MarketsandMarkets – Market Research Reports: March 2012

Monday, March 26, 2012

Global Factory Automation Market worth $185.0 Billion by 2016

According to a new market research report “Industrial Controls (SCADA, PLC, DCS) & Factory Automation (Field Devices, MES, ERP) Market : Global Forecast & Analysis (2011 – 2016)” published by MarketsandMarkets (www.marketsandmarkets.com), the factory automation market is expected to reach $185.0 billion by 2016 at a CAGR of 7.58% from 2011 to 2016.

Browse 68 tables and in-depth TOC on “Industrial Controls (SCADA, PLC, DCS) & Factory Automation (Field Devices, MES, ERP) Market : Global Forecast & Analysis (2011 – 2016)”.
http://www.marketsandmarkets.com/Market-Reports/factory-industrial-automation-sme-smb-market-541.html
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The factory automation market is expected to grow from $120.0 billion in 2010 to $185.0 billion in 2016, at a CAGR of 7.58% from 2011 to 2016. The key companies with respect to factory automation include Siemens (Germany), ABB (Switzerland), Emerson Process Management (U.S.), Rockwell Automation (U.S.), Schneider Electric (France), Honeywell (U.S.), Omron (Japan), Yokogawa (Japan), and others.

Asia-Pacific is expected to grow at the highest rate due to increase in production activities in APAC, cheap labor, huge population base, and lucrative government policies. China is the growth engine for automation in Asia in spite of lower levels of plant automation. India too is gaining factory automation market shares worldwide.

The various subsets of automation include robotics, control systems, IT systems, and manufacturing execution systems (MES), all chiefly responsible for reducing human interaction in the process, thus, lowering labor and production costs, and increasing throughput or production output. The other common industry terms for the capabilities, components, and aspects of automation include human machine interface (allowing for system operator and human supervision), distributed control systems (DSC), SCADA, conveyor belts, conveyance systems, and programmable logic controllers (PLC). Robotics, particularly robotic arms, are common features in factory automation due to their precision, reduction in human labor costs, advantages in handling, and reduction of human risks and exposure to production hazards.

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Thursday, March 22, 2012

Global 3D Technology, Products & Applications Market worth $227.27 Billion by 2016

According to a new market research report, “Three-Dimensional (3D) Technology Market (2011 – 2016) by Products (3D IC, 3D Printer, 3D Display – HMD, 3D Smartphone, 3D TV, 3D Digital Signage), Applications (3D Animation, 3D Printing, 3D Medical Imaging, 3D CAD, 3D Gaming, 3D Cinema) & Technology (Stereoscopy, Auto-Stereoscopy, Volumetric) Focus, Global Forecast & Analysis – Features Introduction to 4D Technology” published by MarketsandMarkets (www.marketsandmarkets.com), the total market is expected to reach $227.27 billion by 2016, at a CAGR of 15.81%.

Browse 84 tables and in-depth TOC on “Three-Dimensional (3D) Technology Market (2011 – 2016) by Products, Applications & Technology, Global Forecast & Analysis – Features Introduction to 4D Technology”.
http://www.marketsandmarkets.com/Market-Reports/3d-4d-technology-market-646.html
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Three-dimension (3D) technology has created the buzz in the market in the recent past, especially in the field of entertainment. Post the success of James Cameron’s ‘Avatar’, cinema lover is expecting more movies in 3D. 3D cinema is the most hyped field, in the 3D technology market. Movie producers and marketers are seeing 3D movies as a value-added product to generate additional revenue.

In current scenario, gaming and animation companies are giving lot of importance to the 3D technology, as 3D is becoming mainstream, more, and more of a norm. Also, 3D Animation and gaming forms the largest percentage share in overall 3D technology market.

Since the wave of 3D cinema, 3D TV has garnered consumer’s attention. With exciting features and competitive pricing, 3D TV is gaining shelf pace and consumer aspirations. Consumer electronics companies are constantly working on the pricing and 3D content, to attract more consumers.

Almost all major players have launched their 3D TV sets in stereoscopic display, in which viewer can view 3D content with the help of 3D glasses. Companies are offering 3D active shutter and passive polarized glasses to view the 3D content. Autostereoscopy will be the next big display type in 3D technology market. In this display technique, users don’t need to wear 3D glasses. Gaming companies, signage-making companies have started using autostereoscopic display in their products. Although still in R&D stage, Autostereoscopy is going to be next big thing in 3D display technology.

