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Month: December 2018 (Page 1 of 300)

Kid’s Bicycle Market to Record an Exponential CAGR by 2022

A latest trend observed in the global kid’s bicycle market is parents persuading their children that cycling is an accessible and enjoyable form of family mobility. The government as well as the bicycle industry are taking responsibilities of promoting and improving the long-lasted trend of cycling. The report, compiled by XploreMR, provides in-depth analysis of the global kid’s bicycle market for the forecast period 2017-2022, and offers key insights about future market direction.

Scope

The scope of XploreMR’s report is to analyze the global kid’s bicycle market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Kid’s bicycle manufacturers, stakeholders, and suppliers in the global sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.

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Summary

The report commences with a brief information of the global kid’s bicycle market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global kid’s bicycle market.

Overview

The next section offers an overview of the kid’s bicycle market. This comprises an introduction to the market, along with a standard definition of the product – kid’s bicycle. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global kid’s bicycle market, the report provides updates about market opportunities, which can benefit leading manufacturers of kid’s bicycle. With continuous evolution of the sports industry, keeping a record of latest developments and trends is fundamental for kid’s bicycle manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

Considering wide scope of the global market for kid’s bicycle, and to provide in-depth insights, XploreMR report offers a segment-wise analysis and forecast. The global kid’s bicycle market is categorized based on product type, pricing, age-group, distribution channel and region. This segmentation analysis offered is comprehensive, along with detailed country-wise forecast rendered on all parameters.

The report’s last section comprises of the global kid’s bicycle market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global kid’s bicycle market.

Research Methodology

XploreMR is committed to offer unbiased and independent market research solutions to its clients. Each market report of XploreMR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Sales of Floriculture Market to Soar Through Key End-use Industries During the Forecast Period 2018 – 2027

Global revenue from floriculture, is projected to supersede the valuation of US$ 43.2 Billion, registering a robust annual growth rate of 7.0 percent, in 2019. Future Market Insights (FMI), in its newly published market intelligence outlook, highlights extensive demand for floriculture—an important activity in agro-business, specifically in Asian and Southeast Asian markets, considering favorable climatic conditions. Scope for floriculture in developing economy is anticipated to flourish as a mainstream occupation, majorly dominated by small and medium sized enterprises. Moreover, low cost maintenance including low labor costs in developing countries, is also a critical factor contributing to the growth of floriculture industry.

The scope for floriculture is expected to remain promising, ranging from seeds and tissue cultures to as single cut flowers, bouquets, potted flowers, potted plants—use as decorative and ornamentals. Small and medium enterprises, who majorly dominate the floriculture landscape, have significantly benefitted from a well-developed virtualized freight and logistics network and a well-coordinated supply chain, comprising growers, auctions, traders, logistics service providers and gift shop outlets. These virtual networks also enable cost-effective and speedy deliveries of floriculture products, specifically cut flowers, considering their fast deteriorating rate after harvest”, explains a senior CPG domain analyst at the company

Regional Outlook Analysis: Floriculture Market

Diverse agro-climatic conditions in Asia-Pacific is a key factor responsible to the growth of commercial floriculture in the region—expanding at a robust CAGR through the period of 2019. In addition to local demands, favorable climatic conditions puts Asia-Pacific in a relatively advantageous position to export floricultural products to major flower markets worldwide. For instance, member countries of Asian Productivity Organization (APO) are increasingly making efforts to cater for the domestic and overseas markets as critical issues relating to perishability, seasonality, market volatility, and quality sensitivity remain. Strategies are majorly focused towards efficient postharvest management to ensure top quality floriculture products in the international market. Japan, the largest consumer and producer of potted plants and flowers in Asia-Pacific, has developed an efficient market chain. Moreover, a notable quantity of special floriculture products like Bonsai (China/Japan) and Orchids (Thailand) is exported to Europe.

