Uniquely Designed Bionics & Cutting Edge Innovations are the Patterns to Look Out for in the Medical Bionic Implants & Exoskeletons Market

Medical Bionic Implants And Exoskeletons

The need for bionic items has seen noteworthy development principally due to more prominent awareness among patients, particularly elderly patients who might experience the ill effects of obesity and diabetes. The quantity of removals executed on an annual basis is likewise rising, legitimately profiting the worldwide market for medical bionic implants & exoskeletons. According to information from the National Center for Health Statistics, 185,000 amputations are led in the U.S. consistently and approximately 2 Mn individuals in the nation are as of now living with a misplaced limb. Fast progressions in the worldwide market have prompted as good as ever robotics technology. Medical device producers are eyeing at developing economies basically due to their enormous populaces and proceeded with the need for bionic substitutions. Moreover, a more noteworthy number of removals combined with enhanced abilities to cut edge biomaterial-based inserts is adding to the market development.

Regulatory bodies and national governments in a few nations are taking shared measures to guarantee that there is a consistent requirement for the market. The World Bank expresses that nations in Europe and the APAC market have seen a stamped ascend in FDI. Developing markets, for example, Indonesia, India, Mexico, and Malaysia have recorded a lot of higher monetary development rates than emerged countries. This is anticipated to fuel higher investment over the healthcare segment in these nations, encouraging the worldwide market. Providers are hindered by budgetary imperatives, yet they look for arrangements that find some kind of harmony among quality and reasonableness for their end clients. This has guaranteed high enthusiasm for companies giving and utilitarian, economical, and clinical solutions for potential customers.

The worldwide geriatric populace, especially in emerged countries should fuel the requirement for bionic prosthetic hardware as the danger of osteoarthritis, diabetes related gangrene cases, and peripheral vascular disease is higher among the older populace.

Organizations making traditional implants in the worldwide market for medical bionic implants & exoskeletons contend in the area of customary implants. On the other hand, custom-made bionics is presently accessible and they provide endless size and length alternatives because of the 3D printer and sensor innovation (one instance being open Bionics). Likewise, makers have focused their consideration on the generation procedure and lucrative design at the least conceivable expense, to support their aggressive situation in the worldwide market for medical bionic implants & exoskeletons. Bionic sensors that are mind-controlled are increasing a great deal of footing now as they are explicitly made to en diminish stress-strain shielding, improve intra-operative flexibility, and increment movement goes with superior articulations and biocompatibility. For example – by Ossur Corporate the Symbionic Leg is the principal bionic leg accessible in the worldwide market for medical bionic implants & exoskeletons. It is one of a kind as well as new as it brings together a checked power lower leg with a chip knee unit. A person could dorsiflex their lower appendages and this essentially diminishes the likelihood of falling.

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Health Benefits of Probiotics Ingredients Bolstering Market Growth

Probiotics ingredients are live micro-organisms that confer a health benefit on the host when administered in sufficient amounts “is the standard definition given by the United Nations Food and Agriculture Organization (FAO).Such pleasant and live bacteria are referred to as ‘ probiotic supplements ‘ when delivered and ingested by humans in non-food form, which are generally available in pills, capsules, dust, water, chewable and other forms. Ingredients for probiotics contain a variety of microorganisms. Bacteria belonging to groups called Lactobacillus and Bifidobacterium are the most common. There are many forms of bacteria in each of these two large classes. Certain bacteria, such as Saccharomycesboulardii, can also be used as probiotics.

Development and approval of new strains is a time-consuming process in the probiotic ingredients market

A long process is the approvals and clinical trials of new bacterial strains used by regulatory bodies as probiotic products for human consumption. It is therefore difficult to launch new products with improved quality and flexibility on the market for probiotic ingredients. It refers to regions where probiotic products have become a mature market and the need for brand revamping is enormous.

