Key Factors Driving X-ray Photoelectron Spectroscopy Market

Global XPS (X-ray photoelectron spectroscopy) market is expected to reach USD 712.4 million by 2022, according to a new study by Grand View Research Inc. Growing application of XPS technology in different industries such as healthcare, semi conductors, aerospace, automotives, and electronics along with rising demand for research and development across all these industries is expected to drive the XPS market over the forecast period. In addition, rising popularity of hyphenated technologies and other technological advancements such as hard X-ray photoelectron spectroscopy (HAXPES) has prompted the growth of the X-ray photoelectron spectroscopy market. The ability of XPS to accurately identify contamination in the provided sample is also expected to contribute towards boosting usage rates. 

Rising demand for XPS technique for drug safety and medical research is expected to serve the market as a future growth opportunity. Presence of supportive government initiatives such as the “Safe Use Initiative” by FDA and “Drug Safety Information Survey” introduced by Health Canada for creating awareness regarding medical research and development are some notable examples likely to provide manufacturers with lucrative growth opportunities. 

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Further key findings from the study suggest:

• Element detection is identified as the most lucrative usage segment of the XPS market. Growing demand for hyphenated technologies, presence of extensive R&D conducted by pharmaceutical, semiconductors, electronics, and biotechnological companies are some factors expected to drive segment growth.
• Contamination detection is also expected to gain significant market share over the forecast period owing to its growing demand in applications involving drug safety and semi conductors.
• North America accounted for a share of over 40.0% in 2014 majorly on account of the presence of high demand for technologically advanced systems. Rising awareness levels of patients regarding their health, food and environment is also expected to boost regional market growth.
• Asia Pacific is identified as the fastest growing regional market. Presence of large unmet needs, introduction of suitable government initiatives to increase awareness levels and improving business environments in emerging economies such as China and India are some factors attributing to the region’s high market attractiveness.
• Key players of this market include Thermo Fisher Scientific, Kratos Analytical, V G Scienta, Evans Analytical Group, Intertek, Yokogawa, Kett and Mitsubishi Electric.
• Industry rivalry levels of the XPS market is expected to remain at a moderate level over the forecast period. Market players also engage in acquisition and consolidation exercises in an attempt to enhance product portfolio and geographic presence. 

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Business Prospects and Future Scope of Yeast Ingredients Market in Food & Beverages Industry

Global Yeast Ingredients Market is expected to reach USD 2.38 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer preference towards nutritional food consumption is expected to augment yeast ingredients market demand in the next six years. Food and animal feed manufacturers inclination towards use of specialty yeast products in order to enhance flavor is expected to further fuel market growth.

Yeast ingredients were majorly used in food application and are expected to dominate the market at a CAGR of 7.7% from 2014 to 2020. Hectic lifestyle coupled with increasing stress levels of individuals has resulted in rising consumption of healthy, nutritional and processed foods that is expected to be a key driver for market growth. Animal feed is expected to follow food application growing at a CAGR of 7.6% from 2014 to 2020.

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http://www.grandviewresearch.com/industry-analysis/yeast-ingredient-market

Further key findings from the study suggest:

• Yeast extracts are increasingly being used in food application as a replacement for MSG owing to health benefits and non-toxicity property. It is also used in vegetarian preparations so as to impart enhanced flavor to foods. Furthermore, yeast extracts are EPA approved for use in plant disease management. The segment revenue was USD 455.5 million in 2013 and is expected to grow at a CAGR of 8.1% from 2014 to 2020.
• Europe was the largest regional market in 2013 accounting for over 35% of global revenue share and is expected to grow at a CAGR of 7.4% from 2014 to 2020. Growing dairy industry coupled with high animal feed demand in the region is a key factor responsible for yeast ingredients market growth.
• Asia Pacific is expected to witness fastest growth at a CAGR of 8.4% from 2014 to 2020 owing to growing end-use industries including food & beverage, animal husbandry and pharmaceuticals. Improving living standards of middle class population in emerging economies of India and China has resulted in increased consumption of healthy and nutritional foods thus augmenting yeast ingredients market growth over the forecast period.
• Yeast ingredients market is highly consolidated with a few participants including Angel Yeast, DSM, ABF Ingredients, Kerry Group, Lesaffre Group, Chr. Hansen and Lallemand dominating the global scenario. The market participants are engaged in new product development along with introduction of new formulations with enhanced properties for use in various applications.

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Electronic Data Capture Systems Market: Opening Airways and Opportunities

The global electronic data capture (EDC) systems market is expected to reach USD 1.16 billion by 2025, according to a new study by Grand View Research, Inc. The rising demand for software solutions in clinical trials, increasing R&D expenditure by companies in healthcare, supportive government initiatives to boost trials, and increasing number of potential customers implementing Electronic Data Capture (EDC) systems are some of the key factors contributing to the market growth.

The market is growing rapidly owing to the technological advancements in eClinical solutions and this is anticipated to serve this industry with future growth opportunities. Furthermore, increasing awareness pertaining to EDC solutions is predicted to fuel the demand in near future. Moreover, government organizations such as Agency for Healthcare Research and Quality and The Office of National Coordinator for Health Information Technology are promoting the adoption of electronic systems for data management. The aforementioned factors have resulted in the rising adoption of electronic data collection by pharmaceutical companies.

Moreover, increasing adoption of EDC systems by major pharmaceuticals to propagate clinical trials is predicted to provide this market with lucrative growth. For instance, in May 2016, Simbec-Orion Group selected Oracle's product, the Siebel Clinical Trial Management System, to strengthen its development processes and to expand its international operations & business. The system will provide efficient data capture and speed up the trial timelines. The strategies like this are anticipated to boost demand in coming years.

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http://www.grandviewresearch.com/industry-analysis/electronic-data-capture-edc-systems-market

Further Key Findings From the Study Suggest:

• The software segment is predicted to witness lucrative growth owing to growing adoption by large pharmaceutical companies
• The cloud-based segment is anticipated to experience the fastest growth as it allows easy data access over remote locations and provides larger storage space
• Phase I clinical trials segment is expected to exhibit fastest CAGR over the forecast period as consequence of the rising R&D expenditure on the development of novel drugs by pharmaceutical companies
• CROs held the largest revenue share of EDC systems owing to rising demand from major players in the medical device sector
• Asia Pacific market for EDC systems is anticipated to witness highest growth rate owing to the presence of large number of outsourcing firms in this region offering cost-efficient eClinical solutions
• The market is facing intense competition as there are many organizations that offer technologically efficient solutions for clinical data management
• Companies are adopting strategies such as merger & acquisition, new product development, and distribution channel enhancement to gain competitive advantage

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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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Factors Driving the Iran Palm Oil Market in Coming Years

The Iran palm oil market is expected to reach USD 648.40 million by 2025, according to a new report by Grand View Research, Inc. Increasing usage in cosmetics and biodiesel industries has contributed to a significant portion of market revenue in recent years. The termination of Western sanctions followed by the agreement regarding nuclear issues has had a beneficial impact on Iran’s economy, attracting higher foreign investments in the country. Malaysia is negotiating a reduction of tariffs under a free trade agreement, which is expected to boost trade relations with Iran once again. The removal of the import quota has had an immense impact on the Iranian industry as well, further stimulating growth in recent years.

