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COVID-19 Industry Impact Market Study U.S.

COVID-19 Update: Diketene Derivatives Market – Global Industry Report, 2027

Global Diketene Derivatives Market – Overview

Diketene is a colorless or light colored liquid with non-hygroscopic properties. It is generally polymerized on standing. Diketene derivatives are important industrial intermediate that is primarily used for the production of esters and acetoacetate amides. These diketene derivatives are also used in the production of pigments and dyestuff. These are highly reactive building blocks that can be blended to develop a wide range of products.

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Global Diketene Derivatives Market – Notable Developments

Some of the notable developments in the global diketene derivatives market are given below:

  • The key players in the market are focusing on entering into strategic mergers and acquisitions in order to maintain their brand value. In addition to this, some companies are expanding their production facilities.
  • Recently, Eastman Chemical Company announced that it has expanded its production facility with an objective to cater to the increasing demand for diketene derivatives across diketene derivatives from different industries such as pigments, agrochemicals, and pharmaceuticals among others.

Some of the other leading players in the global diketene derivatives market include names such as Lonza, Teijin Shoji Co. Ltd., Celanese, FMC, UCC, and Synthetic Chemical Industry among others.

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Global Diketene Derivatives Market – Drivers and Restraints

There are several factors that are helping to push the growth of the global diketene derivatives market to newer heights. One of the biggest driving factors for the growth of the global market has been exponential development of the pharmaceutical industry across the globe. More and more countries are exporting generic drugs and that has created huge business opportunities that has led to the growth of the market. For instance, in 2018 alone, the overall pharmaceutical exports from India were valued at US$17 mn.

Another driving factor for the growth of the diketene derivatives market has been the increasing demand from the agrochemical industries. Diketene derivatives find great application in the agrichemical industries in order to control pests and weeds and also for fertilizing the soil. The global food consumption levels rise, it has a direct impact on the overall food production and storage. Ultimately, it has helped in driving the development of the global diketene derivatives market.

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Global Diketene Derivatives Market – Geographical Outlook

The global diketene derivatives market has five key geographical segments as Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Among these, the global market is primarily dominated by North America. The growth of the regional market is due to a well-developed pharmaceutical industry coupled with swift drug approvals by the US FDA.

However, during the course of the given forecast period of 2019 to 2027, the Asia Pacific segment is expected to achieve the highest growth rate. This growth of the market is due to the presence of emerging economies such as India and China that want to develop their respective healthcare and pharmaceutical markets. These nations are trying to create favorable environment for the leading players in the global diketene derivatives market to set up their bases in the region. This is expected to create ample business opportunities for the leading players and ultimately help in the development of the diketene derivatives market in Asia Pacific. Moreover, the overall cost of production and labor is also low in these regions. This is very lucrative opportunity for the top diketene derivatives market companies. It has also helped in the growth of the market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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U.S.

Motor Driver IC Market Analysis Highlights the Impact of COVID-19 (2020-2030)

Motor Driver ICs: Introduction

  • A motor driver IC is an integrated circuit chip, which is used to control motors in autonomous robots. A motor driver IC acts as an interface between the motor and microprocessors in the robot.
  • A majority of microprocessors require low voltage and a small amount of current to operate, whereas motors require relatively high voltage and current to operate. Hence, motor driver ICs are primarily used in autonomous robotics, as current cannot be supplied to the motor from the microprocessor.
  • Additionally, motor driver ICs help perform various operations, such as selecting the reverse or forward rotation of the motor, protecting against overload, and regulating the motor speed
  • Motor driver ICs are available with three types of motors i.e. brushed DC motor, brushless DC motor, and stepper motor
  • Motor driver ICs are used in multiple applications such as printers, scanners, sunroofs, wipers, HVAC blowers, and radiator fans. These ICs are employed in several end-use sectors such as automotive, industrial, medical, and consumer electronics.

