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Thin Film Battery Market – Positive Long Term Outlook Growth 2016-2024

In common parlance, thin film battery can be defined as any battery which is comparatively thinner as compared to other typical batteries. In thin film batteries, instead of liquid based Li-ion batteries, solid-state electrolyte is used. These electrolytes greatly improve the performance of a battery and its ability to function over a wide temperature range makes its appropriate for use for various applications. The various advantages associated with the use of thin film battery in electronics include lower cost potentially, smaller footprint, less weight and higher energy density. Moreover, thin film batteries have a flat shape and thus enabling the developers to have an option of fitting in a battery according to their plans.

 

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Thin film battery market is expected to grow as a result of various factors such as increasing application of thin film battery in smartphones and phablets coupled with its use in sensor networks. Internet of things in this regard has contributed a great deal for the growth of the market. The increasing demand for wearable devices like such as smart watches and health tracker among others has further propelled the demand for thin film batteries. These devices make use of small batteries as it enables the manufacturers to design them within a manageable size. This factor further enables the manufacturers to focus upon the product development. These kind of batteries can also fit in a vest or a shoe and thus enabling the functionality of wearable electronic. Moreover, the ability of thin film batteries to perform better as compared to other kind of batteries makes its adoption even more common. Furthermore, smart computing is another important factor contributing to the growth of the thin film battery as these devices require inexpensive, reliable and smaller batteries that also provide better battery backup. As a result of its reduced size, these batteries provide unique solutions a wide range of power source problems. Radio Frequency Identification (RFID) devices is another area of application where thin film batteries finds immense application as RFID technology is widely used across various businesses to keep a check on the tracking of shipments. Thin film batteries are also finding application in Transcutaneous Electrical Nerve Stimulation (TENS) devices and drug patches. In both the mentioned applications, the devices are required to have the power source built in order to it becoming bulkier. These factors in combination are expected to contribute to the growth of the thin film battery market positively during the forecast period from 2016 to 2024.

 

However, despite the end number of benefits associated with thin film batteries, there are restraints present. One of the noticeable challenges being faced by the thin film batteries includes the shorter operational life as compared to a typical battery. Balancing between the the current rate, the battery capacity and the battery volume is another challenge faced by this battery.

 

Based on technology, the thin film battery market can be segmented into four categories; Thin-film lithium, Thin-film lithium polymer, Zinc based thin-film, solid state, advanced lithium-ion, laminar fuel cells, stretchable, transparent and others.

 

The application segments of the thin film battery market will include mart cards and RFID, WSNs, smart wearables, electronic textiles, Internet of Things, smart packaging interactive media, toys, medical applications, portable electronics among others.

Geographically, the thin film battery market has been categorized into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

 

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Some of the key players operating in the photovoltaic device market are Solicore, Blue Spark Technologies, ITN Energy Systems, FlexeI, Samsung SDI, BrightVolt. Front Edge Technology, Imprint Energy, Rocket Electric, Prelonic, Jenax, Cymbet, STMicroelectronics and NEC among others.

 

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Public Cloud Services Market Driven by Rising Adoption of Cloud Services for Production Systems

The public cloud services are provided by cloud computing model in a virtualized environment where services (application, storage and resources) are made available by shared physical resource and is accessible over a public network. So Public cloud services make applications and resource storage available to public through internet. Public cloud services enables end-user of any organization to use same services (platform, service or infrastructure) without knowing where the data would be stored and located.

 

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The public cloud service offers storage of non-sensitive content, remote access to IT infrastructure, online office applications, webmail and online document collaboration from multiple locations. These services are offered either on free or pay-per-usage basis. It provides an alternative to on-premise applications and storage resources to the end-user. With the rise in trend adopting digital business approach and in order to reduce the expense towards maintenance and support systems for business continuity, organizations are shifting to public cloud services. The public cloud services are mostly adopted by businesses that require large investment in infrastructure which manage applications consumed by multiple users.

 

Public Cloud Services Market: Key Growth Drivers

 

The major driving factors for the growth of global public cloud services market are rise in adoption of cloud services for production systems, Consumerization of IT sector and proliferation of internet. The other factors contributing to the growth of global public cloud services market are cost reduction, scalability and interoperability features, instant provisioning of services, low management and minimum investment in computing resources. However, data location reliability, security, data protection and slow internet connection collectively restrain the growth of global public cloud services market. Some other factors affecting the growth of public cloud services regionally are local economic factors, diverse landscape of local and global providers and regulatory issues.

 

The financial enterprises are expected to further expand the growth of global public cloud services market. The financial enterprise use public cloud services across retail banking platforms, websites and mobile applications. The Banking institutes such as De Nederlandsche Bank (DNB) in Netherlands and NASDAQ, a financial services provider in the US have adopted public cloud services and are gaining benefits of it.

 

Public Cloud Services Market: Segmentation

 

The global public cloud services market is segmented on the basis of service vertical, end-use adoption, enterprise and geography. On the basis of service global public cloud services market is segmented into Software-as-a-Service, Infrastructure-as-a-Service, Bussiness Process-as-a-service (BPaaS) and Platform-as-a-Service. In terms of end-use adoption, the global public cloud services market is segmented as IT and telecommunication, transportation, media, government, defense and others.

 

The others segment includes education and resource industries. The enterprise segment of global public cloud services market includes small and medium enterprises (SMEs) and large enterprises. Moreover, the geography segment consist of North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

 

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Public Cloud Services Market: Competitive Landscape

 

Rackspace Inc. is one of the leading provider of public cloud services in North America. It provides public cloud for corporate website building and can power critical workloads. It offers services in North America, Europe and Asia Pacific.

 

Some of the other key players of global public cloud service market are Amazon Web Services LLC, Oracle Corporation, Akamai Technologies Inc., Novell Inc., Microsoft Corporation, Netsuite Inc., Red Hat Inc. and Terremark Worldwide Inc. Some of the public cloud service platforms provided by organizations includes Google AppEngine, Amazon Elastic Compute Cloud (EC2), Sun Cloud, IBM's Blue Cloud and Windows Azure Services Platform.

 

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Air Bags Packaging Market Driven by Increasing Growth in E-commerce Industry

Packaging plays an important role for attracting the customers towards the product offered by the manufacturers. Apart from that, packaging is also used for protection during transportation, identification as well as it aids to differentiate from the competitors’ products available in the market. Air bags packaging is one of the most popular packaging solutions adopted by food & beverages, pharmaceutical and electronics product manufacturer. The demand for air bags packaging is gaining traction, owing to its light weight and its flexible nature to pack different product forms in same pack format.