Lower palm product prices as compared to other vegetable products such as soybean, sunflower & groundnut has also led to higher substitution in the food & beverage, cosmetics, and biodiesel industries.

Crude palm oil (CPO) is expected to remain the dominant segment occupying over 88% volume share in 2015. Despite a decline in consumption levels in 2014, the product has witnessed steady recovery, gaining an edge over kernel products in the following years. CPO is widely used to derive other products such as RBD, which are then utilized in bakery, cooking and other non-food applications.

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http://www.grandviewresearch.com/industry-analysis/iran-palm-oil-market

Further key findings from the report suggest:

• The Iran palm oil market was USD 232.25 million in 2015 and is anticipated to reach USD 615.72 million by 2025
• Refined, bleached and deodorized (RBD) oil is anticipated to emerge as the fastest growing segment, derived from CPO, with a projected CAGR of 10.2% in terms revenue from 2016 to 2025
• RBD has multiple uses in the food and industrial sectors, serving as an ideal substitute to other expensive vegetable-based products
• Palm kernel oil (PKO) is expected to remain a dominant sub-segment of the kernel products market, occupying over 92% of the volume share in 2015
• The hydrogenated form of PKO is high in saturates and provides a good flavor release in ice cream & confectionery, leading to its demand in these food processing applications
• Cosmetics is anticipated to grow at a CAGR of 7.6% in terms of revenue. Growing awareness regarding personal grooming & beauty, along with the proliferation of advertising campaigns has impacted Iran’s cosmetics sector and introduced new avenues for growth.
• Key importers in the industry include Middle East Gold Star Co., Kala Gostaran Sabz Andish Co Ltd, Pars Vegetable Oil Co., Cargill, Golbarg Baharan, Savola Behshar Company, Jahan Vegetable Oil Company, Eghtsad-Andish Inc., Margarine Manufacturing Co. Ltd.
• Other companies such as Farayardehaye Roghanie Iran Co., KVSGS Co., AAK-AB, AL-Khaleej Industries Sdn Bhd, Golestan Dezful Cultivation & Industry Co., Narges Shiraz Vegetable Oil Co. also have considerable presence in the region

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Market Outlook of Global Sports Medicine Industry Analysis and Foresight Report to 2025

The global sports medicine market is expected to reach USD 12.5 billion by 2025, according to a new report by Grand View Research, Inc. Rising incidences of sports related injuries worldwide is anticipated to be high impact rendering driver for the lucrative growth of sports medicine market.

As per data published by the U.S. Consumer Product Safety Commission’s National Electronic Injury Surveillance System (NEISS) in 2012, around 1.9 million people encountered such injuries. Additionally, with aid of fitness awareness initiatives from government and health organizations, people nowadays are more focused on physical exercise including gym, outdoor sports and others fitness activities. With this people are more prone to injuries, hence contributing to the remunerative growth of market.

Additionally, influx of technologically advanced products such as minimally invasive surgical products is anticipated to increase the demand for these devices over the forecast period. For instance, in March 2015, Smith & Nephew launched Q-FIX implant which assists surgeon’s flexibility for all sutures anchors along with fixation and pull-out strength equivalent to large sized anchors.

Similarly, in May 2014 Smith & Nephew acquired ArthroCare, a medical device company based in the U.S. specialized in tissue repair devices. This acquisition helped the company to enrich its sports medicine product portfolio.

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

Further key findings from the study suggest:

• Body reconstruction and repair devices consisting of surgical equipment, soft tissue repair, and bone reconstruction devices held significant share in 2016 and also this segment is anticipated to exhibit lucrative growth rate over the forecast period.
• Knee-related applications held largest market share in 2016.The knee injuries are the most frequent in most of the games such as soccer, basketball, bicycle, and running which supported the dominion in application segment.
• In the therapeutic segment, cardiology, IVD, and drug delivery are the top performing segments. Rising incidences of cardiac failures, infectious diseases and high research activity in the field of drug delivery are certain vital impact rendering factors.
• North America, held commanding shares in global sports medicine market. Improved healthcare infrastructure and high healthcare expenditure are key factors responsible for growth. In addition, presence of organizations which are dedicated in field of sports medicine such as the American College of Sports Medicine (ACSM) facilitated availability of adequate and qualified staff.
• The key players of the industry include Stryker Corporation, Arthrex, ArthroCare, Tornier N.V., Wright Medical Technology, DJO Global, Otto Bock Healthcare, Ossur HF, Zimmer Holdings Inc., and Smith & Nephew Plc.

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VR in gaming market is Growing at a CAGR of around 30% by 2025

The global virtual reality (VR) in gaming market size is expected to reach USD 45.09 billion by 2025, according to a new report by Grand View Research, Inc. Increasing competitiveness among key players such as Microsoft Corp., Sony Corp., and Nintendo Co. Ltd. to launch VR-compatible consoles has triggered industry growth.

Virtual reality technology can enable gamers to indulge in an imaginary setting where the gamer’s physical presence is simulated to be a part of the three-dimensional environment. With VR equipment and accessories, the user can view, move around, and even interact with the objects within the game. Several start-ups are developing prototypes for using the virtual reality technology in video games, which is expected to impact the growth favorably over the years to come.

Gaming consoles are expected to emerge as the most favored devices for playing games equipped with VR technology on account of the presence of efficient processors as compared to desktops and smartphones which may not match the immersive simulation experience provided by a console dedicated to playing games.

Lack of awareness about VR technology in games, high initial investment, compatibility issues of virtual reality devices with consoles, spatial discomfort and the risk of other physical and mental ailments may pose a challenge to the otherwise growing industry for VR technology in video games.

