Clinical Communication & Collaboration Market To Reach $8.14 Billion By 2030

 

Clinical Communication & Collaboration Market Growth & Trends

The global clinical communication and collaboration market size is anticipated to reach USD 8.14 billion by 2030, exhibiting a CAGR of 18.1% over the forecast period, according to a new report by Grand View Research, Inc. The rising trend among healthcare practitioners to gain cross-functional support platforms for using a web-based interface or different mobile devices to support flexible communications anytime anywhere is driving the market growth. These platforms allow doctors and caretakers to indulge in real-time communications by leveraging technologies, including Voice over IP (VoIP), video conferencing, secure text messaging, on-call scheduling, and the ability to access critical patient information from Electronic Health Records (EHR) as and when needed. The need for efficient and effective communication between hospital staff and doctors to tackle mission-critical cases and ensure seamless hospital management is expected to offer an impetus to adoption of clinical communication and collaboration solutions.

These solutions are expected to benefit significantly from the integration of big data analytics technology. Big data analytics technology is expected to help doctors analyze specific trends and future events based on data accessed from web-based or electronic platforms. This facilitates timely intervention and better continuity of care by enabling communication amongst patients and healthcare providers. Big data also ensures continual operations of communication platforms such as patient portals, emails, and call centers. For instance, call center representatives can access patient data and indulge in informed and personalized conversations based on prior interactions with the healthcare system, which offers a more holistic and satisfactory patient experience.

The integration of blockchain technology with clinical data sharing and collaborative care offers significant market growth prospects. Blockchain technology provides improved health information exchange by tracking data origin and encrypting the information exchange chain, thus providing a safe ecosystem for data transfer activities. The practical use cases of blockchain technology involve more efficient EHR management, authentication, secure registering of patient payment sources, and efficient hospital resource usage. The technology is also expected to shorten negotiation cycles, improve network co-ordination, mitigate time delays and communication gaps caused by legacy communication technology, and make clinical processes more seamless.

Implementation of the 5G delivery system in clinical communication is expected to offer significant market growth prospects owing to its ability to transfer large volumes of data in less time. Digital pathological data, such as MRI and X-ray scans, can be easily shared in real-time across other facilities, promoting high-bandwidth availability and ultra-high-speed internet. Such advancement enables remote healthcare providers and specialists to meet, exchange data, and collaborate without experiencing latency. Furthermore, low latency feature of 5G internet is expected to aid in telesurgery, by helping doctors in remote locations to perform real-time surgeries using surgical robots.

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Clinical Communication & Collaboration Market Report

Clinical Communication & Collaboration Market Report Highlights

• The hosted deployment segment is expected to witness the highest CAGR of more than 19.7%, owing to rising demand amongst hospitals and clinical labs to adopt a cloud-based communications infrastructure
• The services segment is envisioned to witness significant growth due to the availability of pre-existing communication systems and the need to leverage collaboration and communication services to indulge in better healthcare practices
• The hospitals segment is expected to dominate over the forecast period owing to the availability of larger IT budgets and provision to access better services and solutions from platform providers
• The large hospitals segment is expected to witness the highest CAGR owing to a higher need to indulge in collaboration activities between cross-functional departments
• Asia Pacific is envisioned to expand at the fastest CAGR exceeding 20.2% due to the presence of a significant number of smartphone and internet users in the region, which offers promising potential for technological penetration in the healthcare market

Silicone Coating Market Size Worth $8.96 Billion By 2025 | CAGR: 6.3%

 The global silicone coating market size is anticipated to reach USD 8.96 billion by 2025, at a registering a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Silicone coatings reduce the loss of heat in various equipment along with providing resistance from water, heat, moisture, and dust, thus improving their performance and reducing the overall maintenance cost.

Advancements in technology and manufacturing capabilities are expected to increase refined offerings for the industrial sector in the coming years. Manufacturing industries are using different types of high-performance equipment, which operate at severe temperatures. Silicone coatings provide excellent thermal, electromechanical and anti-corrosive properties that enable companies to maintain the compactness of a product with improved performance.

Along with wide applications in aircraft manufacturing industry, silicone coating is also used significantly in defense electronics equipment owing to its characteristics of providing high electrical & thermal resistance along with significant strength and protection from corrosion, moisture, dust and water. Countries are spending heavily towards arms, electronics, and defense related equipment to strengthen defense operations. In 2016, the U.S. defense budget was USD 611 billion and accounted for 36% of the global defense spending. Rise in global defense spending is anticipated to propel demand for this product in coming years.

Restructuring initiatives, acquisitions, cost-cutting programs, portfolio pruning and development in emerging economies will propel revenues and operating profit for consumer goods manufacturing companies. Products such as mobile phones, computers, textile, furniture and household appliances are attracting huge demand worldwide which is anticipated to drive this market.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/silicone-coatings-market

Further key findings from the report suggest:

• The global silicone coating market was valued at USD 4.6 billion in 2016 and is expected to grow at a CAGR of 6.3% from 2017 to 2025
• Chinese silicon coating market is expected to reach a market valuation of USD 859.6 million by 2025
• 100% silicone product segment occupied the largest market share in 2016 on account of its excellent properties such as high tensile strength, electromechanical resistance and high heat resistance
• Water repellent coating is the fastest growing product segment owing to its applicability over various surface and applications
• The consumer goods segment emerged as the largest market with a share of 30.5% in the global silicone market in 2016
• Silicon coating demand from the industrial applications is expected to grow at an estimated CAGR of 6.1% from 2017 to 2025
• Key players operating in the global silicon coatings market include Shin-Etsu Chemical Co., Ltd., Wacker Chemie AG, DOW Corning Corporation, and Momentive Performance Materials Inc.

Smart Pills Market To Reach $4.09 Billion By 2030 | CAGR 11.4%

 

Smart Pills Market Growth & Trends

The global smart pills market size is expected to reach USD 4.09 billion by 2030, registering a CAGR of 11.4% during the forecast period, according to a new report by Grand View Research, Inc. An increase in prevalence of diseases such as colorectal cancer and gastrointestinal disorders, expansion in the geographical reach of major players, rising cancer screening awareness programs, and expeditious FDA approvals are prime factors that are expected to drive the market growth over the forecast period.

Smart pills have transformed the landscape of small bowel, colon, and gastrointestinal endoscopy by providing a non-invasive and accurate method for visualizing distal duodenum, jejunum, small bowel, colon, gastrointestinal, and ileum. Smart pills are mostly used for screening and treatment of diseases such as colorectal cancer, gastroparesis, gastric ulcers, and gastroesophageal disorders.

Consumers of smart pills mostly include geriatric population, immobile patients, and patients with paralysis. Considering the steady rise in geriatric population around the globe, the demand for advanced medical devices will also increase as they offer a degree of convenience to patients. Established players in this market are enhancing their portfolio by upgrading existing devices. On the other hand, new players are focused on capturing emerging economies with breakthrough products that are both advanced and affordable.

