Plasticizer market Expected to Reach CAGR of over 5.4% from 2018 to 2025

The global plasticizer market is expected to register a CAGR of 5.4% from 2018 to 2025. Plasticizer with low molecular weight includes DEHP, BBP, and DBP, whereas, plasticizer with high molecular weight such as DINP & DIDP. The mixture of plasticizer sub segments with polyvinyl chloride (PVC) such as PVC+DINP, and DIDP are highly demanded in global plasticizer market as they are safe, flexible, durable, cost effective, and recyclable.

China is the largest plasticizer market in the world, accounting for nearly 42% of global plasticizer consumption in 2017. It also has the highest forecast consumption growth due to increased plasticizer consumption in goods, for both domestic and export markets.

Asia-Pacific dominates the plasticizer market, in terms of volume during forecasted period. This is caused due to improved economic condition, increased infrastructural development, large demand of PVC products from different end user industries such as healthcare, construction and housing, automotive, electric and electronics, and medical.

Phthalates, aliphates, and polymeric plasticizers are the key products available in the global plasticizers market. Phthalates is preferred largely among consumers and is expected to remain significant among all the product types in the future.

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According to European Council for Plasticisers and Intermediates (ECPI), around 96% of plasticisers are used in soft PVC production for durable goods such as cable, film, roofing, flooring or wall coverings, and others. Other 4% is used in sensitive applications such as medical devices, food packaging, toys; these applications are covered by specific European legislation to ensure optimal consumer and environmental safety. High molecular weight phthalates account for around 85% of the European market. Low molecular weight phthalates represent less than 11% of the phthalates used in Europe.

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The key leading players in the global plasticizer market are Arkema, BASF, Dow Chemical, Evonik, Exxon Mobile, Eastman, LANXESS, Teknor Apex, Galata Chemicals, Aekyung Petrochemical, LG Chem, and UPC Group.

Polyisobutylene Market: Expected to Progress at a CAGR of 6.8% from 2018 to 2025

The polyisobutylene market was estimated at USD 2.30 billion in 2017, and is estimated to register a CAGR of over 6.8% from 2018 to 2025. Polyisobutylene is a synthetic rubber or elastomer. Polyisobutylene is the only rubber that is gas impermeable. In addition, the properties of polyisobutylene such as, thermal stability, flexibility, low moisture absorption, and high resistance to heat make it useful in a wide range of applications and in turn act as key growth drivers.

Asia-Pacific is estimated to witness high growth in the polyisobutylene market, owing to huge demand from automotive and adhesives & sealants industries. In addition, leading players of polyisobutylene market are investing in product innovation and development in this region. These factors are key growth drivers for polyisobutylene market in Asia-Pacific.

The medium molecular weight segment is estimated to witness highest growth over the forecast period.  The growth is attributed to rising demand of lubricants which use medium molecular weight polyisobutylene. Hence the rising demand for lubricants, which is influenced by the blooming automotive and manufacturing industries, acts as a key growth driver for medium molecular weight polyisobutylene segment.

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The polyisobutylene market is segmented on the basis of molecular weight, product type, and applications. By molecular weight, the market is segmented as, high molecular weight, medium molecular weight, and low molecular weight. By the product type, the market is segmented into conventional polyisobutylene and highly reactive polyisobutylene. Application-wise, the market is segmented as tire & tubes, automotive, lubricants, adhesives & sealants, and others.

On the basis of product type, highly reactive polyisobutylene is estimated to witness fastest growth during the forecast period. The growth is attributed to its properties such as, high purity, good quality, and narrow molecular weight distribution with low viscosity. In addition, it forms little residue on thermal decomposition.

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In the application segment, the demand for polyisobutylene is high in the adhesives & sealants segment. The growth is attributed to the increased use of polyisobutylene derivatives, which are used as additives in lubricating oils & fuels to reduce the mist.

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The key players in this market are adopting strategies such as, new product launch, expansions, and joint ventures as their key growth strategies.

