The Polyester fiber market is expected to grow at a compound annual growth rate of 7.60% to reach a market size worth US$123.757 billion by 2027. This market was valued at US$74.092 billion in 2020.
Polyester fiber is a synthetic material made up of polyethylene glycol & terephthalic acid that has good flexibility, wrinkle resistance, and abrasion resistance. Polyester fibers are employed in various industrial applications such as automobile tire reinforcing, safety, and conveyor belts, as well as garment and home furnishing materials. Furthermore, these materials can be used to manufacture sporty and high-quality clothing when combined with natural fibers.
Analysts anticipate that the market will amplify due to the growing demand for polyester fiber in the textile and apparel industries during the forecast period.
The worldwide polyester fiber market is likely to rise in the future years as the need for polyester fibers increases in the textile and clothing industries, which have been steadily growing. Increased government initiatives in the textile sector have been a crucial role in the industry’s growth. Between 2010 and 2019, the textile sector in the United States invested a total of US$19.9 billion in new plants and equipment, as per the National Council of Textile Organizations. Furthermore, according to NCTO data, the value of shipments of man-made fiber, yarn, fabric, apparel, and sewn products in the United States has increased from US$71.1 billion in 2016 to US$75.8 billion in 2019. Furthermore, the textile and clothing industries have been booming in various emerging nations, particularly India, which has boosted the demand for polyester fiber. India’s textile and garment sector is predicted to grow by 47 percent from US$150.0 billion in 2020 to reach US$220.0 billion in 2026, as per IBEF forecasts. During the projected period, this is expected to propel the growth of polyester fibers.
The volatility in crude oil prices can act as a stumbling block to market growth at a global level
The downstream products of crude oil, like purified terephthalic acid (PTA) and monoethylene glycol (MEG), are frequently utilized as raw materials in the manufacturing of polyester fabric. As a result, the price of polyester raw materials is affected by crude oil price fluctuations. As per the BP Statistical Review of World Energy, the price of crude oil has changed in recent years. For example, the price of crude oil reduced from US$98.95/bbl in 2014 to US$52.39/bbl in 2015, continued to increase from US$43.73/bbl in 2016 to US$71.31/bbl in 2018 and then decreased to US$64.21/bbl in 2019. As a result of the ambiguity in crude oil prices, the price of polyester fiber also rises. Hence, the volatility in crude oil prices is projected to be a key issue for polyester fiber market producers, hampering industry expansion over the projection period.
The PET segment is anticipated to witness a tremendous market share considering the grade
PET-grade polyester fiber is extensively used in carpets, rugs, and household textile products due to its superior tensile strength, stiffness, and ductility. Because of the rising furniture industry, which is quickly adapting to market changes by making anti-static & anti-abrasive carpets, rugs, as well as other products, this category will see significant growth. Furniture and home furnishings sales increased by 7.2 percent in January 2022, according to the US Department of Commerce. PET-grade polyester fiberfill can be used to stuff cushions, sleeping bags, and pillow paddings. By gradually rising demand for PET-grade materials, these applications will add to the overall polyester fiber market share in the future years. The rise of the e-commerce business is likely to boost the segment’s market share over the projection period. It offers a wide range of affordable products, as well as speedy delivery alternatives, straightforward return procedures, and material warranties, all of which contribute to increased global product demand.
Over the projection period, the staple category is expected to gain a momentous market share
Spinning & nonwoven weaving typically use polyester staple fiber. PSF is mostly used in the stuffing of cushions and couches. It’s also used in the manufacture of Polyester Spun Yarn, which is then knitted or woven into textiles. The primary factors driving the market include rising demand for garments from the textile industry and the increasing demand from the home furnishings segment. Growing awareness of recycled polyester staple fiber as a result of rising environmental concerns is likely to open up a slew of attractive potential for industry expansion.
The apparel segment is expected to account for a massive share of the total market
Due to shifting customer preferences, the global apparel market has undergone a fundamental shift. Apparel was the largest application segment, accounting for a significant portion of the total. Activewear, sportswear, & intimate wear are all part of the apparel category. Clients are gradually opting for eco-fashion, which refers to garments made from polyester fiber, as textile technology advances. In comparison to other fibers, it is the most ideal replacement for cotton because it is cheaper, thinner, and comes in a variety of designs and colors. Antimicrobial characteristics are present in several forms of polyester fibers, which are hi-tech in nature and offer superior protection against unpleasant odor as well as other secondary infections. The entire product demand is being boosted by these improved features.
A large portion of the market share is expected to go to the solid segment, by form over the forecast period
Because of shifting consumer preferences for extremely durable, cost-effective, & weather-resistant materials, solid fibers are expected to dominate the sector and will experience significant expansion. Polyester fiber market share will be driven by rapidly expanding demand for solid fibers due to its diverse uses in home furnishing products, garments, and high-end materials over the projected period. Solid fibers also have strong tensile strength, are readily available, have even fiber weaving, and are well-finished.
According to regional analysis, the polyester fiber market in the Asia Pacific is expected to hold a significant share during the projected period
Asia-Pacific is anticipated to grow its presence in the polyester fiber market due to the region’s fast-growing textile sector, rising disposable income, and increased commercial and residential buildings, Furthermore, the market is being driven by the growing fashion sector in developing nations such as China, India, and Japan. The Indian government has created the Apparel Park for Exports initiative to give a boost to the establishment of international-standard apparel manufacturing facilities in promising growth areas. According to Invest in India, India has surpassed China as the world’s second-largest maker of personal protective equipment. More than 600 firms in India are approved to manufacture personal protective equipment (PPE), with a global market worth of more than US$92.5 billion by 2025, rising from US$52.7 billion in 2019. In the textiles and clothing business in India, FDI is expected to reach US$3.4 billion by 2020. Individuals’ increased per capita incomes fueled a surge in garment demand in the Asia-Pacific area. As a result of the thriving garment industry, demand for polyester fiber is also on the rise, which is expected to boost the polyester fiber market in APAC throughout the forecast period.
COVID-19 Insights
The COVID-19 epidemic had a significant influence on the polyester fiber market. The COVID-19 virus’s widespread outbreak and exponential spread led to a significant drop in end-user industries, particularly the textile industry, which reduced market demand and hence negatively impacted the market. The virus had a significant impact on China, a key source of polyester fiber, causing significant market disruption.
Global Polyester Fibre Market Scope:
| Report Metric |
Details |
| Market size value in 2020 |
US$74.092 billion |
| Market size value in 2027 |
US$123.757 billion |
| Growth Rate |
CAGR of 7.60% from 2020 to 2027 |
| Base year |
2020 |
| Forecast period |
2022–2027 |
| Forecast Unit (Value) |
USD Billion |
| Segments covered |
Grade, Product, Form, Applications, And Geography |
| Regions covered |
North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered |
Reliance Industries Ltd., Alpek S. A. B., Bombay Dyeing, China Petroleum Corporation, Far Eastern New Century Corporation, Huvis Corporation, Indorama Corporation, Shubhalakshmi Polyester Ltd. |
| Customization scope |
Free report customization with purchase |
Polyester fiber – The Art of Fabric
BlogThe Polyester fiber market is expected to grow at a compound annual growth rate of 7.60% to reach a market size worth US$123.757 billion by 2027. This market was valued at US$74.092 billion in 2020.
