Smart Cards Market – Higher Usability of Contactless Smart Card to Enable the Market Flourish

The dominance of four companies can be seen explicitly in the global smart card market. NXP Semiconductors NV, Gemalto NV, Infineon Technologies AG, and Giesecke & Devrient (G&D) GmbH are the leading players, which hold dominant share in the global smart card market. Some of the new entrants such as Watchdata and Eastcompeace Technology Co. Ltd. are making significant efforts to give a tough competition to the existing players in the market. New players are providing solutions based on consumer preference.

The global smart card market stood at US$8.5 bn in 2016. Due to increasing technological changes, the market is expected to reach US$14.1 bn by the end of 2023. Due to consistent growth and increasing use of smart cards, this market is estimated to rise at a CAGR of 7.4% during the forecast tenure between 2016 and 2023.

The significant contribution made by contactless smart cards will help the market to grow at a healthy rate. The contactless smart cards is a segment under the types of smart cards available in the market. On geographical note, Latin America has gained its momentum in the last few years and shows more than 70% of market penetration. Asia Pacific is also considered among the prospective regional destinations for growth in coming years.

High Security Provided by New Smart Cards to Help Market Growth

The use of smart cards is considerably rising across various industries such as BFSI, telecommunication, e-commerce, healthcare, and retail. Among these, the telecommunication sector is likely to exhibit high demand for smart cards. Moreover, the exponential rise of mobile phone subscribers and increasing penetration of mobile phones in emerging economies will further benefit the global smart card market.

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There are number of factors significant for the growth of smart cards. One of the major factors is high security provided by the smart cards. The current smart cards have EMV chip on chip that provides an extra level of security and protects information of the user. In addition, increasing use of near field communication (NFC), net banking, internet of things, and e-commerce that have grown the demand for smart cards at a higher rate across the globe. Thus, these factors are expected to fuel the demand for smart cards in coming years.

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Commercial Satellite Imaging Market – Defense and Intelligence to Lead in terms of Application in near future

Led by Galileo Group Inc., Planet Labs Inc., Blacksky Global, Telespazio, Exelis Inc., DigitalGlobe Inc., SkyLab Analytics, Trimble Navigation Ltd., and Spaceknow Inc., the global market for commercial satellite imaging demonstrates a highly competitive business landscape, states Transparency Market Research (TMR) in a new research study. These players are likely to remain dominant in this market over the forthcoming years. They are likely to focus more on establishing robust distribution channels across various industries in the near future in order to strengthen their position in the global market, notes the research study.

According to the research report, the overall opportunity in the global commercial satellite imaging market was US$2.5 bn in 2014. Over the period from 2015 to 2023, the market is expected to rise at a CAGR of 11.40% and reach a value of US$6.5 bn by the end of the forecast period. The energy, geospatial technology, natural resources management, construction and development, disaster response management, defense and intelligence, conservation and research, and media and entertainment sectors have surfaced as the key application areas for commercial satellite imaging solutions across the world, states the research report.

North America to Continue to Dominate

Geographically, Asia Pacific North America, the Middle East and Africa, Europe, and Latin America have emerged as the main regional markets for commercial satellite imaging across the world. North America, among these has taken the leading position and is projected to remain on the top in the near future. Asia Pacific is also expected to witness steady growth in its market for commercial satellite imaging over the next few years, states the research study.

Technological Advancements to Boost Market’s Growth

“Of late, the global market for commercial satellite imaging has been observing a tremendous rise,” says a TMR analyst. The emergence of a number of technologies and applications, such as Google Earth, is supporting the growth of this market, tremendously. The continual advancements in technologies is also adding to the rise of this market and is expected to drive the market in the forthcoming years too.

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On the flip side, the need for high capital investments in research activities for the advancements of commercial satellite imaging production techniques may act as a restriction to the growth of the global market for commercial satellite imaging in the near future. Nonetheless, the presence of untapped opportunities in emerging economies will normalize the impact of these deterrents in the years to come, states the research report.

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Healthcare Industry Continues to Dominate Disposable Gloves Market Demand

The market for disposable gloves in the U.K. is moderately consolidated. Top Glove, Supermax Corporation Berhad, and Semperit AG Holding were the three leading manufacturers of disposable gloves in the U.K in 2014. They had collectively held a share of 36.8% in 2014 in terms of value.

According to Transparency Market Research in their recent publication, with close to half the U.K. disposable gloves market belonging to small local players, the degree of competition is expected to remain low till 2023. The more prominent manufacturers rely on an already developed base of technological innovation and material research. Adding to their older stake in the market and the resultant brand name popularity, these players are expected to hold very strong distribution networks and sales records.

The disposable gloves market in the U.K. is projected at a CAGR of 7.0% in terms of revenue within a forecast period from 2015 to 2023. This revenue is expected to reach US$298.6 mn by the end of 2016 and US$481.5 mn by the end of 2023.

Natural Rubber Latex Disposable Gloves to Remain Leading Product Segment

Natural rubber latex gloves are expected to remain the leading type of disposable gloves being used in the U.K. till 2023, generating a revenue of US$167.0 mn by then. These glove types provide a high level of comfort and dexterity and therefore find massive use in the healthcare industry for various medical applications.

