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Showing posts from February, 2015

The Global Market for Renewable Chemicals is Projected to Reach US$73.8 Billion by 2020

Increasing Demand for Healthier, Greener & Cleaner Products Drives the Global Renewable Chemicals Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Renewable Chemicals. The global market for Renewable Chemicals is projected to reach US$73.8 billion by 2020, driven by the rising focus on reducing carbon emissions, and increasing demand for healthier, greener, and cleaner products.
Renewable chemicals are chemicals produced from renewable feedstocks such as animal, municipal, household, horticultural, and agricultural waste. Bio-based chemicals are expected to bring a revolution in the way modern day wastes are managed. Green chemistry is eliciting massive interest among investors, technology experts, developers, regulatory authorities, consumers, and corporations. Future growth in the market will be driven by the rapid depletion of traditional sources of fossil fuel. The market’s shift towards renewable s…

The Global Market for TRT is Projected to Reach US$6.5 Billion by 2020

Increase in Treatment Options Drives the Testosterone Replacement Therapy Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Testosterone Replacement Therapy (TRT). The global market for TRT is projected to reach US$6.5 billion by 2020, driven by the aging male population, increasing awareness, and growing availability of convenient and efficacious treatment options.
The market for Testosterone Replacement Therapy (TRT) is witnessing healthy growth, supported by the growing base of aging men worldwide. The launch of topical gel formulations at the turn of the century has been a significant milestone in the evolution of the TRT market. The market since then has witnessed the development of several gel based products with varying efficacy levels. High prevalence of low testosterone among men and low penetration levels of TRT together, offer tremendous potential for growth. Rising awareness, wider product and t…

The Global Market for Machine Tools is Projected to Reach US$140.5 Billion by 2020

Recovery in the Global Manufacturing PMI Drives Demand for Machine Tools, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Machine Tools. The global market for Machine Tools is projected to reach US$140.5 billion by 2020, driven by the steady recovery in the global Purchasing Managers Index (PMI).
The global market for machine tools is forecast to witness growth spurred by the promising recovery of the global manufacturing industry. In the United States, the manufacturing sector is witnessing growth supported by the gains in GDP, and the “No Budget, No Pay Act of 2013”, which allows the US treasury to borrow funds as required to keep the government in action. With no political standoffs on the debt issue expected in the future, the fiscal cliff drama is receding into the background eliminating the threat of debt default, and leaving the US economy to borrow, expand, and create new employment opportunities. Domestic…

The Global Market for Footwear is Projected to Reach US$371.8 Billion by 2020

New Design Trends and Rising Discretionary Spends Spur Growth in the Global Footwear Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Footwear. The global market for Footwear is projected to reach US$371.8 billion by 2020, driven by new design trends and rising discretionary spending among the expanding base of middle class population.  
The global footwear market is witnessing steady growth driven by the introduction of new fashion elements in footwear components. The growing focus on effective product differentiation in the relatively mature footwear industry is a key factor driving new design trends. The ability of footwear to transform an outfit makes it an important clothing accessory. Fashion pulse in the footwear industry in changing rapidly in sync with changing consumer preferences. Changing perceptions of footwear among various customer groups, increasing awareness over eco-footwear, demand for pe…

The Global Market for Laser Systems is Forecast to Reach US$15.9 Billion by 2020

Expanding Applications Drive the Global Laser Systems Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Laser Systems. The global market for Laser Systems is forecast to reach US$15.9 billion by 2020, driven by expanding end-use applications.
As one of the most important inventions of the 20th century, laser technology has changed modern lives and still continues to remain at the forefront of numerous new technology breakthroughs in the 21st century. Defined as optical light amplification through stimulated emission of electromagnetic radiation, lasers are today widely used in several scientific, military, medical, industrial and commercial applications. The ubiquity of lasers can be put into perspective by the fact that the technology today impacts every aspect of life from medicine, manufacturing, communications, measurement, research & analysis to entertainment. The manufacturing industry represents …

The Global Market for Coatings is Projected to Cross 14.9 Billion Gallons by 2020