  • Opportunity Analysis: The floriculture market in emerging nations remain underdeveloped considering lack of standard regulations to streamline floriculture trade—with supply chain network issues being the most important opportunity pocket. Developing efficient logistics networks in emerging networks is the need of the hour to reduce and eliminate immediate loss or damage of the floriculture products. Implementation of regulatory norms to enable a systemic organization is a must for the growth of the floriculture market in developing markets.

The floriculture market in Europe is another high revenue generating region, demonstrating sustained growth in recent years, predominantly attributed to growing demand for cut flowers in France and Germany, amongst other European Union Nations. Moreover, Netherlands is projected to remain a leading exporter of bulbs and cut flowers.

Improving Floriculture Landscape through Technological Advanced Cultivars

As the demand for floriculture increases, in the coming years, key players in the industry are making racing efforts to meet the consumer demands—through, value-added flowers, which are not just cost-effective but also have unique floral characteristics including longer shelf life and diverse colors and shapes. Floriculture experts are increasingly adopting biotechnological approaches for distinctive floral architecture, fragrance, post-harvest life, and resistance to abiotic stress.

Key players are investing in mutation induction approaches, considering growing demand of ornamental plants and related species, globally. Furthermore, mutation breeding techniques—for both cut and potted plants,  are also being adopted for ornamental plants owing to easy vegetative propagating, enabling production of induced mutants. Moreover, gamma rays, among mutagens, have been used for an effective development of new varieties in ornamental species. Genetic manipulations are also known to increase the vase life of flower up to 9 days, along with better floral morphology and disease resistance. As per FMI, effective mutation induction strategies along with other in-vitro culture techniques could drive the sales of ornamental horticulture, especially floriculture.

Key Segmentation Insights Drawn from Floriculture Market Report

  • In terms of product type, cut flowers will gain significant prominence, representing a market share of approximately 79 percent through the forecast market.
  • By flower type, revenue from Rose segment is estimated to exceed US$ 24 Billion in 2023, taking a significant revenue leap from its market position in 2018.
  • In terms of end-use, FMI forecasts the institutions/events segment to witness increased applicability of floriculture products.
  • Sales of floriculture products through direct channels will push more revenue in the market. However, emergence of online retailers considering flourishing virtual supply networks will also pump significant revenue in floriculture market— the segment representing a colossal CAGR of 14.3 percent through 2027. Europe is expected to remain the largest revenue contributor under this segment.

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Competitive Landscape Analysis of Global Floriculture Market

In its comprehensive report on the global dynamics of floriculture market, FMI has also tracked the competition in the aforementioned market—with the international players holding a lion’s share of over 65 percent, contributing approximately US$ 24.6 Billion to the global floriculture market. High production capacity and implementation of improved technologies to produce a wide variety of floriculture species will place the international players in a dominant position. Easy availability of such products will place also place the local players in a prominent position within the supply chain—holding 25 percent of the market share. Moreover, unorganized retail outlets will also contribute to the growth of local players. Tie3-3 players including Verbeek Export B.V., Dos Gringos, LLC, and The Flamingo Group are projected to hold roughly 10 percent of the total market share. As a part of their differentiation strategy, tier-3 players are projected to enhance the supply chain network.

Demand for Snow Boots market to be Fuelled by Rapid Shift in Consumer Perception and Increasing Awareness

According to the market report published by Future Market Insights titled ‘Snow Boots Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027, the revenue generated from snow boots is estimated to be valued at over US$ 1,475.1 Mn in 2018, which is projected to increase at a CAGR of 3.5% during the forecast period (2018-2027).

Manufacturers of snow boots are focused on frequently launching new products with innovative features and latest fashion as well as the development of innovative snow boots for regions that witness heavy snowfall. Moreover, companies are also expanding their market footprint by establishing organised sales channels in developing countries due to a rise in the consumer demand for sportswear, particularly for the winter season, which are among the key factors driving the global demand for snow boots. In addition, companies in the snow boots markets are expanding their production capacity due to advanced manufacturing procedures, and innovations in the technology used for the manufacture of snow boots. Manufactures are developing snow boots at reasonable prices to be able to keep pace with the growing demand for the same. These are some other factors accelerating the growth of the snow boots market during the forecast period.

