A Quick Overview; Chemical Properties, Health Effects, and Environmental Effects of Bismuth

Bismuth is a brittle, crystalline, white metal that is extensively used across cosmetics, alloys, ammunition, and fire extinguishers. It is best known as the main ingredient in stomach ache remedies such as Pepto-Bismol. Bismuth is also used in the chemicals, electronics, paints and coatings, and metallurgy as it is least toxic heavy metals. It is available in the form of powder, ingots, needle, and pellets and can be used in place of leads across various range of applications.

The thermal conductivity of bismuth is lower than any metal except mercury. It has the highest Hall Effect of any metal and a high electrical resistance. Bismuth is stable to water and oxygen but dissolves in concentrated nitric air. Some bismuth compounds are manufactured and used as pharmaceuticals. It is mainly manufactured as a by-product of smelting lead and copper, especially in the United States of America.

Bismuth is relatively nontoxic, the least so of the heavy metals. Soluble inorganic bismuth compounds are toxic. Although considerable therapeutic use is found in bismuth and some of its compounds, some authorities suggest that other remedies should be replaced. Bismuth and some of its compounds can cause kidney damage, although the degree of such damage is usually mild. Other toxic results, such as presence of albumin or other protein substance in the urine, vague feeling of bodily discomfort, skin reactions, diarrhea, and serious exodermatitis may develop.

Unlike nickel, mercury, lead, or other metals, there is no significant health risk from touching bismuth or from vapors or ingesting small amounts. It is actually the active ingredient in a popular brand of stomach medicine. With the increasing application of bismuth from the automotive industry (in brake linings, rust protection coatings, clutch pads, and pearlescent coating) and increasing worldwide automotive sales, the demand for bismuth is also increasing. For instance, the U.S. auto industry sold around 14.5 million light vehicle units in 2020.

Increasing Expenditure on Personal Care Products and Significant Growth in Fast-Moving Consumer Goods (FMCG) Sector to Augment Growth of Sleeve Labels Market

Sleeve labels find application in fast-moving consumer goods, food & beverages, and pharmaceutical packaging sector.

Market Dynamics

Increasing expenditure on personal care products is expected to propel growth of the global sleeve labels market. For instance, according to the U.S. Bureau of Labor Statistics, average annual expenditure on personal care products in the U.S. increased from US$ 707 in 2016 to US$ 768 in 2018.

Significant growth in the fast-moving consumer goods (FMCGs) sector is expected to offer lucrative growth opportunities for players in the global sleeve labels market. For instance, according to India Brand Equity Foundation, FMCG market in India is expected to grow at a CAGR of 27.86 per cent and is expected to reach US$ 103.70 billion by 2020 from US$ 52.75 billion in FY18. Moreover, stringent regulation regarding counter tampering and increasing counterfeiting of various products is also expected to aid in growth of the market. For instance, in 2020, China and the EU signed an agreement to ensure that one hundred European products bearing geographical indications will be legally protected in China against imitations and the misuse of a product’s name. In exchange, one hundred Chinese products will benefit from the same form of protection in the EU.

Among end-use industries, the pharmaceutical segment is expected to witness significant growth in the sleeve labels market, owing to growing pharmaceutical sector. For instance, according to The European Federation of Pharmaceutical Industries and Associations’ Key Data 2019, the pharmaceutical sector in Europe was valued at US$ 139, 287 million in 2000, which increased to US$ 284, 028 million (est.) in 2018.

Competitive Analysis

Major players operating in global sleeve labels market include, Fuji Seal International, Inc., CCL Industries, Dow Chemicals, Berry Plastics Group, Inc., Rottaprint, Klöckner Pentaplast, Macfarlane Group PLC, and Huhtamaki Oyj.

Major players operating in global sleeve labels market are focused on launching new products to expand their product portfolio. For instance, in February 2021, CCL Label launched EcoStretch, a sustainable stretch sleeves option.

Major players operating in global sleeve labels market are also focused on adopting automated technologies to increase their production. For instance, in November 2020, Rottaprint ordered its first MPS press, an EFA+ 530 fully automated multi-substrate flexo press.

Increasing Prevalence of Sleep Disorders to Augment Growth of the Sleep Aids Market

Relaxation and sleep aids go hand in hand to promote general wellbeing and mental health. There are many different natural sleep aids that you can use that do not require a prescription from your doctor. Natural sleep aids contain herbal, dietary and natural ingredients which have all been found to help in sleep or relaxation. They are not different from over-the-counter sleep aids, which are commonly antihistamine drugs, and prescription sleep aids, which are usually zolpidem and doxepin prescriptions. Nevertheless, over-the-counter sleep aids may be helpful to some people as well.

