New Research Areas
Overview of the global female contraceptive market
Technavio’s market research analyst predicts the global female contraceptive market to grow at a CAGR of more than 3% by 2020. Factors such as unprotected sexual intercourse, contraceptive failure, incorrect use of contraceptives, forgotten contraception pills, and sexual assault can lead to unplanned pregnancies. However, the use of active contraception devices can eliminate over 90% of abortion-related and around 20% of pregnancy-related issues and mortality cases in developing countries. Various temporary and permanent contraceptive methods and devices for women are available in the market. Permanent methods such as sterilization are most effective as they avoid the chances of pregnancy. Also, several government initiatives globally toward family planning and easy access to contraceptives such as pills have increased their popularity among women, especially in developing countries for preventing pregnancy-related health risks, unsafe abortions, and adolescent pregnancies. Moreover, with the growing incidences of STDs, the demand for permanent contraception methods are high, leading to the overall growth of the market over the next four years.
The novel contraceptives methods such as subdermal progestin implants, vaginal contraceptive rings, transdermal patches, and third-generation oral contraceptives are gaining popularity in the market. Also, the market share for these devices is likely to increase during the forecast period due to their increased safety, convenience, and advantages. The development of multipurpose prevention technologies capable of avoiding both pregnancy and STIs is increasing significantly. Nanofabric is a novel technology, which is designed to adhere, stay in place, and form a gel after dissolving. It also helps in blocking the
Overview of the global consumer credit market
Market research analysts at Technavio predict that the global consumer credit market will grow steadily during the next four years and post a CAGR of almost 5% by 2020. Benefits such as quicker access to credit are identified to be one of the primary growth factors for this market. Banking institutions mainly provide credit to marginalized borrowers such as SMEs that lack high-quality collateral and long credit histories as they are constantly associated with higher risks and are unable to obtain funds from other financial institutions. To reduce the huge funding and credit gap between large firms, traditional financial institutions have started focusing on addressing the specific needs of potential clients. Small and medium enterprises are in need of credits mainly during their start-up and growth stages as they find it difficult to raise finance due to the unavailability of data about their performance histories. Since consumer banking solutions provide quick access to working capital and help enterprises mitigate credit risks, there will be an exponential increase in the demand for consumer credits in the next four years.
The increasing usage of social media channels by consumer credit agencies for better market penetration and customer connectivity will be one of the major factors that will gain traction in this market in the next few years. To enhance their customer base and create awareness about new products and services, consumer banking institutions have to broaden their communication and marketing channels and will soon start using social media platforms to market their products. The use of social media will help financial institutions overcome geographical boundaries and can also be used to launch media campaigns and new product launches. A few financial institutions offering consumer credit services have already
Overview of the global smart appliances market
Technavio’s market research analysts predict that the global smart appliances market will grow at an impressive CAGR of around 24% between 2016 and 2020. The adoption rate of smart appliances is increasing primarily due to the high dependency of consumers on smartphones, which serve as hubs or remote controls for these appliances. Consumers can download the app on their mobile devices and connect their appliances like refrigerators, microwave ovens, washing machines, dishwashers, and air conditioners through Wi-Fi. Such technologies facilitate them to conveniently operate, monitor, and receive notifications on their smartphones from any remote location. Also, the emerging concept of smart homes has increased the proliferation of smart appliances, which can be connected to the end user's smartphone and monitored remotely. Analysts estimate that by 2020, over 70 million homes in Europe and North America will be smart, with most household and kitchen activities managed, monitored, and executed digitally using the internet.
In terms of geography, the smart connected appliances market in North America is expected to grow at a higher and faster rate as compared to other regions. The US is the major revenue contributor in the region owing to technological advancements and growing awareness among customers for connected devices. Also, high internet and
Global market overview for ammonia
Generally, around 85% of all the ammonia produced is used in the fertilizer industry to manufacture urea, ammonium salts, and ammonia solutions. Additionally, it is also used to produce ammonium nitrate, ammonium sulfate, ammonium phosphate, di-ammonium phosphate, and mono-ammonium phosphate. In the chemical industry, it is utilized for the synthesis of nitric acid, which is used to manufacture explosives such as TNT. According to this market study, the global ammonia market is witnessing steady growth owing to the gradual increase in the use of ammonia-based fertilizers worldwide. Consequently, the market is expected to grow at a CAGR of almost 4% by 2020.
Cost structure of suppliers
While analyzing the cost structure of suppliers, it was observed that the raw materials segment dominated this market during 2015. The raw materials used in the production of ammonia include natural gas, pit coal, lignite, peat, and non-volatile hydrocarbon residues. However, a large number of plants that produce ammonia use natural gas as their feedstock. Factors such as the availability and fluctuations in raw material prices are anticipated to affect the cost of ammonia for suppliers. Fluctuations in the price of raw materials, such as coal and natural gas, directly influence the cost of ammonia. For instance, North America is one of the regions with the lowest pricing for natural gas. Since natural gas is the key
Global market overview for epoxy resins
Generally, epoxy resins comprise of pre polymers or polymers that contain an epoxide group. They are cross-linked through polymerization with itself or other co-reactants that are known as curatives or hardeners. These curatives or hardeners comprise of phenols, alcohols, and acid anhydrides. The global demand for epoxy resins is on the rise due to its favorable properties in industrial applications such as paints and coatings, adhesives, electrical laminates, and composite materials. It is also used in paints due to its strong adhesive properties. A major factor spurring the global demand for epoxy resins is the recent increase in the generation of wind energy. Epoxy resins are used as composites and adhesives for the manufacture of rotor blades and other structural elements. Properties like its lightweight nature coupled with fatigue resistance and strong adhesive capabilities, which facilitate the manufacture of lightweight, durable, and stable blades, result in its increased demand among end users. According to the extensive research carried out by the industry experts, the global market for epoxy resins will exhibit promising growth during the predicted period and post an impressive CAGR of over 6% by 2020.
During 2015, APAC accounted for the highest share of the global epoxy resins market and is envisaged to grow at a CAGR of over 7% over the next four years. Much of this region’s growth can be attributed to factors like increasing urbanization and industrialization in this region, which lead to the high demand for such resins from industries
Global market outlook for GMA monomers
GMA, or glycidyl methacrylate, is an ester of methacrylic acid and a polyfunctional monomer. It consists of both acrylic and epoxy groups and is readily hydrolyzed and biodegradable. GMA is used in emulsions to impregnate paper and textile materials and is also used for the production of epoxy resins. Globally, the GMA monomer market is very niche, but is anticipated to witness strong growth owing to its extensive usage in the coatings industry. Another factor that impels the prospects for growth in this market is the increasing need for high-performance automobile products. In this industry, GMA monomers are used by top manufacturers to lower the temperature of exhaust systems and engine bays, improve engine performance and reliability, and achieve rapid cooling of exhaust surfaces. Since GMA monomers are extensively used by manufacturers in the automotive industry, an increase in the global demand for automobiles will result in the strong growth of this market during the next few years.
During 2015, North America was the largest market for GMA monomers due to the high production of GMA in countries like the US and Canada. Much of this region’s growth can be attributed to the presence of a well-established infrastructure and R&D resources in North America. The industry experts have also observed that the demand for GMA in North America stems from the