Market Forecast News: 2017

Thursday 28 December 2017

Intensifying Business Opportunities in Drill Pipes Market

The global drill pipes market is expected to reach USD 1.31 billion by 2025, according to a new report by Grand View Research, Inc. increasing innovation regarding improving product strength is a major trend in the industry. Industry players are focused on developing new technologies and raw materials for better performance in all type of drilling conditions including onshore and offshore remote oil and gas fields.

However, the dip in the crude oil prices over the last two years has restricted the market growth. Rig rental capital is declining in the offshore market, and customers have significantly higher bargaining power in negotiating new contracts and extensions, leading to lower day rates and an oversupply of rigs.

API grade drill pipes held the largest share in global demand and are expected to continue their dominance over the forecast period. Standardization of the finished products along with the relatively low prices of this grade are anticipated to promote market penetration. Utilizing these products also ensure reduced operational cost to the E&P and operator companies.

API grade products are mostly preferred in normal environments and conventional basins owing to the easy availability and reduced OpEx to both E&P and contractor companies. Exploration in unconventional and harsh environmental conditions particularly in shale, CBM, and tight reserves are expected to steer premium grade drill pipes demand over the forecast period.

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Global Drill Pipe Market Revenue By Grade, 2014 - 2025 (USD Million)

Further key findings from the report suggest:

Premium grade drill pipes are expected to account for over 25% of the revenue by 2025. The increasing use of premium grade in tight oil and gas formation is anticipated to drive the segment growth over the next eight years.
Onshore fields dominated the global drill pipe market with a net demand of over USD 580 million in 2015. Hike in E&P in shale and CBM fields particularly in the U.S., Canada, and China have been the key factors responsible for high market penetration.
The U.S. market demand in offshore basins exceeded a net value of USD 64 million in 2015 and is estimated to grow at a CAGR of 4.3% from 2016 to 2025
Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the flexible regulatory scenario in economies including India, China, Indonesia, and Singapore. The Indonesian drill pipe industry is anticipated to reach a net value exceeding USD 19 million by 2025.
The global market is dominated mostly by regional players. Some of the multinational players include Inter Drill Asia, TPS TECHNITUBE RÖHRENWERKE, Vallourec, and National Oilwell Varco.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Market Outlook of Global Point of Use Water Treatment System Industry Analysis and Foresight Report to 2025

The global point of use water treatment systems market is estimated to be valued at USD 34.1 billion by 2025, according to a new report by Grand View Research, Inc. Increasing water pollution coupled with growing awareness towards healthy lifestyle are factors propelling the market growth.

Increasing adoption of water purifier systems is predicted to drive the global point of use water treatment systems market over the forecast period. Favorable government laws to ensure the supply of clean and potable drinking water are further expected to augment business growth in the coming years.

The increasing demand for clean water coupled with growing investments to boost the efficiency is likely to provide a boost to the point of use water treatment systems market growth over the forecast period. Significant reduction in the costs of raw materials and components along with favorable government initiatives is likely to encourage growth of the point of use water treatment systems market by 2025. Governments across the globe are encouraging wider adoption of water treatment systems, to avoid an epidemic of water borne diseases.

In terms of technology, the reverse osmosis systems held over 43% of the global point of use water treatment systems market share in 2016. Established technology coupled with economical costs of units in comparison to other technologies is predicted to have a positive impact the growth of point of use water treatment systems market by 2025. Filtration methods technology segment in point of use water treatment systems market is predicted to be valued at USD 7.5 billion by 2025. Higher efficiency, enhanced capacity, and affordable pricing are projected to boost market growth during the forecast period.

Tabletop pitchers segment of the water treatment systems market was valued at USD 6.9 billion in 2016 and is likely to be valued at USD 14.6 billion by 2025. Tabletop pitchers are widely adopted owing to the convenient use coupled with affordable price and longer shelf life of the product. In the devices segment, faucet mounted filters are the second largest with 80.7 million units sold in 2016. This segment has large scale penetration in Indian and African countries mainly due to its affordable pricing and low replacement costs.

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U.S. point of use water treatment systems market, by technology, 2014 - 2025 (USD Billion)

Further key findings from the report suggest:

The U.S. point of use water treatment systems market, in terms of value, is predicted to grow at a CAGR of over 3.4% in the coming years. Favorable government regulations, coupled with financial benefits, are predicted to boost business growth over the forecast period.
In 2016, the UK point of use water treatment systems market, in terms of volume, contributed over 31.9 million units and is predicted to reach over 102.9 million units by 2025. Under the sink units are more prevalent in the UK, given the advanced aesthetic sense prevalent among the customers in the country.
India point of use water treatment systems market is likely to be valued at USD 1.9 billion by 2025. As of 2017, India is one of the largest market owing to be the second most populated country in the world.

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Wednesday 27 December 2017

Fertilizer Additives Market are Good Investment for Business in Upcoming Years

The global fertilizer additives market is projected to reach USD 3.94 billion by 2024, according to a new report by Grand View Research, Inc. Growing fertilizer industry and shrinking arable land are projected to drive the market over the forecast period.

Additives are added to fertilizers in order to inhibit the loss of key nutrients such as nitrogen phosphorus, potassium, and sulfur, among others. The additives, which are available in both, solid and liquid forms, are used during storage and transportation of fertilizers.

Anti-caking was the most popular function of additives in 2015. Caking of fertilizers is one of the major problems faced by farmers, retailers and manufacturers, particularly during rains. Change in storage temperatures also results in caking. Additives are used to overcome these challenges.

