Key Factors that Drive and Impede the Growth of System Integration Market

The Global System Integration Market is expected to reach USD 393.10 billion by 2020, according to a new study by Grand View Research, Inc. Surge in system integration solutions’ spending by companies has enhanced the management of Information Technology (IT) infrastructure, data integrity, and has substantially eradicated redundancies. Need for eliminating multiplicity, heterogeneity, and varying distinctiveness of key applications and infrastructures is expected to drive the system integration market over the forecast period.

The advent of cloud computing coupled with advancements in virtual technologies is expected to encourage system integration solution adoption. Developments in technologies such as Building Energy Management Systems (BEMS), clinical integration, Cloud Service Brokerage (CSB), and Cyber Physical System (CPS) integration are expected to provide new avenues for market growth. The system integration market has high growth potential over the next six years owing to the perennial need for open and distributed architectures. High implementation cost may deter SMEs and start-ups from implementing system management solutions.

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Further key findings from the study suggest:

• Infrastructure integration accounted for over 35% of the overall market share in 2013, closely followed by consulting. Cloud system integration service is expected to gain prominence owing to several inherent characteristics such as variable cost, dynamic scaling, and utility price. In addition, it is a viable option for organizations to address the issues of volatile demand and low available capital, as several users can access a single hardware, thereby saving the cost incurred for deploying additional hardware. Business process integration is expected to be a key market in the consulting application sector due to its efficiency and automated governance.
• Banking & finance contributed over 15% to the global market revenue in 2013. System integration enables smooth, quick and safe banking operations by building a responsive IT infrastructure that addresses critical requirements of the banking domain. Healthcare accounted for considerable market share in 2013.
• North America emerged as a key regional market in 2013 as a result of significant investments made by governments in implementing system integration solutions across several departments. Asia Pacific has significant growth potential over the forecast period owing to growing market participants’ presence in Japan, China, and India.
• Key players in the system integration market players have focused on lucrative sectors such as banking and hospitality in order to penetrate the market. For instance, Starwood Hotels & Resorts Worldwide, Inc. catered to the service of Oracle’s data integration solutions in order to improve their efficiency. Infosys offers integration solutions to the banking sector for enabling business transformation and implementation & training support.

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Cardiac Prosthetic Device: Global Market to Grow at High CAGR in Upcoming Years – 2025

The global cardiac prosthetic device market is expected to be over USD 8.7 billion by 2025, based on a new study by Grand View Research, Inc. Rising demand for minimally invasive devices has provided greater growth prospects for the market. New product development through technological advancements is anticipated to foster market growth. The major companies are focusing on expanding their product life and safety benefits of the cardiac prosthetic devices. Such initiatives undertaken by the key players have resulted in increasing survival rates and low stroke rates for transcatheter aortic valves.

Transcatheter Aortic Valve Replacement (TAVR) is covered by Evidence Development (CED) Coverage provided by the Centers for Medicare & Medicaid Services (CMS). Cardiac pacemakers are also covered under Medicare program. Initiatives for reimbursement from the government for such devices are anticipated to boost the demand for cardiac prosthetic devices.

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Further Key Findings From the Study Suggest:

• Heart valve segment was one of the largest segments in 2015 owing to rising prevalence of valvular disease and heart valve failure.
• Pacemakers segment is expected to grow significantly, owing to rising reimbursement policies for pacemaker-related surgeries.
• Mechanical heart valve segment contributed toward the one of the largest market share in 2015 owing to its increasing product longevity. Moreover, they provide better hemodynamic efficiency. Since mechanical valves are made up of strong durable materials, such as titanium and carbon, they are preferred over other cardiac prosthetic devices.
• Transcatheter valve is expected to exhibit lucrative CAGR over the forecast period. TAVR has shown improved patient survival rate as compared to medical therapy. In the past years, it has evolved as a minimally invasive alternative treatment for surgical valve replacement.
• Implantable pacemakers are one of the highest revenue generating segments owing to their greater applicability pertaining to heart failure (HF) and other cardiovascular diseases like stroke.
• North America contributed toward the largest market share of around 40.0% in 2015. This is primarily due to the fact that the number of pacemaker implantations has increased amongst the Americans over the past two decades. Moreover, companies are focusing on commercial availability of technologically advanced devices in the U.S.

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Thermal Interface Materials Market is Expected to Reach USD 3.59 Billion by 2025

The global thermal interface materials market is expected to reach USD 3.59 billion by 2025, according to a new report by Grand View Research, Inc. Thermal interface materials are expected to witness substantial gains over the forecast period on account of their increasing usage in automotive, medical and consumer goods applications.

Growing demand for electric vehicles in China and India owing to increasing awareness regarding harmful emissions including CO2, government initiatives and lower operating & maintenance costs will propel market size. Electrification of the automotive along with the introduction of nanodiamonds in the thermal interface materials as they increase the conductivity of the product will create new growth opportunities over the forecast period.

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Further key findings from the report suggest:

• Medical devices accounted for 10.9% of the overall industry share in 2015. The segment is expected to witness the fastest growth over the next nine years on account of rising demand for nuclear medicine imaging (NMI), MRI, CT scan, X-ray, and ultrasounds as they offer high accuracy for diagnosing a patient’s medical condition. Moreover, growing consumer awareness for early disease diagnosis will propel growth.
• Elastomeric pads are expected to witness significant rise at a CAGR of 11.6% from 2016 to 2025 on account of its advantages including high thermal conductivity, dielectric strength, and volume resistivity. Increasing consumption in disk drives, chipsets, communication equipment, and general PCB board protection will augment market size over the upcoming years.
• Increasing demand for consumer durables including washer tops & lids, refrigerators, dryer drums, water heaters, microwave oven cavities, range housings, air conditioner cabinets, vacuum cleaners, dishwashers, and freezer cabinets will stimulate industry development.
• Europe accounted for 23.8% of the global share in 2015 and is projected to witness gains in light of growing demand for e-bikes in UK, Germany, and the Netherlands. In addition, introduction of hybrid vehicles, presence of a well-established healthcare infrastructure and high adoption of advanced diagnostic technology will fuel market development over the next nine years.
• Thermal interface materials industry is dominated by major participants including Dow Corning, Henkel AG & Co. KGaA, The 3M Company, Parker Chomerics, Laird Technologies, Indium Corporation, and Momentive. Ongoing product innovation to produce efficient and cost-effective products is expected to lead to industry expansion over the forecast period. In May 2016, Henkel launched low pressure thermal conductive materials “Technomelt TC 50” having excellent heat dissipation functionality

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Market Outlook of Global Wind Energy Foundation Market Analysis and Foresight Report to 2024

The global wind energy foundation market is expected to reach USD 241.14 billion by 2024, according to a new report by Grand View Research, Inc. Increasing concerns over depleting petroleum resources has resulted in influencing growing demand for renewable energy. Increasing global population and industrialization have become major factors for moving towards non-conventional resources.

Wind energy is gaining momentum over the past few years on account of major capacity additions owing to the declining prices. Recently there have been dramatic reductions in costs on account of increasing research and development. Growing demand for expansion of electricity generation and access is expected to be a major driver for the industry over the forecast period.

Climate change and global warming are major factors responsible for the increasing focus on wind power and harnessing this power for the future generations. The demand for wind energy foundation was USD 73.46 billion in 2015.Approximately 100 countries have managed to build several commercial wind farms.

Strong government initiatives and subsidies for the development of renewable energy is expected to be crucial factor for growth of the industry over the forecast period. The Paris agreement of 2015 was a major step in moving towards harnessing sustainable and clean energy.

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Further key findings from the report suggest:

• Offshore wind energy foundation segment is expected to witness revenue growth at a CAGR of 14.9% from 2016 to 2024. Offshore wind turbines have large power capacities and are now being installed even in deep water.
• In the offshore category, mono-pile foundation accounted for 35.6% of the global market share in 2015 and it was the largest in offshore category. Increasing need to secure energy security and growing concerns about onshore wind farms is a major factor propelling expansion.
• Onshore wind energy foundation market was valued at USD 52.01 billion. The onshore category has dominated the foundation market over the past several decades owing to reasonable cost for installation.
• Asia Pacific market was valued at USD 27.45 billion in 2015 and will witness significant gains over the forecast period on account of continuous increase in installation capacity in countries such as China, India and Japan.
• North America is a major market for foundations owing to the availability of best wind resources coupled with low prices as compared to other countries. Countries such as Brazil will open present new opportunities for propelling growth over the forecast period.

