Metal and Mineral Coverage

Steel Strapping Market Definition And Segments

Steel strapping refers to a type of packaging material used to secure and stabilize items during transportation and storage. It is made from high-tensile steel and is known for its strength, durability, and ability to withstand heavy loads. The main types of steel strapping are blue-tempered steel strapping, paint-coated steel strapping, galvanized steel strapping, and others. Blue-tempered steel strapping is made by heating steel to a high temperature and then cooling it rapidly to form a durable blue-colored oxide layer. The tensile strength involved are regular duty and high tensile, used for metal, paper, glass, building, and other applications. The steel strapping market covered in this report is segmented – 1) By Type: Blue-Tempered Steel Strapping, Paint-Coated Steel Strapping, Galvanized Steel Strapping, Other Types 2) By Tensile Strength: Regular Duty, High Tensile 3) By Application: Metal, Paper, Glass, Building, Other Applications The steel strapping market size has grown strongly in recent years. It will grow from $1.09 billion in 2023 to $1.18 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to industrial revolution, transportation expansion, packaging innovations, occupational safety regulations, and environmental awareness. The steel strapping market size is expected to see strong growth in the next few years. It will grow to $1.65 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to environmental regulations, technological advances, supply chain disruptions, market demand fluctuations, and cost pressures. Major trends in the forecast period include advanced corrosion protection, smart monitoring systems, environmentally friendly solutions, customized solutions for various applications, and automation and robotics in handling.

Construction And Infrastructure Sectors Propel Steel Strapping Market Growth

The robust growth in the construction and infrastructure sectors is expected to propel the growth of the steel strapping market going forward. The construction sector encompasses the planning, design, and building of structures, while the infrastructure sector involves the development and maintenance of essential systems such as transportation, utilities, and communication networks. Robust growth in the construction and infrastructure sectors is driven by increasing urbanization, government investments in public projects, and demand for modernization and expansion of existing infrastructure. Steel strapping is widely used in the construction and infrastructure sectors for securing heavy loads, reinforcing concrete structures, and bundling materials for transportation and storage. For instance, in June 2023, according to the report published by the Northern Ireland Statistics and Research Agency, a UK-based public authority for Northern Ireland region, from the first quarter of 2022 to the first quarter of 2023, the overall construction industry expanded by 6.5% compared to 2022. Moreover, the housing sector of construction increased by 11.1% and the infrastructure subsector by 3.7% compared to 2022.Therefore, robust growth in the construction and infrastructure sectors is driving the growth of the steel strapping market. Major companies operating in the steel strapping market are ArcelorMittal S.A., Shandong Baosteel Industry Co. Ltd., Berry Global Inc., Fastenal Company, Samuel, Son & Co. Inc., Nisshinbo Holdings Inc., Signode, Yodogawa Steel Works Ltd., M.J.Maillis Group, Bhushan Power & Steel, Shanghai Metal Corporation, Fromm Holding, Empire Group, Walzen Strips Pvt. Ltd., Pacific Strapping Inc., American Strapping Company, Specta, Kohan Kogyo Co. Ltd., Acme Steel Co., AnShan FaLan Co. Ltd., Tianjin Hongmei Steel Strips Co. Ltd., Midfield Industries Ltd., Polychem Ltd., Ensho Steel Strapping Co Ltd., Linder Strapping

Eco-Friendly Steel Strapping Production Line Sets Industry Benchmark

Major companies operating in the steel strapping market are focusing on developing production units integrated with energy-efficient technologies, such as eco-friendly production lines, to enhance efficiency and meet increasing demand. Eco-friendly steel strapping production lines incorporate energy-efficient technologies, recycling processes, and advanced coatings to minimize environmental impact and promote sustainability. For instance, in May 2024, Krishca Strapping Solutions Ltd., an India-based manufacturer of high-tensile steel straps for packaging, unveiled a state-of-the-art strapping production line at its facility. The new strapping line aims to enhance operational efficiency and expand production capacity, with an installed capacity of 1,500 MT per month. It incorporates eco-friendly elements, representing a notable achievement in addressing the growing requirements of the steel industry. This enhancement reinforces Krishca Strapping's standing as a prominent figure in the packaging sector, enabling it to accommodate the changing preferences of its customers.