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India fertilizer additives market revenue, by function, 2013 - 2024 (USD Million)

Further key findings from the report suggest:

Urea dominated the end product segment in 2015 with a share of 55.6%. it is widely used globally, since it contains the highest amount of nitrogen among all fertilizers. Factors such as shrinking arable land have increased the importance of products such as urea and ammonium nitrate, which help in cultivation in a short span of time, in limited available land.
Anti-caking dominated the function segment in 2015. This segment is projected to grow at the highest CAGR of 3.7 over the forecast period. Additives are used to avoid the formation of lumps in fertilizers, enabling safe storage and transportation.
Asia Pacific led the global market with a share of 58.8% in 2015. This region is home to some of the emerging countries such as China and India. The market in India, where, agriculture is the primary occupation, is projected to drive the market from 2016 to 2024.
The weather in this part of the world gets hot and humid during summer, which can lead to caking and loss of essential nutrients in fertilizers. Thus, additives are expected to play an important role in maintaining the quality of fertilizers in this region.
Clariant, KAO Corporation, Novochem Group, and ChemSol, LLC are some of the key manufacturers of additives. Other players include Filtra Catalysts & Chemicals Ltd., Solvay, Arrmaz, Chemipol, Forbon Technology, Michelman, Tolsa Group, and Amit Trading Ltd.
The companies adopted various development strategies such as new product developments, expansions, mergers & acquisitions, and agreements, partnerships, & joint ventures to establish themselves as market leaders and expand their global reach.

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Oil & Gas Separation Market Poised for Steady Growth in the Future

Global Oil And Gas Separation Market is expected to reach USD 10.68 billion by 2020, according to a new study by Grand View Research, Inc. Favorable initiatives such as Kuwait conventions and U.S. EPA regulations towards maintaining optimum pipeline fluid quality with low gas to water and oil to gas ratio are expected to drive global oil & gas separation market. Increasing environmental concerns along with strict quality specifications are also expected to have a positive influence on the market growth. Key market participants have been investing heavily in R&D for technological developments to meet pipeline specific fluid quality. Rising E&P in conventional & unconventional reservoirs in offshore & onshore locations along with increased levels of water production in tight reserves is also expected to impact the market growth. Growing solid handling issues in existing plants along with high cost of equipment upgradation is expected to remain a key challenge for market participants.

Gravitational separation emerged as the leading oil & gas separation technology and accounted for over 45% of total market revenue in 2013. Gravitation is the most conventional method used for oil & gas separation and its existing capacities coupled with its effective separation have contributed to its growth in the past. The segment is expected to lose some of its share to other high growth segments such as centrifugal separation owing to increasing R&D and technological advancements to handle multiple fluid phases and various crude oil grades. Centrifugal technology is estimated to witness the fastest growth at a CAGR of 4.7% from 2014 to 2020 owing to more efficient separation mechanism.

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Global oil & gas separation market revenue by technology, 2012 - 2020 (USD Million)

Further key findings from the study suggest:

Three-phase separators were the largest product segment and accounted for over 40% of total market revenue in 2013. It is also expected to witness the highest growth of 4.9% over the next six years owing to their ability to deal with solids. Scrubbers are also estimated to witness significant growth over the forecast period on account of efficient mist separation coupled with increasing environment regulations for maximum particulate and GHG content in flare gases.
Onshore was the largest application segment and accounted for 59.6% of total market revenue in 2013. Oil & gas separation demand in offshore is expected to witness the highest growth rate of 5.4% from 2014 to 2020. Increasing deep sea and ultra-deep sea investments in the “Golden Triangle” is expected to drive this segment over the forecast period.
North America was the largest regional oil & gas separation market and accounted for over 40% of total market revenue in 2013. The regional market is expected to witness significant growth on account of large number of shale plays in the U.S. Asia Pacific is expected to witness the highest growth rate of 5.1% over the next six years on account of improving oil & gas infrastructure coupled with rapid development of shale gas E&P. Increasing offshore oil & gas development in countries such as Malaysia, Indonesia and Vietnam is also expected to fuel the regional market.
Major companies in global market have been investing heavily on R&D for efficient oil & gas separation technology development. Key players operating in global oil & gas separation market include Opus Company, Pall Corporation, Unidro SpA, Hamworthy, Twister BV, Honeywell, Frames Group, Sulzer and FMC Technologies, Alfa Laval, Andritz and Westfalia.

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Agricultural Films & Bonding Market Expand Their Businesses With New Investments

The global agricultural films & bonding market is expected to reach USD 14.19 billion by 2024, according to a new report by Grand View Research, Inc. Rising need for optimum productivity to sustain the food demand is the key factor behind the commercialization of specialty products. Increasing investment in R&D and advancements in agricultural practices backed by technological support is anticipated to drive the industry growth.

Films are extensively used for greenhouse farming, soil protection, and mulching. Various benefits associated with these films include reduced soil erosion & compaction, temperature control, seed germination, weed control, nutrient conservation, and protection against UV Rays.

The film segment accounted for over 75% of the global volume in 2015. Growth in this sector may be attributed to growing high-quality crops demand coupled with the increasing requirement for ideal agricultural productivity.

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Global agricultural films & bonding market revenue by product, 2014 - 2024, (USD Million)

Further key findings from the report suggest:

The global market demand was 6.80 million tons in 2015 and is expected to reach 10.68 million tons by 2024, growing at a CAGR of 5.2% from 2016 to 2024
HDPE demand in netting was 105.7 kilo tons in 2015. The high raw material demand may be attributed to various beneficial characteristics such as convertibility, complete recyclability, waterproof, and durability.
Bailing was the largest application segment and accounted for 53.8% of the twine market in 2015. Baling twine is used in farming to bind straw or hay bales together.
Europe agricultural films and bonding market is anticipated to grow at a CAGR of 5.0% from 2016 to 2024 owing to shrinking pastures and farm land. However, the region is expected to adopt advance farming techniques and biodegradable products. Spain and Italy are the leading consumers of films owing to greenhouse industry growth.
Asia Pacific accounted for over 70% of the total market volume in 2015 and is projected to witness the fastest growth on account of growing need to elevate agricultural productivity to sustain the food demand
Key companies operating in the industry include Novamont, BP Industries (BPI), Ab Rani PlastOy. Trioplast Industrier AB, Armando Alvarez SA, ExxonMobil Corporation, Barbier Groupe, Britton Group, BASF, and Kuraray. The global market is highly fragmented owing to the presence of various small-scale and regional players, especially in Asia Pacific.

