Growing Demand for Mobiles Phones Equipped with Dual-Camera Driving Image Sensor Market

In 2017, the global image sensor market reached $15,934.8 million and is predicted to advance at a 6.2% CAGR during the forecast period (2018–2023). This is due to the development of low-power and compact complementary metal-oxide-semiconductor (CMOS) image sensors, rising usage of image sensors in biometric applications, and increasing demand for dual-camera mobile phones.

Image sensor is an electronic component which detects light waves and converts them into digital signals for conveying information. These sensors work on the principle of the conversion of variable attenuation of light waves into digital or analog signals.

Based on processing type, the image sensors market is classified into three-dimensional (3D) and two-dimensional (2D) image sensors. Of the two, in 2017, the 2D image-sensing devices registered a dominating revenue share of 70.0% in the market, and it is also anticipated to maintain its lead during the 2018–2023 period.

This is mainly ascribed to the fact that such devices have a wider availability in the market and offer greater compatibility with different systems. These devices are widely deployed for industrial temperature monitoring and measurement, and heat and body temperature detection purposes.

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Image sensors are being rapidly used in the automotive industry, specifically in advanced driver-assistance system (ADASs). They increase the driver safety by collecting information on nearby vehicles. ADAS includes different types of semiconductor devices, such as radio detection and ranging, and light detection and ranging-integrated sensors and cameras, which give drivers a complete view of their surroundings.

Thus, growing concerns towards vehicle and driver safety and surging demand for improved image quality in mobile phones are accelerating the image sensors market.

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Expanding Cement Manufacturing Domain Augmenting the Liquid and Air Filter Bags Sector Growth

The requirement for air and liquid filter bags from cement manufacturing and mining facilities is thriving. Further, the growing usage of these bags in the chemicals and pharmaceutical niche for processes such as filtration of gelatins, and purification of carbon are predicted to create huge opportunities for the manufacturers operating in the liquid and air filter bags sector during the forecast period.

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The government of various countries have started formulating regulations, such as the NESHAP (National Emission Standards for Hazardous Air Pollutants) in the U.S., for controlling harmful pollutants. Under this, manufacturing plants are required to attach filter bags on the equipment. If, in case the facility fails to follow the policies, it might be closed down. Thus, the rising adoption of the filtration process in the cement manufacturing and mining sector is boosting the liquid and air filter bags market growth.

Further, various nations’ governments have started implementing regulations, such as the National Emission Standards for Hazardous Air Pollutants (NESHAP) in the U.S. for curbing the emission of harmful pollutants. Under this, manufacturing units are directed to attach filter bags on their equipment to control the expulsion of pollutants in the environment. Liquid and air filter bags are widely adopted in other domain too such as water treatment, and steel and power, which is expected to boost the growth of the sector at a significant rate. 

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The demand for air and liquid filter bags from the mining industry and cement manufacturing facilities is growing. With the rise in infrastructure activities across the globe, there has been an increase in the setting up of mining and cement manufacturing industries. These industries use filter bags as a medium for removing the dust particles from the components, which are ultimately expelled into the air via chimneys during manufacturing process.

Besides, the increasing usage of these bags in the pharmaceutical domain during processes such as filtration of gelatins, purification of carbon, and recovery of active ingredients, is expected to create immense opportunities for the players operating in the liquid and air filter bags during the forecast period. Another industry where these bags are used in huge amounts is automotive, with manufacturers attaching these to the engines of cars to protect them from harmful particles.

Hence, the expanding cement manufacturing and mining industries and rising adoption of these bags in pharmaceutical and automotive domains are strengthening the the market.

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Global Advanced Wound Care Market to Ultimately Value $17,076.9 Million

To understand advanced wound care, it is first important to understand what type of wounds it is required for. Wounds, in general, can be classified as acute and chronic, wherein the former type heal within six weeks, whereas the latter type can take as may as 3–6 months. There are several types of chronic wounds, viz. infectious wounds, surgical wounds, and ulcers. If an acute wound caused due to injury or surgery gets infected, it can take longer than usual to heal, thereby transforming into the chronic type. However, ulcers are the most common type of chronic wounds in the U.S., affecting 6 million every year, according to a paper published by doctors associated with the Department of Veterans Affairs in Washington D.C.

