Collaborative Product Definition Management Market Comprehensive Insights and Capacity Growth Analysis 2014-2025

Collaborative Product Definition Management or Collaborative Product Development Management (CPDM) Market is expected to witness high growth in the forecasted period owing to the increasing awareness among individuals or organizations to reduce cost and time through Product Lifecycle Management. It is basically a business strategy that collects software applications which allow different organizations to work together on developing a product. It helps companies or individual users to view, manage and share the Computer Aided Design projects without incurring much cost and complexity in purchasing an entire Product Lifecycle Management (PLM) solutions.

PLM is a strategic business approach that applies a consistent set of business solutions to help the collaborative creation, management, and dissemination across the extended enterprise from the concept to end of life. CPDM also allows the organization to maintain system architecture, deployment of security mechanism, and prototype development and enables them in forming a collaborative architecture, shared resources and shared team spaces to work together as virtual teams.

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CPDM help in effective product data management, collaborative product commerce, collaborative product visualization, effective integration of CPDM with enterprise applications and supplier relationship management. Its solutions assist in manufacturing and production processes for efficient business operations. Ultimately, it helps in bringing innovative and profitable products that enables in evolving the e business web based environment.

These software solutions are adopted by industries such as electronics, automotive, industrial machinery, aerospace, defense, petrochemical, and process packaged goods. Automotive manufactures face product recalls across wide ranging categories due to which PLM software such as CPDM, CAD, CAE and CAM help them in reducing defects which eventually help them in catering maximum demand. Increased investments in R&D and growing demand for improved safety features are some of the factors that drive the growth of the market.

Key drivers that propel the market are increasing competition, demand of new product development, cost reduction, and increasing integration between different industries. Other factors that help in CPDM are product development, product costing, engineering collaboration, and ease in using PLM solutions. The need of CPDM comes from the increasing PLM applications which are catered by expanding global R&D footprint, and accelerating product development.

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The market is segmented geographically into North America, Europe, Asia Pacific, Latin America and Middle East. North America and Europe regions account for the highest market share due to the presence of large companies that provide Product Lifecycle Management solutions, and due to the awareness among enterprises to integrate business processes. Particularly in North America, the US is expected to remain global leader in the market, as it accounts for many firms that are dedicated in collaborative product definition management.

The Asia Pacific region is expected to witness the fastest growth in the market as it has many companies that are moving towards PLM solutions to reduce cost and time. On the other hand, the Middle East & African region is a high potential market which still needs attention to work on collaborative product development management. These regions generally have oil refineries companies which still can be integrated with other companies to provide PLM solutions. Major players that provide CPDM solutions in the market are Dassault, Siemens, PTC, Synopsys, Deloitte, HP, TCS, Capgemini, and Accenture. These companies are playing a major role in providing PLM solutions and have expanded themselves from the traditional services such as the installation of software to being an integral part of the company through real time monitoring in product development basis.

The company Siemens provides PLM software which is specialized in 2D & 3D product lifecycle management. Its products include NX, CAD/CAE/CAM, Team Centre, an integrated set of PLM and collaboration tools, Technomatrix, and Velocity Series. Whereas the company Dassault Systems is a European multinational company that develops 3D design, 3D digital mock up, and product lifecycle management solutions. Its product includes CATIA, Solidworks, DELMIA, SIMULIA, 3DVIA, EXALEAD and NETVIBES. Its product DraftSight is a free 2D CAD program which is free for individuals and compatible in .DWG format to provide PLM solutions in various ways.

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Enterprise Search Market Production, Consumption,Forecast and Analysis by 2024

The global Enterprise Search Market is anticipated to reach USD 8.90 billion by 2024. Global enterprise search demand is expected to witness a steady growth on account of increasing use of data. Enterprise is designed to make content available to the users from multiple sources including databases and intranets. Enterprise search software has structured as well as unstructured data in their collection. They form a vertical search for any enterprise.

Time-saving information and cost efficient search solutions are the key factors driving the overall enterprise search market. Data management has turned out to be a crucial activity as a result of increasing data volumes. Data is madeavailable to the user through various databases, emails, data managements systems and intranet. Time saving is another factor which is expected to drive the overall industry in near future. Enterprise search solution enables quick search of information and therefore saving operational time. This helps in increasing the productivity and efficiency. It also adds a security layer by disallowing data access for unauthorised users.

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These applications software as a service (SAAS) and cloud computing have provided bright prospects for overall industry growth. Development of technology and high demand of necessary information has favoured the market growth in recent years. High implementation cost is a major barrier to overall industry growth. Furthermore, high costs associated with maintenance and installation cost is expected to pull down the market in near future. Also, lack of skilled technical support staffing has been hindering the industrial growth in recent years. Availability of alternatives in the form of online search engines is expected to offer challenges in near future.

Companies in various sectors are expected to invest in enterprise search applications. These investments come in the form of new implementations or updates. The various verticals where these applications are primarily expected to be implemented include banking, financial institutions, logistics, military, telecommunications, and healthcare, retail, energy, and government institutions. Increasing demand from these sectors provides great opportunities which in turn are expected to propel the overall market growth over the forecast period.

Banking and finance are anticipated to be the most lucrative industry in near future. Data sharing and interconnectivity is the major factor for driving the industry in the banking sector. Government and educational institutes are expected to show great opportunities over the forecast period on account of increasing use of intranet for data sharing. Healthcare sector has been using this technology to obtain information associated with critical treatment. Military, aerospace, media, entertainment and construction are other end use industries which offer significant prospects for enterprise search applications.

North America has been the major market on account of computerisation. The dominance is expected to continue with major demand from financial and government sector. High investments from the government have led to innovative solutions for various departments. Regional demand is followed by Asia-Pacific mainly on account of the high presence of emerging economies including India, China, and South Korea. Large scale implementation in the retail, banking, IT and telecommunication has propelled the demand in this region.

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Europe has shown a steady growth in recent however the market showed a decline owing the economic turmoil. Manufacturing sector provides great opportunities in Europe especially in countries such as Germany, France and Austria. South America and Africa is expected to witness a slow growth mainly on account of lack of IT infrastructure and absence or underdeveloped application industries.Key players in the industry include IBM Corp, Polyspot & Sinequa Inc, Coveo Corp, HP Autonomy, Lucidworks, Esker Software Corp., Perceptive Software Inc, Expert System Inc, Dassault Systemes Inc, and Marklogic Inc. Companies have been focusing on entering into a strategic collaboration in order to provide diverse market solutions and create their presence in niche markets.