Chamomile is one of many sleep aids that contains a natural sedative effect, though, the chamomile is most commonly used for menstrual cramps, as it helps induce sleep without causing drowsiness during the process. Some research studies have indicated that chamomile has a positive effect on anxiety and erratic behavior. These same studies also indicate that a combination of chamomile and valerian may have a calming effect. Some potential interactions with other medications and prescription drugs are discussed below.

Market Dynamics

Increasing prevalence of sleep disorders is expected to propel growth of the global sleep aids market over the forecast period. For instance, according to the study, ‘Worldwide and Regional Prevalence Rates of Co-Occurrence of Insomnia and Insomnia Symptoms With Obstructive Sleep Apnea: A Systematic Review and Meta-Analysis’ published in February 2019, the overall prevalence rates of insomnia, any insomnia complaints, difficulty falling asleep, difficulty maintaining sleep, and early morning awakening found in obstructive sleep apnea patients were 38%, 36%, 18%, 42%, and 21%, respectively. Moreover, approval and launch of new products is also expected to aid in growth of the market. For instance, in March 2020, Somnus, a U.S.-based company, launched SOMNUS, an all-natural alternative sleep-aid that does not contain THC, alcohol, or melatonin.

Increasing geriatric population is expected to offer lucrative growth opportunities for players in the global sleep aids market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034. Moreover, R&D in sleep disorders is also expected to aid in growth of the market. For instance, in April 2020, researchers from University of Regina, Canada, reported investigating the relationship between public safety personnel occupation, sleep problems, and various mental disorder symptoms.

Competitive Analysis

Major players operating in the global sleep aids market include, Sanofi S.A., Merck & Co., Inc., Pfizer, Inc., Koninklijke Philips N.V., GlaxoSmithKline Plc, Sommetrics, Inc., ResMed Inc., Cadwell Laboratories, Inc., Therapix Biosciences Ltd., SleepMed, Inc., Natus Medical Incorporated, DeVilbiss Healthcare LLC, and Compumedics Limited.

Major players in the global sleep aids market are focused on launching new products to expand their product portfolio. For instance, in January 2020, ResMed Inc. launched AirFit F30i, its first tube-up full face CPAP mask.

Blood Ketone Meter Market May Witness Positive Growth with Emergence of Covid-19 and High Prevalence of Diabetes

A blood ketone meter is used to test for blood levels of beta hydroxybutyrate, a ketone that the body produces when in ketosis, a natural metabolic state that involves the body producing ketone bodies out of fat and using them for energy instead of carbs. Blood ketone meters play a major role in treatment and management of diabetic ketoacidosis, a serious complication of type 1 diabetes and much less common in type 2 diabetes.

The blood ketone meter market is expected to witness significant growth with high incidence of diabetes worldwide. According to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

Such high prevalence of diabetes has increased the need for improving patient access to diabetes care diagnostics through the provision of affordable, easy-to-use technology, reducing the cost of long-term healthcare of the growing diabetic and pre-diabetic population. In line with the strategy and in order to enhance its share in the blood ketone meter market, in 2020, EKF Diagnostics, an in vitro diagnostics company, launched STAT-Site WB, a dual-use whole blood β-ketone and glucose meter for professional use in the management of diabetes.

People with diabetes can intervene early to address the underlying cause and help prevent dangerous progression of the disease with the proper information and early warning. Major players in the blood ketone meter market have considered this as a lucrative growth opportunity and invested in designing solutions that alert users of increasing ketone levels and continue to monitor these levels after intervention. One such company, PercuSense, in 2020, was awarded a US$ 2.5 million program-related investment for R&D in novel continuous monitoring system that measures both glucose and ketones on a single minimally invasive probe.

Emergence of Covid-19 has increased concerns over treatment and management of people suffering from obesity and diabetes. People suffering from such lifestyle disorders are at high risk of infection from the novel coronavirus. This has further offered lucrative growth opportunities for players in the market.

Increasing Number of People Living With Vision Impairment to Augment Growth of Assistive Technologies for Visually Impaired Market

Increasing number of people living with vision impairment is expected to propel growth of the global assistive technologies for visually impaired market. For instance, according to the first World report on vision issued by the World Health Organization in October 2019, over 1 billion people worldwide are living with vision impairment because they do not get the care they need for conditions like short and far sightedness, glaucoma and cataract. Moreover, adoption of artificial intelligence (AI) in assistive technologies for visually impaired is also expected to aid in growth of the market. For instance, in January 2021, Facebook announced new improvements to Automatic Alternative Text, its AI technology that is used to generate descriptions of photos posted on the social network for visually impaired users.

Development of new accessibility features for visually impaired users is expected to offer lucrative growth opportunities for players in the global assistive technologies for visually impaired market. For instance, in December 2019, Avid Technology, Inc., a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content, announced a joint initiative with Berklee College of Music’s Assistive Music Technology Lab to develop and improve accessibility features in Avid’s music composition and notation software, Sibelius, for visually impaired users.