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http://www.grandviewresearch.com/industry-analysis/virtual-reality-in-gaming-market

Further key findings from the report suggest:

• Growing at a CAGR of around 30% during the forecast period, by 2025, the hardware segment is expected to account for a majority of the revenue a share
• In 2015, the estimated size of the software segment was around USD 2 billion
• Demand for VR accessories such as head mounted displays, motion sensing devices, treadmills, gloves, masks, backpacks, and bodysuits is expected to witness robust growth
• Demand for virtual reality hardware is expected to increase drastically once the consumer versions are readily available
• Smartphones are expected to be the fastest growing device segment during the forecast period
• In 2015, the U.S. VR in gaming market accounted for the largest revenue share; however, China is expected to emerge as a key regional market by 2025
• The Latin America and the MEA regions are projected to experience the fastest growth which may be attributed to rising awareness and demand for the technology in the coming years
• As the technology is fairly new, a significant proportion of VR accessories and wearables are currently in the development stage; the Head Mounted Displays (HMDs) launched by Oculus VR, LLC, and HTC Corporation in 2015 and 2016 are popular among consumers
• Leap Motion Inc., Razer Inc. VirZoom Inc., and Virtuix are prominent companies developing wearables such as motion sensing devices, treadmill, and gloves

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UV Curable Inks Market has very promising future thanks to the increasing investments

The global UV curable inks market is expected to reach USD 5.13 billion by 2024, according to a new report by Grand View Research, Inc. Ultraviolet curable inks are increasingly substituting various solvent-based inks in automotive, packaging and publishing applications owing to low environmental impact and high performance efficiency.

Technological innovations related to the use of UV LED systems to enable curing of inks are expected to enhance quality, which in turn is expected to propel demand over the forecast period. Additionally, efficient air-cooling techniques have also lowered the amount of technological infrastructure and equipment required to support the curing process, thus saving energy and improving cost efficiency.

Growing demand for inks in printing application is expected to be the key driver for UV curable ink market over the forecast period. Furthermore, faster drying times coupled with high saturation properties of the product enables use over rigid surfaces, thus promoting application in printing. However, the high cost of the product as compared to its counterparts is likely to restrain market growth over the next eight years.

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http://www.grandviewresearch.com/industry-analysis/uv-curable-inks-market

Further key findings from the report suggest:

• Free radical UV curable inks accounted for over 90% of the revenue share in 2015.High flexibility coupled with increased depth of cure and low cost are expected to drive demand over the next eight years. However, the growth is limited by the emergence of cationic technology providing improved adhesion properties as compared to free radical inks.
• Publication application of ultraviolet curable inks accounted for the largest revenue share in 2015, and this trend is expected to continue over the forecast period owing to rising need for environment-friendly ink in this sector. However, growing electronic content replacing publication printing is likely to limit growth over the forecast period.
• Packaging industry application in the market is expected to witness the fastest growth, at a CAGR of over 12% from 2016 to 2024. Growing demand for low migration UV cured inks in food& beverage as well as other consumer goods packaging is likely to augment growth over the projected period. Furthermore, stringent regulations restricting the use solvent based inks in packaging application owing to its VOC content is expected to promote demand for UV curable inks.
• Asia Pacific accounted for the largest revenue share, of over 50% in 2015. The region is also expected to witness the highest growth, owing to rising demand for publication and packaging. Furthermore, rising demand for medical device manufacturing technology is expected to augment growth over the forecast period.
• Key players in the industry include Hewlett & Packard Company, RUCO Druckfarben,Toyo Ink SC Holdings Co., Ltd., T&K Toka Corporation, NUtec Ink, Marabu Co., Mimaki Global, Superior Printing Inks, Armstrong World Industries Inc., Heraeus Noblelight, Bordeaux Digital Printink, Roland DGA, Changzhou Dobest International Trading Co. Ltd.

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Market Outlook of U.S. Ingredient Industry Analysis and Foresight Report to 2025

The U.S. ingredients market is anticipated to reach USD 42.6 billion by 2025, according to a new report by Grand View Research, Inc. Shift in consumer preferences towards environment-friendly and natural products has forced the ingredient manufacturers to focus more on research & development of naturally extracted, with minimum processing and nutrient rich ingredients.

To fulfill the evolving product demand along with compliance to stringent regulatory frameworks in the U.S., manufacturers have been focusing majorly in technological development, such as the enzyme-catalyzed technology. The main advantage of this process is that it produces minimal wastage during product processing. Another instance would be introduction of the micro-encapsulation technology, a novel process designed and triggered for the enhancement of constituents’ shelf-life and influence of these products on the finished products.

The regulatory trends are more favorable for the natural and green ingredients in comparison to the synthetic ones. The major concern in the region is regarding the formulation process of organic raw materials with the minimal utilization of petrochemicals, adhering to the regulatory requirements.

The industrial ingredients were the largest end-use category in 2015 and is expected to grow at a CAGR of over 4.0% from 2016 to 2025. Significant requirements from metalworking fluids, specialty coatings, and lubricant additives sectors have contributed to the market penetration in the sector.

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http://www.grandviewresearch.com/industry-analysis/us-ingredients-market

Further key findings from the report suggest:

• The U.S. natural packaged food & bakery ingredient market accounted for around 68% market share in 2015. The segment is anticipated to gain substantial share in the next nine years owing to growing health awareness and change in bakery and packaged food consumption trends in the region.
• In the homecare segment, specialty natural ingredients market is expected to reach USD 276 million by 2025 with a projected growth rate of 5.8% over the forecast period. High demand for customized chemicals such as rheology modifiers and various novel detergent blends which are utilized during manufacturing different natural home care products.
• Shift in the consumption trends towards natural and allergen free products is projected to propel the natural ingredients segment in the personal care market over the forecast period. The segment generated revenue exceeding worth USD 1,950 million in 2015.
• Key players including BASF, DuPont, PPG Industries, Sherwin Williams, Arkema, Evonik and Ashland Inc. account for approximately 48% of sales value in the region. Acquisitions continue to concentrate on the manufacturing and the supplier base.
• Some of the recent launches in the market include BASF’s 10% Beta Carotene Colorant, a novel ingredient for nutrition-rich, food & beverage end use products. The company has developed this product specially targeting formulators that are in search for a replacement for Azo dyes yellow 5 and 6 in soups, beverages, and nutrition & confections products.

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Calcium Carbonate: One of the Booming and High Growth Market in North America

The North America calcium carbonate market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand.

The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment.

Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is harmful to human health. These factors are likely to hinder the market growth.  Issues regarding limestone mining are expected to pose a major challenge to manufacturers.

Industry rivalry is supposed to be high as market participants focus on process innovation to develop new products that will satisfy the demand of already existing large application base. Key market players owing to their global presence are expected to account for over 35% of global demand. Market participants have focused on establishing on-site production facilities mainly to supply high quality precipitated calcium carbonate (PCC) to paper mills. New product innovation to play a key role.

