Metal Organic Frameworks Market Estimated to Reach $1.70 billion by 2030 Globally, at a CAGR of 22.1%, says MarketsandMarkets™
Delray Beach, FL, Nov. 08, 2024 (GLOBE NEWSWIRE) — The Metal Organic Frameworks Market is projected to grow from USD 0.51 billion in 2024 to USD 1.70 billion by 2030, at a CAGR of 22.1% during the forecast period, as per the recent study by MarketsandMarkets. The growth of metal organic frameworks is driven by several factors. Rising demand for efficient gas storage solutions and increasing shift towards clean energy is driving the adoption of metal organic frameworks in several industries. Metal organic frameworks finds its uses in gas adsorption, gas separation, sensing & detection, catalysis, and water harvesting applications due to its unique properties such as high porosity, larger surface area, structural diversity, and tunable pore size. Emergence of artificial intelligence and machine learning for identifying and selecting perfect metal organic frameworks for various applications is likely to boost the demand for metal organic frameworks market.
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Browse in-depth TOC on “Metal Organic Frameworks Market”
196 – Market Data Tables
51 – Figures
215 – Pages
List of Key Players in Metal Organic Frameworks Market:
- Nanorh (US)
- Framergy, Inc. (US)
- novoMOF (Switzerland)
- BASF SE (Germany)
- Numat Technologies, Inc. (US)
- MOFapps (Norway)
- Nuada (UK)
- ProfMOF (Norway)
- ACSYNAM (Canada)
- Promethean Particles Ltd. (UK),
- ACMOFS (China),
- GS Alliance Co., Ltd. (Japan),
- Physical Sciences Inc. (US),
- Majd Onsor Fartak (Iran),
- SyncMOF Inc. (Japan),
- Immaterial Ltd. (UK),
- Atomis Inc. (Japan),
- CD Bioparticles (US),
- Nanowiz Tech (India),
- Kerone Engineering Solutions Ltd. (India),
- Nanoshel LLC (US),
- Jiangsu Xianfeng Nanomaterial Technology Co., Ltd. (China),
- Decarbontek, Inc. (US),
- Svante Technologies Inc. (Canada),
- Nanochemazone (India)
Drivers, Restraints, Opportunities and Challenges in Metal Organic Frameworks Market:
- Driver: Growing demand for metal organic frameworks to curb down carbon emissions
- Restraint: High cost of metal organic frameworks
- Opportunity: Growing investments in green hydrogen projects to boost the market
- Challenge: Toxicity concerns in metal organic frameworks
Key Findings of the Study:
- Copper-based metal organic frameworks accounted for the largest market share, both in terms of value and volume.
- Mechanochemical synthesis method accounted for the second largest market share, both in terms of value and volume
- Gas storage application segment is estimated to account for the highest market share in 2023, in metal organic frameworks market.
- Europe to hold the largest market share during the forecast period.
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Based on type, Zinc-based segment is expected to have the second largest share of the metal organic frameworks market in 2023 by value. Zinc-based metal organic frameworks are majorly used in biomedical applications including drug delivery due to their versatility, lower toxicity, and being easily biodegradable. Key factors driving their use for gas adsorption and gas storage applications is due to their improved storage and control over reaction ability between gas molecules and components. Additionally, copper-based metal organic frameworks hold the largest share in the metal organic frameworks market due to their growing demand for gas adsorption, gas storage, catalysis, and sensing & detection applications.
Based on synthesis method, Mechanochemical segment is expected to have the second largest share of the metal organic frameworks market in 2023 by value. The mechanochemical synthesis method is widely used for the preparation of metal organic frameworks due to its shorter reaction time, cost effectiveness and environmentally friendly synthesis. It offers several advantages, including higher yields, product purity, and availability of reactants and products that are difficult to encounter in conventional solution-based synthesis. Metal organic frameworks prepared by mechanosynthesis are used for gas separation and carbon capture applications.
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Based on application, the metal organic frameworks market has been segmented into gas and liquid adsorption/separation, water harvesting, gas storage, sensing & detection, catalysis, and other applications. Metal organic frameworks is widely used for gas and liquid adsorption/separation application due to its larger surface area, highly porous structure, and high selectivity. Gas and liquid adsorption/separation holds the second largest share of the metal organic frameworks market in 2023 by value.
Based on Region, North America was the third largest market for the metal organic frameworks in 2023, with US being the largest market in the region. The North American metal organic frameworks market is experiencing significant growth and presents various opportunities for industry players. This growth is fuelled by the increasing demand for efficient gas storage solutions. Strong research and development initiatives and growing focus towards clean energy solutions is driving the demand for metal organic frameworks in this region.
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About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets Inc. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 USA : 1-888-600-6441 UK +44-800-368-9399 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com/
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Future Outlook of the Drylab Photo Printing Market – Growth Opportunities and Key Trends
Delray Beach, FL, Nov. 08, 2024 (GLOBE NEWSWIRE) — The report “Drylab Photo Printing Market by Offering (Printers, After-sales Services), Connectivity (Wired, Wireless), Print Width (Below 4 Inches, 4 Inches-6 Inches, Above 6 Inches), End-user (Consumer, Commercial) and Region – Global Forecast to 2029″ The drylab photo printing industry size is expected to reach USD 0.4 billion by 2029 from 0.3 billion in 2024, at a CAGR of 5.4% during the 2024-2029 period.
