Market Surge: Brushless DC Motors Expected to Reach $30.86 Billion by 2030

 

Brushless DC Motor Market Growth & Trends

The global brushless DC motor market is expected to reach USD 30,862.4 million by 2030, registering a compounded annual growth rate (CAGR) of 6.5% from 2024 to 2030, according to a study conducted by Grand View Research, Inc. These motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat of sparks. Low-cost maintenance, high efficiency at lower costs, and the rising adoption of Electric Vehicles (EVs) are some of the key factors driving the product demand over the forecast period.

The emergence of sensor-less controls for brushless DC (BLDC) type is likely to boost the durability and reliability of the product, thereby reducing the number of mechanical misalignments, electrical connections, as well as the weight and size of the end product. These factors are further estimated to drive market growth over the forecast period. Furthermore, the growing production of vehicles, globally, to cope up with the rising demand is anticipated to have a positive impact on the market growth.

The product is extensively used in motorized vehicle applications, such as in sunroof systems, motorized seats, and adjustable mirrors. In addition, these powertrains are extensively being preferred for performance applications in vehicles, such as chassis fittings, power-train systems, and safety fittings, owing to simple structure, fewer maintenance requirements, and extended operational life. Thus, increasing product adoption by the automobile industry for multiple applications is anticipated to drive the market over the forecast period.

Rising product usage in EVs in mechatronic systems, primarily in batteries for accumulators and power electronic converters, owing to advantages, such as high operating speed, compact size, and quick response time, will also augment the market growth. The production of EVs is on the rise, globally, supported by government initiatives to encourage the usage of non-conventional fuels and effectively reduce the adverse impacts of carbon emissions. Thus, the increasing EV production is anticipated to directly influence the product demand over the forecast period.

Request a free sample copy or view report summary: 
Brushless DC Motor Market Report

Brushless DC Motor Market Report Highlights

• The brushless DC motor is expected to grow significantly on account of the benefits of these motors such as durability, low power consumptions, and less maintenance.
• Less than 750 watt brushless DC motor segment is expected to witness rapid growth from 2024 to 2030, which can be primarily ascribed to their extensive applications in numerous motor vehicles and household devices applications.
• Motor vehicles extensively use these for variety of applications. Increased production of automobiles and e-vehicles across the globe is anticipated to positively impact the growth of motor vehicle segment over the forecast period.
• The industrial machinery segment held 24% of the global market in 2023. Numerous industrial machines deploy brushless DC motors owing to advantages offered such as high efficiency, low power consumption and low maintenance costs among others.
• Asia Pacific is expected to emerge as the fastest-growing regional market, whilst registering a CAGR exceeding 7.8% from 2024 to 2030. Increasing industrialization in developing nations such as China, India and South Korea has fueled the adoption of brushless DC motor in the region.
• The key players capturing major market share include ABB Ltd, Ametek Inc., Johnson Electric and Nidec Motor Corporation, among others. Numerous companies are focusing on developing low-maintenance and eco-friendly products in order to gain a competitive edge.

Brushless DC Motor Market Segmentation

Grand View Research has segmented the global Brushless DC Motor Market report based on rotor type, power, speed, end-use, and region

Brushless DC Motor Rotor Type Outlook (Revenue, USD Million, 2017–2030)

• Inner Rotor
• Outer Rotor

Brushless DC Motor Power Output Outlook (Revenue, USD Million, 2017–2030)

• Less than 750 Watts
• 750 Watts to 2.99 kW
• 3 kW — 75 kW
• Above 75 kW

Brushless DC Motor Speed Outlook (Revenue, USD Million, 2017–2030)

• Less than 500 RPM
• 501–2,000 RPM
• 2,001–10,000 RPM
• More than 10,000 RPM

Brushless DC Motor End-use Outlook (Revenue, USD Million, 2017–2030)

• Industrial Machinery
• Motor Vehicles
• Safety
• Comfort
• Performance
• HVAC Equipment
• Aerospace & Transportation
• Household Appliances
• Others

Brushless DC Motor Regional Outlook (Revenue, USD Million, 2017–2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Latin America
• Brazil
• Mexico
• Middle East and Africa (MEA)
• Kingdom of Saudi Arabia (KSA)
• UAE
• South Africa

List of Key Players of Brushless DC Motor Market

• ABB
• Ametek Inc.
• Johnson Electric Holdings Limited.
• NIDEC CORPORATION
• Allied Motion Technologies, Inc.
• WorldWide Electric
• Schneider Electric
• Regal Rexnord Corporation
• Siemens
• TECO Corporation
• MinebeaMitsumi Inc.
• ORIENTAL MOTOR USA CORP

Brushless DC Motor Market To Reach $30,862.4 Million By 2030 | Grand View Research

Brushless DC Motor Market Growth & Trends

The global brushless DC motor market is expected to reach USD 30,862.4 million by 2030, registering a compounded annual growth rate (CAGR) of 6.5% from 2024 to 2030, according to a study conducted by Grand View Research, Inc. These motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat of sparks. Low-cost maintenance, high efficiency at lower costs, and the rising adoption of Electric Vehicles (EVs) are some of the key factors driving the product demand over the forecast period.

The emergence of sensor-less controls for brushless DC (BLDC) type is likely to boost the durability and reliability of the product, thereby reducing the number of mechanical misalignments, electrical connections, as well as the weight and size of the end product. These factors are further estimated to drive market growth over the forecast period. Furthermore, the growing production of vehicles, globally, to cope up with the rising demand is anticipated to have a positive impact on the market growth.

The product is extensively used in motorized vehicle applications, such as in sunroof systems, motorized seats, and adjustable mirrors. In addition, these powertrains are extensively being preferred for performance applications in vehicles, such as chassis fittings, power-train systems, and safety fittings, owing to simple structure, fewer maintenance requirements, and extended operational life. Thus, increasing product adoption by the automobile industry for multiple applications is anticipated to drive the market over the forecast period.

Rising product usage in EVs in mechatronic systems, primarily in batteries for accumulators and power electronic converters, owing to advantages, such as high operating speed, compact size, and quick response time, will also augment the market growth. The production of EVs is on the rise, globally, supported by government initiatives to encourage the usage of non-conventional fuels and effectively reduce the adverse impacts of carbon emissions. Thus, the increasing EV production is anticipated to directly influence the product demand over the forecast period.

