Vascular closure devices (VCDs) market is anticipated to reach USD 1.3 billion by 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.

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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.

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Key factors that drive and impede the growth of World Small Arms Light Weapons (SALW) Market

The global small arms light weapons market is expected to reach USD 25.76 billion by 2024, according to a new report by Grand View Research, Inc. The increasing issues on human rights and safety and security are expected to drive the demand. The increasing effects of urban warfare along with increasing terrorism incidents have also led to the development of the small arms light weapons across various regions. An increase in the urban warfare along with increased terrorist activity is anticipated to propel the market growth. The development of light-weight weapons for further enhancement of defense system is an ongoing trend in the developed countries.

Increasing criminal activities and human rights violations have resulted in the increased efforts for the technology advancements and modernization of the weapons utilized by law enforcement. The Combat Development and Integration Command’s Fires and Maneuver Integration Division of marines introduced the small arms modernization strategy which is expected to focus on updating and developing the current weapons in short-term and futuristic systems that could hit the fleet in the 2020s.

The governments of various countries are also investing their resources for the development of highly sophisticated weapon accessories such as night vision devices, laser rangefinders, weapon sights, aiming lasers, and fire control systems. High investment in the defense Research & Development (R&D) for shoulder –wired weapons made for developing a highly robust, reliable, and durable weapons system has also catapulted the demand for light weapons in military applications. The limited defense budget to boost the development of defense system is expected to hinder the market growth.

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Further key findings from the study suggest:

• In 2015, light weapons market accounted for over 60% of the overall market share and is also expected to significantly growth over the forecast period. The implementation of modernization programs for police and the military forces is expected to drive the growth.
• Rifles in small arms segment are expected to witness a significant growth at a CAGR of over 20% over the forecast period. The increasing interest of civilians in the shooting sports is expected to be the reason for growth.
• Grenade and grenade launchers are expected to witness enormous growth in the light weapons segment owing to increased stress between countries and increased development of grenade launchers
• The military application segment is anticipated to witness substantial growth and is estimated to reach over USD 13.0 billion by 2024. The widespread geographic presence of terrorism and human rights violation had led to the increased demand of light weapons market. Increased violation of civilians rights and law enforcement regulations have also triggered its growth.
• The Asia Pacific SALW market is anticipated to grow at a CAGR of over 25% over the forecast period. Increasing technology and economic developments in the emerging countries such as China and India with their cross-border disputes has contributed to the growth.
• Notable companies operating in the SALW market include Raytheon, Berette S.p.A., GLOCK Ges m.b.H., and FN Herstal SA

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Rear Axle Market Outlook - World Automotive Supply and Demand Estimates Report

The global rear axle market is expected to reach USD 57.77 billion by 2024, according to a new report by Grand View Research, Inc. The increasing concern over safety and security is anticipated to drive demand over the forecast period.

The increasing urbanization in the developed countries has led the consumers to seek alternatives to car ownership. Integrated mobility business and car-sharing has become the ongoing trend in the developed nations. The original equipment manufacturers are expected to diversify the product portfolio for offering services which include car-sharing to have a wider presence in all the diversified segments.

The increasing demand for value for money (VFM), which includes high mileage and fuel efficient products, is anticipated to catapult the vehicle industry. Developed markets, such as Europe and the U.S., represent the dominant share in the industry. Intense competition in the developed markets has led to a shift in the focus toward the emerging markets. Furthermore, the changing lifestyle, rise in disposable income, and stabilizing economic conditions have also led the emerging countries, such as India and China, to exhibit market growth.

The development of new technology, which includes connected cars, is a fully-digitized vehicle with advanced infotainment systems. Moreover, apps, Wi-Fi, and vehicle-to-vehicle communications have enhanced the basic safety such as position and speed, real-time location, and routing based on traffic conditions. Also, the development of smart cars, which provide a relinquishing control of vehicles with functions such as self-parking, self-braking, automatic accident avoidance features, automatic cruise control based on road conditions. The economic slowdown and falling stock prices have affected the sales of the automotive industry. China Association of Automobile Manufacturing (CAAM) confirmed a weaker growth of the sector as compared to that in 2014.

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Further key findings from the study suggest:

• In 2015, the drive axles segment accounted for over 40% of the overall revenue. Numerous interconnecting systems have been incorporated with the drive shaft to increase efficiency, control the movement, and power. With the engine power turning the axle to create movement, drive shafts are used in a broad spectrum of vehicles.
• The economy vehicles segment is estimated to witness an enormous growth and is anticipated to reach over USD 22.0 billion by 2024. The demand is reflected in the shorter lead times in development, higher fuel economy, lower vehicle noise, and higher engine power. Rear axles used in these vehicles which offer better fuel consumption and lower noise levels.
• The Asia Pacific rear axle market is expected to grow at a CAGR of 4.9% from 2016 to 2024. Emerging countries, such as South Africa, India, and Malaysia, are expected to boost the overall industry demand. SA exhibited a significant growth under the motor industry development program. Economy vehicles are expected to dominate the overall market in context with the rear axle application.
• Notable companies operating in the rear axle market include American Axle & Manufacturing Holdings, Dana Holding Corporation, Meritor, Inc., Daimler Trucks North America LLC, and ROC Spicer Ltd.

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About Grand View Research

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Premium Insights on Tumor Ablation Market 2022 with Regional Analysis and Key Industry Trends

Global tumor ablation market is expected to reach USD 1.5 billion by 2022, according to a new study by Grand View Research Inc. Rising prevalence of different forms of cancer and increasing technological advancements in the field of thermal ablation techniques are the most prominent drivers of the market. 

Besides the use of thermal ablation, techniques such as laser ablation, irreversible electroporation, High Intensity Focused Ultrasonography (HIFU) are also clinically growing, concurrently propelling the tumor ablation industry. 

Occurrence of lung, breast, and liver cancer is on the rise globally. According to the Center for Disease Control (CDC) and other organizations, currently, about 210,828 cases of lung cancer, 2.9 million cases of breast cancer, and over 2.7 million cases of prostate cancer are reported in the U.S. alone. 

In terms of technological advancement, companies such as SonaCare Medical are coupling ablation techniques with other technologies to improve accuracy, performance, and level of care. SonaLink, a remote patient monitoring platform, was put to use along with Sonatherm ablation system to enable physicians to enhance patient care experience, thereby promoting market growth. 

The industry is also anticipated to witness mergers and joint collaborations as a tool to curb rising competition. For instance, Boston Scientific Corporation acquired C.R. Bard Electrophysiology, which led to a 48.0% hike in profit for the former company.

