Asia-Pacific to Lead Specialty Chemicals Market during 2019-2024

Increasing demand for goods such as cosmetics, textiles, food, etc., is pushing demand for raw ingredients, which in turn, is anticipated to drive global specialty chemicals market through 2024

According to TechSci Research report, “Global Specialty Chemicals Market By Type, By Function, By Region, Competition, Forecast & Opportunities, 2024’’, the global specialty chemicals market is projected to grow at a CAGR of around 5% during the forecast period. The market for specialty chemicals is further anticipated to grow in the coming years on account of growing application of these chemicals in various end-user industries. In terms of regions, specialty chemicals market can be segmented into Asia-Pacific, North America, South America, Middle East & Africa and Europe. In 2018, Asia-Pacific dominated the market and the region is expected to continue its dominance during forecast period as well. This is due to the high economic growth, low labor cost and growing industrialization in economies such as India, China, among others, in the region.

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Global speciality chemicals market can be segmented based on the type, function and region. On the basis of type, the market can be segregated into specialty mining chemicals, water treatment chemicals, adhesives, electronic chemicals, specialty paper chemicals, pesticides, rubber processing chemicals, advanced ceramic materials, plastic additives, construction chemicals, specialty oilfields chemicals, textile chemicals, food additives, specialty polymers, printing inks. Construction chemicals is one of the major segments of the speciality chemicals market and is poised to grow at an impressive rate during forecast period as well on account of growing demand for housing projects and public infrastructure globally.

Key players operating in global specialty chemicals market include Albemarle Corporation, Ashland Inc., BASF SE, Lanxess Aktiengesellschaft, Clariant AG, Evonik Industries AG, Henkel AG & Co. KGAA, Solvay SA among others. Leading players operating in the market are focusing on reducing carbon footprint and improve the raw material supply. Furthermore, companies are using strategies such as product development, mergers and acquisitions in order to ensure sound returns.

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“Factors such as increasing utilization of speciality chemicals across different end user industries and technological advancements are promoting the growth of specialty chemicals market. Moreover, favorable oil and gas prices coupled with rapid expansion of shale oil and gas drilling activities are further anticipated to positively influence global specialty chemicals market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Specialty Chemicals Market By Type, By Function, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global specialty chemicals market and provides statistics and information on market size, structure and future market growth. The report offers decision makers superior market intelligence, thereby enabling them conduct thorough investment appraisal. Besides, the report also analyzes the evolving market trends along with drivers, challenges and opportunities in global specialty chemicals market.

Source: TechSci Research

Air Filters Market to Reach $ 13 Billion by 2023: TechSci Research

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Growing consumer awareness regarding indoor air quality, expanding automotive industry, and stringent emission standards and environment regulations to drive global air filters market through 2023

According to TechSci Research report, “Global Air Filters Market By Type, By End Use, By Application, By Demand, By Region, Competition Forecast & Opportunities, 2013 – 2023’’, the global air filters market is forecast to reach around $ 13 billion by 2023, on account of rising levels of air pollution across the globe. With increasing consumer awareness regarding deteriorating air quality coupled with stringent government regulations pertaining to air quality in diverse industrial applications, demand for air filters is expected to grow at a robust pace in the coming years. Moreover, continuing expansion in the automotive industry is driving demand for engine filters and cabin air filters that are required for better efficiency of the engines as well as ambient air quality maintenance in vehicle interiors, respectively.

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Increasing number of commercial spaces as well as residential units across the globe, especially in developing economies, is boosting sales of air filters. Moreover, growing adoption of multi-filtration air purifiers is boosting demand for HEPA and gas phase air filters in the market. Requirement of multiple filter replacements in single purifier unit is further positively influencing demand for air filters across the globe. North America is the largest demand generating region for air filters, globally, owing to intensifying demand for clean air along with rising government focus towards the reduction of harmful gases across the region. 

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“Several leading air filter manufacturers are undergoing mergers & acquisitions in their quest to expand their presence across the globe. In May 2018, Camfil AB acquired the UK-based Bushbury Holdings to expanding its product portfolio and market presence. Increasing focus towards healthcare expenditure in developed economies, vast consumer base in regions like Asia-Pacific and rising purchase power among the expanding middle class population, coupled with implementation stringent  environment norms are anticipated to further boost demand for air filters, globally, during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 

“Global Air Filters Market By Type, By End Use, By Application, By Demand, By Region, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of air filters market, globally, and provides statistics and information on market size, structure and trends. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global air filters market.

