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Showing posts from May, 2019

Busy Aircraft Production Line Keeps Global Demand for Aerospace Fasteners Ticking

The global market for Aerospace Fasteners is projected to reach US$7.7 billion by 2025, driven by healthy production of commercial aircraft supported by new orders from Asia-Pacific coupled with high order backlogs among international OEMs.
Mechanical fastening devices such as bolts, nuts, screws, rivets or nails, that affix or join together two or more objects, are of high significance as they are the critical components that define the integrity and longevity of structures. The aerospace fasteners industry evolved alongside the aerospace industry which witnessed a continuous development of aircraft from commercial, shipping, military and business airplanes to highly advanced ballistic missiles and rockets. Fasteners are required to be highly durable to withstand extreme gravitational pressures when in air. Although fasteners account for just 3% of the total airplane manufacturing cost, they cannot be overlooked because of their small size, as the safety and efficiency of an aircraft…

Stringent Safety Regulations & Adherence to Fire Safety Best Practices to Spur Growth in the Global Passive Fire Protection Coatings Market

The global market for Passive Fire Protection Coatings is projected to reach US$5.4 Billion by 2025, driven by wider adoption of best construction practices and building codes amid growing number of fire accidents and their destructive impact on property and life. Market growth is also driven by availability of lightweight, fast-drying, and high-performance intumescent coatings for containing cellulosic and hydrocarbon fires in construction, refinery, automotive, aerospace, and marine applications. 
Passive fire protection (PFP) coatings are a type of reactive, passive fire protection materials which when used on structural elements prevent, control and/or delay fire from spreading. These materials are applied to provide ample time to escape the building in case of a fire accident, preventing the fanning of flames to adjacent buildings and spaces, enhancing the safety of rescue personnel and delaying collapse of the core structure/foundation of the building. Increasing urbanization, g…

“More Than Meets the Eye” Importance Attached to Sleep Quality in View of its Central Role Played in Influencing Long-Term Health & Well Being to Spur Growth in the Mattresses Market

The global market for Mattresses is projected to exceed US$51 billion by 2025, driven by the growing awareness over the health benefits of good sleep quality against the backdrop of increasing number of evidence based research studies linking poor sleep quality with increased health disorders. 
A mattress is a large padded case, usually stuffed with soft material such as cotton, straw or foam and bound by a coverlet or some form of weaving. Given the high significance of sleep in the overall well-being of humans, mattresses play a vital role in ensuring comfortable sleep and overall health for individuals of all age groups. Rising awareness about the benefits of improved sleep, growth in the specialty mattress segments and lucrative consumer demographics continue to drive gains in the global mattress market. Rising incidence of lifestyle induced sleep disorders constitute a major reason for consumers willing to pay a premium price for quality mattress, particularly one which offers th…

Myriad Benefits Ranging from Cost Reduction to Process Efficiency Drive Demand for Business Process Outsourcing Services

The global market for Business Process Outsourcing (BPO) is projected to reach US$332.5 billion by 2025 driven by the increased demand for outsourcing services from corporate entities seeking to enhance productivity, reduce costs, optimize resource utilization, and transform business operations. World BPO market is also driven by ongoing adoption of new generation technologies such as Automation, Big Data, Cloud BPaaS/Cloud, and Analytics in BPO service infrastructure.
Business Process Outsourcing (BPO), a smaller part of outsourcing, relates to contracting of specific roles, operations and business functions to third party service providers. BPO, generally classified into back office outsourcing comprising internal business functions such as accounting and finance or human resources, and front office outsourcing consisting of contact center services, offers better utilization of resources, improved productivity, and cost efficiencies. Globalization and technology, transforming the man…

Increasing Demand for Non-Surgical & Cost Effective Oncology Treatments to Drive the Global Radiation Therapy Equipment Market