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Key Factors that Drive and Impede the Growth of World Beta-Carotene Market

The global beta-carotene market is expected to reach USD 621.0 million by 2024, according to a new report by Grand View Research, Inc. Rise in demand for the naturally-sourced products in food & beverages and dietary supplements industry is expected to remain a key driving factor for the global market. 

The growing health concern across all age groups and the adverse effect of the use of synthetic products in end-use industries such as food & beverages and dietary supplements is driving the market for beta-carotene products. 

Various companies have been shifting from synthetic to natural based beta-carotene products. Companies have been investing in new product innovation and are trying to develop beta carotene from genetically modified micro-organisms.

Beta-carotene is widely used as colorants, nutrition supplements and antioxidants in various industries. Food & beverages, dietary supplements, cosmetics and animal feed, are the major end-user industry for beta-carotene. Food & beverages was the leading application segment and contributed over 30% of total revenue in 2015.

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Further key findings from the report suggest:

• Beta-carotene can be derived from natural as well as synthetic sources. Natural sources include algae fruits & vegetable, fungus, palm oil, & more and synthetic source include petrochemical products.
• Algae was the leading source for beta-carotene and accounted for 37.9% of total market revenue in 2015
• Various benefits of natural sources over synthetic source is anticipated to drive the market for natural based beta-carotene
• North America and Europe together accounted for approximately 70% of the global consumption in 2015. North America and Europe are mature markets with a presence of largely experienced companies operating within them.
• Asia Pacific is expected to mark the highest growth of 4.6% over the forecast period. The region has been a remarkable growth in the food & beverages and cosmetics industries particularly in China and India. The growth of industries in Asia Pacific is believed to be the major factor for the rise in demand for beta-carotene in the region
• Key companies operating in the global market include DSM N.V. & BASF SE., Chr. Hansen Holding A/S, Foodchem International Corporation, Flavorchem Corporation, Lycored, D.D. Williamson & Co., Inc., BioExtract, Nutralliance, Zhejiang Medicine Co., Ltd, Sensient Cosmetic Technologies, and Parry Nutraceuticals. 

Voice Recognition Market Outlook - Next Generation Technology And Demand Estimates Report

The global voice recognition market is expected to reach USD 127.58 billion by 2024, according to a new study conducted by Grand View Research, Inc. The increasing number of benefits offered by the voice recognition technology, including the easy accessibility, better productivity, and flexibility are anticipated to drive the demand for speech recognition solutions over the next eight years. The increased demand for high comfort and convenience is also expected to propel the demand. The voice recognition technology exhibits vast potential in various application areas, especially in the home automation system, due to advantages such as convenience and lower energy consumption.

Voice recognition is also a core technology leveraged in the semi-autonomous and autonomous vehicles. The autonomous car industry is expected to witness an explosive growth, which is anticipated to subsequently drive the market growth over the forecast period. However, the high price of AI-based voice control system is anticipated to pose a challenge to market expansion. Additionally, the inability to accurately recognize speech in the regional accent is a key challenge to the market.

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Further key findings from the study suggest:

• Enhanced device dominated the market in 2015 with over 50% of the total market share. This is attributed to the increasing usage of voice recognition solutions in home automation and consumer electronics application areas. The software segment is anticipated to grow significantly over the forecast period as several prominent players have open sourced their software development kit code.
• The growing trend toward the development of the artificial intelligence-based system is expected to be the key factor driving industry growth over the foreseeable future. Leveraging deep learning algorithm in voice and speech solutions for better search results is expected to be the key factor for the growth of AI-based application segment.
• The deployment of speech recognition solutions in consumer and home security & automation verticals is anticipated to take the industry ahead at a substantial pace. This can be attributed to the changing lifestyle in several countries including the U.S., Germany, and the UK. The growing adoption of smart electronics in India, China, Japan, and Brazil may also catalyze industry growth in the consumer vertical.
• North America dominated the market (in terms of revenue) representing more than 30% of the total share in 2014. Additionally, North America and Asia Pacific are anticipated to witness a considerable growth due to the presence of several U.S. and China-based players, including Apple, Inc., Facebook, Inc., Baidu, Inc., Amazon.com, Inc., and Alphabet, Inc., working toward the development of this technology. Furthermore, the presence of several notable consumer electronics manufacturers, such as Samsung Electronics, Co., Ltd., with a strong distribution channel in the North American and Asia Pacific regions are expected to be the key factors for industry growth in this region over the forecast period.
• The prominent industry participants include Nuance Communications, Apple, Inc., Baidu, Inc., Alphabet, Inc., and Amazon.com, Inc. These players are focusing on integrating the artificial intelligence technology in order to build superior products to increase their customer base.

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Waterborne Coatings Market is growing at a CAGR of 6.0% from 2015 to 2022.

The Global Waterborne Coatings Market is expected to reach USD 146.11 billion by 2022, according to a new study by Grand View Research, Inc. Increasing construction and remodeling activities in emerging economies of Asia Pacific and Middle East is expected to drive waterborne coatings market growth over the next seven years. Waterborne coatings are widely used in interior & exterior paints, doors, trims and facades in architectural industry. Stringent government regulations in order to reduce volatile organic compounds (VOC) emissions associated with solvent based coatings are projected to propel market growth. Increasing automobile production in countries such as India, China, Thailand, Indonesia and Mexico has also prompted the demand for waterborne coatings.

Acrylic resins were the most dominant resin in waterborne coatings and accounted for over 80% of total market volume in 2014. They find wide application scope in end-use industries such as infrastructure and automotive refinishes owing to exterior durability coupled with low production cost. Polyurethane (PU) is expected to emerge as fastest growing resin at an estimated CAGR of 7.5% from 2015 to 2022. Superior PU properties over other resins are expected to drive its demand over the forecast period.

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Further key findings from the study suggest:

• Global waterborne coatings market demand was 20.54 million tons in 2014 and is expected to reach 32.71 million tons by 2022, growing at a CAGR of 6.0% from 2015 to 2022.
• Architectural was the largest application segment and accounted for 86.5% of the total market volume in 2014. Automotive OEM is anticipated to be the fastest growing application segment at a CAGR of 8.1% from 2015 to 2022.
• Europe emerged as the largest regional market and accounted for 38.6% of global consumption in 2014. Stringent environmental regulations to minimize the use of solvent borne coatings are expected to drive the regional market over the forecast period.
• Asia Pacific is expected to witness the highest growth of 7.9% from 2015 to 2022. Increasing infrastructure activities in India, China and Indonesia is expected to drive the regional market. Asia Pacific is expected to surpass Europe to become the leading consumer by 2022.
• Global waterborne coatings market is moderately consolidated with presence of large multinational corporations. Some of the major companies operating in the global market include BASF, Berger Paints India Ltd., Kansai Paint Company Ltd., Axalta Coatings Systems LLC, and Nippon Paint Holdings Company LLC. Other prominent industry participants in global market comprise of  RPM International, PPG Industries Inc., Akzo Nobel NV, The Valspar Corporation, The Sherwin-Williams Company and Tikkurila Oyj.

Rapid Increase in Hydrophobic Coatings Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2025

The Hydrophobic Coatings Market is projected to reach USD 2.33 billion by 2025, according to a new report by Grand View Research, Inc. The demand for hydrophobic coatings is expected to grow on account of the increasing utilization in various application industries including automotive and construction. The growing emphasis on infrastructure development coupled rising standard of living in developing economies is expected to have a positive impact on the automotive and construction industry growth. As a result, the demand for the compounds is expected to witness significant growth over the next nine years.

The increasing investment in research & development by key players in the market to enhance the product characteristics is expected to be a key strategy in increasing their market share. However, high cost of the technology attributed to the product is expected to restrain growth over the forecast period.