Launch of Show and Tell feature is expected to boost growth of the global assistive technologies for visually impaired market. For instance, in September 2019, Amazon Inc. announced Show and Tell feature, a new feature for the Echo Show for blind and visually impaired users. Moreover, launch of new products is also expected to aid in growth of the market. For instance, in May 2020, ThirdEye, a provider of augmented reality and mixed reality enterprise solutions, partnered with NuEyes, a provider of low-vision technologies. Under the partnership, NuEyes is introducing the Pro 2, which uses ThirdEye’s lightweight X2 MR Glasses to assist people with vision loss.

Competitive Analysis

Major players operating in the global assistive technologies for visually impaired market include, Google, Inc., AbleNet, Inc., Access Ingenuity, Adaptivation, Inc., NuEyes, Amedia Corporation, American Thermoform, Cambium Learning, Dolphin Computer Access Ltd., HumanWare Group, LVI Low Vision International, and VFO.

Major players operating in the global assistive technologies for visually impaired market are focused on launching new products to expand their product portfolio. For instance, in April 2020, Google launched the TalkBack braille keyboard on Android to allow users who are vision impaired or have low vision to type on their phones without any additional hardware.

Polymer Concrete Market to Grow Significantly as Demand for Chemical and Corrosion-resistive Concrete increases in Developed as well as Emerging Economies

 

Polymer concrete uses polymers to replace lime-type cement as a binder. There are several challenges for the polymer/cloth formulations that resulted from their use. The most significant challenge was the reduction of strength and tensile strength due to the loss of structural strength of the polymeric polymer used in the design of the construction material. The polymer composites were tested on two different structures, a floor slab and a block with two slabs stacked upon a wall. The floor slab was constructed from polymers that are designed to resist water, while the blocks have low density. The floor slab exhibited a substantial reduction in load-bearing capacity when compared to the blocks. Furthermore, the floor slab exhibited a significant decrease in both strength and tensile strength compared to the blocks. The structural elements in the floor slab and blocks exhibited a significant increase in strength and tensile strength when compared to the blocks. These results indicate that the polymer/cloth fabric can be incorporated into building structures to increase strength and load-bearing capacity and reduce stresses.

Increasing need for chemical resistant construction material is expected to drive growth of the global polymer concrete market during the forecast period. Polymer concrete can be used in new construction or repairing old concrete. The adhesive properties of this concrete allow repair of both polymer as well as conventional cement-based concretes. The polymer concrete has low permeability and offers corrosive resistance. As a result of this, it can be used in sewer structure, swimming pools, electrolytic cells, drainage channels, and other structures that contain corrosive chemicals or liquids. Furthermore, it can be used in the construction of manholes to withstand toxic and corrosive sewer cases. Hence, these factors are expected to drive growth of the global polymer concrete market during the forecast period. Furthermore, increasing overlay projects in North America is expected to propel the global concrete market growth over the forecast period.

However, lack of awareness regarding the benefits of polymer concrete in emerging economies is expected to restrain growth of the global polymer concrete market during the forecast period. Among regions, North America is expected to witness significant growth in the global polymer concrete market during the forecast period. This is owing to increasing residential construction projects in the region.

Key companies operating in the global polymer concrete market are ACO Group of Companies, ULMA Architectural Solutions, Arizona Polymer Flooring Inc., TPP Manufacturing SDN BHD, BASF SE, Napsco Inc., Dudick Inc., Metrocast Corp., Forte Composites Inc., Kwik Bond Polymers, and Interplastic Corp.

For instance, in January 2018, Innovative Chemical Products (ICP) Group, acquired Arizona Polymer Flooring

Global Gibberellins Market Continues to Grow with increasing demand for high-quality fruits and vegetables and continuous R&D activities across the globe

Gibberellins or "Gibberellins" as they are sometimes called, are a large family of sugar cane chemicals used for hundreds of years to support plant growth, development, reproduction, and protection. Gibberellins can be classified into two broad categories, growth regulators and non-food substances. They are made from the seeds of sugar cane plants; although the chemical composition of gibberellins varies depending on the type of plant it is used on. Gibberellins belong to the phylum Cimicifuga, which means "Cactus-like" in English. They play a major role in the life cycles of many types of plants, especially the popular cacti species. Gibberellins function as growth regulators because they are essential for proper growth, development, reproduction, survival, and survival.

Increasing demand for quality fruits and vegetables is expected to drive growth of the global gibberellins market. The demand for high-quality fruits and vegetables has increased significantly in the recent past, which has increased the utilization of gibberellins. According to the U.S. Department of Agriculture Foreign Agricultural Service, in 2019, the U.S. fresh fruits and vegetable exports reached US$ 7.1 billion. According to the Brewers Association, the number of breweries in the U.S. increased by 16.6% to reach 5,301 in 2016. Gibberellins are typically used to regulate various developmental processes including stem elongation, flower development, and more. Hence, such factors are expected to drive growth of the global gibberellins market. Furthermore, increasing R&D activities by research organizations in the field of agriculture are expected to propel the global gibberellins market growth in the near future.