The global Radiation Therapy Equipment market is projected to reach US$10.6 billion by 2025, driven by the epidemic spread of cancer across the world, growing preference for non-surgical cancer treatment options, and increased R&D focus on the development of sophisticated, cost effective and efficient cancer treatment equipment.
Cancer has emerged as one of the most critical health issues confronting the world. As per the World Health Organization (WHO), cancer is among the leading causes of mortality as well as morbidity across the world. More than 18 million new cases of cancer are diagnosed each year, with the risk level higher among the world’s aging population. Changing lifestyles and dietary habits, physical inactivity, tobacco consumption, and environmental exposures are contributing to sustained increase in incidence of cancer not just in developed countries but also in developing economies. With cancer incidence expected to reach 25 million by 2030, there is increased dem…

Expanding Applications & Development of New and Improved Products to Drive the Global Technical Textiles Market

The global Technical Textiles market is projected to reach US$223.8 billion by 2025, driven by expanding range of applications and development of new and advanced technical textiles. Textile industry dynamics around the world have been significantly influenced by the globalization of business activities and the outsourcing phenomenon. The growing need to improve effectiveness and enhance efficiency of the textile industry operations has led to the development of new and more effective textiles including technical textiles. The superior functional characteristics and technical performance offered by the product are enabling technical textiles to gain prominence in the overall textiles industry. Technical textiles are textiles with functionalities such as filtration, resistance, conductivity, flexibility, strength, lightness and reinforcement among others. The superior strength, weatherability, durability, technical performance and versatility of technical textiles compared to tradition…

Growing Risk of Cardiovascular Disease Amid Surge in Obesity, Diabetes and Hypertension Cases Drives the Global Cholesterol Testing Market

The global market for Cholesterol Screening and Lab Testing Services is projected to reach US$18.8 billion by 2025, driven by rising prevalence of Cardiovascular Diseases amid growing incidence of obesity, diabetes, and hypertension, and ageing population. Cholesterol is a naturally occurring white crystalline lipid that is generally present in human body. Synthesized by the liver, cholesterol plays a crucial role as a vital constituent of cell membranes and is required for the production of steroid hormone and bile acids. Although, cholesterol is vital for proper functioning of the body, excess levels of cholesterol, found mainly as low-density lipoprotein (LDL), pose a health risk. Also known as ‘bad’ cholesterol, LDL is a known risk factor for cardiovascular diseases (CVDs) such as coronary heart disease, rheumatic heart disease, stroke and high blood pressure (hypertension). Given the fatal impact of CVDs, cholesterol screening tests are a compulsion for people deemed to be at ris…

Increasing Efforts to Prevent Nosocomial Infections to Drive the Disposable Medical Gloves Market

The global market for Disposable Medical Gloves is projected to reach US$8.8 billion by 2025, driven by increasing cases of hospital acquired infections, growing awareness, mounting regulatory pressure, and technological advances. Disposable medical gloves have an irreplaceable role in the healthcare environment in preventing spread of nosocomial infections between patients and doctors as well as other healthcare professionals. Despite being largely a commodity, the criticality of medical gloves continues to rise in wake of growing spread of infectious diseases, increasing incidence of hospital-acquired infections, and growing awareness on safety. Aging population; growing awareness of sanitation, hygiene and protection; and evolving regulations on safety are some of the other factors driving growing use of disposable medical gloves in major markets worldwide. Increasing support from research that upholds the efficacy of gloves as compared to other products in combating spread of infe…

Technology Developments and Expanding Application Areas Drive the Global High Speed Steel Metal Cutting Tools Market

The global market for High speed steel (HSS) Metal Cutting Tools is forecast to reach US$10.2 billion by 2025, driven by stable automotive and aircraft production, niche opportunities emerging from expanding application areas, promising prospects from heavy equipment/machinery manufacturing industry, and technology developments & product enhancements.
High speed steel (HSS), representing one of the established materials for manufacture of high-performance metal cutting tools, continues to attract the cutting tools manufacturers with its top-class attributes of high wear and tear resistance, superior hardness and toughness, best-in-class fracture and fatigue resistance, and high-grade adhesive/abrasive wear toughness. Made using a combination of high-performance specialty steel and toughness and hardness enhancing alloying metals such as vanadium, tungsten, molybdenum and chromium, HSS is widely used in a broad range of cutting tools including drill bits, reamers, taps, gear cutter…