The global sulfur bentonite market size is projected to reach USD 130.58 million by 2025, registering a CAGR of 5.6% over the forecast period. Growing deficiency of the sulfur in soil is expected to drive the consumption of sulfur bentonite in agriculture sector globally.
The market is mainly driven by increasing concerns regarding poor sulfur content in the soil. Sulfur produces chlorophyll in plants, which is essential for absorbing nutrients through the process of photosynthesis. It also accelerates biochemical reactions in plants through the activation of enzymes to boost their immunity. Bentonite is used as a binding agent during product manufacturing and acts as a dispersing agent after the addition of the fertilizer to the soil. It aids in soil improvement by refining physical properties, strong water and nutrient retention capacity, and by the absorption of toxic elements.
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Oilseeds application led the Sulfur bentonite market with a volume share of 45.2% in 2018. The product helps the formation of sulfhydryl linkage in oil seeds, which is an important source of pungency in oils, hence improving the overall quantity and quality of the seeds produced. However, fruits and vegetables segment is anticipated to witness a lucrative CAGR of 5.1%, in terms of volume, over the forecast period.
The market value chain is characterized by the integration of players across diverse stages, majorly product manufacturers and end users, which results in the continuous supply of raw materials and lower cost of manufacturing. Companies such as Tiger-Sul, Montana Sulphur & Chemical Co., Coromandel International, and Devco Australia are integrated across the value chain. These companies manufacture various grades of sulfur bentonite fertilizer for global distribution.
Further key findings from the report suggest:
- Fruits and vegetables application accounted for a volume share of 21.9% in 2018 and is expected to witness the fastest growth over the forecast period
- Asia Pacific was the largest market for sulfur bentonite, accounting for 29.7% share, by revenue, in 2018. It is expected to expand at a CAGR of 6.2% from 2019 to 2025
- Major companies operating in the market continuously invest in R&D to improve the product quality. These companies have a strong foothold and better established and well recognized brands which make it difficult for the new players to compete in the market
- In 2017, Coromandel International Limited expanded its phosphoric acid production capacity by 300 tons per day and the capacity of other auxiliary facilities located at Sriharipuram to 9,900 tons per day
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The global ADME toxicology testing market size is expected to generate revenue of USD 10.25 billion by 2025, exhibiting a CAGR of 11.4% during the forecast period.
Factors such as increased need to check late-stage drug failures with adoption of more appropriate toxicity testing methods by pharmaceutical companies is expected to aid revenue generation for the market.Absorption, distribution, metabolism, and excretion (ADME) toxicology testing is used to test toxic reactions caused by molecules in clinical trials on factors and systemic reactions such as chemical, pharmaceutical, and genetic.
These toxicology testing procedures help in effective drug development, which limits or prevents toxic reactions to the body when administered.
Toxicity levels are decided on the results of a series of tests conducted in near natural conditions, which represent almost real-time reactions between the drug and host.As of 2017, approximately 43.0% of ADME toxicology testing areas carried out are based on cell culture tech.
Cell culture technology is adopted widely owing to advantages such as near natural conditions and accurate results obtained at a cellular level.These assays are conducted for several types of toxic reactions or systems where toxic reactions might take place.
Some of the toxicity tests are systemic toxicity, renal toxicity, hepatotoxicity, neurotoxicity, and other toxicities that might result in a living tissue.
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The global flight simulator market size is expected to reach USD 6.4 billion by 2027, expanding at a revenue-based CAGR of 4.2%, according to a study conducted by Radiant Insights, Inc. Increasing adoption of Full Flight Simulator (FFS) owing to high fidelity and reliability is expected to provide adequate growth prospects over the coming years.
Customers also opt for fixed Flight Training Devices (FTDs) on account of their low operational costs, modular approach, real-time aerodynamic aviation model, and remote configuration and management.
The company provides simulators with navigation trainer, which imparts practical instrument training by replicating different weather and environmental conditions.
Governments in several countries have enforced strict regulations regarding the use and significance of simulation training • Europe accounted for more than 30% of the overall market share in 2019 and is expected to exhibit a modest growth over the next eight years on account of the elevating enforcement of regulations pertaining to pilot training and passenger safety • In Asia Pacific, the flight simulator market is estimated to exhibit a substantial growth over the forecast period in light of the growing aviation industry, resulting in the increasing demand for aircraft simulators.
Middle East and Africa is also projected to showcase a substantial demand of over 5%, which is primarily be attributed to the presence of carriers including Emirates, Etihad Airways, and Qatar that are investing heavily in this industry • Prominent industry players include CAE, Boeing, L-3 Link Simulation and Training, Lockheed Martin, Rockwell Collins, Thales and Saab.
Market estimates and forecast by region, 2016 & 2027 (USD Million) (Million Units) Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/automotive About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