ArcelorMittal Acquires Stake In Vallourec To Expand In Market

In March 2024, ArcelorMittal S.A., a Luxembourg-based steel manufacturing corporation, acquired a 28.4% stake in Vallourec S.A. for €955 million ($1038 million). This acquisition is part of ArcelorMittal's strategy to boost its exposure to the attractive, downstream, value-added tubular market. Vallourec S.A. is a France-based provider of steel strapping. Asia-Pacific was the largest region in the steel strapping market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the steel strapping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the steel strapping market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The steel strapping market consists of sales of specialty steel strapping, stainless steel strapping, and zinc coated steel strapping. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The steel strapping market research report is one of a series of new reports from The Business Research Company that provides steel strapping market statistics, including steel strapping industry global market size, regional shares, competitors with steel strapping market share, detailed steel strapping market segments, market trends, and opportunities, and any further data you may need to thrive in the steel strapping industry. This steel strapping market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Calcium Aluminosilicate Market Definition And Segments

Calcium aluminosilicate is a mineral compound composed of calcium, aluminum, silicon, and oxygen, commonly found in minerals like feldspar and zeolites. It is utilized as a binding agent in ceramics and cements, where its ability to form strong bonds contributes to the strength and durability of these materials. The main types of calcium aluminosilicate are cosmetics grade, pharmaceutical grade, industrial grade, and food grade. Cosmetics grade refers to materials that meet standards for safety and purity suitable for use in personal care and beauty products. The functions such as adsorption, ion exchange, anti-caking, stabilization, catalysis, and others for various applications such as cosmetics, pharmaceutical, veterinary, food, and manufacturing industries. The distribution channel includes direct sales, distributors, and e-commerce. The calcium aluminosilicate market covered in this report is segmented – 1) By Type: Cosmetics Grade, Pharmaceutical Grade, Industrial Grade, Food Grade 2) By Function: Adsorption, Ion Exchange, Anti-Caking, Stabilization, Catalysis, Other Functions 3) By Application: Cosmetics, Pharmaceutical, Veterinary, Food, Manufacturing Industry 4) By Distribution Channel: Direct Sales, Distributors, E-Commerce The calcium aluminosilicate market size has grown strongly in recent years. It will grow from $3.74 billion in 2023 to $3.94 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to increased demand for infrastructure, housing, and commercial spaces, demand for calcium aluminosilicate is often correlated with industrial growth, regulations promoting sustainable construction practices, raw material availability, increasing awareness about sustainability and environmental conservation, and geological discoveries. The calcium aluminosilicate market size is expected to see strong growth in the next few years. It will grow to $4.89 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to the higher concentration of populations in urban areas, supply chain resilience, increasing awareness about the environmental impact of construction activities, innovation in construction techniques, and urbanization. Major trends in the forecast period include infrastructure development projects, a shift towards lightweight and high-strength materials, emerging applications, climate change initiatives, health and safety regulations, and research and development for advanced applications.

Chemical Industry Propel Growth Of The Calcium Aluminosilicate Market

The expansion of the chemical industry is expected to propel the growth of the calcium aluminosilicate market going forward. The expansion of the chemical industry is driven by increasing demand for products such as fertilizers, plastics, pharmaceuticals, and specialty chemicals across diverse sectors. Calcium aluminosilicate are utilized as filler, flux, or reinforcing agent in materials such as ceramics, cement, and glass to enhance strength and thermal stability. For instance, in February 2023, according to BASF SE, a Germany-based chemical company, global chemical production (excluding pharmaceuticals) is expected to grow by 2.0% in 2023. Therefore, the expansion of the chemical industry is expected to propel the growth of the calcium aluminosilicate market going forward.