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http://www.grandviewresearch.com/industry-analysis/north-america-calcium-carbonate-market

Further key findings from the report suggest:

• Paper segment of calcium carbonate industrial fillers is the largest & fastest growing segment. Its demand was 6,700.2 kilo tons in 2015
• Mexico calcium carbonate demand to grow at an estimated CAGR of 4.9% from 2016 to 2025
• Citric acid production will also foresee growth prospects to reach a market valuation of USD 1,095.9 million by 2025
• Presence of key market players and limestone quarries are likely to support the market growth for the calcium carbonate industry in the U.S.
• Changing lifestyle and growing industrialization are expected to drive the Canadian market
• Key market players include Imerys Pigments, Parchem Fine & Specialty Chemicals, Omya, and Mineral Technologies, Inc., etc.

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Business Prospects and Future Scope of Algae Biofuel Market in Chemical Industry

The global algae biofuel market is expected to reach USD 10.73 billion by 2025, according to a new report by Grand View Research, Inc. Depleting fossil fuel resources as well as rising awareness towards environment protection is expected to be the key factor for driving industry growth.

Algae has the ability to offer 2 to 20 times higher yield than existing biofuel feedstock including corn Stover, corn, sorghum and beet which is likely to open new avenues for the industry growth over the projected period. Increasing R&D conducted by numerous startup companies as well as various oil & gas majors, and university-led research consortiums are expected to propel production of the over the projected period. However, technological challenges and high capital investment in algae biomass and fuel production are expected to limit the industry growth.

Growing demand for low cost, reliable and sustainable energy sources to ease acute vulnerability to petroleum supply chain and meet the rising fuel demand by automotive and aviation sector is expected to have a positive impact on the industry growth over the forecast period. The industry is experiencing three major hurdles including maintaining algae biomass cultivation consistency across various regions and climates, high water demand for algae production and lack of technology innovation to commercial scale up. As a result, the market is expected to foresee regional partnerships and collaborations to capitalize the production and technology exchange for large scale productions.    

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http://www.grandviewresearch.com/industry-analysis/algae-biofuel-market

Further key findings from the report suggest:

• Transportation is expected to dominate the algae biofuel market accounting over 70% of the overall demand by 2025, owing to its high potential to replace diesel and gasoline in automotive vehicles
• In Europe, the demand for the product in transportation application is expected to grow at a CAGR of over 12% from 2018 to 2025. High demand for biodiesel in the European countries owing to the government regulations and high adoption rate in the region is expected to propel industry growth.
• North America is expected to be the largest market accounting over 30%, owing to high investment by the start-up companies and the U.S. government to support renewable energy sector over
• Asia Pacific is expected to grow at a CAGR of over 8% to reach the revenue of over 2 billion by 2025, owing rapid technological advancements and low raw material costs in the region
• In 2010, the U.S. based Solazyme, Inc. delivered over 36,000 liters of 100% algae-derived biofuel to the U.S. Navy, for testing and certification purpose, which was seen as key step towards product commercialization
• The major players in the algae biofuel industry include Algenol, Blue Marble Production, Solazyme Inc., Sapphire Energy, Culture Biosystems, Origin Oils Inc., Proviron, Genifuels, Algae Systems, Solix Biofuels, Algae Production Systems and Reliance Life Sciences

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Global Glycols Market is Growing at a Rapid Pace - Market Analysis and Forecast to 2025

The global glycols market value is anticipated to exceed USD 47.2 billion by 2025, according to a new report by Grand View Research, Inc. The rising HVAC demand for advanced and high quality heating and cooling systems is expected to be a key factor steering the growth in the coming years.

Glycols include ethylene, propylene and its derivatives are predominately used in the automotive sector as engine antifreeze and coolant products with lower freezing points. The growing product demand in key end-use industries including food & beverage, textiles, medical, and aerospace are expected to increase the consumption globally. Heavy industrialization in countries such as Japan, China, and India have contributed significantly to the glycols demand over the recent past.

Heating, ventilating, and air conditioning (HVAC) sector dominated the global consumption with demand exceeding 4,100 kilo tons in 2015. Textiles accounted for over 12% of global revenue in 2015. Stringent chemical disposal regulations in the North American and European region have contributed to this demand in the recent past and are expected to continue the trend over the forecast period.

Growing R&D initiatives by key participants coupled with technological advancements to discover novel diol products with higher efficiency level and durability are expected to create new opportunities for the industrial applications.

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http://www.grandviewresearch.com/industry-analysis/glycols-market

Further key findings from the report suggest:

• The global glycols demand was exceeded 19,300 kilo tons in 2015 and is estimated to grow at a CAGR of 4.6% from 2016 to 2025
• Ethylene glycols dominated the global product consumption while accounting for over 83% of the total market value in 2015
• Asia Pacific is expected to witness the largest growth in next nine years and is expected to grow at an estimated CAGR of 5.0% from 2016 to 2025. Key participants and regional local players are adopting expansion and merger strategies to increase its manufacturing capacity and gain higher profits. 
• The U.S. propylene glycol demand is estimated to reach a net worth of USD 653.6 million by 2025 at a CAGR of 5.9% from 2016 to 2025
• Monoethylene glycol (MEG) demand in Europe was over 3,950 kilo tons in 2015 and is estimated to grow at a CAGR of 4.2% over the forecast period to reach a total volume exceeding 5,680 kilo tons by 2025
• Major multinational companies including BASF, Dow Chemical Company, Royal Dutch Shell, Huntsman International LLC, SABIC, AkzoNobel, DuPont, and Reliance Industries dominated the global glycol market.

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

The global thermometer market is expected to reach a value of USD 1.5 billion by 2025, based on a new report by Grand View Research, Inc. Growing number of medical conditions requiring accurate measurement of body temperature for deciding the treatment options is expected to enhance demand for thermometers over the forecast period. High prevalence of diseases such as malaria, swine flu, and dengue, which can be diagnosed primarily by observing body temperature is estimated to provide potential growth opportunities for this market in developing countries.

In addition, requirement for maintenance of an environment of specific temperature in various industries such as food, chemicals, and pharmaceuticals is another high rendering driver resulting in increasing demand for digital and infrared temperature measuring devices. Development of devices with technological advancements for accurately measuring minute temperature differences is expected to be a growth booster for this industry. For instance, the Exergen TAT-2000C can be used to measure body temperature by just rolling the device tip over the child’s forehead.