In snow boots market, companies are focusing on various product differentiation strategies to have a competitive edge. In the developing countries, the snow boots industry is highly fragmented with various small- and medium-sized enterprises operating largely in the unorganised snow boots market and the limited presence of organised sales channels. The intensity of competition between the unorganised and organised sales channel in the snow boots market is high. The unorganised sales channel in the snow boots market is prominent in the developing countries owing to the competitive pricing of products from this channel, which is attracting price-conscious consumers. Locally manufactured snow boots are cheaper owing to cheap labour, favourable labour laws and limited requirement of investment, and these are among the key factors driving the snow boots market.

The rapidly growing e-commerce platform is projected to become the largest retail sales channel across the world. However, the e-commerce channel is not evenly distributed worldwide. The penetration rate of this channel is 13%, which is among the highest in the world. Moreover, retailers in the snow boots market need to modify their digital strategies by region, country and category to be able to target the potential customers. Furthermore, in the snow boots market, manufacturers are frequently introducing snow boots specifically for men, which is creating considerable growth opportunities for the global snow boots market in the near future.

The global snow boots market is segmented on the basis of regions, which include North America, Latin America, Asia Pacific Excluding Japan (APEJ), Europe, Middle East & Africa and Japan. Among all these regions in the snow boots market, the Europe and North America regions are estimated to hold a substantial value share. In terms of value, Europe is the most attractive region in the global snow boots market and is expected to grow at a CAGR of 3.2% over the forecast period. The APEJ region is expected to gain an incremental opportunity of US$ 156.5 Mn during the forecast period.  

On the basis of product type, the snow boots market is segmented into outdoor and sports. In 2017, the outdoor segment accounted for the highest revenue share of 56.8% in the global snow boots, which is expected to continue throughout the forecast period.

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Key Players in the Global Snow Boots Market

Detailed profiles of companies are also included in the global snow boots market report to evaluate their performance, key product offerings and recent developments. Some of the key players profiled in the global snow boots market study include Columbia Sportswear Company, Crocs, Inc.; Bata Limited; Asics Corporation; Adidas AG; Deckers Outdoor Corporation; DC Shoes Company; Michael Kors Holdings Ltd.; Jack Wolfskin GmbH & Co.; Puma SE, Deichmann SE; Honeywell International Inc.; Nike, Inc.; Polartec, LLC; Kamik Company; New Balance Athletics, Inc.; The Aldo Group, Inc.; Wolverine World Wide, Inc.; VF Corporation; Skechers U.S.A., Inc.

Needle-Free Diabetes Care Market Size, Application Analysis, Regional Outlook, 2017 – 2025

Diabetes is a group of metabolic diseases in which a person has a high blood glucose/sugar level either because of inadequate production of insulin in the body, or because of body cells not responding properly toward the insulin, or both. People with high blood glucose level in the blood will experience polyuria (frequent urination), polydipsia (thirst), and polyphagia (hunger). According to a WHO report in 2014, 422 million people suffered from diabetes with 8.5% of prevalence rate worldwide. Insulin is the first line therapy treatment for diabetes when patients do not respond to oral hypoglycemic agents. Insulin is administered into the body by intravenous and subcutaneous injection.

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In the diagnostic process, pricking of blood vessels is the most common which might cause needle stick damages for healthcare specialists and that result in pain and infections. Diabetes self-care is pain, it needs constant draw blood for glucose testing, needs daily insulin therapy and also having high risk of infection because of poking. Nowadays, glucose monitors and insulin pumps are available for automating the tedious process of the blood glucose level management, but these tools do not removed the use of needles for skin pricks and shots. Hence, non-invasive needle-free diabetes technology is increasing used and is the most advanced and popular field worldwide. Several companies are focusing on developing technologies that could replace the poke with a patch.

