Waterborne Coatings Market - Global Outlook and Forecast 2021-2026 - Arizton
THE GLOBAL WATERBORNE COATINGS MARKET SIZE WAS VALUED AT USD 78 BILLION IN 2020 AND IS EXPECTED TO REACHUSD 105 BILLION IN 2026, GROWING AT A CAGR OF 5% DURING THE FORECAST PERIOD
WATERBORNE COATING INDUSTRY INSIGHTS
The global waterborne coatings market size was valued at USD 78 billion in 2021 and is expected to reach USD 105 billion in 2026, growing at a CAGR of 5% during 2021-2026. The Asia Pacific region is expected to witness the highest incremental growth of 37% from 2020–2026.
The market is expected to witness traction in 2021 after the decline in 2020 due to the COVID-19 pandemic. The market has been highly affected by the coronavirus breakout due to variations in construction businesses and raw material pricing, production of raw materials, and implementation of lockdowns. Increasing pricing pressures and shortage of labor in many countries impacted construction and infrastructure development activities. However, the effects are expected to short-term in nature. The APAC market is likely to observe the highest growth due to increasing construction and infrastructure activities during the forecast period. In terms of value, China expects to be the largest contributor due to increased investment in construction, marine, and oil & gas industries, rapid industrialization, and foreign investments. The industry is shifting toward environmental friendliness with water-borne paint and industrial coating products containing water as the solvent to dissolve resins, making them sustainable and easy-to-apply solutions. Moreover, advances in coating technology and stringent regulations toward VOCs have fueled the adoption of water-borne coatings products.
The global waterborne coatings market share expects to grow because of the growth in the construction sector, infrastructure development, automotive industry, packaging industries.
Acrylic resins are likely to reach a market share of over USD 24 billion by 2026 as they have excellent UV-resistant and weather-resistant properties.
Architectural waterborne solutions are likely to observe an incremental growth of over approx. USD 20 billion by 2026.
The global packaging waterborne coatings market is likely to reach over USD 3 billion by 2026 due to increased metal packaging application in food preservation.
The APAC waterborne coatings market is projected to observe an incremental growth of over USD 11 billion by 2026 due to increased foreign direct investments in commercial infrastructure development.
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Femtech Market - Global Outlook and Forecast 2021-2026 - Arizton
FEMTECH MARKET SIZE TO REACH USD 75.74 BILLION BY 2026, GROWING AT A CAGR OF 13.32% DURING 2021-2026
FEMTECH INDUSTRY INSIGHTS
The global femtech market size to reach around USD 75.74 billion by 2026, growing at a CAGR of over 13.32% during the forecast period. The healthcare market is entering the era of digital innovation as patients seek on-demand healthcare. It is estimated that 80% of women spend on health products and make 90% of household decisions on health issues. Developers in healthcare have introduced female technology, which is broadly termed femtech. The usage of medical apps is increasing as it creates health awareness, health coaching, and medication management to technology-enabled solutions for accurate screening and diagnosis of chronic diseases; femtech applications covers major areas of healthcare. Healthcare professionals are in the pipeline to create better workflows using artificial intelligence-powered systems. With the wide acceptance of digital transformation in the healthcare market, several femtech companies focus on collecting their health data from medical devices, including wearable technology. As most of the technologies are implemented in femtech products, the rise in demand for these solutions can enhance the market’s growth.
Femtech applications are developed to be smart personal assistants for women and help track vital stats such as maternal health, fertility, menstruation, sexual health, and general wellness. The increasing involvement of women in various sectors is promoting healthcare that can influence the adoption of femtech solutions across the globe. In the recent years, some of the women-established healthcare startups are Thinx, The Food Period, The Female Company, Carrot, Medolac, Maven Clinic, Onna Lifestyle, and many others. Women investing in femtech companies are playing an essential role in promoting the female technology market.
The APAC femtech market is likely to grow with the highest CAGR of over 15% due to the growing focus on female health issues and emerging startups to increase the adoption of digital health technologies among young women.
Based on application, the diagnosis segment is likely to witness the highest incremental growth of around USD 15 billion during the forecast year.