The Drylab Photo Printing Market is witnessing increasing demand driven by key trends such as the rise of digital photography, the need for quick turnaround times, and advancements in printing technology. As consumers and businesses seek high-quality photo prints with vibrant colors and durability, the market is growing rapidly. Additionally, the shift towards eco-friendly printing solutions is encouraging innovation, with companies focusing on sustainable practices. The growing popularity of personalized products and services further fuels this market’s expansion, making it a dynamic sector in the photography industry.
Major vendors in the Drylab Photo Printing companies include
- Seiko Epson Corporation (Japan),
- Dai Nippon Printing Co., Ltd. (Japan),
- FUJIFILM Corporation (Japan),
- Noritsu Koki Co., Ltd. (Japan),
- Kodak Alaris Inc. (UK),
- HiTi Digital, Inc. (Taiwan),
- Canon Inc. (Japan),
- HP Development Company, L.P. (US).
Key Market Segments in the Drylab Photo Printing Industry:
By segment, drylab photo printing industry for wired segment holds the largest market share of connectivity in the market during the forecast period.
Connected via physical cables, dry lab photo printers generate high-quality photo prints from digital files using diverse technologies like dye-sublimation, silver halide, and inkjet. The resulting prints are comparable to those from traditional wet labs. Wired dry lab photo printers, typically faster and more cost-effective than traditional wet labs, eliminate the need for hazardous chemicals. These printers establish connections with PCs or laptops through USB (Universal Serial Bus) cables, often featuring standard USB connectivity and the option for LAN integration at a nominal cost.
By segment, drylab photo printing industry for above 6 inches, print width of drylab photo printing to register the highest CAGR between 2024- 2029
Above 6 inches print width unlocks the potential for generating large-format prints, including panoramic images, posters, and banners. This specialized printing category serves as a catalyst for artists, photographers, and individuals alike, providing an unprecedented avenue for self-expression. The utilization of high-resolution technology guarantees remarkable clarity and vivid colors, even when applied to monumental scales. Innovative materials such as textured papers and metallic finishes introduce additional layers of depth and personality to the visual narrative.
By segment, drylab photo printing industry for increasing adoption of drylab photo printing technology by photo labs and retailers is growing the market demand.
The photo printing industry has undergone a significant transformation in recent years, driven by the rapid advancement of digital photography and the increasing demand for instant gratification. Traditional chemical-based photo printing methods, which have been the industry standard for many years, are now being challenged by a newer, more efficient technology known as drylab photo printing. Unlike traditional wet processing methods that involve various chemicals and complex procedures, drylab printing relies on digital technology and dry toner or ink, reducing operational costs for photo labs and retailers.
By region, drylab photo printing industry in Asia Pacific region to register the highest CAGR between 2024 and 2029.
The analysis of the drylab photo printing industry in the Asia Pacific region, encompassing China, Japan, South Korea, India, and the Rest of Asia Pacific, reveals a significant growth trajectory, projecting the highest Compound Annual Growth Rate (CAGR) during the forecast period. This robust expansion is primarily attributed to the region’s dynamic economic growth and a substantial surge in construction and industrial activities across key Asian countries.
Drylab Photo Printing Market Dynamics:
Opportunity: Growing demand for sustainable systems for high quality photographic printing
Sustainable printing helps in reducing the adverse impact on the environment. It uses recycled and renewable resources, e.g., process-free plates, such as cold press plates, to help eliminate volatile compounds. Hence, the use of drylab photo printing is increasing. Drylab Photo Printing offers a more sustainable alternative than traditional printing methods that often involve chemical processes and large amounts of water. Drylab technology typically uses dry processing techniques, reducing water consumption and eliminating the need for harmful chemicals. This aligns with the global push for eco-friendly practices and green technologies.
Challenge: Competition from Online Services
The emergence of mobile applications and web-based platforms dedicated to photo printing has also intensified the competition. These platforms leverage user-friendly interfaces and advanced technologies to enhance the overall customer experience, setting a higher standard for convenience and efficiency. The growing popularity of digital delivery of documents and data is expected to reduce the demand for printing certain products such as directories, financial records, advertisements, and books. Digital signage, billboards, and other media are increasingly used in outdoor and indoor advertisements. Digital signage can be of different types.
Drylab Photo Printing Market Growth:
The Drylab Photo Printing Market is experiencing notable growth as demand rises for high-quality, efficient, and environmentally friendly printing solutions. Unlike traditional wet lab photo processing, drylab printing uses advanced inkjet or dye-sublimation technologies, which eliminate the need for chemicals, reduce water usage, and lower operational costs. These advantages have made drylab solutions popular across sectors, particularly in retail photo printing, event photography, and professional studios, where rapid and high-quality output is essential. Innovations in printing technology, including enhanced color accuracy, faster print speeds, and compatibility with a range of media types, are further driving market growth. With the growing importance of sustainable practices and operational efficiency, the drylab photo printing market is poised for substantial expansion in the coming years.
Future of Drylab Photo Printing Market
Looking to the future of the Drylab Photo Printing Market, several key trends and technological advancements are set to shape its trajectory. As consumers increasingly value personalized and on-demand printing, manufacturers are focusing on more compact, user-friendly, and cost-effective drylab printers to cater to smaller businesses and individual users. Additionally, advancements in software integration for remote monitoring and management, as well as cloud-based printing solutions, are opening new possibilities for flexibility and convenience in professional and retail settings. Given these developments and the rising focus on sustainability, the drylab photo printing market is expected to see continued growth, with significant opportunities for innovation and market penetration worldwide.