Market Concentration & Characteristics

The brushless DC (BLDC) Motor growth stage is moderate. BLDC motors have emerged as a transformative technology in the field of electric motors, offering distinct advantages over traditional brushed DC motors. This market is characterized by a strong emphasis on efficiency, durability, and precise control, positioning BLDC motors as a preferred choice in various industries. One of the primary market drivers for BLDC motors is their exceptional efficiency. Unlike brushed motors, BLDC motors eliminate the need for brushes, thereby reducing friction and energy losses. This heightened efficiency is particularly significant in applications where energy conservation is paramount, such as electric vehicles, industrial automation, and consumer electronics. The emphasis on sustainability and energy efficiency has propelled the demand for BLDC motors in these sectors.

Request a free sample copy or view report summary: 
Brushless DC Motor Market Report

Brushless DC Motor Market Report Highlights

• The brushless DC motor is expected to grow significantly on account of the benefits of these motors such as durability, low power consumptions, and less maintenance.
• Less than 750 watt brushless DC motor segment is expected to witness rapid growth from 2024 to 2030, which can be primarily ascribed to their extensive applications in numerous motor vehicles and household devices applications.
• Motor vehicles extensively use these for variety of applications. Increased production of automobiles and e-vehicles across the globe is anticipated to positively impact the growth of motor vehicle segment over the forecast period.
• The industrial machinery segment held 24% of the global market in 2023. Numerous industrial machines deploy brushless DC motors owing to advantages offered such as high efficiency, low power consumption and low maintenance costs among others.
• Asia Pacific is expected to emerge as the fastest-growing regional market, whilst registering a CAGR exceeding 7.8% from 2024 to 2030. Increasing industrialization in developing nations such as China, India and South Korea has fueled the adoption of brushless DC motor in the region.
• The key players capturing major market share include ABB Ltd, Ametek Inc., Johnson Electric and Nidec Motor Corporation, among others. Numerous companies are focusing on developing low-maintenance and eco-friendly products in order to gain a competitive edge.

Brushless DC Motor Market Segmentation

Grand View Research has segmented the global Brushless DC Motor Market report based on rotor type, power, speed, end-use, and region

Brushless DC Motor Rotor Type Outlook (Revenue, USD Million, 2017–2030)

• Inner Rotor
• Outer Rotor

Brushless DC Motor Power Output Outlook (Revenue, USD Million, 2017–2030)

• Less than 750 Watts
• 750 Watts to 2.99 kW
• 3 kW — 75 kW
• Above 75 kW

Brushless DC Motor Speed Outlook (Revenue, USD Million, 2017–2030)

• Less than 500 RPM
• 501–2,000 RPM
• 2,001–10,000 RPM
• More than 10,000 RPM

Brushless DC Motor End-use Outlook (Revenue, USD Million, 2017–2030)

• Industrial Machinery
• Motor Vehicles
• Safety
• Comfort
• Performance
• HVAC Equipment
• Aerospace & Transportation
• Household Appliances

List of Key Players of Brushless DC Motor Market

• ABB
• Amete Inc.
• Johnson Electric Holdings Limited.
• NIDEC CORPORATION
• Allied Motion Technologies, Inc.
• WorldWide Electric
• Schneider Electric
• Regal Rexnord Corporation
• Siemens
• TECO Corporation
• MinebeaMitsumi Inc.
• ORIENTAL MOTOR USA CORP

Lipid Nanoparticle Raw Materials Market To Reach $329.2 Million By 2030

 

Lipid Nanoparticle Raw Material Market Growth & Trends

The global lipid nanoparticle raw materials market size is anticipated to reach USD 329.2 million by 2030 and it is projected to grow at a CAGR of 5.66% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for drug-delivery systems, advancements in healthcare technologies, and the increasing prevalence of chronic diseases such as cancer, cardiovascular disorders, and neurological disorder are expected to boost the market further. Government investment can have a significant impact on the lipid nanoparticle raw material market. As governments invest in research and development of new technologies, including lipid nanoparticles, the demand for raw materials used in their production can increase. For instance, in April 2022, Croda International Plc was awarded USD 20.8 million by the UK Government to increase the output of its plant in Leek that manufactures lipids used in COVID-19 vaccines.

Advancements in lipid nanoparticle (LNP) formulation techniques have led to the development of more efficient and stable lipid-based carriers for drug delivery. Techniques such as microfluidics, solvent evaporation, and self-assembly processes enable precise control over the size, morphology, and surface properties of LNP, enhancing their performance as drug delivery vehicles. Researchers have developed innovative encapsulation strategies to improve the loading capacity and release kinetics of active pharmaceutical ingredients in LNP. Techniques such as solid lipid nanoparticle (SLN) technology, nanoemulsions, and lipid-drug conjugation enable efficient encapsulation of hydrophobic and hydrophilic drugs, as well as nucleic acids like RNA and DNA, expanding the range of therapeutic molecules that can be delivered using LNP.

The development of COVID-19 vaccines utilizing LNP-based delivery systems for mRNA vaccines garnered significant attention and resources during the pandemic. This increased focus on vaccine delivery technologies has indirectly benefited the market by driving innovation and investment in LNP formulation and manufacturing capabilities. Regulatory agencies expedited the review and approval processes for COVID-19 therapeutics and vaccines, including those utilizing LNP technology. While this facilitated rapid market entry for COVID-19 treatments, it also underscored the need for streamlined regulatory pathways and standards for LNP -based products in other therapeutic areas, potentially shaping future regulatory frameworks and market dynamics.

The market faces several challenges, including Intellectual property rights related to LNP formulations, manufacturing processes, and raw material compositions can pose barriers to market entry for new entrants and limit competition. Navigating patent landscapes and securing licenses for proprietary technologies can be challenging for companies seeking to commercialize lipid nanoparticle-based products. Transitioning from laboratory-scale to commercial-scale production of lipid nanoparticle-based products presents challenges in maintaining product quality, optimizing production yields, and meeting demand. Scale-up challenges include process scalability, equipment validation, and supply chain logistics.

