Polymer Microspheres Market to Record Significant Revenue Growth During the Forecast Period 2020-2025 [news]
Stratview Research has published a new report titled “Polymer Microspheres Market” which is segmented by Microsphere Type (Expanded Polymer Microspheres and Solid Polymer Microspheres), by Application Type (Life Sciences & Pharmaceutical, Paints & Coatings, Plastics & Rubber, Construction Materials, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market is estimated the market will mark a healthy rebound from 2021 onwards then maintaining sequential growth till the forecast period, assisting the market to cross the landmark figure of US$ 1.6 billion by 2025.
Polymer microspheres are small spherical plastic particles mainly made up of polyethylene (PE), polypropylene (PP), polystyrene (PS), polymethyl methacrylate (PMMA), or other polymers, range in size from 1-1,000 micrometers. There are two types of polymer microspheres: expanded polymer microspheres and solid polymer microspheres.
An expanded polymer microsphere can expand up to 5 times its original diameter with a 50-120 times increase in volume. Expanded polymer microspheres consist of a polymer shell encapsulating a gas; when heated, the internal pressure from the gas increases and the thermoplastic shell softens, resulting in a dramatic increase in the volume of the microspheres.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Microsphere Type
The polymer microsphere market is segmented into expanded polymer microspheres and solid polymer microspheres. Expanded polymer microsphere is likely to remain the most dominant microsphere type in the market during the forecast period. Expanded polymer microspheres have a lower emissivity spectrum than commercial paints (λ = 0.35 – 4 µm vs λ = 4 – 40 µm), which means that they absorbent less solar radiation than the commercial paints, resulting in better performance during the daylight.
Further, expanded polymer microspheres can expand without any discoloration and outgassing issues of chemical foaming agents, or breakage which is common with hollow glass microspheres. Also, by adding as little as 2%-3% by weight, it can reduce the product’s weight by as much as 50%. They can easily mix and achieve density reduction levels between 10%-30% in injection molding.
By Application Type
The market is classified as life sciences & pharmaceuticals, paints & coatings, plastics & rubber, construction materials, and others. Similar to other microspheres, polymer microspheres are used in a multitude of applications addressing different purposes. The life sciences & pharmaceutical segment is estimated to remain the most dominant application type in terms of value, in the polymer microspheres market during the forecast period.
Life sciences & pharmaceutical is the least-impacted application type by the COVID-19 pandemic. In biological research, polymer microspheres can be used as size standards for absorbing macromolecules. Also, in life sciences & pharmaceuticals, polymer microspheres improve the solvency of the ineffectively dissolvable drug and decrease the occurrence or intensity of adverse effects and reactivity of the core according to the outside condition.
Paint & coatings to be the fastest-growing application in the years to come. Key trends towards high performance, smart functionality, improved productivity, and abrasion- or scratch-resistant smart coatings, have made polymer microspheres a preferred choice in the paint & coatings industry.
Polymer microspheres reduce the need for solvents in solvent-based paint, leading to the reduction of VOC emission. Further, expanded polymer microspheres are replacing hollow glass microspheres in paint applications, owing to their elasticity property.
Which Region is expected to remain the largest market?
The pandemic may not spare any region in the short term, estimating a gigantic collapse in the demand for polymer microspheres across regions, especially in 2020. However, the long-term perspective is still plausibly good with sustainable demand across regions.
Europe is estimated to maintain its lead in the global market in the coming five years. Post-pandemic, Germany is expected to rebound quickly and will act as the growth engine of the European polymer microspheres market. Polymer microspheres are widely used in Europe as the region is one of the major markets for automotive, plastics & rubber, and building & construction.
Also, the European regulatory system for medicines to protect public health ensuring the availability of high quality, safe, and effective medicines for European citizens, would help in healing the dented growth of polymer microspheres market in the region.
Asia-Pacific, a market that is efficacious in catching the consequential attention of all the market participants, is likely to heal up at the greatest pace in the post-pandemic market scenario. China is estimated to maintain its lead in the region’s market and is also expected to further reinforce its position in the global marketplace. On the other side, India is to emerge as the next big market with significant growth potential expecting some shift of manufacturing base from China and other regions in the long run.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.
The following are the key players acting in the Polymer Microspheres Market:
• Chase Corporation
• Dongjin Semichem Co., Ltd.
