Globle Structural Adhesives Market 2018-2024 Growth Analysis by Requirements, Demands and Supply

Structural adhesives are relatively strong adhesives which are normally used below their glass transition temperature. They can be used to produce a load bearing joints. Also, these adhesives can join parts without detracting or interfering from their finish such as machine fasteners or welding. The global structural adhesives market is registering a good growth in recent years, and anticipated to grow at a significant rate in the coming years, owing to wide range of application areas ranging from aerospace to kitchen appliances to sporting goods and automobiles. These adhesives can carry substantial stresses, and lend themselves to structural applications.

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Limited scope of development and penetration in developed countries of North America and Europe, stringent environment regulations, and constantly changing standards are among the major challenges restricting the structural adhesives market growth. The scope of development and penetration of these adhesives is quite limited in developed market, as these markets are already in mature stage and far advanced in technology as compared to other developing markets, hence this may provide very less opportunities to the market players, hindering the market growth.

Government regulations related to the critical product application in automotive and aerospace industries provide a challenge for new industry players and participants. Also, fluctuations in raw material prices are also making it difficult for players to operate in the market.

Asia-Pacific is expected to be the fastest growing region in the structural adhesives market, which may be attributed to the increasing demand of these adhesives in countries such as China, India, Taiwan, Singapore, and others for variety of applications. The expanding automotive industry, and increasing focus on renewable energy are the major factors driving the demand of these adhesives in the region, resulting in market growth.

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The various key players in the structural adhesives market is introducing advanced product in the market for variety of applications to stay competitive in the market. 3M Company, Sika AG, H.B. Fuller, DowDuPont Inc., Huntsman Corporation, Ashland Inc., Henkel AG & Co. KGaA, Lord Corporation, Mater Bond Inc., Illinois Tool Works Inc., Bostik, Parson Adhesives, Inc., and Permabond LLC. are some of the key players operating in structural adhesives industry.

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Top trends influencing "Global Ceramic Fiber Market" outlook: An in-depth analysis of the global industry expansion

Ceramic fiber is composed of long flexible, interwoven fibers that are manufactured by the process known as ‘spun’ which yields a lightweight, strong, and durable product. These fiber is also known as high-temperature insulation wool (HTIW). These fibers are made of aluminosilicate materials that are controlled with the help of high temperature furnace melting and fiberizing process. The global ceramic fiber market is to progress at a considerable rate during the forecast period, owing to the increasing demand of technologically advanced, lightweight, less toxic, and renewable products in the market.

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The typical application areas of this fiber include refining and petrochemical, reformer and pyrolysis furnaces, gaskets and expansion joints, tube seals, high temperature pipe, duct and turbine insulation, and various others.

High cost of production and limited availability are identified as major challenge in the ceramic fiber market, which can potentially hinder the market growth. The fixed capital cost of manufacturing this fiber is high and cycle time is slow. Costs can fluctuate on how much is being produced per unit of time. The price can be lowered by producing the fiber with much less capital requirement at low sales volume. All these factors are posing a challenge in the market growth.

The manufacturing of these fibers includes three steps including preparation of bulk, preceramic material to spun; and then spinning the bulk material into a green fiber; and finally heat treating the spun green fiber to convert this into ceramic fiber. The most effective way to lower down the costs of these fibers is to increase the production volume, as all other efforts to reduce fiber cost will have very less impact as compared to increases production volume.

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During the forecast period, Asia-Pacific is anticipated to witness the highest growth in the ceramic fiber market, owing to the growth of various industries such as automotive, construction, manufacturing, and other industries. Along with that, the growing investment in the research and development to encourage the use of less-toxic products in the region are also contributed towards the increasing demand of the product in the region.

Some of the major players operating in the ceramic fiber industry are Unifrax I LLC, Luyang Energy-Saving Materials Co., Ltd., Morgan Advanced Materials Plc, Ibiden Co., Ltd., Fibrecast Inc., Yeso Insulating Products Co. Ltd., Nutec Fibratec, Isolite Insulating Products Co. Ltd., Ceramsource, Inc., Pyrotek Inc., and ADL Insulflex Inc.

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Top trends influencing "Global Sleep Apnea Devices Market" outlook: An in-depth analysis of the global industry expansion

Sleep apnea is chronic and progressive health problem. There are numerous types of sleep apnea, although the most frequent type is obstructive sleep apnea. The global sleep apnea devices market is growing at significant rate due to escalating occurrence of sleep apnea and increasing lifestyle associated diseases. Different types of products contributed to the sleep apnea devices market size. The market has witnessed high demand for diagnostic devices over the last few years, due to mounting alertness about the harmful consequences of sleep disorder and mounting government and private organizations schemes regarding sleep disorder.

