With Cell Fusion and DNA-Recombinant Technologies, Biopharmaceuticals Ensuring You Get Personalized Medications Having Minimal Side-Effects

 The rising prevalence of neurological disorders is rapidly becoming a major health problem across the world. According to the Global Burden of Diseases, Injuries, and Risk Factors Study (GBD) 2016, neurological diseases were the main cause of disability-adjusted life years (DALYs) in people and the second-major cause of deaths in 2016. The study also found that the total number of DALYs and deaths caused due to neurological disorders grew by as much as 15% from 1990 to 2016.

This growing incidence of neurological disorders is massively pushing up the requirement for biopharmaceutical products. This is because these products have been found to be very useful for the management and treatment of several neurodegenerative disorders. Moreover, unlike the conventional medications, these drugs can be directly administered into the brain of a patient. Apart from neurological disorders, the rising prevalence of cancer and infectious diseases is also boosting the demand for biopharmaceuticals across the globe. 

With the growing popularity of these drugs, medical researchers and scientists are conducting extensive research and development (R&D) activities in these products which will help them develop more technologically advanced biopharmaceuticals in the coming years. Furthermore, these rapid technological innovations and advancements are significantly increasing the survival rate of cancer and hepatitis patients all over the world. Many companies are making huge investments in the development and production of biopharmaceuticals. 

The main purpose behind these massive investments is to formulate medications and treatment procedures for many fatal diseases, especially the ones whose prevalence is rising at an alarming rate throughout the world. In addition to this, these investments are also being made for facilitating the mass production and commercialization of effective medications that have the ability to treat various life-threatening diseases and improve the survival rate of the patients suffering from them.

Because of the aforementioned reasons, the global biopharmaceuticals market will exhibit rapid expansion in the future, according to the forecast of the market research firm, P&S Intelligence. Due to the growing adoption of sedentary and unhealthy lifestyles and the rising consumption of fast foods, the incidence of chronic diseases is rapidly shooting-up, which is, in turn, boosting the worldwide sales of biopharmaceuticals. Industry experts predict that the oncology applications will generate significantly high demand for biopharmaceuticals in the future years.

Recombinant proteins, recombinant human insulin, colony-stimulating factor, growth hormones, interferon, erythropoietin, purified proteins, vaccines, and monoclonal antibodies are the main types of biopharmaceutical products available in the market. Out of these, the sales of the monoclonal antibodies are currently very high around the world. In the near future, the sales of the recombinant human insulin will soar rapidly, on account of the growing incidence of diabetes all over the world.

Due to the surging geriatric population and the high occurrence rate of chronic ailments, the North American biopharmaceuticals market is currently very lucrative. Furthermore, the extensive R&D activities being conducted in the regional countries, on account of the huge investments being made by many pharmaceutical companies and organizations, and the rapid technological advancements in biopharmaceuticals are causing the development of medications having high efficiency. This is subsequently fueling the sales of biopharmaceutical products in this region.

Hence, due to the growing prevalence of infectious diseases, chronic ailments, and neurological disorders, the surging geriatric population, and soaring investments being made in drug discovery and development, the demand for biopharmaceutical drugs will swell tremendously in the forthcoming years. 

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Demand for Blockchain in Healthcare Predicted to be Highest in Europe

 These days, enterprises are increasingly witnessing data breaches and hence are looking for solutions that can aid in securing data. Since a lot of companies deal with sensitive information regarding their customers, governments across the globe are also implementing various strict regulations for safeguarding this information. For example, a new European Union (EU) data protection rule came into effect in May 2018, namely the General Data Protection Regulation, which aims at protecting the citizens of EU from data and privacy breaches. Because of such regulations, companies in several industries, including the healthcare industry, are investing in data security solutions.

