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China Electric Scooters and Motorcycles Market Segmentation and Opportunities Forecast To 2025

China electric scooters and motorcycles market is forecasted to reach over $12 billion by 2025, growing at a CAGR of 6.1%, P&S Intelligence.

Increasing pollution awareness among people and growing urbanization are driving the growth of the market. Electric scooters and motorcycles use electric battery for propulsion and do not produce any emissions. Moreover, these electric two-wheelers are virtually silent and do not cause noise pollution. Electric two-wheelers can manoeuvre through congested streets; can be charged from traditional wall outlets and can have a removable battery.

Insights on market segments

As per the findings of research, lead acid powered electric scooters and motorcycles contributed majority of the industry sales, however, the share of lithium-ion battery powered two-wheelers is expected to grow significantly over the forecast period due to the declining prices of lithium-ion batteries and its advantages over lead acid battery. Electric scooters being simple and smart are best suited for delivery services such as in fast food joints and e-commerce. The demand of electric two-wheelers for delivery services is driving its sales, given the growth of e-commerce and internet penetration in the country. Electric scooters and motorcycles are expected to become a mainstay for such services in future.

On the basis of voltage, the 48V battery powered scooters account for a majority of industry sales, as these two-wheelers provide sufficient power to ride on congested roads, at a reasonable price. Based on technology, plug-in electric scooters and motorcycles accounted for majority sales during the historic period and it will continue to dominate the country sales over the forecast period.

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Growing urbanization continue to benefit the sales

The growing urbanization in China is expected to benefit the sales of electric two-wheelers in the country over the forecast period. In 2011, population living in the cities in China crossed 50% and by 2030 it is expected that urbanization rate in the country would reach 65%-70%. Due to the growing urbanization, the transport demand from the medium and small cities is increasing. The travel profile in these cities typically involves short and frequent drives, for which electric scooters and motorcycles are most suited. Moreover, with low density of population and ample spaces, the development of charging infrastructure would be relatively easier in small cities compared to the bigger ones.

Fragmented market structure

The research states that the Chinese electric scooters and motorcycles industry is fragmented, where the top three players, namely Yadea Group Holdings Ltd, AIMA Group and Zhejiang Luyuan Electric Vehicle Co Ltd, together account for less than 30% of sales. The remaining market revenues are shared by many companies in the market each accounting for a small share in sales.

The competition in the market is fierce with many small privately-owned companies trying to gain share in the market. A large number of players has led to cut throat competition in the market, which has been majorly price driven. Due to cost sensitivity of the end user, the companies in the past have offered value of money products at competitive prices. However, nowadays the companies (especially the leading players) have started focusing more on product quality, brand building and after sale services. It is expected that these parameters would gain importance in future and further increase the competition in the market.


Healthcare Payer Services Market Worth $69.2 Billion By 2024 | Grand View Research Inc.

The global Healthcare Payer Services Market is anticipated to reach USD 69.2 billion by 2024, according to a new report by Grand View Research. The key factors driving the market include the increasing demand for streamlined business processes and better customer services through the adoption of cost effective strategies. 

The growing usage of advanced technologies to deliver economical business process services, rising adoption of digital technology, increasing focus on consumerism, and the presence of stringent healthcare regulatory policies are certain crucial factors boosting the healthcare payer services market in the coming years. Some of the key participants, such as Accenture, Cognizant, EXL, HP Development Company, L.P., Concentrix Corporation, and others, are primarily focusing on incorporating mobility technology with health plans to engage enrolled members. 

Moreover, the growing private healthcare insurance exchanges, increasing IT investments, and with the Affordable Care Act (ACA) in effect, the market is set to grow. The increasing demand to curb the overall administrative costs of member management services, increasing demand for cost effective solutions for the healthcare payer services, and the growing number of healthcare fraud cases are few determinants that are expected to propel the market growth over the forecast period. 

Some established players including United Healthcare, Inc., Anthem, Inc., Aetna, Inc., Accenture, Cognizant, Dell, HP Development Company, L.P., and Xerox Corporation are expanding their footprint through the implementation of various technologies such as digital technology and contract models. The technological advancements in the overall healthcare payer services system are anticipated to positively reinforce the market growth.  

Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/healthcare-payer-services-market

Further Key Findings from the Study Suggest:

  • In 2015, the BPO segment accounted for the maximum revenue share of 51.7%. The growing number of people enrolling for the insurance program, increasing pressure to bend the healthcare cost curve, and the rising implementation of ICD-10 codes are driving this segment’s growth. However, the KPO segment is expected to emerge as the fastest growing with a CAGR of 17.9%. Increasing demand for accurate claim resolution and the reduction of fraud incidences are some of the factors that are expected to drive the market over the forecast period.
  • In 2015, North America was a clear leader with a revenue share of 77.31%. The growing insurance enrollment, lack of low-cost skilled professionals, and the increasing demand for an integrated healthcare system are accountable for the large market share captured by this segment.
  • Asia Pacific is expected to emerge as the fastest growing region with a CAGR of 10.8% during the forecast period. The Southeast Asian region is one of the major outsourcing destinations in the world. The region includes Malaysia, Singapore, Vietnam, Philippines, India, China, and many more, which are predominately involved in carrying out outsourcing activities. The presence of skilled workforce to provide high-end process services, such as software development and application development management, is one of the prominent factors driving the Asia Pacific healthcare payer services market in the coming years.
  • The healthcare payer services market is presently dominated by few key participants, such as United Healthcare, Inc., Anthem, Inc., Aetna, Inc., Cigna, Humana, Inc., Accenture, Xerox Corporation, Genpact, IBM Corporation, and Cognizant. The healthcare payer services players initiate merger & acquisition and corporate development strategies primarily to further expand their reach in various other verticals. For instance, Wipro Limited had acquired HealthPlan Services for approximately USD 460 million to diversify its health insurance product portfolio. 

Nephrology & Urology Devices Market Will Reach $31.3 Billion By 2024

The global Nephrology And Urology Devices Market size is expected to reach USD 31.3 billion by 2024, according to a new report by Grand View Research, Inc., exhibiting a 7.1% CAGR during the forecast period. Increasing prevalence of chronic kidney diseases is expected to fuel market growth.

This high prevalence of diseases can be attributed to unhealthy lifestyle habits of people around the world. Moreover, growing geriatric population, who are more prone to hypertension, obesity, diabetes, urinary disorders, and other kidney chronic conditions, is expected to fuel demand for nephrology and urology devices.

Advancements in device technology, such as inclusion of prosthetics in urology, percutaneous methods for stone disintegration and extraction, and extracorporeal shockwave lithotripsy, are anticipated to boost the market over the forecast period. Furthermore, presence of highly advanced pipeline products such as bioartificial kidney is presumed to present the market with lucrative growth opportunities in future.

Increase in demand for minimally invasive techniques is also likely to propel the market in the coming years. Nephrology and urology devices facilitate early diagnosis and shorter treatment duration in most surgical procedures. Minimal pain, heightened cost efficiency, safety, efficacy, rapid recovery, and reduced hospital stay are other benefits offered by these devices. This is expected to boost adoption over the forecast period.

Further key findings from the report suggest:

  • The global urology segment is anticipated to reach USD 21.4 billion by 2024, at a CAGR of 6.9% from 2016 to 2024
  • By type, the benign prostatic hyperplasia segment is anticipated to witness lucrative growth over the forecast period
  • Europe held the dominant revenue share as of 2015 owing to a large target population. Growth across this region is primarily driven by presence of prominent market players implementing extensive expansion strategies such as product development and mergers and acquisitions
  • Asia Pacific, especially countries such as India and China, is expected to observe remarkable growth in the coming years
  • The global industry is dominated by few players and is marked by extensive new product development and high-end investments in R&D. Level of competition is expected to remain high over the forecast period

Some of the key players in the market are Baxter International, Inc.; Fresenius Medical Care AG & Co. KGaA; Boston Scientific; and C.R. Bard Inc.                             

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/nephrology-urology-devices-market


How to Add Two-Factor Authentication to Blockchain

Though originally created for the cryptocurrency, Blockchain technology has been making its way through many industries, and it does not look like it will be going anywhere soon. In fact, the technology will most likely be spreading even farther.

With the major point of Blockchain technology being increased privacy, it only makes sense to add two-factor authentication to block for an extra layer of security. If you have not made this move yet and wish to do so, read on for the steps you should take.

STEPS TO ADD TWO-FACTOR AUTHENTICATION TO YOUR BLOCKCHAIN ACCOUNT

  • Log into your Blockchain account.
  • On the right side where you see the dashboard, click on the “Security Center” tab.
  • Scroll down to Level 2, click “Enable Two-Step Verification”, and then “Enable.”
  • You will then be prompted to choose how you would like to receive your two-factor authentication code, sometimes called a 2FA code.

