Top Ten Common Prejudices About Polyethylene Naphthalate Market.

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In 2014, the global polyethylene naphthalate market was worth USD 827.0 million, and it is expected to grow at a CAGR of 7.5 percent over the next five years. Because of its improved thermal and barrier properties, such as oxidation resistance, polyethylene naphthalate (PEN) is primarily used in packaging applications. Over the forecast period, rising demand for high-strength photographic films is likely to drive market expansion. polyethylene naphthalate market Because of their higher stiffness modulus, PEN films are a major component of food packaging applications, providing increased barrier properties and enhancing the material's strength. These films are also used to make pressure sensitive tapes and thermal sheets. They are also involved in the protection of solar cells. Forward integration of raw material providers in PEN manufacturing is a feature of the polyethylene naphthalate market. These businesses actively consume raw materials in order to create their products. Con...
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Seven Things You Need To Know About Smart Locks Market Today.

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The smart lock market is estimated to grow at a CAGR of 13.11 percent from USD 1.28 billion in 2017 to USD 2.67 billion in 2023. Smartphones and other linked gadgets are becoming more popular, which is propelling the market forward. Furthermore, rising security and safety concerns, as well as expanded features over standard lock systems, are propelling this industry forward.

The smart lock market is segmented by lock type, communication protocol, vertical, and geography in this analysis. In terms of lock type, deadbolts had the biggest market share in 2016. The increased use of deadbolts in the residential and commercial verticals, as well as the benefits provided by deadbolts in the residential, commercial, and other applications, such as low installation cost, high durability, and effective security against intense intrusion or attack, all contribute to the market's rapid growth.

During the projected period, the Wi-Fi smart lock market is expected to develop at the fastest CAGR. Wi-Fi can be accessed using a variety of devices, including cellphones, laptops, and tablets. The expansion of the Wi-Fi market can be ascribed to smart lock system features such as high speed and wireless connectivity. In addition, the growing usage of IoT around the world is propelling this industry forward.

In 2016, the residential vertical accounted for the highest proportion of the smart lock market. In residential applications, smart locks are used to prevent invasion, unauthorised entry, theft, and burglary. Growing urbanisation, increased demand for smart homes, and increasing use of Internet-based home security solutions all contribute to the growth of this vertical's market.

During the forecast period, the smart lock market in Asia Pacific (APAC) is predicted to develop at the fastest rate. Because the countries in this area are emerging economies with a growing number of manufacturing bases and increasing demand for connected security devices, APAC is projected to see greater adoption of security systems. Furthermore, the adoption of smart locks in APAC is fueled by a big population base, a significant number of research and development (R&D) activities, and expanding urbanisation.

The total smart lock market is restrained by high costs, a reputation of unreliability, and a lack of user knowledge. Because smart locks are far more expensive than their non-smart equivalents, price is a major factor limiting market expansion. Furthermore, the expense of replacing smart locks is expensive, making them less appealing to consumers. Consumers' perceptions of smart locks' unreliability are influenced by factors such as power outages and hacking.


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