The application of disposable gloves in the medical industry is expected to generate a revenue of US$416.9 mn by 2023, due to the large number of medical functions that mandatorily require the medical personnel to be wearing gloves. Other prominent applications of disposable gloves can be found in the food and beverage industry and the automotive industry.

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“A large number of functions in the healthcare industry require the medical personnel to wear disposable gloves. Surgeries, sterilization procedures, and examinations form the bulk of medical responsibilities where disposable gloves are a must. Additionally, with the more recent outbreaks of diseases such as Zika, swine and avian flu, SARS, and Ebola, it has become even more important for medical personnel to wear protective clothes and disposable gloves to prevent the spread of these diseases,” states a TMR analyst.

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Cosmetic Ingredients Market: Moisturizing Agents to Enjoy Continued High Demand

The global cosmetic ingredients market is expected to be intensely fragmented due to the presence of various players in the global and regional market. The competition among the players seem to be extremely tough in order to sustain their position in coming yes. Some of the major players leading the market are AkzoNobel, The Dow Chemicals, Croda International, Lonza Group, Clariant AG, Solvay SA, Evonik Industries AG, Innospec Inc., and Ashland Inc. The completion between the key players is foreseen to toughen in the upcoming years as well.

According to the research report by Transparency Market Research (TMR), the global market for cosmetic ingredients is estimated to expand at a steady 4.60% CAGR during the forecast period from 2017 to 2025. The market was valued to be of worth US$22.89 bn in 2016, and is expected to reach around US$33.80 bn by the end of forecast period.

The major usage of cosmetic ingredients are as moisturizing agents, cleansing agents, and coloring agents. Out of these, the moisturizing agents segment accounts for the most important share in this market, owing to the rigorous use of moisturizing compounds in hair care, makeup, and skin care cosmetics. The analysts are expecting the scenario to be the same in future as well. Geographically, in 2016, mainly supported by India, Japan, China, and the Rest of Asia Pacific, the region dominated the global market with a collective share of 32.02%. This is attributed to the growing economy of the nations in Asia Pacific region which is shoeing in their living standard and spending capacities as well, propelling the market growth.

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Rising Disposable Income to Support Market Growth

Owing to the rise in disposable income of customers, there has been an enhancement spending abilities and aesthetic cognizance. This has surged the demand for cosmetic ingredients to a large extent. Their desire to look good all the time over the years is driving the revenue of cosmetic products significantly all across the globe, which unavoidably, is intending towards a positive angle on the surging demand for cosmetic ingredients. The rise in consciousness regarding healthy skin and the surging utilization of anti-ageing cosmetics are in in a way boosting the overall cosmetic ingredients market altogether.

Cosmetic ingredients are essentially utilized as cleansing agents, moisturizing agents, and coloring compounds. Out of these, the moisturizing agent segment accounts for maximum share in this market, by virtue of the increased usage of the mentioned segment in hair care, healthy skin, and cosmetic beauty products. Researchers anticipate that the circumstance will remain same all through the accompanying couple of years.

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Lubricant Packaging Market – Demand for Pails to Remain High

The global market for GCC lubricant packaging is experiencing an intense competition among its well established players. Players in the market are using novel manufacturing technology to make the market more competitive. Players in the market are spending heavy amount behind research and development activities to manufacture efficient market product, thus expanding the product portfolio. Apart from these, players are focusing on product advancements and product innovation which is likely to help them to expand their customer base and product differentiation. Some of the major players in the global GCC lubricant packaging market are Saudi Can Manufacturing Company Ltd, Mold Tek Packaging Ltd, First Press Plastic Moulders Ltd., Neelkamal Plastics Factory LLC., and Duplas Al Sharq.

According to a recent study by Transparency Market Research, the global GCC lubricant packaging market is predicted to expand at a robust CAGR of 3.30% during the assessed period 2016 – 2024. The market which was worth at US$162.7 mn in 2016 is likely to be valued at US$210.4 mn by the end of the assessed period. The market on the basis of end user is classified into chemicals, machine industry, oil and gas, power generation, metal working, automotive, and other manufacturing. Of these, the automotive sector holds the majority of the share owing to significant rise in the automotive sector. Booming automotive industry sector to provide lucrative growth opportunity in the market. On the other hand, chemical industry will exhibit a decent rise in the coming years. On the basis of region, Asia Pacific is anticipated to held the majority share and is predicted to dominate in the future owing to presence of major player and increase in economic conditions of the nations in the region.

Stringent Environmental Rules and Regulation to Hamper Market Growth

One of the major reasons that is helping the market to move in the forward direction is the several initiatives undertaken by the government to promote non-oil industries. Government of several countries are spending hefty amount behind non-oil industries to help it become one of the potential source of income. This is likely to help the population rely less oil industries which experiences recurrent volatility in the crude oil prices. However, on the other hand it has been noticed that the strict environmental rules and regulation imposed by various governing bodies are predicted to deter market growth.