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The World Outlook for UV Curable Resins for Automotive Industry Demand and Trends: 2014-2024

The global Ultraviolet Curable Resins Market is expected to reach USD 4.67 billion, according to a new report by Grand View Research, Inc. Rise in the industrial sector especially in Asia Pacific is one of the major driving factors for the growth of UV curable resins market.

Increasing concern regarding growing VOC emissions has resulted in the development of new low emission products. UV curable resins emit minimal to zero VOCs and are not volatile in nature. These resins produce less shrinkage, the line of sight curing and provide many advantages over traditional methods. Development of renewable raw materials for manufacturing these curable resins is anticipated to drive the market.

UV curable resins are widely used in wood coatings, graphics art, automotive and industrial application. With the increase in industrialization across the globe, there is a surge in the demand for eco-friendly products. Manufacturing companies across the world are focusing and investing in R&D activities for the innovation of new technologies to produce environmental - friendly products.

Ultraviolet curable resins in industrial application are expected to be the fastest-growing segment and are anticipated to hold over 40% of the total demand by 2024. Growth in the construction and electronics & electrical industry particularly in emerging markets of Asia Pacific & Latin American is expected to drive the UV curable resins demand in industrial segment.

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U.S. ultraviolet (UV) curable resins market volume by composition, 2014-2024 (Kilo Tons)

Further key findings from the report suggest:

The global ultraviolet curable resins market demand was 465.9 kilo tons in 2015 and is expected to exceed 1 million tons by 2024, growing at a CAGR of 9.2% from 2016 to 2024
In 2015, monomers held the largest market and were worth over USD 1.00 billion. Monomers are the major components in manufacturing UV curable resins which are further used in coatings, adhesives, and inks.
Photoinitiators are expected to witness the fastest growth rate over the next eight years. The companies are trying to develop new photoinitiators for manufacturing curable resins and expand the breadth of objects to be cured.
In 2015, North America was the largest market and accounted for 32.1% of total market volume in 2015. The huge investment in R&D for new photoinitiators technology development in the U.S. is the major factor for the regional industry growth.
Asia Pacific is expected to be the fastest growing market over the next eight years. The region has been witnessing a remarkable growth in the construction and electrical & electronics industry, especially in India, Indonesia, Thailand, South Korea and other countries in the region. The growth in these industries is the major factor in the rising demand for these curable resins in the region.
Key companies in the industry include BASF SE, Covestro AG, The Nippon Synthetic Chemical Industry Co., Ltd, Allnex Belgium SA/NV, Hitachi Chemical Co., Ltd, IGM Resins B.V., Eternal Materials Co., Ltd., Sartomer, Jiangsu Sanmu Group Corporation, DSM N.V, SolTech Ltd., and Toagosei Co., Ltd.

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Market Outlook of Global Colored PU Foams Industry Analysis and Foresight Report to 2022

The global colored PU foams market is expected to reach USD 20.33 billion by 2022, according to a new report by Grand View Research, Inc. The market is expected to be driven by increasing developments in electronic appliances, automotive, footwear and packaging industries. Growing demand for high performance materials from automotive industry is expected to drive global colored PU foams market over the forecast period. Increasing construction spending in Asia Pacific is also expected to have a positive influence on the market growth. Volatile MDI/TDI prices are expected to challenge market profitability.

Flexible colored PU foams were the leading product segment and accounted for over 55% of total market volume in 2014. They are widely used for cushioning applications mainly in furniture & interiors and packaging industries. Rigid PU foams are expected to witness the highest growth of 5.2% from 2015 to 2022. Growing demand for insulation products across automotive and construction industries is expected to drive this segment over the forecast period.

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Further key findings from the report suggest:

Global colored PU foams market demand was 4.43 million tons in 2014 and is expected to reach 6.56 million tons by 2022, growing at a CAGR of 5.0% from 2015 to 2022.
Furniture and interior was the leading application segment with demand share exceeding 25% in 2014. Rapid urbanization particularly in Asia Pacific and parts of Middle East & Africa has prompted demand for furniture and interior products. This surge in demand is directly proportional to growth of colored PU foams.
Electronic appliances are expected to witness the highest growth of 5.7% from 2015 to 2022. Growing consumer preferences for efficient and high strength appliances is expected to drive this segment over the forecast period.
North America was the leading regional market with demand share estimated at 35.4% in 2014. Developed application industries particularly in the U.S. coupled with growth of automotive and construction industries in Mexico are expected to drive the regional growth. Asia Pacific is expected to witness the highest growth of 5.2% from 2015 to 2022.
Global industry is highly fragmented in nature. Small and medium sized industry participants covered more than 70% of market share in 2014. The market is expected to attract huge number of companies owing to introduction of bio-based raw materials.

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Tuesday 26 December 2017

Cold Form Blister Packaging Finds Application in Chemical & Packaging Industry - Trends & Forecast by 2024

The global Cold Form Blister Packaging Market is expected to reach USD 8.63 billion by 2024, according to a new report by Grand View Research, Inc. rising utilization of packaging materials that offers optimal protection and safety allowing extending product shelf life is projected to boost market demand over the forecast period.
Cold form blister packs help to provide an impermeable barrier to moisture, light, oxygen, and other gasses. It also maintains the product integrity, offers complete protection proving to show high patient compliance rate. Some of the drivers influencing the market growth are the growing packaging demand from pharmaceutical industry and high requirement of cold forming packs owing to favorable product features.
Growing disposable income, improved medical facilities and initiatives adopted by the government to promote healthcare programs has led a rise in demand for cold form foil packaging products.

