Antifouling Coating Market Key Players Analysis, Segmentation And Forecast Report till 2022

September 17, 2021: Global Antifouling Coating Market size was 84.4 tons in 2014 and is expected to surpass 130.0 kilo tons during the forecast period. Antifouling Coating Market is anticipated to witness considerable growth on account of its rising demand of underwater surfaces in shipping vessels and hulls as it provides superior polishing effect and smoothness. To improve the performance and durability of the vessel and to avoid unwanted growth of sub-aquatic organisms, antifouling coatings are used as specialized paints and applied to the hull of a ship. Growing consumption in passenger ships, commercial vessels, cargo, yachts, conventional offshore drilling rigs and Floating Production Storage & Offloading (FPSO) is anticipated to boost industry growth from 2015 to 2022.

Preference condition-based monitoring over breakdown maintenance coupled with increasing popularity in shipping segment is projected to play a vital role in the products’ growing prominence and demand. Additionally, superior properties that act as a shielding agent against corrosion, external contamination and fouling is expected to fuel market growth.

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Application Insights

In 2014, Antifouling coatings were primarily used in shipping vessels, contributing to more than 80% of overall volume. These paints extend the dry-docking interval and provide direct fuel saving by protecting hulls from fouling organisms and corrosion. Production platforms & drilling rigs are projected witness market growth, at an estimated CAGR of 8.0% by revenue, over the forecast period. Companies functioning in oil & gas sector are continuously investing in the market for The FPSO vessels and thereby this is expected to serve market growth.

Regional Outlook

In 2014, Asia-Pacific was the dominant player accounting for nearly 85% of the overall volume in 2014. South Korea, Japan, China, Philippines and Taiwan are major hubs for shipbuilding activities. This is anticipated to lead to the dominance of Asia-Pacific in the shipbuilding segment, thus raising demand for antifouling paints. Furthermore, growing expenditure related to the production & exploration of crude oil & natural gas in India, Thailand and China, India are projected to further propel demand for these paints in production platforms and drilling rigs.

China, Taiwan, Philippines and South Korea, Taiwan are anticipated to witness substantial gains on account of presence of a large number of shipbuilding producers. In addition, the emergence of India and Australia as production units of shipping vessels on account of regulatory provisions for encouraging new investments and funding at the domestic level is estimated to expand the market size. The presence of stringent rules and policies to monitor the use of biocides in agriculture and water treatment, personal care and marine applications by the European Commission and EPA is expected to impede antifouling coatings demand from 2015 to 2022.

In September 2013, the Government of India introduced Draft National Chemical Policy, to uplift the country’s domestic throughput in the chemical industry to 6% by 2020 from 3% in 2014. Favourable government programs along with growing shipping sector in India is anticipated to present new opportunities in the next seven years. Europe’s Antifouling Coating Market, on the other hand, crossed 6.0 kilo tons in 2014. The market is expected to witness appositive impact owing to high penetration of yachts manufacturers in UK and Italy.

In 2014, MEA antifouling coatings market was estimated at USD 22.3 million. With the capital expenditure on a rise majorly attributing to development of offshore vessels in Nigeria, Angola and the market is expected to escalate the usage of this product over the coming years.

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Competitive Insights

Key market players include PPG Industries, AkzoNobel, Sherwin-Williams, Jotun, Hempel, Kansai Paint, Nippon Paint and Advance Marine Coating. In August 2015, Jotun inaugurated a new production facility with an investment of USD 24.4 million for marine coatings at Brazil in Rio de Janeiro. The production unit is estimated to produce 10 million litres of marine coating products, together with antifouling products.

GLOBIC, and DYNAMICare the two products that were launched under the brand name in December 2014 for new shipyard buildings and dry dockings for delivering fuel savings of maximum 3%. New product development is anticipated to remain a vital success factor for the market in the foreseeable future.

Research and Developments in the coatings market including the natural materials from palm oil for instance, may influence market demand and increase market potential over the forecast period. Biomimetic-Innovation-Centre (B-I-C), in July 2011, developed a new harmless antifouling coating using palm seed.