Request a free sample copy or view report summary: 
Lipid Nanoparticle Raw Materials Market Report

Lipid Nanoparticle Raw Materials Market Report Highlights

• Based on application, the therapeutic segment led the market with the largest revenue share of 62.25% in 2023, owing to the increasing collaborations between research institutions and industry players for the drug development and growing government funding
• Based on product, the kits segment held the largest market share in 2023. On the other hand, reagents are expected to grow at a significant CAGR during the forecast period
• Based on disease indication, the infectious disease segment dominated the market and is expected to grow at the fastest CAGR during the forecast period
• Based on end-use, the pharmaceutical & biotechnology companies segment led the market with the largest revenue share of 57.87% in 2023. The academic & research institute segment is expected to grow at a fastest CAGR during the forecast period
• North America dominated the market with a revenue share of 40.34% in 2023, owing to factors such as the significant burden of infectious diseases, high purchasing power parity, government support for quality healthcare, and availability of reimbursement

Lipid Nanoparticle Raw Materials Market Segmentation

Grand View Research has segmented the global lipid nanoparticle raw materials market based on application, product, diseases indication, end-user, and region:

Lipid Nanoparticle Raw Materials Application Outlook (Revenue, USD Million, 2018–2030)

• Therapeutics
• Research

Lipid Nanoparticle Raw Materials Product Outlook (Revenue, USD Million, 2018–2030)

• Kits
• Ionizable lipids
• PEGylated lipids
• Sterol lipids
• Neutral phospholipids
• Reagents
• Others

Lipid Nanoparticle Raw Materials Diseases Indication Outlook (Revenue, USD Million, 2018–2030)

• Cancer
• Infectious Diseases
• Blood Diseases
• Others

Lipid Nanoparticle Raw Materials End-use Outlook (Revenue, USD Million, 2018–2030)

• Pharmaceutical & Biotechnology Companies
• Academic & Research Institutes
• Others

Construction & Demolition Waste Management Market To Reach $308.50 Billion By 2030

 

Construction & Demolition Waste Management Market Growth & Trends

The global construction and demolition waste management market size is anticipated to reach USD 308.50 billion by 2030 and is expected to expand at a CAGR of 5.7% during the forecast period, according to a new report by Grand View Research, Inc. Increasing construction, renovation, and demolition projects across the world are likely to drive the demand for the waste management services of the C&D debris. The rising environmental concerns regarding illegal waste dumping and increasing stringent regulation for the safe handling of C&D debris are anticipated to drive the growth of the market over the forecast period.

One of the most significant drivers of the growth of construction & demolition waste management is the growing population and increasing need for the new construction of residential real estate. Most of the population growth in the world is contributed by the developing countries in Asia Pacific, and Middle East & Africa. The rising construction projects in the residential and commercial sectors in developing economies are likely to increasingly generate C&D debris.

Further, developed countries such as the U.S., Canada, Germany, the UK, etc., are experiencing growing emigration owing to increasing job opportunities. This is consequently creating a surging demand for the commercial buildings and residential sectors. Additionally, new renovation projects are expected to drive the growth of the construction and demolition waste management market over the forecast period.

Moreover, the introduction of stringent regulations by the government of the developing economies is expected to positively impact the growth of the construction & demolition waste management market over the forecast period. The depletion of natural resources and over-mining activities are likely to create a supply gap for building materials. Thus, the new initiatives to recycle and reuse the C&D debris and use them in the construction materials for new buildings is expected to increase over the forecast period. Such market developments and initiatives are likely to boost the demand for C&D debris recycling activities over the forecast period.

Manufacturers of disposable gowns adopt various strategic initiatives such as technological innovation, collaboration, expansion, and merger & acquisitions to stay ahead and maintain the market share in the global market. For instance, in February 2022, DTG Recycle, a Washington-based recycler, announced expansion through the acquisition of Hungry Buzzard. The company, Hungry Buzzard, operates a fleet of recycling containers.

Request a free sample copy or view report summary: 
Construction & Demolition Waste Management Market Report

Construction & Demolition Waste Management Market Report Highlights

• In 2023, the non-hazardous segment dominated the construction and demolition waste management market, owing to a large amount of concrete, gravel, bricks, etc. debris in the construction and demolition waste
• The soil, sand, & gravel segment held the largest share of the construction and demolition waste management market revenue in 2023. A large amount of soil, sand, & gravel are generated from the demolition activities
• The disposal segment of service is anticipated to grow at a lucrative growth over the forecast period owing to the increasing demand for recycling activities and a sustainable circular economy
• Industrial segment is estimated to dominate the global construction and demolition waste management market owing to the rapid expansion strategies and well-established regulations
• Asia Pacific dominated the construction and demolition waste management market, with a share of 34.2% in 2023 on account of the growing population augmenting the demand for construction and demolition projects
• In December 2023, Holcim announced the setting up of a new recycling center in Austria at the Mannersdorf cement plan. The recycling of the C&D debris is expected to facilitate this expansion strategy

Construction & Demolition Waste Management Market Segmentation

Grand View Research has segmented the construction and demolition waste management market based on material, waste type, service, source, and region:

Construction & Demolition Waste Management Waste Type Outlook (Revenue, USD Billion, 2018–2030)

• Hazardous
• Non-Hazardous

Construction & Demolition Waste Management Material Outlook (Revenue, USD Billion, 2018–2030)

• Soil, Sand & Gravel
• Concrete
• Bricks & Masonry
• Wood
• Metal
• Others

Construction & Demolition Waste Management Source Outlook (Revenue, USD Billion, 2018–2030)

• Collection
• Transportation
• Disposal

Construction & Demolition Waste Management Service Outlook (Revenue, USD Billion, 2018–2030)

• Residential
• Commercial
• Industrial

Lipid Nanoparticle Raw Materials Market To Reach $329.2 Million By 2030

 

Lipid Nanoparticle Raw Material Market Growth & Trends

The global lipid nanoparticle raw materials market size is anticipated to reach USD 329.2 million by 2030 and it is projected to grow at a CAGR of 5.66% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for drug-delivery systems, advancements in healthcare technologies, and the increasing prevalence of chronic diseases such as cancer, cardiovascular disorders, and neurological disorder are expected to boost the market further. Government investment can have a significant impact on the lipid nanoparticle raw material market. As governments invest in research and development of new technologies, including lipid nanoparticles, the demand for raw materials used in their production can increase. For instance, in April 2022, Croda International Plc was awarded USD 20.8 million by the UK Government to increase the output of its plant in Leek that manufactures lipids used in COVID-19 vaccines.

Advancements in lipid nanoparticle (LNP) formulation techniques have led to the development of more efficient and stable lipid-based carriers for drug delivery. Techniques such as microfluidics, solvent evaporation, and self-assembly processes enable precise control over the size, morphology, and surface properties of LNP, enhancing their performance as drug delivery vehicles. Researchers have developed innovative encapsulation strategies to improve the loading capacity and release kinetics of active pharmaceutical ingredients in LNP. Techniques such as solid lipid nanoparticle (SLN) technology, nanoemulsions, and lipid-drug conjugation enable efficient encapsulation of hydrophobic and hydrophilic drugs, as well as nucleic acids like RNA and DNA, expanding the range of therapeutic molecules that can be delivered using LNP.

