Friday, 15 December 2017

Global Aluminum Barrier Laminate (ABL) Tubes Market: Players to Focus on Expanding Regional Presence, Observes TMR

Characterized by the presence of a massive pool of established participants, the global aluminum barrier laminate tubes market appears highly competitive, states a new research report by Transparency Market Research (TMR). Thus far, the leading companies, such as Ambertube, Essel Propack, Pirlo, Montebello Packaging, Hoffmann Neopac, Linhardt, Impact Int., Huhtamaki, Tubapack, and Intrapac Int., have been relying upon the technological advancements of their products in a bid to strengthen their businesses. However, with the rising competition within the market, these players are likely to focus on expanding their regional presence to gain an edge over their rivals, notes the research study.
According to TMR’s estimations, the worldwide market for aluminum barrier laminate tubes will arrive at US$772.3 mn by 2017. The opportunity in this market is projected to further rise at a CAGR 5.50% during the period of 2017–2022 and reach a value of US$1.01 bn by the end of the forecast period. 50 to 100 ml aluminum barrier laminate tubes enjoy a relatively higher demand across the world and are likely to remain doing so over the next few years, states the research report.
Rising Demand for Premium Consumer Goods to Boost Market’s Growth
“The global market for aluminum barrier laminate tubes is observing a noticeable surge in its valuation, thanks to the significant rise in the packaging industry across the world,” says a TMR analyst. Across the world, aluminum barrier laminate tubes majorly find application in premium consumer goods, such as premium dental creams, antiseptics, oils, and adhesives, and, nowadays, they are also being utilized for the packaging food products. With the rising demand for premium consumer goods, the worldwide market for aluminum barrier laminate tubes is anticipated to witness a significant rise in the years to come.
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Going forward, the increasing awareness among consumers pertaining to the eco-friendliness of aluminum barrier laminate tubes, in comparison with ordinary plastic tubes, is also projected to boost their demand in the near future, propelling this market tremendously. However, the high cost associated with aluminum barrier laminate tubes may limit their reach among consumers, leading to adverse impact on the growth of this market in the near future, states the research report.
Europe to Maintain its Dominance in Near Future
The research report also evaluates the global aluminum barrier laminate tubes market on the basis of its regional presence. As per the research study, Asia Pacific excluding Japan (APEJ), the Middle East and Africa (MEA), Latin America, Europe, North America, and Japan are the main regional markets for aluminum barrier laminate tubes across the world.
Thanks to the high purchasing power of people, enabling them to afford premium consumer goods, Europe acquired the leading position in the global market. Ensuring its dominance over the period of the forecast, the Europe market for aluminum barrier laminate tubes is anticipated to register a CAGR of 5.50%, reports the market study.

Global Surface Mount Switch Market: Expansion of Production Facilities across Emerging Economies Crucial for Profitable Returns, says TMR

The global surface mount switch market features a largely fragmented competitive landscape, wherein the top five companies accounted for nearly 46% of the overall market in 2015, observes a recent report by Transparency Market Research (TMR). These top companies, namely Omron Corporation, NKK Switches Co. Ltd, E-Switch Inc., Grayhill Inc., and C&K Components, have adopted the course of strategies such as expansion of production units, product innovation, and acquisitions and mergers to stay ahead of the competition.
Owing to the rapid development of the global surface mount switch market, a number of new players have forayed into the market by acquiring niche product manufacturers. A number of existing players have also entered into strategic collaborations or have acquired smaller firms to make the most of the existing growth opportunities and remain competitive in the market. This has enhanced the capital base for companies, enabling them to invest higher amounts in research and development activities and strengthen their hold on the market.
 