High cost and low awareness associated with gibberellins are expected to hamper the global gibberellins market growth in the near future. Among regions, North America is expected to witness significant growth in the global gibberellins market. This is owing to continuous research and development activities in this field by major companies across the region. Furthermore, high adoption of new products is expected to propel the regional market growth in the near future. Europe is expected to register a robust growth rate, owing to high awareness regarding the benefits of plant growth regulators in the region.

Major companies involved in the global gibberellins market are Valent U.S.A. Corporation, Fine Americas, Inc., Nufarm Ltd., Sichuan Guoguang Agrochemical Co. Ltd., Zhejiang Qianjiang Biochemical Co., Ltd., Jiangsu Fengyuan Bioengineering Co., Ltd., SePRO Corporation, Biosynth AG, Shanghai Fuang Agrochemical Co. Ltd., Sichuan Guoguang Agrochemical Co. Ltd, and Nufarm Ltd.

U.S. bottled water is popular all around the globe as it is very cost-effective and provides healthy liquid

The U.S. Bottled water is usually drinking water packed in glass or plastic bottles available in the United States. Bottled water can also be not carbonated. Bottled sizes range from small individual serving bottles to very large commercial carboys for large water chillers. There are also many other types and styles of bottled water available.

One of the advantages of Bottled Water is that bottled reduces the threat of Bacterial growth in our water systems. This is because microorganisms cannot survive in an oxygen-enriched environment so bottled reduces the risk. Another advantage of the U.S. Bottled Water is that there is no longer the risk of lead poisoning from tap water. Because of the sanitary conditions required during bottling, bacteria and other pathogens cannot survive.

The process of bottling involves many steps, including purification, heat treating, and filtration. All these processes are necessary to remove as much of the contaminants as possible from the source water. Purification removes more than 99% of contaminants. Heat treating stabilizes the bottled beverage so it retains the taste and flavor even after it has been consumed.

Bottled Water is a good alternative to tap water if you want to save money on the bottled beverage. Bottled is convenient because one can take it wherever he or she goes. One can bring it as a sports drink, a vacation refreshment, or a camping supply. The main disadvantage of Bottled Water is that it lacks the freshness of natural spring water.

The bottling companies use different methods to ensure that bottled is safe to drink. Some use carbon filtration, ion exchange, micron filtration, and sub-micron filtering. Bottled is not only safer to drink, but the taste and quality sometimes rival that of bottled water sold in stores. Some of the bottling systems use remote-controlled pressure tanks that can be serviced easily by trained technicians. Some bottling systems use bottles that have been decorated with a color-changing lens that gives a sparkling appearance and a purifying effect.

U.S. bottled water is popular all over the world as it is very cost-effective and provides healthy liquid. This type of bottled water has fewer chemicals than tap water and most brands can be purchased for less than 50 cents per gallon. Most of the brands sold in the U.S. come in tetra packs or four packs of eight gallons each. The main types of bottled water are spring, ice, summer, and regular. All these varieties come in attractive bottles and containers to attract customers and to make them aware of the advantages of purchasing this kind of liquid.

U.S. bottled water is a commercially produced product, like mineral water and carbonated drinks, packed in glass or plastic bottles. This kind of liquid is sold in many states to provide a different flavor or to offer health advantages to the consumers. It is also being used as an alternative to tap water to eliminate the harmful effects of tap water that includes various contaminants like lead, chlorine, and bacteria. In addition to this advantage, it is also widely used as a substitute for tap water to make people feel safe and secure when using it.

Although it is being commercially produced, U.S. bottled water does not contain fluoride, sodium, or any other by-product that may have adverse effects on human health. Most of these brands also offer the option of purchasing their liquid from the tap and choosing the bottle that best represents the brand. As it has been proved, U.S. bottled water has many more health benefits than tap water. Moreover, most people are more interested in trying it out rather than exploring the possible side effects that U.S. bottled water may cause.

Q-TOF mass spectrometers effectively analyze the amount of analytes present in the sample

Q-TOF is an acronym for Quaternary ultrasonic energy transfer measurement. This is a very important and extensively used method that helps in the determination of the amounts of various analytes as well as gases present in a particular sample. Q-TOF uses two methods, namely, optical / fluorescence and electrical/fluorescence techniques. It is capable of analyzing all kinds of organic substances, which include fuels, paints, polymers, resins, and plastics, as well as metals like iron, chromium, magnesium, copper, zinc, tin, and tungsten. It can also determine the content of radioactive substances and the ratio between different elements.

