PTFE Market Analysis and In-Depth Analysis on Market Dynamics, Emerging Trends, Growth Factors and Sales Forecast

In 2018, the global polytetrafluoroethylene (PTFE) market generated a revenue of $2,197.8 million and is projected to attain a value of $2,953.6 million in 2024, witnessing a 5.0% CAGR during the forecast period (2019–2024). In terms of end use, the industrial processing sector is predicted to dominate the market during the forecast period, as the chemical is utilized for coating different products in the chemical processing industry in order to improve the electrical load bearing capacity of the base material, decrease friction and sticking, and enhance chemical and heat resistance.

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On the basis of type, granular category is expected to hold the largest share of the PTFE market during the forecast period, which is attributed to the suitability and extensive usage of this type in seals, gaskets, and rings for aerospace and automotive applications. The fastest growth is projected to be registered by the powder category during the forecast period because of its wide applications in coatings and electrical tapes, cables, and wires. In terms of application, the market is predicted to be dominated by the coatings’ division during the forecast period.

The rising requirement for PTFE from the electrical & electronics industry is a key driving factor of the PTFE market. PTFE finds in applications in different electrical & electronics products, such as fabrication of semiconductor devices, cable tires, barb insulators, battery binders, connectors, circuit breakers, and brush holders. In addition to this, the requirement for electrical and electronics goods is expected to increase in the coming years due to the growing population, primarily in the South Asian countries. This is further projected to drive the demand for PTFE.

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The utilization of PTFE in medical devices is a key trend in the PTFE market. PTFE has replaced the usage of conventional plastics because of its properties such as resistance to ultraviolet radiation, coefficient of friction, and chemical inertness. These properties make it suitable for sutures, bio-containment vessels, catheters, and syringes. Apart from this, the high chemical resistivity of PTFE makes it suitable for multi-lumen tubing, which is needed in minimally invasive procedures.

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What is the Major Trend Currently Observed in Global Sleep Apnea Devices Market?

The prevalence of obstructive sleep apnea (OSA) has risen considerably over the past few years. OSA is a serious sleep disorder and causes the breathing to stop and start during sleep. This disease is a type of sleep apnea and occurs when muscles of the throat relax intermittently and block the airway while sleeping. Some of the major symptoms of OSA include, loud snoring, excessive daytime sleepiness, abrupt awakenings accompanied by choking or gasping, morning headache, and observed episodes of stopped breathing during sleep. Attributed to this growing prevalence of OSA, the need for sleep apnea devices is growing rapidly.

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As per a report by P&S Intelligence, the global sleep apnea devices market is predicted to attain a value of $6.8 billion by 2023, rising from $4.4 billion in 2017, and is expected to advance at a 7.7% CAGR during the forecast period (2018–2023). Sleep apnea devices are of two types therapeutic and diagnostic, between which, the demand for therapeutic sleep apnea devices was higher in the past, and these devices are further predicted to be more in demand in the coming years as well.

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All these devices are utilized at-home and at sleep laboratories. The larger demand for sleep apnea devices in the past was created by sleep laboratories in the past, which is owing to the rising per capita healthcare spending and increasing investments by private and public organizations. Other than this, the demand for sleep apnea devices for utilization at-home is also projected to rise considerably in the years to come. This can be ascribed to the rising need for easy-to-use and compact devices in homecare settings across the globe. 

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Commercial Refrigeration Equipment Market Boom a Result of Economic Prosperity

In 15 years between 2002 and 2017, the average national per capita income around the world grew from $4,600 to $8,800, the World Bank reports. This has led to a significant increase in the spending power of people, which is helping them buy slightly costlier stuff, such as packed and ready-to-eat food products and beverages.

Hence, with the rising demand for ready-to-eat and packaged foods and beverages, the growth of commercial refrigeration equipment market is predicted to reach $59.0 billion by 2023, at a 6.2% CAGR during the forecast period (2018–2023). Such equipment is available as walk-in coolers, transportation refrigeration systems, display cases, beverage refrigeration equipment, ice making machinery, and parts.

Among these, the highest demand during 2013–2017 was for beverage refrigeration equipment, due to the technological advancements in such systems and changing consumer preference regarding hospitality. Food service, food and beverage retail, and food and beverage distribution are the major purposes for which such equipment is used. Historically, firms dealing in food service accounted for the highest adoption of such devices, due to the importance of instant food availability at hotels and restaurants.

