Thermal Spray Coatings Market – To Witness Steady Grow, Automotive And Aerospace Applications To Be The Key Market Drivers

According to a recent study by Grand View Research, Inc., the worldwide thermal spray coatings market was valued at about USD 7 billion in 2014. The market is projected to reach around USD 12 billion in 2022. Low toxic gas emissions, protection against corrosion, electrical resistance, and thickness capacity are the main advantages of thermal spray coatings.

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These strengths have led to increased demand for the market. Stringent environmental regulations in the developed regions of North America and Europe are causing consumers to switch from hard chromes to thermal sprays. Technological developments resulting in reduced costs will also fuel the thermal spray coatings market.

These coatings enable aerospace components to withstand extreme temperatures without damage. Augmented demand for civil aviation in the emerging economies of India and China will have a positive effect on the market in the forthcoming years. The global thermal spray coatings market is divided into end-users, applications, products, and regions.

Thermal spray coatings face great demand from the end-use industries of electronics, biomedical, semiconductors, food processing, wear resistant coating, energy, engineering coating, etc. The application industries of aerospace, and automotives mainly steer market sales. Aerospace was the dominant application in 2014.

It accounted for 34% of the total revenues that year. Automotives contributed more than USD 1.1 billion in 2014. The application of industrial gas turbines produced revenues worth about USD 1.7 billion in 2014. Huge demand for gas turbines in tanks, ships, motorcycles, locomotives, and helicopters is anticipated to boost this sector.

Grand View Research, Inc. lists the products of the thermal spray coatings market as metals, polymers, ceramics, intermetallic, and others. Ceramics is estimated to grow at a CAGR of 6.9% from 2015 to 2022. Metals held a revenue share of 22% in 2014. With respect to geographies, North America, with a valuation of USD 2.1 billion, assumed leadership in 2014.

Mexico would witness higher growth in the years to come. This can be ascribed to rising incomes and rapid urbanization in the region. Asia Pacific is expected to generate huge demand for thermal spray coatings in the future. This demand would be propelled by the expanding automotives sector in China and India.

Some key players of the thermal spray coatings market are Air Products & Chemicals Inc., TST Engineered Coating Solutions, and Surface Technology Inc. Metalisation Ltd., Flame Spray Coating Company, and Praxair Surface Technologies are the other players.

Thermal Spray Coatings Market

Information Source: Grand View Research



Compression Therapy Market – Likely To Exceed USD 3 Billion By 2022

In 2014, the compression therapy market collected over USD 2 billion. According to Grand View Research, Inc., the integral market growth factor includes the rising prevalence of diabetes. The market is likely to exceed USD 3 billion by 2022. The symptoms of this disease escalate patients’ need for therapeutic treatments.

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According to International Diabetes Federation, diabetes cases would rise from 366 million in 2011 to 522 million in 2030. The augmenting geriatric population across the world is yet another primary market propelling factor. Also, sports related injuries resulting in target disorders are estimated to boost the compression therapy market.

It is anticipated to undergo significant growth in the coming years. This is also on account of accelerating lymphedema, and venous disorders. Compression therapy pumps provide controlled pressures as per the severity of disorders. They are more effective than various other treatments.

Advancements in compression therapy would assist users to invest in available opportunities. Some of the notable advancements in this field are inelastic compaction boots, intermittent pressure pumps, and multilayer bandages. The major market products include pumps, bandages, tapes, and stockings. In 2014, bandages dominated the market, contributing over 44% of the overall revenue.

Technologies wise, the largest compression therapy market segment in 2014 was static technology. This segment contributed over USD 1 billion that year. On the other hand, dynamic technology is likely to face lucrative growth in the future. Furthermore, innovative treatments for cutaneous ulcers would drive the income of the market.

Grand View Research Inc. states that, in 2014, the compression therapy market in North America contributed over 45% of the worldwide revenue. Asia Pacific would witness rapid growth in the years ahead. This is because of improved healthcare infrastructure in the region, projected to improve patients’ accessibility to compression therapies.

