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Fluoropolymer is a fluorinated polymer that has multiple strong carbon-fluorine bonds. Fluoropolymers possess unmatchable combination of chemical resistant and mechanical and electrical insulation properties. Due to these properties, fluoropolymers are widely being used in various automotive and electrical & electronics applications. Fluoropolymers are very popular in industrial processing industries due to their chemical and oil resistant properties. In terms of revenue, the global fluoropolymer market was valued at US$ 6,403.4 Mn in 2014 and is projected to account for US$ 11,472.6 Mn by the end of year 2025. In terms of volume, the global fluoropolymer market stood at 299.9 thousand tonnes and is anticipated to reach 478.2 thousand tonnes by 2025.
On the basis of product type, the global fluoropolymer market has been segmented into polytetrafluoroethylene (PTFE), polyvinyl fluoride (PVF), polychlorotrifluoroethylene (PCTFE), polyvinylidene difluoride (PVDF), fluorinated ethylene propylene (FEP), perfluoroalkoxy polymer (PFA) and others. Polytetrafluoroethylene (PTFE) segment accounted for the largest market share of over 41% of the global value for fluoropolymers in 2014. The segment is anticipated to expand with a significant CAGR of 5.4% during the forecast period. Polyvinylidene difluoride (PVDF) is the second-largest segment and accounted for 16.2% of the market value share in 2014 and is expected to increase at a CAGR of 5.2%, during the forecast period. This is primarily owing to its increasing consumption in electronics and aerospace industries for insulation and coatings.
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By end use industry, the global fluoropolymer market is segmented into automotive & aerospace, industrial processing, healthcare, electrical & electronics, construction and others. Industrial processing segment accounted for the largest market share of over 28% of the global value for fluoropolymers in 2014. With over 20% share in the global fluoropolymer market, the electrical & electronics was the second-largest end use industry in the global fluoropolymer market in 2014 and is anticipated to expand at a CAGR of 5.6%, in terms of value, during the forecast period. Automotive & aerospace segment is projected to witness comparatively high CAGR of 5.7% over the forecast period. Fluoropolymers are largely used in industrial processing and electrical & electronics industries in various applications such as pump, impellers, coating for heat exchangers, tanks, reaction vessels, autoclaves, container, flue duct expansion joints, components for manufacture of semiconductors and electrical insulation. This is mainly owing to the excellent chemical resistant and mechanical properties offered by fluoropolymers. Furthermore, the scope of other end use industries segment for fluoropolymers is expected to expand in the near future due to increasing usage of fluoropolymers in emerging applications such as waterproof clothing, non-stick cookware and dental filling.
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On the basis of product type and end use industry, the report analyses the attractiveness of each product type and end use industry using the attractiveness tool. Furthermore, all the end use industries and product types of fluoropolymer are analysed in terms of Basis Point Share to understand individual segments relative contribution to overall market growth. This detailed level of information is important for identification of various key trends of the global fluoropolymer market.
All the above sections evaluate the present scenario and growth prospects of the global fluoropolymer market for the period 2015–2025.
The global hosting infrastructure services market is estimated to reach a value of US$ 12 billion in 2019, up from US$ 11 billion in 2018, according to a recently published report by Future Market Insights (FMI). Gains remain underpinned by a range of factors, including continuous advancements in cloud services and migration to hybrid IT environments.
Operational efficiency along with low cost and enhanced security are identified as key factors behind the spike in adoption of hosting infrastructure services. Furthermore, robust developments in small and midsize businesses (SMBs) are being captured by market vendors as dynamic opportunities to gain higher traction, opines the FMI report.
The emergence of highly advanced technologies such as machine learning (mL) and artificial intelligence (AI) has led to tectonic shifts in end-user preferences as well as services offered. End-users’ preference for a holistic, multi-pronged approach is influencing vendors to merge traditional hosting infrastructure with modern public- and private- cloud technologies.
A number of companies operating in the BFSI industry are embracing hybrid cloud models through which critical applications and processes are migrated to private cloud with advanced security attributes, while other applications are transferred to public cloud for agility and cost efficiency. These factors are likely to increase the appeal for businesses and enterprises to leverage hosting infrastructure service providers.