Merger and acquisitions have been a recent trend seen in the market in order to increase the product portfolio and cater to untapped markets. In 2012, IBM acquired Vivisimo with an intention to help customers in taking better decisions. OmniFind is an enterprise search service by IBM which provides enhanced capabilities. OmniFind is a bundled product along with Infosphere and Biginsights. The HP autonomy has content management applications which help customers eradicate problems related to productivity and large data volumes. After sales service is a key component in increasing client satisfaction. This is achieved by the organisations by deploying training and customer support to improve overall business performance. Vendors focus on establishing separate sales and marketing channel for acquiring customers, mainly through undertaking complete IT implementations. Companies are working on research and development especially in the field of robotics. They are also trying to integrate artificial intelligence with mobile technology.

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Application Delivery Controller Market Share, Size, Growth, Segment, Analysis and Forecast 2024

The Application Delivery Controller Market accounted for USD 2,740.4 million in 2015 and is anticipated to reach USD 4.34 billion by 2024, with a CAGR of 5%. The technological advancements increasing the overall data centre traffic volume due to the increased number of internet subscribers and the need for advanced application services act as the key market driver of application delivery controller. The ADC is designed to meet technical requirements by providing availability, scalability, better performance to keep the applications and servers running in their most efficient time limit. The percentage share of global data centre traffic by equipment type cloud will increase from 59.5 to 77.4 and hence increasing the ADC demand over the forecasting period.

The first generation ADC’s offering simple acceleration and load balancing are being replaced by advancing applications such as compression, cache, connection multiplexing, SSL offload and content switching along with load balancing that optimizes and secures business critical application flows. ADC are also heavily relied upon for their monitoring capabilities they can check a server’s health and efficiency. If the monitoring indicates that a particular server is experiencing any problem, it will direct to an alternate server avoiding a potential disruption.  High bandwidth usage also acts as a driving factor for ADC. Due to the availability of internet in every corner, consumers tend to use more web services which leads to problems such as latency, incorrect PC configuration, Packet loss, audio streaming, large downloads and unauthorized usage of network.

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Communication service providers need to rapidly deploy innovative and revenue generating services that demand a highly efficient network infrastructure that reliably supports high capacity and offers high availability, defends against security threats reducing latency and providing superior experience to the users. In order to satisfy all their needs mobile service providers

Increasing demand for security applications to prevent malicious attacks and malware like SQL injection and cross-site scripting through the web to the devices is expected to drive the ADC deployment in security applications. The rising popularity of ADC in consolidated data centre and cloud computing in which, as the application demand fluctuates the customer should scale the capacity up and down to control the application flows.

Companies of all sizes can increase their efficiencies and have a better competitive stand by adopting appropriate networking technologies. Taking in consideration the E-commerce market, many customers tend to access the website at a single point of time for transactions thereby increasing the load and in a worst scenario the entire site can be taken down. The routers pass the traffic through the firewalls and then through the ADC which distributes the traffic to many database servers hence controlling the breakdown of the website.

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Usage of Smartphones and tablets increase the scope and span of enterprises thus leading to an increase in demand of ADC’s by the enterprises in order to maintain and balance the load. The adaptable, effective and flexible environment that SDN(Software defined networking) technology enables will require an ADC that support features like customized scripting and comprehensive API.

The current generation of ADC’s has packaged together a number of functionalities above the basic load balancing platforms with important features layer3/4 layer 7 balancing, load balancing methods, health monitoring, TCP multiplexing, Networking integration, high availability, application acceleration, SSL offload, Global Server Load balancing, Dodos protection, Web application firewall, central authentication, multi tenancy support and virtualization options.

The ADC is a critical routing Hub which is very difficult to replace it with another device as a primary network component in the modern data centres. The most potential growth for Application delivery controller is in Japan, Europe and Asia Pacific. The United States has a large number of enterprises that rely on ADC’s to manage network traffic and improve performance. Trends in network security, SDN device consolidation cloud or virtualization and future developments will impact the evolution of ADC’s. ADC Market is a consolidated market with the top most players sharing the maximum market share. Asia pacific ranks as the fastest growing market with a projected CAGR of over 8.1%. F5 Networks, Radware, Citrix Systems and A10 networks compose almost 70% of the market. F5 networks is one of the leading technology providers that optimizes the network based applications. Significant portion of its revenue is generated through ADC.

Many new improved ADC’s where launched by the market players to increase their profits. Citrix and radware launched new high scale carrier grade ADC into the market. A10 unveiled new thunder series application service gateways. F5 invested in new software based management solutions. A10 networks integrated Cisco ACI fabric with its thunder ADC’s. Brocade communication systems acquired the steelApp business unit of Riverbed Technologies in 2015 to expand on its ADC offerings.

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Glass Packaging Market Is Anticipated To Exhibit Higher CAGR Growth| 2012-2020

Global Glass Packaging Market is expected to witness lucrative growth in the upcoming years on account of rising trend for alcoholic beverages and increase in the number of the beer industry. In 2013, the size of the industry was projected to be USD 48.97 billion. An increasing number of beer industry and increasing demand for alcoholic beverages in Asia Pacific and Eastern Europe is anticipated to escalate the growth of the industry over the upcoming years. Glasses do not react with chemicals, and are reusable and highly sterile. Glass packaging has its wide applications in pharmaceuticals, personal care products, food & beverages, cosmetics, wines, beers and ciders.

Glass bottles exist in numerous colors, sizes and shapes. Beer, ciders and wines are packed in dark colored bottles owing to resistance for over-fermentation.Growing implementation of glass packaging in food & beverages coupled with pharmaceuticals sector in light of its non-corrosive property is anticipated to fuel the demand. Moreover, numerous features including non-permeability, recyclability, and no reactions chemicals makes it an appropriate packaging material for numerous applications which include beverages, soft drinks, medical and beer. Rising consumer health awareness coupled with improving living standards is expected to stimulate glass packaging demand in pharmaceutical sector.

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Glass being ecological coupled with various on-going research and development to improve packaging, and to develop glasses which are 50% lighter when compared to the traditional forms, thus, the demand is anticipated to witness enormous potential over the next few years. Metal cans and plastic bottles act as substitutes to glass owing to their low cost and light weight. Rising demand for metal cans and plastic bottles in aerosols, perfumes, and chemicals is anticipated to act as a restrain for the industry. Rising consumer awareness for hygiene packaging in food & beverage segment is expected to offer new opportunities over the upcoming years.