 

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Air bags Packaging: Market Dynamics

 

Global air bags packaging market is primarily driving by the increasing growth in e commerce industry as air bags packaging is used widely preferred packaging solutions in the e commerce industry. Also, air bags packaging is anticipated to be driven by the growing demand of third party logistics across the globe. Third party logistics providers focus in warehousing, integrated operation, and transportation services. Third party logistic providers are adopting air bags packaging for packaging solutions. Moreover, air bags packaging minimizes the shipping costs of the manufacturer owing to the property of its light weight. Air bags packaging is extensively used for packaging consumer durable products that in turn accelerates the demand of air bags packaging market during the forecast period. Furthermore, mounting growth of pharmaceutical industry is positively influencing the demand of air bags packaging market. Air bags packaging is used as packaging solution for automotive parts which is expected to further propel the growth of air bags packaging in the upcoming decade. Air bags packaging is also used in the beverages packaging especially for wine that is expected to intensify the growth of the market. Over the past few year, air bags is used as a packaging solution for industrial goods. But some government regulations regarding the usage of plastic can pose a challenge for the air bags packaging market. Manufacturers of air bags packaging are now using biodegradable plastic as an alternative material.

 

Air bags packaging: Market Segmentation

 

The global air bags packaging market is segmented on the basis of application, material type, function and distribution channel

 

Based on the application the global air bags packaging market is segmented into:

 

Food

Beverages

Electronics & semi-conductor

Pharmaceutical

Industrial goods

Automotive parts

 

Based on the material type, the global air bags packaging market is segmented into:

 

PVC

PS

PE

Others

 

Based on the function, the global air bags packaging market is segmented into:

 

Void Fill

Cushioning

 

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Air bags packaging Market: Regional outlook

 

In terms of geography, the global air bags packaging market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. North America is expected to remain its dominance during the forecast period owing to the huge growth of pharmaceutical along with the healthy growth of cosmetic & personal care industry. Europe is also expected to witness slightly slower growth due to the mature market. Asia pacific region is anticipated to register highest CAGR as compare to the other region due to the healthy growth of e commerce industry in developing economies. But Latin America and Middle East & Africa region is expected to witness very slow growth in the next decade.

 

Air bags Packaging Market: Key players

 

Some of the key players in the global air bags packaging market are Airpack, S.p.A, Inflatable Packaging, Inc., Smurfit Kappa Group Plc., and Bayer Corporation etc. Many unorganized players are also presence in the market for that key players are focusing to mergers & acquisition activity to penetrate into the developing countries.

 

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Case Packer Machine Market Driven by Rising Demand for New Packaging Machines

Packaging encompasses an essential part of the marketing mix for any product or brand. There is a growing demand for new packaging machines that is suitable for changing requirements of the packaging industry. Case packer machine is one of the important machinery for packaging production. Moreover, manufacturers are inclined to adopt case packer machine owing to the multiple purposes of the machine in a single unit that aids to minimize the time. Also, manufacturers are also interested to save the labor cost owing to the increasing wages in developed countries.

 

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Case packer machine: Market Dynamics

 

Global case packer machine market is primarily driven by the food industry during the forecast period, due to the massive usage of this product in the packaging of various food products such as snacks, confectionary and bakery. Increasing competition in the fast moving consumer goods is expected to propel manufacturers to use case packer machines to provide the products in a fast pace. Case packer machine reduces the production duration which can create a massive impact in the delivery of the product. On the other hand, case packing, case filling and case sealing operations can be done into a single unit which is expected to propel the growth of the case packer machine market. Apart from that, case packer machine is able to produce packaging solutions for different alcoholic & nonalcoholic beverages that in turn escalates the sales of case packer machine during the forecast period. Now a days, labor cost is also rising particularly in the developed economies that is positively influencing the demand of case packer machine in the near future. Moreover, conventional case packer machine occupies large area of valuable floor spaces in the plant which is expected to hinder the growth of the market. In addition, case packer machine provides high volume output which can exceed the requirement of the small organizations.

 

Case packer machine: Market Segmentation

 

The global case packer machine market is segmented on the basis of automation mode, end user and machine type:

 

Based on the automation mode the global case packer machine market is segmented into:

 

Automatic

Semi-automatic

 

Based on the end user the global case packer machine market is segmented into:

 

Food

Beverages

Pharmaceutical

Cosmetic & personal care

The beverages segment can be sub segmented such as alcoholic & non alcoholic

 

Among all the end user segment, food segment is expected to generate maximum revenue during the forecast period

 

Based on the machine type, the global Case packer machine market is segmented into:

 

Horizontal

Vertical

Overwrapping

Robotic

Others

 

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Case packer machine Market: Regional outlook

 

In terms of geography, the global case packer market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia Pacific region is expected to grow at a high rate during the forecast period due to the presence of developing countries such as India and China where the demand of the product is very high. North America and Europe are expected to witness moderate growth in the near future. But some developed countries in Europe such as Germany, England and France are expected to grow in a slower pace owing to the saturation in the market. However, Middle East and Africa region is expected to be slothful in the next half of the decade.

 

Case packer machine Market: Key players

 

Some of the key players in the global case packer machine market are STANDARD-KNAPP, INC., EconoCorp Inc., PT. Wasindo Panca Mitra, Advantage Machinery services, Inc., DS Smith Packaging Limited, Bosch Packaging Technology Inc., Cama Group etc. Key players also emphasizing for mergers and acquisitions with the local players to increase the product portfolio and also to penetrate their business into emerging countries.

 

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Moisture Barrier Bags Market Driven by Consumer Preference for Packaged Food Due to the Fast Lifestyle

Packaging has become a vital constituent of modern life due to the ease of transportation, storage and inclination of the consumer towards a wide usage of bags. Moreover, food products, health supplements and electronic components are some of the things that have witnessed improvements regarding demand over the last few years and are more easily available due to an effective packaging solution. Moisture barrier bags are one of the effective packaging solutions that provides all the features related to high performance during transportation & storage and provide moisture, corrosion and shielding protection for sensitive products and components. These moisture barrier bags are also known as foil bags or mylar bags.