Innovative Coating Solutions & Improving Construction Activity to Drive Demand for Coatings, According to a New Report by Global Industry Analysts, Inc. GIA announces the release of a comprehensive global report on Coatings. The global market for Coatings is projected to cross 14.9 billion gallons by 2020, driven by improving construction activity, and innovative development of eco-friendly coatings.
Defined as a material that helps protect surfaces in addition to providing aesthetic appeal, coatings today find widespread use in industries ranging from construction, furniture, steel, automotive to paper, paperboard and electronics. Demand for coatings is heavily reliant on the health of the end-use industries, where the investment climate is in turn a function of several macro-economic factors. The recovery in the world construction sector is expected to drive demand for architectural coatings. The growing focus on energy efficiency and eco-friendliness, as indicated by the growing…

The Global Market for Electric Motors is Projected to Reach US$121 Billion by 2020

Strong Demand for Electric Vehicles Spurs Demand for Electric Motors, According to a New Report by Global Industry Analysts, Inc GIA announces the release of a comprehensive global report on Electric Motors. The global market for Electric Motors is projected to reach US$121 billion by 2020, driven by the growing global activity in the electric vehicle industry. The global electric motors market is expected to witness growth supported by the increase in automobile production and increase in the number of motors per car. Automotive motors are used in vehicle powertrain systems, chassis, and in internal/external comfort and safety fittings. The growing popularity of vehicle features such as motorized seats, doors, sun-roof systems, wipers, massage seats and adjustable mirrors, are helping drive demand for electric motors, especially brushless direct current (BLDC) motors. The ongoing replacement of solenoid valves with motorized variants will additionally spur opportunities for demand gr…

The Global Market for Marine Biotechnology is Projected to Reach US$4.8 Billion by 2020

Rising Focus on Environmental Sustainability Drives Growth in the Global Marine Biotechnology Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Marine Biotechnology. The global market for Marine Biotechnology is projected to reach US$4.8 billion by 2020, driven by the rising global focus on environmental sustainability and the ensuing increase in investments in marine biotechnology research.
Marine biotechnology is a discipline with huge potential, given the vast biodiversity of life in the oceans. Development of marine-derived extracts and compounds has the capability to significantly impact the field of cosmetics, pharmaceuticals, fine chemicals, nutritional supplements, and agrichemicals, among others. By studying marine organisms and resources, marine biotechnology seeks to provide potential solutions to address challenges related to food security, healthcare, industrial activities, environmental sustain…

The Global Market for Insulation is Projected to Reach US$44 Billion by 2020

Growing Thermal & Acoustic Insulation Needs Drives the Global Insulation Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Insulation. The global market for Insulation is projected to reach US$44 billion by 2020, driven by the growing need for thermal and acoustic insulation in housing and commercial buildings. 
The global market for insulation is witnessing steady growth driven by the recovery in new residential and non-residential construction activity in the emerging markets and increasing building renovation and upgrade projects in developed countries. Retrofitting insulation generates a major chunk of revenues in the North American and European markets. Other factors driving growth in the market include governmental emphasis on reducing energy consumption, and legislation of new building codes. Also benefiting growth are technology developments focused on improving the strength, durability and ener…

The Global Airway Management Devices Market is Forecast to Reach US$980 Million by 2020

Rising Global Surgery Volume Drives the Airway Management Devices Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Airway Management Devices. The global Airway Management Devices market is forecast to reach US$980 million by 2020, driven by the rising volume of surgical procedures performed on the elderly. 
The global airway management devices market is witnessing growth, driven by factors such as aging population and increasing volume of global surgical procedures. Airway management is indispensable in the practice of anesthesiology.  Both endotracheal intubation and external laryngeal manipulation are critical in emergency care. Airway management in cardiopulmonary resuscitation is growing in popularity, given the rising incidence of sudden cardiorespiratory arrest among the aging population. Recent advances in video-enabled technology have transformed airway management into a high-margin business. Deman…

The Global Medical Fiber Optics Market is Poised to Reach US$1.1 Billion by 2020

Growing Patient Preference for Minimally Invasive Surgeries Drives the Medical Fiber Optics Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Medical Fiber Optics. The global Medical Fiber Optics market is poised to reach US$1.1 billion by 2020, driven by growing patient preference for minimally invasive surgeries.
The rapidly aging world population is spurring demand for colonoscopies, orthopedic implants, bariatric surgeries, and gastrointestinal endoscopy. All of these procedures require the use of endoscopes and other medical instruments which utilize medical fiber optics. Endoscopes represent the largest end-use market for medical fiber optics, supported by the growing popularity of minimally invasive surgeries. Miniaturization of medical instruments is a key trend encouraging the use of small and efficient optical fibers. The introduction of High Definition (HD) systems is expected to accelerate the us…

