Incontinence and Ostomy Care Products Market Analysis By Product And Segment Forecasts To 2020

In 2012, the global incontinence and ostomy care products market was worth USD 11.50 billion. Rising aging population, increasing incidences of obesity and mounting cases of unmet medical conditions of patients are few of the factors driving the market demand. 

Prevalent cases of incontinence, ulcerative colitis, inflammatory bowel diseases, Chrohn’s disease, rising health concerns and increasing patient awareness are some other factors leading to an increase in the demand for incontinence and ostomy care products. 

Increasing geriatric population is anticipated to drive the overall growth of the incontinence and ostomy care products market. As per the estimates of the World Health Organisation (WHO), global population aged over 65 years is expected to rise from 780 million in 2010 to 975 million in 2017. Thus, growth in geriatric population is expiated to result in rise in target population. According to another report from WHO, women are found more susceptible to incontinence compared to men. Therefore, women are expected to dominate the customer base of the overall market. 

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http://www.grandviewresearch.com/industry-analysis/incontinence-and-ostomy-care-products-industry

On the other hand, rising incidents of obesity, high acceptance & awareness among men population is expected to propel the growth of incontinence and ostomy care products market. As a result, the global market is expected to be valued at USD 17.2 billion by 2020.

Presently cleaners, absorbents, deodorizers, incontinence bags, clamps and urinals are widely used as incontinence care products. Absorbents segment dominated the global market with market share of more than 90 % in 2012 since, it is the most popular and commonly used product. Introduction of user friendly, personalized and innovative absorbents coupled with social acceptance of these products will drive the market growth significantly. Therefore, absorbents segment is anticipated grow at the fastest CAGR of 6 % during the period 2013-2020. 

Ostomy care products mainly include skin barriers, deodorants, ostomy bags, ilestomy and irrigation products and urostomy bags. In 2012, ostomy bags held the majority of the overall ostomy care products market with a share of over 70%. Rising prevalence of diseases such as Chrohn’s disease, inflammatory bowel disease, coupled with rising elderly population some of the primary factors boosting the growth of the market. In addition, availability of improved products such as user friendly and skin friendly bags are expected to fuel the demand for ostomy bags. Colostomy bags was the leading segment with market share of around 37% with market revenue valued worth USD 1.04 billion in 2012. 

Based on the region, the global incontinence and ostomy care market is segmented into North America, Europe, Asia Pacific and Rest of the World. North America captured approximately 37% of the global market share in 2012. Higher disposable incomes, increased awareness regarding side effects of obesity, higher geriatric population in North America are the major factors resulting in dominance of the region in the global incontinence and ostomy care products market. 

However, Asia Pacific is anticipated to show fastest growth with CAGR of 7.6 % during 2013-2020. Large geriatric population base in Japan and China, increasing social acceptance and rising popularity of incontinence and ostomy care products in emerging economies including India and China are amongst few factors driving the market growth in Asia Pacific. Key competitors in the market are Unicharm Corporation, Kimberly-Clark Corporation, Hollister Inc., Coloplast Corporation and SCA(Svenska CellulosaAktiebolaget).

Chromium Phosphate Market Size To Reach $96.65 Million By 2020

The global chromium phosphate market is expected to reach USD 96.65 million by 2020, according to a new study by Grand View Research, Inc. Key application markets for chromium phosphate include architectural coatings, corrosion inhibitor coatings, medical applications, and others such as catalyst applications. Strong demand from architectural coatings and corrosion inhibitor coatings are expected to drive chromium phosphate demand over the next six years. Additionally, increasing R&D for chromium phosphate application development in the field of medicine is being looked upon as a key opportunity for this market.

Sourcing of raw materials remains the major concern for the industry owing to increasing chromium demand for other applications. Prices of raw materials are more likely to affect the profit margins of chromium phosphate manufacturers, with minor price fluctuations also having significant impact on profit margins in the industry. At present, installed capacity for the production of chromium phosphate is very comparatively small, which has resulted in a demand supply gap. Moreover, manufacturing of chromium phosphate is capital intensive.

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http://www.grandviewresearch.com/industry-analysis/chromium-phosphate-industry

Further key findings from the study suggest:

  • Global chromium phosphate market volumes were estimated at 25,672.1 tons in 2012 and are expected to reach 51,363.2 tons in 2020, growing at a CAGR of 9.1% from 2013 to 2020
  • Architectural coating applications dominated demand in 2012, accounting for over 42% of global volumes. Chromium phosphate demand for architectural coatings is expected to reach 21,663.5 tons by 2020
  • Chromium phosphate coatings are being increasingly used in conversion coatings to provide outstanding corrosion protection on aluminum, as well as excellent adhesion properties under organic coatings. Chromium phosphate market revenue for corrosion inhibitor coatings is expected to reach USD 25.35 million by 2020, growing at a CAGR of 10.3% from 2013 to 2020
  • Medical applications are expected to be the most attractive avenue for chromium phosphate manufacturers, with volume demand estimated to grow at a CAGR of 10% from 2013 to 2020
  • Key manufacturers and suppliers of chromium phosphate include Chemetall Inc., AK Scientific, Inc., City Chemicals Corporation, and MP Biomedicals, Leancare Ltd. and so on. Distribution is a key success factor in the chromium phosphate industry. Sigma Aldrich, Chemos and Service Chemical Incorporation are some of the leading distributors in this market