The major players in the compression therapy market are Julius Zorn GmbH, SIGVARIS, Paul Hartmann AG, BSN Medical GmbH, and ArjoHuntleigh. They are making contending strategies to promote new products and remain ahead of others. These players are also attempting to occupy significant market shares. On June 2015, FarrowMed Medical Solutions was acquired by BSN medicals.

Compression Therapy Market

Information Source: Grand View Research








Cloud-RAN Market – To Witness Exponential Growth, Technological Advancements In Telecommunications To Fuel Demand

Cloud-Radio Access Network (Cloud-RAN) is an advanced cellular network architecture enabling superior mobile communication. It maintains spectrum efficiency by allowing dynamic resource allocation through a central processing unit. A recent study by Grand View Research, Inc. notes that the cloud-RAN market was valued at USD 1.69 billion in 2013. It is expected to grow at a CAGR of 45.8% from 2013 to 2018. It will be worth more than USD 11 billion by 2018.

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Cloud-RAN technology is a cost-effective network solution. It facilitates profitability and growth. This technology increases the capacity and speed of mobile communication. Cloud-RAN eliminates the need for digital processors, antennas, baseband units, and radio frequency equipments at cell site. It can simply support new air interface technologies like LTE – Long-Term Evolution and multi-frequency bands. These advantages are contributing to the cloud-RAN market.

Technological advancements in the telecommunications space is also acting as a key market driver. Additionally, proliferation of broadband connections coupled with boom in the usage of smartphones and tablets will have a positive market impact. The quest for affordable communication solutions that lower operational costs will also drive the demand for the cloud-RAN market.

The study reveals that the market will be hampered by huge capital investments. Also, dependency on the availability of fiber might pose a problem in the future. Grand View Research segregates the market on the basis of components, and services. The components include baseband units, servers and processors, remote radio units, test and measurement equipments, and optical transport networks.

Optical transport networks comprise ethernet, fiber, and microwave. They are anticipated to be the leading component in the forthcoming years. The cloud-RAN market services include network services, custom services, and system integration. The market can also be segmented into five regions, Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.

Asia Pacific is foreseen as the largest market in the next five years. This region will witness substantial spendings on cloud-RAN architecture in the future. The notable players in the cloud-RAN market are Aricent Technologies, Intel Corporation, VPI Systems, Alcatel-Lucent S.A., ZTE Corporation, Texas Instruments Inc., Datang Mobile, and Ericsson.

Cloud-RAN Market

Information Source: Grand View Research

1, 4-Butanediol Market – To Observe USD 6.9 Billion In 2020

Butanediol, or 1, 4 butanediol, as it is also called, is an intermediate chemical for gamma-butyrolactone (GBL), polyurethane (PU), polytetramethylene ether glycol (PTMEG), tetrahydrofuran (THF), and polybutylene terephthalate (PBT). A new study by Grand View Research, Inc. confirms that the worldwide 1, 4-butanediol market was worth around USD 4.7 billion in 2013.

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It is likely to reach about USD 6.9 billion in 2020. Enhanced demand for butanediol across consumer industries will fuel market growth. High requirement for sports apparel is triggering the demand for spandex and THF. This will prove beneficial for the market. Rapid development in emerging economies is also contributing to industry growth.

Worldwide sporting events like 2016 Summer Olympics and 2018 FIFA World Cup will accelerate infrastructural developments in Brazil and Russia respectively. This will, in turn, raise the sales of the 1, 4-butanediol market. Fluctuating prices of source materials and high manufacturing costs are estimated to hamper market development. Growing concerns about this product’s adverse impact on environment is yet another restrainer.

Market participants are engaged in replacing synthetic 1, 4-butanediol with commercially-viable bio-based alternatives. THF, with more than 28% of global volumes, was the largest application in 2013. PU’s contribution to the overall volume was more than 24% in 2013. This segment is anticipated to grow at the fastest pace from 2014 to 2020, at a CAGR of 5.2%.