Manufacturers are working on various techniques such as transdermal patches that read blood sugar level through the skin without drawing the blood. Increasing geriatric population, modern lifestyle, rising prevalence of diabetes and obese population, and changes in food habits are key factors that are driving the growth of the needle-free diabetes care market at a global level. In addition, rise in awareness toward diabetes is boosting the market growth. However, infection, incorrect dosage, high cost, skin damage or pain, and technical mistake associated with needle-free diabetes care might restrain the growth of the market.

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The needle-free diabetes care market is segmented on the basis of type of device, end-user, and region. Based on the type of device, the market is categorized as diagnostic devices and treatment devices. On the basis of end-user, the market is categorized as hospitals and clinics, diagnostic centers, and consumer.

Geographically, the needle-free diabetes care market is distributed over North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the market owing to advanced health care set-up, high public alertness related to diabetes management, and rise in research and development events associated with diabetes management are the key factors driving the growth of the North America market. The Asia Pacific market is projected to expand at a high growth rate due to growing health care expenditure and high patient base. The market in Europe is growing at a significant rate due to increasing R&D investment in the field of diabetes and awareness among the population toward the disease.

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Key players operating in the needle-free diabetes care market include Zogenix, Inc., Injex Pharma AG, Bioject Medical Technologies, 3M, Johnson & Johnson, Glide Pharmaceutical Technologies Ltd., Antares Pharma Inc., Pancreum LLC, JDRF, Akra Dermojet, Tandem Diabetes Care, Inc., Pharmajet, Inc., and Medtronic, Inc.

About us:

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Athletic Tapes Market to Expand with Significant CAGR During 2028

Ongoing technological advancements have enabled leading manufacturers to broaden their product line of athletic tapes in alignment with the requirements of the sports enthusiasts and professionals. In order to restrict the motion of injured joints, support ligaments, and limit excessive abnormal anatomical movements, leading manufacturers are diverting their focus towards development of effective athletic tapes that offer enhanced flexibility and ‘twistability’ while applying to the skin.

Major companies are concentrating on offering their products at reasonable prices on e-commerce portals to expand their customer base and improve their brand identity. Leading companies such as KT Tape has developed blister prevention tapes to offer prevention care of blisters among athletes. These athletic tapes are composed of non-woven and synthetic fabric and protect the athletes from various abrasion injuries such as hot spots, blisters, and chafing while participating in rigorous athletic competitions and training.

In addition, leading companies are concentrating on incorporating advanced features such as latex-free patches in the athletic tapes to protect the skin from germs, water, and dirt in order to remain in the forefront of the competitive market. Through product innovation and differentiation, major companies are focusing on broadening their scope of growth globally.

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A research report recently published by XploreMR offers valuable intelligence on the athletic tapes market during the forecast period, 2018-2028. Extensive research information examines the athletic tapes market in depth, offering an accurate analysis on factors that are significantly impacting the overall market growth.

Athletic Tapes Market: Taxonomy

Valuable intelligence encapsulated in the research report offers qualitative & quantitative analysis on the athletic tapes market, offering an end-to-end view of the current market scenario and growth prospects in the foreseeable future. Detailed insights compiled in the research report offers imperative statistics in terms of US$ Bn. Perspectives derived from accurate insights also throws light on the macroeconomic and microeconomic factors that are influencing the customer purchase decisions, thereby reflecting on the overall market growth. In-depth insights provided in this report briefs the readers on major growth deterrents, determinants, threats, and lucrative opportunities that will impact the progress of market leaders over the coming years.

The research report offers accurate analysis and insights on various segments highlighted in the athletic tapes market, which can benefit the investors and stakeholders in making crucial investment decisions. Segments identified in the global market comprise product type, form type, buyer type, tape width, sales channel, and regions.

Competitive Landscape Assessment

Valuable insights compiled in the report imparts crucial information pertaining to the competitive landscape in the market that enables the leading market players and new entrants to formulate informed business strategies. Based on the accurate analysis and insights provided in the research report, prominent companies can identify the current market trends and redesign their strategies for effective outcomes.