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U.S. cold form blister packaging market revenue by application, 2014 - 2024 (USD Million)

Further key findings from the report suggest:

Healthcare broadly prefers utilizing cold forming packaging materials; this segment accounted for 48.30% of the market volume in 2015. It is used for sealing many products like tablets, capsules, drugs, vials, ampoules, syringes or liquid products. Child-resistant, tamper evident, senior-friendly and anti-counterfeit packaging are in high demand worldwide.
Innovative packaging is designed and modified to keep pharmaceuticals & medical devices free from all adverse external factors that modify the physical and chemical properties, biological contamination, degradation, mechanical damage, and counterfeiting
Electronics & semiconductors are expected to witness the fastest growth over the forecast period. The rising number of automobile companies coupled with increasing utilization of electronic components, such as transmitters, transistors, diodes, batteries, in the manufacturing process may be attributed to high growth in future.
Asia Pacific is projected to grow at the highest CAGR of over 7.8% on account of the growing demand for healthcare and electronics & semiconductors products in China, Japan, and India. Rising consumers’ necessity for convenience and better sealing features, demand for wide-range of product portfolio and improved environmental standards are accelerating the demand for cold form blister packaging.
Major companies identified in this industry include Amcor Ltd., Sonoco Co. products, Bemis Company Ltd., Constantia Flexibles Group GmbH, Essentra PLC, Tekni-Plex Inc., and Honeywell International, Inc. among others. Multinational packaging companies have partnered with raw material suppliers and have acquired regional small and medium-sized flexible packaging companies to expand its geographical presence.

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Ammonium Sulfate Market Growth - Trend Towards Increasing Crop Yield

The global ammonium sulfate market is expected to reach USD 3.44 billion by 2022, according to a new report by Grand View Research, Inc. Growing fertilizers demand on account of growing population and decreasing arable land is expected to remain a key driving factor for global ammonium sulfate market. Shift in trend towards increasing crop yield by increasing nutrient contents such as nitrogen and sulfur in soil is also expected to have a positive influence on the market growth. Presence of stringent regulatory norms particularly in developed markets of Germany, France, UK and the U.S. are expected to remain a key challenge for market participants.

Solid ammonium sulfate emerged as the leading product segment and accounted for over three quarters of total demand in 2014. Solid ammonium sulfate is also expected to witness highest growth of 2.45% from 2015 to 2022. Granular ammonium sulfate finds its application across a wide range of end-use industries which has contributed towards its growth.

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U.S. ammonium sulfate market volume by application, 2012-2022, (Kilo Tons)

Further key findings from the report suggest:

Global ammonium sulfate market demand 24.60 million tons in 2014 and is expected to reach 29.81 million tons by 2022, growing at a CAGR of 2.43% from 2015 to 2022.
Fertilizer emerged as the leading application segment and accounted for over 90% of total market volume in 2014. Continuous increase in population coupled with need to increase cultivation yield is expected to benefit the demand for ammonium sulfate in fertilizers. Novel applications such as food additives are expected to witness the highest growth of 2.90% from 2015 to 2022.
Asia Pacific was the leading regional market with demand share estimated at 39.0% in 2014. Presence of a large agriculture industry in China, India and South East Asian countries is expected to remain a key driving factor for the regional market. The region is also expected to witness the highest growth of 2.57% from 2015 to 2022.
Central and South America is expected to witness significant growth to account over 17% of the global market by 2022. Ammonium sulfate demand in Brazil is expected to rise over the forecast period and have positive impact on the overall regional market.
Ammonium sulfate industry is fragmented with presence of large number significant market players across the globe. Some leading companies operating in the global market include DSM, Honeywell and BASF. Other companies include Sumitomo Chemicals, Helm AG, Evonik Industries, Domo Chemicals, AkzoNobel, Lanxess, Rentech and Agrium.

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Key factors that drive and impede the growth of World Remote Patient Monitoring Devices Market

Global remote patient monitoring devices market is expected to reach USD 1.7 billion by 2024, according to a new report by Grand View Research Inc. Remote patient monitoring devices, due to their capability to monitor various chronic conditions such as diabetes, cardiovascular conditions, and cancer are expected to witness substantial growth over the forecast period.

Increasing incidences of cardiovascular diseases, rising geriatric population base and the growing demand for independent and healthy living by them are high impact rendering drivers for remote patient monitoring devices market. Moreover, improving healthcare infrastructure, increasing post-acute care management and growing focus of key market players on emerging economies is also expected to fuel the growth of this market.

Rapid technological advancement occurring in remote patient monitoring devices market is expected to lead towards availability of better option for healthcare practitioners and the patients, thereby promoting the growth of remote patient monitoring devices market. Remote patient monitoring devices encompass a wide array of technologies designed to manage, evaluate, notify, intervene, and modify the treatment plan as required.

The remote patient monitoring devices are most commonly used to slow the progression of chronic disorders and enhance recovery after getting discharged from an acute care unit. Remote patient monitoring technologies also alerts caregivers for prompt intervention through any vulnerable condition.