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TYPES OF AUTHENTICATORS

There are different authenticators available, but three are commonly used with Blockchain:

1. GOOGLE AUTHENTICATOR

This app is free and easy to use. To use this option, after it is downloaded to your device, you will:

  • Select “Authenticator App” under enable in your Blockchain account.
  • Scan the presented QR code with your Authenticator app. If you are using an Android, open the app on your device. In the upper right corner, you will see three dots- click them, select “Add an Account”, and then scan the code. If you are using an iOS device, open the app, click on the + on the top right, then scan the barcode.
  • After you have scanned the code, you will see your Wallet ID in the app. You will also see 6 numbers that change consistently. This is the 2FA code. When you log into your Blockchain account and are prompted to enter a 2FA code, you will enter the one that is displaying at that time and click “Verify Code.”

2. SMS

Another option is to receive passcodes on your mobile device. If you choose this option:

  • Under “Enable”, click “Mobile Phone Number.”
  • Enter your number and click “Get Verification Code.”
  • When the code arrives in a message on your phone, simply enter it and hit “Submit Code.”

3. YUBIKEY

For those who have a Yubikey, this is also an option:

  • Click “Enable” and hit “Yubikey.”
  • Put your Yubikey into the provided field and hit “Submit.”

All three authentication tools have simple steps to follow and can be set up in just moments. Regardless of the tool you use, two-factor authentication can help protect your Blockchain account even more. Add 2-step verification to your account today.

Cont. Reading…

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Xanthan Gum Market to See Incredible Growth During 2024

 

The global xanthan gum market is expected to remain consolidated in nature, owing to the large presence of globally prominent players and their recent moves on capacity expansion. In 2015, Fufeng Group Company Limited, CP Kelco, and Deosen had dominated the global xanthan gum market in terms of revenue generation. At the time, they had captured almost 58.1% of the global xanthan gum market. Given the overall consolidated market nature, these players are likely to remain in the lead for the time being.

 

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According to a research report released by Transparency Market Research, the degree of competition in the global xanthan gum market is expected to change over the coming years due to a very high scope of entry by newer players from North America. From the global market’s perspective, this threat is likely to remain moderate due to the leading production rates by other regions. The global xanthan gum market is predicted to expand at a CAGR of 7.7% in revenue, within a forecast period from 2016 to 2024. This revenue is expected to reach US$1.25 bn by the end of 2024, after reaching US$651.5 mn at the end of 2015. In terms of volume, the global xanthan gum market is expected to expand at a CAGR of 7.3% for the same forecast period.

 

“The food and beverage sector has always been a leading end user in the global xanthan gum market. Given is nearly irreplaceable use as a stabilizer and a thickener, xanthan gum manufacturers have consistently strived to increase their value in the food and beverage sector and have managed to do so with great success. The scope of xanthan gum in foods is expected to grow even larger over the coming years, with a growing rate of food consumption across the global urban population. The extremely large demand for processed foods and convenience foods is expected to surge till 2024, further increasing the scope of revenue generation in the global xanthan gum market,” states a TMR analyst.

 

The global xanthan gum market is also being driven by the greater preference of xanthan gum in the food and beverages industry over other hydrocolloids, owing to its better performance as a stabilizer. Additionally, the primary substitute for xanthan gum – guar gum – is expected to witness a drop in supply rates over the coming years, owing to the growing demand for stabilizers and the inability of guar gum manufacturers in meeting this demand due to the seasonal nature of guar seeds.

 

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The problems associated with the inferior quality of production of xanthan gum continues to restrain the global xanthan gum market. The imports of xanthan gum from Austria and China were earlier deemed of a sub-par quality and were introduced to markets in the U.S. and other developed nations at a less-than-fair price in comparison to the international market. This resulted in several countries and especially the U.S. to implement strict anti-dumping policies for xanthan gum imports. Additionally, several research organizations showed that some of the xanthan gum manufactured in China was unfit for use in food and beverages, although being labelled as safe for consumption, due to the presence of impurities that diluted the overall quality of the shipped product.

 

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“While the imports of xanthan gum from China and Austria into the U.S. are slowing down considerably, it is providing players within the U.S. to rise up to the occasion. It has thus formed a highly beneficial opportunity for these players to increase their shares in the global xanthan gum market,” adds the analyst.