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

Further Key Findings from the Study Suggest:

• The mercury-based thermometers segment dominated the overall market in 2016 in terms of revenue share owing to factors such as growing demand for accuracy in temperature measurement and ease in handling
• Digital thermometers held more than one-third of the market share in 2016 in the mercury-free segment due to benefits such as cost-effectiveness, easier analysis of temperature to a tenth of a degree, and beep indication after temperature fluctuations
• Other types of mercury-free thermometers such as disposable ones, temperature strips, and gas thermometers are expected to be fastest growing and are collectively expected to grow at a lucrative CAGR
• In term of applications, medical fields including hospital, clinics, and primary healthcare centers dominated the overall market in terms of revenue share as of 2016
• On the other hand, the industrial application segment is expected to showcase lucrative growth over the forecast period as pharmaceutical, chemical, and biotechnology industries require specific temperature maintenance during various stages of product development
• To avoid contamination and degradation of food & beverages and retain the quality of temperature-sensitive eatables, maintenance of a specific temperature is required. Thus, thermometers have applications in the food industry too
• Increasing number of health-conscious consumers, established healthcare infrastructure, and increasing demand for disposable thermometers are the key factors attributing for highest revenue generation of the North American region
• The Asia Pacific regional market is expected to register significant growth over the forecast period with CAGR of 8.3% owing to emerging economies, growing base of target population, and growing concern for personal health
• Some of the key players in this industry include Exergen Corporation, Omron Healthcare, Inc.; TERUMO CORPORATION, Citizen Systems, 3M (Nexcare), Innovo Medical, RADIANT INNOVATION INC., Good Neighbor Pharmacy, and Fairhaven Health, LLC.

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

Profitable Advantages of Investment in Rat Model Market

The global rat model market is expected to reach USD 845.0 million by 2025, according to a new report by Grand View Research, Inc. As of 2016, outbred type of rat model is commonly utilized for research and educational activities within the healthcare domain. However, advancement in production technologies is expected to boost growth of knockout and conditioned rats.

The production technologies for aforementioned type of model are recent in nature and can be traced back to 2008, post the development of mobile DNA technology. The first knockout model was introduced in 2009 using Zinc Finger Nuclease (ZFN) method, which led to an advancement in the field of rat models. Other tools for genetic editing are Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR), homologous recombination, and N-ethyl-N-nitrosourea (ENU) mutagenesis.

Furthermore, supportive infrastructure and technology coupled with growing incidence of chronic conditions & genetic mutation amongst human species are expected to extend higher applicability for research purposes, thereby boosting growth.

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http://www.grandviewresearch.com/industry-analysis/rat-model-market

Further key findings from the study suggest:

• Outbred is expected to dominate the type segment for rat model market. Presence of numerous outbred type and higher applicability of these to mimic human diseases is anticipated to support growth over the forecast period.
• Microinjection is anticipated to witness the fastest growth over the forecast period owing to faster development of the models and reduction in breeding time. Similarly, development of newer technology within the other segment is expected to propel growth.
• Based on services, the rat model market is predicted to witness higher revenue contribution by breeding process. Cryopreservation is anticipated to witness fastest growth over the forecast period.
• Rising production of conditioned rats for behavioral studies and growing R&D within neurological application is expected to support lucrative growth of rat model. Other application expected to support growth include cardiovascular disorders, diabetes, obesity, and renal disorders.
• The key market players of the industry include Covance Inc.; Envigo; Charles River Laboratories International, Inc.; Horizon Discovery Group plc.; TransViragen, Inc.; Javier Labs; and others. Mergers & acquisitions are expected to strengthen company capabilities. For instance, Horizon Discovery Group plc. accomplished the aforementioned goal by acquiring SAGE Labs, Inc. in 2014.

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Market Growth Estimation of the Voice Recognition Market by 2024

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

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

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http://www.grandviewresearch.com/industry-analysis/voice-recognition-industry

Further key findings from the study suggest:

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

Browse Press Release of this Report: http://www.grandviewresearch.com/press-release/global-voice-recognition-industry

All Things you want to Know About Vietnam Animal Feed Market

Vietnam animal feed market size is expected to reach USD 10.55 billion by 2022, according to a new report by Grand View Research, Inc. Shift in trend towards consumption of poultry and cattle meat is expected to remain a key driving factor for Vietnam animal feed market. Historically, domestic consumers were depended largely on pork meat to meet nutritional requirement. Advent of increasing per capita disposable income level has transformed this shift in trend which has propelled animal feed demand in the nation. 

Increasing investments particularly in R&D are expected to drive production sustainability over the forecast period. Even though domestic production is expected to rise, the market faces challenges in the form of imports. Most of the animal feed consumed in Vietnam is sourced through imports from neighboring ASEAN nations. 

Fodder was the leading product segment and accounted for over 85% of the total volume in 2014. Industrialization of livestock breeding has led to significant change in animal feed patterns, which were predominantly based on grazing and plant feed in pastoral regions. This factor is expected to drive fodder growth over the forecast period. Fodder is also expected to witness the highest gain in its market size over the forecast period. 

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http://www.grandviewresearch.com/industry-analysis/vietnam-animal-feed-market

Further key findings from the report suggest:

• Vietnam animal feed market demand was 15,829.3 kilo tons in 2014 and is expected to grow at a CAGR of 6.4% from 2015 to 2022.
• Poultry was the leading livestock and accounted for over 39% of total volume in 2014. Incidences of disease outbreaks such as bird flu, fowl pox and avian influenza have driven demand for improved quality in poultry feed products. Incorporation of various immune boosting feed additives is also expected to drive its growth.
• Circular 50/2014/TTBNNPTNT published by Ministry of Agriculture and Rural Development (MARD) in December 2014, has established revised standards and regulations for animal husbandry and animal feed industry.
• The Vietnam animal feed market share is largely dominated by large multinational corporations with immense investments in the poultry, cattle and pork meat sectors. The industry is gradually moving towards consolidation with domestic manufacturers gaining strong foothold. Charoen Pokphand was the leading company with just below 20% of the market share in 2014. 

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Vein Illuminator Market: Opening Airways and Opportunities

The global vein illuminator market is expected to reach USD 358.5 million by 2024, according to a new report published by Grand View Research, Inc. The vein illuminator market is anticipated to witness a lucrative growth during the period 2016 to 2024. The factors contributing towards the growth of the market are the growing aging population and the efforts channelized towards improving patient satisfaction. Additionally, factors, such as the demand for technologically advanced medical equipment and the rising research and practical applications are expected to be opportunistic for the industry growth. However, the prevalence of traditional methods owing to the high costs of the vein illuminator devices is likely to hinder the growth of the market in the near future.