Polyester fiber is a synthetic material made up of polyethylene glycol & terephthalic acid that has good flexibility, wrinkle resistance, and abrasion resistance. Polyester fibers are employed in various industrial applications such as automobile tire reinforcing, safety, and conveyor belts, as well as garment and home furnishing materials. Furthermore, these materials can be used to manufacture sporty and high-quality clothing when combined with natural fibers.
Analysts anticipate that the market will amplify due to the growing demand for polyester fiber in the textile and apparel industries during the forecast period.
The worldwide polyester fiber market is likely to rise in the future years as the need for polyester fibers increases in the textile and clothing industries, which have been steadily growing. Increased government initiatives in the textile sector have been a crucial role in the industry’s growth. Between 2010 and 2019, the textile sector in the United States invested a total of US$19.9 billion in new plants and equipment, as per the National Council of Textile Organizations. Furthermore, according to NCTO data, the value of shipments of man-made fiber, yarn, fabric, apparel, and sewn products in the United States has increased from US$71.1 billion in 2016 to US$75.8 billion in 2019. Furthermore, the textile and clothing industries have been booming in various emerging nations, particularly India, which has boosted the demand for polyester fiber. India’s textile and garment sector is predicted to grow by 47 percent from US$150.0 billion in 2020 to reach US$220.0 billion in 2026, as per IBEF forecasts. During the projected period, this is expected to propel the growth of polyester fibers.
The volatility in crude oil prices can act as a stumbling block to market growth at a global level
The downstream products of crude oil, like purified terephthalic acid (PTA) and monoethylene glycol (MEG), are frequently utilized as raw materials in the manufacturing of polyester fabric. As a result, the price of polyester raw materials is affected by crude oil price fluctuations. As per the BP Statistical Review of World Energy, the price of crude oil has changed in recent years. For example, the price of crude oil reduced from US$98.95/bbl in 2014 to US$52.39/bbl in 2015, continued to increase from US$43.73/bbl in 2016 to US$71.31/bbl in 2018 and then decreased to US$64.21/bbl in 2019. As a result of the ambiguity in crude oil prices, the price of polyester fiber also rises. Hence, the volatility in crude oil prices is projected to be a key issue for polyester fiber market producers, hampering industry expansion over the projection period.
The PET segment is anticipated to witness a tremendous market share considering the grade
PET-grade polyester fiber is extensively used in carpets, rugs, and household textile products due to its superior tensile strength, stiffness, and ductility. Because of the rising furniture industry, which is quickly adapting to market changes by making anti-static & anti-abrasive carpets, rugs, as well as other products, this category will see significant growth. Furniture and home furnishings sales increased by 7.2 percent in January 2022, according to the US Department of Commerce. PET-grade polyester fiberfill can be used to stuff cushions, sleeping bags, and pillow paddings. By gradually rising demand for PET-grade materials, these applications will add to the overall polyester fiber market share in the future years. The rise of the e-commerce business is likely to boost the segment’s market share over the projection period. It offers a wide range of affordable products, as well as speedy delivery alternatives, straightforward return procedures, and material warranties, all of which contribute to increased global product demand.
Over the projection period, the staple category is expected to gain a momentous market share
Spinning & nonwoven weaving typically use polyester staple fiber. PSF is mostly used in the stuffing of cushions and couches. It’s also used in the manufacture of Polyester Spun Yarn, which is then knitted or woven into textiles. The primary factors driving the market include rising demand for garments from the textile industry and the increasing demand from the home furnishings segment. Growing awareness of recycled polyester staple fiber as a result of rising environmental concerns is likely to open up a slew of attractive potential for industry expansion.
The apparel segment is expected to account for a massive share of the total market
Due to shifting customer preferences, the global apparel market has undergone a fundamental shift. Apparel was the largest application segment, accounting for a significant portion of the total. Activewear, sportswear, & intimate wear are all part of the apparel category. Clients are gradually opting for eco-fashion, which refers to garments made from polyester fiber, as textile technology advances. In comparison to other fibers, it is the most ideal replacement for cotton because it is cheaper, thinner, and comes in a variety of designs and colors. Antimicrobial characteristics are present in several forms of polyester fibers, which are hi-tech in nature and offer superior protection against unpleasant odor as well as other secondary infections. The entire product demand is being boosted by these improved features.
A large portion of the market share is expected to go to the solid segment, by form over the forecast period
Because of shifting consumer preferences for extremely durable, cost-effective, & weather-resistant materials, solid fibers are expected to dominate the sector and will experience significant expansion. Polyester fiber market share will be driven by rapidly expanding demand for solid fibers due to its diverse uses in home furnishing products, garments, and high-end materials over the projected period. Solid fibers also have strong tensile strength, are readily available, have even fiber weaving, and are well-finished.
According to regional analysis, the polyester fiber market in the Asia Pacific is expected to hold a significant share during the projected period
Asia-Pacific is anticipated to grow its presence in the polyester fiber market due to the region’s fast-growing textile sector, rising disposable income, and increased commercial and residential buildings, Furthermore, the market is being driven by the growing fashion sector in developing nations such as China, India, and Japan. The Indian government has created the Apparel Park for Exports initiative to give a boost to the establishment of international-standard apparel manufacturing facilities in promising growth areas. According to Invest in India, India has surpassed China as the world’s second-largest maker of personal protective equipment. More than 600 firms in India are approved to manufacture personal protective equipment (PPE), with a global market worth of more than US$92.5 billion by 2025, rising from US$52.7 billion in 2019. In the textiles and clothing business in India, FDI is expected to reach US$3.4 billion by 2020. Individuals’ increased per capita incomes fueled a surge in garment demand in the Asia-Pacific area. As a result of the thriving garment industry, demand for polyester fiber is also on the rise, which is expected to boost the polyester fiber market in APAC throughout the forecast period.
COVID-19 Insights
The COVID-19 epidemic had a significant influence on the polyester fiber market. The COVID-19 virus’s widespread outbreak and exponential spread led to a significant drop in end-user industries, particularly the textile industry, which reduced market demand and hence negatively impacted the market. The virus had a significant impact on China, a key source of polyester fiber, causing significant market disruption.
Global Polyester Fibre Market Scope:
Single-Use Bioreactors on the Rise?
Thought ArticlesThe Single-use bioreactors market is projected to grow at a CAGR of 15.82% during the forecast period to reach US$10.786 billion by 2029, from US$3.858 billion in 2022.
Single-use bioreactors are ideal for the manufacturing of biopharmaceutical products, because of their great efficiency. They have advanced significantly in recent years as a result of firms’ never-ending efforts to distribute goods. They may be observed improvising sensor systems, designs, stirring mechanisms, and single-use bioreactor film technology. A disposable bag replaces the reusable steel vessel used in traditional bioreactors in a single-use bioreactor. Large amounts of cells are cultured in single-use bioreactors. In contrast to standard stainless steel multi-user systems, the culture vessel is a plastic bag that is used once and then discarded.
Single-use bioreactors enable processors to use disposable technology, such as single-use bags, in production processes that formerly required stainless steel equipment. The single-use system is the third form of the biopharmaceutical processing system, which is designed to be used for the duration of a single batch of treatments and then destroyed. Single-use technologies are becoming more popular, and they’re reducing product cross-contamination concerns by eliminating the requirement for batch cleaning. These systems, which are manufactured in a cleanroom, double bagged, and sterilized using gamma, EtO, or x-ray sterilization procedures, provide a sterile system for every batch while also being very efficient and cost-effective.
