Global Folic Acid Market To Reach USD 666.2 Million By 2025

1The Global Folic Acid Market is expected to reach USD 666.2 million by 2025, according to a new report by Hexa Reports. Growing consumption of vitamin B9 as a source of an essential supplement during pregnancy by women that minimizes the risk of congenital disabilities in infants is anticipated to augment the market demand in the coming years.

Folic acid is required for the metabolism of specific biochemical reactions and cell division in the body. It plays a significant role in the development of the nervous system in the growing fetus. Moreover, it is involved in the formation of red blood cells, supporting the normal development of the neural tube in the fetus. Market drivers include the increasing demand from pharmaceutical and nutraceuticals industry for manufacturing instant folate-rich food products owing to its health benefits.

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Improved medical facilities, increasing disposable income and adoption of social programs by the government to encourage healthcare initiatives have led to growing demand folic acid products. Pharmaceuticals dominated the market in 2015, followed by nutraceuticals. Asia Pacific dominated the folic acid market in 2015 due to the high production of the raw material in emerging economies such as China, which is a primary manufacturer of the vitamins globally.

Companies such as BASF SE, Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., Koninklijke DSM N.V., and Emcure Pharmaceuticals Ltd. have implemented acquisition and expansion business strategies to increase their geographical presence. Few global players have invested in R&D amenities to discover advanced and innovative folic products with higher efficacy rate and ease of use.

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Further key findings from the report suggest:

The global folic acid market demand was over 1.68 kilo tons in 2015 and is expected to grow at an estimated CAGR of 3.5% from 2016 to 2025

Pharmaceuticals dominated the folic acid market with a market share of in 2015. It is used to manufacture vitamin B9 medicines which are prescribed mainly to pregnant women resulting in healthy growth & development of infants.

Asia Pacific is projected to grow at the highest CAGR of 3.9% on account of the growing demand for medicines and multivitamin products in China, India, and Japan.

Key companies in the folic acid industry include BASF SE, Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., and Koninklijke DSM N.V. among others. Global players have partnered with the folate suppliers for the easy availability of the high-quality raw materials at economical price range.

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Global Flavonoids Market To Reach USD 1.06 Billion By 2025

1The Global Flavonoids Market is expected to reach USD 1.06 billion by 2025, according to a new report by Hexa Reports. Changing consumer lifestyles and rising demand for beauty & health supplements are expected to propel flavonoids consumption over the forecast period.

Developed countries such as Denmark, France, Australia, Belgium, Norway, and the U.S. are characterized by high cancer prevalence. Application of flavonoid as an anti-cancer drug is expected to be the major factor driving growth in these countries, over the forecast period.

Rising demand for convenience food products has increased utilization of flavonoids in functional food. Moreover, smoothing and antioxidant properties allow it to be used in the cosmetics industry for skin care applications. These are also being used to develop drugs for the treatment of various other diseases including diabetes and cardiovascular problems, prevailing worldwide, further increasing demand.

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Further key findings from the report suggest:

Anthocyanins were the most commonly consumed flavonoids in 2015 with a market share of over 40% in 2015. Growing demand from the nutraceuticals and functional food segment is expected to drive this market over the forecast period.

The functional beverages segment is expected to grow at a CAGR of over 12% from 2016 to 2025, in terms of revenue. Antioxidant properties of this product are now being introduced in non-alcoholic beverages including soft drinks, nutraceutical drinks, and energy drinks, propelling demand in this application.

The flavonoids market in functional foods was valued over USD 130 million in 2015 on account of anti-diabetic and anti-carcinogenic properties which are expected to increase their consumption in nutraceutical and functional food products.

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North America demand is expected to rise on account of rapid economic development with the U.S. and Canada being major nutraceutical markets in this region, triggering growth over the forecast period.

The market in Central & South America is projected to grow at the second highest CAGR of over 9% from 2016 to 2025, driven by growing demand from emerging economies such as Brazil and Argentina.

In January 2016, Cayman Chemical Company, one of the leading manufacturers of this product, acquired Biomol GmbH, a Germany-based distributor of research reagent chemicals. This acquisition helped the company strengthen its position in Europe.

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Global Fiberglass Flooring Market To Reach USD 987 Million By 2025

1The Global Fiberglass Flooring Market is expected to reach USD 987 million by 2025, according to a new report conducted by Hexa Reports. The growing application in industrial, residential and commercial buildings owing to the longer lifespan of floors coupled with better aesthetics will drive growth over the upcoming years. Moreover, the rising demand for residential buildings in light of population growth, increasing income levels, and favorable government initiatives will aid in the industry development.

The usage of these products in the industrial sector will witness substantial revenue rise at a CAGR of 6.8% from 2016 to 2025. Factors such as low maintenance and anti-allergen are expected to spur the demand for these products over the upcoming years. Strong growth of the construction industry in emerging countries such as China, India, Singapore, Brazil, Thailand, Indonesia, Mexico, UAE, South Africa, Saudi Arabia, Qatar, and South Korea will create growth opportunities for the market in the future.

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Further key findings from the report suggest:

The global fiberglass flooring market demand was 107,793.2 thousand square feet in 2015 and is expected to grow significantly owing to growing demand for residential buildings in countries such as Germany, South Africa, Brazil, Mexico, and India

The Middle East & Africa accounted for 16.5% of the global volume share in 2015 and is anticipated to witness growth on account of rapid infrastructural development in the region over the upcoming years. The presence of large construction companies such as Murray & Roberts, Fluor, Trencon Construction, Esor, Arabtec Construction LLC, Al Habtoor Group LLC, and Dutco Construction LLC will spur the demand for the product.