Simulation Software Market - Opportunity, Trends, and Overall Market Analysis

The global simulation software market is expected to reach USD 17 billion, growing at a CAGR of over 10% from 2018 to 2025. The major factors responsible for the growth of simulation software market is an increase in the number of small and medium sized enterprise entities coupled with widening application base across the industries.

On the basis of geography, the simulation software market is divided into five regions such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is estimated to be the largest market, whereas, Europe stands on the second position. Asia-Pacific is expected to witness highest CAGR throughout the forecast period. Rapid growth economies in the Asia-Pacific region contribute almost 60% to overall global growth and are expected to grow to more than a billion consumers belonging to the middle classcategory in the next 10 years.

The global simulation software market has been segmented on the basis of the component and end-use industry. The component segment is further classified into software and services. The software segment is further classified as finite element analysis, computational fluid dynamics, and electromagnetic waves. The services segment is further classified as design & consulting, and support & maintenance. The end-use industry is segmented into automobile, aerospace & defense, semiconductor, industrial manufacturing, healthcare, education and research, and others.

The component segment has been segmented into software and service. The service segment is expected to witness maximum CAGR, and it will continue to be dominant for the next few years. The growing need for product development and improvement and design & consulting services are on the top priority list, which in turn are driving the global simulation software market.

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On the basis of end-use industries, the aerospace and defense industry is projected to witness highest CAGR over the forecast period. The aircraft industry needs fast and efficient computers to run the aerospace, thermal and acoustic simulation software solutions, which in turn drives the simulation software market worldwide 

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The key manufacturers are engaged in mergers and acquisitions to achieve their market position. The simulation software market is expected to witness a number of new players, which will probably strengthen the competition within the market, in the future.

North America is expected to dominate global managed security services market in future

The managed security services market is expected to witness significant growth in the near future. The increased number of sophisticated cyber attacks, lack of security expertise, stringent government regulations, and complexity of the IT environment are the main reasons for adoption of the managed security services. The embracement of advanced technologies such as IoT and increase in BYOD make organization data more vulnerable to attacks. The incidents influence the organization to adopt managed security services.

The North American region is estimated to hold the largest share in the global managed security services market. The top managed security services vendors are present in the region, such as IBM, SecureWorks, Verizon, Symantec, AT&T, and others. In addition, the organizations in this region are highly aware of cybersecurity and are early adopters of cybersecurity solutions and services. The USA holds the largest market share with the presence of key companies which generate most of their revenue from the clientele based in the country. Mexico is amongst the emerging market with the new national security strategy and increase in cyber-attacks.

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Europe is the second largest market for the managed security services. The market is driven by increasing adoption in countries, such as Germany, France, UK, and the Netherlands. Headquarters of prominent managed security services companies, such as BT Group, Accenture, Atos, and BAE Systems are located this region. In addition, the newly launched General Data Protection Regulation (GDPR) and number of other regulations in this region is enabling organizations to adopt managed security services.

The governments and businesses in the Asia-Pacific region faced multiple cyber attacks in the recent years. For instance, over USD 100.0 million was stolen from the bank in Bangladesh through a cyber attack in 2016. In the same year, frequent hacking of the Philippines Government’s sites was reported. The growth in the number of cyber attacks creates awareness and requirement to mitigate cyber threat in Asia-Pacific. The organizations in this region are going through digital transformation, which has given rise to new level of security threats. In addition, increase in adoption of cloud and IoT is expected to fuel targeted cyber attacks in the region.  Rise in such cyber crimes and new security challenges enabled the organizations to have holistic security approach, and adopt managed security services in this region.

Managed Security Services Market expected to grow at a USD 73.95 billion by 2025

Managed identity and access management segment holds the largest share in global managed security services market

Identity and access management (IAM) is a framework for business processes that facilitate the management of electronic or digital identities. The managed identity access management services are adopted by the large number of organizations. The adoption of cloud, mobility, BYOD, and IoT has given rise to the highly targeted and sophisticated cyber attacks. Hence, organizations adapt managed IAM services to prevent such cyber attacks. 

