FlashParking & TIBA Solutions Dominates the $9 Billion US Parking Management Market.

 Both companies offer innovative services when it comes to providing real-time insights about the occupancy of a parking sites & facilitating the parking process through relevant mobile applications.

In the ever-evolving landscape of parking management, innovation and efficiency takes center stage through the remarkable partnership of FlashParking and TIBA Solutions. With their dedication to revolutionizing parking solutions, these industry leaders bring forth a transformative approach to access control, real-time insights, and user experience enhancement.

Story Outline

• FlashParking & TIBA redefine parking management with tailored software and IoT driven systems. FlashParking's cloud-operating system integrates tailored software, while TIBA uses IoT to increase user-friendly Parking Access & Revenue Control Systems.
• FlashParking IQ provides instant revenue and occupancy insights. TIBA employs IoT for streamlined airport parking access and revenue management, reducing costs.
• Flash & TIBA streamline access, while security is paramount with Azure & data policies. FlashParking prioritizes security with Microsoft Azure integration, while TIBA ensures privacy through data policies.
• According to Ken Research, the US Parking Management market is expected to reach $9 billion in 2028, due to increasing population & different kinds of vehicles increasing in number, which demand different kinds of parking services for every parker.

1.Parking Perfected: Unleashing Innovation with FlashParking & TIBA Solutions

TIBA Parking Cloud Service Solutions & Maintenance

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FlashParking offers parking management systems for access & revenue control, valet & for events that require parking management software programs that are configured for each location. Once the physical hardware is installed, the functionality of parking management software directly into parking space location FlashOS, which is a cloud-operating system.

Similarly, TIBA Parking Solutions are also a leading manufacturer of Parking Access & Revenue Control Systems implementing latest cloud & processor techniques.

A highlight of TIBA’s Cloud Service involves the fact that the user can enjoy the benefits of latest software version without the hassles of upgrading. Using smart parking solutions improves customer experience & optimize parking space utilization.

2.Real-Time Insights with FlashParking IQ & IoT innovation by TIBA

FlashIQ dashboard

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FlashParking provides an intelligence solution named FlashParking IQ which provides real time insights like revenue & occupancy, knowing the health of an operator at a given site & reporting on custom locations groupings, which can be created to analyze regional movement trends, identify rural & suburban commute patterns & to highlight demand gaps.

TIBA Parking Solutions utilizes IoT services to develop innovative, centralized airport parking access & revenue management systems for the airport parking industry, resulting in reliable-user friendly products that lowers the price of initial acquisition & cost of ongoing maintenance.

According to Ken Research, the US Parking Management market is expected to reach $9 billion in 2028, due to increasing population & different kinds of vehicles increasing in number, which demand different kinds of parking services for every parker.

3.Mobile Access & Bluetooth Innovations with FLASH & TIBA apps

TIBA Control app features, by TIBA Parking Systems

Both the platforms provide easy access for their customers through their modern, tech savvy mobile platforms like FLASH app & Flash Valet app, for payment, validation & monthly parker access with a faster & user-friendly experience, while using technologies like Bluetooth.

TIBA Parking Solutions has a Mobile access for its monthly users where they can simply tap their phones & can seamlessly enter & exit the parking complex. It reduces the process of purchasing badges or tickets by simply enter, park & go. Apart from Mobile Access, there is Blue Access & Validation which facilitate parking management with a smartphone or Bluetooth connectivity.

4.FlashParking & TIBA- Where Security & Privacy Drive Innovation

Payment Card Industry (PCI) Data Security Standards (DSS) requirements

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Offering the highest level of security has been a top priority for FlashParking & they’ve built their platform on Microsoft Azure. The FlashOS platform provides a secure approach for payment processing which has made Flash an accredited provider of security services, as per the Payment Card Industry (PCI) Data Security Standards (DSS) requirements.

TIBA Parking Solutions is committed towards maintaining the privacy of its users- parking operators & their clients. These policies dictate how the information is collected & why is the information collected, how is the information used & their clients rights on how the information is collected. Every user of TIBA Parking Solutions is required to abide by the Privacy policy set by the company.

Conclusion

FlashParking's cloud-operating system and TIBA's IoT-driven advancements, they optimize parking space utilization and enhance customer experiences, by innovating hardware & software solutions. The emphasis on real-time insights, mobile access, and stringent security measures underscores their commitment to driving efficiency, convenience, and privacy in the evolving landscape of parking management. FlashParking and TIBA Solutions represent a synergy of cutting-edge parking management technologies.

Sullair's Resounding Dominance: Revolutionizing the US Air Compressor Market with Innovation and Global Reach

 Sullair is one of the leading manufacturers of air compressors in America. Apart from the United States, Sullair also has active operations in regions like Australia, the United Kingdom, the Middle East, and European countries. The company offers a variety of products such as Portable, stationery, and oil-free air compressors.

Story Outline

• The Company’s headquarters is located in Chicago, IL, US has a manpower strength of 900 employees globally and recorded a revenue of $220 Mn in 2022.
• Sullair has witnessed remarkable growth in sales due to its continued innovation and advancement in portable air compressors
• In 2019 Sullair announced the expansion of its operations in North America operations by investing around $30 Mn to construct a new 80,000-square-foot manufacturing plant in Michigan City America.