Factors Accelerating the Market:
The growing acceptance of single-use bioreactors among small businesses and start-ups, reduced automation complexity, ease of cultivation of marine organisms, reduced energy and water consumption, the growing biologics market, technological advancements in single-use bioreactors, and the growth of biopharmaceutical research and development are all factors driving the single-use bioreactors market forward. This industry has enormous growth potential in the future due to factors such as the rapid adoption of disposable technology in the pharmaceutical and biotechnology industries, cost-effectiveness and lower downtime of single-use bioreactors, and increased government support for biopharmaceutical research, growing demand for biopharmaceuticals, and frequent launch of new products. License termination and emerging markets are most likely to generate new opportunities for the single-use bioreactors market to grow.
Factors such as the existence of developed biopharmaceutical industry and the presence of large manufacturers operating in the single-use bioreactors market, North America dominates the single-use bioreactors market.
Growing biopharmaceutical industry, growing life science research, escalating investments by pharmaceutical and biotechnology companies, and the increasing number of CROs and CMOs in various emerging economies, Asia Pacific is expected to see significant growth in the single-use bioreactors market.
Factors That Can Restrain the Market:
One of the most significant difficulties for the growth of single-use bioreactors is the requirement for improved single-use sensors and the standardization of single-use layouts. The recurring cost of plastic ware and single-use consumables is determined to be greater than the capital investment. Fixed stainless steel equipment has high upfront costs in terms of installation and maintenance, but single-use bioreactors (SUBs) have greater regular recurrent costs. Furthermore, proper waste management of the enormous numbers of disposables may incur considerable expenditures.
Types of Single-Use Bioreactors
Key Developments:
COVID-19 Insights
Many of the world’s largest single-use bioreactor producers are actively collaborating with companies that are developing or testing vaccines. Sartorius, for example, has aided CanSino Biologics Inc. and Maj. Gen. Chen Wei’s team at China’s Academy of Military Medical Sciences’ Institute of Bioengineering in the creation of the first vaccine candidate against the new coronavirus SARS-CoV-2 to enter clinical trials. In some ways, this has had a positive impact on the SUB. The bioprocessing solutions were able to manage COVID-19’s influence on supply chains, production, and shipments to customers. Predictability in the short and medium-term is severely limited and has a small impact. However, because of the COVID-19 outbreak, a reduction in global pharmaceutical R&D spending and a dip in biologics sales in 2020 will have a substantial influence on SUB growth.
Growing Safe Water Need to Drive the Membrane Separation Technologies Market
BlogThe Global Membrane Separation Technologies market size was valued at US$2.349 billion in 2020 and is anticipated to increase at a Compound Annual Growth Rate of 10.44% over the predictive period to reach US$4.709 billion by 2027.
Membrane separation is a technique for selectively separating (fractionating) materials using pores and/or minute gaps in a continuous structure’s molecular arrangement. The reduction of dissolved or suspended particles from process water or liquid components is perhaps the most prominent use for membrane filtration. Membrane filtration can also be used to eliminate germs extend shelf life and give a healthier alternative to chemicals and preservatives. The natural flavor of food items and the nutritional content of heat-sensitive components can be preserved by membrane separation since it avoids the requirement for high-temperature treatment of goods. This also reduces the amount of energy used in production, pasteurization, or sterilization. Non-potable water sources, such as grey water and reclaimed/recycled “purple pipe” water, can also be treated via membrane filtration.
Growing Demand for Water Treatment
Water is the most essential resource for all living organic beings. Although water covers about 70.9 percent of the Earth’s surface, most countries have reported major water shortages. Accessibility to safe and hygienic drinking water is a basic human right. However, according to a study by the WHO released on 21st March 2022, over 2 billion people live in countries that are water-stressed, a situation that is likely to worsen in some areas because of climate change and population expansion. According to the WHO/UNICEF Joint Monitoring Programme 2021, almost 771 million people don’t have access to clean water close to their homes. Only 81% of the population will have access to clean drinking water by 2030, according to a UNICEF news release from July 2021, leaving 1.6 billion people without a proper water supply.
Inadequate management of urban, industrial, and agricultural wastewater has affected the drinking water access of hundreds of millions of people. Natural occurrences of chemicals, particularly in groundwater, such as arsenic and fluoride, can be harmful to one’s health. The shortage of clean water has widened opportunities for membranes to be used in water treatment. Increased water and wastewater treatment operations that employ RO, UF and MF membranes on a wide scale are being driven by high purity requirements and rigorous laws surrounding drinking water and industrial wastewater discharge. This has resulted in a growth of the membrane separation market and owing to the increasing scarcity of usable water, the membrane separation market is anticipated to rise.
Innovations in the Market
Membrane separation technology has reported rapid advancements over the last few decades. The increasing accessibility and demand for wastewater filtration have led to an increase in market demand for membrane separation technology.
On April 26th, 2022, Evonik released its plan to dope bacteria that take over critical material conversion events in the biological treatment of wastewater with oxygen. Evonik wants to use this technology to enable long-term wastewater treatment, especially as metropolitan population growth rates continue to rise. Its strategy is to speed up the natural biological processes carried out by bacteria and fungus via multiple purification steps. The company will be presenting this innovative technology at IFAT, the world’s leading trade fair for environmental technologies.
Removing per- and polyfluoroalkyl compounds (PFAS) has become crucial in water treatment. According to an article published in ACS Applied Materials and Interfaces in May 2022, researchers demonstrated MXene nanosheet functionalization on thin-film composite (TFC) hollow fiber nanofiltration (HFN) membranes via interfacial polymerization (IP) to enhance the removal of perfluorooctane sulfonic acid (PFOS) from water. The researchers determined that adding the MXene nanosheet to the combination improved PFOS removal from water without impacting membrane salt rejection and increased membrane flow.
Asia Pacific Region to Lead the Market
The Asia Pacific market is expected to hold the largest market share in the membrane separation technologies market throughout the forecast period, mainly due to the rising water contamination and growing environmental concerns. Membrane separation technology is widely used in the water and wastewater treatment, medical and pharmaceutical, and chemical processing industries, which is fueling the market’s expansion in this area. An increase in mining, chemical, and metal processing activities in the area has led to the extensive exploitation of water, resulting in the scarcity of water in the region. Most of the developing and under-developed countries in the region have reported adverse living conditions for people, due to the scarcity of clean drinking water. Moreover, the growing concern over climate change has forced governments to deploy environment-friendly and clean solutions to provide better living conditions for people in the area. The growing pharmaceutical industry in the region is also another major reason for the growing market in the region and is expected to positively influence the market.
Covid-19 Insight
The advent of the COVID-19 pandemic caused a worldwide economic downturn. Most large companies suffered considerable losses due to the government-imposed lockdown and social distance restrictions. This also negatively affected the membrane separation technologies market. Due to the closure of most major industries, the demand for wastewater filtration also decreased. Moreover, the demand for mineral and bottled water also decreased due to the closure of shops and outlets. However, the pharmaceutical industry reported a positive demand for the membrane separation technologies market. The extensive usage of membrane separation technologies in the production of medicines, supplements, medical equipment, protective masks, and gloves, due to the increasing infection cases around the world helped in uplifting the market demand. Further, as most countries have started to lift lockdown protocols and resume normal operations, the membrane separation technologies market is anticipated to rise significantly in the forecasted period.
Global Membrane Separation Technologies Market Scope:
Liquid Synthetic Rubber – Versatile Bio-Inert Polymers
Thought ArticlesThe Global Liquid Silicone Rubber Market was valued at US$2.854 billion in 2022 and will increase to US$5.439 billion by 2029. Over the forecast period, this market is estimated to grow at a compound yearly growth rate of 9.65%.