Market Segment:

Application Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)

        • Shipping Vessels

        • Drilling Rigs & Production Platforms

Regional Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)

        • North America

            • U.S.

        • Europe

            • Germany

        • Asia Pacific

            • China

        • Latin America

            • Brazil

        • Middle East Africa (MEA)

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Stretchable Conductive Material Market Opportunities, Challenges, Strategies And Forecast Report till 2025

September 17, 2021: The global stretchable conductive material market size was valued at USD 434.7 million in 2016 and is expected to reach USD 3.4 billion by 2025, with a CAGR of 25.7%. Stretchable conductive material/devices have gained much popularity in recent years due to the emergence of new technology fields such as stretchable electronics, intelligent robotics and wearable devices. For example, advanced robots are treated with keen sensory skins so that they can interact well with humans and respond properly to the surrounding environment without external control. On the basis of conductor material, the global stretchable conductive material market is segmented into graphene, carbon nanotube, copper, and silver.

To keep pace with the growing need for new technology, the hunt for new materials with higher electrical conductivity and good elasticity have emerged. Though, polymers offer good features for operations and are widely deployed in plastic electronics their widespread use is limited due to poor mechanical properties.

On the other hand, elastomers such as natural rubber, styrene butadiene rubber, ethylene-diene monomer and polyurethane possess characteristics such as high and reversible deformation. Conventionally, elastomers have been specifically used for structural, industrial and household products. Further, two types of metal structures are widely explored as stretchable conductors.

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At the commercial level, the global stretchable conductive material market thrives on engineered functional ink formulations for printed electronics. With much developing and advancement in flexible large-area electronics such as flexible displays and sensors, the market growth witnesses a trajectory path during the forecast period. Thus, the market dynamics and driving factors result into a healthy CAGR growth during the assessment period.

The key driving factors responsible for the growth of stretchable conductive material market includes growth in use of stretchable conductors and developments in design in consumer electronics. Additionally, factors such as use of materials and assembly techniques and enhancement in operational speed due to miniature size of electronic products propel the stretchable conductive material market during the forecast period. However, less lifespan of stretchable circuits and consumption of time and laborious manufacturing process are some restraining factors for market growth.

On the basis of application, the global stretchable conductive material market is segmented into wearables, photovaltics, biomedical and cosmetic. Wearables application segments anticipated to grow at a higher CAGR during the forecast period owing to growth in demand for wearable device

On the basis of geographic segmentation, the global stretchable conductive material market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. North America dominates the global market in terms of market size. APAC regions are likely to grow at a higher CAGR during the forecast period owing to rise in number of players and high number of wearables& biomedical applications.

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The key players in the global stretchable conductive material market include 3M company, DuPont & Co, Applied Nanotech Inc, Indium Corporation, Toyobo Co Ltd, Lotte Advanced Materials Co Ltd, Textronics Inc, National Insititute of Advanced Industrial Science and Technology, Vorbeck Materials Corp.

Market Segmentation:

Stretchable Conductive Material Product Outlook (Revenue, USD Million, 2014 - 2025)   

    • Graphene

    • Carbon Nanotube

    • Silver

    • Copper

Stretchable Conductive Material Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Wearables

    • Biomedicals

    • Photovoltaics

    • Cosmetics

Stretchable Conductive Material Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

    • Asia Pacific

        • China

        • Japan

    • Central & South America

        • Brazil

        • Mexico

    • Middle East & Africa

        • Africa

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Specialty and High Performance Films Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2024

September 16, 2021: The global specialty and high performance films market size was USD 32.61 Billion in 2015 and is expected to reach USD 57.26 billion by 2024. Increasing demand for high tensile and durable packaging materials coupled with properties such as chemical resistant is expected to drive the market growth over the forecast period. These films are majorly used in packaging market for food and beverages, construction industries and decorative interiors. Thus increasing demand for these markets is expected to positively affect the market growth of performance films.

