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Zeolite Market Size Overview in 2020, Revenue, Growth, and Global Industry Report 2026
The global zeolite market size is projected to reach USD 6.06 billion by 2026, exhibiting a CAGR of 4.9% during the forecast period. Exponential growth in construction activities worldwide is expected to surge the product demand in the coming years, states Fortune Business Insights™ in its report, titled “Zeolite Market Size, Share & Industry Analysis, By Type (Natural [By Application {Construction & Building Materials, Animal Feed, Wastewater Treatment, Soil Remediation, and Others}], Synthetic [By Application {Detergents, Catalysts, and Adsorbents}]), and Regional Forecast, 2019-2026”. A report published by the Institution of Civil Engineers (ICE) forecasts that the global construction output volume will rise by 85% in the next decade, reaching a value of USD 15.5 trillion by 2030. Zeolite is extensively used in the construction as an additive and natural zeolite is commonly applied in cement production for blending purposes. This material provides the necessary strength to cement and concrete, which makes the structure durable and long-lasting. Thus, accelerated pace of construction projects will augur well for this market in the near future.
The outbreak of the COVID-19 pandemic has triggered an unprecedented global economic downturn. Businesses have been gravely injured, some more than the others. However, the human spirit will overcome these challenges as well. We, at Fortune Business Insights™, aim to equip businesses with a comprehensive impact analysis of the current pandemic on different markets, based on our expertise and experience in market intelligence.
Market Driver
Efficacy of Zeolite in Water Treatment to Stoke Adoption
Zeolite media for water treatment has proven efficacy and high efficiency in wastewater filtration. The effectiveness of water treatment processes is dependent on the pores in the filtration media. Zeolite media have a large number of pores which enables them to not just capture particles between grains, but also absorb them into their pores to trap them. Its high pore density gives zeolite structures greater effective surface area, implying that this material can catch high concentrations of contaminants during the initial filtration process itself. As a result of these properties, zeolite is useful in treating hydrocarbons, oils, heavy metals, bacteria, turbidity, and nitrates & phosphates. Moreover, it can be applied in industrial process water treatment, drinking water treatment, radioactive water treatment, and grey water treatment.
Regional Insights
Asia Pacific to Lead the Pack Supported by Rapid Infrastructure Development
Promising economic growth in Asia Pacific, especially in India, China, and Vietnam, is expected to enable the region to dominate the zeolite market share during the forecast period. This growth can be seen through the lens of rapid development of various infrastructures in these countries, which is skyrocketing the demand for efficient building materials such as zeolite.
To Gain More Insights into the Market with Detailed Table of Content and Figures: https://www.fortunebusinessinsights.com/industry-reports/zeolite-market-101921
In North America, where the market size stood at USD 724.7 million, the market growth is premised on the expanding activities in the animal feed industry. Stringent regulations of the Food and Drug Administration (FDA) on animal health are expected to further propel the regional market. The market size in Europe is set to expand owing to active adoption of advanced wastewater treatment materials and technologies in the region.
List of Players Covered in the Zeolite Market Report:
- Canadian Zeolite Corp
- Shijiazhuang Jianda High-Tech Chemical Co., Ltd
- Zeotech Corporation
- Blue Pacific Minerals Ltd.
- Zeolyst International
- Clariant AG
- BASF SE
- Arkema Group
- KNT Group
- Hengye Molecular Sieve Co., Ltd.
- Cloud Mining
- Bear River Zeolite Co.
- Zeochem AG
- Tosoh Corporation
- Honeywell International Inc.
Competitive Landscape
Introduction of Next-Gen Additive Solutions to Intensify Competition
Core competitors in this market are ramping up investment in their research & development activities. The aim behind these increased investments is to engineer novel additive solutions with wide-ranging applications, which in turn will diversify their product portfolio and aid in expanding their footprint in the global market.