Global 3D technology-products and applications market is expected to reach $227.27 billion by 2016, at an estimated CAGR of 15.81%. North America is holding a leadership position in total 3D technology market followed by Europe and APAC. In ROW market; Middle East and Africa are the largest contributors.

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Wednesday, March 14, 2012

Global In-Car Infotainment (ICI) Market worth $14.4 Billion by 2016

According to the market research report “In-Car Infotainment (ICI) System Market - Global Forecast & Analysis by OEM & Aftermarket (2011 – 2016)” published by MarketsandMarkets (www.marketsandmarkets.com), the total In-Car Infotainment (ICI) Market is expected to reach $14.4 billion by 2016 at a CAGR of 12.1% from 2011 to 2016.

Browse 86 tables and in-depth TOC on “In-Car Infotainment (ICI) System Market - Global Forecast & Analysis by OEM & Aftermarket (2011 – 2016)”.
http://www.marketsandmarkets.com/Market-Reports/in-car-vehicle-infotainment-ici-systems-market-538.html
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Individual products like radio, DVD players, display screens, navigation systems are being used by car users. However, In-Car Infotainment systems have offered a new option to the user of using all the products in the same system. This has offered customer a new and enriched experience, which has been accepted it worldwide. In-Car Infotainment systems are being positioned in the luxury cars rapidly. Auto-OEMs are using infotainment systems as differentiation tool and planning to extend the trend in the mid-segment cars.

In-Car Infotainment systems offer both entertainment and information services. Such a system replaces multiple products and offers enhanced user experience to the customer. Better user experience, better connectivity, more options of entertainment are the major features of In-Car Infotainment market. ICI system market includes products such as audio system including radio, DVD players with the video screen, rear seat entertainment, navigation devices like GPS, software platforms, and its accessories. These services are unavoidable entities, whose significance is increasing day by day. Radio services, internet services, and the navigation services are the major services offered for In-car Infotainment systems. ICI systems can be connected to the external world to offer more options to the customer for entertainment as well as information based services.

Privacy-security and river distraction are hampering the growth of the In-Car Infotainment System Market. In near future, location based products like finding next fuel station, restaurant, etc. are going to get introduced. Besides, all the products are likely to run on a single processor, which will increase the efficiency of the infotainment system. In-Car Infotainment systems are being sold though auto-OEMs and aftermarket. However, ICI products are likely to sell more through auto-OEM than aftermarket.

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Friday, March 9, 2012

Global Succinic Acid Market worth $496.0 Million by 2016

The report “Succinic Acid Market by Applications & Geography - Global Trends & Forecasts (2011-2016)” defines and segments the global succinic acid market with analysis and forecasting of the global volume and revenue for succinic acid. It also identifies driving and restraining factors for the global succinic acid market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Global Succinic Acid Market is expected to reach $496.0 Million by 2016, growing at a CAGR Of 18.7% from 2011 to 2016. The market is segmented and revenues are forecasted on the basis of major geography such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The key countries are covered and forecasted for each region. Further, market is segmented and revenues are forecasted on the basis of applications.

Browse more than 50 market data tables/figures spread through 209 pages and in-depth TOC on “Succinic Acid Market by Applications & Geography - Global Trends & Forecasts (2011-2016)”.
http://www.marketsandmarkets.com/Market-Reports/succinic-acid-market-402.html
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Succinic acid is widely employed in chemical, pharmaceutical, food, and agricultural industries. These rapidly growing industrial markets for succinic acid are expected to boost the demand for succinic acid. Succinic acid yields derivatives such as 1,4-butanediol (BDO), gamma-butyrolactone (GBL), and tetrahydrofuran (THF), which have high potential for use as solvents and fibers. In addition, pyrrolidinones and N-methylpyrrolidinone can also be directly produced from succinic acid manufactured by fermentation. These organic chemicals find high demand in pharmaceutical industry. The low cost and potential of bio-succinic acid to open up a wide array of applications such as polyurethanes, 1,4-butanediol, plasticizers, thermoplastics, etc. are further expected to boost the bio-succinic acid market.