There are many benefits of using Q-TOF mass spectrometers for analysis purposes. First and foremost, it is an easy and inexpensive process, which makes it popular among various users. It is cost-effective and does not require any special infrastructure or materials to be used. Another benefit is that it is useful for research purposes. It can be used for the analysis of drugs, radon, organic compounds, combustible materials, diary, lead, and other solid-state compounds, and heavy metals.

It is a versatile instrument and can be used for various analysis tasks. It has been developed specifically for the accuracy and precision required for the job. The instrument has a fast acquisition speed of 5 cm/s and maintains a data reading rate of up to 9 cm/s. Moreover, it has a long-range operation and is suitable for analysis of all the common elements used for surface engineering applications. Q-TOF Mass Spectrometer can also be used for the analysis of liquids and can even differentiate between various minerals.

The Q-TOF Mass Spectrometers is ideal for analyzing the concentration of organics in bulk materials like grease, oil, and coolants. This method has the sensitivity to detect even the smallest quantities of contaminants. Due to its sensitive technique and faster acquisition speed, it is a very economical method for analytical studies. Besides that, this method is a good alternative to ultra-sound for the analysis of gases and their molecules.

For the purpose of separation, this method has been extensively used in the fields of pharmaceuticals and chemical analysis. Other uses are in the areas of bio-science and forensic analysis. With this method, one can get information about the sample or compound quickly and accurately. This is also used for the separation of various analytes in liquids and solids, such as water, serum, blood, oil, etc. The other uses are in the fields of petroleum and plastics analysis, as well as for the separation of various components in solid fuels. Furthermore, Q-TOF can also be used for the analysis of gases and their molecules.

In a nutshell, Q-TOF mass spectrometers is a type of ionic mass spectrometer that makes use of the theory of adsorption. That is, it can only distinguish between different kinds of charged particles, which are polar or non-polar. It relies on an interaction between the polar and non-polar ions for this function. The Q-TOF mass spectrometer uses four different methods for this purpose: electromagnetic absorption, optical/electric detection, infrared spectroscopy, and gas sensors. There is another classification, the Q-TOF-MS, which is a combination of the above-listed techniques for the rapid analysis of minute quantities of ionic particles.

Boosting sale of premium vehicle is fueling market growth of automotive floor mats

Automotive floor mats are used in all sorts of vehicles. Many people use them for protection against vibration, dirt, heat, dust, rain, snow and bird poop, etc. Other people use them to protect the floor from dents, impact, or scratches. These mats are produced from different materials such as rubber, polyurethane, polypropylene, and nylon.

The increasing focus of manufacturers on improving the sound absorption coefficient in order to enhance the performance is driving the market growth. The automotive floor mat protects the surface from wear, dirt, and corrosion. Growing adoption of the premium vehicle coupled with the increasing awareness regarding noise and vibration generated by the vehicle body is again projected to augment the market growth. According to the new vehicle registration data released by the Federation of Automobile Dealers Associations (FADA), Mercedes-Benz topped the sales charts in the premium vehicle segment in 2020. Mercedes-Benz sold 545 units in September 2020 compared to 772 units in the same month last year. In second place was BMW. The carmaker sold 467 units compared to 600 units in September 2019. Improving economic conditions and increasing consumer spendings on the luxury vehicle is again projected to foster the market growth of the automotive floor mats. Furthermore, the expanding logistic industry is boosting the adoption of commercial vehicles which is further anticipated to foster the market growth of the automotive floor mats

From the geographical point of view, Europe is expected to gain significant growth over the forecast period and this is attributed to the strong presence of the automobile industry in the region. According to the European Automobile Manufacturers Association, 15.8 million passenger cars were made in the European Union in 2019. Some 2.7 million commercial vehicles were produced in the European Union in 2019.

Key Developments:

1. In July 2019, Meguiar’s, the provider of car care products, introduced a new addition to its premium Ultimate line of products, Meguiar’s® Ultimate Tyre Shine™. This brand-new formula is Meguiar’s highest gloss tire shine to date for customers who want a soaking wet-look shine for their tires.

2. In October 2019, AutoFurnish has announced the launched their 7D Luxury Car Foot Mats for the festive season.

3. In August 2019, Tesla has launched new and better Model 3 floor mats made of recyclable material. Model 3 All-Weather Floor Liners are made from thermoplastic elastomer material for ultimate protection and spatial coverage.

Global Shared Services Market is Growing Rapidly as Indian IT Corporation Infosys Limited Joins Forces with Belgian Telecom Company Telenet to boost digital and data capabilities

"Shared Services" is a general term defining an administrative philosophy that involves centralizing all the managerial administrative functions of an enterprise that were previously performed in various locations or departments. Services that are shared among the different business units of an organization include accounting, buying, inventory, payroll, recruiting, and technical support. The benefits of shared services outsourcing include centralization of decision-making, increased efficiency, decreased costs, and increased profitability. Centralized decision-making allows a single department to make decisions related to the organization as a whole.