Most of the key manufacturers of surface mount switches are located in Asia Pacific, North America, and Europe. This has limited the potential of the market from reaching regions such as Latin America and Africa. This could be a viable incremental growth opportunity for new entrants, especially in Latin America, wherein the flourishing telecommunication sector will lead to a vast rise in demand for a variety of electronics components in the next few years.
Growth in Key End-use Sectors to Keep Demand across Asia Pacific Strong
According to TMR, the global surface mount switch market was valued at US$2650.0 mn in 2015 and is expected to reach US$5860.0 mn in terms of revenue by 2024, exhibiting at a CAGR of 8.5% from 2016 to 2024. In terms of product variety, the segment of ultra-miniature surface mount toggle switch presently constitutes the bulk of market’s overall revenue and is expected to exhibit strong growth over the forecast period as well. Geographically, strong growth in industries such as automotive, electronics, and telecommunication, the Asia Pacific market is expected to remain dominant throughout the forecast period.
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Rising Demand for Electronics Goods to Help Market Retain Healthy Growth
The vast rise in the global consumption of electronics goods such as smartphones, tablets, computers, and laptops has been one of the key drivers of the global surface mount switches and will continue to have a strong impact on the market’s future growth prospects. The electronics goods industry consumes vast volumes of electronics hardware that utilize the extensive usage of surface mount technology.
The use of surface mount switches instead of through-hole devices grants the hardware an improved level of mechanization and also significantly reduced the cost of manufacturing. The potential rise in adoption of surface mount switches across the electronics goods industry owing to these factors will have a significant positive impact on the overall development of the market in the next few years.
Higher Costs and Relative Unsuitability for Mechanical Stresses to Hinder Market Growth
On account of the small size, better performance, and cost effectiveness of surface mount switches, when the overall cost of the end-product is considered, have led to their increased usage across a number of application areas; analysts have estimated that surface mounted switches are replacing through-hole switches in about 90% of new-age electronic hardware.
However, surface mount switches are comparatively costlier than through-hole switches.  Also, surface mount switches face limited competency when subjected to special electrical, mechanical, and thermal conditions, making through-hole switches relevant to a wide range of applications and for a number of cost-sensitive end-product varieties. Moreover, electromechanical surface mount RF switches are known to have lower operating lifetimes than solid state switches.

Top Drive Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023

Top drive is a mechanical system on a drilling rig that simplifies drilling of borehole for extraction of petroleum, gases and water. Top drive systems are used for mineral exploration, underground storage of unwanted substances, environmental site assessment, geothermal installation, geotechnical investigation and temperature measurement for installing underground utilities. Different components of top drive systems are body (pipe handling system, slurry circulating passage and power swivel), guide rail and block, hydraulic drive, electric drive and control system.
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Top drive systems are more favorable than traditional Kelly drive systems as they save time and provide efficiency of drilling operation. The characteristics that make top drive systems popular than traditional Kelly systems are safer drilling operation, back reaming, reduction possibility of stuck pipe incidents and detachable connections.
Top Drive Systems Market: Drivers and Restraints
The major driving factors for global top drive systems market growth are rise in number of drilling rigs, drilling activities and increase in exploration activities. The other factors contributing to the growth of top drive systems market are rise in demand for oil rigs, increase in energy consumption and emerging technologies for extraction of natural resources. Moreover, use of top drive systems for on-shore and off-shore purpose and safety concerns also boosting the growth of top drive systems market. Its machinery reduces substantial time of drilling operation making it suitable for broad adoption in applications such as land drills, ocean drills and offshore drills.
However, development of unconventional reserves, political issues, technological incompetence, environmental concerns and oil spills could restrain the growth of global top drive market.
Top Drive Systems Market: Segmentation
The global top drive systems market is segmented on the basis of technology, application, design of vessel and the geography. On the basis of technology, the global top drive systems market is segmented as hydraulic top driver systems and electric top driver systems. The hydraulic top drive systems technology is appropriate for complicated working conditions as it has the ability to resist sand storm, pollution and huge temperature variation. The electric top drive systems are further categorized on the basis of control type into one-to-one, many-to-one, one-to-many and many-to-many control methods.
Different applications of global top drive systems market include onshore and offshore applications. The offshore applications include ultra-deepwater, deep water and shallow water applications. In terms of design of vessel the global top drive systems market is segmented as semi-submersibles, drill ships and jack-up top drive systems. Moreover, on the basis of geography the global top drive systems market is segmented into North America, Europe, Middle East and Africa, Latin America and Asia Pacific.
Top Drive Systems Market: Key Players
The key players of global top drive systems market are Tesco Corporation, Warrior Manufacturing Services Ltd, National Oilwell Varco., China National Petroleum Corporation (CNPC), Cameron International Corporation, Honghua Group Limited, Aker Solutions AS, Bentec GMBH Drilling & Oilfield Systems, Axon Energy Products and Canrig Drilling Technology Limited.

