Waterborne Coatings Market Demand and Key Players by 2022

 Market Insight:

The global Waterborne Coatings Market size is estimated to reach USD 146.11 billion by 2022 and is anticipated to grow substantially owing to infrastructure development in commercial and residential sector. Demand for waterborne coatings was the highest from the global architectural industry for various applications such as floor finishes, wood vanishes, and facade paints.

Growing demand for eco-friendly, non-hazardous and low Volatile Organic Compounds (VOC) are expected to drive demand for these products. Owing to presence of stringent regulations in the U.S. and European region for these products, VOC content is one of the major issue for the manufacturers.

Also, owing to the increasing disposable income in Latin-America, Middle East & Africa, and Asia-Pacific, demand has grown for decorative paints, renovation activities, and construction sector, projecting to drive the market over the forecast period.

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These coatings contain 80% of water with solvents and glycol ether. The market is expected to upsurge moderately owing to its remarkable Superior properties such as non-corrosive, hardness, stain resistant, adhesion, and flexibility of these products compared to its substitutes are an added advantage. Growing market for copiers, fax machines, computers, and printers are also some of the major drivers for the industrial sector.

In cold climatic condition, adhesive properties of the coatings minimize which a major drawback where its substitutes have an advantage. However, the industry players have been focusing in research and development activities to find solution for these. Another factor hampering the growth of the market is excessive foam production, which occurs mainly in manufacturing and transportation of the coatings.

The gradual shift of the automotive manufacturers to shift their production facilities in owing to the availability of cheap but skilled labor towards developing economies of Thailand, China, India, and Indonesia is anticipated to steer growth of the coatings industry.

Application Insight:

The major application of this market includes general industries, automotive OEM, architectural, protective coatings, automotive refinish, and industrial (which includes metal furniture, automotive components, and HVAC). Architectural is the largest application segment and is expected to dominate the industry over the forecast period. Application of coatings in this segment are lacquers and vanishes, for decoration and protection of door and window frames.

Steel and aluminum industries are showing interest in coil coatings, further driving the market globally. Recently the market has been diversified for marine, wood, packaging and general industries as well.

Regional Insights:

Europe has emerged as the largest regional market in 2014 and is anticipated to grow moderately over the forecast period. Increasing demand in this region is particularly for growing demand for the automotive finishes and architectural anticipates.

Owing to rapid constructional development in emerging countries of Asia-Pacific and The Middle East, the market is expected to create lucrative opportunities for the industry participants over the forecast period.

Competitive Market Share Insights:

The global market is highly competitive with many industrial participants in U.S., Europe, Asia-pacific and The Middle East. Key market players are BASF, Axalta, Berger Paints India Ltd, Akzo Nobel NV, The Sherwin-Williams Company, The Valspar Corporation, and Nippon Paint Holdings Company Ltd.

Asian Paints Limited, Hempel A/S, Masco Corporation, Meffert AG Farbwerke, Kansai Paint Co., Ltd., Diamond Vogel, Brillux GmbH & Co, DAW Caparol, Tikkurila Oyj are the other market participants in the industry.

BASF offers the wide range of application including household paints, coil coatings, powder coatings, road marking coatings, architectural finishes, pigment pastes, and paints for vehicles, machinery, & non-ferrous materials.

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Technical Textiles Market Competitive Landscape and Forecast 2022

Industry Insights

The technical textiles industry was valued around USD 143.75 billion in 2014, owing to increasing diverse end use applications. Technical textile is mainly developed to fulfill non-aesthetic functions such as safety and comfort. Molded with advanced technology to perform the specific function such as a shield for humans in extreme weather conditions, these types of textiles are named in various ways such as technical textile, industrial textile, and functional textile.

Major factors that are expected to influence the industry include the technological breakthrough in medical textiles to amplify opportunities for surgical and diagnostic tools. Also, growing demand for geotextiles in anticipated to be yet another driver for the market.