The major end users of the blockchain technology in the healthcare industry are healthcare payers, pharmaceutical companies, and healthcare providers. Out of all these, pharmaceutical companies are projected to make the most use of the blockchain technology in the years to come. These companies are increasingly adoption and exploring the blockchain technology, primarily in the areas of drug discovery and clinical trials and supply chain management. For example, Pfizer Inc. is a member of the MediLedger Project, which is a decentralized and open network for the pharmaceutical supply chain.

Geographically, North America made the most use of the blockchain technology in the past, however, the European region is projected to emerge as the largest blockchain in healthcare market in the near future. This is particularly ascribed to the fact that a large number of public and private sector players are widely implementing various blockchain initiatives in the region. Other than this, the use of the blockchain technology is also expected to increase considerably in the Asia-Pacific region in the coming years, owing to the unmet needs in areas of drug supply chain management and clinical data exchange and interoperability.

In conclusion, the demand for the blockchain technology in the healthcare industry is g

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What are Factors Responsible for Boom of Global Waste Heat Recovery Market?

 The ability of waste heat recovery to reduce the cost of operations in numerous industries is one of the major factors responsible for the surge in the demand for waste heat recovery across the globe. Since the last few years, there has been a huge increase in the cost of input energy materials such as oil and gas, electricity, and coal and this has consequently increased the operational cost of an industry. Waste heat recovery promotes efficient utilization of the available energy and provides climate protection solutions, thereby leading to sustainable development.

The other major factors boosting the adoption of waste heat recovery techniques in industrial processes are the rising government initiatives aimed at encouraging the incorporation of waste heat recovery for promoting the efficient use of energy and reducing the pollution levels, technological advancements in waste heat recovery processes, and the enactment of strict laws and regulations by the governments of several countries for reducing the greenhouse gas emissions. Driven by these factors, the global waste heat recovery market is expected to register huge growth in the coming years.

Waste heat is widely generated from several industrial processes, such as fume incinerator, cooling water from furnaces, combustion engines, exhausts from glass melting furnaces, convective, radiation, and conductive heat losses, combustion and cement kiln, and processes off-gases. Waste heat recovery systems play a major role in reducing the waste heat loss. In waste heat recovery processes, the waste heat is captured and then reused for various purposes in a plethora of applications such as load preheating, combustion air preheating, water preheating, space heating, steam generation, and power generation. 

There are various kinds of heat recovery systems commonly used, namely heat recovery steam generators, turbines, and mechanical warming boilers. Waste heat recovery processes and systems are used in a wide array of industries such as petroleum refining, casting, pulp, and paper, cement, chemical, and metal production, and natural gas compression. The petroleum refining industries recorded the highest utilization of waste heat recovery methods in 2015 and this trend is expected to continue over the next few years.

Globally, Europe registered the highest adoption of waste heat recovery systems and processes in the past, owing to the presence of a large number of environmental regulations aimed at curbing harmful industrial emissions and the earlier introduction of waste heat recovery technology in this region. Asia-Pacific (APAC) is expected to record rapid growth in the adoption of this technology in future, primarily on account of the flourishing cement industry in the region. The presence of strict environmental regulations and the huge energy demand are the other factors propelling the growth of waste heat recovery market in the region.

Therefore, it can be concluded that due to the burgeoning need for effective energy utilization and rising awareness regarding environmental pollution caused by industrial emissions, the demand for waste heat recovery technology will surge in future.

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Shrinking Arable Land Area Driving Agricultural Micronutrient Demand

 “The world’s population is expected to grow to almost 10 billion by 2050, boosting agricultural demand – in a scenario of modest economic growth – by some 50 percent compared to 2013.”, says the Food and Agriculture Organization (FAO, part of the United Nations. However, meeting this requirement might not be that easy, considering that the arable land is already being overexploited to feed the existing population. More crop cycles than the land in a particular area is suitable for, heavy chemical fertilizer and biocide usage, and general soil pollution are harming the fertility of farmlands.