The robust construction and footwear industries in China, India, and some other parts of Asia Pacific will spur this growth. PBT accounted for about 21% of the total volume in 2013. GBL will grow further owing to its huge requirement in various downstream applications. Asia Pacific, with more than 54% of the total volumes, was the leader in 2013. It will experience the fastest growth from 2014 to 2020, at a CAGR of 5%.

The emerging economies of India and China are key contributors to this stellar performance. High disposable incomes in these nations are resulting in the strong growth of automotives, construction, and footwear industries. North America’s share in the 1, 4-butanediol market was about 308 kilo tons in 2013. The North American and European markets have matured.

Most of the growth in these regions will emerge from bio-based substitutes. The regions will exhibit sluggish demand for synthetic butanediol in the future. The dominating players in the 1, 4-butanediol market are Dairen Chemicals, Lyondell Chemicals, BASF SE, Mitsubishi Chemicals, Shanxi Sanwei Group, Invista, and International Speciality Products.

1, 4-Butanediol Market

Information Source: Grand View Research

Smart Homes Market – Worth USD 47.5 Billion By 2020, Energy Management Will Be The Fastest Growing Application

Smart homes are store to various appliances and devices like air conditioners, lights, camera systems, entertainment systems, etc. These devices are controlled from a remote location using smartphones or computers. Smart homes offer convenience and mobility to residents, especially the elderly. They also help in the better utilization of energy. Unnecessary power consumption due to mistakes like keeping the lights or air conditioning on after leaving the house is avoided.

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Occupancy sensors automatically turn the lights on and off by sensing motion in a room. They thus help reduce light expenses. The development of smart grids, rising disposable incomes and growing consumer electronics industry are some of the factors expected to fuel the smart homes market. However, shortage of skilled manpower, high investment costs and lack of consistency may act as inhibitors.

Grand View Research observes five main smart homes market applications. These are energy management, lighting, entertainment, security, and HVAC – heating, ventilation and air conditioning. It also notes that security applications captured more than 20% of the market share in 2013. This is attributed to the accelerating demand for burglar alarms, safety cameras and window sensor alarms for security purposes.

Entertainment is another important application. Consumers can, at their convenience, manage varied videos and audio devices remotely. Energy management is estimated to grow the fastest from 2014 to 2020. Automated homes cause energy conservation. Regulatory authorities in North America and Europe are encouraging the growth of these homes. Various initiatives have been taken by these regions in this direction.

Grand View Research also notices that North America was the leading smart homes market in 2013. The region accounted for approximately 40% of the global share that year. It is also foreseen to retain its dominance in the future. This is as a result of the large manufacturing base and high smart homes market demand in the region. The economic revival in Europe would have a positive impact on its market.

Rising demand for smart homes from China and India will augment the Asian Pacific market further. Grand View Research identifies Siemens AG, Creston Electronics Inc.,   Honeywell International Inc., Tyco International Ltd. and ABB Ltd. as the dominating smart homes market participants. Some other prominent players include Control4 Corporation, Schneider Electric SA, Legrand SA, Lutron Electronics Inc., Emerson Electric Corporation, Ingersoll-Rand Plc., and AMX.

Smart Homes

Information Source: Grand View Research




Asia Pacific – Expected To Be The Fastest Growing Intelligent Virtual Assistant Market From 2015 to 2022

According to Grand View Research, the intelligent virtual assistant market generated over USD 500 million in 2014. It is likely to grow at a CAGR of 30% from 2015 to 2022. In order to provide automotive assistance to consumers, intelligent virtual assistants (IVAs) make use of artificial intelligence. The two key technologies used in the intelligent virtual assistant market are speech recognition and text-to-speech.

