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The study provides a decisive view of the Synthetic Zeolite Market by segmenting it based on regions

Zeolite is a group of natural and synthetic hydrated aluminosilicate minerals that contains alkaline and alkali metals. The zeolite molecular structure has a framework that consists of enclosed interconnected cavities. These cavities are occupied by water molecules and metal cations that are ion exchangeable. Zeolite is available in both natural as well as synthetic forms. Natural zeolites are available in abundance; however, these offer a limited range of atomic structures and properties. On the other hand, synthetic zeolites offer larger cavities, and hence, a wide range of properties than that of their natural counterparts. Thus, more than 100 zeolites are manufactured annually across the globe for a wide range of applications. Synthetic zeolites are manufactured using the technique of slow crystallization of silica alumina gel in the presence of organic templates and alkalis. Sol gel processing is an important step involved in the manufacture of synthetic zeolites. Ease of scaling-up the sol gel manufacturing process makes it the most efficient and suitable route for zeolite synthesis. Zeolite is used in a wide range of industrial and domestic applications. It is used in petrochemical, nuclear and biogas manufacturing and processing industries. Most synthetic zeolites are used in the detergents industry. Adsorbents and catalysts are the other primary applications of synthetic zeolites.

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With over 65% share in total volume consumption, detergents was the largest outlet for synthetic zeolites in 2013. The synthetic zeolite market is driven by the demand from the detergents market, primarily owing to government regulations against the usage of phosphorus as detergent builders. Synthetic zeolites with attractive physic-chemical properties cashed in on the regulations against the widely used phosphorus compounds in detergents. Phosphorous, which is one of the key plant growth promoters, found its way into the lakes and rivers through drained laundry water. This resulted in the growth of aquatic algae and other aquatic plants, especially phytoplanktons. Excessive amount of phosphorous in water causes epidemic growth of aquatic plants, which is ecologically unsustainable and ultimately results in water pollution and contamination. Since drinking water is mostly sourced from these natural water bodies, phosphate pollution acts as a serious threat to water quality. Excessive growth of aquatic plants also reduces oxygen levels in water bodies, thereby impairing aquatic life. Rising demand for petroleum products has also acted in favor of synthetic zeolites, as substantial demand is generated from fluid catalytic cracking (FCC) process in petrochemical refineries. Petrochemical refineries also account for a considerable demand for zeolitic molecular sieves for adsorption.

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Asia Pacific accounted for over 40% share of the volume demand in 2013 and was the largest market for synthetic zeolites in the world, followed by Europe and North America. However, the growth of the application segments in each of the regions has varied over the past few years. The growth rate of detergents application has dipped in North America and Europe, while it is expected to be the fastest growing segment in Asia Pacific in the coming years. Adsorbents were estimated to be the fastest growing application segment in Europe and North America, followed closely by the catalysts application.

The global synthetic zeolite market is highly fragmented with many regional companies competing for a larger market share. Most established chemical manufacturing companies are involved in the production of superior grade synthetic zeolite for adsorbents and catalysts applications. Major companies dominating the market include Honeywell International, Inc., Clariant AG, BASF SE, Albemarle Corporation, Huiying Chemical Industry (Quanzhou) Co., Ltd and W.R. Grace & Company. Apart from these companies, there are various small- and medium-scale manufacturing companies in Asia Pacific, especially in China.

Table of Content

1. Preface

2. Executive Summary

3. Zeolite Market—Industry Analysis

4. Synthetic Zeolite Market – Application Segment Analysis

5. Synthetic Zeolite Market - Regional Analysis

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Sterile Medical Packaging Grows with Rising Need for Uncontaminated Healthcare Environment

Since healthcare organizations function in and around various harmful bacteria, ensuring an uncontaminated environment is paramount. In recent times, sterile medical packaging has revolutionized the way packaging is done in the pharmaceutical industry, thereby helping in maintaining a germ-free environment in these organizations. Due to its high performance and anti-contaminant properties, sterile medical packaging is used for several purposes, including the packaging of medical equipment, pharmaceutical and biological products, and medical supplies.

