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The plasticizers market was valued at $15,179 million in 2015, and is projected to reach $18,538 million by 2022, growing at a CAGR of 2.9% from 2016 to 2022, according to a new report published by Allied Market Research. The phthalates type held two-thirds of the global market in 2015.
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Plasticizers are additives applied in polymers & other materials to enhance their softness, flexibility, and processability. They are applicable in flooring & wall coverings, films & sheets, wires & cables, coated fabrics, consumer goods, and several others. The global plasticizers market is segmented based on type, application, and geography. Raw materials for plasticizers generally comprise esterification of different types of alcohols & acids as well as other chemicals as per the required application.
Emerging applications of plasticizers in various end-user industries and high demand for non-phthalate plasticizers in different regions are major factors that are expected to drive the market growth. However, strict government regulations over some of the phthalates and toxicity of PVC polymer may hamper this growth. Increase in demand for bio-based plasticizers for products, such as personal care cosmetics, toys, food contact materials, health care commodities, and others, are expected to create growth opportunities for various players in the market.
Bio-based plasticizers, such as epoxides & sebacates, are expected to grow at the highest CAGR throughout the analysis period, due to their remarkable properties such as non-toxic nature, high efficiency, improved heat stability, lower volatility, and others. These are employed in automotive, adhesive & sealants, paints & coatings, and other end uses.
In 2015, the phthalates type occupied major market in terms of revenue; However, this trend is expected to decline to some extent during the forecast period, owing to the harmful effects of few phthalate plasticizers such as endocrine disruption and damage to reproductive system as well as kidney, lungs, and liver, resulting in their complete or interim level ban by regulatory bodies. The main applications employing plasticizers include floorings & walls and wires & cables. Moreover, the wires & cables application segment accounted for second largest market share in 2015, and is expected to grow at the CAGR of 2.3% during the forecast period.
Key findings of Plasticizers Market
- Film & sheet coverings is anticipated to be the fastest growing application segment, in value terms, growing at a CAGR of 3.5% from 2016 to 2022.
- Asia-Pacific is expected to continue to be the dominant share holder, with more than half of the global plasticizers market, with highest CAGR of 3.2% in terms of revenue.
- The flooring & wall segment occupied the maximum market share, and is expected to grow at a CAGR of 3.4% during the forecast period.
- China is the largest country in terms of demand & supply in global plasticizers market.
DINP segment accounted for one-third of the global phthalates market in 2015
In 2015, Asia-Pacific and LAMEA collectively accounted for more than half of the global plasticizers market, with lucrative CAGR and are expected to continue this trend. This is attributed to upsurge in construction & packaging industries, specifically in China, India, Brazil, and other developing economies. Growth in urbanization & industrialization are the main reasons for growth of the plasticizers market in Asia-Pacific.
The major companies profiled in the report include Arkema S.A., BASF SE, Daelim Industrial Co. Ltd., Dow Chemical Company, LG Chem Ltd., Evonik Industries AG, ExxonMobil Chemical, Eastman Chemical Company, Ineos Group, and UPC Group.
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Construction Equipment Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $288.8 billion by 2022, registering a CAGR of 9.2% during the forecast period 2016-2022. Asia-Pacific is the largest market for construction equipment on account of substantial investments by the government in the manufacturing and infrastructure sector, followed by North America.
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In terms of market by product type, the loader segment accounted for the largest market share of around 45% in 2015, due to the widespread adoption of loaders in construction, mining, and public works industries. The segment is projected to remain dominant throughout the forecast period. Collectively, cranes and excavators accounted for a market share of 35% in 2015, and are expected to witness notable growth during the forecast period, owing to the increasing usage of these equipment for lifting heavy loads, material handling, mines and many other purposes.
In terms of market by industries, Public works & railroad industry accounted for the largest share in 2015, as the equipment are extensively used for construction of roads, highways, airports, dams, and other such activities. The segment is anticipated to grow at the fastest rate during 2016-2022, on account of increasing number of infrastructure projects globally. Oil & gas and mining industries together accounted for 28% of market revenue in 2015 and are expected to grow at a notable pace during the forecast period. The growth is primarily attributed to the increasing demand for earthmoving, drilling, trenching and other such equipment in the industry.
The market is segregated by solution into products and services. The products segment occupies a prominent share of the overall market. However, service market, which includes leasing and repairing of the equipment; is expected to witness faster growth in developing countries due to increasing demand for leased and rented construction equipment among the low and mid-sized construction companies.