Increasing popularity of renewable chemicals remain the key driving factors for chemical companies to enter into the production of bio-based succinic acid by using green production process. In the light of high growth prospects of bio-based succinic acid and achievement of cost effective production of succinic acid by using renewable feedstocks, strong investments and an increasing number of new projects are expected to come up. Several companies have invested heavily into the development or expansion of existing facilities for bio-based succinic acid. This will result into significant increase in production volume of succinic acid in the near future.

The global succinic acid market in terms of revenue was estimated to be worth $182.8 million in 2010 and is expected to reach $496.0 million by 2016, growing at a CAGR of 18.7% from 2011 to 2016. Europe and North America dominate the global succinic acid market, together accounting for 66.0% of the global succinic acid demand in 2010. Asia-Pacific is expected to be the fastest growing market in the near future owing to the rapid advancement and increasing demand from key countries such as China and India.

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Wednesday, March 7, 2012

Global Micro Irrigation System Market worth $3414.7 Million by 2016

According to the new market research report, “Micro Irrigation System Market Trends and Global Forecasts (2011 - 2016)” published by MarketsandMarkets (www.marketsandmarkets.com), global micro irrigation system market expected to reached over $1,290 million by the end of year 2010 and is expected to reach $3,414.7 million by 2016, growing at a CAGR of 17.9% from 2011 to 2016.

Browse more than 150 market data tables/figures spread on more than 370 pages & in-depth TOC on “Micro Irrigation System Market Trends and Global Forecasts (2011 - 2016)”.

http://www.marketsandmarkets.com/Market-Reports/micro-irrigation-system-market-566.html
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The global micro irrigation system market is one of the fastest growing segments of global agriculture industry. This growth is fueled by Government encouragement for adoption of micro irrigation system as regular practice for future safety due to water scarcity, in order to conserve natural water resources. This growth is particularly higher in geography such as Africa and Asia-Pacific due to increased water scarcity and farmers awareness regarding improvement in yield quality and quantity using micro irrigation.

Crop protection expense is the second highest expense after fertilizer in farming expenses, both the major expenses can be reduced with fertigation and chemigation. Hence in areas other than water scarce area, fertigation and chemigation have proven to be the winning imperatives for the global micro irrigation system market. Hence micro irrigation systems are the most cost effective way of protecting crops from both biotic and abiotic stresses.

Sprinkler micro irrigation systems, which includes micro sprinkler irrigation and micro jet irrigation systems are the biggest market segments as on 2010, owing to their wide-spread use in sprinkler irrigation. Sprinkler micro irrigation systems currently controls over 72% of the global micro irrigation system market. Drip micro irrigation systems are a smaller market segment, but expected to grow at a faster pace than any other segment, due to Government encouragement for optimum water usage to secure future water demands especially in water scarce geography.

The North American micro irrigation system market is expected to hold around 24% of the global market share by 2016, at an estimated CAGR of 15.7%. Asia-Pacific is the fastest growing segment due to the constant push by Government bodies for adoption of micro irrigation systems. The market share of Asia-Pacific is expected to boost from $344.5 million in 2010 to $1,062.5 million by 2016, at an estimated CAGR of 21.5% from 2011 to 2016.

Some of the major drivers of the industry identified in this report are cost effectiveness of micro irrigation systems with fertigation and chemigation, economic and social benefits with water savings, and increasing demand of food from growing population, and water scarcity while major restraint is high initial and maintenance cost of micro irrigation systems.

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Global Polyvinyl Alcohol (PVA) Films Market - $6.3 Billion for Polarizer Application & $259 Million for Water Soluble Applications by 2016

According to a new market research report, “Polyvinyl Alcohol (PVA) Films Market - Global Trends & Forecasts (2011 - 2016)”, published by MarketsandMarkets (www.marketsandmarkets.com), estimated the consumption of PVA film in water soluble applications such as detergent packaging, laundry bags, agrochemical packaging to be 15.8 thousand metric tons for 2011. For the same year, the PVA film consumption in polarizer production was estimated to be 225 million square meters.