Segmentation of the Global Prebiotics Ingredients Market

Based on the product type, the probiotic ingredients market is segmented into bacterial and yeast segment. The bacterial segment is further sub-segmented as Lactobacillus, Bacillus, Enterococcus, Bifidobacterium, Streptococcus, and others, while the yeast segment is categorized as Saccharomyces cerevisiae, and Saccharomyces boulardii. The end use segment for probiotic ingredients have been classified into food and beverage processing, dietary supplements, personal care & cosmetics, and animal feed. On the basis of form, based on which the market has been classified into powder, suspension, granule, capsule, stick pack, tablet/chewable, and gel.

Competitive Outlook of the Global Prebiotics Ingredients Market

Demand for probiotic ingredients on the global market comes primarily from countries such as China, the United States, Germany, the United Kingdom, Japan, and other Western European countries, as the majority of probiotic supply on the global market comes from these countries. Besides, demand for a mixed probiotic strain is expected to rise at a rapid growth rate due to the increasing demand on the global market for probiotic ingredient-based beers and other alcoholic beverages. It is therefore expected that more and more companies will enter the market for probiotic ingredients. Also, probiotic manufacturers may concentrate on introducing new drink blends using probiotic ingredients to attract a younger population. Millennials are known for their desire to try different recipes as producers have the opportunity to introduce new flavored beer made from probiotic ingredients, which is expected to increase demand over the future.

Antibiotics are the biggest discoveries, and a million people worldwide have saved lives against deadly pathogens that destroy and deteriorate human health. They were taken on prescription and gained significant popularity to cure a kind of disease in the shortest time possible. But the medicines ‘ dark side is well-known and obvious. Consequently, scientists and doctors are educating customers on their effects. Such improvements involve altered intestinal microflora, dangerous diarrhea and the spread of antibiotic-resistant bacteria. Over the years, antibiotic follow-up using a probiotic diet has gained popularity due to increased consumer awareness. After the antibiotic treatment, the intake of probiotic diet results in the introduction of beneficial bacteria that are likely to improve the immunity during the recovery period and are likely to protect the body from further diseases.

Innovative Application of the Probiotics Ingredients in the Food Processing Industry to Increase its Demand in the Global Market

New and innovative products are high in demand in the market. The consumption of probiotic ingredients has increased in the past few years. In North America and Europe, the probiotic ingredient consumption was already present. But in the Asian and Middle East regions, the different types of food color pigment has become a trend. Thus, people are expecting more variety of flavor in probiotic ingredients. The health quotient remains in the food products that they consume, but innovative products are high on charts. Thus, manufacturers are finding new types of products that are high in demand in the market. They are also building R&D facilities for producing these new products. Probiotic ingredients has already gained popularity in the North American and Europe regions.

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Conductive Fibers Market Players Becoming Future-prepared by Following Environmental Norms

Conductive Fibers

With the utilization of tablets, smartphones, & alike electronics devices drawing close the phase of universality, customers are vulnerable to perils of nonparticulate radiation. This needs dependable assurance, requiring the expansion of conductive strands with multi-dimensional applications. It has been transforming the textile scenario by opening a plenty of prospects – underlying and apparent – in the transportation, sports, aerospace, and military scenarios to do the trick their specialty needs. Ecological guidelines set by governments have additionally actuated producers to create conductive filaments inside the limits of regulative standards that has made ready for the graphene-established conductive fibers. These developments would help producers to accomplish eco-friendly and low cost conductive fibers that is probably going to contain the way to proliferated implementation in various sectors.

While the intersection of textile and technology – tech togs – ended up being an appealing recommendation, the segmented conductive fiber scenario sees the expansion of exclusive of initial costs conductive fibers along with comfort are the novel attractive attributes. Makers are exploring different avenues regarding various blends of fortified with the base material to create breathable materials that cause silver the highest quality level for the advancement of lightweight conductive fibers and stamps it perfect for aviation applications. Conversely, high cost, lightweight, and durability of silver will uptick the mix of copper in electronic circuits for the advancement. Polyester and Nylon keep on earn popularity, due to their sturdy properties and consistent supply, when contrasted with the regular base materials, for example, wool and cotton. As the achievement of various sectors depends on the transportation sector, attributable to the expanding noteworthiness of e-Commerce channels, conductive fibers are making advances for the improvement of automotive gaskets for resisting changing parameters.