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The lack of patient compliance, long waiting period, penetrating cost related with products and complex referral pathways are the major challenges for the growth of sleep apnea devices market.

The diagnostic device manufacturers are expected to have enormous opportunities, as the governments in various countries are introducing initiatives associated with healthcare expenditure for sleep apnea. The survival of new entrants and small players is a challenge in the sleep apnea devices market due to high capital investment and stringent regulatory requirements for the approval process.

Geographically, North America is the largest sleep apnea devices market as the region has high growth of home sleep testing devices, technologically advanced devices, and release of grants and finances by private and government institutions to encourage alertness of sleep apnea. In addition, increasing healthcare expenditure, and increasing prevalence of lifestyle associated disease such as obesity which further escalating occurrence of sleep apnea are also fueling the growth of the North American market. For instance, according to Centers for Disease Control and Prevention (CDC) in 2011-2014 more than 36.5% adults in the U.S. were obese.

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Asia-Pacific is observed to witness fastest growth in the market as the region comprise of largest population. In addition, escalating occurrence of sleep apnea and initiatives by government and private organizations to establish alertness regarding sleep disorder is also creating a positive impact on the sleep apnea devices industry growth in the region.  

Key players in the sleep apnea devices market are investing in the development of innovative and advance products, which is strengthening their position in the market. In March 2018, Philips announced the opening of Southeast Asia’s first Sleep and Respiratory Education Center in Singapore, to provide free sleep and respiratory care training. Koninklijke Philips, BMC Medical, Fisher & Paykel Healthcare, Somnomed, Compumedics, Löwenstein Medical, Whole You, Resmed, Drive Devilbiss Healthcare, Braebon Medical are the key players offering sleep apnea devices products.

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Global Hot Melt Adhesives Market – Growth Factor, Trends, Demands, Application, Analysis and Forecast to 2024

Hot melt adhesives are usually in the form of thermoplastic adhesive that is applied with the help of hot glue gun as a result of which these adhesives are also known as hot glue. There is presence of huge array of polymers in this category that comprises of both synthetic and natural adhesives. The global hot melt adhesives market was valued at USD 7.9 billion in 2017 and is expected to contribute revenue of USD 11.9 billion by 2024, registering a CAGR 6.1% during the forecast period (2018 – 2024). The growth of this market is attributed towards the increasing capability of consumers in spending power in developing countries along with increasing expansion of the packaging industry.

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The fluctuating prices of raw materials of hot melt adhesives is the major factor hindering the growth of global hot melt adhesives market. It has been observed that the raw material prices that are used in the adhesives are volatile and manufacturers are developing reform sin order to maximize their profit margins. Balancing of cost of production and selling cost becomes difficult task for the producer which is thereby restraining the growth of global hot melt adhesives market.

Globally industry players of global hot melt adhesives market are leveraging market growth through shifting trends from traditional methods to innovative automotive assembly methods. Moreover, the key players in the global hot melt adhesives market are upgrading technology and developing new products in order to gain competitive edge in this industry.

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Geographically, North America hot melt adhesives market is projected to generate largest revenue of USD 3.9 billion by 2024, registering a CAGR of 6.1% during the forecast period. Moreover, Asia Pacific is expected to witness fastest growth during the forecast period owing to flourishing infrastructure development in countries such as India and China.

Some of the major players operating in the global hot melt adhesives market are Sika AG, Beardow & Adams (Adhesives) Limited., 3M Company, Westlake Chemical Corporation, Bostik Inc., Jowat SE, H.B. Fuller Company, Avery Dennison Corporation, Arkema Group, DowDuPont Inc., and Henkel & Co. KGaA.

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Global High Strength Steel Market – Growth, Trends, Demands, Analysis and Forecast to 2024

High strength steel is majorly used for structural applications and is also known as structural steels. It can be produced using or without using small amount of micro alloying elements. The tensile strength and hardness of this steel requires high wear resistance and chipping resistance tooling materials.

The tempered and quenched steel are combined to form high strength and tough steel that are used in variety of applications in different industries. The global high strength steel is witnessing a good growth in the market, owing to its properties. Some of the quality of this steel includes high strength, high versatility, and formability. This type of steel is typically used in applications where high durability is required.

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The main factors identified as a challenge in high strength steel market growth which can hinder the market growth are high production cost and advancement in the grades of ultra-high strength steels and advanced high strength steels. In the recent years, high strength steel has replaced the mild grades of steels in the higher load-bearing and crash-resistant parts of the Body-In-White (BIW). Similarly, the consistent advances in steel processing technology are resulting in steels with new and improved properties, which can possibly affect the market growth in the coming years.