According to Ken Research, with an export value of $1.96 billion in 2022, the US air compressor market ranks third in the globe in terms of air compressor market, only behind China and Germany.

Additionally, the market is subjected to growth at a CAGR of 5.9% between 2022-2027. Sullair is dominating the US air compressor market with a focus on portable and stationary rotary screw air compressors made specifically for industrial and commercial use.

1. Overview of Sullair, L.L.C.

• Sullair was established in the year 1965 in the town of Michigan City, Indiana, USA by Donald C. Hoodes. In April 2017 the company was acquired by Hitachi for $ 1.24 Bn, a Japanese multinational conglomerate.
• The Company’s headquarters is located in Chicago, IL, US has a manpower strength of 900 employees globally and recorded a revenue of $220 Mn in 2022.
• Sullair offers different types of products in air compressors such as Portable, stationery, and oil-free air compressors and has active operations globally in countries like Australia, the United Kingdom, the Middle East, and European countries
• The company has enhanced its market share under the direction of CEO Charlie Takeuchi and under his vision the firm is dedicated to equality, diversity, and inclusion.

 2.Sullair's Position in US Air Compressor Market

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• Sullair has a number of manufacturing facilities all over the country with its biggest manufacturing facilities in Michigan City. Additionally, the company has its manufacturing facilities located in international markets such as China, Australia, and New Zealand.
• In 2022, Sullair has witnessed remarkable growth in sales compared to the previous year in the US air compressor market. The growth is the result of its continued innovation and advancement in portable air compressors that cover almost 80% of the US air compressor market in the product segment.
• With the company’s merger with Hitachi Group, Sullair got exposed to more international markets due to the resources of Hitachi Group. In 2022, Sulalit air compressors systems in over 40 countries.

3. Merger and Acquisitions of Sullair, L.L.C. in US Air Compressor Market

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• In the year 2008, Suzhou, China welcomes the opening of a second plant by Shenzhen Sullair Asia Company, Ltd. under the name Suzhou Sullair Air Equipment Company, Ltd.
• In 2019 Sullair announced the expansion of its operations in North America operations by investing around $30 Mn to construct a new 80,000-square-foot manufacturing plant in Michigan City America. This will enable the company to enhance its capacity and manufacturing of air compressors.
• Sullair made it public at the end of 2022 that the company has acquired two major compressed air distributors of California named California Compression and CDA Systems for a disclosed amount.

4. Major Competitors of Sullair, L.L.C. in the US Air Compressor Market

• Some of the competitors of Sullair are Atlas Copco, Gardner Denver Inc., Kaser Kompressoren, Ingersoll-Rand Plc, Rolair System, Elgi Compressor USA Inc., Hitachi Industrial Equipment Systems Co. Ltd., Chat Industries, Ciasons Industrial Inc., Aerzener Maschinenfabrik Gmbh, Quincy Compressor, Bauer Compressors Inc, and Others.
• In June 2023, Chat Industries and Avina Clean Hydrogen Inc. began a strategic relationship to deliver Howden compressors from Chat Industries to Alvina's green hydrogen factory in southern California.
• Recent releases from Altas Copco include their oil-free, 100% certified, and rotary screw compressor-equipped ZR/ZT series of air compressors. In addition, the business paid an unknown sum for the UK-based airflow compressor & Pneumatics Ltd.
• In the year 2021. Sulzer Ltd. made a significant investment in Tamturbo Plc in 2020, buying a 25% stake in the producer and developer of oil-free air compressors.

Conclusion

Sullair, L.L.C., a trailblazing force within the US air compressor industry, has cemented its reign with brilliant progressions and a worldwide impression. Positioned as a frontrunner beneath CEO Charlie Takeuchi's direction, Sullair's range of portable, stationary, and oil-free air compressors resonates across businesses around the world. Supported by Hitachi Group's assets post-merger, Sullair's exponential development rises above borders, with outstanding market share gains. Pioneering advancements in portable compressors have catapulted Sullair to command about 80% of this section. With key acquisitions and developments, including a California foothold, Sullair exhibits vital agility. In the midst of competitors like Atlas Copco and Altas Copco, Sullair's journey remains a testament to change, impelled by cutting-edge innovation and a faithful commitment to industry leadership.

Domination of the General Health Insurance Sector: Allianz Care's Success Story

 As the world environment changes, so too are the needs of our clients, be they a large multinational, a small company, an intergovernmental organization or a private family. Allianz Partners is addressing these needs, with its partners, through a greater range of support services, digital innovation and connectivity, making life simpler, easier and safer for clients.

• Competitive landscape of Allianz care with respect to other players
• Main areas where Allianz care is providing its services
• New plans and ventures has been launched by Allianz care resulting in lead the global health insurance market
• Allianz Care is excelling in the Health insurance sector in recent years all across the globe.

1. Allianz care is excelling in the Global health insurance market

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The Allianz Group serves 122 mn customers in more than 70 countries. It has around 159,000 employees worldwide, the on the insurance side, Allianz is the market leader in the German market and has a strong international presence.

In fiscal year 2022, the Allianz Group achieved total revenues of approximately 153 bn euros. They handle over 71 million cases each year.