According to a report by Transparency Market Research (TMR), the global sterile medical packaging market generated a revenue of US$26.5 bn in 2016, which is estimated to rise to a valuation of US$38.3 bn by the end of 2024. This significant CAGR of 4.7% during the forecast period 2016–2024 makes it a lucrative market, although quite a few players have already established themselves. Some of the prominent players in the global sterile medical packaging are Amcor Limited, Placon, Dupont, Steripack, Wipak Group, and 3M Medical Packaging.

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Pouches and Bags Expected to Dominate Product Segment

By product, the global market for sterile medical packaging is segmented into thermoform trays and pouches and bags. Thermoform trays is further sub-segmented into vials and ampoules, clamshells and lids, IV containers, and others. Pouches and bags are also sub-segmented into gusset bags, header bags, liner tear bags, semi-ultra clean bags, and spout pouches. The sub-segment of vials and ampoules accounted for 36.4% of the market in 2016 and will sustain the demand in the near future. This is because the demand for bulk packaging of pharmaceutical products is on the rise. However, the segment of pouches and bags is projected for a better CAGR during the forecast period, due to the flexibility they offer.

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By application, the global market for sterile medical packaging can be segmented into pharmaceuticals and biologics, medical supplies, and medical equipment. In 2016, the segment of pharmaceuticals and biologics served 64.8% of the market and will continue to be the most attractive application segment during the forecast period. This segment domination is attributed to the growing demand for biologics across various therapeutic applications and for treatment of chronic diseases such as diabetes and arthritis.

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North America and Europe Remain Most Lucrative Regional Markets

Geographically, the global market for sterile medical packaging is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. In 2016, North America and Europe contributed to 75.0% of the revenue in the global market for sterile medical packaging. The widespread market in North America is due to various regulations imposed by the FDA. The factors such as presence of major pharmaceuticals companies and investments in research and development are projected to further propel the demand in the region during the forecast period. The prominent demand in Europe, on the other hand, is owing to increasing expenditure in R&D, which has led to new drug delivery systems such as prefilled syringes, multi-chambered bags, and ready-to-use mixtures. Though Asia Pacific is estimated to hold its position of the third most prominent regional market for sterile medical packaging, the lack of healthcare infrastructure in this vastly populated region curbs its potential.

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Thriving Personal Care Products Industry to Drive Selenium Sulfide Demand

The growing awareness about veterinary care and a high demand for personal care products are driving the demand for selenium sulfide. However, owing to strict government regulations regarding the application of selenium sulfide in personal care products, the market is expected to exhibit a meagre CAGR of 2.2% from 2016 to 2024. The global selenium sulfide market was worth US$27.5 mn in 2015 and is expected to rise to US$35.6 mn by 2024. The market is led by increasing awareness among the people with regards to veterinary care, especially in Asia Pacific. This has fueled the usage of veterinary medicines and is driving the market for selenium sulfide.

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Key players are constantly making newer products and investing in research and development for achieving innovation. Some of the players in the market are Alfa Aesar, Abcr GmbH, Wockhardt Ltd., G&W Laboratories, FAGRON, Adisseo, Omkar Specialty Chemicals Ltd., and Salvi Chemicals.

Markets in Emerging Economies to be Lucrative

Amongst North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, the selenium sulfide market is expected to hold dominance in the emerging nations of Latin America and Asia Pacific. In 2015, Asia Pacific held the largest share in the selenium sulfide market owing to a rise in the demand for cosmetics in the region. The demand for personal care is also high in the region. The rapid growth of the population and an increase in the disposal income of consumers have created favorable environment for the market’s growth in the region. The changing lifestyle and buying preference for consumers are also additional factors boosting the selenium sulfide market.