Over the decade, 365 venture capitalist investors have participated in deals with the femtech industry.
76% of the US hospitals connect with patients and consulting physicians at a distance with telehealth services which is significantly increasing the usage of femtech services in the US.
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Thailand Crawler Excavator Market - Strategic Assessment & Forecast 2021-2027 - Arizton
THAILAND CRAWLER EXCAVATOR MARKET SIZE WILL REACH 6,949 UNITS BY 2027, GROWING AT A CAGR OF 7.01% DURING THE PERIOD 2021-2027
THAILAND CRAWLER EXCAVATOR MARKET INSIGHTS
Increasing investment in road construction, housing projects, and Smart Cities projects is expected to spike medium excavators' demand.
Excavators used in the construction industry accounted for the largest share of around 42% due to huge government expenditure on the construction project.
Thailand's crawler excavator market demand is majorly driven by mining activities expected to show significant growth across the country.
Caterpillar strategizes to deliver high-quality power systems and machines by focusing on implementing defect-free initiatives in the country.
Due to the high procurement and maintenance cost of excavators, rentals are preferred by the contractors; thus, the rental segment will rise eventually.
THAILAND CRAWLER EXCAVATOR MARKET - SEGMENTAL ANALYSIS
OEMs are majorly focusing on medium crawler excavators as this range is witnessing major demand in the recent past, and it is further expected to boost during the forecast period.
Thailand crawler excavator market revenue by agriculture is expected to reach USD 76.3 million by 2027, growing at a CAGR of 6.43%.
With the emergence of remote operation of excavators deep down in mines and the advent of 5G technology, the demand for excavators used in mining is expected to boost as it is comparatively safer to operate excavators from a distance.
Thailand’s mini crawler excavator market is expected to reach 2,990 units by 2027, growing at a CAGR of 6.47%.
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Indonesia Crawler Excavator Market - Strategic Assessment & Forecast 2021-2027 - Arizton
INDONESIA CRAWLER EXCAVATOR MARKET SIZE WILL REACH UNIT SALES OF 11,944 UNITS BY 2026, GROWING AT A CAGR OF 6.55% DURING THE PERIOD 2018-2027
INDONESIA CRAWLER EXCAVATOR MARKET INSIGHTS
Excavators used in mining industry accounted for the largest share of 40.9% in total unit sales for the year 2020 followed by construction industry 34.7%.
The government has proposed a package worth USD 47.8 billion to help offset the economic effects of COVID thereby, helping the excavator market in Indonesia to revive.
Demand for crawler excavators fell by 9% in 2020, but unit sales are projected to recover to pre-covid levels by 2023, assuming geopolitical stability.
Indonesia crawler excavator shows promising growth due to increased government and private investment in mining and construction projects and increased investment in agricultural infrastructure such as warehousing, irrigation facilities and cold storage.
By 2024-2025, the Government of Indonesia is planning to invest around USD 430 billion on infrastructure projects creating lucrative opportunities for crawler excavator distributors.
Global Metal producers have their sights on the Country’s nickel reserves due to corresponding demand from the Electric Vehicles industry. Sumitomo Metal Mining of Japan planned to spend USD 2.8 billion in Indonesia to develop a High-Pressure Acid Leach (HPAL) nickel smelter which to produce high-quality metal which in turn will boost nickel mining and related demand for mining equipment such as crawler excavators
Vendors’ ability to finance the procurement of parts and components required to manufacture and operate excavators, is influenced by the purchasing power of contractors.
The COVID-19 outbreak delayed the implementation of a host of infrastructure projects until 2021, including the construction of Sp Tohpati-Tjokroaminoto Bridge, the Baro Raya Irrigation Network in Aceh, and the Way Sekampung Dam. Phase 2 of the Jakarta Mass Rapid Transit System work (from the Hotel Indonesia Roundabout to the National Monument) was also delayed for months.
More than USD 430 billion will be spent across hundreds of projects. Around 25 new airports are in the pipeline, as are power plants, waste-to-energy facilities, and lots of mass transit projects.