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Further key findings from the report suggest:

• Anti-corrosion hydrophobic coatings accounted for over 24% of the revenue share in 2015. The increasing utilization in automotive, construction, medical and aerospace industry is expected to drive the market over the forecast period. Growing use of the product in automotive industry in coating the exterior metal and the glass components is expected to have a positive impact on growth.
• Antifouling coatings demand in the market was valued at USD 146 million in 2015. These coatings are expected to gain share on account of the extensive utilization in the marine industry. These compounds are used on the exterior hull of the ship to reduce the impact of aquatic vegetation which affects the longevity of the ship.
• Hydrophobic coatings are replacing hydrophilic compounds in automotive industry. Rising penetration of the product in the industry on account of superior properties is likely to drive demand over the forecast period. Furthermore, growing automotive industry in developing economies is expected to aid the hydrophobic market growth particularly in Asia Pacific and Middle East & Africa.
• Hydrophobic coatings demand in Asia Pacific is expected to grow at a CAGR of over 7% from 2016 to 2024. Growing application industries in the region is expected to drive demand over the forecast period. High production volume in China and India is expected to be the vital aspect for the growth in the two countries.
• Key players include BASF SE, Aculon Inc., 3M, AkzoNobel N.V., and Accucoat Inc. BASF SE has recently started manufacturing hydrophobic coatings for construction industry under the brand name MasterProtect. Leading manufacturers are involved in collaboration in order to increase their industry presence.

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Titanium Dioxide (TiO2) Market – Global Analysis and Forecast 2014-2025

The global Titanium Dioxide (TiO2) Market is expected to reach USD 66.9 billion by 2025, according to a new report by Grand View Research, Inc. The titanium dioxide market is anticipated to witness growth owing to increasing use as specialty coating material in automobiles and PV systems. Growing consumption of whitening pigments in paints & coatings industry is expected to fuel growth over the forecast period. Increasing spending on cosmetics in emerging economies of BRICS on account of growing awareness regarding personal hygiene is expected to drive product demand over the forecast period. Also, increasing demand for lightweight automotive, particularly in developed countries, is anticipated to have a positive impact on the sector over the next nine years.

Ilmenite, titanium-iron oxide mineral was primarily used in the product manufacturing. The emergence of new raw materials including rutile, synthetic rutile, and upgraded slag along with ample availability is expected to result in continuous feedstock supply thus driving TiO2 market growth over the forecast period.

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Further key findings from the report suggest:

• The global titanium dioxide market was estimated at over 7,400 kilo tons in 2015 and is anticipated to grow at a CAGR of more than 9% from 2016 to 2025
• The largest application segment was paints & coatings accounting for more than 50% of revenue in 2015. The product finds its use in interior architectural paint & coatings application on account of maximum hiding power. Exterior applications require gloss and tint retention, self-cleaning ability and sustainability of atmospheric conditions.
• There is an increase in the need for the product in industrial coatings on account of opacity, exterior durability, acid-catalyzed coatings and film curing properties. Surging demand from paints & coatings sector is expected to augment industry growth over the forecast period
• The demand for the product in plastics application was valued around 1,700 kilo tons in 2015. The increasing use of plastics in the manufacturing of doors and windows is expected to have a positive impact on the industry over the next nine years
• Europe was the second largest market with revenue estimated at over USD 5 billion in 2015. Growing personal care industry in UK, Germany, Italy and France is expected to drive titanium dioxide demand over the forecast period. The introduction of novel gender-specific products is anticipated to fuel personal care and cosmetics market which in turn will augment product demand over the next nine years
• Asia-Pacific is expected to witness the fastest growth at a CAGR of over 15% from 2016 to 2025 on account of surging demand from paint & coatings and pulp & paper industries. Growing popularity of multinational brands including Avon, Aveda, and Revlon in China and India is expected to augment demand over the forecast period. Also, the increasing popularity of personal care products for male population is anticipated to propel industry growth over the forecast period
• There are few major players in the market accounting for around 50% of the share making the industry consolidated. These companies highly invest in R&D for the introduction of new cost-effective manufacturing routes. In January 2014, Cristal formed a joint venture with Toho Titanium Company Ltd. to produce titanium sponge at a competitive cost resulting in integration across the value chain

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Key Factors that Drive and Impede the Growth of Ready-Mix Concrete Market

The global Ready-Mix Concrete Market is expected to reach USD 954.7 billion by 2024, according to a new report by Grand View Research, Inc. An increasing number of infrastructure projects including roads, bridges, dams coupled with rapid airport expansion works in emerging countries will fuel growth over the next eight years. Furthermore, rising government spending on power plants, manufacturing facilities, construction infrastructure along with the growing population will augment industry expansion over the upcoming years.

Commercial applications will witness considerable volume growth at a CAGR of 7.6% from 2016 to 2024. Growing population and rapid economic development in emerging countries including China, South Korea, and India are expected to propel the demand for construction of commercial buildings such as shopping malls, schools, offices, colleges, banks, and hospitals.

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Further key findings from the report suggest:

• The global ready-mix concrete market demand was 9,746.5 million tons in 2015 and is anticipated to show high gains on account of swift infrastructural expansion in China, India, Mexico, Saudi Arabia, Brazil, Singapore, Thailand, Indonesia, UAE and the U.S.
• Major government initiatives including the development of 100 smart cities in India, revival of 160 Indian airports and Silk Road Project of China are expected to create immense growth potential. Moreover, rising government spending for the development of government offices and buildings will augment the ready-mix concrete demand over the forecast period.
• MEA accounted for 10.1% of the global volume share in 2015 and is expected to witness gains in light of rising construction activities in Saudi Arabia, UAE, Qatar and Kuwait coupled with growing number of infrastructural projects in the region.
• Latin America is expected to grow significantly at a CAGR of 7.7% from 2016 to 2024 owing to rapid economic growth along with increasing construction of manufacturing plants and energy harnessing projects in Brazil. Rising government efforts to promote solar power generation will spur product demand for construction purpose over the upcoming years.
• Ready-mix concrete industry is dominated by major participants including ACC Ltd., Lafarge, Vicat S.A., Buzzi Unicem S.p.A., Barney & Dickenson, Inc., R.W. Sidley, Inc., CEMEX S.A.B. de C.V., Italcementi Group, UltraTech Cement, Holcim Ltd., Dillon Bros Ready Mix Concrete, LLC, HeidelbergCement, Livingston's Concrete Service, Inc., U.S. Concrete, Inc. and Hanson Cement Ltd.
• Companies are focusing on mergers & acquisitions to increase their penetration in the market. For instance, in July 2016, detergents and chemicals maker Nirma Ltd. acquired Lafarge India’s cement assets for about USD 1.4 billion to expand its business portfolio.

Analysts Predict Lightning Growth for Global Shale Gas Market

The global Shale Gas Market is expected to reach USD 67.02 billion by 2020, according to a new study by Grand View Research, Inc. Depleting conventional energy reserves across the globe has prompted the industry to shift focus towards developing alternative energy sources which is expected to remain a key driving factor for shale gas demand over the next six years. In addition, regulatory support for developing unconventional gases including shale gas is also expected to enhance commercialization over the forecast period. However, environmental concern, especially excessive usage and contamination of water during shale gas production process is expected to be a key challenge for industry participants over the next six years.

Power generation emerged as the leading application market for shale gas and accounted for 30.4% of total market volume in 2013. Environmental concerns regarding power generation via conventional energy coupled with regulatory support for development of unconventional energy sources for power generation is expected to remain a key driving factor over the forecast period. However, transportation is expected to be the fastest growing application market for shale gas at an estimated CAGR of 10.8% from 2014 to 2020. Growing demand for alternative fuels such as compressed natural gas (CNG) and autogas (LPG) is expected to drive the demand for shale gas in transportation industry over the next six years.

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Further Key findings from the study suggest:

• The global shale gas production was 10,826.6 bcf in 2013 and is expected to reach 18,211.3 bcf by 2020, growing at a CAGR of 8.3% from 2014 to 2020.
• U.S emerged as the leading shale gas producing country and accounted for 91.8% of total market volume in 2013. The U.S. shale boom has changed the overall energy scenario of the nation, prior to shale gas development; the U.S. was a net importer of natural gas. However, due to rapid exploration and production activities of shale gas, U.S. for the first time in many years emerged as a net exporter of natural gas in 2012. However, Asia Pacific is expected to be the fastest growing producer for shale gas at an estimated CAGR of 66.7% from 2015 to 2020. The Chinese government has also been providing substantial support in form of financial incentives and tax benefits to companies operating in shale gas market in China which is expected to drive the market over the forecast period.
• The global market for shale gas is highly competitive in nature and is led by top multinational oil & gas conglomerates which are present across the value chain. Conventional oil & gas companies coupled with companies focusing only on alternative energy forms the mix of the market. Shift in focus towards developing shale gas basins in China is expected to remain a key strategy for the market participants. Some of the leading companies in the global shale gas market include Anadarko Petroleum Corporation, Antero Resources, BHP Billiton, Cabot Oil & Gas, Chesapeake Energy Corporation, Devon Energy, Encana Corporation, Exxon Mobil Corporation, Reliance Industries Limited, Royal Dutch Shell, SM Energy, Statoil, Talisman Energy Inc. and Total SA among some other companies.