Source: TechSci Research

Global Water Purifiers Market to Grow at Over 10% CAGR till 2028

Increasing industrialization, rapid urbanization, deteriorating water quality, rising scarcity of freshwater resources to drive global water purifiers market through 2028

According to TechSci Research report, “Global Water Purifiers Market By Technology, By End User, By Region, Competition, Forecast & Opportunities, 2014 – 2028”, global water purifiers market is projected to grow at a CAGR of 10.74% during 2019-2028, on account of rising number of water borne diseases, untreated waste discharge into water bodies and growing demand for efficient water purification technologies. Due to increasing level of water pollution, water purifiers have become the primary necessity for customers in developing economies. Countries such as China and India have high water pollution level, which is increasing the demand for water purifiers. According to the UN World Water Development Report 2019, 80% of the wastewater generated across the globe is released to the environment without treatment.  

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Membrane based water purification technology captured a dominating share in global water purifiers market in 2018 and is anticipated to lead the market through 2028, on the grounds of efficient removal of bacteria, viruses, suspended solids, proteins and starch as well as low energy requirements. The second largest share was held by media technology in 2018, followed by UV technology; however, their shares are expected to decline during the forecast period due to inefficient removal of impurities. Asia-Pacific water purifiers market is expected to register fastest growth during forecast period. among end user segment, residential water purifiers segment holds the major share in global water purifiers market.

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“Expanding industrial sector, increasing disposable income, growing awareness pertaining to substandard quality of water, and escalating demand for efficient water purification technologies are likely to propel the global water purifiers market in coming years. Additionally, rising levels of water pollution and implementation of rigorous marketing strategies by the companies are further expected to fuel the market. Moreover, increasing consumer base in Asia-Pacific is expected to help in achieving double-digit growth in the market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.   

“Global Water Purifiers Market By Technology, By End User, By Region, Competition, Forecast & Opportunities, 2014 – 2028” has evaluated the future growth potential of global water purifiers market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in global water purifiers market.

Source: TechSci Research

Paint & Coatings Segment to Dominate Aromatics Market During Forecast Period

Growing use of aromatic solvents in the pharmaceutical industry and drug formulation process is expected to drive the growth of global aromatics market

According to TechSci Research report, “Global Aromatics Market By Type, By Application, By End User Industry, By Region, Forecast & Opportunities, 2025”, the global aromatics market is expected to grow at a steady rate during the forecast period on account of the increasing investments in the construction and automotive industries, which in turn is generating high demand for aromatic solvents. However, growing environmental concerns can hamper the growth of market during forecast period. Additionally, volatile prices of raw materials and high production costs can further restrict the market growth during forecast period. 

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The global aromatics market is segmented based on type, application, end user industry, company and region. Based on end user industry, the market can be categorized into paint & coatings, adhesives, pharmaceuticals, chemicals and others. The paint & coatings industry dominates the market on account of the increasing population, growing disposable income, rise in urbanization, which in turn is increasing the demand for construction activities and infrastructural developments.

DuPont de Nemours, Inc., Alpek S.A.B de C.V, BP PLC, China National Petroleum Corporation, ExxonMobil Corporation, Indorama Ventures, Reliance Industries Limited, Shell Chemicals Ltd., SABIC, Lyondell Basell and others are some of the leading players operating in global Aromatics market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. 

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Aromatics Market Share, 2025

“Asia-Pacific is expected to be the fastest growing market for aromatics during the forecast period, owing to the growing population in the region, which has led to the increase in the number of residential projects in the region. Additionally, industrialization and government initiatives in countries like India such as the “Make in India”, which support infrastructural developments, are expected to give a healthy push to the market in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Aromatics Market By Type, By Application, By End User Industry, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global aromatics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global aromatics market.

Source: TechSci Research

Water Softeners Market to Cross $ 11 Billion Mark by 2024

Rising concerns regarding consumption of safe water coupled with increasing water scarcity in different parts of the world to drive global water softeners market through 2024

According to a recently released TechSci Research report, “Global Water Softeners Market By Type, By End Use, By Region, Competition Forecast and Opportunities, 2024”, global water softeners market is anticipated to cross $ 11 billion by the end of 2024, on account of increasing urbanization and industrialization. Moreover, fast growth of manufacturing industries and industrial sector is propelling demand for soft water in various segments such as product manufacturing, steam generation, cleaning, etc., which is expected to further strengthen the growth of water softeners market globally. Based on the type of water softeners, the market is segmented into salt based and salt free water softeners. Salt based water softeners dominates global water softeners market and accounted for a value share of around 86% in 2018. These water softeners are used in a wide array of downstream applications due to their comparatively lower prices, easy availability and high efficiency in reduction of scale formation in water tanks, boilers, pipes etc. 