With the increase in the number of such establishments, the demand for commercial refrigeration equipment for food service continues to boom. During the forecast period, the fastest growth in the usage of these systems would be for food and beverage retail.

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In fact, the growth of the organized retail sector is one of the primary reasons behind the increasing sale of equipment for commercial-scale refrigeration. In most nations, people in cities enjoy a higher purchasing power than those in rural areas. With the rapid urbanization, particularly in emerging economies, such as Brazil, India, and China, the demand for frozen and ready-to-eat stuff is rising.

Hence, as people’s demand for packaged, frozen, and ready-to-consume food products rises, so would the installation of refrigeration equipment at hypermarkets, supermarkets, and retail stores that offer such stuff.

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Insulation Market to Witness 8.6% CAGR during 2018–2025

The global air conditioner and refrigerator markets are witnessing significant growth, majorly because of the increasing demand for these systems from countries such as China and India. Moreover, due to global warming, the need for energy efficient heating, ventilation, and conditioning (HVAC) equipment is also surging. The energy efficiency of HVAC systems is determined by the amount of energy that is being consumed for the desired level of heating or cooling; hence the lesser the energy consumed, the higher the efficiency of the appliance. 

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In order to reduce the consumption of energy by enhancing the efficiency of insulation materials utilized in heating and cooling systems, various technological advancements are being undertaken. The process of insulation refers to the prevention of flow of sound, heat, or electricity, either from or into a building, by making use of non-conducting material. Among all the insulation products, the largest demand was created for glass wool during 2014–2017. 

 As per a study conducted by P&S Intelligence, in 2017, the global insulation market reached a value of $52,296.0 million and is predicted to grow at an 8.6% CAGR during the forecast period (2018–2025). The primary products utilized for providing insulation are mineral wool, expanded polystyrene (EPS), glass wool, and extruded polystyrene (XPS). Some other insulating products include calcium silicate, cellular glass, melamine foam, polyethylene, aerogel, calcium-magnesium-silicate fibers, perlite, expanded rubber, and spray foam. 

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Glass wool is a thermal insulator comprising knotted and flexible glass fibers that traps the air inside, resulting in low density. The insulator is made up of sand and has acoustic and thermal insulation properties, in addition to low weight and high tensile strength. During the forecast period, however, the largest demand is projected to be created for EPS. This is ascribed to its extensive usage in several thermal and acoustic applications due to its various properties including fire resistance, durability, light weight, and ease of recycling.

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How Technological Advancements Have Led to Flourishing Mobile Virtual Network Operators (MVNO) Market

Among the main reasons smart technology has become an indispensable part of our lives is the invention of compact and easily accessible devices, such as smart phones and computers, which utilize internet and mobile services to operate. The growing demand for cellular and broadband connectivity, in recent years, has been met by mobile virtual network operators (MVNOs) as they focus on innovative distribution and segment-based pricing strategies. They are able to provide cost-efficient mobile services to people as they utilize the existing telecom infrastructure of bigger mobile network operators (MNO). 

A P&S Intelligence study claimed that the MVNO market would grow to $98.0 billion in the near future from $55.1 billion in 2017 at a 9.7% CAGR. MVNOs are service providers who do not own cellular network infrastructure and licensed spectrum but purchase network services at wholesale prices from bigger MNOs and provide customers with services under their own brand name and retail prices. Media/entertainment, discount, business, telecom, migrant, retail, cellular M2M, and roaming are different types of MVNOs. In 2017, discount MVNOs remained the most profitable and will continue making the most of these services in the coming years. 

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Advancements in technology and the increasing spending power of consumers have resulted in the rising popularity of mobile phones and other such devices. Technical advancements have contributed immensely in bringing down the manufacturing and purchase cost of such devices, thereby leading to their increasing penetration and demand in society. This, in turn, has upped the demand for mobile data and other services. Other than basic calling and internet services, the demand for value-added services, such as enhanced video, voice, mobile TV, and mobile payment, is also witnessing a rise. MVNOs work by targeting a niche segment of customers by offering low-cost value-added and bundled service packages. As MVNOs function on MNOs’ network, MNOs also benefit from the increasing MVNO subscriber base and revenue generation.