A Liquid Silicone rubber, as the name implies, is pure, platinum-cured silicone, possessing optimal tensile strength, high quality, and resistance. These silicone-based rubbers are optimally designed for the utility in the production of technical parts. The liquid silicone rubber polymers are viscous yet can be predominantly produced by Liquid Injection Moulding (LIM). LSR is a two-component system wherein long polysiloxane chains are integrated with specifically treated Silica. One component is comprised of platinum catalyst, while the other is comprised of methylhydrogensiloxance, which serves as an alcohol inhibitor and cross-linker. Liquid Silicone Rubber can offer multiple advantages based on its industrial use or application. LSRs possess excellent biocompatibility, making them the best material for making prostheses. Its durability, good chemical resistance, excellent electrical, and wide temperature range (-60°C to +250°C-) enable the polymer to be widely used in many industries. Furthermore, it is transparent and pigmentable, allowing it to match any color gradients, including different human skin tones. Such appealing factors made Liquid Silicone Rubber versatile and is a popular choice of material in the automobile and healthcare industries. The liquid Silicone Rubber Market is segmented by grade type, industry vertical, and geography.
According to the Analysts, the demand for Liquid Silicone Rubber Market is expected to increase in Healthcare Industry predominantly during the projected period.
Owing to Liquid Silicone Rubber’s chemical structure, the polymer doesn’t degrade even at high temperatures and possesses a higher degradation point than many other polymers. Consequently, these polymers could effectively endure sterilization procedures for their use in baby care and healthcare products. Furthermore, medical-grade LSRs possess high biocompatibility, are microbial and chemical resistant and can enable gaseous permeability. Due to the above characteristics, when planted in the body, they don’t leach chemicals and don’t cause adverse reactions at the target site. LSRs’ versatile features also enable them to be used in the making of drug-eluting devices, improving the drug distribution in the body. For instance, LSR DEDs can be incorporated in the heart catheter leads of a pacemaker, directly sending the anti-inflammatory active pharmaceutical ingredients into the cardiac tissue. According to statistics derived by International Trade Administration, the US Department of Commerce has grown as the largest medical device market globally and is estimated to reach USD 208 billion by 2023. The growing medical devices market is expected to affect the Liquid Silicone Rubber demand positively.
Furthermore, these polymers can also be used to make wearable devices like fitness trackers, owing to their ability to function even when exposed to ozone or UV radiation without degradation. Thus, even when the fitness trackers are worn for an extended period, the LSR doesn’t produce any skin irritation. Thus, the increase in demand for healthcare wearables is bound to fuel the demand for medical-grade Liquid Silicone Rubber. According to IBEF, the wearable market in India grew by about 93.8% from July to September 2021 and was able to ship about 23.8 million units in just three months.
Nevertheless, the stringent rules and regulations are constraining the market. The harsh restrictions associated with the production and supply of LSR are expected to stifle market growth. Medical-grade Liquid Silicone Rubber, for instance, has particularly high standards and is strictly regulated by FDA and ISO.
During the forecast period, the Liquid Silicone Rubber market in the Asia Pacific region is expected to have a dominant share.
Based on geography, the Global Liquid Silicone Rubber market is segmented into five regions: North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. The Asia Pacific is expected to hold a dominant share of liquid silicone rubber. Among the countries presiding in the region, liquid silicon markets in India and China are rapidly growing due to the rapid development in the automobile and healthcare sectors. For instance, according to OICA, of the 80,145,988 units of motor vehicles produced in 2021, 46,732,785 units were produced in the Asia Pacific region. About 50% percent of these units, that is 26,082,220 units, were produced by China, the largest automobile producing nation globally. LSRs are extensively used in automobiles, from seals for connectors, proximity sensors, and dampeners in the climate control system, to powertrain and engine components like power-frame sealing gaskets, ignition components, and many others. Subsequently, with the increase in automobile production, the demand for Industrial-grade Liquid Silicone Rubber in the region will increase as well.
At the same time, growing healthcare and medical device in the region is also expected to increase the demand for liquid silicone rubber in the region. For instance, according to the Indian Brand Equity Foundation, the medical device market in India is projected to increase to USD 50 Billion by 2025 from USD 10.36 billion recorded in 2020. This growth could be attributed to increased emphasis on research and development and the several initiatives taken by the Indian government to consolidate the medical devices industry, and the strategic developments deployed by the key players. For instance, in October 2021, Microtek announced its plans to strengthen its position in the market by enhancing its healthcare segment. The newly launched products by the firm were oxygen concentrators, oximeters, thermometers, and blood pressure monitors. Thus, the increase in the market size of the medical devices is expected to boost the medical-grade liquid silicone rubber market as well.
Covid-19 Insights
COVID-19’s impact on Liquid Silicone Rubber Market is negative. The end-users of Liquid Silicone Rubber Market are automotive, consumer electronics, healthcare, and a few other industries. The outbreak of the pandemic and mandated lockdown has led to the closure of many automobile and consumer facilities, either partially or completely. The increased infection rates had further affected the staffing in the industries, thereby reducing productivity. Subsequently, a number of projects were also put on hold and were postponed to a later time. The disruptions in demand and supply chains and volatile prices had negatively affected the market. In the automobile industry, for instance, the number of units produced in 2020 fell to 77,621,582 units from 92,175,805 in 2019 worldwide, according to OICA. Overall, the year 2020 saw a decline of 15.8% in the production of motor vehicles globally. Consequently, the demand for Liquid Silicone Rubber in the Automobile industry decreased during the pandemic. Nevertheless, with the economy’s recovery and initiatives taken by several governments towards sustainable development, the industry is expected to recover and grow in upcoming years.
Liquid Silicone Rubber Market Scope:
Glycolic Acid for Healthy, Smooth Skin
BlogThe global glycolic acid market is expected to grow at a compound annual growth rate of 5.30% over the analyzed period to reach a market size of US$477.485 million in 2026.
Glycolic Acid is obtained from plants like sugar beets, sugarcane, and pineapple and works as an effective skin treatment solution. This plant-driven substance is widely used by the cosmetic industry because it works as an anti-aging solution, anti-acne solution and is suitable for sensitive skin as well. The growing self-awareness among people regarding their skin health is the major driving factor behind the growing skincare industry and this is expected to boost up the demand for glycolic acid in the coming years.
Glycolic acid is also used as a therapeutic agent in rejuvenation treatment. Glycolic acid works as a peeling agent and is therefore used to treat many defects of the epidermis and papillary dermis. It is used by dermatologists to treat various skin conditions as well.
In the textile industry, glycolic acid is widely used in dyes and works perfectly in solvents for degreasing and cleaning fabrics.
Glycolic for Skincare
The largest share of the market for glycolic acid is attributed to the skincare industry. It works as an excellent exfoliant that helps to shed dead skin cells and therefore brings out the underneath bright layer of the skin. The deep penetration of glycolic acid in the skin stimulates fibroblasts in the dermis to produce increased amounts of collagen. The production of collagen makes the skin firmer, brighter and helps to reduce wrinkles and fine lines as well. For sensitive skin, it is usually prescribed to start with less amount glycolic acid to prevent irritation later. Due to the number of benefits, glycolic acid is used in creams, tonners, facewashes, cleansers, exfoliators, etc.