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Asia Pacific is estimated to continue to lead in the coming years owing to a healthy demand from emerging nations such as China, Thailand, Singapore, and India. Of these, China has been the leading consumer of selenium sulfide and accounted for over 50% of the consumption in Asia Pacific. The market in Latin America is expected to be lucrative on account of constant demand for hair care products, with Brazil being the most significant consumer of these products.

Selenium Sulfide with 99.0% Purity to Have Higher Demand

Of the two product type – selenium sulfide 99.0% and selenium sulfide 99.99%, the segment selenium sulfide 99.0% led in 2015, accounting for over 70% of the market. The segment led in terms of revenue and demand. However, the selenium sulfide 99.99% segment is expected to expand at an impressive 15.4% CAGR between 2016 and 2024, which is higher than the other segment, as per a report published by Transparency Market Research (TMR).

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On the basis of application, the personal care industry is clearly the leading segment. Anti-dandruff shampoos make use of selenium sulfide owing to their anti-infective properties. Also, dermatological skin lotions from are expected to be in high demand. The veterinary medicines segment is anticipated to experience a sluggish growth from 2016 to 2024 due to a lack of awareness among consumers in emerging economies.

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Radiodermatitis Market to Witness Healthy Growth across All Regions on account of Growing

The number of new cancer cases across the globe is estimated to rise from 14 mn each year in 2012 to 22 mn by 2032, as per the World Health Organization. Due to frequent radiation treatments, cancer patients are more likely to develop radiation-induced dermatitis and this is driving the radiodermatitis market. Unhealthy lifestyles, smoking, and obesity are aggravating the rate of cancer and in turn driving the global radiodermatitis market. According to a report, the opportunity in the global radiodermatitis market was worth US$299.6 mn in 2015 and is expected to reach US$421.5 mn by 2024, registering a CAGR of 3.9% from 2016 to 2024.

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Companies in Radiodermatitis Market to Focus on Innovation

The players in global radiodermatitis market are striving to achieve product innovation so as to enhance their product portfolio. A high amount of focus is on innovation so as to fulfil the unmet needs of patient population. The painful condition of patients and the poor quality of life led by them on account of radiodermatitis are pushing them to try different treatment options, leading to a growth of the market. This is also compelling manufacturers to develop effective and technologically advanced drugs or devices to treat radiodermatitis.

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One of the trends seen in the radiodermatitis industry is the partnering of market players with oncologists and skin specialists. The fact that oncologists and skin specialists have more knowledge about the effectiveness, patient comfort, and product usage is encouraging radiodermatitis market players to partner with these specialists to overcome the existing gap. This bridging is expected to act as an opportunity for growth in the radiodermatitis industry.

Future Growth Potential Still Lies Within Asia Pacific

Geographically, the radiodermatitis industry is expected to be led by Asia Pacific. In 2015, Asia Pacific represented 45% of the market and is expected to continue its dominance over the next few years. The increasing number of cancer patients is making the region lucrative for the radiodermatitis market. What adds to the higher rate of radiodermatitis among people in the region is the lack of acquaintance with routine hygiene-based preventive measures. Europe also holds significant share in the market on account of high level of research and development activities in life science and various product launches by companies headquartered in the region. The radiodermatitis North America market is boosted by the presence of a large number of renowned pharmaceutical companies and initiatives by government to devise a treatment solution.

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The Middle East and Africa and Latin America are also likely to experience robust growth between 2016 and 2024. The large pool of untreated patients and the emergence of favorable policies are expected to make these regions, lucrative markets for radiodermatitis. Moreover, the increasing focus on cancer care studies in the Middle East and Africa will also aid the growth of the market.

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Busy Lifestyle of Consumers to Influence GCC Processed Meat Market Heavily

Market Research Reports Search Engine (MRRSE) has recently added a new report on the market for processed meat in GCC countries, which estimates this market to expand at an impressive CAGR of 8.40% during the period from 2016 to 2024. The research report states that the market is expected to rise from a value of US$0.7 bn in 2015 to US$1.5 bn by the end of the forecast period.