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Major demand for water softeners is emerging from residential apartments, offices, universities, food & beverages, pharmaceuticals, water and wastewater treatments plants. On the basis of end use application, water softeners market is segmented into residential, industrial and commercial sectors. Residential sector is the largest end use segment in global water softeners market on account of rising number of service apartments globally. In addition, growing consumer awareness regarding the advantages of soft water in cleaning, human health, and for domestic use is positively impacting the sales of water softeners equipment across the globe. Demand for water softeners is also likely to increase in commercial and industrial sectors. Robust growth of industrial sector and growing urbanization has raised concerns among consumers and governments regarding environmental pollution, which has resulted in introduction of a large number of wastewater and water treatment plants in order to reuse the water resources and to meet the safety standards for water discharge from various industries. 

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“North America controls the largest share of global water softeners market on the back of increasing technological advancements and rising applications of advanced water softening instruments in residential, commercial and industrial sectors in the region. Moreover, high awareness among consumers regarding benefits of soft water coupled with launch of advanced water softening equipment such as Wi-Fi enabled water softeners is further pushing demand for water softeners in North America. However, Asia-Pacific water softener market is likely to witness the fastest growth on account of rapid growth of manufacturing sector, strong economic growth, and relaxation in the foreign direct investments in commercial and residential infrastructure in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Water Softeners Market By Type, By End Use, By Region, Competition Forecast and Opportunities, 2024” has evaluated the future growth potential of global water softeners market, and provides statistics and information on market size, share, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global water softeners market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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North America to Lead Global ANSI Pumps Market till 2024

Increasing demand from oil & gas and chemical applications and growing number of water treatment projects coupled with favorable government policies to drive global ANSI pumps market through 2024

According to TechSci Research report, “Global ANSI Pumps Market By Group Size, By End User, By Region, Competition, Forecast & Opportunities, 2024”, global ANSI pumps market is projected to grow at a CAGR of over 5% during 2019-2024, on the back of factors such as increasing demand from oil & gas and chemical applications and rising need for energy efficient pumps. Launch of advanced ANSI pumps with advanced technologies such as sensors that can withstand many industrial applications coupled with government regulations to standardize pumps market and growing trend of mergers & acquisitions would fuel the market during forecast period. ITT Goulds Pumps Inc, KSB SE & Co. KGaA, Sulzer Ltd and Flowserve Corporation are some of the major players operating in global ANSI pumps market. 

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In terms of end users, global ANSI pumps market is segmented into oil & gas and chemical applications, food processing, pulp & paper, general manufacturing, and other industries. Of these, oil & gas and chemical applications segment accounts for the largest market share, on account of huge demand for high standard pumps in order to avoid system failures and reduce downtime during operations. North America dominated global ANSI pumps market in 2018 and is expected to maintain its leading market position during the forecast period as well, owing to growing demand from various established industries including chemicals, food processing, petrochemicals, and water treatment. The huge process industry and increasing investments in water and oil & gas infrastructure is also contributing to the growth of ANSI pumps market in the region. 

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“Increasing demand for ANSI pumps from oil & gas and chemical industries, in addition to growing spending on water infrastructure, are likely to have a positive impact on ANSI pumps market, globally. Moreover, strict regulatory compliances are pushing the adoption of standard pumping equipment in the industry, which in turn is expected to boost the demand for ANSI pumps over the course of next five years.”, said, Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global ANSI Pumps Market By Group Size, By End User, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global ANSI pumps market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global ANSI pumps market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Mr. Ken Mathews

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Source: TechSci Research

Paints & Coatings Industry Segment to Dominate Vat Dyes Market During Forecast Period

Growing popularity of natural paint fibers such as jute, cotton, hemp, flax, among others is expected to drive the growth of global vat dyes market 

According to TechSci Research report, “Global Vat Dyes Market By Type, By Application, By End User Industry, By Region, Forecast & Opportunities, 2025”, the global vat dyes market is expected to grow at a steady rate during the forecast period on account of the growing preference among the consumers for eco-friendly products. However, energy intensive production process and growing environmental concerns can hamper the growth of market during forecast period. Additionally, raw material price volatility, global overcapacity, falling profit margins and high production costs further restrict the market growth during forecast period. 

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The global vat dyes market is segmented based on type, application, end user industry, company and region. Based on end user industry, the market can be categorized into textile, leather, paper, paints & coatings, plastics and others. The paints & coatings segment is expected to dominate over the coming years. This can be ascribed to the booming construction industry and increase in infrastructural developments across the globe. 

DuPont de Nemours, Inc., BASF SE, LANXESS AG, Huntsman Corporation, Clariant International, Rockwood Holdings, Royce Associates, Sinocolor Chemicals, Atul Ltd., Kiri Industries Ltd. and others are some of the leading players operating in global vat dyes market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share in the market. 