As automation increases the focal point of the audience in the production procedures, textile and fiber makers are boosted to devise propelled mechatronics and robotics for the manufacturing of conductive fibers. With a most extreme center on softness and lightweight, producers could organize their investments towards focusing on niche requirements climbing from satellite & aviation missions. Partnerships with key textile producers and end-use sectors are probably going to provide long term development prospects. Moreover, as cents and dollars keep on staying at the cutting edge for the choice of conductive fibers, producers can fall back on the tailor-made fiber trends for specialty applications and improve them with the appealing charges to increase better sales prospects.

As concerns in regards to utilization of toxins & higher production price confine the sturdy development, advancement of graphene-based cotton textiles would provide plenty of commercial chances to the makers. Long haul contracts and associations with B2C textile organizations will support the scuttle of driving companies for a higher market share. As higher manufacturing cost directly goes down to the completed fabric, which prompts purchaser hesitance for buying, implementation of cost-efficient materials such as copper would stay pivotal. With the developing need for wearable electronics, polyester and nylon are probably going to remain the favored reinforced materials for the improvement. Since wearable tech items – wrist gears, smartwatches, headgear, and footwear – gain shoppers’ proclivity at an early stage, e-textiles, thusly, account for huge prospects to infiltrate further into the buyers’ space at a quickened pace.

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Augmented Center on Vehicle Emission Diminution Promoting Automotive Electronics Sales in the In-Circuit Tester Market

In-Circuit Tester

In-circuit testers (ICT), comprising various contact pins – ‘bed of nails’- push the method of examining finished products for competent operation. ICT administrators discourage specific pins on the test fixture upon the contact of the test focuses on the PCBs through induced air vacuum or manual pressure. Combined with software technology, ICTs allow for suitable line speeds in sync with expanding in general quality standards, helping makers in keeping up the structure criteria. On the other hand, bed-of-nails ICTs represent the difficulties of high forthright expenses, and longer expansion lead time, yet they are exceptionally reasonable for testing well-developed along with high-volume items. Likewise, ICTs necessitate around 1 minute for one test cycle contrasting FPTs that take as long as 15 minutes for every board, comparatively diminishing post-improvement costs per unit.

AI and 5G communication networks are set to impact automated tasks all over assorted verticals. Accordingly, companies, incorporating Teradyne Inc., are rising automatic in-circuit test equipment to investigate cutting edge semiconductor chips for automotive, AI and 5G applications. Ideal precision and effectiveness are foundations for ICTs – a fact spurring market forces to configuration ICTs attuned with SMEMA, along with with offers useful test extension with the assistance of PXI modules. Also, the testing instruments are equipped with instinctive UI (User Interface) with flow-based simple program advancement.

Rising implementation of cutting edge electronics in industries – consumer goods, aerospace, and automotive – infers the requirement for minimal PCBs with a huge number of connections. Producers are focusing on designing automobiles outfitted with cutting edge security frameworks, for example, collision prevention, lane keep assist, and autonomous emergency to ascertain passengers’ wellbeing. Governments all over the globe are encouraging carmakers to concentrate on the creation of hybrid electric vehicles (HEVs) and electric vehicles (EVs) to accomplish sustainability. As a result, analyzing semiconductor chips for higher execution ends up quintessential. Expanding the implementation of electronic devices, incorporating cell phones, PCs, and other household appliances necessitate PCBs with a higher volume of associations, impelling the need for in-circuit analyzers for precise testing of PCBs in consumer electronics. Besides, in the aviation section, pilots depend on monitoring hardware, incorporating pressure sensors, and accelerometers, to assess the activity of aircraft, whereas communication with ground control is an essential viewpoint to ascertain verified air trips.

Fast development is seen in the domain of automotive electronics, because of the enactments of vehicle emissions that have turned out to be stricter. Attributable to the expanding need for safety, connectivity, efficiency, and comfort by consumers, electronics will foresee a surge in need for existing and new capacities in autos. Automotive electronics production needs profoundly altered electronic circuits with the least faults. Also, electronic vehicles are increasing noteworthy footing, as a result, to diminish fuel utilization and accomplish net-zero discharges. The automotive electronics sectors are developing quickly worldwide, particularly in North America and East Asia because of the existence of foremost producers. Hence, these parameters are slated to drive the development of the ICT market worldwide in the approaching years.