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Rise in Demand for Motor Driver ICs for Use in Industrial Automation

  • Motor driver ICs are largely used in industrial automation processes, such as tool machines and robots, logistics systems, food, and packaging. This is considered a major factor driving the global motor driver ICs market.
  • In industrial automation, in order to speed up the assembly line process, manufacturers are using industrial robots that are operated and controlled by using motor drivers. These robots perform operations at a high speed and with high accuracy and they consume less power. This makes the operation more efficient.
  • As a result of these advantages, the demand for motor driver ICs for use in industrial automation applications is increasing. This is expected to drive the global motor driver ICs market during the forecast period.

Automotive Segment to Witness Lucrative Opportunities

  • The automotive industry has emerged as an attractive sector for investments for organizations across the globe. In the automotive industry, motor driver ICs are increasingly used in automobiles for HVAC blowers, radiator fans, sunroofs, wipers, and oil pumps.
  • Manufacturers mostly provide motor driver ICs with brushless DC motors instead of those with brushed DC motors, as they have higher efficiency and longer lifespan. Also, they lack brush-generated electrical noise.
  • Moreover, use of motor driver ICs offers protection against faults in power supply, due to which these devices are significantly used in automobiles
  • Thus, rise in the use of motor driver ICs in automobiles is expected to offer lucrative opportunities to the global motor driver ICs market during the forecast period

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North America to Lead Global Motor Driver ICs Market

  • In terms of region, the global motor driver ICs market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • North America is anticipated to dominate the global motor driver ICs market throughout the forecast period, as a large number of manufacturers of motor driver ICs operate in the region and they are constantly investing in electronic components
  • The motor driver ICs market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.

Key Players Operating in Global Motor Driver ICs Market

The global motor driver ICs market was highly fragmented in 2018. Major players operating in the global market are focusing on technological advancements and expansions to meet the risen demand for motor driver ICs. Moreover, manufacturers are entering into partnerships for the development of innovative products.

Key players operating in the global motor driver ICs market are:

  • ABB
  • Allegro MicroSystems, LLC
  • Infineon Technologies AG
  • Maxim Integrated
  • Microchip Technology Inc.
  • NXP Semiconductors
  • On Semiconductor
  • Panasonic Corporation
  • Rockwell Automation, Inc.
  • STMicroelectronics
  • Texas Instruments Incorporated
  • TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION

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Global Motor Driver ICs Market: Research Scope

Global Motor Driver ICs Market, by Motor Type

  • Brushed DC Motor
  • Brushless DC Motor
  • Stepper Motor

Global Motor Driver ICs Market, by Application

  • Printers
  • Scanners
  • Robotics
  • HVAC Blowers
  • Gaming Machines
  • Others

Global Motor Driver ICs Market, by End-use Industry

  • Automotive
  • Industrial
  • Medical
  • Consumer Electronics
  • Others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Market Study

Family/Indoor Entertainment Centers Market Report Offers Projections of Potential Impact of Corona Virus Outbreak,2020-2030

Global Family/Indoor Entertainment Centers Market: Overview

Family / indoor entertainment centers are the places designed for people of the various ages to spend their time. The large number of gaming options for entertainment makes it possible to observe a large crowd and thus to drive the market at family entertainment centers. These centers offer a variety of fun options including arcades, gaming consoles, video games, playground areas, indoor playground systems, redeemers, child-driving, skill-oriented machine games, and virtual and enlarged-reality gambling. FECs are also host to private events such as birthday parties and corporate events in areas such as malls.

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This report offers a comprehensive study of the global family/indoor entertainment centers market, with focus on market opportunities and possible constraints, along with the latest trends driving the market.

Global Family/Indoor Entertainment Centers Market: Notable Developments

Adoption of Technologically Advanced Games/Entertainment

Currently, increasing reality (AR) and virtual reality games (VR) are trendsetting and players on the market of families and indoor entertainment centres. In addition, several gaming companies also focus on developing different technologies to enhance the experiences of the gaming in families and indoor entertainment centres. Manufacturers work on mixing AR and VR technology to produce new technologically advanced games with 3D projection mapping and interactive digital surfaces.