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Smart Pills Market Report

Smart Pills Market Report Highlights

• Capsule endoscopy is the largest application segment owing to factors such as growth in cancer screening awareness programs, increase in the incidence of Crohn’s disease and bowel cancer, and an increase in demand for minimally invasive procedures
• North America is the dominant region with the largest revenue share. The wide availability of products, favorable reimbursement policies, increase in government investments in healthcare, and an overall rise in healthcare expenditure support market growth
• Asia Pacific is expected to witness the fastest growth over the forecast period. Factors, such as an increase in disposable income, mandatory healthcare insurance, and rise in healthcare expenditure are expected to drive the market
• Commercially available smart pills include PillCam Capsule, ABILIFY MYCITE, CapsoCam, and Olympus Endocapsule
• Key players in the smart pills market include Medtronic, Olympus Corporation, Proteus Digital Health, MediSafe, and CapsoVision

Organ Preservation Market Worth $332.8 Million By 2027 | CAGR: 6.5%

 The organ preservation market is expected to reach USD 332.8 million by 2027, exhibiting a CAGR of 6.5% during the forecast period, according to a new report by Grand View Research, Inc. The increasing geriatric population, rising initiatives towards encouraging organ donation, and increasing cases of organ failure across the globe are the key factors driving the growth.

Increasing cases of organ failure across the globe and rising number of organ transplantation procedures are the key drivers impacting the growth of the market for organ preservation over the forecast period. According to the report published by the U.S. Department of Health and Human Services in 2019, around 40,000 organ transplantation procedures were performed in the country. It also reported that around 8.7% of organ transplantation procedure increased from 2018 to 2019.

Similarly, as per the report published by the European Commission in 2018, around 34,000 organ transplantations were performed in Europe, of which; the numbers of kidney transplants, liver transplants, heart transplants, and lung transplants were 21,227, 7,940, 2,287, and 1,980, respectively. An increase in the number of organ donors is also expected to positively impact the market.

For instance, as per the report published by the U.S. Department of Health and Human Services in 2019, the rate of deceased donors increased 10.7% from 2018 to 2019 in the U.S. and almost 7,400 living donor transplants were recorded in 2019. Therefore, such instances are expected to positively influence the market, thereby propelling the market growth.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/organ-preservation-market

Further key findings from the report suggest:

• In terms of revenue, University of Wisconsin (UW) organ preservation solutions segment held the largest market share in 2019 owing to the increasing usage of this solution. The wide applicability and several advantages associated with this organ preservation solutions are also expected to propel the segment growth.
• Heart segment is anticipated to witness fastest growth over the forecast period owing to the increasing success rate and rising cases of cardiovascular diseases across the globe.
• Static cold storage segment dominated the market in 2019 owing to its increase in use across the globe.
• Asia Pacific organ preservationmarket is expected to witness the fastest growth over the forecast period owing to the rising number of procedures in the region.
• Prominent market players are XVIVO Perfusion; TransMedics; 21st Century Medicine; CryoLife, Inc.; and Bridge to Life Ltd.

High Performance Composites Market Size Worth $81.63 Billion By 2025

 The global high performance composites market size is expected to reach USD 81.63 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for high performance composites from aerospace & defense sectors is expected to play a key role in the growth of the market over the forecast period.

The products possess superior mechanical properties including high chemical resistance and stiffness, courtesy which they have witnessed an increase in demand in construction, consumer goods, and energy sectors. Increasing consumption in the automobile industry, as an alternative to traditional materials such as steel and aluminum, is also expected to be one of the key drivers of the market.

The Asia Pacific was the largest market for high performance composites in 2016. This region, with growing consumption from the above-mentioned industries, is also expected to witness the highest growth in this market over the next eight years. China and Japan, which are home to some of the largest electronics and automobile companies, dominated the Asia Pacific market in 2016.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/global-high-performance-composites-market

Further key findings from the report suggest:

• The global high performance composites market is projected to reach USD 81.63 Billion by 2025, growing at a CAGR of 8.2% from 2017 to 2025
• The market for resins was valued at USD 23 billion in 2016, the highest among all materials, on account of the growing demand for thermoset resins from composites manufacturers
• The automotive and industrial segment is projected to grow at the highest CAGR of 10% by revenue from 2017 to 2025. This segment is driven by growing demand from pressure vessel and passenger car manufacturers
• The U.S. accounted for 82% of the total North American demand in 2016 courtesy an increase in demand for composites from the major aircraft manufacturer, Boeing, as well as automobile players including Ford Motors and General Motors
• Asia Pacific market is expected to grow at the highest CAGR of 9% from 2016 to 2025. This region is characterized by a growing demand for composites from the automobile and construction sectors in emerging countries.
• BASF, Arkema, Hexcel Corporation, and Solvay were the major players in the market in 2016. New product developments and investments in R&D, in order to lower the prices, were key growth strategies adopted by these players from 2011 to 2016.

Ceramic Sanitary Ware Market Size Worth $80.2 Billion By 2025

 The global ceramic sanitary ware market size is expected to reach USD 80.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.4% over the forecast period. Growing consumer awareness regarding sanitation and hygiene as a result of supportive initiatives by the government, corporate, and NGOs is expected to have a positive impact on the market growth. Furthermore, growing popularity of ceramic sanitary ware as aesthetic materials with excellent properties of corrosion and abrasion resistant and glossy surface is projected to expand the industry size over the next few years.

The toilet sinks and water closets segment dominated the market in 2018 and is expected to maintain its lead over the next few years. The industry participants have been increasing their spending on launching water closets that not only guarantee the maintenance of hygienic standards but also provide timeless aesthetic values to the consumers. For instance, in January 2019, HSIL launched Hindware Rimless water closets, which are recommended by the Indian Medical Academy for Preventive Health (IMAPH). These products are targeted for hospitals, hotels, commercial offices, and residential complexes.

The urinals segment is expected to generate a revenue of more than USD 15 billion by the end of 2025. Increasing number of commercial complexes at a global level is expected to promote the use of urinal sanitary ware over the next few years. Furthermore, growing importance of automatic urinal systems with build-in sensors at a global level is expected to have a positive impact on the ceramic sanitary ware market growth in the near future.

The residential segment is expected to remain the largest consumer over the next few years. Expansion of middle-class income groups and supportive home loan policies by various banks in emerging economies including China, Bangladesh, and India are expected to expand the utility of sanitary wares.

Furthermore, implementation of sanitary awareness programs including Swachh Bharat Mission (SBM) by the government of India is expected to promote the building of toilets in rural areas. The trend of increasing penetration of toilets in rural areas is expected to expand the use of ceramic materials in rural households over the next few years.

Key industry participants include Grohe AG; RAK Ceramics; SOMANY CERAMICS Limited; Johnson Tiles; Duravit AG; Villeroy & Boch; Geberit Group; Toto Inc.; Hansgrohe; Kohler; and Ideal Standard International S.A. New product launches and mergers and acquisitions are expected to remain key competitive strategies of the manufacturing firms over the next few years.