The research report also offers SWOT analysis that discusses the threats, opportunities, weaknesses, and strengths to the key companies operating in the athletic tapes market. Crucial information apropos mergers & acquisitions among market players, novel product developments, and influence of regulatory changes has also been accommodated in the competitive landscape chapter of the study for the perusal of readers and investors.

Research Methodology

A tested & proven research approach has been employed by the analysts at XploreMR for providing accurate and authentic intelligence derived through the evaluation of major industry dynamics. Valuable insights compiled encapsulated in the research report offers a blend of primary & secondary research to provide the readers and investors with estimates and predictions pertaining to the athletic tapes market.

The secondary research conducted forms the initial research phase, wherein the analysts conduct extensive mining of information by referring to latest and verified data resources, which comprise regulatory and government published material, independent studies, and technical journals. On the basis of this extensive research, market estimates and predictions are derived.

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Elevators Market set to record exponential growth by 2026-end

Expansion of the global elevators market is expected to remain influenced by soaring skyscraper construction activities, and rapid urbanization supported by advancements in technologies. In addition, replacement and maintenance activities associated with old elevators installed in developed regions are further likely to augment growth of the market. This report, compiled by XploreMR, provides in-depth analysis of the global elevators market for the forecast period 2017-2026, offering key insights on the growth prospects of the market.

Scope:

The scope of the XploreMR’s report is to analyze the global elevators market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers. Elevators manufacturers, suppliers, and stakeholders in the global industry can benefit from the analysis offered in this report.

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In-depth analysis regarding the energy saving properties, usage benefits, and long-term maintenance is detailed in this report. The comprehensive study offers insights on various market drivers, trends, and challenges shaping the future of the market, serving as a platform for future study, interest and understanding for the leading industries, trade magazines and journals related to the global elevators market.

Summary:

The report introduces the current scenario of the market for elevators. The executive summary section of the report offers information regarding the future scope of the global elevators market. Brief information on the vital aspects, facts, and statistics on the global elevators market is emphasized in this section.

Overview:

This section offers an overview of the global elevators market. This section comprises definition of the product – elevators, along with key insights on dynamics playing an important role towards the growth of the market. The overview also includes market value and year-on-year growth defining the future progress and decline of the global elevators. Data on the year-on-year growth provides readers with an overall view on expected progress reshaping growth during the forecast period.

In the next section, the report provides insights on major drivers, key trends, and retrains on the basis of demand, supply and macro-economic factors. The report also talks about an impact analysis of drivers and restraints that helps in decision-making and becoming more efficient.

The report further provides information on various technological advancements in the global elevators market. Latest information and advancements regarding growth opportunities can prove to be beneficial for the leading manufacturers of elevators. With advancements in technology, keeping an eye on the latest trends and developments is important for elevators manufacturers to frame key business strategies. Key insights concerning the list of distributor, supply chain, cost structure, pricing analysis, and raw material sourcing, are also provided in this section of the report.

Considering the broad-scope of the global elevators market, the report offers in-depth insights on the forecast and segment-wise analysis. The elevators market has been segmented on the basis of product type, technology type, application, and region. This sections offers segmentation analysis, along with a detailed country-wise forecast on all the parameters.

In the final section, the report offers information on the key competitors, along with a board view of the market players and company analysis. This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the global elevators market.

Research Methodology   

XploreMR is committed to offer unbiased and independent market research solutions to its clients. Each market report of XploreMR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Polyols and Polyurethane Market – Projected to Garner Significant Revenues by 2023

The global market for polyols and polyurethane is expected to show a significant rise during the forecast period of 2015 to 2023. According to a report by Transparency Market Research, the market is likely to rise due to its demand in various applications such as home furnishing, appliances, automotive, and construction sectors. The demand for polyols and polyurethane is expected to see healthy growth in 2018. The demand for energy efficient technologies are leading to demand for polyols and polyurethane market globally. Some of the key companies in the market dealing with the same are The Dow Chemical Company, Mitsui Chemicals Inc., Chemtura Corporation, Huntsman Corporation, Bayer MaterialScience, and BASF SE.