High Strength Steel Market Analysis 2020 - 2026: Size, Share and Growth Status Explored in a New Research
The global high strength steel market size is projected to reach USD 53.43 billion by 2026, exhibiting a CAGR of 8.1% during the forecast period. Increasing deployment of electric cars worldwide will be a key growth-driving factor for this market, states Fortune Business Insights™ in its report, titled “High Strength Steel Market Size, Share & Industry Analysis, By Type (High Strength Low Alloy (HSLA), Dual Phase (DP), Transformation Induced Plasticity (TRIP), Martensitic (MS), and Others), By Application (Automotive, Building & Construction, Mechanical & Heavy Equipment, Rail, Aviation & Marine, and Others), and Regional Forecast 2019-2026”. According to the International Energy Agency (IEA), global electric car fleet surpassed 5 million in 2018, showing a rise of 63% from 2017 levels. The growth trend was led by China, which accounted for 45% of the global deployment of electric vehicles. High strength steel plays a vital role in reducing the weight of an electric vehicle, whilst offering greater strength per unit density, ensuring energy-efficiency of these cars. Moreover, since these steels are thinner and stronger, they enable housing of larger batteries, thus extending driving range of the vehicle. Thus, rising demand for electric passenger cars will surge the adoption of high strength steels and fuel the market growth.
Market Driver
Rising Steel Production to Augment Market Growth
One of the primary forces accelerating the high strength steel market growth is the rising production output of crude steel. According to the World Steel Association (WSA), global crude steel production rose by 3.4% in 2019 from 2018 levels, reaching 1,869.9 million tons (Mt). Asia led the growth trajectory, producing 1,341.6 Mt in 2019, reflecting an increase of 5.7% from 2018 levels. Production of high strength steels is heavily dependent on crude steel as it forms the basic raw material for different steel derivatives. These steels are extensively utilized in a variety of industries ranging from aerospace to building & construction as they provide superior strength to structures and also make them energy efficient. Combined, these factors are propelling the growth of the global market.
Regional Insights
Rapid Industrialization in China and India to Support Market Growth in Asia Pacific
Asia Pacific is expected to hold a prominent position in the high strength steel market share during the forecast period on account of rapid expansion and growth of industrial activities in India and China. Industrialization has also escalated the demand for heavy machinery and equipment in the automotive and construction sectors in the region, further fueling the regional market growth.
In Europe, the market is anticipated to be mainly driven by the adoption of lightweight and high-strength materials for the manufacturing of electric vehicles. North America, with a market size of USD 3.21 billion in 2018, is expected to grow at a steady CAGR owing to strong demand for high strength steel from the automotive sector.
To Gain More Insights into the Market with Detailed Table of Content and Figures: https://www.fortunebusinessinsights.com/industry-reports/high-strength-steel-market-101854
List of Companies Covered in the High Strength Steel Market Report:
- Shandong Iron and Steel Group
- PAO Severstal
- Thyssenkrupp Ag
- Voestalpine AG
- CITIC Pacific Special Steel Holdings
- SSAB AB
- Hebei Puyong Iron and Steel Group Co., Ltd.
- Tata Steel
- China Steel Corporation
- JFE Steel Corporation
- HBIS Group
- Baosteel Group Corporation
- ArcelorMittal S.A.
Competitive Landscape
Strategic Alliances & Innovation-driven Partnerships to Characterize Market Competition
The competitive landscape of this market is characterized by the presence and operations of veteran steel-making companies. These companies are engaged in a tight competition to expand their global footprint through strategic alliances, partnerships aimed at better innovation, and mergers & acquisitions.
Carbon Nanotubes Market Size Overview in 2020, Revenue, Growth, and Global Industry Report 2026
The global carbon nanotubes market size is projected to reach USD 13.65 billion by the end of 2026. The increasing investment in development of sustainable solar cells will bode well for the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Carbon Nanotubes (CNT) Market Size, Share & Industry Analysis, By Product (Multi-Walled Carbon Nanotubes (MWCNT) and Single-Walled Carbon Nanotubes (SWCNT)), By Application (Plastics & Composites, Electrical & Electronics, Energy, and Others), and Regional Forecast, 2019-2026,” the market was worth USD 4.56 billion in 2018 and will exhibit a CAGR of 15.3% during the forecast period, 2019-2026.