Fire Resistant Fabric Market to Perceive Substantial Growth During 2024

Materials that are lighter, stronger, safer, and faster are currently gaining demand in the market. Fibers that are resistant to high temperature and high performance are used on a large scale as they meet the challenges that include chemical resistance, high temperature resistance, etc. Fire resistant fabrics are those textiles that resist high temperature and fire. These fabrics are known to be naturally resistant in comparison to other chemical treatments or fireproof fibers that are manufactured artificially. Fire resistant fabrics are organic or carbon-containing materials that reduce a fire hazard. These fabrics do not glow or burn on removal of the ignition source; however, certain changes are observed in their physical and chemical characteristics.

 

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Fibers can be segmented into four categories: (i) natural fibers, which include flax, cotton, and silk; (ii) inorganic fibers, which include glass and asbestos; (iii) synthetic fibers, which include polyester, nylon, and vinyls; and (iv) regenerated fibers, which include rayon. There are three types of fire resistant fibers: non-durable, semi-durable, and durable fire resistants. Non-durable fire resistant fabrics contain water-soluble inorganic salts. These water-soluble inorganic salts are easily removed on exposure to water or by washing. Semi-durable salts can be removed by repeated washing in the laundry. Durable fire resistant fabrics need to be laundry washed more than 10 times to remove salts. The fire resistance of a fiber is affected by the fabric’s weight, ease of combustion, chemical nature, and washing conditions.

 

Fire resistant fabrics are used in many applications including firefighting uniforms, work wear, transport, law enforcement services, and residential and commercial furnishings. Improvement in technologies and stringent regulations imposed by the government has led to increased use of fire resistant fabrics in various end-user industries such as chemicals, electrical, and oil and gas, which are at a greater risk of fire accidents.

 

Rising demand from the chemical industry is the major factor driving the global fire resistant fabric market. Increasing demand from the oil and gas sector is also expected to fuel the fire resistant fabrics market. Increased awareness about fire safety procedures in residential and commercial areas is also anticipated to boost the global fire resistant fabrics market in the near future.

 

North America, Europe, Asia Pacific, and Rest of the World are major players in the global fire resistant fabrics market. Developing economies such as Asia Pacific, especially China and India, are major markets for fire resistant fabrics due to increasing demand in the chemical industry. North America and Europe are also expected to be the major consumers of fire resistant fabrics due to rising demand in the oil and gas industry and stringent regulations set by the governments in the region. Rest of the World, which includes Africa, Australia, and the Middle East, is also likely to boost the demand for fire resistant fabrics in the next few years.

 

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Some of the key players in the global fire resistant fabric market include E. I. du Pont de Nemours and Company, Royal TenCate, Milliken Chemical Company, PBI Performance Products, Huntsman Corporation, Gun Ei Chemical Industry Co., Ltd., Kaneka Corporation, Lenzing AG, Teijin Aramid BV, Solvay S.A., Toyobo Co., Ltd., Banswara Syntex Limited, Zz Garments Co. Limited, Xinxiang Zhuocheng Special Textile Co. Limited, Hyundai Fiber Co. Limited, Workrite, Ameetuff Technical Paints Industries, Springfield LLC., Woven Fabric Company, Betala Canvas Company, and The Tyndale Company, Inc.

 


Disodium Octaborate Tetrahydrate Market to Expand with Significant CAGR During 2024

 

Disodium octaborate tetrahydrate is an alkaline salt with a strong odor. It is used as a pesticide and insecticide in the form of powder and mothballs. Its solubility in water is low and it is highly volatile, owing to which it is used to control moths, mold and mildew. Disodium octaborate tetrahydrate is used to control insect infestation in crops, it is used as a fumigant for clothes and for ant control. Industrially, disodium octaborate tetrahydrate is used to prevent leather and other fabrics from mold and mildew attack. The vapors of disodium octaborate tetrahydrate are toxic to insects, mildews, and molds. Additionally, disodium octaborate tetrahydrate is used as a flame retardant.

 

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Disodium octaborate tetrahydrate is a broad range insect repellant. It is used as an insect repellant for plums, apricots, nectarines, cherries and other fruits. It controls soil diseases, potato weevil, root aphids, peach tree borer, wire worms and other insects. It is commercially available in the form of an oil suspension, liquid and powder form which is applied at the base of trees especially for peach tree borer control. In the liquid form, disodium octaborate tetrahydrate is diluted and sprayed on wood surfaces to kill termites, fungi, algae and ants. In structural woods, it can be embedded in the form of pellets. It is found to reduce dust mite populations when applied at regular intervals in residential and commercial spaces.