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A common cause of ulcers is diabetes; it was reported in 2012 that almost 24.0% diabetes patients suffer from foot ulcers. Other than diabetic ulcers, people also commonly suffer from venous ulcers and arterial ulcers, caused due to the compromised functioning of veins and arteries, respectively, as well as pressure ulcers. Because the treatment of such wounds is often made difficult by neuropathy, inhibited cellular synthesis, and chances of infection, traditional wound care products prove ineffective. Therefore, the surging prevalence of chronic wounds gives an opportunity to the advanced wound care market to prosper.

Traditional Wound Care vs Advanced Wound Care

Traditional wound care products are easily available at clinics, medical stores and pharmacies, and even at supermarkets. Gauze, bandages, wadding, and lint are the most common types of such products. These are perfect for treating minor abrasions and cuts, and when used with an antibacterial ointment, they can be used for slightly more complicated wounds. These promote wound healing by drying out the affected area, which is accomplished by absorbing pus, blood, and other fluids. Traditional products also stop the bleeding, stop particles from irritating the site, and lessen the chances of infection.

Advanced wound care products, on the other hand, work on a completely opposite principle, of keeping the wound moist! This is important to let the wound breathe and promote cell repair as cells need water to survive and multiply. Such products also keep the temperature around the wound constant, allow for natural ventilation by maintaining the flow of oxygen, minimize chances of infection, remove the dead tissue, and lessen the pain felt during dressing change.

Reasons and Regions for Market Growth

As per a study done by P&S Intelligence, from $10,659.6 million in 2015, the advanced wound care market is expected to grow at a 7.0% CAGR during the forecast period (2016–2022). The is growing due to increasing geriatric population, number of chronic wounds, accidents, diabetics, and burn cases, obese people, volume of surgeries, awareness, and technological advancements. As already noted above, the incidence of chronic wounds is constantly on the rise. The National Institute for Health and Care Excellence mentioned in 2016 that the prevalence of venous leg ulcers in the U.K. is around 0.3%. Similarly, as per the 2010 Wounds General data, 7 million incidents of chronic wounds are registered in North America each year, thereby driving the market. This is why, North America is expected to be the most lucrative region in terms of growth opportunities for companies in the market, where the sales of such products are predicted to generate almost one-thirds of the worldwide revenue.

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High Temperature Elastomers Market Analysis and In-Depth Analysis on Market Dynamics, Emerging Trends, Growth Factors and Sales Forecast

Better properties of high-temperature elastomers compared to other types, coupled with their growing use in automotive and other industries, are driving the growth of the high temperature elastomers market. Globally, the domain accounted for a revenue of $9,991.7 million in 2017 and is predicted to grow to $14,951.4 million by 2023, advancing at a CAGR of 7.0% during the analysis period (2018–2023). Elastomers are made up of long chains of atoms, possessing elastic properties. These have important uses in the rubber, automotive, and chemical industries. 

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On the basis of type, the high temperature elastomers market is classified into perfluorocarbon, fluorocarbon, silicone, fluorosilicone, and others. Among these, in 2017, silicone was the largest category with a revenue contribution of more than 65.0% in the market. Due to its possession of elastic properties which are unaffected by extreme conditions, the requirement for silicone elastomers from the automotive and construction industries increased. In the construction industry, these are used as a structural glazing material and sealant, while the automotive industry uses elastomers for vibration dampers and cure -place gaskets. 

On a global ground, Asia-Pacific (APAC) is expected to be the fastest-growing market, registering a revenue CAGR of 7.4% during the analysis period. The growth of the high temperature elastomers market in APAC is backed by the presence of several end-use industries, rise in construction activities, and rapid economic growth. Moreover, China and India are predicted to drive the market, owing to the expanding industrial base in these countries. 