Browse more than 80 market data tables/figures spread through 176 pages and in-depth TOC on “Polyvinyl Alcohol (PVA) Films Market - Global Trends & Forecasts (2011 - 2016)”
http://www.marketsandmarkets.com/Market-Reports/polyvinyl-alcohol-pva-films-market-672.html
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PVA film is a water soluble film made from polyvinyl alcohol resins. Due to its water soluble property, it is widely used for water soluble small dose packaging such as detergent, agrochemical, water treatment chemical, and dyes. Apart from packaging its water soluble property facilitates PVA film consumption in embroidery and laundry bag manufacturing. The film has another unique property viz. polarization which makes it an essential raw material for polarizer film used in liquid crystal display (LCD) panels, lenses, optical filters, etc.

For water soluble applications, North America is the largest consumer of PVA film where majority of film used for detergent packaging. U.S-based manufacturer MonoSol LLC is the largest supplier with production facilities in U.S. and U.K. Asia-Pacific region, dominated by China and Japan, is the largest exporter in PVA films market and 60% of its PVA film goes to other regions such as North America, West Europe, East Europe, and South America.

The report divides polyvinyl alcohol films market by water soluble and polarizer applications. Polarizer film is produced using PVA film and TAC film as raw material. Majority of polarizer film is consumed in LCD panels and a small percentage (around 5.5%) goes for sunglasses, optical filters, etc. PVA film used in LCD-based polarizer is only manufactured by Kuraray (Japan) and Nippon Gohsei (Japan). Kuraray is the largest manufacturer with 71% production share in 2011. There are other manufacturers too, such as MonoSol (U.S.) but supply is largely for optical lenses, sunglasses polarizer film, etc.

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Global Peripheral Vascular & Interventional Cardiology Devices Market worth $37.9 billion by 2016

The “Peripheral Vascular & Interventional Cardiology Devices Market (2011 – 2016) (Balloons, EVAR Stent Grafts, IVC Filter, IVUS & Angiography Catheters, Plaque Modification Devices, Hemodynamic Flow Alteration Devices & Accessory Devices) Global Trends & Competitive Analysis” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia and Rest of the World.

Browse market data tables and in-depth TOC of “Peripheral Vascular & Interventional Cardiology Devices Market (2011 – 2016) (Balloons, EVAR Stent Grafts, IVC Filter, IVUS & Angiography Catheters, Plaque Modification Devices, Hemodynamic Flow Alteration Devices & Accessory Devices) Global Trends & Competitive Analysis”

http://www.marketsandmarkets.com/Market-Reports/minimally-invasive-interventional-cardiology-devices-market-548.html
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This report studies the global Peripheral Vascular & Interventional Cardiology Devices Market over the forecast period (2011-2016).

The vascular interventional devices market consists of devices used in both coronary and peripheral endovascular procedures such as balloons, EVAR stent grafts, IVC filters, IVUS & angiography catheters, plaque modification devices, hemodynamic flow alteration(HFA) devices and accessory devices. Coronary stent grafts hold the major share with 64.7% of the total market. The others include balloons with approximately 10% share and other accessory devices such as guidewires, catheters, HFA devices, etc. accounted for 30% share.

To treat conditions with less intervention to the patient, minimally invasive surgical procedures are increasingly being used since the last decade as an alternative to vascular surgery. The coronary and peripheral vascular market together contribute to this growth in interventional procedures. The peripheral angioplasty is expected to reach 3.3 million procedures by 2016, while coronary angioplasty procedures are estimated to reach 4.5 million procedures by 2016.

The major driving factor for these markets would be the increasing demand for minimally invasive percutaneous endovascular treatment. As the incidence cases of coronary and peripheral artery diseases continue to rise in the coming years along with increasing trends in co-morbid conditions such as obesity and diabetes, the Minimally Invasive Interventional Vascular Devices Market for treating these diseases would show significant growth in the forecast period.

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Global Manufacturing Execution Systems Market worth $8.9 Billion by 2016

According to the market research report “Manufacturing Execution System (MES) Market - Global Forecast and Analysis (2011-2016) By Applications Process Manufacturing Industries (Chemicals, Oil and Gas, Pulp and Paper, Food and Beverages, Water Waste Management, Power Etc.) , Discrete Manufacturing Industries (Automotive, Healthcare, Aerospace and Defense, FMCG Etc.)” published by MarketsandMarkets (www.marketsandmarkets.com), the total Manufacturing Execution System market is estimated to be $4.7 billion and is expected to reach $8.9 billion by 2016, it will maintain the CAGR of 13.6% from 2011 to 2016.