Increasing focus on cost minimization in overall operations is expected to accelerate growth of the global shared services market during the forecast period. Overall operational of companies have changed significantly over the years. Key personnel in the management are laying emphasis on a cost-effective approach rather than a transaction-based approach. Many organizations are focusing on the processes that would align operations with a corporate strategy, minimize redundancy, improve quality, augment service, and reduce administration cost. Shared services are proving to be key in streamlining these operations and minimizing the cost. Hence, these factors are expected to drive growth of the global shared service market during the forecast period. Moreover, growing need for improving customer service is expected to boost the global shared service market growth in the near future.

However, major issues regarding data security and complexity are expected to hamper the global shared service market growth over the forecast period. Besides, there are lucrative growth opportunities in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa. Furthermore, growing popularity of cloud-based solutions and the centralization of data are key trends in the market. Among regions, Asia Pacific is expected to witness significant growth in the global shared services market during the forecast period. This is owing to the presence of close-knit cultural homogeneity and the availability of low-cost infrastructure across the region. Moreover, Europe is expected to register a robust growth rate in the global shared service market over the forecast period. This is owing to the availability of skilled personnel and robust knowledge of languages across Western Europe. Besides, the presence of major universities that enable a vast qualified pool of talent is expected to drive the regional market growth.

Key players involved in the global shared services market are Tata Consultancy Services Limited, Infosys Limited, Capgemini SE, SAP, Cognizant, HCL, Cognizant, Atos SE, Oracle Corporation, Accenture, IBM Corporation, and EXL.

For instance, in December 2019, Infosys Limited, an Indian IT corporation, entered into a 5-year technology service contract with Telenet, a Belgian telecom company.

Significant Growth in Fast-Moving Consumer Goods Sector to Augment Growth of PP Homopolymer Market

A homopolymer is a polymer which has the identical polymer unit, or strand, in the complementary chain of polymer. Examples of common homopolymers are PVC with Vinyl chloride units, Polyvinyl Chloride units with Vinyl chloride units, Acrylate with Vinyl chloride units, and Polypropylene with Vinyl chloride units. Each Homopolymer may be further broken down into its terminal polymers, which include Vinyl and PVC or Acrylic, along with other less well-known polymers such as Polyurethane, Polysulfone, and Polyacrylate. In general a Homopolymer will have one to three hydrogen atoms fused together at their four electron centres.

Homopolymer molecules are very much like regular polymer molecules in terms of their physical properties, but in addition they have unique chemical bonds and complete sets of amino acids. The reason for this is that unlike regular polymers, a homopolymer molecule can be made only from one sequence of chemical bonds. Although it is possible to make all different types of homopolymers, in most situations a chemist will use one of the standard homopolymer designs available. In chemical reactions, where multiple chemical bonds are required, it is often necessary to use complementary sequences of Homopolymers in order to ensure that the desired reaction occurs.

Market Dynamics

Significant growth in the fast-moving consumer goods (FMCG) sector is expected to propel growth of the global PP homopolymer market over the forecast period. For instance, according to India Brand Equity Foundation, FMCG market in India is expected to grow at a CAGR of 27.86 per cent and is expected to reach US$ 103.70 billion by 2020 from US$ 52.75 billion in FY18.

However, increase in export prices of PP homopolymer is expected to hinder growth of the global PP homopolymer market. For instance, in January 2021, according to ICIS-MRC Price report, European producers announced an increase in export prices of polypropylene to be shipped to the CIS markets in January at levels above the propylene contract cost increase.

Among end-use industries, the automotive segment is expected to witness decline in the global PP homopolymer market, owing to decreeing sales of automobiles. For instance, according to the Society of Motor Manufacturers and Traders, the new car registrations in the U.K. decreased by 44% in March 2020 compared that in March 2019.

Competitive Analysis

Major players operating in the global PP homopolymer market include, LyondellBasell Industries Holdings B.V., Reliance Industries Limited, Braskem SA, INEOS Group Ltd., ExxonMobil Corporation, Borealis AG, Total S.A., Sasol Limited, IRPC Public Company Limited., National Petrochemical Industrial Company, The Polyolefin Company (Singapore) Pte Ltd., and L.C.Y. Chemical Corporation

Major players operating in the global PP homopolymer market are focused on adopting various strategies to enhance their market share. For instance, in January 2021, LyondellBasell signed an agreement with the China Petroleum & Chemical Corporation (Sinopec), an integrated energy company in China, to form a 50:50 joint venture (JV) which will produce propylene oxide (PO) and styrene monomer (SM) in China's domestic market.