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Big Gains in Managed Hosting and Colocation Services
Managed hosting and colocation services continue to witness greater adoption; collectively, these account for 2/5threvenue shares. As businesses make it a point to focus on their core competencies, rather than worrying about managing IT infrastructure, average spending is likely to witness a steady increase. According to the study, adoption is likely to remain strong in storage, data security, and cloud computing categories. The adoption of managed hosting and colocation services on the basis of ‘pay-per-use’ model has thus enabled the critical exchange and crossroads of entire IT environment.
It is also imperative to note that virtual private server-based services or VPS hosting servicesare growing in prominence. Providing enhanced control over servers and enabling agile deployment of virtualized workloads at low infrastructure cost, spending on VPS services is likely to witness an uptick over the course of the forecast period.
While industry-wide adoption of Software as a Service (SaaS) continues to influence growth strategies, stakeholders are focusing on boosting the visibility of other services such as Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). As enterprises are increasingly incorporating IaaS in their hybrid IT environments, hosting infrastructure service providers are implementing latest tools and technologies to improve operational efficiency at competitive offering. According to the FMI report, hosting infrastructure revenues through the adoption of IaaS is estimated to register a year-over-year (Y-o-Y) growth of 8% in 2019 through 2018.
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According to the report, vendors are focusing on offering novel services and highly standardized products through technological innovations. Small players are flourishing through the presence of data center in respective countries and specific offerings for local customers.
FMI’s research study offers a long-term perspective and extensive analysis into opportunities prevailing in the hosting infrastructure service market for the period between 2019 and 2029. According to the study, the global hosting infrastructure services market is estimated to record a CAGR of ~8% during the forecast period.
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According to a new research study by Future Market Insights (FMI), the global mobile CRM market is estimated to value over US$ 15 Bn in 2019, up from US$ 13.5 Bn in 2018. Growth of mobile CRM market is underpinned by a slew of factors, spanning from evolving gears of technology to ubiquitous use of smartphones. Businesses, in order to adopt agility and dexterity as two of their core values, are counting on platforms that mobilize management of customer relationships. This, in turn, is likely to work in favor of mobile CRM market through 2029 and create new opportunities for the vendors to expand their offerings and reap profits.
As per the report, with the growth of digitized workforces, real-time access to critical information is no longer a "nice to have" aspect, rather it is a necessity to foster streamlined operations. Modern businesses are placing customer satisfaction at the top of their priority list and are actively seeking fine-grained insights for their sales realms to access on the go. This, in turn, is preparing the grounds for high scale adoption of mobile CRM platforms across the globe through 2029. According to the report, ‘CRM on demand’ is one of the overarching trends introducing major reforms in the mobile CRM market, as enterprises are increasingly turning to cloud-based suites that promise immense flexibility and scalability.
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“Trends in the mobile CRM market space point to an ever-increasing end user preference for efficiency and reliability. Considering this, key vendors in the mobile CRM market space are pushing their limits and bringing out new innovations for weaving successful end user experiences”.
According to the research study, BFSI ranks among some of the early adopters of mobile CRM till 2018 and beyond, with revenues estimated to surpass US$ 3 Bn in 2019. However, retail units are likely to overtake BSFI as one of the significant spenders on mobile CRM solutions in the latter half of the assessment period, as the retailers are rapidly turning to mobile CRM platforms for streamlining the aspects of their sales funnels. Adoption of mobile CRM in healthcare is also estimated to pick pace through 2028, given that healthcare services worldwide are shifting their focus toward ‘value-based care’ models.
‘Pay-Per-Use’ Pricing Model: A Strategy Winning Over End Users
Considering the dynamicity of end user preferences, key vendors in the mobile CRM market are largely focused on R&D investments for unceasing developments. As price follows efficiency as the second-most important factor dictating purchase decisions, vendors are offering flexible ‘pay per use’ pricing models, as end-use preference for flexible pricing is causing a distant move away from subscription models.
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Acquisitions and partnerships will continue being a vital part of the growth strategies of market players. For instance, in February 2018, AMDOCS announced its acquisition of Vubiquity, a leading firm offering premium digital content services and technology solutions. This acquisition was aimed at adding premium content capabilities, which include licensing, processing, and delivery, and positioning AMDOCS at the center of increased convergence across content community and video distributors.
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Future Market Insights (FMI), in its latest study, outlines the growth trail of large industrial displays market for the forecast period 2019-2029. According to the report, large industrial displays sales reached ~1,347 thousand units in 2018, equaling revenues worth US$ 2,183 Mn. As large industrial displays defy the concepts of ‘one-size-fits-all’, manufacturers are hard pressed to offer highly customised and personalized products.