Browse 67 tables and in-depth TOC on “Manufacturing Execution System (MES) Market - Global Forecast and Analysis (2011-2016) By Applications Process Manufacturing Industries (Chemicals, Oil and Gas, Pulp and Paper, Food and Beverages, Water Waste Management, Power Etc.) , Discrete Manufacturing Industries (Automotive, Healthcare, Aerospace and Defense, FMCG Etc.)”
http://www.marketsandmarkets.com/Market-Reports/manufacturing-execution-systems-mes-market-536.html
Early buyers will receive 10% customization of report.

Manufacturing Execution System (MES) delivers information that enables the optimization of production activities from order launch to finished goods. MES uses the current and accurate data, which results in rapid response to the changing conditions, coupled with a focus on reducing non-value-added activities. Real time data centrally stored and can be access by multiple departments, which avoid the duplication of records. MES works from scheduling and inventory management to the final delivery. All the processes are synchronized with the machine level operations and provide all the data to Enterprise Resource Planning (ERP).

MES has changed the manual operations into paperless operations for faster data transfer and better decision making. Connected network of various MES systems is the prime feature of MES. This helps the senior managers to take decisions based on the real time data from across the borders.

MES categories the manufacturing industry into two major categories like discrete and process industry. MES has been used in process industries for a long time but discrete industries are very large in nature and have got more potential to grow for MES. Automobile, Healthcare, Aerospace and defense and FMCG are the major ones among discrete industry.

North America and Europe account for similar market share in the global Manufacturing Execution Systems market. Since the APAC region his becoming the manufacturing hub for most industries, this region possesses great potential for the MES market and all major players are focusing APAC.

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Global Temperature Sensors Market worth $4.51 Billion by 2016

According to a new market research report “Temperature Sensor Market, A Study of major Sensor types (ICs, Thermostat, Thermistor, Resistive Temperature Detectors (RTDs), Thermocouple) & Applications, Global Forecast & Analysis 2011 – 2016” published by MarketsandMarkets (www.marketsandmarkets.com), the market size of temperature sensors in the year 2010 was $3.27 billion and is expected to reach $4.51 billion units by 2016, at an estimated CAGR of 5.6%. In terms of volume, the unit shipment for temperature sensors was 2.02 billion units in the year 2010 and is expected to reach 3.54 billion units by 2016, at an estimated CAGR of 10%from 2011 to 2016.

Browse 70 tables and in-depth TOC on “Temperature Sensor Market, A Study of major Sensor types (ICs, Thermostat, Thermistor, Resistive Temperature Detectors (RTDs), Thermocouple) & Applications, Global Forecast & Analysis 2011 – 2016”
http://www.marketsandmarkets.com/Market-Reports/temperature-sensor-market-522.html
Early buyers will receive 10% customization on reports.

The need for temperature sensors is evolving and this section is continuously climbing up the success ladder. Temperature sensors mainly utilize digital technology, which means better in efficiency and sensing performance. Temperature sensors have a significant place in different industry verticals. The major applications of temperature sensors are in petrochemical industry, automotive industry, consumer electronics industry, metal industries, food and beverages industry, and healthcare. The largest application segment for temperature sensors is the petrochemical segment, together with related process applications. The electronics segment follows as the second largest application segment for temperature sensors. In the automotive industry, the temperature sensors are improving passengers comfort, engine‘s efficiency, and performance. The demand for reliable, high performance and low cost sensors is increasing leading to the development of microtechnology and nanotechnology, offering opportunities like miniaturization, low power consumption, mass production, etc. New temperature sensors such as the IR temperature sensor offer several key advantages. They allow contactless and consequently corrosion-free measurement of temperature. These devices have gained immense popularity in food and beverage industry and chemical segment.

Global temperature sensor market size is estimated to grow with CAGR of 5.6%. Temperature sensors are used for two purposes. The first is as a warning system, typically on two-way catalytic converters such as are still sometimes used on LPG forklifts. The function of the sensor is to warn of catalytic converter temperature above the safe limit of 750°C (1,380 F). More-recent catalytic-converter designs are not as susceptible to temperature damage and can withstand sustained temperatures of 900°C (1,650°F). Temperature sensors are also used to monitor catalyst functioning — usually two sensors will be fitted, with one before the catalyst and one after to monitor the temperature rise over the catalytic-converter core. For every 1% of CO in the exhaust gas stream, the exhaust gas temperature will rise by 100°C.