Loyalty Programs Offered by Vendors

Family / indoor entertainment facilities offer loyalty programs, which is an important market driver. The program is supported by parameters like visit points, reward points, cards, memberships, etc. Loyalty programs. These loyalty programs are used to retain and attract new customers with advertising aid in family / indoor entertainment centers.

  • Launch of Innovative Offerings and Services

Dave and Busters, the current leading establishment in the global family/indoor entertainment centers market is expediting its growth by offering unique services and efficient promotional marketing. The vendor focuses on providing users with an unforgettable experience, which is a key trait that the millennial generation demands. Dave and Busters has catered to this demand quite efficiently, making them global leaders in the market.

Key vendors operating in the global family/indoor entertainment centers market are CEC Entertainment, Dave & Buster’s, Main Event Entertainment, Time Zone Entertainment, and Smaash Entertainment.

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Global Family/Indoor Entertainment Centers Market Dynamics

Because of various economic factors, ticket prices at entertainment centers constantly increase. Ticket prices will also vary based on the location of family entertainment centres, which also impedes FEC’s growth in revenues during the projected period. The increase in disposable income per capita, the availability of diversified gaming and entertainment options and favorable demographics among young people in the Asia-Pacific region drive the growth of the market for family-oriented entertainment centers.

Family centers for indoor and entertainment usually calls for 8-14-year-olds and their parents. In many Asian countries the median age is in the twenties and early thirties. This shows the penetration into the Asia-Pacific of young persons under the age of 14 years, and parents spend more on their children with rising revenues & expectations, which are expected to drive growth in the global families / indoor entertainment centers market.

North America to Dominate Regional Markets

Due to the numerous players involved in this region, the market for the family and indoor entertainment centers in North America is forecasted to dominate the global market for family and indoor entertainment centers. The family / indoor entertainment facility market in Asia-Pacific is estimated to increase at a significant rate over the forecast period, given that growing GDP in Asia-Pacific countries such as China, India and Japan has increased the capacity of individuals in the region. As a result of a consistently growing middle class population and increased disposable revenue, this regional market is prognosticated to grow.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Market Price Analysis

Bridge Cable Sockets Market 2020: Worldwide Opportunities, Driving Forces, Future Potential 2030

Global Bridge Cable Sockets Market: Overview

Massive increase in infrastructural projects and construction volumes across the world is a major growth booster in the global bridge cable sockets market. Transparency Market Research notes that a steady growth curve will be charted over the period 2019 to 2027 – the assessment period of its upcoming market research report. It further notes that the growth would lead to a range of interesting opportunities, which will keep the players hooked.

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Global Bridge Cable Sockets Market: Competitive Landscape

Notable developments are marking the landscape of global bridge sockets market. These are an outcome of interplay between various factors – trends, drivers, opportunities, and how various players chose to tap into these. In fact, it is quite pertinent to note here that the fragmented vendor landscape of this market is witnessing top players dabbling with varied growth strategies.

These include mergers and acquisitions, partnerships and collaborations, product improvement, technological advancement – improvement and adoption, and focus on innovation. Therefore, it will not be wrong to say that the range covers a huge spectrum of the organic and inorganic continuum.

It is pertinent to mention the strategic alliance of Bharat Wire Ropes with Bridon Bekaert Ropes Group. The aim behind the same was to strengthen network in Asia Pacific. It is also a classic example of how alliances prove fruitful in order to consolidate market position.

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Top players in the global bridge cable sockets market are:

  • WireCo World Group
  • Esco Corporation
  • Auzac Co. Ltd.
  • CBSI
  • PWB Anchor
  • Ben-Mor
  • Muncy Industries
  • Lexco Cable.

Global Bridge Cable Sockets Market: Key trends and driver

A slew of new and old trends and drivers are noted in the landscape of global bridge cable sockets market. In its upcoming report, Transparency Market Research provides a deep dive into the growth dynamics of global bridge cable sockets market. A glimpse into the same is delineated below:

  • Number of people in the world is growing and this is set to lead to bridge cable sockets markets. By the year of 2050, the global population would reach the mark of 9.7 billion. This is 2 billion people more than the current population of 7.7 billion people.
  • Popularity and adoption of bridge cable sockets is increasing rapidly and this is set to keep the global bridge cable sockets market. Part of the reason is growing need for repair and rehabilitation of worn bridges.
  • Construction volumes are growing rapidly and this is also set to add to the growth curve which the global bridge cable sockets market is expected to chart over the forecast period. 85% increase in volume is anticipated, out of which 57% will be held by India, China, and the United States of America.