BFSI industry segment is estimated to lead global managed security services market

BFSI holds the largest share in managed security services market. With the increase of cyber attacks, the financial sector faces the unprecedented challenge of data breaches and financial losses. Hence, this sector witnessed heavy investments on cyber security services and products. However, many organizations in this sector lack expertise to have an effective security strategy against the cyber attackers and rely on the managed security service providers.

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SMEs segment is expected to witness an exponential growth in terms of managed security services

SMEs are frequently targeted by cyber criminals due to vulnerable security capabilities and lack of in-house security expertise.  SMEs invest into managed security services due to lack of resources to have efficient security strategies against cyber crimes. Managed security services are highly cost-effective and provide holistic approach towards organizations cyber security.

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Managed security service in Asia-Pacific is among fastest growing markets.

The Asia-Pacific region experiences consistent and large number of cyber attacks in last few years. The ongoing digital transformation, adoption of cloud, high internet penetration, and adoption of smart phones is giving rise to new cyber threats. In addition, newly launched regulations and government initiatives against cyber crimes is expected to drive the growth of managed security services market.

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Fraud Detection and Prevention Market expected to grow at a USD 63.1 billion by 2025

The global fraud detection and prevention market is expected to surpass USD 63.1 billion by 2025, which presents ample opportunities to the industry players. These players shift their focus to differentiate their technology and demonstrate their technical skills through innovative fraud detection and prevention development techniques. 

Established market players such as IBM, SAS Institute, and FICO are innovating new software tools by using advanced analytics technologies such as machine learning and artificial intelligence. These technologies are widely adopted by several cybersecurity firms as it detects fraud from complex big data in minimum time. Companies, such as Ravelin have a high focus on using machine learning technology to detect and prevent fraud using logistic regression, decision tree approach.

These solutions are important pertaining to the augmented public awareness coupled with technological advancements in the fraud detection and prevention market. Rise in e-commerce market with extensively low fraud detection and prevention awareness in some emerging economies, such as India and South Africa, the introduction of novel solutions, and software tools to detect fraud, and government support for cybersecurity are the major factors expected to propel the demand.

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North America to remain dominant in fraud detection and prevention market over the forecast period

Geographically, North America is considered the largest market for fraud detection and prevention accounted for the largest share in 2017. The increase in cybercrime among the organizations in the region, due to the adoption of advanced payment technology has fueled the growth of the fraud detection and prevention market. The USA is expected to witness an exponential growth rate over the forecast period, due to the well-established sectors such as healthcare, financial institutions, and retail industries; this contributed to the highest share in the fraud detection and prevention market. Mexico is considered the second largest country followed by Canada, which is anticipated to show a below average growth rate.

However, Asia-Pacific is expected to witness the highest growth rate from 2018 to 2025. This region experienced the highest rate of cybercrime and money laundering issues within the companies, due to the increased use of IP-based service.

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Fraud analytics segment to lead fraud detection and prevention market by 2025

The fraud detection and prevention market by the solution is segmented into fraud analytics, authentication, governance, risk, and compliance (GRC) solution, and others. The fraud analytics is further classified into subsegments such as predictive, customer, social media, big data, and behavioral. Similarly, the authentication segment is also further bifurcated into two subsegments, such as single-factor and multi-factor authentication.

Fraud analytics solution is considered to be the largest segment due to the demand for big data analytics among the organizations to detect fraud insights in minimum time. The use of various fraud analytics solutions such as big data, predictive, and others are expected to obstruct fraudulent activities and provide cognitive solutions to the end users. Big data analytics is a type of fraud analytics solutions, which are mostly used by the vendors of fraud detection and prevention market; as a result, the growth is fueled rapidly. Globally, the high growth for fraud analytics is mainly from the Asia-Pacific region, followed by ROW.