About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets Inc. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 USA : 1-888-600-6441 UK +44-800-368-9399 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com/
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Next Generation Sequencers (NGS) Market Set to Surge at 8.3% CAGR, to Reach USD 2.4 billion by 2031 | Transparency Market Research, Inc.
Wilmington, Delaware, United States, Transparency Market Research Inc. -, Nov. 08, 2024 (GLOBE NEWSWIRE) — The next generation sequencers (NGS) industry (차세대 시퀀서(NGS) 산업) was valued at US$ 1.2 billion in 2022. A CAGR of 8.3% is projected between 2023 and 2031, and the market will reach over US$ 2.4 billion by 2031. As NGS technology has become more popular with direct-to-consumer genetic testing services, public interest in NGS has grown. The interest in recreational genetics and the assessment of genetic risks are both affected.
The government has supported a large portion of the growth of the NGS market through grants and research funding. The availability of genomic data for research has increased due to public investment in large-scale genomics projects. Technology innovations are expected to accelerate, improve accuracy, and reduce the cost of sequencing platforms in the NGS field. It is anticipated that advances in read lengths, throughputs, and sample preparation techniques will contribute to the efficiency and accessibility of NGS.
Scientists have been able to analyze the genomic information of individual cells using single-cell sequencing technologies. Understanding cellular heterogeneity and disease mechanisms could be made easier through the development of robust and scalable single-cell sequencing technologies.
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Key Findings of the Market Report
- In terms of technology, targeted sequencing and resequencing are expected to drive market demand for next-generation sequencing.
- The benchtop sequencer segment accounted for the largest global share of next generation sequencers (NGS) in 2022.
- With a large and diverse population, Asia-Pacific provides a vast source of genomic data, fueling NGS research and development.
- North America led the market with its dominance of cutting-edge technologies and rising demand for NGS in pharmaceutical companies.
- In terms of application, consumer genomics is expected to drive demand for NGS in the coming years.
Global Next Generation Sequencers (NGS) Market: Growth Drivers
- Continuous improvements in NGS technology, like faster sequencing, better accuracy, and lower costs, have driven the technology. It makes genomic research easier and more efficient in developing new sequencing platforms. Sequencing costs have consistently decreased, which has been a primary driver. Research and institutions are more likely to adopt NGS as the cost per base pair decreases.
- Genomic, epigenomic, transcriptomic, and metagenomic applications of NGS are numerous. Personalized medicine, clinical diagnostics, and agricultural applications have all benefited from its versatility. As personalized medicine gains popularity, genetic information is becoming more valuable. As genetic information becomes increasingly important for personalized medicine initiatives, NGS plays a crucial role.
- Increasingly sophisticated bioinformatics tools and analytical methods become necessary as NGS data grows. Data interpretation requires efficient and accurate analysis, driving bioinformatics infrastructure advancements. The use of NGS in cancer research has proven invaluable, allowing scientists to identify genetic mutations associated with specific cancer types. Personalized treatment strategies and targeted therapies have resulted from this.
Global Next Generation Sequencers (NGS) Market: Regional Landscape
- North America is expected to dominate the market for next generation sequencers in the market. Next-generation sequencers (NGS) have become more common in various research, clinical, and commercial settings in North America, such as the United States and Canada. Universities and research institutions in North America are heavily funding genomic research.
- Biotechnology and pharmaceutical companies in North America are innovating with genomics and NGS to develop drugs and focus on personalized medicine. Using NGS, clinical trials can be conducted, drug targets can be identified, disease mechanisms can be studied, and potential drug targets can be identified.
- NGS, gaining traction in clinical diagnostics, has been used to diagnose cancer genomics, rare diseases, and prenatal screening in North American healthcare institutions. Policy frameworks and regulatory frameworks support the adoption of NGS in clinical settings.
- Precision medicine initiatives, like those funded by the United States government, are leveraging genomic data for personalized healthcare. NGS technologies are often used in research and clinical initiatives to sequence large groups of individuals. Many biobanks and big genomic projects in North America contribute to extensive genomic data sets. Genomic analysis of diverse populations using NGS can provide valuable insights into genetics and diseases.
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Global Next Generation Sequencers (NGS) Market: Key Players
The report presents company profiles of key players operating in the market for next-generation sequencers (NGS). A number of these companies expand their presence and increase market share by acquiring other companies, collaborating, and launching new products.
- Illumina Inc.
- Thermo Fisher Scientific Inc.
- Pacific Biosciences
- Complete Genomics Incorporated
- Vela Diagnostics
- Oxford Nanopore Technologies plc.
- Singular Genomics Systems Inc.
- HTG Molecular Diagnostics Inc.
- Revvity
Key Developments
- In October 2023, Revvity Inc. and Element Biosciences, Inc. collaborated to utilize the AVITI System, a powerful genomic sequencing platform, to simplify the genomic analysis of samples. With this collaboration, it became easier for a lab to go from sample to result by providing better support, more information, and quicker access to the needed stuff.
- In November 2023, Next-generation sequencing platform makers attended the American Society of Human Genetics annual meeting in Washington, D.C. They presented updates on their recent commercial activities and product development pipelines.
