This section provides an overview of strategies adopted by the companies in the past four years (January 2016 to February 2020) in the global medical devices testing services market. The global medical devices testing services market is dominated by juggernauts including Eurofins Scientific Group, Charles River Laboratories International, Inc., Bureau Veritas S.A. and other medium and small-medium enterprises. Several companies are attempting to enter the market and sustain themselves in the competition by adopting different strategies varying from partnerships and collaborations to business expansions and service launches. In the past four years (January 2016-January 2020), the market witnessed approximately 18 mergers and acquisitions, 18 business and regional expansions, 10 service portfolio expansions, six synergistic developments (collaborations, partnerships, and joint ventures), four accreditations, and one funding. Among the different key developments, mergers and acquisitions and service expansions constituted the largest share. The following figure represents the percentage of major strategies adopted by the key market players.

The proliferation of handheld devices has led to developments in the field of the gas detector, which has considerably widened the scope of application across multiple end-user segments. The government regulations across the world are increasingly becoming stringent in both emission control as well as labor safety, which is driving the demand for gas detectors. Industrial production process not only involves the use of various gases but also shares a considerable share of the overall environmental emissions. The government regulates leakage of such gases, and this is where the demand for gas detectors is increasing. For instance, the EU incorporated Directive 2010/75/EU an instrumental regulation in controlling pollutant emissions into the atmosphere by industrial installations. The governments across the world and political bodies are increasingly setting targets to reduce the emission of greenhouse gases. For example, the EU has set itself a goal of net-zero greenhouse gas emissions by 2050. Also, countries, such as China, the United States, India, and Russia, are increasingly adopting stringent regulations to tackle emission rates. Moreover, the government regulations for workplace and labor safety are increasingly becoming stringent, and adherence to such rules is vital in business continuity for organizations. According to the International Labor Organization (ILO) estimates that 4% of the gross world product is expended on worker accidents, and the percentage increases even further if we take into account the work-related health problems.

Owing to this, various vendors in the market are increasingly launching several forms of API that are related to emotion detection and analysis, even from key vendors such as Google, Microsoft, and Amazon. Furthermore, the launch of multi-modal solutions, which include the integration of speech, text, and facial recognition and increasing the role of muscle activity, brain activity, skin conductance, and hear t rate monitoring to deliver better emotional intelligence of the human has significantly led to huge customer awareness about the technology. Key areas where emotion detection and recognition are expected to gain traction include: entertainment (majorly gaming), transpor tation (autonomous cars), healthcare (various kinds of diagnostics), and retail (to enhance customer experience). For instance, recently Holst Centre (in the Netherlands) launched the prototype of a new electroencephalogram (EEG) headset, which is intended to measure cognitive processes in the brain and emotions. This headset can be used for gaming, learning, and therapeutic applications. The automotive industry is expected to be another major adopter of the technology over the coming years. With the advent of autonomous cars, ADAS, and connected cars, the incorporation of IoT and sensors is on the rise; automotive vendors are expected to incorporate EDR primarily for safety.

The packaging in the cosmetic industry has gone leaps and bounds in recent years. The cosmetic industry has the most varied packaging requirements of all the other sectors. The materials used vary from different metals from glass, paper, and Plastics, and these materials are used to make containers with different shapes and sizes and dispensing mechanism.  Plastic in the form of primary containers, secondary flexible pouches, caps and closure, and the nozzle is one of the major packaging materials used by the cosmetic industry. The plastic tube is one of the major containers in the cosmetic industry as it is able to store liquid-solid and semisolid materials and able dispense products in the controlled proportions. Also, the, when compared to other containers tubes, are able to provide better contamination protection.  In order to cater to the increasing demand for tubes, various suppliers have come up with innovative offerings in the market. Most recently, Sally Hansen, a major cosmetics manufacturer in the global market, developed a squeezable tube paired with an applicator tip with the help of Topline.

The market dynamics section discusses on the various factors which have the potential to alter the dynamics of a market. Market drivers push the market forward allowing the market to grow in due course of time. The factors which act like constraints to the growth and development of the market are called market restraints. They affect the production activities associated with the market, negatively. Apart from the drivers as well as restraint, various opportunities provide a window for the growth of the construction sealants market. These opportunities open gates for the new market entrants to set their foothold ultimately strengthening the market ecosystem. The market is subject to certain challenges, which may arise either on the technical side or owing to numerous regulations imposed by the government bodies. Although these challenges hinder the market growth these can be overcome by certain efforts made in the direction to push the market forward. The present section provides an in-depth understanding of the various drivers, restraints / constraints, opportunities and associated challenges with the global construction sealants market.