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At present, speech recognition is the most popular technology. It offers the features of interactive and intuitive communication. These features work well for the speech recognition segment and propel it further. For enhancing user-experience, intelligent virtual assistants offer client services at low prices. The high capability of IVAs to examine conversations between agents and users works in support of the market.

Instead of traditional navigational channels, consumers find IVAs more convenient. In 2012, several large companies contributed more than 80% share in the worldwide intelligent virtual assistant market. This was owing to improved data collection and speedy responses in these companies. Government, travel, media, finance, retail, etc. are some of the applications across which IVAs find use.

Escalating demand for IVAs across these applications would drive the demand for the market. Based on regions, the intelligent virtual assistant market is segmented into Asia Pacific, Latin America, Europe, North America and the Middle East and Africa. North America, in terms of adoption, was the largest contributor in 2014. It accounted for over 39% share in the global market. Asia Pacific is likely to be the most rapidly growing region from 2015 to 2022.

Proliferation of mobile devices and increase in technological investments in Asia Pacific would lead the region to experiencing rapid growth in the upcoming years. The major companies of the intelligent virtual assistant market are Creative Virtual Ltd., IntelliResponse, Next IT Corporation, Nuance Communications and Anboto Group.

Creative Virtual Ltd. has developed V-Portal, the latter being a knowledge management platform of the former. This platform provides access to live chat, social media and mobile channel facilities. ‘Next IT’ is yet another multi-language natural language processing platform. The other leading participants such as eGrain Communications, Artificial Solutions and CodeBaby Corp. provide continued availability, automatic language detection, accuracy, natural language understanding, etc.

Intelligent Virtual Assistant Market

Information Source: Grand View Research

Omega-3 Market – Expected to Attain Over USD 7 billion by 2020

The omega-3 market is expected to be worth over USD 7 billion by 2020, according to a study conducted by Grandview Research, Inc.. Omega-3 fatty acids are nutrients that cannot be broken down by the body but are essential for good health. They contain eicosapentaeonic acid (EPA), α-linolenic acid (ALA), docosahexaenoic acid (DHA), and arachidonic acid (AA).

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Omega-3 fatty acids are commonly found in fish, fish oil, flax seeds, and chia seeds. One of their benefits includes lowering down the levels of LDL or bad cholesterol, which in turn reduces the risk of high blood pressure or coronary disorders. The demand for omega-3 was 21.9 kilo tons (KT) in 2012. It is estimated to increase to 60 kilo tons by 2020.

The demand is likely to rise at a CAGR of over 13% by 2020. Food supplements command a lion’s share (55%) in the omega-3 market. They are followed by pharmaceutical products and infant formulas, together consuming 33% share. The rest of the market is occupied by food and beverages.

Food supplements consumed more than 12 KT in 2012. They are expected to rise exponentially by 2020. Infant formula is the fastest growing segment with an estimated CAGR of over 15% by 2020. About 87% of the infant formula sold in 2011 consisted of AA and DHA. Companies like Nestle and Similac have capitalized on this and sold many products owing to the benefits of Omega-3.

Additionally, the Food & Drug Administration (FDA) and the American Dietetic Association (ADA) have approved the use of omega-3 food supplements. These supplements reduce the risk of coronary diseases and maintain healthy triglycerides levels. Grandview Research found that Europe and North America dominate the omega-3 market with over 60% share in 2012.

These regions will continue to expand due to regulations favoring omega-3 ingredients in infant formulas. The Asian Pacific omega-3 market is likely to grow the fastest, due to high birth rates in China and India. A healthy diet comprising omega-3 and fish oils in Southeast Asia is expected to boost the sales of Asia Pacific.

DSM is one of the largest players in the omega-3 market. It is followed by Omega Protein, BASF, Croda International, GC Reiber Oils and Martek Biosciences Corporation. Aker Biomarine, BioProcess Algae, Orkla Health, EPAX, and Lonza are some of the other important market players.