 

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Moisture Barrier Bags Market- Market Segmentation:

 

The moisture barrier bags market can be segmented on the basis of product type, packing type, material type and end use type. On the basis of product type, moisture barrier bags market can be segmented into static shielding moisture barrier bag and poly moisture barrier bags. Static shielding moisture barrier bags are used for electronic components, whereas as poly moisture barrier bags are suitable for food and health care supplements. On the basis of packing type, moisture barrier bags market can be segmented into zip top bags and heat seal bags, where in zip top bags are re-usable in nature due to re-close feature. On the basis of material type, moisture barrier bags market can be segmented into dissipative polyethylene, laminate polyester, laminate nylon, and foil. On the basis of end use moisture barrier bags market can be segmented into electronic components, food & beverage products and health supplements.

 

Moisture Barrier Bags Market- Market Dynamics:

 

One of the significant factors contributing towards the growth of moisture barrier bags market is the consumer preference for packaged food due to the fast lifestyle, convenience and health issues. Moreover, another factor towards the growth of moisture barrier bags is the government regulation towards food safety and quality standard, which influencing manufacturer for an effective packaging solution that can preserve the food from being contaminated and increase the shelf life. Another important factor towards the growth of moisture barrier bags market is the increasing modern retail due to its vast adaptability and increasing disposable income among consumers globally. Another factor that is fueling the growth of moisture barrier bags market is the increasing demand for pharmaceutical product and medicine through e-commerce channel. Furthermore, the rise in the usage of the electronic component in the key industrial sectors is another factor contributing towards the growth of moisture barrier bags market. However, government regulation towards the use of plastic is expected to hamper the growth of moisture barrier bags market. Moreover, the high cost of moisture bag packaging is considered as another restraining factor towards the growth of moisture barrier bags market. Furthermore, the usage of heat seal bags is expected to hinder the growth of moisture barrier bags market due to its non-reusable nature.

 

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Moisture Barrier Bags Market- Regional Outlook:

 

Geographically, the moisture barrier bags market can be segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The growth of global moisture barrier bags market is expected to witness a healthy CAGR over the forecast period of 2016-2024. Moreover, Asia-Pacific is expected to witness a high growth of moisture barrier bags market due to the rising consumption of food products. The demand of the moisture barrier bags market is expected to witness an above average growth in North America due to the higher adoption of moisture barrier bags for commercial and industrial use.

 

Moisture Barrier Bags Market- Major Players:

 

Some of the major players identified across the globe in the moisture barrier bags market are Protective Packaging Corporation, Digi-Key Corporation, 3M Company, Texas Technologies Inc., Dou Yee Enterprises (S) Pte Ltd, Teknis Limited, Advantek, Inc., Katzke Paper Co., IMPAK Corporation and Hisco, Inc.

 

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Pressure Sensitive Tape Market Driven by Rampant Growth of Corrugated Materials Used for Packaging

The Global packaging industry has shown a number of technological advancements in the last couple of decades. As a result, the industrial tape market is undergoing huge changes and the focus is on offering innovative tape product to various industries. The introduction of pressure sensitive tapes over traditional gummed, water-activated and heat-activated adhesive tapes has provided manufacturers with a wide range of packaging advancements. Generally, the pressure sensitive tapes consist of a pressure-sensitive adhesive that is coated onto a backing material such as plastic, paper, film, cloth or metal foil. The highlight of pressure sensitive tapes is that they can be used on any kind of packaging material without the need for a solvent (such as water) or heat for activation. The cost competitiveness coupled with superior label quality offered by pressure sensitive tapes is expected to encourage a significant growth in the pressure sensitive tape market over the forecast period.

 

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Pressure Sensitive Tape Market - Market Dynamics:

 

One of the significant factors contributing to the growth of the pressure sensitive tape market is the rampant growth of corrugated materials used for packaging. Moreover, growing consumption of pressure sensitive tape in the automotive and construction segment is expected to raise the demand for pressure sensitive tape over the forecast period. Furthermore, owing to its properties such as better adhesive holding power, improved moisture resistance, better conformability and instant adhesion, pressure sensitive tape is suitable for all types of packaging material. Characteristics such as compatibility with various sterilization forms and its non-toxic nature will further drive growth in the pressure sensitive tape market over the forecast period.

 

Ease of entrance in the market has resulted in increasing competition in the global tape market. This has encouraged vendors to introduce new and advanced forms of pressure sensitive tapes like the double sided acrylic tape with high performance. Today, most of the pressure sensitive tape companies are focusing on highly efficient eco-friendly recovery technology for adhesive coating. This is expected to be the next growth opportunity for pressure sensitive manufacturers over the forecast period.

 

However, the pressure sensitive tape market is a highly fragmented market due to the presence of numerous regional and local players. These manufacturers offer innovative packaging solutions related to tape at price much lower than that charged by multinational players. This has resulted in an intense price war. It is expected that large multinational players will acquire small regional and local players over the forecast period.

 

Pressure Sensitive Tape Market- Market Segmentation:

 

Global Pressure sensitive tape market is segmented on the basis of product, backing material, and application. On the basis of product, the pressure sensitive tape market can be segmented into cartoon sealing tape, masking tape, double sided tape, electrical tape, and others. On the basis of backing material, the pressure sensitive tape market can be segmented into polypropylene, paper, PVC, and others. On the basis of application, the pressure sensitive tape market can be segmented into packaging, building & construction, electrical & electronics, automotive, health & hygiene, and others.

 

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Pressure Sensitive Tape Market - Regional Outlook:

 

Geographically, the global Pressure sensitive tape market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). The global pressure sensitive tape market is expected to witness a significant CAGR over the forecast period of 2016-2024. Moreover, APAC dominates the global pressure sensitive tape market currently and this trend is expected to continue over the forecast period due to growing construction industry in the wake of population growth, government plan for infrastructure development and urbanization. Apart from this, ample availability of raw materials such as PVC, polypropylene, etc. in China is projected to fuel the demand for pressure sensitive tape market in the APAC region. North America is expected to follow APAC in pressure sensitive tape market over the forecast period. Rest of the world is expected to show a steady growth during the forecast period.

 

Pressure Sensitive Tape Market - Major Players:

 

Some of the major players identified across the globe in the Pressure sensitive tape market are Henkel AG & Co., KGaA, 3M company, The Dow Chemical company, Avery Dennison, Ashland Inc., and H.B Fuller.