Growing need for electronics and solar PV coupled with increasing applications is expected to steer the market growth.These films are extensively used in semiconductors and PV cells Technological innovation and advancements of material films are anticipated to boost the market demand  Specialty & high-performance films are made of engineered and composite plastic materials produced from different polymers including fluoropolymer, polycarbonate and polyester and exhibit exceptional properties such as chemical stability, resistance to heat, high barrier and tensile strength. The major factor that pose a challenge to the market is expected to the fluctuating prices of raw materials including naphtha and crude oil.

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Growing environmental concerns and increasing regulations on the use of plastics is expected to restraint market growth over the next six years. Innovation and development of reusable engineered plastics and increasing demand for biodegradable plastic film is anticipated to generate future opportunities for the industry players. On the basis of polymer type the global market has been segmented into nylon, fluoropolymers, polycarbonate, polyesters, polypropylene, and polyethylene. Polyester film is expected to have the largest share in the market owing to its excellent flexible and thermal properties. Nylon and polycarbonate are expected to be the fastest growing segments in the market. Polycarbonate is a transparent film that can be easily thermoformed and molded. It also provides excellent ink adhesion and is widely being used in graphic, blended and light diffusing films.

Fluoropolymers are expected to have low growth rate over the forecast period due to increasing regulations for halo polymers by environmental protection agency and REACHGrowing demand for bio based materials is anticipated to producenew dynamic product trends in the future. On the basis of applications, the specialty and high performance films has been segmented into Safety and security, Microporous, Barrier, Decorative. Other niche applications include water soluble, Biodegradable, and light control. Barrier is expected to constitute the highest market share owing to increasing demand for these films in semiconductor insulators and solar PV modules. Growing adoption of renewable forms of energy sources such as solar panels to generate electricity is expected to be the driving factor for the market growth in this segment.

Microporous and decorative films are expected to witness high growth rate over the forecast period owing to growing demand for food processing, interior decoration and long lasting electronics lamination are expected to steer the demand of these films over the forecast period. Increasing investments in research and development coupled with growing adoption of biodegradable plastics is expected to form an opportunity for the market growth in the future.

On the basis of end use segment, the global market has been segmented into Automobile, Personal care products, Packaging, Electrical & electronic, and Construction. Other segments include shopping bags and Sportswear. Packaging industry has been the largest end use segment accounting over 65% of the total market share in 2012.Growing demand for flexible packaging in consumer goods and food industry coupled with consumer awareness for better hygiene products is anticipated to steer the market demand of specialty films.

Electrical and electronic industry is expected to witness significant growth rate owing to growing investments in technical and new electronic devices for high and efficient performance. The growing application of light and safety control films in construction industry is expected to achieve anoptimistic outlook on high performance films. Asia Pacific is expected to have the highest share in the global market and is expected to continueits dominance in the next seven years. Increasing manufacturing facilities of automotive industrycoupled with growing electronics manufacturing bases is expected to steer the market growth in this region. Favorable government regulations and presence of key raw material manufacturers of specialty films can be attributed as one of the major factor driving the market.Growing demand for processed and frozen food & beverages in Europe and North America is anticipated to boost market demand for high-performance films.

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Key industry players in the market include Dow Chemicals, Bemis Company Inc. Evonik Industries, and Honeywell. Other industry participants are DuPont, Bayer, 3M, Sealed Air Corporation and Eastman. The market is highly fragmented with the presence of many manufacturers competing globally. Overall profitability is expected to be low owing to high industry rivalry Global vendors compete by application development and product differentiation.

Market Segment:

Specialty And High Performance Film Market Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

        • Polyester

        • Nylon

        • Fluoropolymer

        • Polycarbonate

        • Others

Specialty And High Performance Film Market Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

        • Barrier

        • Safety and security

        • Decorative

        • Microporous

        • Others

Specialty And High Performance Film Market End-Use Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

        • Packaging

        • Personal care products

        • Electrical & electronic

        • Automobiles

        • Construction

        • Others

Specialty And High Performance Film Market Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2013 - 2024)

        • North America

            • U.S.