Based on the application, automobile and transportation, industrial machinery, healthcare, consumer products, and others are the categories of the high temperature elastomers market. In 2017, automobile and transportation held the largest sales volume share of more than 40.0% in the market. Automotive, transportation, and aerospace industries are increasingly using these elastomers, as these can survive extreme temperatures and have fine solvent and chemical resistance.

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High-temperature elastomers offer better heat-resistance of up to 200°C, enhanced seal integrity, high temperature stability, improved mechanical properties, extremely high performance, good chemical resistance, and excellent thermal resistance, compared to normal elastomers. These are used in many industries, such as transport, oil and gas, electrical, healthcare, and consumer goods, either independently or as an additive. For instance, in the transport sector, it is mainly used in the manufacturing of tires, specialty rubber, and seat covers. Thus, owing to the increasing demand for elastomers, which can withstand high temperatures, from these industries, the high temperature elastomers market is predicting to grow in the near future. 

Further, due to rapid urbanization and industrialization in developing countries, such as China and India, the high temperature elastomers market is expected to progress. These countries are expected to create various opportunities for the market players due to the growing industrial base. The growing construction activities and expanding automotive industry in these countries are escalating the demand for high-temperature elastomers, thereby resulting in growth opportunities for the market players in the present as well as future times. 

Hence, owing to the various applications of elastomers in different industries, the high temperature elastomers market is projected to flourish in the near future.

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Industrial Refrigeration Systems Market Driven by Growing Cold Chain Sector

The industrial refrigeration systems market is progressing due to the growing food and beverage processing domain in emerging economies and rising usage of such equipment in the chemicals and pharmaceuticals and cold chain industries. From $23,862.7 million in 2017, the market revenue is expected to increase to $33,614.3 million in 2023, at a 5.8% CAGR during the forecast period (2018–2023).

Such systems are generally larger compared to domestic-use models, as they are used to store significantly higher amounts of stuff. Condensers, compressors, controls, evaporators, and others are the various categories, on the basis of equipment type. Compressors are further divided into centrifugal, reciprocating, scroll, and screw.

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Among these, the reciprocating category led the industrial refrigeration systems market in 2017, with more than 32.0% share, in terms of value. Despite their high costs, these devices are preferred, as they create less heat and result in minimal energy wastage. Additionally, they find wide application in chemical factories and oil refineries.

During the forecast period, Asia-Pacific (APAC) is projected to experience the fastest growth in the market, in terms of value, due to the expansion of the cold chain, with the major chunk of the industry revenue coming from meats, seafood, ice creams, and vegetables.

In the coming years, these systems are expected to witness the fastest growth in demand by the chemicals & pharmaceuticals industry due to the rising requirement for pharmaceuticals across the globe, especially from the African region, as the countries in this region lack proper pharmaceutical industry setup. Due to this, the industrial refrigeration systems market is expected to register a 5.8% CAGR, generating $33.6 billion revenue, in the near future.

In addition, the processed food niche is also prospering in the region, with the demand for several traditional Asian food products rising in North America and Europe. This is leading to an increase in the international food trade, thereby driving the market.

Therefore, it is clear that the major driving factor for the market would be the need to effectively store and transport perishable items.

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What are the 3D printing materials driving sellers quality through SWOT and PESTEL consider?

In 2017, the 3D printing materials market generated $558.4 million and is expected to attain $1,365.6 million by 2023, advancing at a 16.7% CAGR during 2018–2023. The market is growing due to the enabling of mass customization due to 3D printing, growing demand for automobiles in emerging nations, and rising use of 3D printing in the manufacturing sector. The materials that are used in the 3D printing process, which involves the of printing 3D objects with help of sequential layers of materials, such as ceramics, plastics, and metals, are called 3D printing materials. 