Key findings of Construction Equipment Market:
- In 2015, APAC was the largest revenue generating region, followed by North America.
- Public works and rail road industry would account for around 45% of the global construction equipment market revenue by 2022.
- Loaders was the largest revenue generating segment in 2015.
- Lifting & material handling application is anticipated to be the fastest growing segment during 2016-2022.
Key market players profiled in the report are AB Volvo, Caterpillar Inc., Komatsu Ltd., Doosan Heavy Industries & Construction Co. Ltd., Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Limited, Kobe Steel Ltd., Liebherr Group, Atlas Copco AB, and CNH Industrial N.V
A new report published by Allied Market Research, titled, “Ultrasound Devices Market – Global Opportunity Analysis and Industry Forecast, 2014 – 2022“, projects that the global ultrasound market would reach $10,476 million by 2022. Diagnostic ultrasound system would continue to be the highest revenue-generating segment throughout the forecast period. Europe accounted for almost one-third of the market share in 2015, and is expected to dominate the overall market during the study period.
The major factors boosting the market growth include technological advancements (such as advent of 3D and 4D ultrasound that provides detailed information about a known abnormality from different angles), rising incidence of chronic diseases, and increasing geriatric population worldwide. The rising number of application areas of ultrasound coupled with increasing adoption of ultrasound systems in obstetrics and gynecology field, is set to boost the growth of the ultrasound market worldwide. Cost effectiveness, safety, high accessibility, and clinical value in preliminary diagnosis are strengthening the technologies value proposition in technological advancements in the ultrasound market.
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In addition, increase in number of diagnostic imaging procedures, and rising awareness for early diagnosis of clinical disorders are anticipated to further drive the demand for ultrasound devices. However, dearth of skilled and experienced sonographers and technological limitations of ultrasound systems are some of the factors restricting the market growth.
The radiology/general imaging segment accounted for the major share of 30% of the overall ultrasound market in 2015. This is primarily due to the wide adoption of ultrasound devices in the diagnosis of rising number of abdominal diseases. Urology has emerged as the fastest growing segment, registering a CAGR of 11.3% during the forecast period, due to the growing incidences of urinary tract infections coupled with the rapidly aging patient population.
Diagnostic ultrasound devices such as 2D ultrasound, 3D & 4D ultrasound, and Doppler devices have given rise to new applications (such as biopsies and image-guiding interventions) across different clinical specialties. The growing demand for both ultra-portable and portable diagnostic ultrasound systems in diagnostic and image guidance area at points-of-care have further boosted the market growth. The advent of portability in ultrasound has built a strong path for the increased demand of these devices for point-of-care applications such as emergency medicine, anesthesiology, musculoskeletal, and critical care medicine. The trolley/cart-based ultrasound devices segment accounted for the major market share of the total ultrasound market in 2015, whereas, the compact/handheld ultrasound devices segment is expected to grow at a higher CAGR during the forecast period.
Geographically, the European region accounted for the majority share in the overall ultrasound market in 2015, and is expected to maintain this lead throughout the forecast period. The growth in the ultrasound market is attributed to the increased adoption of ultrasound for diagnosis, increased procedure volumes resulting from rapidly aging population, and increased prevalence of chronic diseases. However, regulatory framework concerns and dearth of experienced and skilled sonographers in various countries in Europe are expected to hamper the market growth. In addition, the growing momentum of HIFU in European countries for the treatment of prostate cancer is further set to drive the ultrasound market. Asia-Pacific is projected to be the fastest growing region throughout the analysis period. This is mainly due to the improving healthcare infrastructure and healthcare expenditures in the emerging markets (such as India and China) to overcome the unmet medical needs in these countries. Technological advancements for cost-effective devices in these nations offers a lucrative opportunity for the growth of the ultrasound devices market.
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Key Findings of Ultrasound Devices Market:
- In the year 2015, 2D imaging systems was the leading segment, accounting for almost half of the overall market revenue, and is projected to grow at a CAGR of 3.3% during the forecast period.
- HIFU segment is expected to grow at a remarkable CAGR of 22.5%, owing to the non-invasive nature and high accuracy of technology for the treatment of prostate cancer.
- Asia-Pacific accounted for about one-third share of the global ultrasound market in 2015.
- The obstetrics/gynecology segment is projected to surpass the ultrasound market for radiology/general imaging during the forecast period.