            • Canada

        • Europe

            • Germany

            • UK

        • Asia Pacific

            • China

            • Japan

            • India

        • Latin America

            • Brazil

        • Middle East and Africa

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Borage Oil Market Opportunities, Challenges, Strategies And Forecast Report till 2024

September 16, 2021: Global borage oil market was estimated at 1,500 tons in 2015. Nutraceuticals and bio-based cosmetics are anticipated to be the key factors influencing market growth over the forecast period. The global borage oil market is anticipated to reach USD 54.9 million by 2024. High gamma linolenic acid (GLA) content has resulted in high demand for Borage (starflower) oil despite several other plant oils including evening primrose oil and black currant seed oil containing GLA and providing similar health benefits, borage oil has gained prominence owing to higher GLA content compared to its counterparts. For instance, black current seed oil contains nearly 14% to 17% and evening primrose contains approximately 10% to 15%. On the other hand, GLA content in borage oil is approximately 20% to 25%. GLA is rich in omega-6 fatty acid which is essential for the human body, but the human body is incapable of producing the same by itself which necessitates the external supply of GLA. Borage oil benefits consumers by effectively treating and preventing health disorders pertaining to fatty acid metabolism.

Borage crop is cultivated in several countries for its seed oil. Majorly produced in Canada, New Zealand and the UK, in earlier times it was considered to belong only to the Mediterranean region. The borage oil production varies widely with some years of oversupply and some years of under-supply. Canada, which is one of the major borage seed producers has been highly unstable in the recent times. Favorable weather conditions in Canada have benefitted borage growers to a great extent as it helps them grow good quality seeds at lower costs. Nevertheless, there is a high risk of crop failure due to erratic early frost in the region. Borage seed prices lie in the range of USD 2.5 to 4 per kg and the production varies between 500 to 2000 tons per annum. Such high variations in the raw material supply and their prices are anticipated to be the major restraining the factor affecting market growth.

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Application Insights

In 2015, medical application segment constituted for more than 35.0% of the overall borage oil demand. Borage oil aids in the treatment of serious diseases including obesity, eczema, rheumatoid arthritis, heart disease, premenstrual syndrome, cough, stroke, depression, asthma and diabetes.

Borage oil is used as a combination with other base oils in the nutraceutical segment. Additionally, it is used as anti-inflammatory drugs. With the market growing at a CAGR of above 5%, along with being the largest segment, the medical sector is anticipated to be the fastest-growing application over the forecast period. Further, borage oil capsules that have several health benefits are also available in the market.

Borage oil is widely used in the cosmetics segment including cleansers, moisturizers, skin care and anti-aging products, hair treatment and body care owing to their antioxidant and anti-inflammatory properties. It is used as food additives in functional foods, meal supplement and breakfast cereals.

Regional Insights

Borage oil has widespread usage across cosmetics and pharmaceuticals industry witness major demand in the Asia Pacific region. Asia Pacific borage oil market dominated the market and contributed to over 30% of overall demand in 2015. This huge demand can be ascribed primarily to growing production levels of pharmaceutical drugs, cosmetics and nutraceuticals. Pharmaceutical and cosmetic manufacturers have been focusing on developing countries such as India, China and Indonesia as their major manufacturing units. This has propelled demand for raw material supplies in the region.

Borage oil market in North America is anticipated to be driven on account of growing demand for natural and organic cosmetics. North America starflower oil market is projected to grow at an estimated CAGR exceeding 5% in the next eight years. Constant efforts by research institutions in order to identify the medical potential of borage oil are anticipated to improve the overall consumption level from 2016 to 2024. Additionally, the region has been concentrating on enhancing starflower oil consumption in food application such as functional food additives and dietary supplements.

Europe is a prime location for borage oil production owing to its favorable soil and weather conditions. High GLA and oil content in UK grown starflower make it the best quality seed available in the market. The presence of large skincare and haircare producers including Unilever and L’Oréal are expected to serve the European market and result in high starflower oil demand over the forecast period. These companies have been emphasizing on bio-based cosmetic development that is expected to augment market demand.