Allianz care provide a variety of services to its customers like International Health Insurance, long life health insurance, Short-term and Emergency Health Care Insurance and Life & Disability Insurance. They provide this insurance for both their customers as well as employees.

2. New launches and plans planned by Allianz care helping in the growth of market

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Allianz Partners, one of the world’s leading insurance and assistance providers, has today announced a preferred partnership deal, which will see it take on the majority of Aetna International’s health insurance portfolio outside the Americas, Thailand, and India. Customers include large multinationals, SMEs and private families.

Aetna International selected Allianz Partners for this partnership deal to ensure that its customers can be migrated to a reliable and well-established international health insurer that can offer a high level of cover and service internationally.

Allianz Partners is also taking on a number of Aetna International employees whose expertise will help ensure a smooth transition.

Allianz Partners has announced three significant enhancements to their suite of health plans, the new Allianz Summit plan, the Allianz care, and thirdly a app is launched named Wysa. These is the significant plans on which Allianz is working upon.

3. Main areas where Allianz is providing the insurance market

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Allianz Partners plans to have an even bigger footprint in Asia Pacific, across Hong Kong, Indonesia, Philippines, Thailand and Vietnam, and in the Middle East and Africa, including Bahrain, Kuwait, Oman and Morocco. Offering even stronger regional support to its customers.

Allianz is also providing support the Ukraine war effected people. It is providing support by health insurances and providing basic amenities as well.

Allianz care also announced a partnership with ICE Mozambique to improve the company’s position in Africa. It also launched a new private HI plan to meet the needs of modern families, which are mainly focused in moving their families across US, Europe, Middle East and Asia.

4. What holds in future for Allianz care market with respect to its competitive landscape?

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Allianz care has a strong hold in the future of the global health insurance market. It has collaborated up with companies, which could confirm its lead in the outlook.

Allianz Partners announces its partnership with On Location, the Official Hospitality Provider of the Olympic and Paralympic Games Paris 2024, to offer protection for the hospitality packages.

Major players in the sector of Global health insurance is Cigna Corporation, AIA Insurance Group, UnitedHealth Group Inc., Allianz SE, Zurich Insurance Group Ltd., Express Scripts Holding Company, AXA, Aviva plc, Aetna, Inc., Apollo Munich Health Insurance which are competing with Allianz care.

In June 2018, UniCredit entered into a partnership agreement with the Allianz Group in Europe. This agreement aimed at integrating the Allianz’s insurance expertise with UniCredit’s banking franchise in European market.

CONCLUSION

Allianz care is a leading player in Global health insurance market. Revenue of Allianz care is increasing year-by-year and gaining speed in its trust among its partners.

Health insurance is a necessary deposition of economy, which could help in emergencies. Allianz provide different types of insurances, which could reach anyone in need.

It helped them to grab a broad target among insurers. Allianz’s strategic plans are making it led in the sector and it will continue to grow in the future as well.

How will Smart Parking Solutions for Germany help it exceed the projected growth of double digit CAGR by 2028?

 The rise of shared mobility services, such as car-sharing and bike-sharing, has influenced parking demand. Germany Parking management strategies are adapting to accommodate the changing patterns of vehicle ownership and usage, which can impact parking infrastructure planning.

Smart parking solutions won't exist in isolation. They will seamlessly integrate with various modes of urban transportation, including public transit, ride-sharing services, and micro-mobility options. This holistic approach to mobility management enhances urban accessibility and reduces the reliance on personal vehicles.

Advancing parking management opportunities

1. Rising demand for parking space is driving Germany’s Parking Management market?

Opportunities In the Parking Management Market

The parking management industry is expanding due to the rising demand for effective parking space usage worldwide. Today's increased automobile population leads to global mismanagement of parking places. The authorities managing parking spots invest more money in cutting-edge parking management technologies for maximum company performance and error-free operations. In large cities and non-residential regions, for example, between 50 to 70 percent of the land is designated for parking, as opposed to the global average of 35 percent in residential neighborhoods, while there are 8 parking spaces available for every vehicle in Germany. As a result, it is anticipated that demand for parking management systems will increase throughout the projection period due to the increased need for optimal parking space usage.

2. Parking Management Market Segmentation: Off-Street vs. On-Street Parking - Key Insights and Projections?

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Australia Parking Management Market Segmentation by Parking Site, 2022

The Parking Management Market is categorized into two segments based on parking site type; off-street parking and on-street parking. In 2022, the off-street parking sector dominated with a considerable market share due to the challenges posed by the increasing number of vehicles on the streets. Off-street parking is preferred for its convenience, speed, and reliability, making it an essential component of traffic management strategies.

Conversely, the on-street parking segment is projected to witness significant growth in the forecast period. This growth is attributed to its ability to improve access to public transportation stops and stations, while also addressing the issue of obstructive and disorderly parking on the streets. As cities prioritize efficient use of public spaces and aim for better urban mobility, on-street parking solutions play a crucial role in promoting smoother traffic flow and reducing congestion.

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3. The rise of automated parking management services is driving the future of Germany’s parking market.

Automated parking solutions

Technology plays a critical role in transforming the parking management landscape, leading to increased efficiency, improved user experience, and optimized space utilization. The growing trend of automation in parking services is revolutionizing the way parking spaces are managed and accessed.

