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Smart Coating Industry Overview Competitive Strategies & Forecasts 2022 to 2030
10 de Dezembro de 2021, 2:42 - sem comentários aindaSmart coatings refer to a niche coating segment which possess advanced functionalities and exhibit properties on reaction with the external environment. The global smart coatings market has picked up pace in recent years, and Market Research Future (MRFR) has deemed the global smart coating market to exhibit a moderate compound annual growth rate over the forecast period which ends in 2022.
Smart coatings are used for application in numerous use cases due to various superior properties associated with them such as anti-corrosion, self-healing, anti-microbial, and fire-protection to name the basics. Smart coatings find usage in various industry verticals for a wide range of purpose. Key end-use industries are increasingly becoming reliant on smart coatings for fulfilling their respective specialized needs and towering demand from end-use industries can be credited to the growth of the global smart coatings market.
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The automotive industry is a major key end user of the global smart coatings market. They help in the protection of various automotive components and find particular use in the protection of high-end vehicles. Smart coatings find niche applications in the healthcare sector. They are increasingly percolating in operating rooms and in medical devices such as a catheter and other devices. They protect against infections and also prohibit the formation of blood clots.
New advances in material science have facilitated the incorporation of additional functionalities which has broadened the suitability range of smart coatings for a myriad of applications. Furthermore, the use of nanotechnology and nanomaterial in smart coatings has augmented the growth of the market.
Segmentation
The global Smart Coatings Market has been segmented based on product and application.
By product, the global smart coatings market has been segmented into single-layer and multi-layer.
By application, the global smart coating market has been segmented into automotive, aerospace & defense, construction, electronics, healthcare, and others.
Regional Analysis
By region, the global smart coatings market has been segmented into Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW).
APAC is the largest market for smart coatings driven by rapid industrialization in the region which generates high demand for smart coatings. The flourishing automotive and construction industry, in particular, bodes well for the growth of the market. China and India are key contributors to the APAC market. Furthermore, Japan conducts various world events which have led to large-scale infrastructural development in the region and induces greater demand for smart coatings.
North America is a significant market for smart coatings, the majority of the demand coming from the US, Canada, and Mexico. The North America market is spurred by innovation and progress made in the field of nanotechnology. The Europe smart coatings market growth is expected to be stagnated by stringent rules and regulations imposed by the government on environmental safety.
Competitive Landscape
The notable players operating in the global smart coating market include
- Dow Corning Corporation (U.S.),
- Ancatt Inc. (U.S.),
- PPG Industries, Inc (U.S.),
- Axalta Coating Systems, LLC (U.S),
- Akzo Nobel N.V. (the Netherlands),
- BASF SE (Germany),
- Autonomic Materials, Inc (U.S.),3M (U.S.),
- The Dow Chemical Company (U.S.),
- DuPont (U.S.).
Industry Updates
- In January 2019, researchers at the McMaster University developed a special smart coating that can absorb specifically 'targeted' substances. The coating contains very thin layers of FDA-approved lubricant and some specific biomolecules which bind to target species. The smart coating can potentially find the application on medical implants where it can reduce the risk of clot formation and infection.
- January 2019- researchers at Penn State have developed an advanced antireflectionsmart coating that is not only capable of improving existing coatings but can also make transparent plastics virtually invisible.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Polyester Coatings Industry Production, Sales, Demand, Supply, Opportunity and Forecast to 2030
10 de Dezembro de 2021, 2:25 - sem comentários aindaAccording to Market Research Future (MRFR), the global polyester coatings market has been assessed to reach a remarkable market valuation at a striking CAGR over the review period.
Polyester coatings are primarily used for enhancing the high standard performance and imparting chemical resistance, durability, reduced yellowing, weather-proof resistance, and non-toxic nature to the end-use product. The market is projected to be influenced by the increase in infrastructural development over the assessment period. The swelling demand for powder coatings from the automotive industry is expected to drive the market over the review period, due to benefits provided by the product such as enhanced efficiency, lower cost, and other superior features. Polyester coatings are also used in numerous applications such as brake pads, door handles, roof racks, engines, oil and fuel filters, exterior & interior trim since they offer enhanced thermal and humidity resistance to the end-use product.
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Segmental Analysis
The global polyester coatings market is segmented on the basis of the application. Based on application, the market has been sub-segmented into automotive, construction, packaging, aviation, paints & coatings, and others. The paints and coatings segment is predicted to drive the market due to the rising manufacture of polyester paint in the sector and its massive demand in end-use applications over the review period. Moreover, increasing consumer awareness and higher usage of the product in significant industries are set to drive the market over the assessment period.