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Further key findings from the study suggest:

• Microwave ablation technology is expected to be the fastest growing segment over the forecast period at a CAGR of over 15.0%. Reduction in the procedure time and low cost for treatment are some of the attributes favoring growth.
• In terms of treatment, surgical ablation is predicted to form the largest market by 2022 with about 35.0% share. Liver and lung cancer ablation require surgical procedures, and since these form the largest and fastest growing segments, they concomitantly propel surgical ablation growth.
• Lung cancer forms the most lucrative market and is anticipated to be the fastest growing segment over the forecast period. By 2022, it is expected to contribute about 15.0% of the revenue share owing to its rising prevalence rate across the globe.
• According to market forecast for 2022, North America is expected to dominate the market and Asia Pacific is anticipated to witness the fastest growth. Augmenting growth in the cancer prevalence and rising healthcare expenditure in regions such as China, Korea, and India are factors responsible for this rapid growth.
• Major players of the market include HealthTronics, Galil Medical Inc., Angiodynamics, Medtronic Plc. (Covidien), Boston Scientific Corporation, SonaCare Medical, Misonix Inc., EDAP TMS S.A., and Neuwave Medical Inc. To retain market leadership, players such as Medtronic are working towards acquiring other companies and expanding their portfolio. For instance, in January 2016, Medtronic acquired the OsteoCool RF Ablation System from Baylis Medical.

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Quality Management Software Market has very promising future thanks to the increasing investments

The global quality management software market is estimated to reach USD 12.63 billion by 2024, according to a new report by Grand View Research, Inc. The increasing advancement in the functionality of solution is anticipated to boost the industry growth over the forecast period.

Quality Management Software (QMS) is used to better manage and control quality concerns regarding performance, customer satisfaction, and competitiveness of the organization. This is done by the controlling processes as well as products for consistent quality assurance, reduction in the quality gap between manufacturing practices and end-product expectations, tracking of deviations, and ensuring compliances.

The QMS market is expected to witness a tremendous growth due to the increasing demand for the effective management of organizational processes and the need for meeting consumer expectations in a highly competitive market. The growing technology advancements in IT and telecom as well as the automation of the transportation and logistics industries are driving the market growth.

Quality management software offers numerous functionalities including the handling of non-conformances, out of specification test results, calibration, ensuring compliance, as well as a centralized system that ensures connection to organizations’ ERP and CRM systems. All these capabilities, coupled with the reduction in the costs, are energizing the adoption of quality management software across a wide range of industries.

The flexibility and mobility offered by the quality management software in solutions such as document control and non-conformances’ issue resolving are driving the demand for QMS software in large enterprises, contributing to the addition of new functionalities to the software every day. The increasing demand for cloud-based QMS solutions due to implied scalability and accessibility is a major factor for increasing the popularity of the quality management software.

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Further key findings from the report suggest:

• The cloud technology is becoming popular among cost-sensitive customers and small & medium enterprises. The numerous benefits that the cloud-based quality management software offers without incurring additional costs are helping the market grow. Quality management software is also being adopted by the small- and medium-sized enterprises.
• Globalization and the need for complying with international standards for products as well as processes have brought about the necessity of quality management systems to deal with the increased pressure of numerous regulations and directives. This is an important factor affecting the spread of versatile and customized quality management solutions across industries.
• MasterControl, Inc., Sparta Systems, Inc., SAP SE, and Siemens AG are some of the major industry players in this domain. Other key vendors include Aras Corporation, Arena Solutions Inc., Autodesk Inc., Dassault Systemes SE, PSC Biotech Corp., Oracle Corporation, Parasoft Corporation, Microsoft Corporation, and Hewlett-Packard Enterprise Co.

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Next Generation Non Volatile Memory Market holds a Huge Growth in upcoming years

The global next generation non-volatile memory (NVM) market is expected to reach USD 7.46 billion by 2024, according to a new study by Grand View Research, Inc. Increasing need for fast and economical storage solutions across diverse applications is estimated to drive industry growth over the forecast period.

Next Generation Non Volatile Memory is used for various applications such as enterprise, industrial and automotive to store and manage information, which is expected to augment market growth over the next six years. Increasing use of Next Generation Non Volatile Memory in mobile phones to enhance customer experience is expected to fuel market growth.

The increasing demand for wearable electronics and replacement of flash memory storage may provide new growth avenues to the Next Generation Non Volatile Memory industry. Low environment stability and high design cost may act as a restraint to market growth over the forecast period.

All common computing platforms from handheld devices to supercomputers use storage systems to store data permanently or temporarily. Smart cards store a few bytes of data and are expected to grow at a significant rate over the forecast period. Economical and efficient solution development is expected to be a critical success factor for industry players.

The Asia Pacific market is expected to grow at a considerable rate owing to increasing demand for smartphones and tablets. Additionally, presence of key market players in countries such as China, India, Japan and South Korea is also expected to positively impact the regional market over the forecast period.

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Further key findings from the study suggest:

• Efficient programming and eras ability options offered by MRAM product segment is predicted to impel industry growth over the next eight years
• Cache memory and enterprise storage was a major application segment in 2015 and accounted over 57% of the overall industry in the same year
• North America was estimated to be the key regional market in 2015
• Key industry participants include Samsung Electronics Co. Ltd., IBM Corp, Adesto Technologies, Crossbar Inc., Fujitsu Ltd, Toshiba Corporation, and Intel Corporation
• Toshiba along with SK Hynix are working on production of Next Generation Non Volatile Memory chips, which is expected to decrease power consumption and increase data transfer speed

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Future Trends in Material Handling Equipment Market with industries challenges

The global material handling equipment market is expected to reach USD 41.1 billion by 2025, according to a new report conducted by Grand View Research, Inc. The rise in manufacturing activities in the automotive, pharmaceutical, chemical, and food & beverage industries is projected to spur demand. The growing concerns for workplace safety are expected to remain a key driver.

The global material handling equipment market is anticipated to witness a high growth over the forecast period. This is accredited to the use of technologically advanced products, such as hydraulic components which are incorporated into this equipment. Furthermore, the integration of telematics solutions & tracking sensors into these products is expected to gain traction in the near future, thereby fueling the equipment sales. The rising espousal of automated storage and retrieval systems is expected to further catapult the equipment market growth over the next nine years.

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Further key findings from the report suggest:

• Automated storage & retrieval systems segment captured over 25% of the total revenue in 2015 and is projected to exhibit a significant growth at a CAGR of over 6.9% from 2016 to 2025. This growth is attributed to the surging espousal of automated equipment in warehouses and manufacturing centers
• On account of the wide scope of applications, these products aid in moving, protecting, and storing goods in warehouses. The e-commerce segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding 10.0%.
• Asia Pacific emerged as the fastest growing market and is expected to witness a healthy CAGR of over 7%, which is primarily due to the rising manufacturing activities in the developing countries of this region
• The key purveyors in this industry comprise Daifuku,SSI Schaefer,BEUMER Group, Kion Group (Dematic), and Swisslog AG.

