Air Compressor Market Overview:

According to the World LPG Association (WLPGA) annual report 2017, annually LPG production across the world surpassed 300 million tonnes and grew by 5.75% in the year 2017. This statistic is reflective of the increasing consumption of LPGs worldwide and to accomplish this huge demand, air compressors play a major role in filling the gas cylinders which is ultimately delivered to the intended customers. Air compressors help convert the kinetic energy of several systems and machinery whereby it is enhancing their working. With a wide range of application in pneumatic and abrasive weeding systems, farming utilities, spray painting guns, jackhammers, and many others, the air compressor market is growing gradually. Owing to the large scale utility in the household work and industrial sector coupled with rising demand for air conditioners, the global air compressor market is experiencing a lucrative outcome which stood at $19.2 billion in the year 2018. With the growing trend of ready-to-eat meals, packaged foods are acquiring huge demand and are also prone to food adulteration at the levels of food distribution whereby necessitating safe air packaging. Vacuum packaging is widely used in food and beverage industry for providing an air-tight shield around the food product thereby enhancing its shelf life. Air compressors are imperative vacuum packaging requirements which also aids in safety seal applications.  Consequently, the air compressor market opportunity is anticipated to grow at a CAGR of 4.28% driven by these factors during the forecast period of 2019-2025.

The Asia Pacific is one of the largest region with mounting air conditioners demand owing to the increasing population, economic diversification, growing domestic and commercial expenditure, and an upsurge in modern infrastructures. Additionally, APAC dominates the global air conditioning market with a regional share of 34% – 37% as of 2018 which resonates with the considerable rise in air compressor market demand in this region. These factors consistently drive the APAC air compressor market which is why it contributed a major portion of 31.86% share in the year 2018. The application segment of the manufacturing and energy industry is evaluated to increase at a notable CAGR of 6.78% through to 2025.

Air Compressor Market Growth Drivers:

· Rapid industrialization and high demand for portable air compressor are leveraging huge profit income hence majorly fueling the global air compressor market growth.

· Hike in demand for air conditioners for in-door, official, and commercial utility coupled with rising vacuum packaging market scope propels the air compressor market development.

Air Compressor Market Key Players:

The pioneering companies of the air compressor market includes Suzler Ltd., Atlas Copco AB, Sullivan-Palatek, Inc., Kirloskar Pneumatic Company Limited, Kobe Steel Ltd., Mitsubishi Heavy Industries, Ingersoll-Rand plc, Ebara Corporation, and many others.

Sullivan-Palatek is a leading manufacturer of compressed air products and delivers them to various end-user industries such as pharmaceutical, automotive, construction, drilling and mining, and many others. One of its efficient and advanced product is the portable air compressors which comes in different variant including D110PKU, D185 series, export compressors, and so on.

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Air Compressor Market Trends:

· Portable and Sustainable Air Compressor System:

Innovation is the core of any industry to sustain in the long run and etching a benchmark in this competitive landscape. Conventional static and air compressors hindered the work accomplishment in farm lands and industrial fields and this situation is effectively overcome by Vert Rotors’ Nautilus, an innovative lightweight air compressor model achieves the same work force with comparatively less noise production.

Moreover, manufacturing eco-friendly machinery are the modern day necessity due to increasing pollution in the surrounding atmosphere. Atlas Copco’s E-air portable compressors offers solution to the rising environmental crisis with cutting edge solution such as minimal carbon dioxide emission. Additionally, being powered by electric motors and lithium batteries, they do not require fueling at regular intervals thereby reducing the diesel consumption.

Air Compressor Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Air Compressor market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Air Compressor in Air Compressor market, and their specific applications in different areas.

Air Compressor Market: Industry Coverage:

The global air compressor market can be segmented into type, technology, lubrication type, and application. Bifurcation on the basis of type includes portable and stationary. Based on technology categorization includes reciprocating, rotary, and centrifugal. By lubrication type the air compressor market can be divided into oil lubricated, oil-free, and others. Application categorization includes semiconductors and electronics, food and beverage, healthcare, home appliances, energy, oil and gas, manufacturing, and so on.

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The Air Compressor market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include: 

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia

Surface Disinfectant Market OverviewSurface Disinfectant Market size is $893m in 2019, growing at a CAGR of 8.7% during the forecast period 2020-2025. Surface Disinfectant are chemical substances that are applied to objects and surfaces for the purpose of sanitizing and killing microbes. It is used to disinfect food preparation surfaces, such as counter tops and cutting boards, owing to raw foods (meats, fish, and poultry) that contains pathogens like E. coli, Salmonella and Listeria. Hydrogen Peroxide, Quaternary Ammonium, Hypochlorite and others are the type of surface disinfectants used to disinfect frequently touched surfaces in households, hospital acquired infections and others to reduce the transmission of infectious illnesses, such as COVID-19, colds, flu and others.

Key Takeaways

• The increase of the prevention safety among the individuals in the medical and healthcare industry is set to propel the growth of the market. 
• Increasing consumer awareness about hygiene coupled with government initiatives promotes the Surface Disinfectant market. 
• Asia Pacific region is estimated to record the fastest growth rate during the forecast period 2020-2025.

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By Product Type – Segment Analysis

In 2019, Hypochlorite segment dominated the Surface Disinfectant Market in terms of revenue is estimated to grow at a CAGR of 6.8%. It is the most common used type as it is available in solid (calcium hypochlorite) or liquid (sodium hypochlorite) forms. It is a bleaching product that is used in hospitals or private households all around the world to kill the germs or microorganisms which could spread the deadly virus like COVID-19 and others. It is used in isolation wards and for sanitization purposes. As the number of sanitization processes are emerging around the world owing to the recent COVID-19 outbreak, the market is estimated to grow at an exponential rate.

By Distribution Channel – Segment Analysis

In 2019, Online Retailing segment dominated the Surface Disinfectant Market in terms of revenue. It is owing to the enhancements and availability of varieties of surface disinfectant product in all types. Online retailing provides discount which attracts lot of individuals. People find it more useful as it makes purchase easy by giving comparison on the basis of its varieties, helps in saving time. Convenience and ease of availability of products aids in the growth of the market.