The report, titled “Processed Meat Market - GCC Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024,” is published by Transparency Market Research (TMR).

According to the research report, the GCC processed meat market is heavily influenced by the busy lifestyle of consumers. People are increasingly opting for ready-to-eat food items, which has led to a significant rise in the demand for processed food. Consequently, the demand for processed meat has also increased and is likely to continue to move upward in the forthcoming years, notes the study.

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Apart from this, the increased investments and aggressive marketing strategies by vendors are also reflecting positively on the sales of processed meat in GCC countries. In addition, the rising preference for fast foods, especially with processed meat, among children and young adults, the increasing number of working women GCC countries, and the upswing in product innovation by leading producers of processed meat are likely to boost the GCC market for processed meat over the forecast period, states the research report.

In this study, the market for processed meat in GCC has been analyzed on the basis of the type of meat, type of product, type of package, and the geography. Based on type of meat, the market has been classified into lamb, beef, and poultry. The poultry segment led the GCC processed meat market in 2015 with a share of more than 43%. Researchers predict this segment to remain on top throughout the forecast period.

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Based on the type of product, the market has been classified into frozen processed meat, shelf stable meat, and chilled processed meat. The demand for frozen processed meat has been higher among consumers and is expected to remain so over the period of forecast.

In terms of packaging, the report has segmented the GCC processed meat market into bulk packaging and retail packaging. Currently, retail packaging is preferred more than bulk packing due to the low cost and the longer shelf life it provides to products. The trend is expected to prevail in the near future, states the report.

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Geographically, the market for processed meat in GCC has been segregated into Qatar and the Rest of GCC. The Rest of GCC led the overall market with a share of nearly 88% I n 2015. However, Qatar will register a high-paced growth over the forecast period at a CAGR of 8.80%, reports the study.

The competitive landscape of this the GCC market for processed meat is also provided in this market study. Sunbullah Group, Al Islami Foods, National Food Co., B.R.F. S.A., Cargill Inc., Tyson Foods, Mc Donalds, and Yum Brands are the key producers of processed meat in GCC countries, states the research report.

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Burgeoning Need to Protect Poultry Animals from Various Diseases to Aid Poultry Pharmaceuticals

Poultry products and farms have started gaining an important spot among humans as a prime source for food and a profitable and potential business solution. The prime factors supporting the progress of the global poultry pharmaceuticals market are rising focus for livestock preventive healthcare, widespread of vaccination programs, and ongoing technological advancements. Poultry animals are extensively prone to ailments such as avian influenza and coccidiosis which are caused by improper feed additives, inappropriate waste management, and unsuitable environmental conditions. With the demand for protein sources and meat rising significantly across the globe, consumers and poultry farm owners are becoming concerned about the health of their poultry animals.

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Leading companies operating in the global poultry pharmaceuticals market are adopting strategies such as product innovation to enhance their consumer base and expand their business. The rivalry among the players is quite high owing to the presence of numerous companies in the market with varied products. This also ensures that companies maintain regular interaction with poultry farmers, governments, and drug retailers.

The global poultry pharmaceuticals market is likely to expand at a significant 8.5% CAGR from 2016 to 2024. By the end of 2024, the market is expected to be worth US$7.8 bn from a valuation of US$3.7 bn in 2015.

Poultry Pharmaceuticals Market to Benefit from Rising Consumption of Feed Additive Medication

On the basis of products, the global poultry pharmaceuticals market has been classified into feed additive medication, vaccines, and drugs. Poultry farmers use vaccines to provide immunity to their poultry animals as they have an immediate impact on them. As a result of this, in 2015, this segment emerged dominated in the global poultry pharmaceuticals market. However, the consumption of feed additive medication for the poultry is rising significantly across the poultry farming sector due to the capability of feed additive to dissolve easily with feed. The feed additive medication segment is expected to exhibit strong growth over the forthcoming years.