Calcium Aluminosilicate Market Driven By Rising Fertilizer Demand

The rising demand for fertilizers is expected to propel the growth of the calcium aluminosilicate market going forward. Fertilizer is a substance applied to soil or plants to provide essential nutrients for plant growth and enhance crop yields. The rising demand for fertilizers is being fueled by several factors, including the increasing global population, the intensification of agriculture to meet food demands, and the depletion of soil fertility due to continuous cultivation without adequate replenishment of nutrients. Calcium aluminosilicate can be used in fertilizers to improve soil structure, increase nutrient retention, and enhance plant growth by slowly releasing essential minerals. For instance, in September 2023, according to Statistics Canada, a Canada-based national statistical agency, fertilizer sales surged by almost one-third (+29.1%) year over year in May 2023, reaching a record monthly high of $1.8 billion. Exports (+5.7%) for fertilizer, pesticide, and other chemical products also increased in May compared to the previous month. Therefore, the rising demand for fertilizers is driving the growth of the calcium aluminosilicate market. Major companies operating in the calcium aluminosilicate market are Toray Industries Inc., Mitsui Chemicals Inc., Imerys S.A., Zeochem AG, Astrra chemicals, MLA Group of Industries, Ashok Mineral Enterprises, Nikunj chemicals, A B Enterprises, Amgeen Minerals, Bhavani Chemicals, Industrial Furnace & Controls, Rockchem Products, Kutch Chemical Industries Ltd, Salient Pharmaceuticals, Daksha Energy, Oracle Chemicals Pvt Ltd, R K Polmers, Research Lab Fine Chem Industries, Vizag Chemicals

Cementos Molins Acquires Calucem To Expand In High-Value Cement Market

In November 2021, Cementos Molins, a Spain-based cement manufacturer, acquired Calucem for an undisclosed amount. The acquisition of Calucem by Cementos Molins aims to bolster its presence in the premium cement market, broaden its product range, and access new markets requiring specialized cement solutions, leveraging Calucem's expertise in calcium aluminate cement. Calucem is a Spain-based cement producer that focuses on the production and distribution of calcium aluminate cement. Asia-Pacific was the largest region in the calcium aluminosilicate market in 2023. The regions covered in the calcium aluminosilicate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the calcium aluminosilicate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The calcium aluminosilicate market consists of sales of feldspar, zeolites, and calcium silicate hydrate. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The calcium aluminosilicate research report is one of a series of new reports from The Business Research Company that provides calcium aluminosilicate market statistics, including the calcium aluminosilicate industry's global market size, regional shares, competitors with a calcium aluminosilicate market share, detailed calcium aluminosilicate market segments, market trends and opportunities, and any further data you may need to thrive in the calcium aluminosilicate industry. This calcium aluminosilicate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Pipe Flanges Market Definition

The pipe flanges market is a critical component of the industrial sector, encompassing a broad range of products that are essential for assembling and maintaining piping systems across various industries. Pipe flanges are mechanical devices used to connect sections of pipe or to join pipe to a pressure vessel, valve, pump or other integral flanged assembly. The material of a flange is basically set during the choice of the pipe and in most cases, a flange is of the same material as the pipe. The pipe flanges market consists of sales, by entities (organizations, sole traders and partnerships), of pipe flanges that are typically circular plates with bolt holes around the perimeter and are welded or screwed to pipe ends or bolted together with other flanged parts.

Tempered Glass Market Definition

Tempered glass is a type of safety glass that has undergone a specialized thermal treatment process to increase its strength compared to regular glass. The tempered glass market consists of sales, by entities (organizations, sole traders and partnerships), of tempered glass that is used for its strength and durability.