One of the significant advancements in parking management technology is the development of automated parking systems. These systems utilize various technologies such as machine learning, computer vision, sensors, and data collection to enable vehicles to park without the need for human intervention. Automated parking solutions can locate available parking spaces, guide drivers to the nearest spot, and even park the vehicle automatically. mobile applications and digital platforms play a vital role in technology-driven parking management. Mobile apps provide drivers with real-time information about available parking spaces, enable cashless payments, and allow for advanced reservations. Users can plan their parking in advance, reducing the time spent searching for parking and contributing to a more seamless traffic flow.

The parking management market is witnessing a transformative phase, driven by technological advancements and changing consumer needs. The integration of smart parking solutions, IoT-based sensors, real-time data analytics, and seamless payment systems has revolutionized the way parking is managed and experienced. As urbanization and vehicle ownership rates continue to rise, the demand for efficient parking solutions is expected to grow exponentially.

Aparna Enterprises Eyes FY24 Expansion with Rs 150 Crore Pledge: Ken Research

 Aparna Enterprises, a prominent player in the construction and building materials industry, has announced its strategic commitment of Rs 150 crores to fuel growth initiatives during the fiscal year 2024.

Story Outline

• Strategic Growth Investment: Aparna Enterprises, India's fast-expanding building materials manufacturer, allocates Rs 150 crores in FY24 to amplify growth, meeting surging industry demand and bolstering market position effectively.
• Holistic Expansion Plans: Complementing ambitious expansion goals, the investment targets multiple construction sectors. Funds will enrich manufacturing, research, and new business avenues, showcasing a comprehensive strategy.
• Industry Confidence: Aparna Enterprises' substantial investment reflects its trust in the industry's expansion and innovation potential. A market-savvy approach primes the company to leave a significant imprint across segments.
• Innovation Catalyst: The investment embodies Aparna Enterprises' commitment to evolving market needs. Positioned for cutting-edge solutions amid changing preferences and tech advancements, it is poised to reshape the construction landscape.

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Aparna Enterprises, the most rapidly expanding manufacturer of building materials in India, has announced its plan to invest Rs 150 crores in the fiscal year 2024. This investment aims to accelerate the company's growth and facilitate its expansion to effectively address the increasing demand within the industry. This significant strategic decision underscores the company's unwavering commitment to providing exceptional products and services that align with India's ever-evolving infrastructural requirements.

The move comes as part of Aparna Enterprises' ambitious expansion plans aimed at reinforcing its presence across various sectors within the construction industry. The allocated funds will be channeled into a range of initiatives, including the enhancement of manufacturing capabilities, research and development efforts, and the establishment of new business avenues.

Aparna Enterprises' decision to allocate such a substantial amount for growth signifies its confidence in the industry's potential for continued expansion and innovation. The company's strong market understanding, coupled with its commitment to quality and innovation, positions it favorably to make a significant impact across segments.

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This strategic investment aligns with the company's core values of delivering superior products and services that cater to the evolving needs of the market. As the construction landscape evolves with technological advancements and changing consumer preferences, Aparna Enterprises aims to leverage this commitment to stay ahead of the curve and provide cutting-edge solutions.

In conclusion, Aparna Enterprises' commitment of Rs 150 crores to drive growth in FY24 stands as a testament to its determination to lead and innovate within the construction and building materials sector. As the company channels these funds into strategic initiatives, it is poised to shape the industry's trajectory, offering advanced solutions and contributing to India's infrastructural advancement in the coming years.

Top 4 players in US Black Carbon market

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STORY OUTLINE

1. Cabot Corporation: A leading contributor of US Black Carbon market since 1882. Their products are known to provide UV protection and conductivity.
2. Birla Carbon: An Indian flagship business with more than 160 years of experience in the Black Carbon business.
3. Continental Carbon Company: Providing Black Carbon products in lines of Industrial Rubber Carbon Black, Tire Rubber Carbon Black, and Specialty Carbon Black since 1936.
4. Orion Engineered Carbons: Providing Black carbon products majorly in two areas, i.e., Rubber Black Carbon and Specialty Black Carbon for more than 160 years.
5. According to Ken Research, the United States Black Carbon market is anticipated to become a ~USD 3 Bn. industry by 2028 by growing at a CAGR of ~2.5%.

The US Carbon Black market is rapidly growing and is anticipated to attain a significant level of growth in the upcoming years.

There are many reasons behind the growth of US Carbon Black market. Some of these reasons include increasing automotive sales, industrial growth and increase in urbanization rates, along with rise in the demand for rubber goods.

Various companies and players are contributing to their best efforts in the growth of the US Black Carbon market.

This article aims to put light on the contributions done by the major players towards the growth of the US Black Carbon market.

1.Cabot Corporation

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Founded in 1882, headquartered in Boston, Massachusetts, having more than 4000 employees worldwide, and presence in more than 20 countries along with a total revenue of USD 4 Bn. in 2022, this chemical company is a leading contributor of US Black Carbon market.

During 1993, their team was successful in developing a method or process of modifying carbon’s surface, which in turn allowed people to be able to change or modify the carbon surface with other chemicals.