Geography – Segment Analysis

In 2019, the North America region dominated Surface Disinfectant Market in terms of revenue with a market share of 42%. Growth in the market is attributed to the efficient healthcare structure and the rising cases of COVID-19 which has led to an increase in the number of surface disinfectants. As per claims of World Health Organization (WHO) the estimated statistics related to COVID-19 outbreak is 0.978 million, which would result in the growth of the market. Asia Pacific region is estimated to record the fasted growth rate during the forecast period 2020-2025. 

Drivers – Surface Disinfectant Market

Increase In Personal Hygiene

The growing demand for high quality surface disinfectants across the globe is owing to the increasing need to improve hygiene in hospitals, clinics, and ambulatory surgical centers to prevent the spread of infections (COVID-19) among patients and staff. Also the market is driven by the growing number of laboratories and the rising awareness among people about personal hygiene. The rising disposable incomes of people are the factors for the growth of the surface disinfectant market.

Challenges – Surface Disinfectant Market

Heavy Adoption Of UV Radiation

The heavy adoption of UV radiation as a substitute for surface disinfectants is a major challenge for the market. Ultraviolet germicidal irradiation technique kills or restricts the effects of microorganisms by attacking their DNA and finishing the nucleic acids. The increased adoption of pre sterilization and practice of disinfecting medical instruments also act as major challenges for the surface disinfectant market.

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Surface Disinfectant Industry Outlook 

Product Launches was the key strategy of the players in the Surface Disinfectant Industry. Surface Disinfectant top 10 companies include 3M Company, CarroLLClean, Johnson & Johnson, The Clorox Company, The Procter & Gamble Company, Sealed Air Corporation, Whiteley Corporation, Metrex Research, LLC, STERIS Corporation and Cantel Medical Corporation.

Acquisitions/Product Launches

• In October 2019, 3M Company acquired Acelity, Inc. This acquisition helped the company in enhancing its product portfolio in the field of woundcare and market worldwide.
• In September 2019, CarroLLClean acquired Tomco-Harwel Industries Inc, to build a strong legacy of quality and customer service while creating more opportunities for customers.

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Sodium Bromide Market OverviewSodium Bromide Market size is forecast to reach $1.1 billion by 2025, after growing at a CAGR of 5.2% during 2020-2025. Sodium bromide is a colorless cubic crystal or white granular powder, and belongs to isometric system. Sodium and bromide ions inorganic salts that occur naturally in seawater and other surface and underground waters used to manufacture sodium bromide. The surging uses of Sodium Bromide across various applications such as drilling and cementing, water treatment, and cleaning products drive the growth of this market. Furthermore, surging use of Sodium Bromide in film and photography industry is also contributing to the growth of Sodium Bromide Market size during forecast period. Moreover, accelerating demand of Sodium Bromide from food and Nutrition industry also aids the market growth owing to the growing trend and consumption of nutrition food among consumer especially youths. 

Report Coverage

The report: “Sodium Bromide Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Sodium Bromide Market. By Grade: Medical Grade, Industrial Grade, Agriculture Grade, Cosmetic Grade, and Others.By Form: Powder, Liquid, Granular, and Others.By Application: Printing and Dyeing, Medicine, Cleaning and Furnishing Care Products, Disinfectants, Petroleum, Water Treatment Products, Personal Care, Photography, and Others.By End-Use Industry: Water and Wastewater, Food and Nutrition, Oil and Gas, Construction, Coatings and Lubricants, Pharmaceutical, Cosmetics, Agriculture, and Others.By Geography: North America, South America, Europe, APAC, and RoW.

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Key Takeaways

• Rise in Oil and Gas activities in the country like the USA, Middle East, and Russia raises the demand for Sodium Bromide.
• Sodium bromide is generally non-reactive and very water soluble that further augments the demand for Sodium Bromide.
• The stringency in mercury emission control from developed regions will drive the growth of the sodium bromide market during the forecast period.
• Decline in manufacturing activities and disruption of supply chain due to the outbreak of coronavirus has hampered the growth of the Sodium Bromide market.

Sodium Bromide Market Segment Analysis – By Grade

Based on the grade, industrial grade segment holds the largest share of more than 30% in the Sodium Bromide market in 2019. The industrial grade Sodium Bromide is a crystalline powder, which is readily soluble in water used in the production of biocides used in industrial cooling towers and pasteurizer. Whereas, the growing industrial water treatment and oil extraction activities further propels the growth of this segment, which in turn drive the market growth.

Sodium Bromide Market Segment Analysis – By Form

Based on the form, powder form segment holds the largest share of more than 35% in the Sodium Bromide market in 2019. The powder Sodium Bromide is very useful as chemical intermediate for the formulation of chemicals and bromides. Whereas, the growing uses of Sodium Bromide Powder to form clear-brine work over and completion fluid where formation water contain high concentrations of bicarbonate and sulfate ions further propels the growth of this segment, which in turn drive the market growth. Additionally, the ease of packaging and transportation of powder form sodium bromide and surging uses of powder in residential and commercial sector are also contribute to the growth of this market. 

Sodium Bromide Market Segment Analysis – By Application

Water Treatment segment hold the largest share of more than 35% in the Sodium Bromide market in 2019. Sodium Bromide solution is used to disinfect water systems such as evaporative cooling towers, hot tubs and swimming pools. Efficacy and cost effectiveness of Sodium Bromide compared to other water treatment chemicals such as Sodium Bisulphite and ferric sulfate are major factors driving the growth of the Sodium Bromide market. Furthermore, the wide use of Sodium bromide is to control bacteria, algal slimes, and fungal in the municipal wastewater and industrial wastewater treatment drive the market growth. In addition, surging demand for freshwater pose an opportunity for the growth of Sodium Bromide market. According to the Organization for Economic Co-operation and Development, freshwater demand is projected to increase by 55% globally between 2000 and 2050, significantly aiding the market growth.

