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Starch Based Edible Coating Market: Corn Starch Based Edible Coatings Sought-After as a Key Postharvest Quality Enabler

April 18, 2019 by Steve Blade  

 The report on starch based edible coating market is a through accumulation of highly useful and actionable insights. The FactMR report gives an extensive assessment on the starch based edible coating market, which manifests research on noteworthy dynamics, such as lucrative opportunities, key insights, trends, growth drivers, and restraints for the starch based edible coating market. The report evaluates the size of the starch based edible coating market in terms of volume (Tons) and value (US$ Mn).

Over 60% of overall volume sales in the market were accounted by the corn starch based edible coatings in 2018. Corn starch reinforced with glycerol and nutmeg oil nanoemulsion are sought-after among food producers, as it facilitates enhancing functional and mechanical attributes of the edible films. Key players in the starch based edible coatings market have also been working on the incorporation of fatty acids into corn starch based variants, to ebb their hygroscopic nature and improve water vapor permeability.

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North America Starch Based Edible Market to Witness Sales of More Than 25,000 Tons in 2019

According to Fact.MR study, North America, led by robust demand in the US, will continue to lead the global starch based edible coating market. Starch based edible coating sales in the US will be sustained by rising adoption in food industry, and growing consumer inclination towards healthy and safe food. The study opines that gains will be healthy in Europe, on account of cassava starch based edible coating sales for application in minimally processed food products in the region.

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The report provides a comprehensive analysis and estimate on starch based edible coating market on the basis of segmental analysis. The key segments identified in starch based edible coating market include region, source, and application. Fact.MR analysts have analyzed the starch based edible coating market segments, thereby, providing an explicit comparison between key market data, including the market share, revenue, volume, and Y-o-Y growth.

The report also carries information about the regional performance of starch based edible coating market, classifying the market into North America, Europe, Japan, Asia-Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Latin America.

Several studies have proved the ability of starch based edible coatings in increasing shelf life and quality of fruits and vegetables, as these facilitate the development of edible barriers at a relatively affordable cost. On the contrary, significant cost is associated with synthetic coatings that necessitate incorporation of components, including lipids, plasticizers, surfactants, or other hydrophobic polymers, into the coating formulation to attain a good adherence on the host product surface

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Recycled Construction Aggregates Market: Resurgent Growth in Residential Construction and Infrastructure Development to Uphold Demand

April 18, 2019 by Steve Blade  

 The report on the recycled construction aggregates market provides market dynamics including trends, drivers, and challenges that are likely to influence the current market scenario and future status of the recycled construction aggregates market. The report offers in-depth analysis, key insights, historical data, and forecast on the recycled construction aggregates market.

According to a recent Fact.MR study, prospects remain bullish for the recycled construction aggregates market, with sales of over 3.7 million tons estimated in 2018, and a projected Y-o-Y of nearly 5% in 2019.

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There been a marked preference for recycled construction and crushed stone among manufacturers, in light of its relative cost-efficiency. Construction of a firm base in driveways, footpaths, and car parking, are key application areas where crushed stone witnesses significant adoption.  Demand for crushed stone in the recycled construction aggregates market is further undergird by growing number of infrastructure development projects worldwide.

APEJ Retains its Dominion in Recycled Construction Aggregates Market

Fact.MR study expects Asia Pacific Excluding Japan (APEJ) to remain lucrative in the recycled construction aggregates market. The sales in APEJ is expected to exceed 2.3 million tons in 2018. As construction and demolition waste in APEJ is becoming a major issue, leading institutions of construction in the region are implementing demolition waste management programs.

China is likely to emerge as the largest consumer of recycled construction aggregates in the coming years. A massive rise in building and non-building construction is stimulating recycled construction aggregates sales in China. The healthier construction climate is likely to drive growth for recycled construction aggregates in Easter Europe. Germany is expected to hold a strong position in the recycled construction aggregates market. Recycled construction aggregates is emerging as an important source of aggregates in Britain, owing to the rise in demolition of old structures and construction of new building and structures.