Alcoholic beverages were observed to dominate the global market which accounted for more than 50% of the market share. The sector is anticipated to witness noteworthy rise over the upcoming years in light of appealing appearance provided by glass when compared to plastic. Increasing demand for alcoholic beverages in numerous countries which include Germany, the U.S., India, China, and Brazil is expected to augment the market growth.

The beer was observed to account for a noteworthy volume share in light of its increasing consumption by the young age band, specifically in Asia Pacific and Eastern Europe. Additionally, accessibility of numerous graphics, color, and shape in the packaging of beer is anticipated to be an important factor stimulating the growth rate of the market. The sector is anticipated to grow at a CAGR of 4.8%. Growing requirement in pharmaceuticals sectors in light of its reusability and non-toxicity is anticipated to propel the market growth. In addition, growing pharmaceutical segment in the U.S., India, Canada, China, Brazil and Saudi Arabia will promote industry growth. Food & beverages segment is anticipated to decrease its share as a consequence of rising demand for flexible packaging such as plastics and paper.

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In 2013, Asia Pacific glass packaging market was observed to account for more than 35% of the global market share. The market is anticipated to progress on account of escalating applications of glass in numerous consumer-centric industries which include alcoholic beverages, pharmaceuticals and food & beverages in India and China. High accessibility of raw materials such as silica is anticipated to impel sector growth. In 2013, Europe market was valued at USD 15,713.2 million, and is expected to experience noteworthy growth on account of rising number of beer industry majorly in Germany and France. Furthermore, increasing implementation of glass packaging in Turkey and Russia is anticipated to augment the growth of the industry.

North America is anticipated to illustrate rise in pharmaceutical packaging in light of technological innovations coupled with growing manufacturing base. Saudi Arabia is projected to experience enormous growth probability in light of rising pharmaceutical industry over the next few years. Companies provide packaging for various uses including non-alcoholic beverages, spirits, beer, food, wine, chemicals, cosmetics, and pharmaceuticals. Moreover, on-going product advancements and technological innovations to make glass bottles lighter weight, thus decreasing the energy needed to transport and produce them are anticipated to open new growth opportunities over the upcoming years.

The key market players operating the market include Saint-Gobain, Owens Illinois Inc., Vetropack, Gerresheimer, and Ardagh were found to dominate the sector in 2015 and accounted for more than 33%. Few more participants include Tamron Co., Ltd., Piramal Glass Limited. Hindusthan National Glass & Industries Ltd., Amcor, Bormioli Rocco SpA, Stölzle-Oberglas GmbH, Nihon Yamamura, Koa Glass Co. Ltd., Wiegand-Glas, and Vidrala SA. The global industry is vastly fragmented in light of the existence of various medium and small sized companies. Numerous participants have to abide by the EU, the U.S. EPA and FDA regulations concerning to usage, disposal of glass and manufacturing.

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Machine Translation Market Share, Growth Rate, Key Players and Forecast 2022

The global Machine Translation Market is anticipated to reach USD 983.3 million by 2022. Increasing quantity of website content, growing requirement for cost competence in translation, and the huge quantity of language knowledge demanded exceeds the capability of human translation, which consecutively is expected to propel the machine translation industry. Globalization increases the demand to deal with the linguistic variety of local audiences and web content. The fabrication of content generated online, increasing the importance of business in budding markets, and the demand for allowing worldwide collaboration amongst employees is likely to drive machine translation industry growth over the forecast period.

Machine translation price are far inferior to that of conventional human translation. It is also rapid than human translation. It is commonly utilized for soaring volume content that would or else take gigantic resources for translation, and this is likely to fuel the machine translation industry. Accessibility of free of charge translation engines and shortage of translation accuracy is expected to restrain market expansion over the forecast period. Main restraints for the machine translation industry are a shortage of quality, demand for expert skills and editing, opposition from free translation service provider, and complexity in estimation & measurement of quality. One of the major shifts budding in the market is the incorporation of the translation procedures in the project plan.

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Many enterprises with a worldwide presence does not have a devoted multilingual website for reaching out to every region. This might obstruct their growth as various users globally might be capable to understand only in their inhabitant languages. Another major challenge obstructing the expansion of the industry over the forecast period is the creative marketing materials present in the market, which a machine is not able to grasp and demands human understanding for delivering & translation the definite meaning. This comprises certain legal documents and creative marketing content.

Consumers in the electronic market demands competent translation of document in direction to haste up time to market and publication processes. An electronics enterprise demands publishing to be completed in various languages to offer press releases, user manuals, for commercial, product launches and marketing catalogs. Machine translation service providers builds up customized engines for the customer in the electronics market that are well coincided with the industry’s particular terminologies and technological descriptions. The machine translation industry finds its functions in healthcare to enhance communication demands of physicians.

On the basis of application, the market can be segregated into automotive, medical, Electronics, healthcare, electronics, information technology, and others. On the basis of technologies, the market can be segregated into RBMT, SMT and others. The SMT (statistical machine translation) uses a model to create and analyse text in the aimed language in contrast to this RBMT (rule-based machine translation) uses linguistic rules over the sourced language, to create text in the aimed language. On the basis of the geographical region, this market can be segregated into North America, Asia Pacific, Europe and Middle east and Africa. North America is expected to capture maximum revenue over the forecast period.

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Machine translation is very effectual way of eradicating language barriers around various regions. The main factor responsible for the expansion of the North American machine translation industry is the growing number of government initiatives and service providers in the area. The presence of a huge quantity of service providers has assisted them to boost market expansion in the U.S. Google, Microsoft, two of the greatest technology providers are based in the North America who have made SMT (statistical machine translation) technology admired with their online engines. Increasing Globalization and requirement to deal with different cultural groups have to lead to the increased recognition of translation technology in Asia Pacific.

The increasing proliferation of smartphones and growing penetration of internet are likely to fuel machine translation market expansion in Asia Pacific over the forecast period. The demand to address various cultural groups and growing globalization is expected to fuel the expansion of the machine translation system in Asia Pacific. The main challenge of this market in Asia Pacific is the need for specialist skills, shortage of quality, complexity in measurement & estimation of quality, and increasing competition from free language conversion.

Some of the key players in the market are SYSTRAN, Lionbridge, Lighthouse IP, Lingotek, Cloudwords Inc, SDL PLC and Moravia IT. This market is less fragmented but the competition is expected to increase over the forecast period. As the need for customization and personalization of machine, translator is going to increase over the forecast period, which in return will fuel the need for innovation in this market.

