Renewable Methanol Market Key Trends, 2015 to 2025: Future Market Insights

Methanol is also known as wood alcohol or methyl alcohol. Renewable methanol is considered as the oldest form of methanol production. Usually, it is made from natural gas. Fermenting biomass is the alternative way of producing methanol. It is widely used in various sectors, including, transportation, chemical, wastewater treatment plants and other industrial uses. However, concerns about climate change, energy security, and air quality have raised questions about the production and use of natural gas.

Efforts are on to develop alternative fuels so that dependency on petrol is reduced. The demand for global methanol market is growing especially in transportation sector, as methanol consist of a liquid fuel that has demonstrated a successful displacement for diesel and gasoline. It is estimated that renewable methanol offers reduction in carbon emission ranging from 65 percent to 95 percent.

The largest use of methanol is in making chemicals. About 40% of methanol is converted into formaldehyde, and from there into several diverse products like plywood, paints, plastics, explosives, and permanent press textiles. Investments, government support & regulations, and environmental concerns are driving the increased acceptance of the global renewable methanol market.

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Global renewable methanol is bifurcated into three categories on the basis of product type,

1. Formaldehyde (in 2014 major single downstream market for global renewable methanol, with approximately 21 million tons of methanol consumed for formaldehyde production i.e. 28% of global demand)
2. Acetic acid
3. Methyl tertiary butyl ether (MTBE).

Major challenges for the renewable methanol market are high cost and low production, but advancements in technology and new innovations are likely to reduce the cost. The renewable methanol market is expected to witness robust growth in the near future.

It is projected that in the future, the demand for renewable methanol will increase by over 100 million tons. The bulk of this demand is generated by China (world’s largest methanol consumer and producer). The U.S. is another significant dynamic supplier of methanol. By 2018, the US is expected to become a net exporter of methanol.

Some of the major companies operating in the global renewable methanol market are, Eastman Chemicals, Biomethanol Chemie Nederland B.V., BASF, Blue Fuel Energy, Petronas, and Celanese, Mitsubishi chemicals, Statoil, and VärmlandsMetanol.

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Real Time Location System (RTLS) Market Segmentation By Industrial Verticals, Technology, Regions: Report

Real time location system (RTLS) helps in identifying and tracking geographical location of objects and people automatically, in real time. Generally, RTLS is used within building or facility area. In RTLS system, wireless RTLS tags or badges are attached to objects or sometimes worn by people and signals transmitted from this tags are received by one fixed reference points which helps in finding the exact location of that particular tag. RTLS contains location sensors, location readers, battery powered tags, application software and network infrastructure.

RTLS market share is growing rapidly because of enhanced capability of real time tracking in different business processes. Advantages of RTLS are accuracy, increased productivity and operational excellence. RTLS provide accurate tracking of desired objects which ultimately results into increase in productivity. RTLS also provides some additional benefits, such as improvement in safety and security of staff, efficient and effective logistic & supply chain operations, and smooth process operations.

RTLS Market Dynamics

Global Real Time Location System (RTLS) market is expected show high growth in the near future. The factors which are driving the growth of RTLS market are increasing government initiatives, heavy investment in RTLS technology, increasing applications into various industries, and advanced features of RTLS. On the other hand, factors which are restraining the market growth are high cost involved in deployment, privacy & security concerns, and technical issues with the system. Industrial manufacturing sector is expected to provide remarkable opportunities to RTLS market during forecasted period. Market growth of RTLS is further fuelled by contribution from emerging regions such as Asia Pacific.

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RTLS Market Segmentation

Global RTLS market is segmented on the basis of verticals, technologies and regions. On the basis of verticals, the market is sub-segmented into various industrial verticals, such as Logistics & transportation, industrial manufacturing and processing, healthcare, retail, government & defence, education, hospitality and others. Out of all these verticals, industrial manufacturing and processing vertical is expected to dominate throughout forecasting period.

On the basis of technology, the market is sub-segmented into various wireless communication technologies such as WiFi, RFID, ultrasound, infrared and ZigBee communication. Amongst all technologies RFID technology is leading the Global RTLS market with highest market revenue. It is mainly because of enhanced features of RFID technology, such as low maintenance cost, high accuracy and long battery life as compared to other wireless communication technologies such as WiFi. However, WiFi technology also provides some benefits, such as ease of deployment which is really beneficial for organizations with existing WiFi network. Latest technologies like ZigBee, are showing high market potential because of its extended battery life and high accuracy.