The value chain of the steel industry consists of multiple steps including sourcing of raw materials, production of steel, transportation, sales, end use, and recycling. The use of the this type of steel has enabled the customers to manufacture products that use less material, reduce cost, are stronger, lighter, and more durable, thus providing more competitive products.

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Globally, Asia-Pacific is the largest producer and consumer of steel in the world and thus dominating the high strength steel market. Developing countries such as China, India, Taiwan, and others are contributing significantly towards the increasing demand of this type of steel due to the expanding automobile industry and rapid industrialization. European market is expected to witness the fastest growth in the coming years, which will provide lucrative growth opportunities to the industry players.

Wuhan Iron and Steel Corporation, Tata Steels Limited, United States Steel Corporation, China Steel Corporation, SSAB, Novolipetsk Steel, Shandong Iron and Steel Group, JFE Steel Corporation, Hebei Puyong Steel Group, Baosteel Group Cororation, JSW Steel, and Metinvest Holding LLC are some of the major players operating in the high strength steel market.

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Global Plastic Straps Market – Growth, Trends, Demands, Analysis and Forecast to 2024

The global plastic straps market is projected to reach USD 4.9 billion by 2024, at a CAGR of 19.4 % from 2018 to 2024. The global plastic straps market is anticipated to witness an exponential growth in the market during the forecast period, owing to the increasing use of these straps in the steel, paper, and other industries. The demands of these straps are increasing due to their properties which include easy handling, high flexibility, lightweight, and others.

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The major challenges identified in the plastic straps market are the fluctuating cost of raw material and environment pollution. As plastic is a very long-lived product and the production and disposal of it is contributing to an array of environmental problems, which is among a major challenges faced by the industry, that can potentially hinder the market growth.

The downstream plastic industry (conversion of polymers into plastic articles) is highly fragmented and consists of micro, small, and medium units. The players operating in the market are competing on various parameters such as innovation, performance, delivery speed, quality, reliability, supply chain capacity, and others. Moreover, the players are providing value-added services to their customers and also adapting the changing preference to achieve the competitive edge in the plastic straps market.

Globally, Asia-Pacific plastic straps market is expected to register the highest growth in the market during the forecast period. The growth can mainly be attributed to the positive economic growth due to the increasing purchasing power and increasing disposable income of the Asian countries such as China, India, Japan, and others. Also, expanding industries in the region is also leading to the growth of the plastic straps market.

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Along with that, in North America, the demands of polyester straps are increasing due to its low cost and lightweight advantage, which is also boosting the market growth in the region.

Crown Holdings, Messersì Packaging, Teufelberger, Polychem Corporation, Scientex Berhad, Linder Seevetal, Mosca Direct Limited, Dubose Strapping, PAC Strapping Products, and Auto Strap India are some of the major players operating in the plastic straps industry.

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Global Electric Vehicle Market – Analysis, Application, Growth, Size, Share, Trends and Forecast to 2024

Electric vehicle (EV) is a vehicle which requires one or more electric motors and makes its own electricity for propulsion. The global electric vehicle market is growing at significant rate, due to mounting alarm about environmental pollution and promising government strategies and supports. Different propulsion type contributed to the electric vehicle market size.

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Usage of vehicle-to-grid (V2G) EV charging stations, volumetric swell in the automotive sector, improving charging infrastructure, reducing cost of lithium ion batteries and EV charging stations motorized by solar panels are also facilitating the growth for the electric vehicle market.

Dearth of standardization, short lifespan of the EV battery, poor charging infrastructure, and stringent rules for installation of charging stations are the major challenges for the growth of electric vehicle market. In addition, limited vehicle range, high manufacturing price of EVs, and small distance traveled by EVs are also hindering the growth of the market.

Globally industry players are leveraging market growth through launching new products. Different players are investing in development of new battery technology to lower the cost of electric vehicles to compete against gasoline vehicles in terms of price and performance. In the coming years, industry leaders are anticipated to significantly lower the cost of these vehicles and enhance performance of these vehicles leading to adoption by masses.

Geographically, Asia-Pacific is the largest electric vehicle market and is observed to witness fastest growth in the market due to government assistance in the manner of permits, supports, and tax rebates. Constantly refining charging setup in countries such as Japan and China and expanding vehicle range are also up surging growth of the Asia-Pacific electric vehicle market.

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In addition, China is the budding market for the EVs, as it has utmost number of EVs fabrication industries and largest fleet of EVs on the road. Moreover, availability of strong charging infrastructure and government support are the factors driving the growth of the China electric vehicle market. For instance, according to China Association of Automobile Manufacturers in February 2018, the production of BEV reached 56,706 units and is increasing 168.4% year on year.

