Anti-Pollution Mask Market: Breathe Safe

Modernization of societies across the globe is picking up pace. Fusion of cultures from the east and the west is creating societies which are more modern than they have ever been. Modernization is transforming people’s living style, and eating habits among many other aspects. As a matter of fact, growing urbanization across the globe is a result of people’s urge to live in a modern society.

Since modern societies are perceived to offer people better access to basic amenities and better prospects of both personal and professional growth, people from rural areas are drifting gradually towards urban areas, thus increasing the urban population. As urban population continues to increase, local governments and concerned authorities are pushed to increase the circulation of vehicles for public transport. As owning a vehicle is still perceived to be status symbol in many countries, people continue to pour money into buying vehicles. Increasing number of vehicles on road is driving with it the concentration of vehicular emissions in the environment, thus increasing the incidence of various diseases which are caused by breathing in polluted air.

Growing industrialization across the globe is also contributing significantly to the degrading quality of air in many countries. Solid growth of global manufacturing sector continues to add to the concentration of all air, water and land pollutants in the environment each year.

One of the key manufacturing sectors which have been the major contributors to the global air pollution is the chemical manufacturing sector. As the demand for chemical products, from all sectors which use chemicals as raw materials in their manufacturing processes, continues to register a continuous growth, players across the chemical industry are being pushed to funnel more investments into various sectors. European Union, for instance, has been showing a robust growth in this sector over the past decade. According to a data from the European Chemical Industry Council (CEFIC), the EU chemical sales witnessed an increase from €530 billion in 2008 to €565 billion in 2018. Over the same period, the total pumping of investments by the EU member countries into research and innovation showed an increase of more than 23% as the total value of investments rose from €8 billion in 2008 to around €10 billion in 2018. Not just this, capital spending in the EU’s chemical sector also remained strong between 2008 and 2018. The total capital spending by the European Union member states into chemical industry was around €21.3 billion in 2008 and this figure stood at around €22.8 billion in 2018. While this is just one example, many other countries across the globe are also showing an impressive performance in this sector. Other industries like pharmaceutical, oil and gas, mining, and construction to name a few have also been adding significantly to the global GDP. As production across these industries continues to increase, quality of air in many parts of the world is degrading. This is despite the enforcement of stringent regulations which require companies to get Environmental Impact Assessment done before starting a production facility and to ensure adherence to environmental laws throughout the life of the facility. As the quality of air continues to degrade, many people, who are aware of the harmful effects of air pollution on their health, are increasing the adoption of anti-pollution masks.

While this market continued to show a fairly modest growth for a long time, recent outbreak of the novel coronavirus disease has given a big boost to the market growth. According to a data from the World Health Organization, the total number of confirmed COVID-19 cases, as of 11:06am CEST, 24 July 2020, stood at 15,012,731 while the total number of deaths worldwide stood at 619,150. As the number of new cases per day now stands near       247,225, fear of contracting the disease is increasing among people. What makes this even more dangerous is the fact that there is no cure to this disease and the lethality of the virus is fairly high. As this virus continues to mutate, its ability to get transmitted through air is increasing, thus mounting concerns among people. Increasing efforts by the governments to ensure that people do not step out of their houses without any anti-pollution mask, coupled with already high degree of fear among people, is spurring the sales of anti-pollution masks, and thus boosting the market growth. High ease of spreading of this virus has been pushing people associated with essential services, which include doctors, nurses, law enforcement personnel, janitors and others to wear certified masks for complete protection and change the mask after a specified duration of use. This is further fuelling the demand for anti-pollution masks, thus propelling the market growth.

Geographically, the report, titled Global Anti-Pollution Mask Market from Knowledge Sourcing Intelligence, has segmented the market into North America, South America, Europe, Middle East and Africa, and Asia Pacific. To give a clearer view of the market, these regional markets have been further segmented into countries which account for a significant market share. North America accounts for a significant share in this market and the market growth is being fuelled by increasing number of COVID-19 cases. The United States tops the list of countries with the highest number of cases and high degree of fear among people is increasing the sales of anti-pollution masks among them. Other regions also hold a significant share in this market.

3d Scanner Market Trend – Revisualising the World

A 3D scanner is integral to the process of determining the shape and volume of an object in 3-dimensional space in real-time. 3D scanners have gained impressive cognizance in light of their expansive end-use applications across a variety of fields, which are inclusive of but not limited to automotive, aerospace and defense, architecture and construction, healthcare, mining, energy, and power, which is one the core factors that are expected to drive the 3D scanner market during the near future.

3D scanner market

The other aspect that is expected to augment the swift growth of the 3D scanner market is that of the emergent trend of augmented reality due to the breakneck speed at which virtual reality technologies are being developed enabling it as a constitutive aspect of applications across a variety of fields that also extend to entertainment and gaming. Further with the advent of COVID 19, it has become a strategic imperative of businesses across the world to shift towards more advanced virtual reality solutions.

ICT Goods Imports as Percentage of the Economy's Total Goods Imports –  Developing Economies

3D Scanner market

Source: UNCTAD

In 2020, a Chinese medical imaging equipment company called XpectVision Technology has reportedly concluded an RMB150 million (US$21.46 million) series B+ round led by CCB Healthcare Industry Fund, along with SeptWolves Ventures. With nearly 400 invention patents its main focus is on the semiconductor manufacturing process and covers a large number of underlying core technologies such as integrated circuit design, in the field of industries the organization boasts a portfolio of core products like 3D scanner modeling system. Earlier in 2019, at the TCT Asia Exhibition, Thor3D, a Russian developer of hand-held 3D scanners and best known for being the first company to introduce a wireless, hand-held scanner, among others had reportedly announced the unveiling of Calibry it's a newest hand-held 3D scanner that can reportedly capture medium to large objects with the capability to collect 3M points per seconds. It also features a proprietary camera that was then pending a patent and a built-in touchscreen for convenience. Furthermore, the developing economies have also witnessed several startups in the 3D scanner space as exemplified by the founding of Lyfsize in 2019 in Bangalore, India which reportedly provides e3D body scanning technology for mobile.

Earlier in 2018 the founding of a company that provides hardware related to 3D sensing called Ansi Jiang Shenzhen Science and Technology Co., Ltd. through its 3D camera called MOGO that is reportedly capable of providing 3D depth data acquisition with a 3D depth map, 3D face recognition algorithm and 3D modeling. The organization is so also known to cater to a myriad of applications, which are inclusive of but not limited to AI, AR/VR, automotive, financial security, healthcare, industrial measurement, mobile phones, PCs, robotics, security monitoring, smart home, smart retail, among others. Further, in January 2020, it was reported that it has as received approximately 100 million yuan in Series A investment led by Beijing Qingkong Jinxin Capital, along with Alchemy Capital, Hangzhou Fulin Venture Capital Fund and Lihe Science and Technology Fund, to facilitate further research and development and production capacity expansion. Thus, form the aforesaid developments in developing economies alone it is discernible that the 3D scanner market is anticipated to witness substantial growth during the next few years.