On the basis of regions, the market is further sub-segmented into seven regions, North America, Latin America, Asia – Pacific (excluding Japan), Japan as a separate region, Western Europe, Eastern Europe and Middle East and Africa. Presently, North America region is dominating the Global RTLS market with highest market share. North America RTLS market is primarily driven by increasing applications in healthcare industry and government support and initiatives. Asia – Pacific region is expected to be highest growing market for RTLS solution during forecasted period because of rising demand of WiFi and RFID technology enabled RTLS.

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RTLS Market: Key Players

Major key players in the global RTLS market are AeroScout Industrial, Zebra Technologies, TeleTracking Technologies, Sonitor Technologies, Awarepoint, Ekahau, GE Healthcare and Ubisense, Centrak, etc. Among these companies, AeroScout Industrial and Zebra Technologies are major companies in terms of market share. It is mainly because of their technologically advanced solutions, strong presence across all the geographies and extensive product portfolio. All key market players are focusing more software and application development as a part of their market growth strategy.

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Respiratory Inhaler Devices Market Segmentation by - Dry Powder Inhalers, Metered Dose Inhaler and Nebulizers: Report

Respiratory inhaler is a device that delivers a specific amount of medication to the lungs, in the form of a short burst of aerosolized medicine that is usually self-administered by the patient via inhalation.

It is the most commonly used medication delivery system for treating Asthma, Chronic Obstructive Pulmonary Disease (COPD) and other respiratory diseases. Asthma is a common chronic inflammatory disease of the airways characterized by variable and recurring symptoms, reversible airflow obstruction and bronchospasm. Common symptoms include wheezing, coughing, chest tightness, and shortness of breath. Whereas, COPD is the obstructive lung disease characterized by chronically poor airflow. It typically worsens over time. The main symptoms include shortness of breath, cough, and sputum production. Most people with chronic bronchitis have COPD. The primary cause of COPD is tobacco smoke (through tobacco use or second-hand smoke).

As per WHO, Some 235 million people currently suffer from asthma and more than 3 million people died of COPD in 2012, which is equal to 6% of all deaths globally that year.

Respiratory Inhaler Devices Market: Drivers and Restraints

The respiratory inhaler devices market is driven by aging population and increasing respiratory disease among global population.

Respiratory inhaler devices market will be driven by new technological advancements. The huge population afflicted with respiratory disorders such as asthma and chronic obstructive pulmonary disease will drive the Respiratory inhaler market. Increasing focus among pediatric patients with COPD and Asthma. Also, awareness programmes by healthcare organization to increase adoption rate will drive this market. However, it is observed that the respiratory inhalers, particularly Metered Dose Inhaler (MDIs), release environmentally-hazardous gases, namely chlorofluorocarbon (CFC) and hydrofluoroalkanes (HFA), which is acting as a barrier in the adoption of such devices.

Respiratory Inhaler Devices Market: Segmentation          

The global respiratory inhaler devices market is segmented into following devices:

• Dry Powder Inhalers
• Metered Dose Inhaler
• Nebulizers

Considering the growth and market size, Metered Dose Inhalers (MDIs) are the largest revenue generating segment currently and is expected to grow at a higher rate in the forecast period.

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Respiratory Inhaler Devices Market: Overview

With rapid technological advancement and wide acceptance of respiratory inhaler devices among patients with respiratory disorder, the global respiratory inhaler market is expected to grow at a healthy CAGR of around 8% in the forecast period (2015-2025).

Respiratory Inhaler Devices Market: Regional Outlook

The global respiratory inhaler devices market is expected to register a significant growth for the forecast period. Depending on geographic regions, the global respiratory inhaler devices market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America is the largest market for respiratory inhaler devices, followed by Europe and Asia. North America and Europe has a well-established pharmaceutical industry, which has stimulated the growth of the respiratory inhaler device market in these regions. The Asian market is expected to witness a double digit growth over the next five years, owing to the flourishing pharmaceutical industry, development of healthcare infrastructure, and rising disposable income.

Respiratory Inhaler Devices Market: Key Players

GlaxoSmithKline plc., Boehringer Ingelheim GmbH, AstraZeneca plc., Hospira Inc., Care Fusion Corporation, 3M Company are some of the major key players in Respiratory Inhaler devices global market.

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Wireless Charging Market Key Region: North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, Middle East and Africa

Wireless charging is the process of recharging batteries of electrical devices without using physically connected electric cables. The communication between transmitter (power source) and receiver (device) is generally by microwave or electromagnetic induction. With the emergence of wireless chargeable devices, the need to carry multiple chargers for various devices will become obsolete. Chargeable devices such as mobile phones, and tablets need to be handier. Wireless charging technologies are revolutionizing the current electronic devices market to meet the demand for more efficient, standardized,safe and portable power recharging options.