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Neurodiagnostics Market is expected to reach a value of USD 18.3 billion by 2024

The global Neurodiagnostics Market was valued at 13.6 billion in 2015 and is expected to reach a value of USD 18.3 billion by 2024, according to a new report by Grand View Research, Inc. Key factors driving the market growth include increasing prevalence of neurological diseases due to demographic changes and growing awareness of their management. In addition, consistent technological modifications coupled with increased preference for novel diagnostic technologies will further fuel the market. The economic burden of neurological diseases is extremely high on society and governments with around 1 billion people suffering globally.

Among all the neuroimaging techniques, computed tomography has the largest market share followed by Magnetic Resonance Imaging (MRI). Computed Tomography (CT) uses ionized radiations for the purpose of creating images, whereas MRI uses radio waves in a magnetic field. Neuroimaging techniques are used to detect brain injuries, developmental malformations in the brain area, vascular irregularities that may lead to stroke, epilepsy, etc.

Biomarkers are an important part of in vitro diagnostics for neurological disorders as their development is targeted at the early disease diagnosis with information about nervous system. Although biomarkers are not commercially available in the market, their use is confined to clinical research settings. For instance, ELISA tests for Tau protein are available in clinical studies of Alzheimer’s disease. In addition, neuroinformatics is a field that studies neuroscience and information technology. This integration allows the storage of neurological data in the form databases. The neuroinformatics market is expected to grow at second highest growth rate during the forecast period.

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Further Key Findings From the Study Suggest:

• Increased life expectancy has resulted in increased geriatric population across the globe. The prevalence of aging-related neurological diseases such as Alzheimer’s disease and Parkinson’s disease is on the rise. The diagnosis of these diseases includes neuroimaging, in vitro diagnosis, and neuroinformatics.
• CT and MRI are the most commonly used imaging techniques across the globe, which are mainly used to detect brain abnormalities.
• Neurological biomarkers are extremely promising as they provide a direction to the diagnostic studies. Although currently no commercial biomarker is available in the market, an extensive clinical research is happening to find out the perfect combinations of the biomarkers.
• North America held the major market share of around 36% in the year 2015 and will retain its top position during the forecast period. On the other hand, Asia Pacific will exhibit highest CAGR of 4% over the forecast period. 

Business Prospects and Future Scope of Bio-Polyamide Market in Chemical Industry

The Global Bio-Polyamide Market is expected to reach USD 220.6 million by 2022, according to a new study by Grand View Research, Inc. Growing demand for environmental friendly, sustainable products across various end-use industries such as automotive and consumer goods is expected to remain a key driving factor for global bio-polyamide market. In addition, positive outlook on Asian automotive industry is also expected to have a positive influence on the market growth. Favorable environmental regulations along with increasing focus on recyclable and green products particularly in the U.S. and Europe have also spurred demand growth. However, high cost of bio-polyamide compared to its synthetic counterpart is expected to remain a key challenge for market participants. 

PA-6 was the leading product segment and accounted for 47.4% of total market volume in 2014. Growing demand for PA-6 particularly in automotive industry is expected to remain a key driving factor for this segment. Global demand for specialty bio-polyamides is expected to exceed 5 kilo tons by 2022. 

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Further key findings from the study suggest:

• Global bio-polyamide market demand was 21,411.4 tons in 2014 and is expected to reach 50,465.3 tons by 2022, growing at a CAGR of 11.3% from 2015 to 2022.
• Engineering plastics was the most dominant application and accounted for 60.7% of total market volume in 2014. It is also expected to witness the highest growth rate of 11.5% from 2015 to 2022. Growing demand for light weight, high performance materials across aerospace and automotive industries is expected to remain a key driving factor for this segment over the forecast period.   
• Automotive emerged as the leading end-use industry and accounted for one-third of total consumption in 2014. Increasing adoption of recyclable material in the global automotive industry is expected to remain a key driving factor for this segment over the forecast period. Automotive is also expected to witness the highest growth of 12.1% from 2015 to 2022.
• Europe emerged as the leading regional market and accounted for 34.8% of total market volume in 2014. Stringent environmental regulations regarding use of synthetic polyamide across textile and automotive industries coupled with growing demand for environment friendly products can attributed to the growth of regional market. North American bio-polyamide market is expected to exceed USD 50 million by 2022. 
• Key companies operating in the global bio-polyamide market include Arkema, BASF, E. I. DuPont De Nemours & Company, Evonik Industries AG, Huntsman Corporation and Lanxess AG. Other industry participants include Formosa Plastics Corporation, Honeywell International Inc. and DOMO Group.

Impact of Existing and Emerging Industrial Lubricants Market

The global Industrial Lubricant Market is expected to reach USD 68.41 billion by 2024, according to a new report by Grand View Research, Inc. The growth of key end-use industries such as chemical manufacturing, food processing and electronics particularly in Asia Pacific is expected to drive industry growth. Increase in industrial output in emerging economies such as China, India, Russia, Brazil, and South Africa, predominantly in core manufacturing sectors, such as metal forming, foundry, consumer appliances, and plastics, along with the mining industry is expected to foster demand.

Initiatives such as continuously evolving emission standards, improving engine technology, and norms about mitigated carbon footprints are being adopted in emerging economies such as China and India. The paradigm shift towards environmental conservation is touted to be the key growth driving factors.

Chemical manufacturing was the largest application for industrial lubricants due to the high demand for non-reactive, sustainable and compatible processing fluids to handle various intermediaries and petrochemicals in a safe & efficient manner.

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Further key findings from the report suggest:

• The global Industrial Lubricant Market demand was 15.01 million tons in 2015 and is expected to reach 19.47 million tons by 2024, growing at a CAGR of 3.0% from 2016 to 2024
• Demand in North America & Europe is expected to remain high despite relative stagnancy in manufacturing growth. A revitalized manufacturing sector post recovery from the economic depression of 2009, is a major driving factor for lubricants consumption in these regions
• India emerged as the fastest growing market in Asia Pacific and is expected to grow at a CAGR of 4.3% from 2016 to 2024. India offers rewarding opportunities to industry participants with the government implementing innovative schemes to bolster domestic manufacturing activities
• Process oils primarily find use in the rubber, chemical and technical industries as a process aid or raw material. The segment accounted for over 32% of the global volume in 2015, growing at an estimated CAGR of 3.1% from 2016 to 2024
• Key companies operating in the industry include Shell, Total S.A., ExxonMobil Corp., Chevron Corp., Valvoline International, Kluber Lubrication, Fuchs Group, The Lubrizol Corporation, Clariant, Castrol, and Petronas Lubricant International

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-industrial-lubricants-market

High growth Potential in Bioactive Ingredient Offers Opportunities for the Market Leaders Globally.

The global Bioactive Ingredient Market is expected to reach USD 51.71 billion by 2024, according to a new report by Grand View Research, Inc. Increasing disposable income coupled with growing health awareness among consumers is expected to aid the market growth. Their functional properties are capable of acting on the human metabolism physiology by providing potential health benefits.

The extraction of these bioactive compounds from original sources provides ample opportunities for adding value to food products and also improves the dietary patterns of the changed consumer’s lifestyle. They also help in preventing diseases related to heart, cancer, degenerative forms and Alzheimer’s.

Marine environment is a significant source for yielding bioactive components. Consumption of long-chain fatty acids by some fish species is strongly associated with protection from coronary heart diseases (CHD). Fish Origin Omega 3 PUFA oil are claimed to have a lot of health benefits related to a person’s diet.

Recently, it has been reported that there is an increasing demand for fish oils and fish oil fortified products across various regions. Marine organisms are potentially identified for calcium, antioxidants, anti-hypertensive proteins, selenium, and chitin. Their usage in functional food segment is regarded as the most important part and is expected to affect the overall market over the next eight years.

