Category: Coronavirus

Analysis of Potential Impact of COVID-19 on Wheat Germ Oil Market

Post author By arpit
Post date October 9, 2020

According to a new study by Transparency Market Research, the sales of wheat germ oil are expected to exceed 92 thousand tons in 2019, and record a Y-o-Y growth of ~6% in 2020. The rising demand for natural ingredients in food and cosmetic industries has led to rapid growth of the wheat germ oil market. As far as value is concerned, the wheat germ oil market is projected to expand at a CAGR of ~7% over the forecast period of 2019 to 2029.

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Nutritive Properties of Wheat Germ Oil to Lead to High Usage in Supplements

Wheat germ oil is a good source of vitamin E, and is known to lower plasma cholesterol levels. Cold-pressed oil forms are in high demand, as the cold-pressed technique of extraction retains the nutritional value as well as flavor and aroma of the oil. The high nutritional value of wheat germ oil makes it a suitable addition for use in dietary supplements and feed, and these industries are expected to witness a rise in demand at a high rate, globally, in the foreseeable future, as such boosting the growth of the global wheat germ oil market.

Extensive Use in Personal Care and Cosmetic Products to Boost Demand

The beauty industry is growing at a high rate, and trends are evolving with the changing dynamics of the industry. The clean label movement is one such trend in the cosmetics and personal care industry that is gaining traction. This has influenced manufacturers in this industry to switch to natural-sourced ingredients instead of synthetic ingredients, increasing the demand for natural ingredients despite their high prices.

Wheat germ oil is gaining traction in the cosmetics industry as a natural ingredient, as it is replacing the use of shark ingredients in cosmetic products. This is the result of wheat germ oil’s richness in vitamin E and squalene. It has a wide variety of uses as an ingredient in skincare, hair care, and cosmetic products. Wheat germ oil is being used as a blend with other natural oils in personal care products, such as supplements, skin serum, creams, etc. Due to these factors, the wheat germ oil market is anticipated to experience high growth in the coming years.

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Economical Prices of Raw Material to Create Opportunities for New Players

Total global production of wheat germ was estimated to be around 25 million MT in the year 2017. Wheat germ is obtained from wheat before milling, and is used in a variety of food applications to increase the nutritional content of the food products. But due to the rapid tendency of wheat germ to become rancid, its utilization is restricted. This creates a great opportunity for wheat germ oil manufacturers, as an abundant amount of wheat germ is available at economical prices. This has resulted in opportunities for emerging players in the wheat germ oil market. Developing regions such as South Asia are anticipated to emerge as lucrative wheat germ oil markets, and the demand from such regions is expected to grow substantially in the foreseeable future.

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Global Wheat Germ Oil Market: Competitive Landscape

Some of the key players operating in the global wheat germ oil market are Agroselprom, ConnOils LLC, Heze Zonghoo Jianyuan Biotech Co., Ltd., General Nutrition Centers, Inc, Hebei Jiafeng Plant oils, Grupo Plimon, Kanta enterprises Ltd., Inlife Pharma Pvt. Ltd., Kunhua Biological Technology Co., Ltd., Gustav Heess GmbH, NOW Foods, NutriPlex Formulas Inc., and Viobin USA.

Global Wheat Germ Oil Market: Segmentation

Wheat Germ Oil Market by Nature

Nature
Conventional

Wheat Germ Oil Market by End Use

Cosmetics
Dietary Supplements
Pharmaceuticals
Food Industry
Feed Industry
Others

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Tags Impact of COVID-19 on Wheat Germ Oil Market, Wheat Germ Oil Market, Wheat Germ Oil Market Demand, Wheat Germ Oil Market Growth, Wheat Germ Oil Market Share And Size, Wheat Germ Oil Market Trend

Business Coronavirus Marketing

Analysis of Potential Impact of COVID-19 on Squash Drinks Market

Post author By arpit
Post date October 9, 2020

The latest market forecast report published by Transparency Market Research on the squash drinks market includes global industry analysis and opportunity assessment for the period from 2019 to 2029. The global squash drinks market is projected to grow at a CAGR of ~5% during the forecast period.