Manufacturing, Value Added (% of Global GDP)

3D Scanner market

Source: WORLD BANK

The Manufacturing Sector Is Expected to Hold a Significant Market Share of the 3d Scanner Market Consequently Driving It to Stratospheric Heights.

The semiconductors industry has been playing an indispensable role in facilitating the manufacturing sector's digitization, automation, enhancing its efficiency thereby upholding its essential role in sustaining national economies. Delving further into the performance of the manufacturing sector it should be noted that in the first quarter of 2019 the global manufacturing output increased by 2.5 % in comparison to the same period of 2018. Considering the same period North Americas’ manufacturing output increased by 1.8 %. With regards to Austria, the manufacturing output rose by 4.1%, Belgium by 4.1%, Estonia by 5.8%, Lithuania by 5.5 %, and 7.0% in Slovakia. Shifting towards the orient, China’s manufacturing output in the first quarter of 2019 portraying a strong expansion pace since 2015 achieved a growth rate of 7.3 %. Growth rates of Basic metals (+8.9 %), computer electronics (+9.0 %), and machinery (+9.8 %) have reportedly contributed to Chinas overall economic performance. However, considering the first quarter of 2020, albeit a sharp decline of 6 % of global manufacturing output growth and an unprecedented decline that was registered by China dropping to 14.1 % due to lockdown measures necessitated by COVID-19 pandemic, certain countries showed healthy growth. To this end, it should be noted that growths were registered by Ecuador (1.4%), Finland (1.1%), Ireland (8.0%), Malta (8.6%), Philippines (1.4%), Poland (0.9%), Vietnam (7.9%), among others.

Thus, such a promising sector that has been the bastion of innovation and progress has also accommodated a myriad of applications pertaining to 3D sensors thereby not only facilitating seamless operations, among others but also has been a key driver of the 3D scanner market growth. To this end, there have been quite a few developments in the 3D scanner space. A Canadian measurement system manufacturer Creaform had in June 2020 reportedly launched MetraSCAN that is intended for metrology and manufacturing professionals and features optical coordinate measurement machine (CMM) which reportedly can withstand any kind of product condition inclusive of floor vibration and part movement. Further, the device can be reportedly used in any stage of the manufacturing process, which is inclusive of maintenance and repair, product design, QC and QA, as well as for reverse engineering. Another noteworthy mention is that of the Airbus’s strategic decision to install two measuring units that are robot-assisted at its newly opened Manufacturing Milling Centre (MMC) in Hamburg, in May 2020. The specialty of the is measuring units is that they employ  3D scanners from GOM, which is a leading provider of hardware and software for automated 3D coordinate measuring technology,  that was acquired by ZEISS in April 2019 to expand its industrial metrology and quality assurance portfolio.

 

Global Coffee Bean Market Trend – Invigorating & Healing the World

Increasing independent cafes, penetration of franchise outlets in newly industrialized countries, rising affluence making relatively expensive specialty coffees more affordable, expanding food and beverage applications, growing awareness of health benefits as well as increasing personal care applications are few of the factors, among others that are poised to driving the global coffee bean market during the next few years.

coffee bean market

Across the beverage industry, the consumption habits are more geared towards chilled on-the-go coffee beverage options made commercially available in a variety of flavors that eliminates the need to wait in a queue, albeit the coffee bean market still caters to a healthy portion of traditional coffee drinkers.  Moreover, there is always an ample scope of product innovation in areas like flavors, functionality, packaging, processing as well as in the infused coffee segment, leading to anticipated growth in the global coffee bean market. Also, coffee beans are now increasingly acknowledged for its health benefits due to polyphenols and phenolic constituents which contains Chlorogenic acids that are known to have certain therapeutic properties, which include antioxidant, antiviral, hepatoprotective, hypoglycemic properties. These have led to their applications personal care products like the Australian beauty brand Frank Body’s Express-O Scrub, among others, reportedly launched in 2018, a creamier version of its coffee body scrubs, and contains Robusta coffee grounds among other as its ingredients.

Applications Pertaining to Food and Beverage Are Going to Hold a Substantial Share of the Market Among Other End-Users

Form artisanal brewing techniques through innovations in flavors to manufactures of all sizes has been increasingly engaging in investments. The growing health awareness has resulted in increased consumption of RTD coffee which is acknowledged more as a source of energy than its traditional attribute of a pick-me-up. Another is that of cold brew techniques which by way of steeping coffee grounds in water at cold-to-room temperature for 16-24 hours results in the reportedly more caffeinated simultaneously less acidic coffee beverage. With respect to the ready-to-drinks options, the growing investments in product innovation are obscuring the lines that once delineated categories as exemplified by the reported launch of Pabst Blue Ribbon hard coffee by the Pabst Brewing Company, in December 2019, which is in essence, a malt-based beverage that is made with coffee derived from a blend of Arabica and Robusta beans, creamy, rich milk vanilla flavor and alcohol (5% ABV) with 30 mg of caffeine per can. Again in 2019, it was reportedly announced that Jägermeister will be unveiling a new alcoholic cold brew coffee with 33% alcohol by volume (ABV), which was expected to be commercially available in January 2020. The beverage is reported to contain 10% of the caffeine with the flavor of Arabica coffee, among others. These developments are further expected to drive the market for coffee beans.

Global Coffee Roast and Ground Exports (In Thousand 60-Kilogram Bags)

coffee bean market

Source: USDA

Another driver which the food and beverage industry is witnessing with regards to global coffee bean market is that of the magnitude of disruption brought about cannabis, leading to CBD infused coffee drinks as evidenced by the launch of Ready-to-Drink CBD-Infused Iced Coffee made available in cans by Elev8 Brands, Inc. (OTCQB: VATE), 2019. Flavor-wise too, innovations like Costa Coffees launch of Honeycomb flavor range reportedly in July 2020, are leading to an expansion of this segment. This flavor range will be reportedly creamier and also has a cold brew variant where it has been brewed for 20 hours and the underscored with honeycomb syrup. Further, there also have been partnerships to create new drinks and make it commercially available to grocery and convenience stores like that of ready-to-drink Starbucks Nitro Cold Brew brought about by a partnership between Starbucks and PepsiCo are made commercially available Black, Vanilla Sweet Cream and Dark Caramel varieties. Further, Pernod Ricard’s Kahlua reportedly launched in July 2020, Nitro Cold Brew made available in 6.8 fluid ounce can with 4.5 % ABV and Arabica cold brew, among others, as ingredients. Further, due to wide acceptance coffee as a flavor for edibles that includes snacks, confectionaries, among others are also leading quite a few product innovations.