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Competitive Insights

Global borage oil industry is fragmented in nature on account of the presence of several small-scale manufacturers. Borage oil manufacturers attempt to procure good quality seeds produced in Canada and UK in order to achieve a competitive edge as high-quality oil is ideal for premium applications. Major borage oil manufacturers include Connoils LLC., Aromex Industries, Desert Whale Jojoba Company, Oilseed Extraction, K. K. Enterprise, Nordic Naturals, AOS Products Pvt. Ltd., IcelandirectInc and Soyatech International Pvt. Ltd.

Market Segmentation

Global Borage Oil Application Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2024)

    • Cosmetics

    • Medical

    • Dietary Supplements

    • Others

Global Borage Oil Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2024)

    • North America

        • U.S.

    • Europe

        • Germany

        • France

        • UK

    • Asia Pacific

        • China

        • India

        • Japan

    • Middle East & Africa

    • Central & South America

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Polysilicon Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2025

September 16, 2021: The global polysilicon market size was estimated at USD 5.49 billion in 2015 and is expected to reach USD 13.56 billion by 2025, with a CAGR of 10.2%. Polysilicon, known as poly-Si or polycrystalline, is considered to be one of the purest form of silicon material, the second most abundant element available in nature. It consists of silicon crystals that differ from single-crystal silicon, which can be used for electronics and solar cells, it is used as feedstock material in most of the solar power energy applications. Polysilicon also referred to as polycrystalline silicon is a pure form of silicon and is the earth’s most abundantly found element.

The key factors driving the market growth of the polysilicon industry are solar cells, emerging economies, and semiconductor market. Major markets of polysilicon are semiconductor industry and solar industry. Semiconductor industry polysilicon is transformed into silicon crystalline substance that results in electric device such as integrated circuits which forms the key module for electronic products. Multi or mono crystalline silicon substrates are used for making power cells constituting of polysilicon substrate as the key component.

Increasing demand for semiconductors and solar PV (photo voltaic) production is expected to drive the market growth for polysilicon manufacturers. They are extensively used in production of silicon solar cells. These Solar PV cells utilize and absorb sunlight to convert it into power or electricity and hence they are used as power generation resources. The solar energy demand is increasing owing to the environmental benefits and cost effectiveness that it provides to the end users. Solar PV cells do not release any harmful particles into the environment as compared to other forms of energy resources.

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Polysilicon is also used extensively in semiconductor market due to its high electron carrier mobility which will allow smaller transistors resulting in efficient and high speed circuits. Semiconductors are used in many electronic products as an integrated circuit consists computer processors, memory and special devices for optimum efficiency. These semiconductors contain polysilicon at low temperature majorly used in for smaller displays with higher resolution, such as mobile phones and digital cameras which consist of smaller display.

Developments in technology and advanced innovations in industries with decreasing manufacturing cost is expected to steer the market growth over the forecast period. Heavy capital investment and increasing development and production of substitute technologies including thin film silicon technology, metallurgical silicon and Fluidized Bed Reactor (FBR), are expected to pose a major challenge to the market growth.

Increasing cost-effectiveness of solar PV can be largely attributed to reduction in technology prices, growing networks of solar installers and innovative financing. Government regulations and initiatives to encourage solar power generation is also expected to be an opportunity for the global market Based on the purity grade the polysilicon market can be segmented into electronic grade, medium grade, and metallurgical grade silicon. Electronic grade silicon is expected to be the largest segment owing to its high purity standards and its wide range of applications. These silicon grades are used in electronic products such as mobile phones, laptops, computers and others. Medium grade silicon is expected to witness significant growth rate over the forecast period due to its rising awareness and low cost as compared to the electronic grade silicon.

Based on the technology for polysilicon production the global market can be segmented into two forms: granular polysilicon and chunk polysilicon. Supplies of semiconductor wafers use Czochralski crystal growth process that converts polysilicon chunks into particular silicon ingots. These silicon wafers have a wide variety of applications in integrated circuits. Based on the end user, the global market has been segmented into Semiconductor industry and PV industry. Semiconductor industry is expected to be the largest segment on account of technological advancements, innovations and new product developments that require temperature resistant material such as polysilicon. PV industry is expected to witness significant growth owing to the increasing demand for solar panels to produce electricity according to environmental standards.