Key players in the electric vehicle market are catering the demand by collaborating with small players and investing on technologically advanced EVs across the globe. In July 2018, BMW Group and Great Wall Motor signed an agreement to produce MINI electric vehicles. Tesla, BMW, Volvo, Nissan Motor, Toyota, Hyundai, Volkswagen, Ford, BYD Auto, Honda and Daimler are the key players offering electric vehicle.

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Global Light Electric Vehicle Market – Analysis, Application, Growth, Size, Share, Trends and Forecast to 2024

The global light electric vehicle market is a high performing market that holds the potential to address the environmental concerns with respect to the increasing pollution caused due to vehicles. The global light electric vehicles market revenue is predicted to increase at a CAGR of 9.4% during the forecast period. Light electric vehicles are the either muscle or pure electric vehicles, generally weighing less than 100 kg. These electric vehicles could be two-wheeler, three-wheeler or four-wheeler such as e-bikes, e-motor-bikes, e-scooters, pedelecs, electric wheelchair, electric quads among others. The light electric vehicle industry is also driven by the government initiatives and subsidies, increasing affordability of light electric vehicles and the high demand for sustainable forms of automotive technology.

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The deployment of light electric vehicles for daily use and lack of proper rules to adhere speed limits are the major challenges observed in the market. The adoption rate of these products is relatively slow in several international cities that hinder the global market growth.

Globally industry players are leveraging market growth through geographic expansion and launching new products. Different players are investing in development of new battery technology to lower the cost of light electric vehicles to compete against gasoline vehicles in terms of price and performance. In the coming years, industry leaders are anticipated to significantly lower the cost of these vehicles and enhance performance of these vehicles leading to adoption by masses.

APAC is registered as the largest light electric vehicle market as the region encompasses rapid urbanization demanding sustainable and affordable transport solution. Further, to curb the increase in pollution level of the industrial economies including China and India, the government initiatives and subsidies are also driving the growth of the regional market. Europe is also witnessing high demand of electric bikes contributing to the growth of the light electric vehicles market in the region.

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Key players in the light electric vehicle market are acquiring other similar firms to strengthen their position in urban mobility. For instance, in July 2018, Accell Group announced the acquisition of Velosophy BV, a provider of electric cargo bike solutions. Some of the other players in the light electric vehicle market include Textron, Inc., BMW Motorrad, Auro Robotics, Ingersoll-Rand plc, Polaris Industries, Inc., Gogoro Inc., GOVECS GmbH, Lit Motors Inc., Mahindra GenZe, Piaggio & C. SpA, Terra Motors,Vmoto Limited, Yadea Technology Group, Zero Motorcycles Inc., AIMA Technology Group Co. Ltd., and Jiangsu Xinri E-Vehicle Co.,Ltd.

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Global Light Electric Vehicle Market – Analysis and Forecast (2018-2024)

The global light electric vehicle market is a high performing market that holds the potential to address the environmental concerns with respect to the increasing pollution caused due to vehicles. The global light electric vehicles market revenue is predicted to increase at a CAGR of 9.4% during the forecast period. Light electric vehicles are the either muscle or pure electric vehicles, generally weighing less than 100 kg. These electric vehicles could be two-wheeler, three-wheeler or four-wheeler such as e-bikes, e-motor-bikes, e-scooters, pedelecs, electric wheelchair, electric quads among others. The light electric vehicle industry is also driven by the government initiatives and subsidies, increasing affordability of light electric vehicles and the high demand for sustainable forms of automotive technology.

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The deployment of light electric vehicles for daily use and lack of proper rules to adhere speed limits are the major challenges observed in the market. The adoption rate of these products is relatively slow in several international cities that hinder the global market growth.

Globally industry players are leveraging market growth through geographic expansion and launching new products. Different players are investing in development of new battery technology to lower the cost of light electric vehicles to compete against gasoline vehicles in terms of price and performance. In the coming years, industry leaders are anticipated to significantly lower the cost of these vehicles and enhance performance of these vehicles leading to adoption by masses.

APAC is registered as the largest light electric vehicle market as the region encompasses rapid urbanization demanding sustainable and affordable transport solution. Further, to curb the increase in pollution level of the industrial economies including China and India, the government initiatives and subsidies are also driving the growth of the regional market. Europe is also witnessing high demand of electric bikes contributing to the growth of the light electric vehicles market in the region.

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Key players in the light electric vehicle market are acquiring other similar firms to strengthen their position in urban mobility. For instance, in July 2018, Accell Group announced the acquisition of Velosophy BV, a provider of electric cargo bike solutions. Some of the other players in the light electric vehicle market include Textron, Inc., BMW Motorrad, Auro Robotics, Ingersoll-Rand plc, Polaris Industries, Inc., Gogoro Inc., GOVECS GmbH, Lit Motors Inc., Mahindra GenZe, Piaggio & C. SpA, Terra Motors,Vmoto Limited, Yadea Technology Group, Zero Motorcycles Inc., AIMA Technology Group Co. Ltd., and Jiangsu Xinri E-Vehicle Co.,Ltd.