Omega-3 Market

Information Source: Grand View Research


HIV Diagnostics Market


The HIV diagnostics market comprises diagnostic tests and products for the detection of HIV in humans. It accounted for over USD 2, 170 million in 2014. The market is likely to grow at a CAGR of 9.3 percent in the next few years. This growth is credited to advancements in HIV diagnostic tests, multiple HIV cases around the globe and boosting novel treatments for HIV and AIDS.

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All the primary regional HIV diagnostics market sectors would experience augmented demand in the forthcoming years. These sectors will develop on account of the rising necessity for fast, easily accessible and effective HIV tests. The worldwide market is going to witness upward trends over the forecast period of 2014 to 2020.

The growing ‘high risk’ population indulging in promiscuous behaviors, sex with multiple partners and unprotected sex is also projected to raise the demand for HIV diagnostic tests. This would accelerate the sales of the market. Apart from this, rising drug users sharing hypodermic syringes would drive the demand for HIV tests, thus boosting the income of the market.

Market Segmentation 

Products Insights

The HIV diagnostics market consists of confirmatory tests and diagnostic screening for HIV-1 and HIV- 2. It also includes group O incidence testing. At a wider level, HIV diagnostic products and tests are segmented into viral identification assays, early infant diagnostics (EID), CD4 testing and viral load testing.

EID is conducted independently from CD4 and viral load testing. The molecular test for DNA PCR is used for detecting HIV in infants. In 2014, the largest share in the HIV diagnostics market was occupied by antibody tests. These tests are likely to lead the market due to their high usage rates, accuracy and sensitivity.

Antibody tests are divided into Group O tests, HIV-1 screening, and 1 confirmatory and 2. Western Blot, 3rd and 4th generation ELISA tests, rapid agglutination for HIV-1 screening and indirect immunoflourescent antibody assay are some of these.

The other test sectors in the market encompass viral culture for viral identification, p24 antigen tests, CD4 testing and viral load testing.  These tests are needed during the monitoring and utilization of antiretroviral therapy once the infection is confirmed.

Regional Outlook

The leading HIV diagnostics market was North America. The region contributed maximum revenue to the global market. This was due to the existence of advanced healthcare structures, higher medical expenditures and supportive reimbursement policies in the region. Quick and convenient HIV diagnostic tests would also steer further demand for this regional market over the coming years.

Market Participants

The leading participants in the HIV diagnostics market are PointCare Technologies, Qiagen, Janssen Therapeutics, Merck& Co.Inc and Siemens Healthcare. Some others are Mylan Inc, BD Biosciences, Gilead Sciences, Alere Inc., Zyomyx, bioMerieux and Roche Diagnostics.

These players are mostly doing clinical research and development for p24 and viral load testing methodologies. They are planning to increase accessibility to HIV tests and reduce complications. Growing spendings in HIV diagnostics by these players are also assisting in the further growth of the market.

HIV Diagnostics Market

Information Source: Grand View Research


Palm Oil Market Analysis By Derivative (Crude Palm Oil, Palm Kernel Oil, Palm Kernel Cake), By Application (Edible Oil, Cosmetics, Bio-diesel, Lubricants, Surfactants) And Segment Forecasts To 2022

Industrial Overview

Palm oil is an edible vegetable oil derived from palm fruits. With rapid increase in the per capita human consumption of vegetable oils, the demand for palm oil has increased in recent years. Palm oil is mainly used in food products, detergents, cosmetics, and biofuels. Boosting demand for this oil in all these products is estimated to heighten the sales of the market.

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In 2014, the worldwide palm oil market was valued at around USD 61,000 million. It is projected to experience significant growth in the next few years. The demand for the market has also grown due to the cost effectiveness coupled with low-fat content of palm oil. However, widespread deforestation for the production of palm oil has resulted in the extinction of several animals.

This has also led to climatic changes. All this has indirectly affected the market. The rapidly growing demand for palm oil from end-use industries is likely to remain the key driving factor of the market. Few agencies and governments have taken initiatives to restrain the consumption of trans-fat in the last few years. This has taken place considering health concerns.