• Kureha Corporation
• Luminex Corporation
• Matsumoto Yushi-Seiyaku Co., Ltd.
• Merck KGaA
• Nouryon
• Polysciences, Inc.
• PolyMicrospheres, Inc.
• Sekisui Chemical Co., Ltd.
Key questions answered by the report:
• What is the projected CAGR for the Polymer Microspheres Market revenue during the forecast period?
• What would the market be valued at by 2025?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Polymer Microspheres Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
As per the study, the market is estimated the market will mark a healthy rebound from 2021 onwards then maintaining sequential growth till the forecast period, assisting the market to cross the landmark figure of US$ 1.6 billion by 2025.
Polymer microspheres are small spherical plastic particles mainly made up of polyethylene (PE), polypropylene (PP), polystyrene (PS), polymethyl methacrylate (PMMA), or other polymers, range in size from 1-1,000 micrometers. There are two types of polymer microspheres: expanded polymer microspheres and solid polymer microspheres.
An expanded polymer microsphere can expand up to 5 times its original diameter with a 50-120 times increase in volume. Expanded polymer microspheres consist of a polymer shell encapsulating a gas; when heated, the internal pressure from the gas increases and the thermoplastic shell softens, resulting in a dramatic increase in the volume of the microspheres.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Microsphere Type
The polymer microsphere market is segmented into expanded polymer microspheres and solid polymer microspheres. Expanded polymer microsphere is likely to remain the most dominant microsphere type in the market during the forecast period. Expanded polymer microspheres have a lower emissivity spectrum than commercial paints (λ = 0.35 – 4 µm vs λ = 4 – 40 µm), which means that they absorbent less solar radiation than the commercial paints, resulting in better performance during the daylight.
Further, expanded polymer microspheres can expand without any discoloration and outgassing issues of chemical foaming agents, or breakage which is common with hollow glass microspheres. Also, by adding as little as 2%-3% by weight, it can reduce the product’s weight by as much as 50%. They can easily mix and achieve density reduction levels between 10%-30% in injection molding.
By Application Type
The market is classified as life sciences & pharmaceuticals, paints & coatings, plastics & rubber, construction materials, and others. Similar to other microspheres, polymer microspheres are used in a multitude of applications addressing different purposes. The life sciences & pharmaceutical segment is estimated to remain the most dominant application type in terms of value, in the polymer microspheres market during the forecast period.
Life sciences & pharmaceutical is the least-impacted application type by the COVID-19 pandemic. In biological research, polymer microspheres can be used as size standards for absorbing macromolecules. Also, in life sciences & pharmaceuticals, polymer microspheres improve the solvency of the ineffectively dissolvable drug and decrease the occurrence or intensity of adverse effects and reactivity of the core according to the outside condition.
Paint & coatings to be the fastest-growing application in the years to come. Key trends towards high performance, smart functionality, improved productivity, and abrasion- or scratch-resistant smart coatings, have made polymer microspheres a preferred choice in the paint & coatings industry.
Polymer microspheres reduce the need for solvents in solvent-based paint, leading to the reduction of VOC emission. Further, expanded polymer microspheres are replacing hollow glass microspheres in paint applications, owing to their elasticity property.
Which Region is expected to remain the largest market?
The pandemic may not spare any region in the short term, estimating a gigantic collapse in the demand for polymer microspheres across regions, especially in 2020. However, the long-term perspective is still plausibly good with sustainable demand across regions.
Europe is estimated to maintain its lead in the global market in the coming five years. Post-pandemic, Germany is expected to rebound quickly and will act as the growth engine of the European polymer microspheres market. Polymer microspheres are widely used in Europe as the region is one of the major markets for automotive, plastics & rubber, and building & construction.
Also, the European regulatory system for medicines to protect public health ensuring the availability of high quality, safe, and effective medicines for European citizens, would help in healing the dented growth of polymer microspheres market in the region.
Asia-Pacific, a market that is efficacious in catching the consequential attention of all the market participants, is likely to heal up at the greatest pace in the post-pandemic market scenario. China is estimated to maintain its lead in the region’s market and is also expected to further reinforce its position in the global marketplace. On the other side, India is to emerge as the next big market with significant growth potential expecting some shift of manufacturing base from China and other regions in the long run.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.