Sodium Bromide Market Segment Analysis – By End-Use Industry

Food & Nutrition segment is projected to grow with a significant CAGR of around 4.3% in the Sodium Bromide market during the forecast period owing to the growing health concern, surging demand for nutritional food, and growing population. As, Sodium Bromide-based antimicrobials as a unique solution used for the food processing industry as an effective product against many pathogenic bacteria such as Salmonella. Whereas, the growing food and beverage industry from developing country like China and India coupled with the growing population drive the growth of this market. According to The Association for Packaging and Processing Technologies (PMMI) 2018 Beverage Report, the North American beverage industry is expected to grow by 4.5% during 2018-2028.

Sodium Bromide Market Segment Analysis – Geography

Asia Pacific hold the largest share of more than 45% in the Sodium Bromide market in 2019 owing to the large consumer base, presence of emerging countries, rapid industrialization & urbanization, rising per capita income of the individuals, and the availability of low-cost labor. Asia-Pacific is also projected to have fastest growth, owing to rapidly developing infrastructure as a result of growing industry base as a shifting of global manufacturing base in the region and, government initiatives in developing nations such as China, and India in this region.

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Sodium Bromide Market Drivers

Increasing usage of Sodium Bromide across various industry verticals

Sodium bromide is a single salt clear brine fluid or is used in the combination with other brines that offers various benefits such as a non-damaging to the formation, non-flammable, thermally and chemically stable, can be blended with other solutions of bromides and chlorides, and useful when used in formations that are known to have calcium sensitivity. Additionally, sodium bromide also used in situations where formation waters contain high levels of sulfate or carbonate that may precipitate with the calcium ion. Thus, owing to these benefits the demand for sodium bromide is growing across various industries. Sodium bromide can be used as raw material in the preparation of liquid photographic film, in medicines used for the production of diuretics and sedatives, as the brominating agent in printing and dyeing, and it can also be used in synthetic fragrances and other chemicals. In addition, it is also used for the preparation of drilling fluids, completion fluids and drilling muds formulations. Thus, the growth of industries like water treatment, healthcare, oil and gas, and photography are further driving the growth of this market.

Sodium Bromide Market Challenges

Presence of other alternatives to Sodium Bromide and the Emergence of COVID-19

The presence of alternatives such as sodium bisulphite ammonium thiosulphate, sodium chloride, and bisulfate which has better efficiency than sodium bromide, restraints the market growth of Sodium Bromide. Whereas, the outbreak of COVID-19 globally further acts as a challenging factor to the market growth. The corona pandemic has disrupted the global supply chain, shutdown of various end-use industry production, lack of manpower, the global lockdown, and declined demand from consumers further restraining the market growth. In addition, decrease in purchasing capital impacted the growth of food, agriculture, and oil & gas industries further affecting the growth of the Sodium Bromide market. For instance, the decline in activity in the oil and gas exploration and production further resulted in a decline in the demand for sodium bromide products.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Sodium Bromide market report. In 2019, the market of Sodium Bromide has been consolidated by the top 10 companies accounting for xx% of the share. Major players in the Sodium Bromide market are Albemarle, LANXESS, Schlumberger, Tata Chemicals, TETRA Technologies, Jordan Bromine Company Ltd., Shandong Haiwang Chemical Co., Ltd., Chemtura Corporation, and ICL Industrial Products, among others.

Acquisitions/Technology Launches

• In November 2017, Shandong Haiwang Chemical Co., Ltd. and Djibouti Salt Industry Co., Ltd. held a signing ceremony for the cooperation agreement on the Sodium Bromide Project in Djibouti.

Regenerative Medicine Market Overview:As per the Organ Procurement and Transplantation Network, 36,527 organ transplants were accomplished in the United States in 2018[1]. Regenerative medicines plays a vital role in transplants as it refers to an interdisciplinary field and is a branch of translational research that applies engineering and life science principles to promote regeneration, and can potentially restore diseased and injured tissues as well as whole organs. Apart from organ regeneration, regenerative medicines are effective in cell therapy, gene therapy, and tissue engineering, and are applicable in cardiology, oncology, dermatology, and ophthalmology. Owing to higher prevalence of chronic diseases, genetic diseases, and aging population, causing a higher requirement for organs and biomaterials for tissue regeneration, the regenerative medicine market has escalated to be valued in between $26 billion-$27 billion as of 2018. The analyst of this business intelligence report has tracked this developing marketplace to be progressing economically at a CAGR of 22%-24% during the forecast period 2019-2025.

Regenerative Medicine Market Outlook:

According to Global Burden of Disease, a study by WHO, musculoskeletal conditions are the second highest contributor to global disability. And, Institute for Health Metrics and Evaluation (IHME) has revealed that the total burden of disability increased by 52% between 1990 and 2017.Gene therapy and tissue engineering in orthopedic surgery endures to assist as the foundation for innovative treatments of innumerable musculoskeletal disorders. Regenerative medicine market is all established to capitalize on the global musculoskeletal disorder rate as it assists in tissue engineering and therapy. Due to such occurrences, orthopedic & musculoskeletal cases dominate the application segment and is flourishing with an application CAGR of 21%-23% going through 2025.

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After an acute analysis of the regional aspects of regenerative medicine market, North America has been located as the leading region encapsulating under its terrain around 30%-32% of the global regenerative medicine market demand. The sheer affluence of this region can be attributed to several facts. The United States with its existing modern and cutting-edge healthcare infrastructure is compatible for intricate medical outputs such as stem cell and oncology research augmenting regenerative market. Accelerating frequency of ailments, for instance cancer and diabetes, in the United Sates is positively affecting the market. National Cancer Institute estimated the nationwide expenses for cancer care in the United States in 2017 were $147.3 billion[2].  Similarly 23.1 million folks in the United States are diagnosed with diabetes at a cost of more than $245 billion per year[3].  Awareness among population regarding the available stem cell procedures and therapies effectively curing cancer and diabetes is increasing, which consequence in increasing the demand for the regenerative medicine market.