The development of COVID-19 vaccines utilizing LNP-based delivery systems for mRNA vaccines garnered significant attention and resources during the pandemic. This increased focus on vaccine delivery technologies has indirectly benefited the market by driving innovation and investment in LNP formulation and manufacturing capabilities. Regulatory agencies expedited the review and approval processes for COVID-19 therapeutics and vaccines, including those utilizing LNP technology. While this facilitated rapid market entry for COVID-19 treatments, it also underscored the need for streamlined regulatory pathways and standards for LNP -based products in other therapeutic areas, potentially shaping future regulatory frameworks and market dynamics.

The market faces several challenges, including Intellectual property rights related to LNP formulations, manufacturing processes, and raw material compositions can pose barriers to market entry for new entrants and limit competition. Navigating patent landscapes and securing licenses for proprietary technologies can be challenging for companies seeking to commercialize lipid nanoparticle-based products. Transitioning from laboratory-scale to commercial-scale production of lipid nanoparticle-based products presents challenges in maintaining product quality, optimizing production yields, and meeting demand. Scale-up challenges include process scalability, equipment validation, and supply chain logistics.

Request a free sample copy or view report summary:
Lipid Nanoparticle Raw Materials Market Report

Lipid Nanoparticle Raw Materials Market Report Highlights

• Based on application, the therapeutic segment led the market with the largest revenue share of 62.25% in 2023, owing to the increasing collaborations between research institutions and industry players for the drug development and growing government funding
• Based on product, the kits segment held the largest market share in 2023. On the other hand, reagents are expected to grow at a significant CAGR during the forecast period
• Based on disease indication, the infectious disease segment dominated the market and is expected to grow at the fastest CAGR during the forecast period
• Based on end-use, the pharmaceutical & biotechnology companies segment led the market with the largest revenue share of 57.87% in 2023. The academic & research institute segment is expected to grow at a fastest CAGR during the forecast period
• North America dominated the market with a revenue share of 40.34% in 2023, owing to factors such as the significant burden of infectious diseases, high purchasing power parity, government support for quality healthcare, and availability of reimbursement

Lipid Nanoparticle Raw Materials Market Segmentation

Grand View Research has segmented the global lipid nanoparticle raw materials market based on application, product, diseases indication, end-user, and region:

Lipid Nanoparticle Raw Materials Application Outlook (Revenue, USD Million, 2018–2030)

• Therapeutics
• Research

Lipid Nanoparticle Raw Materials Product Outlook (Revenue, USD Million, 2018–2030)

• Kits
• Ionizable lipids
• PEGylated lipids
• Sterol lipids
• Neutral phospholipids
• Reagents
• Others

Lipid Nanoparticle Raw Materials Diseases Indication Outlook (Revenue, USD Million, 2018–2030)

• Cancer
• Infectious Diseases
• Blood Diseases
• Others

Lipid Nanoparticle Raw Materials End-use Outlook (Revenue, USD Million, 2018–2030)

• Pharmaceutical & Biotechnology Companies
• Academic & Research Institutes
• Others

Surgical Snare Market Size To Reach $2.31 Billion By 2030

 May 2024 | Report Format: Electronic (PDF)

Surgical Snare Market Growth & Trends

The global surgical snare market size is expected to reach USD 2.31 billion by 2030, registering a CAGR of 4.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth is primarily driven by factors such as an increase in endoscopic ambulatory surgery centers and polypectomy procedures and the growing preference for minimally invasive surgeries. A significant increase in gastrointestinal procedures in the U.S. and other developed economies is anticipated to support the market growth over the forecast period. Moreover, the increasing prevalence of chronic kidney diseases, the growing geriatric population suffering from chronic conditions, and increasing patient awareness are among the factors aiding the market growth. Favorable reimbursement policies in major markets promote demand for surgical snares in various medical procedures.

A constant rise in the geriatric population is leading to an increased financial burden on the healthcare system. According to the Population Reference Bureau, the number of people in the U.S. aged 65 and above is projected to almost double from 52 million in 2018 to 95 million by 2060. Such a rise in the elderly population is expected to result in greater demand for ablation devices to treat tumors, thereby boosting market growth.

Technological advancements in minimally invasive surgeries are further expected to drive the demand for endoscopy procedures, which, in turn, is anticipated to fuel the market’s growth. For instance, in May 2023, Olympus unveiled its latest EVIS X1 endoscopy system, which received FDA clearance. This innovative system is accompanied by two compatible gastrointestinal endoscopes: the GIF-1100 gastrointestinal video scope, designed for examination of the upper digestive tract, including the stomach, esophagus, and duodenum, and the CF-HQ1100DL/I colonovideoscope, specifically designed for the lower digestive tract, encompassing the sigmoid colon, rectum, colon, anus, and ileocecal valve.

Request a free sample copy or view report summary: 
Surgical Snare Market Report

Surgical Snare Market Report Highlights

• Based on usability, the single-use segment accounted for the largest revenue share of 61.4% in 2022. Improved patient safety, infection control, and cost-effectiveness in healthcare settings have led to the adoption of single-use surgical scares, thus driving market growth over the forecast period
• The reusable segment is expected to grow at the fastest CAGR of 4.2% during the forecast period. Cost-effectiveness and environmental benefits are the factors driving the market growth for reusable surgical snares
• Based on application, the GI endoscope segment dominated the market with a share of 31.3% in 2022. The increasing incidents of colorectal cancer, gastrointestinal disorders, and diseases drive the market growth for surgical snares
• The arthroscopy application segment is expected to grow at the fastest CAGR of 4.4% during the forecast period due to factors such as large procedural volume and the availability of advanced products
• Based on end-use, the hospitals segment held the largest share of 77.8% in 2022 due to the high number of patient visits and advanced infrastructure in hospitals compared to other healthcare facilities
• On the contrary, the ambulatory surgical centers end-use segment is expected to grow at a CAGR of 4.1% during the forecast period
• In 2022, North America dominated with a share of 44.6% owing to the well-established pharmaceutical industry in the region
• On the other hand, Asia Pacific is anticipated to grow at the fastest CAGR of 4.9% over the forecast period due to untapped opportunities in the emerging economies of China and India

Surgical Snare Market Segmentation

Grand View Research has segmented the global surgical snare market based on usability, application, end-use, and region:

Surgical Snare Usability Outlook (Revenue, USD Million, 2018–2030)

• Single-use
• Reusable

Surgical Snare Application Outlook (Revenue, USD Million, 2018–2030)

• GI Endoscope
• Laparoscopy
• Urology Endoscopy
• Gynecology Endoscopy
• Arthroscopy
• Bronchoscopy
• Mediastinoscopy
• Laryngoscopy
• Others

Surgical Snare End-use Outlook (Revenue, USD Million, 2018–2030)

• Hospitals
• Ambulatory Surgical Centers

List of Key Players in the Surgical Snare Market

• Medtronic
• Boston Scientific Corporation
• Medline Industries, Inc.
• Olympus Corporation
• Cook
• CONMED Corporation
• Steris (U.S.)
• Merit Medical Systems
• Avalign Technologies
• Hill-Rom Holdings, Inc.
• Sklar Surgical Instruments

Electric Power Steering: The $39.27 Billion Solution for Fuel Efficiency and Emission Reduction

 May 2024 | Report Format: Electronic (PDF)

Electric Power Steering Market Growth & Trends

The global electric power steering market size is anticipated to reach USD 39.27 billion by 2030, registering a CAGR of 6.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Evolving consumer preferences and the impact of government policies and regulations drive the market’s growth. Technological advancements play a crucial role in propelling market growth by enhancing the efficiency and performance of electric power steering systems.