The global coal tar market is expected to grow at a significant rate during the forecast period (2017- 2024). Coal tar finds its significant applications in the production of carbon anodes, tire industry, and graphite electrodes, among others. Coal tar acts as a binder for the production of graphite electrodes, registering the highest CAGR during the forecast period. Before venturing into a forthcoming market, a firm must consider certain factors that allow the company to establish itself as an active player in the market. Henceforth, this chapter of the report provides an in-depth understanding of the direction in which the market is heading and the impacts of various factors on it. This segment of the report lists and analyzes several factors, such as market drivers, market restraints, and market opportunities, and their effect on the market.

Due to the increasing adoption of smartphones and mobile devices, coupled with the rising internet penetration, the evolution of IoT witnessed immense growth in the recent years. With the increasing demand for IoT solutions, the number of devices connected to the IoT networks is expected to increase substantially. Therefore, this is expected to drive the scope for testing of devices, along with the supporting software. The growth of IoT and connected devices is majorly driven by emerging applications and business models supported by declining device costs and standardization. According to Ericsson’s mobility report, out of the projected 29 billion connected devices, by 2022, 18 billion are expected to be related to IoT.

Hyperspectral imaging (HSI) is a powerful technology that adds a new dimension to optical imaging. HSI has been used for more than a decade now. However, until 2015, it was still relatively unknown compared to other imaging technologies, such as infrared, multispectral, and LiDAR. However, the adoption of hyperspectral imaging has started to change slowly and is gaining traction in the agriculture, chemical analysis, and defense sectors, in addition to metal and meteorology sector for which it was initially designed. One major application of HSI is in food surface inspection (reflectance imaging is used on various products to check for bruises and other damages) to maintain the quality and safety of food products. Hyperspectral imaging can analyze the chemical composition of food products for ripeness, grading, contamination, and disease conditions. Thus, by implementing hyperspectral imaging, users can benefit from a significant financial return by means of an increased throughput and yield of the processing centers. It is also widely used in military surveillance to monitor potential targets for avoiding major calamities.

General aviation forms a considerable part of any national airspace and airport system. Various factors, such as, pilot availability in a particular country, air traffic management, air transportation infrastructure, and aviation safety, among others, have their impacts on the general aviation market. In the global scenario, the market is influenced by several factors, such as the health of global economy, technology disruption, the price of avgas and jet fuels, regulatory standards, etc. in 2019, the deliveries of fixed-wing aircraft increased, while the deliveries of helicopters reduced. In fixed-wing aircraft, the shipments for both piston engine aircraft and business jets increased, while the shipments of turboprop aircraft decreased, continuing its fluctuating trend in the decade. On a whole, the shipments of turbine-powered fixed wing aircraft increased. The long-term outlook for general aviation, driven by the increase in the overall turbine aircraft activity, remains stable. The fleet of fixed-wing piston engine aircraft is projected to decrease over the forecast period. Unfavorable pilot demographics, overall increasing cost of aircraft ownership, and new aircraft deliveries not keeping up pace with the requirements, among others, are estimated to be the key factors contributing to the decline. However, the active general aviation fleet is projected to remain the same during the forecast period, with the declines in the fixed-wing piston fleet, offset by increases in the turbine, experimental, and light sport fleets. Th electric and light sport aircraft fleet are projected to increase during the forecast period.

Aniline consumption to produce methylene diphenyl diisocyanate (MDI) accounts for almost 90% of the total aniline demand. Reaction of aniline and formaldehyde using hydrochloric acid as a catalyst is the first step to the production of MDI. This produces a mixture of diamine precursors, as well as their corresponding polyamines. These diamines are then treated with phosgene to form a mixture of isocyanates, the isomer ratio being determined by the isomeric composition of the diamine. Distillation of the mixture gives a mixture of oligomeric polyisocyanates, known as polymeric MDI, and a mixture of MDI isomers, which has a low 2,4’ isomer content. Further purification entails fractionation of the MDI isomer mixture. Polyurethanes are produced by combining MDI with polyols and other chemical additives. Because MDI and a wide range of polyols can be used to produce polyurethane and the speed of the reaction can be adjusted, a broad spectrum of materials, such as PU resin-based coatings and adhesives and sealants, can be produced to meet specific application needs.