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Vaccine Market Development Trend, Key Players & Investment Feasibility

The global Vaccine Market was valued at over USD 32.5 billion in 2015 and is expected to reach over USD 77.5 billion by 2024, at a CAGR of 10.3%. A lot of vaccines technologies that could assist in improved safety, effectiveness and deliverance are in progress, such as needle liberated administration, escalating the magnitude and long lasting existence of defensive immune responses provoked by vaccines at the same time as plummeting the dose, and enhanced vaccine stabilization.

The worldwide industry for vaccines is expected to nurture, owing to technical advancements in admiration to the expansion of new vaccines towards cancers, rising infectious diseases and allergies. The industry will acknowledge constant progress in delivery methodologies, vaccine design, and manufacturing in huge scale process. The industry is expected to witness a drift towards the expansion of customized vaccines. In addition, to which the requirement for cost effective and safe drugs for the cure of HIV infection, many cancers which could be dealt by therapeutic vaccines, will outstandingly fuel the market growth over the forecast period. Inside the healthcare market, the vaccine market was originally considered a small profit venture but is presently professed with transformed interest among market circles owing to its huge demand in regard to rising infectious diseases.

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In addition, an enhanced and considerate understanding of the immune system has cemented new prospects for making new therapeutic and preventive vaccines. Rapid advancements in consideration of the immune system and wish of medical society to engineer both therapeutic and preventive vaccines for a wide-ranging field of diseases are expected to fuel the changes in the managed care industry and medicine industry which in return is expected to fuel the growth of the market.

The expansion of worldwide Vaccine industry is partially fuelled by technical breakthroughs such as genome sequencing of contagious pathogens, sophisticated understanding of the immune system and its instrumentation of reaction, chased by a noteworthy influx of money from civic funding bodies, commercial organizations and private charity. Safety, the manifestation of adequately high efficiency and lack in a requirement of a reliable evaluation and development pathway are the main obstructing blocks for making new vaccines. Additionally, discovering novel and more efficient ways of healing rising public health threats, there is substantial focus on recovering access to immunization for people in developed and developing countries. There is an imbalance in demand to create effective vaccines in opposition to a number of lethal infectious diseases such as malaria, hepatitis C and AIDS. Even though, vaccines for Infectious diseases such as influenza and TB exist, but are only partly effectual and this sector demands significant upgrading to react for the actual public health needs. This imbalance is expected to pose the challenge for this market over the forecast period.

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On the basis of technology class, the market can be segregated into Conjugate Vaccines, Toxoid Vaccines, Sub-Unit Vaccines, Recombinant Vector Vaccines, Live/Attenuated Vaccines, DNA Vaccines, Synthetic Vaccines and Dendritic Vaccines. On the basis of the type, the market can be segregated into Therapeutic and Preventive. On the basis of end users, the market can be segmented into Adult and Paediatric. On the basis of disease indication, the market can be segregated into Infectious Diseases, Cardiovascular Diseases, Allergies, Cancer and Others such as Diabetes. On the basis of a geographical region, the market can be segregated into North America, Asia Pacific, Europe and Rest of the world. Asia Pacific is expected to grow rapidly over the forecast period owing to increasing demands of a vaccine in the countries like India and China coupled with rising awareness about the usage of vaccines. North America is expected to capture maximum revenue over the forecast period owing to great awareness of vaccine and increasing regulation by government to strengthen the vaccination process. North America is followed by Europe.

Some of the key players in the market are Sanofi, Glaxo SmithKline PLC, Merck & CO., INC., Novartis AG, Aduro biotech, ImmunoCellular Therapeutics Ltd, Antigen Express, INC, Agenus Inc, Galena Biopharma Inc., Dynavax Technologies Corp., and Inovio Pharmaceuticals. The companies are focused on initiating the DNA-supported vaccines to stop and cure cancer and infectious diseases. The market is less fragmented and there is the lack of standardization which is expected to pose the challenge for the players over the forecast period. As the number of contagious diseases is increasing, the key companies playing in this area try their best to incorporate latest innovations in their vaccines so that they can have more effective vaccines. This market is expected to be innovation driven over the forecast period.

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Polyvinylpyrrolidone (PVP) Market Analysis of Sales, Revenue, Price, Market Share and Growth Rate to 2024

The global Polyvinylpyrrolidone (PVP) Market size was 161.8 kilo tons in 2015 and is anticipated to reach USD 2.75 billion by 2024. The Polyvinylpyrrolidone (PVP) market is expected to witness growth owing to rising demand from end user industries including pharmaceutical, cosmetics, personal health care, adhesives and beverage industry. Rising awareness regarding the varied applications such as dissolving assistant for injection, a dispersant for liquid medicine, flows assistant for a capsule, medicine for brain-memory recovery, the raw material for making ceramic products, and moisture preserving agent are anticipated to propel the PVP industry growth over the next eight years.

Few other applications including stabilizer for an enzyme, antitoxic assistant for eye drug, viscosity enhancement agent for printing ink, film forming agent in shaping products, and solvent for agricultural pesticide are projected to fuel the market demand over the forecast period. The pharmaceutical industry is projected to contribute the major market share in the overall growth of the PVP sector by 2024 owing to rising use of PVP in medicines as a binder for tablets, a stabilizer for heat sensitive drugs, and antiseptic injection for surgical operations.

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The pharmaceutical sector is anticipated to see the growth of more than 30% CAGR over the next eight years, owing to increasing R&D efforts by companies in developing PVP medicines that could be used as dietetic tablets in nutritional products and as a disinfectant for maintaining hand hygiene, thus augmenting the end user market of PVP products. On the other hand, Cosmetics industry and personal care industries are expected to see growth of more than 6% CAGR and 10% CAGR respectively and thus augmenting the Polyvinylpyrrolidone market demand over the forecast period primarily owing to increasing application scope and rising adoption of Polyvinylpyrrolidone products as raw material in shampoo, cleaning products, shave lotion and body lotion.

Polyvinylpyrrolidone (PVP) is a water-soluble, amorphous and hygroscopic polymer, supplied as a clear aqueous solution or as a free-flowing powder. It is characterized by K-value and thus also referred as Povidone or Polyvidone. It has different grade products that are manufactured from the N-vinylpyrrolidone monomer and thus having wide application scope in various industries primarily due to its binding and adhesive agent properties. Their increasing use in electrical industry as a cotton defoliator has also enabled the market to anticipate significant growth by 2024. Few other uses such as food stabilizers, emulsifiers, metal quenchers and adhesives are also anticipated to boost the market demand over the next eight years.