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Increase in Demand for Natural, Non-Modified Functional Ingredients

Consumers are more focused on healthy and nutritional beverages derived especially from natural sources. Consumers are opting for natural beverages (plant or animal-based), as they are more beneficial as compared to other beverages, including carbonated drinks and others. Nutrients from fresh and natural beverages are easily absorbed by the body compared to beverages composed of artificial ingredients. There are multiple health benefits associated with natural beverages, which include no obesity, weight loss, healthy lifestyle, and other natural cures. With increase in awareness among consumers regarding the health benefits of natural beverages, the demand for natural and functional ingredients is expected to increase. The demand for health drinks across the globe is high, which is likely to create growth opportunities for companies in the global squash drinks market. Ever-mounting demand for healthy, flavored beverages with natural constituents is projected to result in significantly high sales of squash drinks over the years. Due to these factors, the squash drinks market is anticipated to exhibit growth at a considerable pace during the forecast period.

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Millennials to be Most Experimental Consumers

Innovation in flavors is described as the key focal point, as changing consumer taste and expectations are exerting significant influence on the beverages sector. The growing sophistication in how consumers view flavor profiles in food and drink is creating new opportunities in marketing, product development, and food pairing. There is a use of cutting-edge scientific research into effects of context, social dynamics, physical reality, and musical and other sounds to influence flavor perception. The transportation to rarefied high art spaces also transforms the concept of what constitutes “good taste,” fusing concepts of beverage quality with cultural quality.

Squash Drinks Market: Key Players

Key players operating in the squash drinks market, as profiled in the study, include Britvic PLC. (Robinsons), Tovali Limited (Tovali), J Sainsbury plc (Sainsbury’s), Nichols plc (Vimto), Dr Pepper Snapple Group (Schweppes), Unilever plc (Kissan), Prigat, PepsiCo Inc (Tropicana), Suntory group (Lucozade Ribena Suntory Ltd.), Carlsberg Breweries A/S, Harboe’s Brewery (Harboe Squash Light), The Coca-Cola Company, and Belvoir Fruit Farms Ltd.

Squash Drinks Market Segmentation

Squash Drinks Market by Nature

Regular
Blended

Squash Drinks Market by Product Type

No Added Sugar
Added Sugar

Squash Drinks Market by Base Type

Citrus Fruit
- Lime
- Lemon
- Orange

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Business Coronavirus News

Analysis of Potential Impact of COVID-19 on UV Adhesives Market

Post author By arpit
Post date October 9, 2020

In terms of value, the global UV adhesives market is anticipated to expand at a CAGR of ~8% from 2020 to 2030 and reach ~US$ 900 Mn by 2030. Asia Pacific dominated the global UV adhesives market in terms of volume in 2019. It is estimated to be the leading region of the global UV adhesives market during the forecast period. The construction industry is projected to offer lucrative opportunities for the UV adhesives market in the near future.

UV Adhesives Market: Major Drivers and Restraints

High rate of urbanization in emerging markets, such as Latin America and Asia Pacific, has led to expansion of the construction industry. This includes not only residential and commercial construction, but also development of infrastructure such as roads, highways, dams, airports, railway stations, and bridges. UV adhesives are widely used in construction activities. Therefore, rise in construction activities is anticipated to boost the demand for UV adhesives across the globe. The increase in usage of UV adhesive in various medical applications is propelling the global UV adhesives market. UV adhesives are applied onto a wide variety of medical products including catheters, IV delivery systems, endoscopes, and cannulas. They provide biocompatibility, improved durability, lubricity, and resistance to chemicals and scratches. Several players have taken strategic initiatives, such as capacity expansion, in order to expand their UV adhesives business, owing to high demand for UV adhesives in various industrial applications. This is also projected to boost the UV adhesives market during the forecast period.

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For instance, in March 2019, BASF SE increased its manufacturing capacity for UV acrylic hot-melt adhesives, which are sold under the brand name of acResin, at its Ludwigshafen site in Germany. Through this move, the company strengthened its position as a leading solution provider for various applications in the adhesives sector. High cost of UV adhesives vis-à-vis conventional adhesives is likely to restrain the global UV adhesives market during the forecast period. The cost of an adhesive and a UV lamp is high. On the other hand, conventional adhesives are inexpensive and possess similar bonding properties to that of UV adhesives. This is expected to hamper the UV adhesives market in the near future.