Environment-Friendly Cleaning Using Glycolic Acid
The rising self-awareness among the people regarding hygiene and cleanliness is driving up the market for household cleaners. Glycolic acid is widely used in these cleaners and a boost in their demand is expected to drive up the market for glycolic acid as well. Glycolic acid is a biodegradable substance and the high focus of companies on environment-friendly production has introduced a replacement for acid-based cleaners in the form of glycolic and biodegradable cleaners which can become a major driver for the market.
Formaldehyde as a Residual to Create a Challenge for Market Growth
The production of glycolic acid leaves behind Formaldehyde as a residual which is a very harmful substance. It is a flammable chemical and has a strong smell which when exposed to the immune system of individuals can result in some serious issues. Although it is a residual product, its accidental mixture with glycolic acid can irritate the eyes, and this colorless product is also linked with the development of cancer in the human body. IARC, The International Agency for Research on Cancer has classified formaldehyde as a human carcinogen, which is an agent that can trigger cancer in human bodies. Studies have found that high-level exposure to Formaldehyde can cause myeloid leukemia, and cancers like cancers of paranasal sinuses, nasopharynx, and nasal cavity. This makes the separation of glycolic acid from Formaldehyde a very important task that requires advanced technology and safety precautions as well. This is expected to serve as a restraint in the growth of the market in the coming years.
Regional and Geographical Insights
On a Geographical note, being a developed region where people can easily afford to spend high on luxuries and comfort, North America and Europe are expected to hold a major share of the glycolic acid market. High use of skincare products, cosmetics, etc. is the prime reason for the growth of the market in these regions.
Besides that, the Asia-Pacific region is expected to show significant growth due to the developing infrastructure and rapid industrialization in the region which is expected to boost up the disposable income of the people in the region. The growing textile industry especially in China and India is expected to serve as a significant factor behind the growth of the glycolic acid market in the region. The growing online retail market in the region is also expected to assist in the growth of the market.
Also, one of the major boosters to the market is high internet penetration. The increasing use of online retail stores is promoting online shopping and this is expected to provide a major boost to the glycolic acid market as well.
COVID-19 Impact
The coronavirus pandemic severely impacted the glycolic acid market. With the disease spreading across the globe, nations imposed lockdowns and curfews. With the shutting down of industries, a huge part of economies lost their jobs. With such negative conditions, the spending towards comfort and luxury reduced as the major priority of people was survival and living on necessities. In such conditions, people preferred to spend less on cosmetic products and skin treatments which thus impacted the glycolic acid market as well.
Glycolic Acid Market Scope:
Security Analytics: A Shield Against Cybersecurity Threats
BlogThe security analytics market was valued at US$2.981 billion in 2019 and is expected to grow at a CAGR of 33.65% to reach a market size of US$22.705 billion by the year 2026.
The process of gathering and analyzing data in order to implement proactive security measures is known as security analytics. It is the foundation of modern data-driven enterprise security systems that can mitigate the consequences of a security breach. Raw data logs from throughout the network infrastructure are captured, stored, and processed in the process. Data is collected from network and physical layer devices such as switches, routers, and server hardware, as well as client-side application interfaces. Combining, cleansing, and correlating the data are all done. AI algorithms and advanced machine learning aid in the interpretation of data and the generation of actionable insights in the form of user-friendly reports. It is critical to have the specialized technical expertise to create and implement security analytics systems, which many developing countries lack.
The Increasing Need for Security Analytics in Organizations
During the forecast period, the security analytics market is likely to be driven by the growing need for analytics-based platforms for all sorts of companies around the world. Cybersecurity risks, data breaches, ransomware attacks, malware, and phishing are all on the rise around the world, putting pressure on businesses to implement these solutions. Because of the increasing sophistication of cybersecurity attacks, businesses must adapt to an ideology that assumes that attackers are already inside their IT systems. Traditional security systems like SIEMs and DLP were formerly thought to be a panacea for security concerns. These products, however, do not offer all the security functions defined in the NIST Cybersecurity Framework and should be used in conjunction with other solutions. DLP can only assist in identifying dangers and protecting against attacks whereas, SIEM can only provide the data needed to detect and respond to attacks. In today’s cyber security environment, these capabilities alone are insufficient to secure a complete infrastructure on their own.
Furthermore, an individual or a business risks drowning in a deluge of false warnings if their setup and data governance processes are not up to par. As a result, an organization’s security posture must be strengthened by applying security analytics across the board, including identification, detection, protection, recovery, and response. Organizations all over the world are implementing security analytics solutions to cut costs, which will fuel market growth throughout the forecast period. Many of these duties are mundane, time-consuming, and repetitious. Analysts can focus on higher-value activities thanks to automation. When using different point security products with separate data silos, implementing automation solutions becomes increasingly complex. Security teams cannot act quickly enough to neutralize threats without the automation of preapproved procedures, and system updates can often linger in IT ticketing queues for hours or days. Only by overcoming these traditional barriers can the Mean Time to Repair and Mean Time to Detect of cyberthreats be reduced. This allows businesses to detect and eliminate threats early in the life cycle of a cyberattack, preventing costly cyber catastrophes.
Network Security Analytics Will Account For a Sizable Portion of the Market
Security analytics solutions are in high demand due to network security applications around the world. Unlike other more well-behaved issue domains, security analysis does not easily lend itself to statistical analysis. Most of the time, programmers lack the essential information needed to create an accurate analytical engine. Furthermore, given attackers’ proclivity for adapting to changes, programmers will find it nearly challenging to create network security analytics solutions. In addition, there have been numerous incidents of network and web-app security failures in recent years that have resulted in catastrophic damage to a number of significant businesses and governments throughout the world. Furthermore, as traditional network security analytics solutions based on theory of Bayesian probability, which states that by capturing every element of a problem and mathematically calculating possible outcomes, it is possible to predict with high accuracy the likelihood of something happening, network security analytics solutions are becoming more reliable. Machine learning has the capability to cope up with massive amounts of data required by modern networks, which are spreading beyond traditional applications.
North America is Predicted to Hold a Considerable Market Growth Potential During the Forecasted Period
Based on geography, the analysis divides the security analytics market into the North American region, European region, south American region, the Middle East and African region, and the Asia Pacific region. Analysts predict that the North American region would be growing at an exponential rate during the forecasted period and have a significant share of the market during the projected period. In comparison to other regions, North America is the most expensive place for small or medium-sized businesses to experience a data breach. To stay ahead of the competition end-user industries in the region have been pioneers and early adopters of analytics solutions.
This has aided companies and small businesses in building large datasets and infrastructure to support the proactive use of security analytics. Securonix and Cylance Inc. The exponential rise in the use of mobile phones and the internet among populations in the Asia Pacific region is predicted to boost the market growth. The implementation of the General Data Protection Rules by the European Union, which now makes it essential for enterprises in the region to report data breaches, will boost the industry in Europe.
COVID Insights
The coronavirus pandemic severely impacted the security analytics market due to a physical shutdown around the world. The analysis shows that the pandemic has positively impacted the market with greater employment in analytics security solutions.
Security Analytics Market Scope:
Remote Patient Monitoring – Huge Savings in Medical Bills
Thought ArticlesThe global remote patient monitoring market is predicted to grow at a compound annual growth rate (CAGR) of 22.94% to attain a market size of US$85.031 billion by the end of 2026.