Ethylene Glycols Market Is Expected to Reach USD 33.36 Billion by 2020

The global market for ethylene glycol is expected to reach USD 33.36 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for polyethylene terephthalate (PET) for packaging applications, primarily in Asia Pacific and Latin America is expected to remain a key driving factor for the market. In addition, growth from the global textiles industry is also expected to support the ethylene glycol market development over the forecast period. Volatile prices and tight supply of raw materials, on account of frequent fluctuations in crude oil prices, are expected to inhibit the market growth over the next six years.

Monoethylene glycol (MEG) emerged as the leading product segment and accounted for 89.9% of total market volume in 2013. MEG in addition to being the largest product segment is also expected to be the fastest-growing ethylene glycol at an estimated CAGR of 4.8% from 2014 to 2020. MEG is mainly used for manufacturing PET and growth of the global beverages market is expected to drive the demand for MEG over the forecast period. Global market for di-ethylene glycol (DEG) is expected to reach USD 337.1 million by 2020.

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http://www.grandviewresearch.com/industry-analysis/ethylene-glycols-industry

Further key findings from the study suggest:

  • The global market volume for ethylene glycols was 16,511 kilo tons in 2013 and is expected to reach 22,815.4 kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020.
  • PET emerged as the leading application market for ethylene glycols and accounted for 44.2% of total market volume in 2013. Growth of the beverages industry mainly in Asia Pacific and Latin America is expected to drive this market over the next six years. Polyester fibers are expected to be the fastest-growing market for ethylene glycols at an estimated CAGR of 5.1% from 2014 to 2020.
  • Asia Pacific dominated the global ethylene glycols market and accounted for 66.5% of total market volume in 2013. Asia Pacific along with being the largest market is also expected to be the fastest-growing market for ethylene glycols at an estimated CAGR of 4.9% from 2014 to 2020. This can be attributed to the growth of textile and automotive industries in the region. North America and European markets for ethylene glycols have reached their saturation point and are expected to grow at relatively lower growth rates over the forecast period.
  • The global market for ethylene glycol is fairly concentrated with the top four companies operating in the market including SABIC, Dow Chemical Company, Sinopec and Shell Chemical accounted for over 50% of the total market in 2013. Other companies operating in the market include Formosa Plastics Group, Honam Petrochemicals, and Ineos.

Cement Market Size Worth $682.3 Billion by 2025

The global cement market size is expected to reach USD 682.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.8% during the forecast period. The market is anticipated to register rapid growth due to growing infrastructural development across the globe.

The global infrastructure investment is dominated by countries such as India, China, and the U.S. Soaring need for infrastructure upgrade and modification in the U.S. is likely to fuel the demand for cement over the forecast period.

Demand for residential properties is growing due to increasing urbanization and rising household income. In addition, improving economic conditions in countries such as India and China is stimulating the demand for retail and commercial spaces. Both countries are estimated to observe a remarkable rise in establishments in urban areas over the forecast period, thus providing a fillip to the cement market. 

Aditya Birla Ultratech, CNBM International Corporation, CEMEX S.A.B. de C.V., HeidelbergCement AG, Italcementi, InterCement, LafargeHolcim, SCG, Taiheiyo Cement Corporation, Titan Cement Group, Votorantim, Mitsubishi Cement Corporation, Alamo Cement Company, Argos USA Corporation, ESSROC Cement Corporation, Drake Cement LLC, and Anhui Conch Cement are some of the prominent companies operating in the market.

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https://www.grandviewresearch.com/industry-analysis/cement-market

Further Key Findings from the Report Suggest:

  • Portland cement accounted for close to 90.0% of the overall revenue in 2016. Properties such as high strength and durability exhibited by this type are likely to trigger its demand over the forecast period
  • On the basis of product, the others segment is expected to register a CAGR of 6.6% over the forecast period. Prices of other cements are expected to decline in the coming years, which, in turn, is expected to drive the market.
  • Supportive regulations and favorable government policies, such as Housing for All and smart cities in India, are expected to trigger the demand for cement in residential and commercial applications in developing and underdeveloped countries
  • The Cement Action Plan is a part of the World Business Council for Sustainable Development´s (WBCSD) Low Carbon Technology Partnerships initiative (LCTPi) to accelerate the deployment of low-carbon solutions in the cement industry. Policies and government initiatives related to this plan are projected to augment the market over the forecast period.
  • Regional expansions and R&D are the key strategies adopted by major players to strengthen their position in the cement market as smaller companies are keen to collaborate with key players to strengthen their foothold in the global arena
  • In July 2014, Aditya Birla Ultratech acquired 2 units of Jaiprakash Associates in order to increase the firm’s production capacity to 100 metric tons per year by 2020.