Global Next Generation Sequencers (NGS) Market: Segmentation
By Product
- Benchtop Sequencers
- Floor Standing Sequencers
By Technology
- WGS
- Whole Exome Sequencing
- Targeted Sequencing & Resequencing
By Application
- Oncology
- Infectious Diseases
- Reproductive Health
- Metagenomics, Epidemiology, and Drug Development
- Consumer Genomics
By End User
- Academic Research
- Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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Fed Cuts Interest Rates, But Inflation Remains Elephant In The Room
The Fed’s widely anticipated 25 basis point rate cut on Thursday left investors with a sense of relief – but not certainty. According to JPMorgan analyst Maia G Crook. While Federal Reserve Chair Jerome Powell acknowledged the U.S. economy’s resilience, inflation remains a nagging issue.
In the post-meeting press conference, Powell highlighted key growth drivers, including robust consumer spending and a solid labor market.
However, he attributed persistent inflation, or the “elephant in the conference room,” largely to lagging pressures, such as shelter and insurance costs, underscoring that the fight against rising prices is far from over.
She notes that while Powell signaled some progress, he avoided providing a clear path forward, emphasizing the Fed’s “data-dependent” approach.
What’s Next For December?
Crook expects another 25 basis point cut in December, followed by quarterly cuts in 2025, but warns the Fed might hold off if the inflation rate doesn’t continue to ease. With Powell leaving options open, she suggests the Fed’s caution reflects a genuine concern over stubborn inflation that could delay the easing path investors hope for.
ETFs such as the SPDR S&P 500 ETF Trust SPY, the iShares Core S&P 500 ETF IVV and the Vanguard S&P 500 ETF VOO provide exposure to broad market U.S. equities.
Politics In The Background
When asked about the impact of the recent election, Powell stressed that policy decisions will remain apolitical, emphasizing that he would not step down if asked and can’t legally be removed from his position. Crook notes that Powell’s clarification here reaffirms the Fed’s independence, reassuring markets wary of potential political pressures.
She sees the Fed as ready for a December cut, but with inflation still looming large, investors should remain cautious. As Powell sidesteps firm guidance, the Fed’s data-driven approach means a slower path is on the table if inflation remains stubborn.
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Pigmentation Disorder Treatment Market Size Expansion to USD 10.6 Billion by 2031, Driven by 5.2% CAGR – Report By Transparency Market Research Inc.
Wilmington, Delaware, United States, Transparency Market Research Inc. , Nov. 08, 2024 (GLOBE NEWSWIRE) — The global pigmentation disorder treatment market (Markt für die Behandlung von Pigmentstörungen) is estimated to flourish at a CAGR of 5.2% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for pigmentation disorder treatment is estimated to reach US$ 10.6 billion by the end of 2031.
Evolving beauty standards and cultural perceptions of skin tone drive demand for treatments addressing pigmentation issues associated with societal beauty ideals, influencing market preferences and product development.
The emerging field of psychodermatology emphasizes the link between psychological well-being and skin health. Treatments addressing the psychosocial impact of pigmentation disorders gain prominence, driving unique therapeutic approaches and mental health considerations. The shift towards holistic healthcare and integrative dermatology promotes treatments combining traditional remedies, lifestyle modifications, and skincare routines, influencing product development and treatment strategies.
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Some prominent manufacturers are as follows:
- Bayer AG
- Galderma S.A. (Nestle Skin Health S.A)
- SkinCeuticals
- Pierre Fabre
- EpiPharm AG
- RXi Pharmaceuticals Corporation
- Obagi Cosmeceuticals LLC (Obagi Medical)
- Vivier Pharma
Environmental factors such as pollution, UV radiation, and climate changes influence pigmentation disorders. Development of skincare solutions adapting to varying climatic conditions gains attention, addressing region-specific concerns. The integration of digital health tools, including telemedicine, mobile apps for skincare monitoring, and AI-driven diagnostics, shapes remote consultations and personalized treatment plans, expanding access and patient engagement in pigmentation care.
Key Findings of the Market Report
- Laser therapy emerges as the leading treatment segment in the pigmentation disorder treatment market due to its efficacy and precision.
- Vitiligo emerges as the leading disease indication segment in the pigmentation disorder treatment market due to its widespread prevalence.
- Aesthetic clinics & dermatology centers lead the pigmentation disorder treatment market, catering to diverse cosmetic and dermatological treatment needs.
Pigmentation Disorder Treatment Market Growth Drivers & Trends
- Innovation in laser treatments, topical creams, and chemical peels drive market growth by offering effective solutions for various pigmentation disorders.
- Increasing preference for dermatological treatments and aesthetic procedures fuels market expansion.
- Continuous advancements in skincare technologies and devices contribute to the development of more precise and efficient treatment options.
- Heightened awareness about skin health and beauty standards globally propels the demand for pigmentation disorder treatments.
- Tailored treatments addressing diverse pigmentation concerns, including melasma, vitiligo, and post-inflammatory hyperpigmentation, drive market growth and innovation.
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Global Pigmentation Disorder Treatment Market: Regional Profile
- North America boasts a significant market share, fueled by a high prevalence of pigmentation disorders and a robust healthcare system. Leading players like Galderma and Allergan dominate, offering a wide array of treatments and advanced technologies for conditions like melasma and vitiligo.
- In Europe, a growing emphasis on dermatological research and innovative treatment options characterizes the market landscape. Companies like Estée Lauder and L’Oréal contribute to the region’s market growth, aligning with Europe’s stringent regulatory standards and consumer demand for effective pigmentation remedies.