Remote patient monitoring is a method of collecting medical and health-related data and transmitting it to a healthcare professional with the use of digital technologies. The approach is not location-specific in the least. Patients’ health data can be collected from the dwelling itself, saving money on nursing and hospitalization. The most significant benefit of remote patient monitoring is a major reduction in medical costs, as this simple technology eliminates the full cost of hospitalization. The expansion of the remote patient monitoring market is aided by the support of telehealth and technological advancements in the field of health care.
The ever-increasing geriatric population provides great potential for the remote patient monitoring market during the forecasted period
The remote patient monitoring market is predicted to grow in response to the constantly increasing geriatric population. According to the World Health Organization, the proportion of people aged 65 and over climbed from 6% in 1990 to 9% in 2019, with a projected growth to 16% in 2050. As the number of individuals in the segment grows, so will the demand for remote patient monitoring systems, as the number of people suffering from chronic diseases grows. To accommodate rising demand, governments around the world will be pressured to support remote patient monitoring systems, which is expected to fuel the market expansion.
Growing awareness of healthcare in the remote patient monitoring market to create opportunities
There has been an increase in health awareness among the populace as cases of chronic illnesses such as diabetes and hypertension have increased. In addition, the number of people suffering from cardiac problems has increased dramatically in recent years. As a result of these causes, the importance of maintaining one’s health has grown among people in both developed and developing countries. In recent years, there has been a substantial increase in the demand for various health monitoring equipment for tracking health status. In addition, the number of specialist clinics and home healthcare businesses has increased in countries such as the United States, India, and Canada. Remote patient monitoring expands healthcare’s reach and accessibility while cutting down on unnecessary hospital visits for diagnosis, treatment, and admission. Remote patient monitoring saves a lot of time because the setup is usually done at the patient’s home, reducing the time for travel and waiting. Furthermore, it aids in the significant reduction of costs associated with hospitalization, nursing, travel, and other similar expenses. In the next years, these advantages are projected to entice more patients to switch to remote monitoring systems rather than traditional methods.
Resistance and skepticism among the remote patient monitoring market
Some healthcare professionals are opposed to the remote patient monitoring system since they feel that RPM appears to be the least effective patient engagement strategy. Based on their own experiences, healthcare professionals are skeptical that technology alone would modify the behavior of high-risk patients. Doctors are also concerned about the challenges they may have in processing the data they get. Some patients are concerned that third parties may gain access to their personal health information and utilize it for nefarious purposes. RPM requires high-speed internet access, which is difficult to come by for small healthcare organizations and rural hospitals especially in developing countries. On the other hand, it is vital to remember that not everyone owns a smartphone, and that elderly people often struggle to use modern devices like cell phones. Furthermore, healthcare fraud in telehealth and telemedicine practices may stymie market growth, as difficulties such as fraudulent reimbursement claims, billing cycles, and other issues may be prominent.
The hospital and clinics segment of the market has diverse market opportunities for the remote patient monitoring industry
Because of the large number of patients and tests performed in hospitals and clinics, they are expected to have a leading market share by end-user. A large target patient population base especially in developing countries prefers hospitals. The rising emphasis on effective and early disease diagnosis in hospital settings, growing procedural volume in hospitals, and the high budget of hospitals for introducing various technical advanced patient monitoring devices are all factors that contribute to this segment’s huge market share. The home care market is also expected to expand significantly in the coming years.
Rising use of blood glucose monitoring products
The patient monitoring devices market is divided into vital signs monitor, glucose monitor, blood pressure monitor, heart rate monitors, respiratory monitors, and others. Self-monitoring blood glucose systems and continuous glucose monitoring systems are examples of glucose monitoring systems. The category is predicted to rise due to rising diabetes incidences, new product launches, and rising usage of glucose monitoring devices in emerging countries. Continuous glucose monitors, which remind diabetes patients to take their insulin while allowing their physician to monitor the disease, and digital blood pressure monitors, which allow patients to remotely send their blood pressure and blood oxygen levels to physicians, are common examples of remote health monitoring devices.
Miniaturization is the next big thing in remote patient monitoring technology
Device manufacturers are reducing the size and invasiveness of their products while cooperating with new companies to boost their market share. For instance, Verily, Alphabet’s life sciences business has worked with Dexton, on a new implantable diabetes sensor that delivers health data through Bluetooth to monitoring devices or smartphones. Miniaturization will increase the convenience of using remote patient monitoring devices and hence propel the industry’s growth.
The North American region is likely to dominate the industry owing to technological growth in the health sector
Based on geography, the remote patient monitoring market is segmented into North America, Europe, South America, the Middle East and African region, and the Asia Pacific. Due to increasing demand for wireless and portable systems, sharp growth in the frequency of chronic diseases, the presence of complex reimbursement structures, and a reduction in medical expenses, North America is predicted to develop rapidly. The Asia Pacific area is expected to develop significantly over the projection period, owing to increased healthcare expenditure and an increase in disposable income. Japan, China, and India are expected to drive the usage of remote patient monitoring devices as a result of the rising population and rate of urbanization.
Coronavirus Pandemic Analysis
The analysis report also provides a deep study about the impact of the covid-19 pandemic on the market of remote patient monitors, stating how the lockdown and employment have severely impacted the remote patient monitoring market owing to a positive impact on the market demand of remote patient monitoring devices. The report also how the pandemic accelerated the growth of the market.
Remote Patient Monitoring Market Scope:
Wafer Handling Robots – An Integral Device for Superior Performance, Dependability and Cleanliness
BlogThe wafer handling robots market is expected to grow at a compound annual growth rate of 7.12% to reach a market size worth US$728.462 million by 2026. This market was valued at US$450.124 million in 2019.
Wafer handling robots are used to align and transfer wafers throughout various manufacturing operations in the integrated circuit fabrication industry. Wafer handling robots are utilized for a variety of tasks such as wafer cleaning, wafer packaging, and wafer cutting, and more. They have a wide range of qualities, including great precision, speed, and dependability. It allows for automation and minimizes contamination during wafer processing. Wafer handling robotics come in a variety of shapes and sizes, and manufacturers use them in various ways for the wafer handling process. SCARA robots, frog leg robots, and four-bar linkage robots are examples of these sorts.
Analysts Anticipate That the Market Will Grow Due to the Increased Application of Semiconductor Wafers Across Different Industry Verticals During the Forecast Period
Demand for smaller and thinner wafers for a better circuit that occupies less space in the device has led to an increase in demand for wafer handling robots for improved precision and accuracy, which will drive the market expansion during the anticipated period. According to a report by the Semiconductor Industry Association (SIA), worldwide semiconductor sales revenue reached $39.0 billion in October 2020, rising 6.0 percent from $36.8 billion in October 2019 and 3.1 percent higher than $37.9 billion in September 2020. Furthermore, according to the World Semiconductor Trade Statistics WSTS industry projection, worldwide semiconductor yearly sales would increase by 8.4% in 2021. Micro-Electro-Mechanical Systems (MEMS) are miniature mechanical and electro-mechanical components created by utilizing microfabrication techniques. Silicon wafers have long been utilized as a fabrication platform in microelectronics and MEMS which will further propel market growth.
Solar cells, electronics, and electric vehicles are just a few of the applications for wafers. In response to the growing demand for renewable energy, the installation of solar panels has expanded. The development of India’s largest floating solar power plant in Telangana, which is expected to be operational in May 2021, will house 4.5 lakh photovoltaic panels and create significant market demand for silicon wafers. Furthermore, increased solar panel installation and government assistance programs such as PM-KUSUM would boost the market’s growth prospects. Growing solar projects in the United States will have more market potential. Similarly, in the next ten years, the state of Nevada is set to spend $9 billion on solar plant construction, while 14 projects are planned in New York to accommodate the state’s growing demand. Texas has also announced the construction of 45 solar projects over the next decade, indicating that the solar wafer market would see significant expansion. These industries’ growth fuels the demand for wafers, which in turn boosts the demand for wafer handling robots.
