Silicones Market 2020-2024 | Growing Demand for Silicone Elastomers to Boost Growth

The silicones market and it is poised to grow by USD 5.46 billion during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Silicones Market Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. China National Bluestar (Group) Co. Ltd., CHT Group, CRI-SIL Silicone Technologies LLC, Dow Inc., DuPont de Nemours Inc., KC Co. Ltd., Momentive Performance Materials Inc., Rogers Corp., Shin-Etsu Chemical Co. Ltd., Siltech Corp., and Wacker Chemie AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Growing demand for silicone elastomers has been instrumental in driving the growth of the market.

Silicones Market 2020-2024: Segmentation

Silicones Market is segmented as below:

·         Product

o    Elastomers

o    Fluids

o    Resins

o    Gels and Others

·         Geographic Landscape

o    APAC

o    Europe

o    MEA

o    North America

o    South America

Silicones Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The silicones market report covers the following areas:

·         Silicones Market Size

·         Silicones Market Trends

·         Silicones Market Analysis

This study identifies the growing demand for medical-grade silicones as one of the prime reasons driving the silicones market growth during the next few years.

Analysis on Impact of COVID-19 Global Hazmat Suits Market 2020-2024 | Increasing Incidence and Prevalence of Infectious Disease to Boost Market Growth

The global hazmat suits market size is expected to grow by USD 3.83 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth, according to the latest market research report by Technavio.  

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The increasing incidence of various infectious diseases, especially respiratory diseases, such as coronavirus disease (COVID-19), severe acute respiratory syndrome (SARS), Ebola virus disease (EVD), and the Middle East respiratory syndrome (MERS), is driving the demand for protective equipment for people and healthcare professionals across the globe. The increasing use of such equipment is boosting the demand for protective clothing, such as hazmat suits.

COVID-19 is a highly infectious disease that spreads through human to human contact. Doctors and other healthcare staff are more vulnerable to the disease as they frequently come in contact with patients that are infected with the disease. Hazmat suits are widely used to protect physicians, healthcare staff, and sanitary personnel from contamination involved in treatment and sanitary services in contaminated areas. Thereby, the demand for hazmat suits to combat COVID-19 will contribute to the market growth.

As per Technavio, the increasing demand for hazmat suits from the manufacturing industry will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Hazmat Suits Market: Increasing Demand for Hazmat Suits from Manufacturing Industry

The manufacturing industry is one of the significant contributors to the total GDP of industrialized economies such as the US. The manufacturing industry consists of different application areas that may pose diverse risks. There are several primary and auxiliary processes, such as welding and metal manufacturing, in different stages of manufacturing. Workers are quite often exposed to hazardous environments where protective equipment such as hazmat suits must necessarily be used. Different types of protective equipment must be compulsorily used at manufacturing sites to ensure the safety of workers. Specialized hazmat suits and gloves help control contamination and protect users from harmful particles and sensitive pharmaceutical products and processes, thereby ensuring the safety of workers. Thus, the increasing demand for hazmat suits from the manufacturing industry will drive the growth of the market during the forecast period.

Hazmat Suits Market: Segmentation Analysis

This market research report segments the hazmat suits market by application (infection control and biohazards, chemical wastes, hazardous materials, and others) and geography (North America, Europe, APAC, MEA, and South America).

The North American region led the hazmat suits market share in 2019, followed by Europe, APAC, MEA, and South America respectively. During the forecast period, the North American region is expected to register the highest incremental growth due to factors such as the increasing prevalence of deadly infectious diseases, and the region's dominance in various industries, such as oil and gas, chemicals, healthcare, and aerospace.

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Battery Monitoring Systems Market to Witness Growth Owing to Demand from Renewable Energy Applications

The global battery monitoring systems market is expected to grow at a CAGR of close to 23% during the forecast period.

This research report titled ‘Global Battery Monitoring Systems Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

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The market research analysis categorizes the global battery monitoring systems into three major end-user segments. They are:

·         Automotive

·         Energy

·         Telecom and data center

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Global battery monitoring systems market by automotive industry

EVs were introduced in the early 1990s but lacked popularity among end-users in the initial years. However, improved energy density made possible due to technological advances, reduction in costs, and widespread awareness of the benefits of battery vehicles have led to the rise in popularity of EVs. A battery is a major component of an EV as it is the only source of power that is critical to run the motor and other elements in an EV.

Unlike other battery applications for different purposes, batteries in EVs have more demands placed on them as their functionality always changes, from discharging during acceleration to recharging during braking even under harsh and uncontrollable environmental conditions. The primary function of a battery monitoring system in an EV is to keep the battery in a safer mode to prolong its life and provide information on battery replacement as well as on the factors that prevent the battery from functioning optimally.