- Asia Pacific showcases immense growth potential due to a rising awareness of skincare and an expanding population base. Local players and multinational companies like Shiseido and Biotique introduce tailored solutions, addressing pigmentation concerns prevalent in the region, such as hyperpigmentation, and leveraging traditional remedies alongside modern dermatological innovations.
Pigmentation Disorder Treatment Market: Competitive Landscape
The pigmentation disorder treatment market showcases intense competition driven by key players’ innovative product offerings and extensive research initiatives.
Companies like Galderma, Allergan, and Estée Lauder lead the market with a diverse portfolio of advanced therapies, topical creams, and laser treatments addressing various pigmentation disorders. Emerging contenders such as Cynosure and SkinCeuticals bring novel solutions, leveraging technological advancements and formulations.
Strategic collaborations for R&D, coupled with a focus on expanding product accessibility and efficacy, intensify market competition. The competitive landscape is defined by continual research, efficacy enhancements, and the introduction of new therapies, shaping a dynamic and evolving pigmentation disorder treatment market.
Product Portfolio
- SkinCeuticals offers a premium skincare portfolio, featuring scientifically-backed formulations targeting various skin concerns. Renowned for antioxidant serums, corrective treatments, and sun protection, their products blend innovation and dermatological expertise, providing effective solutions for healthier, radiant skin.
- Pierre Fabre presents a diverse range of pharmaceuticals, dermo-cosmetics, and skincare products. Renowned for innovation and research, their portfolio includes dermatological treatments, hair care, and beauty products, catering to diverse consumer needs globally.
- EpiPharm AG specializes in innovative dermatological solutions, focusing on advanced skincare treatments and medical devices. Their portfolio includes dermatology products addressing various skin conditions, emphasizing efficacy and patient well-being through cutting-edge formulations and technologies.
Pigmentation Disorder Treatment Market: Key Segments
By Treatment
- Topical Drugs
- Laser Therapy
- Chemical Peels
- Microdermabrasion
- Phototherapy
- Others
By Disease Indication
- Melasma
- Post-inflammatory Hyperpigmentation
- Solar Lentigines
- Others
By End User
- Hospitals
- Aesthetic Clinics & Dermatology Centers
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
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1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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Automotive Microcontrollers (MCU) Market Key Drivers, Restraints, Growth Report 2024 to 2032 – Exactitude Consultancy
Luton, Bedfordshire, United Kingdom, Nov. 08, 2024 (GLOBE NEWSWIRE) — Overview of Automotive Microcontroller Market
A microcontroller unit (MCU) is a small integrated circuit that combines a processor core, memory, and peripherals essential for controlling various functions within electronic systems. In the automotive industry, MCUs are critical for managing operations across multiple systems, such as engine control, safety features, infotainment, and driver-assist technologies. As demand for automobiles rises, the microcontroller market in this sector is expected to grow significantly.
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Market Segmentation and Trends
Safety and Security Systems: The safety and security application segment is anticipated to dominate the automotive microcontroller market, driven by the adoption of advanced single-core and multi-core MCUs in vehicles. Safety regulations, such as mandatory ABS installation in India (from 2018) and TPMS requirements for commercial vehicles globally, are major growth drivers.
Connected and Automated Technologies: The increasing consumer preference for connected and automated vehicles is pushing the demand for automotive microcontrollers. Government initiatives promoting autonomous vehicles on public roads will further fuel this market growth. However, cybersecurity and system failures in extreme conditions remain significant market restraints.
Bit-size Segmentation: The market for 32-bit microcontrollers is expected to experience the highest growth due to their widespread use in electric vehicles (EVs) and conventional vehicles. Advanced power electronics in modern vehicles necessitate the use of these high-performance MCUs.
Automotive Microcontroller Market Trends: The Growing Role of Connected Technologies
The automotive industry is rapidly adopting connected technologies that enable vehicles to interact with both drivers and infrastructure. These innovations allow cars to access the internet through inbuilt systems, enabling smart features such as remote vehicle control, advanced safety functions, and internet connectivity. This growing trend is fundamentally reshaping the automotive sector, particularly through technologies like Artificial Intelligence (AI), Advanced Driver Assistance Systems (ADAS), Vehicle-to-Infrastructure (V2I), Vehicle-to-Vehicle (V2V), and Vehicle-to-Everything (V2X). These advancements are steering the industry towards fully autonomous driving, highlighting the increasing reliance on microcontrollers to manage these systems efficiently.
Methodology
The data in this report was gathered using various secondary sources, including industry bodies like the Japan Automobile Manufacturers Association (JAMA), European Automobile Manufacturers Association (EAMA), and Canadian Automobile Association (CAA). Additionally, interviews with industry experts and suppliers were conducted to provide insights into future trends within the automotive microcontroller market. Both bottom-up and top-down approaches were utilized to estimate the global market size, which was validated through region-wise production volumes and demand analysis. The market size, in terms of value, was calculated by multiplying the average selling price of automotive microcontrollers by the number of units installed in vehicles across different regions.
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Automotive Microcontroller Market Growth Factors: Key Drivers of Expansion
1. Rapid Development in the Automotive Industry and Demand for Safety Features
Microcontrollers are integral to various automotive systems such as fail-safe mechanisms, electric control units, automotive fault-tolerant systems, and more. These systems help detect faults and ensure proper functioning by engaging relevant controls through sensor-based microcontrollers. The demand for these systems has been growing due to the increasing need for safety features in vehicles.