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Spirulina Powder Market to reach US$ 665 Mn by 2029-End

Spirulina powder is a product of biological origin, with richness of calcium, iron, magnesium and various vitamins such as- A, E and K. spirulina powder and is used as a food source since ancient times. Spirulina powder contains about 60-70% of protein which is why they can be used as a best alternative for other chemically synthesized protein sources. As, it a colorful ingredient it is used to dye and color food and it is used over other coloring agent owing to its naturally occurring property. Spirulina powder is also tagged as “superfood” as it is considered as a next generation food as it is filled with all the qualities that makes it owe this name. Many manufacturers are spending their huge chunks in spirulina powder market research and development field to find out more properties of this blue-green algae that would benefit the mankind. The most trending property of spirulina powder its usage as an natural color in food and beverage industry, as more the appealing product more is its sales.

Overview of Global Spirulina Powder Market

According to the latest report published on FMI, the targeted region to witness good return over investment is North America and Asia Pacific region owing to the increased trend of using organic and natural product over artificial and chemically derived products. As, Asia pacific regions are known for providing appealing and attractive products their the market for spirulina powder owing to its use as natural colorant, will help the spirulina market to gain attention from consumer side and will lead to increase in demand for the same.

Segmentation of Global Spirulina Powder Market

After FDA approved spirulina safe in 2013, since then it is gaining a lot of advantage owing to its nutritional benefits. Apart, from this it is used as a renewable energy source with is the main reason for driving its market. As, the oil prizes are increasing and the pollution caused by them is very high as, this algae derived energy  source is gaining a lot of attention more than solar energy these days. In the field of cosmetics spirulina powder is gaining attention owing to its anti-ageing, skin whitening and pigment reducing formulae. As, we can see spirulina powder has numerous application and is used in almost all the field, the most wide field through which the spirulina powder market has gained attention is its use in making protein shakes. Spirulina powder contains 60-70% of proteins which is the highest amount of protein extracted from any natural source till date and due to increasing number of health conscious consumers the use of spirulina in manufacturing protein powder is increasing tremendously.

  • Cyanotech Corp recently launched a plant based protein shake under the brand name “Hawaiian Spirulina”
  • DDW Inc launched advanced varieties of blue color made from Spirulina with 40% more light stability. The company is also launching new food colors made from natural food sources which are Non-GMO and kosher certified.

Competitive Outlook of Spirulina Powder Market

The global market for spirulina powder is developing owing to the increasing consumer’s awareness about health and environment. Several manufacturers are showing their keen interest over spirulina powder due to its special property of enhancing immunity power. It also has a number of application in end-use industries. Some of the global key manufacturers and suppliers of fat filled milk powder are – Chr. Hansen A/S, Cyanotech Corp., DDW Inc., DIC Corporation, Dongtai City Spirulina Bio-Engineering Co., Ltd., Fuqing King Dnarmsa Spirulina Co., Ltd., GNC Holdings, Inc., Now Health Group Inc., Sensient Technologies Corp., Parry Nutraceuticals Limited, Naturalin Bio-Resources Co., Ltd, Far East Bio-Tec Co., Ltd., Döhler GmbH, Naturex S.A., and Fraken Biochem Co., Ltd. Apart, from these manufacturers many other manufactures are trying to invest into this market.

With the help of imperative information about drivers, restraints, and trends in the global polysaccharides and oligosaccharides market, the market study published by TMR provides helpful information to manufacturers and distributors.

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Water Flosser Market to Reach US$ 1,400 Mn by 2027-End

Water Flosser

Growth in the incidence of periodontal disease in adults and the geriatric population, technological advancements & improvements in oral care devices, and their increasing usage in homes as well as during travel are driving the water flosser market. The water flosser market is in its nascent stage, and has a modest growth potential in the oral care products market. Water flossers have several advantages over toothbrushes and accessories in terms of dealing with issues such as sensitive gums, diabetes, dental implants and orthodontic appliances. The commercial availability of oral care devices on various distribution channels is also estimated to boost the water flossers market.