The vein illuminator market is segmented on the basis of technology, application, end-user, and region. Based on technology, the market is further categorized into transillumination, infrared technology, and ultrasound. The near-infrared illumination technology is estimated to be the largest shareholder due to its ability to penetrate deep into the tissue, which makes it possible to visualize the vessels clearly.

On the basis of application, the market is segmented into intravenous access and blood draw. The end-user segment comprises hospitals, rehabilitation facilities, blood donation camps, and academic institutions. The market for hospitals is expected to grow rapidly during the forecast period due to a surge in the demand for technologically advanced medical equipment. The market is also categorized into North America, Europe, Asia Pacific, MEA, and Latin America.

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http://www.grandviewresearch.com/industry-analysis/vein-illuminator-market

Further key findings from the study suggest:

• In terms of market share, the North America vein illuminator market is expected to hold majority of the share in 2016. Factors resulting in the growth of this industry are the steady preference for highly-advanced medical devices by hospitals as well as the presence of several medical device manufacturing companies in the region.
• The infrared illumination technology is estimated to lead the industry due to its deep penetration capability into thick tissues tohighlight the presence of vessels with increased clarity. Based on application, the segment for intravenous access is estimated to be the largest shareholder, followed by the blood draw segment.
• The vein illuminator industry comprises several local as well as global players. Some prominent players in this industry include Accuvein, Inc., Christie Medical Holdings, Inc., Infrared Imaging Systems, Inc., Translite, LLC, and Venoscope, LLC,among others. In order to hold a major share in the industry, the companies are adopting both organic as well as inorganic strategies. The major strategies adopted by the companies are new product development, mergers, collaborations, partnerships, geographical expansions, and acquisitions.
• The companies are also focusing on research and development activities in order to enhance their product portfolio. For instance, in September 2015, Accuvein, Inc., declared its 26th patent, which was issued by the United States Patent and Trademark office for their vein visualization system.

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Future market status of the Food Can Market in Europe

The Europe food can market size is expected to reach USD 12.56 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for processed eatable products by the consumers in the region is expected to drive the industry growth.

The buyers in the market are major food processing companies such as Westmill Foods and Nestlé S.A., which lay high emphasis on can quality and order high product volumes. In addition, the aforementioned companies are also involved in extensive can design customization in accordance with the product being packaged.

The industry for the product in the region is expected to exhibit limited growth on account of increasing market maturity. The economies in the region exhibit a high penetration of the metal packaging in the processing industry, leading to a limited market growth. In addition, high demand for plastic and paper-based packaging for food products is expected to limit the growth.

The industry growth is restrained by the price volatility of raw materials such as steel and aluminum sheets. The demand for the product is expected to witness limited growth on account of severe regulations enacted by the European Commission such as banning the use of BPA in the cans that come in direct contact with eatable products.

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http://www.grandviewresearch.com/industry-analysis/europe-food-can-market

Further key findings from the report suggest:

• Aluminum food can segment is expected to grow at a CAGR of over 2% by revenue, from 2016 to 2025 on account of superior properties offered by the products such as strength and better barrier protection
• Pet food is expected to emerge as the fastest growing application segment with a CAGR of over 2% by volume, from 2016 to 2025 driven by rising concerns of the pet owners towards the health and hygiene of the pets
• The demand for the product for packaging fish is estimated to account for over 17% of the market in Europe in 2015 due to consumption of ready to eat fish products for superior taste and additional nutrition
• The industry in the UK was estimated at over 12% of the European market due to high dependency of the consumers on packaged food products. In addition, initiatives undertaken by food processors in the economy for introduction of new products is expected to drive demand
• Key manufacturers in the industry are involved in extensive product customizations and operate high production capacities to serve the needs of major consumers Mergers & acquisitions serve as major growth strategies for the manufacturers

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

Key factors that drive and impede the growth of World Medical Waste Management Market

The global medical waste management market is expected to reach USD 33.4 billion by 2025, according to a new report by Grand View Research, Inc. The development of innovative manufacturing techniques in pharmaceuticals, medical devices is growing with rapid pace. The rise in hospitals, multispecialty clinics and diagnostic centers that require large number of inventories for day to day functioning is also leading to generation of more waste. Thus, overall growth in healthcare industry coupled with rising patient population requiring prolong medical and surgical aid is fueling the market growth.

Rapid growth in initiatives by government to support and raise funds in effective waste management is anticipated to drive the market growth. These programs are conducted for creating awareness regarding the importance of systems for proper waste disposal. Additionally, taking steps to set standards and guidelines for the same is anticipated to propel the market growth.  

The medical waste management involves high capital investment for managing hazardous by-products and disposal of infectious material. This disposal and recycling processes are associated with release of hazardous gases and compounds which may disturb the ecosystem and are likely to affect the industry growth.

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http://www.grandviewresearch.com/industry-analysis/medical-waste-management-market

Further key findings from the study suggest:

• The growing prevalence of infectious and chronic diseases coupled with overall growth of healthcare industry is augmenting the market growth
• Most of the waste disposal treatments are performed offsite, however, to save cost and holding time, onsite treatment sites are expected to grow over the forecast period
• The incineration segment accounted for the largest revenue share in 2016 however, other sophisticated non-incineration processes that are ecofriendly are projected to replace traditional incinerators
• In 2016, North America dominated the global space with the largest revenue share of over 32.0% owing to growing healthcare industry and development of innovative techniques for disposal of material
• Asia Pacific is expected to emerge as the fastest growing region during the forecast period, mainly due to growing social awareness regarding effective disposal and recycling.
• Major players competing in the industry include but are not limited to Remondis Medison GmbH; Republic Services, Inc.; Sharp Compliance, Inc.; Stericycle, Inc.; Suez Environment, Inc.; Veolia Environment S.A.; Waste Management, Inc.

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

GERD Therapeutics Market to Maintain a Healthy CAGR in Coming Years

The global Gastroesophageal Reflux Disease (GERD) therapeutics market is expected to reach USD 4.34 billion by 2025, according to a new study by Grand View Research, Inc. The incidence of acid reflux disorder, also known as heartburn, is rapidly increasing worldwide. Various studies state that almost every person experiences acid reflux once in a lifetime.

The overall market has been experiencing a downturn in terms of revenue in the past several years as the leading drugs for GERD treatment have lost their patent protection, with their market shares now largely consumed by over-the-counter (OTC) and generic medications. Although loss of exclusivity of high-grossing drugs have caused a market fall-off, the demand for acid reducing drugs due to the high prevalence and incidence levels of GERD will prove beneficial to the industry from a commercial standpoint.