 

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Semiconductor Coolers Market - Positive Long-Term Growth Outlook 2016-2024

Semiconductor coolers are thermoelectric coolers, also known as Peltier coolers or thermoelectric modules, which act as a heat pump. These coolers act when a low direct current (DC) voltage is passed through them. The voltage causes the semiconductor cooler to move the heat from one part of the cooler to another part, thus cooling the former area while heating the later area. Semiconductor coolers are generally made of alternating n and p type semiconductors, which results in cooling at the junctions of these semiconductors, while heat is being absorbed from the environment. Reversal of polarity of the DC voltage will cause a reversal in the cool and hot areas of the pump, thus allowing for temperature control of the semiconductor module in a precise manner. The same thermodynamic principle is also applied for portable refrigerators and beverage coolers, among others, however on a larger scale. In general, semiconductor coolers are accompanied by a heat sink, absence of which can lead to malfunctioning of the semiconductor module itself.

 

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The market for semiconductor coolers is growing at a very fast pace, primarily owing to the growing demand for electronic devices globally. Semiconductor coolers have wide array of applications across several industrial verticals. They can be found in inkjet printers, commonly used in households, while they are also used in complex semiconductor modules of aeronautical electronic devices. With the growth in Internet of Things (IoT), there is an ever growing demand for electronic devices. Such demand for electronics is fuelling the application of semiconductor coolers in these devices, since semiconductor coolers aids in effective power management and efficient heat dissipation. Thus it is positively impacting the growth of this market. Additionally, the growing penetration of consumer electronics, across the developing and under developed nations is also aiding in the growth of the semiconductor coolers market.

 

The global semiconductor coolers market can be segmented, by type, into single stage, multi stage and others. Single stage semiconductor coolers are more suited for medium to low heat dissipation requirements. These semiconductor coolers have several applications, such as maintenance of temperature range in ferroelectric detectors and bolometers, viscosity maintenance of inkjet printers and in fiber optic systems comprising of laser diode arrays, among others. Multi stage semiconductor coolers are more suited for high to medium heat dissipation requirements. These semiconductor coolers have several applications, such as thermal imaging equipments; radio hardened aerospace electronics and night vision equipments among others. By end use industry, the semiconductor coolers market is segmented into aerospace & defense, automotives, healthcare, consumer electronics and others. Multi stage semiconductor coolers are in high demand in the aerospace & defense domain, as the electronic devices used generates high amount of heat. Imaging devices, used in healthcare industry, also has a lot of applications of multi stage semiconductor coolers. The global semiconductor coolers market has been further segmented into five regions: North America, Europe, Asia Pacific (APAC), South America and Middle-East & Africa (MEA). By revenue, Asia Pacific had the largest market share in 2015, followed by North America and Europe. The higher market share of Asia-Pacific can be attributed to the presence of large number of local manufacturers of semiconductor coolers, coupled with higher demand for consumer electronics in the region and higher growth of industrial automation in manufacturing sectors among others.

 

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The major companies of the Semiconductor coolers market globally are Ferrotec (USA) Corporation (U.S.), KELK, Ltd. (Japan), Thermion Company (Ukraine), II-VI Incorporated (U.S.), TE Technology, Inc. (U.S.), Laird PLC. (U.K.), RMT, Ltd. (Russia), Wellen Technology Co., Ltd. (China), Hicooltec Electronic (China), Phononic, Inc. (U.S.), Merit Technology Group (China) and Tellurex Corporation. (U.S.) among various others.

 

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Communications Processor Market - Evaluation of Recent Industry Developments For 2016-2024

Communication processors are devices in communication systems that carry out operations on data such as processing or modifying the data or transferring data to different parts of the system. These processors are specifically optimized to support communication systems. The optimizations are built inside the processor’s software and/or hardware which enables it to perform its tasks in an efficient manner.

 

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Communications processors interface peripheral devices such as tape units, disk units, printers, terminals, and different networks with the host computer. Data transfer between the communications processor and the host computer is achieved through a high speed parallel interface, while the processor interacts with peripheral devices through serial interfaces and communications networks. Communications processors manage computer communications such as error check and correction, network control, protocol processing, data buffering and routing, and data format conversion. Thus, the use of such processors off-loads the host computer from tasks such as, transmitting/receiving messages and managing peripheral devices. A fundamental responsibility of these processors is traffic management which includes establishing and controlling communications between data terminal equipment, switching devices, intranet, and a host computer. Continuous research and development has resulted in the development of advanced communications processors with utilities for monitoring response time, event logging, diagnostic testing, system administration, and terminal status indication. Depending on the configuration, vendor, and the environment, communications processors are referred to as gateway switches, communications servers, hubs, front-end processors (FEPs), and controllers.

 

Communications processors are classified on the basis of their flexibility, features, and capabilities. These include the type of terminal equipment supported, aggregate bandwidth, and the host interfaces and protocols supported. To create a required configuration, the communications processor application software is customized, and this process is referred to as system generation. The growing need for multi-functionality on devices is the primary factor driving the communications processor market. Rising demand for wireless communication and the rapid growth of the global consumer electronics market is further fueling the demand of communications processors. The emergence of cloud computing and virtualization is further likely to boost the communications processor market. Multicore communications processors enable better network visibility, scalability, and manageability in supporting software defined networking (SDN) and the adoption of network functions virtualization (NFV) by telecom operators, cloud and web service providers. Such multicore processors are expected to further drive the global communications processor market.

 

The communications processor market can be segmented on the basis of communications systems, layer in the communication system, applications, and regions. On the basis of communications systems, the market can be further categorized into wired and wireless. Furthermore, on the basis layer in the communication, the market can be segmented into the physical layer, the control layer, and the network layer. Also, on the basis of applications, the market can be further sub-segmented into communications network infrastructure, consumer electronics, computer hardware, automotive, medical/healthcare, and industrial control and automation systems. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.

 

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The major players in the communications processor market include Avago Technologies, A Broadcom Limited Company, Cavium, NXP Semiconductors N.V., Intel Corporation, IXYS Corporation, Marvell Technology Group, Ltd., Microsemi Corporation, Qualcomm Inc., Texas Instruments, Inc., and Motorola, Inc.