UV Adhesives Market: Prominent Segments

In terms of value, the acrylate resin segment held major share of the global UV adhesives market in 2019. This trend is anticipated to continue during the forecast period, due to considerable usage of acrylate in construction and medical industries. Based on end use, the transportation segment constituted significant share of more than 25% of the global UV adhesives market in 2019. This trend is estimated to continue throughout the forecast period. On the other hand, the building & construction segment is projected to expand at a rapid pace during the forecast period.

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Competition Landscape

Major global manufacturers of UV adhesives include Henkel AG and Company KGaA, 3M, H. B. Fuller, Dow Inc., Avery Dennison Corporation, BASF SE, Bostik SA, and Sika AG. The capital-intensive and technologically advanced nature of the UV adhesives acts as a significant barrier for new players to enter the market.

Global UV Adhesives Market: Segmentation

UV Adhesives Market, by Resin

Epoxy
Polyurethane
Acrylate
Silicone
Others (including Cyanoacrylate)

UV Adhesives Market, by End Use

Transportation
Building & Construction
Electrical & Electronics
Medical
Industrial Assembly
Others

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Analysis of Potential Impact of COVID-19 on Benzaldehyde Market

Post author By arpit
Post date October 9, 2020

Key Highlights of Global Benzaldehyde Market

Benzaldehyde is a colorless-to-yellow liquid and has a bitter almond odor to it. It is commonly found in many types of foods and is broadly utilized in the chemical industry, where it is utilized to prepare a number of other organic compounds such as aniline dyes, flavorings, coatings, agrochemicals, and perfumes, among others.
This increasing demand from several end-use industries is poised to accelerate the growth of the benzaldehyde market the coming years.
Transparency Market Research (TMR) predicts that the global benzaldehyde market would expand at steady CAGR of 3.60% over the period between 2019 and 2027. The total value of the global benzaldehyde market stood at US$268.4 Mn in 2018, and this figure is projected to reach a value of US$368 Mn by 2027.

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Key Drivers of Global Benzaldehyde Market

Benzaldehyde has been sanctioned as safe to be utilized in various applications by the FDA. Benzaldehyde is of two main types, namely FCC grade and technical grade.
The technical grade is utilized as an intermediate for the manufacturing of flavored chemicals and odorants. On the other hand, benzaldehyde of the FCC grade is broadly utilized in flavors such as cherry and almond and in the form of fragrances in toiletries and soaps.
The agriculture and aroma end-use segments represented a share of more than 50% in 2018 and stood as the prime end-use segments of the benzaldehyde market. The end-use segment of aroma chemicals is fuelled by the distinct utility of benzaldehyde in imparting artificial cherry and almond flavors.
The end-use segment of agriculture trailed the aroma end-use segment in 2018 owing to the rising usage of benzaldehyde in numerous herbicides and pesticides.

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Liquid-Phase Air Oxidation Process: A Widely Preferred Process for Making Synthetic Benzaldehyde

Benzaldehyde is majorly derived through petroleum, however, it is also found naturally in cherry stones or almonds and is extracted with the help of an enzyme. In addition, the benzal chloride hydrolysis and toluene’s air oxidation produces benzaldehyde.
Amongst these, toluene’s air oxidation is a widely preferred process for making synthetic benzaldehyde and comprises both liquid-phase air oxidation process and vapor-phase air oxidation process.
The vapor phase air oxidation process alone is not utilized very often nowadays. On the other hand, the liquid-phase air oxidation process is utilized extensively for making both benzoic acid and benzaldehyde.
The benzaldehyde produced through liquid-phase air oxidation is pasteurized using continuous distillation or batch process.

Fragmented Nature of Global Benzaldehyde Market

The global Benzaldehyde market is dominated by large-scale companies operating around the world. Key players such LLC, Lanxess AG, Emerald Performance Materials, Jiangsu Jiamai Chemical Co., Ltd., Chemicals Limited, Haihang Industries Co., Ltd., and Gujarat Alkalies are amongst the prominent players in the market significantly dominate the market.
It is expected that the leading players in the benzaldehyde market would enter into investment deals with global stakeholders. The global benzaldehyde market is also expected to witness the entry of amateur vendors in the market.

Global Benzaldehyde Market: Research Scope

Global Benzaldehyde Market, by End User

Aroma Chemicals
Pharmaceuticals
Agriculture
Coatings
Others

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Analysis of Potential Impact of COVID-19 on Agave Nectar Market

Post author By arpit
Post date October 9, 2020

Agave Nectar Market: Introduction

A recent study published by Transparency Market Research on the agave nectar market includes global industry analysis and opportunity assessment for 2020-2030. Revenue generated from the global agave nectar market has been estimated to be valued at ~US$ 156 Mn in 2020, which is projected to rise at a CAGR of ~5.7%, to reach US$ 272 Mn by 2030.

