Boom Predicted in Ceramic Matrix Composite Sales in Coming Years

Ceramic matrix composites (CMCs) are used extensively in the aerospace industry. This is ascribed to the high strength-to-weight ratio and the excellent mechanical characteristics of these materials. Because of these properties, CMCs are heavily used in power transmission lines, high-speed machine components and parts, helicopter rotor blade sleeves, jet engine fans, and fighter aircraft ventral fins. Moreover, with the surging aircraft manufacturing in several countries, especially in the European countries, the demand for CMCs is skyrocketing across the world. 

As ceramic matrix composites are extremely lightweight and provide stiffness, high strength-to-weight ratio, wear resistance, and durability, they are being extensively used in aircraft manufacturing processes. Additionally, the usage of nano-composites in place of the traditionally used materials not only increases the overall efficiency and reliability of the manufacturing process but also reduces the mass of the aircraft. Apart from being heavily used in the aerospace industry, ceramic matrix composites are also extensively used in the defense sector.

The other major application area of these materials is the energy and power sector. With the mushrooming sales of these materials, the global ceramic matrix composites market is set for rapid expansion in the future years. The valuation of the market is predicted to grow from $1,891.3 million in 2015 to $6,006.1 million by 2024. Furthermore, the market is predicted to progress at a CAGR of 13.7% between 2016 and 2024.

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Globally, the ceramic matrix composites market will exhibit the fastest growth in the Asia-Pacific (APAC) region in the upcoming years, as per the forecast of P&S Intelligence, a market research company based in India. This will be primarily because of the mushrooming requirement for CMCs, on account of the increasing energy consumption, the soaring defense expenditure, and the surging investments being made in several space exploration projects in the emerging economies such as India and China. 

Therefore, it is quite clear that the sales of ceramic matrix composites will boom all over the world in the coming years, primarily because of their rising usage in the aerospace, defense, and automotive industries.

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Rising Sales of Counterfeit Products Fueling Demand for Anti-Counterfeit Packaging Technologies

The increasing concerns being raised many product manufacturing organizations in several countries over the losses incurred due to the sales of counterfeit products are causing a sharp rise in the demand for anti-counterfeit packaging solutions across the world. In addition to this, the concerns being raised by several pharmaceutical organizations over the damages caused due to the usage of spurious products are augmenting the demand for anti-counterfeit packaging technologies around the world. 

Many manufacturers are increasingly adopting these solutions, primarily because of their concerns regarding damage to brand image, on account of the usage of fake and counterfeit products by their customers. Furthermore, the threat of lawsuits, financial losses, and concerns over the health of their customers are making many organizations operating in the chemicals, consumer goods, and food and beverages industries adopt anti-counterfeit packaging solutions. This is, in turn, fueling the advancement of the global anti-counterfeit packaging market. 

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Geographically, the anti-counterfeit packaging market registered the highest growth in North America in the past years, as per the observations of P&S Intelligence, a market research company based in India. This was because of the huge production capacities of organizations working in the food and beverages, clothing and apparels, and pharmaceutical industries in the U.S., Mexico, and Canada. The market is predicted to record the fastest growth in the Asia-Pacific (APAC) region in the future.

Hence, it can be said with full confidence that the demand for anti-counterfeit packaging solutions will explode all over the world in the upcoming years, primarily because of the rising concerns being raised over the sales of counterfeit products by various organizations across different verticals.

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Asia-Pacific Printing Inks Market Set for Prosperity in Coming Years

The Asia-Pacific printing inks market is set for lucrative growth in the coming years. The major factors propelling the advancement of the market are the rising usage of packaged food items and the growing requirement for bio-based products throughout the world. Printing inks are pastes or liquids that contain dyes or pigments and are used for coloring surfaces for producing images, designs, or texts. They are heavily used for coloring various surfaces such as cardboards and newspapers.

Depending on product, the market is divided into gravure inks, lithographic inks, digital inks, letterpress inks, flexographic inks, and others, wherein, the others category includes fluorescent inks, magnetic inks, and metallic inks. Amongst these, the flexographic inks category recorded the highest growth in the market in the past. This was because of the various beneficial traits of these inks such as their ability to support numerous colors and their ability to be used with both oil-based and water-based inks.

During the last few years, regional countries such as Indonesia, China, and India have emerged as some of the biggest printing inks markets in the APAC region. The rapid commercialization and industrialization in these economies have caused a sharp rise in the usage of printing inks, especially in offices. Additionally, the improving living standards of people in these countries are pushing up the demand for food items, which is, in turn, propelling the requirement for printing inks in the region.

Thus, it can be said with certainty that due to the growing requirement for printing inks in various packaging applications, the market will register huge growth in the coming years. 

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How Are Diesel Genset Manufacturers in U.S. Responding to Strict Emission Norms?

The U.S. is one of the most technologically advanced countries on earth, evident in the high usage of edge computing, the internet of things (IoT), and 5G connectivity. All these technologies are leading to the rising data traffic, which, in turn, is creating a high demand for additional storage space. As a result, data centers are being constructed around the country to help people cost-effectively store and manage their digital data.

P&S Intelligence says that due to the rising number of data centers, the United States diesel genset market will grow at a 7.2% CAGR between 2020 and 2030 (forecast period), to reach $3,797.6 million by 2030 from $2,187.4 million in 2019. This is because data centers have several systems, such as servers, internet routers, heating, ventilation, and air conditioning (HVAC) equipment, and security and backup devices, that cannot tolerate voltage spikes. Further, even a short power cut can disrupt data traffic, which is why a continuous power supply at a constant voltage is imperative at data centers.