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Cordless Power Tools Market - Global Outlook and Forecast 2021-2026 - Arizton
THE GLOBAL CORDLESS POWER TOOLS MARKET SIZE TO REACH USD 26.29 BILLION IN 2026, GROWING AT A CAGR OF 10.54% DURING THE PERIOD 2020–2026
CORDLESS POWER TOOLS INDUSTRY INSIGHTS
The global cordless power tools market size was valued at USD 14.4 billion in 2020 and is expected to reach USD 26.29 billion in 2026, growing at a CAGR of 10.54% during the forecast period. APAC is the fastest-growing market for cordless power tools and is expected to grow at the highest CAGR during the forecast period.
Rapid industrialization and increasing applications in household and commercial sectors are primarily driving the cordless power tools market growth. These tools are used mainly in automobile, aerospace, construction, electronics, and shipbuilding industries. They also have several household applications such as removing paint, soldering wire, and thawing pipes. The increased demand for Lithium-ion batteries and the rise in infrastructural developments surge the demand for these tools. The extensive use of battery-driven tools has increased the use of cordless power tools. The ban of NiCd batteries in power tools has increased the application of lithium-ion batteries in these tools. Furthermore, the proportion of cordless tools has increased in smaller power tools categories such as angle grinders, circular saws, and reciprocating saws.
Drillers and fastening tools expect to reach USD 6,149.04 million by 2026, growing at a CAGR of 8.49%.
The increased application of precision parts and the surge in global consumer traffic are expected to drive cordless power tools from the aerospace industry.
APAC is the fastest-growing market for cordless power tools and is expected to grow at a CAGR of 12.34% during the forecast period.
Innovations in battery technology have made Lithium-ion a preferred choice for electronic appliances.
The global demolition hammers market is likely to USD 1,880 million by 2026 as they accomplish cutting and demolishing hard materials.
The industrial end-user segment expects to generate incremental revenue of USD 8.23 billion during the forecast period.
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U.S. Food and Beverage Process Engineering Services Market - Industry Outlook & Forecast 2021-2026 - Arizton
U.S. FOOD AND BEVERAGE PROCESS ENGINEERING SERVICES TO REACH REVENUE OF USD 3.79 BILLION BY 2026, GROWING AT A CAGR OF 5.36% DURING THE PERIOD 2021-2026
U.S. FOOD AND BEVERAGE PROCESS ENGINEERING SERVICES INDUSTRY INSIGHTS
The U.S. food and beverage process engineering services market size to reach revenue of USD 3.79 billion by 2026, growing at a CAGR of 5.36% during the forecast period. The food processing plants in the US are witnessing a renewed investment as these facilities are willing to modernize the existing facility to remain competitive. F&B industry is one of the largest energy-consuming industries in the US. Services specializing in energy management are expected to be in the limelight during the forecast period. Organizations can effectively address it by designing and developing simple and accountable measures to reduce the carbon footprint and environmental impact. The adoption of artificial intelligence is offering accurate and reliable results for packaging lines with greater consistency.
In 2020, with a high concentration of meat processing and beverage industries, the Midwest region accounted for the largest share of 31.68% in the US F&B process engineering services market. Players can gain growth opportunities in Southern US, especially in Central South Carolina, where the food production facilities move from the fields to complex and integrated manufacturing facilities. The change in customer preferences towards smart manufacturing practices like automation enables the growth of the U.S. food and beverage process engineering services market share.
The scope for plant-based foods is gaining momentum along the frozen foods segment during the pandemic paving new opportunities for F&B companies to explore. Post the pandemic, the significance of digitalization is expected to strengthen the F&B facilities that will aid the transition towards more resilient, data-driven, sustainable, and transparent food systems. The future of U.S. food and beverage process engineering services is highly oriented towards innovations in automation technology, including IoT and Industry 4.0.
With the development and implementation of data analytics as a tool, the established F&B companies leverage prescriptive analytics and artificial intelligence.
The private label pet foods and the natural segment is expected to witness high growth prospects in the U.S. food and beverage process engineering services market.