Low-glycemic Index in Agave Nectar – Less Likely to Cause Chronic Heart Disease and Diabetes

Increasing health problems are linked to poor dietary choices. Rising health problems among children and adults have made consumers to pay more attention toward food products/issues such as sugar and calories. Owing to the change in consumer preference seeking healthier and natural products, the demand for products such as organic or natural, and clean label is increasing at a higher pace in the global market which in turn the demand for agave nectar are increasing across the globe.

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Rising Demand for Sugar Substitute to Boost Growth Prospects

The demand for sugar substitutes is rising at an impressive pace. Agave is an organic sweetener, which is being used for more than 14 years as a sugar substitute. A 100 g of agave can produce 20 times more sweetness when compared to sugar and honey. Agave nectar consists of two sources of vitamins, such as vitamin C and vitamin B, which lack in sugar. This is an important factor propelling the market demand for agave nectar.

Due to sweetening and flavoring properties of agave nectar, it is being widely used in the production of tequila. Thus, an increase in the consumption of tequila will eventually aid the expansion for the market for agave nectar. For instance, in 2016, the consumption of tequila in the U.S. was 9.1 Mn nine-liter cases. 62.4% of the whole population in the U.S. has started to use agave nectar as a substitute for sugar and honey, as it has low calorie.

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Increasing Demand for Low-calorie Products will Bolster Sales Prospects

Globally, there is a rising demand for low-calorie products, which directly impact the well-being of consumers. They are aware of the health benefits gained by consuming low-calorie products. Sugar has always been a high-calorie sweetener that people consume on a daily basis. In order to replace it, low-calorie sweeteners were produced which created a potential market for agave nectar. In the year 2015, the U.S. Health Commission predicted a growth of 3.3% in the usage of alternative low-calorie sweeteners, and the market reached around US$ 1.4 Bn in 2017.

Global Agave Nectar Market Segmentation

Agave Nectar Market, by Product Type

Dark Agave
Light Agave

Agave Nectar Market, by Form

Powder
Liquid

Agave Nectar Market, by Nature

Organic
Conventional

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Analysis of Potential Impact of COVID-19 on Liquid Biofuel Market

Post author By arpit
Post date October 9, 2020

The global liquid biofuel market was valued at US$ 114 Bn in 2018 and is anticipated to expand at a CAGR of ~11% during the forecast period. Among types, the ethanol segment accounted for a major share of the global liquid biofuel market in 2018. Ethanol is a biofuel with high octane number, which is produced by fermentation of corn, potatoes, grain, sugar beet, sugarcane, and vegetable residues. The U.S. and Brazil are leading producers of ethanol across the globe. Both countries collectively accounted about 84% share of the world’s ethanol production in 2018. Among feedstocks, the starch crops segment held a significant share of the global liquid biofuel market in 2018. In terms of process, the fermentation segment held a major share of the global liquid biofuel market in 2018. Fermentation is a process largely used for production of ethanol. Based on application, the transportation segment accounted for a leading share of the global liquid biofuel market in 2018. Stringent government regulations regarding carbon emissions across the globe are boosting the demand for alternative fuels. North America is estimated to offer immense growth potential to the liquid biofuel market in the next few years.

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Key Drivers and Restraints of Liquid Biofuel Market

Increasing demand for alternative fuels from the transportation sector is a major factor driving the global liquid biofuel market. Liquid biofuels are largely used as substitutes for petroleum-based fuels and they are considered useful to improve fuel security; to mitigate climate change; and to support infrastructure development. In order to achieve compliance with emission targets set by various governments to slow down global warming and to improve security of energy supply, an increased contribution of both conventional and advanced biofuels would be required during the forecast period.

Supply security and risk abatement of conventional oil is another major factor positively influencing the global liquid biofuel market. Crude oil reserves are mostly concentrated in countries of Middle East & Africa and North America. However, with the rising demand in industrialized nations as well as in developing countries such as China and India, supply pressure on these reserves increases. This can become a basis for conflicts between oil-producing nations aiming to secure the remaining reserves for themselves in the near future. In this situation, diversification of energy sources is an option for risk abatement. Liquid biofuel production can reduce the dependency on conventional fuels for transportation, cooking, and other conventional uses.