In the U.S., for example, road safety remains a significant concern, with the Department of Transportation reporting that nearly 32 fatalities occur daily due to drunk driving. The National Highway Traffic Safety Administration (NHTSA) recorded 42,795 traffic-related fatalities in 2022. These alarming statistics have heightened the need for advanced safety features, which in turn drives the demand for microcontrollers. Features such as parking assistance, lane departure warnings, collision avoidance systems, electronic stability control, airbags, blind-spot detection, and adaptive cruise control rely on microcontroller technology. The increasing adoption of these features across global markets is fueling growth in the automotive microcontroller sector.
2. Government Regulations on Emission Reduction
Government regulations aimed at reducing vehicle emissions are also a major factor propelling the automotive microcontroller market. For instance, the European Union’s regulation 2019/631, enacted in 2019, set strict CO2 emission standards for passenger and light commercial vehicles, with targets running through 2024. If manufacturers fail to meet these standards, penalties are imposed, encouraging them to adopt advanced technologies for emission control.
Microcontrollers play a crucial role in powertrain applications by optimizing engine efficiency and reducing fuel consumption. They help minimize CO2 emissions through precise engine control, supporting compliance with stringent emission standards. As environmental regulations tighten globally, the automotive industry’s reliance on microcontrollers to meet these standards is expected to increase, further boosting market growth.
These growth factors, combined with the rising focus on safety, efficiency, and regulatory compliance, create a favorable market environment for automotive microcontrollers in the coming years.
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Automotive Microcontroller Market Segmentation Analysis: By Type
The automotive microcontroller market is segmented based on the type of microcontroller, which includes 8-bit, 16-bit, and 32-bit microcontrollers. Each segment caters to different automotive applications depending on the performance, cost, and processing power required.
8-bit Microcontrollers
The 8-bit microcontroller segment held a significant market share in 2023. These microcontrollers are cost-effective and require less physical space, making them ideal for applications that do not demand high computational power. 8-bit MCUs are widely used in automotive systems that need to operate under high temperatures, such as lighting, comfort and information systems, security body electronics, telematics, entry control, and powertrain. Due to their ability to meet basic performance requirements while being low-cost, this segment continues to drive market growth in entry-level and less complex automotive functions.
16-bit Microcontrollers
The 16-bit microcontroller segment accounted for a moderate market share in 2023. These MCUs provide a balance between performance and power consumption, sitting between 8-bit and 32-bit options. Offering a middle ground in terms of cost, size, and processing speed, 16-bit MCUs are well-suited for applications requiring moderate data processing power but without the need for the extensive processing capabilities of a 32-bit MCU. They find their place in a range of automotive systems where performance is important but the budget constraints are also a consideration.
32-bit Microcontrollers
The 32-bit microcontroller segment captured the largest market share in 2023. These MCUs are ideal for automotive applications that require intense data processing and high precision. As the automotive industry moves toward more complex and advanced systems, the demand for 32-bit MCUs is rapidly increasing. They are widely used in systems such as gearboxes, injection control, and central control units for combustion engines due to their ability to handle complex computations efficiently while maintaining superior power efficiency and performance. As the automotive industry increasingly integrates advanced driver-assist systems (ADAS) and autonomous vehicle technologies, the reliance on 32-bit microcontrollers is expected to rise, further fueling market growth.
Automotive Microcontroller Market Segmentation Analysis: By Application
The automotive microcontroller market is segmented based on various applications including infotainment & telematics, chassis & powertrain, body electronics, and safety & security. Each segment reflects the evolving needs and advancements in automotive technology.
Chassis & Powertrain
The chassis & powertrain segment accounted for the largest market share in 2023. This growth is driven by the increasing demand for improved engine efficiency and control. Microcontrollers play a critical role in Engine Control Unit (ECU) diagnostics and are integral to enhancing both power and fuel efficiency in vehicles. The need for optimized vehicle performance is accelerating the growth of this segment.
Infotainment & Telematics
The infotainment & telematics segment held a significant share in 2023, driven by the growing demand for connectivity and advanced in-car technologies. As modern vehicles increasingly integrate systems like Artificial Intelligence (AI) and Advanced Driver Assistance Systems (ADAS), microcontrollers are becoming essential in supporting the advanced features of telematics systems. The rising adoption of connected cars will continue to fuel growth in this segment.
Safety & Security
The safety & security segment also accounted for a notable market share in 2023. The rising penetration of connected and autonomous vehicles is driving the demand for advanced safety features such as collision avoidance systems, lane-keeping assistance, and cybersecurity technologies. The increased focus on autonomous driving capabilities is propelling the need for robust microcontrollers in this sector, particularly to ensure the integrity and security of connected vehicles.
Regional Market Insights
- Asia Pacific led the global market in 2023. The region’s dominance is driven by leading automotive players such as Renesas Electronics, which has introduced new microcontroller solutions for advanced driver assistance systems (ADAS) and safety systems.
- North America also held a significant market share, with major players such as Texas Instruments expanding their product portfolios for future vehicles, particularly through innovations in microcontroller solutions aimed at next-gen vehicle systems.
- Europe accounted for a notable share, bolstered by regulatory incentives for autonomous vehicles and environmental mandates on reducing emissions. This is prompting European companies to invest heavily in advanced microcontrollers that meet these evolving regulatory requirements.