In January 2019, H & R Johnson launched a new range of sanitary ware products under the brand name, Johnson International. This product is designed with key features including 4D flushing system and zirconium emulsified glazing for excellent stain resistance.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/ceramic-sanitary-ware-market

Further key findings from the report suggest:

• Toilet sinks and water closets held the largest share of more than 40.0% in 2018
• The residential application segment dominated the market with a share of more than 60.0% in 2018
• Asia Pacific is expected to expand at the fastest CAGR of 14.3% from 2019 to 2025.

Ceramic Sanitary Ware Market Size Worth $80.2 Billion By 2025

 The global ceramic sanitary ware market size is expected to reach USD 80.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.4% over the forecast period. Growing consumer awareness regarding sanitation and hygiene as a result of supportive initiatives by the government, corporate, and NGOs is expected to have a positive impact on the market growth. Furthermore, growing popularity of ceramic sanitary ware as aesthetic materials with excellent properties of corrosion and abrasion resistant and glossy surface is projected to expand the industry size over the next few years.

The toilet sinks and water closets segment dominated the market in 2018 and is expected to maintain its lead over the next few years. The industry participants have been increasing their spending on launching water closets that not only guarantee the maintenance of hygienic standards but also provide timeless aesthetic values to the consumers. For instance, in January 2019, HSIL launched Hindware Rimless water closets, which are recommended by the Indian Medical Academy for Preventive Health (IMAPH). These products are targeted for hospitals, hotels, commercial offices, and residential complexes.

The urinals segment is expected to generate a revenue of more than USD 15 billion by the end of 2025. Increasing number of commercial complexes at a global level is expected to promote the use of urinal sanitary ware over the next few years. Furthermore, growing importance of automatic urinal systems with build-in sensors at a global level is expected to have a positive impact on the ceramic sanitary ware market growth in the near future.

The residential segment is expected to remain the largest consumer over the next few years. Expansion of middle-class income groups and supportive home loan policies by various banks in emerging economies including China, Bangladesh, and India are expected to expand the utility of sanitary wares.

Furthermore, implementation of sanitary awareness programs including Swachh Bharat Mission (SBM) by the government of India is expected to promote the building of toilets in rural areas. The trend of increasing penetration of toilets in rural areas is expected to expand the use of ceramic materials in rural households over the next few years.

Key industry participants include Grohe AG; RAK Ceramics; SOMANY CERAMICS Limited; Johnson Tiles; Duravit AG; Villeroy & Boch; Geberit Group; Toto Inc.; Hansgrohe; Kohler; and Ideal Standard International S.A. New product launches and mergers and acquisitions are expected to remain key competitive strategies of the manufacturing firms over the next few years.

In January 2019, H & R Johnson launched a new range of sanitary ware products under the brand name, Johnson International. This product is designed with key features including 4D flushing system and zirconium emulsified glazing for excellent stain resistance.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/ceramic-sanitary-ware-market

Further key findings from the report suggest:

• Toilet sinks and water closets held the largest share of more than 40.0% in 2018
• The residential application segment dominated the market with a share of more than 60.0% in 2018
• Asia Pacific is expected to expand at the fastest CAGR of 14.3% from 2019 to 2025.

Cross-Linked Polyethylene Market Size Worth $8.60 Billion By 2025

 The global cross-linked polyethylene market size is expected to reach USD 8.60 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a 6.0% CAGR over the forecast period. Increasing demand from wires and cable insulation sector and plumbing products manufacturing is likely to boost the market growth. Cross-linked polyethylene based plumbing products utilized in hot water supply system are required for their high creep resistance & mechanical strength at high temperature

Cross-linked polyethylene is most commonly utilized in plumbing and wires and cable insulation industry supported by their mechanical as well as chemical properties such as enhancement of chemical and oil resistance in at elevated temperatures, high tensile strength, impact resistances and elongation and impact resistance, etc. Availability of alternative materials such as polypropylene pipe, corrugated stainless steel tubings, aluminium plastic composite for plumbing application may impact the demand of cross-linked polyethylene over the coming years

The PEX market is segmented based on type into high density polyethylene (HDPE), Medium density polyethylene (MDPE) and low density polyethylene (LDPE). HDPE was the largest segment and accounted for 48.4% of the global revenue in year 2018. Cross-linked HDPE provides two advantages as compared to its alternatives which include improved heat resistance and oil resistance, which can be useful for wire and cable insulation and jacketing application

Increasing demand for reliable, efficient energy and data communications will strengthen the demand for wires and cables which in turn is expected to push the consumption growth of cross-linked polyethylene over the forecast years

Growing demand for wires and cables across Asia-Pacific region supported by growing urbanization and infrastructural activities is expected to push the demand for cross-linked polyethylene over the coming years

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/cross-linked-polyethylene-pex-market

Further key findings from the report suggest:

• Peroxide production technology segment wields maximum share in the global cross-linked polyethylene market by the end of 2018. Plumbing products which are made up of peroxide cross-linking have better performance, such as thermal shock resistance and creep resistance as compared to the products made by other methods such as silane grating and electron beam processing.
• Plumbing was the prominent application segment in 2018 and accounted for 52.7% of global market value. Asia-Pacific, spearheaded by China accounted for maximum share in the market across the globe and is expected to continue its dominance over the coming years
• Capacity expansions and acquisitions are some of the strategies adopted by the prominent manufacturers in order to enhance their presence in the market as well as to expand their existing product portfolio. For instance, in October 2017, Armacell has announced the expansion of its cross-linked polyethylene manufacturing capabilities in U.S. to complement its existing capabilities
• Key players include Borealis AG, The Dow Chemical Company, LyondellBasell Industries Holdings B.V, PolyOne Corporation, SABIC, Arkema, Exxon Mobil Corporation, Armacell, etc.

Stearic Acid Market Size Worth $11.01 Billion By 2022 | CAGR: 4.5%

 Global stearic acid market size is expected to reach USD 11.01 billion by 2022, expanding at a CAGR of 4.5% over the forecast period, according to a new study by Grand View Research, Inc. Increasing penetration of organic chemicals across personal care products such as shaving creams, shampoos and soaps is expected drive the global market. Benefits such as enhanced shelf life, versatility, excellent binding & thickening properties and stability, as a base for cosmetics are anticipated to strengthen its demand over the forecast period. Powerful surfactant and cleansing properties that assist removal of dirt and oil in the skin are slated to fuel its demand in soaps and detergents. Favorable regulations such as Nutritional Labeling and Education Act (NLEA) of 1990, permitting use of saturated fatty acids in food additives are also expected to impact its demand positively. Hazards related to toxicity coupled with volatile raw material prices are expected to remain a key challenge for market participants.