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Technology Leader Driving Thermal Paper Innovations

The global thermal paper market is expected to reach USD 5.52 billion by 2025, according to a new report conducted by Grand View Research, Inc. The growing importance of POS, a primary tool of monetary transaction, in retail outlets, supermarkets, and warehouses as a result of technological advancement by CISCO is expected to drive market growth.
The emergence of supply chain management in the manufacturing sector as a key planning parameter for monitoring operational flow from raw material suppliers to buyers is expected to increase spending on labeling. This factor in turn, will promote the usage of thermal paper over the forecast period.
Lottery & gaming is projected to foresee volume growth at a CAGR of 5.2% from 2016 to 2025. The rising number of casinos and lottery machines in destinations including Macau, Singapore, Vietnam, Malaysia, and Mauritius as a result of increasing tourism spending amid the availability of attractive packages through e-commerce portals is expected to increase the requirement of thermal paper in the near future.

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Further key findings from the report suggest:

• MEA is projected to foresee revenue growth at a CAGR of 7.8% from 2016 to 2025. Population growth and rising disposable income in Saudi Arabia and UAE is expected to play a significant role in increasing the number of new supermarkets and consumer goods retail outlets. As a result, the above-mentioned favorable factors are projected to increase the demand for POS which, in turn, will have a significant impact.
• Thermal transfer technology generated a revenue of USD 1.11 billion in 2015. Manufacturers use the technology for manufacturing labels, tags, and tickets to provide multi-color images in the paper.
• Europe accounted for 28% of the global volume in 2015. The emergence of Europe as manufacturing hub for the production of dietary supplements and nutritional products in light of rising expenditure by prebiotics manufacturers such as Beneo (Belgium) and FrieslandCampina Domo (Netherlands) is expected to promote the use of labels and tags.
• Major manufacturers include Appvion, Oji Holdings Corporation, Ricoh Company, Ltd., Koehler Paper, PM Company, Siam Paper, Jujo, Mitsubishi Paper Mills (MPM) Limited, and Nakagawa.
• In April 2015, Jujo Thermal announced an investment of USD 7.7 million for enhancing the productivity and incorporating technology at its Kauttua Mill, Finland.

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Asia Pacific Region – One of the Dominant Market for Industrial Fasteners [2025]: Business Research Report

The global industrial fasteners market is expected to reach USD 134.20 billion by 2025, according to a new report conducted by Grand View Research, Inc. The growing demand for automobiles, electronics appliances, aircraft, industrial machinery, and medical equipment will drive product demand over the upcoming years. Furthermore, increasing government spending on infrastructure and machinery sector is expected to aid in the market expansion.
The usage of industrial fasteners in maintenance, repair, and overhaul (MRO) industry will foresee substantial revenue growth at a CAGR of 5.3% from 2016 to 2025. Rising MRO activities in various sectors including automotive, aerospace, electronics, construction, and electrical will increase market size. The growing requirement for enhanced efficiency from machines is anticipated to fuel the need for MRO activities, which in turn is expected to spur the industrial fastener demand over the upcoming years.

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Further key findings from the report suggest:

• The industrial fasteners industry is projected to grow significantly at a CAGR of 5.7% on account of their increasing application in automotive and construction industries in emerging countries such as China, India, South Korea, Brazil, Thailand and Saudi Arabia
• North America accounted for 20.9% of the global revenue share in 2015 and is projected to show growth on account of rising usage of the product in the aerospace and automotive sectors over the upcoming years. Moreover, the presence of the large automotive manufacturers, such as Chrysler, Dodge, Jeep, Ford, Chevrolet, Buick, Cadillac, and Lincoln, will drive demand over the forecast period.
• Other standard fasteners are expected to witness considerable revenue growth at a CAGR of 5.4% from 2016 to 2025 owing to increasing usage in various applications including medical equipment, electronics, industrial controls, furniture, and appliances
• Machinery OEM application is anticipated to show substantial growth over the upcoming years in light of increasing fastener usage in textile machinery, rubber, sugar machinery, metallurgical equipment, cement machinery, and dairy machinery. The market is estimated to be worth USD 24.69 billion by 2025
• The industry is highly fragmented and competitive in nature with small and large scale manufacturers in the U.S., China, Japan, Germany, and India. Dominant players include Nifco, ITW, LISI Group, Alcoa and Precision Castparts Corporation.
• In October 2016, ATF went into licensing agreements with EJOT for FDS, DELTA PT, FLOWpoint, and SHEETtracs. This deal is expected to help the company in providing high-performance light-weighting solutions.

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Textile Chemicals Market is expected to reach USD 25.24 billion by 2020

The global market for textile chemicals is expected to reach USD 25.24 billion by 2020, according to a new study by Grand View Research, Inc. High demand from key application markets including home furnishing and apparel are expected to be a key driving force for the market. The apparel industry has witnessed increased per capita consumption primarily in India, Brazil, China and Russia which is expected to result in increased demand for textile chemicals over the forecast period. However, environmental hazards associated with the use of these chemicals, resulting in an unfavorable regulatory landscape are expected to be a critical challenge for market participants.

Home furnishing was the largest application segment of the market, with demand exceeding 3,500 kilo tons in 2013. Apparel followed home furnishing applications, accounting for 26.0% of global demand in 2013 and is expected to witness fastest growth, at an estimated CAGR of 3.4% from 2014 to 2020. Growth is also expected to be high in emerging application segments such as industrial textiles, medical textiles and construction textiles.

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Further key findings from the study suggest:

• Global textile chemical market volume was 9,230.1 kilo tons in 2013 and is expected to reach 11,462.5 kilo tons by 2020, growing at a CAGR 3.2 % from 2014 to 2020.
• Asia Pacific was the largest regional market and is expected to be the fastest growing region over the forecast period, at an estimated CAGR of 3.5% from 2014 to 2020. Presence of large application industry, coupled with growing domestic textile consumption is expected to help the region maintain its dominance over the forecast period.
• Coating and sizing chemicals were the largest consumed textile chemicals, with market revenue exceeding USD 5.90 billion in 2013. Colorants were the second largest product segment accounting for 26.3% of the global market in 2013.
• The global textile chemical market is moderately consolidated with the top four companies accounting for just over 40% of the market in 2013. Clariant International and Hunstman Internation LLC were key players in the market together accounting for 25% of the market share in 2013.

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Market Outlook of Global Household Cooking Appliances Market Analysis and Foresight Report to 2024

The global household cooking appliances market size is anticipated to reach USD 116.82 billion by 2024, according to a new report by Grand View Research, Inc. A blend of numerous aspects such as increasing preference toward nuclear family set-ups, a high proportion of employed women, and induction technology being characterized by a higher degree of energy-efficiency as compared to conventional gas, is expected to drive growth over the forecast period.

Every cooktop has a lifespan beyond which its efficiency deteriorates; they need to be typically replaced after approximately 13-15 years. The constant need for newer replacements and increased demand from the youth for technologically advanced home appliances are anticipated to play a pivotal role in market growth.

The household cooking appliances market is expected to undergo various developments due to the changing consumer lifestyles, socio-economic factors, and macroeconomic factors. Macroeconomic indicators, such as the rising population, consequent increase in disposable income, and rising consumer awareness, are the key factors expected to influence the cooking appliances business favorably.