North America and Europe are anticipated to report major growth over the next eight years owing to growing demand from end user industries including pharmaceutical and personal care, and rising awareness about the PVP advantages in healthcare applications. The US is likely to witness considerable growth in the market owing to the approval from the US Food and Drug Administration (FDA) for the application of PVP as a safe chemical in numerous medical drugs. Other countries including Germany, France, Italy, and the UK are projected to account for highest growth in the region due to increasing R&D endeavors by the companies to produce varied PVP products that aim to deliver improved product quality with excellent water soluble properties. The presence of numerous market players dedicated in researching and developing PVP products for companies such as Novartis, Pfizer, Roche, Merck & Co., Unilever, Procter & Gamble and Kimberly-Clark are also expected to bolster the PVP market demand over the forecast period.

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Asia-Pacific is projected to witness the fastest growth over the forecast period due to increasing application & services from cosmetics, food & beverage and adhesive industries. India, China, Japan, and Singapore are expected to account for the major market share in the region primarily due to growing awareness and acceptance to use PVP products as a raw material in various applications and increasing foreign investment in the industry leading to innovations and technological advancements.

Key players in Polyvinylpyrrolidone (PVP) market include BASF, ZhangzhouHuafu Chemical Co. Ltd., Hangzhou Motto Science & Technology Co. Ltd., Shanghai Yuking Water Soluble Material Tech Co., Ltd, Sigma-Aldrich Co. LLC., Shanghai Qifuqing Material Technology Co., Ltd., Divnova Specialties Pvt. Ltd., JH Nanhang Life Sciences Co. Ltd., Sisco Research Laboratories Pvt. Ltd., N Shashikant & Co., Alfa Aesar, Huangshan Bonsun Pharmaceuticals Co., Ltd., Boai NKY Pharmaceuticals Ltd, Hangzhou Sunflower Technology Development Co. Ltd., Ashland, Nippon Shokubai, Balaji Amines, Jarchem Industries Inc. , Glidechem, Dai-ichi Kogyo Seiyaku ,

Dongying City, Huaang Chemical Industry Co., Ltd., Nippon Shokubai and Balaji Amines. BASF, in January 2015, plans to invest USD 64 million in the expansion of its PVP value chain over the next four years primarily owing to the expansion of PVP production capacity to 6000 metric tons.

ZhangzhouHuafu Chemical Co. Ltd., in December 2013, disclosed that it would be launching new Polyvinylpyrrolidone products focused in areas such as cosmetics, food and beverage, biological pharmaceuticals, and detergents mainly due to growing consumer demand for products with excellent properties such as bonding capacity, solubility, water moisture and others. JH Nanhang (JHNH), in October 2013, announced that it is partnering with specialty chemical distributor Azelis to propel sustainable business development by providing high-quality products and to supply large range of Polyvinylpyrrolidone products across Turkey, Europe, Morocco, and Algeria. The other players in the market through mergers & acquisitions, strategic expansions, and new products launches have been trying to cater large volume of customers with numerous pharmaceutical, personal care, cosmetic and adhesive products that help them in providing varied medical as well as hygiene-related solutions. The aforementioned efforts by the companies have enabled them to anticipate significant growth over the forecast period.

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Specialty and High Performance Films Market Analysis, Forecast, Growth Impact and Demand by Regions till 2024

The global Specialty and High Performance Films Market size was USD 32.61 Billion in 2015 and is expected to reach USD 57.26 billion by 2024. Increasing demand for high tensile and durable packaging materials coupled with properties such as chemical resistant is expected to drive the market growth over the forecast period. These films are majorly used in packaging market for food and beverages, construction industries and decorative interiors. Thus increasing demand for these markets is expected to positively affect the market growth of performance films.

Growing need for electronics and solar PV coupled with increasing applications is expected to steer the market growth. These films are extensively used in semiconductors and PV cells Technological innovation and advancements of material films are anticipated to boost the market demand Specialty & high-performance films are made of engineered and composite plastic materials produced from different polymers including fluoropolymer, polycarbonate and polyester and exhibit exceptional properties such as chemical stability, resistance to heat, high barrier and tensile strength. The major factor that pose a challenge to the market is expected to the fluctuating prices of raw materials including naphtha and crude oil.

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Growing environmental concerns and increasing regulations on the use of plastics is expected to restraint market growth over the next six years. Innovation and development of reusable engineered plastics and increasing demand for biodegradable plastic film is anticipated to generate future opportunities for the industry players. On the basis of polymer type the global market has been segmented into nylon, fluoropolymers, polycarbonate, polyesters, polypropylene, and polyethylene.

Polyester film is expected to have the largest share in the market owing to its excellent flexible and thermal properties. Nylon and polycarbonate are expected to be the fastest growing segments in the market. Polycarbonate is a transparent film that can be easily thermoformed and melded. It also provides excellent ink adhesion and is widely being used in graphic, blended and light diffusing films.

Fluoropolymers are expected to have low growth rate over the forecast period due to increasing regulations for halo polymers by environmental protection agency and REACHGrowing demand for bio based materials is anticipated to producenew dynamic product trends in the future. On the basis of applications, the specialty and high performance films has been segmented into Safety and security, Microporous, Barrier, Decorative. Other niche applications include water soluble, Biodegradable, and light control. Barrier is expected to constitute the highest market share owing to increasing demand for these films in semiconductor insulators and solar PV modules. Growing adoption of renewable forms of energy sources such as solar panels to generate electricity is expected to be the driving factor for the market growth in this segment.

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Microporous and decorative films are expected to witness high growth rate over the forecast period owing to growing demand for food processing, interior decoration and long lasting electronics lamination are expected to steer the demand of these films over the forecast period. Increasing investments in research and development coupled with growing adoption of biodegradable plastics is expected to form an opportunity for the market growth in the future. On the basis of end use segment, the global market has been segmented into Automobile, Personal care products, Packaging, Electrical & electronic, and Construction. Other segments include shopping bags and Sportswear. Packaging industry has been the largest end use segment accounting over 65% of the total market share in 2012.Growing demand for flexible packaging in consumer goods and food industry coupled with consumer awareness for better hygiene products is anticipated to steer the market demand of specialty films.

Electrical and electronic industry is expected to witness significant growth rate owing to growing investments in technical and new electronic devices for high and efficient performance. The growing application of light and safety control films in construction industry is expected to achieve anoptimistic outlook on high performance films. Asia Pacific is expected to have the highest share in the global market and is expected to continueits dominance in the next seven years. Increasing manufacturing facilities of automotive industrycoupled with growing electronics manufacturing bases is expected to steer the market growth in this region. Favorable government regulations and presence of key raw material manufacturers of specialty films can be attributed as one of the major factor driving the market.Growing demand for processed and frozen food & beverages in Europe and North America is anticipated to boost market demand for high-performance films.