Soaps & detergents emerged as the largest application segment and accounted for 28.9% of the total market volume in 2014. Growing detergents industry in emerging economies may be attributed for high level of market penetration in the segment.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/stearic-acid-market

Further key findings from the study suggest:

• Global stearic acid demand was 5,744.3 kilo tons in 2014 and is expected to reach 8,129.9 kilo tons by 2022, growing at a CAGR of 4.5% from 2015 to 2022.
• Personal care is projected to witness the fastest growth of 5.1% over the forecast period. Growth of personal care industry in Asia Pacific and Latin America is expected to drive this segment over the forecast period. Surging organic personal care and cosmetic products demand is also estimated to fuel stearic acid demand.
• Growing application scope across various niche segments including metal processing, candle manufacturing, and pharmaceuticals is also expected to drive global stearic acid industry growth in near future.
• Asia Pacific was the largest regional market and accounted for 42.7% of total volume in 2014. Asia Pacific stearic acid market is characterized by rapid industrialization coupled with rising disposable income level particularly in India, China and Indonesia. These factors may be attributed to the rising product demand across various application segments in the region.
• Major companies operating in global market include The U.S. Chemical Company LLC., BASF, AkzoNobel, Emery Oleochemicals, Wilmar International, Godrej Industries, Oleon, Pacific Oleochemicals Sdn Bhd, Kao Chemicals, and Kuala Lumpur Kepong (KLK).

Ceramic Sanitary Ware Market Size Worth $80.2 Billion By 2025

 The global ceramic sanitary ware market size is expected to reach USD 80.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.4% over the forecast period. Growing consumer awareness regarding sanitation and hygiene as a result of supportive initiatives by the government, corporate, and NGOs is expected to have a positive impact on the market growth. Furthermore, growing popularity of ceramic sanitary ware as aesthetic materials with excellent properties of corrosion and abrasion resistant and glossy surface is projected to expand the industry size over the next few years.

The toilet sinks and water closets segment dominated the market in 2018 and is expected to maintain its lead over the next few years. The industry participants have been increasing their spending on launching water closets that not only guarantee the maintenance of hygienic standards but also provide timeless aesthetic values to the consumers. For instance, in January 2019, HSIL launched Hindware Rimless water closets, which are recommended by the Indian Medical Academy for Preventive Health (IMAPH). These products are targeted for hospitals, hotels, commercial offices, and residential complexes.

The urinals segment is expected to generate a revenue of more than USD 15 billion by the end of 2025. Increasing number of commercial complexes at a global level is expected to promote the use of urinal sanitary ware over the next few years. Furthermore, growing importance of automatic urinal systems with build-in sensors at a global level is expected to have a positive impact on the ceramic sanitary ware market growth in the near future.

The residential segment is expected to remain the largest consumer over the next few years. Expansion of middle-class income groups and supportive home loan policies by various banks in emerging economies including China, Bangladesh, and India are expected to expand the utility of sanitary wares.

Furthermore, implementation of sanitary awareness programs including Swachh Bharat Mission (SBM) by the government of India is expected to promote the building of toilets in rural areas. The trend of increasing penetration of toilets in rural areas is expected to expand the use of ceramic materials in rural households over the next few years.

Key industry participants include Grohe AG; RAK Ceramics; SOMANY CERAMICS Limited; Johnson Tiles; Duravit AG; Villeroy & Boch; Geberit Group; Toto Inc.; Hansgrohe; Kohler; and Ideal Standard International S.A. New product launches and mergers and acquisitions are expected to remain key competitive strategies of the manufacturing firms over the next few years.

In January 2019, H & R Johnson launched a new range of sanitary ware products under the brand name, Johnson International. This product is designed with key features including 4D flushing system and zirconium emulsified glazing for excellent stain resistance.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/ceramic-sanitary-ware-market

Further key findings from the report suggest:

• Toilet sinks and water closets held the largest share of more than 40.0% in 2018
• The residential application segment dominated the market with a share of more than 60.0% in 2018
• Asia Pacific is expected to expand at the fastest CAGR of 14.3% from 2019 to 2025.

High Performance Composites Market Size Worth $81.63 Billion By 2025

 The global high performance composites market size is expected to reach USD 81.63 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for high performance composites from aerospace & defense sectors is expected to play a key role in the growth of the market over the forecast period.

The products possess superior mechanical properties including high chemical resistance and stiffness, courtesy which they have witnessed an increase in demand in construction, consumer goods, and energy sectors. Increasing consumption in the automobile industry, as an alternative to traditional materials such as steel and aluminum, is also expected to be one of the key drivers of the market.

The Asia Pacific was the largest market for high performance composites in 2016. This region, with growing consumption from the above-mentioned industries, is also expected to witness the highest growth in this market over the next eight years. China and Japan, which are home to some of the largest electronics and automobile companies, dominated the Asia Pacific market in 2016.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/global-high-performance-composites-market

Further key findings from the report suggest:

• The global high performance composites market is projected to reach USD 81.63 Billion by 2025, growing at a CAGR of 8.2% from 2017 to 2025
• The market for resins was valued at USD 23 billion in 2016, the highest among all materials, on account of the growing demand for thermoset resins from composites manufacturers
• The automotive and industrial segment is projected to grow at the highest CAGR of 10% by revenue from 2017 to 2025. This segment is driven by growing demand from pressure vessel and passenger car manufacturers
• The U.S. accounted for 82% of the total North American demand in 2016 courtesy an increase in demand for composites from the major aircraft manufacturer, Boeing, as well as automobile players including Ford Motors and General Motors
• Asia Pacific market is expected to grow at the highest CAGR of 9% from 2016 to 2025. This region is characterized by a growing demand for composites from the automobile and construction sectors in emerging countries.
• BASF, Arkema, Hexcel Corporation, and Solvay were the major players in the market in 2016. New product developments and investments in R&D, in order to lower the prices, were key growth strategies adopted by these players from 2011 to 2016.

Cross-Linked Polyethylene Market Size Worth $8.60 Billion By 2025

 The global cross-linked polyethylene market size is expected to reach USD 8.60 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a 6.0% CAGR over the forecast period. Increasing demand from wires and cable insulation sector and plumbing products manufacturing is likely to boost the market growth. Cross-linked polyethylene based plumbing products utilized in hot water supply system are required for their high creep resistance & mechanical strength at high temperature

Cross-linked polyethylene is most commonly utilized in plumbing and wires and cable insulation industry supported by their mechanical as well as chemical properties such as enhancement of chemical and oil resistance in at elevated temperatures, high tensile strength, impact resistances and elongation and impact resistance, etc. Availability of alternative materials such as polypropylene pipe, corrugated stainless steel tubings, aluminium plastic composite for plumbing application may impact the demand of cross-linked polyethylene over the coming years

The PEX market is segmented based on type into high density polyethylene (HDPE), Medium density polyethylene (MDPE) and low density polyethylene (LDPE). HDPE was the largest segment and accounted for 48.4% of the global revenue in year 2018. Cross-linked HDPE provides two advantages as compared to its alternatives which include improved heat resistance and oil resistance, which can be useful for wire and cable insulation and jacketing application