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Further key findings from the report suggest:

• Induction cooktops are anticipated to grow at a CAGR of close to 7% over the forecast period, which can be attributed to their high speed, better energy efficiency, enhanced safety, greater degree of control, and easy cleaning & maintenance as compared to their gas and electric counterparts
• Revenue from ovens is expected to reach over USD 40 billion by 2024. In the oven product segment, the revenue share of conventional ovens is expected to fall whereas microwave and combination ovens are expected to gain prominence
• Key participants are emphasizing on product innovation to differentiate themselves from their competitors; for instance, Electrolux AB launched a prototype for an in-oven cam, which is a built-in camera inside the oven to monitor food
• Key players are partnering with the leading food technology innovators to provide inbuilt automated cooking and digital recopies in their appliances; these companies are also partnering with operating system developers to connect their products with smartphones using the IoT technology
• Asia Pacific is expected to account for the highest revenue share by 2024 due to the rising disposable income of the population in emerging countries; South America is also anticipated to witness substantial growth

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Factor affecting the Growth of Digestive Enzyme Supplements Market in Future

The global digestive enzyme supplements market is expected to reach USD 1.6 billion by 2025, according to a new report published by Grand View Research, Inc. Growing consumer awareness regarding the severity of digestive disorders coupled with the need for good health is expected to stimulate industry growth over the forecast period. The increasing incidence of gastrointestinal tract diseases, such as irritable bowel syndrome, constipation, inflammatory bowel disease, and gastroesophageal reflux disease, has raised concerns towards stomach health, which in turn is anticipated to fuel product growth.
Digestive enzyme supplements have to comply with various regulatory bodies including the U.S. Food and Drug Administration, Dietary Supplement Health and Education Act of 1994, and Natural Health Products Regulations for manufacturing and use. Increasing number of gymnasiums and fitness centers in emerging markets including China and India on account of rising awareness towards muscle improvement and reducing fat content among individuals will propel product demand.

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Further key findings from the report suggest:

• Plant-based enzymes accounted for 41.3% of the overall revenue in 2015 and are expected to foresee considerable growth as these products aid in reducing acid indigestion, heartburn, reflux, and other digestive disturbances. Furthermore, the usability of these products across a wide range of pH levels is likely to expand their application.
• Europe is expected to observe substantial revenue rise at a CAGR of 7.3% from 2016 to 2025. Easy availability of the product owing to the presence of a large number of supermarket chains along with increasing awareness regarding gastrointestinal problems is expected to fuel market size over the next nine years.
• Central and South America is expected to foresee substantial growth owing to increasing prevalence of digestive disorders in the region. Increasing consumer awareness regarding the harm caused by the digestive system due to the lack of supplements and nutrients in the human body is anticipated to fuel expansion.
• The industry is highly competitive owing to the presence of various large and small scale manufacturers. Key players including Klaire Labs, National Enzyme Company, ProteoZymes, Metagenics, and Douglas Labs are focusing on increasing their industry share along with profitability through product innovation and empowering their R&D activities. Companies are increasing expenditure for the establishment of strategic partnerships with retail chain companies.
• In November 2015, Vox Nutrition launched a new private label digestive enzyme supplement, Digestion Enzyme Pro Blend. The product aims to enhance nutrition absorption, assist the body in breaking down difficult proteins, supports healthy digestion, and helps in relieving reactions of common food intolerances.

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Pharmaceutical grade silica gel market is projected to reach a market size of USD 71.05 million by 2025

The global pharmaceutical grade silica gel market is projected to reach a market size of USD 71.05 million by 2025, according to a new report by Grand View Research, Inc. The pharmaceutical grade silica gel market is expected to witness significant growth over the forecast period owing to the increasing demand for excipients.
Pharmaceutical grade silica gel is used in a various applications including desiccant, drug carrier, adsorbent, glidant, and other excipients. Excipients can be used in numerous forms in food, cosmetics, and medicine industries. They act as colorants, lubricants & glidants, binders, disintegrants, flavoring agents, capsules, solvents, coatings, preservatives, fillers & diluents, suspension and viscosity agents. Excipients are also manufactured for their consumption in the cosmetics & personal care and food industry, along with pharmaceutical industry.
Growing pharmaceutical industry has propelled the growth of drug production, which in turn, has increased the excipient consumption over the past few years. This is expected to be a major factor fueling the demand for pharmaceutical grade silica gel. Desiccant dominated the market for pharmaceutical grade silica gel globally. The other key applications include drug carrier, adsorbent, and glidants.

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Further key findings from the report suggest:

• Globally, adsorbent and glidant application segments are projected to witness significant volume growth over the forecast period, growing at CAGR of over 4% during the forecast period. This growth can be attributed to rapid growth from the overall pharmaceutical industry.
• Asia Pacific dominated the global pharmaceutical grade silica gel market in 2015 with an estimated revenue of around USD 17.10 million and is projected to grow significantly over the coming years owing to the increasing investments from the pharma sector. Emerging economies such as China and India are the key growth drivers in the region. Drug carriers widely used in the drug delivery process owing to its special features such as effective drug administration, selectivity and safety.
• Key participants in the pharmaceutical grade silica gel market include Clariant AG, E. I. du Pont de Nemours and Company, Evonik Industries, Solvay SA, and W.R. Grace and Company, Dow Chemical Company and J.M. Huber Corporation among others. In recent years, new product developments have been the major growth strategy adopted by key market players for strengthening their market positions.

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

Digitalization of automotive repair & component sales Driving Growth for Automotive Aftermarket

The global automotive aftermarket is expected to reach USD 486.36 billion by 2025, according to a new report by Grand View Research, Inc. Digitalization of automotive repair & component sales complemented by advanced technology incorporations in the automobile aftermarket component manufacturing is expected to boost the market growth. The surging reception of semi-autonomous, electric vehicles, and hybrid & autonomous cars, in the years to come, is further expected to bolster the new component market growth. The market can be categorized, based on replacement parts, into tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, and exhaust components.
The increasing vehicle penetration is driven by the overall improvement of lifestyle in the developing countries, such as India and Brazil, and is expected to drive the growth of the automobile industry in the region. Similar surges in the automotive manufacturing sector across various regions along with the increasing stringent emissions norms are expected to drive the growth of automotive aftermarket component sales over the forecast period.
The Asia-Pacific regional market is expected to be the fastest growing market for automotive collision repair services over the forecast period, owing to its developing living standards and high vehicle production. It is also anticipated to be the fastest-growing market in automobile production. With the growing penetration and acceptance of gas and hybrid electric cars, specialized repair centers dedicated toward repair of particular vehicles are expected to increase.
The global automotive aftermarket is expected to witness tremendous growth due to an upsurge in the number of vehicle collisions along with the inclination of owners toward repair of their automobiles.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/aftermarket-automotive-parts-market

Further key findings from the report suggest:

• The automotive aftermarket is estimated to grow significantly over the forecast period, owing to an increase in the number of lightweight vehicles coupled with the increasing age of the light vehicle fleet
• North America has a higher technology adoption rate, which is anticipated to result in faster and higher adoption of hybrid electric automobiles in the region as compared to the other geographies
• The global automotive aftermarket is anticipated to witness a phase change attributable to the growing proportion of specialized automotive collision repair centers that are dedicated toward serving specific vehicles such as alternate fuel powered vehicles
• The key industry participants include Magneti Marelli S.p.A., Continental AG, 3M Company, Federal-Mogul Corporation, Delphi Automotive PLC, Robert Bosch GmbH, and Denso Corporation.