However, extraction of medicines derived from plants is affecting the environment by causing deforestation and is expected to affect the industry critically over the forecast period. Also, to meet the rising consumer's interest for these products, manufacturers is putting a lot of pressure on the marine organisms.

Recent technological advances such as microencapsulation are adopted for protecting bioactive ingredients from unwanted reactions and oxidation. There is a rising demand among manufacturers to find suitable solutions that provide higher productivity and adequate quality of the final products.

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Further key findings from the report suggest:

• Fibers were the leading product segment and accounted for over 25% of global revenue in 2015. The effectiveness of fibers and rising awareness regarding its benefits are the primarily attributed reasons for this scenario.
• Functional food & beverage product segment is expected to witness the highest CAGR of 7.4% over the forecast period. The consumers owing to its potential health benefits prefer this segment.
• Asia Pacific was the leading consumer and accounted for over 35% of total revenue in 2015. The region is also expected to witness the highest growth of 7.5% over the next eight years. Changing lifestyle coupled with rising health consciousness among people particularly in China and India is drive the regional growth.
• Key industry participants include Mazza Innovation Ltd., Sabinsa Corporation, Ingredion Incorporated, BASF, Cargill Inc, Ajinomoto Co. Inc, Archer Daniel Midland Company and DuPont.

Metal Matrix Composite Market Worth $433.3 Million in 2022

The global Metal Matrix Composite Market is expected to reach USD 433.3 million by 2022, according to a new report by Grand View Research, Inc. Increasing need for high-performance composite metals from automotive, aerospace, and marine industries is expected to fuel the product demand over the forecast period. High malleability, ductility, and tensile strength offered by metal composites make them popular in various application segments including automotive, electronics, and aerospace industries. 

Increasing need for automotive curb weight reduction to increase fuel-efficiency and reduce pollution is expected to augment composite metal usage in automotive production. Increasing disposable income is expected to fuel high-performance automobile demand over next seven years. High manufacturing costs for metal composites along with limited technological expertise are expected to pose a challenge for market growth over the forecast period. 

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North America dominated the overall MMC market and accounted for 34.8% of the total market volume in 2013. Rising demand for high-performance materials from automotive and aerospace industries is expected to remain a key driving factor affecting the MMC market over the forecast period. Asia Pacific is expected to be the fastest growing market on account of rapidly growing automotive and electronics industries. Europe is expected to witness slow growth on account of lower growth rates of end-use industries. 

Further key findings from the study suggest:

• Global metal matrix composites market was 6,174.0 kilo tons in 2014 and is expected to grow at a CAGR of 6.3% from 2015 to 2022
• Aluminum accounted for 36.4% of the total MMC demand in 2014 and was followed by refractory metals
• Refractory matrix metals are expected to be the fastest growing product segment over the forecast period
• Ground transport was the leading application segment in 2014 and is expected to grow at an estimated CAGR of 6.1% from 2015 to 2022
• Electronics/thermal management is expected to be the fastest growing application segment for MMC.
• North America dominated the overall MMC market and accounted for 34.8% of total market volume in 2013. Asia Pacific is expected to be the fastest growing market growing at an estimated CAGR of 7.0% from 2015 to 2022.
• MMC market is moderately concentrated with few multinational players with top five companies accounting for over 65% of the total market share
• Major players operating in the global MMC market include Materion Corporation, Plansee SE, 3M, Sumitomo Electric Industries, Ltd., Sandvik AB, CPS Technologies Corporation, Deutsche Edelstahlwerke GmbH, 3A Composites International AG, GKN PLC, and Hitachi Metals, Ltd.

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Micro Irrigation Systems Market is Increasing Demand for Food Across the Globe.

The global Micro Irrigation Systems Market size was valued at USD 2.48 billion in 2014. The market is anticipated to witness substantial growth by 2022 owing to increasing demand for food across the globe. They including sprinklers, mist, drips, and sprays irrigate plant roots using low discharge emitters and complex pipe network.

The ability to modify the discharge pattern by these systems according to the requirement of various agronomic and horticulture plants drive the micro irrigation market growth. The market is expected to reach USD 9.10 billion by 2022, on account of increasing demand for food in tandem with rising population.

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Urbanization and industrialization had led to the expansion of cities and a decrease in arable land for cultivation of crops. In addition, increasing trend of population migration from villages and towns to cities has resulted in reducing the workforce in agriculture industry. These factors together have contributed to increasing popularity of micro irrigation as they not only improve efficiency but also reduce labor.

Sprinklers dominated the global market accounting for over 30% of the revenue share in 2014. Flexibility and ease of use of the product is expected to result in its high demand over the forecast period. Moreover, sprinklers also offer more coverage in small quantities of water. Thus, the market is expected to grow at a CAGR of 17.1% from 2015 to 2022.

Demand for micro irrigation systems was highest for orchards, accounting for over 30% of the global market. They water only the treeline of the orchard, thus, promoting healthy growth.

Plantation & field crops are likely to witness significant gains over the forecast period owing to rising awareness among farmers regarding the benefits of these equipment.Field crops are expected to grow at a CAGR of 18.2% from 2015 to 2022.

North America accounted for approximately 30% of the overall revenue in 2014, followed by Asia Pacific. Rising awareness among farmers regarding the benefits of using these systems has resulted in growth of the market over the past few years, and the trend is expected to continue over the forecast period.

Increasing adoption of these equipment to conserve water as well as reduce labor in agriculture-eccentric economies of Asia Pacific is expected to augment growth over the forecast period. The market is expected to witness a growth of 19.8% by 2022.Moreover, growing population and rising standard of living are expected to augment the market in the region over the forecast period.

Reduced arable land owing to industrialization, deforestation, soil erosion, and urbanization along with scarcity of water are the major drivers of the micro irrigation systems industry. Installing them minimizes soil erosion, increases crop yield with high quality, and low weed growth. Drought related issues can also be solved by these equipment under the guidance of considerable government policies and regulatory frameworks.

Prominent industry players include Jain Irrigation Systems Ltd., Valmont Industries, Rain Bird Corporation, Nelson Irrigation, EPC Industries Ltd., The Toro Company, Rivulis Irrigation, Lindsay Corporation, Netafim Ltd., and T-L Irrigation. The market is dominated by a key players including Jain Irrigation Systems, The Toro Company and Rain Bird Corporation, together accounting for over 50% of the market share in 2014. 

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The Fastest Growing “Micro Turbine Market” in the Next 5 Years

The global Micro Turbine Market is expected to reach USD 339.7 million by 2024, according to a new report by Grand View Research, Inc. Micro turbines have been gaining advantage globally on account of their compact size and high-efficiency levels. 

The technology is an ideal solution for generating clean energy in the environment. Cost effectiveness coupled with waste fuel utilization have been the major factors driving the global Micro Turbine Market. 

Changing grid operations are anticipated to establish as key industry opportunity for the product development. Increasing potential for greener energy solution is also expected to further augment industry revenue in over the forecast period. Growing investment initiatives to develop new generating capacity coupled with stringent environmental regulatory framework is anticipated to further enhance overall market growth in near future. 

Combined heat & power was the leading application segment and accounted for over 55% of total market revenue in 2015. Increasing initiatives to reduce global warming levels and installation of CHP is expected to drive this segment over the forecast period.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-micro-turbine-market

Further key findings from the report suggest:

• 50 kW-250 kW emerged as the leading power rating sector and is anticipated to witness high demand in hybrid electric vehicle manufacturing. The segment accounted for 38.3% of total market revenue in 2015. It is also expected to witness the highest growth of 11.1% over the forecast period.
• Industrial was the leading end-user and accounted for over 50% of total market revenue in 2015. Micro turbines find application in construction, oil & gas, mining, waste water treatment and pharmaceutical industries. Expanding product application in waste water treatment is expected to establish as growth opportunity for this segment.
• North America was the leading regional market and accounted for 37.7% of global revenue in 2015. Shale gas boom in the region is expected to significantly contribute towards industry enhancement in the near future. Nuclear plants decommission coupled with strict environmental regulations are anticipated to augment European market over the forecast period.
• Major companies include Bladon Jets, Capstone Turbine Corporation, Microturbine Technology BV, Calnetix Technologies LLC., ICR Turbine Engine Corporation, Eneftech Innovation SA, Brayton Energy LLC, Toyota Motor Corporation, Flexenergy, Inc, Ansaldo Energia S.P.A., NewEnCo. and Wilson Solarpower Corporation. 