Due to the reducing area under active cultivation and rapid surge in the number of people who need to be fed, alternative methods of augmenting the crop yield of the available farming area are being adopted. One such method is supplying some of the nutrients to the soil that are lost during repeated sowing and reaping cycles. As the word suggests, micronutrients are those nutrients that are needed in minute amounts for plant growth. But their absence or lack can have disastrous consequences on the productivity of the farm.  

The micronutrients, which include iron, zinc, molybdenum, boron, and manganese, are available in the diethylenetriaminepentaacetic acid (DTPA), ethylenediaminetetraacetic acid (EDTA), N,N′-bis(2-hydroxyphenyl)ethylendiamine-N,N′-diacetic acid (HBED), ethylenediamine-N, N'-bis (2-hydroxyphenylacetic acid) (EDDHA), and non-chelated form factors. Among these, non-chelated micronutrients have been consumed the most in the past, as this the most-cost-effective form factor. In the coming years, the demand for HBED variants will increase fast on account of their highest stability constant of all and lowest ultraviolet (UV) sensitivity. Additionally, the absence of an isomer leads to the 100% bioavailability of such micronutrients. 

All these micronutrients are required for the cultivation of fruits and vegetables, cereals and grains, and oilseeds and pulses. In the past, much of these substances have been used for cereal and grain production, and the situation in the next few years will be the same. This is attributed to the increasing production of cereals to feed the growing population and meet the rising demand for biofuels. As per the FAO, continuing at a growth rate of 44 kg per year, cereal production will rise to 3.8 billion tonnes by 2050.

 Around the world, Asia-Pacific (APAC) is to remain the largest agricultural micronutrients market in the years to come. Being the most populated region, the demand for produce is the highest here, which is why farmlands are put through extensive sowing and reaping. This has resulted in a perpetual loss or a lower-than-sufficient availability of micronutrients in the soil, which are now being supplied externally. Within APAC, China has been the largest user of agricultural micronutrients, being home to the most people and largest farming workforce, thus becoming the largest agricultural producer on earth.

Thus, to feed the growing population from the diminishing area of farmlands, the need for supplying nutrients to the soil externally will only rise.  

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Demand for Animal Pharmaceuticals Expected to Increase in Asia-Pacific

These days, the adoption of animal as pets has been increasingly rapidly, as people are getting more attached to animals. A number of studies have shown that adopting a pet make a person happier and even elongate their lives. Pets are of specific help to people who suffer from stress, depression, anxiety, or any other mental health issue. The affectionate nature of pets, especially dogs, can considerably aid in dealing mental health issues. Furthermore, pets can have a significant effect on the psyche of children and can help them in learning valuable life lessons.

Just like humans, animals suffer from health problems and need regular health checkups, which is why the animal pharmaceuticals market is growing rapidly. Pharmaceuticals for animals are utilized for treating, diagnosing, and curing veterinary disorders and diseases. In addition to this, the consumption of protein-rich foods, such as meat, eggs, and milk is on a rise all across the globe. Animals that are reared for the purpose of consumption need to be free of any kind of diseases, otherwise, the disease may be transmitted to human beings. This is further resulting in the rising demand for animal pharmaceuticals.

A number of animal pharmaceuticals are present in the market, including endoparasiticides, ectoparasiticides, bronchodilators, and anti-inflammatories. Out of these, the demand for ectoparasiticides has been the highest up till now. These pharmaceutical products are further of different types, namely coumaphos, ivermectin, fipronil, and cypermethrin. A major reason for the growing demand for all these pharmaceuticals is the increasing awareness in emerging economies regarding new diseases. Owing to this, pharma companies are increasingly investing and engaging in research and development activities for the development of new drugs. The main focus of these activities is to be prepared in case animals start getting affected by new diseases.

It is due to such factors that the global animal pharmaceuticals market is predicted to register considerable growth in the years to come. On the basis of animal type, the market is divided into production animals, including poultry and livestock, and companion animals, including equine, canine, and feline. Among these, the companion animals’ category accounted for the larger share of the market in the past. Other than this, the production animals’ category is expected to advance at a faster pace in the years to come, which can be attributed to the increasing awareness regarding livestock-related diseases.