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However, authentication solutions are anticipated to witness an exponential growth rate on the backdrop of stringent cybersecurity regulations. These solutions involve a lower cost of development and manufacture, which allows for a lesser selling cost compared to fraud analytics solutions. SMEs are among the major buyers of authentication solutions. Single-factor authentication (SFA) and multi-factor authentication (MFA) are the two subsegments of the authentication solution in the fraud detection and prevention market. North America is projected to account for the largest market share throughout the forecast period, followed by Asia-Pacific.

Lithium-ion battery market overview till 2025 | industry size, share and forecast

The lithium-ion battery market is classified on the basis of power capacity, application, and region. The power capacity segment is further classified into 0 to 3,000 mAh, 3,000 mAh to 10,000 mAh, 10,000 mAh to 60,000 mAh, and more than 60,000 mAh. The application segment is further classified into consumer electronics, automotive, industrial, and others.

The lithium-ion battery market is expected to grow at a CAGR of 15.5% from 2018 to 2025 and is projected to reach USD 90.23 billion by 2025. The factors that primarily drive of the lithium-ion battery market are the increase in adoption of lithium-Ion batteries in consumer electronics and electric vehicles.  Increase in government policies and regulations to reduce the use of ICE vehicles are also expected to contribute to the growth of the lithium-ion battery market.

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Key market players such as Panasonic Corporation, CATL, BYD, LG Chemicals, and Samsung are profiled to provide an insight into the competitive scenario of the global lithium-ion battery market.

Asia-Pacific is the largest and fastest growing region in the lithium-ion battery market. Countries such as China and Japan are the major industry players. This region experiences an increase in adoption of lithium-ion batteries in consumer electronics, electric vehicles, and industrial applications. The region hosts major battery manufacturing companies such as Panasonic, Samsung, and others. In addition, the presence of huge lithium reserves in China and Australia is expected to drive the Asia-Pacific lithium-ion battery market.

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On the basis of power capacity, the market for 10000 mAh to 60000mAh power capacity batteries is estimated to grow at the highest growth rate during the forecast period. The use of such batteries in electric vehicles and industrial application is on increase significantly, which is expected to drive the growth of this segment.

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On the basis of application, the automotive segment is estimated to grow at the highest growth rate during the forecast period. Growth in regulations to encourage the use of electric vehicles, from countries such as Germany and France is expected to increase the demand for Li-Ion batteries for the automotive segment.

Biostimulants market to record a CAGR of 11.43% from 2018 to 2025

The major key players in the life science instrument market include Agilent Technologies, Becton Dickinson, & Company, Bio-Rad Laboratories, Bruker, Danaher, F. Hoffmann-La Roche, Illumina, Shimadzu, Thermo Fisher Scientific, Valagro, and Waters.

The seaweed extracts segment is expected to witness a high growth during the forecast period, due to growing demand from the North American and European countries.  The seaweed extract segment provides various benefits such as attractive seed germination, benefits in terms of superior soil quality, and increases root strength. 

Soil treatment application is projected to generate significant revenue by 2025. This segment plays an important role in improving the soil content by correcting the biological, physical, and nutritional outline of the soil. This further helps for the efficient growth of a plant, balancing pH value of the soil, reducing compaction, and preserving the moisture growth. Hence, due to the aforementioned reasons, industries have started adopting this application.

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The Asia-Pacific region is projected to comprise the highest growth rate during the forecast period. This is due to the rise in research studies on crops, pressure from the regional government for sustainable farming, availability of products at cheaper costs, support from government in the form of subsidies from countries like India, and rise in organic farming in the developing countries of China, India, and Singapore.

The biostimulants market is expected to witness the growth opportunities from emerging countries such as Brazil, South Korea, Turkey, Hungary, and others, during the forecast period. This is caused by the growing demand for extra-based product, chemical free fruits & vegetables, and government support for the development of organic farming.

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Europe held the largest market share in 2017 and is projected to continue with its position till 2025. The market is driven by the European Union’s strict regulations on environmental safety, growing government support for the development of organic farming, and increasing preference for the chemical free fruits & vegetables.