Emerging economies like that of Vietnam are also witnessing product innovations for example world’s first authentic Vietnamese Cold Brew Coffee had reportedly announced the launch of a plant-based cold brew comprising a blend of premium Japanese matcha and coconut milk, in June 2020. The coffee beans are sourced from the family farm in Da Lat, Vietnam where the beans are grown microclimates of high altitude that results in a rich and dense coffee as well as giving rise to multi origin blends due to topographical diversity. The beans are reportedly steeped in cold water for a long duration and then brewed in small batches. This product is reportedly devoid of dairy, soy, and gluten among others, and is low in calories. Besides such product innovation, there have been certain strategic initiatives too by the players in the coffee bean market.

For instance, in December 2018 it was announced that the largest custom coffee roaster in America S&D Coffee & Tea, had reportedly announced that it was expanding its partnership with CBTL, by being the exclusive roaster and distributor across all commercial and non-commercial channels. Further in October 2019, an Italian company that produces, processes and markets roasted coffee with distribution across 110 countries called Massimo Zanetti Beverage Group had reportedly acquired a traditional coffee brand in Brazil, Café Pacaembu Ltda that was founded in 1957. Again, in July 2020, it was reported that that Nespresso plans to invest CHF 160m ($170m) to augment its production capacities in Switzerland by facilitating an expansion of its Romont production center, whose construction is due in June 2021 and poised to be operational by June 2022. Again, during the same year, specialty coffee company and a leading U.S. single-serve coffee producer and co-packer NuZee, Inc. (NASDAQ: NUZE) had reportedly announced a co-packing agreement with an Austin-based startup that roasts gold coffee Golden Ratio, with rationale facilitated the disruption of the coffee category with a craft beverage that tastes like tea with a caffeine content that is expected out of a normal coffee beverage.

3D Nand – The Need of the Hour for Data Storage Solution

There are two types of NAND memories in the market – 2D NAND, also known as Planar NAND, and 3D NAND. NAND is a type of memory that is increasingly becoming popular since it does not require any power source to retain the data. 3D NAND is allowing the original equipment manufacturers (OEM’s) or the end-users to attain higher performance, endurance, and efficiency in comparison to the 2D NAND. Moreover, since it is stacked vertically, it tends to have more capacity than 2D NAND within the same dimensions, thus, consuming less power, reading the data faster, and cost relatively less per gigabyte. As such, it is increasingly finding applications in the smartphone market, more particularly, among the premium range. For instance, Apple, Inc. uses Toshiba’s 3D NAND 96L Die in its iPhone 11 ProMax, iPhone 11 Pro, and iPhone 11 Model (512GB – US, 512GB – China,256GB – China) while it uses SK Hynix 3D NAND 72L Die in its iPhone 11 model (256 GB, US). Similar trends have been observed in the Samsung’s Galaxy series with the company incorporating V-NAND 512GB Die in its Samsung Galaxy S10+ models with the 3D NAND flash memory market projected to grow at a CAGR of 15.86% between 2018-2024.

3D NAND flash memory market

 

Transforming Data Storage in Data Centers

The continuous penetration of the digital world is bringing significant pressures on the data storage requirement of the firms. Thus, there has been a growing focus on increasing the data storage ability within the data centers. Since 3D NAND are vertically stacked, it allows more data to be stored per server while also delivering higher input-output operation per second per terabyte. In fact, the number of data centers is growing globally.

Data Created Everyday (In Billion GB)

3D NAND flash memory market

Source: Knowledge Sourcing Intelligence Analysis

Moreover, the estimated energy consumption share of data centers is expected to increase from 1.1% of the total energy use in 2012 to 2.5% energy use in 2020 (source: Asian Development Bank), indicating rising operational demands on the data centers. Simultaneously, the cloud storage market is estimated to grow at a CAGR of 28.49% during 2015-2023 (source: Knowledge Sourcing Intelligence Analysis). Moreover, the amount of data generated every day has increased from 39.151 billion GB in 2016 to 74.438 billion GB in 2019, thus supplementing the 3D NAND flash memory market growth.

Recent Market Developments

  • Transcent Information Inc. – a manufacturer of embedded memory products, launched a new line of solid-state drives in July 2020 that features the 96-layer 3D NAND flash.
  • In June 2020, Samsung announced its plans to expand the manufacturing facility dedicated to V-NAND, also known as Vertical NAND, production to meet the growing demand originating from the data center, and mobile device applications.
  • In April 2020, Yangze Memory Technologies Co. (YMTC) introduced its 128-layer 1.33Tb QLC 3D-NAND flash memory – X2-6070 that is claimed to have the highest I/O speed and bit density in the industry.
  • Sk Hynix Inc. confirmed that it will be transferring its existing NAND flash capacity to 3D NAND in its first-quarter results announced in April 2020.
  • Western Digital Corporation announced in January 2020 that it has developed its 5th generation 3D NAND technology BiCS5 which is built on triple-level-cell (TLC) and quad-level-cell (QLC) and is considered ideal for applications associated with mobile devices, connected cars, and artificial intelligence.
  • In August 2019, Samsung Electronics announced the mass production of 250 GB SATA SSD that integrates the company’s 6th generation 256 GB three-bit V-NAND for PC OEM’s.
  • Hitachi High-Technologies Corporation launched advanced high voltage CD-SEM “CV6300 Series” in July 2019 that enables the measurement of high aspect ratio deep holes and trench bottoms dimensions that is primarily useful while manufacturing 96 layers or higher 3D NAND flash memory.
  • Virtium LLC – a provider of memory and SSD solutions for the industrial internet of things (IIOT) market expanded its portfolio of StoryFly® family of SSD to include industrial-grade 3D NAND based drives.
  • In May 2019, Toshiba Memory Corporation and Western Digital Corporation announced that they have finalized the agreement to jointly invest in the K1 manufacturing facility producing 3D flash memory located in Kitakami, Japan.
  • Micron Technology, Inc. recently opened its NAND flash memory fabrication facility in Singapore – adding 255,000 square feet to cater to the growing demand from consumer electronics applications.