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U.S. remote patient monitoring devices market, by product, 2014 - 2025

Further key findings from the study suggest:

Heart rate monitors are identified as the most lucrative sub-segment with a significant growth rate of over the forecast period owing to increasing incidences of cardiac related conditions globally.
Heart rate monitor segment accounted for a significant market share in 2014. The rise in demand for home healthcare and independent living by geriatric population are high impact rendering drivers for remote patient monitoring devices market segment.
North America accounted for more than 40% of the remote patient monitoring devices market in 2014 on account of the high demand for technologically advanced products. Presence of sophisticated healthcare infrastructure along with high awareness level of the patients regarding their health has led to the growth of overall remote patient monitoring devices market.
Asia Pacific market is expected to have high growth potential for remote patient monitoring devices due to the presence of large unmet needs in the emerging economies such as China and India. Presence of suitable government initiatives to curb the deteriorating environmental conditions and enhancing healthcare infrastructure in Japan and Australia are also expected to attribute to the remote patient monitoring devices market’s attractiveness.
Key players of the remote patient monitoring devices market include Philips, Honeywell, American Telecare, Roche, Philips Healthcare, Bosch, Biotronik, Intel, Welch Allyn, Health anywhere Inc, Johnson & Johnson and Covidien Plc.

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Factor Affecting the Growth of Europe Aerosol Container Market in Future

Europe aerosol container market is expected to reach USD 1.37 Billion by 2022, according to a new report by Grand View Research, Inc. Europe aerosol container is expected to witness substantial growth over the forecast period owing to its widespread use in household, paint, and medical industries. Furthermore, growing demand for these products from food & beverage and automotive applications is expected to propel market growth over the projected period.

Increasing demand for cosmetic products in countries including UK, France, Germany and Italy is expected to have positive impact on market growth. Furthermore, rising demand from personal care sector owing to increasing use of deodorants, hair sprays, and shaving creams among young population is expected to be a key driver for aerosol container market growth.

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Europe aerosol container market revenue, by product, 2012-2022 (USD Million)

Further key findings from the report suggest:

Europe metal aerosol container accounted for over 95% of the market share in 2014. Increasing demand for these products owing to its superior barriers properties which protects the product from negative effects of UV radiation on medical, personal care and food products is likely to increase market share.
Growing demand for glass aerosol container from medical industry including pharmaceutical manufacturers as well as laboratory research is expected to drive production growth over the forecast period. These containers are non-porous, impermeable and have no chemical interactions with the product stored, thus promoting its use in medical and laboratory applications.
Metal aerosol container production in France was over USD 130 million in 2014. Presence of large number of personal care companies coupled with rising use of these products in personal care packaging is expected to propel demand over the next seven years. France is the fourth largest paint exporter in the world and has been exporting to economies including Poland, Turkey and Russia. Rising demand for paint from various applications, especially construction, is expected to propel container production in the region.
UK aerosol container production is expected to witness significant growth, growing at a CAGR of over 4% from 2015 to 2022. Growing demand for these products in personal care products is likely to propel production over the next seven years. Rising demand for these containers owing to their light weight and corrosion resistance properties is expected to propel demand over the forecast period.
Europe aerosol container market is integrated across various stages of the value chain particularly from container manufactures to end-use industries and recycling companies. Raw material companies include Arcelor Mittal, Alcoa Inc., TW Metals, and Crown Aerosol provides various raw materials including stainless steel and aluminum in the form of rod, sheet, plate, tube or pipe.

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Thursday 21 December 2017

All Things you want to Know about Connected Health and Wellness Devices Market

The global connected health and wellness devices market is expected to reach USD 612.0 billion by 2024, according to a new report by Grand View Research, Inc. The demand for wearable medical devices and remote patient monitoring systems is anticipated to increase over the forecast period due to the shifting consumer preferences towards a healthier lifestyle thus driving the market growth in the coming years. In addition, the increasing incidences of lifestyle-associated diseases requiring continuous health monitoring, which is expected to lead to an upsurge in the demand for connected health devices over the forecast period. In addition, the advantages associated with its usage and the availability of advanced products, such as remote sensors, adapters, and connected mobile communication devices are the factors further augmenting the market growth.

Moreover, the rising demand for greater access to patient health information is the key factor contributing towards the market growth. In addition, the raised awareness levels as a result of the supportive initiatives undertaken by government and non-profit organizations, such as Healthcare Information and Management Systems Society (HIMSS), are anticipated to serve this industry with future growth opportunities. The rising emphasis on the development of advanced healthcare solutions coupled with the sufficient availability of funds is expected to boost the R&D investments in the connected health & wellness devices market. For instance, the government organizations, such as Healthcare Research and Quality (AHRQ), offer funds to expand the health information systems in the U.S., which is expected to further fuel the industry growth in this region.

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Further key findings from the study suggest:

The healthcare analytics segment is expected to show lucrative growth over the forecast period owing to the rising pressure on hospitals to curb the spiraling healthcare costs, the availability of big data analytics, and the penetration of electronic health record systems in medical settings. The growing need to improve value-based outcomes in the healthcare sector and the adoption of the patient-centric approach are the factors propelling the segment’s growth.
The wellness product segment is anticipated to grow lucratively at a CAGR of 23.8% due to the availability of advanced products, such as GPS smart watches, which help in the monitoring of various parameters including physical activity, respiratory rate, and pulse rate and are additionally equipped with cloud connectivity.
In addition, the introduction of technologically advanced personal medical devices is expected to contribute towards the growth of the overall market in the next seven years. For instance, the advanced ECG monitors launched by Aerotel Medical Systems Ltd. in February 2014, is a 3G cellular module, which is incorporated to enable the seamless transmission of patient ECG records directly to the doctor’s email account.
The individual consumer segment is anticipated to grow profitably to reach over USD 200 billion due to the increasing preference for personal medical devices so as to reduce hospital stays, costs of the treatments, and enable continuous health monitoring. In addition, the rise in the preference of geriatric patients towards home healthcare creates the demand for connected health & wellness devices over the forecast period
In 2015, North America held a substantial share of the overall market at over 38.6%, which is attributed to the presence of favorable reimbursement policies and a large population using wearable medical devices. Moreover, the following changes in the demographic trends including the growing geriatric population and unhealthy lifestyles are anticipated to drive the industry growth.
Asia Pacific is presumed to grow at the fastest CAGR of around 27.0% over the forecast period due to the increasing government initiatives targeting the improvisation of the healthcare infrastructure.
Some key players of the market include Omron Healthcare, Inc., McKesson Corporation, Philips Healthcare Company, GE Healthcare, Inc., Draeger Medical Systems, Inc., Fitbit, Inc., St. Jude Medical, Inc., Medtronic Plc, Aerotel Medical Systems Ltd., Boston Scientific Corporation, Body Media, Inc, Garmin International, Inc., Microlife Corporation, Masimo Corporation, AgaMatrix, Inc., and Apple, Inc.
These market players are focusing on the development of cost efficient & technologically advanced devices, which offer comfort to the users. New product development and strategic alliances including partnership agreements, promotional activities, and acquisitions are instrumental in keeping market rivalry high.
For instance, in May 2016, Philips Healthcare announced an eHealth initiative, which offers care to patients with chronic diseases across the European region to create awareness amongst consumers and generate revenue. The aforementioned factors are expected to contribute towards the growth of the connected devices industry in the coming years.