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In terms of animal type, the market was dominated by chicken in 2015. The growing consumption of chicken can be attributed to its popularity among meat lovers worldwide. The consumption of meat is expected to be further driven by the high quality of meat and health benefits associated with it. The duck meat segment is also expected to gain a sizeable share in the global poultry pharmaceuticals market.

North America to Lead whereas Latin America to Present Potential Growth Opportunities

In 2015, North America emerged dominant in the global poultry pharmaceutical market owing to the growing adoption of animal healthcare products due to its rising awareness among consumers and the mounting need for feed additive medication. The market in North America is also expected to be driven by the rising concerns over the spread of poultry diseases. Nevertheless, Latin America is expected to present manufacturers of poultry pharmaceuticals with lucrative growth opportunities in the near future. The region is significantly focusing on the export of poultry products to meet the global demand. Specialized regional players are expanding their production capacities benefit from the arising opportunities.

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The players in the market are Merial Animal Health, Elanco Animal Health, Ceva Sante Animale, Zoetis Inc., and Merck Animal Health.

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Burgeoning Construction and Manufacturing Activities Filliping Global Market for Metal Fabrication

A major fillip to the global metal fabrication market has been provided by the rapidly increasing investments in various infrastructural projects worldwide, especially in the past one decade. Continuous investments in electric furnace and metals processing, the growing consumption of aluminum, revival of manufacturing in the automotive industry, revival in non-residential investments, and the robust demand in aerospace have also boosted the market significantly so far.

In 2015, the global market for metal fabrication was worth US$16.35 bn. Exhibiting a 3.0% CAGR, it is expected to attain a value of US$21.38 by 2024.

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Burgeoning Construction Activities at the Forefront of Driving Demand

Among the different end-use sectors for metal fabrication, the construction segment is at the forefront of driving demand on account of the sustained upswing in construction activities all over the world. The automotive sector has also majorly contributed to the demand. In a bid to provide for the rising need for metal fabrication in the aforementioned industries, metal fabrication manufacturing units are supplying both finished and fabricated metal products that can be used directly to assemble various parts.

Depending on service, metal welding dominated the global metal fabrication market with the maximum share. However, it is the machining services segment that is expected to see robust growth in the forthcoming years.

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Popularity of 3D Metal puts a Roadblock in the Growth Path

One factor posing significant threat to the market is the soaring popularity of three dimensional (3D) metal printing which is increasingly supplanting metal fabrication. In fact, the 3D metal printing has become a highly preferred technology for metal additive manufacturing. Not just that, 3D metal printing has also found extensive application in automotive, aerospace, and marine sectors due to its high-precision machining operations and super-effective adherence. All these is likely to slow down the growth rate of global metal fabrication market, particularly in developed nations of the world.

Asia Pacific to Clock Maximum Growth due to Increased Construction Activities

Europe, Asia Pacific, and North America – all three are important markets for metal fabrication. For example, Europe held almost a quarter of the share in the global metal fabrication market in 2015, on account of the strong demand from the automotive and manufacturing sectors. The market in the continent has also been helped by favorable government policies. Among the various countries in the region, Germany holds maximum share in the market and going forward it is predicted to clock a strong growth rate too. North America has also occupied a prominent position in the global market for metal fabrication on account of solid construction activities and the presence of automobile industries in the continent.

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Powered by India and China, Asia Pacific is another key region accounting for a substantial share in the global market for metal fabrication. In the near future too, Asia Pacific is slated to maintain its dominant share due to the setting up of metal fabrication units in China, Japan, India, South Korea, and Singapore to feed the growing construction activities and iron and steel manufacturing plants, among others, in the region.

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Consumer Preference for Organic Food to Boost Global Market for Malt Ingredients

The global market for malt ingredients used for baking purposes has been witnessing a substantial rise since the past few years. The increasing shift in the preference of consumers for natural and organic foods, coupled with the growing awareness among them about the health benefits offered by organic food products and ingredients are boosting the demand for malt ingredients significantly and the trend is anticipated to remain so in the near future.