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Booming Automotive Sector to Boosts Market Growth

Rise in disposable income and rapid urbanization have significantly change people’s lifestyle. This has made them prefer premium and luxurious product resulting in increase in demand for vehicles. Rapid advancement in technology and extensive research and development activities to meet the ongoing demand for vehicles are indirectly helping the market. Rise in demand for vehicles results in high demand for lubrications. Consumption of lubricant in semi-liquid, liquid, or solid form is linked with the automobile industry. Surge in demand for packaging products such as intermediate bulk containers which store lubricant including process oil, grease, gear oil, and engine oil which are used in daily operation of automobiles is likely to foster market growth.

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Industrial Floor Scrubbers Market – Demand for Robotic Floor Covers to Rise at Higher Pace

The analysts of a fresh business and commerce study by Transparency Market Research (TMR) have notified that the global industrial floor scrubbers market is largely fragmented in nature, a few player do hold slightly stronger position than the rest. The report has identified Bortek Industries, Wiese, Inc., and Hako Holding GMBH & Co. KG are three companies who were ahead of the curve in the world industrial floor scrubbers market in 2016, although the continuous inflow of new entrants will continue eat into their shares.

For the market leaders, the key strategies are to expand their geographical footprint and concentrate on strengthening their research and development activities, consequently making it difficult for smaller players to compete in terms of technology, reliability of products, and price. Tennant, Nilfisk, Tornado, Comac, Fimap, iRobot Corporation, and IPC Gansow are some of the other notable players currently aspiring greater shares in the global industrial floor scrubbers market.

Global Industrial Floor Scrubbers Market to be worth US$6.62 bn by 2025

If the projections of the TMR report are to be believed, during the forecast period of 2017 to 2025, the demand in the global industrial floor scrubbers market will increment at an impressive CAGR of 8.5%. By the end of the forecast period, 2025, the analysts have estimated that the opportunities in the market will translate into a revenue of US$6.62 bn, considerably up from its evaluated worth of US$3.24 bn in 2016. In the near future, development of new products that ideally meet the diverse demands from the end users is expected to define the leader of an intensely competed vendor landscape.

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Based on type, the report has segmented the global industrial floor scrubbers market into ride-on scrubbers, walk-behind scrubbers, and robotic scrubbers. As of 2017, the walk-behind scrubbers segment provided for more than half (51%) of the total demand, although the robotic scrubbers segment is primed to grow at a stronger CAGR during the said forecast period.

This escalating demand for robotic scrubbers is a reflection of persistent aspiration of various industries to adopt automation methods that improve efficiency of monotonous procedures and hence achieve incremented production. On the basis of end-use industry, the market for industrial floor scrubbers has been bifurcated into healthcare and pharmaceuticals, transportation, hospitality, education, government, retail and food, and manufacturing and warehousing. Geographically, the report highlights North America as most lucrative region, which provided for 33.5% of the total demand, while Europe emerged as second-leading regional market the same year.

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Pharmaceutical Bottles Market: PET Pharmaceutical Bottles Segment to Retain Leadership

The Spain market for pharmaceutical bottles is highly fragmented with a large portion of this market being operated by a number of international players, small domestic participants, and unorganized companies. Most of the international players focus aggressively on selling their products through distributorship in order to cater to the requirements of the pharmaceutical companies and are expected to continue this practice over the forthcoming years. Gerresheimer, Amcor, and Alcion Plasticos are some of the key players functioning in this market.

As per the estimations, the market for pharmaceutical bottles in Spain, which was worth US$241.4 mn in 2016, is likely to progress at a CAGR of 3.80% over the period from 2016 to 2024 and reach a value of US$235 mn by the end of the forecast period. In terms of shipment volume, the market is likely to touch 1,619 mn units mark by 2024. Thanks to the rising utilization of PET in the manufacturing of pharmaceutical bottles, fueled by its atmosphere barrier properties, the PET segment is likely to remain witnessing a higher growth than other material type segments over the next few years, reports the research study.

Oral Care Products to Report Strong Demand for Pharmaceutical Bottles

The report further provides a comprehensive evaluation of the application areas of pharmaceutical bottles in Spain. According to the study, pharmaceutical bottles are predominantly utilized in liquids, E-liquid, droppers, oral care products, and topical medication in this country. Oral care products, among all, have been exhibiting a greater demand for pharmaceutical bottles. It held a share of nearly 36% in the total demand for pharmaceutical bottles in Spain in 2016. Analysts predict the segment will demonstrate a significant incremental performance in terms of the growth rate as well as the market share throughout the forecast period.

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Topical medication, amongst others, is expected to witness a considerable rise in the years to come due to the design competence of pharmaceutical bottles that offer a convenient and less messy dispensing of lotions and semi-solid contents.

Plastic-based Pharmaceutical Bottles to Trend in Spain Pharmaceutical Bottles Market

“The advancements in the drug delivery formats applicable in the medical and healthcare industry are having the most prominent influence on the market for pharmaceutical bottles in Spain,” states the author of the study. Plastic-based pharmaceutical bottles are the latest trend in the Spain pharmaceutical market. The availability of relatively cheaper polymers in abundance has brought the focus of manufacturers towards producing pharmaceutical bottles from plastic. According to researchers, this trend will shape the future of this market over the forthcoming years.

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