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Future Business Opportunities in Next Generation OSS & BSS Market

The global next generation OSS and BSS market is expected to reach USD 58.41 billion by 2025, according to a new study by Grand View Research, Inc. The next generation OSS and BSS solutions are transforming the business processes of the Communication Service Providers (CSP). They are aimed at automation process while delivering superior services in a rapidly changing technological landscape. These solutions are also transforming the traditional network into software programmable domains running on simplified, lower cost hardware, resulting in driving the convergence of IT and Telecom sector.

Operations Support System (OSS) and Business Support System (BSS) offers automation of billing, customer service, service assurance, and service fulfillment, to CSP. The growing popularity and deployment of next generation OSS and BSS in the telecom sector is anticipated to be a potential factor influencing market growth over the forecast period. The growth can be attributed to a better customer experience management which is anticipated to become more imperative to the telecom service providers in the near future.

The technological shift in mobile network and customer’s option to a port-out of the cellular network has increased concern within the telecom sector. In light to which there has been an increased focus on customer retention with the use of analytics and is also anticipated to fuel demand for next generation OSS and BSS solution over the forecast period.

CSPs are focused on gaining the advantage of newer technology aimed at increasing revenue and lowering risk of providing services to the customers. Next generation OSS and BSS transformation are enabling marketers to launch new promotions & pricing plans, thereby reducing time-to-market and resulting higher revenue generation. This also results in business agility and innovation for the CSPs. Growing requirement of advanced OSS and BSS for supporting over-the-horizon services such as Cloud and M2M is furthermore anticipated to impact industry growth over the next eight years.

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Further key findings from the study suggest that:

In 2016, the mobile segment dominated the next generation OSS and BSS market, and was valued at USD 10.02 billion
The revenue management segment is anticipated to continue its dominance over the forecast period, it is projected to reach at USD 16.12 billion by 2025
The customer management is anticipated to witness highest CAGR of 10.3% over the forecast period. The growth is attributed to increased focus on various tools aimed to understand customers and cater to them accordingly.
North America was valued at USD 10.16 billion in 2016 and is expected to hold a predominant share in the market, followed by Asia Pacific
Asia Pacific is anticipated to be the fastest growing region for the next generation OSS and BSS market, growing at a CAGR of 9.5% over the forecast period. The growth can be attributed to the fact that 4G network has emerged positively in this region and is projected to have a deeper penetration over the forecast period.
The key players in this market are Accenture plc, Amdocs, Inc., Capgemini SE, CSG System International, Inc. and Hewlett Packard Enterprise Co. (HPE), among others.

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Market Outlook of Global Bluetooth Smart & Smart Ready Industry Analysis and Foresight Report to 2025

The global Bluetooth smart and smart ready market is expected to reach USD 39.3 billion by 2025, according to a new report by Grand View Research, Inc. The increasing use of smart gadgets and latest technological advancements in Bluetooth (BT) technology are expected to fuel the growth of this market globally. Moreover, a significant increase in the number of players investing in this market is projected to increase competitive rivalry.

The increasing demand for smart wireless sensors that are embedded in most of the consumer wearable products and electronic gadgets is expected to drive the global Bluetooth Smart and Smart Ready market. The suitability of Bluetooth Low Energy (BLE) technology for small wireless battery-operated devices that need high endurance is expected to drive the market.

The growing adoption of Internet of Things (IoT), particularly in the retail and industrial sectors, is expected to boost the demand for Bluetooth Smart and Smart Ready devices over the forecast period. Increased demand for PC peripherals, smart TV consoles, smartphones, and tablets has also contributed to the growth of the consumer electronics market. This, in turn, is expected to boost the demand for the BT technology. Moreover, the rapidly growing smartphone market has been a key driver for the proliferation of the BT standard.

The Bluetooth Smart technology is evolving as a leading connectivity protocol for fitness and medical devices globally; it has become a de facto standard for smartwatches, fitness devices, and medical devices produced by companies such as Polar Electro; Nike, Inc.; Adidas AG; Samsung Electronics Co., Ltd.; Pebble; Sony Corporation; iHealth Labs Inc., and Qualcomm Technologies Inc.

Furthermore, compatibility with several platforms and the wide acceptance of the BT technology has opened new growth avenues for the Bluetooth beacons market. These beacons are widely deployed in the retail sector to facilitate indoor navigation, contactless payments, and also enable in-store analytics and proximity marketing.