Among these, the construction sector holds a significant portion owing to the rising consumption of polyester coatings in numerous applications such as warehouses, facades, roofing, and others.
Regional Analysis
Based on regions, the Polyester Coatings Market has been segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The Asia Pacific (APAC) region accounts for a significant share of the market due to the rising demand for polyester coatings in end-user industries such as automotive, aviation, construction, packaging, paints & coatings, and others. The surge in disposable income and production of hybrid coatings in noteworthy industries has driven the region to witness higher growth over the assessment period. Countries such as Japan, China, and India are significant contributors to the regional market share in the polyester coatings market.
The North American region is expected to grow significantly in the market due to rapid urbanization along with the increasing popularity of polyester coatings in end-use industries. It is projected that increasing investments in the end-use industries are likely to drive the market in the region during the review period. The growing consumption of polyester coatings in aviation, construction, and packaging sectors has driven developed countries such as Canada, the U.S., and Mexico to attain remarkable growth in the market as they provide excellent stability, flexibility, and durable nature to the end-use product.
The European market is estimated to witness remarkable growth due to stringent regulations employed by governments to follow polyester coating in end-user products. The polyester coatings market has been driven by the application of this rule in textiles, paints & coatings, and adhesives segments. It is estimated that the rising innovation and technological advancements in the region are predicted to boost the growth in developing countries such as the U.K, Germany, Italy, and France during the review period.
The Latin America (LATAM) region is projected to observe a significant growth in the market owing to greater use of high-performance coatings in automotive, aviation, construction, and others. Polyester coatings are expected to drive the market over the review period owing to their growing usage in automotive interior and exterior parts, filter pads, and others. Furthermore, the Middle East & Africa is expected to observe higher growth in the market due to a surge in the construction activities in the region over the review period.
Key Players
The key market players functioning in the global polyester coatings market are
- 3M (U.S.), AGC Chemicals Americas (U.S.),
- Akzo Nobel N.V. (the Netherlands), Axalta Coating Systems, LLC (U.S.),
- BASF SE (Germany), DuPont (U.S.),
- Huntsman International LLC(U.S.),
- PPG Industries, Inc (U.S.),
- The Dow Chemical Company (U.S.),
- Momentive (U.S.), and among others.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact
Market Research Future®
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Organosilicon Polymers (Polysiloxane) Market Share | Key Drivers And Trends Analysis Revealing Leading Players
10 de Dezembro de 2021, 2:12 - sem comentários aindaMarket Research Future (MRFR) will be publishing a half cooked research report on the “Global Organosilicon Polymers (polysiloxane) market” that contains the information from 2022 to 2030.
MRFR recognizes the following companies as the key players in the global Organosilicon Polymers (polysiloxane) Market—Dow (US), Covestro (Germany), Huntsman International (US), Mitsui Chemicals (Japan), LANXESS (Germany), BASF SE (Germany), Recticel (Belgium), Kuwait Polyurethane Industry w.l.l (Kuwait), BCI Holding (UAE), DIC Corporation (Japan), Rogers Corporation (US), and Tosoh Corporation (Japan).
Market Highlights
The global organosilicon polymers (polysiloxane) market is projected to be valued at USD 2,201.24 million by the end of 2028, registering a CAGR of around 4.28% during the forecast period.
Organosilicon polymers compounds are composed of –Si–O–Si–O– backbones with side chains R attached to the silicon atoms (R2SiO), where R is a hydrogen atom or an organic radical possibly bearing functional groups. Siloxane is a kind of organosilicon compound. They are the building blocks for silicone products or make a part of the other products, including adhesives, paint, and coatings. Silicone products are grouped into silicone fluids, elastomers, and resins. Silicone fluids are used 556Qa wide range of applications, silicone elastomers are used primarily for sealants and rubbers, and resins are mainly used for paints. According to the Danish Environmental Protection Agency (Danish EPA), the total consumption is estimated at around 3,100 tons per year.