The report on the Carbon Nanotubes Market highlights:
- Authoritative insights on all recent market trends
- Procured data with superior analysis
- Market Drivers
- Detailed information about the key players in the market
Carbon nanotubes are cylindrical tubes that are used in applications that require high strength and electrical conductivity. The tube is made up of cylindrical molecules that are inclusive of rolled-up sheets of single-layer carbon atoms. Besides the aforementioned properties, the product is also used in applications that require a higher thermal conductivity and longer durability. The products are widely used in electrical circuits and batteries, solar PV cells, and lithium batteries due to their exceptional properties. Besides this, they are also being widely used in the healthcare sector as drug delivery systems. The diverse applications of carbon nanotubes are a primary reason why these products are a primary reason why so many companies are looking to enter the market. Additionally, technological advancements will contribute to the increasing product adoption and subsequently, aid the growth of the overall market in the coming years.
Increasing Number of Company Mergers and Acquisitions Will Provide Impetus to Market Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of company mergers and acquisitions have had the the highest impact on market growth. The report includes a few of the major M&As of recent times and discusses their impact on market growth. In January 2019, SABIC announced that it has completed the acquisition of a major stake in Black Diamond Structures (BDS). BDS is a nanotech company that is involved in developing concepts that will ensure longer durability of storage components such as batteries. Through this acquisition, the company will look to enhance its carbon nanotube businesses by improving its Lithium Ion and lead acid battery portfolios. SABIC’s latest acquisition will not just benefit the company but will have a direct impact on the growth of the overall market in the coming years.
Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/carbon-nanotubes-cnt-market-102700
List of companies profiled in the report:
- Arkema SA
- Nanocyl SA
- Nanoshell LLC
- Carbon Solutions, Inc.
- Hyperion Catalysis International
- SHOWA DENKO K.K.
- Klean Commodities
- Other Key Players
North America to Emerge Dominant; Presence of Numerous Large Scale Manufacturers to Aid Growth
The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is expected to emerge dominant in the coming years. The region is a hub for several large scale CNT manufacturers; a primary reason why it is likely to emerge leading. The focus on polymer manufacturing for integration in CNT by major companies will have a direct impact on the growth of the regional market. The use of polymer materials will allow improved electrical and thermal properties. As of 2018, the market in North America was worth USD 1278.7 million and this value is projected to increase further in the coming years. The market in Asia Pacific will witness considerable growth driven by increasing efforts taken by government organizations towards solar cell manufacturing.
Anti-Counterfeiting Packaging Market Global Research Report, Size, Industry Share, Growth Opportunities to 2026
The global anti-counterfeiting packaging market size size is projected to reach USD 189.9 billion by 2026, exhibiting a CAGR of 7.8% during the forecast period. Rising menace of flagrant counterfeiting on e-commerce platforms is likely to emerge as the central growth driver for this market, according to the new Fortune Business Insights™ report, titled "Anti-Counterfeiting Packaging Market Size, Share & Industry Analysis, By Technology (RFID, Holograms, Barcode, and Others), By End-Use (Food & Beverages, Healthcare & Pharmaceutical, Industrial & Automotive, Consumer Electronics, and Others), and Regional Forecast, 2019-2026". E-commerce platforms have become a breeding ground for counterfeiters to sell fake products to unsuspecting customers.
A study conducted by a community media platform called Local Circles found that approximately 20% of the products sold on e-commerce sites are counterfeit. The widespread presence of such fake products across online marketplaces poses a grave threat not just to the well-being of the consumer, but also to investments being made into these companies. In response, e-commerce giants such as Amazon and Alibaba are implementing advanced anti-counterfeiting measures to protect both consumers and investors, which are leading the anti-counterfeiting packaging market trends.
The report on this market states that the market value stood at USD 104.5 billion in 2018. Besides this, the report shares the following information:
Market Driver:
Concerted Efforts to Tackle Counterfeiting to Boost the Market
Counterfeiting practices are running rampant across all the major sectors and industries around the world. These practices have gained firm ground in critical sectors and have the potential to cause serious, long-term damage to the health of consumers. For example, the World Health Organization estimates that roughly 10% of the pharmaceutical drugs and medicines sold in low- and middle-income countries are fake or substandard. This, and many such findings, has spurred governments into action.
For instance, China came out with a law in early 2019 that holds sellers and e-commerce platforms jointly accountable for counterfeit products sold on such platforms. Many leading technology companies are also coming to the fore with advanced solutions. For instance, IBM developed the Crypto Anchor Verifier, an Artificial Intelligence- and blockchain-based counterfeit detector that runs on a smartphone. These independent efforts have considerably augmented the potential of this market.