The High Cost of Installation and Maintenance Can Act as a Constraint for Market Growth at a Global Level
The high cost of wafer handling robots is a major limitation in the global market, impeding market development. The initial cost of these robots is high, and they also come with retrofitting expenditures. These robots also require ongoing maintenance to maintain smooth operation, which takes a significant portion of the companies’ budget. Manufacturing businesses are hesitant to deploy wafer-handling robots as a result of these difficulties, which is slowing the market’s overall growth. Furthermore, handling these robots necessitates highly trained personnel who is familiar with its technicalities and operations. Hence, the operation is hampered by a lack of skilled labor. Furthermore, a competent workforce is more expensive than an unskilled workforce, resulting in a significant rise in spending. As a result, only large and financially sound companies have access to wafer handling robots, leaving small and medium businesses out of the market.
By Type, Atmospheric Wafer Handling Robots Are Anticipated to Witness a Significant Market Share During the Forecast Period
The wafer handling robots market is divided into two types: atmospheric and vacuum. During the anticipated time, the atmospheric system handling robots will have a major proportion of the market, while vacuum system robots will rise at a significant rate. The launch of Yaskawa Electric’s SEMISTAR- GEKKO MD 124D 5-axis, single-arm, atmospheric system wafer handling robots in May 2020 is projected to boost the industry’s market competitiveness. The new robot has superior features when compared to other robots in the business since it directly operates the robot arm utilizing its original AC servo motor. According to the business, the robot can double position accuracy while lowering vibration by 1/6th. SEMISTAR can also move 300mm semiconductor wafers, which increases production. During the anticipated time, technological innovation will generate a considerable market.
According to Regional Analysis, the Wafer Handling Robots Market in North America and the Asia Pacific Are Expected to Hold a Significant Share During the Projected Period
The global wafer handling market is segmented into five regions based on geography: North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. North America and the Asia Pacific are expected to hold a considerable share of the market over the estimated period. The burgeoning manufacturing industry in the Asia Pacific, as well as the availability of a cheap, skilled workforce, will fuel market growth. Moreover, the market is primarily driven by growing nations such as China, India, Japan, South Korea, and Taiwan, where the semiconductor industry’s demand for wafer handling robots is quickly increasing. Technological improvement and development, as well as more flexibility, will result in robust growth in the market of North America.
COVID-19 Insights
The impact of the covid-19 pandemic prompted the authorities worldwide to implement containment measures in order to halt the virus’s cycle. Several economic operations came to a halt as a result, discouraging market expansion and progress. Most businesses, with the exception of medical supplies and life support items, have been severely damaged, including the Wafer Handling Robots Industry.
Global Wafer Handling Robots Market Scope:
Probiotics for Preventive Healthcare
BlogThe probiotics market is expected to grow at a compound annual growth rate of 12.06% to reach a market size worth US$110.496 billion by 2026. This market was valued at US$49.782 billion in 2019.
Probiotics are bacteria and yeast-like microorganisms that help humans and animals maintain a healthy intestinal microbial balance. The probiotics element promotes the body’s natural digestive juices and enzymes, ensuring optimal digestion. They can be taken as supplements or taken orally. Probiotics also protect healthy organisms from potentially dangerous bacteria. Probiotics are increasingly utilized to diagnose and treat mental problems, as well as digestive and neurological disorders. They further boost the human immune system, protect proteins and lipids from oxidative damage, and lower pathogen levels in the body. The probiotics market is growing due to rising consumer awareness of the health advantages of probiotics, increased usage of probiotics as an alternative to antibiotics, and more research on probiotics. Furthermore, the rising use of probiotics for children and the rise of e-commerce is likely to provide profitable prospects for market players.
Analysts anticipate that the market will rise due to the health benefits associated with probiotic-fortified foods and the growing importance of health consciousness among millennials.
Consumer health awareness is increasing, and most customers are constantly looking for nutritious food products to consume daily. Probiotics have been shown to provide significant health advantages, particularly for the human digestive system. Probiotics can be available as supplements or as ingredients in foods and beverages. Its combination with low-cost health foods including yogurt, fruit juices, and cultured dairy drinks has helped it grow a sizable market. Bifidobacteria and Lactobacilli, which are found in a variety of dairy products, including yogurt, are the most often utilized probiotic bacterial strains. Yogurt is the most common choice for probiotic ingestion in the dairy category.
Probiotics have recently been used to diagnose mental illness and neurological problems, both of which are quite common around the world. Mental health problems have been on the rise around the world, according to the World Health Organization. Mental health conditions have increased by 13% in the recent decade, owing primarily to demographic shifts. The rise in the number of individuals suffering from these ailments would help drive the probiotics market forward in the coming years. Furthermore, many European and North American nations have banned the use of antibiotics in animal feed, and growing product developments incorporating probiotic bacteria, such as chocolates, biscuits, and drinks, are anticipated to propel market development throughout the forecast period.
Consumers’ growing health consciousness, as well as the growing trend of veganism, are drawing them to a plant-based diet, which is predicted to increase demand for plant-based products. As a result, some companies are launching plant-based probiotics in order to expand their customer base. Chobani, an American food manufacturer, for example, announced the launch of a new probiotic drink in August 2020. Lemon Ginger, Pineapple Turmeric, Peach Mint, and Cherry Hibiscus Tea are the four new flavors offered.
The covid-19 pandemic has caused an increase in demand for these products, according to several producers and retailers. For example, Probi, a global leader in probiotics, reported a significant increase in sales of its products, which was certainly due to increased customer interest in immunity products.
The challenges of incorporating probiotics in functional meals may act as market restrictions
The development and commercialization of functional foods are complicated, costly, and uncertain. Consumer demand, technological conditions, and legislative regulatory framework are all variables in the success of functional food product development. Consumers’ understanding of the health impacts of individual components, on the other hand, can influence whether or not functional foods are accepted. To overcome all of the problems associated with the selection and development of the strain, as well as related manufacturing procedures, the researcher must work diligently. Probiotic strains are sensitive to pH and temperature fluctuations. The strains must be able to maintain themselves while integrating with functional meals. The most basic need for probiotics is that they contain enough bacteria to last until the expiration date. To provide health advantages in the host, probiotics must include specified strains and sustain a certain number of living cells. The minimal number of live cells required in a probiotic product for it to be effective has been determined by different countries. Temperature, air, and light all have an effect on these probiotic microbes, making their storage difficult.
During the forecast period, the food and beverage segment is expected to have a significant proportion of the probiotics market
There are three types of probiotics on the market: functional foods and beverages, animal feed, and dietary supplements. Because of the growing popularity of probiotic functional foods and beverages among consumers, analysts expect that the food and beverage segment will dominate the probiotics market. Probiotics are being driven by a number of variables, including consumer awareness, confidence in their efficacy, and safety. Customers are now taking a more proactive stance on chronic disease prevention. The rising investment by major players in the research and development of innovative goods is projected to have a positive impact on the global market for this segment. Amorepacific Group, for example, inaugurated its new green tea probiotics research center in February 2020 to further the study of lactobacillus, a beneficial microbial strain.