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Developing markets of the Asia Pacific, Middle East, and Latin American region are expected to drive product demand, especially in the automotive industry in the regions. Technical textiles are used for the construction of transportation system accessories such as airbags, air balloons and seat covers.

Specific characteristics of the product such as high durability, adaptability, and superior performance make this technology attracted by various textile manufacturers. These textiles owing to their superior properties over traditional textiles are being used to provide special functions.

Increasing R&D investments by the industrial participant in the past few years have been the main factor in the development of various novel products. As product demand have been seen increasing significantly in the past few years the industry players have been seen taking serious steps to develop novel applications in accordance with demand from the consumers. These trends are anticipated to drive the market over the forecast period.

The versatility of technical textiles has made them applicable to various fields in the textile industry. High raw material cost including both natural or manmade is anticipated to be a major challenge for industry participants. The absence of sufficient skilled workforce globally for manufacturing of these products is expected to be yet another factor to restraint the industry growth over the forecast period. The reinforcement of embankments is presumed to offer sufficient opportunities for the industry participants over the forecast period owing to the fact that it is global accepted. Emerging need of quality products and services in Latin America and Asia Pacific is anticipated to witness fast acceptance of these products across various industries. Technology Insights

Apart from natural fibers such as cotton and jute artificially developed fibers, filaments and yarns are some prominent raw material used in the manufacturing of technical textiles. Technologies such as 3D knitting, thermoforming, 3D weaving, heat-set methods, finishing treatments, nanotechnology, hand-made methods, and others are the leading manufacturing technologies in the present scenario. Thermoforming, 3D knitting, and 3D weaving are the mainly used methods towing to better quality in the end product. Nanotechnology being the new process in developing technical textiles are expected to witness higher acceptability over the forecast period.

Textiles thermoforming is a heat treatment process that is used to mold composites that contain fabric layers. Indutech, Mobiltech, Hometech and Packtech, segments majorly use this technology. Products such as conveyor belts, spacer fabrics, surgical implants geotextiles, and webbings are manufactured using 3D weaving process.

The heat-set process is a thermal process which is carried out either in moist or dry heat atmosphere. Three-dimensional knitting technology can give an accurate measurement. It results with minimum requirements for cutting the final product and is used to manufacture complete garments. The innovation of this technology led to the minimization of post labor work, with more efficiency regarding time and productivity.

End-Use Insights

The global technical textile industry has been divided into various segments that include indutech(Industrial Textile), mobiltech(automobile), sportech(Sports Textile), hometech(Domestic Textile), buildtech(Construction textiles), clothtech(Clothing textile), agrotech(agro textile), packtech(ackaging Textile), meditech(Health Care Textile), protech(Protecting Textile), and others.

Owing to the rapid and constant advancement in automobile technology, mobiltech has the largest share in the overall market in the recent past which was followed by the Indutech technology.

Regional Insights

Asia Pacific industry dominated the industry in 2014. It is expected to account for around 43% of the overall demand by 2022. North American market is expected to decline moderately in the next few years owing to moderate growth of the end-use industries. Various countries in the Asia Pacific region such as India and China are expected to be some of the leading markets in the region.

Increasing infrastructure development in Asia Pacific and Central & South American regions owing to various initiatives taken the respective governments and the developing healthcare industry in these region is expected to augment demand for these products in the next few years.

Competitive Insights

The market is fragmented with numerous multinationals such as Strata Geosystems Ind. Pvt. Ltd., DuPoint, Johnson & Johnson, Ibena Textilewerke GmbH, SRF, and Ahlstrom. These industry participants are involving in various acquisitions with various other multinational or local manufactures and even distributors with the aim of increasing their annual production and also enhance product range.

Industry players such as Avintiv have recently increased its product prices and have also taken over Duonor S.A.S as a strategic move in order to meet regional demand and acquire substantial market share with the integration of novel technologies.