The global market for polyols will rise at a healthy CAGR of 4.7% during the forecast period of 2015 to 2023. Its valuation in revenue was calculated to be US$ 16.67 bn in 2015 and is expected to reach US$ 25.29 bn by 2023. Whereas, the global market for polyurethane is expected to rise at a CAGR of 5.9% by 2023 and is estimated to reach a value of US$ 80.76 bn.

According to the product segmentation of polyols, polyether polyols is dominating the market in terms of volume. According to the product segmentation of polyurethane market, the flexible foam is dominating the market compared to other product types.

Geographically, Asia Pacific holds the major shares of polyols and polyurethane among all other regions. In 2014, it held 35% of share in the global market. Many companies are rushing to establish capacities in Asia Pacific.

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Demand from Developing Industries to Boost Global Polyols and Polyurethane Market

The increase demand in construction industries, furniture and interiors, and flourishing automotive is likely to boost the market for polyols and polyurethane in the forecast period. Rise in demand for furniture in developing regions due to significant rise in construction to improve economy will boost the market remarkably in the coming years. The manufacturers are engaging in providing their consumers quality products so as to increase the demand in the market and to retain them. The qualities of polyurethane such as resistance to hot and cold conditions, weather changes, oil and solvents, wear and tear, and abrasion is likely increase its demand in the market. The multiple uses of polyols and polyurethane by various end users will also increase its demand globally. The primary reason for demand of polyols and polyurethane is its usage in automotive, construction, furniture, and interior industries globally. Strong growth of construction industries is the major reason for growth in the market. These factors are anticipated to boost the market of polyols and polyurethane globally during the forecast period.

Fluctuating Prices of Raw Material to Hamper the Growth in Market

The global market for polyols and polyurethane is likely to see downfall due to limitations in regards to price volatility and supply of raw materials in the market. The limitation of supply is likely to affect developing regions more than developed regions. Manufacturers are trying to cope up with this by engaging more resources but it is predicted to hamper the market. The prices of raw material also keeps fluctuating leading to sluggishness in the market. The developing economies are more likely to face these crisis due to lack of resources. The economic downturn will also affect the sales of products. These factors will hamper the growth of market and make it slow during the forecast period.

The global market for polyols and polyurethane is expected to show a significant rise during the forecast period of 2015 to 2023. According to a report by Transparency Market Research, the market is likely to rise due to its demand in various applications such as home furnishing, appliances, automotive, and construction sectors. The demand for polyols and polyurethane is expected to see healthy growth in 2018. The demand for energy efficient technologies are leading to demand for polyols and polyurethane market globally. Some of the key companies in the market dealing with the same are The Dow Chemical Company, Mitsui Chemicals Inc., Chemtura Corporation, Huntsman Corporation, Bayer MaterialScience, and BASF SE.

The global market for polyols will rise at a healthy CAGR of 4.7% during the forecast period of 2015 to 2023. Its valuation in revenue was calculated to be US$ 16.67 bn in 2015 and is expected to reach US$ 25.29 bn by 2023. Whereas, the global market for polyurethane is expected to rise at a CAGR of 5.9% by 2023 and is estimated to reach a value of US$ 80.76 bn.

According to the product segmentation of polyols, polyether polyols is dominating the market in terms of volume. According to the product segmentation of polyurethane market, the flexible foam is dominating the market compared to other product types.

Geographically, Asia Pacific holds the major shares of polyols and polyurethane among all other regions. In 2014, it held 35% of share in the global market. Many companies are rushing to establish capacities in Asia Pacific.