Fall Protection Equipment Market Definition

Fall protection equipment refers the equipment or safety gear designed to prevent or mitigate injuries caused by falls from heights in various workplaces or recreational activities. It includes a wide range of devices and systems designed to arrest falls. Fall protection equipment is essential for ensuring the safety of workers in various industries where there is a risk of falling from heights. The fall protection equipment market consists of sales, by entities (organizations, sole traders and partnerships), of fall protection equipment that are utilized by sectors where work is performed at heights, such as construction, telecom, energy and utilities, transportation, mining and marine industries. The usage of fall protection gear is critical, not only during the construction or maintenance phases, but also during emergency situations or while performing routine operations at height.

Aluminum Die Casting Market Definition And Segments

Aluminum die casting refers to a manufacturing process wherein molten aluminum is injected into a steel mold under high pressure to produce complex and precise metal components. These components find applications across various industries due to their lightweight, high strength, and excellent thermal conductivity. The main types of casting processes included in aluminum die casting are high-pressure die casting, low-pressure die casting, vacuum die casting, gravity die casting, and squeeze die casting. High-pressure die casting refers to a metal casting process where molten metal is forced into a mold cavity under high pressure. The chamber processes employed include hot chamber aluminum die casting and cold chamber aluminum die casting, which are used by several end-users, including automotive components, pumps and valves, industrial components, engineering components, construction, packaging, and others. The aluminum die casting market covered in this report is segmented – 1) By Casting Process: High Pressure Die Casting, Low Pressure Die Casting, Vacuum Die Casting, Gravity Die Casting, Squeeze Die Casting 2) By Chamber Process: Hot Chamber Aluminum Die Casing, Cold Chamber Aluminum Die Casting 3) By End User: Automotive Components, Pumps And Valves, Industrial Component, Engineering Components, Construction, Packaging, Other End Users The aluminum die casting market size has grown strongly in recent years. It will grow from $56.48 billion in 2023 to $60.92 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to the increased penetration of die-casting parts, rise in vehicle sales, demand for passenger cars, the rise in industrialization, and increased urbanization. The aluminum die casting market size is expected to see strong growth in the next few years. It will grow to $83.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to rising demand for electric vehicles (EVs), rising urbanization, rising consumer electronics industry, growing demand for lightweight and high-strength castings, and growing renewable energy initiatives. Major trends in the forecast period include casting techniques, automation, advanced simulation and modeling tools, computer-aided design (CAD), advancements in die-casting technology, and additive manufacturing techniques.

Increasing Demand For Automobile Growth Boosting The Aluminum Die Casting Industry

The increasing demand for automobiles is expected to propel the growth of the aluminum die casting market going forward. The automobile sector refers to the industry involved in the design, development, manufacturing, marketing, and selling of motor vehicles. There is an increasing demand for automobiles due to several factors, such as shifts in mobility preferences, low interest rates, and consumers seeking to replace aging vehicles. Aluminum die casting in the automobile sector helps manufacturers produce lighter, stronger, and more fuel-efficient vehicles while also meeting stringent performance and safety standards. For instance, in April 2023, according to the International Trade Administration, a US-based government agency, there were approximately 26 million automobiles sold in 2021, of which 21.48 million were passenger cars. This represents a 7.1% increase over 2020. Therefore, increasing demand for automobiles is driving the growth of the aluminum die casting market. Major companies operating in the aluminum die casting market are Aluminum Corporation of China Limited, Alcoa Corporation, Rheinmetall Automotive AG, Arconic Corporation, Nemak SAB De CV, GF Casting Solutions, Amsted Industries Incorporated, Martinrea International Inc., The Bühler Holding AG, Rockman Industries Limited, Ryobi Limited, Dynacast International Inc., Endurance Technologies Limited, Pace Industries, Consolidated Metco Inc., Walbro Corporation, Sandhar Technologies Limited, LaSalle Bristol Inc., Madison-Kipp Corporation, FAIST Group, PHB Corp, Gibbs Die Casting Corporation, Bodine Aluminum Inc., BUVO Castings