Asia Pacific Driving the Revenue Generation Opportunity

The demand for a data storage solution is increasing in China as the number of local companies is seeking to expand their operation globally in a cost-effective manner and thus, storing data on the cloud allows them to put a major proportion of their resources in building other important infrastructure. Moreover, the gradual reduction in industrial electricity prices and focus on improving the overall efficiency of the data centers is anticipated to increase the number of data centers in the country. Furthermore, China is the world’s largest smartphone market while it is also the world’s biggest automaker. In fact, it estimated that more than one-fifth of the vehicles sold in China have connected functionality. Simultaneously, in Japan, with the growing aging population in the country, technology firms are developing connected devices that record data on the cloud that can be accessed easily. For instance, Panasonic Corporation has developed a microwave resembling machines called Calo Rieco that calculates dish total calories and will store data on the cloud to suggest changes as and when required which could be useful for diabetic patients. In general, the demand for connected devices has been increasing in Japan rapidly over the years. Simultaneously, growing focus by the government of India to boost domestic manufacturing of smartphones is influencing the market in the country. Moreover, the rising number of internet users in India is driving storage needs. Simultaneously, the regulation requiring the data to be stored in the local Indian servers is projected to drive the data center space in the country, thus boosting the 3D NAND flash memory market.

ABOUT THE AUTHOR

Siddharth David is a Senior Market Research Analyst at Knowledge Sourcing Intelligence LLP. Siddharth’s expertise lies in offering predictive analysis and an all-inclusive outlook of different industry verticals from both the macro and micro point of view, with the special knack in market sizing and delivering key strategic insights. To read more articles by him, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.

Silicon Fertilizer Market: Unleashing the Benefits of Silicon in Farming

As the global population continues to increase, on account of improving fertility rates in many countries, declining mortality rates and continuously improving healthcare infrastructure, which is increasing the life expectancy in many regions, increasing pressure on resources does not come as a surprise. Since many resources are limited, growing population means that number of individuals per unit of such resources is increasing, thus increasing the pressure on them.

silicon fertilizer market

Agriculture sector remains a good example of how increasing population puts burden on some resources. Continuously shrinking arable land in many parts of the world and increasing demand for food from continuously growing global population is continuously increasing the pressure on farmers to increase their productivity. The figure given below shows the decline in arable land available per capita across the globe:

Arable Land, Global, in Hectares per Person

silicon fertilizer market 

Source: The World Bank Group

This increasing pressure on farmers, due to shrinking arable land per capita, channels down to per unit of arable land as farmers seek to increase their productivity with limited land available for food production. This is increasing the demand for solutions which can aid farmers in getting highest possible yields from the limited land they have. As a result, the demand for fertilizers, pesticides and other solutions is witnessing a continuous increase. Fertilizers have been one of the most common types of solutions which are used to improve productivity by farmers and for long, the most common and most talked about fertilizers have been nitrogen-based, phosphorous-based and potash-based. The popularity of fertilizers is evident from their growing use worldwide. The figure given below shows the consumption of fertilizers per hectare of arable land on a global level:

Global Fertilizer Consumption, in Kilograms per Hectare of Arable Land

silicon fertilizer market

 Source: The World Bank Group

While fertilizers based on either or all three elements i.e. Nitrogen, Phosphorous and Potash, are very popular, sulphur and boron based fertilizers are relatively less popular among farmers and can be considered somewhat low-key. Despite being the most abundant element in the soil after oxygen and account for nearly 30% of the earth’s crust, silicon is not available to the plant in the form it exists in. Silica or alumino-silicates is the form silicon is usually found in but the limitation of plants to absorb silicon only when it is in the form of Monosilicic Acid makes this presence of sulphur in abundance of no use to plants. In conjunction to this, limitations of plants to use only some specific transporters of silicon which are only found in the roots and not found in leaves makes it even more difficult for plants to use silicon available naturally. This is increasing the demand for silicon fertilizers among the farmers. The popularity of silicon fertilizers is being spurred by increasing awareness among farmers regarding immense benefits these fertilizers offer. Silicon fertilizers are known to enhance mechanical strength of plants along with enhancing their ability to photosynthesize. When applied in the correct form and in optimum quantity, silicon fertilizers aid plants in coping with conditions like insufficient sunshine or shading. Not just this, silicon fertilizers offer plants the ability to resist drought stress, mineral toxicity stress and biotic stress (i.e. stress caused by diseases or agents like pests), while promoting nutritional efficiency among them. The growing demand for these fertilizers among farmers is majorly attributed to unfavourable climatic conditions for farming in many regions and increasing awareness among farmers regarding the solutions available in the market. In Europe, for instance, high pressure on farmers after a heavy drought which kicked in in the summers of 2018 has been pushing them towards more advanced solutions for farming which can aid them in increasing productivity amidst unfavourable environmental conditions.

According to the World Meteorological Organization, the drought was triggered by heatwaves and disastrous precipitation which was result of record high temperatures in the region. As this situation still persists, and data from the European Drought Observatory (EDO) shows extreme dryness across some parts of Northern Europe stretching from Finland and Estonia to Belgium and the Netherlands. Since disastrous climatic changes are expected to keep triggering such events, farmers are moving towards solutions which can shield them from losses. As education to farmers, regarding best farming practices, is being given in many parts of the world, adoption of solutions like silicon fertilizers is increasing among them, thus boosting the market growth. However, the market growth is being restricted by lack of clarity among farmers in many regions regarding how much silicon fertilizers is required for different types of crops. Although researches are being carried out in some parts of the world, these are not enough to clearly determine how effective and safe are silicon fertilizers for productivity and crop health.

Geographically, the report, titled Silicon Fertilizer Market, by Knowledge Sourcing Intelligence, segments the market into North America, South America, Europe, Middle East and Africa, and Asia Pacific. Europe and North America together account for a significant share in this market and the market growth in these regions is majorly attributed to high degree awareness among farmers regarding latest farming practices. High penetration of smartphones and internet in these two regions has been connecting farmers to expert communities which has been helping them in getting enough know-how of best farming practices and technologies in the market. The Asia Pacific silicon fertilizer market is expected to show a good growth till 2025 and the market growth in this region will be driven by rising investments by market players in many countries across this region. The market growth in South America and Middle East and Africa is expected to remain decent over the next five years.

About the Author:

Dhiraj Kumar Sharma is a Market Research Analyst at Knowledge Sourcing Intelligence. He combines his outright understanding of technologies with years of experience working in the industry to deliver actionable information to clients who span across industries and geographies. Dhiraj often works closely with clients in order to better understand their requirements and is known for the quality of market insights he delivers to them.