GERD is one of the commonly observed recurrent gastrointestinal disorders worldwide. The prevalence of acid reflux and related symptoms has increased across the globe by nearly 50% over the last decade. This disorder not only has major effects on the health and quality of patient lives, but also extends to the healthcare system and economy.

In addition, the occurrence of acid reflux disease increases with age, rendering elderly people more prone to developing a severe form of heartburn. The geriatric subset hence forms a prominent target population for GERD therapeutics.

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http://www.grandviewresearch.com/industry-analysis/gastroesophageal-reflux-disease-gerd-therapeutics-market

Further key findings from the study suggest:

• Antacids have been identified as the largest drug type segment in terms of revenue share due to their cost-effectiveness and greater consumer accessibility
• The rising trend of self-medication in case of heartburn is particularly responsible for the growth in sales of OTC antacids
• Proton pump inhibitors accounted for the second largest segment as they are the most commonly prescribed medication for the treatment of acid reflux
• Market share of proton pump inhibitors is expected to decline over the forecast period with the loss of patent protection of several leading drugs, such as Nexium and Prilosec, in this segment
• North America accounted for the largest regional market in 2016 owing to the presence of a large patient population suffering from heartburn and the availability of OTC generics
• On the other hand, Asia Pacific is expected to grow at a fairly high growth rate as compared to other regional markets due to increased adoption of OTC and generic antacids along with rising prevalence of heartburn

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Market Outlook of Global Electrosurgical Devices Market Analysis and Foresight Report to 2025

The global electrosurgical devices market is expected to reach USD 7.2 billion in 2025, according to a new report by Grand View Research, Inc. Shifting focus of surgeons from conventional surgical procedures toward minimally invasive procedures, such as electrosurgery, and growing competition amongst the participants have high impact on the market’s growth. Entry of local companies in the developing regions is expected to fuel the global market due to availability of affordable equipment.

Electro surgeries are preferred over conventional procedures owing to advantages such as improved safety and ease of use. These advantages enable the use of such surgeries in sensitive procedures such as those related to neurology and ophthalmology. Electrosurgery is being used in various disciplines, such as gynecology, urology, gastroenterology, and general surgery. In addition, latest electrosurgical equipment enables the performance of procedures outside the operating room. Thus, the demand for these equipment is expected to rise in various disciplines during the forecast period. The growth is expected to experience impediment due to factors such as lack of skilled professionals and high price of the devices. Furthermore, most of the electrosurgical devices are categorized as Class III devices, which take considerably longer time for approval.

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http://www.grandviewresearch.com/industry-analysis/electrosurgical-devices-market

Further Key Findings From the Study Suggest:

• The study suggests that bipolar segment captured the largest share in 2015 and is expected to dominate throughout the forecast period
• Growing preference for bipolar electrosurgical devices over monopolar is a result of the advantages of the former, such as safe to use, convenience, and affordable prices. Monopolar equipment is still being used in minor surgeries and has the advantage of easy tissue cutting over bipolar equipment.
• Active electrode segment captured the largest share in 2015 and is expected to witness highest growth rate as compared to other products
• The introduction of innovative and technologically advanced electrodes and growing trends of using disposable electrodes are the factors driving the segment growth
• North America dominated in 2015, with the U.S. capturing the largest share
• Presence of a large number of players and high adoption rate of advanced medical devices are the factors driving growth in North America
• Few of the major companies operating in the market include ATMOS, Inc.; Bovie Medical Corporation; Parkell, Inc.; Covidien plc; Olympus Corporation; Ethicon, Inc; Boston Scientific; B. Braun Melsungen AG; Kirwan Surgical Products, LLC; and Smith and Nephew.

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Clinical urgency to adopt airway management devices for future growth

The global airway management devices market is expected to reach USD 2.1 billion by 2025, according to a new study by Grand View Research, Inc. The growing prevalence of chronic respiratory diseases is a high impact rendering growth driver for this market. This increasing prevalence is presumed to be driving the clinical urgency to adopt airway management devices in order to improve the existing ventilation solutions and prevent conditions such as laryngospasms as well as reduce long-term cost associated with the conventional methods.

In addition, advent of new-generation devices that incorporate a wide array of fiber optic, optical, video, and mechanical technologies to facilitate better view of and help management of difficult airways are gaining popularity. For instance, video laryngoscopes, which allow real-time and enhanced visualization, are rapidly becoming first-line measure in emergency care for efficient difficult airway management in hospitals as well as outpatient settings. The benefits of consistent technological advancements include improved optics, better aspiration capabilities, battery-powered light sources, increased angulation capabilities, and improved reprocessing procedures. The aforementioned benefits are anticipated to present the market with lucrative growth opportunities during the forecast period.

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http://www.grandviewresearch.com/industry-analysis/airway-management-devices-market

Further key findings from the study suggest:

• Supraglottic segment is expected to exhibit lucrative growth during the forecast period. The exponential growth can be attributed to increasing adoption of laryngeal masks in wide range of clinical applications, such as cardiopulmonary resuscitation and other medical emergencies
• Emergency medicine is anticipated to exhibit lucrative CAGR during the forecast period owing to increasing significance of these devices in rapid sequence intubation
• In 2016, North America held a dominant share of the global market as a consequence of local presence of prominent market players working toward extensive commercialization of their product portfolio
• Asia Pacific is anticipated to grow at an exponential CAGR due to unmet patient needs, continuous technological & infrastructural upgradation, and increasing healthcare expenditure
• The key participants such as Ambu A/S, Teleflex, Smiths Medical, Medtronic, Intersurgical, Armstrong Medical Limited and Becton Dickinson and Company are employing sustainability strategies to gain competitive advantage.
• For instance, in September 2016, Ambu A/S completed the acquisition of ETView Medical Ltd., a medical device manufacturer. The acquisition was carried out to cater unmet patient needs and provide advanced products that allow continuous airway monitoring

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

Future Business Opportunities in Automotive Lighting Market

The automotive lighting market is anticipated to reach USD 34.65 billion by 2022. Strict government policies and rising safety concerns are likely to propel growth over the forecast period. In addition, growing consumer awareness concerning the significance of adaptive lighting including dynamic bend light and a glare-free high beam is also expected to have a positive impact on the exterior lighting market. 

Increasing apprehensions about using energy efficient methods coupled with rising consumer disposable income are expected to drive the industry. In addition, growing demand for vehicles and technological advancements in the automotive industry are expected to propel utilization. Attractive growth opportunities for new entrants are expected in the industry owing to the growing number of total vehicles purchased y-o-y across BRIC nations. However, there is a need for legislative authorities to collaborate with light sourcing technology suppliers to develop flexible design techniques. 

