Market Research Blogs

For the longest time, artificial intelligence (AI) was aconcept that existed merely in novels and movies and this fascinated users to no end. As the technology made a more mainstream entrance, the industrial sector was one of the first to benefit from its many features, including mitigating workload of laborers and lowering costs. Even then, the extent of AI’s impact had not been fully gauged.

In the current scenario, technological advancement in large-scale downstream bioprocessing systems is an ever-increasing trend in biotechnology. Popularity of single-use bioprocessing instruments, advancements in existing separation & purification techniques are expected to drive growth in the near future. 

The global textile chemical market exceeded 9.5 million tons in 2015. Textile chemicals are used to improve the appearance of the cloth or enhance certain specifically desired properties as required in manufacturing flameproof furniture fabrics, airbags, etc. Increasing urban population and lifestyle of consumers, mainly in emerging economies of Asia Pacific and Latin America is likely to drive the market growth of the textile industry.

The global agricultural films market is anticipated to witness rapid growth over the forecast period primarily on account of increasing food demand from an ever-expanding population. Agricultural films are high-quality polymer films used for various agricultural applications including greenhouses, silos, mulching, fumigation, and underlays to protect, preserve and enhance the quality and productivity of farm produce. 

Carbon black market size is expected to rise at a CAGR of above 3% over the forecast period due to demand from plastics, rubber goods, and tires production. The primary market will be its application in tires as it plays a significant role in increasing rolling resistance and tread wear.

Global bottled water market is expected to witness brisk growth over the forecast period owing to rising health concerns and shortage in healthy drinking water. Shift in consumer preferences due to additional health benefits can be attributed to the growth in the recent years. Due to a shift in consumer preference towards healthy eating and drinking habits, the demand for this product is presumed to witness robust growth over the forecast period. Innovation in packaging coupled with efficient supply chain has resulted rapid growth in the recent past.

Graphene is a thin layer of the purest form of carbon. It is a material stronger than steel and can be used in various industries such as electronics, energy, and composites among others. Production of high-quality graphene was initially a constraint to the commercial use of this material. However, with growing R&D and new technologies, this problem has been solved.

The global automotive electronics industry is projected to witness a significant growth owing to technological advancements and increasing concern about safety and comfort. Emergency call systems, alcohol ignition interlocks, and accident data recorder systems are an example of technologies, which are expected to boost the vehicle growth. Moreover, an increase in standard of living and increase in disposable incomes is driving the demand for these systems. Increasing customer demand for multimedia enabled vehicles, safer and fuel-efficient vehicles enabling manufacturers to make their cars smart than ever before. 

Changing healthcare realm is leading to the development of services which are focused toward convenience of the patient. Various market players are indulged in creating innovative diagnostics kits and instruments to provide accurate results in no time thereby creating potential opportunities.

Increasing demand for chitosan in various end-use industries including wastewater treatment, agrochemicals, textiles, cosmetics, food & beverage and pharmaceuticals is expected to drive industry growth over the next eight years.

Embedded systems are a combination of software as well as hardware which is either programmable or fixed in capabilities. These systems are designed for a particular function. Automobiles, medical equipment, cameras, industrial machines, household appliances, airplanes, vending machines, toys, cellular phones and PDA (personal digital assistant) are among the myriad of possible hosts of the system. Embedded systems are the key enablers of smart devices which represent one of the technological marvels of the 21st century.

An increasing number of fire accidents and security issues has made the fire alarm equipment market saturated over the years and at a global level. However, constant innovations in technology and government initiatives in developing economies are supporting the market growth. There are varieties of fire safety equipment available in the market, such as heat detectors, flame detectors, and smoke detectors, used in sectors such as residential, industrial, and commercial zones.

High performance alloys are expected to grow at a CAGR of above 4% over the next eight years. It is mainly influenced by the increase in population, consumer awareness, changing consumer preference and development in the economy. Technology improvements in high performance alloys have led to its application in numerous industries and reduced production cost. Growing GDP in countries such as China, India and Brazil is expected to drive the demand for high performance alloys.

Nanosilver, also known as colloidal silver, are minute silver particles with dimensions less than 100nm. These nanoparticles usually possess different chemical and physical properties than those of larger particles of the same material. Silver exists in various forms including silver oxides, silver nanoparticles, and silver salts which have been widely used in medical and consumer applications owing to their chemical properties such as surface-to-volume ratio and solubility.

Increasing world population and surging needs for food across the globe is expected to augment the phosphate fertilizers market demand. Phosphate fertilizers are commonly employed in the agriculture sector as they are used for enhancing the growth of the plants by providing nutrients present in them. Phosphate fertilizers also enhance the soil effectiveness by modifying its water retention and aeration. They are prepared on a commercial scale from phosphate rocks. Phosphate is a crucial element required for the growth of different kinds of crops due to its ability to develop seeds & roots and maturing of plants and commercial crops.

The global market for plastics is expected to grow significantly on account of its usage in building and construction application. The unique properties possessed by plastics such as active however lightweight, easy transportation, durable, scratch resistant, non-corrosive, removable & recyclable and the price stability it provides, makes plastics the most suitable substance for usage in the construction & building industry. The conventional plastics used in the construction segment consist of acrylic, composites, expanded polystyrene, polycarbonate, polyethylene, polypropylene and polyvinyl chloride. 

Epoxy resins are accepted to be thermosetting polymers. These thermosetting polymers are utilized as high-performance coatings, adhesives, and encapsulating materials. Epoxies have a huge quantity of compensation over other objects; the most significant is their adaptability coupled with their flexibility. Their main application industry comprises coatings & paintings, electrical and electronics appliances, and compound, amongst many others.

Global polyacrylamide market is anticipated to witness a significant growth over the upcoming years on account of the rising awareness of the waste water management. Polyacrylamide is a water soluble polymer. Thus, these water soluble polymers are used for separation of proteins and water treatment. Polyacrylamides are produced in liquid form or granular form and are available as anionic, non-ionic, cationic and other polymers which include homopolymers and copolymers.

Global sulfuric acid demand is expected to witness a steady growth mainly on account of its broad applications, especially in the phosphate fertilizers manufacturing. Sulfuric acid is a mineral acid having a molecular formula of H2SO4 and is soluble in water at all concentrations. The product is an odorless and colorless viscous liquid. However, it is sometimes dyed brown so that it is easily visible. In ancient period, this acid was named as oil of vitriol. 

High performance anti-corrosion coatings refer to advanced materials which are used on concrete and metal components in several manufacturing plants which are unprotected from severe corrosive environments, including acid rain. The key segments of the products of the global high performance anti-corrosion coatings market include acrylic coatings, urethane coatings, and epoxy coatings. These coatings are majorly used up in vital industries. The main end-use segments of the high performance anti-corrosion coatings market consist of tanks & pipes, marine, oil & gas, power generation, and construction.