Increasing demand for reliable, efficient energy and data communications will strengthen the demand for wires and cables which in turn is expected to push the consumption growth of cross-linked polyethylene over the forecast years

Growing demand for wires and cables across Asia-Pacific region supported by growing urbanization and infrastructural activities is expected to push the demand for cross-linked polyethylene over the coming years

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/cross-linked-polyethylene-pex-market

Further key findings from the report suggest:

• Peroxide production technology segment wields maximum share in the global cross-linked polyethylene market by the end of 2018. Plumbing products which are made up of peroxide cross-linking have better performance, such as thermal shock resistance and creep resistance as compared to the products made by other methods such as silane grating and electron beam processing.
• Plumbing was the prominent application segment in 2018 and accounted for 52.7% of global market value. Asia-Pacific, spearheaded by China accounted for maximum share in the market across the globe and is expected to continue its dominance over the coming years
• Capacity expansions and acquisitions are some of the strategies adopted by the prominent manufacturers in order to enhance their presence in the market as well as to expand their existing product portfolio. For instance, in October 2017, Armacell has announced the expansion of its cross-linked polyethylene manufacturing capabilities in U.S. to complement its existing capabilities
• Key players include Borealis AG, The Dow Chemical Company, LyondellBasell Industries Holdings B.V, PolyOne Corporation, SABIC, Arkema, Exxon Mobil Corporation, Armacell, etc.

Stearic Acid Market Size Worth $11.01 Billion By 2022 | CAGR: 4.5%

 Global stearic acid market size is expected to reach USD 11.01 billion by 2022, expanding at a CAGR of 4.5% over the forecast period, according to a new study by Grand View Research, Inc. Increasing penetration of organic chemicals across personal care products such as shaving creams, shampoos and soaps is expected drive the global market. Benefits such as enhanced shelf life, versatility, excellent binding & thickening properties and stability, as a base for cosmetics are anticipated to strengthen its demand over the forecast period. Powerful surfactant and cleansing properties that assist removal of dirt and oil in the skin are slated to fuel its demand in soaps and detergents. Favorable regulations such as Nutritional Labeling and Education Act (NLEA) of 1990, permitting use of saturated fatty acids in food additives are also expected to impact its demand positively. Hazards related to toxicity coupled with volatile raw material prices are expected to remain a key challenge for market participants.

Soaps & detergents emerged as the largest application segment and accounted for 28.9% of the total market volume in 2014. Growing detergents industry in emerging economies may be attributed for high level of market penetration in the segment.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/stearic-acid-market

Further key findings from the study suggest:

• Global stearic acid demand was 5,744.3 kilo tons in 2014 and is expected to reach 8,129.9 kilo tons by 2022, growing at a CAGR of 4.5% from 2015 to 2022.
• Personal care is projected to witness the fastest growth of 5.1% over the forecast period. Growth of personal care industry in Asia Pacific and Latin America is expected to drive this segment over the forecast period. Surging organic personal care and cosmetic products demand is also estimated to fuel stearic acid demand.
• Growing application scope across various niche segments including metal processing, candle manufacturing, and pharmaceuticals is also expected to drive global stearic acid industry growth in near future.
• Asia Pacific was the largest regional market and accounted for 42.7% of total volume in 2014. Asia Pacific stearic acid market is characterized by rapid industrialization coupled with rising disposable income level particularly in India, China and Indonesia. These factors may be attributed to the rising product demand across various application segments in the region.
• Major companies operating in global market include The U.S. Chemical Company LLC., BASF, AkzoNobel, Emery Oleochemicals, Wilmar International, Godrej Industries, Oleon, Pacific Oleochemicals Sdn Bhd, Kao Chemicals, and Kuala Lumpur Kepong (KLK).

Clarified Butter Market Size Worth $3.34 Billion By 2027 | CAGR: 9.9%

 

Clarified Butter Market Growth & Trends

The global clarified butter market size is expected to reach USD 3.34 billion by 2027, expanding at a CAGR of 9.9% over the forecast period, according to a new report by Grand View Research, Inc. Demand for clarified butter, also known as ghee, is expected to be driven by phenomenal globalization of food systems across the world. Additionally, easy access of diversified food is propelling the adoption of clarified butters in different cuisines, which is a major driver of the ghee market. For instance, Ethiopian cuisine has emerged as a major global food, and thus clarified butter in the form of Niter kibbeh finds usage as an important ingredient in the gastronomy.

Growing popularity of the product is compelling the companies to launch new products to sustain and enhance their market share. For instance, in February 2020, Gourmet Ghee Company launched Holi Ghee in U.S. The clarified butter is inspired from the Indian festival Holi as it comprises colorful crunchy sprinkles. These colorful sprinkles are made of organic-based dyes and the sweetness is induced using some hand-selected ingredients. It has a subtle sweetness with a rich taste and texture. The product is suitable for making traditional Indian sweets, including Gujiya and Matthi.

Similarly, in March 2019, the Rumiano Cheese Company launched Grass-Fed Ghee. The ingredients for the product are claimed to be completely organic and non-GMO and are sourced from family farms and foragers in the Pacific Northwest. The clarified butter has a high content of omega-3 fatty acids and beta-carotene. It is available in three flavors including plain, turmeric black pepper, and honey. The product has a rich golden color and a nutty aroma and is available in 10 oz. glass jars. The company entered this segment due to emerging high performance lifestyle and upcoming demand for healthy, high-fat diets among the millennials. It also plans to expand its portfolio of organic products.

Rising adoption of clarified butter indicates the vast potential of the market. Startups and venture capitals can be seen grooving towards this. For instance, in July 2019, 4th & Heart, a startup producing flavored ghee, received series C funding of USD 7.6 million from Harbinger Ventures. The company is known to offer 21 products and is available in over 10,000 stores in U.S.

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Clarified Butter Market Report

Clarified Butter Market Report Highlights

• Based on application, the B2C segment generated a revenue of USD 1035.9 million in 2019. Growing popularity of clarified butter across the globe for its caliber to add a distinctive flavor to food is expected to drive the market among household consumers
• The B2B application segment is expected to exhibit the fastest CAGR of 10.2% from 2020 to 2027 owing to the use of the product as an essential ingredient in some of the most coveted gourmet foods, including biryani, in restaurants and hotels across the globe
• Online channel is expected to expand at the fastest CAGR of 12.1% from 2020 to 2025. The growth is attributed to increased importance of e-commerce channels among millennials as convenience friendly shopping options
• India emerged as the largest consumer of clarified butter and generated a revenue of more than USD 400 million in 2019. The product is considered an essential staple ingredient to the Indian cuisine in household and commercial spaces

Rodenticides Market Size Worth $993.4 Million By 2025 | CAGR: 3.3%

 

Rodenticides Market Growth & Trends

The global rodenticides market size is anticipated to reach USD 993.4 million by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 3.3% during the forecast period. Increased prevalence of rodent-related diseases and rising demand for rodent control are likely to be major factors driving market growth.