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

Analysts Predict Lightning Growth for Global Animal Feed Enzymes Market

The global animal feed enzymes market is expected to reach USD 2.67 billion by 2025, according to a new report conducted by Grand View Research, Inc. Rising requirements for enhanced nutritional value and quality in meat & dairy products is estimated to provide significant scope for the consumption of key feed processing additives including enzymes, vitamins, and emulsifiers over the years ahead. Furthermore, growing consumer awareness regarding the vitality of animal protein intake is likely to play a crucial role in influencing the scenario of feed enzymes industry.

Phytases, carbohydrases, and proteases are the primary products used as enzymes that are utilized in different animal nutrition sectors including poultry, pigs, and ruminant. These products improve the performance of foodstuffs and make it easily digestible for the livestock categories.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/animal-feed-enzymes-industry

Further key findings from the report suggest:

• Central & South America and Middle East & Africa are likely to witness growth on account of significantly increasing livestock farming and breeding activities in major parts of both the regions. This scenario is estimated to reflect mainly in Brazil, Argentina, Chile, Venezuela, Egypt, South Africa, and Saudi Arabia.
• Carbohydrases, one of the major ingredients utilized in the animal feed industry, generated USD 149.3 million in 2015. These products help in the synthesis of carbohydrates into simple, digestible sugars.
• Proteases are rapidly gaining importance as key protein digestibility enhancers in animal foodstuffs & nutrition sectors, and the segment is expected to grow at a CAGR of 9.9% over the next nine years. In May 2014, Royal DSM N.V. launched a new product range of protease enzymes. This strategic move was implemented to keep up with the growing consumer requirements of animal proteins coupled with the rise in the meat consumption in developing nations.
• The industry is highly concentrated in nature owing to the presence of numerous manufacturers on a global as well as regional level. This, in turn, has intensified the competitiveness of the industry over the recent years. Furthermore, the leading feed enzyme producers including Danisco A/S, Royal DSM N.V., and Novozymes accounted for more than 50% of the total market in 2015.
• Other prominent players include BASF SE, ENMEX S.A. de C.V., Advanced Enzymes, Adisseo, Elanco, BioResource International, Inc., Beldem S.A., and AB Vista
• Various prominent manufacturers have integrated business operations across the global value chain. These players are not only into manufacturing value-added enzymes, but they also have a strong presence in raw material supply, product distribution, and end-use sectors.

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

Osteoporosis Drugs Finds Application in Pharmaceuticals Industry - Trends & Forecast By 2025

The global osteoporosis drugs market is expected to reach USD 16.3 billion by 2025, according to a new study by Grand View Research, Inc. An upsurge rise in the unhealthy lifestyle adoption has resulted in aggravation and increase in the prevalence of osteoporosis which is presumed to propel the osteoporosis drugs market during the forecast period.

In addition, growing number of patent expiries is fueling the high clinical urgency to use generic versions of the established drugs, which is presumed to fuel generic osteoporosis drugs market during the forecast period. The aforementioned factors cumulatively are slated to present the with high potential growth opportunities over the coming years.

Furthermore, rising number of initiatives to increase the awareness levels pertaining to osteoporosis care amongst the patients as well as the physicians is expected to widen the osteoporosis market growth potential during the forecast period. For instance, National Osteoporosis Foundation (NOF), a healthcare organization responsible for National Bone Health Alliance and Fracture Liaison Service (FLS) care coordination programs that focuses on elevating awareness levels as well as provides training to healthcare professionals

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/osteoporosis-drug-market

Further key findings from the study suggest:

• Branded drugs held the dominant share of the product segment in 2015. The dominant share can be attributed to extensive utilization of bisphosphates, rank ligand inhibitors for the treatment of osteoporosis, possessing high efficacy
• Generics are expected to witness at a lucrative CAGR owing to consistent patent expiries over the coming years as well as high clinical urgency for inexpensive medication in the emerging economies
• In 2015, North America accounted for the largest share in the global osteoporosis drugs market owing to the presence of established companies extensively involved in the commercialization of branded therapeutics
• Asia Pacific is anticipated to grow at an exponential CAGR as a consequence of favorable government initiatives promoting information pertaining to osteoporosis care
• The key participants are employing sustainability strategies promoting the adoption of osteoporosis therapeutics to gain competitive advantage. For instance, Actavis Inc. announced to acquire Warner Chilcott PLC in order to widen their product portfolio

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

Precision Farming/Agriculture Market Analysis by Component, by Technology, By Application, by Region & Segment Forecasts - 2025

The global precision farming market is expected to reach USD 10.70 billion by 2025, according to a new report by Grand View Research, Inc. Precision farming is an agriculture technique which enables the efficient farming and improves the productivity with the application of various technologies. The technology provides the sustainable management of the resources for enhancing the food productivity.
Data management developments along with the advancements of geo-location tracking help the farming to detect and optimize yield operating efficiencies. The technology advancements in the precision farming helps the farmers to get the appropriate information about the planting and harvesting. The factors such as enhanced and improved profitability and yield, cost and energy saving along with the governmental assistance has further fuel the industry demand.
Geographic positioning system (GPS) is projected to contribute majorly in the guidance systems technology segment from 2016 to 2024. The growth is attributed to the ability to assist agriculture service providers and farmers to automatically record the field data and apply the input to small areas within the larger field.
Yield monitoring is considered to be the majorly used application segment in the farming owing to ability to understand field variability and provide assistance in maximizing the yields. The segment provides the information about the soil properties, weather conditions, and fertilizers which further impact the grain production in a positive manner. Furthermore, the services segment is also projected to grow at a significantly over the forecast period.
Although, lack of awareness and high initial capital investments are anticipated to hinder the industry growth over the projected period. increasing government initiative for adopting the advanced agriculture technologies is expected to overcome the awareness issue over the forecast period.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/precision-farming-market

Further key findings from the report suggest:

• Precision farming are gaining traction in the market, owing to the increasing awareness for enhanced production and less wastage
• Variable rate technology is anticipated to witness significant growth over the forecast period, owing to the increased adoption of technology across the industry
• The Asia Pacific region is projected to witness enormous growth with the increasing adoption of advanced technology in the countries, which include South Korea, China, and Japan
• The prominent players of the precision agriculture market are Dickey-John Corporation, Precision Planting, Inc., Raven Industries, SST Development Group, Inc.

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

Diabetic Food: Global Market to Grow at High CAGR in Upcoming Years – 2025

The global diabetic food market is expected to reach USD 11.76 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for diabetic food in the medical sector is anticipated to fuel the market growth.