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Global Bridge Cable Sockets Market: Regional Analysis

The Asia Pacific region is on its way to be the fastest growing region in the global bridge cable sockets market. Some of the countries that will witness growth over the forecast period, contributing massively to the regional market, are Philippines, Singapore, Vietnam, Indonesia, Thailand, and Malaysia. One of the most pre-eminent factors behind this would be massive growth in the region. In the year 2018, about 70% of market share was accounted for by bridge cable sockets market. It is pertinent to note here that urbanization is also a growth factor in the regional market for the forecast period.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

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COVID-19 Industry Impact

Smart and Recyclable Pallets Market 2020: Worldwide Opportunities, Driving Forces, Future Potential 2030

Smart and Recyclable Pallets Market: Outlook

Smart and responsive pallets are becoming a crucial enabler for smart warehouses, and a key element to define the growth dynamics of the smart and recyclable pallets market. World over, adoption of industry automation piggybacking on machine learning technologies has changed the face of the palletizing industry. Incorporation of internet of things has lent an amazing visibility to tracking goods stored and transported in pallets in facilities. For all purposes, end-use industries consider recyclability in pallets a subset of smart feature, since manufacturers of modern pallets are heavily leaning on using recyclable materials; examples are recyclable timbers in making pallets. These aspects have shaped the dynamics of smart and recyclable pallets market.

A range of IoT components and technologies are used to make smart. RFID microchips are one of them. In recent years, Edge IoT for machine vision has made pallets smart. ERP, PLCs, and sensors are some of the important parts of smart and recyclable pallets market.

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Smart and Recyclable Pallets Market: Competitive Analysis and Key Developments

Manufacturers and vendors are gearing toward connecting machine vision systems to the IoT in smart warehouses. The initiative will help them gain a strong foothold in the smart and recyclable pallets market. End users are keen on harnessing the potential of IoT for machine vision solution, which is a key trend shaping the competitive scenario in the market. Various embedded computing solution providers such as ADLINK are reaping revenue gains from this trend. Top players have leveraged smart pallets vision technology for boosting their pallet profitability.

Numerous players are trying to reap new opportunities in the smart and recyclable pallets market due to custom-made pallets. In coming years, the advent of economic and environmental sustainable will shape the contours of the competitive landscape during 2020 – 2030.

Names of players aspiring substantial stakes in the smart and recyclable pallets market are smart and recyclable pallets market, ORBIS Corporation, Shanghai Lika Plastic Pallet Manufacturing Co., Ltd., Craemer Holding GmbH, and Palettes Gestion Services.

Smart and Recyclable Pallets Market: Key Trends

Incorporation of machine vision systems in smart warehouses for the manufacturing sector is a key trend bolstering the expansion of the smart and recyclable pallets market. Growing vision-based IoT initiatives in various industrialize nations have boosted the prospects of smart and recyclable pallets market. Advances made in robotic systems for pallet nailing, pallet dismantling, and pallet repair are spurring the scope of smart and recyclable pallets in warehouses. New trend being made in Industry 4.0 are boosting generation of opportunities for manufactures and other stakeholders in the smart and recyclable pallets market. Growing popularity of clad-rack warehouses has also positively influenced the expansion.

Rise in digitalization of pallets is a key trend in the smart and recyclable pallets market. Increasing incorporation of more recycled materials, such in plastic pallets, has been gathering traction among sustainability-focused brands.