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Europe has been the most productive region for MVNOs, as in a major part of Western Europe, MVNOs are greatly supported by telecom regulatory bodies, which is why the region will keep accounting for the largest presence of MVNOs in the coming years. This deep penetration of MVNOs in the region has resulted in an increase in the competition among them, thereby resulting in better provision of telecom services to customers and that too at fairly reasonable costs. However, in less than a decade, the MVNO market is expected to grow rapidly in Asia-Pacific, which will outpace Europe to become the most productive for such telecommunication firms.

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Polymyalgia Rheumatica Therapeutics - Pipeline Analysis, Clinical Trials & Results

Polymyalgia rheumatica is an inflammatory disorder which causes stiffness and aching, and usually affects adults over the age of 50 years. This disease affects women somewhat more than men. The cause of polymyalgia rheumatica is unknown.

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Polymyalgia rheumatica is related to another inflammatory disorder, giant cell arteritis, which can cause vision difficulties, scalp tenderness, jaw pain, and headaches. Pain in shoulders, neck, upper arms, buttocks, hips and thighs; stiffness in the affected areas; limited range of motion in affected areas; and stiffness in wrists, elbows and knees are some of the common symptoms of polymyalgia rheumatica.

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Involvement of the upper arms, with trouble raising them above the shoulders is common in the patients with this disease. Corticosteroids and nonsteroidal anti-inflammatory drugs (NSAIDs) are common medications for the treatment of polymyalgia rheumatica. GlaxoSmithKline plc is in the process of developing sirukumab as an interleukin 6 (IL6) human monoclonal antibody for the treatment of polymyalgia rheumatica. Other than this Chugai Pharmaceutical Co. Ltd., and Eli Lilly and Company are also involved in polymyalgia rheumatica pipeline.

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The report provides a comprehensive understanding of the pipeline activities covering all drug candidates under various stages of development, with the detailed analysis of pipeline and clinical trials.

Pipeline analysis of drugs by phases includes product description and development activities including information about clinical results, designations, collaborations, licensing, grants, technology, and others.

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Need for Efficiive Disaster Management Helping the Commercial Satellite Imaging Market Grow

The progress of the commercial satellite imaging market is being driven by the increasing demand for location-based services (LSB), use of satellite images by various sectors, and advancements in satellite imaging technology. As per P&S Intelligence, the domain generated a revenue of $2,411.8 million in 2017, and it is expected to advance during the forecast period 2018–2023 at a CAGR of 14.2%. It is also being predicted that by 2023, the market value would grow to $5,266.5 million. 

Satellite imaging simply refers to the scanning or photographing of the earth from satellites or aircraft at extremely high altitudes. The images, stored and shared digitally, are used for environmental monitoring, earth mapping, archeological surveys, and weather prediction. Natural resources, defense, infrastructure, energy, maritime, disaster management, location-based services (LBS), and others are the various application areas of satellite imaging. Among these, the defense sector contributed nearly 49.0% revenue to the commercial satellite imaging market in 2017, due to increasing terrorist activities and growing demand for efficient homeland security and crime mapping.

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While the defense sector will still generate the highest market revenue during the forecast period, the fastest growth will be witnessed in the disaster management niche, at around 17.0% CAGR. Over the years, the use of satellite imaging for predicting and assessing the damage caused by natural and man-made disasters has increased, especially in Europe and Asia. For instance, the recent floods in France were covered by satellite-image aided mapping, which helped in the timely sharing of assessment data with the authorities.

Now, on the basis of technology, the commercial satellite imaging market can be categorized as radar and optical. In 2017, images taken via optical technology held the larger revenue share, as the technology is cost-effective and the images produced are similar to how people see the world with their eyes. During the forecast period, this category is expected to hold on to its market dominance, but the radar technology category is predicted to grow faster. Radar technology creates high bandwidth signals that penetrate even smoke and clouds to generate clearer images of the earth. 

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Globally, North America generated the highest commercial satellite imaging market revenue in 2017 on account of the increasing use of the technology for tracking terrorist activities by the U.S. Department of Defense. Further, the rising number of natural disasters, specifically hurricanes, tornados, and floods, is impelling the government to use systems for monitoring these and as well as managing the damage these cause. This is why the region is expected to be the largest revenue contributor (more than 30.0%) to the domain in the future as well.

Therefore, we see that the growing terrorist and natural disaster threat will keep aiding the market progress during the forecast period.

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