Electric Power Steering Market

Original Equipment Manufacturers (OEMs) integrate advanced sensors into electric power steering systems to enhance performance and ensure vehicle safety. Using multiple steering sensors in EPS provides additional safety benefits to drivers by improving control and responsiveness. These sensors contribute to the overall safety features of vehicles with electric power steering, making them more attractive to consumers seeking enhanced safety standards.

Moreover, changing consumer preferences towards more advanced and convenient steering solutions contribute significantly to the expansion of the market. Additionally, government policies and regulations promoting electric power steering systems in vehicles further stimulate market growth by creating a favorable environment for manufacturers and consumers.

Electric Power Steering Market

Governments worldwide are implementing regulations focused on fuel-efficient technologies, pushing OEMs to adopt electric power steering systems to meet these requirements. The shift by OEMs from hydraulic to electric power steering systems fuels the EPS market growth. This transition aims to reduce complexity and enhance vehicle efficiency by utilizing an electric motor instead of a hydraulic pump, leading to weight reduction in cars.

Request a free sample copy or view report summary:
 Electric Power Steering Market Report

Electric Power Steering Market Report Highlights

• Based on mechanism, the collapsible EPS accounted for the largest market revenue share in 2023. Increasing focus on reducing vehicle weight and complexity by the OEMs is driving the demand for collapsible EPS, as it offers a lightweight and efficient solution compared to traditional steering systems.
• In terms of type, the Rack Assist Type (REPS) segment is anticipated to register the fastest CAGR over the forecast period. The growth is attributed to its unique design and superior performance, which integrates an electric motor directly onto the steering rack, eliminating the need for a separate hydraulic system.
• Based on vehicle type, the passenger car segment accounted for the largest revenue share in 2023. EPS systems offer variable steering assistance based on driving conditions and speeds, resulting in a smoother and more responsive driving experience for passengers.
• In March 2021, NSK Ltd. collaborated with Volkswagen to enhance innovation in EPS systems. The collaboration resulted in NSK being appointed as the production partner for a high-power, single-pinion electric power steering system for Volkswagen’s Modular Electric Drive (MEB) electric vehicle platform.

Electric Power Steering Market Segmentation

Grand View Research has segmented the global electric power steering market based on mechanism, type, vehicle type, and region:

Electric Power Steering Mechanism Outlook (Revenue, USD Million, 2018–2030)

• Collapsible EPS
• Rigid EPS

Electric Power Steering Type Outlook (Revenue, USD Million, 2018–2030)

• Column Assist Type (CEPS)
• Pinion Assist Type (PEPS)
• Rack Assist Type (REPS)

Electric Power Steering Vehicle Type Outlook (Revenue, USD Million, 2018–2030)

• Passenger Car
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Buses & Coaches

Electric Power Steering Regional Outlook (Revenue, USD Million, 2018–2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Central & South America
• Brazil
• Mexico
• Middle East and Africa
• South Africa
• UAE
• Saudi Arabia

List of Key Players in the Electric Power Steering Market

• JTEKT Corporation
• Denso Corporation
• GKN Automotive Limited
• Hitachi Astemo, Ltd.
• Hyundai Mobis
• Mitsubishi Electric Corporation
• Nexteer Automotive
• NSK Ltd.
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• thyssenkrupp AG

Electric Power Steering Market To Reach $39.27 Billion By 2030 | Grand View Research

May 2024 | Report Format: Electronic (PDF)

Electric Power Steering Market Growth & Trends

The global electric power steering market size is anticipated to reach USD 39.27 billion by 2030, registering a CAGR of 6.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Evolving consumer preferences and the impact of government policies and regulations drive the market’s growth. Technological advancements play a crucial role in propelling market growth by enhancing the efficiency and performance of electric power steering systems.

Original Equipment Manufacturers (OEMs) integrate advanced sensors into electric power steering systems to enhance performance and ensure vehicle safety. Using multiple steering sensors in EPS provides additional safety benefits to drivers by improving control and responsiveness. These sensors contribute to the overall safety features of vehicles with electric power steering, making them more attractive to consumers seeking enhanced safety standards.

Moreover, changing consumer preferences towards more advanced and convenient steering solutions contribute significantly to the expansion of the market. Additionally, government policies and regulations promoting electric power steering systems in vehicles further stimulate market growth by creating a favorable environment for manufacturers and consumers.

Governments worldwide are implementing regulations focused on fuel-efficient technologies, pushing OEMs to adopt electric power steering systems to meet these requirements. The shift by OEMs from hydraulic to electric power steering systems fuels the EPS market growth. This transition aims to reduce complexity and enhance vehicle efficiency by utilizing an electric motor instead of a hydraulic pump, leading to weight reduction in cars.

Request a free sample copy or view report summary: 
Electric Power Steering Market Report

Electric Power Steering Market Report Highlights

• Based on mechanism, the collapsible EPS accounted for the largest market revenue share in 2023. Increasing focus on reducing vehicle weight and complexity by the OEMs is driving the demand for collapsible EPS, as it offers a lightweight and efficient solution compared to traditional steering systems.
• In terms of type, the Rack Assist Type (REPS) segment is anticipated to register the fastest CAGR over the forecast period. The growth is attributed to its unique design and superior performance, which integrates an electric motor directly onto the steering rack, eliminating the need for a separate hydraulic system.
• Based on vehicle type, the passenger car segment accounted for the largest revenue share in 2023. EPS systems offer variable steering assistance based on driving conditions and speeds, resulting in a smoother and more responsive driving experience for passengers.
• In March 2021, NSK Ltd. collaborated with Volkswagen to enhance innovation in EPS systems. The collaboration resulted in NSK being appointed as the production partner for a high-power, single-pinion electric power steering system for Volkswagen’s Modular Electric Drive (MEB) electric vehicle platform.