North America is expected to be the largest market owing to increased installation of photovoltaics in this region. Technological innovations and development of IT systems is expected to boost the market growth. Asia pacific estimated to witness significant growth rate over the forecast period due to presence of countries including Japan and China that dominate the polysilicon producer market. Japan is estimated to be the top most producer of polysilicon in the global market followed by china and Germany. India is also expected to witness high growth rate owing to the increasing awareness of solar power and its efficiency.

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Key industry players include MEMC, Tokuyama, Hemlock, REC, Wacker, SumitomoMitsubishi. Other industry participants include MEMC Electronic Materials, Woongjin Polysilicon, CSG Holding and LDK Solar. The cost of polysilicon has been decreasing over a time period owing to oversupply and an increase in competition in the market thereby reducing the production cost.

Market Segment:

Polysilicon Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

        • Photovoltaic

        • Electronics

Polysilicon Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

        • North America

            • U.S.

            • Canada

            • Mexico

        • Europe

            • UK

            • Germany

            • France

            • Italy

        • Asia Pacific

            • China

            • Japan

            • India

        • South Korea

            • Australia

            • CSA

            • Chile

            • Honduras

        • MEA

            • South Africa

            • Algeria

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Welding Consumables Market Challenges, Opportunities, Trends And Top Key Players till 2025

September 15, 2021: The welding consumables market includes welding equipment consumables, and services. Welding consumables are materials such as alloys, minerals and metals that are used to amalgamate thermoplastic and metal components. Welding consumables account for the lions share of the global welding industry in terms of profits compared to equipment and services. Technological advancement of welding methods is expected to drive the market growth over the forecast period. The global market has been facing dramatic change to flux and solid cored wired from electrodes owing to advanced production efficiency in welding consumables. Growing Innovation in developing new techniques for welding is anticipated to boost the market growth and create opportunities over the next few years. Increasing demand owing to growing in residential and commercial building constructions is estimated to positively impact and can attributed as the major driving factor.

Increasing demand from growing end use industries including transportation, mainly in emerging economies such as China, India, Thailand, and Singapore is expected to propel the global welding consumables market over the forecast period. Growing population along with increase in disposable income of people can be attributed to the aforementioned driver. New Infrastructural projects coupled with government investment to develop cities is anticipated to drive the market demand for global welding consumables. Welding steel plays a major role in the global market owing to high demand and need of steel in various industrial and manufacturing processes.

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Welding is extensively used in metal and steel industries for fabrication processes. The impact of welding process on the metal sector is dependent on the total parts manufactured in the process. Industries are expected to prefer welding process over other conventional fabrication process including soldering and brazing, since they are more efficient, offer higher product strength and accounts for less production cost.

Lack of Skilled labor in industries pertaining to handling the welding products coupled with high labor cost is expected to pose a major challenge and restraint for the market growth over the forecast period. Based on the product type, the welding consumables market has been segmented into solid wires, stick electrodes, saw wires and fluxes, flux cored wires. Stick electrodes segment holds the largest market share in the global industry owing to high demand and prevalence of welding in regions including Africa and Middle East. These electrodes are mainly used as a low cost alternative for welding process Wires and fluxes are expected to witness significant growth rate over the forecast period owing to increasing demand from consumer appliances and automotive segments. Flux-cored wires provide clean and strong welds, and high deposition rate. Efficient performance and higher productivity of wires and fluxes is estimated to be the key factors driving the market growth.

On the basis of application, the market has been classified into building & construction, automotive & transportation, defense & aerospace, and marine applications. Building and construction is expected to dominate the global market owing to increasing infrastructure projects and manufacturing industries. Regional initiatives such as Make in India campaigns are expected to boost the manufacturing sector in the country thereby resulting in an increased demand for welding processes. Automotive and transportation is expected to witness significant growth rate owing to increasing technological developments and launch of new vehicles into the market. Increasing investments in oil & gas and energy sectors is estimated to propel the global welding consumables market.