The Global Market for Farm Tractors is Projected to Reach US$50.1 Billion by 2020

Agricultural Mechanization in Developing Countries Drives Demand for Farm Tractors, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Farm Tractors.The global market for Farm Tractors is projected to reach US$50.1 billion by 2020, driven by agricultural mechanization in developing countries.
Tractors are the ‘workhorse’ of agriculture and represent the most versatile farming equipment. The global market for farm tractors is expected to witness growth supported by the trend towards agricultural mechanization in developing countries. The pressure on farmers to increase agricultural yield is a key factor driving the mechanization trend. Other factors driving the trend include improved availability of credit to farmers, shortage of skilled labor supply and attractive government subsidies on farming equipment. The long-term outlook for the market remains positive, guided by factors such as, growing population, increasing…

The Global Market for Outdoor Advertising is Projected to Reach US$50.7 Billion by 2020

Rising Popularity of Digital Outdoor Advertising Drives the Global Outdoor Advertising Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Outdoor Advertising. The global market for Outdoor Advertising is projected to reach US$50.7 billion by 2020, driven by the growing popularity of digital platforms for out-of-home advertising.
The global market for outdoor advertising is driven by the growing replacement of traditional static billboards and posters with digital signage. Technology developments and launch of innovative displays such as wraps and wallscapes are benefiting demand patterns in the market. Oversized digital billboards are expected to dominate the market, given their ability to attract audience attention. Commercial grade, large screen digital displays for non-consumer applications are witnessing growth encouraged by falling prices. Video-wall systems featuring wall-sized display screens provide …

The Global Market for Iris Biometrics is Projected to Reach US$1.8 Billion by 2020

Technology Advances & Expanding Applications Drive the Global Market for Iris Biometrics, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Iris Biometrics. The global market for Iris Biometrics is projected to reach US$1.8 billion by 2020, driven by effervescent technology advancements and growing use in access, surveillance and identity applications.
Iris biometrics is a contactless biometric technology that analyzes colored patterns of the iris unique to each individual, for identification. The growth in the iris biometrics market is driven by strong adoption of the technology in immigration and travel security and in physical access control applications. Mandatory checking of traveler credentials for establishing their identity creates significant demand for iris recognition in travel and immigration control. Future growth in the market will be driven by the successful use of the technology in healthcare, na…

The Global Market for Automotive Aftermarket Appearance Chemicals is Projected to Reach US$4.6 Billion by 2020

Consumer Focus on Appearance Care Boosts Demand for Automotive Aftermarket Appearance Chemicals, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Automotive Aftermarket Appearance Chemicals. The global market for Automotive Aftermarket Appearance Chemicals is projected to reach US$4.6 billion by 2020, driven by the growing consumer focus on appearance care, and the desire to preserve the resale value of vehicles.
The large global base of vehicle fleet is expected to benefit demand for automotive aftermarket appearance chemicals. Growth in the world's vehicle fleet can be put into perspective by the fact that the transportation industry currently accounts for over 50% of the world’s oil production, most of which is consumed in the form of motor fuel. Given that the vehicle fleet size is directly proportional to the population of a region, China and India which are already the most important automotive markets i…

The Global Market for Data Warehouse Management Software is Projected to Reach US$16.3 Billion by 2020

Growing Emphasis on Business Intelligence Drives Demand for Data Warehouse Management Software, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Data Warehouse Management Software. The global market for Data Warehouse Management Software is projected to reach US$16.3 billion by 2020, driven by the growing enterprise emphasis on business intelligence.
The growing significance of Business Intelligence (BI) is benefiting the market for data warehousing software. As a critical vehicle for delivering business intelligence, data warehousing enables consolidation of data from multiple sources with the aim of supporting tactical and strategic decision making. Data warehousing tools allow decision makers to send online queries and mine data critical in decision making. The data warehouse platform is the vital backbone that supports business intelligence and decision support systems. The need to integrate BI with other enter…