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Rapid Industrialization Coupled with Improved Living Standards Spur the Demand for Specialty Chemicals to Reach $1.2 Trillion by 2022

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Industry Experts released the 2017 version of its global report on Specialty Chemicals global market. The new report titled ‘ Specialty Chemicals – A Global Market Overview ’ provides a comprehensive in-depth analysis of the major segments of specialty chemicals. Asia-Pacific leads the global market for specialty chemicals, which is also poised to post the fastest 2017-2022 CAGR of 6.1%. Over the last decade or so, demand for Specialty Chemicals has been somewhat subdued, with overall profitability taking a hit due to a more competitive environment. The 19-month period between December 2007 and June 2009, recognized as the Great Depression, hit a body blow to the Specialty Chemicals industry. Given the niche nature of the sector and the high-value products comprising it, recovery was slow and has been maintaining periods of crests and troughs ever since. To take a case in point, the global market for Specialty Chemicals witnessed a decline of 10% between 2008 and 2009, experienced a...

Strong Recovery in New Residential Construction Coupled with Replacement Demand to Drive US Central AC Systems Shipments to Reach 19.2 Million Units by 2022

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Industry Experts released the 2017 version of its United States market report on Central Air Conditioning entitled ‘ Central Air Conditioning Systems – A US Market Overview ’. The new report also discussed the energy efficiency standards and key markets trends of the US CAC market alongside the market estimates and forecasts. Shipments of unitary central air conditioning or direct expansion (DX) central air conditioning systems showed a promising growth during past few years, with a CAGR of nearly 7% during 2012 to 2016 period. Further, this segment is estimated to grow with a projected CAGR of 6.7% between 2017 and 2021, mainly attributed to the anticipated growth in the new residential construction activity and strong growth in demand for replacements. On the other side, shipments of the central plant air conditioning systems have performed poorly and expected to show moderate growth during the analysis period. The slowdown in new non-residential construction is blamed for restric...

Efficiency and IAQ Standards Coupled with Healthy Construction Activities to Spur US Ventilation Equipment Shipments to Reach 29 Million Units by 2022

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Industry Experts released the 2017 version of its United States market report on Ventilation Equipment titled ‘ Ventilation Equipment – A United States Market Overview ’. The new report also provides in-details analysis of the unit shipments by type for Axial Fans, Centrifugal Fans, Centrifugal Blowers, Power Roof Ventilators and Industrial Propeller Fans for the years 2014, 2015 and 2016. The United States economy is maintaining gradual recovery, and the construction activities are in full swing in both residential and commercial buildings. New residential building permits in the US increased significantly from 2010 and reached 1.2 million units by 2016 with a 2010-16 CAGR of 10.8% and further expected to sustain this growth. Driven by growth in construction sector, trend in implementing energy efficiency standards, and the desire to meet minimum ventilation in homes and commercial buildings will undoubtedly significantly increase over the several years creating opportunities for v...

Growth in Global Demand for Biophotonics Propelled by Applications Outside Healthcare Domain, $60 Billion by 2022

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Industry Experts introduced the new global market report on Biophotonics. The report entitled ‘ Biophotonics &ndash: A Global Market Overview ’ reveals that the Medical Diagnostics is the largest end-use sector for Biophotonics with US$24.7 billion in 2017 while Non-Medical applications, such as agriculture, biotechnology and food diagnostics, projected the fastest growing sectors with 2017-2022 CAGR of about 11%. Biophotonics is a field of science that employs the power of light (in terms of photons) and other types of radiant energy to examine the functional, structural, biological, mechanical and chemical properties of biological materials and systems. Though the initial focus of this technology has been in providing enhanced diagnosis for various health conditions, the current application of Biophotonics in a multitude of verticals, such as agriculture, biotechnology, food diagnostics and therapeutics has been the primary driving force behind its wider adoption. This has bee...

Positive Growth in Construction Activity and Energy Efficiency Regulations to Drive European Ventilation Equipment Shipments to Reach US$5.8B by 2022

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Industry Experts released the 2017 version of its European market report on Ventilation Equipment titled ‘ Ventilation Equipment – A European Market Overview ’. As per the new report, Germany estimated the largest producer of ventilation equipment with 13.7 million units in 2017 while Italy follows with 5.4 million units. In terms of Fan type, Axial Fans accounts for 8.5 million units followed by Range Hoods and Domestic Exhaust Fans with 6.7 million units and 5.9 million units respectively in the same year. Driven by stringent regulations introduced by the European Union to reduce energy consumption in buildings, the European ventilation industry is expected to benefit from the increasing demand for energy efficient ventilation products. Modest but steady growth in construction activity in the residential and commercial sectors would enhance demand for ventilation equipment. Other factors, such as awareness about importance of indoor air quality would go a long way in renewing mark...

The Demand for Alternative Sweeteners Projected to Reach over 2 Million Metric Tons by 2022, Owing to Increased Awareness of Obesity and Diabetes

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Industry Experts unveiled the new market research report on Alternative Sweeteners. The new report titled ‘ Alternative Sweeteners – A Global Market Overview ’ reveals that the Asia-Pacific market is estimated the largest consumer of alternative sweeteners (HIS and Polyols) accounting for slightly over half of the global consumption in 2017 and the same anticipated to increase through to 2022. The similar phenomenon is expected to witness in terms of market value too. While this report gives an overall market analysis of alternative sweeteners globally, recently released independent reports on High Intensity Sweeteners and Polyols provides an in-depth analysis of the global markets. Alternative sweeteners´ demand is anticipated to increase in the coming years is also buoyed by approvals of high intensity sweeteners and polyols in food and beverage applications by majority of the countries across the globe. Most of the alternative sweeteners are approved in North America, Europe and ...

Growing Demand for Electronics Devices Bolsters Monolithic Ceramics Market to Touch $67.5 Billion by 2022

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Industry Experts released an updated 2017 version of the global market research report on Monolithic Ceramics. As per the new version entitled ‘ Monolithic Ceramics – A Global Market Overview ’, Electrical & Electronic Components is estimated the largest application sector with US$26.3 billion in 2017 and also projected to be the fastest growing market during the analysis period 2017-2022 with a CAGR of 5.7%. Asia-Pacific is estimated and largest market for Monolithic Ceramics in 2017 while the region is also set to grow faster, compared to other regions, with projected CAGR of 6.8% during the same analysis period. Monolithic ceramics constitute the largest product category within the broader field of technical ceramics and include those ceramics that, as a rule, are not composites. On the other hand, in monolithic ceramics, the interface chemistry, as also the nature of mechanical and chemical bonding established between the two phases can be entirely different from that obtain...