Regenerative Medicine Market Growth Drivers and Trends:

One of the major drivers of regenerative medicine market is the growing research and developments activities and innovations and funding in biomaterials, nanotechnology, drug delivery, and cell therapies.
The 21st Century Cures Act, approved in December 2016, created room for establishment of Regenerative Medicine Innovation Project (RMIP). NIH (National Institute of Health) is leading the RMIP in coordination with FDA. The 21st Century Cures Act approved $30 million in federal awards over four years (2017–2020) for the RMIP, thus accelerating the arena by aiding clinical research on mature stem cells while endorsing the uppermost morals for scientific research and patient safety[4]. 
Socio-economic context is restricting folks from developing economies to afford organ transplantation. Inadequate stock of organs is instigating serious crime of organ trafficking common in Pakistan, India, and China. This circumstantial setting requires to be disrupted with abrupt response and demands for discovery an alternative source of organ transplantation such as regenerative medicine.

Regenerative Medicine Market Challenges:

Emerging economies with mounting instances of chronic diseases, genetic diseases, and aging population, where there is a higher demand for organs and biomaterials for tissue regeneration have low awareness of developments in regenerative medicine due to low healthcare expenditure.
But however, research and developments with adequate influx of investments and funding are progressing towards economical commercialization of such intricate medical procedures.

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Regenerative Medicine Market Players Perspective:

Vertex Pharmaceuticals Incorporated, Medtronic Plc, Allegan Plc, Smith & Nephew Plc, Nuvasive, Inc, Cytori Therapeutics, Inc, Vericel Corporation, BlueRock Therapeutics, Octane Biotech Inc, and Theracell Advanced Biotechnology Ltd are some of the key players functional and effective in the regenerative medicine market.
Vertex Pharmaceuticals Incorporated, revealed on February 12, 2018 that their third medicine SYMDEKO™ got approved by FDA for cystic fibrosis (CF), a genetic disorder that affects mostly the lungs, but also the pancreas, liver, kidneys, and intestine. Such developments curate the future revenue for regenerative medicine market.

Regenerative Medicine Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the regenerative medicine market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the various researches in regenerative medicine market, and their specific applications in different types of ailments. 

Regenerative Medicine Market Report: Industry Coverage

By Products: Analyzers, ReagentsEnd Users: Hospitals, Clinical Laboratories, AcademicsBy Applications: Oncology, Microbiology, Others
The regenerative medicine market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

• North America: The U.S., Canada, Mexico
• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
• Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
• Middle East and Africa: Israel, South Africa, Saudi Arabia 

Nebulizer is a kind of medical device which helps in converting the drug into mist and also delivers it directly to the lungs. Nebulization is commonly utilized for the treating respiratory diseases which includes cystic fibrosis, asthma and COPD. Several devices are used for the process of nebulization. Nebulizer treatment is offered when it is not possible to use an inhaler. Asthma inhalers differs from nebulizer which can also be labelled as an asthma device. In case of inhalers medicine has to be inhaled by the patient but nebulizers simply allows you to breathe and address medicines directly to the lungs. Inhalers are of two types, metered-dose inhalers (MDI) and dry powder inhalers.Global, development of efficient and advance technology and prevalence of respiratory diseases like asthma coupled with growing aged population are the prime growth drivers of global Nebulizers market and home healthcare devices as well. Portable nebulizers are being highly adopted which can be considered among the latest market trends due to the ease and convenience of its use. It is forecasted via acute analysis to experience a robust growth in terms of market size and worth.  Emerging economies such as China, India and others, are going to create new opportunities and demand for global Nebulizers market and definitely add to its value.  Surge in demand for home healthcare devices and rising geriatric population are among the key factors to enhance the growth in industry and revenue in Nebulizer market globally. However, higher cost of the research and development, dispersion and wastage of the drug during delivery to the respiratory tract and availability of nebulizer substitutes and higher cost prices of interventional devices are the key restraints for global Nebulizers market.

Geographically North America dominated global Nebulizers market, with approximately half of the world’s procedures being done in the U.S. because of increasing prevalence of respiratory diseases coupled with increasing patient awareness level. Growth in home health care devices, high prevalence of respiratory disorders, aging population are forecasted to be the key factors aiding the growth in terms of size and revenue as well and have also contributed in the dominant share spectrum of these devices. Europe is projected to have the fastest growth, owing to increasing geriatric population base and is expected to follow North American market. APAC market is anticipated to be the most profitable market owing to greater available opportunity. 
This report recognizes the global Nebulizers market size in for the year 2014-2016, and forecast of the same for the year 2021. It also highlights recent industry trends, developments, dynamics, market drivers, market trends, restraints, growth indicators, challenges, market outlook, future outlook and other key aspects with respect to global Nebulizers market.
This report segments global Nebulizers market on the basis of type, procedures, and regional market as follows:

• Nebulizers Market, By Product Type (Ultrasonic nebulizer, Portable, Stand Alone, Pneumatic, Breath-Actuated, Vented, Mesh, Vibrating mesh, Static Mesh). Standalone and Portable are sub segments of Pneumatic nebulizer and Ultrasonic nebulizer. 
• Mesh nebulizer segment is expected to experience the highest surge over the forecast tenure owing to the efficacy and effectiveness of these devices.
• This report has been further segmented into key regions, which comprehends comprehensive analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region.

This report identifies all the major companies operating in the Nebulizers market. Some of the major companies’ profiles in detail are as follows:

• Allied Healthcare Products, Inc
• Omron Healthcare Co
• Covidien plc
• GE Healthcare Ltd
• Philips Healthcare.                                                    

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Pipe Coating Market OverviewPipe Coating Market is forecast to reach $12.64 billion by 2026, after growing at a CAGR of 4.5% during 2021-2026. Globally, the need for smooth transportation of oils and acids, and higher shelf life, the construction of infrastructure, stringent government regulations for the environment and health safety (EHS) around the globe, and the shale gas production activities in North America are the prime growth drivers of global pipe coating industry. In addition, emergence and growing emphasis on mobile coating technologies, rise in acceptance of pipe coating for applications in a newer industry vertical, and emerging economies such as China, India and others would generate new opportunities for global pipe coating market. However, the main constraints for the global pipe coating industry are higher pipe coating prices and an oversupply condition for crude oil. 