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Asia pacific is expected to hold the largest market in the global industry owing to high prevalence of end use industries. Growing manufacturing sector coupled with government initiatives is expected to be the major factor driving the market growth in this region. Africa and Middle East is anticipated to witness high growth rate owing to raw materials availability and increasing automotive industry demand.

Key market vendors in the global welding consumables market include Lincoln Electric, ESAB, Vorarc Welding CC, Illinois Tool Work, and Promax Welding. Other industry participants include DAIHEN Corporation, Obara Corporation, Kiswel Inc, Kobe Steel Limited, Royal Arc Electrodes Limited, Arcsel LLC, and Corodur Fulldraht GmbH

The key market players have developed their own distribution networks, as distribution is a critical success factor in this industry. For instance, ESAB, Voestalpine, and Lincoln Electric have a network of independent distributors and wholly owned subsidiaries to supply finished consumables to end-users in the country.

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DNA Vaccines Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2025

September 15, 2021: DNA vaccines market represent a holistic view as a protection against infectious disease and may enhance human and animal welfare, minimize antibiotic usage and also curtail the proliferation of pathogens. Injectable and edible DNA vaccines exhibit a determined approach for rapid immunization against several diseases that are problematic to eliminate traditional vaccines and antibiotics. Other potential uses of DNA vaccines are inclusive of autoimmune disease, allergies, and treatment of cancer. On the basis of geographic segmentation, the global DNA vaccines market spans North America, Latin America, Asia-Pacific, Middle-East, and Africa.

Other potent uses of DNA vaccines include low cost, ease of production and enhanced quality on heat stability, identical production processes for different vaccines. A DNA vaccine comprises a bacterial plasmid that induces the immune system. When a patient is administered with the DNA vaccine, the mechanism in their cells make a viral or bacterial protein in which their immune system considers as alien to the body. DNA vaccines are different to conventional vaccines are made up of bacteria or viruses or a part of bacteria or virus such as protein.

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Advantages in using the DNA vaccines can be summed as such vaccines need short time span, easy to transport and service, are very cheap to make, and there is no risk to those who are involved in making the vaccine. Disadvantages include initial attempts to create DNA vaccines are less significant on consumption by human body and most of the DNA vaccines are not open for human use yet. Therefore, considering the pros and cons coupled with market dynamics, the global market for DNA vaccines witnesses a higher CAGR growth during the forecast period.

The key driving factors responsible for the growth of DNA vaccines market include growing vulnerability of population to infectious disease and rising number of antibiotics resistant pathogens have generated the need for effective and low cost vaccination which would provide lasting immunity. On the basis of disease type, the global DNA vaccines market is segmented into human DNA vaccines and animal DNA vaccines. Human DNA vaccines market is further segmented into HIV infection, cancer and infectious diseases.

On the basis of technology, the global DNA vaccines market is segmented into pDNA vaccines technology and pDNA delivery technology. pDNA vaccines technology is further sub-segmented into therapeutic technology and preventive technology. pDNA delivery technology is further sub-segmented into uncomplexed pDNA, liposomes, gold particles, electroporation, bacteriophages, bacterial ghosts, nanoparticles and viruses.

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On the basis of application, the global DNA vaccines market is segmented into human diseases, and veterinary diseases. Human diseases are further sub-segmented into oncology, allergies and infectious diseases. Oncology is further sub-segmented into pancreatic cancer, breast cancer, ovarian cancer, small cell lung cancer and melanoma. Infectious disease is further segmented into CMV, HBV, HCV, HIV and Influenza.

Veterinary disease is further sub-segmented into canine melanoma, leishmaniosis, and Equine West NileVirus. The key players in the global DNA vaccines market spans Novartis Animal Health, Inovio Biomedical Corp, Merck & Co, Dendreon Corporation, Pfizer pharmaceuticals, GlaxoSmithKline, Advance Bioscience Laboratories Inc, Indian Immunologicals Ltd, Xenetic Biosciences Inc, QED Biosciences Inc, Astellas Pharma, Vical, Sanofi and Tekmira Pharmaceuticals.

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