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The industrial construction sector is expected to witness substantial gains on account of increasing facility expansion by manufacturing companies. Moreover, the shifting of the major automotive manufacturers including Volkswagen, Audi, Toyota, Nissan, Chevrolet, BMW, and Fiat to China and India is expected to fuel the demand for fiberglass floorings in the industrial construction sector over the forecast period.

The industry is dominated by key participants including IVC Group (Mohawk Industries), Mannington Mills, Inc., Shaw Floors, NOX Corporation, Milliken, Armstrong World Industries, Gerflor, and Tarkett

Companies are focusing on strategic partnerships and alliances for strengthening their positions in the global market. In January 2013, the IVC Group announced the acquisition of Trinterio, which led to the introduction of two new subdivisions to the IVC Group, Spanolux, and Balterio.

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Global Cellulose Fiber Market To Reach USD 48.37 Billion By 2025

1The Global Cellulose Fibers Market is expected to reach USD 48.37 billion by 2025, according to a new report by Hexa Reports. The increasing gap between the demand and production of natural cellulose fibers across various end-use industries is the major factor for the growth of the market. In addition, the rise in textile & apparel industries in developing and emerging economies is also anticipated to fuel the global market growth.

Increasing demand for eco-friendly and biodegradable fibers, especially in textile and hygiene industry is driving the cellulose fibers market. The production of synthetic or man-made fibers includes the industrial processing of wood pulp derived from botanical sources. However, the manufacturing of cellulose fibers entails mechanical and chemical processing of wood pulp. Viscose, triacetate, and acetate are the most common variants of rayon, which are man-made cellulose fibers used extensively across end-use industries.

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The cellulose fibers market is highly capital intensive and requires proper expertise. The players present in the market are constantly engaged in the research & development for new product and technology innovations. The fluctuating raw material prices, rigid regulation regarding forestry & environmental and declining cotton production are the major challenges faced by the industry.

Further Key Findings from the Study Suggest:

The global cellulose fiber market is anticipated to reach 48.37 billion by 2025, growing at a CAGR of 9.1% from 2016 to 2025

The synthetic cellulose fiber segment dominated the market with 42% of the overall volume share in 2015

Textile was the prominent segment in 2015.The key application of these fibers in textile industry is to reinforce composites and filter chemicals

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Asia Pacificdominated the market in 2015 and is expected to show the same trend over the forecast period

Asian countries, such as China, India, Japan, South Korea, Pakistan, Taiwan, and Indonesia are the major market in the region owing to the remarkable growth in textile and industrial application

North America & Europe are mature markets and is expected to show the same growth trend over the forecast period

The market is fragmented and competitive in nature, with presence of local as well as big companies

Some of the key companies present in the market are Lenzing AG, Sateri, Kelheim Fibres GmbH, Grasim Industries Limited, Fulida Group Holdings Co., Ltd, China Bambro Textile (Group) Co., Ltd, CFF GmbH & Co. KG, CreaFill Fibers Corporation, International Paper, and Grupo Sniace.

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Global Big Data Market To Reach USD 123.2 Billion By 2025

1The Global Big Data Market is expected to reach USD 123.2 billion by 2025, according to a new report by Hexa Reports. The amount of data flowing across organizations has witnessed enormous growth over the last few years and the trend continues. Evolving consumer demands coupled with contracting budgets are impacted by the proliferating data, which puts considerable pressure on organizations to make the right decision in order to seize a competitive advantage.

Big data solutions enable organizations to effectively manage large data volumes thereby reducing cost. Additionally, these solutions also facilitate companies to overcome frauds, streamline critical business processes, and reduce errors. Further, the growing need to manage and monitor the heterogeneous nature of the data generated from web clicks to satellite data is also anticipated to significantly propel the industry growth over the next few years.

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Increased adoption of cloud computing has generated a large amount of data on account of rapid technological advancements and increased connectivity, owing to smartphone proliferation. Thus, the big data industry is estimated to witness a high demand in order to keep pace with this data explosion. However, lack of skilled manpower including data analysts and data scientists that are required to leverage big data capabilities is expected to hamper the demand. There exists a huge requirement for professionals who are capable of exploiting big data analytics in order to make valuable decisions.

Further key findings from the report suggest:

The network equipment segment is expected to witness a healthy growth at a CAGR exceeding 20% over the forecast period, owing to the reinforcement of new network infrastructures in order to offer enhanced security.

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The visualization segment emerged as the fastest growing software segment over the forecast period, which is ascribed to the elevating demand for visuals to represent the analyzed data and convey exact interpretation to consumers.

Media & entertainment and gaming captured a sizeable share exceeding 5% of the overall revenue, which is attributed to the growing number of companies seeking to escalate the value of their assets by integrating creativity with technological breakthroughs.

North America accounted for a sizeable revenue share exceeding 30% in 2015, which is attributed to the high penetration, primarily, across the IT & telecommunication, BFSI, and retail sectors.

Notable industry players, such as IBM, HP, Cloudera, and Oracle, are gradually investing in R&D, for developing unified big data solutions that offer increased capabilities. These players rely on developing innovation-led solutions to increase productivity and reduce cost in an attempt to attract new customers.

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