This discovery also led to the development of various other technologies such as printer ink and inject colorants.

The products made by this organization has various applications in various fields such as consumer rubber products, adhesives & sealants, construction, digitalization, inject technology, oil, gas & mining, digitalization, fiber, plastics, tires, etc.

When it comes to Black Caron, this chemical company happens to be the largest producer of it. Some of the popular Black Carbon products offered by this organization include VULCAN, BLACK PEARLS, REGAL, MOGUL, ELFTEX, STERLING, MONARCH, etc.

One of the most amazing feature of their specialty carbons is that they are known to provide ultraviolet protection, and conductivity. Furthermore, these carbons are generally used in the areas of coatings, plastics, printing and packaging.

2.Birla Carbon

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Birla Carbon is one of the flagship business of the parent company Aditya Birla Group. This flagship business is the largest producer of carbon black and is a well-established business not only in the US Carbon Black but in the whole world when it comes to black carbon.

One of the interesting facts about this organization is that it has more than 160 years of experience when it comes to the Carbon industry. Moreover, this organization has 16 manufacturing sites, 2 corporate offices, 2 technology centers, and 8 offices situated in the whole world.

Their manufactured Black Carbon is primarily used in areas of Tires, Specialty Blacks, plastics, electronic products, and mechanical rubber goods.

Last year, they also have opened their remote black carbon showroom which is primarily done to get a knowledge of benefits along with applications of black carbon products.

Their black carbon primarily come in two types, i.e., Industrial and Rubber. Former’s products include COPEBLACK, RAVEN, and CONDUCTEX. While the latter’s products include STATEX and FURNEX.

Recently, they also announced that they aspire to achieve zero carbon emissions by the year 2050.

To achieve this aspiration, they are also following the Green Finance framework. Birla Carbon is also keen to achieve sustainability excellence. In fact, last year the celebrations for their decade of sustainable excellence were also done.

3.Continental Carbon Company

Headquartered in Houston, Texas; with more than 500 employees and presence in almost 15 countries, the Continental Carbon Company is a leading American company in the US Black Carbon market. This company has been in this market since 1936.

They have various lines of work within their Black Carbon range. Industrial Rubber Carbon Black, Tire Rubber Carbon Black, and Specialty Carbon Black are primarily the three of their product lines.

Their Industrial Rubber Carbon Black is suitable for many things such as flex strength for belts & hoses, weather stripping, abrasion resistance for footwear, and commercial roofing. The products in this line include N550, N650, N660, N683, N762 and N774.

Their Tire Rubber Carbon Black is primarily provides fuel mileage, abrasion resistance, treadwear, hysteresis. The products in this category include N234, N326, N330, N351, LH30, N550, N650 and N660.

Their Specialty Carbon Black typically provides conductivity, UV protection, and pigmentation. The products in this category primarily include SBX152, SBX252, SBX352, SBX452, SBX552, SBX652, SBX256, SBX656, SBX 251, and SBX351.

4.Orion Engineered Carbons

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Operating in the Black Carbon market for more than 160 years, this German company is a well-established company in the US Black Carbon market. It has its headquarters situated in Luxembourg, Europe. On the other hand, its executive offices are situated in Houston, Texas, US.

This company was formed in the year 2011 when the Evonik Industries decided to sell off their Black Carbon business. Now this chemical company is known to be the pigment black’s largest producer, and rubber blacks’ third largest producer in the world.

Their product lines can be broadly divided into two categories: Rubber Black Carbon and Specialty Black Carbon. The former is primarily used in the tire industry while the latter is typically used paints, coatings, and lithium-ion batteries.

Footwear, Wiper Blades, Gaskets, Seals, Extruded Profiles, Tubes, Rubber flooring, Anti-vibration engine mounts, Seals, Belts, etc. are the primary applications of their Black Carbon products.

Their Black Carbon products primarily include Thermal Blacks, Furnace Blacks, Specialty Gas Blacks, Lamp Blacks, Acetylene Blacks, etc. 

Uncovering the Growing US Food Allergen Testing Industry

 What Is the Size of US Allergen Testing Industry?

The US food allergen testing market is growing at the CAGR rate of ~7% during the forecast years 2022-2028.

The US food allergen testing market is expected to continue to grow driven by the rise in demand for food allergen testing for general awareness and rising cases of allergies.

According to the Centers for Disease Control and Prevention (CDC), more than 170 foods have been reported to cause allergic reactions, Main foods from where there is a chance for allergy in people of all age groups is milk, eggs, peanuts, tree nuts, wheat, soy, fish, and crustacean shellfish.

Milk, eggs, and peanuts account for the majority of the allergic reactions in young children, and peanuts, tree nuts, and seafood (fish and crustacean shellfish) account for the majority of the reactions in teenagers and adults.

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The prevalence of food allergies is increasing, also contributing in increased awareness and detection of food allergies, reduced exposure to microbes early in life, changes in food manufacturing practices, and alterations in the human microbiome, thus further fueling growth in the market.

US Food Allergen Testing Market by Technology Type

The US food allergen testing market is segmented by type into Biosensors-based, Immunoassay-based/ELISA, PCR, and Other Technologies

The dominant segment in the technology type in US food allergen testing market in dominant in 2022 is PCR technology.