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The biostimulants market is estimated to be valued about USD 2.18 billion in 2018, and is expected to grow at a CAGR of 11.43% from 2018 to 2025. The major key factors driving the growth of this market are increasing demand for consumption of organic food, expansion of the organic food industry, growing biotech sector, growing support from the government for the development of organic farming, and rising food safety concern.

Offshore drilling market is estimated to expand at a robust CAGR by 2025

The offshore drilling market is expected to reach over USD 90 billion at a sustainable growth rate of 5% from 2018 to 2025. Increase in demand for petrochemical and crude oil across industries such as transportation, energy, textiles, and plastics has led to the growth of the offshore drilling market.

Asia-Pacific is expected to exhibit the largest market share of over 35% in offshore drilling market for the next 10 years. Demand from the economies of Asia-Pacific on account of industrialization is growing day-to-day, which drives the growth of offshore drilling market throughout the forecast period. Further, advanced capital expenditures for production activities, to gain maximum market share is also expected to positively affect the growth.  

The major trend observed with the market participants involves various growth strategies such as expansions in diversified geographic areas, mergers & acquisitions, and contract agreements.

On the basis of application, the offshore drilling market is classified into, shallow, deep, and ultra-deep water. Shallow water drilling is expected to witness the highest market share. Though, shallow water drilling is dominant, deep water drilling is anticipated to exhibit maximum CAGR over the forecast period. Another major factor for the growth of this segment is attributed to the discovery of oil & gas reserves in deep water basins, in Africa and Europe. Further, ultra-deepwater drilling is anticipated to witness significant growth for the next few years, on the back drop of growing number of technological advancement.

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On the basis of services, directional drilling is expected to exhibit highest CAGR in the offshore drilling market. This is attributed to the drop in oil prices leading to increase in the production from basins.

Geographically, the offshore drilling market is divided into five regions such as include North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

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Key manufacturers operating in the global offshore drilling market include Halliburton Company, Schlumberger, Seadrill, Transocean, Weatherford International, Atwoods Oceanics, Baker Hughes, Diamond Offshore Drilling, Dolphin Drilling, Ensco, KCA Deutag, Nabors Industries, Noble Corporation, and Paragon Offshore.

Offshore Wind Market expected to grow at a CAGR of over 16.3% from 2018 to 2025

The global offshore wind market was estimated at USD 23.70 billion in 2017, and is projected to grow at a CAGR of over 16.3% from 2018 to 2025.

The key players in the offshore wind market include, Adwen, Ming Yang Smart Energy Group, Doosan Heavy Industries and Construction, General Electric Company, and Senvion.

Geographically, Europe is estimated be the fastest growing region. More than 92% of all the offshore wind installations are in the European waters. In addition, the rapidly growing investments in Europe and the European Union, renewable energy targets 2020 is expected to boost the demand for offshore winds. Several European governments are also investing in offshore wind to meet the renewable energy production targets.

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Europe is estimated to be the largest  market owing to the technological advancements and government policies. However, North America is estimated to be the fastest growing region as a result of the rising government initiatives and technological advancements in the wind technology in the U.S. Also, the federal government’s initiatives to meet the clean energy capacity addition targets will positively impact the offshore wind market in North America.

The demand for global electricity is estimated to grow with the growing population, worldwide. The high demand for renewable energy sources and rapid development of offshore wind technology are the major growth drivers for the global offshore wind market. In addition, the advantages offered by offshore winds such as plenty of space, consistent wind resource, and greater energy output than onshore winds act as key growth drivers for the global offshore wind market.

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On the basis of component type, the market is segmented as turbine, substructure, electrical infrastructure, and others. The turbine segment is expected to hold the largest share as turbine component comprises of important parts such as, nacelle, towers, and motors and blades.

Floating turbines are estimated to witness significant growth during the forecast period, as it offers reduced pollution by providing simultaneous accommodation for fishing and shipping.