Pipe Coating Market Report Coverage

The report: “Pipe Coating Market report – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Pipe Coating Market.By Material Type: Thermoplastic, Metal, Fusion Bonded Epoxy, Concrete Weight, and Others Formulation Base Type: Water base coatings, Solvent base coating, and Ultraviolet curable (UV) By End-User: Oil & Gas, Industrial, Chemical Processing, Municipal Water Supply and Others.By Geography: North America, South America, Europe, APAC, and RoW. 

Key Takeaways

• The high demand is due globally to the rising pipeline industry. In addition, demand is powered by rising technical developments in the market for pipeline coatings.
• The oil and gas sector has dominated the industry and is likely to expand over the projected period, with pipeline infrastructure growing along with oil and gas exploration and development activities increasing.
• During the forecast era, growth in deep-water exploration and development activities and industrial growth in the Middle East & Africa are expected to create opportunities for the market under research. 
• However, the end-use industries are being significantly affected due to the COVID-19 pandemic, as most of the countries have issued “stay at home guidance” i.e., lockdown. This factor is limiting the market growth in current situation.

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Pipe Coating Market Segment Analysis – By Material Type

Thermoplastic sector has dominated the market for Pipe Coating Market in 2020. The most commonly used category of pipe coatings is thermoplastic polymer coatings, which consist of PE, PP and PU coatings used in polyolefin coatings. As they have the additional advantage of thermoplastic polymer coatings and fusion-bonded epoxy coatings, 3LPE or 3LPP coatings are now favoured on a wide scale. In the oil & gas industry, they are largely included.

Pipe Coating Market Segment Analysis – By End-User

Oil & Gas sector has dominated the market for Pipe Coating Market in 2020, by growing at a CAGR of 4.1% by growing at a CAGR 2021-2026. In the oil and gas field, pipes are needed for offshore and onshore petroleum production and refineries. In the petroleum field, upstream, midstream, and downstream pipes are needed. It then creates a greater demand for coatings for pipes. Epoxy pipe coating is used widely in the oil and gas industry, as it is resistant to high temperatures, contaminants, and corrosion. Harm occurs without pipeline corrosion safety, resulting in system breakdown and lack of production time. The punishing consequences of additives, water, and sea salt spray are the product of tubing, valves, fasteners, and appliances. In difficult offshore conditions, industry-standard hot-dip galvanized, cadmium and zinc-plated coatings lack toughness and deteriorate. However, patented gas pipe coating materials for metal coatings reduce the effects of rust and abrasion and increase the lifespan of expensive appliances.  Exploration and development have begun to increase across the globe with recovery rates in the oil and gas sector. The North Sea, North America, and Middle Eastern areas are seeing a significant rise in offshore oil & gas exploration and development activities.

Pipe Coating Market Segment Analysis – By Geography

APAC dominated the Pipe Coating Market share with more than 37.3%, followed by Europe and North America. The industry demand analyzed is driven by rising demand from the oil and gas, chemical, mining, water and wastewater, agricultural and construction industries for pipeline infrastructure. Countries such as India, Indonesia, China, Vietnam and Singapore have experienced strong growth in the Asia-Pacific construction market, as demand for construction pipes has risen in the region. In addition, gas projects are likely to be built in Indonesia and Malaysia, with pipeline projects in these countries projected to rise. The highest proportion of total gas supplies to be built was accounted for by Malaysia. In addition, water treatment facilities in the area have also been rising due to many reasons, such as growing restrictions on the environment, increasing shortages in the availability of freshwater, and increasing demand for water for industrial use. With all these industry developments, the demand for pipes from these industries has risen, which is expected to further drive the demand for the region’s pipe coating sector.

Pipe Coating Market Drivers

Increasing demand of Pipe Coating

The rapid growth of end-user industries such as the oil and gas industry has raised the demand for process pipe coating, the main factor driving the process pipe coating market. The pipes by which the fluids are carried should be well maintained in order to prevent leakages. The government is enforcing stringent regulations on VOCs, thereby increasing the need for advanced and eco-friendly goods such as water-based coatings to expand the process pipe coating industry. The government’s growing emphasis on upgrading potable water facilities and sewer lines is another aspect that would have a positive effect on the development of the sector.

Pipe Coating Market Challenges

Volatility in raw material prices

One of the main problems for producers is uncertainty in the costs of raw materials for pipe coating. The main threat facing the process pipe coating industry is the rise in the cost of raw materials, which in turn raises the cost of production, which adversely impacts the development of the market. Over the projected period, increasing raw material prices, which further add to the cost of production, may prove to be a major challenge for the global process pipe coating industry.

Pipe Coating Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Pipe Coating Market. Major players in the Pipe Coating Market are PPG Industries Inc., Akzo Nobel N.V., Shawcor Ltd., Sherwin-Williams Company, and Axalta Coating Systems Ltd., Arkema, Wasco Energy Group of Companies, 3M Company, Specialty Polymer Coatings Inc., and Seal for Life, among others.  

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Acquisitions/Product Launches:

• In September 2019, Capital Paints LLC (UAE), which specialises in architectural powder coatings, was bought by Axalta Coating Systems Ltd. This purchase is intended to provide local consumers in the oil & gas and architectural sectors with improved support and technical resources, while also allowing the company to penetrate the Middle Eastern markets.
• In March 2019, At Powder Coating 2019 under the brand name PPG ENVIROCRON at the Renaissance Orlando at Seaworld in Florida, PPG Industries Inc. launched a new series of extreme safety edge coatings.
• In September 2017, In order to manufacture a large variety of organically modified speciality silicones, Shawcor Ltd. has begun a new plant in Shanghai, China. Products produced in batch processes are used in applications involving polyurethane, paints and coatings, as well as in a number of industrial applications.
• In June 2017, The Sherwin-Williams Group, under the terms of the merger agreement, purchased The Valspar Corporation (US).
• In December 2016, The purchase of BASF’s global industrial coatings company was completed by Akzo Nobel, improving its role in the coatings industry. The deal encompasses the related inventions, patents and trademarks, as well as two production centres in the United Kingdom and South Africa.