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Global Combined Heat and Power Market – Analysis and Forecast (2018-2024)

Combined heat and power, also known as cogeneration, is the production of heat and electricity from a single source at the same time. It is a system that reclaims lost energy by using the waste heat to provide heat to the power plant or to the buildings which are connected to the power plant through a steam pipe network.

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The global combined heat and power market is growing at a good rate and also expected to grow at a decent rate in the coming years, as it increases the efficiency of power generation up to 80% and is suited for industrial parks, military bases, college campuses, and others which are close to the power sources to use the cogenerated heat.Increasing energy demand in commercial and industrial sector, stringent government regulation, abundant natural gas supply along with low pricing are the major factors that are driving the combined heat and power market growth. The demand of energy is increasing in commercial and industrial sector and this is a clean way to generate electricity and thermal energy from a single fuel cell, which can significantly reduce the dependency of electricity purchasing from local utility and afterwards burning fuel in a boiler, and hence driving the market growth.

The high initial investment is the major factor which can hinder the combined heat and power market growth in the coming years. As these systems are made of complex technologies, they are costly to install in small or medium size enterprises. However, in large industries, they are proved to be beneficial.

The major players in the combined heat and power market are focusing on merger and acquisition strategies in order to expand their regional presence and gain competitive advantage in the market.

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Globally, Asia-Pacific is the largest combined heat and power market and is also expected to retain its largest share during the forecast period. Rapid industrialization and growing urbanization along with the increasing demand of clean fuel energy will propel the growth of the region’s combined heat and power industry. Along with that, strict norms to reduce the carbon emission along with decentralized power generation will propel the market growth in the region.

ENER-G Rudox, AN Diesel & Turbo, General Electric, Caterpillar, Mitsubishi, Kawasaki, Bosch Thermotechnology, Viessmann Werke, FuelCell Energy, MWM, Cummins, Veolia, BDR Thermea, CENTRAX Gas Turbines, Wartsila, ABB, 2G Energy, Aegis Energy, and Siemens AG are some of the major players operating in the combined heat and power industry.

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Global Hospital Lighting Market – Analysis and Forecast (2014 - 2024)

The global hospital lighting market is expected to be valued at USD 9.1 billion by 2024, is expected to witness CAGR of 10.7% during the forecast period (2018 – 2024). Lighting is observed to play significant role in the infrastructure of healthcare domain as it is widely implemented in ICU, wards, operation theatres and other settings in the hospital. The manufacturers of lighting are rapidly innovating products that enables efficiency and low cost. The extensive growth of the market is attributed towards increasing demand for suitable lighting in the hospital to relax the patients at the time of treatment and enable improved vision and enhancing the productivity of hospital staff.

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High initial set up cost, high cost associated with products of individual lighting and costly fixtures is expected to hinder the growth of the market. Moreover, due to contact of these lights with high temperatures might lead to failure of product that further creates hindrance in the growth of the hospital lighting market.

Globally industry players are leveraging market growth through technological advancements and innovations, providing product differentiation to the users, excessive emphasis upon the enhancement of their product in order to cater to the increasing demand for advanced systems and contribute towards the growth of the hospital lighting industry.

Geographically, Asia-Pacific is expected to witness fastest growth 8.6% CAGR in the hospital lighting market due to extensive diffusion of innovative lighting solutions for implementation in healthcare domain. There are several hospitals in Asia-Pacific that are seeking for the solutions of lighting that helps in reduction of energy to conserve it and thus reducing the operating costs of the medical amenities. Europe is another key market for these solutions, as there are several major players operating in the hospital lighting industry in this region.

High initial set up cost, high cost associated with products of individual lighting and costly fixtures is expected to hinder the growth of the market. Moreover, due to contact of these lights with high temperatures might lead to failure of product that further creates hindrance in the growth of the hospital lighting market.

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Globally industry players are leveraging market growth through technological advancements and innovations, providing product differentiation to the users, excessive emphasis upon the enhancement of their product in order to cater to the increasing demand for advanced systems and contribute towards the growth of the hospital lighting industry.

Geographically, Asia-Pacific is expected to witness fastest growth 8.6% CAGR in the hospital lighting market due to extensive diffusion of innovative lighting solutions for implementation in healthcare domain. There are several hospitals in Asia-Pacific that are seeking for the solutions of lighting that helps in reduction of energy to conserve it and thus reducing the operating costs of the medical amenities.

Europe is another key market for these solutions, as there are several major players operating in the hospital lighting industry in this region.