Electric Power Steering Market Segmentation

Grand View Research has segmented the global electric power steering market based on mechanism, type, vehicle type, and region:

Electric Power Steering Mechanism Outlook (Revenue, USD Million, 2018–2030)

• Collapsible EPS
• Rigid EPS

Electric Power Steering Type Outlook (Revenue, USD Million, 2018–2030)

• Column Assist Type (CEPS)
• Pinion Assist Type (PEPS)
• Rack Assist Type (REPS)

Electric Power Steering Vehicle Type Outlook (Revenue, USD Million, 2018–2030)

• Passenger Car
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Buses & Coaches

List of Key Players in the Electric Power Steering Market

• JTEKT Corporation
• Denso Corporation
• GKN Automotive Limited
• Hitachi Astemo, Ltd.
• Hyundai Mobis
• Mitsubishi Electric Corporation
• Nexteer Automotive
• NSK Ltd.
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• thyssenkrupp AG

Proteinase K Market To Reach $7.8 Billion By 2030 | CAGR 8.7%

 May 2024 | Report Format: Electronic (PDF)

Proteinase K Market Growth & Trends

The global proteinase K market size is expected to reach USD 7.8 billion by 2030, registering a CAGR of 8.7% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is fueled by a broad range of applications in molecular diagnostic techniques and their associated enzymes for IVD. Proteinase K can be utilized as a supplement in PCR and NGS. Increasing applications of NGS in personalized medicine along with various clinically developed therapies are likely to favor the market for proteinase K. Gene expression profiling and targeted panels via qPCR remain the two most frequent uses for NGS sequences in a pathology lab. In addition, a decline in the price of NGS sequencing has expanded the use of NSC technologies. Therefore, the growing demand for NGS diagnostic techniques is expected to boost the market growth.

In addition, the rising adoption of cell separation procedures is one of the major factors contributing to the market growth. Companies have initiated building sustainable technologies to gain a competitive edge in the market. For instance, in April 2022, Levitas Bio introduced the next generation of its existing platform for cell separation. The new version is expected to assist researchers in scaling their experiments up to 16X and process around 40 million cells per run.

Moreover, the usage of POC-based diagnostics is increasing significantly globally. Public awareness campaigns aimed at identifying the symptoms of infectious diseases and ways to prevent them play an important role in controlling disease transmission. Thus, increased patient attention has led to a rise in demand for POC. For instance, in May 2020, a study on POC testing for COVID-19 through Specific High Sensitivity Enzymatic Reporter UnLOCKing (SHERLOCK) diagnostics was published. The researchers used QuickExtract by Lucigen, which contains Proteinase K. Thus, the growing demand for POC diagnostics and the utility of proteinase K in POC diagnostic tests are expected to fuel market growth.

Furthermore, growing applications of proteinase K in molecular biology and other fields are expected to create lucrative opportunities in the near future. Proteinase K is used in the food and beverage industry to maintain quality standards. Food manufacturers work to maintain the quality of raw materials used for manufacturing. In addition, proteinase K is used for cell lysis during DNA extraction from processed foods. The enzyme also finds application in a wide range of molecular biology assays. Hence, such applications of proteinase K are anticipated to drive the market during the forecast period.

Request a free sample copy or view report summary: 
Proteinase K Market Report

Proteinase K Market Report Highlights

• By form, the powder segment accounted for a dominant share in 2022. Advantages of powder form include long shelf-life, inexpensive shipment, and high stability. Thus, such advantages are expected to increase the adoption of powder
• By therapeutic area, the infectious diseases segment captured the largest share in 2022. Presence of proteinase K in the rapid molecule testing along with increasing incidence of infectious diseases in low- to mid-income countries is anticipated to encourage players to develop products that are easy to operate in a low-resource setting. This is, in turn, accelerating the market growth
• By application, the isolation and purification of genomic DNA and RNA segment held the largest share in 2022. With the emerging need for personalized treatment in cancer and rare diseases, the demand for DNA or RNA isolation is anticipated to witness upward trends and similar trends will be reflected in the market
• By end-use, biotechnology companies held a leading revenue share in 2022. This is due to an increase in the application of In Situ Hybridization (ISH) techniques to support clinical and preclinical studies for biotechnology companies
• North America occupied the largest market share in 2022 and is expected to maintain its lead over the forecast period owing to the high demand for proteinase K and the increasing prevalence of infectious diseases in the region
• Asia Pacific is projected to grow considerably in the future owing to increasing applications of sequencing technology, coupled with various government initiatives to promote genomics research.

Proteinase K Market Segmentation

Grand View Research has segmented the global proteinase K market based on form, therapeutic area, application, end-use, and region:

Proteinase K Form Outlook (Revenue, USD Million, 2018–2030)

• Powder
• Liquid

Proteinase K Therapeutic Area Outlook (Revenue, USD Million, 2018–2030)

• Infectious Diseases
• Diabetes
• Oncology
• Cardiology
• Nephrology
• Autoimmune Diseases
• Neurology
• Others

Proteinase K End-use Outlook (Revenue in USD Million, 2018–2030)

• Isolation and Purification of Genomic DNA & RNA
• In Situ Hybridization
• Mitochondria Isolation

Proteinase K Application Outlook (Revenue, USD Million, 2018–2030)

• Contract Research Organization
• Academic Institutes
• Biotechnology Companies
• Diagnostic Laboratories

List of Key Players of Proteinase K Market

• Merck KGaA
• QIAGEN
• Thermo Fisher Scientific, Inc.
• F. Hoffmann-La Roche Ltd
• Abcam plc.
• Agilent Technologies, Inc.
• Biocatalysts
• Minerva Biolabs GmbH
• Promega Corporation
• Takara Bio Inc.
• New England Biolabs
• MP BIOMEDICALS.

Manufacturing Execution System in Life Sciences Market Size To Reach $6.0 Billion By 2030

 May 2024 | Report Format: Electronic (PDF)

Manufacturing Execution System in Life Sciences Market Growth & Trends

The global manufacturing execution system in life sciences market size is anticipated to reach USD 6.0 billion by 2030, registering a CAGR of 12.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The adoption of manufacturing execution system (MES) is emerging as a key factor in the life science industry, helping to improve efficiency, compliance, and innovation across production processes. In North America, MES implementation is experiencing a significant surge in the life science sector, highlighting its transformative impact on manufacturing workflows. Life science industries, including pharmaceuticals and biotechnology, require a sophisticated approach to manufacturing management. MES provides integrated and data-driven solutions that are instrumental in meeting and exceeding regulatory requirements, reducing risks, and ensuring product quality.