Increasing Focus On Strategic Partnerships For Developing New Products

Major companies operating in the aluminum diecasting market are focused on forming strategic partnerships to drive their revenues in the market. The collaboration between companies play a crucial role in completing the strategic objectives to develop and deliver innovative aluminum die casting solutions for various industries, including automotive, construction, and consumer goods. For instance, in May 2022, GF Casting Solutions, a Switzerland-based company specializing in the development and production of aluminum and other superalloys, signed a collaborative agreement with Bocar Group, a Mexico-based automotive supplier specializing in aluminum die-casting and machining, to combine their capabilities in the global high-pressure die casting market. The partnership aims at focusing on the production of lightweight components in the mobility and energy industries. This partnership aims to leverage their aluminum expertise die casting to design new lightweight components crucial for environmentally friendly vehicles.

Weber Holding Acquired Schweizer Group Global GmbH For Vertical Integration

In April 2021, Weber Holding GmbH, a Germany-based automotive supplier specializing in powertrain component machining and assembly, acquired Schweizer Group Global GmbH for an undisclosed amount. This acquisition was aimed at enhancing vertical integration efforts within the automotive industry. Schweizer Group Global GmbH is a Germany-based company provider of aluminum die casting services. Asia-Pacific was the largest region in the aluminum die casting market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the aluminum die casting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aluminum die casting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The aluminum die casting market consists of revenues earned by entities by providing services such as die design and manufacturing, material selection and alloy expertise, CNC (computer numerical control) machining, quality assurance and testing, assembly and subassembly, and supply chain management. The market value includes the value of related goods sold by the service provider or included within the service offering. The aluminum die casting market also includes sales of steering knuckles, crash management systems, furnaces, aluminum alloys, and dimensional measurement tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The aluminum die casting market research report is one of a series of new reports from The Business Research Company that provides aluminum die casting market statistics, including the aluminum die casting industry global market size, regional shares, competitors with aluminum die casting market share, detailed aluminum die casting market segments, market trends, and opportunities, and any further data you may need to thrive in the aluminum die casting industry. These aluminum die casting market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Text Mining Market Definition And Segments

Text mining refers to the process of extracting meaningful information and insights from unstructured text data. It involves techniques such as natural language processing (NLP), machine learning, and statistical analysis to uncover patterns, trends, and relationships within large volumes of textual information, enabling tasks like sentiment analysis, document categorization, and information retrieval. The main product types of text mining are on-premise and cloud-based. On-premise text mining software is installed and operates on the organization's own computers or servers rather than on a remote facility or cloud service. The application includes data analysis and forecasting, fraud and spam detection, intelligence and law enforcement, customer relationship management (CRM), text mining for natural language processing (NLP), and text mining for sentiment analysis and is used by various end-users such as healthcare, retail, banking, financial services and insurance (BFSI), government, media and entertainment, and others. The text mining market covered in this report is segmented – 1) By Product: On-premise, Cloud-based 2) By Application: Data Analysis And Forecasting, Fraud Or Spam Detection, Intelligence And Law Enforcement, Customer Relationship Management (CRM), Text Mining For Natural Language Processing (NLP), Text Mining For Sentiment Analysis 3) By End-Use: Healthcare, Retail, Banking, Financial Services And Insurance (BFSI), Government, Media And Entertainment, Other End Users The text mining market size has grown exponentially in recent years. It will grow from $5.86 billion in 2023 to $7.05 billion in 2024 at a compound annual growth rate (CAGR) of 20.3%. The growth in the historic period can be attributed to the growing demand for data-driven decision-making across industries, the development of more sophisticated machine learning algorithms, the integration of text mining with customer relationship management (CRM) systems, regulatory requirements, the emergence of sentiment analysis, and adoption of text mining for fraud detection and risk management. The text mining market size is expected to see exponential growth in the next few years. It will grow to $14.82 billion in 2028 at a compound annual growth rate (CAGR) of 20.4%. The growth in the forecast period can be attributed to increasing demand for efficient data extraction and analysis from unstructured text sources, expansion of industries, integration of text mining with other data analytics tools for comprehensive insights, increasing focus on customer experience management and personalization, growing awareness among enterprises, growth of big data analytics. Major trends in the forecast period include text classification, topic modeling, contextual understanding, multilingual text mining, and advancements in deep learning.