Future of Micro Displays Technology

Micro displays are small displays made of a CMOS chip that is widely used in a number of devices such as mobile phones, digital wrist watches, and virtual reality headsets among others, and have applications across various end user industries. Growing adoption of micro displays by enterprises operating across the consumer electronics domain, and military and defense industries is considered as one of the key factors boosting the growth of the market during the forecast period. However, high manufacturing costs associated with micro displays are anticipated to hinder the market growth opportunities in the coming years.

The Surge in Demand Due to Its Adoption in Medical Display

The outbreak of the current pandemic has unexpectedly increased the need for a large number of healthcare facilities for the treatment of patients globally. In fact, most of the countries around the globe are currently focusing on the expansion of healthcare facilities which is expected to increase the demand for embedded medical displays. Also, increasing investment in healthcare facilities in form of infrastructure expansions and growing use of micro-displays to monitoring the patient’s health and the condition is further anticipated to drive the growth of the microdisplays market in the coming years.

Technology Segment Insight

LCD is one of the widely used technology in microdisplays and is witnessing increasing demand in the last few years on account of advantages such that they can consume less power, provide high resolution, and can be operated at low voltage levels. In addition, OLED technology often called Organic Light-Emitting Diodes is one of the advance display technology which utilizes a flat light emitting produced by placing a series of thin films between the two conductors. This results in a thinner, more vibrant, and brighter display in comparison to other technologies. Additionally, since it individually illuminates every pixel, it can also shut them down individually, resulting in a more battery efficient performance. These benefits offed by OLED displays have enabled smartwatch and other wearable device manufacturers to offer additional functionality such as always-on displays, thus resulting in the rapid adoption of this technology. For example, in December 2019, Garmin, one of the leading players in the smartwatch industry, launched the Garmin Venu, the company’s first smartwatch with an AMOLED display. Furthermore, augmented reality (AR) and virtual reality (VR) technologies are also gaining significant traction in recent times, primarily due to the expanding media and entertainment and semiconductor industry, which is also anticipated to lead to an increased demand for AR and VR headsets. The increasing demand for a better quality of image output, with support for higher dynamic range (HDR), deeper contrast, and more, offered by OLED displays, is estimated to augment the demand for microdisplays in different headsets in the years to come.

microdisplays market

 

End-User Market Insight

In recent years, the growing demand for hybrid electric vehicles has increased the demand for low-cost and reliable highly advance electronic components that can operate in with lower power consumption. Growing focus towards an efficient electronic system coupled with the increasing investments by major automotive players for the development of driverless cars and Advanced driver-assistance Systems (ADAS) is expected to drive the growth of the market. However, sluggish growth of the automotive industry and a sharp downturn in production and sales from 2018 because of a slump in demand in the world’s biggest producer and consumer China is expected to restrain the growth of the market in short term.

Furthermore, the current COVID-19 pandemic has significantly affected the industry from initial supply and manufacturing disruptions to demand shock in terms of job losses and global shutdown with the uncertainty of the recovery timeline. Also, focusing on China which is the major manufacturer of vehicle parts, due to nationwide lockdown and legal and trade restrictions such as closed borders there is an increased shortage of required parts resulting in limited supplies. Besides, the overall impact of global production shutdowns and collapsing demand from the automotive industry coupled with the challenges with components supply are expected to have a major economic impact in the short and medium run for microdisplays market. And the recovery of the automotive industry supply chain will take time depending on various factors such as regulation, infrastructure, and availability of workforce, the trend towards decreasing overdependency on pone country will become a prominent issue and one of the major learning from the crises for OEMs would be enforcing dual sourcing strategies and flexibility of production from one plant to another. Such upcoming strategies are anticipated to boost the growth of the market exponentially from 2021 onwards.

microdisplays market

Source: The World Bank

Geographical

By geography, The Asia Pacific region is projected to grow at an exponential rate owing to the rapidly expanding automotive and consumer electronics sector in the developing economies like China and India. North American region is projected to hold a significant share in the market due to its early adoption of technology and the growing number of product launches in the United States. Besides, the European region is also anticipated to hold a noticeable share and is expected to show good growth in the coming years with expanding the healthcare industry coupled with rising investment in research and development by major market players such as MicroVision in the region.

ABOUT THE AUTHOR:

Rajat Sudan is a Market Research Analyst at Knowledge Sourcing Intelligence, working on estimates and global/regional specific reports on multiple industries ranging from healthcare to automotive, with a special knack for semiconductor. With the addition of his formal education in Economics, Commerce, and Finance, he is able to provide more light on the macro aspects of the story. To read more articles by him, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.

Automotive Refrigerant – New Developments Are Driving the Growth

Automotive refrigerants are used in the air-conditioning systems of automobiles. These refrigerants further help in the proper functioning of the air-conditioning systems in vehicles. Refrigerants are considered to be the most integral part of automotive air systems.

The market is poised to witness a nominal growth over the course of the next five years primarily on account of burgeoning demands of the automotive users regarding the comfort in their vehicles. The trend of the installation of aftermarket air conditioning systems in vehicles is also a key factor that plays a significant role in shaping up the automotive refrigerants market growth over the course of the next five years. Furthermore, the demand for vehicles has been increasing over the past years especially in the developing economies of the world such as India, China, and Vietnam among others due to the growing disposable income and rising middle-class population further provides an impetus for the market to grow in the near future. Additionally, the participation of key market players in the development of new products and facility expansions is also fuelling the global automotive refrigerant market growth throughout the forecast period.

 

automotive refrigerant market

Furthermore, the various regulations regarding the proper emissions from vehicles and the use of approved refrigerants is also a prime factor that is expected to positively impact market growth during the coming years. However, the recent advent of COVID-19 has led to a decline in the demand as well as the production of vehicles in some countries is anticipated to inhibit the growth moderately during the short run. The graph below represents the global maternity wear market size from 2019 to 2025.

Global Automotive Refrigerants Market, Forecasts From 2019-2025, in US$ Billion

automotive refrigerant market

Source: Knowledge Sourcing Intelligence Estimates

The Growing Deployment of Electric Cars Is Positively Influencing the Growth

Governments across the globe are taking necessary steps to meet the growing needs of vehicles that utilize greener technologies is a key factor supplementing the adoption of electric vehicles. Several initiatives are being taken by the governments of both developed and developing economies for the setting up of the necessary infrastructure for the easy deployment of electric vehicles. For instance, Electric Vehicle Initiative, a multi-government policy which was launched under the Clean Energy Ministerial (CEM), a high-level dialogue among the Energy ministers of the major economies across the globe. The main aim of this policy is to accelerate the introduction and adoption of electric vehicles worldwide. Also, in June 2017, EV30@30 by the CEM for the with the goal of accelerating the deployment of electric vehicles by 30% by the year 2030. The growth in the deployment of the electric vehicle fleet also shows the propelling business growth opportunities for the manufacturers of refrigerants over the next five years. The deployment of electric vehicles reached 3.29 million units by 2018 from only 0.23 million units in 2013 (Source: IEA).