Middle East Cables Market By Product ,By Application Expected To Reach USD 9.33 Billion By 2020

The Middle East Cables Market is expected to reach USD 9.33 billion by 2020, according to a new study by Grand View Research, Inc. Growing preference towards tree retardant XLPE material is anticipated to spur market growth over the forecast period. New product and technology innovation is expected to catapult the demand across mature markets such as Saudi Arabia and UAE.

Increasing government investments for economic and infrastructure growth is expected to provide avenues to the Middle East cables market. Further, tremendous increase in energy demand owing to ongoing infrastructure activities for Dubai Expo 2020 is also expected to drive regional market growth over the next six years. Increase in power transmission demand for organizing the FIFA World Cup 2020 in Qatar is providing avenues to the Middle East cables market.

Emergence of technologically advanced materials such as LVDC high temperature superconductor (HTS) cable is expected to assist market growth. Stringent regulations and several government initiatives with various national development projects are expected to be the key forces driving the Middle East cables market. Volatile prices of key raw materials such as copper and aluminum are anticipated to remain key challenge for market participants. However, technological advancements and innovations to develop eco-friendly, low cost and efficient cables are further expected to serve as growth opportunities for market growth.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/middle-east-cables-market

Further key findings from the study suggest:

• Medium-voltage cables accounted for majority of the market share in 2013, and increasing deployment of XLPE raw materials in medium-voltage cables is expected to drive to be a key growth driver.
• High-voltage cables segment is expected to witness significant growth through the forecast period. This growth can be attributed to a number of macro-market drivers such as growing number of turnkey projects, need for safe transmission, increasing offshore wind projects, and growing demand for underground transmission.
• The commercial segment accounted for over 60% of the overall market share in 2013. Rapid infrastructure development, drawing huge investment from the GCC participants is expected to drive market demand in commercial sector. Growing urbanization is expected to support the infrastructure development in the emerging economies.
• Saudi Arabia accounted for over 35% of the overall market share in 2013 and is expected to witness high growth owing to the expansion of commercial and industrial sectors.
• Notable companies operating in the Middle East cables market include Riyadh Cables, El-Sewedy, Oman Cables, Saudi Cables and Ducab.

Mining Equipment: Global Market to Grow at High CAGR in Upcoming Years – 2022

The Global Mining Equipment Market is expected to reach USD 95.14 billion by 2022, according to a new study by Grand View Research, Inc. The mining industry has faced an economic slowdown over the last two years due to reduced investments and weak demand from major geographies including North America & Europe which has significantly hampered the mining equipment market.

Leading manufacturers including Caterpillar, Sandvik and Atlas Copco have reported substantial drop in their revenues as a consequence of the mining industry’s economic slump. The slowdown is primarily concentrated around new projects and expansion of existing projects. Current operations continue to perform well, with companies striving constantly to improve productivity.

The mining industry is expected to start its recovery post 2017, as mining equipment manufacturers are expected to increase their capital spending, triggered by the opening of new sites particularly in the untapped regions of Africa and Latin America.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/mining-equipment-market

Further key findings from the study suggest:

• Surface mining equipment contributed to over 30% of the overall market revenue in 2014 and is expected to continue dominating the market over the forecast period on account of growing demand for bauxite and iron ore. Underground mining machinery inclusive of continuous machines, long wall machines, hydraulic shovels, and cable shovels, also accounted for significant market share in 2014.
• Metal mining is expected to remain the dominant application market over the forecast period on account of increased demand for precious metals including platinum, gold, and silver; the activity also requires considerable investment as a result of high degree of complexity involved and large scale of operations. Coal mining is poised for high growth due to growing demand for coal in electricity generation and heating.
• Untapped regions of Africa such as Zambia and Congo having considerable metal mines and Latin American countries such as Chile, Brazil, and Peru are expected to trigger recovery in the mining equipment industry. China is anticipated to dominate the market throughout the forecast period on account of high demand from coal and metal industries. Europe and North America are expected to lose share over the next few years, due to barriers such as government restrictions on coal fired power plants.
• Key market participants include multinational companies such as Sandvik, Atlas Copco, Caterpillar, Hitachi Construction Machinery, and Komatsu. Leading players lay emphasis on large production lines and professional manufacturing equipment resulting in high capital investments. In order to comply with stringent safety standards, market entry aspirants seek at obtaining safety qualifications for their products.

Business Prospects and Future Scope of RFID Kanban Systems Market in Medical Devices Industry

Global RFID Kanban Systems Market is expected to reach USD 1.1 Billion by 2020, according to a new study by Grand View Research, Inc. Increasing cases of stock outs, over inventory, clerical errors and growing demand for real time asset and inventory tracking are some factors expected to drive market growth over the next six years. Furthermore, high cost incurred due to medication expiration, increasing demand for FIFO system and the implementation of lean inventory management is expected to boost market growth over the forecast period.

North America held majority of the market in 2013, with revenue estimated at USD 97.5 million. Economic development, increasing demand for process optimization, rising awareness level amongst healthcare organizations pertaining to the benefits associated with RFID kanban systems are some major drivers of this market.

The presence of a large gap between the need for hospital inventory management and availability of real time inventory management solutions has resulted in high growth potential for the U.S. market. RFID based kanban systems have been incorporated by certain healthcare facilities. However, a large percentage of hospitals have yet to make this transition.

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Further key findings from the study suggest:

• The U.S. RFID kanban systems market was valued at USD 76.9 million in 2013. The incorporation of RFID kanban systems brings down the overall inventory ordering, shortage, carrying and purchase costs by as much as 30%. This cost reduction incentive acts as the most important driver for the RFID based kanban systems market in the region.
• The Japanese RFID kanban systems market is expected to grow at a CAGR of over 23.8% from 2014 to 2020. Owing to the fact that the kanban system was initially developed in Japan, there has been significant development since then in the country for the purpose of automating the two bin kanban system. There has been prototype deployment of RFID kanban systems in Japan and it is expected that there will be growing demand for further such implementation in the Japanese hospitals to further improve healthcare services.
• Some key market players of RFID Kanban systems include Brooks Automation, Grifols, Hurst Green Plastics Ltd., Wurth Group, Bollhoff Group, Pepperl+Fuchs, Datelka, Metra Tec GmbH, Logi-Tag and Mattteo
• In order to develop cost effective and technologically advanced products, manufacturers in the market are involved in rigorous R&D. For Instance, LogiTag released a new mobile app for hospital inventory management and charge capture.

Asia Pacific Fuel Dispenser Market is projected to reach USD 1.39 billion by 2024

The Asia Pacific Fuel Dispenser Market is projected to reach USD 1.39 billion by 2024, according to a new report by Grand View Research, Inc. The demand for fuel dispenser in Asia Pacific is expected to grow significantly over the forecast period, primarily driven by the increasing demand for vehicles in the region. The developing economies in the region, including China and India, accounted for over 75% of the total market in 2015. The growing demand in China owing to the growing consumer spending capacity as well as robust automotive sales is expected to have a positive impact on the industry growth.

The constant movement of the rural population to urban areas in India is expected to create a need for infrastructural development. The growing disposable incomes of the consumers is expected to drive the demand for vehicles in the country. As a result, the demand for fueling stations and dispensing systems is expected to grow over the next eight years.

The positive gross domestic product (GDP) and steady growth in the consumer standards of living is expected to augment the demand for oil & gas and related products, which in turn is expected to aid the industry growth in Asia Pacific. The threat of new entrants is low owing to the presence of established manufacturers in the region.