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The primary factor driving the global organosilicon polymers (polysiloxane) market is majorly the application of adhesives and elastomers in the construction industry. Additionally, the increasing automotive production and their harmful emissions support the growth of the global organosilicon polymers (polysiloxane) market. Adhesives and elastomers are consistently used in the building and construction sector. Thus, the growing construction sector globally has provided fuel for innovation and manufacturing processes with a wide number of applications for elastomers and adhesives. The growth of the construction industry in the emerging economies of Asia-Pacific is likely to favor global market growth. The use of organosilicon polymers (polysiloxane) in roofing, walls, piping, and others in residential and commercial buildings owing to their physical characteristics, is expected to fuel the market in the coming years. Moreover, residential and commercial buildings in developing countries have increased due to the growing population and rapid urbanization. The increasing purchasing power and growing preference of consumers for better appeal and decorative residential infrastructure are likely to influence global market growth positively
Similarly, the automotive industry has experienced significant expansion in recent years all over the world. In 2019, global vehicle production exceeded 92 million units. The surge in production in rising economies including India, China, and Mexico is mainly responsible for this. The creation of inventive and safe parts used in automobiles has resulted from improvements in the automobile and heavy-duty sectors to meet current and foreseeable consumer expectations. In the future years, these factors are projected to boost market expansion.
Key Findings of the Study:
- The global organosilicon polymers (polysiloxane) market is projected to reach a value of USD 2,201.24 million by 2028, with a CAGR of around 4.28% during the forecast period from 2021 to 2028.
- Asia-Pacific accounted for the largest market share in 2020; this is due to the high production and sale of automobiles and huge investments in the construction sector in China, India, and South Korea.
- Middle East & Africa is expected to be the fastest-growing regional market registering a CAGR of over 5%.
- The proliferating automotive industry in the Middle East & Africa, coupled with a focus on product innovation and technology development, are the key opportunities in this market.
Segment Analysis
The global organosilicon polymers (polysiloxane) market has been segmented on the basis of metal type, technology, vehicle type, and region.
On the basis of product type, the global organosilicon polymers (polysiloxane) market has been segmented into silicone oil, silicone rubber, silicone resin, and silicone emulsion. The silicone rubber segment accounted for the largest market share in 2020, with the highest CAGR of over 5.0%. The silicone rubber is majorly utilized in external materials because it possesses strong weather resistance, thermal oxidation stability, and electrical qualities. Silicone rubber's hydrophobic characteristic prevents impurities and droplets from adhering to its surface, allowing it to be utilized as an anti-sticking coating. As a result, silicone rubber has several uses in national security, manufacturing, healthcare, construction, and everyday life.
By application, the organosilicon polymers (polysiloxane) market has been categorized into coatings, elastomers, foams, adhesives & sealants, and others. Among these, coatings emerged as the fastest-growing segment during the review period as they are increasingly used in the automotive and construction sector.
COVID Impact Analysis
The outbreak of COVID-19 resulted in the shutting of factories and businesses, canceled air transport routes, and lockdowns, negatively impacting the industry. COVID-19 has had a considerably greater impact on the chemical business than past global epidemics such as Ebola, H1N1, and MERS; the sector has contributed more than even the 2008 financial crisis. However, with the lifting of trade restrictions and lockdown measures, sales for fuel additives are expected to go up and drive market development. The industry's reliance on China has had a negative impact on supply chains, leaving businesses scrambling for substitutes and loopholes. Because the majority of the chemical industry's industrial operations take place on-site, the workers are at risk of contracting the disease. Labor shortages have hampered manufacturing across the globe.
Governments and managements around the world have implemented a variety of monetary and fiscal policies to mitigate the effects of the pandemic, which should provide some respite to consumers. After a temporary depression, the Asia-Pacific area has returned to normal. Several corporations have expanded production to reduce inventory levels and shift cargo closest to markets with greater flexibility.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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Fiber-Reinforced Plastic Grating Market Size Research Report By Production Technology - Forecast To 2030
10 de Dezembro de 2021, 1:45 - sem comentários aindaMarket Synopsis
According to MRFR analysis, the Fiber-Reinforced Plastic (FRP) Grating Market was valued at around USD 505.32 Million in 2018 and is expected to reach over USD 688.59 Million by the end of 2025 at a CAGR of 4.52%.
Fiber-reinforced plastic (FRP) is a composite material produced by combining fiberglass and a matrix of resin. These FRP gratings are more durable from the conventional reinforcement grating materials such as steel and aluminum owing to their resistance to electrochemical corrosion. The key factors boosting the growth of the global fiber-reinforced plastic (FRP) grating market are the increasing investment in the infrastructure sector and rising demand for FRP gratings across various end-use industries.