Geographically, North America held the largest share of the market in the past, owing to the swift urbanization, surging consumption of meat and milk products, and higher standard of living. Apart from this, the demand for animal pharmaceuticals is also projected to rise substantially in Asia-Pacific, thereby making the region the fastest-growing animal pharmaceuticals market in the near future. This can be owing to the growing export of animal products, which is compelling farm worker and owners to maintain the health of farm animals. Moreover, the improving li

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Demand for Low-Speed Electric Vehicles in Asia-Pacific Growing due to Favorable Government Policies

 The adoption of electric vehicles in Asia-Pacific (APAC), particularly in countries including India and China, has increased considerably over the past few years. This can be primarily be attributed to the increasing awareness among people regarding the swift deterioration of the environment. In addition to this, governments of different countries are also trying to encourage the adoption of electric vehicles for keeping the air quality in check and reducing the surging air pollution levels. Governments are providing incentives such as subsidies, tax rebates, and grants on the purchase of electric vehicles in the APAC region. 

Different types of two-wheeler LSEVs are mono wheel, scooter, motorcycle, kick scooter, and bike. A major for the growing adoption of these vehicles is the decline in prices of batteries. Because of technological advancements, manufacturers have been able to reduce the price of batteries, which are the main power source for LSEVs. Other than this, the demand for lithium-ion (Li-Ion) batteries over sealed lead-acid (SLA) batteries has been growing as well. Li-Ion batteries are smaller in size and lighter in weight as compared to SLA batteries, owing to which, their demand is projected to increase significantly in the coming years, despite their higher cost. 

LSEVs have different voltages– 72 V, 60 V, 48 V, 36 V, and 24 V. Among all these, the demand for LSEVs with voltage 48 V was the highest in the past, and adoption of these vehicles is further expected to be the highest in the near future as well. 48 V batteries are highly preferred by electric three-wheeler and two-wheeler original equipment manufacturers. Other than this, the demand for batteries with 72 V is also projected to increase significantly in the coming years, which is because of the increasing demand for high-speed micro-cars and scooters in APAC. 

Within the region, China has emerged as the largest APAC LSEV market in recent years, which can be primarily attributed to the favorable government policies and swiftly increasing urban population in the country. The Chinese government is highly bent upon electrifying public transport, which is expected to lead to the growing adoption of LSEVs in the country in the years to come. In addition to this, a large number of major players in the domain are concentrated in China. 

Hence, the demand for LSEVs in APAC is increasing because of the degradation of the environment and supportive government policies. 

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Why Is Demand for Cyber Security Solutions in South America Rising?

From 4.528% in 2001, the percentage of the Brazilian population with access to the internet rose sharply to 67.471% in 2017, as per the World Bank. Similarly, the numbers for Argentina stood at 9.781% in 2001 and 74.295% in 2017. The increasing penetration of the internet in South America has been followed by rapid digital transformation and the internet of things (IoT) revolution. An increasing number of companies are migrating their data to computer servers, while internet-connected sensors are being used in the region for smoother traffic and more-efficient industrial operations.

Numerous technology companies are entering the region with an array of cybersecurity solutions and services to deal with such cyber threats. Of these, solutions currently witness the higher demand on account of the rising adoption of comprehensive packages to thwart any intrusion attempt at networks and servers. The wide range of cybersecurity solutions available includes identity and access management (IAM), risk and compliance management, security and vulnerability management, firewall, intrusion detection system (IDS)/intrusion prevention system (IPS), encryption, disaster recovery, unified threat management (UTM), distributed denial of service (DDoS) mitigation, web filtering, data loss prevention, and antivirus/antimalware.