It was estimated that more than 80% of the sustainable F&B facilities in the U.S. leverage data collected from smart sensors and devices to enhance the decision-making process.
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Europe Data Center Colocation Market - Industry Outlook & Forecast 2021-2026 - Arizton
EUROPE DATA CENTER COLOCATION MARKET SIZE TO REACH USD 8.21 BILLION BY 2026, GROWING AT A CAGR OF 5.61% DURING THE PERIOD 2021-2026
EUROPE DATA CENTER COLOCATION INDUSTRY INSIGHTS
Europe data center colocation market size to reach USD 8.21 billion by 2026, growing at a CAGR of 5.61% during the forecast period. The data center colocation market in Europe is an attractive market, with data centers offering a higher Return on Investment (ROI) than other commercial and industrial properties. In 2020, the outbreak of the COVID-19 pandemic created a huge demand for cloud-based services, with the majority of the workforce shifting to remote working in Europe. The need for colocation services led to the strong utilization of existing data center space. The continuous adoption of cloud services among SMEs, with the rising interest in the digital transformation of businesses by adopting IoT, big data, and artificial intelligence, will be significant drivers for the growth of the colocation market. Governments across the region are reducing electricity prices and electricity taxes to attract data center operators to invest in their countries.
The European data center colocation market is witnessing significant investments in submarine cable projects from service providers such as Google, Facebook, and Microsoft. The increase in colocation providers involved in expanding existing capacity will continue to drive the market revenue during the forecast period. The European colocation market is also witnessing increasing investments from operators through mergers and acquisitions and joint ventures. The market witnessed the merger of Interxion and Digital Realty in Q1 2020, which was among the largest deals in the European data center colocation market. Equinix partnered with GIC, a Singapore-based sovereign wealth fund, to invest USD 1 billion in developing xScale data centers across Europe. In July 2020, Stratus DC Management, a member of the EXS Capital Group (EXS), entered a strategic partnership with Cromwell Property Group to develop new facilities across Europe.
Ericsson, Verizon, Huawei Technology, and Nokia are among the major network infrastructure providers that have provided 5G network installation infrastructure in the region.
The construction of projects with an area of 100,000 square feet by hyperscale operators and colocation service providers has grown significantly. The Western Europe data center colocation market by area is expected to reach USD 4.14 million square feet in 2026.
The adoption of 5G network is likely to add nearly USD 20 billion to the UK’s economy annually by 2025.
About 86% of the data centers under the Dutch Data Center Association (DDA), representing 91% of the Netherlands market, use green energy sources to power their facilities, expected to rise to 92% green energy sources in 2025.
Echelon Data Centres is a new market entrant in Ireland and opens wholesale colocation spaces through its Clondalkin Data Center.
Thermal power, wind energy, and hydropower are the major sources of energy in the Norwegian market. About 98% of Norway’s energy production is renewable.
Moscow accounts for up over 65% of overall data center space in Russia. However, multiple smaller data center projects with a floor area of less than or equal to 10,000 square feet.
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The global mini-LED market to reach grow at a CAGR of 73.28% to US$1,063.574 million in 2026 from US$39.290 million in 2020.The global mini LED (light emitting diode) market is set to witness mounting growth in the coming years, as a result of increasing popularity of LED TVs and the emergence of new market opportunities in the Asia Pacific region. The market is primarily driven by trends in the consumer electronics industry - increasing demand for LED-based TVs, laptops, and smartphones
U.S. Smart Lock Market - Industry Outlook & Forecast 2021-2026 - Arizton
U.S. SMART LOCK MARKET SIZE TO REACH USD 1,497.96 MILLION IN 2026, GROWING AT A CAGR OF 11.98% DURING THE PERIOD 2020–2026
SMART LOCK INDUSTRY INSIGHTS
The U.S. smart lock market size to reach USD 1,497.96 million in 2026, growing at a CAGR of 11.98% during the period 2020–2026. Increasing safety concerns, growing home automation, rising awareness of IoT, and growing industrial and commercial sectors will boost the U.S. smart lock market growth.