The following are the key players acting in the Polymer Microspheres Market:
• Chase Corporation
• Dongjin Semichem Co., Ltd.
• Kureha Corporation
• Luminex Corporation
• Matsumoto Yushi-Seiyaku Co., Ltd.
• Merck KGaA
• Nouryon
• Polysciences, Inc.
• PolyMicrospheres, Inc.
• Sekisui Chemical Co., Ltd.
Key questions answered by the report:
• What is the projected CAGR for the Polymer Microspheres Market revenue during the forecast period?
• What would the market be valued at by 2025?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Polymer Microspheres Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Bioplastic Packaging Market to Record Significant Revenue Growth During the Forecast Period 2020-2025 [news]
Stratview Research has published a new report titled “Bioplastic Packaging Market” which is segmented By Material Type (BIO-PET, BIO-PE, BIO-PA, Other Bio-Based/Non-Biodegradable Materials, Starch Blends, PLA, PBAT, PHA, and Other Biodegradable Materials), By Product Type (Rigid Packaging, Flexible Packaging), By End-Use Industry Type(Food, Beverage, Pharmaceuticals, Personal Care & Household Care, and Others), and by Region (North America, Europe, Asia-Pacific, South America, and The Middle East& Africa).
As per the study, the market is likely to witness a steady CAGR of 14.2% during the forecast period. Increasing concerns for the environment due to climate change and global warming is forcing government and organizations to shift towards bioplastic products. Reduction in plastic products will result in a reduction in greenhouse effects, a major factor responsible for climate change and global warming. These efforts to reduce greenhouse gas emissions coupled with growing awareness to reduce the amount of organic waste are driving the bioplastic packaging market.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Product Type
The bioplastic packaging market is segmented as rigid packaging and flexible packaging. The rigid packaging segment is expected to be the higher-growing segment during the forecast period owing to its vast application in beauty & personal care products and as bottles for beverages.
Which Region is expected to remain the largest market?
Europe is estimated to be the largest region for the bioplastic packaging market during the forecast period. Growing awareness among the population towards the harmful effects of plastics coupled with government initiatives and regulations have resulted in increased use of bioplastics in the region.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, enabling strategic decision-making for the existing market players and those willing to enter the market.
The following are the key players acting in the Bioplastic Packaging Market:
• The Dow Chemical Company
• Metabolix, Inc.
• Novamont S.p.A, LLC
• Innovia Films, Ltd
• NatureWorks
• Braskem S.A
• BASF SE
• Arkema S.A.
• Koninklijke DSM N.V.
Key questions answered by the report.
• What is the projected CAGR for revenue from the Bioplastic Packaging Market during the forecast period?
• What would the market be valued at by 2025?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Bioplastic Packaging Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
As per the study, the market is likely to witness a steady CAGR of 14.2% during the forecast period. Increasing concerns for the environment due to climate change and global warming is forcing government and organizations to shift towards bioplastic products. Reduction in plastic products will result in a reduction in greenhouse effects, a major factor responsible for climate change and global warming. These efforts to reduce greenhouse gas emissions coupled with growing awareness to reduce the amount of organic waste are driving the bioplastic packaging market.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Product Type
The bioplastic packaging market is segmented as rigid packaging and flexible packaging. The rigid packaging segment is expected to be the higher-growing segment during the forecast period owing to its vast application in beauty & personal care products and as bottles for beverages.
Which Region is expected to remain the largest market?
Europe is estimated to be the largest region for the bioplastic packaging market during the forecast period. Growing awareness among the population towards the harmful effects of plastics coupled with government initiatives and regulations have resulted in increased use of bioplastics in the region.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, enabling strategic decision-making for the existing market players and those willing to enter the market.
The following are the key players acting in the Bioplastic Packaging Market:
• The Dow Chemical Company
• Metabolix, Inc.
• Novamont S.p.A, LLC
• Innovia Films, Ltd
• NatureWorks
• Braskem S.A
• BASF SE
• Arkema S.A.
• Koninklijke DSM N.V.
Key questions answered by the report.
• What is the projected CAGR for revenue from the Bioplastic Packaging Market during the forecast period?