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The report provides details on each segment in the recycled construction aggregates market. The recycled construction aggregates market is segmented based on the type and end-use. These segments are further bifurcated into sub-segments, to offers insights on the recycled construction aggregates market.

On the basis of type, the recycled construction aggregates market is segmented into crushed stone, cement concrete, asphalt pavements debris, and sand & gravel. Based on the end-use, the recycled construction aggregates market is divided into residential, roads & bridges, and industrial.

The report offers detailed profiles of all the leading players in the recycled construction aggregates market. Some of the major companies operating in the market are Delta Sand & Gravel Co., HeidelbergCement AG, Aggregate Industries Management, Inc., Green Stone Materials, CEMEX, Vulcan Materials Company, CESPA, LafargeHolcim Ltd., CRH Plc., and Tarmac.

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Western Europe to be at the Forefront of Global Rail Gangways Market

April 18, 2019 by Steve Blade  

A new report provides a 10-year analysis and forecast of global rail gangways market for the period of 2018 to 2028. 2017 is considered as base year of the market study with values estimated for 2018 and forecast developed for the duration between 2017 and 2028. The study on global rail gangways market covers various perspectives such as market dynamics, macro- and micro-economic growth analysis, pricing analysis, competition analysis, value chain, segmental and regional growth comparison, as well as segment-level projections in an elaborative manner. In terms of value, the global rail gangways market is anticipated to expand at a CAGR of 4.9% over the forecast period, according to study findings and perspectives of industry participants.

Growing need for rail gangways in various countries on the coattails of ongoing railway infrastructure development along with new construction of metro rails is anticipated to accelerate the growth of rail gangways market across the globe.

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High Speed Railway Infrastructure and Digitalization in Metro Generating Opportunities for Rail Gangways Market

Sprawling railway infrastructure along with growing need for high speed rail transportation among middle-class population is expected to give a boost to the growth of rail gangways market globally.

Introduction of government schemes for enhancing connectivity between cities through the development of high speed train infrastructure and incorporation of digitalization in metro are the crucial factors to ramp up the growth of rail gangways market in the global scenario. Moreover, China is making large scale investments for improving the country’s rail sector which in turn is likely to create lucrative opportunities of manufactures of rail gangways.

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Western Europe to be at the Forefront of Global Rail Gangways Market

In terms of market value share, the global rail gangways market is expected to remain concentrated in Western Europe, followed by China which is likely to account for maximum share in term of sales during the forecast period of 2018-2028.

South East Asia & Pacific is estimated to project incremental $ opportunity worth nearly US$ 30.6 million, while rail gangways market in Latin America and Japan are anticipated to expand at an above average rate throughout the forecast period.

Global Rail Gangways Market Structure

Nature of the global rail gangways market is likely to remain consolidated, with leading players accounting for the highest market share. These players are expected to generate over US$ 50 million in revenue through the global sales of rail gangways.

Mid-sized companies operating in the global rail gangways market are projected to hold market share of 25% to 35%.

Some of the prominent players of the global rail gangways market are Hubner GmbH & Co. KG, Bellow and Bus (Pty) Ltd., Chongqing Hengtai Electromechanical Equipment Co., Ltd., Schliess- und Sicherungssysteme GmbH, Airflow Equipments (India) Pvt. Limited, ATG AUTOTECHNIK GmbH, Hutchinson, Dellner Couplers AB, Narita Mfg. Ltd., KTK Group, Qingdao Victall Railway Co., Ltd, Kasper Elektronik GmbH, Korea Railway Parts Co Ltd, and Vulcanite Pty Ltd.

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Natural Food Preservatives Market: Safe Properties of Natural Food Preservatives Fueling their Adoption

April 18, 2019 by Steve Blade  

The report on natural food preservatives market offers a succinct overview of natural food preservatives market, which includes market introduction and definition of the key offering – natural food preservatives. A systematic breakdown of natural food preservatives market has been provided in the report. Size of natural food preservatives market is evaluated in terms of volume (tons) and value (BN), and forecast on natural food preservatives market has been offered for the time period 2018 to 2028.

