ReleaseWire Connect

Prevalence of chocolate as one of the most sought-after and widely consumed product in the world of food & beverages has urged companies to extend the production of cocoa liquor. Over the years, a range of chocolate products such as cocoa butter have been processed through cocoa liquor. Farmers from across the globe are increasingly shifting towards cash crops, which has incidentally spurred the global cocoa production. With ample cocoa beans at their disposal, companies in the global cocoa liquor market are setting up new processing plants and extending their production capacities. However, a key impediment for production of cocoa liquor is the cost-intensive of edible alcohols. Since production of cocoa liquor entails the use of alcohols, environmental protection agencies are creating stringency in their supply chain, and companies are being compelled to control the toxic emissions of their processing plants.

The global ride-on power trowel market is projected to register a moderate expansion through the forecast period (2017-2026), according to a report recently developed by Fact.MR. Global sales of ride-on power trowels will surpass 30,000 units by 2026-end. Global volumes are expected to grow at a CAGR of 2.7% during the assessment period.

With growing proliferation of electronic devices, consumers around the world are facing challenges in procuring suitable power sources. As the global automotive industry and manufacturing sector adopts electrification, complexities in global electricity distribution network prevail. In such scenario, consumers, especially homeowners, are buying portable inverter generators to cater to their power needs in open spaces such as gardens, living rooms and cafeterias. Moreover, the demand for portable inverter generators is gaining traction for being the ideal solution on power outages. While electrical circuit failures are bring down the power grids of an entire city, portable inverter generators are emerging to be viewed as the most valuable commodity in an urban marketplace. Proactive lifestyles of people in several countries has driven the use of portable inverter generators for their outdoor activities such as camping.

Growing need for the environment-friendly insulators has led to an upsurge in demand for the cyclopentane products in the global market. In addition, increasing production of the refrigeration products is projected to impact the global market growth of cyclopentane positively. Fact.MR states that the global cyclopentane market is projected to reflect a CAGR of 5.9% over the forecast period.

Excavation is among the key industrial processes across multiple sectors, from mining to construction and aerospace. With growing population, developed and developing countries are witnessing maximum utilization of physical spaces. As the spaces become more confined, carrying out excavation processes is becoming a challenging task. Compact excavators have emerged as the ideal solution for carrying out digging processes in confined spaces. Over the recent past, the trend of miniaturization has fairly trodden the automotive sector. Manufacturers of industrial vehicles are shifting towards creating compact vehicles. This has furnished the manufacturing compact excavators.

A new report collated by Fact.MR projects the global big data analytics in healthcare market to exhibit a high double-digit CAGR through the forecast period 2017 to 2026. Over US$ 45,000 Mn revenues will be reaped from worldwide sales of big data analytics in the healthcare sector by 2026-end.

The application of fabric filter products such as dust bags is gaining momentum across several industry verticals. Over the recent past, industrial bag dust filters have emerged as a key industrial commodity. From heavy industries to drugmakers, the demand for industrial bag dust filters has picked up considerable traction. Advancements in bag filtration technologies continue to play a key role in the development of industrial bag dust filters. New techniques are creating new avenues for application of industrial bag dust filters. Multi-filtration processes are being actively integrated with industrial bag dust filters to protect the overall processing equipment.

As per the new report published by Fact.MR, the global skin benefit agent market is set to surpass 23,400 tonnes in terms of volume by 2026, reflecting above-average CAGR between 2017 and 2026. Rising level of awareness about skincare among consumers all over the world is fuelling the demand for skin benefit agents. Skin is one of the important parts of the body and needs constant care being the foremost layer. Human skin is fragile and sensitive, hence, can easily develop a condition such as skin blemishes, dryness, oiliness, acne, allergy, etc. Modern consumers are increasingly seeking for skin care therapies, potions and remedies that help them maintain their skin or even improve it.

Heavy equipment designed today for industrial applications have a unique design and exceptional quality. However, challenges still arise due to the environment and situation it is being operated in. Most of the heavy equipment are equipped with basic accessories. Hence, there has been a growth in the demand for lighting accessories that can be mounted on the equipment and can run on its own electrical system. The manufacturers of heavy equipment lamps are focusing on providing lighting depending on the use of equipment with the focus on safe operation. One of the challenges in the heavy equipment lams is fragile nature of the standard lighting system. Hence, manufacturers are focusing on introducing the bulbs and lighting system that can operate in wet, dusty and other conditions. Heavy equipment and machinery are using LED lights as it offers several benefits such as brightness, zero maintenance, and durability. Multiple size and mounting options are also offered to ensure that light can be attached to very large or small equipment. Governments around the globe are also passing stringent regulations on the energy efficiency requirements, thereby boosting energy-efficient lighting technologies.

Increasing production of confectionery syrup and chocolates will continue to drive demand of cocoa powder globally. As increasing consumption of the cocoa powder benefits the cardiovascular health, demand for cocoa powder for the production of various food products is expected to remain high. However, concerns about the side effects of consuming cocoa can lead to a decline in sales during the forecast period. According to the report, food & beverage will continue to be a leading segment in the global cocoa powder market. Fact.MR states that the global cocoa powder market is expected to reflect a CAGR of 2.2% in terms of volume during the assessment period 2017-2026.