Electric Car Deployment – World, 2013 to 2018, in Million Units

automotive refrigerant market

Source: IEA

Thus, it can be clearly seen that the deployment of electric cars has increased exponentially for the past five years. The developing economies are also increasingly putting their efforts into setting up the necessary charging infrastructure further aiming towards the smooth deployment of electric cars. For example, in November 2018, Indian giants such as DLF, ABB India, and Delta Electronics, and EV Motors India announced their strategic partnership for setting up around 6500 EV charging stations throughout the country over the course of the next five years. Also, the integration of new market players in the electric vehicle segment aiming the middle-income segment population is also providing an impetus for the market players to expand their market share throughout the course of the next five years.

Stringent Regulations

The market for automotive refrigerants is also poised to witness a growth on account of the stringent regulations regarding the use of refrigerants in the vehicles. Several regulations such as the regulations laid down by the United States Environmental Protection Agency further promoted the use of approved refrigerants which is anticipated to positively impact the market growth during the next five years. The requirements such under section 609 of the Clean Air Act (CAA), while two additional sections of the CAA, 608, and 612 also play a significant role in shaping up the market growth through the forecast period.

COVID-19

The recent outbreak of the novel coronavirus disease is expected to inhibit the market growth to some extent especially during the short period of the next six to eight months. The government measures to minimize the spread of the disease have led to a temporary suspension of the manufacturing activities across the automotive sector. Many companies have shut down their plants, which has further led to a downfall in the demand for automotive refrigerants by the manufacturers, thus anticipated to restrain the market growth to some extent.

Participation by Market Players

The constant participation by the key market players in the form of facility expansions, product launches, mergers, and partnerships with an aim to expand their market share further shows the potential of the global automotive refrigerant market to grow in the near future. For instance, in June 2018, Honeywell International Inc announced the launch of its latest product, Solstice® N41, which is a non-inflammable and a low global-warming potential refrigerant for the air conditioning systems. Also, in June 2017, Honeywell International Inc and Chemours announced the opening of their manufacturing facilities for the production of HFO 1234yf. Also, in May 2017, the company announced the launch of Convenient R-1234yf Service Can especially for technicians across the automotive industry.

The global automotive refrigerant market has been segmented on the basis of refrigerant type, vehicle type, sales channel, and geography. By refrigerant type, the market has been classified on the basis of R-134a and R-1234yf. By the vehicle type, the segmentation of the market has been done into passenger vehicle and commercial vehicle. On the basis of the distribution channel, the market has been distributed as online and offline. Geographically, the market has been segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific.

Display Panel Market Trend – Enabling a World View Through the Looking Glass

The display panel market is estimated to be propelled to unprecedented heights primarily because virtually every accessible consumer electronics are made commercially available with display panel integrated with them. Rising affluence, declining prices, growing R&D investments and product innovations as well as increasing demand from emerging makers such as India and especially China where eCommerce has penetrated almost every consumer segment demographically as well geographically, are a few of the core factors that are expected to drive the growth of the display panel market.

display panel market

Besides, display panels have emerged as the go-to medium of enticing prospective consumers and for disseminating information of products and services. They are ere also being increasingly deployed in public places for notifying the public about various aspects related to traffic and weather conditions, stock market information, and so on. Albeit the current downward draft in public events due to the prevalent lockdown measure which has been enforced by national governments because of COVID 19, the recent development of a vaccine and a plausible normalization of business activities will lead to a surge in concerts and other such events where display panels are an inseverable component, which is also expected to facilitate the market growth. From the perspective of consumers electronics, wall-mounted television units, cellular phones, as well as notebooks, among others are poised to further drive the growth of the market, especially during present times due to  COVID19  where work-from-home, video conferencing, eCommerce activities and availing entertainment through web streaming services have surged to an unprecedented level.

The Led Type of Display Panels and Its Variants Like Oled Is Expected to Occupy a Significant Share of the Market

From automotive to handheld devices, the LED type of display panel and its variants are expected to reach stratospheric heights due to its benefits like lightweight, superior image quality, and better form factor. For example, in February 2020, it was announced that the large 2021 Cadillac Escalade SUV, which is packed with enticing features have added the much-awaited 38-inch curved display, which is reportedly the largest monitor in the automotive industry by employing OLED technology which as per the organization has the twice the pixel density of 4K TVs. On the other side of the spectrum, Samsung Display has reportedly launched an optimized OLED display for smartphones enabled with 5G claiming that the display features, less blue light emissions and will consumer comparably less power. The display has been reportedly certified by SGS SA (SIX: SGSN), which is a swiss based multinational company headquartered in Geneva, that provides inspection, verification, testing, and certification service. Earlier in May 2019, it was announced that renowned fabless display drivers and semiconductors manufacturer, among others Himax Technologies, Inc. (NASDAQ: HIMX), has reportedly launched its flexible OLED automotive display driver and timing controller for China’s largest display manufacturer, BOE Technology Group Co., Ltd.,

The Rising Volume in Technology Goods Trade and Recent Trade Agreements Are Poised to Drive the Display Panel Market

The semiconductor industry has witnessed and facilitated the value of trade in the international import of ICT goods (information and communications technology) (reaching above 2 trillion USDs, in 2017) has been spurred by the demand of electronics components, which is increasingly being integrated with IoT (Internet-of-Things) device applications. Among the myriad of ICT products, trading in electronic components continued to expand, which was just below consumer electronics subsequently translating to the fact of swift transitioning to digitization and growing affordability.  In 2018, sales of eCommerce [both B2B (business-to-business) and B2C (business-to-consumer)] had hit just above 25 trillion USD mark which was up by 8% from 2017 and was equivalent to 30% of the GDP (global gross domestic product) that particular year. Further due to the global pandemic to which the world has succumbed, there will be an upswing in digital solutions, services, and tools.

Share of Ict Goods as Percentage of Total Trade, Imports

display panel market

Source: UNCTAD

Moreover, as of 1st June 2020, there are reportedly 303 regional trade agreements in force. The most recent being the European Union Vietnam Free Trade Agreement (EVFTA) & EU-Vietnam Economic Integration Agreement (EVIPA) between EU and Vietnam, whereby 65% of duties on EU exported to Vietnam will be eliminated while the remaining will be phased out gradually in coming 19 years. On the other hand, 71 % of duties on exported originating from Vietnam will be eliminated while the remaining be eliminated over seven years. Being an ambitious agreement that seeks to eliminate almost 99% of customs duty between the EU and Vietnam, it is expected to facilitate investments in electronics, among others, in which EU investors have been most active. Whereas for Vietnam the elimination of tariff will benefit key export industries which also include those engaging in the manufacturing of smartphones and electronic products which is yet to extensively develop.