The growing demand for precision and quality in life science manufacturing is a key driver of market growth. MES enables companies to optimize production workflows, minimize errors, and maintain consistency in product development. Its flexibility and agility are especially valuable as the industry shifts toward personalized medicine and innovative therapies. Moreover, the prominence of Industry 4.0 technologies has bolstered the adoption of MES. Integration with the Internet of Things (IoT) and analytics creates an intelligent manufacturing ecosystem for life science manufacturers. This connectivity enables real-time monitoring, control, and data-driven decision-making, enhancing operational efficiency. Increasing demand for productivity, faster time-to-market, and superior product quality boost the adoption of MES in the life science industry. MES is becoming a central hub in the pursuit of a seamless, interconnected, and technologically advanced future in modern manufacturing.

Request a free sample copy or view report summary: 
Manufacturing Execution System in Life Sciences Market Report

Manufacturing Execution System in Life Sciences Market Report Highlights

• The software solution type segment held the largest share in 2023 due to the high demand for paperless manufacturing, shift towards digitalization, and automation in manufacturing processes
• The on-premise deployment segment held the largest share in 2023 and is expected to grow at a CAGR of 11.7% from 2024 to 2030. The on-premise MES system offers ease of storing data on premises and does not rely on heavy internet, which will not hamper communication
• Such factors drive its adoption in the market. On the other hand, the cloud/web-based deployment segment is expected to grow at the fastest CAGR of 13.0% from 2024 to 2030
• The pharmaceutical & biotechnology companies end-use segment held the largest share of 48.4% in 2023. This can be attributed to the high adoption of MES in this segment owing to the shifting trend towards automation and digitalization
• North America dominated the global market with a share of 31.0% in 2023 owing to the presence of key players including Emerson Electric Co., Rockwell Automation, and Siemens AG. Asia Pacific is expected to grow at the fastest CAGR from 2024 to 2030
• Various strategies, such as product development, partnerships, and mergers & acquisitions, are adopted by key players, which is driving the market competition
• For instance, in September 2023, Körber and Endeavor partnered to facilitate the integration of Werum PAS-X MES with SAP’s ERP platform. This partnership aims to provide a seamless solution for businesses that use these two software solutions for their operations

Manufacturing Execution System in Life Sciences Market Segmentation

Grand View Research has segmented the global manufacturing execution system in life sciences market based on solution type, deployment, end-user, and region:

MES in Life Sciences Market Solution Type Outlook (Revenue, Million, 2018–2030)

• Software
• Services

MES in Life Sciences Market Deployment Outlook (Revenue, Million, 2018–2030)

• On-premise
• Cloud/Web-based
• Hybrid

MES in Life Sciences Market End-user Outlook (Revenue, Million, 2018–2030)

• Pharmaceutical & Biotechnology Companies
• Medical Device Companies
• Others (CDMOs, CROs, etc.)

List of Key Players in MES in Life Sciences Market

• ABB
• Körber AG
• MasterControl Solutions, Inc.
• AVEVA?Group Limited
• Cognizant
• Rockwell Automation
• nagarro
• Siemens AG
• Emerson Electric Co.
• iBase-t

Fall Protection Market Size To Reach $4,534.9 Million By 2030

 May 2024 | Report Format: Electronic (PDF)

Fall Protection Market Growth & Trends

The global fall protection market size is expected to reach USD 4,534.9 million by 2030, registering a CAGR of 7.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing fatalities along with the growing relevance of workplace safety and security, are expected to fuel industry expansion during the forecast period. As per the 2022 World Health Organization Report, falls constitute a significant public health issue, with 684,000 fatal incidents occurring annually. This makes falls the second-leading cause of unintentional injury-related deaths after road traffic injuries. As per the National Institute for Occupational Safety and Health (NIOSH) Construction Statistics, falls continue to be the primary cause of fatalities in the construction industry, which is one of the most hazardous industries in the U.S. In 2023, falls in the construction industry accounted for over one-third of all industry-related fatalities.

Each year, over 300 workers experience fatal falls while doing their routine job tasks, and this statistic has shown relative stability in the past decade. Fatalities due to falls from heights constitute the primary cause of death in the construction industry. Regardless of the distance involved, any work conducted at elevated levels poses the risk of severe or fatal injuries in the event of a fall. For instance, 3M Fall Protection is dedicated to providing construction workers with the necessary equipment, training, knowledge, and expertise, thus instilling confidence in them to execute their tasks safely and effectively. These aforementioned factors are expected to augment the market growth over the forecast period. Moreover, governments across the globe are implementing and enforcing stringent safety regulations to ensure a secure working environment.

A pivotal initiative to raise fall prevention awareness is the National Safety Stand-Down, an annual voluntary event coordinated by the Occupational Safety and Health Administration (OSHA) and other safety organizations. Typically occurring in May, this event brings together supervisors, employers, and workers to increase their awareness about possible fall hazards in the construction industry. During the Stand-Down, work is temporarily halted, and participants engage in training sessions, discussions, and equipment inspections focused on fall prevention. These activities are designed to educate workers to recognize fall hazards and use appropriate safety equipment. OSHA has further mandated that fall prevention measures are imperative for falls of six feet or more to the ground or lower surfaces.

Examples of such systems include guardrails and mid rails that are installed on scaffolds, along the open edges of floors, around skylights, on scissor lifts, as covers over floor openings, and in designated restricted zones during roofing operations. These protective systems adhere to specific design requirements outlined in OSHA standards for construction. For instance, guardrails must be positioned between 39 and 45 inches above the walking and working surface and must possess the capacity to withstand a force exceeding 200 pounds. Fall protection equipment manufacturers are seeking collaborations, mergers & acquisitions to develop advanced and innovative solutions.

Manufacturers are also adopting several strategies, like product development and geographical expansion, to enhance their market penetration and cater to end-use industries. For instance, in January 2024, WenerCo introduced a groundbreaking fall protection utility lifeline tailored for utility workers and linemen that provides them with an elevated level of climbing security. This innovative offering includes an anchor strap fall arrest system, which is specifically designed to meet the unique safety requirements of professionals working on utility poles or similar structures. With this product launch, WenerCo demonstrates its commitment to advancing safety solutions for workers in specialized industries, thereby offering a comprehensive and effective tool to enhance fall protection in utility-related environments.