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Pregnancy products are the products dedicated to deal with the physical changes in a pregnant women during and after pregnancy. Pregnancy period involves many hormonal changes affecting physique, skin, hair, nail and many other parts of a woman body. These products are aimed at minimizing the effects of pregnancy on the women’s physique and is gaining popularity in the large part of the world. Increasing awareness and disposable income in developing nations is expected to drive the demand for the pregnancy products in the developing economies. However, higher prices and side effects of using such products is expected to be key restraint in the growth of the of the pregnancy products dung the period of the study.This report identifies the global pregnancy products market size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to global pregnancy products market. 

Geographically, North America dominated the pregnancy products market due to higher demand of the pregnancy products in the region due better post pregnancy care, higher awareness about such products and higher disposable income. North America was followed by Europe and Asia-Pacific as the second and third largest markets for pregnancy products. Asia Pacific is projected to have the fastest growth, owing to higher number of expecting mothers, increasing awareness about pregnancy products and rising disposable income the major parts of the region especially in the major regional economies such as India and China in the region. 

This report segments pregnancy products market on the basis of product category and regional market as follows:

• On the basis of product category this report on pregnancy products market is segmented as follows, covering all major product categories as follows: Stretch mark minimizer, Body restructuring gel, Toning/Firming lotion, Breast cream, Nipple protection cream, Itching cream and Others
• This report on pregnancy products has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region

This report identifies all the major companies operating in the pregnancy products market. Some of the major companies’ profiles in detail are as follows:

• Mama Mio US Inc.
• E.T. Browne Drug Co., Inc.
• Clarins Group
• Expanscience Laboratories, Inc.
• Nine Naturals, LLC

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Global Battery Market: Overview

The rapid increases in battery technology are gaining demand mostly from consumer electronics. Technologies such as grid power, industrial, and domestic storage are boosting the prospects of the battery market. As per the recent findings by US Department of Energy, it is projected that by year 2020, the annual battery production will reach 10,000-500,000. The growing production including import and export of batteries worldwide offered opportunities worth $115.62 billion in 2018, and the global battery market will prosper at a compound annual growth rate of 8.21% during the forecast period of 2019-2025.
APAC is most lucrative, leading with a regional share of around 31.09% in 2018. Growing disposable income among urban populations in the region is leading for high demand for plug-in hybrid and electric vehicles. Furthermore, growing government policies of using non-toxic products that do not affect the environment are influencing the growth of the battery market in the region.

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Global Battery Market: Outlook

Battery is the device made up of one or more than one electrochemical cells. Battery works on a principal of electromotive force. The increasing demand for portable batteries requires the fastest charging function, which is relatively known as lithium iron phosphate (LiFePO4) battery technology.
The major applications in battery market are automotive and consumer electronics, with lead-acid batteries extensively used in vehicles. Moreover, increasing concerns towards sustaining fossil fuel reserves and increasing prices of petrol and diesel is leading to a change in the automotive industry, moving towards electric vehicles, which is stroking the battery market. Superior performance and durability of lead-acid and other batteries are gaining demand in the automotive sector. Also, rising use of mobile phones along with other consumer electronic devices demands for an external portable battery that are gaining traction from various consumers which will stroke the growth of battery market with CAGR of 6.97% through to end period.

Global Battery Market: Growth Drivers

• Growing concerns towards environment globally as well as decreasing oil reserves are the main factors for the increasing demand for battery for electric vehicles. Advances in battery technology have led to, faster charging, higher energy densities, and reduced battery degradation. Combined with the expansion of motors with higher evaluation and consistency, improvements in battery chemistry have reduced costs and upgraded the enactment and proficiency of vehicles.
• Rise in disposable income and increasing use for smartphones among the population across the globe, in turn, is excelling the demand for battery used in smartphones. 
• The increased focus of the governments towards reducing greenhouse gas (GHG) emissions, the rise in a number of power outages, and the availability of manufacturers who provide lithium iron phosphate batteries at comparatively lower prices, are major factors that will drive battery market growth.

Global Battery Market: Trends

• Aqueous lithium-ion batteries are less heavy, durable, and they can be manufactured in different shapes hence these batteries have been great interest for military use.
• LIB batteries are less flammable in nature that makes them engaging for industries that prioritize safety over energy density such as airplanes and submarines.
• Manufacturers are constantly improving lithium-ion with new enhanced chemical combinations to increase the battery aging life. Increasing demand for wearable devices can boost the battery market performance.
• Researchers are now considering replacing of lithium ion batteries with ions and electrolytes such as zinc, aluminum, magnesium, and sodium. These batteries will be cheaper and potentially safer, that will help companies to propel in battery market.
• Energizer recently launched a smartphone with a whopping 16,000mAh battery. This development will influence other manufacturers in the battery market.
• Firefly is the innovative development in battery market. This power bank is combined with the power to charge other devices, water resistant along with LED and great sounding wireless music. This innovation is gaining a lot of traction from the population more engaged in outdoor activities such as camping.
• A company named Pisen in 2017 developed a laser pointer power bank. This laser power bank battery is so efficient that with one charge it can work for a whole year. The battery capacity is very powerful that it has been chosen by over millions of customers all over the world. 

Global Battery Market: Challenge

Over the development in the battery industry, lithium batteries have become a crucial part of the electric vehicles (EV). The growing demand of EV are influencing the battery market but with some of the challenges faced by the industrial designer and manufactures there are urgent need to find the solution. These batteries are of high power and more complex in manufacturing. The battery life of vehicles degrades with time due to several factors such as high temperature and also affects the performance of the running vehicles. In order the cool the batteries, adding of coolants while manufacturing is one of the solutions to overcome the challenge and maintain the shelf life of the battery. 

