Blockchain Press Releases
Mesh Nozzle Plates Market to Reach $57.6 Million, Globally, by 2032 at 6.3% CAGR: Allied Market Research
The growth of the mesh nozzle plates market is driven by advancements in 3D printing, technology, the increasing adoption of additive manufacturing, the ability to create complex designs with mesh nozzle plates, better product performance and durability, cost-effective production methods, and the increasing demand for prototypes and small-scale production
PORTLAND, Ore., July 12, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Mesh Nozzle Plates Market by Material Type (Metal and Alloys, Engineered Plastic, Ceramic or Piezoceramics), Application (Medical, Electronics, Cosmetics, and Others) Global Opportunity Analysis and Industry Forecast, 2023-2032.” According to the report, the global mesh nozzle plates industry generated $31.6 million in 2022, and is projected to reach $57.6 million by 2032, registering a CAGR of 6.3% from 2023 to 2032.
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Prime determinants of growth
The growth of the mesh nozzle plates market is being driven by the increasing demand for industrial filtration, advancements in manufacturing technologies, and environmental regulations and sustainability initiatives. On the other hand, high initial costs and limited resistance to harsh environments act as hindrances, thereby limiting the market’s growth to some extent. However, the growing water treatment industry, expansion of the chemical and pharmaceutical sectors, and increasing focus on research and development have paved the way for lucrative opportunities in the industry.
Report Coverage |
Details |
Forecast Period |
2022–2032 |
Base Year |
2022 |
Market Size in 2022 |
$31.6 million |
Market Size in 2032 |
$57.6 million |
CAGR |
6.3 % |
No. of Pages in Report |
201 |
Segments covered |
Material Type, Application, and Region. |
Drivers |
Expansion of the chemical and petrochemical industry Environmental concerns and sustainability |
Opportunities |
Growing demand for filtration |
Restraints |
High Initial Investment |
Covid-19 scenario-
- The mesh nozzle plates market initially encountered various challenges, including disruptions in the supply chain, reduced demand, and production slowdowns. These obstacles hindered the growth and stability of the market, leading to uncertainties for manufacturers and suppliers.
- However, as economies gradually reopen and industries resume operations, there is an expected recovery in the demand for mesh nozzle plates. This positive shift indicates a potential rebound in the market, offering new opportunities for businesses in the industry.
The metal and alloys segment is anticipated to dominate in terms of revenue during the forecast period.
By material type, the metal and alloys segment accounted for around more than two-fifths of the mesh nozzle plates market revenue in 2022 and is projected to dominate in terms of revenue during the forecast period. Simultaneously, the same segment is projected to witness the fastest CAGR of 6.79% from 2023 to 2032. The primary reasons for their dominance are the outstanding durability and widespread adoption of metallic nozzle plates in various industries. For instance, Aroma Sense USA offers a range of steel spray plates specifically designed to replace Aroma Sense Prestige showerheads. Metals and alloys remained dominant in the material type segment due to their widespread use in industrial applications, including spray head plates, humidification systems, printers, and other related areas.
The electronics segment is projected to retain the lion’s share by 2032-
By application, the electronics segment dominated the mesh nozzle plates market in 2022, accounting for nearly one-third of the total revenue, and is projected to exhibit the highest CAGR of 7.13% during the forecast period. This remarkable growth can be attributed to several factors. The increasing demand for miniaturized electronic devices drives the need for precise material deposition. Inkjet printing technology is widely used in electronics manufacturing, relying on mesh nozzle plates for accurate material deposition. The adoption of additive manufacturing and 3D printing in the electronics sector requires mesh nozzle plates for precise material deposition in complex component creation. The growing demand for flexible electronics necessitates mesh nozzle plates for accurate material placement on flexible substrates. Ongoing research and development activities in the electronics industry contribute to innovative materials and applications, creating opportunities for advanced mesh nozzle plates.