- Rest of the World contributed a sustainable market share, with increasing interest in ride-hailing services and connected vehicles, which is driving the adoption of microcontrollers in this region.
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Competitive Landscape and Key Players
The automotive microcontroller market is competitive, with Renesas Electronics Corporation emerging as a key player. Renesas has developed advanced microcontrollers for use in various automotive applications such as ADAS, engine control, and safety features. The company’s focus on innovation and product diversification is strengthening its position in the global market.
Texas Instruments is another major player in the industry, expanding its portfolio of microcontroller solutions and offering scalable products to cater to the increasing demands of the automotive sector.
Key Players:
- Infineon Technologies AG (Germany)
- Texas Instruments (U.S.)
- Toshiba International Corporation (Japan)
- NXP Semiconductors (Netherlands)
- GigaDevice (China)
- Microchip Technology Inc. (U.S.)
- Renesas Electronics Corporation (Japan)
- Analog Devices Inc. (U.S.)
- Silicon Laboratories (U.S.)
Recent Developments :
- STMicroelectronics launched the STM32WL3 microcontroller in November 2023. This MCU combines ST’s expertise in wireless device design with its efficient STM32 architecture. It features a multi-protocol radio ideal for long-range communication, especially in industrial, scientific, and medical (ISM) applications.
- Infineon Technologies expanded its leadership in the automotive semiconductor market, securing the number one spot globally for automotive microcontrollers in 2023. Infineon’s AURIX™ and TRAVEO™ MCU families saw a 44% increase in sales, giving the company a 29% market share.
- Renesas Electronics introduced the R-Car V4H system-on-chip (SoC) platform for autonomous driving in November 2023. This platform includes powerful multi-core processing, designed to enable real-time processing and improve in-car AI capabilities.
- Texas Instruments announced an expansion of its microcontroller portfolio in December 2023 with the launch of the MSP430FR6x series. These microcontrollers are optimized for energy efficiency in automotive sensor applications and enable significant improvements in power savings and performance.
- Microchip Technology introduced its PIC32MX automotive-grade microcontroller in November 2023. It is designed for advanced safety and security features in automotive applications like ADAS and electric vehicle powertrains.
- NXP Semiconductors released an advanced automotive MCU in November 2023, the S32G3, optimized for next-gen vehicle networking and cloud connectivity. It features enhanced security for connected and autonomous vehicle applications.
Market Segmentations:
By Application Type
- Powertrain and Chassis
- Body Electronics
- Safety and Security Systems
- Infotainment and Telematics
By Electric vehicle type
By Vehicle Type
- Passenger Cars (PC)
- Commercial Vehicles (CV)
By Bit Size
- 8-bit Microcontrollers
- 16-Bit Microcontrollers
- 32-Bit Microcontrollers
By Technology
- Adaptive Cruise Control
- Park Assist System
- Blind Spot Detection
- Tire Pressure Monitoring System
By Connectivity
- Vehicle to Vehicle (V2V) Connectivity
- Vehicle to Infrastructure (V2I) Connectivity
- Vehicle to Cloud (V2C) Connectivity
By Region
- North America
- Europe
- Germany
- France
- U.K.
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- UAE
- South Africa
- Rest of Middle East & Africa
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Automotive Adaptive Front Market Size Expected to Hit USD 4.1 Billion by 2031, 12.5% CAGR Boosts Demand for Adaptive Front Lighting Technology | Transparency Market Research, Inc.
Wilmington, Delaware, United States, Transparency Market Research, Inc., Nov. 08, 2024 (GLOBE NEWSWIRE) — The global automotive adaptive front lighting market is estimated to flourish at a CAGR of 12.5% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for automotive adaptive front lighting is estimated to reach US$ 4.1 billion by the end of 2031.
Urban development patterns and smart city initiatives influence lighting requirements, driving demand for adaptive lighting systems suited for various urban environments and road conditions. Increasing focus on the aesthetic appeal of automotive lighting contributes to demand for adaptive front lighting systems that blend safety with sleek, futuristic designs.
The evolution of autonomous driving technologies drives the need for advanced lighting systems that complement and support autonomous vehicle functionalities, emphasizing adaptive lighting as a crucial element. Efforts to optimize supply chains and manufacturing processes for adaptive lighting systems influence market competitiveness, driving cost-efficiency and scalability of production.
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Growing integration of lighting systems with in-car connectivity and human-machine interfaces influences the development of adaptive lighting systems that enhance user experience and interface capabilities within vehicles.
Automotive Adaptive Front Lighting Market: Competitive Landscape
The automotive adaptive front lighting market witnesses fierce competition driven by key players’ innovation and technological advancements. Companies like HELLA GmbH & Co. KGaA, Marelli Holdings Co., Ltd., and KOITO MANUFACTURING CO., LTD. dominate, offering cutting-edge adaptive lighting solutions.
Emerging contenders such as Osram and Valeo intensify competition with innovative technologies. The market’s focus lies on adaptive LED headlights, matrix beam systems, and predictive lighting. Continuous R&D investments, strategic collaborations, and product launches reinforce competitiveness. The pursuit of enhanced safety, improved visibility, and energy efficiency fuels a dynamic landscape in the automotive adaptive front lighting sector. Some prominent manufacturers are as follows:
- HELLA GmbH & Co. KGaA
- Marelli Holdings Co. Ltd.