Water Flosser Market Overview

The global water flosser market is valued at US$ 780 Mn in 2018, and is estimated to grow at a CAGR ~7% from 2019 to 2027. Globally, the water flosser market is gaining traction because water flossers can be used to prevent the possibility of oral diseases. Increasing number of dental clinics & practitioners, unhealthy diet, and poor oral hygiene are some of the factors driving the dental irrigation devices market.

The existence of modern-age technology is resulting in the introduction of innovative and trendy products. Moreover, the presence of a large number of players is resulting in intense competition in the water flosser Market, which has led to the introduction of new and innovative products by market players, which include portable, countertop, and attachable water flossers, to stay ahead in competition. However, certain limitations associated with the usage of water flossers, such as the limited usage of dental care products in developing and under-developed nations due to lack of awareness among customers, are likely to restrain the growth of the market. In addition, most consumers prefer toothbrushes for cleaning their teeth or visit clinics to get their teeth cleaned instead of using water flossers. Moreover, as these products are new in the market, consumers are sceptical about using them. These perceptions or fears pertaining to the usage of water flossers are restraining the growth of the water flosser market across the world.

Segmentation of the Global Water Flosser Market

This section of the market report provides a thorough information about drivers, restraints, opportunity and trends that are impacting the growth prospects of the global Water Flosser market. The crucial information provided in this section can help market players in taking well-informed decisions and planning business strategies. The report contains a detailed analysis of the effects of macroeconomic factors associated with the leading manufacturers and distributors on the growth of the market.

The water flosser market is primarily segmented based on the product type, price, end use, and sales channel. North America is expected to hold a major share of the water flosser market during the forecast period. Based on end user, the market is segmented into household and commercial. The household segment is among the prominent product type segments of the water flosser market, and holds a major share of the water flosser market. Based on the sales channel, the water flosser market is categorized as specialty retailers, supermarkets/hypermarkets, specialty stores, drug stores & pharmacies, convenience stores, and online retailers.

Based on regions, the global water flosser market is segmented into Asia Pacific Excluding Japan (APEJ), North America, Middle East & Africa, Europe, Japan, and Latin America. Globally, the water flosser market is expected to increase at a CAGR of ~7% during the forecast period. North America holds a significant share of the water flosser market due to the rapid adoption of water flossers among the population of the region.

Competitive Outlook of the Global Water Flosser Market

A brief analysis of the profiles of companies operating in the water flosser market are also provided in the report to evaluate their key products offerings, strategies, and recent developments. Some of the key participants profiled in the Global water flosser market report include Panasonic Corporation, h2ofloss limited, Jetpik, Shenzhen Relish Technology Co., Ltd., Aquapick, ToiletTree Products, Water pik, Oratec Corp, Koninklijke Philips N.V, The Proctor & Gamble Company, Ginsey Home Solutions, Hydro Floss, Candeon Technologies Co. Ltd., Gurin Products LLC, Inc., and S. C. Johnson & Son Inc.

With the help of imperative information about drivers, restraints, and trends in the global Water Flosser market, the market study published by FMI provides helpful information to manufacturers and distributors

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Progressions in Technology have Fuelled Higher Accessibility of Vitamin C Ingredients with Several Forms and Customizations Appropriate to an Extensive Sort of Industries

Ingredients of vitamin C are characterized as the white dissolvable vitamins discovered predominantly in vegetables and fruits. Ingredients of vitamin C are commonly delivered artificially using wheat or corn starches basically as raw material. Different health advantages of vitamin C incorporating blood vessels, dental health, and skin health upkeep and its expanding significance as an antioxidant is sustaining the market for vitamin C ingredients. Nutrient these are the functional ingredients with ascorbic acid content utilized fundamentally in the fortification of food & beverages and dietary supplements.