Increasing Cost Pressures and Focus on Reducing Time to Market Devices to Augment Growth of Medical Devices Outsourcing Market

Medical device outsourcing is a process of contracting a third-party for different corporate business purposes such as product design, production, distribution, and prototyping. It is considered as one of the cost-effective options to improve the profitability of a medical device company. Medical device companies usually outsource their requirements to third-party manufacturers that are specialized and experienced in this industry domain. These manufacturers are equipped with the necessary skills to manufacture any kind of device that falls under the spectrum of medical device.

Market Dynamics

Increasing cost pressures and focus on reducing time to market devices to propel growth of the medical devices outsourcing market. Moreover, remote audits of medical devices due to Covid-19 pandemic is also expected to aid in growth of the market. For instance, in January 2021, The European Union announced to temporarily allow remote audits of medical devices and in vitro diagnostics under the new regulations (MDR IVDR), set to go into effect on May 2021 and 2022 respectively.

Favorable reimbursement and insurance coverage is expected to offer lucrative growth opportunities for players in the global medical devices outsourcing market. For instance, in January 2021, the Centers for Medicare and Medicaid Services issued a final rule that allows FDA-designated breakthrough devices to have Medicare coverage the same day they are approved. Moreover, investment in R&D is also expected to aid in growth of the market. For instance, in June 2020, Integer Holdings Corporation started The Galway Research and Development (R&D) Innovation Centre in Ireland to enhance Integer’s capability to provide high-quality medical devices and technologies.

The medical devices outsourcing market is witnessing several M&A activities. For instance, in April 2020, Onex Corporation agreed to acquire Independent Clinical Services Group Ltd., a provider of healthcare staffing services.

Competitive Analysis

Major players operating in the global medical devices outsourcing market include, Onex Corporation, Cardinal Health, Inc., Integer Holdings Corporation, TE Connectivity Ltd., Flex Ltd., Heraeus Holding GmbH, Plexus Corporation, Teleflex Incorporated, Sanmina Corporation, West Pharmaceutical Services, Inc., Accellent Inc., Active Implants Corporation, CIRTEC Medical Systems LLC, Mdmi Technologies Inc., Micro Systems Engineering GmbH, Creganna-Tactx Medical, and Avail Medical Product.

Major players operating in the global medical devices outsourcing market are focused on adopting M&A strategies to expand their product portfolio. For instance, in December 2020, Teleflex Incorporated acquired hemostatic product maker Z-Medica.

Increasing Urbanization and Increasing Investment in Infrastructure Sector to Augment Growth of Backhoe Loaders Market

Increasing urbanization is expected to propel growth of the global backhoe loaders market. For instance, according to the World Bank, the urban population in China increased from 49.22% in 2010 to 60.3% in 2019. Moreover, increasing number of housing units is also expected to aid in growth of the market. For instance, according to The U.S. Census Bureau and the U.S. Department of Housing and Urban Development, in 2019, an estimated 1.290 million housing units were started in the U.S., witnessing an increase of 3.2% compared to 2018.

Increasing investment in the infrastructure sector is expected to offer lucrative growth opportunities for players in the global backhoe loaders market. For instance, in February 2020, The U.S. Department of Transportation published a Notice of Funding Opportunity to apply for US$ 1 billion in 2020 for upgrading infrastructure across the U.S. Moreover, launch of new products is also expected to aid in growth of the market. For instance, in January 2021, Caterpillar launched five new backhoe loaders operating in the 14-foot and 15-foot size classes, the 415, the 416 420, 420 XE and 430 models.

Among regions, North America is expected to witness significant growth in the backhoe loaders market, owing to launch of fully electric backhoe loaders. For instance, in March 2020, National Grid and AVANGRID companies, New York State Electric and Gas and Rochester Gas & Electric became the first utilities in the U.S. to incorporate fully electric backhoe loaders in their fleets.

Competitive Analysis

Major players operating in the global backhoe loaders market include, Caterpillar, Inc., Deere & Company, Komatsu Ltd., Mahindra Construction Equipment, Volvo Construction Equipment, J C Bamford Excavators Ltd., Terex Corporation, CNH Industrial NV, Manitou Group, Action Construction Equipment Ltd., and Hitachi Construction Machinery Co., Ltd.

Major players operating in the global backhoe loaders market are focused on launching new products to expand their product portfolio. For instance, in September 2020, J C Bamford Excavators Ltd. introduced a 55kW 3CX backhoe loader with an EU Stage V compliant engine.

Major players operating in the global backhoe loaders market are focused on launching dual-fuel CNG (Compressed Natural Gas) backhoe loaders to expand their product portfolio. For instance, in November 2020, JCB India Limited launched dual-fuel CNG (Compressed Natural Gas) Backhoe Loader in India.