Millennials in the United States are highly inclined toward home automation and are willing to pay a premium for advanced products. With the increased internet and smartphone penetration, the smart lock market is likely to observe considerable growth during the forecast period due to the high adoption of these intelligent technologies in several end-users such as educational institutions, hospitals, government offices. Moreover, to prevent invasion and unauthorized access, the market is likely to observe a substantial expansion in demand from households. Smart city initiatives by the US government and the growing focus on adopting intelligent technology for better living standards, provide huge growth potential to innovative lock vendors.
Over four-fifths of millennials are likely to pay an additional 20% of capital for smart apartments.
Over 50% of the Gen Y population likely to pay additional capital on buildings with smart door locks and high-end security and automation solutions.
In 2020, the deadbolt lock segment generated the highest demand, accounting for over 31% of market revenue.
The demand for Wi-Fi-enabled smart locks expects to observe the highest growth rate due to increased convenience.
The Northeast region is likely to grow at the highest CAGR during the forecast period due to the increased population, expanding residential sectors, and growing disposable incomes.
The increasing application in end-users such as hospitality and healthcare expects to boost smart locks from the commercial sector.
The US Western region accounts are likely to observe an incremental growth of over USD 197.43 million during 2020–2026.
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Global Organic Yeast Market
Global Organic Yeast Market Size, Insights, Drivers, Opportunities, COVID-19 Impact, By Type (Yeast Extracts, Yeast Derivatives, Inactive Dry Yeast, Nutritional Yeast), By Species (Saccharomyces, Kluyveromyces, Torulaspora, Candida), By Application (Food, Beverage, Nutrition, Feed), By Region, Growth, Trends And Forecast From 2021 To 2027
Market SizeThe global organic yeast market size was valued at USD 365.5 million in 2020 and is estimated to reach a value of USD xx million in 2027. The organic yeast market analysis shows that it will grow with a CAGR of 11.1% over the forecast period of 2021 to 2027.Market InsightFactors such as increasing awareness among consumers about health & wellness, growing need to replace monosodium glutamate (MSG) as an additive in food products, and increased demand for organic food products across the globe is driving the growth of the market.Market DriverThe increased consumer awareness of the benefits of organic food products has resulted in an increase in retail sales of organic food products. The United States is the world's largest consumer of organic food, followed by Europe. Germany, France, and Italy are Europe's largest markets for organic food products. According to a 2017 FiBl report, the organic food market is expanding in countries such as Brazil, Mexico, Chile, and Paraguay. Similarly, the organic sector in the United States is growing as a result of increased consumer demand for organic products, which has enabled them to gain a larger market share. According to a FiBl on Standards and Legislations survey, nearly 93 countries established organic standards in 2018. The number of countries developing organic product regulations and standards continues to grow. The United States, China, France, Germany, and Italy are among the countries with the largest retail markets for organic food products.
Global Industrial Alcohol Market
Global Industrial Alcohol Market Size, Insights, Drivers, Opportunities, COVID-19 Impact, By Type (Ethyl alcohol, Methyl alcohol, Isopropyl alcohol, Isobutyl alcohol, Benzyl alcohol, Others), By Source (Sugarcane & bagasse, Corn, Grains, Molasses, Fossil fuels), By Application (Fuel, Chemical intermediates & solvents, Pharmaceuticals, Personal care products, Food), By Region, Growth, Trends And Forecast From 2021 To 2027
Market SizeThe global industrial alcohol market size was valued at USD 94.2 billion in 2020 and is estimated to reach a value of USD xx billion in 2027. The industrial alcohol market analysis shows that it will grow with a CAGR of 3.9% over the forecast period of 2021 to 2027.COVID-19 Impact AnalysisIn the market, the two of the largest manufacturers of generic, commodity-type products are Cargil Raizen and Green Plains, with MGP Ingredients as a close third competitor. These are present in many parts of the world, Asia, Europe, as well as well as the Americas and the rest of the Pacific. Although COVID-19 had a positive effect on their manufacturing and production, They, however, were not significantly impacted by the disease. The disease did not pose a problem for their industrial products, and their global supply chain, as long as well as a national operations.