 

The growth of the pest management industry for domestic and commercial purposes has been driving the growth of disodium octaborate tetrahydrate market. This trend is expected to continue within the forecast period. Additionally, the increasing use of flame retardants in order to prevent accidents has been augmenting the growth of disodium octaborate tetrahydrate market.

 

Flame retardants reduce the risk of a fire starting and its propagation. This function increases the time duration available for escaping from a site of fire. However, the use of disodium octaborate tetrahydrate in large concentrations is detrimental to human health; this disadvantage of disodium octaborate tetrahydrate could hamper the growth of this market in the coming years. Bio based disodium octaborate tetrahydrate which are milder on the environment are expected to open new areas of opportunity for the disodium octaborate tetrahydrate market in the coming years.

 

This market is expected to show phenomenal growth over the next six years primarily due to the growth of the agro-based and building & construction industries. The growing safety regulations with respect to fire have increased the demand for this chemical. The thriving, building & construction industry and agricultural farmlands of Latin America, China and India are the dominant consumers of disodium octaborate tetrahydrate.

 

U.S. and Western Europe are anticipated to exhibit moderate demand for disodium octaborate tetrahydrate for flame retardant application. The increasing number of governmental regulations in these regions to incorporate flame retardant additives for consumer safety has been a key factor propelling the growth of this market in the U.S and Western Europe.

 

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The key players in this market are ABI Chemicals, AK Scientific, Alfa Aesar, Angene, Apollo Scientific Ltd, Conier Chem, Haihang Industry Co. Ltd, Dalian Haokang Electronic Technology Co., Ltd, GFS Chemicals, Finetech Industry, Hangzhou Uniwise International Co., Ltd, Hengyang KT Chemical Co., Ltd, J and K Scientific, Merck Millipore, Sigma – Aldrich, TCI, Wuhan Fortuna Chemical Co., Ltd, Triveni Chemicals and Tractus Co. Ltd among others.

 


Industrial Silica Market to Perceive Substantial Growth During 2025

Some prominent participants in the market include Premier Silica LLC, International Silica Industries Company plc, Sil Industrial Minerals Inc., U.S. Silica Holdings Inc., Delmon Group of Companies, Adwan Chemical Industries Co. Ltd., Opta Minerals Inc., Al Marbaie Est., Saudi Emirates Pulverization Industries Company, AGSCO Corporation, Short Mountain Silica, Al-Rushaid Group, and FINETON Industrial Minerals Limited.

 

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As per a report by Transparency Market Research, the global industrial silica market was evaluated at US$18.75 bn in 2016. Expanding at a CAGR of 6.6% between 2017 and 2025, the market is projected to become worth US$32.98 bn by 2025.

 

The major segments of the industrial silica market depending upon application are sodium silicate, fiberglass, culture marble, additive reinforcing filler, foundry, ceramic frits & glaze, oilwell cements, glass and clay production. Of them, fiberglass held more than 25% of the overall market in 2016 volume-wise. Fiberglass, additive reinforcing filler, and glass and clay applications are anticipated to majorly drive the market over the forecast period.

 

In 2016, Asia Pacific led the market with a share of more than 40% by both revenue and volume. The region was trailed by North America in terms of volume in the same year. The Middle East and Africa and Latin America are expected to collectively hold more than 8% share of the market by 2025.

 

 

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Another prominent growth driver of the industrial silica market is the demand for industrial silica from steel foundries. Industrial silica possesses several beneficial properties such as high purity, chemical inertness, consistent particle size and shape, and compatibility with chemical binders, which is anticipated to boost the demand for industrial silica in the foundry industry. Thus, growth in the foundry industry is serving to boost the industrial silica market.

 


Industrial Silica Market to Perceive Substantial Growth During 2025

Some prominent participants in the market include Premier Silica LLC, International Silica Industries Company plc, Sil Industrial Minerals Inc., U.S. Silica Holdings Inc., Delmon Group of Companies, Adwan Chemical Industries Co. Ltd., Opta Minerals Inc., Al Marbaie Est., Saudi Emirates Pulverization Industries Company, AGSCO Corporation, Short Mountain Silica, Al-Rushaid Group, and FINETON Industrial Minerals Limited.

 

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As per a report by Transparency Market Research, the global industrial silica market was evaluated at US$18.75 bn in 2016. Expanding at a CAGR of 6.6% between 2017 and 2025, the market is projected to become worth US$32.98 bn by 2025.