According to regional analysis, the probiotics market in the Asia Pacific is expected to hold a significant share during the projected period
The global probiotics market is segmented into five regions based on geography: North America, South America, Europe, the Middle East and Africa, and the Asia Pacific. Due to the rising demand for probiotics in developing nations such as India and China, the Asia Pacific region is expected to increase significantly during the forecast period. The rapidly growing population, rising disposable income, and increased awareness of health advantages are the key drivers of demand in this region. In addition, the Japanese brand Yakult has a strong presence in these countries, successfully infiltrating the probiotic market. The use of probiotics in infant formula has been in high demand in China, and this trend is expected to continue in the coming years. Because of the aging population and a growing understanding of the need for preventive health, as well as a slew of research indicating advantages in areas like immunity, cognition, and skincare, the market has seen tremendous development.
Covid-19 Insights
The global demand for immunity-building products increased as a result of the Covid-19 pandemic. The probiotic business exploded overnight as people bought health-related items in huge numbers to protect themselves from the infection. Probiotic usage increased exponentially in 2020, according to a survey done by Natural Marketing Institute in May 2020. According to the survey, the number of probiotic users in the United States climbed by 66 percent, while new users in Italy increased by 188 percent, and probiotic users in China increased by 108 percent in May 2020 compared to the previous six months. In addition, the year-over-year sales of Yakult branded probiotic products climbed by 11.5 percent in March and 10.3 percent in April 2020, according to Yakult Honsha. Probi and Danone SA also saw an increase in probiotic demand during COVID-19. Meanwhile, Meiji Holdings announced that the value of its dairy products, including yogurt, increased in February and April of 2020, with a year-on-year growth rate of 7.4 percent in March 2020.
Probiotics Market Scope:
Laboratory Automation Market: A Way to the Future
Thought ArticlesThe laboratory automation market size is projected to grow at a CAGR of 7.55% to reach US$6,055.218 million in 2026 from US$3,638.769 million in 2019.
It has been observed a powerful rate in recent years and is forecast to exhibit fruitfully within the years to come back.
The integration of technology in the laboratory in order to optimize and allow new and more efficient procedures is referred to as laboratory automation. Laboratory automation contributes to improved accuracy, quality, and uniformity in clinical, nonclinical, and industrial contexts. The adoption of laboratory automation increases the quality of experimental data while also assisting in the reduction of total lab process times, resulting in improved productivity. A laboratory automation system is made up of several components, including machine vision, conveyor systems, robotics, and computer hardware and software. In order for laboratories to remain competitive in today’s market, lab automation is becoming a more realistic choice and a necessary system. Modern automation systems eliminate the need for researchers to conduct repeated activities. Lab automation helps by allowing laboratory personnel to keep control over the flood of samples, optimising efficiency, and delivering patient findings on time. The lab automation system is also having a positive influence on the entire healthcare business.
However, one of the major challenges impeding the growth of the laboratory automation market is the high initial investment cost. This high cost might be ascribed to the expenditures incurred by the laboratory for the adoption of modern technologies utilised in lab automation. Many small and medium-sized laboratories find it challenging to invest in automation due to financial restrictions. The high maintenance and service expenses associated with laboratory informatics solutions are also a significant impediment. Moreover, the cost of maintaining IT systems exceeds the cost of the programme itself. Furthermore, the laboratory automation industry’s expansion is hampered by a lack of risk-taking capacities and data on the cost-effectiveness of automation systems for small and medium-sized laboratories.
Advantages offered by laboratory automation and the surging in the applications is estimated to account for the growth of the laboratory automation market
One of the key reasons expected to fuel market growth in the near future is the increase in benefits provided by lab automation. A paradigm change from total manual intervention to lab automation has numerous advantages for clinical laboratories. Increased productivity, consistent findings, safe working conditions, and significant savings in time, space, and test costs are just a few of the key benefits. Lab automation allows the use of laboratory equipment for boring activities such as labelling tubes and sample verifications, as well as decreasing and eliminating the physical strain caused by manual chores, therefore lowering expenses and conserving lab space.
The increase in the number of lab automation applications is likely to drive market growth in the near future. Automation has recently discovered numerous uses in the laboratory that have revolutionised laboratory procedures that were previously carried out by manual involvement. Among them are automated chemistry applications, synthetic biology, cell line creation, genomics, cellular assays, and drug discovery, to name a few. As a result, a growth in the number of clinical applications of automated instruments for laboratories is expected to boost lab automation adoption over the projected period. Another factor that is likely to have a major influence on market growth in the near future is an increase in demand for miniaturisation. One of the primary reasons for the implementation of automated systems and workstations in clinical laboratories is to allow for the miniaturisation of research processes in order to develop solutions for various complex lab automation tasks in applications such as biotechnology, microbiology, and clinical chemistry, among others.
North America and Asia Pacific region fuelled the laboratory automation market
Based on Regions, the market for laboratory automation is metameric into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2019, the North America region emerged united of the leading regions; though, the market within the Asia-Pacific region is anticipated to develop at a fast rate as compared to different regions. North America is additionally anticipated to exhibit the highest rate / CAGR over the forecast amount 2019-2026. Factors like favourable federal perspective, broad acceptance of breakthrough technology, a large concentration of significant manufacturers, and the availability of modern healthcare infrastructure are all important. Furthermore, the region’s microbiological laboratories are seeking technologically new methods to deal with large samples. Several major companies in the country are commercialising partial or full laboratory automation systems for bacteriology. As a result, these advancements are expected to drive the laboratory automation market in North America to new heights.
The Asia-Pacific laboratory automation business is expected to develop at a rapid pace because to an alarming increase of COVID-19 cases, growing pharmaceutical exports, a focus on creating sophisticated healthcare infrastructure, and improved economic conditions. Because of government funds, public and provincial-level hospitals in this area are undertaking substantial facility renovations. Such innovations are opening up new prospects for the healthcare industry. These factors are projected to considerably increase demand for laboratory automation solutions, therefore propelling the laboratory automation market forward.
During the projected period, the Latin American laboratory automation market share is expected to rise significantly. Factors such as a growth in the number of laboratories, the rapid expansion of the pharmaceutical and biotechnology sectors, the growing prevalence of chronic diseases, and favourable government initiatives. The laboratory automation market in Latin America is growing mostly because to an increase in the number of labs with sophisticated systems, a surge in pharmaceutical and biopharmaceutical businesses, and a boost in R&D activities.
Covid-19 situation
The global COVID-19 pandemic has had an impact on many businesses. The COVID-19 pandemic has put diagnostic laboratories under tremendous strain, with teams boosting capacity and quickly extending testing menus while dealing with staff shortages and the requirement to maintain safe and socially isolated working conditions. Those diagnostic laboratories that have adopted process automation have been among the most effective in reducing interruption and even prospering in these tough settings. Because of the flexibility that automated systems provide, forward-thinking laboratories have been able to swiftly return to near-full production while adhering to local social distance standards. When the limitations are relaxed and employees can return, these laboratories will be in an excellent position to leverage their automated procedures to expand their capabilities. COVID-19 has compelled diagnostic laboratories to scale up services and extend testing capabilities, putting extra strain on physical infrastructure as well as data management systems. Extending high-throughput testing capabilities without expanding procedures in the digital domain might restrict the savings offered by automation and even jeopardise the results’ integrity. In the midst of a worldwide pandemic, mistakes in processing test results might have significant repercussions for disease transmission and destroy public faith in healthcare.
Global Laboratory Automation Market Scope: