Thursday, April 30, 2020

Liquid Nitrogen Market | Trends, Key Country Analysis, Competitive Landscape and Comparative Analysis by 2023

Market Highlights
Such nitrogen is best for preserving food, biological and medical products. Various drivers which are responsible for the growth of Liquid Nitrogen Market are growing demand of electronic products and growing demand from healthcare sector. Metal fabrication, automotive, and lighting are other factors which drives the growth of these segment. There is an opportunity for the growth of liquid nitrogen due to growing chemical industries in developing and under-developed region.
North America is going to witness the largest market share during 2016 to 2022 due to growing demand of liquid nitrogen in the region across various end-use industries. Asia-Pacific is going to witness the fastest growth due to growth in the developmental activities and rapid economic expansion. The demand for liquid nitrogen is increasing due to increase in income level of individual in this region. Growth in the food & beverages and electronics industries in the countries of China and India has fueled the demand for such liquid nitrogen in the region of APAC.
Study Objectives of Liquid Nitrogen Market:
  • To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Liquid Nitrogen Market
  • To provide insights about factors affecting the market growth
  • To Analyse the Global Liquid Nitrogen Market based on various factors such as supply chain analysis, and Porter’s five force analysis 
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
  • To provide country level analysis of the market with respect to the current market size and future prospective
  • To provide country level analysis of the market for segments by function, by production technology, by end-use and by region
  • To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
  • To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Liquid Nitrogen Market.
Market Research Analysis
The market is highly application based. It is dependent on the usage in the end-use industries.  Chemical & Pharmaceutical are the dominating segment, by end-user due to growing demand of liquid nitrogen in this region. In pharmaceutical industry, liquid nitrogen is widely used as a cool reactors which are filled with catalyst during the repair work which helps to maintain the required temperature. Liquid nitrogen is also expected to witness growth in different segments such as healthcare, food & beverages, and rubber & plastic sectors.
The factors contributing to the growth of liquid nitrogen are high demand of electronic products and increasing demand from healthcare sector. Growing chemical industry plays a major role in the growth of the liquid nitrogen because it is extensively used in chemical industries.
Scope of the Report
This study provides an overview of the global Liquid Nitrogen Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global coating equipment market by function, by production technology, by end-use and by region

  • By Function
  • Coolant
  • Refrigerant
By Production Technology
  • Cryogenic distillation
  • Pressure swing adsorption
By End-User
  • Chemicals
  • Pharmaceuticals 
  • Food & beverages
  • Others
By region
  • North America
  • Europe
  • Asia-Pacific
  • ROW
Global Key Players
  • Linde Ag
  • Praxair Inc.
  • Air Liquide S.A.
  • Nexair LLC
  • Taiyo Nippon Sanso Corporation
  • Messer Group
  • Air Products and Chemicals Inc.
  • Gulf Cryo
  • Emirates Industrial Gases Co. LLC.
  • Southern Industrial Gas Berhad

Note: Our Team of researchers are studying Covid-19 and its impact on Various industry Verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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Insulation Market | Slaes & Revenue, Future Growth, Trends Plans, Top Key Players, Business Opportunities, Industry Share, Global Size Analysis by Forecast to 2022

Market Overview:
Insulation is required for building purposes as they serve a variety of reasons. Market Research Future, a firm which specializes in market reports related to the Construction sector among others, recently published a report on this market.  The global insulation market will expand at a rapid pace with an increase in revenue and an encouraging CAGR in the forecast period.
As the demand for insulation products rises every day, the market for insulation products is expanding in proportion to meet this demand. With increase in construction activities around the world, the demand for insulation products has increased significantly. Rising costs of energy have also supplemented the growth of the sector tremendously. Factors such as increasing rate of urbanization and need for energy efficiency has further bolstered the growth of the market.
Top 10 Competitive Landscape
  • CertainTeed Corporation
  • Huntsman Corporation
  • Nova Chemicals Corporation
  • Dow Building Solutions
  • GAF Materials
  • Johns Manville
  • Owens Corning
  • Knauf Gips
  • Bayer AG
  • Atlas Roofing Corporation
Market Segmentation
The Global Insulation Market has been segmented based on material and application.
By material, the global insulation market has been segmented into fiberglass, plastic fibers, mineral wood, and natural fibers.
By application, the global insulation market has been segmented into residential and non-residential.
Industry Updates
February 2019- Chinese and American researchers have reportedly developed a new variety of aerogel which can be used for insulating applications. The material has robust mechanical and thermal stability as performs exceptionally well in transformation and toughness.
Regional Analysis
By region, the global insulation market has been segmented into North America, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).
APAC is the largest market for insulation. Prolific growth of the construction industry and high focus on energy conservation are driving the market in APAC. The governments in the region have laid down various regulations which encourage insulation in end use applications.
North America is a significant market driven by steady investments in the real estate market and consumer affinity for green buildings. Continuously expanding construction industry and developments in commercial and residential structures in the US fuels the growth of the market. Government focus on conservation of energy has resulted in the development of standards which advocate the use of insulating materials which induce high demand within the market.
Europe too is an important revenue pocket for the global insulation market. The resurgence of construction activities coupled with towering environmental concerns is favoring the use of structural adhesives. Moreover, growing interest in energy saving and increasing investment in commercial and infrastructure construction is also supporting market growth.

Browse key industry insights spread across 132 pages with data tables and figures of the report “Insulation Market Information by Material (Fiberglass, Plastic fibers, Mineral Wool, Natural fibers and others) and by Applications (Residential, and Non-residential) and Region - Global Forecast to 2022” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/insulation-market-1654
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Industrial Batteries Industry | Size, Share, Emerging Trends, Demand by Region with the Forecast to 2023


Market Overview:
Industrial batteries are mechanically designed to endure harsh environments for a prolonged period of time while surviving thousands of recharge cycles and operating under a wide temperature range. Industrial batteries find application in core industries such as Power, Oil & Gas, Steel, Cement, Telecom, Railways, Urban Metro, IT, Financial Institutions, and Non-Conventional Energy Systems. Expansion of key end-user industries translates growth into the global industrial batteries market.  The global industrial batteries market is expanding at a torrid pace and is likely to scale to a significant valuation over the forecast period of 2017-2023, predicts Market Research Future (MRFR) in a thoroughly studied report.
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The fourth industrial revolution represents mammoth growth opportunities to the global industrial batteries market. Batteries are an absolute essential for the industrial revolution as they facilitate energy storage on a mass scale. Growing electrification projects across the globe are also likely to augment the growth of the global industrial batteries market.
The automotive industry is a major end-user for industrial batteries and generates huge demand which can be credited for the growth of the market. A huge chunk of the global electrical batteries market demand id earmarked for the electric vehicles sector where lithium-ion batteries are used to electric power vehicles.
Advancement of battery technology has resulted in the development of industrial batteries which can withstand harsher conditions, resist extreme temperatures, and are ultra-small. Design improvements allow industrial batteries to deliver long-life operation along with high cycle rate and lower self-discharge.
Other factors contributing to the market growth include growing infrastructural activities across the globe, especially in the emerging economies and rapid urbanization. On the downside, the growth of the global industrial batteries market is expected to be impeded by the implementation of stringent regulations by various regulatory bodies and concerns over the use and disposal of toxic materials used in industrial batteries.
Competitive Landscape
·        C&D Technologies, Inc.
·        East Penn Manufacturing Company
·        GS Yuasa Corporation
·        Enersys Inc.
·        Johnson Controls Inc.
·        Northstar Battery Company LLC
·        Exide Technologies Inc.
·        Robert Bosch GmbH
·        Saft Groupe S.A.
·        Toshiba International Corporation
Industry Updates
February 2019- Gelion Technologies Pty Ltd., a Sydney-based energy storage start-up launched a new battery which relies on zinc bromine. The technology was developed as part of a contract with the University of Sydney. These batteries have been integrated into solar light poles across the university campus. The company intends to produce these batteries on a mass scale for numerous energy applications.
Segmentation
The Industrial Batteries Industry has been segmented based on type and application.
By type, the global industrial batteries market has been segmented into acid, nickel-based, lithium-based, and others.
By application, the global industrial batteries market has been segmented into telecommunication, power storages, industrial equipment, electric grid storage, and others.
Regional Analysis
By region, the global industrial batteries market has been segmented into North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
APAC market is likely to expand at the highest CAGR over the forecast period. The rapid pace of industrialization in the APAC region and expanding telecommunication industry present ample growth opportunities for the growth of the market. Towering demand for electric grid storages is also likely to induce high demand for electric batteries.
The MEA market is expected to showcase tremendous growth over the forecast period. The crude oil industry generates massive demand for industrial batteries in countries such as Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait. Presence of oil & gas reserves in the region is likely to propel industrial activity in the region which will further drive the market in the forthcoming years.
The North America market is driven by an increase in the production of electric grid storages. The US is the key contributor to North America and accounted for the largest share of the global market in 2016.
Demand for industrial batteries is anticipated to rise in countries such as Italy, Germany, Spain, the U.K, France, and Russia in the coming years. Heightened demand from the automobile industry and the growing manufacturing industry boosts the growth of the Europe market.
Latin America market is likely to be driven by the proliferation of industries and innovation in the field of batteries.
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Global & US Sodium Tungstate Market Size, Share and Manufacture Development Analysis by 2018-2027


Global & US Sodium Tungstate Market: Overview
Sodium Tungstate, with the formula Na2WO4 is an inorganic compound. It is the sodium salt of tungstic acid, which is colorless or white color crystalline powder and water-soluble solid. Sodium Tungstate acts as analytical reagent, catalyst, fire proofing agent. Sodium tungstate can be used in manufacturing various chemical elements such as tungsten salts, metal tungasten, tungsten acid, dyes. It is a medium that helps in conversion of tungsten ores to the metal.
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Global & US Sodium Tungstate: Market Influencer
Globally, Sodium Tungstate market is growing rapidly due to its multiple applications and uses in wide range of industries. Mainly sodium tungstate deals with industries that are involved in chemicals. As per studies the market for chemical products is expected to grow of about 5.6 trillion euros by 2035 resulting there is huge stability for chemical industries. As there is high growing rate for chemical industries in the world simultaneously there is growth in Sodium tungstate market.
Global & US Sodium Tungstate Market: Applications
Sodium Tungstate is an inorganic compound that is applicable in multiple fields such as chemical industries, medical, metal industries, glass industry, and textile industry and many others.
In medicinal field, it is applied for treating as an anti-diabetic and anti-obesity agent. When administered orally sodium tungstate acts as an effective antidiabetic agent. Sodium tungstate have dual effects of on adipocyte biology i.e. stimulation of cellular oxygen consumption and inhibition of adipogenesis.
Sodium Tungstate are used in manufacturing various types of heteropoly acid color lakes that are used in printing inks, plants, waxes, glasses, and textiles.
Global & US Sodium Tungstate: Market Segmentation
The Sodium tungstate market is divided into following segments
Segmentation by Application
  • Anti-diabetic Agent
  • Anti-obesity agent
  • Catalyst
  • Permanent chemical modifier
Segmentation by Channel Participants
  • Research laboratories
  • Textile industry
  • Chemical industry
  • Metal industry
  • Glass industry
  • Medical industry
  • Others
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Global & US Sodium Tungstate: Regional Market Information
North America
Globally, North America is leading market for Sodium Tungstate. This is mainly because of the growth rate of large and diverse manufacturing industry trends to track the GDP. US is the one of the raising market for overall chemical industry. According to the study it is expected that for the next 10 years U.S. would represents of about 80% chemical market in North America. And U.S. will be the largest chemical exporters in North America. The trend of re-industrialization is one of the factors for the growth of Sodium tungstate market.
Europe
Europe region is also showing high growth in Sodium tungstate market. Germany and Italy are top two countries for chemical industry. The main reason for the growth of Sodium tungstate market in Europe is the high productivity and innovation towards the chemical industries. The growth and development of large scale industry and small scale industry has huge impact on market for sodium tungstate.
Global & US Sodium Tungstate Market: Key Players
Some of the prominent key players in the global & US Sodium Tungstate market are as Kat-Chem Ltd, Ganzhou Grand Sea W& Mo Group Co., Ltd, Yuanhang Tungsten, HCstarck, Taizhou BangDe, Ningxiang Changyi etc.
Market Research Future introduces about 2016 Global & US Sodium Tungstate Market during the forecast period 2016-2027 which mainly includes the growth drivers, trends and restraints and how the market will grow in the future across the globe. In this report, Market Research Future has focused on the current market scenario which includes market segmentation, market dynamics, and competitive landscape along with company profiles.
The reports also covers brief analysis of Geographical Region includes:
Americas
- North America (US, Canada)
- Latin America (Argentina, Brazil, Mexico, Rest of LATAM)
Europe
- Western Europe (Germany, France, Italy, Spain, U.K, Rest of Western Europe)
- Eastern Europe (Poland, Russia)
Asia – Pacific
- Asia (China, India, Japan, South Korea, Rest of Asia)
- Pacific Countries (Australia, New Zealand)
Middle East & Africa
- Middle East (Saudi, Qatar, UAE)
- Rest of Middle East (Africa, South Africa, Rest of Africa)
Every report of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report also gives a broad study of the different market segments and regions.
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Global & US Inorganic Salt Market | Top 10 Companies, Trends, Growth Factors, Global Industry Overlook during Forecast Period

Global & US Inorganic Salt Market: Introduction
Inorganic salt is a salt which contains an organic ion or carbon atoms. Inorganic salt comes under the broad category of number of salts which mainly includes halides, oxides, carbonates, acetates, sulfates, nitrates, hypochlorites, silicates, phosphates and several others but the chemical and physical properties of each of these are different from each others. Each and every classification of inorganic salt is again differentiated on the basis on their functions. The present definition of inorganic compounds frequently includes all the metal-containing compounds, even those found in living systems.  However, Inorganic salts are salts of such elements (salts that don't contain carbon atoms) for instance KCl, NaCl, Al2SO4, BaCl2 and others.
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Global & US Inorganic Salt Market: Market Growth Influencer
Inorganic salt is a widespread substance which is used in various industries such as fertilizer industry, agriculture industry, and agrochemical industries and among others. In the recent past years, due to the growing population and continuously growth of agrochemicals and agriculture industry has met the expectation of overall growth of global inorganic salt market. Magnesium oxide and rubber are the major elements of inorganic salt. The growth in rubber industries and increasing demand for magnesium oxide has propelled the market growth for global inorganic salt market. The extensive usage of calcium salts, nitrates, ammonium phosphate, zinc salts and others to improve the soil nutrient content are known as the primary factors which are propelling the growth of global inorganic salts market. In pharmaceutical industry, inorganic salt has been used as an important application as an antacid. In the construction industry, it is used in cement as an epsom salt which is very widely used in gardening, household usage, agriculture and several other areas. These factors are anticipating the overall growth of global inorganic salt market. On the other hand, the factor which is limiting the global inorganic salt market is that inorganic salt sometime act as a toxic substance which is can be hazardous for one’s health. The opportunities which are knocking the door for global inorganic salt market is coming into the existence of modern biotechnological equipments like High pressure liquid chromatography.
Global & US Inorganic Salt Market: Market Segmentation
For the purpose of this study, MRFR has segmented the global inorganic salt market on the basis of applications and types. On the basis of application, the market is segmented into food and beverage industries, agriculture industries, pharmaceutical industries and others (chemical and construction industries) and on the basis of types the market is segmented into calcium salt, ammonium salt, potassium salt, sodium salt and others.
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Global & US Inorganic Salt Market: Regional Analysis
The inorganic salts have multiple uses in several applications and are widely used across the globe. As it is used in the several industries, the demand for inorganic salt is very high. Even though, it has having a huge range of customers across the globe. Particularly, India, China, Brazil and other several countries are considered as the major consumer of inorganic salt. In the US and China the consumption rate is much higher due to the huge construction sites and also for the rubber industry. It is extensively used in the pharmaceutical industry and India is known for the huge market for generic medicines. Therefore, there is a huge possibility for the market growth. The use of inorganic salt in medicine is pervasive in these regions. Inorganic salt is also used in the fashion and apparel industry, home furnishing and others. Due to this the European market has an ample opportunity being considered as huge market for fashion and apparel. 
Global & US Inorganic Salt Market: Key Players
Ø  MerckMillipore
Ø  Sigma Aldrich
Ø  Fisher Scientific
Ø  Otsuka Chemical Co Ltd
Ø  MerckMillipore
Ø  Loba Chemie,
Ø  Lenntech, Arkema SA
Ø  Bann Química
Ø  Chemtura Corporation
Ø  Behn Meyer Solutia Incorporated
Ø  Emerald Performance Materials
Ø  Lanxess AG, Eastman Chemicals Co
The reports also covers brief analysis of Geographical Region includes:
Americas
- North America (US, Canada)
- Latin America (Argentina, Brazil, Mexico, Rest of LATAM)
Europe
- Western Europe (Germany, France, Italy, Spain, U.K, Rest of Western Europe)
- Eastern Europe (Poland, Russia)
Asia – Pacific
- Asia (China, India, Japan, South Korea, Rest of Asia)
- Pacific Countries (Australia, New Zealand)
Middle East & Africa
- Middle East (Saudi, Qatar, UAE)
- Rest of Middle East (Africa, South Africa, Rest of Africa)
Every report of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report also gives a broad study of the different market segments and regions.
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Food Antimicrobial Coating Market – Share, New Global Research on Present State & Future Growth and Analysis Prospects to 2023

Market Overview:
Food Antimicrobial Coating is essentially applied in hygiene-critical activities such as food processing, preservation, and others where precautions are necessary to minimize microbial survival and growth. The organic matter present on food contact surfaces (FCS) can help microbial attachment to create a food safety risk. In such scenarios proper surface cleaning and sanitization are essential safeguards against foodborne illness.
Hence, vessels with food antimicrobial coatings are used in food processing to counter the risk of food safety getting compromised. During food processing, a systems-based approach is essential to achieve clean surfaces and environments which includes effective cleaning and sanitization, workflow optimization, environmental controls, and the integration of antimicrobial technologies where appropriate.
Despite the implications of regulations made for minimizing microbial contamination in pharmaceutical cleanrooms outlined in regulatory documents published in Europe and the US for the manufacture of sterile medicinal products and the implementation of stringent hygiene measures, the risk of bioburden is still present.
The Food Antimicrobial Coating Market is rapidly increasing over the past few years mainly due to the burgeoning food and beverages industry. Moreover, the consumer preference for good quality and standardized food products with extended durability escalate the market on the global platform.
Acknowledging the huge traction, the market is experiencing currently, Market Research Future (MRFR) in its recently published study report asserts that the global food antimicrobial coating market is expected to grow exponentially by 2027, registering a phenomenal CAGR throughout the anticipated period (2016 – 2027). 
The apparent beneficial applications of these coatings are vessels used in hygiene conscious environments like restaurants, medical care facilities, and schools among others. The antimicrobial technology active in these coatings abolishes over 95% of bacteria and mold on a protected surface, auguring user’s complete protection against microbial elements.
Additional factors propelling the market growth include the rising concerns related to prevention of contamination risk in sectors such as F&B, pharmaceutical, and medical equipment. Also, factors such as the prevalence of infections, infectious diseases/ disorders occurred through instruments used in the food and pharmaceutical processing foster the growth of the market. 
Technological advancements transpired in the field are dominant driving forces of the market. Improved standards of living led by the improved economic conditions, worldwide that are allowing substantial investments in health and physical wellbeing are likely to continue in the future fueling the demand for food antimicrobial coating.
On the flip side, factors such as the efficacy of antimicrobial coating materials which is hard to measure and reduces over the period are expected to impede the growth of the market. Also, the volatility in the price and demand & supply gap of the raw materials required for the production of surface treatment chemicals are posing challenges in the market growth.
Nevertheless, the availability of low-cost, sustainable, and environment-friendly antimicrobial coating agents will support the growth of the market over the assessment period.
Global Food Antimicrobial Coating Market – Segmentation
For enhanced understanding, the report has been segmented into three key dynamics.
By Type: Silver, Copper, and Zinc Oxide among others.
By Application:  Sweeteners, Processed, and Ready to eat food among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Food Antimicrobial Coating Market – Regional Analysis
Continuing with its dominance, the North American Food Antimicrobial Coating Market is expected to surge, witnessing the high consumption of these products. Growing further, over its previous growth records by 2027 the region is expected to create a more significant revenue pocket in the global market.
The US market, backed by the presence of major end-use industries such as food processing and beverages accounts for the major growth contributor to the regional market. Besides, continuous R&D efforts transpired to bring novelties in the products alongside the high per capita income foster the growth of the regional market.  Moreover, the increasing demand for fast and processed food products is a key driving force behind the growth of the regional market.
The European region accounts for the second-largest market for food antimicrobial coating, following the North American market closely. Countries such as the UK, France, Italy, and Germany account for the major contributors to the growth owing to the presence of a large F&B industry and the well-established market players.
Moreover, factors such as high disposable income alongside the burgeoning Pharmaceuticals industry led by the resurging economy in the region positively influence the food antimicrobial coating market.
The food antimicrobial coating market in the Asia Pacific region is rapidly emerging as a profitable market, globally. Some of the rapidly developing economies such as India & China are estimated to witness exponential growth, resulting in increasing the size of the regional market.
Moreover, factors such as the increasing importance of the preservation and enhanced shelf life of the food products are expected to drive the market demand for food antimicrobial coating in the APAC region. Also, favorable regulations aimed at promoting foreign investments in domestic food & beverage industry is another key factor propelling the growth of the regional market.
Global Food Antimicrobial Coating Market – Competitive Landscape
Highly competitive, the food antimicrobial coating market appears to be fragmented owing to the presence of several well-established players. Mergers & acquisitions, brand reinforcement, and innovations remain the key strategies adopted by the leading players of the market.
These market players compete based on quality, price, reputation, service, and distribution. The market is expected to witness fierce competition due to the predicted product & service extensions and product innovations.
Major Players
  • Royal DSM
  • Dow Microbial Control
  • PPG Industries Inc.
  • BASF SE
  • I. Du Pont De Nemours & Company Diamond Vogel
  • AK Coatings
Industry/ Innovation/Related News:
February 12, 2019 ---- The US Food and Drug Administration (FDA) released high-level draft guidance explaining the principles for premarket review of combination products, including how sponsors can determine which type of premarket submission is appropriate.
It is the 22-page draft that implements a section of the 21st Century Cures Act, explains what combination products are, how their various FDA center assignments are determined and considerations for making approval pathway determinations. The draft guidance’s annex also features five illustrative examples of device-led combination products, including one for an antimicrobial coating added for the first time to a previously classified device.
January 18, 2019 --– Bio-Fence (Israel), a leading global innovating coating technology company announced the successful completion of an intensive trial process for its innovative anti-microbial technology Pentagon. The trial was conducted in one of the largest Ready to Eat poultry production sites in Israel, called Milouoff The trial demonstrated superior results for Bio-Fence technology compared to alternatives.
Milouoff found that the Bio-Fence technology has clear benefits over the existing antimicrobial solution and it is safe, highly potent and rechargeable.

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Ethyl Acetate Market Research, Competitor Strategy, Industry Trends and Forecast to 2025

Market Insights:
Ethyl acetate is an organic compound produced by Fischer esterification reaction between ethanol and acetic acid or ethanol dehydrogenation process. The ethanol dehydrogenation process is considered as an economical one and widely used in a chemical plant. It is colorless and possesses a sweet smell. Moreover, changing lifestyle and growing personal care concerns are the important trends and factors promoting the market growth positively. Therefore, they are used in various applications such as food & beverage, pharmaceutical, cosmetics, textiles, paints & coatings, adhesives & sealants, and others.
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Among the various segments of the ethyl acetate market, the food & beverage segment holds the major portion and is anticipated to continue its dominance as a flavor enhancer in the food production. This product is mainly used in the production of various flavors such as pineapple, bananas, strawberries, and others. It is predicted that the cosmetics segment is set to grow at a higher CAGR due to increasing consumption of ethyl acetate in beauty products such as lip products, nail products, and hair color products to add fragrance, and cost-effective nature to the product. The pharmaceutical segment is projected to expand at a significant rate due to growing use of ethyl acetate as an extraction agent, intermediate in the industry. Additionally, the extraction agents and intermediates are used widely in the production of medicines. Ethyl acetate is used in numerous coating formulations such as epoxies, urethanes, cellulosic, acrylics, vinyl, and others. Therefore, these factors are projected to drive the paints & coating segment during the forecast period.
Segmental Analysis:
The ethyl acetate market is segmented on the basis of application. By application, the market is segmented into segments such as pharmaceutical, food & beverage, adhesives & sealants, cosmetics, paints & coatings, textiles, and others.
Competitive Analysis
The noteworthy success factors in the market are accomplished without difficulty in the market which is contributing to a raised tempo of progress in the forecast period. The innovation in products and services of the markets will modify the progression of the market notably. The market pull and competitors’ propensities are markedly enhanced by the strategies that are being used by market competitors.The heightened level of prominence  placed on the variants of the products is growing the number of customers in the market appreciably.
  • Jubilant Life Sciences Ltd
  • The Nippon Synthetic Chemical Industry Co., Ltd
  • EniChem
  • Celanese Corporation
  • Indo Acidatama Tbk
  • INEOS
  • Carbohim – Wood and Chemical Company
  • SEKAB
  • Chiba Ethyl Acetate Co., Ltd
  • Dairen Chemical Corporation
Detailed Regional Analysis 
The market is segmented into regions such as Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa. Among these regions, the Asia Pacific region controls the key share of the market owing to the increasing consumption of ethyl acetate in the pharmaceutical, food & beverage, textiles, cosmetics, and others. The food & beverages segment leads the major portion of the market and is expected to carry on its domination in the market as a flavor enhancer and add diverse flavors to various products in the industry. The North American region is rising radically owing to an amplified consumption of ethyl acetate in the decaffeination process to cut the caffeine content of coffee, cocoa and tea leaves. It is forecasted that the rising investment in the end-use industries is expected to direct the market growth through the forecast period. The European market has also witnessed an outstanding level of growth owing to widespread use of ethyl acetate in the production of beverages, wines, and others. The Latin American region is likely to observe a predictable progress in the market owing to the increasing consumption of ethyl acetate in paints & coatings industries and textiles to impart aesthetic look and cost-effective nature to the product.

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Engineering Plastic Market | Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2023


Market Insights
Engineering plastics are specially produced plastic material with a number of end-uses due to their superior mechanical and thermal properties. PVC, polystyrene, polypropylene are some examples of commonly used engineering plastic. Market Research Future has found that the global engineering plastics market is expected to witness positive growth during the forecast period which ends in 2022. Engineering plastic is has properties such a high abrasion wear, fatigue resistance, high impact strength and several others.
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Some common uses of engineering plastics are in the production of automotive parts such as car bumpers and dashboard trim, in toy products such as Lego bricks, and in sporting and protective equipment such as motorcycle helmets, skies, and boots, to name a few. Lightweight and thermal properties make engineering plastics superior to commodity plastics. Engineering plastics are easy to manufacture, but are more expensive, as they have a longer life. Complex shapes are easy to produce thus driving the market. The automotive sector is one of the most significant users of engineering plastic. Growth of this sector due to the high demand for personal transportation from a large, global urban population with increasing purchasing power is one of the key drivers for the market. Mechanical parts are also made using this type of plastic. Other properties that engineering plastics display that offer high growth opportunity to the global engineering plastics market include chemical stability, self-lubrication, heat resistance, and fire retardation. Another significant use of engineering plastics is in electrical and electronic products, their various helpful properties lend themselves to the production of lightweight and high performance products which are in high demand.
Volatile prices of raw materials are likely to challenge market growth over the forecast period.
Key Players
·        Lanxess AG
·        Celanese Corporation
·        Evonik Industries AG
·        Covestro
·        BASF SE
·        Mitsubishi Engineering-Plastics Corporation
·        Solvay S.A
·        LG Chem Ltd.
·        Saudi Basic Industries Corporation
·        E. I. du Pont de Nemours and Company
·         
Access Report Details @ https://www.marketresearchfuture.com/reports/engineering-plastic-market-2161
Market Segmentation
The Engineering Plastic Market is segmented in MRFR's report on the basis of product, application, and region. By product, the market is segmented into polyamide, acrylonitrile butadiene styrene (ABS), thermoplastics, polyesters, polycarbonates, and others. Among these, the ABS segment accounts for the largest share on the basis of product due to the high demand for it. ABS is in high demand as it has properties such as chemical resistance, high temperature resistance, mechanical potency, and several others.
Applications of engineering plastics are found in construction, electrical & electronics, automotive, consumer goods, and others. The automotive segment is the largest consumer of engineering plastic as they have extensive applications in the automotive industry. Used for production of lighting components, connectors, and other automotive parts, engineering plastics are expected to witness increased demand from this segment due to increasing demand for personal transportation vehicles.
Regional segmentation divides the global market into North America, Europe, Asia Pacific, and the Rest of the World. 
Regional Analysis
Asia Pacific is expected to lead the market with the most significant share due to the high demand for engineering plastics in the region. All end-use industries where engineering plastics are used are growing at a swift pace in the APAC. Construction, electronics, automotive, and others have high demand in this rapidly urbanizing region. Increasing purchasing power have led to an increase in demand for engineering plastics in chemicals, power generation, automobile and other industries.
Latest Industry News
  • Solvay as launched new grades of Ryton PPS for extrusion applications in the automotive sector. The new grades are highly flexible and lightweight.
  • DuPont has launched new high temperature nylon and polybutylene terephthalate which are fire retardant, and high performance materials designed for automotive surface and electrical component applications.
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