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Global Food Preservatives Market worth $2.5 Billion by 2016

The new report “Global Food Preservatives Market by Type, Functions, Applications, and Geography: Trends and Forecasts (2011-2016)” defines and segments the global food preservatives market with analysis and forecasting of the global revenue for the sector. Focus on the sub and micro markets segments the market on the basis of geography, types, functions and applications. The segment forecasts in terms of revenues are also closely linked to the driving and restraining factors of the global market. Analysis of the trends, opportunities and challenges posed for the sector has been given their due weightage.

Browse more than 100 market data tables/figures spread through 270 pages and in-depth TOC on “Global Food preservatives Market by Types, Functions, Applications, and Geographical Trends and Forecasts (2011-2016)”.
http://www.marketsandmarkets.com/Market-Reports/food-preservatives-market-420.html
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Globalization, world trade, merging consumer tendencies and choices, growing concerns regarding food safety and quality are some of the key factors driving the food preservatives market. Food processing industries have been driven to invest in research of preservation alternatives which are also perceived as being natural and healthy, in addition to their primary function of enhancing the shelf life of the product of concern.

The report coverage encompasses preservatives from natural sources (salt, sugar, honey, etc.) and those which are derived from chemical synthesis (sorbates, benzoates, propionates, etc.). In addition, the report also addresses the preservatives on the basis of their target organism namely bacteria, fungi, yeasts or other specific targets. Considering the various sources of food contamination and spoilage, the report includes sources other than microbial spoilage as potential for preservatives market such as enzymatic and redox reactions. Segmentation of the preservatives on the basis of their functionality such as anti-microbial, anti-oxidant (BHA, BHT) and others like chelating agents, enzyme attackers is a key aspect of the report. Major applications like oils and fats, dairy products, frozen foods, snacks and convenience foods, confectionery and condiments, beverages and more, have been used to categorize the food preservatives market.

Geographical segmentation of the Food Preservatives market views the scope and trend across North America, Europe, Asia-Pacific and Rest of the World. Market figures for the segments and categories are provided for the period of 2009 through 2016. Information contained in the report includes market sizes, revenue forecasts, market and product trends, and regulations. Competitive information includes key developments, strategy deployed to win, M&A and JV of key players. The report profiles leading companies such as The Kerry Group (Ireland), Danisco (Denmark), Galactic Corp (Belgium), DSM (The Netherlands), Purac (The Netherlands), Sorbic International Plc (UK), Univar Inc. (U.S.), Vitiva (Slovenia) and to name a few.

The study in this report estimates the global food preservative market to be at $2552.4 million by 2016, growing at a CAGR of 2.5%, essentially boosted by the fast growth amongst natural preservatives. North America stands as the leader, followed by Asia-Pacific, which shows promising growth and a considerable market share. North America and Asia-Pacific together contribute close to 70% in the global food preservatives market. The emerging markets within Asia-Pacific, such as China and India drive the high growth rate. Natural Preservatives, the latest development in the sector, is the key driver of the growth of 2.2% in Europe. The high growth within Europe is in Germany, France, U.K., and Italy.

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Monday, March 26, 2012

Global Factory Automation Market worth $185.0 Billion by 2016

Thursday, March 22, 2012

Global 3D Technology, Products & Applications Market worth $227.27 Billion by 2016

Wednesday, March 14, 2012

Global In-Car Infotainment (ICI) Market worth $14.4 Billion by 2016

Friday, March 9, 2012

Global Succinic Acid Market worth $496.0 Million by 2016

Wednesday, March 7, 2012

Global Micro Irrigation System Market worth $3414.7 Million by 2016

Global Polyvinyl Alcohol (PVA) Films Market - $6.3 Billion for Polarizer Application & $259 Million for Water Soluble Applications by 2016

Global Peripheral Vascular & Interventional Cardiology Devices Market worth $37.9 billion by 2016

Global Manufacturing Execution Systems Market worth $8.9 Billion by 2016

Global Temperature Sensors Market worth $4.51 Billion by 2016

Global Food Preservatives Market worth $2.5 Billion by 2016

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