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The global bonded magnet market is estimated at US$ 5.1 Bn in 2022, and is forecast to reach a valuation of US$ 10.9 Bn by 2032, expanding at an impressive CAGR of 7.8% from 2022 to 2032.

Worldwide sales of bonded magnets account for around 14% share of the total market valuation of the global magnet market, which is projected to increase at a CAGR of 6.9% over the forecast period of 2022-2032.

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Report Attributes	Details
Bonded Magnet Market Size (2021A)	US$ 4.7 Bn
Estimated Year Value (2022E)	US$ 5.1 Bn
Projected Market Value (2032F)	US$ 10.9 Bn
Global Market Growth Rate (2022-2032)	7.8% CAGR
East Asia Market Share (2021)	~40.3%
East Asia Growth Rate (2022-2032)	8.8% CAGR
Collective Value Share (USA, China, Germany, and India) (2021): Top 4 Countries	~53%
Market Share of Top 5 Companies (2021)	~26%
Key Companies Profiled	TDK CorporationHitachi Metals, Ltd.Ningbo Yunsheng Co. Ltd.,Advanced Technology Materials Co. Ltd.Magnequench International, LLCSDM Magnetics Co., Ltd.Ningbo Newland Magnet Industry Co., Ltd.Arnold Magnetic Technologies,Mate Co., Ltd.Evitron Sp. z o.o.MMC Magnetics CorpRHEINMAGNET Horst Baermann GmbH.Dura Magnetics, Inc.Adams Magnetic ProductsNational Imports, LLCSuper Magnet Co., Ltd.Galaxy MagnetsDaido Electronics Co., Ltd.Shanghai San Huan Magnetics Co., Ltd.MP MaterialOther Key Players

Worldwide sales of bonded magnets account for around 14% share of the total market valuation of the global magnet market, which is projected to increase at a CAGR of 6.9% over the forecast period of 2022-2032.

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2017-2021 Global Bonded Magnet Market Outlook in Comparison to 2022-2032 Growth Forecast

Historically, the bonded magnet industry witnessed growth at 4.2% CAGR from 2017 to 2021. The market for bonded magnets generated an absolute dollar opportunity of nearly US$ 1.3 Bn over this time period. It is expected to offer an absolute dollar opportunity of US$ 2.6 Bn and US$ 4.1 Bn in the mid-term (2022-27) and long-term (2022-2032), respectively.

The European bonded magnet market holds the second position in the global bonded magnet business, and is anticipated to gain 109 BPS at a CAGR of 7.3%.

The South Asia & Oceania bonded magnet market has observed notable growth in the last half-decade. It has increased its market share significantly and is likely to expand at a CAGR of 7.9% over the assessment period.

Increase in investments across different end-use industries due to rising customer demand for e-vehicles, mobiles, etc., has been noted in the recent past, which is poised to provide lucrative opportunities to manufacturers for bonded magnet production.

As a large chunk of end-use industries are located in Asian countries, the South Asia & Oceania market for bonded magnets is likely to gain around 15 BPS and offer an absolute dollar opportunity of nearly US$ 914 Mn during 2022 – 2032.

Based on product type, the rare earth magnets segment is one of the significant market shareholders. It holds nearly 1/3 market share and is likely to surge at a CAGR of 8.9% during the forecast period.

Fact.MR – a market research and competitive intelligence provider, projects the global bonded magnet market to experience growth at 7.8% CAGR during 2022-2032.

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Which Market Trends are Set to Be Favorable for Bonded Magnet Suppliers?

“Green Energy Technologies to Create Sustainable Demand”

Bonded magnets are widely used to generate energy. As a result of global warming, many regions are determined to outfit their energy supplies using green energy sources. According to the Global Wind Energy Council, there is 743 GW of wind power capacity around the world, which is likely to result in the prevention of close to 1.1 Bn tons of CO2 emissions globally.