Key industry players in the market include Dow Chemicals, Bemis Company Inc. Evonik Industries, and Honeywell. Other industry participants are DuPont, Bayer, 3M, Sealed Air Corporation and Eastman. The market is highly fragmented with the presence of many manufacturers competing globally. Overall profitability is expected to be low owing to high industry rivalry Global vendors compete by application development and product differentiation.

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Application Server Market Size, Share, Emerging Trends, Analysis and Forecasts 2016-2024

The Application Server Market is expected to witness a huge growth over the forecast period due to evolving technology in information sharing through application server. Advancement in information sharing technology through mobile, tablets, laptops, and cloud application using server application is growing as it makes the work easy, improves the efficiency through real time sharing and assists in data management by companies.

The main factor that drives the application server industry is the extensive use of mobiles, laptops, and tablets. The industry expects a huge growth as the market of mobile, laptop and tablets are expecting continuous growth due to increasing demand. Any information sharing in current scenario uses cloud application for real time information sharing which uses an application server to improve efficiency hence the application server industry has ample opportunity to grow in near future. Higher server cost and maintenance service for application server are the considered to be the major challenges in the market. Application consumes more server space as the it is upgraded for fast and improved experience. This eventually increases the server cost which creates major concern enterprises IT budget. System integration is also a restraint. Huge data has to be consolidated globally; hence system integration is a restraint.

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The opportunities in global server application industry are ample due to continuous upgradation in technology. Upgradation in technology improves the speed of the application hence it improves the accuracy and the real time information sharing. The market has huge potential in coming years as enterprises are constantly looking for systems that will help in efficient management of company’s database and backend processes.

Server industry can be segmented based on types, the global market is segmented into Java based, Microsoft windows based and others. The other applications server includes use of open source technologies. Java based application server are used by Oracle web logic and IBM web sphere. Open source is source code in which copy right holder provides licence to study, change and distribute the software. GlassFish, Resin, Jonas, Tomcat, JBoss, and Jetty are open source technology. The industry can also be segmented based on deployment into cloud and On premises. Cloud is anticipated to be fasted growing segment as it helps inn sharing real time information sharing with accuracy and more efficiently.

Geographically application server market is segmented into 5 markets which consists of North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. With its early adoption and technological advancement, the penetration rate is much higher in the North America region. North America is considered to be developed market as most of the organization are extensively using devices that require application server in their daily life. Asia Pacific region is growing in application industry. Use of devices that runs on application is increasing at a fast pace hence Asia-Pacific is a potential market that is yet to explored. Countries like India and China are growing a fast pace hence requirement for application server is growing in these economies. Latin America is also considered as a potential market for this industry.

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IBM is market leader globally in application server industry. IBM web sphere is a java based application it helps to build, deploy, and run applications securely. IBM web sphere helps to optimize application on cloud, run, manage, and integrate dynamic web application. Search engine optimization is key strength of IBM web sphere. HP is also considered as prominent player in this segment. The company posted revenue more than USD 3.7 billion in application server market. J2EE application server software market is build for special purpose, mission critical web sites that supports and secure globally integration of enterprises.

Key players in the industry are Apache, VMWare, Adobe, Wipro, iWay Software, TIBCO Software, Microsoft, Pega Systems, CA Technologies, Nastel Technologies, HostBridge, Fujitsu, Red Hat, LexMark, IBM Corporation, Oracle, SAP AG, and Newgen, and Linux.

Companies are adopting various strategic initiatives to gain competitive edge in the market and maintain its position. For instance, iWay and Oracle has entered into joint venture to provide seamless connectivity to their business partners. iWay has ability to perform rapid integration solution to its customers globally and Oracle offers seamless connectivity. SERVER 10g is java based application helps to accelerate the development and deployment of J2EE (JAC). Users easily connect to the virtual information source, transaction systems, packaged applications, and relational & non-relational databases. After the connection is established, it can easily be used as a callable service by future applications. The combination of full reusability and unparalleled connectivity proves iWay a suitable complement for Oracle 10g. Wipro provides services application for application integration, business to business (B2B) integration, business process integration, and edge integration. Solace and HostBridge has developed a Simplify Integration of Mainframe Assets with Modern Architectures. This will link critical mainframe systems with latest application and architectures. It will provide large volume real-time data transfer without modifying mainframe or any code.

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Cardiac Rhythm Management Market Key Companies Profile, Supply, Demand, Cost Structure Analysis

The Cardiac Rhythm Management Market is expected to witness growth over the forecast period owing to bigger healthiness concern expenses supported by vigorous fiscal expansion will fuel the demand cardiac rhythm devices over the forecast period. Cardiac resynchronization therapy (CRT) devices and implantable cardioverter defibrillators (ICDs) are the some of the devices whose demand is expected to increase over the forecast period. At the same time as aging inhabitants, amplified risk factor for heart failure, cardiac arrhythmias and wide-ranging economic expansion is expected to contribute a lot to the growth of cardiac rhythm market over the forecast period. Huge part of the amplified utilization will be motivated by improved health care treatment Cardiac trial are increasing hastily. Compensation isn't growing across the country, but patients are abler to pay out of pocket now than they were a decade ago.

This arrangement of private and public capability to spend on healthcare has led to a huge market and a strong expansion rate, particularly for more sophisticated devices like cardiac resynchronization therapy defibrillators and dual-chamber ICDs and. Heart failure, tachycardia and Bradycardia are the three major reasons for using implantable cardioverter-defibrillators (ICDs), pacemakers and cardiac resynchronization therapy (CRT) devices. With no untouched population section, increase in growth is expected to come incrementally from newly eligible patients over the forecast period. Global market for cardiac rhythm management (CRM) devices will be determined by the launch of fine priced new equipments such as magnetic resonance imaging compatible devices, leadless pacemakers and improved implantable cardioverter defibrillators (S-ICDs). These novel technologies will make a small impact on the market over the forecast period owing to price erosion in long term.