Sales of natural food preservatives have witnessed sheer proliferation in recent years, in line with growing consumer preference for clean label products. The revenue from sales of natural food preservatives is expected to reach US$ 796.5 MN by the end of the report forecast period (2018-2028). According to the Fact.MR report on natural food preservatives market, technologically advanced and innovative ways of manufacturing natural food preservatives are projected to underpin gains in global natural food preservatives market.

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Adoption of Performance-Driven Strategies Becoming Paramount

The natural food preservatives market is witnessing rapidly changing trends, such as the development of modified and highly advanced natural preservatives with more efficiency in increasingly shelf life of food products. The rigorous competition in natural food preservatives market is propelling natural food preservatives’ manufacturers to induce innovation and technology in their manufacturing processes to move ahead of the competition. To capitalize on the growing demand for organic food preservatives, and to gain hefty natural food preservatives market share, several leading players in natural food preservatives market are adapting numerous unique market strategies, such as mergers, innovative product development, acquisitions, partnerships, and expansion of existing facilities. 

Fact.MR report on natural food preservatives market opines that considerable market penetration is driving the introduction of novel products composed of easily available natural food preservatives. The leading players in natural food preservatives market are responding to such opportunities by extending their offerings and introducing novel products, which is further fueling the stake of natural food preservatives across the globe.

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As per natural food preservatives market report, the high nutritional value of natural food preservatives is also fueling the global sales of natural food preservatives. Additionally the rise in product development in tandem with advancing research are other main factors expected to drive growth in natural food preservatives market. 

Detailed profiling of other leading players operating in natural food preservatives market has also been included in Fact.MR report on natural food preservatives market. Key players operating in natural food preservatives market include Archer Daniels Midland Company,  Handary S.A.,  Tate & Lyle, Cargill, Naturex SA, E. I. du Pont de Nemours, Merck KGaA, Danisco, Kalsec Inc.,  Kemin Industries, Inc., Brenntag Inc, Kerry Group Plc, BTSA Biotecnologías Aplicadas, Zhengzhou Bainafo Bioengineering Co., Ltd., Siveele B.V., Royal DSM, MAYASAN Food Industries A.S., Wiley Organics, Inc., Chihon Biotechnology Co., Koninklijke DSM N.V., Chr. Hansen Holding A/S, Cayman Chemical Company, Inc, Dumoco Co. Ltd., and others.

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Natural Food Colors Market in APEJ Region Dominated the Global Market with Over 30% Revenue Share

April 18, 2019 by Steve Blade  

 A recently compiled Fact.MR report, titled “Natural Food Colors Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2028” gives a detailed analysis on the natural food colors market. The information about the natural food colors market is presented in chapter-wise manner in the report. Growth prospects of the natural food colors market has been assessed for the forecast period 2018-2028, and are presented in terms of volume and value (US$ Million). The report provides a comprehensive assessment and prediction on market growth and the competitive landscape of the natural food colors market.

The Fact.MR study provides valuable information about how the natural food colors market will grow during the period 2018-2028. The study predicts that the market will grow at an incremental 6.5% value CAGR, exceeding US$ 14 billion by the end of the forecast period.

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Health-conscious consumers have consistently eschewed artificial/synthetic food colors, insisting on buying food products with natural food colors. The movement towards natural food ingredients pushed the natural food colors market to surpass US$ 7.5 billion in 2018, according to a Fact.MR study. The study predicts that the natural food colors market will continue to witness robust growth with a mounting number of consumers as well as industry players replacing artificial dyes with their natural counterparts.