Some of the major companies operating in the hospital lighting industry include Acuity Brands Lighting Inc., Eaton Corporation PLC, Cree Inc., General Electric Company, Koninklijke Philips N.V., Herbert Waldmann GmbH & Co. Kg, KLS Martin Group, Trilux Lighting Ltd., Hubbell Incorporation and Zumtobel Group AG.

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Global Grow Light Market – Size, Share, Analysis, Application, Analysis and Forecast (2014 – 2024)

The global grow light market is expected to be valued at USD 6.3 billion by 2024, witnessing a CAGR of 11.7% during the forecast period (2018 – 2024). The extensive utilization of indoor cultivation and vertical farming for the production of crops is expected to contribute towards the growth of global grow light market at an extensive rate.

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Grow light technology is extremely beneficial in lengthening the time frame for natural day light that further exaggerate the growth rate and plant yields. There is several artificial lighting that includes LED lighting, high pressure sodium lighting and plasma lighting that make the crop available throughout the year. Increasing awareness regarding the use of alternative farming in various developed as well as developing economies is expected to further aggravate the growth of the market.

Implementations of several stringent standards in order to assess the quality of crops grown by grow lights and low quality of light emissions offered by the artificial lightings are the major factors that are hindering the growth of the grow light market.

Globally industry players of global grow light market are leveraging market growth through business developments, new product development, technological developments and contacts in order to increase their market share.

Geographically, Europe have been contributing largest revenue throughout the estimated period due to increasing awareness related to significance of alternative farming, ever expanding populations and less accessibility of productive agricultural land is expected to fuel the growth of grow light market in this region. Moreover, Asia-Pacific is expected to further witness the significant growth of this market due to increasing adoption of improved technology of crop.

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Furthermore, various developing countries in this region are emphasizing upon the development of crops using LED lights that enables efficiency in production of crops and less utilization of energy. These lights further helps in reducing the emission of greenhouse gases and replaces the conventional incandescent light bulbs that are further fuelling the growth of grow light in this region.

Some of the key players in global grow light market include Koninklijke Philips N.V., General Electric Company, Osram Licht AG, Gavita Holland B.V., Illumitex, Inc., Hortilux Schreder B.V., Iwasaki Electric Co., Ltd., LumiGrow, Inc., Heliospectra AB, and Sunlight Supply, Inc.

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Asia-Pacific Region is Anticipated to Witness the Fastest Growth in the Retro-Reflective Materials Market

Retro-reflective materials are also known as retro-reflective sheeting. These materials are manufactured using microprismatic technology that includes use of microprisms as a raw material. Microprism has the ability to provide enhanced retro-reflectivity as compared to glass beads. The global retro-reflective materials market is projected to witness a significant growth in the coming years. These materials are used to increase the night time conspicuity of traffic signs, high-visibility clothing, and other items. In the light of an approaching vehicle, this makes them safe and effectively visible. Also, they are primarily used as a material to increase the barcodes scanning range in factory setting.

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Growing demand of these materials to enhance night time and low light condition visibility, increasing consumer spending in developing countries, and strict government regulations regarding vehicle safety and worker safety are the major factors driving the retro-reflective materials market growth. These materials are generally used on road signs and also on pavements, where level of reflectivity must meet established standards. For instance, according to European Union standards, pavement markings should be visible to the average motorists which provide them a minimum of 2.5 seconds of reaction time after dark. Also, the choice of road sign colors are also guided by reflectivity concerns, for example, red and yellow colors are used more frequently, as they attract attention sooner as compared to other hues.

Low awareness of safety products in developing economies, limited shelf-life of retro-reflective products, and high manufacturing cost are among the major challenges identified in the retro-reflective materials market. Despite the numerous efforts by the government of various countries, the awareness regarding the safety products is quite low in developing countries such as India, China, and others, which is a major challenge hindering the growth of the market.

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The retro-reflective materials market is highly fragmented and the dominant players are using different strategies that include expansions, product launches, agreements, joint ventures, mergers and acquisitions, and others to increase their presence in this market.

Globally, Asia-Pacific is the largest retro-reflective materials market, owing to the expansion of various industries in the region including construction and infrastructure, automotive and transportation, and others. Due to the rise in construction projects to meet the infrastructure demand of growing population, the Asia-Pacific region is anticipated to witness the fastest growth in the market.

Some of the key players operating in the retro-reflective materials industry are 3M Company, Avery Dennison Corporation, ORAFOL, Dominic Optical, Changzhou Hua R Sheng Reflective Material, Coats Group, Nippon Carbide Industries, Paiho Group, Asian Paints, PPG Industries Inc., and Reflomax.