• What would the market be valued at by 2025?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Bioplastic Packaging Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Soft Body Armor Market to Witness a Handsome Growth during 2022-2028 [news]
Stratview Research has published a new report titled “Soft Body Armor Market” which is segmented by Product Type (Ballistic-Resistant Armor, Stab-Resistant Armor, and Combined-Resistant Armor), by Material Type (Aramid, UHMWPE, and Others), by Level of Protection Type (Level IIA, Level II, Level IIIA, SP1/KR1, SP2/KR2, SP3/KR3, Level IIA + SP/KR/SP-KR, Level II + SP/KR/SP-KR, and Level IIIA + SP/KR/SP-KR), by End-User Type (Military, Homeland Security, and Commercial), by Mode of Operation Type (Covert Operation and Overt Operation), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, Italy, Ukraine, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, Australia, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).
As per the study, the market was valued at US$ 926.4 Million in 2022 and is likely to reach an annual market size of US$ 1210.7 Million in 2028 at an exceptional CAGR of 4.3% during the forecast period of 2023-2028.
It is projected that the sales of soft body armor will cumulatively reach US$ 6,607.1 million during 2023-2028.
Soft body armor is protective clothing that is usually worn by law enforcement personnel, EMS workers, and firefighters in various situations due to the escalating geopolitical conflict and the rise in violent and terrorist acts.
These bulletproof vests provide protection against ammunition fired from short-barrel handguns and improve the soldier’s survivability and protect the army personnel and special police task forces. Law enforcement officials, who are more likely to encounter low-level ballistic threats, typically utilize soft body armor to provide adequate ballistic protection.
Over the past three decades, soft body armor has reportedly saved the lives of over 3,000 police officers in the United States, according to the National Institute of Justice (NIJ).
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Product Type
The market is segmented into ballistic-resistant armor, stab-resistant armor, and combined-resistant armor.
Ballistic-resistant armor is expected to remain the largest market with a share of >70% in 2022 and it is the fastest-growing product type with a CAGR of 4.4% in the market during the forecast period. Ballistic-resistant armor is used in large volumes by police officers and other law enforcement personnel to protect them from bullets fired by handguns. The product type is likely to dominate as well as be the fastest growing in the foreseen future.
Similarly, stab-resistant armor provides protection from knives, sharp blades, pointed needles, and spikes and its protection level varies as per the sharpness of the knife/spike. Combined-resistant armor provides complete protection against bullets and knives, along with sharp and pointed objects.
By Material Type
The market is segmented into UHMWPE, aramid, and others.
Among these materials, the UHMWPE-based soft body armor contributes a major share of >70% in 2022 and it is the fastest-growing material type with a CAGR of 4.6% in the market during the forecast period because of its significant weight reduction and improved ballistic resistance. The other materials used in soft body armor are generally glass-fiber PE composite, sponge, foam, and rubber, which are majorly used in stab-resistant body armor.
By Level of Protection Type
The market is segmented into Level IIA, Level II, Level IIIA, SP1/KR1, SP2/KR2, SP3/KR3, Level IIA + SP/KR/SP-KR, Level II + SP/KR/SP-KR, and Level IIIA + SP/KR/SP-KR.
Among these, Level IIIA dominated the market with a share of >55% in 2022 and it is the fastest-growing type with a CAGR of 4.7% in the market during the forecast period. Each product type has a different protection level. While the ballistic-resistant armor has protection levels level IIA, level II, and level IIIA, the stab-resistant armor has protection levels SP1/KR1, SP2/KR2, and SP3/KR3, and the combined-resistant body armor has protection levels of level IIA + SP/KR/SP-KR, Level II + SP/KR/SP-KR, and Level IIIA + SP/KR/SP-KR A.
Since level IIIA provides the highest level of protection, it is likely to contribute to a major market share as well as is likely to witness the highest market growth, during the forecast period. The market demand for level IIA protection type is slowly diminishing, due to limited usage and the low level of protection offered by the armor.
By End-User Type
The market is segmented into military, homeland security, and commercial.
Among these end-users, Homeland Security dominated the market with a share of >70% in 2022 and it is the fastest-growing type with a CAGR of 4.6% in the market during the forecast period. As a result of the increasing investments by the US DHS (Department of Homeland Security) and other law enforcement agencies in different countries for the safety of their police officers and other law enforcement personnel, homeland security is anticipated to generate the largest demand and is also likely to witness the fastest market growth, in the coming five years.