 

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Skin Packaging Market Driven by Rise in Average Disposable Income in Developing Countries

Skin packaging is a type of paperboard packing, where the product is placed between a piece of paperboard and thin sheet of plastic. The printed paperboard commonly consists of heat-sealing coating. The plastic that is mostly used is LDPE, PVC, etc. It is one of the rapidly growing segments of the packaging industry. Skin packaging is widely used in institutional and consumer products and industrial applications to market, protect, and distribute a wide variety of products. Demand for skin packaging has increased in the past few years, led by various innovations and changing trends in the packaging industry. The fastest-growing product type is non-carded skin packaging. Plastic film is anticipated to be the fastest-growing material segment of the skin packaging market.

 

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Skin packaging is extensively used in food, consumer goods, and industrial goods. The utility of skin packaging arises from properties of sealing and strength. Skin packaging accounts for major share of the food sector in the past decade. Skin packaging is used in the packaging of foods, fresh produces, electronic products, electrical components, tools, and spare parts. The skin packaging value chain comprises raw material suppliers, manufacturers, distribution and supply channels, and applications.

 

Global Skin Packaging Market: Trends and Opportunities

 

Rise in average disposable income in developing countries coupled with increasing consumer demand and growth in the food industry is fueling growth of the skin packaging market. Various factors hindering growth of the skin packaging market are stringent rules and regulations, increasing environmental concerns, and growing number of substitutes.

 

Factors such as rise in global manufacturing activities, growing middle class population, rising consumption of meat products, and changing lifestyles in emerging countries such as India and China have increased the need for packaged products. This, in turn, has driven demand for skin packaging as it is required to distinguish the product, protect the product from contamination during handling, offer high visibility, transport through the supply chain, and store without damage.

 

Global Skin Packaging Market: Regional Outlook

 

In terms of revenue, Asia Pacific accounted for major share of the market, followed by Europe and North America in 2014. The skin packaging market in developing countries such as China and India are projected to grow at a higher rate from 2015 to 2023. China is estimated to grow faster than any other country due to increase in food consumption, rapid urbanization, and strong economic growth.

 

Global Skin Packaging Market: Competitive Landscape

 

Companies in the global skin packaging market are well-established, thus making it difficult for new companies to enter the market. Consumers prefer products from established players rather than new ones. The skin packaging market faces stiff competition due to the presence of a large number of both big and small firms. Mergers and acquisitions, new product launches, and partnerships and expansions are key policies adopted by companies to boost growth in the market.

 

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Key players in the market have strong distribution networks across the world as well as the economic strength to sustain them. The same cannot be said about new entrants in the market. It is essential to have a strong distribution channel for the skin packaging market to enable timely delivery of the product to customers whenever needed, as well as adhere to all rules and regulations laid down by various regulatory bodies.

 

Global Skin Packaging Market: Leading Players

 

Key players in the skin packaging market include E.I. DuPont De Nemours and Company, Linpac Packaging Limited, Sealed Air Corporation, Bemis Company, Inc., Clondalkin Group Holdings B.V., Display Pack Inc., The DOW Chemical Company, G. Mondini SPA, Berry Plastics Group, Inc. and Westrock Company. Several skin packaging manufacturers operate across the globe.

 

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Thermoform Packaging Market is Rising Rapidly With the Growing Trend of Fast Food

Packaging plays an important role in protecting the damage or contamination from air, moisture, and toxins. Thermoform packaging is one of those packaging which can be used as a protector of the product. Thermoform packaging defines things that are manufactured by heating plastic in a mold to construct a rigid packaging product of a distinct shape. Shaped material can either be a thin gauge or thick dependent on the type of transforming equipment used in the manufacturing process. Furthermore, the demand of the thermoform packaging is attributed to some properties such as lightweight, versatility, secure containment, visibility and posing tamper evidence.

 

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Thermoform Packaging Market: Dynamics

 

The global thermoform packaging market is driven by the increasing growth of food & beverages industry. Thermoform packaging is used in the food & beverages industry widely not only to maintain freshness but also provide protection during shipping and transportation. In addition to this, the demand for thermoform packaging is also gaining traction in the pharmaceutical industry. Blister pack, a product type of thermoform packaging is commonly used as packaging for pharmaceutical tablets, capsules to deliver barrier protection for shelf life of the product and also a degree of tamper resistance. Moreover, these products are used widely in the physician sample drug products and over the counter (OTC) products. Thermoform packaging protects the shelf life of the products which is expected to bolster further the sales of thermoform packaging, especially for the retail sector.

 

Thermoform Packaging: Market Segmentation

 

The global thermoform packaging market is segmented on the basis of product type, coating, material and end-use industry

 

Based on the product type, the global thermoform packaging market is segmented into:

 

Blister packaging

Clamshell packaging

Skin packaging

 

Based on coating, the global thermoform packaging market is segmented into:

 

Water

Solvent

Hot melt

 

Based on the material type, the global thermoform packaging market is segmented into:

 

Plastic

Aluminum

Paper & paper board

 

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Thermoform Packaging Market: Regional Outlook

 

In terms of geography, the global thermoform packaging market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa. Asia Pacific region is expected to be the fastest-growing region during the forecast period. Growing food & beverage and pharmaceutical industries particularly in the emerging economies of Asia Pacific is expected to propel further the demand for thermoform packaging. The growing demand for packaged food products is expected to boost the demand of thermoform packaging in Europe. Among all the countries in Europe, Germany is expected to dominate the Europe thermoform packaging market over the forecast period.

 

Thermoform Packaging Market: Key players

 

Some of the key players in the global thermoform packaging market are Amcor Limited, Westrock Company, Tekni-Plex, Inc., DS Smith PLC, Anchor Packaging, E.I. Du Pont Nemours and Company, Sonoco Products Company, Display Pack Inc etc.

 

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Wafer Level Packaging (WPL) Market - Positive Long-Term Growth Outlook 2016-2024

A system of packaging used to package Integrated Circuits (ICs), in semiconductor industries, is called Wafer Level Package (WLP). ICs are very fragile and are prone to contamination. Improper packaging of ICs can lead to its inappropriate functioning. And, since Wafer level Packaging is used to package these frail ICs it is of crucial importance. WLP finds application in the ICs which are used in portable consumer electronic devices such as smart phones. Rising demand of the consumers for technologically improved mobile devices capable of carrying out a variety of functions in a single small end product is one of the main factors propelling the market for WLP technology. Moreover, low cost of the wafer level packaging in comparison to the conventional method of packaging is expected to amplify the market for WLP technology during the forecasted period.