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Global Diamond Coatings Market – Analysis and Forecast (2018-2024)

Diamonds are among the hardest materials making it very effective and efficient as compared to other materials that are used for cutting, abrasive, shaping, and others. They also have the highest thermal conductivity, low thermal expansion, and high electrical resistance. The diamond coatings market is experiencing a good market growth and anticipated to register the significant growth in the market, due to its superior mechanical properties, corrosion resistance, biocompatibility, and others. Along with it, the use these coatings are also increasing in biomedical application to ensure better prevention, diagnosis, and treatment of diseases.

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Based on end-user, the plastic straps market are categorized into electronics, mechanical, Industrial, medical, automotive, and others. The electronics segment expected to hold the largest share in the market during the forecast period. The application areas of these coatings in electronics industry are optical windows, heat sinks, electrical components, wear parts, prosthetics, and others. These are used for applications which require adaptability, strength, and long life of super abrasives, as these coatings have high thermal conductivity, high electrical resistivity, making it an ideal product to use in high-performance electronics and computer products.

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Increasing demand of these coatings in the medical industry and superior properties which provides improvement in life of cutting tools are some of the major factors that are driving the market growth. The continuous research and development is taking place in medical industry to provide the better diagnosis, prevention, and disease treatment to the patients. Hence due to the superior mechanical properties coupled with biocompatibility and corrosion resistance, the market of diamond coatings is emerging as a major technology for biomedical application.

The major challenges identified in the diamond coatings market are high capital investment, shortage of skilled and qualified workforce. The lack of skilled and qualified labor in the industry is posing as a challenge in the industry; as such labor is not easily available. This factor also increases the labor cost, as qualified labor is expensive which adds up to the total cost.

Asia-Pacific is anticipated to be the fastest growing market during the forecast period. This is attributed to various factors including, the region is attracting lot of foreign investors, owing to the growing economies in the region, cheap labor availability, and easy availability of raw material. All these factors are contributing in the market growth of the region and making it a dominant market.

Some of the major players operating in the diamond coatings market are NeoCoat SA, Oerlikon, Crystallume, D-Coat GmbH, Element Six, sp3 Diamond Technologies, Blue Wave Semiconductors, Advanced Diamond Technologies, Inc., Diamond Product Solutions, and JCS Technologies.

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VynZ Research is a global market intelligence company providing research reports, industry intelligence and business advisory services to companies and institutions across the globe. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as chemical and materials, automotive and transportation, energy and power, consumer goods, healthcare, ICT and other emerging technologies.

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North America is Anticipated to Account for the Largest Share in the Unidirectional Tape Market

Unidirectional tapes are used for selective reinforcement to improve tensile strength and stiffness in one direction. These tapes are composite material which is based on unidirectional carbon fibers. These tapes can be manufactured using different thermoplastics. The global unidirectional tapes market is anticipated to witness a significant growth during the forecast period. The growth is generally driven by the increasing use of these tapes in the various end-user industries such as aerospace and defense, automotive, and others, as these tapes provides exceptional chemical resistance.

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On the basis of type, the unidirectional tapes market is segmented into glass and carbon. Both types of tape possess competitive physical properties including strength and stiffness, high toughness, and low density. However, glass fiber category is anticipated to hold the larger share in the market during the forecast period, as these are easy to process and manufacture as compared to carbon fiber. It also provides quick and affordable way to make repairs and build parts and molds.

Increasing demand from aerospace industry and high demand of these tapes from developed countries are among the major factors that are driving the unidirectional tapes market growth. The demand of these tapes is significantly increasing in the developed countries such as U.S. and Canada, due to their increasing use in commercial passenger aircraft. For example, they are used in manufacturing of Boeing 787 and Airbus A380 aircraft. According to Boeing, almost 7,290 airplanes will be delivered between 2014 and 2033 in North America. Hence, the increase in demand of aircrafts will eventually drive the market of these tapes.

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High manufacturing and high processing cost is identified as major restraint in the growth of unidirectional tapes market. The manufacturing and processing cost of these tapes are high due to high cost of raw material and high labor cost.

The general process of manufacturing unidirectional tapes is to draw collimated raw strands into prepreg machine. In the prepreg machine, the strands coupled with molten resins are combined using heat and pressure. The mixture of these resins and fibers commonly travels between coated carrier papers or films through the machine for easy discharge.

During the forecast period, North America is anticipated to account for the largest share in the market. The unidirectional tape market of the region is derived by the high economic growth and significantly increasing investment in the aerospace and defense industry. Along with that, the increasing demand for lightweight, technologically advanced and fuel efficient aircrafts is projected to drive the market growth.

Performance Composites Inc., Composites Evolution Ltd., SGL Group, Evonik Industries, Hexcel Corporation, SGL Group, Celanese Corporation, SABIC, PRF Composite Materials, and BASF SE are some of the major players operating in unidirectional tapes industry.