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The major trend in the U.S. diesel genset market is the introduction of technologically enhanced variants. In 2015, the U.S. Environmental Protection Agency (EPA) implemented the Tier 4 exhaust emission standards for non-road engines, citing the carcinogenic nature of such machines and the greenhouse gases (GHGs) emitted by them. This move fueled the race among genset manufacturers, especially Cummins Inc., Caterpillar Inc., and Atlas Copco Construction Equipment North America, to unveil next-generation variants that, apart from complying with these standards, are also reliable and durable.

Therefore, with the increasing construction activities and instances of power outages, the sales of diesel gensets will rise in the U.S.

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Endoscope Market Upcoming Future Growth and Opportunities with Dazzling Key players

The global endoscopy devices market is growing significantly due to widening application of endoscopes, increasing popularity of minimally invasive surgery and technological advancement in the industry. The need of minimally invasive procedure is considerably increasing in the market, owing to decreased risk of blood loss and infection during the surgery, smaller scar on the body, cost saving, shorter stay in hospital and faster recovery.

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The endoscopy devices market is categorized on the basis of product and application. On the basis of products, the market can be categorized as endoscopes, visualization equipment and others. The various types of endoscopes include rigid endoscopes, robot assisted endoscopes, flexible endoscopes and capsule endoscopes; whereas, visualization equipment includes endoscopic ultrasound devices, standard definition visualization systems and high definition visualization systems. On the basis of application, the endoscopy devices market can be segmented as arthroscopy, laparoscopy, otoscopy, gastrointestinal endoscopy, bronchoscopy, laryngoscopy, arthroscopy, urology endoscopy, mediastinoscopy, and others.

Some of the factors driving the growth of the global endoscopy devices market are increasing inclination towards minimally invasive surgeries, increasing geriatric population, increasing demand for cost-effective procedure, and increasing prevalence of diseases requiring minimally invasive surgery. In addition, increasing healthcare spending, refining healthcare infrastructure, increasing healthcare awareness, and technological advancement in endoscopy instruments are the other factors fueling the growth of the global endoscopy devices market. However, high cost of endoscopic procedure, and lack of trained professionals are some of the factors restraining the growth of the endoscopy devices market to some extent. Further, safety concerns associated with reused endoscopes is also inhibiting the growth of the global endoscopy devices market.

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Crude Oil Price Recovery Powering Sales of Centralizers and Float Equipment

The recovery in the global crude oil prices is one of the major factors responsible for the burgeoning sales of centralizers and float equipment across the world. With recovery in global crude oil prices since the middle of 2016, several oil and gas organizations around the world are launching extensive oil and gas exploration and production (E&P) activities. For example, British Petroleum (BP) plc launched Mad Dog oil field operations’ second phase.

According to the estimates of the Organization of Petroleum Exporting Countries (OPEC), the worldwide oil demand is predicted to grow from 95.4 million b/d to 111.1 million b/d from 2016 to 2040. This mushrooming requirement for oil and gas products will propel the sales of centralizers and float equipment in the forthcoming years. Due to these factors, the global centralizers and float equipment market is set to exhibit lucrative growth in the coming years.

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Geographically, the centralizers and float equipment market registered the highest growth in North America in the past years, as per the observations of P&S Intelligence, a market research company based in India. This was credited to the fact that North America has historically been the world’s biggest oil and gas producing region. Moreover, the huge investments being made in oil and gas E&P activities will boost the sales of centralizers and float equipment in the region in the upcoming years.

Hence, it can be said with surety that the demand for centralizers and float equipment will surge all over the world in the forthcoming years, primarily because of the recovery in crude oil prices and the increasing number of oil and gas exploration and production activities in various countries around the world.

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Why is Electric Vehicle Deployment Surging in ASEAN Region?

Due to the rising concerns being raised over the environmental pollution and damage caused by the oil- and gas-powered vehicles, the governments of various ASEAN (Association of Southeast Asian Nations) countries are enacting regulations for automobile manufacturing and encouraging the usage of electric vehicles, in place of the conventional oil- and gas-powered ones. Moreover, several governments are also launching schemes, in the form of subsidies and financial incentives, for fueling the deployment of electric vehicles.

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As the adoption of electric vehicles can massively reduce the emission of carbon dioxide, the governments of several ASEAN countries are implementing policies aimed at propelling the sales of these vehicles. Many governments are launching incentive schemes to boost the adoption of electric vehicles in transport fleets. For example, the Thailand Board of Investment (BOI) announced in April 2019 that it would reduce excise tax from 8% to 2% for automakers planning to manufacture electric vehicles in Thailand.

Furthermore, many automobile manufacturing companies are investing heavily in the manufacturing of electric vehicles in the ASEAN region. For example, Toyota Motor Corporation announced in June 2019 that it would invest around $2 billion in electric vehicle manufacturing in Indonesia. Such huge investments being made by automobile manufacturers are fueling the advancement of the ASEAN electric vehicle market, as per the observations of P&S Intelligence, a market research company based in India.

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Hence, it is safe to say that the sales of electric vehicles would shoot-up in the ASEAN region in the forthcoming years, mainly because of the rising enactment of favorable government policies and the provision of several financial incentives by the governments of the regional countries.

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