Multiple Ion Beam Microscopes Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

An ion beam is a kind of charged particle beam which consists of ions. With the advancement of nanotechnology new and advanced fabrication techniques are required which helps in production of functional features in much smaller scales. Advanced techniques are being used for applications in material science which uses image surfaces producing different features in a nanoscale. Gas field ion source technology has the capability of combining helium and neon ion beams (multiple ion beams) which are atom sized for applications across materials development, plasmonic research, semiconductor technology and lithography. For the functioning of multiple ion beam microscopes, multiple arrangement of ion source for introduction of high current ion beam is focused on a single accelerator column. This angular spread of ion beam is particularly directed towards linear array of ion sources which is kept at 45 degree angle. The beam is then maintained parallel to lines of uniform magnetic ion field operated with respect to the magnetic strength of that particular field causing multiple ion beams to enter common accelerator column with very small divergence of the composite beam. The global market for multiple ion beam microscopes has been segmented on the basis of applications which includes nanofabrication, device modification, failure analysis, material science and circuit edit among others.
Global Multiple ion beam microscopes market on the basis of geography is segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Multiple ion beam microscopes have huge applications in semiconductor industry with these instruments being used in failure analysis for detection of assembly and design errors as well as crucial manufacturing defects. This forms one of the most important drivers for the rise in demand of multiple ion beam microscopes market globally. Other than this, multiple ion beam microscopes provides coverage over a complete range of applications. This consists of niche technology segments like micromachining and nanomachining with usage of helium, gallium and neon ion beams post integration in a single instrument.  This has become another major driver helping the global multiple ion beam microscopes market to grow.
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It is seen that huge costs are associated with the application of the multiple ion beam microscopes which forms one of the major restraints for the growth of multiple ion beam microscopes market globally. Moreover, the complex nature of the device as well as technological dependency further negatively affects the market for multiple ion beam microscopes. The market penetration for these multiple ion beam microscopes is also quite low along with limited implementation forming another major restraint restricting the demand for multiple ion beam microscopes market globally. The multiple ion beam microscopes also has huge growth opportunities especially in the research and development sector which is expected to grow in future. This along with implementation of multiple ion beam microscopes for niche market segments like nanotechnology and advancements in ion sources also will provide many opportunities for the growth of global multiple ion beam microscopes market in future.
Geographically, it is North America which holds the major market share in the global multiple ion beam microscopes market. Increased government grants for developing the research and development sector along with growing application of nanotechnology has been some of the crucial drivers helping the multiple ion beam microscopes market to grow in North America. In addition to this, rising application of multiple ion beam microscopes in manufacturing and semiconductor industry has further helped the market to grow in North America. Asia Pacific has accounted as one of the fastest growing regions globally with China and Japan emerging as some of the major countries driving the growth of multiple ion beam microscopes in Asia Pacific region. Presence of a large number of manufacturing facilities dealing with semiconductor products along with investments being made in the research and development sector has been some of the primary reason for the growth of multiple ion beam microscopes market in Asia Pacific.
Some of the major players operating in the multiple ion beam microscopes market include Carl Zeiss AG (Germany), Jeol Limited (Japan), Bruker (U.S.) and Evans Analytical Group (U.S.) among others which are present in the market globally.