Browse Summary Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/anti-counterfeiting-packaging-market-102692
Regional Analysis
North America to Hold Commanding Lead; Asia-Pacific to Showcase Remarkable Growth
With a market size of USD 37.28 billion in 2018, North America is slated to dominate the anti-counterfeiting packaging market share during the forecast period owing to extensive utilization of superior anti-counterfeiting packaging solutions. This is further propelled by the surging demand for packaged food and beverage products in the region, which is boding well for the market.
Asia-Pacific is expected to present plenty of lucrative opportunities on account of rapid economic growth in India and China. Moreover, private players and the government in China are focused on effectively tackling the high rate of counterfeiting in the country through policy and technology, thereby fueling this market. In Europe, stable demand for consumer electronics will mainly drive the growth of the market.
Competitive Landscape:
Launch of Novel Solutions to Animate Competitive Fervor among Players
Incorporation of advanced, intelligent technologies in the e-commerce industry has paved the way for key players in this market to innovate and come out with next-gen solutions, as per the anti-counterfeiting packaging market report. As a result, some of the top companies are focusing on launching new products to entrench their market position, while some are acquiring businesses to expand their portfolio.
List of Key Companies Covered in the Anti-Counterfeiting Packaging Market Research Report are:
- MicroTag Temed Ltd.
- BrandWatch Technologies
- AlpVision
- SICPA HOLDING SA.
- Zebra Technologies Corporation
- CCL Industries Inc.
- Impinj, Inc.
- Authentix.
- Avery Dennison Corporation
- SML Group
- 3M Company
The global Solid Waste Management Market size is projected to gain traction on account of the increasing amount of waste generation, further attributed to the contributions of the residential, commercial, and industrial sectors. Solid waste majorly includes waste plastic products, organic matter, and metal and glass products. As per a recent report by Fortune Business Insights, titled, “Solid Waste Management Market Size, Share & Industry Analysis, By Waste Type (Industrial Waste and Municipal Waste {Organic Matters, Paper, Plastic, Glass & Metal, and Others}), By Treatment Method (Collection, Processing {Recycling & Composting} and Disposal {Landfilling & Open Dump and Incineration}) and Regional Forecasts, 2020-2027,” the market is anticipated to reach USD 366.52 billion by the end of 2027 from USD 285.16 billion earned in 2019. The forecast period is set between 2020 to 2027, and the market is likely to exhibit a CAGR of 3.3%
Various companies all around the world are under economic turmoil due to the COVID-19 pandemic. However, this too shall pass with government support and necessary measures. We, at Fortune Business Insights, are offering impact analysis on different markets that are affected by the coronavirus widespread. This analysis will help financers take significant decisions keeping in mind the current scenario.
Drivers & Restraints-
Advent of Smart Waste Management to Aid in Expansion of Market
Rapid industrialization and urbanization are the key factors propelling the solid waste management market growth. In addition to this, the advent of the new technological trends, such as smart waste management, is expected to boost the market. This, coupled with the advent of Internet of Things technologies with the potential of better waste collection process via optimization that also reduces the overall operational expenditure, will aid in the expansion of the market in the coming years.
On the contrary, managing solid waste is a long and tedious task and requires high capital and operational cost in terms of waste collection bins, vehicles, and processing equipment. Additionally, solid waste causes land and water pollution that requires a large number of trained workers for carrying out smooth operations to processes the waste. Therefore, the high requirement of manual labor is also set to hamper the market growth.
Browse Detailed Analysis of this Research with, Segmentation and Table of Content:
https://www.fortunebusinessinsights.com/solid-waste-management-market-103045
Segment-
Collection Segment to Cover Major Share Owing to its Labor Intensive Activity
The collection segment earned 56.6% share in 2019 and emerged dominant based on treatment method. This is because the collection of solid waste is completely labor-intensive and is the most crucial part of the process.
Regional Analysis-
Europe Emerged Dominant Owing to High Collection Rate from Nations
Regionally, Europe generated USD 90.03 billion in 2019 and earned the highest solid waste management market share. This is attributable to the extensive collection of waste and the presence of more than 500 waste-to-energy plants all over the region. Comprehensive legislations are laid by the European Union for controlling greenhouse gas emissions and improving the waste management system in the region, thereby aiding to the dominance. However, North America may emerge dominant in the forecast period on account of the well-established collection, processing, and disposal methods, coupled with presence of large players such as Clean Harbors Inc., Waste Management, and others in this region.