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https://www.factmr.com/report/3064/natural-food-color-market

Some of the valuable insights about growth of the natural food colors market that are featured in the Fact.MR study include,

  • Intensifying consumer resistance to products containing synthetic food colors presents a major driving force for the natural food colors market.
  • Increasing growth of the clean label movement is making consumers label-conscious. Thereby, food manufacturers are resorting to natural food colors as artificial colors are posing an acute risk to their brand value.
  • Natural food color market players need to conform to high standards and gain approvals from governing bodies through complex certification procedures. Stringent quality regulations from regional and international organizations may create temporary manufacturing challenges for natural food colors market players.

Growing Demand for Natural Food Colors Underpinned by Increased Health Concerns

Consumers are becoming extremely conscious about their dietary habits to maintain a healthy lifestyle and combat the increasing prevalence of lifestyle diseases, such as obesity and cardiovascular diseases. This is leading to enhance their focus on food ingredients while purchasing packaged food products. In addition, growing awareness about the negative health impacts of synthetic food colors is driving consumers to purchase food products with natural food colors. Moreover, increasing number of consumers discovering that they are allergic to synthetic food colors is expected to provide an impetus to growth of the natural food colors market in the upcoming years.

Key players inude Kalsec Inc., McCormick & Company, ROHA Dyechem Pvt. Ltd., San-Ei Gen F.F.I Inc., GNT International B.V, and LycoRed.

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Natural Cold, Cough, and Sore Throat Remedies Market: Homeopathy Medicines Emerge as a Vital Growth Area for Market Players

April 18, 2019 by Steve Blade  

The latest report published by Fact.MR on the natural cold, cough, and sore throat remedies market provide valuable and actionable insights about the market along with all the important factors that influence its growth currently and will continue to impact the natural cold, cough, and sore throat market during the forecast period. The research provides a complete analysis of the natural cold, cough, and sore throat market and provides an authentic forecast of the market in addition to a historical analysis of the performance of the market.

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According to a recent study of Fact.MR, the natural cold, cough, and sore throat remedies market is expected to surpass revenues worth US$ 4,800 Mn in 2019. The rising popularity of alternative medicine and therapies, coupled with the widespread adoption of natural medication in healthcare worldwide are key factors that are fueling growth of the natural cold, cough, and sore throat remedies market.

The study opines that natural syrups and drops will continue to hold nearly half share of the market, accounting for revenues worth over US$ 2,200 Mn in 2018. The palatable taste of syrups and the presence of multiple ingredients deemed to boost the overall immunity, while combating cold and cough, are pivotal reasons behind increased traction for natural syrups & drops. For instance, sales of Nin Jiom Pei Pa Koa, a Chinese herbal syrup for treating cough, witnessed a significant surge in sales in the US during the flu season in 2018, not only because it was effective but also because consumers found the syrup’s taste surprisingly pleasant.

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Growing instances of respiratory diseases due to modern lifestyle choices, and exposure to growing concentration of pollutants in the environment, is expected to underpin growth of the natural cold, cough and sore throat remedies market. The World Health Organization states that, currently, nearly 65 million people suffer from moderate or severe chronic obstructive pulmonary disease (COPD), while over 330 million people are diagnosed with asthma worldwide. Natural cold, cough, and sore throat remedies can potentially help in suppressing the symptoms of these respiratory diseases, and provide comfort to patients. 

Market Structure

The report on natural cold, cough, and sore throat remedies market is segmented on the basis of product type and distribution channel.

On the basis of product type, the natural cold, cough, and sore throat remedies market is divided into syrups and drops, tablets and capsules, powders, pellets, and drink mixes, inhalers, sprays, and rubs, and lozenges.

Based on the distribution channel, the natural cold, cough, and sore throat remedies market has been segmented into hospital pharmacies, retail pharmacies, e-commerce and mail-order pharmacies.

According to the study, opportunities are abundant for key players in the natural cold, cough and sore throat remedies market in Asia-Pacific excluding Japan (APEJ). Deep-rooted traditional beliefs about the effectiveness of natural substances in the treatment of health ailments, and easy accessibility to raw materials for the production of natural remedies, are vital growth determinants for the market players in the region.