- China and Japan are the major shareholders in the Asia-Pacific region, jointly accounting for about two-thirds share of the regions ultrasound market.
The key players in the ultrasound market are highly focused on expanding their business operations in the fast-growing emerging countries and new product launches as a preferred strategy. The companies profiled in this report include Analogic Corporation, Esaote SpA, Fujifilm Corporation, General Electric Company, Hitachi, Ltd., Koninklijke Philips N.V., Mindray Medical International Limited, Samsung Medison Co. Ltd, Siemens AG, and Toshiba Corporation.
Global shotcrete market report published by Allied Market Research was valued at $4,441 million in 2015, and is expected to reach $7,819 million by 2022 growing at a CAGR of 8.6% during the forecast period 2014-2022 Underground Construction segment was the largest contributor for global shotcrete market in 2015. Europe held the leading position in 2015, while Asia-Pacific is expected to be the highest growing market throughout the study period.
Increased number of underground construction projects such as New York City Water Tunnel of 96.5 km in New York, U.S., Paris metro line 15 of 75 km in France, Brenner Base Tunnel of 55 km in Austria-Italy, Mass Rapid Transit: Thomson-East coast metro line of 42 km in Singapore drives the shotcrete market. Shotcrete is mainly used to strengthen the substrate by using Sprayed concrete linings (SCL) as a temporary or permanent lining considering time and cost required.
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According to Eswara Prasad, Team Lead Chemicals & Materials at Allied Market Research, “The rapid development of shotcrete technology & raw materials are expected to offer major opportunities to the world shotcrete market.”
Shotcrete is a concrete spraying technique which is mainly used to reduce or eliminate the disadvantages of conventional concrete. Depending upon the method of spraying, it is classified into two types, namely, manual spraying system and robotic spraying system. The use of robotic spraying system is expected to grow as the rules and regulations regarding safety and health of the personnel are getting increasingly stringent.
The demand from wet-mix shotcrete process over conventional concrete is expected to register the highest growth rate owing to the versatility and time reduction. Further research in enhancing the properties of shotcrete raw materials is expected to continue the growth of wet mix shotcrete process making it a widely-used technique in the shotcrete market.
Manufacturers have focused on the growing construction industry of emerging economies such as India, Brazil, Argentina, and Saudi Arabia to increase their market share.
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Key findings of Shotcrete Market:
- Shotcrete in underground construction application segment occupied the highest share in 2015, and is expected to grow at a CAGR of 8.9% in terms of value during the forecast period
- Europe is the leading consumer of shotcrete accounting for more than one-third share of the world shotcrete market, followed by Asia-Pacific
- The robotic system of shotcrete is expected to expand with the highest CAGR of 8.8% in terms of value during the forecast period
- Wet-mix technique of shotcrete segment accounted for approximately three-fourth of the global shotcrete market in 2015
- S. is the leading market for shotcrete in the North American region, growing at a CAGR 6.7% in terms of value during the forecast period
Europe accounted for the largest share in the global shotcrete market in 2015, while Asia-Pacific is projected to be the highest growing market for shotcrete during the forecast period. This is attributable to increase in underground construction application segment owing to the expansion of major shotcrete manufactures such as BASF SE and Sika AG in the region.
BASF SE installed a new construction chemical plant in Andhra Pradesh, India to meet the demand of the region and expand their market reach. Sika AG has opened a new production plant in Australia to fulfill the demand for concrete admixtures and supply product technologies to Government-funded Forrest field-Airport Link to build a new rail line, pair of tunnels, suburbs. The prominent players profiled in this report include BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Mapei, and Normet.
Asia-Pacific Professional 3D Camera Market Report, published by Allied Market Research, forecasts that the Asia-Pacific market is expected to garner $888.6 million by 2020, registering a CAGR of 36.8% during the period 2015-2020. Innovations in the 3D camera market have been gaining momentum in Japan, making it one of the leading markets in the region.
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Among the two types; Target and Free camera, target camera would lead the market throughout the analysis period. The higher growth of the target camera segment is supplemented pertaining to its adoption in different applications including niche photography, surveillance and asset monitoring.
Japan being the leading revenue generating region and exhibiting the largest market share with huge application across varied industry verticals, supplements the overall market growth. Nonetheless, China is the most lucrative market owing to the increasing popularity of 3D movies and games that enhances the demand of 3D cameras. Entertainment industry in China is rapidly adopting 3D cameras and camcorders over conventional technologies in an effort to generate more 3D content.