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On the basis of product type this market can be segregated into cardiac defibrillators, cardiac pacemakers, cardiac resynchronization therapy (CRT) and others. Maximum part of cardiac rhythm management devices industry over the forecast period is expected to get covered by defibrillators and cardiac pacemakers. Medical testing results is expected to have noteworthy impact on the cardiac resynchronization therapy (CRT) equipment market over the forecast period, despite a narrower set of indications, CRT implementation will still be fast over the forecast period owing to fact that clinical evidence has been positive in the suitable indications

In markets for cardiac rhythm management devices — like pacemakers and implantable defibrillator devices — product working have severe, long term impacts on concerned brand images owing to fact that these devices have life-saving abilities, a defective device can potentially end a patient’s life. Current assessment from the US Department of Justice and the Centers for Medicare & Medicaid Services has questioned the medical indications for pacemaker implant. The assessment concluded that double chamber pacemaker implantations were been performed with no medical suggestion. Department of Justice audit examined the excess use of ICD implantations. Current worry has been the security profile of some ICD leads, providing the chance for equipments such as Cameron Health’s S-ICD, which eradicates the linking wires between the heart and the generator. These equipments were tried to be introduced in Europe and USA market.

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On the basis of region market can be segregated into Asia Pacific, North America, Latin America, Europe And others. Markets of North America are expected to witness slow growth owing to mature and saturated market of cardiac rhythm management market. Asia Pacific is expected to witness fast growth in this market owing to increasing demand of these devices in the countries like China and India. The increase in demand in these areas is expected to increase owing huge spending by government over health care and increase in disposable income of the people living in these countries.

The key competitors in this market are Medtronic, BIOTRONIK, St. Jude Medical, and Boston Scientific. Competitors will attempt to counterbalance price erosion through technological improvement. These improvements are making generator lifetime longer and thus making devices much smaller, and secluded monitoring is increasing more common. Leadless pacemakers are chief advancement in the CRM market. These equipments are thought to considerably decrease the risk of disease and advance's the security of pacemakers in general. Nanostim is the barely single product with authorization in US and Europe launched by Medtronic. MRI-compatible implantable cardioverter defibrillator is another device made by Biotronik, is one off their best innovation, Boston Scientific has launched their first S-ICD which promises to decrease the problems associated with lead owing to fact that they don’t require electrodes to be placed in heart. But their sales in US have been inundated by inadequate supply.

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Location of Things (LoT) Market Application, Product Segment, Analysis and Forecast 2025

The global Location of Things Market size was valued at USD 5,562.1 million in 2016 and is expected to reach USD 71.6 billion by 2025, with a CAGR of 34.07%. The location of things market by indoor type includes indoor location and outdoor location. Business has changed color from the stereotype to a more vibrant and inclusive role thanks to penetrative power of internet and rolling out of Internet of Things (IoT) between devices. Internet of Things (IoT) convergence has extended beyond the ordinary to foster growth in a similar market-intensive identity named Location of Things (LoT) market giving detailed and incisive insights in social-media management (SMM) monitoring to real-time asset maintenance and there is no stopping growth in location of things market.

Expansion has led to device expression and remote location based authorization of device parameters and device-prioritization for instance covering connected cars, connected home, smart city, mobile advertising and ambient intelligence boosting technological upgrades in LoT market. Right from wearables and smart watches down to far-away vending machines, Internet of things has made a global impact in feeding user with health warnings and fitness-criteria down to customer touch points relaying vehicle-breakdown information with help of arithmetic program interface (API) wizards. This has set norms in industry growth with location of things.

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Advertising in every nook of the city with out of home (OOH) technology and IoT is gaining root. Traditional outmoded banner advertising becoming a tad unpopular, Location of things and IoT has left its indelible mark in famed hallmarks of advertising. Machine to Machine dependence enabling internet of things connectivity and device governance with devices frequently in touch with their counterparts present a full-bloom growth channel for Internet of Things (IoT) market.

On an upside Location of Things (LoT) market will gain increasingly due to personal vehicle connectivity with enhanced telecommunication and collaboration technologies and all-round gains are predicted. The location of things market by application includes navigation type, location based customer engagement and advertising platform, location based social media monitoring, IOT Asset Management and IOT Location Intelligence.

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By vertical, location of things market includes government and public utilities, defense, transportation and logistics, industrial manufacturing, healthcare and life sciences, retail, BFSI, media and entertainment and others. By region, location of things market includes North America, Europe, Asia pacific, MEA and Latin America. As per industry news, Intel Capital is financing an IoT technological arm focusing on technology enunciation including 3D-scanning and biometric sensors, 3D biometric sensors and wearable sand IoT infrastructure start-ups. Software and services market will be a multi-billion dollar market and growth in number of interconnected devices will exhibit enhanced market drive.

By location, connected cities market is exhibiting profound growth in location of things market. Drivers to the location of things market are improved customer experience, simplification of supply chains and agile logistics with cost-cutting measures and productive all-round employee participation. Amongst other key industries, smart factories will contribute 7% to 8% of industry total. Key industries include Bosch Software Innovations GmbH, ESRI, Qualcomm Technologies, Wireless Logic, Ubisense Group, PLC, Google, Inc., IBM Corporation, Microsoft Corporation, Pitney Bowes, HERE, Telogis, and Tibco Software. Target audience in location of things market is application vendors, IOT provider companies, Academic and research institutes and Government associations.

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Egg Phosphatidylcholine Market Leading Players Analysis, Market status and Forecast Up To 2020

Industry Insights

Global Egg Phosphatidylcholine Market is expected to reach USD 12.2 million by 2020. Egg phosphatidylcholine is extracted from egg lecithin using chemical or mechanical methods using hexane. Cell membrane is majorly composed of phosphatidycholine and moves from one cell membrane to another within a cell due to a protein called phosphatidylcholine transfer protein. It is majorly used in cosmetics industry, dietary supplements and healthcare industry.

Rising old age population, the demand for phosphatidycholine is projected to increase as it enhances the functioning of digestive system by improving the functionality of liver. ‘Soy allergy’ is estimated to be amongst the nine most common form of food allergy by the Asthma and Allergy Foundation of America, which give an advantage to egg phosphatidylcholine in dietary supplements. Choline a key ingredient of egg phosphatidylcholine and is approved by Food and Drug administration of USA as daily dietary supplement owing to its numerous medical benefits such as brain development of fetus during pregnancy, atherosclerosis and neurological functioning. It also helps in enhancing solubility of pharmaceutical active ingredients thereby increasing their use in pharmaceutical industry.

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Egg phosphatidycholine is heavily used in cosmetic industry as it possesses properties such as emulsification which makes it suitable to be used in topical creams. It aids in restricting cellular damage of skin structure and also provides smoothness and elasticity to the skin. Other properties such as low toxicity and high skin compatibility, egg phophatidycholine are used as a treasured raw material for the cosmetic industry. Moreover, with the increase in use of cosmetics the market for egg phosphatidycholine is projected to grow.

However, with easy availability of less expensive substitutes such as mustard, soybean and sunflower from which phosphatidycholine can be extracted easily, is expected to hinder market growth. In addition, extraction from egg yolk is a complicated and expensive process which is further expected to restrict market growth.