Thus, wind energy and solar energy have gained momentum. To produce energy, wind farms of large scale need to have effective turbines. These windmills consist of in-built motors that are made of NdFeB (neodymium iron boron magnets). Thus, an increase in the usage of bonded magnets in green energy technologies to generate energy is expected to drive market growth over the coming years.

“Increasing Electrification of Vehicles to Pave the Way for Manufacturers”

Over the coming years, the electric vehicle industry will have a chance to adapt to the rising and evolving demands of stakeholders, driven by its strong operational foundations in numerous countries.

For instance, electric vehicle sales have grown 65% during 2017-2021. In 2019, vehicle units sold increased to US$ 2.3 Mn, from US$ 2.1 Bn, accounting for Y-O-Y growth of 9%. Equally sobering, sales of EVs declined by over 25% in 2021.

Furthermore, Chinese bonded magnet manufacturers are also gradually joining JVs worldwide in various locations. Smaller companies with promising deposits have succeeded in steadily drawing greater attention to those who wish to broaden their product portfolios. These factors and targeted segmental investments made by various developed and developing economies, and will bolster demand for bonded magnets.

“Wind Turbines Driving Unit Sales of Bonded Magnets”

Wind is considered a substantial source of affordable renewable energy that presently contributes to 5% of the worldwide electricity demand. Technological advancement for more efficient and reliable bonded magnets makes wind turbines more cost-effective.

As the focus on climate change rises, numerous regions are realizing green strategies and quickly turning to clean energy technologies. This is leading to a surge in the demand for materials such as rare earth magnets used to complete the setup of wind turbines.

The European Commission has already recognized some of these components as critical raw materials. Heavy investments towards the production and installation of wind turbines is likely to increase the sales of bonded magnets across regions.

Competitive Landscape: Top Companies in Bonded Magnet Market

The global bonded magnet market is moderately consolidated in nature. There exist big players in the market with huge financial muscle and distribution networks spread across the globe. Key global players account for 15% to 20% of the market share, whereas, other small- and medium-sized players account for 80% to 85%.

Key companies have adopted various strategies such as mergers & acquisitions, partnerships, etc., to upscale their growth. New product development is a key strategy that bonded magnet suppliers are resorting to expand their market presence among consumers.

Fact.MR has provided detailed information about price points of top manufacturers of bonded magnet positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

1. On 2nd March 2021, Arnold Magnetic Technologies acquired Ramco Electric Motors Company. This acquisition will further advance the company’s strategic priorities to deliver engineered solutions and new materials that empower customers to develop next-generation technologies.
2. In 2020, Ningbo Newland Magnet Industry Co. Ltd. launched a type of bonded magnet that can be used with 5G technology, which ensures that ferrite and samarium-cobalt magnets should be able to provide the performance required in 5G applications.

Bonded Magnet Industry Research by Segments

• Bonded Magnet Market by Product Type:
  • Rare Earth Magnets
    • NdFeB
    • SmCo
  • Bonded Ferrite Magnets
  • Others
• Bonded Magnet Market by Process Type:
  • Injection Molded Bonded Magnets
  • Compression Bonded Magnets
  • Calendaring Bonded Magnets
  • Extrusion Bonded Magnets
• Bonded Magnet Market by Application:
  • Sensors
  • Motors
  • Hard Disk Drives
  • Level Gauges
  • Instrument Panels
  • Copier Rotors
  • Fuel Filters
  • Magnetic Couplings
• Bonded Magnet Market by End Use:
  • Automotive
  • HVAC Equipment
  • Medical Devices
  • Cameras
  • Consumer Electronic Appliances
  • Computers and Magnetic Storage Devices
  • Electrical Equipment
  • Measurement Instruments
  • Printer and Copiers
• Bonded Magnet Market by Region:
  • North America Bonded Magnet Market
  • Latin America Bonded Magnet Market
  • Europe Bonded Magnet Market
  • East Asia Bonded Magnet Market
  • South Asia & Oceania Bonded Magnet Market
  • MEA Bonded Magnet Market

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According to Fact MR’s recent market research, sales of Bipolar Disorder Therapeutics  to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Bipolar Disorder Therapeutics market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Bipolar Disorder Therapeutics

The report offers actionable and valuable market insights of Bipolar Disorder Therapeutics. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Bipolar Disorder Therapeutics Market across various industries and regions

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Competitive Landscape:

Bipolar disorder treatment providers are investing in the research and development of novel therapeutics to expand their market presence across various regions. Bipolar disorder drug manufacturers are also pushing their offerings to get approvals from regulatory authorities.