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Protective Relay Market Challenges And Opportunities 2024

 “Increasing significance of renewable energy to drive the industry growth”

In the year 2015, global protective relay market was valued at $2590.1 million and is expected to grow at CAGR of more than 5% over the forecast period. Increase in number of power and infrastructure projects in the Asia-Pacific region along with increased investments in the T and D network worldwide is considered as the reason for the rise in the demand of protective relays.

“Asia Pacific expected to witness highest adoption over the forecast period”

Asia Pacific region accounted for highest market share and about 30% of the total revenue in the year 2015. Extensive investments in the modernization of infrastructure along with renewable sector are the major factors that are expected to drive the demand of protective relays over the forecast period.

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Due to the economic progress of the countries such as India and China the rate of mounting infrastructure is at all-time high. This rise in infrastructure is expected to fuel the growth of protective relay market over the forecast period. Summer Olympics that are scheduled in the Japanese land in the year 2020 is also a key factor in the rise of infrastructure consequently driving the protective relay market.

“Power sector is anticipated to emerge as the fastest growing end-use industry”

Power Sector is forecasted to remain the highest and most rapidly growing end-use segment with CAGR of over 5% from 2016-2024. Improved rate of industrialization along with upgradation in the capacity to produce power globally has resulted in growth for demand of relays. Other major factors such as the increasing population and increasing per capita income due to higher development rates has raised the level of electricity consumption in the Asia-Pacific region.

“Medium voltage accounted for highest market share in 2015”

In the year 2015 medium voltage sector consumed over 40% of the total market share. Increase in application of protective relays in power substations and systems is the reason for such high consumption. The demand for infrastructure and electricity is increasing in the nations such as UAE, Japan, Saudi Arabia, China and India due to rapid increase in the population relocation. Hence the increase in demand for electricity is expected to drive the market over the next 8 years.

“Criticality of protection of cables & lines expected to drive demand for feeder protection”

Feeder protection segment accounted for over 20% of the total revenue in the year 2015. The increasing need of protective relays used to protect the power transmission lines is estimated to boost the demand of protective relays over the next few years.

Chances of failure in the power transmission lines are more as compared to other factors due to their attributes such as length which is excessive to operate in open environment. This the reason lines and cables assembly needs dedicated protection that is promptly provided by protection relays.

“ABB, Siemens, Schneider and GE held significant market share in 2015”

The protective relay industry is consolidated and highly competitive with few key market players consuming over 60% of the total revenue share. Important players such as Siemens & Schneider along with GE-Alstom dominate the market, making it difficult for new players to enter the market. Innovation, new product development and product diversification are the strategies that are being implemented by the key players to remain competitive in the industry.

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Cell Isolation/Separation Market Growth Opportunities into Regions 2025

Industry Insights

The global cell isolation/ separation market size was estimated at USD 3.6 billion in 2016. There has been a recent increase in the use of the cell isolation in the stem cells research and cancer studies by the biotechnology companies and pharmaceuticals. This has triggered immense demand for related products. The cell separation is used for advanced analytical procedures in cancer and stem cells research. This has resulted in high demand for proteins and in turn is expected to support the cell isolation market during the forecast period.

Personalized medicine is customized medical treatment for each individual which facilitates greater outcomes. The cell isolation market procedures can be used for personalized medicine for the early detection of the diseases and to provide proper treatment. The separation of different cell types is a vital step for research, diagnostics, biomedical, and biotechnological applications. Thus, the rising demand for personalized medicine is a major factor augmenting the cell separation products.

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Product Insights

The product segment is fragmented into consumables and instruments. The consumables segment is estimated to account for the largest market share. The increase in investment in research and development activities by the biotech companies has led to a boost in the cell separation products. This has led to a surge in demand of the cell separation consumables adding to the segment growth.

The instruments segment is projected grow at a significant rate due to product development and advancement during the forecast period. This advancement is helpful in the efficient cell separation and diagnostics purposes. The increasing incidence of diseases is responsible for the rise in demand for therapeutics which in turn is adds to the growth of the separation products.

Application Insights

The biomolecule segment is reported to have the highest revenue share in 2016. The increasing focus on the production of the biopharmaceuticals such as monoclonal antibodies, biosimilars, and proteins add to the segment growth. Moreover, the increasing research investments and government funding has propelled the sector growth.

The cancer and stem cells research segment are expected to exhibit rapid growth in the forecast period. The growing investments made by the pharmaceutical companies in stem cells research is a major factor responsible for the growth of the segment. Investments are expected to yield newer products in the research process, ultimately increasing the demand for the novel and efficient techniques used in stem cells research adding to the market growth.

End User Insights

The end users segment is further categorized into research laboratories, institutes, and biotechnology & biopharmaceutical companies. The research laboratories and institutes segment accounted for the largest market share in 2016. This is due to the increased prevalence of the stem cells and cancer research.

The biopharmaceutical & biotechnology companies segment accounted for remarkable revenue share in the market. This is due to an increase in the R&D investment by biologics manufacturers for research activities related to protein therapeutics, monoclonal antibody, and cancer & stem cells research, which is expected to boost the demand for cell isolation products.

Regional Insights

North America accounted for the largest market share in the 2016. Presence of major biotechnology companies and pharmaceutical companies in the region as well as highly developed infrastructure has contributed to the growth of the regional sector. In addition, product advancements and drug discoveries in the region is further anticipated to boost growth.

Several biotechnology and pharmaceutical companies are penetrating the Asia Pacific region owing to high target population base, increasing disposable incomes, cheap labor, and rapidly growing economy. With highly populated countries, offer a large gene pool for more research thus. further helping the cell isolation market in the region. Moreover, there are less stringent regulations along with the availability of the skilled but cheap worker which add to the market growth.

Competitive Insights

Some of the key players in the market are BD Biosciences; Thermo Fisher Scientific, Inc.; Merck KGaA; Beckman Coulter, Inc.; GE Healthcare; STEMCELL Technologies Inc.; Terumo BCT; and Bio-Rad Laboratories, Inc. The increasing merger, acquisition, and collaboration between the companies have profited the cell isolation market growth. For instance, In August 2016, STEMCELL Technologies Inc. and GE Healthcare announced a licensing agreement. According to which STEMCELL Technologies’ T-Cell reagents will be commercialize by GE Healthcare. This reagent can be used for the separation, culture, and activation of T-cells in clinical applications. Moreover, the newer product launch and regional expansion have also attributed to the market growth.

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Cardiac Biomarkers Market Major Competitor and Strategies, Regional Outlook, 2025

Industry Insights

The global cardiac biomarkers market size was estimated at USD 4.7 billion in 2015. Rising prevalence of cardiovascular diseases globally and escalating popularity of POC testing are some of the main factors contributing toward the market growth.

Cardiac biomarkers are the substances released in the bloodstream due to heart related damage and stress. as a result of insufficient blood supply to the heart. The detection of the biomarkers is used for the identification of various heart conditions such as, acute coronary syndrome, acute myocardial infarction, ischemia, congestive heart failure.

High prevalence of cardiovascular diseases worldwide has resulted into a significant growth in the cardiac biomarkers market. According to the WHO, about 17.5 million people globally suffer from some heart condition. The increasing preference to the use of the cardiac kits and more awareness among the people regarding the application of the cardiac biomarkers is expected to augment the market in the near future.

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Application Insights

Based on application, the market is segmented into ACS (acute coronary syndrome), AMI (acute myocardial infarction), and CHF (congestive heart failure). The cardiac biomarkers have major application in the diagnosis of ACS and thus, this segment accounted for largest revenue generating sector. According to American Heart Association (AHA), the Americans are estimated to spend around USD 150 billion for treating ACS posing a huge social and economic burden.

Followed by ACS, myocardial infarction held the second largest market share in 2015. The increasing number of the geriatric population has led to the growth of the sector, in this segment, as the elderly population is more prone to cardiac-related ailments. In addition, the growing unhealthy, sedentary lifestyle and alcohol consumption has further augmented the chances of the heart problems, hence, boosting the cardiac biomarker market growth.

