Mar 15, 2021: Industry Insights:
The global protective coatings market was valued at USD 24.90 billion in 2015. The growth in this market is primarily an outcome of significant consumption in key end-use industries such as construction, oil & gas, and aerospace.
The growth in the protective coatings market is expected to be positively impacted by the rise in the aerospace and automotive industries worldwide. The rising demand for passenger cars and the growing air traffic, most notably in emerging regions, are expected to drive the growth of this industry during the forecast period.
The product finds major applications in the construction, mining, power generation, aerospace, industrial, and marine industries, among which the construction segment accounted for the largest share in 2015. The growing infrastructure development in emerging countries such as India, Brazil, and China are anticipated to drive the demand for the product during the forecast period.
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The key restraints for the growth of the industry include the stringent government regulations, especially in the U.S. and European countries, regarding the volatile organic compound (VOC) emissions and increasing cost of raw materials. The rising demand for raw materials in the other end-use segments may negatively impact the growth of the industry during the forecast period.
Resin Type Insights
In terms resin types, the industry has been segmented into acrylic, epoxy, polyurethane, alkyd, and polyester. The epoxy coatings segment dominated the overall industry revenues in 2015, accounting for revenues of over USD 9 billion. The growing demand for high operational efficiency in key application verticals can be considered the primary factor driving the product growth.
The alkyd resins segment is expected to observe a significant growth during the forecast period, driven by the growing application scope in segments such as automotive, construction, and oil & gas.
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Product Insights
In terms of products, the industry has been categorized into water-borne, powder-based, and solvent-borne. In 2015, the solvent-borne segment accounted for revenues of nearly USD 8.5 billion, thereby dominating the overall industry revenue. However, this segment is anticipated to observe slow growth during the forecast years owing to strict government regulations on the use of solvent-based compounds with high VOC content.
Water-borne coatings is another key segment, which is expected to experience the highest revenue growth of nearly 11% during the forecast period. Increasing demand for environmental-friendly products from key end-use verticals is slated to drive the segment growth.
End-use Insights
The industry has been segmented into construction, oil & gas, aerospace, mining, industrial, power generation, automotive, marine, and others, on the basis of end use. The construction segment dominated the overall industry, accounting for revenues of over USD 5 billion in 2015. This dominance and future growth of this segment can be attributed to rising infrastructure development activities and investments in emerging countries of Asia Pacific and Central & South America.
The growth of the aerospace and oil & gas segments is also expected to drive the demand for protective coatings during the forecast period, projected to grow at a CAGR of nearly 11%. This can be attributed to the increasing demand for the products in thermal barrier and surface protection applications, in the aforementioned industries, which witness high-temperature operations.
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24 January 2020 - The Global Digital Asset Management Market was valued at $1.45 billion in the year 2015 also expected to grow at considerable rate due to the increase in digital assets by leaps and bounds.
Real time strategies driven by customers unlike the traditional strategies along with delivery models are reasons to drive the sales in the mentioned period.The ever increasing demand for the content which is rich to promote products and brands is another driver expected to impact the market positively.
Digital asset management suppliers comprise mainly of cloud-based organizations providing solutions with optimum expenses.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/digital-asset-management-marketType InsightsIndustries have adopted digital asset management to save and store files for the purpose of completing the task on real time basis.
DAM is extensively being adopted in sales and marketing because it helps maintaining the product and brand image.DAM is also being used by photography sector to secure the access files and store photos.
DAM has made it easier to manage these assets making it the part of industry.Regional Insights25% of the total market is dominated by North America in 2015.
DAM’s adoption has increased due to the generation of huge amount of content which also helps in reaching out to larger group in smaller times.Demand for the analytics is forecasted to get a stable platform in North America.
The global Baby Diapers Market size is anticipated to reach USD 64.62 by 2022, progressing at a CAGR of 6.2% over the forecast period.
Rising consciousness towards baby health and affordability of the baby care products are the major driving force which is presumed to boost the industry in the coming future.
Continuous exposure to chemicals caused by disposable baby diapers leads to skin rashes and many other negative health impacts.
Increasing awareness towards these toxic chemicals and their negative impact on health are most likely to influence the baby diapers market negatively over the upcoming seven years.