• In April 2022, Intra-Cellular Therapies, a leading biopharmaceutical organization known for its therapeutics, announced that it had obtained approval for the new dosage strength of CAPLYTA. This drug has proved its efficiency in the treatment of bipolar disorders and will now be available in strengths of 10.5 mg and 21 mg capsules.

Consumption of bipolar disorder medications in China is expected to account for a revenue of approximately US$ 514 Mn by the end of 2026.

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Key Segments Covered in Bipolar Disorder Therapeutics Industry Research

• Bipolar Disorder Therapeutics Market by Type:

  • Antipsychotics Drugs
  • Anticonvulsants
  • Mood Stabilizers
  • Antidepressant Drugs
  • Anti-anxiety Drugs

• Bipolar Disorder Therapeutics Market by Region:

  • North America Bipolar Disorder Therapeutics Market
  • Latin America Bipolar Disorder Therapeutics Market
  • Europe Bipolar Disorder Therapeutics Market
  • East Asia Bipolar Disorder Therapeutics Market
  • South Asia & Oceania Bipolar Disorder Therapeutics Market
  • Mea Bipolar Disorder Therapeutics Market

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Report Benefits & Key Questions Answered

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Fact.MR, in its new report, offers an unbiased Market Analysis of Bipolar Disorder Therapeutics, Sales and Demand of Bipolar Disorder Therapeutics, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

Explore Fact.MR’s Comprehensive Coverage on Healthcare Domain:

Fluoro Enzymatic Assays Market – Global Industry Analysis and Opportunity Assessment 2021 – 2031

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The Industrial Fasteners Market report covers the key factors regarding the recent happenings such as new product launches, synergisms, and mergers & acquisitions. Furthermore, the study offers a dexterous background for acquiring heaps of information that likely consumers can use to ensure better gains at low expenditures. The presentation of insights on Industrial Fasteners Market segmentation by type, application, and geography provides a critical angle of, what manufacturers are seeking for the stipulated timeframe.

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The following insights and evaluations are worth knowing for any market participant, helping them in ascertaining the prevailing dynamics and the future trajectories of the Industrial Fasteners Market. They are a part of the estimations of the opportunities in various segments. The additional new opportunities have turned the Industrial Fasteners Market into a fragmented landscape with more entry-level players entering the market, thanks to low barriers for investments.

The research report published by Fact.MR on the Industrial Fasteners Market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the forecast period.

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The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues. The insights and analytics on the Industrial Fasteners market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the Industrial Fastenersmarket during the forecast period.

Country-specific valuation on demand for Industrial Fasteners markets has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value & volume for emerging countries has also been included in the report.

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The research attempts to answer many queries such as:

1. What needs are the leading manufacturers trying to meet by the forecast period 2025?
2. What challenges will vendors running the Industrial Fasteners Market go through?
3. What aspects do the consumers look up while buying Industrial Fasteners?
4. How will the competitive framework look like between the foreseeable period 2018 to 2025?
5. At present, who is buying your product or service globally?
6. Who are your primary contenders?
7. What will be the cost of the products and facilities across various regions?
8. What are the trends affecting the performance of the Industrial Fasteners Market?

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Advancements in aerospace, automotive, metal processing, and other industries have led to increased demand for high temperature coatings in recent years.

While stakeholders in the high temperature coatings industry are fully utilizing sky-high demand to gain market share, regional players in prominent markets such as North America, Asia Pacific, and Europe are set to witness higher requirements over the coming years.