Increasing urbanization, coupled with demand to maintain high hygiene standards in the business, public, and residential sectors, is expected to augment demand. Over 54.0% of the world’s total population resides in urban areas, which is likely to register an increase of 66.0% by 2025, according to the United Nations (UN). Increasing population and rising consciousness regarding healthy environment are likely to augment demand for rodenticides over the coming years.

Stringent government policies regarding active ingredients used in production of rodenticides is predicted to be a major limiting factor over the forecast period. For instance, in Canada, only zinc phosphide and strychnine are registered for use as rodenticides. Natural rodenticides use non-toxic and food grade ingredients approved by the EPA.

Rodenticide manufacturers are continuously engaged in research and development of active ingredients for production of superior quality products that provide higher efficiency. Companies lay high emphasis on increasing their regional presence in order to tap unexplored markets.

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Rodenticides Market Report

Rodenticides Market Report Highlights

• By product, the non-anticoagulant segment is likely to register the highest CAGR of 4.0% from 2017 to 2025 due to higher efficiency in destroying rodents in comparison to anticoagulants
• The powder and spray mode of application is expected to register a sluggish CAGR of 2.5% from 2017 to 2025. Use of such modes spreads particles into the air when used in ventilation, which, in turn, could harm pets and humans
• By end use, the agriculture segment is projected to register a CAGR of 3.9% from 2017 to 2025. Increase in damage to grains, farm equipment, and crop by rodents is likely to drive segment growth over the forecast period
• Demand for rodenticides in China is anticipated to signify a CAGR of 6.6% over the coming years. Acute rodenticides have been used in the country for many years and play a vital role in controlling rodent population
• Central and South America is estimated to register a CAGR of 3.7% from 2017 to 2025. Rising rodent population in the region is a limiting factor for development or introduction of some crops, which is likely to propel demand for rodent control products in the coming years
• Manufacturers are engaged in various acquisitions and new product developments to gain prominence in the market. For instance, Rentokil Initial plc acquired Vector Disease Acquisition, LLC in November 2017 to expand its presence in North America.

Rare Earth Elements Market Worth $5.62 Billion By 2025 | CAGR 10.4%

 The global rare earth elements market is anticipated to reach USD 5.62 billion by 2025, according to a new report by Grand View Research, Inc. The growing use of permanent magnets in the production of batteries for electric vehicles is expected to propel the demand for rare earth elements including neodymium, praseodymium, dysprosium, gadolinium, and terbium over the forecast period. Neodymium and praseodymium based rare earth permanent magnets are majorly used in the manufacturing of batteries.

The growing demand for electric vehicles coupled with the government initiatives on reducing the CO2 emissions is expected to boost the demand for permanent magnets. In March 2019, the Chinese government reduced subsidies for electric vehicles in order to promote innovation amongst local manufacturers on account of declining costs. The incentives for electric cars with less than 400 km range decreased from 50,000 yuan to 25,000 yuan, while the incentives for vehicles ranging less than 250 km have been eliminated.

According to USGS, China holds the largest amount of reserves with 44 million tons and Malaysia holds the least amount of reserves with 30 thousand tons. It also stated that the U.S. has USD 6.2 trillion worth of mineral reserves. However, the stringent regulatory policies towards mining in the U.S. has forced the companies to import the raw materials from China. Hence, the production of raw material has been a major challenge for the U.S companies.

The increasing prices of rare earth elements and high investments to open new mines have given rise to recycling of the product. Japan is one of the major producer of recycled rare earth elements. In 2010, Hitachi developed a new technology for recycling rare-earth magnets from air conditioners and hard disk drives. It can separate recycle magnets approximately eight times more efficiently than conventional methods. In 2012, The Honda Corporation opened the first rare earth recycling plant. The company utilized used automotive parts containing metals to produce rare earth elements.

The key players in the rare earth elements market are involved in acquisitions, expansions, and long term binding agreements with their customers. In Nov 2017, Hitachi Metals Ltd acquired Santoku Corporation, a Japanese manufacturer of alloys. This strategy was aimed at accelerating the production of neodymium magnet alloys in order to achieve sustainable growth in the global market.

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Further key findings from the report suggest:

• Neodymium is anticipated to register a CAGR of 8.3%, in terms of volume, from 2019 to 2025 owing to growing demand for permanent magnets
• Catalyst application accounted for a revenue share of 18.7% in 2018 owing to increasing demand from automotive and petroleum refining industries.
• Middle East & Africa is expected to grow at a CAGR of 6.9%, in terms of volume, over the forecast period owing to rising investment in expansion of refinery capacities
• In 2016, Hitachi Metals Ltd entered into a joint venture with Zhong Ke San Huan Hi-Tech Co., Ltd. to manufacture Neodymium-Iron-Boron magnets
• The major players are adopting strategies like capacity expansion and agreements with the end-use industries to cater to growing demand for rare earth elements. For instance, in January 2018, Lynas Corporation signed an agreement with Bosch, an automotive component supplier. This agreement was aimed at ensuring continuous supply of rare earth materials to Bosch.

Purging Compound Market Worth $707.9 Million By 2025 | CAGR: 5.9%

 The global purging compound market size is expected to reach USD 707.9 million by 2025, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The growing plastic processing machinery industry in Asia Pacific is anticipated to be a major driving force triggering the market growth.

Injection molding segment has been observing noteworthy growth in the purging compound industry. The growing demand for the mass production of various injection molded parts from end-use industries such as automotive is likely to have a positive impact on the demand for purging products in the industry.

Fluctuating raw material prices are predicted to be the major restraints during the forecast period due to volatility associated with the world oil price and production. In addition, the high prices of purging compounds are expected to restrain the market growth.

Companies have been adopting various strategies including expansions, acquisitions, mergers, agreements, and joint ventures. For instance, in September 2017, Dow Chemical and DuPont merged to form Dow DuPont in order to enhance their product offerings and solutions.

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www.grandviewresearch.com/industry-analysis/purging-compound-market

Further key findings from the report suggest:

• Injection molding segment is projected to register the fastest CAGR of 6.8%, in terms of revenue, from 2017 to 2025 on account of high demand for the product from the plastic processing machinery market
• Extrusion segment appeared as the major process in 2016 in the U.S. market and is expected to denote a CAGR of 4.9% over the forecast period, in terms of revenue, on account of the growing automotive, construction, and packaging industries
• The mechanical segment accounted for the major market share of 50.0% in 2016 and is predicted to witness significant growth from 2017 to 2025. The compounds are highly effective in the removal of pollutants and safe to use.
• Central & South America accounted for a market share of 11.1% in 2016 in terms of revenue. The region is anticipated to witness considerable growth from 2017 to 2025 due to the growing demand from the construction and automotive industries in Brazil and Argentina.
• The Asia Pacific purging compound market is likely to expand at the fastest CAGR, in terms of revenue, over the forecast period owing to the growing demand for the product from economies including China, Japan, and India
• Competitors have been implementing various approaches to strengthen their position in the market. Expansions and acquisitions are the key strategies adopted by market players over the past years. For instance, Formosa Plastics Corporation constructed a new polypropylene manufacturing line in the U.S. to increase its production capacity.