The key trend in the South American cyber security market is the integration of such solutions with machine learning (ML) and artificial intelligence (AI). Along with encryption models, AI helps detect potential attacks and take action to prevent them. Further, by learning from such encounters, the AI component automatically scans the IoT environment and encrypted internet traffic for unusual patterns, thus improving the network security infrastructure. Similarly, in an age when the amount of data consumed is rising massively, ML is being leveraged to process and study the data to predict and identify anomalies, for better cyberattack analysis.

Due to such technological advancements, cybersecurity solutions are becoming popular in the region’s government, aerospace and defense, IT and telecom, banking, financial services, and insurance (BFSI), retail, healthcare, education, manufacturing, and hospitality sectors. Among these, aerospace and defense companies generate the highest demand for cybersecurity solutions and services owing to the rising investments in cyber defense. Additionally, BFSI firms also require a robust cybersecurity infrastructure, as their servers hold massive amounts of consumers’ financial data, which is the first thing cybercriminals look for.

Brazil held the largest share in the South American cyber security market during the historical period, and it will maintain its dominance. In 2017, almost 50% of the cyberattacks in the region were targeted at Brazil, while during 2015–2016, attacks on the websites of Brazilian companies and government agencies skyrocketed by 270%! During the forecast period, the highest CAGR in the market is projected to be witnessed in Peru owing to the increasing number of internet users and adoption of advanced technology in its public sector.

Thus, as digital transformation in the region attracts cybercriminals, the de

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How Is Food Processing Sector Supporting MEA Industrial Refrigeration Systems Market Growth?

 The growth of the food processing industry in countries like Qatar and Saudi Arabia will play a vital role in the advancement of the MEA industrial refrigeration systems market. In the coming years, the region will witness a substantial rise in consumption of ready-to-eat meal and number of food outlets, owing to which the demand for refrigeration systems will surge exponentially. The industrial refrigeration systems will be used by the food processing sector and restaurants to retain the freshness and nutrition of food items and drinks. 

Moreover, booming demand for refrigeration solutions from the chemical and oil refining industries will also drive the market in the forecast years. The oil refining industry require refrigeration for preservation of compounds, dehumidification of air, and condensation of gases. The Middle Eastern nations like Kuwait, Saudi Arabia, Qatar, and Iran are some of the largest suppliers of petrochemicals in the world, due to the presence of numerous oil fields. Whereas, the chemical industry needs refrigeration systems to maintain the temperature of finished and semi-finished products and raw materials. 

Currently, the practice of using natural refrigerants, such as water and carbon dioxide (CO2), is providing lucrative opportunities to companies operating in the MEA industrial refrigeration systems market. This is because the application of CO2 offers higher efficiency than the other refrigerants like chlorofluorocarbon (CFC), hydrofluorocarbon (HFC), and hydrochlorofluorocarbon (HCFC). Moreover, the non-hazardous property of CO2 makes it a more viable option than other chemicals. Unlike other refrigerants, CO2 does not lead to ozone layer depletion.  

The equipment segment of the MEA industrial refrigeration systems market is categorized into controls, compressors, evaporators, condensers, and others including, vessels, pumps, auxiliary equipment, and valves. Among these, the compressors category accounted for the largest market share in 2017, owing to the highest cost of this equipment. Whereas, the controls category is expected to display the fastest growth during the forecast period. This can be attributed to the cost advantages offered by the controls by enhancing overall efficiency, while offering additional customization features. 

Geographically, the U.A.E. dominated the MEA industrial refrigeration systems market in 2017 and it is expected to register the highest growth in the forecast years. This can be ascribed to the hot climate and huge influx of tourists in the country. A surge in the number of tourists has a positive impact on the food and beverages sector, which further supports the market growth. Additionally, the expansion of the food and beverages industry in the country is also driven by the increasing purchasing power and rising expats. 

Thus, the expansion of food processing, chemical, and oil refining industries in MEA countries will boost the market growth in the near future. 