Growth in e-commerce sector recently is expected to drive the market penetration opportunities over the forecast period.
Product Insights The key products include disposable diapers, biodegradable diapers, cloth diapers, swim diapers and training nappy.
Modern day aircrafts possess a wider range of seats in a large wide body aircraft than in a narrow body aircraft.
The minimized weight would definitely lead into saving of fuel costs, enhanced travel experience and lowered ticket prices.
On the basis of material type, the global aircraft seating material is segmented into aluminum structure, foam cushions and plastic molding.Aircraft seats are made out of advanced materials mainly graphite composite fire-hard foams with fire-resisting polyurethane (PUR) foam systems inclusive of special-flame resistant substances.
Cushions are produced either by inserting foam into molds or by cutting foam blocks into desired shapes.
and so the standards and tests conducted to determine their flame retardant capabilities, gravity performance, static load testing etc.
The global commercial aircraft seating market revenues are anticipated to grow 3x during the forecast period.The key driving factors responsible for the growth of global aircraft seating material market includes growth in demand for new aircraft deliveries, upgrade of aircraft programs, and increased air travel is anticipated to contribute to the market growth during the forecast period.
The global patient temperature management market size was worth USD 2.3 billion in 2016 which is anticipated to grow at a CAGR of more than 7.9% during the forecast period.
The key factor contributing to the market growth of patient temperature management is the rise in number of surgeries performed.
In 2016, patient warming systems dominated the market due to the increase in number of surgeries being conducted.
This is due to the rise in number of surgical procedures such as gynecological and cardiac surgeries.
According to Centers for Disease Control and Prevention (CDC), around 610,000 people in the US die of heart disease every year.
This causes the growth of temperature management devices in the US.
Global Smart Polymers Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe.
Smart Polymers are also termed as “stimuli-responsive polymers” or “intelligent polymers” that undergo large reversible changes, either chemical or physical, due to environmental variations.
These kinds of materials are sensitive to several factors like intensity of light, temperature, magnetic or electrical field, wavelength, humidity, and pH.
These polymers are representing promising means for gene therapy, targeted drug delivery, actuator stimuli and protein folders, and enhanced drug delivery.Increasing need for effective drug delivery systems, rising demand from drug delivery and automotive sectors, and enhancement of smart textiles are documented as the major factors estimated to enhance the growth in the years to come.
Physical stimuli responsive polymers comprise electroactive & magnetically thermo-responsive polymers, pressure-responsive polymers, and photo-responsive polymers.
This may be due to phase separation process and manufacturing of effective drug delivery systems.Globally, North America accounted for the substantial market share of Smart Polymers in 2016 and is estimated to lead the overall market in the years to come.
USA: November 5, 2019- Extracorporeal Membrane Oxygenation (ECMO) Market size was valued at USD 246.5 million in 2016 and is expected to grow at CAGR of 4.3% over the forecast period.
The major factors boosting growth are the rising incidences of Chronic Obstructive Pulmonary Disorder (COPD), and surging prevalence of cardiopulmonary diseases and respiratory failures.According to data recorded by the American Lung Association (ALA), in 2013, COPD was recorded to be the third largest cause of death across the U.S.
In addition, over 24.0 million individuals are estimated to remain undiagnosed in the U.S. and 11.0 million diagnosed for COPD.To Get Sample Report visit @ https://www.millioninsights.com/industry-reports/extracorporeal-membrane-oxygenation-ecmo-market/request-sampleAlso, the increasing adoption of unhealthy lifestyles, such as rise in the total tobacco consumption level among both, females and males and further development of lifestyle disorders are augmenting the incidence rate of COPD.
ECMO machines are gaining popularity in the hospital and healthcare systems due to the rising trend of its application during cases of respiratory disorders.The ECMO machines are used in cases of cardiac failure to facilitate auxiliary oxygen support system.
The segments are further segmented on the basis of who is using the set up into adult application, neonate and pediatric.
The segment dominating the market in 2015 with about 40.0% of the industry share is respiratory based ECMO.The increasing demand for the ECMO systems is majorly attributed to rising number of patients with chronic respiratory conditions like COPD, emphysema and chronic bronchitis combined with a trend of growing awareness about health disorders.