NB-IoT Market Size Worth $6.02 Billion By 2025 | CAGR: 34.9%

 The global narrowband-Iot (NB-IoT) market size is expected to reach USD 6,020.2 million by 2025, registering a CAGR of 34.9% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The growing demand for deployment of innovative technologies to track and monitor assets and people accurately in line with the smart city initiatives being pursued aggressively all around the world is expected to drive the growth of the market. Other factors, such as low power consumption, lower component costs, and wider coverage, are also expected to contribute toward the growth of the market.

Narrowband-IoT, which is also known as LTE Cat NB1, happens to be a Low Power Wide Area (LPWA) network technology standard used to connect a wide range of smart sensors and devices using a wireless cellular network. NB-IoT devices operate in the licensed spectrum and ensure secure and reliable connectivity to end users.

Incumbents of the automotive industry are responding to the passengers’ safety concerns by adopting emerging technologies that can potentially offer safer, convenient, and efficient transportation. As such, the use of Narrowband-IoT in the automotive industry is growing rapidly owing to the capability of NB-IoT to accurately track vehicles, identify and avoid highway congestions, and subsequently contribute toward effective traffic management. The looming commercialization of the upcoming connected and autonomous vehicles is also expected to play a key role in driving the growth of the NB-IoT market over the forecast period.

Energy and utility companies are widely adopting the NB-IoT technology for smart meters to remotely monitor the usage of power, water, and gas in residential and commercial buildings, and to obtain the usage data for issuing monthly bills. The usage data also helps energy and utility companies in tracking the consumption and formulating energy-saving strategies accordingly.

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www.grandviewresearch.com/industry-analysis/narrowband-nb-iot-market

Further key findings from the study suggest:

• The module segment is anticipated to emerge as the fastest-growing segment over the forecast period owing to the increasing number of IoT applications and declining manufacturing costs of NB-IoT modules
• The tracker segment is anticipated to gain traction over the forecast period owing to the growing use of trackers for tracking and monitoring production processes and assets, particularly those which are difficult to monitor manually
• The wearables segment is expected to witness the fastest growth over the forecast period due to the increasing demand for wearables such as fitness wristbands to monitor exercise activities and health monitoring devices to monitor the health status, as well as other dedicated wearables to track children and elderly people for safety purposes
• Asia Pacific is expected to register the highest CAGR from 2019 to 2025 owing to the rapidly growing demand for wearables and smartphones in line with the continued urbanization and various smart city initiatives being undertaken
• Key players operating in the NB-IoT market include AT&T; Huawei Technologies Co., Ltd.; Qualcomm Technologies, Inc.; Cellco Partnership (Verizon Wireless); MediaTek Inc.; T-Mobile US, Inc.; Intel Corporation; Nokia; Vodafone Group PLC; Sequans; Telefonaktiebolaget LM Ericsson; and Altair Semiconductor.

Methionine Market Size Worth $7.26 Billion By 2022

 

Methionine Market Growth & Trends

The global methionine market size is expected to reach USD 7.26 billion by 2022, according to a new report by Grand View Research, Inc. Increasing feed additives demand for maintaining adequate metabolism rate in livestock is expected to drive methionine market growth over the next seven years. Increasing meat consumption in Asia Pacific and Latin America is also expected to have a positive influence on the market growth. Recent animal disease outbreaks across various regions have also prompted the need to include methionine in animal feed.

Plants were major source of manufacturing methionine and accounted for over 85% of total market volume in 2014. Stringent government norms to ban fish silage and bone meal were primary factors for increasing penetration of plant based methionine in the global market. Plant based methionine is also expected to witness significant growth of 6.8% from 2015 to 2022.

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Methionine Market Report

Methionine Market Report Highlights

• Global methionine market demand was 1,044.7 kilo tons in 2014 and is expected to grow at a CAGR of 6.5% from 2015 to 2022.
• Animal feed emerged as the most dominant application segment and accounted for over 90% of total market volume in 2014. Poultry was the leading livestock consumer with demand share estimated at 74.8% of overall methionine in animal feed in 2014. Growing consumer awareness coupled with animal disease outbreak has prompted methionine demand in animal feed. Food & dietary supplements application segment is anticipated to grow at an estimated CAGR of 4.8% from 2015 to 2022.
• Asia Pacific was the leading regional market with demand share exceeding 30% in 2014. Changing lifestyle coupled with population expansion in countries such as China and India has increased meat consumption in the region which further has helped in shaping up the methionine market. North American methionine market is expected to grow at an estimated CAGR of 5.8% from 2015 to 2022.
• The market is highly concentrated and characterized by few dominant market participants accounting for a major share. Key companies operating in the global market includes Evonik Industries AG, Adisseo France SAS, Sumitomo Chemical Company and Novus International Inc.
• Other prominent players operating in the market include Tokyo Chemical Industry Co. Ltd., Ajinomoto Inc., Iris Biotech GmbH, Sunrise Nutrachem Group, Kyowa Hakko Bio. Co. Ltd., Royal DSM, Tocris Bioscience Ltd., AnaSpec Inc., Ajinomoto Inc., Prinova U.S. LLC, Beijing FortuneStar S&T Development Co., Ltd, CJ Cheil Jedang Corp., and Jinzhou Jirong Amino Acid Co., Ltd, .

CIS Insulin Market Growth & Trends

 

CIS Insulin Market Growth & Trends

The CIS Insulin Market is expected to reach USD 3,008.5 million by 2020 growing at a CAGR of 15.0%, according to a new study by Grand View Research, Inc. The presence of an extensive pipeline portfolio of products exhibiting higher efficacies and their subsequent commercialization over the next six years is expected to serve this market as a high impact rendering driver. The introduction of government initiatives aimed at improving the affordability of insulin via price reduction, such as the collaboration between the government of Ukraine and Indar to reduce the price of insulin by 20% in 2013 is expected to have positive influence on demand. Some of the other drivers of this market include increasing attempts made by manufacturers to capitalize on the untapped opportunities by opening new manufacturing units to improve the supply of insulin and growing incidence rates of type II diabetes are some of the factors expected to fuel future market growth.

