Global Beacon Technology Market Forecast and Trends

Global Beacon Technology market witness market size of USD 1.29 billion in 2019 to projected to reach USD 19.32 billion by 2026 at a CAGR of 47.6% during 2020-2026. The major factors contributing to the growth of the beacon market include rising demand for Indoor Positioning and Indoor Navigation (IPIN) systems in retail stores and shopping malls.

In addition cohesive government policies and growing internet penetration coupled with increasing smartphone users contributing with significant growth rate in global market. Due to its marketing significance, IPIN systems are increasingly being adopted in retail stores and shopping malls to send push notifications through it. The rising penetration of the Internet of Things (IoT) is also assisting the market growth. The technology allows beacons to detect information, enabling them to communicate more accurately with other devices and to make location-based searching and interaction.

Global Beacon Technology Market: Overview

Beacon is a small, inexpensive wireless device that transmits signals using either Bluetooth Low Energy BLE or Bluetooth SMART. Mobile apps on compatible devices can listen to signals from nearby beacons and then trigger an experience such as sending a promotional notification, a coupon, a video, a URL form, and others through the app. Each beacon has a unique number and letter ID, and Bluetooth broadcasts identification information several times a second.

Growth Drivers

Increasing investments in proximity marketing lead to market growth

Proximity marketing target potential customers with personalized customer location-based advertisements to attract the customer to purchase. Over the last few years, proximity marketing has seen an increase in investment due to several factors such as high chances of successful sales conversion, improved customer relationships, enhanced personalized experience, real-time and inexpensive compared to traditional marketing. Increasing usage of mobile leads to proximity marketing, which will, in turn, drive the growth of beacon technology as it is the simplest way to connect the customers. However, to connect customer devices,...

Global Polyurea Market Forecast and Trends

The Global Polyurea Market has reached USD 0.815 Billion in 2019 and projected to reach USD 1.15 Billion by 2026 with a significant CAGR of 4.96% during the forcast period 2020-2026. Increasing use of protective coatings in automotive and construction applications is anticipated to promote the use of the polymer due to their rust prevention and high durability.

Increasing use of adhesives and sealants as bonding agents in the automotive and construction industries is expected in the near future to play a crucial role in promoting growth in the market. Increasing expenditure on the use of lining systems for environmental protection in operations, including landfill management, is expected to fuel the market for polyurea because of strict regulations aimed at reducing the adverse effect of emissions.

Global Polyurea Market: Overview

Polyurea is a state-of - the-art coating technology with elastomeric and flexible formulation but extremely strong and proves to be an incredibly versatile protective cover. The worldwide unprecedented growth of the chemical industry is driving the growth and advancement behind polyurea coatings in technology sector.

Growth Drivers

Rapid indutrialisation across the globe positively affects the market

Polyurea coatings are utilized as tank coatings, pipeline coatings, as well as for coating machinery & equipment in several industries such as mining, chemicals, oil and gas, water supply and treatment, etc. Hence, global rapid industrialization will positively influence the polyurea market. Rising environmental awareness relating to VOC emissions will act as the major driving factor for the polyurea market. Growing automotive production will lift the demand for polyurea, as they are used as anti-scratch and anti-corrosive...

Global Oleochemicals Market size- Industry Trends & Forecast Report 2026

The global market of Oleochemicals Market has reached USD 21.4 Billion in 2019 and projected to reach USD 35.7 Billion by 2026 with a significant CAGR of 7.6% during the forecast period 2020-2026. Promising government policies regarding financial incentives and tax benefits for bio-based chemical producers are positively influencing the industry growth.

The biodegradability of oleochemicals has gained significant popularity specifically in the food industry where it is extensively used as emulsifiers in food products such as, cake, bread, confectionary, and others. The application development along with product innovation will offer potential opportunities for companies operating in the industry during the forecast period.

Global Oleochemicals Market: Overview

Oleochemicals are natural compounds derived from the hydrolysis of natural vegetable oil, such as sunflower, soybean, corn; and animal fats, including, rendered fats, tallow, lard and fish. Fatty acids, glycerine, methyl esters and fatty alcohols are the most common types of oleochemicals offered in the market. They are biodegradable, environment-friendly, exhibit low toxicity, and are rapidly replacing conventionally used petrochemicals. Additionally, oleochemicals find widespread application in the production of...

Global Carotenoids Market – Market Forecast & Trends

The Global Carotenoids Market was prized at USD 1.27 billion in 2019, and it is predictable to reach USD 1.91 billion by 2026, at a CAGR of 4.7 %, over the forecast period.