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Ultrasound Device Market to Grow due to Rising Incidence of Chronic Diseases

There was a time when people used to be scared if they heard the doctor say that they have to go through a surgical procedure for therapeutic purposes. However, now the situation has changed radically, and due to technological advancements, the preference for minimally invasive surgeries has been increasing rapidly. A minimally invasive surgical procedure is associated with safety and lower postoperative patient morbidity as opposed to the traditional approach for the same operation. Since the emergence of this technique, it was predicted that more than 80% of all surgical procedures will be performed with some form of minimal invasiveness.

These procedures often make use of ultrasound devices; thus, their growing prevalence is also resulting in the rising need for ultrasound devices. In these devices, ultrasound waves are produced by a transducer that emits ultrasound waves, as well as detects the ultrasound echoes which are reflected back. The transducer sends out a beam of sound waves into the body, which are sent back to the transducer by the tissues in the path of the beam. The echoes generate electrical signals that are sent to the ultrasound scanner, which then calculates the distance from the transducer to the tissue boundary. These distances are utilized for producing 2D images of tissues and organs.

Attributed to the rising need for these devices, the ultrasound device market is expected to advance at a considerable pace in the years to come. Diagnostic and therapeutic are the two types of ultrasound devices. The demand for diagnostic ultrasound devices was higher in the past, owing to their extensive usage for producing images inside the body in a non-invasive manner.s The demand for therapeutic ultrasound devices, which are used for interacting with tissues in the body for modification or destruction purposes, is also projected to rise significantly in the near defuture.

These devices can be cart/trolley-based or portable/handheld/compact, between which, the demand for portable/handheld/compact devices is predicted to grow faster in the coming years, owing to their ease of use in remote locations. Ultrasound devices have a number of applications, namely obstetrics and gynecology, cardiology, urology, general radiology/imaging, and vascular. While the demand for ultrasound devices was the highest for general radiology/imaging applications in the past, their requirement for cardiology applications is also expected to grow substantially in the near future. This can be majorly ascribed to the surging prevalence of heart diseases across the globe.

In the past, Europe emerged as the largest ultrasound device market, which is owing to the rising preference for minimally invasive procedures and increasing number of product approvals in the region. In addition to this, the surging incidence of chronic diseases is also resulting in a rising requirement for diagnostic and therapeutic ultrasound devices in Europe. Other than this, the demand for these devices is also projected to rise in the Asia-Pacific region in the years to come.

Hence, the requirement for ultrasound devices is rising due to the growing preference for minimally invasive procedures and increasing prevalence of chronic diseas

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Why are Troubled Teens the Key Driver for European Drug of Abuse Testing Market?

 For many people in Europe, especially emotionally disturbed teens, drugs are their best friends! But, as everyone knows, whether an addict or not, drugs are not good. Though they help people escape their troubles for a while, they lead to long-lasting ill-effects, such as risk of AIDS and hepatitis C. Due to the increasing concerns among relatives and friends about drug abuse by their loved ones, they are rapidly using methods to test the presence of such substances in the body of suspected users.

Apart from out of genuine concern, DOA testing is also done to establish doping, for legal purposes, maintain decorum at the workplace, and for medical diagnosis. The process can be accomplished with the help of several consumables, such as assay kits and reagents and rapid test kits, as well as a range of equipment, including breath analyzers, chromatography instruments, and immunoassay analyzers. Of the various consumables available, rapid test kits were the most widely adopted in the past, owing to their heavy usage in point-of-care testing centers, for mandatory screening, legal, and diagnostic purposes.

Such tests are done at laboratories, hospitals, homes, and workplaces, among which hospitals account for the largest volume. This is because as drugs lead to serious health issues and overdose is potentially fatal, users often end up in hospitals. At such places, advanced equipment and trained professionals are deployed, who undertake the testing. Moreover, in Europe, efforts are on to better the healthcare infrastructure, which include procuring modern medical devices and equipment, including those which are used for the determining the presence of DOA in the body.