Customized Capping Technology Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

Customized capping technology is a significant part of packaging and is widely used in manufacturing containers such as bottles, cans, tubes, cans and beverages cartons. Customized capping is gradually replacing the traditional capping technology because of its demand in current market. Nowadays, customization in packaging has become a trend for competition and security purposes. Demand for customized capping technology is expected to be driven by increasing adoption of packaging technology across developing geographies of the globe.
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Customized Capping Technology Market- Market Segmentation:
Global customized capping market is segmented on the basis of product, material and end use industry. On the basis of product the global customized capping technology market can be segmented as screw caps, dispensing caps and other plastic caps. On the basis of material type, the key segments include plastic, metal and others. On the basis of end use, customized capping technology market can be segmented into food & beverages, personal and home care, pharmaceuticals, industrial chemicals and others.
Customized Capping Technology Market – Market Dynamics:
One of the significant factors contributing towards the growth of customized capping technology market is renewable natural material of some products. Moreover, customized capping technology market is expected to grow because newer beverage categories including ready-to-drink tea and coffee, sports drinks, and other healthy beverage alternatives will fuel overall demand for this market. Easy availability of raw materials like resins and advanced machinery is also expected to positively influence the demand for customized capping technology market. The growing use of dispensing plastics closures, along with the growth of hypermarket, supermarket, and online retail sales are other key factors driving the demand for customized capping technology market. Evolving regulatory framework in some countries can influence the growth of the market during the forecast period.
Customized Capping Technology Market – Regional Outlook  
Geographically, the global customized capping technology market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The global customized capping technology market is expected to witness a stable CAGR over the forecast period of 2016-2024. Moreover, Asia-Pacific was the largest revenue contributor in the market as consumption of alcoholic beverages has been increased. The demand of the customized capping technology market is expected to witness an above average growth in North America for commercial and industrial use.
Customized Capping Technology Market – Major Players:
Some of the major players identified across the globe in the customized capping technology market are Silgan Holdings, Plastics Corporation, Guala Closures Group, Crown Holdings, Closure Systems International, Aptar Group, and Pact Group Holdings.

Global Lidding Films Market: Product Innovation and Inorganic Growth Route to Translate into Business Advantage for Players, finds TMR

As per one of the latest research reports by Transparency Market Research (TMR), the vendor landscape in the global lidding films market is highly fragmented and competitive on account of presence of a large number of market players. The top ten companies are estimated to hold only 26.6% of market share in 2017. While players that operate globally clearly lead the market, they are wary about threats posed by local vendors. This is because small companies despite a small scale set up offer products at lower prices, which is giving competition to bigger players to establish themselves in regional markets. “In this scenario, the global players are focusing on core business plastic packaging and are discontinuing various non-core operations,” said a lead TMR analyst. For instance, in November 2014 Bemis Company Inc. discontinued its global Pressure Sensitive Materials Business. Also, leading players are striving to expand their market presence with innovation and inorganic growth to tap growth opportunities in regional markets.
Some of the leading companies in the lidding films market are Bemis Company Inc., Constantia Flexibles Group GmbH, Uflex Ltd., Amocor Limited, Berry Global Group Inc., Winpak Ltd., LINPAC Packaging Limited, Schur Flexibles Holding GmbH, Plastopil Hazorea Company Ltd, Flair Flexible Packaging Corporation, Multi-Plastics Inc., Golden Eagle Extrusions Inc., FFP Packaging Solutions Ltd., Impak Films Pty Ltd., Flexopack SA, and TCL Packaging Ltd.
According to the report, the global lidding films market was evaluated at US$2.9 bn in 2016 and is estimated to become worth over US$5 bn by the end of 2025, registering a CAGR of 6.3% during the forecast period between 2017 and 2025.
Globally, on the basis of material type, the polypropylene segment is estimated to lead the market in 2017, holding 20.2% share vis-à-vis value. Among the key product types, the high barrier lidding films segment is estimate to hold the leading 53.6% market share in 2017. Geography-wise, Asia Pacific is anticipated to be a lucrative market displaying the leading CAGR of 7.2% over the forecast period.
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Emergence of Organized Retail Food Stores in Emerging Economies Boosts Growth
The changing lifestyle of consumers, across the world, is a key factor for solid growth of the lidding films market over the past decade. Due to the fast-paced lifestyle consumers are increasingly switching to organized retail channels such as supermarkets and hypermarkets for everyday needs, which has positively impacted the lidding films market. In particular, in emerging economies, the growth of the organized retail sector which has emerged as a significant channel for sale of consumer goods is expected to boost growth of the lidding films market. The high barrier property of lidding films that helps retain freshness of food for longer time is suitable for changing domestic structure in urban areas. This in turn, is aiding the market’s growth.
Benefits of Enhancing Brand Visibility Boosts Adoptions among Food Service Companies
In addition, rise in budget of brand owners for branding and promotional campaigns for newly launched products and pipeline products has paved way for the growth of lidding films market. Several food and beverage brands prefer lidding films for promotion as they enable high brand visibility. Brand owners preferences regarding lidding films is also dependent on the type of material used.
Despite a number of driving factors, the growth of the lidding films market is challenged due to several factors. This includes adverse effects of lidding films on environment, government regulations, and consumer perceptions.