This is also owing to the large demand for soft body armor during police operations, such as during shootout missions, where soft body armor is used in large volumes as they are deployed across every law enforcement personnel engaged in the operation.
By Mode of Operation Type
The market is segmented into covert operation and overt operation.
Among these operation types, Covert Operation dominated the market in 2022 and it is the fastest-growing type with a CAGR of 5.3% in the market during the forecast period. The covert operation is considered to be better suited for law enforcement personnel during homeland security operations, as the armor used in such operations is lightweight and designed to be concealed under the personnel’s clothing.
As a result, it is likely to draw a larger market demand and is also anticipated to witness faster growth, during the forecast period.
Which Region is expected to remain the largest market?
North America is expected to remain the largest market with a share of >65% in 2022 for soft body armor. The region is home to market-leading companies, such as Point-Blank Enterprises, Inc., Safariland, LLC, and Armor Express, which are also major contractors for the US DoD and the US DHS.
In addition, the DHS has been increasing its expenditure on body armor, emphasizing the safety and protection of law enforcement employees.
Likewise, the Asia-Pacific is the fastest growing market with a CAGR of 5.4% in the market during the forecast period and is also likely to create sizeable opportunities in the coming five years, driven by the rising gun violence and political conflicts in Asian countries.
Also, the presence of local companies, such as Beijing Tongyizhong New Material Technology Corporation and Senken Group Co. Ltd. is increasing the regional market attractiveness.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players acting in the Soft Body Armor Market:
• Point Blank Enterprises, Inc.
• Safariland, LLC.
• Armor Express
• Mehler Vario System
• SM Group
• XTEK Group
• Beijing Tongyizhong New Material Technology Corporation
• Senken Group Co., Ltd
• MARS Armor
• US Armor Corporation
Key questions answered by the report.
• What is the projected CAGR for the Soft Body Armor Market revenue during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Soft Body Armor Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
As per the study, the market was valued at US$ 926.4 Million in 2022 and is likely to reach an annual market size of US$ 1210.7 Million in 2028 at an exceptional CAGR of 4.3% during the forecast period of 2023-2028.
It is projected that the sales of soft body armor will cumulatively reach US$ 6,607.1 million during 2023-2028.
Soft body armor is protective clothing that is usually worn by law enforcement personnel, EMS workers, and firefighters in various situations due to the escalating geopolitical conflict and the rise in violent and terrorist acts.
These bulletproof vests provide protection against ammunition fired from short-barrel handguns and improve the soldier’s survivability and protect the army personnel and special police task forces. Law enforcement officials, who are more likely to encounter low-level ballistic threats, typically utilize soft body armor to provide adequate ballistic protection.
Over the past three decades, soft body armor has reportedly saved the lives of over 3,000 police officers in the United States, according to the National Institute of Justice (NIJ).
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It thoroughly analyzes the market segments, including products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Product Type
The market is segmented into ballistic-resistant armor, stab-resistant armor, and combined-resistant armor.
Ballistic-resistant armor is expected to remain the largest market with a share of >70% in 2022 and it is the fastest-growing product type with a CAGR of 4.4% in the market during the forecast period. Ballistic-resistant armor is used in large volumes by police officers and other law enforcement personnel to protect them from bullets fired by handguns. The product type is likely to dominate as well as be the fastest growing in the foreseen future.
Similarly, stab-resistant armor provides protection from knives, sharp blades, pointed needles, and spikes and its protection level varies as per the sharpness of the knife/spike. Combined-resistant armor provides complete protection against bullets and knives, along with sharp and pointed objects.
By Material Type
The market is segmented into UHMWPE, aramid, and others.
Among these materials, the UHMWPE-based soft body armor contributes a major share of >70% in 2022 and it is the fastest-growing material type with a CAGR of 4.6% in the market during the forecast period because of its significant weight reduction and improved ballistic resistance. The other materials used in soft body armor are generally glass-fiber PE composite, sponge, foam, and rubber, which are majorly used in stab-resistant body armor.
By Level of Protection Type
The market is segmented into Level IIA, Level II, Level IIIA, SP1/KR1, SP2/KR2, SP3/KR3, Level IIA + SP/KR/SP-KR, Level II + SP/KR/SP-KR, and Level IIIA + SP/KR/SP-KR.