 

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Currently, the global WLP market has witnessed significant growth due to the change in infrastructure of the electronics industry and the expanding demand for the portable consumer electronic devices. High performing compact electronic devices and the cost efficient packaging in the semiconductor packaging industry are the main factors driving the WLP technology market. In addition, speedy advancements of the fabrications of integrated circuits are aiding the growth of the WPL technology market in semiconductor packaging industry. This is mainly because intrinsically wafer level packaging is chip size package and has a very small form factor. Wafer level packaging is cost effective compared to die level packaging. Therefore, an increase in the wafer size, or a decrease in the die size in the die level packaging causes the packaging cost of the ICs to become higher than the cost of manufacturing ICs. Whereas, in wafer level packaging it is possible to compare the per unit wafer cost to the total IC cost. This implies that WLP is more cost efficient for decreased die size or increased wafer size. Hence IC manufacturers are incorporating WLP in their designs.

 

Wafer level packaging technology also helps in minimizing the consumption of electricity, has prolonged battery life for cell phones, and has a compact structure which aids the manufacturers to develop and design ultra-thin cell phones.. Despite all these, there are certain factors which is restraining the growth of the WLP market. One such factor is the fluctuation in certain physical properties of the WLP technology, like the coefficient of thermal expansion of the materials of the wafer technology as compared to the materials of Integrated Circuits (ICs). Coefficient of thermal expansion of materials reduces the durability of WLP, thereby reducing its lifespan. This is expected to effect the consumption of WPL in an adverse manner since people prefer durable products with long life span as opposed to non-durable products with short life-span.

 

The main opportunity for the WPL market is the increasing trend in the usage of ultra-thin android cell phones in both developed and developing countries. Wafer level packaging is a major component for these generation of smart phones. And, an increasing demand for these cell phones necessarily implies an increase in demand for WLP in the near future.

 

The global Wafer Level Packaging (WLP) market can be segmented on the basis of integration, technology, application and geography. By integration, the WLP market can be sub-segmented as integrated passive device, fan in WLP, fan out WLP, and through-silicon via.By technology the global WLP market can be categorized as flip chip, compliant WLP, conventional chip scale package, wafer level chip scale package, nano wafer level packaging, and 3D wafer level packaging. On the basis of application the global wafer level technology market can be sub-divided into industrial, automotive, medical, consumer electronics, defense, and aerospace. By geography the global WLP can be categorized as North America, Asia-Pacific, Europe and the Rest of the World (RoW).

 

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The key players in the global WPL market include STATS ChipPAC Ltd, NemotekTechnologie S.A., Chipbond Technology Corporation, Fujitsu Limited, Powertech Technology Inc., Jiangsu Changjiang Electronics Technology Co. Ltd., China Wafer Level CSP Co. Ltd., TriQuint Semiconductor Inc., Siliconware Precision Industries Co. Ltd., Amkor Technology Inc., IQE PLC, and ChipMOS Technology Inc..

 

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Encryption Software Market - Evaluation of Recent Industry Developments For 2016-2024

Software companies around the world have been rapidly adopting encryption software to boost business proficiency and improve data security. Software-based encryption is one of the fastest-emerging solutions for end-point data security. The growing concerns of data breaches and privacy compliance regulations are making companies keener to adopt software-based encryption solutions to achieve compliance, improved data security, and better flexibility in operations. Additionally, the global market for encryption software is also gaining impetus from the increasing adoption of the latest technologies such as cloud, virtualization, and mobility.

 

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Encryption software helps in protecting the confidentiality of the information stored in folders and files and data travelling over networks or data in-transit as per the compliance and security requirements of an organization. It encrypts and decrypts data at-rest and data-in-transit using software. Hence, by rendering the data unreadable even to the person authorized, encryption software helps enhance the security of confidential data. The adoption of encryption software is therefore expected to increase in response to the increasing incidence of cyber-attacks.

 

The report presents insights into various factors encouraging and inhibiting the global market for encryption software. Using industry-leading analytical tools, it analyzes factors affecting the market’s growth trajectory over the forecast period. The impact of the prevailing competitive landscape and government policies is also studied in the report in detail. In order to present a holistic overview of the competitive landscape of the global encryption software market, the report also profiles some of the leading players operating therein.

 

Encryption Software Market: Key Trends and Opportunities

 

A staggering amount of data is generated on a daily basis with the growing incorporation of mobile and cloud-based devices across enterprises, thereby increasing apprehensions related to data security. Additionally, organizations have become more vulnerable to data breach, loss, theft, cyber-attacks, and commercial espionage. Hence, companies have begun prioritizing data security more than ever with the escalating strength of commercial espionage across industries.

 

Additionally, while the widespread adoption of personal computers has in many ways made life simpler, it has also widened the scope for security breaches. The surging number of computer hackers attempting to break into organizational, industrial, or government networks with the intent of pilfering essential information for monetary gains has been the primary reason behind the increasing adoption of encryption software. Additionally, the growing trend of bring your own device (BYOD) policies at work and increased penetration of mobile devices across enterprises have augmented the risk of data loss among organizations. This has, in turn, made implementing encryption software imperative for secure data transmission.

 

The business ecology around the world is becoming more dynamic in response to the growing receptivity toward the latest technologies, such as social media, cloud, and mobility, thus increasing the volume of the data generated across these enterprises. This increasing uptake of mobile devices across enterprises further makes critical data susceptible to loss and theft. Encryption software solutions are therefore increasingly demanded across organizations for safeguarding business data.

 

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Global Encryption Software Market: Key Players

 

The most prominent encryption providers, including Symantec, Microsoft, Sophos, Check Point Software Technologies, and Trend Micro, already offer advanced encryption solutions, depending on the specific needs of their clients. Besides, several other technology providers are also developing and innovating techniques related to advanced encryption that can also incorporate organizational data to provide robust data security. Additionally, with cloud service providers offering cloud-based encryption solutions to companies and organizations, the global market for encryption software is poised to surge exponentially in the near future.