Several factors are expected to contribute to the increased market share of PCR technology in the food allergen testing industry in the United States during the forecast period. These include the growing demand for reliable and efficient food testing methods, increasing awareness of food allergies among consumers, and the implementation of stringent food safety regulations by the government.

PCR technology is becoming increasingly popular due to its high sensitivity and capability to detect allergenic proteins even at low concentrations.

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US Food Allergen Testing Market by Component Type

The US Food allergen testing market is segmented by component type into sub divisions of children (0-3, 4-5, 6-10 and 11-17 years) and adults (18-30, 31-40, 41-50, 51-60 and Above 60 years).

The dominant segment of end user application in food allergen testing market in 2022, of United States is Children (with age 0-3 years).

Children between the ages of 0-3 years have the largest population share in the United States food allergen testing industry. The United States food allergen testing industry is expected to see the highest market share for immunoassay testing in children between the ages of 0-3 years.

This testing method is widely used as it is highly sensitive and specific and less invasive than other methods, making it a preferred choice for young children. With the increasing prevalence of food allergies in this age group, the demand for immunoassay testing is expected to rise, leading to a higher market share.

US Food Allergen Testing Market by Regional Split

The US food allergen testing market is segmented in to north, south, east and west region of United States.

The dominant region in the food allergen testing market in the year 2022 is the Eastern region of United States with comparison to other regions.

Eastern Region of US specially New York dominated the U.S. (state-by-state analysis) food allergens testing market owing to the higher level of investments by U.S. manufacturers, and increasing prevalence of food allergies in U.S. Northern region will continue to dominate the advanced wound care market in terms of market share and market revenue.

They will continue to flourish their dominance due to the growing adoption of advanced technology and the launch of new products in this state. Additionally, the increasing number of cases of chronic allergies and the rising geriatric population is expected to enhance the market's growth rate in this state.

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Competition Scenario in US Allergen Testing Market

Major companies listed in the report are Eurofins Scientific, Microbac Laboratories Inc (U.S.), Gold Standard Diagnostics, Thermo Fisher Scientific Inc, Romer Labs, NEOGEN Corporation, HollisterStier Allergy, Minaris Medical America, Inc., are the top players offering transformer services.

There are about ~500 US food allergen testing service provider companies in US with majority of them offering their services in the country. US food allergen testing market is moderately concentrated with ~6-7 players are dominant. Players like Eurofins Scientific, and Microbac Laboratories Inc. (U.S.). are competing on innovations and engineering.

Gold Standard Diagnostics, Thermo Fisher Scientific Inc. are Romer Labs, are competing on domination on bigger market size. NEOGEN Corporation, HollisterStier Allergy are Minaris Medical America, Inc. are expanding their international value and emerging as new competitors in the food allergen testing market. These players, which are majorly providing their services in food allergen testing market, are the top tier players that are giving tough competition in the market.

What Is the Expected Future Outlook for the Overall US Food Allergen Testing Market?

US food allergen testing market has expected CAGR in future outlook is ~7% from forecast year of 2022-2028.

Growing awareness about food allergies and their potentially severe consequences will continue to drive the US food allergen market.

Consumers are increasingly demanding clear allergen labeling and safer food options, prompting food manufacturers to invest in rigorous testing and allergen-free product development.

Ongoing regulatory updates and stricter labeling requirements will be a major growth driver.

Government agencies are likely to mandate more comprehensive allergen testing, pushing companies to adopt advanced technologies and compliance measures.

The rising incidence of food allergies, especially among children, will fuel market growth.

This demographic trend necessitates increased allergen testing, as parents and caregivers seek safe food options for allergic individuals, driving demand for allergen-free products and testing services.

Continuous advancements in allergen detection technologies, such as DNA-based testing and rapid allergen detection kits, will be pivotal in market expansion.

These innovations offer quicker, more accurate, and cost-effective solutions, encouraging their adoption across the food industry.

The globalization of food supply chains will intensify the need for comprehensive allergen testing.

As food ingredients and products cross borders, there will be a growing demand for stringent allergen control measures to prevent cross-contamination and ensure product safety, further boosting the market.

In conclusion, the US food allergen market is poised for significant growth in the coming years, driven by a confluence of factors including heightened awareness, stricter regulations, the increasing prevalence of food allergies, technological innovations, and the globalization of food supply chains.

Top 5 Electric Vehicle Companies and Strategies in the Brazil Electric Vehicle Market

 Electric Vehicle is powered by electricity instead of traditional internal combustion engines, contributing to cleaner and more sustainable transportation. The market is loaded with electric cars, buses, trucks, and charging infrastructure, along with innovations in battery technology and sustainable mobility solutions. Let’s have a look at some of the top companies and their investments and innovation in Electric Vehicle Market.

• BYD's Multifaceted Sustainability: With innovation in electronics, autos, new energy, and rail transit, BYD commits to sustainability. Over 30 global parks and '0' emission solutions in Brazil show its environmental dedication. BYD ranks 4th in EV Market, with lithium iron phosphate focus aligning with Brazil's trends.
• Renault's Green Shift: Established since 1960s, Renault invests in 5 new EVs, including 2 in Brazil, showcasing its eco-friendly vision.

