ReleaseWire Connect

Coding and marking systems provide product related details on the packaging, such as batch number, price, manufacturing and expiry date, and other related information to end users. Coding and labelling allow the identification and tracking of components through the different phases of the production process. The U.S. coding and marking systems market is projected to reach $860.6 million by 2023, witnessing a CAGR of 7.6% during the forecast period. The market growth is mainly driven by increasing demand of coding and marking systems from the automotive industry.

Service Integration and Management (SIAM) Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023

Aromatherapy refers to a type of alternative medicine in which naturally extracted aromatic essence are utilized to harmonize, balance, and promote the physical and mental health of patients. It is used as a supplemental medicine for the treatment of chronic stress or anxiety, depression, skin problems, fatigue, respiratory infections, digestive upset and others. The global aromatherapy market size is growing at a decent rate since the past few years and it is projected to maintain the growth rate during the forecast period as well.

Growth of the counterfeit industry and increasing focus of manufacturers on brand protection are the major factors driving the market growth.

Proppant is a solid material that is designed to keep a hydraulic fracture open during the hydrofracking treatment. Naturally occurring sand and high-strength ceramic materials, such as bauxite, are utilized in the production of proppants. Proppants should be carefully sorted in terms of sphericity and size to maximize well productivity. The global proppant is projected to grow at a decent pace in the years to come. The increasing use of ceramic and resin-coated proppants to enhance the productivity of wells and the growing demand for frac sand for the extraction of petroleum fluids are the key factors driving the market growth.

Guidewires refer to a wire or a spring used as a guide for placement of a larger device or prosthesis, such as catheter or intramedullary pin, at a desired treatment location within the body. The surgical procedures conducted using guidewires are considered minimally invasive since it only takes a small incision to get the wire into the body. The global guidewires market size is projected to reach $1.1 billion by 2023, growing at a CAGR of 5.5% during 2017-2023. Favourable reimbursement scenario, increasing prevalence of chronic and lifestyle associated disorders, and growing demand for minimally invasive surgeries (MISs) are the factors driving the growth of the global market.

The aerospace market is one of the largest and arguably the most important to the composites industry. Commercial aircraft, military craft, helicopters, business jets, general aviation aircraft and space craft all make substantial use of composites, both inside and outside. The aerospace composites market has been growing at a decent rate since the past few years and it is expected to catch pace in the years to come.

The factors driving the growth of the global market include large base of end-users, large volume application in chemical industry, and increasing consumption in Asia-Pacific. The growth of the global chlorobenzene market is largely driven by high demand for chlorobenzene in manufacturing of dyes and pigments, pesticides, pharmaceuticals and several other organic chemicals. In addition, the increasing consumption of chlorobenzene in Asia-Pacific is fueling the growth of the global market. The growing demand for chlorobenzene in personal care and pharmaceutical is creating ample growth opportunities for the manufacturers of chlorobenzene.

The global smart light fixture and control market is expected to increase from $22,110.0 million in 2014 to $59,188.1 million in 2020, with the CAGR of 17.9% during 2015 - 2020. The global smart light fixture and control market is mainly driven by continuously declining average selling price (ASP) of LED bulbs. LEDs have become much cheaper than any other traditional lighting currently in use. The key drivers for reducing LED lighting costs are improving the brightness of light generated, in terms of the power consumed (measured in watt) and reducing production costs, per LED product. As the ASPs have been declining, the LED bulb penetration has been gradually increasing, which is further accelerating the growth of the smart light fixture and control market.

The global digital pen market is expected to grow at a CAGR of 17.6% during 2016 - 2022. The increasing number of mergers and acquisitions, deployment of digital learning, and increasing use of digital pen in art and designing works are some of the major trends observed in the global market. The global digital pen market is driven by factors, such as growing disposable income, and increasing use of digital pen to eliminate paper work. Moreover, the technological advancement and advanced features of digital pens, and their increasing use for reducing deception are also driving the growth of the global market. The massive unexplored market across the globe is the key factor offering immense growth opportunities for the global digital pen market.