Global Battery Market: Key Players Perspective

Some of the major companies in battery market are Delphi Automotive LLP, Samsung SDI Company Limited, Toshiba Corporation, Delphi Automotive LLP, Panasonic Corporation, LG Chem, Saft Groupe SA, GS Yuasa Corporation, Trojan Battery Company, and A123 Systems.

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Battery Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Battery Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Battery market, and its segmentation on the basis of product type that includes Primary or Non-Rechargeable, Secondary or Rechargeable and by Application watches, calculators, mobile phones, camcorders, computers, cars, trucks, buses, locomotives, satellites, robots, and submarines.

Battery Market Report: Industry Coverage

The report analyses the product demands by the Battery Market on the basis of end-user industry that includes Aerospace, Defense & Military, Electrical & Electronics, Marine, Medical, Mining, and Automotive. The Battery market report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:

• North America: The U.S., Canada, Mexico
• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
• Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
• Middle East and Africa: Israel, South Africa, Saudi Arabia

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The Global Corporate Wellness Market revenue is $48.41 billion by 2017 and forecasted to grow at a CAGR of more than 5.5% during 2018 to 2023 to reach $billion. Progressively, Large Scale Organizations holds maximum revenue of $28.06 billion in 2017. By Service, Health Risk Assessments (HRA) usage is very high as its revenue is $9.03 billion followed by Stress Management with $8.86 billion in 2017 which are driving the market. In North America, Alcohol & Drug Abuse services records $2.04 billion in 2017.Eventually the market is in full force to emerge in all required means to stand competitive.What is Corporate Wellness Market?
Corporate Wellness is important as most of the employees in an organization are suffering from various diseases like hypertension, depression and so on. Excellent employee benefit programs can improve the financial, mental and physical health of employees and to mitigate costs associated with healthcare and turnover. Healthy employees can spend less on health care, take fewer sick days which gives more productive output. Evolving industrialization in growing economies reduce the incidences such as, hypertension and other diseases like diabetes with diabetes management. Increase in government initiatives such as health screening programs for employees which are predicted to lead the corporate wellness market as companies are set to take advantage of the opportunity. 

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This report incorporates an in-depth assessment of Corporate Wellness Market by Service, Category, End-User and Geography.
What are the Major Applications for Corporate Wellness Market?
The various end-users assessed includes Small Scale Organizations, Medium Scale Organizations and Large Scale Organizations. Large Scale Organizations increase the productivity, health and employees can reduce the absenteeism which might lead to achieve organizational goals faster and better. Corporate wellness increases the morale of the employees. In Small and Medium Scale Organizations, Corporate Wellness will increase trust, communication and respect which helps to reach it to higher management people. 

Market Research and Market Trends of Corporate Wellness Market

• Financial health is an emerging element where employees experience significant stress, related to financial issues and companies are now ready to bear the health responsibilities of their employees. Predictions in funding elements like education, assessments and action plans, soon they are going to emerge as an offering of corporate wellness programs. Wellness programs for employees are increasingly an important tool to attract top talent and improve the quality of life for their workforce. These growth in the Wellness and Health promotion, market is a way for the companies to collect the highest return on your valuable employee wellness program investments.
• The power of incentives will affect the employee wellness outcomes, they are becoming more popular, plentiful and inventive. Some companies in U.S. are using the lottery system with exciting prizes like theater or sports tickets to encourage employees to make better choices when it points their mood. As these wellness programs are to engage, encourage and reward their employees, the incentives become more creative and in some cases, more lucrative for the employee. These aspects are influential as most of the companies are attracting towards this, where it is not only increasing productive work but also it helps to thrive the growth of the company.

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Who are the Major Players in Corporate Wellness market?
The companies referred to in the market research report includes Well Nation, Virgin Pulse, Provant Health Solutions, ComPsych, Aduro, Inc, Beacon Health Options, ComPsych Corporation, EXOS, Fit bit Inc, Competition Matrix, Central Corporate Wellness   and more than 20 companies.
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Key Takeaways from this Report

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
• Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
• Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.

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• Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
• Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market. 

OverviewFurfural market size is forecast to reach $735.3 million by 2025, after growing at a CAGR of 4.8% during 2020-2025. Furfural is a highly valuable chemical compound. It is colorless, motile, and clear liquid that has a distinct almond benzaldehyde odor. It is also commonly called as furfurol, fural, 2-furfuraldehyde, 2-furanaldehyde, furaldehyde, and 2-furancarboxaldehyde. It is generally produced from the agricultural biomass that has pentosans. The major drivers for the furfural market are the tightening of regulations globally in regards to air pollution standards. Furfurals are green chemicals as the raw materials are extracted from the Agricultural feedstock and lignocellulosic feedstock. The other driver is the public awareness towards the inadequate sources of fossil raw materials. Furfurals replace these fossil materials and are used as alternatives. The rise in demand for non-toxic furfural as solvents in refining petroleum is also a driver in the furfural market.

Report Coverage

The report: “Furfural Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Furfural Market Industry.By Process: Quaker Batch Process, Chinese Batch Process, Rosenlew Continuous Process and Others.By Raw Material: Corncobs, Rice Hulls, Cotton Hulls, Sugarcane Bagasse, and Others.By Application: Solvents, Flavor Enhancers, Gasoline Additives, Decolorizing agents, Resins, Fungicides and Others. By End-User Industry: Agriculture, Paints and Coatings, Pharmaceuticals, Food and Beverage, Refineries, Chemical and Others. By Geography: North America, South America, Europe, APAC, and RoW

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Key Takeaways

• New product developments and increasing investments in research and development of furfuryl alcohol are expected to drive the growth of this market.
• Among end-user, agriculture segment is projected to lead the fufural market during the forecast period.
• Asia Pacific dominated the furfural market.

By Process – Segment Analysis

Chinese Batch Process segment held a significant share in furfural market in 2019. This process is majorly used in China, which is the largest manufacturer across the globe. Quaker batch process is one of the oldest manufacturing processes, while others are modified versions of the former processes. The major difference between the Quaker batch and Rosenlew continuous processes is that the former uses sulfuric acid as a catalyst, while the latter does not require a separate catalyst.