- KOITO MANUFACTURING CO. LTD.
- STANLEY ELECTRIC CO. LTD.
- Neolite ZKW
- Continental AG
- De Amertek Corp
- Denso Corporation
- Johnson Electric Holdings Limited
- Hyundai Mobis
- Robert Bosch GmbH
- Fraunhofer-Gesellschaft
- Texas Instruments Incorporated
Key Findings of the Market Report
- Passenger vehicles lead the automotive adaptive front lighting market, driven by increasing demand for advanced safety features and technological innovations.
- LED technology leads the automotive adaptive front lighting market, offering efficient, adaptable, and widely adopted lighting solutions for vehicles.
- Europe leads the automotive adaptive front lighting market, boasting technological prowess and emphasizing vehicle safety and premium features.
Automotive Adaptive Front Lighting Market Growth Drivers & Trends
- Stringent safety standards globally propel the demand for adaptive front lighting systems, emphasizing enhanced visibility and road safety.
- Continuous innovation drives the development of adaptive LED headlights, matrix beam systems, and predictive lighting technologies.
- Increasing consumer awareness and demand for vehicles equipped with advanced safety features drive market growth.
- Growing automotive sales worldwide, particularly in emerging markets, fuel the adoption of adaptive front lighting systems in modern vehicles.
- Focus on energy-efficient lighting solutions in automobiles aligns with sustainability goals, influencing adaptive lighting system design and implementation.
Global Automotive Adaptive Front Lighting Market: Regional Profile
- North America boasts significant market share, driven by stringent safety regulations and a tech-savvy consumer base. Key players like HELLA GmbH & Co. KGaA and Valeo dominate, offering advanced adaptive lighting solutions tailored to the region’s road safety requirements.
- Europe displays technological prowess and a strong automotive sector, fostering innovation in adaptive front lighting systems. Companies like Marelli Holdings Co., Ltd. and Osram lead with sophisticated lighting technologies, aligning with Europe’s emphasis on vehicle safety and premium automotive features.
- Asia Pacific emerges as a growing market fueled by rising vehicle sales and increasing safety awareness. KOITO MANUFACTURING CO., LTD. and other regional players offer adaptive lighting solutions catering to diverse consumer needs, contributing to market expansion and innovation in the region’s automotive adaptive front lighting sector.
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Product Portfolio
- HELLA is a global leader in automotive technology, offering a diverse product portfolio comprising lighting solutions, electronics, and aftermarket parts. Renowned for innovation, their range includes advanced lighting systems, sensors, and vehicle electronics, catering to various automotive needs with cutting-edge solutions.
- Marelli Holdings specializes in automotive components and solutions, offering a comprehensive portfolio that includes lighting, powertrain, and electronic systems. Renowned for their technological prowess, Marelli’s offerings cater to diverse automotive segments, providing innovative solutions for vehicle performance and efficiency.
- KOITO MANUFACTURING is a leading automotive lighting solutions provider, offering a wide array of lighting products and systems. Renowned for their high-quality headlights, LED modules, and adaptive lighting technologies, they cater to global automotive markets with advanced and innovative lighting solutions.
Automotive Adaptive Front Lighting Market: Key Segments
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
By Technology
By Region
- North America
- South America
- Asia Pacific
- Europe
- Middle East & Africa
Drive Your Business Growth Strategy: Purchase the Report for Key Insights! https://www.transparencymarketresearch.com/checkout.php?rep_id=36287<ype=S
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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US Consumer Sentiment Rises More Than Predicted To 6-Month Highs, Inflation Expectations Hit 4-Year Low
The University of Michigan’s widely followed consumer survey showed Friday that confidence hit a six-month high in November, driven by an optimistic future outlook and stable inflation expectations.
November Consumer Sentiment Report: Key Highlights
- The consumer sentiment index rose from 70.5 in October to 73 points in November, marking a 3.5% monthly surge and surpassing economist estimates – as tracked by TradingEconomics – of 71, preliminary estimates from the University of Michigan showed.
- The sub-index for consumer expectations increased from 71.1 to 78.5 points, marking the highest level since July 2021.
- The sub-index for current conditions eased from 64.9 to 64.4.
- The year-ahead inflation expectations fell from 2.7% to 2.6%, the lowest since December 2020. Long-term inflation expectations inched slightly higher from 3% to 3.1%.
Economist Takeaways
The expectations index surged across all dimensions, reaching its highest reading since July 2021.
“Expectations over personal finances climbed 6% in part due to strengthening income prospects, and short-run business conditions soared 9% in November. Long-run business conditions increased to its most favorable reading in nearly four years,” said University of Michigan’s Surveys of Consumers Director Joanne Hsu.
Consumer sentiment is now roughly 50% higher than its June 2022 low, but remains below pre-pandemic readings, Hsu said. She added that interviews for the release concluded Monday and do not include reactions to the presidential election.
Market Reactions
Stocks were little moved Friday, with major U.S. equity indices hovering broadly around the flatline during New York morning trading.
Small caps, tracked by the iShares Russell 2000 ETF (ARCA: IWM, inched 0.3% higher.
Real estate and utilities were the best performing sectors, up 1.3% and 1.2%, respectively.
Treasury yields continued to fall on Friday, with the 10-year yield down by 5 basis points. As such, long-dated bond ETFs rallied, with the iShares 20 + Year Treasury bond ETF TLT rallied 1.3%.
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