Nuclear Medicine Market Business Analysis, Growth and Forecast Report


The value of the nuclear medicine market was estimated USD 5,748.9 million in 2023, and it will power at a compound annual growth rate of 11.4% in the years to come, to touch a value of USD 12,249.6 million by 2030.

The growth of the industry is mainly attributed to initiatives of the government, which are aimed at improving access to effective diagnoses, a wide-ranging product pipeline, growing incidence of cancer, easy obtainability of medical insurance in developed economies, increasing consciousness of early diagnosis of the disease, tech progressions in imaging systems and radiopharmaceuticals, and growing elderly population.

On the basis of application, the oncology category led the nuclear medicine market, chiefly since cancer is an important reason of death all over the world. Poor lifestyle habits, for example smoking, taking unwholesome diet, and lack of physical activity, accompanied by a few infections and genetic tendency, contribute to its rising occurrence.

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Moreover, PET and SPECT and also hybrid PET/MRI and PET/CT are extensively put to use for the diagnosis of cancer, staging, and therapy monitoring.

In the years to come the hospitals will have the fastest growth in terms of end users, all over the globe.

Furthermore, hospitals offer complete, long-term services, such as diagnosis, operation, and post-operative care, which is the reason they are chosen by patients.

APAC will grow the fastest in the years to come, because of the increasing acquaintance with regards to nuclear medicine’s assistances and growing spending in this space.

For instance, Penang Adventist Hospital initiated a private nuclear drug center in Northern Thailand in March 2022. The conditions, which are diagnosed and treated at this center include lymphomas, thyroid cancer, hyperthyroidism, and bone pain instigated by dissimilar types of cancer.

The growing incidence of cancer and CVDs all over the world has a lot to do with the growing demand for nuclear medicine. And, this will continue to grow in the future as well.

Metal Coatings Market with Global Competitive Analysis, and New Business Developments


The construction industry has been growing rapidly over the past few years, in both developed and developing countries. As per the Bureau of Labor Statistics, the construction industry is registering 4.5 year-on-year growth rate and is further expected to become the fastest growing industry by 2020s. Other than this, the automotive industry is also witnessing swift expansion, particularly in Asia-Pacific. As per the Society of Indian Automobile Manufacturers, the automobile industry in India produced about 2.9 million vehicles in the fiscal year 2018, in comparison to 2.5 million vehicles in 2017.

This growth of the construction and automotive industry is resulting in the rising demand for metal coating products, which, in turn, is predicted to lead to the growth of the global metal coatings market in the coming years, according to a report by P&S Intelligence. These coatings are applied on metal for protecting the surface and reducing wear and tear. Since unprotected metal will eventually corrode and rust due to environmental exposure, it is coated with an extra layer of protection. The type of coating which is applied to a metallic surface is determined by which industry is going to make use of the substrate.


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Metal coatings are made up of different types of resins, namely polyester, fluoropolymer, plastisol, polyurethane, and siliconized polyester. Out of all these, the demand for polyester-based metal coating is projected to be significantly high in the coming years, which can be attributed to the uniform properties of this resin, such as hardness, good bendability, and gloss and resistance to chemicals, ultraviolet (UV) rays, and scratches. Polyester resins are further of two types, namely cycloaliphatic polyester and aromatic polyester. Aromatic polyester resin is utilized widely as it is cost-effective.

Out of all these, the building & construction industry made a significant use of metal coatings in the past. In the industry, metal coatings are applied on trims, heating, ventilation, & air conditioning systems, ceiling grids, purlins, railings, blinds, doors, and roof and wall panels. Geographically, Asia-Pacific emerged as the largest metal coatings market in the past, which can be attributed to the surging population, requirement for quality metal coating products, and rising innovations & developments in end-use industries in the region.

In conclusion, the demand of metal coatings is growing due to the expanding construction and automotive industry.

 

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Metal Coatings Market Share | Future Prospect Report, 2030

On the basis of resin type, metal coatings market is classified into fluoropolymer, polyurethane, polyester, plastisol, and siliconized polyester. Polyester resin type coatings hold a significant share in the market

Petroleum Coke Market Insight by Trends, Opportunities, and Competitive Analysis


Petroleum coke is a derivative of the refining procedure of crude oil. It is a solid material used for numerous commercial and industrial purposes, for example fuel in cement kilns and power plants. This can differ in appearance from black, to grey, to golden brown, contingent on its configuration and the refining procedure employed to produce it.

The sulfur in pet coke can also differ extensively, with some grades with low sulfur, while others have high sulfur content.

In a delayed coker, the filtrate is thermally cracked for producing light, more necessary products. In the procedure, a substantial portion of the feed is transformed into elemental carbon called pet coke. Petroleum refiners distinct coke from the other coker products and sell it as a product.

Petcoke prices can differ contingent on factors for example the type of pet coke, the location and the conditions of the market. The amounts are also influenced by demand and supply, along with taxes and transportation costs.


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What is the Difference Between Coal and Petcoke
Coal and petroleum coke are together fossil fuels, but made from diverse sources and have diverse properties. Petcoke, is a byproduct of the oil purifying procedure. It is made from heavy crude oil that has been purified to eliminate lighter components, leaving a heavy high-carbon deposit. Coal, in contrast, is a natural sedimentary rock chiefly made of carbon.

With regards to energy content, petcoke has an advanced value of heating than coal. There is a higher sulfur content in Petcoke than coal, a concern for air pollution, and thus degrading the quality of air. Though, petcoke can also be employed as a carbon source for industrial procedures, for example the aluminum and other metal production.

There is a number of uses of petcoke all over the world, and especially in the Asia Pacific regions, this is the main reason for the increasing demand for petcoke all over the world.