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Smart and Recyclable Pallets Market: Regional Analysis

Europe and North America have emerged as strikingly lucrative regions for manufacturers and vendors in the smart and recyclable pallets market. The manufacturing sector has been attracted toward environmental sustainability quotient by the use of recycled materials. Rise in number of smaller pallet manufacturing companies in these regions has also cemented the revenue potential. Some striking advances made by IoT networks in North America has also spurred generation of new opportunities in the overall smart and recyclable pallets market.

Meanwhile, Asia Pacific market has progressed rapidly on the back of smart warehousing trends. Adoption of machine learning technologies in such warehouses is boosting revenue generation in this regional market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

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Latest Market Reports

Mosquito Repellent Market Latest Industry Scenario, Trends, Restrain & Future Forecast 2030

According to a new market report published by Transparency Market Research titled “Mosquito Repellent Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global mosquito repellent market is expected to reach a value of US$ 5,698.6 Mn by 2026. The market is estimated to expand at a CAGR of 6.3% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 1,673.6 Million Units in 2017. Asia Pacific dominated the mosquito repellent market in 2017, acquiring approximately 55% of market share. The market in this region witnessed rapid increase in urbanization, changing lifestyle of people, and rise in awareness among consumers about healthy and safe products which has fueled the mosquito repellent market in the region. Additionally, countries such as India and China have a major market for mosquito repellent due to rapid increase in population, higher population density etc. Moreover, number of cases related to mosquito diseases were also more in these countries. For example in India, cases of Chikungunya and dengue increased up to 390% from 2015-18. These countries are worst hit and the scenario is expected to worsen during the forecast period.

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The mosquito repellent market is influenced by market dynamics with the prime driving factor being the increase in Vector-borne diseases. According to WHO, Vector-borne diseases account for more than 17% of all infectious diseases, causing more than 700 000 deaths annually.More than 3.9 billion people in over 128 countries are at risk of contracting dengue, with 96 million cases estimated per year. Additionally, increase in health awareness amongst the urban and rural population across the globe is boosting the mosquito repellent market. Furthermore, increase in outdoor recreational activities is increasing the demand for creams and oils, and sprays/aerosols as they are easy to handle and carry, and can be applied as and when required.

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Based on product type, the coils segment dominated the market in 2017 and was valued at US$ 872.2 Mn at a CAGR of 6.4% due to its widespread application across the globe. Moreover, coils are cheaper compared to other mosquito repellents and are readily available in the market which leads to its enhanced consumption. However, creams and oils segment is anticipated to grow due to its high efficiency for repelling mosquitoes. Moreover, creams and oils are compact in size and are easy to handle and carry. Such products are ideal for camping and other recreational activities. Based on ingredient type, synthetic ingredients acquired major market share due to wide utilization of DEET as one of the active ingredient in mosquito repellent globally. However, natural ingredients are gradually gaining popularity across the globe as natural ingredients are chemical free and DEET free. According to distribution channel, online channel is anticipated to grow at a faster rate due to availability of wide product portfolios at a reasonable rate.

Some of the key players in the mosquito repellent market include Reckitt Benckiser Group PLC, Godrej Consumer Products Ltd., S.C. Johnson & Son, Inc., Spectrum Brands Holdings Inc., E. I. du Pont de Nemours and Company, Jyothy Laboratories Ltd., 3M, Avon Products Inc., Dabur International, Enesis Group etc.The key players adopt numerous strategies to sustain in the market. Product development and acquisition and partnership are some of the main strategies adopted by key players to gain a competitive edge.

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The mosquito repellent market is segmented below:

Mosquito Repellent Market:

  • By Product Type
    • Coils
    • Liquid Vaporizers
    • Sprays/Aerosol
    • Mats
    • Cream & Oil
    • Others (Chalk, Powder)
  • By Ingredient Type
    • Natural Ingredient
      • Oil of Lemon Eucalyptus
      • Citronella Oil
    • Synthetic Ingredient
      • DEET
      • Picaridin
      • IR3535
      • Permethrin
  • By Geography
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa (MEA)
    • South America

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COVID-19 Industry Impact Latest Market Reports

Analysis of Potential Impact of COVID-19 on Passive Fire Protection Materials Market

Passive fire protection refers to an essential and invaluable aspect of the latest construction projects and those are frequently set up in particular areas of a structure or a building. Passive fire protection materials are those substances that are being used to enhance the fire retardant properties of a building or a structure. Passive fire protection materials are also used for the purpose of protection against spreading of fire or smoke.  Construction of fire escape routes inside buildings also makes use of passive fire protection materials.