Investment Policies in Emerging Economies Are Expected to Bolster the Display Panel Market Growth

For instance, with respect to India under National Policy on Electronics 2019 (NPE 2019) that envisages placing India as the global hub for ESDM (Electronics System Design and Manufacturing), the government of India has proposed Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing which was notified in April 2020. Under this scheme, the incentive has been linked with production to bolster domestic production and attract large investments in mobile phone manufacturing and specified electronic components. This has resulted in organizations like the Taiwanese multinational electronics contract manufacturer Foxconn (TWSE: 2317) (the trading name of Hon Hai Precision Industry Co., Ltd) and Wistron Corporation (TWSE: 3231)  which is a major original design manufacturer in Taiwan, along with local handset makers Dixon, Karbon and Lava to reportedly apply for the production-linked incentive (PLI) scheme. These investments are expected to spur the activities and increase more engagements in the consumer electronic industry thereby facilitating the growth of the display panel market. Besides, after launching the world’s largest mobile factory in India in 2018, with plans to reportedly double the current capacity for mobile phones in Noida from 68 million units a year to 120 million units a year, as of January 2020, it was reported that the company has plans to invest in a smartphone display manufacturing plant in the state of Uttar Pradesh.

Surface Mount Technology: A Major Contributor to the Growing Miniaturization Trend

Surface Mount Technology (SMT) is referred to as an area of electronic assembly utilized for mounting electronic components onto the surface of a printed circuit board (PCB). Earlier, development engineers used to insert components via holes in conventional assembly.

As the level of automation rose for the PCB assembly, the utilization of traditional components with leads did not work well for PCB assembly. Hence, the advent of surface mount technology reduced the manufacturing costs and helped in making efficient utilization of PCB space. With the use of surface mount technology, it is now possible to make highly complicated electronic circuits with increasing miniaturization of devices. The soaring miniaturization trend is further contributing to enhancing market growth. The components can be designed to a much smaller size and can be mounted on the PCB much closer together than the traditional leaded counterparts. This has further led to achieving a greater level of functionality within the integrated circuits.

Through SMT, it has become quite convenient for the components to be soldered directly onto the board. Today, almost all of the electronic equipments are manufactured utilizing the surface mount technology.

surface mount technology market

 

The growing demand for consumer electronics is contributing to fueling the growth of the surface mount technology market, with a rise in consumer electronics manufacturing. This growth in demand is further supported by the increasing urbanization, increasing purchasing power of the consumers who are willing to spend on premium consumer electronic products such as kitchen appliances as this helps in saving time and provides convenience to people following a busy schedule. The women entering the main workforce has also contributed to the manufacturing of sophisticated electronic devices. The Asia Pacific region, mainly India and China are considered to have a substantial market share in the global consumer electronics industry due to high consumerism owing to a large population base coupled with increasing disposable and family income. As per the National Bureau of Statistics, China, the per capita disposable income increased by 5.8% y-o-y to reach 30,733 yuan in 2019.

surface mount technology market

Source: National Bureau of Statistics China, per capita disposable income in Yuan

There is an availability of different types of package for different types of surface mount component. In general, package styles are categorized into three categories namely, passive components, transistors and diodes, and integrated circuits. According to the level of adoption of surface mount technology, a variety of components are available in market, this is mainly driven by the high demand for these components in comparison to traditional leaded forms. Nonetheless, the basic components such as transistors and numerous logic and analogue ICs are usually available in both the formats, traditional leaded component and as a surface mount component.

One of the main reasons for the adoption of surface mount technology lies in providing great improvement in speed, reliability, and cost for the printed circuit board process in a manufacturing facility. This has further put a strong impact for technology adoption and also impacted the designing and development of novel electronic circuits and equipment. Hence, this shift has contributed to improvement in circuit development and performance.

SMT is extensively utilized for the PCB assembly and manufacture as it is possible to pack more electronic components in a much smaller space using this technology. Surface mount components are quite smaller in size and are known to offer a better level of performance. Additionally, these can be utilized with an automated pick and place machine in the assembly process, further reducing human intervention and avoiding chances of error. Hence, with growing industrial automation in the semiconductor industry along with other industries, the market will continue to grow at a significant pace at present and in the future.

It has been noticed that in several industries where PCB assembly takes place, there is still a requirement of manual intervention, however, this is continuing to fall with time. With advancements in PCB designing, currently, printed circuit boards are manufactured to an extent that the surface mount components utilized are capable of being placed automatically. Additionally, this has provided an opportunity for the component manufacturers to develop specialized surface mount versions of components, offering complete automated assembly for most PCBs, further contributing to the market growth.

Amid the novel coronavirus infection scenario, it is predicted that the consumer electronics industry was the worst hit due to the lockdown measures resulting in movement restrictions. The trend was closely followed by the industrial and automotive industry as well. Disruptions in the supply chains causing shipment delays for the manufacturers of the electronic products were noticed on a large scale. Hence, it has contributed to causing an adverse impact on the market growth as well. This is further attributed to the mass migration of employees to work remotely, also, due to the preventive measures taken in order to avoid gatherings and break the chain, many manufacturing units were forced to shut down. Furthermore, the COVID-19 pandemic has put enormous pressure on the sectors that are dependent on imports from China for their production. This is due to the fact that the country is a hub of factories for many countries in the world. However, not all the electronic industries are suffering from the global pandemic. This is attributed to the increase in sales of electronic goods and equipment required for gearing up with the adoption of work-from-home. It is being observed that consumers are buying electronic products in order to support their shifting to adopting new methods of interaction like video conferencing, additionally, they are also taking initiatives regarding the enhancement of their home entertainment experience amid COVID-19. Apart from this, the demand for medical devices also surged at a significant pace. Tracking and logistics have become busier than before as food packaging companies are speeding up in order to keep pace with the high demand. Furthermore, the demand for electronic devices that are allowing companies to continue to work even during lockdown is adding to surge the surface mount technology market growth.  