End User Insights

The end user segment is fragmented into two types namely, laboratory testing and point of testing (PoC). The laboratory testing held the largest revenue share in 2015. Increasing incidence and prevalence of heart-related diseases is expected to flourish the segment growth.

The PoC testing segment is projected to witness growth at the highest CAGR during the forecast period. The rising demand for the PoC segment has led to the growth of the segment. Moreover, the rising awareness in the developing countries regarding the use of PoC testing and its application in cardiac biomarkers has nurtured the market growth.

Regional Insights

The regional market considered in the cardiac biomarkers sector are North America, Europe, Asia Pacific, Latin America, and MEA. North America is estimated to account for the largest revenue share in 2015. The high prevalence of the cardiac disorders in the North America has boosted the application of cardiac biomarkers in North America. Moreover, the increasing popularity of the PoC testing has added to the growth of the market.

The Asia Pacific region is anticipated to witness fastest growth owing to large population base with target disease. The high prevalence of the cardiovascular diseases has augmented the cardiac biomarker products in the Asia Pacific region. The major emerging markets such as India and China attributes for the major growth in the cardiac biomarker segment in the Asia Pacific region.

Competitive Insights

The major players in the cardiac biomarker market include Roche Diagnostics; Siemens Healthcare; Alere, Inc.; Beckman Coulter, Inc.; Thermo Fisher Scientific, Inc.; Bio-Rad Laboratories, Inc.; Becton, Dickinson and Company; bioMérieux SA; and Randox Laboratories Ltd.

The new product launches and increasing development in the products are major growth trends in the cardiac biomarker market. The rising demand for efficient and rapid diagnostics of cardiovascular diseases is the key contributing factor to the sector growth. Alere triage panel, manufactured by Alere, Inc., is a combination of three major biomarkers namely, CK-MB, myoglobin, and troponin I. The test is handy due to efficient detection of the cardiovascular disease and, being a combination product, there is a great demand for the test in the market.

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Temporary Labor Market Present State and Future Growth Prospects By 2025

 The global temporary labor market size is projected to touch USD 673.43 billion by 2025. The market is projected to register a CAGR of 6.4% over the forecast duration. The need to employ extra labors in additional projects during peak working periods are supplementing the market demand.

With the evolution of various technologies such as Virtual Reality (VR) and Augmented Reality (AR), the demand for skilled labor has increased significantly. Small and large enterprises are hiring temporary employees to reduce the cost of the projects and increase the efficiency of their operations.

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Further, governments across the globe are introducing various programs such as smart cities construction, healthcare schemes and others. Additionally, countries are also introducing programs for guest workers where workers from other countries work in host countries. For example, H-2B and H-2A programs in the U.S allow owners of the farms to bring workers for different tasks including agricultural and non-agricultural.

Unlike regular workforce, in temporary employment, employers are not obliged to offer different benefits such as health insurance, retirement security and different other compensations. Thereby, the total cost of hiring reduces significantly. Such advantages to employers encourage them to hire temporary labors.

Further key findings from the report suggest:

• The management labor type segment is anticipated to grow at a CAGR of 11.0% over the forecast duration.

• Among different end-use, the healthcare segment is projected to register a CAGR of 8.3% over the forecast period.

• Europe is estimated to be the largest region in terms of value with share expected to reach USD 222.37 billion by 2025. This growth is largely attributed to the growing popularity of online food services.

COVID-19 Impact Insights

The temporary labor market has witnessed a mixed response owing to the outbreak of COVID-19. The pandemic has led to the closure of various activities including manufacturing, mining and construction among others. The social distancing norms and growing focus on curbing the COVID-19 spread have led to labor migration, consequently, affecting the market growth.

However, with the systematic reopening of economies, the demand for temporary labor is rising owing to their easy and cost-effective procurement. The significant drop in the temporary labor requirement has caused unemployment both skilled and unskilled labor, this makes the availability of labor easy.