 

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Foam bags market is driven by the Increasing Growth of Electronics & Semi-Conductor Industry

Over the last few years packaging is becoming a critical factor in the customer’s decision making process because it directly communicates with the customer at the time of purchase in the store. Foam bags is considered to be one of the popular packaging solutions among the manufacturers of food and pharmaceutical. Light weight packaging is gaining traction among the brand owners to reduce the carriage cost of the product. Foam bags is an enormously lightweight packaging solution and perfect for caring glass wood, ceramics and painted surfaces. Foam bags are easy to use and also self-sealing strips feature can be an added advantage ultimately enhancing the packaging efficiency. Brand owners are using different color to enrich the product presentation.

 

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Foam bags: Market Dynamics

 

Foam bags market is driven by the increasing growth of electronics & semi-conductor industry during the forecast period. Apart from that rapid urbanization coupled with the per capita disposable income, is also expected to further driving the growth of foam bags market. Also, mounting growth of organized retail sector is positively impacting the global foam bags market during the forecast period. Moreover, new product development of various electronic products is further propelling the growth of foam bags market throughout the forecast period. Moreover, increasing growth of pharmaceutical industry is expected to fuel the demand of foam bags market because foam bags are used extensively in the medical devices packaging. Rising growth of automotive industry in developing economies of Asia Pacific is expected to stimulate the sales of foam bags in the upcoming decade. Moreover, foam bags are also widely used in the different cosmetic & personal care products that in turn accelerates the growth of foam bags market during the forecast period. The main property of foam bags is light weight that minimizes the shipping cost. Apart from that foam bags improves the aesthetic looks of the product through different print and foam color that enforced the manufacturers to use foam bags as a packaging solutions for promotional purposes. As foam bags are generally made from the low density polyethylene that can pose a challenges for this market owing to the increasing adoption of environment friendly material in the packaging industry.

 

Foam bags: Market Segmentation

 

The global foam bags market is segmented on the basis of application, product type and end use

 

Based on the application the global foam bags market is segmented into:

 

Electronics

Pharmaceutical

Automotive parts

Food

Cosmetic & personal care

Home care

Based on the material type, the global foam bags market is segmented into:

 

Polyethylene (PE)

Low Density Polyethylene (LDPE)

LLDPE (Liner Low Density Polyethylene)

HDPE (High Density Polyethylene)

 

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Foam bags Market: Regional outlook

 

In terms of geography, the global foam bags market has been divided in to five key regions including North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia Pacific region is expected to be the most lucrative market for foam bags market. India, China and ASEAN countries are expected to be the lucrative regions in APAC for foam bags manufacturers. North America is expected to witness healthy growth during the forecast period. Europe is also expected to register moderate CAGR throughout the forecast period.

 

Foam bags Market: Key players

 

Some of the key players in the global foam bags market are Smurfit Kappa Group PLC, Sealed Air Corporation, Alta packaging Inc., Pregis Corporation, Essen Multipack Ltd, Universal Protective Packaging, Inc., Macfarlane Group Plc. Etc.

 

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Heat Sealable Packaging Market is driven by the Demand for Effective Sealing in Packaging

Heat sealable packaging is a type of packaging, where the packages are sealed by the application of heat using the conduction mode of heat transfer. Heat sealable packaging doesn’t use any sort of pressure sensitive adhesives. Comparatively, the heat sealable packaging is a very economical packaging process as compared to other processes of sealing such as Radio Frequency (RF) sealing process. Some of the crucial factors for heat sealable packaging are the material heat seal temperature, heat seal pressure and dwell time. Heat sealable packaging being an economical process it is widely employed across various industries such as food, pharmaceutical among other industries.

 

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Global Heat Sealable Packaging Market: Drivers & Restraints

 

The growth of global heat sealable packaging market is driven by the demand for effective sealing in the packaging to minimize the leakage issues that occurs due to ineffective sealing in the packaging. Heat sealable packaging being an economical, effective and simple process, it is widely used for packaging in various end-use industries like food, pharmaceuticals and chemical among other industries. Thus, demand for heat sealable packaging from the above mentioned industries can be attributed the growth of heat sealable packaging globally. Furthermore, the increasing demand for FMCG (Fast Moving Consumers Goods) and consumer inclination towards packaged foods can also be attributed to the growth of heat sealable packaging market. On the plus side, macroeconomic factors such as GDP contribution of packaging industry and rise in disposable income can be further attributed to the growth of global heat sealable packaging market. Trends noted in the heat sealable packaging market are introduction of innovative heat sealable packaging film materials. For instance, DuPont Teijin films has invented heat sealable packaging films that are dual ovenable and are made of polyester, these films are invented in contrast with increasing the shelf life of food products by controlling the humidity. However, alternative methods for heat sealing packaging such as ultrasonic sealing might hamper the growth of global heat sealable packaging market globally.

 

Global Heat Sealable Packaging Market: Segmentation

 

The global heat sealable packaging market is segmented on the basis of materials, applications and region

 

On the basis of materials, the global heat sealable packaging market is segmented into:

 

Polyethylene

PVC films

Ionomer Resin

Polyamides

Polyester

Polypropylene

Polycarbonate

Polystyrene

 

On the basis of applications, the global heat sealable packaging market is segmented into:

 

Food

Pharmaceuticals

Chemical Products

Others

 

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Heat Sealable Packaging Market: Regional Outlook

 

Based on the geographies, global heat sealable packaging market is segmented into five key regions- North America, Latin America, Europe, APAC, and Middle East & Africa. Among the aforementioned regions, Asia-pacific accounts for significant share for heat sealable packaging market, owing to the significance of food packaging industry in the region as compared to other regions. Furthermore, the significant growth of pharmaceutical packaging in the region and a healthy FMCG (Fast Moving Consumer Goods) market in Asia-Pacific market is expected to bolster growth for heat sealable packaging market in the region. Asia-Pacific is expected to maintain its dominance in the global heat sealable packaging market throughout the forecast period. Europe market for heat sealable packaging is followed by the Asia-Pacific market for heat sealable packaging market which is trailed by the North America market for the heat sealable packaging. Latin America and Middle East & Africa market for heat sealable packaging market is anticipated to register slow growth over the forecast period. Overall, the global market for heat sealable packaging offers a positive outlook.

 

Global Heat Sealable Packaging Market: Key Players

 

Some of the few players identified in the global heat sealable packaging market include DuPont Teijin Films U.S Limited Partnership, National Plastics, Inc., HEAT SEALING PACKAGING SUPPLIES & EQUIPMENT, HEAT SEAL, LLC., ClearBags, Prairie State Group, Venus Packaging, ,Blisterpak, Inc., Petra Manufacturing Company and Janco Inc, LLC among others.