Increment in the significance of vitamin C ingredients as food additives and antioxidants have enlarged its applications in different food and beverage classes. Purchasers have begun searching for sound foods incorporating vitamin supplements. Developing the significance of vitamin C ingredients in skincare, recuperating wounds, enhanced retention of iron from food, prevention of infections, and decrease of the danger of chronic ailments, immune health, blood pressure control, and different advantages is empowering higher need for vitamin C ingredients. Various wellsprings of Vitamin C provide extraordinary advantages. Moreover, vitamin C ingredients are requisite for the development, advancement, and fix of all body tissues. Different elements of vitamin C ingredients incorporate body capacities like the development of collagen, and the upkeep of teeth, bones, and cartilage.

A few technological advancements have been seen in the creation of vitamin C or ascorbic acid that has provided different benefits to makers. To enhance viability from the utilization of vitamin C ingredients in various end user applications, there are a few technological advancements incorporating embodiment by different techniques like spray chilling, spray drying, extrusion, fluidized bed coating, and spray cooling. These techniques have upheld in guaranteeing higher soundness of vitamin C ingredients as well as enhance higher shopper adequacy towards the carrier food.

Taking into account that most of vitamin C ingredients discover their application for fortification or as supplements, the inclination for buyers of vitamin C ingredients in the powdered structure is self-evident. On the other hand, one of a kind preparing advances utilized by a few key producers of vitamin C ingredients including Glanbia Nutritionals, Koninklijke DSM N.V. and so on has brought about the improvement of a few types of vitamin C ingredients that are more shelf-stable when fused in the final processed items. Based on form, crystalline and different types of vitamin C ingredients are anticipated to record a remarkable development in the approaching years.

Two-phase fermentation is a broadly utilized procedure in the creation of vitamin C ingredients and is favored by makers as it utilizes less dangerous solvents when contrasted with the Reichstein production procedure. Two-phase fermentation records for more than 95% of all vitamin C ingredients sold, and are likewise anticipated to enlist development in the approaching years.

Ascend in income levels has brought about an alteration in ways of life incorporating higher utilization of fast foods rich in starches and lesser sustenance in the developing markets like Asian nations including India, China, and others. This situation has constrained the customers to rely upon foods supplemented with vitamins fundamental for the human body along these lines empowering maximum sales of vitamin C and accordingly by vitamin c ingredients.

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Taurine to Witness High Demand in Health Drink & Beverage Applications, finds an FMI Study

Taurine

Consumers’ consciousness about health and awareness about the inextricable relationship between dietary intake and fitness has grown tremendously in the past few years, and this has had a paramount impact on the food as well as food ingredients industries. The growing demand for taurine is mainly influenced by the very fact that consumers are becoming more concerns about their dietary habits, and consequently, the global market for taurine is expected to reach a valuation of ~US$ 250 million in 2019, finds a recent study published by Future Market Insights (FMI).

FMI thoroughly assessed growth prospects of the taurine market to reach accurate conclusions about how it will expand during the period of 2019-2029. It opines that the sales of taurine will increase at a healthy CAGR of ~6% during the course of the study, and the positive growth prospects will be primarily attributed to the rise in its applications in the beverage industry. Consumers are becoming aware about the health benefits of taurine, which is mainly found in large amounts in the heart, brain, platelets, and retina. Taurine deficiency is known to cause severe health conditions such as retinal degradation, cardiovascular diseases, and epilepsy, and thereby, health-conscious consumers are voicing their demand for taurine supplements, finds the FMI study.

Consumer demand for dietary supplements and foods with ingredients that can support or enhance their health and fitness has been triggering the growth of the taurine market. Leading manufacturers in the taurine industry are increasing focus on the rise in its demand in the sports nutrition industry, and adopting strategies to capitalize on growth opportunities in the energy drinks industry, opines the FMI study.

Proclivity for Natural and Plant-based Ingredients can Hamper the Demand

The FMI study also finds that, despite growing health-consciousness and awareness among consumers about health benefits of taurine, the demand is likely to decline if consumers continue to purchase products with natural and organic ingredients. A majority of taurine supplied worldwide is manufactured using synthetic raw materials as a result of chemical synthesis called Ethylene Oxide (EO). With the increasing consumer knowledge about the origin of a food product and its ingredients, the demand for taurine can plummet in the coming years. However, leading players in the market are making a move towards discovering new ways to manufacture taurine using natural sources and maintain its sales potential in the health-driven food industry, finds the FMI study.