Nano GPS Chip Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

GPS (global positioning system) was originally developed by the U.S. government for the military. Within a few years, the government allowed their usage by civilians. GPS satellite data usage is free and globally accessible, as long as the device and accompanying software are bought or rented. Nano GPS chip solutions are a pint-sized invention within the broader phenomenon of GPS solutions. The market for nano GPS chips is expected to expand substantially in the future. It is highly competitive and dominated by a few major players.
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Nano GPS chips are equipped with features such as a real-time clock, noise amplifiers, surface acoustic waves, a temperature-controlled crystal oscillator, a power management unit, and radio frequency shielding, which contribute to the growth of this technology. It is capable of constant connectivity with improved marginal signal conditions and minimal power consumption. Nano GPS chip tracking devices prevent bike and car thefts, which is a key factor influencing the development of this market.
Manufacturers have been investing in extensive research and development to find out how to minimize the size of the compact global navigation satellite system module without affecting the product’s efficiency, sensitivity, power consumption, and performance. In the near future, sports and racing games techniques are also predicted to trigger the demand for transceiver chips. Individuals who need to keep track of their elderly parents use nano GPS chip trackers as well, which boosts the demand for them. Solar collar GPS trackers are designed for animals such as cattle, dogs, camels, elephants, and horses for wildlife tracking. Government initiatives to protect wildlife are contributing to the usage of this technology. Urban areas, however, have a poor satellite signal, which is either non-existent or severely weakened by meteorological conditions – a significant hindrance for the global nano GPS chip technology market.
In terms of applications, the market is divided into the commercial and industrial categories. Geographically, is it distributed over North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America.
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Demand for smart, commercial applications is growing. This includes products enabled with tracking solutions such as smart watches, digital cameras, trackers, and wearable devices. The increasing requirement for security systems, wearable products, and tracker devices also plays an important role in propelling the market.
The nano GPS chip technology is anticipated to grow extensively in North America and Asia Pacific, due to the wide employment of new technology in these regions. Developed countries such as the U.S., the U.K, India, China, Korea, Japan, Russia, and Germany are investing considerable capital in research and development in order to become well-equipped to adapt to this technology. The market in Asia Pacific is likely to expand rapidly at a later stage due to the presence of developing nations such as China and India here, which constantly invest in manufacturing electronic products. Hence, the overall nano chip market is projected to evolve significantly.
It is a fragmented market with a few key players, including Shenzhen Zhonghe Electronics Co., Ltd, Shenzhen Esino Technology Ltd, and Dragon Bridge (SZ) Tech Co., Ltd  in China, and OriginGPS in Israel. 

Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...