Besides, the advantages offered by the surface mount technology, there are certain disadvantages as well. There is always a scope of improvement for any technology, SMT also has its own limitations. For example, high-power/voltage parts SMT are not ideal, that is why there is a provision of holes and SMT on the same device. Also, components that generate a lot of heat or carry a high electrical load are not suitable for surface mount technology. This is due to the fact that solder can melt under high heat and it is not capable of adapting to mechanical stress. Hence, inspite of the fact that surface mount technology is utilized on a large scale, it does not hold suitability in all cases.

ABOUT THE AUTHOR:

Vibha Saklani is a Market Research Analyst at KSI, working on the estimates and global reports on multiple industries spanning from IoT to food and beverages, with a special knack for healthcare, medical devices, and related markets. With the addition of her formal education in Biotechnology and having a research background, she is able to shed more light on the detailed analysis of the story. To read more articles by her, and for more information regarding multiple global markets, visit www.knowledge-sourcing.com.

Bioceramics Market Trend – Revolutionizing Human Diseases and Debilitation Treatment

Bioceramics are essentially a part of biomaterials which are inclusive of but not limited to applications pertaining to implants like bone plates, dental implants, heart valves, intraocular lenses, joint replacements, ligaments, sutures, vascular grafts, etc. as well as medical devices artificial hearts, biosensors, blood tubes, pacemakers, are widely employed to restore and /or replace the function traumatized or degenerated organs or tissues to aid and expedite the healing process, enhance the functions, rectify the abnormalities thereby facilitating the overall improvement of the quality of patients.

bioceramics market

Applications wise it has emerged integral to orthopedic, dental, biomedical, cardio-vascular solutions, among others. In applications pertaining to orthopedic many kinds of bioceramics are employed and the choice of bioceramics is governed by the kind of defects that it rectifies. Further, the employment of nanoscale bioceramics to fabricate various usable products has revolutionized the manner in which bioceramics have been used in orthopedic surgery due to the widely acknowledged effectiveness of nanomaterials in osseointegration and osseoconduction as well as its capability to provide a porous network of precise nature that is determinant of bone repair rate.

Factors That Are Fostering Various Strategic Initiatives and Driving the Growth of Bioceramics Market

To this end its important to note that the chemicals and materials industry has made significant strides and has witnessed prolific engagement in research and development activities bringing about a sea change in the capabilities of bioceramics. For instance, in March 2018, Dimension Inx, which is a biofabrication company that leverages the capabilities of patented 3D-printing biomaterials design and the platform to manufacture had reportedly commercialized a regenerative medical product that has fundamentally changed the way human diseases and debilitation have been treated thus far, called Hyperelastic Bone™. It is composed of less than 90 wt.% hydroxyapatite, which is the same mineral found in bones and teeth. The unique aspect that makes it a path-breaking product innovation in the bioceramics market is that despite being mostly mineral it retains flexibility and can be printed at room temperature, which either can be shaped generically or printed to the specifics matching with a particular patient. As of March 2020, the issuance of U.S. Patent No. 10,584,254, was reportedly announced by the company that covers its proprietary biomaterials design and 3d-printing manufacturing system.

Delving further into bioceramics market, rising occurrences of osteoarthritis; availability of low-cost alternatives facilitating preventive care; properties of certain bioceramics like bioinertness; high abrasion resistance and tensile strength; the increasing rate of biocompatibility with the needs of patients as well as the demand for biocompatible materials which reduces post-surgical occurrences of infection are few of the core factors that are poised to drive the growth of the bioceramics market trend. Furthermore, another factor that is poised to augment the growth of the market is the growing pool of aging population in developed countries. To this end, it may be noted that according to the United Nations (UN) it is estimated that 1 out of 6 people will be over 65 years of age by 2059 which is an increase of 16% from 1 in every 11 individuals I.e. 9% (2019 estimates). Moreover, 1 out of every 4 individuals living in North America and Europe could be over 65 years of age. Furthermore, the year 2018 marked a historical event, wherein for the first time the total number of people over 65 years of age and above had exceeded the number of children under 5 years of age globally. Before all foregoing, the number of people who are 80 years of age and above is projected to triple in 2050 accounting for a population of 426 million from 143 million in 2019.

Population Aged 65+ of High Income Countries (Forecast in Thousands)

bioceramics market

Source: United Nations, Department of Economic and Social Affairs, Population Division

Further, irresponsible consumption proclivities that necessitate the requirement of dental crowns, among others, have led to the expansion of the market share of dental applications of bioceramics. This is also another factor responsible for the growth of the global bioceramics market. Thus, when it comes to the segment of dental applications, the bioceramics market has been awash with quite a few strategic moves made by the market players in recent years. For example, in July 2018 it was reported that Institut Straumann AG (Straumann Group) has acquired 30% stake in its biomaterials partner botiss biomaterials GmbH ( botiss biomaterials) facilitating the expansion of the latter’s global distribution network of the former’s products as well as further deepen the collaboration that has proved beneficial in driving dental biomaterials segment. botiss biomaterials is a globally renowned international supplier of products pertaining to oral tissue regeneration. Again in 2018, it was reported that Henry Schein, Inc (NASDAQ: HSIC), which is a globally renowned health care company catering to animal health, medical, and office-based dental practitioners had made three investments with the rationale to advance the company’s business pertaining to dental implants. Out of which, the acquisition of Intra-Lock International, a provider of solutions for dental restoration that includes biomaterials among others, is a noteworthy mention pertinent to the bioceramics market.

The Category of Biomaterial That Is Going to Occupy a Significant Market Share

Progressing to the segments of types and materials, the bioinert kind of bioceramics is expected to hold a significant share of the market due to its unique characteristics of retaining its physical and mechanical properties after implantation. The other aspect is that of its non-carcinogenicity and lack of biological response. Their usefulness in gliding function is widely acknowledged that stems from the property of its excellent wear. Further, a bioinert type of bioceramics is also known for its capability to maintain excellent biocompatibility and high strength concomitantly adjust conductivity and lubricity. Zirconia is one such material that is anticipated to be catapulted to stratospheric heights due to the increasing advancements and profusion of zirconia-based restorations in dental care as well as due to its preference in hip prostheses. Its favorable physical properties and comparatively lesser production costs are also other factors that are expected to drive the share of zirconia in the bioceramics markets in the next few years. Further, emerging markets like that of India and China have policies in place that are favorable for propelling the growth of bioceramics markets Viz. the national drug pricing regulator of India which is called National Pharmaceutical Pricing Authority (NPPA) has reportedly notified in August 2019, that prices for orthopedic knee implants, on which price control measures were institutionalized two years ago, will be monitored till mid of August 2020, unless revised. Under the aegis of this pricing control measure, the cost of knee implants has been reportedly reduced to 69% leading to a national saving of Rs. 1,500 crore p.a. for consumers.