Among these, Level IIIA dominated the market with a share of >55% in 2022 and it is the fastest-growing type with a CAGR of 4.7% in the market during the forecast period. Each product type has a different protection level. While the ballistic-resistant armor has protection levels level IIA, level II, and level IIIA, the stab-resistant armor has protection levels SP1/KR1, SP2/KR2, and SP3/KR3, and the combined-resistant body armor has protection levels of level IIA + SP/KR/SP-KR, Level II + SP/KR/SP-KR, and Level IIIA + SP/KR/SP-KR A.
Since level IIIA provides the highest level of protection, it is likely to contribute to a major market share as well as is likely to witness the highest market growth, during the forecast period. The market demand for level IIA protection type is slowly diminishing, due to limited usage and the low level of protection offered by the armor.
By End-User Type
The market is segmented into military, homeland security, and commercial.
Among these end-users, Homeland Security dominated the market with a share of >70% in 2022 and it is the fastest-growing type with a CAGR of 4.6% in the market during the forecast period. As a result of the increasing investments by the US DHS (Department of Homeland Security) and other law enforcement agencies in different countries for the safety of their police officers and other law enforcement personnel, homeland security is anticipated to generate the largest demand and is also likely to witness the fastest market growth, in the coming five years.
This is also owing to the large demand for soft body armor during police operations, such as during shootout missions, where soft body armor is used in large volumes as they are deployed across every law enforcement personnel engaged in the operation.
By Mode of Operation Type
The market is segmented into covert operation and overt operation.
Among these operation types, Covert Operation dominated the market in 2022 and it is the fastest-growing type with a CAGR of 5.3% in the market during the forecast period. The covert operation is considered to be better suited for law enforcement personnel during homeland security operations, as the armor used in such operations is lightweight and designed to be concealed under the personnel’s clothing.
As a result, it is likely to draw a larger market demand and is also anticipated to witness faster growth, during the forecast period.
Which Region is expected to remain the largest market?
North America is expected to remain the largest market with a share of >65% in 2022 for soft body armor. The region is home to market-leading companies, such as Point-Blank Enterprises, Inc., Safariland, LLC, and Armor Express, which are also major contractors for the US DoD and the US DHS.
In addition, the DHS has been increasing its expenditure on body armor, emphasizing the safety and protection of law enforcement employees.
Likewise, the Asia-Pacific is the fastest growing market with a CAGR of 5.4% in the market during the forecast period and is also likely to create sizeable opportunities in the coming five years, driven by the rising gun violence and political conflicts in Asian countries.
Also, the presence of local companies, such as Beijing Tongyizhong New Material Technology Corporation and Senken Group Co. Ltd. is increasing the regional market attractiveness.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players acting in the Soft Body Armor Market:
• Point Blank Enterprises, Inc.
• Safariland, LLC.
• Armor Express
• Mehler Vario System
• SM Group
• XTEK Group
• Beijing Tongyizhong New Material Technology Corporation
• Senken Group Co., Ltd
• MARS Armor
• US Armor Corporation
Key questions answered by the report.
• What is the projected CAGR for the Soft Body Armor Market revenue during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Soft Body Armor Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
Circuit Breaker Market Size, Share, Trend, Forecast, & Industry Analysis – 2022-2028. [news]
April 14, 2023/Industry News Global/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Permanent Magnets Market.
Circuit Breaker Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Market Insights
The Circuit Breaker Market was estimated at USD 6.04 Billion in 2021 and is likely to grow at a CAGR of 6.38% from 2022-2028 to reach USD 9.37 Billion in 2028.The development of the circuit breaker market is projected to be fuelled by increased investment in power generation, including the use of renewable energy sources and linking power generating stations to switch yards and the electrical grid, plans for electrification of rural areas in developing countries, increasing installation of circuit breakers in utilities and power plants, and several other factors.
Request a Sample here: https://www.stratviewresearch.com/Request-Sample/1774/circuit-breaker-market.html#form
What is Circuit Breaker?
The circuit breaker is a switching device used to integrate the abnormal or faulty current. It is a mechanical device that disturbs the flow of high-magnitude fault current along with performing the function of a switch.