Wireless charging is more applicable to charge smartphones, tablets and other small handheld devices and wearable technologies. The obvious benefits associated with the use of wireless charging includes efficiency of handling, protection from electric shocks, safe charging option for devices that need to be waterproof, no need formaintenance of charging cables and associated sockets. On the other hand, wireless charging technology is comparatively less efficient, slow, and expensive. Most devices also radiate heat during the charging process.

The global wireless charging market recently reported its development, due to continuous updation in phones. The demand for sealed devices, increasing demand for powerfor devices and inconvenience associated with carrying multiple chargers are the key drivers behind growth of wireless charging technologies. The key restrains behind wireless charging are lack of standardization and expensive infrastructure to pursue technological developments.Many advanced products are still in experimental phase but on the other hand these products have a bright future opportunity.

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Wireless charging can be broadly categorized into two types depending upon proximity of distance between transmitter and receiverand range of devices. Further, these two types can be sub-segmented into six sub categories such as radio charging, inductive charging and resonance charging are included under proximity of distance between transmitter and receiver and high range, mid-range and low range are included under range of devices. On the basis of application,the global wireless charging market is segmented intoconsumer electronics, medical healthcare, automobile & aerospace, defence and industrial automation. On the basis of geographical target market, itis segmented into North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and Middle East & Africa.

Companies engagedin the development of wireless charging technologies are in the process of resolving compatibility issues associated with charger and charging points. Manufacturers of different handheld devices, prominently HTC, Nokia and LG, are already in the process of manufacturing wireless chargeable smartphones and tablets. The market experts are focusing on the development of standard wireless charging technology, which will be commonly useful for the advanced devices of various applications such as medical, and semiconductors.

Some of the global key players in the wireless charging market include Convenient Power HK Ltd., Murata Manufacturing Co. Ltd., Integrated Device Technology, Inc., Texas Instruments, Inc., Duracell Powermat, Oregon Scientific, WiTricity Corporation and Energizer Holdings, Inc.Most of these companies are interested to enter into the wireless charging market with the plan to establish a brand name. The wireless charging market of North America appears to be comparatively mature than Asian market, in terms of infrastructural development. Countries with lower GDP may face economic issues to generate the demand.High price is one of the major challenges of this market and it should be taken care of.

This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with suitable sets of assumptions and methodology. The report provides analysis and information by categories such as market geographies, types, range and applications. 

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

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Technical Textile Market Projected to be Worth 193.7 Bn by 2020; Future Market Insights

Future Market Insights (FMI) offers insights on the key regions in the technical textile market in its research report. The report, titled, “Technical Textile Market: Global Industry Analysis and Opportunity Assessment 2015-2020” forecasts technical textiles to gain traction in Asia Pacific during the forecast period.

The key regions covered by FMI in its research report are North America, Western Europe, Eastern Europe, Latin America, Middle East & Africa, and Asia Pacific.

Latin America Currently the Smallest Market in Asia Pacific Technical Textiles Market

According to FMI, in terms of value, Asia Pacific is the largest market, whereas Latin America is the smallest market. FMI expects Asia Pacific to continue to be the largest market during the forecast period, whereas Latin America will surpass Middle East & Africa, making the latter the smallest market in terms of value.

The Asia Pacific technical textile market, valued at US$ 61.2 Bn in 2015, is expected to expand at a compound annual growth rate (CAGR) of over 7% between 2015 and 2020.

The key factors fuelling the Asia Pacific technical textile market include robust growth of the automotive sector in emerging markets, increase in the number of end-use industries, growing application of construction sector, and increase in per capita spending.

Country-wise, FMI has segmented the Asia Pacific technical textile market into China, India, Japan, Australia and New Zealand, and ‘others.’

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China and India Largest Markets in Asia Pacific Technical Textile Market

China is the biggest market in terms of value, accounting for US$ 30.7 Bn in 2014. FMI expects it to reach US$ 33.1 Bn by the end of 2015, and US$ 48.1 Bn by end of 2020.

In terms of volume, the technical textile market in China was valued at 5,760 thousand tonnes in 2014. FMI expects it to reach 6,208 thousand tonnes by the end of 2015, and 9,343 thousand tonnes by the end of 2020.

Resurgence in the automobile industry and increase in the number of manufacturing industries are the key factors fuelling the rise of technical textile market in China.

India is the second largest market for technical textiles in Asia Pacific. In terms of value, the India technical textile market was valued at US$ 11.2 Bn in 2014; FMI expects it to expand at a high single-digit CAGR during the forecast period.

The key factors fuelling the India technical textile market are growth in the healthcare sector, increase in spending on public infrastructure development, and rapid urbanisation.