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Asia-Pacific Texture Paint is Expected to Register the Highest Growth in the Market During the Forecast Period

Texture paint is a specialty paint which holds texture designs. These paints are available in different varieties that are sand, smooth, and coarse. These paints are used to cover imperfections which includes cracks, old paneling, uneven dry wall, and holes, and secondly to create unique and dramatic well designs. The global texture paint market is progressing at a good rate and expected to register a decent growth during the forecast period. This is attributed to the growing preference of urban population to provide aesthetics looks to the homes and also the increased applicability of these paints in the interior designing.

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Increasing construction activities, increasing demand from middle-class population due to rising income level are the major factors that are driving the texture paints market growth. The construction activities around the world are increasing at a fast pace for the infrastructure development in order the meet the increasing demand of ever-increasing population, particularly in developing countries. The investment in new and existing construction projects are booming, which is driving the demand of these paints in residential and non-residential projects. Also, the income levels of people are rising, which is providing them the freedom to spend on decorating their homes to provide aesthetics look to their homes.

The major challenges identified in the texture paint market are the high cost of these paints as compared to traditional paints, and easy availability of alternatives. These paints are comparatively expensive, hence the affordability factor can potentially hinder the market growth, as these paints does not provide any advantages to the application areas and only add up to the looks, which can make the user skeptical about paying higher price.

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The paint industry is very fragmented with the presence of various small and large players. However the major market is dominated by few leaders operating in the market. The dominant players are expanding their product portfolio, which in intensifying the competition in the texture paint market.

Globally, Asia-Pacific texture paint is expected to register the highest growth in the market during the forecast period, owing to the rising demand of these in the residential and commercial sectors, increasing disposable income of the middle-class population, ongoing infrastructural projects are the major factors that are anticipated to contribute toward the market growth of the region. Along with that, the expanding construction industry in countries such as China, India, and others is also one of the major factors contributing in market growth.

Some of the major players operating in the texture paint market are PPG Industries, AkzoNobel N.V., The Sherwin-Williams Company, Asian Paints, Nippon Paints, Axalta Coating Systems, Kansai Paint, Valspar, Berger Paints, and Haymes Paints.

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North America is the Largest Sports Analytics Market as it is Increasingly Used in the Region for Health Assessment and Team Performance Analysis and Forecast to 2024

In the present scenario there has been rapid adoption of technology in sports such as computing power, improved and advanced analytical methods that includes statistics and optimization and improvement in reliable real-time video data capture for example SportVU. The combination of huge amount of data, improved computing power and analytical tools is contributing towards the increasing adoption of analytics in sports.

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Sports analytics is a broader concept that helps in predicting the on and off field production and hoe to gain a competitive edge. The coaches use to study the competitors strategy by observing the opponents strategy of playing both on and off field. It helps in developing an individual paly book of the players that includes the strengths and weakness of a player, which helps them in further working on their weakness and contribute improved production.

The increasing demand for predictive insights into fan preferences is driving the demand for global sports analytics market. The data driven decision-making in sports is gaining popularity among the sports fans which have started consuming more analytical tools than ever before. There are several websites which comprises of research and analysis of sports statistics and further relate them to predict the performance of a sportsperson. For instance, the site that features an ESPN affiliation consists of around 20 journalists and large number of fans to develop a better understanding of any game. The increasing participation of fans in the data predicted with the help of analytics is helping to enhance the demand for global sports analytics market.

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The increasing demand of analytics for complex data streaming is creating opportunities for global sports analytics market. The increasing advanced analytics offer enhanced decision making capabilities to the organizations across different industries. For instance, the cities can analyse data that is gathered from a city wide network of sensors to identify the root causes of traffic congestion in public transport networks thereby enhancing the flow of traffic and commuters mobility. The lack of awareness about technology in sports is the major restraint observed in the growth of global sports analytics market.

Sports analytics is defined as the management of structured historical data that uses the applications of predictive analytic models to analyse a data and uses the information system to inform decision makers and enable them to help their organizations in gaining a competitive advantage in the field of a play.

Geographically, North America is the largest sports analytics market as it is increasingly used in the region for health assessment and team performance analysis. The availability of cost-effective and high end computing solutions and increasing demand of analytics for complex data streaming is expected to fuel the growth of sports analytics market in the region. The region is constantly working upon the lack of appropriate skills and increasing the accessibility of this market.

Some of the key players in the market include International Business Machines Corporation, SAP SE, Oracle Corporation, SAS Institute, Inc., Tableau Software, Inc., Stats LLC, Prozone Sports Ltd. (A Stats Company), Opta Sports, Sportingmindz Technology Pvt. Ltd. and Trumedia Networks.

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