The principal aspects of any good passive fire protection are structural fire protection, compartmentalization, opening protection, and fire stopping barriers. These passive fire protection materials have achieved commercial prospects since they are crucial in escape route mapping during such unforeseen occurrences. These materials are utilized in accordance with the building codes and fire codes that local governing bodies have mandated.

The Fireseal Group, Darchem Engineering Ltd., Conquest Firespray LLC, Passive Fire Protection Partners, and Electropar Preformed Line Products are some of the prominent players in the Saudia Arabia passive fire protection materials market.

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The Saudi Arabia passive fire protection materials market is estimated to rise at a healthy 4.4% CAGR in terms of revenue, within the period of forecast extending from 2015 to 2023. With regards to volume, the Saudi Arabia passive fire protection materials market is anticipated to rise at a CAGR of 3.7% for the same timeframe. The Saudi Arabia passive fire protection materials market was valued at around US$96.2 mn at the end of 2016, and is estimated to reach US$131.0 mn by the end of 2023.  

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Increasing Number of Rig Counts to Accelerate Market Demand

In the past few years, the economy of Saudi Arabia has grown considerably. Amongst all the economic segments leveraging the thriving economic prospects of the region, the construction industry is displaying phenomenal growth. Rapid growth in the construction activities has increased the requirement for passive fire protection materials in Saudi Arabia. Furthermore, the rising number of rig counts in the region of Middle East has been a significant factor contributing towards the demand for passive fire protection materials market in the kingdom of Saudi Arabia.

The principal driver that has been accelerating the growth rate of Saudi Arabia passive fire protection materials market currently and in the next few years to come is the rising number construction projects. Government rules and regulations together with improving personnel and public safety concern standards are thrusting construction companies and organizations to use passive fire protection materials fully. This, in turn, is driving the Saudi Arabia passive fire protection materials market. Simultaneously, the Saudi Arabia passive fire protection materials market is expected to suffer owing to increasingly rigorous government regulations and emission control norms against the use of materials with high volatile organic compounds or VOCs.

It is also quite likely that foam and board products will continue to dominate Saudi Arabia passive fire protection materials market, owing to high efficiency and the ease of use of most of the board and foam products. Passive fire protection products generally make use of Calcium silicate boards.  Boards and foams are mainly utilized in building interiors. In addition to that, board and foam products also provide protection to steel structures. These passive fire protection materials are comparatively cost effective and they also add to the aesthetic value of the overall structure.

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

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Health

Spinal Cord Stimulators Market Growth Opportunities, Key Players, and Threads Analysis

Spinal cord stimulator (SCS) is also known as dorsal column stimulator. The system comprises and an electric pulse generator. Functioning of the spinal cord stimulator is based on the pain management therapy. The spinal cord stimulator hinders transmission of pain signals to the brain so that the brain does not identify the pain. The device gives positive, symptomatic, and long-term effects in cases of sciatica, cervical radiculopathy, failed back surgery syndrome (FBSS), reflex sympathetic dystrophy, arachnoiditis, and peripheral neuropathy. Spinal cord stimulation received approval from the U.S. FDA in 1989 for indications such as nerve damage in the trunk, arms, or legs. According to a study conducted by the Institute of Medicine of The National Academies, 100 million people in the U.S. suffer from chronic pain. Moreover, the study states that the incidence rate of lower back pain is the maximum. Lower back pain accounted for around 30% of all kinds of chronic pain.