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Demand from Developing Industries to Boost Global Polyols and Polyurethane Market

The increase demand in construction industries, furniture and interiors, and flourishing automotive is likely to boost the market for polyols and polyurethane in the forecast period. Rise in demand for furniture in developing regions due to significant rise in construction to improve economy will boost the market remarkably in the coming years. The manufacturers are engaging in providing their consumers quality products so as to increase the demand in the market and to retain them. The qualities of polyurethane such as resistance to hot and cold conditions, weather changes, oil and solvents, wear and tear, and abrasion is likely increase its demand in the market. The multiple uses of polyols and polyurethane by various end users will also increase its demand globally. The primary reason for demand of polyols and polyurethane is its usage in automotive, construction, furniture, and interior industries globally. Strong growth of construction industries is the major reason for growth in the market. These factors are anticipated to boost the market of polyols and polyurethane globally during the forecast period.

Fluctuating Prices of Raw Material to Hamper the Growth in Market

The global market for polyols and polyurethane is likely to see downfall due to limitations in regards to price volatility and supply of raw materials in the market. The limitation of supply is likely to affect developing regions more than developed regions. Manufacturers are trying to cope up with this by engaging more resources but it is predicted to hamper the market. The prices of raw material also keeps fluctuating leading to sluggishness in the market. The developing economies are more likely to face these crisis due to lack of resources. The economic downturn will also affect the sales of products. These factors will hamper the growth of market and make it slow during the forecast period.

Aromatic Solvents Market : Development Insight and Manufacturers Challenge Competitors by 2023

The aromatic solvents market is fairly fragmented with few manufacturers exhibiting a marked degree of integration in the first stage of the industry value chain, observes Transparency Market Research (TMR). Key players operating in the aromatic solvents market include Eastman Chemical Company, Celanese Corporation, LyondellBasell, BASF SE, Chevron Phillips Chemical Company, Exxon Mobil Corporation, Honeywell UOP, and Royal Dutch Shell plc.

The global aromatic solvents market was valued at US$6.18 billion in 2014 and is projected to expand at a 4.2% CAGR from 2015 to 2023. Growing at this pace, the valuation of the market is anticipated to reach US$7.76 billion by the end of the forecast period

Asia Pacific to Offer Abundant Opportunities for Manufacturers to Capitalize on

Geographically, the aromatic solvents market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa (MEA), and Latin America. Of these, Asia Pacific accounted for the major share in 2014, in terms of volume, and the regional market is projected to rise at a spectacular CAGR during the forecast period. The dominance of the regional market is attributed to the rapid growth of the chemicals industry.

The major product segments are benzene, toluene, xylene, and solvent naphtha. Of these, the toluene segment accounted for the major market share in 2014. The demand for toluene is primarily driven by its substantial applications in various industries such as adhesives, paints and coatings, inks, and pharmaceuticals.

Extensive Application of Aromatic Compounds in Paints and Coatings Industry

The aromatic solvents market is primarily driven by the extensive applications of various product segments in the paints and coating industry. The significant rate of solvency of aromatic solvents has popularized their applications in a number of end-use industries such as automotive, pharmaceuticals, and oilfield chemicals. The extensive application of various aromatic compounds in the paints and coatings industry to speed up the drying process. In addition, these compounds dissolve or disperse a variety of components such as additives, binders, extenders, and pigments, and help in the formation of a homogeneous solution. Hence, they are used by manufacturers in the formulation of paints and coatings, which is a crucial factor boosting the uptake of aromatic solvents.

The growing number of use of aromatic compounds in the pharmaceutical and oilfield industries is anticipated to accentuate the market in the coming years. The substantial use of xylene in synthesis of several active pharmaceutical ingredients and in the cleaning of pharmaceutical equipment is anticipated to boost the market. In addition, the use of aromatic solvents in various drug formulation process is expected to catalyze the market growth.

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The extensive application of aromatic solvents as excellent corrosion inhibitors in the oil and gas industry is further expected to boost the market. However, stringent environmental norms and regulations related to VOC (volatile organic compounds emission) and a gradual industrial shift toward the adoption of non-aromatic solvents are crucial factors likely to hinder the market to an extent. Nevertheless, the burgeoning demand for adhesives and sealants in the automotive sector has boosted the use of aromatic compounds

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