Rising health concerns and an uptrend in the occurrence of diabetes among youngsters, and health issues such as obesity, diabetes, and digestive disorders have prompted consumers to opt for such diabetic food solutions. Wide applications of diabetic food in healthcare sector including, insulin and medical food, are expected to positively the growth of the market over the forecast period of 2014 to 2025.

The diabetic food industry is governed by various regulations that cover the entire lifecycle ranging from production to end use. Diabetic products used in the healthcare industry need to strictly abide by the stringent U.S. FDA regulations. Health disorders are a result of unhealthy lifestyles such as long working hours, sedentary lifestyle, smoking, poor food habits and alcohol consumption and are anticipated to influence the industry growth over the forecast period.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/diabetic-food-market

Further key findings from the report suggest:

• The global diabetic food demand was USD 7 billion in 2015 and is estimated to grow at a CAGR of 5.4% from 2016 to 2025
• Demand in dairy application is estimated to exceed USD 3 billion by 2025, owing to its probiotic properties
• Baked products application segment is estimated to grow at a CAGR of 5.5% over the forecast period owing to the large demand of sugar-free baked products by health conscious consumers
• Product demand in Asia Pacific is expected to grow at a significant rate of 6.0% over the next nine years owing to the emerging economies and the growing investment in the medical foods sector
• Diabetic food industry in North America is anticipated to exceed USD 4 billion by 2025, owing to the growing medical sector and imbalance in work life and unhealthy lifestyle
• Companies such as Coca-Cola Company and PepsiCo Inc. offer raw materials including, dietary syrups, carbon dioxide, sweeteners, and juices, to various industries including, frozen foods, nutritional and functional foods, beverages, medical and processed foods.
• Business expansions by companies, such as Mondelēz International to establish global research, development & quality (RDQ) network of the future, is anticipated to strengthen the market presence over the coming years

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

Automotive Silicones Market – Global Analysis and Forecast 2014-2025

The global automotive silicones market is expected to reach USD 5.84 billion by 2025, according to a new report by Grand View Research, Inc. The growing awareness about lightweight materials used in automotive production is expected to drive the demand for silicones.

Automotive silicones are being used in a host of applications on account of their favorable properties such as resistance to corrosion, chemicals, heat and ultraviolet rays. Their ability to reduce the overall weight of the vehicle by the application in specific parts of the vehicle is expected to drive their market growth over the forecast period.

The industry is dominated by Asia Pacific due to the presence of a large number of automotive parts manufacturers and production facilities of silicone in countries such as China, Japan and India. Major automobile manufacturers such as Toyota, General Motors and Volkswagen are outsourcing their spare parts manufacturing operations to Asia Pacific on account of the low price of silicones.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/automotive-silicone-market

Further key findings from the report suggest:

• Resins are the fastest growing segment and are anticipated to witness a CAGR of over 8.5%, in terms of volume, from 2016 to 2025 on account of their effective binding ability on vehicle surfaces and high protection of the automotive finishes
• The interior and exterior parts was the largest application with a market share of over 35% in 2015 on account of the rapidly increasing application scope of lightweight materials in automotive body manufacturing
• The demand in Asia Pacific was valued atover USD 900.0 million in 2015 on account of significantly growing vehicle equipment manufacturing in China and India
• The market is highly consolidated with a few major companies dominating the industry. The key manufacturers include Wacker Chemie and Dow Corning.
• The industry participants are now establishing alliances with OEM manufacturers to strengthen their market position. Industry players are also investing heavily in R&D to develop sustainable products that provide them with a competitive edge in the future.

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

Impact of Existing and Emerging Legionella Testing Market

The global legionella testing market is expected to reach USD 352.6 million by 2025, according to a new study by Grand View Research Inc. The increasing prevalence of Legionella-related disorders, along with requirements of rapid diagnostic procedures, is expected to drive the industry growth.

According to CDC, the number of people suffering from Legionnaires’ disease was 4,548 in 2013. The incidence of pneumonia and related disorders is constantly rising due the contaminated environment. The rising incidence of Legionellos is will drive the market growth in the coming years, especially in the industrial sector.

The conventional bacterial testing is least preferred nowadays, since it is labor intensive and time consuming. Against the difficulties faced due to the conventional microbial testing methods, rapid automated tests are gaining popularity in the industry.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/legionella-testing-market

Further Key Findings From the Study Suggest:

• Water testing has been identified as the largest testing type segment in terms of revenue, due to increased water testing activities in various industries as a preventive measure to control infections
• Water testing has also been projected as fastest growing segment over the forecast period followed by IVD testing
• Among the types of water testing applications, microbial culture held the majority of market share in 2015 in terms revenue
• On the other hand, PCR is expected to be the fastest growing water testing type over the forecast period
• Urine antigen tests were identified as the largest IVD testing segment, while PCR is projected to be the fastest growing segment
• Key market players in Legionella testing market include Beckman Coulter, Inc.; Bio-Rad Laboratories, Inc.; Alere, Inc.; Roche Diagnostics; Thermo Fischer Scientific, Inc.; and Becton, Dickinson and Company (BD)

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

Biometrics technology market is expected to reach USD 59.31 billion by 2025

The global biometrics technology market is expected to reach USD 59.31 billion by 2025, according to a new study by Grand View Research, Inc. The increasing demand for biometrics technology across various applications is expected to favor the market growth over the next nine years. Biometrics technology is used by several verticals in private, public, and commercial sectors to overcome security threats. This is expected to fuel the market demand over the forecast period.
The increasing use of biometrics technology in consumer electronics, to enhance customer experiences, is expected to drive the market over the coming years. Implementation of biometrics technology for e-commerce applications may enable secure transactions and provide new opportunities to the market. High initial investments may hinder the industry growth over the forecast period.
The biometrics technology is extensively used for e-passport programs and to counter illegal migrations. Government and defense services are further expected to witness high growth over the forecast period. Biometrics technology can be used in banking and finance to increase efficiency and prevent frauds enabling the industry to grow at a significant rate over the next nine years.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/biometrics-industry

Further key findings from the study suggest:

• Transport/logistics emerged as a dominant end-use segment in 2015 and accounted for over 27% of the biometrics technology market in the same year
• Non-AFIS was estimated to be a considerable application segment in 2015 and accounted for over 38% of the overall industry revenue
• The Non-AFIS technology is used in various enterprises to enable authorized access, owing to its accuracy and efficiency. AFIS application is also expected to grow at a significant rate, owing to its use in fingerprint and palm identification for many civil applications
• North America was estimated to be the largest regional market in 2015 and is expected to grow at a considerable rate over the forecast period
• Biometrics technologies are used in various departments in the U.S., owing to their strict security standards. The Asia Pacific region is also expected to contribute, significantly, to the industry growth with the increasing use of the technology in countries such as India, China, and Indonesia
• The key market participants include NEC Corporation, Fujitsu Limited, Precise Biometrics AB, 3M Cogent, FaceFirst, and Hitachi

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

Analysts Predict Lightning Growth for Global MEMS Market

The global Microelectromechanical systems (MEMS) market is estimated to reach USD 28.84 billion by 2024, according to a new report by Grand View Research, Inc. The industry is expected to witness tremendous growth owing to increasing demand in consumer and automotive application segment.