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The spinal cord stimulators market is large-sized and relatively untouched. Spinal cord stimulators possess  high potential to treat widespread chronic back pain. The global spinal cord stimulators market is anticipated to witness significant growth in the next few years due to rising geriatric population, increasing demand for minimally invasive surgeries, and technological advancements across the world. In May 2015, Nevro Corporation received the U.S. FDA’s approval for its Senza spinal cord stimulator (SCS) system. This implantable and rechargeable system helps in relieving chronic pain in the limbs and the trunks. The upcoming product innovations and new product launches are expected to boost the market from 2017 to 2025. However, factors such as unfavorable reimbursement scenario, lack of trained professionals, and high cost of products and treatment are hindering the market for spinal cord stimulators. According to a survey conducted by ECRI Institute in January 2015,

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The global spinal cord stimulators market has been classified based on product, application, end-user, and geography. Based on product, the market has been segmented into rechargeable spinal cord stimulator systems and non-rechargeable spinal cord stimulator systems. Compact size, user-friendly nature, and launch of new rechargeable systems are some of the factors fueling the rechargeable systems segment.

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Based on application, the global spinal cord stimulators market has been divided into sciatica, failed back syndrome (FBS), arachnoiditis, degenerative disk disease, and others. High prevalence of chronic back pain and disk surgery and increasing demand for devices providing rapid relief are major factors likely to increase the demand for spinal cord stimulators during the forecast period. The market is anticipated to witness high growth in the next few years, due to rise in the number of health care organizations and clinics and commercialization of products across the globe. Hospitals is anticipated to be a major end-user segment of the SCS systems market and is anticipated to dominate the market during the forecast period.

Geographically, the global spinal cord stimulators market has been classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The U.S.  was the largest market in terms of revenue in 2016. while the market in is likely to expand at the most rapid pace during the forecast period.

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Boston Scientific, St. Jude Medical, Medtronic Plc, Nevro Corporation are key players operating in the global market for spinal cord stimulators. They are making investments in research activities to launch new devices. Several new entrants such as Stimwave, Greatbatch, Autonomic Technologies, Inc., and Cyberonics are planning to expand in the global spinal cord stimulators market in the near future.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Electronic Stethoscope Market Emerging Factors, Future Demands, and Key Players

Global Electronic Stethoscopes Market: Overview

Electronics stethoscopes have emerged in the recent years. They are purely a development of technology that are meant to aid improved diagnosis of ailments, especially cardiovascular diseases. In the last few years, the global electronic stethoscopes market has registered phenomenal growth, and predictions are that it will record a better growth rate during the forecast period.

As the future for global electronic stethoscopes market looks promising, Transparency Market Research is coming out with a report that provides every critical detail for growth. The report will put forth details such as current trends, drivers and challenges, regional analysis, and competitive landscape of the global market.

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Global Electronic Stethoscopes Market: Key Trends

There are numerous factors that players in the global electronic stethoscopes market can rely on sustain and grow in the business. One of the primary reasons is the advantages offered by the product. Electronic stethoscopes are able to amplify the sound and help healthcare providers better listen to body’s sounds, thus aiding diagnosis. Further, they can also convert acoustic signals into electronic signals which helps doctors record details directly on the computer. These aspects drive demand in the global market.

Another important trend in the global electronic stethoscopes market is the need to stay technologically developed. Doctors are always on the lookout for latest equipment that can help improve their practice. A stethoscope is the primary tool of a doctor, and thus having an electronic stethoscope is a priced possession for a physician. This is a significant trend in the global electronic stethoscopes market.

Moreover, the number of people adopting healthcare services are rising. As a result, a doctor is tending to more patients. In order to speed up their patient-time, doctors prefer high-end equipment. This aspect bodes well with growing demand in the global electronic stethoscopes market.

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Despite the numerous supporting factors, there are some challenges for growth in the global electronic stethoscopes market, too. Cost is high and doctors feel that there could be improvement in quality. However, the existing benefits offered by electronic stethoscopes are much higher than a traditional acoustic stethoscope. Thus, the market is believed to keep growing in the forecast period.

Global Electronic Stethoscopes Market: Opportunities

Further innovation will open new avenues in the global electronic stethoscopes market. As mentioned earlier, doctors have cited issues with quality which can be addressed by players in the global electronic stethoscopes market. As a result, many companies are actively investing huge amounts in expanding their product line with better variants. Predictions are that new models will soon hit the global electronic stethoscopes market, and steer growth in the coming years.