Application Insights

Some of the major applications of egg phosphatidycholine include pharmaceutical, dietetic supplement, and cosmetics. It is used as a solubilized, moisturizer, and emulsifier for various ointments, used for maintenance and beautification of the skin. In addition, properties such as high stability against exposure to light and against oxygen, makes it suitable to be used in cosmetics. Egg phosphatidylcholine stabilized soybean oil emulsions also known as Intralipid. These are employed as lipase substrates. These are also used as human parenteral nutrition thereby making it an essential compound in medical industry. Choline finds wide scale application in medical industry such as treatment of neurological atherosclerosis and other neurological related disorders. Egg phosphatidycholine is a major source of choline. The presence of choline in egg phosphatidycholine is expected to boost the demand for egg phosphatidycholine in dietetic food, due to rising awareness among people about the high nutritional content foodstuffs.

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Regional Insights

High demand for cosmetic products form countries such as France, Italy, Germany and United Kingdom has resulted in high demand for egg phosphatidycholine. Moreover, due to its ability to enhance functioning of liver, its demand is expected to rise further. In North America, the demand for egg phosphatidycholine was due to the presence of companies catering to dietetic supplement segment in the region. Emerging economies such as India and China in Asia Pacific are expected to augment the demand egg phosphatidycholine.

Competitive Insights

Some of the major market players in the industry include NOF America Corporation, Nutrasal Inc, Natural Factors, Jena Bioscience GmbH, Kewpie Corporation, Avanti Polar Lipids Inc, Harmony Whole Foods Market, Lipoid, and Vitamin Research Products. The market is highly consolidated due to presence of less number of manufacturers. Moreover, fluctuating prices of raw material will deter entry of new players in the market.

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Petrochemical Market Analysis, Share, Strategy and Growth Factor 2025

 Industry Insights

The global Petrochemical Market was valued at USD 419.4 billion in 2015. Rise in demand of petrochemical from end use industries such as consumer goods and manufacturing along with favourable government regulations specifically in Asia Pacific is expected to fuel the market growth over the forecast period.

Petrochemicals are important to products used in day to day life. Petrochemicals are mainly utilized as chemical building blocks in a lot of materials and applications. Propylene, ethylene, benzene are widely used in various end use industries such as plastics, rubber, electronics and packaging. Major industries such as automobiles, chemicals, textile and packaging have shifted their manufacturing base from western countries to countries in Asia Pacific such as India, China, Thailand and Indonesia owing to low labour cost and favourable government regulations. This is expected to drive growth for the market.

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Large amount of money spent on construction in Asia Pacific region for developing commercial and residential building is projected to drive growth for the industry. Product applications in construction industry include manufacturing of adhesive, concrete, fibres, resins and plastics. These materials require products such as polyurethane, polyethylene, methanol and styrene. Moreover, with high construction spending particularly in emerging markets of Latin America and Asia Pacific for building non-residential buildings such as institutions and offices are expected to fuel growth over the forecast period. Rise in demand of derived products such as insulation materials and synthetic rubber owing to properties such as durability, flexibility, light weight and strength are expected to drive growth for the industry.

Insulation materials are made up of polyethylene and polyurethane and are used in fuel tank manufacturing. Synthetic rubber is used in tire manufacturing. Furthermore, with capacity additions made in Middle Eastern countries such as UAE and Saudi Arabia, the region is expected to cater to rising demand for petrochemicals emerging from regions such as Asia Pacific. Middle Eastern countries benefit from low feedstock prices used for production. India and China due to its proximity to Middle East and relatively subsidized price of feedstock, import nearly 70% of their total demand from these countries. However, with the shift in preference towards bio-based chemicals along with strict government regulations is projected to hinder market growth. With rise in shale gas exploration in countries such as China, Canada and US is projected to provide lucrative opportunities to industry players.

Product Insights

Ethylene was valued over USD 140 billion in 2014 and emerged was the largest product segment. High demand for polymers such as PVC and Polyethylene from the plastic industry for polymers is projected to drive demand over the forecast period. Rising shale gas exploration is projected to be a key driving factor for market penetration. Propylene is projected to grow at a CAGR of over 3.7% during the forecast period. It accounted for over 15% of the total volume in 2014. Rise in demand for propylene derivative along with adoption of lighter steam cracker is projected to fuel market growth. Propylene is used for production of other propylene derivatives such as ispropanol, cumene, acrylic acid and propylene oxide along with copolymerization of propylene.

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Methanol is projected to be the fastest growing product segment at a CAGR of over 7.5% over the forecast period. Methanol is widely used in manufacture of biodiesel which is safe, biodegradable and helps reduce air pollution as compared to other fuels. Moreover, with supporting government initiatives aimed at reducing global carbon footprint is projected to augment biodiesel demand which in turn is projected to fuel market growth.

Regional Insights

China had a valuation of over USD 120 billion in 2014 and hence was the largest regional market. It is expected to witness strong growth owing to a strong demand from end use industries including packaging, construction and transportation. Growing commercialization and rapid industrialization is expected fuel growth.

With major players shifting their manufacturing bases to China owing to the conducive business environment. Some of the major domestic players in China are CNPC and SINOPEC. Rest of Asia is estimated to grow at a CAGR of over 9% during the forecast period. With increase in population base along with booming industrial sector in aforementioned countries, the market is expected to witness substantial growth.North America accounted for over 13% of the total market volume in 2014. With high shale gas exploration activities in Canada and US, the region is projected to witness substantial growth. Growing demand of Benzene and Xylene from end-use industries such as lamination and packaging is expected to fuel growth for the industry over the forecast period.

Competitive Insights

Petrochemical market is highly fragmented. Small companies are been acquired by large companies to expand their manufacturing base. More and more manufacturing units have shifted their manufacturing units to Middle East and Asia Pacific owing to low labour cost and favourable government regulations.

The market is highly fragmented. Domestic companies are been acquired by large companies to expand their manufacturing base. There is a shift of manufacturing units to Asia Pacific and the Middle East owing to favourable government regulations and low labour costs. Some of the major players operating in the market include The Dow Chemical Company, BASF, Chevron Corporation and ExxonMobil.

Some of the other prominent manufactures include China Petroleum & Chemical Corporation (SINOPEC), INEOS Group Ltd., E.I. DuPont de Nemours & Company, LyndollBasell Industries Inc., BDR Thermea Group, China National Petroleum Corporation, Royal Dutch Shell PLC, and SABIC.

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