Global battery monitoring systems market by energy industry

Globally, power grid networks are in a transitional stage owing to the efforts made by national governments to expand grid efficiency and reliability while simultaneously addressing the climate change problem with the addition of low-carbon fuels. This has resulted in renewable energy sources such as wind, solar, and hydro playing an important role in the energy mix. However, utilities faced the challenge of not being able to utilize fully the potential of these renewables due to the absence of energy storage technologies that are economical and reliable.

Spirulina Chocolates Market by Distribution Channel and Geography - Forecast and Analysis 2020-2024

The global spirulina chocolates market is expected to grow by USD 151.32 million as per Technavio. This marks a significant market slowdown compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of about 9%.

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The market is driven by the health benefits associated with spirulina products. In addition, government support in promoting the production of spirulina is anticipated to boost the growth of the spirulina chocolates market.

The demand for spirulina chocolates is likely to grow during the forecast period, attributable to the growing awareness about their health benefits, especially in Europe and the Americas. Spirulina is considered to be a superfood, owing to its nutrient content. Spirulina contains a decent amount of magnesium, potassium, manganese, and other micronutrients. Spirulina also helps to prevent cancer, as it increases the production of antibodies, infection-fighting proteins, and other cells that improve immunity and help in cancer prevention. Spirulina contains beta-carotene and thus is an excellent antioxidant. Spirulina also contains phycocyanin, a pigment that exhibits antihypertensive properties and is highly effective in reducing blood pressure.

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Major Five Spirulina Chocolates Companies:

Akal Food

Akal Food offers various products made using spirulina such as spirulina drinks, spirulina chocolates, soaps produced using spirulina, and others. The company offers spirulina chocolates under the brand, KISSMI.

Bio Benjamin Chocolate Factory

Bio Benjamin Chocolate Factory has business operations under two segments, namely Benjamissimo, and Happy Benjamino. The company offers spirulina chocolates under the brand, Happy Benjamino.

Doisy & Dam Ltd.

Doisy & Dam Ltd. is a privately held company, headquartered in the UK. Doisy & Dam Ltd. offers dark chocolate made using various ingredients. The company offers spirulina chocolate under the brand, Doisy & Dam.

Giddy Yoyo Inc.

Giddy Yoyo Inc. operates its business through various segments, such as body care, chocolate, cacao, and superfoods. The company offers spirulina chocolate under the brand, Giddy Yoyo.

Karmasukom Energy LLP

Karmasukom Energy LLP offers granola bar, cocoa and dates delight double layered bar, and other bars. The company offers spirulina chocolate under the brand, Nutrezy.

Global Autoimmune Disease Diagnostics Market 2020-2024 | Evolving Opportunities with Abbott Laboratories and bioMérieux SA |

The autoimmune disease diagnostics market is poised to grow by USD 1.94 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period.

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The market is driven by the discovery of novel biomarkers leading to improved autoimmune diagnosis. In addition, the increasing consumer shift toward direct-to-consumer testing is anticipated to boost the growth of the autoimmune disease diagnostics market.

There is an increased demand for multiple biomarkers that help in identifying and evaluating the patient status, disease type, and progression, and response to therapy for autoimmune diseases. This is compelling vendors and research institutes to increase their R&D efforts to develop effective biomarkers for use in autoimmune diseases. The ability to screen an individual with multiple biomarkers associated with several autoimmune diseases has enhanced the diagnosis of autoimmune diseases. This is proving to be an added advantage for physicians in the diagnosis of complex diseases. These factors are significantly influencing the growth of the global autoimmune diagnostics market.

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Major Five Autoimmune Disease Diagnostics Companies:

Abbott Laboratories

Abbott Laboratories operates its business through segments such as Established Pharmaceuticals Products, Nutritional Products, Diagnostic Products, and Medical Devices. ARCHITECT i2000SR and ARCHITECT i4000SR are the key offerings of the company.

bioMérieux SA

bioMérieux SA operates its business through segments such as Clinical applications and Industrial applications. VIDAS beta2 Microglobulin is the key offering of the company. It is an automated test for the quantitative measurement of beta2 microglobulin in human serum or plasma and urine using the ELFA technique.

Bio-Rad Laboratories Inc.

Bio-Rad Laboratories Inc. operates its business through segments such as Life Science and Clinical Diagnostics. HEp-2 IFA, BioPlex 2200 Celiac IgA, BioPlex 2200 Anti-CCP, and Anti-CCP EIA are the key offerings of the company.

Danaher Corp.

Danaher Corp. operates its business through segments such as Life Sciences, Diagnostics, and Environmental & Applied Solutions. UniCel DxI 800 is the key offering of the company. It provides fast and accurate results with chemiluminescent technology.