Digitization Trends Fuels Growth In The Text Mining Market Expansion

 The growing trend of digitization is expected to propel the growth of the text mining market going forward. Digitization refers to converting analog information into digital format, typically involving data representation as binary numbers for storage and processing on computers or other digital devices. The growing digitization trend is fueled by its ability to streamline processes, enhance connectivity, and enable efficient access to information in various sectors. Digitization facilitates efficient text mining by converting analog data into machine-readable formats, enabling advanced analysis and extracting valuable insights from textual content. For instance, in November 2023, according to the Central Digital and Data Office, a U.K.-based government body, between April 2022 and April 2023, the government's digital and data profession experienced a notable expansion of 19%, effectively meeting crucial demands for digital expertise. Therefore, the growing trend of digitization is driving the growth of the text mining market. Major companies operating in the text mining market are Microsoft Corporation, International Business Machines Corporation, SAP SE, Capgemini SE, SAS Institute, Confirmit, Basis Technology, Kingland Systems LLC, KNIME, Altair Engineering Inc., RapidMiner, Bitext, Mozenda, InMoment, Semantic Web Company GmbH, Wonderflow, PrediCX, NextWealth Entrepreneurs Private Limited, Angoss Software Corporation, Averbis GmbH, Netowl Inc., MeaningCloud, DeepOpinion, Funnel Science, SmatSocial

Enhancing Text Mining Capabilities By Advanced Natural Language Processing

Major companies operating in the text mining market are focusing on developing advanced solutions, such as advanced natural language processing, to gain a competitive edge in the market. This advanced natural language processing is useful to text mining because it enhances text mining capabilities by enabling more accurate, efficient, and nuanced analysis of textual data. For instance, in May 2023, ONTOFORCE NV, a Belgium-based data science company, launched advanced Natural Language Processing (NLP) capabilities to unlock valuable insights from unstructured data sources in life sciences. This initiative aligns with the increasing importance of NLP in the industry, where up to 80% of data is stored in unstructured formats, making it challenging to access and analyze.

Babel Street Inc. Acquires Rosette To Strengthen Identity Intelligence Solutions

In December 2022, Babel Street Inc., a US-based provider of virtual data and intelligence solutions, acquired the text analytics platform Rosette from BasisTech LLC for an undisclosed amount. This strategic move by Babel Street signifies a commitment to providing cutting-edge solutions for identity intelligence and risk operations, catering to the needs of government and commercial institutions. BasisTech LLC is a US-based software development company that provides text mining capabilities as part of its text analytics platform. North America was the largest region in the text mining market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the text mining market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the text mining market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The text mining market includes revenues earned by entities by providing services such as named entity recognition (NER), topic modeling, entity recognition, document summarization, and sentiment analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The text mining market research report is one of a series of new reports from The Business Research Company that provides text mining market statistics, including text mining industry global market size, regional shares, competitors with a text mining market share, detailed text mining market segments, market trends and opportunities, and any further data you may need to thrive in the text mining industry. This text mining market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hot Isostatic Pressing (HIP) Services Market Definition

Hot isostatic pressing (HIP) services refers to a materials processing technique that involves using high temperature and pressure to densify or consolidate materials. The process helps eliminate porosity, improve mechanical properties and achieve a more uniform and dense material structure. The HIP services market consists of sales, by entities (organizations, sole traders and partnerships), of HIP services that are used to improve the properties of materials, particularly metals and alloys. HIP involves the simultaneous application of high temperature and high pressure to a component in a gas medium (usually argon).