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According to a research report by Transparency Market Research (TMR), the worldwide market for malt ingredients for bakery, which stood at US$4.2 bn in 2015, is likely to witness a tremendous increase at a CAGR of 6.60% during the period from 2016 to 2024 and cross US$7.3 bn by 2024. In terms of demand, the market is estimated to rise at a CAGR of 4.70% during the same time period.

North America to Acquire Leading Position in Global Market for Malt Ingredients for Bakery

Latin America, the Middle East and Africa, Europe, North America, and Asia Pacific are the predominant regional markets for malt ingredients used in the bakery industry. Among these, North America is expected to emerge as the leading contributor to the overall market in terms of both, value and volume, and will be closely followed by Europe over the forthcoming years.

Apart from this, Asia Pacific is also projected to exhibit strong growth in the demand for malt ingredients used for baking over the next few years. The augmenting demand for healthy products in Asian economies, such as India, China, and Japan and the rise in the spending capacity of buyers in this region are projected to boost the Asia Pacific market for malt ingredients used for bakery.

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Demand for Barley Malt to Remain High

Barley and wheat are the main source of malt to be utilized in the bakery industry. Barley malt has been witnessing a higher demand than wheat malt and is projected to retain its leadership through 2024. However, the demand wheat malt is also expected to witness favorable growth over the forthcoming years.

Here is a snapshot of the performance of segments of this market:

Based on the product type, the malt flour segment is likely to witness stronger demand and is projected to be followed by dry malt in the near future.

Among applications, the demand for malt ingredients is likely to be higher from cookies in the coming years. The biscuit segment is expected to hold the second position.

The demand from the cakes and pastries segment is projected to rise at a CAGR of 5.40% during the period from 2016 to 2024.
By grade, the standard segment is anticipated to lead the global market for malt ingredients for bakery over the next few years.

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At the forefront of the global market for malt ingredients used in bakery are Simpsons Malt Ltd., Briess Malt & Ingredients Co., VIVESCIA Industries, Malteries Soufflet SAS, Malt Products Corp., Polttimo Oy, Muntons Plc., Dohler GmbH, Ragleth Ltd., IREKS GmbH, GrainCorp Malt Group, Cargill Inc., and Axereal Group.

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Non-Thermal Energy-based Fuel Cells in Demand for Being Eco-Friendly, Safe, and Secure

The basic concept of fuel cells is a quick driving factor for the market, regardless of the forecast period. These electro-chemical devices offer great usage security and are produced as safe, eco-friendly products through the oxidation of hydrogen, natural gas, methanol, or other fuels contained in them. They source heat and electricity to commercial sectors and building structures without the use of thermal energy to generate power, with hydrogen as a fundamental component.

Moreover, an insignificant measure of nitrous oxide and water as by-products makes them a much demanded alternative for electricity generation and to incumbent technologies for proving to be a quieter power generator that uses no moving parts or combustion.

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According to a report published by Transparency Market Research, by revenue, the fuel cells market is expected to see a rise of 23.64% CAGR from 2016 to 2024 to touch US$27.25 bn by 2024. It stood at US$3.59 bn in 2015. The volume of the global market is anticipated to expand at a CAGR of 24.58% by 2024.

Stationary Application Segment Tops Market by 64.82% Share

By type, the fuel cells market is divided into four segments, viz. proton exchange membrane fuel cells (PEMFC), direct methanol fuel cells (DMFC), solid oxide fuel cells (SOFC), and others. The largest chunk of the market, i.e. 62.42%, was held by PEMFC in 2015.

Although fuel cells are used in different applications, such as military and auxiliary power units, uninterruptible power supply systems (UPS), submarines, fuel cell driven automobiles, consumer electronics, and combined heat and power (CHP) systems, the three main application segments are stationary, portable, and transport. With 64.82%, the largest market share by application was secured by stationary in 2015.