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High retrofit costs is a major factor hampering the global liquid biofuel market. Replacement of existing diesel engines and systems powered by conventional fossil fuels with biofuel systems can be a cost-intensive process, as the entire or partial upgrade is required to be carried out without affecting the operational hours.

North America a Highly Lucrative Region of Liquid Biofuel Market

North America dominates the global liquid biofuel market. Around 45% of liquid biofuels are produced in the region. The U.S. is the world’s leading producer of ethanol. It produced around 16 billion gallons or nearly 60 billion liters of ethanol in 2018. According to the U.S. Energy Information Administration’s (EIA) U.S. Fuel Ethanol Plant Production Capacity report, ethanol production capacity in the U.S. totaled 16.9 billion gallons per year or 1.1 million barrels per day (b/d) in 2019. In 2018, the total consumption of ethanol in the U.S. rose to a record high of 16.2 billion gallons, 300 million gallons higher over that in 2017, driven mostly by record exports of over 1.6 billion gallons. Brazil and Argentina are major countries of the liquid biofuel market in Latin America. Both countries account for 90% production of liquid biofuels in Latin America.

Liquid Biofuel Market: Key Developments

In June 2018, Archer Daniels Midland Company announced collaboration with DuPont Industrial Biosciences to develop, produce, and market the cellulase enzyme for use in grain-based ethanol plants. In September 2018, POET Biorefining Marion opened an expanded facility with the capacity of 80 million gallons. With this expansion, the company’s annual capacity reached 150 million gallons of clean-burning biofuel and 360,000 tons of high-protein animal feed per year.

Competition Landscape of Liquid Biofuel Market

The global liquid biofuel market is highly fragmented, with the presence of a large number of players. High capital investments, strong brand recognition, and strong position of established players pose barriers to the entry of new players operating in the global liquid biofuel market. Key players operating in the global liquid biofuel market are Fulcrum BioEnergy, Archer Daniels Midland Company, RB FUELS, POET, LLC, Cargill, Incorporated, Bangchak Corporation Public Company Limited, Renewable Energy Group, Inc., Bunge, Green Biologics Limited, CropEnergies AG, Algenol, Emami Agrotech Limited, Eniven Group, World Energy Alternatives LLC, and Bio-Oils Energy.

Global Liquid Biofuel Market: Segmentation

Liquid Biofuel Market, by Type

Ethanol
Biodiesel

Liquid Biofuel Market, by Feedstock

Sugar Crops
Starch Crops
Vegetable Oils
Animal Fats
Others

Liquid Biofuel Market, by Process

Fermentation
Transesterification
Others

Liquid Biofuel Market, by Application

Transportation
Power Generation
Heat

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Analysis of Potential Impact of COVID-19 on Produced Water Treatment Market

Post author By arpit
Post date October 9, 2020

The global produced water treatment market is projected to grow steadily in forthcoming years, according to Transparency Market Research (TMR). The produced water treatment market is reportedly fragmented at present. Top market players account for a significant share of the global produced water treatment market. Further, regional and domestic vendors constitute a substantial portion of the market in coming years.

Market players are leveraging technological innovations into their product with the aim of gaining better market share. For instance, Siemens has invested in secondary and advanced treatment technologies in the offshore sector to reduce oil spills and discharge into local water bodies. Further, players are seen focusing on efficiency by introducing water management services.

Global produced water treatment market vendors are likely to find rich growth opportunity in regions with high fresh water storage. The vendors in the market are seen focusing on strategic alliances, partnerships, and collaborations.

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Prominent names in the global produced water treatment are Suez S.A., Veolia Water Technologies, Siemens AG, TechnipFMC plc., and Halliburton.

According to TMR, the global produced water treatment market was estimated to be worth US$ 5,693.8 Mn in 2017. With a CAGR of 7.2% over the period 2018 to 2026, the market is likely to reach a value of US$ 10,566.4 Mn by 2026-end.

In terms of value, the produced water treatment industry is expected to grow considerably over the forecast period in Asia Pacific and Europe. It is estimated that the market will drive during the forecast period to increase the exploration of oil and gas and to increase public infrastructure development projects. Increasing investment in offshore oil and gas exploration and manufacturing also leads to the implementation of produced water therapy throughout the globe. Increasing the manufacturing volume of oil and gas in the oil and gas industry is anticipated to drive demand for produced water therapy.