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• Nissan's Electric Future: Nissan's Millions of investments target Brazilian EV production, cementing its role in the nation's EV expansion.
• JAC Motors' Accessible EVs: JAC's affordable "iEV20" makes green mobility accessible in Brazil; local production and collaborations amplify its impact.
• According to ken Research, Brazil Electric Vehicle expected to reach US$ 2 Billion by 2028.

The Electric vehicle Market of Brazil is driving growth at an amazing level. Rising environmental awareness, government incentives, expanding charging infrastructure, lower operating costs, and technological advancements are driving Brazil's EV market growth.

These factors are promoting eco-friendly mobility, incentivizing adoption, and enhancing the practicality of electric vehicles in the country. This article provides an in-depth look at major electric vehicle manufacturing companies with their strategies, innovations and investments.

India's UPVC Door and Windows Market Set to Soar: Exploring Factors Driving the 2027 Boom!

 The growth projections for India's UPVC door and windows market are promising. Industry experts estimate that the market will experience a CAGR of around ~11.3% from 2022 to 2027.

Story Outline

• UPVC Demand in Evolving Real Estate: India's real estate evolution sees surging demand for UPVC doors and windows, driving market growth towards modernization by 2027.
• Government's Role in Housing Evolution: Government investments anticipate increased urban housing demand, driven by initiatives like the Urban Infrastructure Development Fund, reshaping the real estate landscape.
• Influential Market Factors: Rising personal income aligns with infrastructure growth, while climate resilience and affordable housing policies contribute to evolving market dynamics.
• PVC Resin's Pricing Influence: PVC resin pricing, swayed by demand, inventories, and oil costs, showcases sensitivity as historical trends indicate. Future trends remain molded by these factors.

India's real estate and construction sectors have been experiencing rapid development, with a noticeable shift towards modernization and efficiency. One significant aspect of this transformation is the increasing demand for UPVC (unplasticized polyvinyl chloride) doors and windows. This trend is driven by a variety of factors that are projected to lead to substantial growth in the UPVC door and windows market in India by the year 2027.

1. Government's Mega Investment Plans Set to Reshape the Market

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Anticipated government initiatives and investments in the real estate sector are predicted to generate a surge in demand for the construction of new housing units, particularly in urban centers such as Delhi and Bangalore.

The upcoming period envisions new building construction taking the lead in market dominance. This trend is predominantly attributed to the robust infrastructural advancements in the northern and central regions of the nation.

The initiation of the Urban Infrastructure Development Fund, backed by a substantial INR 10,000 Cr. investment in the Union Budget 2023-24, exemplifies a proactive stride towards holistic national advancement. 

2. Impactful Industry Factors: Income Rise, Climate Challenges & More…

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The rise in Personal disposable income is set to drive market demand, fueled by infrastructure development. Demand for door and window systems are expected to increase due to its ability to withstand extreme climatic conditions.

High emphasis by the Government on the housing scheme presents strong opportunity in the urban affordable housing segment. Increased consumption of PVC resin by the US and other countries will lead to price escalation if production is limited.

3. PVC Resin Price Faces Ripple Effects

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The price of PVC resin is affected and expected to rise in future owing to various factors such as increase in demand, inventories, and oil prices.

The cost of PVC resin is subject to periodic fluctuations. Notably, it surged significantly from INR 64.0 per Kg in 2015 to INR 111.0 per Kg in 2022. This increase is attributed to heightened end-user demand, elevated oil prices, and reduced domestic supply.

The escalation in PVC resin prices stems from heightened demand for end-use products, oil price hikes, and decreased domestic supply. Additionally, the forthcoming years will witness PVC resin pricing influenced by end-use product availability and various other factors.

Top 5 players in US Biosimilar Market

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STORY OUTLINE

• Pfizer: Excelling in the line of Biosimilar drugs with an experience of more than 10 years with presence in over 180 countries.
• Amgen: Making pharmaceutical products with an experience of over 40 years and presence in over 100 countries.
• Viartis: Presence in over 165 countries, and making Biosimilar drugs in over 75 markets, this pharmaceutical company is another leading contributor of US Biosimilar market.
• Coherus Biosciences: Increasing patient access to cost effective medicines with a Biosimilar drugs experience of 13 years.
• Biogen: serving humanity through science with a experiences of more than 40 years in the field of biologics.
• According to Ken Research, the US Biosimilar market is anticipated to grow at a CAGR of ~40% in the next five years which currently has a market size of ~USD 9.4 Bn.

The US Biosimilar market is rapidly growing and will be witnessing a significant growth in the next five years.

There are various reasons behind the rapid growth of US Biosimilar market. Some of the major reasons behind the growth of US Biosimilar market include the cost effective nature of Biosimilar drugs, rising geriatric population, rising prevalence of chronic diseases, and growing partnerships between companies to develop Biosimilar drugs.

Various companies and players are contributing to their best efforts in the growth of the US Biosimilar market.

This article aims to put light on the contributions done by the major players towards the growth of the US Biosimilar market.

1.Pfizer

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Pfizer is a leading American pharmaceutical company which is operating in the field of generics or original drugs for more than 30 years. But did you know that this pharma not only manufactures biologics but also biosimilar drugs?