The regulations concerning the blending of fuels with bio-based ones and growing usage of palm oil as bio-diesel have gained acceptance in the last few years. Environmental concerns regarding lubricants, surfactants and bio-based cosmetics and shifting customer preferences have also prompted the sales of the palm oil market.

Market Segmentation


In 2014, crude palm oil led the worldwide market. It was followed by kernel oil and cake. Palm kernel cakes are primarily utilized in the industry of animal feed. Rising demand for animal feed in Asia Pacific and North America is expected to assist the demand for palm kernel cakes. Accentuating demand for the cosmetics industry is also estimated to be beneficial for the palm oil market.


The global market was dominated by edible oil. It was followed by surfactants, lubricants and bio-diesel. Health apprehensions with respect to the consumption of trans-fat have shifted the preferences of consumers to low trans-fat from vegetable oils and animal fats consisting of high-trans fat.


In 2014, the palm oil market was dominated by Asia Pacific. The Middle East, Asia Pacific and Africa would experience rapid growth in the manufacturing and food sectors. Indonesia and Malaysia presently lead the worldwide production of palm oil. 

They are the prime exporters of palm oil and envelop a vast chunk of businesses.

Due to the existence of favorable climatic conditions and arable land, the regions of Africa, and Central and South America are estimated to undergo fast develoment coupled with increasing production capacities.

Key Market Participants

The players of the palm oil market are taking steps to gain a robust foothold on the worldwide market. They are also aiming at augmenting their product line. Few of the leading participants are Alami Group, IOI Corp., Sime Darby, Godrej Agrovet Limited, Kulim Bhd and PT Astra Agro Lestari Tbk. The rest are Golden Agri Resources Ltd., Wilmar International Ltd, Musim MAs Group and London Sumatra.

Palm Oil Market

Information Source: Grand View Research


Seed Treatment Market Analysis By Treatment Type (Insecticides, Fungicides, Chemical, Non-Chemical), By Crop (Corn, Soybean, Wheat, Canola, Cotton) And Segment Forecasts To 2020

The seed treatment market was valued at about USD 161.4 million in 2012. It is expected to expand at around 10% CAGR by 2020. The market would achieve about USD 300 billion by 2020. Seed enhancement has emerged from the treatment of chemical seeds. It is a large segment of the market.

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The seed treatment market is analyzed in view of production, seed development and pest elimination. The crops in the market include canola, cotton, corn, sunflower, rice, wheat, soybean, oil seed crops, fruits and vegetables. Seed treatment, being the fastest growing market in the agricultural industry, has pushed various multi-national establishments to invest in research.

These establishments are working towards improving crop yield and destroying pests. They are Nufarm Ltd. (Australia), BASF SE (Germany), Syngenta AG (Switzerland), Platform Specialty Products Ltd.(U.S.) and Sumitomo Chemical Co. (Japan). The increasing costs of applications in farm level seeds conventional agrochemicals have assisted the seed treatment market in becoming popular.

This has led to the development of high quality products, rising crop rotation rates and augmented awareness about high-end agro benefit products. The yield of crops can be improved by using chemical, biological and physical technologies. Chemical technology is the most widely utilized technology and accounts for more than 50% of the share.

The seed treatment market has been segmented into four categories. These are functions, technologies, crops and regions. The functions sector consists of crop protection chemicals and seed enhancement. Technologies includes chemical, biological and physical as discussed above.

The various crops of the market have also been mentioned above. This sector was led by corn in 2014. Corn was followed by soybean and wheat. The regions sector is fragmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). The biggest share in the worldwide market was captured by North America.

India and China account for about 7 percent of the global share. These nations also steer the Asian Pacific market ahead. Boosting demand for crop quality and productivity has led to the advent of modern seed treatment products.

Seed Treatment Market

Information Source: Grand View Research