Request a free sample copy or view report summary: 
Fall Protection Market Report

Fall Protection Market Report Highlights

• In 2023, the individual protection segment dominated the market with a share of over 58.5%. Individual protection is the prevention of adverse outcomes from hazardous events that may take place during construction work. Lifelines, anchorage points, personal protective equipment, harnesses, lanyards, self-retracting lifelines, personal fall limiters, fall arresters, lanyard positioning devices, and body belts are all considered under the individual protection category
• Access fall protection equipment is a comprehensive safety measure designed to prevent falls from elevated surfaces in various work environments. These equipment are crucial for protecting workers who operate at heights, such as rooftops, facades, ladders, or elevated platforms
• The manufacturing end-use segment is expected to register the highest CAGR from 2024 to 2030. There is a growing awareness within the manufacturing sector about the importance of adhering to safety standards. Manufacturers are recognizing the need for robust fall protection solutions to mitigate the risks associated with working at heights, leading to a higher product adoption
• The construction industry is experiencing substantial growth globally, driven by urbanization, infrastructure development, and population expansion. Moreover, there is a growing awareness in the construction industry about the occupational hazards associated with working at heights. Employers and workers are recognizing the need for comprehensive fall protection measures to mitigate the risks posed by elevated work environments. This is expected to propel the demand for advanced & effective fall protection solutions
• In March 2023, Petzl unveiled the ASAP & ASAP LOCK kits, which act as convenient solutions that are pre-equipped with connectors, mobile fall arresters, and energy absorbers. These kits are hassle-free, ready-to-use personal fall arrest systems that comply with OSHA fall protection regulations and adhere to the ANSI Z359.15 standard. When paired with RAY 11 lifelines, available with or without a sewn termination (sold separately), these kits act as comprehensive and reliable fall protection solutions

Fall Protection Market Segmentation

Grand View Research has segmented the global fall protection market on the basis of type, end-use, and region:

Fall Protection Type Outlook (Revenue, USD Million, 2018–2030)

• Individual Protection
• Collective Protection
• Access Equipment

Fall Protection End-use Outlook (Revenue, USD Million, 2018–2030)

• Construction
• Manufacturing
• Oil & Gas
• Chemicals
• Food
• Pharmaceuticals
• Healthcare
• Transportation
• Mining
• Others

List of Key Players in Fall Protection Market

• FallTech
• Petzl
• SKYLOTEC
• WernerCo
• Guardian Fall
• MSA
• Honeywell International Inc.
• 3M
• Gravitec Systems, Inc.
• Kee Safety Inc
• French Creek Production
• Safewaze
• Tritech Fall Protection
• GISS
• Webb-Rite Safety

Glycerol Monostearate Emulsifiers Market To Reach $1,081.8 Million By 2030

 May 2024 | Report Format: Electronic (PDF)

Glycerol Monostearate Emulsifiers Market Growth & Trends

The global glycerol monostearate emulsifiers market size is anticipated to reach USD 1,081.8 million by 2030 and it is projected to grow at a CAGR of 6.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. One of the key drivers of the glycerol monostearate emulsifiers (GMS) is the rapid increase in demand from end-user industries such as personal care & cosmetics, food & beverages, pharmaceuticals and others. The growth of these industries around the world aids in the increase in consumption of GMS emulsifiers in the world.

GMS is widely utilized as an emulsifier in food products. It is commonly used as a nonionic emulsifier in various food items, with the European food additive number E471. GMS is a mixture of glycerol monostearate, glycerol distearate, and glycerol tristearate, and it finds applications in baked goods, contributing to its significant demand in the food industry. GMS is also utilized as an emulsifier in exercise formulas. It is commonly used as a hydration powder in exercise formulas, indicating its role in the sports and fitness industry. The increased demand for processed food along with a growing focus on health and wellness has increased demand for exercise formulas.

GMS emulsifiers find extensive applications in the personal care & cosmetics sector. Products such as shampoo, cream, lotions, makeup components and other cosmetics products. The growth of middle class in developing economies along with increasing disposable incomes have led to a shift towards cosmetics related products and accessories. This is coupled with the rise of social media, further fueling the urge of youthful population towards maintaining and emulating popular beauty standards.

Central & South America is an important region for the GMS emulsifiers market. Food & beverage sector in Central & South America is a major consumer of GMS as emulsifiers in various capacities. The region has seen major trends emerging in food & beverage sector including the increase in the consumption of fruit juices such as coconut water or other directly pressed juices and a growing demand for clean-label products. The demand for clean-label products has had a significant positive impact on the regional GMS market as the product is being used as a natural ingredient or additive in the manufacturing of processed foods and beverages.

Request a free sample copy or view report summary: 
Glycerol Monostearate Emulsifiers Market Report

Glycerol Monostearate Emulsifiers Market Report Highlights

• Based on end-use, the food & beverages led the market with the largest revenue share of 38.9% in 2023, and also emerged as the fastest-growing segment with a CAGR of 6.9% from 2024 to 2030, due to the increasing consumption of processed foods which fuel the rise of food processing companies around the globe, using GMS emulsifiers in the production process
• North America emerged as the fastest growing region for the glycerol monostearate emulsifiers with a CAGR of 6.8% from 2024 to 2030 due to the presence of large number of personal care & cosmetics as well as food processing companies in the region, which act as major consumers of GMS emulsifiers
• Rising awareness towards exercise and wellness leading to more consumption of reduced calorie food option drives the GMS emulsifiers market, which act as a replacement for higher fat ingredients
• GMS emulsifiers derived from plant extracts align with the growing demand for eco-friendly and sustainable additives. Manufacturers have shifted towards extraction of waste glycerol obtained during biodiesel production, thereby reducing its environmental impact
• The increasing demand for GMS emulsifiers has led to major companies increasing their production capacity in order to meet the rising demand. For instance, In December 2023, Croda International Plc inaugurated a new production facility, Pastillator 4 (PSO4) located in Jurong Island, Singapore. The facility is expected to help the company meet growing demand for esters and pastille format alkoxylates. It is investing a total sum of USD 16.4 million to increase the site’s total capacity to 15,000 metric tons

Glycerol Monostearate Emulsifiers Market Segmentation

Grand View Research has segmented the global glycerol monostearate emulsifiers market based on end-use, and region.

Glycerol Monostearate Emulsifiers End-Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018–2030)

• Food & Beverages
• Personal care & Cosmetics
• Other End-Uses

List of Key Players of Glycerol Monostearate Emulsifiers Market

• Croda International Plc
• Oleon NV
• Alpha Chemicals Private Limited
• Kao Corporation
• Evonik Industries AG
• Estelle Chemicals Pvt. Ltd.
• acm chemicals
• BASF SE
• Alfa Chemistry
• LobaChemie Pvt. Ltd.
• Spectrum Chemical
• Wilmar International Ltd