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“Asia-Pacific is expected to be the fastest growing market for vat dyes during the forecast period, owing to the increasing demand from the various end-user industries, like the paints and coatings, printing inks, textiles and plastics industry. Additionally, the growth of textile industry in China and India is developing with a rapid pace due to the availability of cheap labor.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Vat Dyes Market By Type, By Application, By End User Industry, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global vat dyes market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global vat dyes market.

Source: TechSci Research

Chemicals & Fertilizer Application to Dominate Syngas & Derivatives Market Through 2025

Growing fuel and energy demand are expected to drive the growth of global syngas & derivatives market 

According to TechSci Research report, “Global Syngas & Derivatives Market By Production Technology, By Gasifier Type, By Feedstock, By Consumption, By Application, By Region, Competition, Forecast & Opportunities, 2025”, global syngas & derivatives market is expected to register significant CAGR through 2025 on account of surging demand for electricity, agricultural products and fuels. In addition to this, construction of many new production plants for syngas in various regions, is also positively influencing the market growth. Moreover, growing use of the derivatives in several industrial applications is further projected to spur the syngas & derivatives market growth across the globe over the coming years. However, there are certain factors which might hampers the market growth in the years to come which includes the high capital investments and time needed to build the operational plant with the installation of hi-tech gasification techniques which is very long.

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Global syngas & derivatives market can be segmented based on production technology, gasifier type, feedstock, consumption, application and region. Considering the application, the market is segmented into chemicals & fertilizer, fuel, and electricity. Among them, chemicals & fertilizer application is anticipated to dominate the market in the upcoming years owing to growing demand for green chemicals for the production and synthesis of chemical intermediates and for manufacturing petrochemicals, oxo chemicals and fertilizers, among others.

Linde PLC, Air Liquide S.A., Air Products and Chemicals Inc., Yingde Gases, Baogas, Sasol Limited, Saudi Aramco, Technipfmc PLC, Messer Group, Haldor Topsoe A/S among others are the leading players operating in global syngas & derivatives market. 

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“Asia-Pacific dominated the syngas & derivatives market until 2019 and is forecast to register highest CAGR during the forecast period. This growth is attributable to rising power sources demand combined with accessibility of coal reserves. Moreover, high demand for syngas & derivatives in numerous growing countries like China, Japan and India in applications such as chemicals, electricity and fuel is further anticipated to propel the growth of syngas & derivatives market in the region through 2025. Furthermore, regionally, Asia-Pacific is the largest consumer of end products syngas & derivatives market and provides high growth opportunities for chemical applications, in turn boosting the growth of syngas & derivatives market through 2025”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Syngas & Derivatives Market By Production Technology, By Gasifier Type, By Feedstock, By Consumption, By Application, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global syngas & derivatives market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global syngas & derivatives market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

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New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Source: TechSci Research

Growing Demand for Wastewater Treatment to Aid Growth of Global Chitosan Market

Rising demand for wastewater treatment for eliminating impurities to drive global chitosan market through 2024

According to a report released at TechSci Research, “Global Chitosan Market By Source, By Application, By Region, Competition, Forecast & Opportunities, 2024”, global chitosan market is anticipated to grow at a CAGR of around 20% during forecast period on account of easy availability of raw material and increasing utilization of chitosan in various industries such as medical, agrochemicals, pharmaceuticals, among others. Chitosan is the deacetylated form of chitin and industrial grade chitosan is the preferred type due to its low cost. Chitosan also acts as adsorbent and flocculent in the water treatment, which is fueling its demand for wastewater treatment.  

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Asia-Pacific dominates global chitosan market on account of increasing demand for clean, potable drinking water across the region. Moreover, owing to changing food habits, obesity and obesity-related diseases are on the rise in Asia-Pacific, which is driving demand for dietary supplements and nutraceuticals, thereby leading to the growth of chitosan as it is used in supplements. Additionally, with increasing population, growing industrialization, and depleting freshwater sources, the demand for fresh water is increasing rapidly across the region. As a result, governments and major players operating in the region are investing in water treatment, thereby further driving growth in the market.

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“Chitosan is used in water treatment application due to its biosorbent ability, which enables it to remove pollutants from wastewater. Wastewater from industries and other such sources is a severe threat to the environment. Chitosan is one of the inexpensive materials used for the treatment of water. It offers outstanding absorbing capabilities than any other absorbent. Thus, these factors are leading to the increased use of chitosan for water treatment.” stated Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Chitosan Market By Source, By Application, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global chitosan market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the global chitosan market.

Source: TechSci Research