High capital requirements, coupled with the need for advanced technologies, may restrict the entry of new industry players. Furthermore, the dispensing systems are utilized to distribute fuel to the general population. It is highly flammable and hazardous to the human health and the environment, owing to which several associations have set standards for the manufacturing of dispenser systems.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/asia-pacific-fuel-dispenser-market-analysis

Further key findings from the report suggest:

• Submersible systems accounted for over 80% of the total market in 2015. Low installation and maintenance costs of this technology are expected to drive the demand in the region. Increasing penetration of the technology in China and India is expected to aid industry growth over the forecast period.
• The demand for dispensing systems for CNG vehicles is expected to witness substantial growth, at a CAGR of over 4% from 2016 to 2024 owing to its affordable price and superior mileage as compared to petrol powered vehicles. Furthermore, growing government support in promoting CNG owing to its environmental benefits is expected to drive growth over the projected period.
• China is the largest manufacturer and consumer of fuel dispenser in the region with over 45% of the total market share in 2015. Growing demand for petrol and CNG dispensing systems is expected to drive the industry over the next eight years. Rapid automotive industry growth is also expected to aid industry demand in the country.
• Key players include Gilbarco Inc., Wayne Fuelling Systems LLC, Tokheim, and Tatsuno Corporation. Wayne Fuelling Systems LLC is being acquired by Dover Corporation who owns Tokheim. This acquisition is expected to give a competitive edge to Dover over the forecast period.

Ammunition Market is expected to gain traction in Nation Security business – Study

The global Ammunition Market is expected to reach USD 16.07 billion by 2024, according to a new report by Grand View Research, Inc. Increasing terrorist activities, coupled with arms race amongst emerging economies in the recent past is projected to fuel industry growth over the next eight years. Civil and defense are the two key end-uses in the market. The civil end-use is further segmented into law enforcement, self-defense, and sports & hunting.

Advancements in Russian and U.S. regional markets coupled with increasing participation in shooting, hunting and sports across the world is influencing the growth of the global ammunition market. The countries such as China, South Korea, India, France, Saudi Arabia, Germany, Turkey, Israel and South Africa are expected to boost the demand further in the ammunition industry. However, high costs in research & development and international regulations are expected to hinder the market growth over the forecast period.

Additionally, the demilitarization initiatives adopted across Europe and North America are expected to reduce the demand for ammunition form the military and law enforcement sectors. However, the impacts of these factors are expected to reduce over the period of forecast.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-ammunition-market

Further key findings from the report suggest:

• The global ammunition market size was estimated at USD 11.74 billion in 2015 and is expected to grow significantly by 2024 in light of technological advancements and development for the smart weapons to maintain law and order in developed economies.
• Bullet segment is expected to witness considerable gains at a CAGR of 3.8% from 2016 to 2024. This growth is attributed to the measures taken by different governments to introduce latest technologies for the overall advancement of the industry.
• AAI Corporation has developed an advanced light machine gun which uses 5.56mm ammo. This is also referred as telescoped ammunition and does not contain conventional brass cartridge, which reduces the weight approximately by 40% as compared to the traditional ammunition.
• Asia Pacific accounted for 32.9% of the overall revenue share in 2015 and is projected to witness high growth. Recent increase in terrorist activities along with the need to maintain internal peace and order, counties such as India, China and Pakistan are continuously enhancing their defense mechanism, which in turn is boosting the market.
• Ammunition industry is dominated by key participants including include General Dynamics Corporation, BAE Systems, Remington Arms Company, Inc., Ruag Ammotec, Poongsan Corporation, Federal Premium Ammunition and Maxam. Companies are collaborating in order to remain profitable and retain their position in the global market.

Technology Leader Driving Preimplantation Genetic Testing Innovations

The global Preimplantation Genetic Testing Market was valued at USD 129.3 million in 2015 and is expected to reach a value of USD 221.1 million by 2024, according to a new report by Grand View Research, Inc. Growth in number of offspring born with inherited conditions is a high impact rendering factor for growth of this market. Emergence of preimplantation genetic diagnosis for detection of nearly all genetically inherited conditions enable couples, who are carriers of such conditions, screen their embryos before transferring to uterus and this is the primary driver of this industry.

Increase in adoption of IVF as a result of pregnancy-related complications is anticipated to drive demand for preimplantation genetic testing services. Women who are undergoing IVF are expected to undergo PGT cycles for prevention of inheritance of chromosomal abnormalities by offspring, which as a consequence is augmenting growth.

Growth in demand for these tests can be ascribed to the increase in rate of infertility due to environmental and lifestyle factors, which in turn, emphasizes the need for development in this vertical.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-preimplantation-genetic-testing-pgt-market

Further Key Findings From the Study Suggest:

• Preimplantation genetic testing is available for different types of services, which include X-linked diseases, Human Leukocyte Antigen (HLA) typing, chromosomal abnormalities, freeze embryo testing, aneuploidy screening, detection of serious late-onset diseases, and gender selection. Preimplantation genetic testing for chromosomal abnormalities accounted for approximately 29% of the market share due to advancements in its screening by the use of noninvasive prenatal testing, which employs cell-free DNA for early detection of chromosomal abnormalities, such as Patau syndrome, Edwards syndrome, and Down syndrome.
• This technology has various applications. Amongst all the applications, embryo HLA typing for stem cell therapy dominated with a share of over 30%. This largest share can be attributed to the benefits associated with the use of PGD for identification of HLA compatible embryos for stem cell therapy.
• Although usage of these tests for inherited chromosomal disease is observed to have less penetration in the current scenario, it is expected to witness tremendous growth in the coming years due to increasing adoption rate of this service for detection of inherited genomic anomalies, such as sickle cell anemia and Huntington’s disease.
• Europe accounted for the largest share with respect to revenue as a result of growing awareness about the scope of these diagnostic services for delivering genetically fit offspring. Also, developed infrastructure, rising investments by governmental bodies, and presence of key players in this region, collectively encourages growth of this industry in this region.
• Some of the key players that have commercialized PGT services include F. Hoffmann-La Roche AG; Genea Limited; Quest Diagnostics, Illumina, Inc.; Natera, Inc; CooperSurgical, Inc; LabCorp; California Pacific Medical Center; Thermo Fisher Scientific, Inc; Igenomix; Reproductive Genetic Innovations, LLC; CombiMatrix; Good Start Genetics, Inc; Bioarray S.L; and Reproductive Health Science Ltd.
• These key participants are actively involved in the R&D initiatives for development of novel PGT services. Partnership between entities and acquisition of small companies by major companies in order to reinforce its status in the market as well as to expand its product catalog for this vertical is expected boost revenue generation in preimplantation genetic diagnostics.
• For instance, In December 2015, Natera, entered into a partnership with MedGenome, provider of genomic solutions for personalized healthcare in India. As per this partnership, MedGenome will be allowed to use the Panorama noninvasive prenatal test in its research laboratory. As a result, MedGenome becomes the first provider of this service in India.

Optical Brighteners Market is projected to witness significant growth at a 6.1% CAGR from 2016 to 2024

The global Optical Brighteners Market is expected to reach USD 1.11 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for optical brighteners from various industries including paper, personal laundry, textiles and cosmetics to improve illumination of the finished product is expected to be a principal factor in stimulating growth over the forecast period. 

Increasing demand for whitening agents from the paper industry owing to their ability to impart superior brightness is expected to improve product penetration over the forecast period. Paper accounted for 35.8% of the global volume share in 2015. Growing consumer demand for paper from emerging economies including India and China is expected to propel expansion over the forecast period. 

Textiles & apparels are one of the major end-uses of optical brighteners and are projected to witness significant growth at a 6.1% CAGR from 2016 to 2024. Increasing competitiveness among textile and garment manufacturers in Asia Pacific on account of high consumer demand has resulted in a significant rise in production volumes. This in turn has made a positive impact on the product demand owing to its ability to impart various shades of white to textiles & apparels which will influence industry expansion over the next few years. 

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-optical-brighteners-market

Further key findings from the report suggest:

• European optical brighteners market is expected to grow at a CAGR of 6.4% from 2016 to 2024 in terms of volume. Germany, France and Italy are expected to be key markets on account of a positive outlook of the cosmetics industry. Penetration of optical brighteners has increased significantly in personal care products such as soaps and shampoos which have resulted in improving market dynamics of the product in Europe.
• Asia Pacific is expected to witness the fastest growth over the projected period. Increasing production volumes of textile and paper in India, Thailand and China is likely to propel expansion of the product over the next eight years. The market is predicted to reach a value of USD 312.3 million by 2024. Cost effective production approach of optical brightener manufacturers in the region has been a major incentive for growth.
• The demand for optical brighteners in consumer products was 59.4 kilo tons in 2015. Various government policies including FDI and “Make in India’’ is expected to drive the Indian paper and textile industries. Rising demand for detergents &soaps in countries including India, China, U.S., and Saudi Arabia will play a significant role in influencing growth over the forecast period.
• Key industry players include Huntsman International LLC, Archroma, RPM International Inc., Aron Universal Limited, Teh Fong Min International Co., Ltd., Keystone Inc., BASF SE, Deepak Nitrite Limited and 3V Incorporation. Companies in this sector are increasing their production capacities to expand their business presence and gain market share. 