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Global Oil and Gas Fittings Market to Grow due to Rising Investment in Refinery Upgradation

The global oil and gas fittings market has witnessed increased interest in the last couple of decades, resulting in a steady growth in recent years. This can be attributed to increased drilling activities globally to cater to the growing demand for oil, which has had a positive impact on the oil and gas fittings market. The study by Future Market Insights on the prospective growth of the market estimates that the oil and gas fittings industry is likely to grow at a modest 3% globally, during the course of the forecast period.

With consistent demand for oil and gas globally resulting in increased demand for off and onshore exploration activities has led to the growth and expansion of the oil and gas industry, which in turn has had a direct positive impact on the evolution of the global oil and gas fittings market.

Exploration for Oil and its Impact on the Global Landscape

As the world continues to rely on fossil fuels, and the demand for them grows, there has been a resurgence in exploration activities for newer sources of oil and gas globally. The demand for oil and gas fittings, which have a crucial role in the extraction process, is directly impacted by the oil and gas sector.

According to this report on the global market for oil and gas fittings, the high number of onshore exploration projects in North America and East Asia, causes these markets to have a significant share in the global landscape. The activities here also open up opportunities for players in the oil and gas fittings market, even as exploration and demand for transportation pipelines rises. Manufacturers of oil and gas fittings are focusing on improving the quality of the product range by introducing newer designs in metals and alloys that are more efficient.

Analysis of the Global Market

The global oil and gas fittings market, on the basis of deployment, is expected to witness a surge in the demand for fittings for downstream operations, according to this study, and will continue to account for a significant share of the sales in the forecast period. However, the application of oil and gas fittings is steadily rising in upstream operations as well, which is likely to witness growing adoption during the same time frame. This demand comes on the back of new drilling wells being explored and sanctioned for oil and gas.

Application-centric Requirement for Oil and Gas Fittings

Regular maintenance of oil and gas fittings, due to prolonged exposure to high pressure, is an important aspect that is expected to impact the expansion of the oil and gas fittings market. Manufacturers are increasingly looking at establishing long-term relationships with their clients by where they provide maintenance and replacement services for valves for leakage prevention, and corrosion. This has led to players in the market looking collaboration with end-use to provide better solutions, based on better data. Manufacturers are focusing on research and development to use different materials as well, for instance, nitrile rubber gasket for ductile steel applications suitable for natural gas, petroleum, and aromatic fuels, which is continuing to fuel the oil and gas fittings market

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Marico set to acquire Beardo within the fourth quarter of 2019

Earlier in the week, in an official announcement, India-based Home-grown FMCG company Marico revealed that by the current fiscal it aims to announce the acquisition of male grooming brand, Beardo, by implementing secondary buyouts and primary infusion.

Founded back in 2015, Beardo is an Indian company, headquartered in Ahmedabad, it serves customers in the premium men grooming category, and is a profitable brand as per analysts closely following the brand.

Speaking about the plan of acquiring Beardo, the CFO of Marico, Vivek Karve said that within a period of the next 12 months, Marico intends to combine forces with the brand Beardo, while simultaneously operating it under the identity of a separate entity.

Karve also said that eventually, Marico will look to purchase 100 percent of the brand, Beardo.

Furthermore, responding to whether Beardo will be rebranded after its merger with Marico, Karve stated that Beardo has built quite a noteworthy reputation for itself, and Marico will look to capitalize on it and intervene only if necessary, thus it will be operated as a separate company having its own management team.

Back in 2017, as per reports, a strategic investment was made by Marico in the company of Beardo’s original owners, a start-up, Zed Lifestyle. The amount originally invested by Marico still remains undisclosed.

Currently, in the latest annual report published by Marico, it shows that Zed Lifestyle has been termed as an associate-company in which the Mumbai based company has a 42.88 percent stake.

Notably, in recent times, Marico has gone on to focus more towards growing in India’s male grooming category which has a double-digit CAGR and is valued at $36billion which is comparatively still a niche sector.