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Pricing and Regulatory Analysis
The environmental and governmental regulations have increased the adoption of green materials, which is expected to boost the growth of the global FRP gratings market during the forecast period. This is due to the plastics from FRP gratings can be recycled.
- The European Standards – EN 16245, for ‘Declaration of raw material characteristics’
- The International Organization for Standardization – ISO 846, for ‘Evaluation of the action of microorganisms’
SEGMENTATION
By Material Type
- Vinyl Ester Resin: It held the largest market share in 2018. The growth is due to the excellent chemical resistance offered by these resins owing to which they are in high demand in multiple end-use industries, where the grating is subject to be in direct contact with harsh chemicals such as acids and caustics. It is primarily used in chemical processing, oil & gas, wastewater, and mining.
- Polyester Resin: Although polyester resin offers an intermediate level of chemical resistance as compared to vinyl ester resin, they are material of choice for gratings subjected to spill and splash in harsh chemical environments. They are economical and reduce the cost of grating as compared to vinyl ester resin.
By End-Use Industry
- Building and Construction: It is projected to be the largest segment owing to the high consumption of FRP gratings in applications such as sunscreens, rooftop solar panel walkways, fencings, and railings. The properties such as corrosion resistance, high strength-to-weight ratio, structural stability, and ease of installation have increased their demand in building and construction activities. The increasing building & construction activities in emerging economies is another factor favoring the growth of the global FRP gratings market.
- Wastewater Treatment: The growth of the segment is due to the consumption of FRP grating in building tanks & equipment access platforms, decking, and in equipment that are exposed to potentially corrosive environments.
- Chemical: Corrosion in chemical processing facilities negatively impact the bottom-line growth of the industry. FRP gratings are used throughout chemical facilities as they are corrosion resistant, slip-resistant, and require low maintenance. They find applications in stair treads, stairways, and crossover systems.
- Food & Beverage: The growth of the segment is due to the use of these gratings in work platforms, trench gratings, walkways, accessways, screening, conveyor systems, and pit covers.
- Oil & Gas: The increasing demand for lightweight and corrosion-resistant gratings in offshore platforms, floating facilities, land-based and offshore drilling rigs, and marine terminals is expected to be the major factor driving the growth of the segment.
By Product Type
- Molded Fiberglass Grating: Molded fiberglass grating is manufactured by placing the heated mold in an upside-down waffle iron. Usually, this mold consists of 65% fiberglass and 35% resin, owing to which the molded fiberglass grating receives its chief property, which is high corrosion resistance.
- Pultruded Fiberglass Grating: Pultruded fiberglass gratings are 65% glass and 35% resin, which provide the grating its primary property that is high strength to weight ratio. Moreover, these gratings have a superior advantage over the molded fiberglass as they can be customized to fit a wide range of profiles. These factors are expected to fuel their demand during the forecast period.
By Region
- North America: The regional market growth is driven by the high demand for FRP gratings in wastewater treatment and building & construction industries.
- Europe: Significant consumption of FRP gratings in the food & beverage and chemical industries for applications such as stair treads and work platforms is expected to fuel the regional market growth.
- Asia-Pacific: Most opportunistic market owing to rapid industrialization.
- Latin America: It is expected to witness positive growth owing to increasing construction activities, which is fueling the demand for FRP grating in Latin America.
- Middle East & Africa: The growing infrastructure sector and surging oil and gas industry is expected to fuel the regional market growth
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact
Market Research Future®
99 Hudson Street,5Th Floor
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United States of America
Phone:
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Email:[email protected]
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Polyester Coatings Market: Information by Application, and Region—Forecast till 2030
Fatty Alcohol Alkoxylates Market | Emerging Trends, Highlights and Challenges, Forecast 2030
9 de Dezembro de 2021, 23:26 - sem comentários aindaFatty alcohol alkoxylates Market Quadruples With Extensive M&A Activities by 2023; Declares MRFR :
Pune, India, December 2017/MRFR Press Release/- Market Research Future Published a Cooked Research “Global Fatty alcohol alkoxylates Market Research Report - Forecast to 2023” - Market Analysis, Scope, Stake, Progress, Trends, and Forecast up to 2023.