Hometech, Clothtech, and Packtech Largest Application Segments

On the basis of application, FMI has segmented the Asia Pacific technical textile market into Agrotech, Buildtech, Hometech, Indutech, Sportech, Packtech, Mobiltech, Meditech, Clothtech, Geotech, Protech, and Oekotech.

In terms of value, Hometech, Clothtech, and Packtech are the largest application segments. The Hometech segment was valued at US$ 15,523 Mn in 2014, and FMI expects it to expand at 7% CAGR during the forecast period 2015-2020. Oekotech application segment is expected to expand at the fastest CAGR during the forecast period.

Non-woven Technical Textiles Dominant Process Type

On the basis of process type, the Asia Pacific technical textile market has been segmented into non-woven, composite, and others. Among these, non-woven technical textiles dominate the market, accounting for US$ 30 Bn in terms of market value in 2014. FMI expects the non-woven process type to expand at a high single-digit CAGR during the forecast period.

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Global Specialty Silica Market to Witness a CAGR of 6.9% From 2015 to 2025 Mainly Driven By Growing Application in the Automotive Sector

Future Market Insights (FMI) released its latest report titled, “Specialty Silica Market: Global Industry Analysis and Opportunity Assessment, 2015 - 2025”. According to the report, the global specialty silica market is estimated to be worth US$ 5.1 Bn by 2015 end and is expected to account for US$ 9.9 Bn by 2025, registering a CAGR of 6.9%. In terms of volume, the specialty silica market is expected to expand at a CAGR of 5.6% over the forecast period.

By application, rubber segment is estimated to account for 60.5% share of the total specialty silica market in 2015 and is expected to expand at a healthy CAGR of 7.8% during the forecast period.

By product type, precipitated silica segment is predicted to account for 71.1% share of the total market in 2015 and is anticipated to expand at a CAGR of 7.7% during the forecast period.

Among regions, APEJ is expected to dominate the specialty silica market throughout the forecast period, expanding at CAGR of 8.3% in terms of value.

Specialty silica market is mainly driven by rising trend of green tyres in the automotive sector. Use of specialty silica in tyres instead of carbon black provides the tyre with better grip and rolling resistance, leading to increased fuel efficiency of the vehicle.
Greener alternatives to specialty silica products such as fumed silica are anticipated to be potential threats for growth of the specialty silica market.

Currently, major players in the global specialty silica market are focused towards expanding their production capacities of specialty silica products. Key players in the global specialty silica market included in the report are Evonik AG, Wacker Chemie, PPG industries, Akzo Nobel N.V., Cabot Corporation, Nalco Holdings and Qindao Makall Group.

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Global Mobile Phone Accessories Market is Expected to be Valued at US$ 121,726.4 Mn by 2025 from US$ 58,551.6 Mn in 2014

Future Market Insights (FMI), in its recent report titled, “Mobile Phone Accessories Market: Global Industry Analysis and Opportunity Assessment, 2015 – 2025”, projects that the global mobile phone accessories market is expected to grow at a CAGR of 6.9% during the forecast period.

The global mobile phone accessories market was valued at US$ 58,551.6 Mn in 2014 and is projected to account for US$ 121,726.4 Mn by 2025. Growth of the global mobile phone accessories market is mainly driven by increasing disposable income, rising urban population and inclining adoption of smartphones. Rising population, predominantly in developing regions such as Asia Pacific and the Middle East and Africa, is anticipated to boost growth of the mobile phone accessories market. Increasing urban population across the world, characterized by high net worth individuals and upper urban class population has led to strong demand for advanced mobile phone accessories such as premium headphones and power banks. Major trends observed in the market are rising merger and acquisition, diversification of product portfolio and product advancement as well as new product development across the globe.

By product category, protective case is anticipated to be the largest segment accounting for 18.5% share in the overall mobile phone accessories market by the end of 2025, followed by the headphone/earphone and charger with a market shares of 17.5% and 15.9% respectively in the same year. Asia Pacific Excluding Japan (APEJ) was the largest market in terms of revenue, accounting for 47.4% share in the global mobile phone accessories market in 2014.

Key players in the global mobile phone accessories market include BYD Inc., Energizer, Sony Corporation, Samsung Electronics, Panasonic Corporation, JVC Corporation, Beats (Apple Inc.), Plantronics Pty Ltd, Sennheiser Electronics GmbH & Co. KG, Bose Corporation, Otterbox, and Griffin Technology. Geographical expansion, technological innovations and new product launches as well as merger and acquisitions are some of the major strategies followed by key players operating in the mobile phone accessories market to maintain competitive advantage in the market.

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