Global Temporary Labor Market : Key Players

Allegis Group, Manpower Group Inc., Westaff, Hays plc, and Robert Half International Inc.

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Plant Cell Culture Equipment Market Share, Emerging Trends, Analysis and Forecasts 2025

 The global plant cell culture equipment market size is expected to value at USD 1.05 billion by 2025. The overall market is expected to grow at a CAGR of 13.1% throughout the projected years. The need for transgenic crops is increasing due to several advantages provided by these crops like improvement in the productivity, quality, and yield and the creation of insect-resistant cultivators for crops. The genomes of transgenic plants are modified with genetic engineering methods to produce new traits or species to the plant. Lodging an integration of genes in a crop makes it highly productive.

Moreover, transgenic plants are produced to fulfill the particular requirements of the pharmaceutical industry. The evolution of different genetic engineering methods is anticipated to boost the market in the near future. Plant cell culture equipment is a lucrative renewable source of vital medicinal compounds, fragrances, flavors, and colorants; which are hard to be developed by microbial cells or chemical synthesis. Plant cell culture technology allows the manufacturing of crops that provide better yield along with resistance to pathogens and severe weather conditions. Furthermore, this technology can be adopted for offering a constant and reliable source of plant pharmaceuticals.

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Plant cell culture can be adopted as a substitute for the collection or cultivation of plants. Natural products are largely being isolated through plant cell cultures and the number is rapidly increasing. The cells unlike microorganisms are largely cultured in a fermenter. The process of fermentation provides benefits on the collection of field cultivation or plant material for the isolation of heavy chemicals. These benefits consist of the production of completely new plant cells and compounds under monitored environments and the constant supply of plants in the form of raw materials.

Further key findings from the report suggest:

• The gradually rising population has stimulated the need for agricultural produce thus, propelling the plant cell culture equipment market growth.

• Growing R&D in the area of tissue and cell engineering has further supported market development.

• North America is anticipated to observe substantial growth due to higher R&D activities in the industry.

Global Plant Cell Culture Equipment Market : Key Players

Tecan Group Ltd. (Switzerland); Thermo Fisher Scientific, Inc. (U.S.); LGC Limited (London); Geneq, Inc. (Canada); Conviron (Canada); and LabRepCo, Inc. (U.S.).

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Dehydrated Garlic Market Key Players and Growth Information Analysis Report by 2025

 The global dehydrated garlic market is projected to reach USD 2.9 billion by 2025 and anticipated to grow at a CAGR of 3.3%, over the forecast period, from 2019 to 2025. The market growth is majorly driven due to the increasing health awareness of dehydrated garlic among consumers. This product improves the cholesterol level that reduces the risk of heart diseases and improve immunity. Furthermore, the increasing popularity of garlic in broth and soups in restaurants, as it helps to improve the kidney function, is anticipated to fuel the market growth over the forecast period.

The granules and powder segment is projected to grow with a CAGR of more than 3.0% in terms of volume over the forecast period. This growth is attributed to growing convenience of addition in the food industry and for medicinal preparation. It also helps to save labor’s grinding energy. In addition, the roasted granules and powder offer nutty flavor which is highly preferred by people across the world.

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In 2018, Asia Pacific accounted for the largest market share of 35.0% in terms of volume. This high volume share is attributed to the high usage of garlic as the key ingredient in the cuisine of India and China. In addition, Chinese physicians used to protect from cancer, to treat platelet clumping, and heart diseases.

Several initiatives such as partnerships, mergers, and acquisitions have taken by manufacturers in developing countries due to rising spending capacity of the working population for dined out is expected to fuel market growth in the next few years.

Further key findings from the report suggest:

• In product segment, flakes and cloves is expected to generate a revenue of USD 1.4 billion by 2025.

• In 2018, application wise the B2B sector accounted for largest market share for more than 50.0% in terms of revenue.

• The online sales channel estimated to account for more than 20.0% revenue market share by 2025.