The market for MEMS technology is gaining traction in automotive sector with increasing concerns for passenger safety and regulatory norms. MEMS devices such as pressure sensors, accelerometers, and others are used in cars for air bags, tire pressure monitoring, electronic stability control, and other safety features. Growing popularity of wearable devices is anticipated to be key driver for the industry over the next seven years.

Advancement in technology such as sensor fusion is expected to boost industry growth over the forecast period. Technology advancement has led to reduction in size of the devices, making it cost-effective, efficient, and compatible at the same time.

Calibration and accuracy issues may hinder market growth. Intense competition observed among industry participants is a key challenge, forcing industry players to keep the price low to remain competitive in the market.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/microeletromechanical-systems-market

Further key findings from the report suggest:

• Consumer electronics is the major segment and accounted for over 40% of the revenue in 2015. Consumer applications include household appliances, computer peripherals, sports training devices, personal navigation devices, and active subwoofers.
• Healthcare segment is estimated to hold high growth potential. The technology is used for medical research, diagnostic application, and in medical devices such as endoscopic pills and insulin micropumps.
• Government initiatives, rising healthcare expenditure, and technological advancements are anticipated to boost healthcare segment over the forecast period. Increasing preference of consumer towards home medical monitoring in order to reduce hospital cost and penetration of health monitoring wearable devices is estimated to trigger the use of the technology and open new avenues for the industry players
• Robert Bosch, Honeywell International, HP, STMicroelectronics, Texas Instruments, and InvenSense are some of the key companies in this domain. In January 2015, InvenSense, Inc. announced integrated motion sensor with multi-core processing that integrates 6-axis MEMS sensor, embedded flash, tri-core sensor hub, SRAM, and software framework
• Industry is anticipated to witness increase in number of mergers and acquisitions over the forecast period. Non-MEMS players, who are looking forward to enter into this market, are also anticipated to acquire niche existing players

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

Bio-based Polyethylene Terephthalate market is expected to reach USD 6.73 billion by 2025

The global bio-based Polyethylene Terephthalate (PET) market is expected to reach USD 6.73 billion by 2025, according to a new report conducted by Grand View Research, Inc. Growing demand for sustainable packaging solutions including bottles and cartons are expected to drive the demand for bio-based PET. The adoption of Kyoto Protocol in economies, such as Japan, Australia, and Canada, and the Montreal Protocol in the U.S. and Canada, are expected to further restrict the use of products contributing to GHG emission, thus, driving the demand for bio-based products such as PET.
Consumer goods are projected to witness growth at a CAGR of 11.2%, in terms of volume, from 2016 to 2025. Rising demand for eco-friendly packaging among personal care companies including P&G is expected to play a vital role in increasing the market size for bio-based PET in consumer goods.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/bio-based-polyethylene-terephthalate-pet-industry

Further key findings from the report suggest:

• Bio-based PET is used in the form of sheets, foams, and fabrics for automotive and electronics applications. High shatter resistance and light weight properties are expected to fuel bio-based PET demand for the manufacturing of internal and exterior automotive parts.
• Europe was the second largest market, which is likely to account for 27.1% of global volume by the end of 2025. Rising awareness about reducing greenhouse gas emissions in the manufacturing sector in accordance with the implementation of Horicon 2020 Strategy on a regional level is expected to remain a favorable factor.
• Central & South America is projected to be one of the most lucrative destinations for producing bio-based PET on account of abundance availability of sugar alcohol sources including corn and sugarcane in Brazil. In addition, rapid growth of soft drinks market in Brazil is expected to remain a key driving factor over the next nine years.
• Rapid industrialization across the Middle East is anticipated to drive the growth of various sectors such as construction, packaging, electronics, and automotive in the region which is expected to play a fundamental role in increasing the demand for bio-based PET over the next nine years. The market is estimated to be worth USD 241.6 million by 2025.
• The market is marked by the presence of few players including The Coca-Cola Company, Toray Industries Inc., Teijin Limited, M&G Chemicals, and Toyota Tsusho. Companies are focusing on research for the development of 100% PET, which is sourced from bio-based MEG and PTA.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-bio-based-polyethylene-terephthalate-pet

Advanced services and cloud-based technologies Demand growth for Third Party Logistics Market

The global Third Party Logistics (3PL) market is expected to reach USD 1.24 trillion by 2025, according to a new report by Grand View Research, Inc. The increasing outsourced-logistics functions availed by middle market companies to address their logistics challenges, are expected to positively impact the industry growth.

The domestic and global markets for outsourced-logistics services are continuously evolving toward advanced services and cloud-based technologies. The diligence related to logistics costs has led to an increased focus on the key concerns such as supply chain sustainability and security. Lowering of inventory costs is becoming a norm in the automotive and retail sectors, which is providing ample growth opportunities for 3PL providers.

Third party logistics providers are strengthening their relationships with freight providers to optimize their supply chain capabilities. They are also investing in contemporary IT solutions, commercial offerings, cloud-based solutions, and proprietary innovations to create a leading-edge approach. Though the economic conditions are varying across countries, significant improvements are visible in the key regions of Asia Pacific and North America.

3PL providers allow businesses to focus on their core activities such as R&D, manufacturing, and strategic planning, thereby relieving them from the daily burden of operational logistics issues. The key 3PL vendors use advanced applications and IT software, which enhance their distribution coverage and provide quality services to the customers. Omnichannel distribution has gained momentum in the past few years, primarily due to the increased penetration of e-commerce.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/third-party-logistics-market

Further key findings from the report suggest:

• The value added logistics services segment is expected to be the fastest-growing segment, owing to the increasing need for inventory management and improved cycle times
• The retail sector is expected to grow at a CAGR of over 7.5%; this growth can be attributed to the evolution of omni channel retailing and the need for data-driven analytics solution to manage fleet and warehousing
• Airways are expected to witness the fastest growth over the forecast period as consumers are willing to pay a premium price to receive products at the earliest
• The Middle East 3PL market is expected to reach a revenue share of over 8.5% by 2025, due to the increase in imports and exports and an upward trend in local manufacturing
• The key industry players include DHL, FedEx Corporation, C.H. Robinson Worldwide, UPS Supply Chain Solutions, and Kuehne + Nagel International AG
• Several organizations are transitioning toward 3PL vendors to deliver enhanced transportation management services for increased visibility and predictability

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

Factor affecting the Growth of Turkey Automotive Plastic Compounding Market in Future

Turkey automotive plastic compounding market is expected to reach USD 390.8 million by 2025, according to a new report by Grand View Research, Inc. Growing environmental concerns & stringent pollution control norms have compelled automotive OEMs to control emissions by utilizing innovative lightweight materials.