Pfizer has been in the business of biosimilar drugs for more than 10 years and have been quite successful as well. With more than 83,000 employees and presence in over 180 countries, this leading pharmaceutical company made almost USD 2 Bn. revenue only from its Biosimilar drugs sale in 2021.

Recently, this pharmaceutical company also collaborated with Samsung in two deals to produce various biosimilar drugs in South Korea. The deal size between these two companies happens to be approximately USD 900 Bn.

The major Biosimilar drugs of this pharmaceutical giant are primarily

• ZIRABEV (a Biosimilar of Avastin)
• TRAZIMERA (a Biosimilar of Herceptin)
• RUXIENCE (a Biosimilar of Rituxan)
• RITACRIT (a Biosimilar of Epogen)
• NVYEPRIA (a Biosimilar of Neulasta)
• NIVESTYM (a Biosimilar of Neupogen)
• FILGRASTIM (a Biosimilar of Neupogen).

2.Amgen

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Amgen is another leading American pharmaceutical company which not only makes Biologics or generic drugs but also Biosimilar drugs. This pharmaceutical company has more than 40 years of experience when it comes to pharmaceutical line.

With over 25000 employees and presence in over 100 countries, this pharmaceutical company earned about USD 2 Bn. from their three biosimilar drugs which are reportedly MVASI, KANJITNTI, and AMJEVITA.

This pharma giant has also invested about USD 2 Bn. in the development of Biosimilar drugs.

This pharmaceutical company has made Biosimilar drugs primarily in 4 fields which are General Medicine, Oncology, and Hematology along with, Inflammation.

• EPOTEIN ALFA
• AMJEVITA
• AVSOLA
• KANJINTI
• MVASI
• RIABNI

are the various Biosimilar drugs of Amgen. And, STELARA, EYLEA, SOLIRIS are in their pipeline.

Recently Amgen revealed their Biosimilar report’s 8 version. It revealed a major information which said that the pharmaceutical company saved about USD 10 Bn. through their Biosimilar drugs in the past five years.

3.Viartis

 

Headquartered in Canonsburg, Pennsylvania, this American pharmaceutical company was founded only in 2020 yet they have achieved massive success in the pharmaceutical products with their revenue being USD 16 ~Bn. in 2022.

With presence in 165 countries and with over 45,000 employees worldwide, this pharmaceutical company makes pharmaceutical products in 10 areas which primarily are Cardiovascular, Dermatology, ophthalmology, Oncology, Gastroenterology, Women’s health, Infectious diseases, Diabetes & Metabolism, Immunology, CNS & Anesthesiology, Respiratory diseases and allergy.

Speaking of their first Biosimilar products, their first ever Biosimilar drug was launched in 2014. They have a variety of Biosimilar drugs which are primarily

• TRASTUZUMAB
• INSULIN ASPART
• PEGFILGRASTIM
• INSULIN GLARGINE-YFGN
• ADALIMUMAB
• BEVACIZUMAB

Their Biosimilar drug Insulin Glargine which is known as SEMGLEE was the first ever interchangeable Biosimilar drug in the United States which was FDA approved.

Their PEGFILGRASTIM also was the first ever FDA approved drug in the United States. They have launched their Biosimilar drugs in over 75 markets worldwide.

4.Coherus Biosciences:

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Headquartered in Redwood city, California this American pharmaceutical company earned a revenue of almost USD 211 Mn. In 2022.

With presence in over 55 countries and 300+ employees worldwide, this pharmaceutical company makes products in various areas such as solid tumors, non-small lung cancers, nasopharyngeal carcinoma, small cell lung cancer and hepatocellular carcinoma.

Speaking of their Biosimilar drugs, this pharma has been in the field of creating Biosimilar drugs since 2010 which has given them almost 13 years of experience.

This pharmaceutical company also disclosed that it plans to spend at least USD 1 Tn. on medicines worldwide, out of which at least 40% will be spent on Biosimilar drugs.

Their three major Biosimilar drugs which are also FDA approved include UDENCYA, YUSIMRY, and CIMERLI.

Udencya is a Biosimilar drug of Pegfilgrastim, Yusimry is a Biosimilar drug of Ranibizumab, and Cimerli is a Biosimilar drug of Adalimumab.

5.Biogen

Headquartered in Cambridge, Massachusetts, this American pharmaceutical company earned a revenue of around USD 10 Bn. in 2022.

This company happens to have an experience of more than 40 years when it comes to making pharmaceutical products.

With presence in over 80 countries and more than 9000 employees worldwide, this pharmaceutical company primarily deals in Neurology, Specialized Immunology, Neuropsychiatry, Ophthalmology, and Rare Diseases.

• ADUCANUMAB
• LECANEMAB
• TOFERSEN
• ZURANOLONE
• LITIFILIMAB
• BENAPALI
• FLIXABI
• IMRALDI

are some of their Biosimilar drugs.

With their Biosimilar drugs, more than 250,000 people have gone on Anti-Tumor Necrosis Factor therapy.

Recently, this pharmaceutical company also made an agreement with Bio-Thera solutions to develop a Biosimilar drug for the treatment of Rheumatoid Arthritis.