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Global Electronic Stethoscopes Market: Regional Analysis

Geographically, North America is predicted to emerge as the leader in the global electronic stethoscopes market. Well-developed healthcare infrastructure and high levels of awareness among doctors are some factors aiding growth in this region. Analysis is that Europe could be a close second in terms of revenue in the global electronic stethoscopes market. Further, Asia Pacific will emerge in the coming years as developing economies like India and China increase their thrust on developing healthcare.

Global Electronic Stethoscopes Market: Competitive Dynamics

Competition in the global electronic stethoscopes market marked by the presence of large number of players. Some of the prominent names include Eko, FarmaSino Pharmaceuticals, Qinhuangdao Contec Medical Systems Co. Ltd., Qufu Longercare Meditech Limited, and EXANOVO GROUP. Most players are focusing on introducing new variation of their products to sustain in the global market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants, uses proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Health

Canine Arthritis Treatment Market Analysis and Outlook Report

Global Canine Arthritis Treatment Market: Overview

Canine arthritis is a condition of pets that results in inflammation in joints and lead to a substantial increase in the inflammation due to lack of proper treatment. It commonly affects to the joints such as knee, elbow, shoulder, hip and spinal cord. There are various causes of canine arthritis in dogs such as accidental injuries, obesity, and failure in the bone development. Among all canine arthritis, the osteoarthritis is most common. One of the five adult dogs is suffering from osteoarthritis. This rising prevalence of the osteoarthritis is creating demand for its novel drugs. This is the key factor fuelling the growth of the global canine arthritis treatment market.

The report presents an in-depth study of the global canine arthritis treatment market which focuses on market dynamics, segmentation, and competitive analysis. The report offers useful guidelines to help key players and new entrants to hold a strong position in the canine arthritis treatment market. The report is the analysis and prediction of revenue mainly based on widespread primary and secondary research methodologies.

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Global Canine Arthritis Treatment Market: Drivers and Restraints 

According to the American Pet Products Association, pet owners in the US spent more than US$7.4 bn, while pet owner in Europe spent near about US$6.1 bn on the vet care in 2017. This expenditure indicates the rising awareness about the health of the pet among the pet owners. This high awareness is fuelling adoption of the canine arthritis treatments and likely to propel the growth of the global canine arthritis treatments market. Additionally, rising prevalence of the diseases such as allergies, reduced energy, lower appetite, arthritis, lameness, dysplasia, and behavioral anxieties among dogs and cats globally increasing demand for the innovative therapies and drugs in order to withdraw symptoms of canine arthritis. This has surged the adoption of the canine arthritis treatments and likely to fuel the growth of the global canine arthritis treatment market.

However, expensive treatments and possible side effects of the treatments are expected to hamper the growth of the global canine arthritis treatment market.

Global Canine Arthritis Treatment Market: Geographical Analysis

On the basis of region, the canine arthritis treatment market could be segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Of these regions, in terms of value, North America is expected to dominate the global canine arthritis treatment market and continue its dominance over the forecast period. This growth is attributable to the higher consumption from countries like the US. According to the American Pet Products Association, the number of pet and expenditure on their health is higher in the US. Thus, the region is accounting for the higher revenue in the global canine arthritis treatment market. However, Europe and the Asia Pacific are expected to grow with higher CAGR over the forecast period. The factors such as growing disposable income and raising awareness about the pet health are leading to conduct higher growth in both the regions.

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Global Canine Arthritis Treatment Market: Companies Mentioned

Some of the key players operating in the canine arthritis treatment market are Elanco (Eli Lily and Company), Ceva Santé Animale, Vetoquinol S.A., Norbrook Laboratories Limited, and Aratana Therapeutics Inc. From past few years, numerous key players have received approval for their new drugs or treatments, which is inspiring other key players to invest in the research and development (R&D) activities in order to develop the novel drugs and treatment on canine arthritis.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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About Us

“Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

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