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Geographically, the market is broadly segmented into four: North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific captured the largest region-wise market share of 59.94% in 2015.

Costing, Distribution, and Transportation of Hydrogen May Restrict Fuel Cells Market

It is expected of the fuel cells market to gain a good boost in the next few years, mostly in the transportation sector, as governments and firms look to install efficient fuel systems in automobiles with efforts in research and development activities. Stringent environmental legislations enforced should significantly elevate the use of fuel cells in stationary, portable, and transport applications all through the forecast period 2016–2024.

As far as the primary triggers are concerned, the number of nations being made highly aware of clean energy usage, rapid population growth, the increasing demand for electricity, great dependency on fossil fuels, and strict government rules to reduce carbon emissions are at the top of the list.

Browse the full Fine Global Fuel Cells Market Report: http://www.mrrse.com/fuel-cell-market

However, the high cost of hydrogen and other gases incorporated in fuel cells compared to fossil fuels may stunt the growth of the market, coupled with the challenges to distribute and transport hydrogen.

AFC Energy PLC, Ballard Power Systems Inc., Doosan Fuel Cell America, Inc., FuelCell Energy, Inc., Hydrogenics Corporation, Nedstack Fuel Cell Technology B.V., Plug Power, Inc., Panasonic Corporation, SFC Energy AG, and Toshiba Corporation are expected to take the fuel cells market by storm.

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Filter Bags Market: Decline in Coal-fired Power Plants to Negatively Impact Demand

As a part of their environment protection plans, a growing number of countries across the globe are implementing strict regulations to curb carbon emissions. In addition to this, governments are promoting green technologies by granting incentives. All these factors have created an atmosphere, wherein companies find themselves opting for solutions that control industry discharges and effluents. In a report featured on Market Research Reports Search Engine (MRRSE), it has been noted that filter bags have become increasingly popular among companies owing to their reduced cost and high level of effectiveness in controlling industry discharge.

The publication is titled “Filter Bags Market - Global Industry, Size, Share, Growth, Trends and Forecast 2016 - 2024”. This report has been published by Transparency Market Research and estimates that the global market opportunity in filter bags is anticipated to rise from US$1,811.7 mn in 2015 to US$2,950.1 mn by 2024, expanding at a 5.6% CAGR between 2016 and 2024.

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The implementation of employee health reforms is one of the factors driving the global filter bags market. This reform is compelling employers to improve the quality, overall efficiency, and standard of the work environment, so as to ensure safety of employees. This has augmented the demand for filter bags across industry verticals such as mining, cement, and power plants.

On the other hand, the decline in the demand for coal-fired power plants and similar other energy plants owing to the growing popularity of green energy solutions such as wind and hydro power industries is causing a decline in the demand for filter bags from conventional energy or power sectors. Another challenge faced by the industry is the emergence of alternative filtration technologies such as incinerators, high-efficiency particulate air filters, electrostatic precipitators, and filter cartridges. These are being substituted for filter bags and hampering the growth of the market.

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International and large players in the market are witnessing stiff competition from domestic manufacturers, especially in Asia Pacific. This has resulted in large companies opting for partnerships with small and domestic original equipment manufacturers (OEMs). Players in the market are also striving to achieve a strong sales channel as well as looking to expand their operations across untapped markets and other regions.

Browse Full Global Filter Bags Market Report with TOC:http://www.mrrse.com/filter-bags-market

Some of the players profiled in the report include BWF Envirotech., Thermax D Ltd., Camfil Farr Inc., Mitsubishi Hitachi Power Systems Ltd., Eaton Corporation, Pall Corporation, Clarcor Inc., Babcock & Wilcox Co., Donaldson Company Inc., Rosedale Products Inc., General Electric, Filter Concept Pvt Ltd., Lenntech B.V., and Parker Hannifin Corporation. The business and financial overview of these players and the information regarding their partnerships, mergers and acquisitions are given in the report.

About MRRSE

MRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.

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