Personal and Entry Level storage (PELS) Market to Grow with Growing Concerns over Data Security, Storage, and Backup

Personal and entry-level storage (PELS) provides storage data facilities for all information, which is generated on a daily basis. PELS is a smart, simple, secure, affordable, and high-performance system for enterprises to start small and grow with cloud-connectivity. DVDs, CDs, flash memories, solid-state drives, and hard disks are some of the personal and entry-level storage systems. PELS find applications in web television, MPEG videos, MP3 audio digital photography, etc. The personal and entry level storage (PELS) market is growing at a lucrative rate due to increase in data generation coupled with the increasing complexities in handling a large amount of data.

Moreover, growing concerns over data security, storage, and backup are some of the factors responsible for the personal and entry level storage (PELS) market growth. The recent Information technology (IT) developments have also helped the personal and entry level storage (PELS) market in its growth. Many small and medium-sized businesses (SMBs) or small and medium-sized enterprises (SMEs) are increasingly adopting PELS to minimize the storage expenses. In September 2018, Dell EMC Launched PowerVault ME4 Series to 'Fill the Gap' for small and medium-sized businesses are businesses (SMBs).

Another key driver of the personal and entry level storage (PELS) market is the increase in the use of internet media, online gaming, and other online platforms that produce a large amount of data worldwide. According to Toshiba, a Japanese HDD manufacturer, the volume of online data generated worldwide is growing at a rate of around 40% annually. Thus, cost-effective storage is the most suitable option for customers to store data online. Moreover, increasing concerns towards data storage and data backup are creating a need for data storage equipment. In March 2020, Synology Inc. launched DiskStation DS220j, an entry-level 2-bay network-attached storage (NAS) built for data consolidation and management.

Thus, many service providers are adopting various inorganic strategies to ramp up their PELS portfolio to meet increasing demand due to the increasing inclination of enterprises towards adoption of PELS, which may drive the personal and entry level storage (PELS) market growth. For instance, in May 2020, Dell EMC launched PowerStore, the much anticipated storage array line that unifies its formerly overlapping midrange products. PowerStore will be the benchmark for the rest of the storage array industry to compare, contrast and compete with.

Moreover, in January 2020, Hitachi Vantara launched Hitachi Virtual Storage Platform G130, an entry-level storage system for the India market. VSP G130 is an extension of the hybrid-flash VSP G series systems that supports smaller data center modernization initiatives.

Industrial Burner Market is Expanding Rapidly as key manufacturer Osaka Gas Co., Ltd in corporation with Paloma Co. Ltd. launched new gas stove with area sensors

There are many different types of burners currently on the market and the first thing that must be taken into consideration when looking at the selection process is the type of operation in question. Some examples include boiler room boilers, water heater burners, and refrigeration burners, each of which requires different characteristics of the burners to function well. The most important consideration is the type of fuel that is used and the type of environment it is going to be used in. Natural gas burners provide great reliability and low maintenance, while also being a cost-effective way to burn off excess heat in a commercial or industrial setting. Oil-fired burners allow for higher temperature and a consistent burn rate which allow for longer operation times than traditional burning gas burners. Some disadvantages of using oil burning burner options include limited availability of fuel, low life expectancy, and poor air quality. Many industrial applications have been developed in recent years using both natural gas and oil as the primary fuel sources, resulting in better reliability, better burn times, and cleaner air quality.

Stringent regulatory policies in the fabrication of industrial burners are expected to boost the market growth for industrial burners in the near future. Industrial burners are subjected to various levels of temperature ranges that are typically related to the nature of production processes. These parameters are really essential in the fabrication standards. In the U.S. the Environmental Protection Agency (EPA) regulates the air emission standards of the industrial burners and their operating conditions. Hence, such factors are expected to drive growth of the global industrial burner market in the near future. Furthermore, availability of an adequate burner management system for enhanced safety is expected to propel the industrial burner market growth in the near future.

However, key challenges related to retrofitting of industrial burners are expected to hinder the global industrial burner market growth over the forecast period. Besides, the emergence of smart and wireless burners, as well as the use of 3D printing technology in industrial burner manufacturing, can present lucrative growth opportunities in the industrial burner market in the near future. Europe is expected to witness the massive growth in the market due to rapid industrial automation and the advent of Industry 4.0 in the region.

Key companies operating in the global industrial burner market are Limpsfield Combustion Engineering Ltd, Honeywell International Inc., Osaka Gas Co., Ltd, Alzeta Corporation, Mitsubishi Hitachi Power Systems, Ltd, Wesman Group, Foster Wheeler AG, Selas Heat Technology Company, Bloom Engineering, and Forbes Marshall.

For instance, in May 2019, Osaka Gas Co., Ltd launched AVANCE, the new gas stove with area sensors, which is manufactured in cooperation with Paloma Co. Ltd.