Numerous end-user applications of carotenoids, counting practice in preventive healthcare, and nutraceuticals, along with the rising significance of food excellence and appearance, have been the motivating issues for the global carotenoid market. With growing mindfulness among customers about clean-label solutions and health-based products, there has been a growing request for food encouraged with carotenoids, which offers an excellent chance for manufacturers, particularly in the developing markets, such as Asia-Pacific.

The surge in health matters of the elderly population, such as image damage coupled with the rise in acceptance of carotenoids in the emerging countries, has increased the development of the global carotenoids market. However, strict standards and regulations concerning the use of carotenoids in human food, high cost of naturally happening carotenoids as compared to synthetic complements, and high chances of contamination hinder the market growth. On the opposing, a rise in requests for natural colorants in beverages, cosmetics, and food processing is predictable to generate profitable chances in the near future.

Global Carotenoids Market – Overview

Carotenoids are organic colors that are found in many plants and organisms. These products act as antioxidants and defend the body against long-lasting diseases, cellular damage, and the effects of the elderly. Rising practice of this product in nutritional additions because of swelling health substances will surge energy market request.

Carotenoids are commercially reachable in numerous forms counting beta-carotene, lutein, lycopene, annatto, canthaxanthin, astaxanthin, zeaxanthin. These products find considerable practice in human food, animal feed, nutritional supplements, pharmaceuticals, and cosmetics as...

Global Mushroom Cultivation Market – Market Forecast & Trends

The Global Mushroom Cultivation Market was prized at USD 16.9 billion in 2019, and it is predicted to reach USD 19.04 billion by 2026, at a CAGR of 4.3 %, over the forecast period.

The global mushroom cultivation market is predictable to witness substantial development due to factors such as the numerous health welfares of mushrooms, growing per capita mushroom intake, cost-effective production, growing request for vegan and natural food in the diet, and growing health mindful population across the sphere contributing the request for mushroom cultivation.

Rising commercial mushroom intake in restaurants, hotels, supermarkets, cafeterias are predictable to play an essential role in influencing the market shortly. Shifting consumer likings towards vegan food and growing meat substitute demand is anticipated to help the mushroom market over the estimated time. Shiitake and Button mushrooms are rich protein sources, making them needed meat substitutes amid consumers. Flowing consumer likings towards processed food consumption is another crucial factor probable to help the market over the next seven years. Mushrooms have a significantly short shelf life, which is predicted to affect the market in the near future negatively. Mushroom cultivation is heavily labored exhaustive and requires high operational costs. This vital factor can hamper market growth over the forecast period.

Global Mushroom Cultivation Market – Overview

Mushrooms are measured well for fitness, as they comprise negligible sodium and gluten content. Low fat and lipid content are...

Global Personal Protective Equipment Market – Market Forecast & Trends

The Global Personal Protective Equipment Market was prized at USD 44.0 billion in 2019, and it is predictable to reach USD 72.1 billion by 2026, at a CAGR of 7.3 %, over the forecast period.

The growing blue-collar workforce, in line with an increasing number of construction and manufacturing projects, is probable to increase the danger of occupational hazards unavoidably. This has bound companies to surge the level of mindfulness relating to health hazards and adhere to professional fitness and safety rules. This is predictable to limb the request for personal protective equipment over the prediction period. Growing essential for breathing gear in mining, emergency response, military, and law implementation, healthcare, and fire services, coupled with increasing examples of wounds at the workplace, is expected to push the market over the coming years.

Global Personal Protective Equipment Market – Overview

Personal Protective Equipment is a security gear that defends the user beside injury dangers at workplace.  Personal Protective Equipment contains of range of products eminent to protect different parts of human body that are unprotected to thoughtful injuries at workplace. Employers are vigorously looking for Personal Protective Equipment for their employees as it aids them to protect extra expenditures on lost manufacture time, workers recompense and medical expenditures.

Workers can bear wounds from contact with physical, radiological, electrical, chemical, mechanical or other workplace hazards. Individual defensive gear reduces the influence of these hazards by presenting a fence between user and the working environment. Individual defensive equipment stand last in the line of ladder of danger control. This policy outline covers systematic error elimination techniques to stop damages at workplace. In hierarchal order, the framework contains removal, replacement, industrial & managerial control methods and Personal Protective Equipment gears.

Growth Drivers

Increasing awareness about importance of...