Fatty Alcohol Alkoxylates Market – Market Overview
Fatty Alcohol Alkoxylates are gaining traction in the non-ionic surfactants market with increasing demand for biodegradable and non-toxic surfactants in the prominent end-use industries such as household cleaning, I&I cleaning, personal care and textiles among others. Environmental feasibility of fatty alcohol alkoxylates under high regulation in developed market is significant factor driving the fatty alcohol alkoxylates market growth at CAGR of 5.0% during forecast period.
Changing consumer preference towards personal hygiene and cleanliness has led to considerable demand of sustainable surfactants with advanced formulations. The sustainability factor is defined by biodegradability and toxicity of fatty alcohol alkoxylates. Fatty alcohol alkoxylates produced from oleochemical are sourced from natural sources such as palm kernel oil (C16-C18), and coconut oil (C12-C14) among other natural sources. Moreover, alkylphenol ethoxylates are banned in developed regions which in turn has witnessed the dominance of oleochemical based fatty alcohol alkoxylates as a substitute for biodegradable and non-toxic surfactant for use in the cleaning products.
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According to MRFR analysis, the global fatty alcohol alkoxylates market was valued at USD 564.4 million in 2016 and is expected to be valued at USD 787.8 million by the end of 2023, expanding at a CAGR of 5.0% during the forecast period. Fatty alcohol alkoxylates based on types segmented as oleochemical based fatty alcohol alkoxylates and petrochemical based fatty alcohol alkoxylates is further sub-segmented based on the number of carbons chains. Oleochemical based fatty alcohol alkoxylates is further sub-segmented into — Lauryl Alcohol (C12-C14) Alkoxylate, Cetostearyl Alcohol (C16-C18) Alkoxylate, Behenyl Alcohol (C22) Alkoxylate, Stearyl Behenyl Alcohol (C18-C22) Alkoxylate, and Stearyl Alcohol (C22) Alkoxylate. Lauryl Alcohol (C12-C14) alkoxylate and Cetostearyl Alcohol (C16-C18) alkoxylate holds largest market share among the oleochemical based alkoxylates owing to growing consumption in personal care and housing cleaning market. The household cleaning products market is one of the major consumer of surfactants, the valuation of household cleaning products market is valued at approximately USD 250 billion growing at a rapid pace of approximately ~9% CAGR. Moreover, rising concern over institutional hygiene and cleanliness especially in healthcare and food & beverage industry is also anticipated to slate highest growth of industrial and institutional cleaning market at nearly 4.5% reaching USD 60 billion by end of 2023.
Asia Pacific region is the largest market for fatty alcohol alkoxylates and accounts for nearly 40% of the volume share in the global fatty alcohol alkoxylates market. Rapid urbanization and industrialization in the emerging markets is expected to boost the demand for I&I and household cleaning products which in turn, witness considerable demand for fatty alcohol alkoxylates during the forecast period. North America accounts for the second largest market share owing to penetration of automatic dishwashers in the households along with growing laundromat services can be further attributed to the growth of fatty alcohol alkoxylates market.
Industry/ Innovation/ Related News:
May 2017 - Clariant International AG and Huntsman signed an agreement to combine their operations. Through this acquisition company will employ 32,000 people and generate revenue of USD 413 billion. This would also help the company to expand its product portfolio in untapped countries.
January 2017 – Clariant AG acquired Galaxy Surfactants Ltd. (leading supplier of speciality chemicals including surfactants). This deal would help the company to ease their distribution network among the respective regions. Moreover, it would benefit the company to directly reach out to customer requirements regarding surfactants.
September 2016 – Clariant acquired Kel-Tech Inc. (Midland, Tex.) and X-Chem LLC (Irving, Tex.). through expansion of portfolio, company has increased their presence in oil producing basins and add strong customer base to their operational activity. This has also strengthened company business in North America market.
Fatty Alcohol Alkoxylates Market – Competitive Analysis
Fatty alcohol alkoxylates Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include merger, acquisition and expansion. However, acquisition and expansion were second most widely adopted strategy by key market players. Companies are building strategic partnerships with local manufacturer and distributors in order to reduce gap between supplier and customer of fatty alcohol alkoxylates. With technology advancement and presence of significant players has made fatty alcohol alkoxylates lucrative opportunity in their respective applications.
Key Players:
BASF SE, Huntsman Corporation, KLK OLEO, Clariant International AG, Croda International Plc, SASOL and Stepan Company among others are some of the prominent players at the forefront of competition in the Global Fatty alcohol alkoxylates Market and are profiled in MRFR Analysis.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email:[email protected]
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