There have been various government initiatives in the region to promote use of natural medications for cold, cough and sore throat. For instance, the Indian government formed the Ministry of AYUSH to streamline production of Ayurvedic medicines and naturopathy. China, on the other hand, allows commercial sales of herbal medicines without the requirement for approval from the Chinese Food and Drug Administration. Following India and China’s lead, Japan decided signed a pact with India to promote cooperation in the field of Ayurveda. With more such initiatives in the pipeline, growth of the natural cold, cough, and sore throat remedies market in APEJ will remain robust.

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Motorcycle Suspension System Market: Proliferating Two-Wheeler Sales to fuel Growth of the OEM Manufacturing Units

April 18, 2019 by Steve Blade  

Growing two-wheeler sales coupled with worsening transport infrastructure and growing fuel prices around the world are expected to bolster the growth of the motorcycle suspension systems market. A recent study released by Fact.MR estimates that the factors will aid the growth of the global motorcycle suspension system market which is anticipated to cross the US$ 1.5 million valuation mark in 2020.

Another vital reason behind the substantial rise in revenue generated by OEMs is the presence of leading multinational OEM brands in developing regions. Further, the per capita rise in the disposable income of the population in the region is causing a surge in the demand for high-powered scooters and motorcycles. The growth of the electric bike sector in the European region is also estimated to boost the demand for motorcycle suspension systems.

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OEMs continue to bank on using passive suspension systems in two-wheelers owing to their simple design and durability. Demand for independent front suspension is estimated to remain high in the foreseeable future owing to the system providing an assortment of benefits such as better handling, steering, cornering, and stability while providing more comfort while riding the bike. In addition to this, its lightweight components do not add additional mass to the vehicle.

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APEJ to Remain at the Forefront of the Motorcycle Suspension System Market Growth

Bolstering industrial production, developing economies, and a steady proliferation of the automotive industry in APEJ are estimated to drive the growth of the motorcycle suspension system market in the region. The factors are anticipated to make APEJ the biggest market for the motorcycle suspension system market both in terms of volume and value. The motorcycle suspension system market in the Western European region is expected to steadily gain traction on the back of anticipated growth in the manufacturing and evolving automotive sector in the area. The motorcycle suspension system market is expected to grow at a moderate rate in the other regions around the world.

Recent times have seen a comprehensive increase in the sales of two-wheelers around the world which, in turn, is boosting the demand for suspension systems. A substantial increase in the demand for two-wheelers can be attributed to the absence of last mile connectivity to rural areas. In addition to this, the relative affordability of two-wheelers makes this form of transportation an attractive option for consumers which has given rise to a trend of having multiple two-wheelers in a single household. Further, increasing traffic congestion is making commutation lengthy when opting for traveling in four-wheelers. Owing to these factors and the growing prices of fuel, consumers are gradually shifting to using two-wheelers for their commute.

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Some of the key players operating in the motorcycle suspension system market are Duro Shox Pvt. Ltd., BMW Motorrad, Gabriel India Ltd., KYB Corporation, Progressive Suspension Inc., Nitron Racing Shocks, ZF Friedrichshafen AG, SHOWA Corporation, K-Tech Suspension, Inc., WP-Group, Ohlins USA, Nitron Racing Shocks, BITUBO S.r.l., Tractive Suspension, ABE Bike Engineering, RST Suspension, Traxxion Dynamics, Mupor Srl, and Marzocchi Moto.

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Micro reactor Technology Market Shares Remain Clustered among Emerging Players

April 18, 2019 by Steve Blade  

 In order to dissert the market scenario prevailing across the “Microreactor Technology Market ” sector, Fact.MR has evenly presented a new examination titled “Microreactor Technology Market”, to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the “Microreactor Technology Market ” in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

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A recent research study by Fact.MR finds that the microreactor sales reached 294 thousand units in 2018 and are projected to grow at a Y-O-Y of nearly 9% in 2019. Increasing competition among manufacturing companies in order to develop finer products remains a key aspect spurring the demand for microreactor technology. Ability of microreactor technology to facilitate effective and efficient drug synthesis is one of the key factors responsible for its rising adoption in the pharmaceutical industry.