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North America garnered the major share in 2032-
By region, North America garnered the highest share in the mesh nozzle plates market, accounting for nearly one-third of the total revenue. This can be attributed to the region’s growing industrial sector and the implementation of stringent environmental regulations. The expanding industrial activities in North America require efficient filtration systems to meet regulatory standards. Industries such as oil and gas, food and beverage, and pharmaceuticals rely on robust filtration solutions to ensure compliance with environmental regulations and maintain the quality of their products. Mesh nozzle plates are highly favored in these industries due to their exceptional filtration efficiency and durability. However, the Asia-Pacific region would exhibit the highest CAGR of 7.69% during the period from 2023 to 2032, driven by the increasing adoption of advanced materials and technologies. For instance, a Chinese company recently developed a high-performance mesh nozzle plate using advanced ceramics, resulting in enhanced atomization efficiency and an extended lifespan. These advancements are driving the demand for mesh nozzle plates across various industries in the region. Additionally, the growing focus on environmental sustainability and stricter pollution control regulations are creating further opportunities. Governments in countries such as Japan and South Korea are implementing measures to reduce emissions, leading to increased adoption of mesh nozzle plates in pollution control systems. For example, a South Korean power plant installed mesh nozzle plates in its flue gas desulfurization system for improved efficiency and compliance with emission standards.
Leading Market Players-
- Temicon GmbH
- Veco B.V.
- MicroBase Technology Corp.
- Aerogen
- Koninklijke Philips N.V.
- Entero Healthcare
- OMRON HEALTHCARE Co., Ltd.
- Tekceleo
- APC International, Ltd
- MedPlus Health Services Limited
The report analyzes these key players of the mesh nozzle plates market. These players have adopted various strategies such as agreements, partnerships, collaborations, expansions, product approvals, and investments to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.
Key Benefits for Stakeholders
- This study comprises analytical depiction of the mesh nozzle plates market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall mesh nozzle plates market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The mesh nozzle plates market forecast is quantitatively analyzed from 2022 to 2032 to benchmark the financial competency.
- The Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the mesh nozzle plates market.
- The report includes the share of key vendors and mesh nozzle plates market trends.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/mesh-nozzle-plates-market/purchase-options
Mesh Nozzle Plates Market Key Segments:
By Material Type
- Metal and Alloys
- Engineered Plastic
- Ceramic or Piezoceramics
By Application
- Medical
- Electronics
- Cosmetics
- Others
By Region
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Blockchain Press Releases
Venom and KuCoin Ventures forge strategic partnership
ABU DHABI, UAE, May 10, 2024 /PRNewswire/ — Venom, an innovative layer-0 and layer-1 blockchain network capable of hosting projects at massive scale, has continued to expand its offerings, this time forming a strategic partnership with KuCoin Ventures, the investment arm of KuCoin, a leading global crypto exchange.
The partnership follows on the heels of Venom’s launch into mainnet and the listing of the VENOM token on KuCoin.
One of the most anticipated new blockchain projects, the Venom network, has continued to make inroads across the blockchain industry following its launch into mainnet earlier this year. Venom has drawn attention due to its unique capabilities as both a layer-0 and layer-1 blockchain. The network is powered by Mesh technology, which allows it to communicate seamlessly and at great speed with other, independent networks.
Built to be capable of hosting massive platforms and projects, specifically global payment systems and CBDCs, Venom has emerged as one of the most promising new networks, with capabilities that could revolutionize what is possible in global commerce.
Now, the network has put itself in a prime position to further expand and integrate with other blockchain projects by reaching an agreement with KuCoin, one of the industry’s largest exchanges. KuCoin is one of the top-ten cryptocurrency exchanges with a daily trading volume of well over $500 million.
The new partnership would involve Venom receiving investment support for its VENOM token, while also providing enhanced visibility for projects integrated with the Venom blockchain on KuCoin. KuCoin Ventures will also provide support and resources during and after Venom projects on-boarding process.
Reached for comment on the new partnership, Venom Foundation CEO Christopher Louis Tsu had this to say: “This new partnership with KuCoin Ventures, the investment arm of KuCoin exchange, which is one of the industry’s largest and most important exchanges, marks a new chapter for the Venom network. This will open a lot of new doors for Venom and set the stage for collaborative work that will redefine this industry and allow Venom to reach its full potential. We are all very eager to see this come to fruition and what lies ahead for both us and KuCoin Ventures.”