The country’s automotive production increased from 1.17 million units to 1.35 million units between 2014-15, thereby generating significant demand for compounds. Numerous companies and compounders across Europe have expanded their production capacities recently in order to meet burgeoning demand from automotive and other consumers.

Exclusive partnerships between OEMs and compounders are crucial for the industry to evolve in terms of supply chain efficiencies. Automakers are also attempting to accommodate increasing geriatric driver population by including safety features in reduced package space, and enhancing safety belt designs using plastics.

Polyamide (PA) compounds, particularly PA6 and PA66, which accounted for nearly 10% consumption, are extensively being used in automotive applications that include radiator tanks, engine covers, pedal boxes and various other components. To meet growing demand for PA, Epsan has increased its capacity in the country by nearly 45%.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/deep-brain-stimulators-dbs-market

Further key findings from the report suggest:

• Turkey automotive plastic compounding market was estimated at 102.39 kilo tons in 2015 and is projected to reach 183.80 tons by 2025
• Polypropylene compounds dominated overall consumption and accounted for 32% of the volume in 2015. These polymers are utilized in a wide range of components that include bumper fascia, interior trims, fenders, seating, door trims, boot liners and instrument panels.
• Polyethylene (PE) is expected to emerge as another fast growing product with 6.1% CAGR from 2016 to 2025. The plastic is most widely utilized to manufacture the exterior body and other electrical insulation components owing to low density, good toughness and chemical resistance
• Polyurethane (PUR), which is widely processed into flexible & rigid foams for seating, housing, interiors, and panels, is expected to occupy over 15% of overall volume by 2025.
• Under the hood components is anticipated to grow at a steady CAGR of 5.3% from 2016 to 2025. Polymer usage is expected to increase under the hood automakers rush to build small, fuel-efficient engines.
• Major companies operating in the industry include LyondellBasell Industries N.V., Elastron, Maskom Masterbatch & Compound Technologies, Tisan, Epsan Plastik and PolyOne Corporation, Kingfa, Ravago, Polytek, Interplast, SABIC, and Emas Plastik among others

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/turkey-automotive-plastic-compounding-market-analysis

Market Outlook of Global Malaysia Plastic Compounding Market Analysis and Foresight Report to 2025

The Malaysia plastic compounding market is anticipated to reach USD 1.09 billion by 2025, according to a new report by Grand View Research, Inc. Plastic compounds have gained wide acceptance in packaging & automotive industry owing to their advantageous characteristics such as durability and low cost.

Malaysia offers a lucrative, cost-competitive geographic location for investors intending to set up compounding facilities in the region. Such manufacturers are likely to have the added advantage of advanced technologies as well as inexpensive raw materials for product development. Innovative compounds such as PVC based copolymers to exhibit high penetration as a result of their non-halogenic, flame retardant & extrudable properties which makes them ideal for industrial applications

Polypropylene (PP) dominated the market with over 27% volume share in 2015. The introduction of bio-based PP polymers is also contributing significantly to sustainable growth in the industry. High flexural strength due to semi-crystalline nature has made it ideal for unique applications such as living hinges in packaging materials.

To request a sample copy or view summary of this report: 
http://www.grandviewresearch.com/industry-analysis/malaysia-plastic-compounding-market

Further key findings from the study suggest:

• PET is expected to emerge as the fastest growing product with over 7.4% CAGR on account of its high thermal & chemical resistance, light weight, low production cost and excellent durability
• The emergence of a strong middle class and subsequent rise in demand for consumer goods has driven plastics consumption in the packaging sector
• Innovations focusing on closure improvement to enhance safety features in consumer packages to be a prime driver for the packaging segment
• The electrical & electronics segment is expected to exhibit steady growth rate of 5.9% as a result of numerous expansion & diversification projects in the semiconductor industry, leading to high polymer consumption in insulative devices
• Rising consumer awareness regarding the benefits of low weight & fuel efficient polymers in vehicles is also projected to positively impact growth in the automotive segment
• Global companies are increasingly investing in Malaysia by boosting their existing production capacities & introducing new products. In January 2016, Polyplastics invested in expanding their compounding capacity by nearly 35 kilo tons  
• Influential companies operating in this market include Polyplastics Asia Pacific Sdn Bhd, Melchers Malaysia, BASF Sdn Bhd, The Inabata Group, Helistrom Sdn Bhd, Compounding and Coloring Sdn Bhd, Eveready Manufacturing Pte Ltd. companies among others

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/malaysia-plastic-compounding-market-analysis

Rapid Increase in Deep Brain Stimulators Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2020

Global deep brain stimulators market is expected to reach USD 1,592.9 million by 2020, according to a new study by Grand View Research, Inc. Increasing prevalence of Parkinson’s disease coupled with rising demand for cost effective & minimally invasive surgical procedures are the factors attributing towards the growth of deep brain stimulators market.  According to statistics published by Parkinson Disease Foundation, approximately 10 million people were suffering from this disease in 2010 and the number was anticipated to grow manifolds over the forecast period thereby contributing to the overall industry growth.

The significant increase in the adoption of DBS by neurologist for the treatment of Parkinson’s disease, essential tremors, obsessive compulsive disorder and Dystonia is expected to drive the market growth in coming years. Pending commercialization approval from the U.S. FDA for use of DBS in treatment of refractory epilepsy is also expected to boost the market growth in near future. Furthermore, introduction of technologically advanced selective current steering and fractionation of electric current is further expected to enhance the usage of deep brain stimulators in the near future.

To request a sample copy or view summary of this report, click the link below: 
http://www.grandviewresearch.com/industry-analysis/deep-brain-stimulators-dbs-market

Further key findings from the study suggest:

• DBS found wide application in Parkinson’s disease treatment and is expected to grow at CAGR of above 18.0% due to associated benefits such as fewer side effects, improvised motor symptoms for longer time period and tracking of momentary fluctuations.  In addition, shifting of preference from conventional oral medications to DBS, due to drug resistant nature of Parkinson’s disease is further expected to increase adoption of DBS over the forecast period.
• Obsessive compulsive disorder followed Parkinson’s disease in terms of revenue share due to failure of conventional serotonin reuptake inhibitors (SSRi) treatment and offered benefits such as adjustable & reversible stimulations, and nondestructive nature of treatment.  
• North America held the dominant share, accounting for over 50.0% in 2013. Presence of sophisticated healthcare infrastructure, increasing awareness levels of patients and healthcare personnel and supportive reimbursement policies are some of the key reasons driving growth of deep brain stimulators regional industry.
• Asia Pacific region is expected to be fastest growing market for DBS and grow at CAGR of over 18.0% during the forecast period. Constantly improving healthcare facility, presence of high unmet needs and rising expenditure levels are accounted for its significant growth.
• Key players of deep brain stimulators industry include Aleva Neurotherapeutics SA, Boston Scientific Corporation, St. Jude Medical, and Medtronic Plc. Increasing clinical applications of DBS systems and extensive R&D pertaining to development of advanced technology are the factors propelling industrial growth. Players are adopting competitive strategy such as new product development for sustaining the competition.

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