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Oil And Shale Gas Exploration Activities to Bolster Produced Water Treatment Market

Continuous growth of shale oil and gas exploration creates possibilities for the water treatment industry generated. Demand for energy use has increased as a result of the population rise; and the demand for produced water therapy is growing in environmental concerns. Many nations around the world invest in the discovery of offshore oil and gas. This drives the demand for water treatment generated throughout the world.

Stringent Environmental Regulations to Fuel Growth

Strict rules on produced water discharge boundaries have resulted to an increase in the demands for sophisticated oil-water discharge techniques and an increase in oil recovery efficiencies. An increased use of fresh water and long-term release of treated water containing oil are anticipated to contaminate the current resources and in future lead to scarcity. Due to strict environmental protection legislation imposed by governments across all areas, the produced water treatment technologies markets are anticipated to expand.

For instance, by imposing minimized or zero oil-disposal limitations in disposed streams, Germany and the US controlled strict environmental policies and procedures. It is anticipated that regulation assistance will open up fresh roads over the next few years for higher E&P expenditure on coal bed methanol (CBM) and gas hydrates in Durgapur, Andaman, and Nicobar in India.

The study presented here is based on a report by Transparency Market Research (TMR) titled, “Produced Water Treatment Market (Technology - Primary, Secondary, Tertiary; Source - Natural Gas, Crude Oil; End use - Onshore, Offshore) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.”

The global produced water treatment market has been segmented as follows:

Technology

Primary
Secondary
Tertiary

Source

Crude Oil
Natural Gas

End-use

Onshore
Offshore

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Designer DNA Nanocages Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Post author By arpit
Post date October 8, 2020

Designer DNA Nanocages Market: Overview

DNA nanocages are designed to enable transport of medications to the target diseased cells. The design is engineered with eight unique, natural DNA molecules which are mixed together and aggregated in a usable form. The entrapment of drugs using the DNA nanocages methodology released a bold pathway of delivering the biomolecules to the target cells without the disintegration of extra molecules. It is one of the modern aids of drug delivery to the targeted cells which is going to fetch a good response in the pharma market due to increasing rate of numerous cancer cases and hereditary diseases among the population.

According to an article published by Elsevier in 2014, design of nanocages is quite important for the mode of drug delivery, which describes the 3D-structure of the DNA. Few structures such as Wireframe Polyhedra, DNA-Origami, and DNA-Brick can be used for chemical reaction, direct material arrangement and bio molecular interaction that can be implemented by various drug manufacturing and nanotechnology based companies. The demand for effective and curative drugs are in progress where the DNA nanocages research seems to be a boon in the market.

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Designer DNA Nanocages Market: Trends

DNA nanocages is still on the verge of introduction into the market and other research areas.
The designer DNA nanocages can be segmented based on application, which are as follows:

Drug delivery
Drug therapy
Imaging
Diagnostics

Based on the findings of a number of studies, the drug delivery methods can be of the following types:

Pills/capsules
Spray
Lithography
Absorption
Others

Designer DNA nanocages can be characterized inside the body by various tests and methods. Also, various devices and techniques are used for its detection, such as:

Transmission electron microscopy
Gel electrophoresis
Single molecule fluorescence

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Designer DNA Nanocages Market: Segmentation

The DNA nanocages market can be divided into two segments: Methods and devices as the delivery of drugs needs the final detection methodology to know about the disintegration of drugs inside the body.

By geography, the designer DNA nanocages market can be segmented into: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America leads the market followed by the European nations. The US Food and Drug Administration (FDA) has approved numerous Investigational New Drug (IND) applications for nano formulation, and clinical trials for lungs, lymphoma, solid tumor, etc. which have set a good example regarding the authorization and approval of DNA nanocages in the market.

Big pharma giants such as Enzon are vigorously involved in new product development and expected to have a good market penetration with the existing therapies by 2024. According to the Arizona State University news press releases, there are a number of products under the research pipeline which can probably drive the growth of the designer DNA nanocages market in the U.S. North America can be estimated as the largest market due to the numerous research projects in the U.S., gross revenue generation and presence of a number of research units as well as the increase in number of cancer patients.