Surging demand for tracking the manufacturing process and reducing the supervisor workforce has been spectated in a multitude of industries. However, emerging technologies such as screen-less displays and projectors are likely to represent a threat to the steady growth of the large industrial displays market.
OLED over LED – The Shift is Underway
Future Market Insights’ study finds that the large industrial displays market is likely to grow at a CAGR of approximately 8% through 2029. One of the key growth drivers is the loosening of budget strings of manufacturers for the development of organic light emitting diode (OLED) displays, which matches consumers’ demand for lighter, thinner, and flexible displays. As innovation spawns in the landscape, curved OLED and transparent displays surface are likely to penetrate even cost-sensitive markets. However, during the course of the forecast period, LED-based large industrial display sales will continue to account for a major share of manufacturers’ bottom-lines.
Key Players’ ‘Just-in-Time Manufacturing’ Approach to Drive Sales Opportunities
Growth prospects for the large industrial displays, as the report opines, are high in the US. In addition, the integration of large industrial displays to ensure accuracy and efficiency in the electronic and automotive industry is likely to incite manufacturers to intensify the production capability. High concentration of key players in the US and their adoption of ‘just in time’ manufacturing approach – aimed at deploying custom-developed large industrial display in a shorter timeframe – is emerging as a strategic move.
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The study identifies restraints that could possibly hamper the lucrative stride of the large industrial displays market. The high price tag attached to the OLED and LED displays is likely to cause reluctance among mid and small-sized industries for their adoption. Besides high acquisition cost, the study finds that large industrial displays also demand frequent maintenance cost for the detection of virus and malfunctions.
As design innovation sparks in, screen-less displays and projectors emerge as space-saving alternatives to large industrial displays. Projectors have a lower operational energy requisite as compared to large industrial displays, which further is likely to impede their adoption rate.
The business asset further offers an incisive outlook of the competitive landscape by discussing the key strategies of the market players. As per the study, there are a handful of key players and a large number of regional players, which leaves a wide window of opportunity for the new entrants. Manufacturers and suppliers of the large industrial displays emphasize on building a loyal clientele base since a majority of long-term contracts are likely to form from this segment.
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According to a new study of Future Market Insights (FMI), the small bore connectors market is estimated to roughly equate the revenues worth US$ 500 Mn in 2019, growing at ~4% over 2018. The small bore connectors industry remains influenced by a slew of factors, which range from the development of new international standards for design and performance, to the compelling requirement for higher-grade quality products that offer continued performance in high-stake situations.
Security and safety is paramount in small bore connectors, while the rapidly growing space of medical equipment necessitates the development of disposable products with high performance vis-à-vis affordability.
Reciprocating the increasingly complex landscape of small bore connectors, manufacturers are switching to new materials that are resilient to fatigue and rough use experience. As the medical device industry continues to flourish, materials and relevant components used in manufacturing of small bore connectors also evolve, offering high performance under constant pressure.
The study finds that the medical device industry and the standards community have been taking actions for minimizing the risk of misconnections. The profound emphasis on the development of new standards has led new connector designs come to the fore that are application-specific, preventing connections with other devices. Additionally, new non-standardized products have also been introduced by key players in the small bore connectors market, to curtail risks apropos of wrong route errors during the administration of medicine via neuraxial and enteral/oral routes.
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Adoption Remains High in Intravascular and Enteral Administration of Medicine
Small bore connector manufacturers are transitioning to new standards for addressing errors in connections between non-enteral and enteral devices. Key players are also focusing on providing succor to their customers by performing testing as part of the product development, to confirm compliance with standard requirements and demonstrate the functional performance of their products.
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According to the study, developed markets remain the goldilocks zone for the small bore connector manufacturer. North America and Europe are collectively expected to account for ~50% sales of small bore connectors in 2019, and the status quo is likely to prevail in the foreseeable future. Profitability of developed markets for small bore connector manufacturers is advocated by the end-user and government actions based on regulations and competitive pricing.
As medical device industry continues on its hunt for successful formulas for selling in developing markets, small bore connector manufacturers are following the suit. Developing economies are fairly benign for the small bore connectors market, pushed by growing number of initiatives and awareness campaigns by public as well as private organisations, abreast technology penetration and new product developments. Leading stakeholders in the small bore connectors market are adopting a ‘developing market mindset,’ even as emphasising reasonable investment horizon for eliminating mid-way profitability trap.
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