Key Findings of Asia-Pacific Professional 3D Camera Market:
- Stereo vision technology leads the Asia-Pacific professional 3D camera market throughout the analysis period
- Photography being the largest application in the Professional 3D camera market, would maintain its dominance throughout the forecast period
- China would be the fastest growing country throughout the forecast period, closely followed by India
The professional 3D camera manufacturers cumulatively follow R&D activities and product launches to differentiate their products and sustain the competitive market. The continuous innovations in imaging technologies including laser, optics and 3D imaging software would result in higher adoption of 3D cameras thereby boosting the overall market growth.
Global Embedded Multimedia Card (eMMC) Market is expected reach $32,321.9 million by 2022. eMMCs with a density range of 128GB – 256GB are expected to dominate throughout 2014 – 2022. Asia-Pacific is estimated to continue to lead throughout the forecast period.
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The rising sale of smartphones and need for integrated memory in mobile computing devices drives the growth of eMMC market. eMMCs can easily be used in small devices such as smartphones, tablets, and others, due to its compact size, enhanced processing power, and high data storage capability. The need for digital storage devices and increased consumer expenditure on electronics are expected to supplement the market growth. However, frequent changes in technology leading to the development of more advanced products such as Universal Flash Storage (UFS) restrict the market growth. Moreover, technological advancement and demand for memory solutions for various electronic devices, including digital cameras, digital set-up boxes, digital book readers, portable terminals, camcorders, and others, are expected to provide numerous growth opportunities in the future.
eMMCs with a density range of 128GB – 256GB accounted for the highest revenue in 2015 owing to the increase in demand for high-capacity memory devices among the urban population and higher prices as compared to other eMMCs available in the market. This range of eMMCs is utilized among mid-range tablets, digital cameras, and phones.
The smartphones application accounted for the highest share of the overall revenue generated by eMMC market in 2014, owing to its high-storage capacity and HD video screening. However, the GPS application is expected to grow at the highest CAGR of 20.5% during the period 2016 – 2022. Increase in the number of smartphone users, rise in use of location-based services & mobile applications, and growth in demand for automobile GPS software and other wearable electronic products boost the demand for eMMC cards in GPS-supporting devices.
In 2014, the automotive industry accounted for the highest revenue, owing to the use of eMMCs in ADAS, vehicle infotainment system, GPS system, voice recognition system, and others. It accounted for around 26% share of the
global eMMC market revenue in 2014, followed by aerospace & defense sector. Other end users utilizing eMMCs include industrial, healthcare, public, IT & telecom, and others. The industrial sector is expected to grow at the highest CAGR during the forecast period.
Asia-Pacific dominated in 2014, in terms of revenue, and is expected to maintain its dominance during the forecast period. This is attributed to the increasing use of mobile phones and consumer electronic products.
eMMCs have increasingly been adopted as a memory product for cellular devices in India, China, and South Korea owing to the continuous development of the cellular market, including 3G and 4G technologies.
In addition, there has been a significant growth in the eMMC market in China and Japan over the past few years. The ever-increasing market of personal computers and smartphones in China in the recent years has largely contributed to the growth of memory market including eMMC products.
However, LAMEA is projected to grow at the highest CAGR throughout the analysis period. Increasing demand for smartphones and rising number of other electronic devices such as, laptops, digital cameras, and tablets, have increased the adoption of eMMCs in this region.
Key findings of Embedded Multimedia Card (eMMC) Market:
•In 2014, eMMCs with a density range of 128GB – 256GB led the overall eMMC market.
•Smartphones segment generated maximum revenue among all segments in 2014, owing to the large storage capabilities and fast processing speed in mobile applications and Internet platform.
•The industrial segment is projected to grow at the highest CAGR of 19.9% during 2016 – 2022.
•The automotive sector is estimated to generate the highest revenue.
•Asia-Pacific was the major revenue-generating region in the global eMMC market in 2014.
Key market players focus on expanding their business operations in the emerging countries with new product launches as a preferred strategy. The major players profiled in this report include Samsung Electronics Co. Ltd., SanDisk Corporation, SK Hynix Inc., Phison Electronics Corporation, Greenliant Systems Inc., Kingston Technology Company Inc., Micron Technology, Inc., Silicon Motion Technology Corporation, Transcend Information, Inc., and Toshiba Corporation.