F. Hoffmann-La Roche Ltd.

F. Hoffmann-La Roche Ltd. operates its business through segments such as Pharmaceuticals and Diagnostics. Elecsys Anti-TSHR, Cobas 4000 analyzer series, and Cobas 8000 modular analyzer series are the key offerings of the company.

Major Players Operating in the Global Metabolomics Market in 2020

Many investigators and researchers are using metabolomics in the study of chronic diseases such as cancer, which helps them to discover new biomarkers for cancer. The adoption of metabolomics technologies such as capillary electrophoresis is high as it offers quick and efficient metabolomics analysis and supports the advancement of detection, monitoring, understanding, and prediction of several diseases. Such applications of metabolomics will drive the market to grow during the forecast period. Furthermore, this industry research report also presents a competitive analysis of the market by application (biomarker and drug discovery, nutrigenomics, and toxicology testing) and geography (Asia, Europe, North America, and ROW).

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Competitive vendor landscape

The global metabolomics market is highly competitive with major vendors such as Agilent Technologies, Bio-Rad Laboratories, Bruker, Human Metabolome Technologies, and METABOLON, competing on the basis of price, quality, and product/service offerings.

“North America will hold the highest market share of the global metabolomics market throughout the forecast period. The presence of several key vendors is one of the primary reasons for the high growth of the metabolomics market in this region,” says a senior analyst at Technavio

Top five metabolomics market vendors

Agilent Technologies

Agilent Technologies operates in three segments: life sciences and applied markets, diagnostics and genomics, and agilent crosslab. The company’s key offerings include Agilent 7250 GC/Q-TOF system and Seahorse XF Analyzers.

Bio-Rad Laboratories

Bio-Rad Laboratories operates through two segments - life science and clinical diagnostics. The company’s key offerings include: KnowItAll Informatics System. This product is a fully integrated chemistry software and database package, which offers solutions such as search, analysis, structure drawing, and reporting for metabolomics.

Bruker

Bruker operates through two segments: Bruker Scientific Instruments (BSI) and Bruker Energy & Supercon Technologies (BEST). The company’s key offerings include Metabolic Profiler, MALDI Imaging, and MetaboScape.

Human Metabolome Technologies

Human Metabolome Technologies operates through its unified business segment. The company’s key offerings include: Capillary Electrophoresis Mass Spectrometric (CE-MS) platforms and Liquid chromatography-mass spectrometry (LC-MS).

METABOLON

METABOLON operates through its unified business segment. The company’s key offerings include: Complex Lipid Panel, Global Metabolomics, and Precision Metabolomics.

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Global Robotic Lawn Mower Market 2020-2024 | Evolving Opportunities With AL-KO KOBER SE & ANDREAS STIHL AG & CO. KG

The global robotic lawn mower market since 2017 and the market size is poised to grow by USD 436.16 million during 2020-2024, according to a new report by Technavio, progressing at a CAGR of over 19% during the forecast period.

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The market is driven by the increasing demand from commercial segment. Also, the development of smart cities is anticipated to further boost the growth of the robotic lawn mower market.

Robotic lawn mowers have emerged as an optimal solution for lawn mowing in the residential sector. Over the years, technological innovations in products have increased the popularity of these machines in the commercial sector as well. Robotic lawn mowers require low maintenance and can efficiently carry out lawn mowing activity in large garden areas with uneven ground surface in commercial spaces. Furthermore, the cordless structure gives robotic lawn mowers the flexibility to move around the garden landscape easily. These factors have contributed the growth in demand for robotic lawn mowers from commercial segment, thereby driving the growth of the market during the forecast period.

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Major Five Robotic Lawn Mower Companies:

AL-KO KOBER SE

AL-KO KOBER SE has business operations under various segments, which include Gardentech, Ventilation and air conditioning technology, and Automotive. The company offers Robolinho robotic lawnmowers.

ANDREAS STIHL AG & CO. KG

ANDREAS STIHL AG & CO. KG offers power tools such as chain saws, saw chains, guide bars, brushcutters, clearing saws, KombiSystem, MultiSystem, cleaning systems, backpack mistblowers, hedge trimmers, cut-off machines, concrete cutters, and products for tea plantation. The company offers iMOW Robotic mowers.

Deere & Co.

Deere & Co. operates its business through three segments, which include Agriculture and turf, Construction and forestry, and Financial services. The company offers TANGO robotic lawn mower.

Honda Motor Co. Ltd.

Honda Motor Co. Ltd. has business operations under various segments, which include Motorcycles, Automobiles, Financial services, and Life creation and other businesses. The company offers Miimo robotic lawn mower.

Husqvarna Group

Husqvarna Group has business operations under various divisions, which include Husqvarna, Gardena, Consumer brands, and Construction. The company offers Automower robotic lawn mower. Some of the products under this brand name include AUTOMOWER 115H, AUTOMOWER 310, AUTOMOWER 315 and others.