• In 2018, Asia Pacific accounted for largest market share of more than 35.0% in terms of volume.

Impact of COVID-19

The outbreak of COVID-19 has witnessed a significant impact on dehydrated garlic market growth. Lockdowns in several countries have led toa shortage of food and vegetables owing to restrictions for border crosses by governments. It has been observed that people have changed their eating habits and lifestyles. Therefore, the demand for essential commodities and spices including fresh/dehydrated garlic has increased. Moreover, growing awareness regarding the health benefits of dehydrated garlic among people has increased demand globally. Dehydrated garlic is majorly produced in emerging economies such as China and India. Thus, from several countries like U.S., Australia, Egypt, Israel, and among some of the other countries are importing spices including dehydrated garlic from India due to supply chain disruption in China during pandemic.

Global Dehydrated Garlic Market : Key Players

Ganesh Dehy Foods, AsianFood Export, Apple Food Industries, SHANDONG YUMMY Food Ingredients CO., LTD. Harsh Impex, Garlico Industries Ltd., KOHINOOR FOOD INDUSTRIES, Jiyan Food Ingredients, Nature Exports Co., and Natural Agro Food.

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Blockchain Technology Market Competitive Landscape Report to 2025

 The global blockchain technology market is estimated to reach USD 57,641.3 million, by the end of 2025, and is anticipated to grow at a CAGR of 69.4% over the forecast period, 2019 to 2025. Blockchain technology helps to monitor all types of cryptocurrency transactions. This technology works as a record-keeping & electronic transaction & record processing system. This solution enables users that are connected over the network to track data through a secured network, thereby, eliminating the need for third party authentication.

The market is anticipated to propel at a rapid pace due to various benefits such as minimized error rate, elimination of reconciliation, and reduction in record delicacy. Blockchain technology solution makes the database to be universal and allows different institutions to utilize the same. This universal access at the same time increases the efficiency of the system.

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Growing demand for blockchain solutions across healthcare, financial services, media & telecom, public sector, and transportation sector is boosting the market growth. Increasing acceptance of cryptocurrency and rising demand from the BFSI sector is also proliferating the need for blockchain technology. This technology provides instant settlements for financial transactions with optimized options.

Further key findings from the report suggest:

• Public type segment is projected to propel at the fastest CAGR of over 70.1% over the forecasted period, 2019 to 2025. Growing adoption of this solution in government & institutions is supporting the segmental growth.

• Application & solution component segment is estimated to grow the CAGR of more than 71.2% during the forecasted period. Various benefits like reduced data duplication, timely authentication are contributing to market growth.

• Digital identity application segment is projected to register the fastest CAGR in the next few years.

• Based on the enterprise size, small and medium enterprise segment is anticipated to register the fastest CAGR of over 70.7% during the forecasted period.

• In 2018, financial services type segment led the blockchain technology market with the highest share and is estimated to continue its dominance in the next six years.

• Asia Pacific is projected to register the highest CAGR from 2019 to 2025. Growing demand for blockchain technology in banks & finance institutions is driving the market growth.

COVID-19 Impact Analysis

The outbreak of COVID-19 has negatively impacted the global blockchain technology market. COVID-19 crisis has disrupted supply chains network of all industries and their commerce business. Blockchain technology is expected to be critical for potential rebuilding of disrupted network. This technology provide transparent and secured data on transactions and goods services.

Amid COVID-19 blockchain in finance sector is expected grow at faster pace than other industries. Data storage, goods authentication, and food tracking applications involve financial transactions, which are projected to contribute to market growth.

Global Blockchain Technology Market : Key Players

Microsoft Corporation; Linux Foundation; IBM Corporation; Deloitte; BTL Group; R3; Chain Inc.; Global Arena Holding, Inc. (GAHI); Circle Internet Financial Limited; Eric Industries; and Ripple.