Organic Personal Care Market is expected to grow at a CAGR of 9.8% from 2014 to 2020

The global Organic Personal Care Market is expected to reach USD 15.98 billion by 2020, according to a new report by Grand View Research, Inc. Growing demand for organic and natural hair care, skin care and cosmetic products is expected to augment organic personal care market over the projected period.

Approval from human health & safety regulatory bodies such as the U.S. Department of Agriculture (USDA) and FDA for the use of organic products in various personal care products is expected to fuel market growth. Technological innovations aimed at the development of cost-effective product lines by companies such as The Body Shop, Aveda Corporation, Amway and Estee Lauder are expected to remain critical success factors for industry growth over the forecast period.

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Changing consumer perception towards organic products coupled with growing utilization of environmentally sustainable products has fueled growth of naturally derived products. In addition, manufacturing of organic or naturally derived products aids in reducing pollution by consuming natural resources and reducing reliance on petroleum based products.

Rising demand for chemical-free skin and hair care products coupled with changing lifestyle of consumers regarding organic care has also contributed to the growth of organic care and skincare products growth. Increasing consumer disposable income coupled has also contributed to the growth of this industry in the last few years.

Organic skin care products are expected to witness significant gain over the forecast period and the segment is expected to grow at a CAGR of 9.8% from 2014 to 2020. Ability of natural ingredients to provide anti-oxidation properties and improve skin immunity is expected to be an advantageous factor for the market growth. However, high manufacturing cost is expected to be a concerning factor for organic skin care companies in the near future.

Organic cosmetics generated revenues exceeding USD 1.80 billion in 2013. Increasing use of cosmetic products among consumers in India, China and Brazil along with rising awareness towards harmful effects associated with chemical substances is likely to fuel demand for organic personal care products over the forecast period. Robust cosmetic manufacturing base in Germany, France and UK is expected to have a positive impact on organic cosmetics industry over the forecast period.

North America dominated the global market and is expected to grow at a CAGR of 9.8% from 2014 to 2020. Adoption of Montreal Protocol and Kyoto Protocol in the U.S. and Canada for restricting greenhouse gas emissions has forced personal care manufacturers to utilize natural ingredients in their product. Aforementioned factors for promoting use of natural ingredients in personal care products are expected to favor industry growth over the forecast period.

Global organic personal care sector is fragmented in nature owing to the presence of numerous companies. In addition, there are also regional, small scale producers present that have strong hold in their domestic market; many of which are present in Europe and North America.

Numerous companies are undertaking numerous strategic initiatives intend to increase their global presence in this industry. For instance, L’Oreal acquired Kiehl’s in 2000 and The Body Shop in October 2013 in order to increase its share in this sector. Furthermore, Clorox acquired Burt’s Bees in October 2007, to further expand its organic product portfolio.

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Acoustic Insulation Market is expected to reach USD 16.55 billion in 2025

The global Acoustic Insulation Market is expected to reach USD 16.55 billion in 2025, according to a new report by Grand View Research, Inc. Increasing standard of living, awareness regarding the effect of noise pollution on human health and stringent regulations have been driving the global acoustic insulation market so far.

Market growth will probably be driven by consumer needs and initiatives, while favorable regulations are also expected to play a crucial role in shaping the industry. Technological advancements in construction, industrial processing, and transportation industries will play a significant role in acoustic insulation market growth over the forecast period.

Increasing competition in automotive manufacturers to produce acoustically insulated luxury vehicles has taken the game far ahead. Aerospace and marine industries have been trying to isolate occupants from airborne and impact noises. Consumer demand for quieter and insulated cabins in vehicles and airplanes will probably help the segment growth over the forecast period.

Building & Construction has traditionally been using sound insulating materials to maintain a peaceful environment for the occupants. Penetration in the sector is primarily driven by regulatory mandates to control noise transmission level, especially in the U.S. and Europe. However, sluggish construction industry growth in Europe has inhibited the market growth in the past and the impact is expected to be seen over the forecast period as well.

Asia Pacific is the dominant market, and the demand has been driven by growing construction as well as transportation sectors. Europe closely follows Asia Pacific to be the second largest market for acoustic insulation products. Regional demand is driven by stringent regulations regarding the airborne, appliance and impact noise. Apart from regulations on noise at source, EU regulates noise transmission levels inside dwellings as well. 

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-acoustic-insulation-market

Further key findings from the report suggest:

• Rock wool emerged as the leading product segment with demand share exceeding 40% in 2015. Higher sound insulation, environment-friendly nature, and low prices have been responsible for the market penetration.
• Foamed plastic is expected to be the fastest growing product segment with revenue growth of 6.2% from 2016 to 2025. Better acoustic properties, ease of installation in addition to the dual benefits of acoustic as well as thermal insulation offered are expected to trigger the product demand.
• Building & construction dominates the market with a volume share exceeding 55% in 2015. Regulations and consumer demand mainly drive segment penetration. 
• Asia Pacific acoustic insulation demand expected to grow at an estimated CAGR of 6.2% from 2016 to 2025. Growing transportation as well as construction sectors in the region will probably trigger the market growth.
• Expansion and acquisition to emerge as the critical factor for expanding the regional presence. Key companies operating the market include Rockwool International, Saint-Gobain, Knauf Insulation, BASF, Owen Corning Corporation, Johns Manville and Kingpan Group

Vascular Closure Devices : Global Market to Grow at High CAGR in Upcoming Years – 2024

Global Vascular Closure Devices (VCDs) Market is anticipated to reach USD 1.3 billion by 2024, according to a new report by Grand View Research, Inc. Growing popularity of femoral artery cardiac catheterization and high success rate of VCDs for improved patient comfort and shortening of hemostasis time are potential factors for the projected growth of VCDs market over the forecast period. Adoption of VCDs for diagnostic and therapeutic interventions that facilitate endovascular image-guided interventions to detect coronary heart disease are expected to contribute toward the growth of this market throughout the forecast period.

Moreover, ability of VCDs to overcome complications, such as prolonged bed rest and patient discomfort caused by manual compression, is expected to revolutionize the market growth over the forecast period.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-vascular-closure-device-vcd-market

Further Key Findings from the Study Suggest:

• VCDs offer three types of products, which includes active approximators, passive approximators, and external hemostatic devices. Out of all three, active approximators dominated the market in 2015 as they shorten the time to ambulation and possess high efficiency rate.
• Amongst the different end-users of VCDs, acute care facilities accounted for the largest share and are expected to maintain their dominant position over the forecast period. This is attributed to the rising popularity of VCDs in acute care treatment facilities.
• Asia Pacific is estimated to witness the fastest growth over the forecast period owing to the presence of unmet demands by the hospitals and rising R&D investment in this region.
• Some key players operating in this industry include Cardinal Health; Abbott Laboratories; COOK; Medtronic; W L. Gore & Associates; Boston Scientific Corporation; Biotronik GMBH & CO.KG; TZ Medical, Inc.; C. R. Bard, Inc.; ST. JUDE MEDICAL; Cardiva Medical, Inc.; Merit Medical Systems, Inc.; ESSENTIAL MEDICAL, INC; and Scion BioMedical.
• This market is expected to witness lucrative growth owing to high level of competitive rivalry, which translates to high revenue generation in this sector. These prominent players are opting for different strategies to boost their status in this market. Companies are involved in developing novel VCDs and in turn broaden their product portfolios. Acquisition and collaboration with small companies in order to enhance presence is also expected to propel growth in this vertical.
• For instance, in October 2015, Cardinal Health acquired Johnson & Johnson's Cordis business. Cordis is a leader in manufacturing and marketing of cardiology and endovascular devices. This acquisition was intended to expand Cardinal’s VCD product catalog to reinforce its status in the market.
• North America dominated the market in 2015, with over 33% of total revenue. The presence of key players in this region, which are primarily involved in marketing and development of innovative VCDs, to facilitate cardiac surgeries can be attributed to the largest share of North America. Demand of products for monitoring of coronary artery disease is also expected to drive growth.