Drivers:
• Increasing focus on operational safety,
• Growing measures to integrate reliable and sustainable electrical infrastructure.
• The demand for electrical safety equipment, such as circuit breakers, will rise with the increased government investments and legislative provisions to build microgrid networks.
• The expansion of smart grids and the increasing emphasis on grid infrastructure modernization will promote industry growth.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Circuit Breaker Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Contact: Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
Circuit Breaker Market report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Market Insights
The Circuit Breaker Market was estimated at USD 6.04 Billion in 2021 and is likely to grow at a CAGR of 6.38% from 2022-2028 to reach USD 9.37 Billion in 2028.The development of the circuit breaker market is projected to be fuelled by increased investment in power generation, including the use of renewable energy sources and linking power generating stations to switch yards and the electrical grid, plans for electrification of rural areas in developing countries, increasing installation of circuit breakers in utilities and power plants, and several other factors.
Request a Sample here: https://www.stratviewresearch.com/Request-Sample/1774/circuit-breaker-market.html#form
What is Circuit Breaker?
The circuit breaker is a switching device used to integrate the abnormal or faulty current. It is a mechanical device that disturbs the flow of high-magnitude fault current along with performing the function of a switch.
Drivers:
• Increasing focus on operational safety,
• Growing measures to integrate reliable and sustainable electrical infrastructure.
• The demand for electrical safety equipment, such as circuit breakers, will rise with the increased government investments and legislative provisions to build microgrid networks.
• The expansion of smart grids and the increasing emphasis on grid infrastructure modernization will promote industry growth.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Circuit Breaker Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
Contact: Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176
Cord Blood Banking Services Market is Likely to Experience Healthy Growth During 2022-2028 [news]
Stratview Research has published a new report titled “Cord Blood Banking Services Market” which is segmented by Component (Cord Blood, Cord Tissue), by Service Type (Public, Private), by Application (Cancer, Blood Disorders, Metabolic Disorders, Bone Marrow Failure Syndrome, Others), by End User (Hospitals, Pharmaceutical Research, Specialty Clinics, Others), and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The U.K., Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, South Korea, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, Israel, and Others]).
As per the study, the market is expected to grow at a CAGR of 15.35% during the forecast period of 2022-2028 to reach US$ ~15.56 Bn in 2028 from US$ 4.81 Bn in 2021.
The services offered by cord blood banks include gathering, processing, and storing stem cells for future use. The market for cord blood banking services has grown as a result of increased autoimmune disease prevalence and its many subtypes.
The main driver of market expansion is the existence of Treg cells in the umbilical cords, which are essential in limiting the overreactions of immune systems. Over 80 hereditary illnesses, including cancer and diabetes, can be treated using the stem cells found in cord blood. Over 7000 hereditary disorders can be screened for using the recently developed genomic profiling assays conducted using next-generation sequencing technology.
The outcomes aid in ensuring the patients' security prior to the transplant. The AXP II system offers total automation of the process, from isolation to collection and storage. The process may be conducted within the regulatory system thanks to the system's adaptable user interface and adaptability, which also helps to reduce volume and offer consistent buffy coat volume.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Service Type
The cord blood banking services market is divided into public and private. Due to the significant expense charged for the collection and storage of CB units, private banks received the greatest income share.
Furthermore, compared to state banks, the customer bases of private players are growing as a result of their marketing strategies. When all the aforementioned elements were taken into account, the private banking service segment dominated the global market.
By Application Type
The market is segmented into cancer, blood disorders, metabolic disorders, bone marrow failure syndrome, and others. The demand for these services is being fueled by consumers' rising purchasing power and the appropriate payment options that market participants are providing.
The number of individuals needing bone marrow transplants is also projected to rise as the incidence of cancer and other genetically based fatal diseases rises.
For instance, Hodgkin's or non-Hodgkin' lymphoma, another cancer that is commonly treated with stem cell therapy, affects roughly 761,659 people in the United States alone, according to the Leukemia Research Foundation.
As a result, it is anticipated that in the near future, demand for suitable CB units will increase quickly, leading to a major increase in the demand for public banking.
Which Region is expected to remain the largest market?
The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America currently holds a dominant position in the market outlook due to the region's increasing incidence of cancer and other diseases including leukemias and lymphomas across all age groups.