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Analytics of Things Market Forecast, Growth Impact and Demand by Regions till 2025

 The global analytics of things or internet of things (IoT) analytics market size is projected to value at USD 57.3 billion by 2025, registering a CAGR of 29.7% from 2017 to 2025. The rising demand for cost-effectiveness and advanced technologies are surging the demand for analytics of things. These solutions enable users to access real-time information. Deployment of useful data has turned out to be easier owing to high-tech sensor integration. The use of extracted data helps enterprises to make timely decisions.

Cost reductions of components and ease of deployment are also stimulating the use of analytics of things. IoT analytics can be used for several applications like infrastructure management, security management, and building automation. It further caters to the analysis of large volumes of data extracted by IoT. Moreover, it enables connecting, transforming, processing, aggregating, and managing real-time insights. The analytics of things solutions provide benefits like scalability, real-time reviewing, and cost optimization to businesses. These factors are expected to stimulate the internet of things analytics market over the projected period.

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The presence of burgeoning data and strong wireless network created by IoT in regions like North America are catering to extensive use of IoT analytics. Therefore, the region is anticipated to witness significant growth in the upcoming years.

Further key findings from the report suggest:

• The healthcare & life sciences vertical segment is expected to register a share exceeding 12.5% of the total revenue till 2025 due to solutions offering timely signals to doctors and help in attaining actionable insights and data monitoring.

• SMEs are expected to emerge as the most lucrative organization division over the projected period due to the rising competition and the preference for the latest technologies for time and cost management.

• The cloud segment is expected to lead the IoT analytics market registering a CAGR of over 30.0% from 2017 to 2025. The growth can be imputed to its 24/7 accessibility, lower maintenance costs, and are gaining traction.

• North America was the highest revenue contributor in 2016 due to the existence of leading market participants and the adoption of the technology in the early stage.

Global Analytics of Things Market : Key Players

Cisco Systems, Inc.; Google; Microsoft; and Hewlett Packard Enterprise Development LP

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Luxury Hair Care Market by 2027 Analysis, Growth Driver, Regions

The global luxury hair care market size is anticipated to value USD 31.50 billion until 2027. It is also expected to register 5.9% CAGR over the forecasted period, 2020 to 2027. The increasing disposable income of the millennial population coupled with rising awareness about hair care products is projected to propel the market growth.

In 2019, the product segment of shampoos accounted for the largest share of more than 31.4% owing to the increasing consumer demand towards the adoption of shampoos having organic and natural ingredients. The hair coloring segment is anticipated to gain the highest growth in the upcoming years due to the shifting trend towards the adoption of at-home hair coloring treatment.

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The specialty stores segment dominated the global market with a 31.0% share in 2019 on account of rising inclination among consumers for physical verification of the products. On the other hand, the e-commerce segment is estimated to witness the fastest growth in the upcoming years due to the increasing adoption of smartphones and the internet.

In 2019, Asia Pacific held the largest share of 39.3% across the global luxury hair care market owing to the rising adoption of natural and organic shampoos across countries like India and China. North America is expected to register significant growth over the forecasted years, 2020 to 2027 due to the surging consumer demand for premium hair care products and rising online spending.

Product innovation and development is carried out by the key players to widen their geographical reach and product portfolio.

Further key findings from the report suggest:

• In 2019, the shampoo segment held the largest share of 31.4% across the global market.

• The e-commerce distribution channel segment is projected to witness highest CAGR from 2020 to 2027.

• Asia Pacific accounted for the highest share of 39.3% across the global market in 2019.

COVID-19 Impact Analysis

The market has been negatively impacted due to the COVID-19 pandemic. The imposition of lockdown and restrictions over the movement of cargo has severely hampered the supply chain. Moreover, shutting down of salons due to the risk of the spread of viruses along with the lack of skilled laborers in these salons is anticipated to hinder the market demand for luxury hair care products. But, rapid technological advances undertaken by the players like the usage of organic ingredients are expected to drive the market growth.

Global Luxury Hair Care Market : Key Players

KOSÉ Corporation, L’Oréal, SEVEN, LLC, Alcora Corporation, and Estee Lauder Companies.

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