About Venom:
Venom is a cutting-edge layer-0 and layer-1 network, seamlessly communicating and integrating with other independent networks through its innovative Mesh technology. The Venom ecosystem is anchored by a masterchain, which manages the overall network state and consensus, while workchains — an unlimited number of autonomous chains — host user accounts, smart contracts, and decentralized applications. Mesh technology revolutionizes inter-chain communication, optimizing interactions without compromising speed or unparalleled scalability. With a robust technology stack that ensures rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is the ideal network for hosting CBDCs and other large-scale platforms. Learn more at https://venom.foundation/
About KuCoin:
Launched in September 2017, KuCoin is a leading global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 800 digital assets and currently provides Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 30 million users in more than 200 countries and regions. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder’s 2023 Global Cryptocurrency Trading Platform Awards.
Learn more at https://www.kucoin.com.
Contact for Venom foundation:
Email: [email protected]
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Blockchain
Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years
A new bill introduced in the U.S. House of Representatives, known as the Blockchain Integrity Act, seeks to address concerns surrounding the use of cryptocurrency mixers and tumblers. The proposed legislation aims to regulate these privacy-enhancing tools, which are often used to obscure the origins of cryptocurrency transactions.
The bill, if passed into law, would impose strict regulations on the operation of cryptocurrency mixers and tumblers within the United States. These tools, which allow users to mix their funds with those of other users to obfuscate the transaction trail, have raised concerns among law enforcement agencies and regulators due to their potential use in money laundering, terrorist financing, and other illicit activities.
Under the Blockchain Integrity Act, operators of cryptocurrency mixers and tumblers would be required to register with the Financial Crimes Enforcement Network (FinCEN) and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations. Failure to register or comply with these requirements could result in significant penalties, including fines and imprisonment.
The proposed legislation also seeks to empower law enforcement agencies to investigate and prosecute individuals and entities that operate unregistered cryptocurrency mixers and tumblers. By enhancing regulatory oversight and enforcement capabilities, the bill aims to safeguard the integrity of the blockchain ecosystem and prevent the illicit use of cryptocurrencies.
However, critics argue that the Blockchain Integrity Act could stifle innovation in the cryptocurrency space and infringe on individuals’ privacy rights. They contend that while cryptocurrency mixers and tumblers can be used for illicit purposes, they also serve legitimate privacy-enhancing functions, such as protecting users’ financial privacy and security.
The introduction of the Blockchain Integrity Act reflects growing concerns among policymakers about the potential risks associated with cryptocurrencies and their use in illicit activities. As lawmakers continue to grapple with these issues, it remains to be seen how the regulatory landscape for cryptocurrencies will evolve in the United States and around the world.
Source: cointelegraph.com
The post Proposed US Blockchain Integrity Act would ban crypto mixers for 2 years appeared first on HIPTHER Alerts.
Blockchain
Government-owned KfW elaborates on blockchain digital bond plans
The government-owned KfW Bank, based in Germany, is delving further into its plans to issue digital bonds leveraging blockchain technology. This move underscores the institution’s commitment to exploring innovative financial solutions in the digital age.
The proposed digital bond issuance is poised to mark a significant milestone for KfW, as it seeks to embrace the transformative potential of blockchain technology. By tokenizing bonds on a blockchain platform, KfW aims to streamline the issuance process, enhance transparency, and optimize operational efficiency.
One of the key advantages of digital bonds lies in their potential to reduce the reliance on intermediaries and streamline the entire bond lifecycle. Through blockchain-based tokenization, KfW aims to automate various aspects of bond management, including interest payments and maturity settlements, thereby reducing the need for manual intervention and minimizing operational costs.
Moreover, digital bonds have the potential to enhance liquidity in the secondary market, allowing investors to trade bonds seamlessly on digital asset exchanges. This increased liquidity could attract a broader range of investors, thereby diversifying KfW’s investor base and potentially lowering borrowing costs.
In addition to the issuance of digital bonds, KfW is also exploring the integration of blockchain technology into other areas of its operations. By leveraging blockchain for various use cases, such as trade finance and supply chain management, KfW aims to unlock new efficiencies and drive greater transparency across its ecosystem.
Overall, KfW’s foray into blockchain-based digital bonds underscores its commitment to innovation and its recognition of the transformative potential of blockchain technology. As the institution continues to explore and implement blockchain solutions, it is poised to stay at the forefront of digital innovation in the financial sector.
Source: ledgerinsights.com
The post Government-owned KfW elaborates on blockchain digital bond plans appeared first on HIPTHER Alerts.
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