ReleaseWire Connect

Europe and North America had significant share of overall Hot Melt Amorphous Polyalphaolefin market in 2016, generating an overall revenue close to USD 120 million. This can be attributed to its developed food packaging industry and rising demand for ready to eat packaged products. Higher penetration of online business in Europe and North America has resulted in augmented product demand for packaging in this region. Moreover, awareness among consumers in these regions regarding personal hygiene goods has boosted the overall product demand in recent years.

Lubricant market demand from process oil should grow at a CAGR of 3% during forecast timeframe due to its wide application scope in chemical and technical industry, improving manufacturing process.

Personal Cloud Market is driven by the increase in demand for cost-efficient storage, data sharing, ease in data access, use of portable devices, and safety against data loss. One of the primary benefits of cloud includes storage space management at the users' residence with data center infrastructure to the service provider.

The solutions segment dominates the network traffic analytics market and held around 71% of the market share in 2017. Due to an enormous rise in the network traffic, the companies face inadequacy in providing network-wide visibility. Hence, there is a rise in the installation of network traffic analytics solutions. The network traffic monitoring leads the solution segment as it ensures the smooth functioning of the computer network by incorporating packet recapturing and network sniffing techniques and review every incoming and outgoing packet. The services segment is increasing at the fastest rate and is projected to grow at a CAGR of 24.4 percent over the forecast timeline.

Internet of Things Infrastructure Market growth in service segment will be driven by rising demand for customized services to manage the systems in IoT network. Professional service providers with technical expertise provide end-to-end services and deploy the technological solutions in order to increase the operational efficiency.

Robust growth indicators in the sterilization equipment & disinfectants business globally will be the chief growth driver for the chemical indicator inks market over the forecast 2016-2024.

Asia Pacific is estimated to register more than half of the global Hydrazine hydrate market share which will increase at a significant rate of about 5.5%. The expansion of production facilities in China and other countries will propel the demand for the product. In North America, the Hydrazine hydrate market value of the product is anticipated to exceed USD 80 million by 2024.

Flooring & plywood segment of wood adhesives and binders market is likely to witness gains close to CAGR 5%. This segment includes softwood and hardwood plywood applications. Wood Adhesives and Binders Market is forecast to reach USD 21 billion according to this new research report.

U.S. additive manufacturing with metal powders market size may exceed USD 400 million during the forecast timeframe. Growing health concerns, ageing population and long track of chronic disease coupled with strong regulatory regimes regarding medical device industry should propel regional demand. Improvement in long-term patient outcomes for surgeries and treatment along with growing oral rehabilitation demand should surge technology growth in the region.

North America, led by the U.S. for ballistic protection market is projected to remain largest industry due to high defence spending by the U.S. government. Besides, growing involvement of the U.S. military in the middle east regions including, Iraq & Syria and rising concern over the terrorist attacks are few of the key drivers for the industry growth in the region.