The general expansion of the Cord Blood Banking Services business in North America has been driven by booming service providers, non-profit organisations, and growing public knowledge of the long-term advantages of keeping cord blood.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Cord Blood Banking Services Market:
• BrainStorm Cell Limited
• Caladrius Biosciences, Inc.
• Celgene Corporation
• Cord Blood Registry (CBR) Systems
• Cordlife Group Limited
• Cryo-Cell International
• CryoHoldco
• Cryo-Save
• China Cord Blood Corporation
• Cord Blood America Inc.
• Virgin Health Bank
• California Cryobank Stem Cell Services LLC
• Global Cord Blood Corporation
• LifeCell International
• Regrow Biosciences Pvt. Ltd.
• Smart Cells International
• StemCyte
• ViaCord
• Vita34 AG
Key questions answered by the report.
• What is the projected CAGR for revenue from the Cord Blood Banking Services Market during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Cord Blood Banking Services Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
As per the study, the market is expected to grow at a CAGR of 15.35% during the forecast period of 2022-2028 to reach US$ ~15.56 Bn in 2028 from US$ 4.81 Bn in 2021.
The services offered by cord blood banks include gathering, processing, and storing stem cells for future use. The market for cord blood banking services has grown as a result of increased autoimmune disease prevalence and its many subtypes.
The main driver of market expansion is the existence of Treg cells in the umbilical cords, which are essential in limiting the overreactions of immune systems. Over 80 hereditary illnesses, including cancer and diabetes, can be treated using the stem cells found in cord blood. Over 7000 hereditary disorders can be screened for using the recently developed genomic profiling assays conducted using next-generation sequencing technology.
The outcomes aid in ensuring the patients' security prior to the transplant. The AXP II system offers total automation of the process, from isolation to collection and storage. The process may be conducted within the regulatory system thanks to the system's adaptable user interface and adaptability, which also helps to reduce volume and offer consistent buffy coat volume.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Service Type
The cord blood banking services market is divided into public and private. Due to the significant expense charged for the collection and storage of CB units, private banks received the greatest income share.
Furthermore, compared to state banks, the customer bases of private players are growing as a result of their marketing strategies. When all the aforementioned elements were taken into account, the private banking service segment dominated the global market.
By Application Type
The market is segmented into cancer, blood disorders, metabolic disorders, bone marrow failure syndrome, and others. The demand for these services is being fueled by consumers' rising purchasing power and the appropriate payment options that market participants are providing.
The number of individuals needing bone marrow transplants is also projected to rise as the incidence of cancer and other genetically based fatal diseases rises.
For instance, Hodgkin's or non-Hodgkin' lymphoma, another cancer that is commonly treated with stem cell therapy, affects roughly 761,659 people in the United States alone, according to the Leukemia Research Foundation.
As a result, it is anticipated that in the near future, demand for suitable CB units will increase quickly, leading to a major increase in the demand for public banking.
Which Region is expected to remain the largest market?
The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America currently holds a dominant position in the market outlook due to the region's increasing incidence of cancer and other diseases including leukemias and lymphomas across all age groups.
The general expansion of the Cord Blood Banking Services business in North America has been driven by booming service providers, non-profit organisations, and growing public knowledge of the long-term advantages of keeping cord blood.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Cord Blood Banking Services Market:
• BrainStorm Cell Limited
• Caladrius Biosciences, Inc.
• Celgene Corporation
• Cord Blood Registry (CBR) Systems
• Cordlife Group Limited
• Cryo-Cell International
• CryoHoldco
• Cryo-Save
• China Cord Blood Corporation
• Cord Blood America Inc.
• Virgin Health Bank
• California Cryobank Stem Cell Services LLC
• Global Cord Blood Corporation
• LifeCell International
• Regrow Biosciences Pvt. Ltd.
• Smart Cells International
• StemCyte
• ViaCord
• Vita34 AG
Key questions answered by the report.
• What is the projected CAGR for revenue from the Cord Blood Banking Services Market during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Cord Blood Banking Services Market?
• Which are the major market players?
Custom Research:
Stratview Research delivers custom research services across sectors. In case of any custom research requirements, please send your inquiry to sales@stratviewresearch.com. Or connect with our experts at +1-313-307-4176.
About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision-making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