On the other side, Asia Pacific is likely to showcase the fastest growth rate and report a CAGR of 4.2% during the forecast period. China is expected to emerge as the largest shareholder in the market, followed closely by India. This is owing to the rapid industrialization, urbanization and the increasing population.
Fortune Business Insights™ lists out the names of all the solid waste management solution providers operating in the market. They are as follows:
- TANA Oy (Finland)
- ALBA Group (Germany)
- Stericycle Inc. (USA)
- Remondis AG & Co. Kg (Germany)
- Covanta Holdings Corporation (USA)
- Biffa PLC (U.K.)
- SUEZ Group (France)
- Envac Group (Sweden)
- Recology (USA)
- Advanced Disposal Services, Inc. (USA)
- Republic Services Inc. (USA)
- Hitachi Zosen Corporation (Japan)
- Clean Harbors Inc. (USA)
- Veolia Environment S.A. (France)
- Waste Management Inc. (USA)
- Other vendors
Competitive Landscape-
Companies Focusing on Installation of New Energy-from-Waste Facilities to Gain Impetus
Major companies operating in this market are engaging in adopting smart waste management services to make their mark in the competition. Besides this, they are also engaging in the construction of new energy-from-waste facilities for sustainable waste management solutions, thereby gaining a significant position in the market and gather more revenue in the coming years.
The global Membranes Market is anticipated to be affected by their increasing usage in pharmaceutical and biomedical industry. They help in lowering the concentration of effluent stream, as well as in recovering significant substrate or intermediate. This information is given by Fortune Business Insights™ in a recently published report, titled, “Membranes Market Size, Share & Industry Analysis, By Technology (RO/FO, UF, NF, MF, and Others), By Applications (Water & wastewater treatment, Food & beverage, Gas separation and Others) and Regional Forecast, 2019-2027.” The report further mentions that the membranes market size was USD 6,899.65 million in 2019 and is projected to reach USD 10,021.47 million by 2027, thereby exhibiting a CAGR of 5.74% during the forecast period
Drivers & Restraints-
Rising Environmental Concerns to Accelerate Growth
Rapid industrialization and urbanization, especially in the developing countries is resulting in water pollution. Therefore, the strain on water resources is surging. The governments and regulatory bodies of several countries are implementing stringent norms and laws regarding industry discharge to control water pollution. The increasing environmental concerns have thus, compelled large portion of the industries to adopt membrane-based technology for curbing the level and severity of pollutants in their discharge streams. They are presently trying to comply with the regulations. Membranes play a vital role in providing zero liquid discharge (ZLD). It is helping the industries in lowering the environmental impact. However, fouled membrane can have harmful effects on its operations. This factor may obstruct the membranes market growth during the forthcoming years.
Segment-
Water & Wastewater Treatment Segment to Grow Rapidly Backed by Evolution of Technology
Based on application, the market is divided into gas separation, food & beverage, water & wastewater treatment, and others. Amongst these, the water & wastewater treatment segment held 45.9% membranes market share in 2019. Membranes were mainly developed owing to the sole purpose of water & wastewater treatment. Later, as the technology evolved, they found their application in a wide range of industries consisting of biomedical, pharmaceutical, and food & beverage. The emergence of membrane purification technologies has proved to be promising by meeting the urgent need for portable water.
Browse Summary of this Research Report with Detailed Table of Content:
https://www.fortunebusinessinsights.com/membranes-market-102982
Regional Analysis-
Various Planned Desalination Projects in India & China to Favor Growth in Asia Pacific
Geographically, Asia Pacific procured USD 2,382.47 million in 2019 in terms of revenue. This growth is attributable to the major contributions of countries, such as Australia, India, Japan, and China. Japan is considered to be one of the largest producers of membranes globally. Several planned desalination projects in India and China are set to boost the growth of the market in this region. Chennai in India, for instance, houses two desalination plants. Each has a capacity of 100 million litres per day (MLD). The third plant is set to begin operations in 2021. Europe is in the second position owing to the contributions of Italy, Spain, France, and Germany.
Fortune Business Insights™ lists out the names of all the membrane manufacturers. They are as follows:
- TORAY INDUSTRIES, INC. (Japan)
- DuPont (U.S.)