The testing volume is rising in other settings too; for instance, laboratories generally offer more cost-effective services than hospitals, which is why an increasing number of people are preferring such centers for DOA testing. Moreover, the rules in workplaces regarding drug usage are becoming stricter, and many companies are implementing testing programs for their employees, to track any risky behavior. Similarly, concerned parents are using these tests at home, especially on troubled teenagers, among whom the usage of drugs is rising fast.

As per the European Monitoring Center for Drugs and Drug Abuse (EMCDDA) in 2019, 17.5 million people in the 15–34 age group were cannabis users. Similarly, 2.6 million used cocaine, 2.1 million were MDMA users, and 1.2 millions used amphetamines. People in this age group, the younger ones especially, go through all kinds of mental stress, caused due to parent and peer pressure, relationships and break-ups, bad grades, childhood trauma, and sexual abuse, which often drives them to drug addiction.

The largest DOA testing market in Europe has been the U.K., and the situation will be the same in the coming years, owing to the growing problem of drug abuse in the kingdom. According to the National Health Service (NHS), in 2018–19, 7,376 people were admitted to the hospital with drug-induced mental and behavioral disorders, which was a 30% increase from the 5,668 admissions reported in 2008–09.

Therefore, with the growing issue of DOA usage in Europe, the volume of tests is swiftly rising.

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3D Printing Materials Offering Better Results for Manufacturing Sector

Manufacturing firms are using 3D printing to explore opportunities offered by additive manufacturing. Production units are integrating additive manufacturing into their organization to yield faster and better results. Over the years, 3D printing has gained popularity in additive manufacturing, which was previously based on the subtractive process in which wasted raw materials are reused several times. For example, automotive production facilities use left-over metal sheets to develop metal plates to be reused for the manufacturing of other parts. However, in recent years, the usage of 3D printing materials has escalated, due to the growing adoption of 3D printing technology. 

Moreover, the automobile industry is also using 3D printing materials in large quantity as 3D-printed vehicle components are lightweight and consume less energy during manufacturing process. This sector uses the 3D printing technology to design automotive parts that have complex geometries and are difficult to develop using conventional methods. With the booming sales of automobiles, especially in countries like India, Brazil, Indonesia, and China, the consumption of such materials will escalate in the coming years. 

Apart from the manufacturing, automotive, and education sectors, the aerospace and defense industry also uses 3D printing materials like plastics, ceramics, and metals to produce gigantic and complex parts. This is due to the growing adoption of 3D printing-integrating manufacturing technique in this sector. The industry mostly uses titanium to print prototypes or parts through 3D technique. Titanium is one of the most expensive substances used in production process of aircraft components. Additionally, these printing materials also find wide application in the production of consumer goods and medical and dental products.

Owing to the mounting demand for 3D printing materials from various sectors, market players like Stratasys Ltd., Formlabs Inc., Solidscape Inc., 3D Systems Corporation, The ExOne Company, EnvisionTEC GmbH, Royal DSM, and LPW Technology Ltd. are introducing several varieties of such products and 3D printing equipment. These companies are focusing on product launches and partnerships to expand their customer base. For example, EnvisionTEC, in February 2018, introduced Vida cDLM, a large, high-speed 3D printer to allow dental professionals to print 3D orthodontic models and mouth guards in reasonable time.  

In the coming years, North America is expected to register the highest sales of 3D printing materials, owing to the strong presence of established players and rapid growth in the usage of 3D printing technology. Moreover, rising adoption of this technology in the medical and dental sector will accelerate the usage of such materials in the region. However, the Asia-Pacific (APAC) 3D printing materials market will exhibit the fastest growth during the forecast period, due to the hefty investments in research and development (R&D) and supportive government policies regarding 3D printing technology. 

Thus, the growth in the automotive, manufacturing, aerospace and defense, and education sectors will amplify the usage of 3D printing materials in the near future.   

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