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High Temperature Coatings Market Segmentation by Category

Application

• Aerospace & Defense
• Automotive
• Coil Coatings
• Petrochemical
• Marine
• Metal Processing
• Stoves & Grills
• Other Applications

Resin

• Epoxy
• Silicone
• Polyester
• Acrylic
• Alkyd
• Other Resin Types

Region

• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania

A comprehensive estimate of the High Temperature Coatings market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of High Temperature Coatings during the forecast period. Price point comparison by region with the global average price is also considered in the study.

The Demand analysis of High Temperature Coatings Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of High Temperature Coatings Market across the globe.

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Some Notable Offerings by Fact.MR Report on High Temperature Coatings market:

• Fact.MR will provide you an analysis of the extent to which this High Temperature Coatings market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• Fact.MR will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.

Some of the High Temperature Coatings Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

• Details regarding latest innovations and development in High Temperature Coatings and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of High Temperature Coatings Market .
• Insights about adoption of new technologies and its influence on the High Temperature Coatings market Size.
• Overview of the impact of COVID-19 on High Temperature Coatings Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of High Temperature Coatings Market during the forecast period.

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Competitive Landscape

The global high temperature coatings market is rapidly gaining momentum, making the competition fiercer for key players. In order to hold a dominant position, key players are launching a variety of products more frequently.

For instance,

• Jotun A/S launched its new unique high temperature coating Jotatemp 1000 Ceramic, due to increasing demand from the hydrocarbon processing industry, in 2017
• Hempel A/S launched its new extensive range of products, such as Hempel’s Silicone Aluminium 56914, Hempel’s Silicone Acrylic 56940, and others, from 2015 to 2020.

After reading the Market insights of High Temperature Coatings Report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total High Temperature Coatings market revenue.
• Study the growth outlook of High Temperature Coatings market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of High Temperature Coatings market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of High Temperature Coatings Market Players.

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ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

The report offers actionable and valuable market insights on the Text Data Collection and Labelling. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Text Data Collection and Labelling across various industries and regions.

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Global Data Collection and Labeling Market: In-Depth Assessment on Key Segments

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• Text
• Image/Video
• Audio

Vertical

• IT
• Automotive
• Government
• Healthcare
• BFSI
• Retail & E-commerce
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• Middle East & Africa

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The report also comprises the study of current issues with end users and opportunities for data collection and labelling. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of data collection and labelling manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the data collection and labelling market provided in the report adds to the credibility of this exhaustive research study.

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Key Question answered in the survey of Text Data Collection and Labelling market report:

• Market Estimates of Text Data Collection and Labelling and Forecasts of Text Data Collection and Labelling
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• Restraints Shaping U.S. Market Growth
• Market Survey of Text Data Collection and Labelling

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Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

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The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.

The report offers actionable and valuable market insights on the Hyoscine-N-Butyl Bromide. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Hyoscine-N-Butyl Bromide across various industries and regions.

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According to the latest study by Fact.MR, the Hyoscine-N-Butyl Bromide market is expected to bring in more than US$ 50 million in 2019. The study opines that growing prevalence of irritable bowel syndrome (IBS) will continue to underpin hyoscine-N-butyl bromide sales.

Over the past few years, the prevalence of IBS and abdominal pain as the gastrointestinal tract disorder has increased, resulting in the increasing consumption of anti-spasmodic drugs. IBS has emerged as one of the most common causes of abdominal pain in the last few years, according to the International Foundation for Gastrointestinal Disorders, the prevalence of IBS is estimated around 10-15% globally.

Hyoscine-N-Butyl Bromide used to treat abdominal pain and spasms is available in both oral and injectable form. However, with increasing sales of Hyoscine-N-Butyl Bromide under the brandname Buscopan which is an oral medication, the application of Hyoscine-N-Butyl Bromide in oral form is gaining traction.

Moreover, with a range of benefits on oral administration of Hyoscine-N-Butyl Bromide, it is being used on a large scale. Upon oral administration, it binds and blocks muscarinic receptors, thereby, providing anti-spasmodic effect in the uterine, gastrointestinal, and urinary tracts.