Rosenlew continuous process is the simplest of all, has trouble-free operation characteristics, and needs comparatively less maintenance. However, this process is not preferred by small- and medium-scale manufacturers as it uses a large quantity of steam, and the production yield is low, thereby resulting in high production cost. The majority of the manufacturers prefer the Chinese batch process as it is inexpensive.

By Raw Material – Segment Analysis

Corncobs segment held a significant share in furfural market in 2019. The yield from corncob is the maximum, thus, marking corncob the most desirable raw material for production. In addition, corncob, when used as a biomass feedstock, delivers promising opportunities for renewable energy creation. Sugarcane bagasse is a significant agro-industrial byproduct. Large quantities of sugarcane bagasse are easily accessible at low cost in several sugarcane-processing manufacturing facilities, including sugar mills and independent distilleries. Furthermore, a gas-fired boiler in sugar mills can be used to increase the production of bagasse to obtain it as a raw material for production. The storing of bagasse is expensive and complicated, so a furfural unit must be positioned near a sugar mill.

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By Application – Segment Analysis

Solvents segment held a significant share in furfural market in 2019. Furfural is used as a solvent in refining of variety of operations and processes such as butadiene extraction, lubrication oils, and others. Furfural is majorly used in the manufacturing of furfuryl alcohol. It is industrially produced by the catalytic hydrogenation of furfural under high pressures. It is widely used in the plastic and resins. With the growing research activities in the field of rocketry fuel, the consumption of furfuryl alcohol is likely to boost the market for furfural. Furfuryl alcohol is majorly used for the production of furan resin that is used as a foundry sand binder. According to the IKB Deutsche Industriebank, the foundry industry is expected to grow in the coming years, majorly driven by the emerging markets. The growth of the foundry industry is expected to increase the demand for foundry resins. This, in turn, is likely to drive the demand for furfuryl alcohol, globally. 

By End-User Industry – Segment Analysis

Agriculture segment held a significant share in furfural market in 2019 growing at a CAGR of XX% during the forecast period. Owing to their use in revolutionized pesticides, fungicides, herbicides, and other synthetic chemical compounds, Agriculture industry is expected to dominate the market. However, agricultural formulations will continue to grow at the highest CAGR during the forecast period owing to support from government organizations to promote the adoption of bio-based pesticides, fungicides, herbicides, and other chemical compounds. The product is also used as a weed killer in horticulture. It is a contact nematicide, mechanically incorporated or moved into the soil during irrigation, and used in reasonably low concentrations. As an agrochemical, it is comparatively harmless and easy to apply.

Furfural is used as an intermediate in the synthesis of pharmaceuticals and as an essential fragment of pharmaceutical building blocks. The product is recorded as an active ingredient in veterinary products in Drug Products Database. Moreover, in petroleum refineries, solvent application of the organic compound is used.

The COVID-19 pandemic and subsequent halt in manufacturing activities shall have an impact on the supply availability of a variety of renewable chemicals. Furthermore, current disruption in trade shall also gravely impact the availability of chemical stocks in import-dependent countries.

Geography- Segment Analysis

Asia Pacific dominated the furfural market with a share of more than XX%, followed by North America and Europe Asia-Pacific region is holding a major share of the market in the consumption and production of furfuryl alcohol with the increasing population and the concern for renewable materials. In addition, Asia-Pacific is leading market for furan foundry binder resins, which is produced with the help of furfuryl alcohol. Therefore, strong demand for furfuryl alcohol in Asia-Pacific is supporting the growth of the furfural industry in this region. . Low manufacturing costs, increase in disposable incomes, and availability of raw materials in Asia Pacific drive the market in the region.

Drivers – Furfural Market

Growing demand for furfuryl alcohol

Furfuryl alcohol is a chemical, which is derived from furfural. Furfuryl alcohol plays a vital role in the production of foundry sand binders due to its high reactivity. This alcohol has been extensively used for producing cores and mold for metal for many decades. It is also used in the production of tetrahydrofurfuryl alcohol (THFA), which is widely used in the pharmaceutical industry. According to the World Foundry Organization, the foundry industry is expected to grow by 13.0-14.0% until 2025 in India, which is expected to be the second-largest foundry market in the world, after China. Therefore, the growing foundry industry is leading to the demand for furfuryl alcohol, thereby boosting the market for furfural. 

Challenges – Furfural Market

Availability of crude oil-based alternatives

The availability of crude oil-based alternative products, which are relatively cheaper, is restraining the market for furfural. Furan resin is used in the foundry industry for preparing binders. However, phenolic resin, which is obtained from crude oil, is cheaper than furan resin, according to various primary respondents. Also, butanediol (BDO) is used in polytetramethylene ether glycol (PTMEG) for the production of spandex, which is used in the textile industry. THF, which is a derivative of furfural, can be used for the production of spandex, but its higher cost due to the processing of furfural makes it less preferable than BDO.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the furfural market. In 2019, the market of furfural has been consolidated by the top five players accounting for xx% of the share. Major players in the furfural market are Central Romana Corporation, Ltd., Hongye Holding Corporation Ltd., Illovo Sugar Ltd., Lenzing AG, Penn A Kem LLC, Silvateam SpaIN., Tanin Senvica d.d., Aurus Specialty Company, Henan Huilong Chemical Co., Ltd., Shandong Crownchem Industries Co., Ltd., and Tieling North Furfural (Group) Co., Ltd. among others.
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Geographical Expansion

• In 2016, an India-based Company, KRBL set up a furfuryl alcohol plant at Bhasaur, Dhuri District, Sangrur in the state of Punjab at a total cost of more than US$ 2.0 Mn. The company, through this plant, intends to convert furfuryl oil into refined furfuryl alcohol, as there is huge demand for furfuryl alcohol in India.

“We also publish more than 100 reports every month in “Chemicals and Materials”, Go through the Domain if there are any other areas for which you would like to get a market research study.”