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The global market for cancer drugs has touched US$100 billion, according to Forbes and IMS Institute for Healthcare Informatics. Asia Pacific is expected to see the highest growth during the forecast period due to expansion of research labs and ongoing research on drug delivery results. In addition, increase in patient population and growth in industrialization in the Asia pacific region would drive the growth of the market in the upcoming years.

As designer DNA nanocages are yet to prove their potential in the market, not many players are operating in the designer DNA nanocages market as of now.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Impact of COVID-19 on Power Generator Rental Market : Implications on Business

Post author By arpit
Post date October 8, 2020

In a new study, Transparency Market Research (TMR) discusses in detail the various factors influencing the global power generation rental market. It covers the leading market players and highlights competitive trends prevailing over the years. As per TMR, the presence of several regional and local players has rendered the market highly fragmented. The global power generation rental market also exhibits the presence of a few global players. Aggreko PLC, APR Energy, Caterpillar Inc., Cummins Inc., Atlas Copco AB., and United Rentals, Inc. are among some of the most prominent companies operating in the global power generation rental market.

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TMR pegged the global power generation rental market at US$4,131.28 mn in 2016. Exhibiting a CAGR of 6.27% between 2017 and 2025, the market is expected to reach US$7,087.40 mn by the end of 2025. Regionally, the Middle East and Africa held dominance in the global market. Besides this, the market is expected witness lucrative prospects in Asia Pacific. The rising demand from emerging nations in Africa is aiding the market’s expansion in the Middle East and Africa. According to TMR, the Middle East and Africa held nearly 30.51% of the global market in 2017.

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Rising Demand for Electricity, Coupled with Increasing Power Outages, Fuels Demand

The rising demand for electricity, coupled with power outages, which is a common problem witnessed in underdeveloped and developing nations will boost the global power generation rental market. The existing gap between the power demand and power supply creates lucrative prospects for the power generation rental market. The void between the demand for power and the rate at which investment is received in novel power generation capacities or replacement of the existing infrastructure has resulted in frequent power outages especially in underdeveloped countries. Such capital constraints often delay the installation of new capacities, which in turn fuels the demand for power generation rentals. Also aging infrastructure has accelerated the pace of gains for the power generation rental market.

It is important to note that it is likely for consumers in developing or underdeveloped to opt for renting generators than purchasing them as the former often proves a cheaper source of power. Against this backdrop, the global power generation rental market witnesses high demand especially in emerging economies. Furthermore, the rising awareness about the advantages of outsourcing has made customers more bias toward renting power generation as this would allow them to focus on their core competencies instead of worrying over managing finances for purchasing the machine.

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Rising Demand for Natural Gas Generators to Create Lucrative Growth Opportunities

The rentals of natural gas generators is posed to grow considerably in the forthcoming years. This is attributable to the fact that natural gas generators offer seamless, noise free, and clean power compared to their diesel-run counterparts. The diesel generator rental also suffer the problem of wet sacking, in which the unburnt fuel comes back and settles into the exhaust system of a diesel generator as soon as the generator is overloaded. While natural gas generator rentals do not face this issue even when working at loads higher than their optimal levels. Favorable environmental regulations are also supporting growth of the natural gas generators segment. This is expected to help the global power generation maintain a steady pace of growth in the coming years.

This review is based on a TMR report, titled “Power Generator Rental Market (Generator Rating - Up to 100 KVA, 101- 500 KVA, 501- 1000 KVA, and Above 1000 KVA; Fuel Type- Diesel and Natural Gas; End User - Utilities, Oil & Gas, Mining, Construction, and Events) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”

Key Takeaways:

The rentals of natural gas generators is posed to grow considerably in the forthcoming years.
The rising demand for electricity, coupled with power outages, will boost the global power generation rentals market.

The report segments the global power generator rental market as:

Power Generator Rental Market – Generator Rating Analysis

Up to 100 KVA
101- 500 KVA,
501- 1000 KVA
Above 1000 KVA

Power Generator Rental Market – Fuel Type Analysis

Diesel
Natural Gas

Power Generator Rental Market – End-user Analysis

Utilities
Oil & Gas
Mining
Construction
Events
Others

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Tags Impact of COVID-19 on Power Generator Rental Market, Power Generator Rental Market, Power Generator Rental Market Demand, Power Generator Rental Market Growth, Power Generator Rental Market Share And Size, Power Generator Rental Market Trend