Many oral analgesic drugs are also finding wide application to relieve pain during gynecological procedures. Hyoscine-N-Butyl Bromide has gained popularity as the oral anti-spasmodic drug for relief from genito-urinary spasms.

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Hyoscine-N-Butyl Bromide Market: Assessment of Competitive Landscape

• Boehringer Ingelheim has filed for the regulatory approval of Nintedanib for patients with systemic sclerosis associated interstitial lung disease with the EMA and FDA. Recently, Boehringer also entered into a research collaboration with GNA Biosolutions to develop emergency veterinary diagnostics, including rapid diagnostic test for African swine fever that can be used on the portable molecular diagnostic platform by GNA.
• The FDA has approved Dicyclomine HCl Injection, the generic version of Bentyl Injection by Aptalis Pharma. Dicyclomine HCl is an anti-spasmodic and anti-cholinergic agent that helps to relieve smooth muscle spasms in the gastrointestinal tract. The injection is supplied as 20mg/2ml.
• Recently, the meta-analysis that was undertaken to evaluate effectiveness of the IBS treatment options, noted three clinical studies that have shown Buscopan as more effective in relieving IBS symptoms as compared to placebo. The clinical studies have also found minimal side-effects of Buscopan. Currently, Buscopan is rarely prescribed in the US, however, it may be commonly prescribed by physicians outside the US.

Some of the leading players in the Hyoscine-N-Butyl Bromide market are Alkaloid Skopje, Boehringer-Ingelheim, Linnea SA, and Alchem International.

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Europe to Remain Most Lucrative for Hyoscine N-Butyl Bromide Market

According to the report, Europe is likely to remain the most lucrative region in the hyoscine N-butyl bromide market, owing to the significant growth in the geriatric population in the region that is more prone to abdominal pain and chronic gastrointestinal diseases. In Europe, hyoscine-N-butyl bromide with brand name as buscopan is finding widespread application in the radiology as anti-spasmodic agent. It is also used to freeze the bowel motion as part of MRI and CT studies.

In the past few years, abdominal pain has gained significance as one of the early signs of meningococcal infection in Europe. This form of infection is becoming increasingly common in Europe, with abdominal pain as one of the key symptoms. According to the latest research study, 10% of patients infected with the meningococcal strain in Europe suffer from stomach pain.

Need for More Studies on use of Hyoscine-N-Butyl Bromide to Treat Abdominal Pain in Children

In recent years, acute abdominal pain has been a common complaint among pediatric patients visiting the Emergency Department. Although Hyoscine-N-Butyl Bromide is used widely for abdominal pain in children, no pediatric clinical trial still has explored its efficacy to treat abdominal pain in children in the ED setting.

According to some experts, if Hyoscine-N-Butyl Bromide is found to be an effective drug or medication to treat children suffering from acute abdominal pain, it may emerge as a therapeutic option for the painful condition and for acute abdominal pain in children for which there is currently limited options available.

The Fact.MR report tracks the Hyoscine-N-Butyl Bromide market for the period 2018-2027. According to the report, the Hyoscine-N-Butyl Bromide market is expected to register 4.6% CAGR between 2018 and 2027.

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Key Question answered in the survey of Hyoscine-N-Butyl Bromide market report:

• Market Estimates of Hyoscine-N-Butyl Bromide and Forecasts of Hyoscine-N-Butyl Bromide
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• Market Analysis of Hyoscine-N-Butyl Bromide
• Statistical analysis of Hyoscine-N-Butyl Bromide
• Key Drivers Impacting the Hyoscine-N-Butyl Bromide market
• Which are the Key drivers impacted by Hyoscine-N-Butyl Bromide market
• Restraints Shaping U.S. Market Growth
• Market Survey of Hyoscine-N-Butyl Bromide

Key findings of the report:

• Prominent manufacturers, raw material suppliers, equipment providers, traders, and distributors in the market.
• In-depth analysis of important market segments, market potential, impacting trends, and challenges.
• Critical examination of the strengths, weaknesses, opportunities and threats of each player.
• Extensive investigation of the effects of the growth of relevant industries.
• Accurate data regarding the future prospects of the during the forecast period.