 

The major segments of the industrial silica market depending upon application are sodium silicate, fiberglass, culture marble, additive reinforcing filler, foundry, ceramic frits & glaze, oilwell cements, glass and clay production. Of them, fiberglass held more than 25% of the overall market in 2016 volume-wise. Fiberglass, additive reinforcing filler, and glass and clay applications are anticipated to majorly drive the market over the forecast period.

 

In 2016, Asia Pacific led the market with a share of more than 40% by both revenue and volume. The region was trailed by North America in terms of volume in the same year. The Middle East and Africa and Latin America are expected to collectively hold more than 8% share of the market by 2025.

 

 

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Another prominent growth driver of the industrial silica market is the demand for industrial silica from steel foundries. Industrial silica possesses several beneficial properties such as high purity, chemical inertness, consistent particle size and shape, and compatibility with chemical binders, which is anticipated to boost the demand for industrial silica in the foundry industry. Thus, growth in the foundry industry is serving to boost the industrial silica market.

 


Mannosylerythritol Lipids Market to Perceive Substantial Growth During 2024

 

Mannosylerythritol lipids (MEL) are surface active compounds that fit into the glycolipid class of biosurfactants. These are used extensively in commercial and industrial applications. Mannosylerythritol lipids have gained momentum due to their structural diversity and self-assembling properties. They are shaped by pseudozyma species as a chief component, while the ustilago species produces them as a minor element. Mannosylerythritol lipids can substitute their synthetic counterparts since they are derived from renewable feedstock and have improved efficiency and quality. Additionally, they have greater dispersing, emulsifying, and frothing properties and are highly effective in extreme salinity, a range of ph, and varied temperatures.

 

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The global mannosylerythritol lipids market has developed steadily, with North America and Europe being the largest markets. Mannosylerythritol lipids offer superior biodegradability and reduced toxicity. These are also available at low costs. However, competitiveness remains a major factor for the production of mannosylerythritol lipids. Optimized cultivation conditions and novel innovative techniques have allowed companies to yield mannosylerythritol lipids on a profitable scale and reap advantages of green biosurfactant technology.

 

Applications of mannosylerythritol lipids include oilfield chemicals, personal care, food processing, household detergents, industrial, agricultural chemicals, institutional cleaners, and textiles. Household detergents is the major application area of mannosylerythritol lipids. New application areas are being discovered constantly. Rising concern about the use of synthetic surfactants in detergents is anticipated to boost the demand for mannosylerythritol lipids, particularly due to their low toxicity. These lipids are also employed in the pharmaceutical industry. Their flexible biochemical functions include anti-tumor activity against human leukemia cells and mouse melanoma cells. Furthermore, they can be utilized in the treatment of schizophrenia, dopamine metabolic dysfunction diseases, and microbial infections. Mannosylerythritol lipids are also employed in the preparation of anti-agglomeration agents of ice-water slurry and lectins such as Immunoglobulin G.

 

Increasing demand for environment-friendly products and favorable regulatory outlook in developed economies are some of the key factors driving the mannosylerythritol lipids market. Many synthetic surfactants pose risks to the environment owing to the harmful chemical compounds they contain and their incomplete degradation in soil and water. Synthetic surfactants are reported to cause long-term adverse effects. On the other hand, bio-based products degrade easily and do not harm the environment. Consumer preference for bio-based products is rising, especially in emerging economies of Asia Pacific. This is propelling the mannosylerythritol lipids industry. However, high price of mannosylerythritol lipids compared to their plant-derived and synthetic counterparts could hamper market growth. Application of mannosylerythritol lipids in bioremediation and enhanced oil recovery provide significant opportunities for the growth of the market in the next few years.

 

North America and Europe are anticipated to dominate the global mannosylerythritol lipids market in the near future. Europe is likely to account for the major share of the overall market during the forecast period. Increasing awareness, stringent government regulations, and rising demand for bio-based products are some of the key factors for the high penetration of mannosylerythritol lipids. The market in Asia Pacific is expected to witness considerable growth due to increasing awareness regarding bio-based products. Countries such as China and India have well-established agriculture, textiles, personal care, and pharmaceutical industries. This is likely to augment the demand for mannosylerythritol lipids during the next few years. Latin America and Middle East & Africa hold smaller market share due to higher production cost and lower consumer awareness.

 

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Key players operating in the mannosylerythritol lipids market include Kanebo Cosmetics Inc., Agae Technologies, LLC, Jeneil Biotech Inc., Soliance, Saraya Co. Ltd., and Ecover.

 



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