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Further key findings from the report suggest:

The retail & location-based services and wearables segments are expected to witness robust growth
The automotive & transportation segment is expected to account for approximately 12% of the total revenue share by 2025; the growing demand for connected car technology and increased on-board connectivity is projected to drive this segment
In 2016, the North American region accounted for the largest market revenue share due to the high penetration of the IoT technology and an increase in the number of interconnected products via internet
The key players in the industry include Texas Instruments Incorporated; Qualcomm Technologies, Inc.; Nordic Semiconductor ASA; Murata Manufacturing Co., Ltd.; Microchip Technology Inc.; Marvell Technology Group Ltd.; Dialog Semiconductor; Cypress Semiconductor Corporation; CEVA, Inc.; and Broadcom.

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In-Memory Analytics Finds Application in Customer Experience Management, Design & Innovation

The global in-memory analytics market is expected to touch USD 6.62 billion by 2025, according to a study conducted by Grand View Research, Inc. The advancements in technology and the need for cost efficiency have increased the adoption of in-memory analytics. In-memory analytics includes various applications such as customer experience management, design & innovation, operational optimization, marketing management, real-time analysis & decision-making, and others. These solutions not only enable enterprises to increase their operational efficiency, but they also assist them in reducing expenses.

For the in-memory analytics market to work successfully, seamless connectivity is one of the most important prerequisites. The presence of a strong wireless connectivity infrastructure in regions such as North America has facilitated the widespread adoption of in-memory analytics. Hence, this regional market is expected to see substantial growth in 2017. Additionally, the presence of prominent in-memory analytics market companies such as SAS Institute, Kognitio, Qlik, SAP SE, and IBM, among others, is estimated to boost the growth prospects of the in-memory analytics market.

While the rising number of in-memory analytics devices are propelling the market growth, there has also been significant concerns over data privacy and data security. As there has been a significant increase in cyber-attacks around the world, the need to safeguard the end user from a potential attack would play an essential role in determining the growth of the in-memory analytics market.

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Further key findings from the study suggest:

Healthcare is the fastest growing vertical at a CAGR of 25.0%. The need for providing real-time insights would prove to be essential for the growth of the segment.
Small & Medium Enterprises (SMEs) are expected to grow at a higher CAGR of 29.0% over the forecast period.
Benefits such as cost optimization, operations management, and strategic-decision making are expected to drive the growth of the in-memory analytics market.
Customer experience management enabling customers with customized products and services, is expected to grow at the CAGR of 24.8% over the forecast period.
The North American region is currently leading in the market and the trend is expected to continue over the forecast period.
The primary reasons behind the growth of North American region are the early adoption of the technology and the presence of leading market players.
Prominent players operating in the in-memory analytics market include Oracle, SAP SE, MicroStrategy Inc., International Business Machines (IBM), Software AG, among others.

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Wednesday 20 December 2017

Grand View Research – Modern Manufacturers Need to Invest in Chlor-alkali Market

The North America chlor-alkali market is expected to reach USD 19.63 billion by 2024, according to a new report by Grand View Research, Inc. The rapidly growing chemical industry is projected to play a vital role in supporting demand. The demand for chlor-alkali products indirectly depends on conditions in downstream end-use industries. Increased use of chlorine based products in the day-to-day items such as soaps & detergents, textiles, glass, etc. is expected to drive the product demand over the forecast period. Chlorine is helpful in water treatment and is also used to manufacture chlorinated paraffin wax.

Environmental impact in the form of mercury emission is expected to emerge as a major restraint for the market. Cutting down mercury as well as carbon emissions is expected to pose a challenge to manufacturers. The extremely energy intensive manufacturing process of the product is also assumed to hinder growth.

Key companies operating in the industry focus on process innovation to develop new products that will satisfy the demand of already existing large application base. The industry is expected to witness a technological shift towards membrane cell technology.

Companies are expected to invest in research activities to develop environmentally friendly and cost efficient process. Companies will have to track energy prices in order to implement suitable pricing policies to achieve competitive advantage.

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Further key findings from the report suggest:

In terms of volume, chlorine occupied the largest share in 2015 and is projected to grow at the highest CAGR over the forecast period
The glass industry is expected to emerge as the largest as well as fastest growing application segment for soda ash
Soda Ash has the ability to control furnace temperature at levels necessary to melt silica, which makes it an essential element in glass manufacturing industry
In terms of volume, caustic soda product segment is expected to grow at an estimated CAGR of 3.2% from 2016 to 2024
Increasing R&D activities towards development of new production processes is expected to create opportunities for the companies operating in this region
The industry is characterized by large number of suppliers who are actively in engaged in manufacturing and supplying a variety of chlor-alkali products to various end-use industries
Key industry players include Olin Corporation, Axiall Corporation, Solvay Chemicals, FMC Corporation, etc.

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Rubber Tired Gantry Crane Market has Very Promising Future Thanks to the Increasing Investments

The global rubber-tired gantry (RTG) crane market is expected to reach USD 1.64 billion by 2025, according to a new study by Grand View Research, Inc. Advancements in technologies, such as Active Load System (ALS), are expected to fuel the market growth over the forecast period. RTGs equipped with ALS technology help in increasing the stability of the container during transportation.

The increasing seaborne trade due to rapid industrialization has led to the development of port infrastructure across the globe. The growth in seaborne trade can be attributed to the increasing population, especially in developing regions. Moreover, flexible taxation across various regions for the import of goods has led to an increase in incoming container traffic. This stimulates the implementation of robust container handling equipment such as RTGs.

The recent advancements in the technology have helped in increasing the efficiency of cranes during loading and unloading of the container from the ship. Cranes are being remotely controlled through a wireless medium established at a common control center that enhances driver safety and operational convenience.

The growth in vessel size due to increase in global trade has stimulated the usage of RTGs in various ports for improving container handling capacity. The equipment operates with fewer performance deviations and carries out container stacking in lower number of moves, thereby saves fuel and time of operation.