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https://www.factmr.com/report/2815/microreactor-technology-market

“Microreactor technology is also being widely acknowledged by various end-use industries for its ability to catalyze faster reactions, which also ensures higher yields of up to cent percent with no compromise in terms of quality. Microreactors have evolved as a standard tool for end users for ameliorating quality via accurate control of crucial operation parameters, ranging from pressure to space velocities”, Senior Analyst, Fact.MR

Reduction of Time-to-Market Aspect Fosters Adoption in Drug Development Processes

Drug development processes in the pharmaceuticals industry are witnessing notable refinements in the internal processes, in line with the evolving market pressures. With the drug development costs being extremely high, key pharmaceutical companies are vying to come up with new products in the market space and enhance research and development throughput. Ability of microreactor technology to decrease time-to-market, which remains one of the highly valued aspects, is empowering its adoption in case of drug development processes. Solid evidences demonstrating higher gains achieved, with reduced development times and enhanced productivity, have necessitated adoption of microreactor technology in the pharmaceutical landscape. 

According to the report, microreactor technology market remains consolidated at the bottom, with the tier 3 or emerging players holding a considerable revenue share. Specific product segments and augmentation of volume sales remain two of the key focal points of these emerging players.

Fact.MR’s report offers actionable intelligence with a comprehensive opportunity assessment of the microreactor technology market. The report finds that the microreactor technology market is likely to grow at a volume CAGR of around 8% through 2028.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Marine Seats Market: Versatile Marine Seating Options Gain Traction

April 18, 2019 by Steve Blade  

 A recently released report by Fact.MR titled, “Marine Seats Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028” provides detailed and actionable insights into the marine seats market. All the key market trends that influence the marine seats market growth have been presented in the report. Additionally, all the macro and microeconomic facets that influence the marine seats market growth such as drivers, restraints, threats, challenges, and opportunities have been propounded in the report. Further, a segment and country wise analysis of the market has been provided.

The Fact.MR report tracks the marine seats market for the period 2018-2028. According to the report, the marine seats market is projected to grow at 4.6% CAGR through 2028.

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Enhanced Comfort and Aesthetics Continue to Remain Developmental Focus Areas of Marine Seats Manufacturers

Comfortable marine seating has been gaining a significant palpability in the recent past, which has prompted marine seats market players to focus on developing novel solutions, keeping consumer convenience at the forefront. Sailors and crew onboard marine vessels have been complaining of developing back problems, and sustaining injuries due to the pounding impact of waves even in shallow waters.

Surveys have suggested absence of stable seating in boats to create problems for sailors even while navigating in calm waters. Water sporting events such as water skiing and paragliding require boats to travel at great speeds, which increases the susceptibility of drivers getting injured during the process.

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Manufacturers are launching new versatile marine seating options to provide added convenience to consumers and boost sales. For instance, boat owners are increasingly opting for marine seats with storage over normal seats while marine seats with coolers are also gradually becoming popular among boat owners and operators offering them the convenience of storing drinks without the requirement for carrying an extra cooler onboard. Companies are also working towards manufacturing marine seats with navigation capabilities for the bridge of the ship.

The study estimates that demand for boats in Europe will continue to burgeon, as the European Union is increasingly converging its efforts towards enhancing the coastal and maritime tourism in the continent. In addition, the presence of multiple inland waterways and the region’s proximity to marine waters is estimated to play a vital role in the proliferation of the marine seats market.

According to a recent report by the European Boating Industry, more than 48 Mn people participate in water sports in the region every year, a figure which is gradually increasing. France, Italy, the UK, and Germany are the main countries contributing significantly to the robust market growth in the continent.