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CIS Insulin Market Report

CIS Insulin Market Report Highlights

• Regionally, Russia occupied the largest share of the market, accounting for 69.2% of the revenue. Its large share is majorly attributed by the subsidies that Russian government provides to make insulin more affordable for patients.
• Ukraine is expected to register the fastest CAGR of 15.6% during the forecast period due to the presence of high untapped opportunities and encouraging government initiatives.
• In addition, Poland is expected to grow at a lucrative rate during the forecast period majorly owing to the presence of high diabetes prevalence coupled with increasing healthcare expenditures.
• Long acting insulin accounted for the largest share of the market, at over 39.0% in 2013, owing to the higher preference given to long acting insulin therapy for diabetes which results in lesser episodes of low blood sugar. It is also expected that this product segment will grow at the fastest CAGR of over 18.0% during the next six years.
• Application of insulin for control of type II diabetes occupied for over 90.0% of the market owing to the presence of larger portfolio of products catering to this segment and a relatively larger prevalence base
• Analogs accounted for over 80.0% of the revenue owing to their relatively higher prices and better efficacy levels. In addition, this segment is expected to exhibit the fastest CAGR during the forecast period on account of the introduction of technologically advanced products such as ultra-long and ultra-fast acting analogs.

Insulating Glass Market Size Worth $4.26 Billion By 2025

 The global insulated glass market size is expected to reach USD 4.26 billion by 2025, according to a new report by Grand View Research, Inc. The rising awareness about energy efficient buildings is expected to drive demand for insulating glass. Insulating glass is a special type of value added product which is installed to keep the environment warmer in winters and cooler during the summer season. The presence of two window panes in one unit aids in providing heat insulation.

The heat transfer by convection, radiation and conduction are decreased by the extra window and air void present in an insulated glass. Nowadays, manufacturers have developed insulation glass with advanced properties such as noise control and enhanced thermal insulation.

The rising demand for green buildings is expected to drive demand for the product. The energy efficiency provided by insulating glass is the major factor driving the demand for this product. The market is majorly concentrated in certain regions around the world. The demand for the product is high particularly in the developing economies of India and Thailand.

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www.grandviewresearch.com/industry-analysis/insulated-glass-market

Further key findings from the report suggest

• Non-residential construction is the largest application segment growing at a CAGR of 8.0% from 2016 to 2024. The demand in this application segment is expected to reach USD 1.65 billion by 2024.
• Residential construction is the fastest growing segment in the insulated glass market as is growing at a CAGR of 8.1%. The demand for reduced air conditioning costs is driving the demand for this product in residential application
• The demand in Asia Pacific was USD 841.6 million in 2015, accounting for over 40% of the overall market. Growing demand for the product in China and demand due to its superior properties as well as its ability to reduce air conditioning cost is likely to propel demand
• The competitive environment is highly consolidated with a few major players dominating the industry. The industry is dominated by major flat glass manufacturers such as NSG (Pilkington), Saint-Gobain and Viracon.
• The industry participants are engaged in rapid new product development to gain market share as the industry growth is still in its nascent stage. Saint-Gobain recently launched various products such as SGG Nano, SGG Antelio Plus, SGG Cool-Lite.

Beta Glucan Market Size To Reach $1,055.4 Million By 2030

 

Beta Glucan Market Growth & Trends

The global beta glucan market size is expected to reach USD 1,055.4 million by 2030, registering a CAGR of 8.0% during the forecast period, according to a new report by Grand View Research, Inc. The industry is anticipated to grow, primarily on account of its increased application in industries, including nutraceutical, functional food and pharmaceutical.

The consumers in the industry lay high emphasis on the source of the product. In addition, the overall quality is generally determined by the consumers through the certifications associated with the product. The industry is characterized by the presence of a notable regulatory framework with regulations related to processing, packaging, and transportation of the product.

Manufacturers are inclined toward use of innovative extraction methods such as AME, dry fractionation to increase the concentration of bioactive ingredients in the extract in an attempt to increase the customer base. Rising number of groceries, retail stores, and supermarkets offering the products are expected to trigger the industry growth.

There is an upsurge in the usage of seaweed for the extraction process with heavy investment noted by the companies which is anticipated to drive the industry growth over the forecast period. Mushroom is known to have more than 30 varieties, and is available in abundance across the globe, thereby benefitting the industry.

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Beta Glucan Market Report

Beta Glucan Market Report Highlights

• Mushroom sourced beta-glucan is expected to be the fastest-growing segment, in terms of revenue, registering a CAGR of 9.0% from 2023 to 2030 owing to the superior health benefits offered by the large varieties of mushroom grown for manufacturing different beta glucan products
• Insoluble product segment is expected to exhibit a CAGR of 8.7%, in terms of volume, on account of high demand for the product for use as an ingredient in the nutraceutical industry and pharmaceutical formulations. Insoluble forms of the product are largely consumed as a purgatory drug owing to its property in drug formulations
• The industry in Asia Pacific is anticipated to exhibit the fastest growth, registering a CAGR of 9.5% from 2023 to 2030 on account of rising awareness among population towards the consume naturally sourced pharmaceutical preparations
• The industry is exhibiting a high growth potential, due to which key players are focused towards the development of advanced formulations in that provide superior health benefits in a bid to cash in on the rapidly developing market

Industrial Batteries Market Worth $27.4 Billion By 2027 | CAGR: 6.0%

 

Industrial Batteries Market Growth & Trends

The global industrial batteries market size is projected to reach USD 27.44 billion by 2027 registering a CAGR of 6.0%, according to a new report by Grand View Research, Inc. High demand for back-up power batteries in grid-level energy storage application for solar and wind power projects will boost the market growth during the forecast period. Moreover, increasing usage of these batteries in various applications, such as UPS and motive power, is anticipated to drive the market. Industrial batteries offer benefits, such as reduction in manufacturing cost, high durability, lower maintenance costs, and low discharge rate capability, which is expected to increase their demand further.

Easy availability of batteries of different specifications and sizes will also augment the market growth. Lead acid batteries are relatively cheaper than other batteries and are can be manufactured using lesser technology equipment, which in turn will drive market their demand in the near future. Increasing investments by major manufacturers coupled with the growing number of renewable energy projects with battery storage capability are likely to drive the market. However, volatility in raw material prices will pose a restraint for the market growth.

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Industrial Batteries Market Report

Industrial Batteries Market Report Highlights

• Lead acid battery segment accounted for the largest market share in 2019. Due to growing power demand, national grids are getting pressurized resulting in the increased demand-supply gap for power, which is eventually driving the demand for battery for back-up systems in industrial applications
• Lithium-based batteries accounted for the second-largest market share in 2019 and is projected to register the highest CAGR during the forecast period
• This growth is attributed to the rising demand for lithium-based batteries as they are cost-effective
• The motive power end-use segment accounted for the largest market share in 2019, whereas grid-level energy storage application is projected to expand at the fastest CAGR during the forecast period
• Asia Pacific is forecasted to witness the highest growth from 2020 to 2027. Rapid expansion of industrial sector in China, India, Japan, and South Korea has triggered the demand for industrial batteries in the region
• China is expected to be one of the promising markets in light of energy storage technologies and favorable government support to promote investments in manufacturing sectors
• Major companies in the market have adopted various organic and inorganic growth strategies to expand their product portfolio and geographical footprint