- SUEZ (France)
- KOCH (U.S.)
- Pentair plc (U.S.)
- TOYOBA (Japan)
- Hydranautics – A Nitto Group Company (U.S.)
- Pall Corporation (U.S.)
- Seccua GmbH (Germany)
- Synder Filtration (U.S.)
- Others
Competitive Landscape-
Key Players Aim to Strengthen Their Positions by Acquiring Other Enterprises
The market is fragmented with the presence of over a thousand integrators and manufacturers. They are striving to adopt the strategy of mergers and acquisitions and new product development to strengthen their position in the market. Below are a couple of the latest industry developments:
- March 2020: Toray, a multinational corporation headquartered in Japan announced that it’s TORAYFIL™ UF and ROMEMBRA™ RO membranes were chosen for a new seawater desalination facility. It is supposed to be Brazil’s largest plant and is set to be operational by the fourth quarter of 2020.
- October 2019: DuPont acquired Evoqua Water Technologies, a reputed provider of cost-effective water treatment systems, based in Pittsburgh. The company acquired the latter’s business line named MEMCOR®. This new acquisition would help DuPont in strengthening its position in the global market.
The global thermal paper market size is projected to reach USD 5.85 billion by the end of 2027. Increasing applications of the product across diverse industry verticals will aid the growth of the overall market in the coming years. According to a report published by Fortune Business Insights, titled “Thermal Paper Market Size, Share & Industry Analysis, By Width (2.25”, 3.125”, and Others), By Printing Technology (Direct Thermal, Thermal Transfer, and Others), By Application (Point-of-Sale, Tags & Labels, Ticketing, Lottery & Gaming, Medical, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 3.45 billion in 2019 and will exhibit a CAGR of 6.9% during the forecast period, 2020-2027.
Thermal paper is a specialty paper that is usually coated with a material that helps the paper transform its color when subjected to heat. The increasing applications of thermal paper are attributable to the favourable properties of the product. It is widely used in applications that require quick and short print slips including ATMs and other places that print out receipts. The growing product applications, coupled with the massive investment in the development of efficient products, will ultimately emerge in favor of the growth of the market in the coming years. The product is inclusive of easily derivable compounds as well as material available in abundance. The increasing investment in the research and development of efficient thermal paper will contribute to the growth of the overall market in the coming years. The presence of several large scale companies will emerge in favor of market growth.
Company Mergers Are Proving Beneficial for Existing Businesses
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Due to healthy market competition, several companies are looking to adopt strategies that will help them establish a strong position in the global market. It is observed that company mergers and collaborations are a growing trend among major businesses across the world.
In February 2020, Koehler Paper Group announced that it has completed the acquisition of Beaver Paper and Graphic Media Inc. The company is a manufacturer of sublimation media; a product that is used widely in the digital printing industry. Through this acquisition, the company will look to combine the portfolio of both the companies and improve the overall sales and distribution of sublimation media across the world. Koehler’s acquisition of Beaver will help the company establish a formidable position in the global market. Additionally, this acquisition will have a huge impact on the growth of the overall market in the coming years.
Browse Summary of This Research Report with Detailed Table of Content:
https://www.fortunebusinessinsights.com/thermal-paper-market-102811
List of key companies profiled in the Thermal Paper Market Research Report are:
- Lecta (Spain)
- Hansol Paper (Korea)
- Appvion Operations, Inc. (USA)
- Domtar Corporation (USA)
- Ricoh Industrie France SAS (France)
- Mitsubishi Hi-Tech Paper (Germany)
- Koehler Paper Group (Germany)
- Kanzaki Specialty Papers, Inc. (USA)
- Jujo Thermal Ltd. (Finland)
- Oji Paper Co., Ltd. (Japan)
- Chenming Group (China)
- Guangdong Guanhao High-Tech Co., Ltd. (China)
- Other Key Players
Market in Europe Held the Highest Share; Increasing Number of POS Terminals Will Emerge in Favor of Market Growth
The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Europe currently holds the largest market share. The increasing number of POS terminals will emerge in favor of market growth. The increasing number of ATM transactions will also lead to a wider product adoption in numerous countries across this region. As of 2019, the market in Europe was worth USD 1.57 billion and this value is projected to increase further in the coming years.