 

Some of the prominent marine seats market players profiled in the report include Leader Accessories LLC, Wise Seats, Moeller Marine Products, Attwood Marine Products, DeckMate Boat Seats, Springfield Marine Company, Todd Marine Products, Tempress, Lipper Components Inc., Taco Marine, Grammer Group, Hansen Protection, Viotap Marine Products, Oceansouth Australia, and SanHui.

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Marine Scrubber Systems Market- APEJ & Western Europe to Spearhead Demand for Marine Scrubber Systems

April 18, 2019 by Steve Blade  

Fact.MR recently released a report titled “Marine Scrubber Systems Market: Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018-2028” which includes key insights into the marine scrubber systems market. The report on marine scrubber systems market includes a thorough analysis of the key factors that influence the growth of the market. Additionally, an extensive assessment of all the micro and macroeconomic facets such as drivers, threats, restraints, threats, and challenges have been included in the report. A thorough opportunity analysis has also been included in the report. In addition to a historical analysis of the marine scrubber systems market, the report also includes an authentic and accurate forecast.

Marine scrubber systems market is expected to continue its steady growth on account of their growing installation and retrofitting on marine engines exhaust systems and boilers on ships. This is attributed to the unique advantages of marine scrubber systems in alleviating harmful sulphur dioxide gas content (Sox) emissions. The worldwide marine scrubber systems market is anticipated to register 20.4% CAGR in terms of value between 2018 and 2028 owing to myriad factors mentioned in Fact.MR report on marine scrubber systems market.

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Marine Scrubber Systems Market- Demand for Marine Scrubber Systems for Retrofit Applications to Surge

The marine scrubber systems is foreseen to demand from both greenfield (installing marine scrubber systems on new ships) and brownfield (installing marine scrubber systems on pre-existing ships lacking efficient exhaust cleaning systems). However, the demand for marine scrubber systems in retrofit applications is likely to witness exponential growth, owing to federal interventions and amendments. For instance, the IMO Fuel Sulphur Regulation, which is impeding and is scheduled for January 2020, will ask the existing marine vessels to switch to either low sulphur-concentrated fuels or employ marine scrubber systems for cleaning the exhaust frameworks of SOx.

APEJ continues to be highly lucrative with prime opportunities for manufacturers of marine scrubber systems, with Western Europe & North America following the suit. Key ASEAN countries such as South Korea, China, India, and others are foreseen to stay the forefront of demand for effective marine scrubber systems, notably from renowned merchants as well as commercial fleets across APEJ region.

 

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The report on marine scrubber systems market provides a concrete definition of the market along with a comprehensive market taxonomy. The report segments the marine scrubber systems market on the basis of technology, application, vessel type, fuel type, and region. Based on technology, the marine scrubber systems market has been segmented into open loop system, closed loop system, and hybrid systems. On the basis of application, the marine scrubber systems market has been segmented into new-build, and retrofit. On the basis of vessel type, the marine scrubber systems market has been segmented into commercial vessels and offshore vessels. Based on the fuel type, the marine scrubber systems market has been segmented into marine gas oil (MGO), marine diesel oil (MDO), residual fuel oil (RFO), and intermediate fuel oil (IFO). A market attractiveness analysis for each of the identified segments has been provided in the report.

As per Fact.MR report on marine scrubber systems market, in technology segment, the wet marine scrubber systems are likely to remain dominant in marine scrubber systems market by accounting for a healthy market share. The report estimates that it will account for over 90% share of the total absolute dollar opportunity in marine scrubber systems market by 2028-end. Ship operators and owners have been adopting open loop wet marine scrubber systems, however, as per the report marine scrubber systems market for the hybrid variants is also likely to witness comparatively healthy growth.

The Fact.MR report on marine scrubber systems market envisaged that based on market value, the worldwide marine scrubber systems market is envisaged to value over US$ 11Bn during 2018-2028.

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About FactMR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Read Full PR: https://www.factmr.com/media-release/889/marine-scrubber-systems-market