Market participants are increasingly focusing on green technology due to stringent government regulations pertaining to pollution and emission limits across various regions. Moreover, the use of RTGs equipped with electric drives can be optimized to consume less power.

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Further key findings from the study suggest:

The 16-wheeler RTGs segment dominated the overall market in 2016 and was valued at USD 563 million. Easy maneuverability and high load carrying capacity are expected to propel the demand for these products
Electric cranes contributed remarkably toward industry growth and were valued at USD 269.1 million in 2016
Hybrid RTGs are widely adopted as they are equipped with optional diesel generator sets that are expected to prevent the downtime and keep the equipment functional
The hybrid powered RTG segment is expected to gain traction over the forecast period and was valued at USD 92.0 million in 2016. These RTGs facilitate port terminals and crane operators in reducing fuel expenses
The demand for this equipment in the Asia Pacific region was relatively higher, owing to its operational efficiency. The region is expected to grow at a CAGR of 4.4%from 2017 to 2025
Ports in North America are expected to receive funding from regional governments for port infrastructure development. The funds will be invested in container handling equipment and terminal development for capacity expansion
The key industry participants include Anupam Industries Limited, Konecranes, SANY GROUP, TNT Crane & Rigging, Liebherr, ElectroMech Material Handling Systems (India) Pvt. Ltd., Kalmar, Mi-Jack Products, Shanghai Zhenhua Heavy Industries Co., Ltd., and Reva Industries Ltd.

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GCC Protective Relay Market – Global Analysis and Forecast 2010-2024

The GCC Protective Relay Market is expected to reach USD 377.4 million by 2024, according to a new report by Grand View Research, Inc. Escalating investments in the transmission & distribution infrastructure to substitute the aging equipment is a key factor instigating the protective relay demand in the power systems. The increasing complexity of electrical circuits has made it unavoidable to use protective devices for the safe & secure operation. The increasing electricity generation capacity to fulfill the growing population’s electricity needs is anticipated to remain as a chief factor driving the market growth. However, the cost associated with the installation & maintenance of protective relays is projected to challenge the market over the forecast period.

The GCC protective relay market is expected to gain prominence over the forecast period owing to the population growth coupled with the increasing domestic power consumption in Saudi Arabia. Furthermore, upcoming events, such as 2022 FIFA World Cup, would further lead to increased investments in the infrastructure development, thereby spurring the electricity demand in GCC. This would subsequently elevate the need for protective relays to safeguard the power systems in this region.

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Further key findings from the report suggest:

The medium voltage segment accounted for over 35% of the overall revenue in 2015 and is expected to witness a rapid growth at a CAGR of over 6.3% from 2016 to 2024. This is due to their usage in the protection of buildings such as houses, hospitals, shopping malls, and warehouses, which supply medium voltage power.
The growth in the feeder protection application segment can be primarily attributed to the surging need to protect overhead cables and lines utilized for the electricity transmission. The segment is estimated to witness a growth exceeding the CAGR of 5.5% from 2016 to 2024.
The power sector is projected to witness a significant growth over the forecast period owing to the integration of relays to ensure safety and security of equipment and personnel at the power stations. The segment captured a sizeable market share in 2015 accounting for over 40% of the overall revenue share in the same year.
Saudi Arabia accounted for more than 40% of the overall share in 2015. However, UAE is estimated to exhibit the high growth over the next few years owing to the surging industrial, infrastructure, and power projects in this country.
The key market participants include Siemens, ABB, GE-Alstom, and Schneider. Industry participants strive to undertake product differentiation and technological advancements so as to gain a competitive edge in the market.

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Business Prospects and Future Scope of PPM Market in Emerging Technology Industry

The global project portfolio management market is estimated to attain USD 8.85 billion by 2025, according to a new report by Grand View Research, Inc. The growing trend of BYOD, among businesses, is expected to improve employee productivity and real-time project monitoring; thereby, making it feasible to implement project and portfolio management solutions.

Multi-regional businesses are fueling the demand for project and portfolio management solutions to foster effective decision-making and prevent project complexities. The extensive use of project and portfolio management solutions in data analytics, to offer convenient services to customers at low costs, in the BFSI and IT & telecom sectors is anticipated to drive the market growth.

Emerging businesses that adopt cloud-based services, mainly in developing economies such as Asia Pacific, are expected to fuel the growth of project and portfolio management market over the forecast period. Further, facilities, such as low setup costs, improved security, and increased collaboration opportunities, provided by the cloud-based solutions are expected to increase business productivity and overall growth of an organization.

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Further key findings from the study suggest:

Increasing complexity in banking operations, due to increased multi-regional operations and outsourcing activities, is anticipated to elevate the demand for PPM solutions in the BFSI application segment
The BFSI segment dominated the application segment of the project and portfolio market in 2015 and is presumed to grow at a CAGR of 12% over the forecast period
The new product development segment is estimated to be the fastest-growing solution segment in 2015 and is expected to witness a CAGR of 15% over the forecast period
Technological advancements in cloud and mobile technologies are anticipated to enable increased investment in the new product development segment for creating applications that can be used on-the-go
The services segment is further segregated into support & consulting services, integration & deployment, and training & education
The deployment of cloud-based solutions stimulates easy service delivery, owing to their virtual presence that aids organizations in accessing data, anytime, across connected devices
The Asia Pacific region is expected to contribute, significantly, to the industry growth, due to the emerging Small and Medium Enterprises (SMEs) and increasing adoption of BYOD. The regional market is predicted to grow at a CAGR of 14% over the next nine years.
The key industry participants include CA, Inc., Celoxis Technologies Pvt. Ltd., Changepoint Corporation, HP Development Company, L.P., Innotas, Planview Corporation, Planisware, Microsoft, Oracle, and Workfront, Inc., among others

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