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The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.

The report offers actionable and valuable market insights of Permanent Zonal Isolation Packers. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Permanent Zonal Isolation Packers Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Permanent Zonal Isolation Packers market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Permanent Zonal Isolation Packers

This newly published and insightful report sheds light on Market Insights of Permanent Zonal Isolation Packers, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Permanent Zonal Isolation Packers Market.

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According to a recent study of Fact.MR, sales of zonal isolation packers exceeded 25,438 units in 2018, and is estimated to surpass 26,000 units in 2019. The Fact.MR study finds an ever-increasing need from exploration & production industry operators to address the issue of gas migration, which continues to be one of the longstanding challenges requiring immediate attention. This, in turn, is paving favorable grounds for adoption of effective zonal isolation technologies, including zonal isolation packers.

“One of the chief aspects fuelling demand is rising need for effective zonal isolation technologies to prevent damage of casing and other formations in a wellbore. Moreover, zonal isolation packers are also widely-used as an ideal anchor point for effective production tubing, creating untapped potential for the stakeholders of zonal isolation packers market”, says Fact.MR study

The study opines that demand for zonal isolation packers is closely associated with two of the highly-valued aspects- well lifecycle and workover. With resurgence of well drilling activities worldwide, industry operators seek effective zonal isolation packers that ensure enhanced well lifecycle and reduced workover. Consistent growth of well-intervention procedures across the existing oilfields for production ramp-up is one among the chief aspects bolstering the adoption of zonal isolation packers.

The study states that end-users will continue to show marked preferences for permanent zonal isolation packers, owing to their excellent performance as compared to retrievable and open hole variants. High sealing & gripping capabilities and low costs remain two key touchpoints boosting sales of permanent zonal isolation packers, with global sales estimated to surpass 15,600 units in 2019. Demand for zonal isolation packers from onshore applications will continue to grow by leaps and bounds, with global demand estimated to surpass 22,500 units in 2019.

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Manufacturers Focus on Product Benchmarking as a Continuous Improvement Tool

The zonal isolation packers market landscape portrays hegemony of the top 3 players- Halliburton, Schlumberger Limited, and Baker Hughes Inc., whose growth is uphold by robust product portfolios. Furthermore, the zonal isolation packers market also demonstrates larger presence of regional players, which may compel the leading players to deliberately cut down their product prices for improving their product positioning. Moreover, manufacturers in the zonal isolation packers market are also focusing on product benchmarking as a continuous improvement tool, wherein they are comparing their offerings with the industry-best products to pick out areas of improvement.

According to the Fact.MR study, the key players in the zonal isolation packers market are positioning their production units in close proximity with prominent oil & gas sites, with an objective of minimizing the transportation costs. In line with the competitive market environment, the end-users continue to be in a stronger position in the zonal isolation packers market landscape. Sensing the aforementioned, manufacturers in the zonal isolation packers are vying to establish differential approaches as compared to that of their rivals, in order to ensure that product designs are appropriate and all-aligned with evolving end-user requirements.

The Fact.MR report also analyzes the potential opportunities in zonal isolation packers market from 2019 to 2027. According to the report, the zonal isolation packers market is estimated to witness growth at a volume CAGR of over 3.5% during the forecast period. 

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More Valuable Insights on Permanent Zonal Isolation Packers Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Permanent Zonal Isolation Packers, Sales and Demand of Permanent Zonal Isolation Packers, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Vegan Baking Leavening Agents market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Vegan Baking Leavening Agents

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Some of the notable developments in the vegan baking ingredients market have been listed below:

• Ingredion, a leading player in the vegan baking ingredients market launched a novel product, potex, which is manufactured using potato fibers and will enhance the texture, freshness, and visual appeal of vegan bakery products. The launch of the product is aimed to cater to the needs of vegan bakeries who are seeking products which could aid them in producing bakery goods with texture and appeal similar to that of the normal bakery products.
• Lallemand recently made two new additions to its line of yeast products in Instaferm and VitaD. The new products launched were Instaferm Inactive and VitaD Plus Concentrate yeasts which are rich in vitamin D content. The vitamin D in the yeast is obtained from natural plant-based sources and aid in the production of an assortment of vegan bakery goods.
• Pak Group, a vegan baking ingredients manufacturer, recently launched a vegan egg wash replacer under its brand Bellarise. The product named Bellarise Shine provides a vegan alternative to commercial bakeries for achieving the ideal glaze for clean label bakery goods.
• Cargill, a prominent player in the vegan baking ingredients market, signed a fresh agreement with six distribution partners in North America to strengthen its network in the continent.
• Vegan baking ingredients supplier, Bakels opened a new distribution center in Bicester in 2018. Built with an investment of £10 million, the company plans to use the 80,000 square foot facility to store finished goods as demand for vegan bakery ingredients continues to burgeon.

Key players profiled in the vegan baking ingredients market report include Associated British Foods, BASF SE, Kerry, DuPont, Dohler Group, Kerry, and Dawn Food Products.

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Demand for Vegan Baking Ingredients in Production of Bread Remains Robust

The consumption of bread has been gradually reducing in recent times with the advent of associated health problems such as increased blood sugar level, indigestibility, and obesity. Consequently, consumers are seeking healthy, gluten-free alternatives for bread which is prompting bakeries to foray into production of vegan bread. For instance, Pompadour, a bakery chain in Japan launched its new vegan curry bread manufactured using clean and organic ingredients.

Additionally, both brick & mortar and online retail stores are adding multiple variants of vegan bread to their portfolios to capitalize on the surge in demand with some stores launching their own proprietary vegan bread products. Trader Joe’s, a chain of grocery stores in the USA, recently rolled out vegan banana bread loaf across its stores. While certain stores are foraying into manufacturing their own vegan bread products, other supermarkets such as Waitrose are assigning dedicated sections to vegan products providing an extensive network for their distribution.

Surge in the demand for vegan products is also prompting food chains to expand their vegan product offerings. A Starbucks outlet in South Korea recently expanded its vegan product offerings with the addition of vegan focaccia bread to its menu. As competition in the vegan food market intensifies, manufacturers are focusing on the production of innovative offerings. For instance, Artisan Bread Organic, a leading producer of vegan products in the UK, recently launched a new vegan burger range with the company claiming its products to be completely vegan. Approximately 11000 tons of vegan baking ingredients were sold for bread production in 2018, according to the study.

The Fact.MR report tracks the vegan baking ingredients market for the period 2018-2028. According to the report, the vegan baking ingredients market is projected to grow at 6% CAGR through 2028.

Segmentation

The report on vegan baking ingredients market segments the vegan baking ingredients market on the basis of product type, nature, application, end-use, and region.

Based on product type, the vegan baking ingredients market can be segmented into starch, raising agents, emulsifiers, leavening agents, baking powder and mixes, vegetable oils, colors and flavors, and enzymes.

On the basis of nature, the vegan baking ingredients market can be segmented into organic and conventional.

Based on the application, the vegan baking ingredients market can be segmented into cakes & pastries, biscuits & cookies, bread, rolls & pies, buns, and others.

On the basis of end-use, the vegan baking ingredients market can be segmented into direct sales and residential.

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Key Question answered in the survey of Vegan Baking Leavening Agents market report:

• Sales and Demand of Vegan Baking Leavening Agents
• Growth of Vegan Baking Leavening Agents Market
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• Key Drivers Impacting the Vegan Baking Leavening Agents market
• Which are the Key drivers impacted by Vegan Baking Leavening Agents market
• Restraints Shaping Market Growth
• Market Survey of Vegan Baking Leavening Agents

More Valuable Insights on Vegan Baking Leavening Agents Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Vegan Baking Leavening Agents, Sales and Demand of Vegan Baking Leavening Agents, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

Explore Fact.MR’s Comprehensive Coverage on Food & Beverages:

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About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
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Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

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Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
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