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On the basis of form, the 3D printing materials market is divided into filament, liquid, and powder. Among these, filaments dominated the market during the historical period (2013–2017), accounting for a share of over 50.0% in 2017, in terms of volume. Due to their superior properties, including high density, excellent layer adhesion, wrap resistance, and reduced shrinkage, polylactic acid and acrylonitrile butadiene styrene are the most extensively utilized filaments in 3D printing. The division is further projected to contribute the largest share to the market during the forecast period. 

A key factor driving the growth of the 3D printing materials market is the growing use of 3D printing in the manufacturing sector. Various manufacturing companies are focusing on integrating additive manufacturing into their processes for better and fast results. Till now, a large number of companies were using 3D printing more for prototyping, which is considered the most popular application of 3D printing. However, medical & dental and aerospace & defense have started employing the technology for full-scale production processes, rather than just prototyping, as well. 

When application is taken into consideration, the 3D printing materials market is categorized into consumer goods, medical & dental, automotive, aerospace & defense, and others (which include electronics, jewelry, architecture, fashion, art & sculpture, and food). Out of these, the aerospace & defense application accounted for over 35.0% share of the market in 2017, in terms of value. The most expensive material utilized in 3D printing, titanium is primarily used in the aerospace & defense application, which results in highest revenue contribution to the market. 

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The enabling of mass customization due to 3D printing is another factor which is resulting in the growth of the 3D printing materials market. The production of customized goods in order to meet the demand of customers is called mass customization. The several advantages of mass customization include added value to goods, unique user experience, and collection of clients’ data. The use of 3D printing for mass customization removes any additional cost, as the process does not involve specific tooling and initial cost of mold, which are required for traditional manufacturing techniques. 

The adoption of 3D printing in the education sector is a major trend in the 3D printing materials market. The concept of 3D printing is being increasingly adopted in the education sector as it allows students to explore new ideas and design basic 3D shaped on tablets. Different schools have started integrating 3D printing technologies in their curriculum, as it will help enhance the creativity of students and allow them to test ideas in real space. This is further predicted to enhance the quality of education provided in different educational institutions. 

Hence, the market is growing considerably due to the enabling of mass customization because of 3D printing and the increasing usage of 3D printing in the manufacturing sector.

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Rising Product Demand from Oil & Gas Industry Driving Metering Pump Market Growth Globally

In 2018, the global metering pump market generated a revenue of $4.2 billion and is projected to witness a 6.0% CAGR during the forecast period (2019–2024). The market is growing due to the rising demand from the oil & gas industry, strict government regulations regarding water treatment, and growing demand from the chemical industry.

A metering pump is utilized for moving precise volumes of fluids (chemicals, solutions, and water) in a specified period of time and at an adjustable volumetric flow rate.

When type is taken into consideration, the metering pump market is divided into piston, diaphragm, and others (which include peristaltic pumps and syringe pumps). Out of these, the largest share of the market was occupied by diaphragm pumps during the historical period (2014–2018), both in terms of value and volume.

The division is further bifurcated into metallic and polytetrafluoroethylene (PTFE). The category of PTFE is predicted to hold the larger share of the market and grow at the faster pace during the forecast period, as PTFE pumps are cheaper than metallic pumps.

On the basis of end user, this market is categorized into petrochemicals, chemical processing, pharmaceuticals, pulp & paper, water treatment, oil & gas, food & beverage, and others (which include mining, construction, textiles, and agriculture).

Based on region, the metering pump market is categorized into Europe, Latin America, Asia-Pacific (APAC), Middle East & Africa, and North America. During the historical period (2014–2018), the largest share in the market, in terms of revenue, was accumulated by the APAC region

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Among these, the water treatment category accounted for the major share of the market during the historical period and is further predicted to retain its position during the forecast period. Metering pumps are utilized in wastewater treatment and municipal drinking water treatment applications for making water suitable for disposal or reuse.

Therefore, the market for metering pumps is headed toward a bright future due to the increasing exploration activities for CBM and oil & gas.

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