Automotive LED market is estimated to demonstrate considerable growth at a CAGR of over 12.0% from 2015 to 2022. Halogen lights contributed to over 66.0% of overall industry revenue in 2014, followed by LED and xenon. It has gained prominence on account of easy availability, low purchasing costs, and low replacement costs. However, rising fuel prices are expected to pose a threat to the industry. 

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http://www.grandviewresearch.com/industry-analysis/automotive-lighting-market

The increase in demand for eco-friendly LED technologies on account of high efficiency, reduced CO2 levels, and high power, is expected to propel growth. Companies have been trying to develop eco-friendly LED to promote product differentiation and strengthen their global foothold. LEDs are used in daytime running lights (DRL), parking light, brake lights and turning lights. LEDs are preferred over xenon and halogen lights owing to optimum light bearing capacities and improved design which lead to increased shelf life. 

The adaptive headlight is an active safety feature that is intended to enhance the drivers’ visibility in poorly illuminated areas. It encompasses functionalities including automatic rotation which can sync with sensors and adjust brightness and intensity of light. Front lighting segment constituted for over 70.0% of the total revenue in 2014 owing to the availability of advanced features including automatic rotation which can sync with automatic brightness modules and sensor response. Extreme climatic conditions in Europe and North America are expected to trigger demand for fog lights over the forecast period. 

Automotive lighting industry in Asia Pacific is estimated to grow at a CAGR of over 8.0% and acquire a market share of about 45.0% over the forecast period. The continuous expansion of suppliers coupled with a vast production base is expected to position this region as the market leader. Countries including India, Japan, and China account for the major production base for vehicles globally, thus offering extensive growth opportunities. 

Key companies including Hella KGaA Hueck & Co., Koito Manufacturing Co., Magneti Marelli S.p.A and Valeo. Vendors usually employ the strategy of new product development and mergers & acquisitions to enter new markets. The introduction of low-cost LEDs and energy-efficient alternatives is foreseen as a cost-effective strategy for the industry.

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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.

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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.

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Rising demand for adhesive tapes in an extensive range of applications including noise, vibration, masking etc.

The global automotive adhesive tapes market is expected to reach USD11.54 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for adhesive tapes in an extensive range of applications including noise, vibration, masking, electrical insulation, wire harnessing, device insulation, surface protection, labeling, auto body repairs, and automotive dash will fuel industry growth over the forecast period. Replacement of fasteners by automotive adhesive tapes coupled with the introduction of new environment-friendly products will propel the market growth. 

Polyvinyl chloride (PVC) was the largest segment and accounted for 31.4% of the overall volume in 2015 and is expected to witness significant rise on account of superior properties including excellent bonding, high adhesion, water resistant and good adhesion to metals. Increasing demand for lamination, insulation, protection and masking of automotive wires will propel industry expansion over the forecast period. 

Double-sided tapes are expected to witness significant volume rise at a CAGR of 6.6% from 2016 to 2024 as on account of its durability, reliability, and sufficient bonding & fixing properties. Furthermore, increasing applications in automotive interior parts in light of better resistance and excellent tacky ability will promote industry expansion over the forecast period. 

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Further key findings from the report suggest:

• The global market demand was 5,745.8 million square meters in 2015 and is expected to show high gains in light of growing vehicle production in China, India, and Mexico
• Natural rubber was a prominent segment and accounted for 28.1% of the overall revenue. The product will show growth in light of superior properties including high flexibility, and versatility, and high adhesion.
• North America accounted for over 20% of the global volume share and is expected to witness significant gains in light of robust manufacturing base and rapid growth of the automotive sector in the U.S. and Mexico. National policies promoting the development of vehicles, fuel efficiency, and green policy will also impact future automotive trends. Moreover, the presence of various manufacturers including Dow Company, 3M Automotive, and PPG Automotive will augment growth.
• Latin America is expected to witness significant revenue growth at a CAGR of 7.3% from 2016 to 2024 as a result of increasing automotive vehicle sales in Argentina, Brazil, and Columbia. Increasing foreign investment in the automotive sector in the region is expected to open new market avenues over the next eight years.
• Automotive adhesive tapes industry is dominated by key participants including 3M, Tesa SE, Lintec, and Nitto Denko Corporation. Ongoing product development by various companies to manufacture high-performance and cost-efficient adhesive tapes is expected to augment product consumption over the forecast period. 
• In August 2015, Shurtape launched FP 115 high-performance flatback paper tape to offer moisture resistance and stronghold for the tube, paper, and core manufacturing. In July 2014, Shurtape expanded its line of double-coated tapes with the introduction of DP 401 polyester film tape designed for polyethylene foam fabrication and lamination processes. 

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Increased Demand for Consumer Electronics Driving Automated Test Equipment Market

The Global Automated Test Equipment Market is expected to reach USD 4.48 billion by 2020, according to a new study by Grand View Research, Inc. Increased demand for consumer electronics is expected to drive the market over the forecast period. Increased design complexity due to adoption of system on chip has resulted in need for effective testing, which is expected to favorably impact the market.

Fluctuating demand for semiconductors is expected to pose a challenge to the growth of this market due to its adverse effects on the profitability of industry participants. Consolidated nature of the market may prove to be a barrier for industry growth. Expansion of wireless networks and significant developments in the manufacturing process of semiconductors are factors conducive for market growth over the next six years.

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http://www.grandviewresearch.com/industry-analysis/automated-test-equipment

Further key findings from the study suggest:

• Non-memory ATE dominated the global market and accounted for over 75% of the overall market share in 2013. This is primarily due to increased proliferation of smartphones into the market, expansion of Long Term Evolution (LTE) wireless communication standard, increased automotive demand, and growing number of microcontroller-based applications.
• IT & telecommunication accounted for over 50% of the overall market share in 2013, which can be attributed to the proliferation of computers, smartphones and tablets in the market and increased emphasis on effective communication. Automotive application sector is expected to witness significant growth owing to increased integration of sophisticated electronic devices in automobiles.
• Asia Pacific is expected to be the market leader over the next six years, and accounted for over 70% of the market in 2013, owing to the presence of large number of semiconductor industries in the region and rapid technological advancements. RoW is expected to witness significant growth over the forecast period.
• Key industry participants include National Instruments Corp., LTX-Credence Corporation, Agilent Technologies Inc., Cal-Bay Systems, Aeroflex Inc., Anritsu Co., SPEA S.p.A, Advantest Corporation, Teradyne Inc., Advint LLC, and Rohde & Schwarz GmbH & Co. KG among others.

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