 

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Thermal Release Tapes Market is Expected to Gain High Growth During the Forecast Period 2016-2024

Thermal release tape is the adhesive tape functional at room temperature and can be peeled off just by heating. Among many adhesive tapes utilized in industrial tapes market, thermal release tape holds an important area in the manufacturing processes of electronics components especially in the engineering of semiconductors. Thermal release tapes like most adhesive tapes adhere at any room temperature and gets quickly released by the application of heat. The primary characteristic of tape removal without damage present in the thermal release tapes makes it an attractive commodity for the electronics and semiconductor propelling the demand of thermal release tapes in the next few years.

 

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Thermal Release Tapes: Market Dynamics

 

The electronics industry has witnessed two-fold growth in the last decade and is estimated to gain substantial growth in the upcoming period. This is attributed to the growing usage of semiconductors in the electronics equipment sector. The advent of semiconductors aided in cost effective and efficient manufacturing processes, to meet the rising demand for electronics products. This, in turn, is anticipated to be the major driving factor for the growth of thermal release tapes market. Mounting competition in other industries like construction, automotive, electrical and aviation have compelled the market players to lower their production run time and effective utilization of resources. Such trends and tripping points, in turn, have expanded the scope of the thermal release tape, driving the demand throughout the forecast period.

 

Hugh economic shifts and momentous changes in the global consumption pattern is driving demand for the smart products like electronic compliances at competitive prices. So, in turn, thermal release tapes manufacturers are compelled to lower the margins to sustain which is expected to augment the growth of the thermal release tape market during the forecast period. However, low penetration of electronic appliances in regions like Africa and Latin America and capital intensive nature of semiconductor manufacturing technology is anticipated to limit the growth of thermal release tape in emerging markets.

 

Thermal Release Tapes: Market Segmentation

 

The global thermal release tapes market is segmented on the basis product type, application, substrate material and end-use.

 

Based on the product type the global thermal release tapes market is segmented into:

 

Single coated adhesive tape

Dual coated adhesive tape

 

Based on the application, the global thermal release tapes is segmented into:

 

Roll type

Labeler type

Sheet type

 

Thermal Release Tapes Market: Regional Outlook

 

In terms of geography, the global thermal release tape market has been divided into five key regions including North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa. Asia-Pacific is expected to dominate the thermal release tape market throughout the forecast period and is projected to witness robust growth. This is primarily attributed to the increased demand for electronic appliances from China and India. China is estimated to have over 70% of total semiconductor foundry in the world making it one of the major markets for the thermal release tapes manufacturers. Moreover, India is expected to be the next destination for semiconductor foundries as the government is focusing on enhancing electronics and manufacturing capabilities in the country. Mature markets like North America and Europe are expected to witness sluggish growth.

 

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Thermal Release Tapes Market: Key players

 

Some of the key players in the global thermal release tape market are ABBA Applied Technology Corporation, Nitto Denko Corporation, Semiconductor Equipment Corp., Chip Hua Equipment & Tools Pte Ltd., 3M, Dongguan Haixiang Adhesive Products Co., Ltd., Shanghai Huishi Package Material Co., Ltd., Huizhou King Bali Technology Co., Ltd. and Taixing Chuanda Plastic Co., Ltd.

 

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Self-service Technology Market - Evaluation of Recent Industry Developments For 2016-2023

Self-service technologies (SSTs) help customers in producing services without requiring any assistance from direct service employees. Various service interactions are being replaced by self-service technologies in order to improve the efficiency and accuracy. It helps employees to work remotely and provide services from any location worldwide. Also, companies are able to incorporate technology into a single product to provide an integrated remote and personal solutions with the help of self-service technologies.

 

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Customers have the best understanding related to the requirements and functions, using self-service technologies customer can perform all the required tasks in a short period of time. Organizations are reducing costs, increasing the customer satisfaction and deliver a standardized service with the help of self-service technology.

 

Self-service Technology Market: Drivers

 

Innovative technologies such as wireless communications and remote service management are expected to drive the self-service technologies. Wireless communication has enabled remote service delivery, improving the service network of companies. Also, identification technologies such as biometric security services have facilitated financial transactions by validating identity of any person. Further, fingerprint recognition technologies are used in self-service technologies to identify the customer and provide services according to the stored information. The need to provide satisfactory and convenient services with reduced costs in industries such as banking and retail is anticipated to generate demand for self-service technology.

 

Manual tasks are reduced significantly, resulting in reduced human errors and faster performance. Customization of services according to customer requirements is possible due to the technologies such as remote monitoring and cashless transactions. Demand for self-service kiosks is expected to increase significantly during the forecast period providing growth opportunities to self-service technology market.

 

Different types of kiosks are used in the market such as the photo kiosk, ticketing kiosk and banking and financial kiosk. Customers are preferring self-service options, as it helps in reducing the check in time and increasing the customer satisfaction. Proper implementation of self-service technology is important in order to achieve customer satisfaction. Employee interaction with customers is vital in the initial stage of implementation. Customers are hesitant when a new technology is implemented, as they are not sure about the success of this new self-service technology. However, government regulations related to the tracking of customers and health and safety are restraining growth of the market. United States Department of Agriculture (USDA) has restricted the usage of unhealthy snack choices to comply with the school nutrition standards.

 

Self-service Technology Market: Segmentation

 

The self-service technology market is divided into three segments, automated teller machines (ATM), kiosks and vending machines. ATM segment is further divided into cash dispenser, smart, brown label, white label and conventional ATM. Different types of kiosks available in the market include banking and financial, informational, ticketing, digital video disc (DVD), photo, human resource and employment, patient self-service and others (telecom and restaurants). Vending machines segment is divided into beverage, candy, snack, specialized, cigarette and gumball vending machine.

 

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Self-service Technology Market: Key Players

 

Major players in the self-service technology market include NCR Corporation, Crane Merchandising Systems, Azkoyen S.A, Glory Ltd., Fuji Electric Retail Systems Co. Ltd, Kiosk Information Systems, Inc., International Business Machine (IBM) Corporation, Vend-Rite, Maas International Europe B.V. and HESS Cash Systems GmbH & Co.

 

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