Automotive Sensor to Witness Boost in Demand from Semiconductor industry

The Global Automotive Sensor Market size is expected to reach USD 36.76 billion by 2022, according to a new study by Grand View Research, Inc. Favorable government regulations for increasing overall passenger security and safety is expected to augment market demand over the forecast period. These products have become an important part of automobiles, and detect physical parameters such as speed and heat and take preventive measures in case of any danger.

Growing consumer adoption of electric, hybrid and hydrogen fuel-cell-powered motor vehicles is expected to drive demand for battery monitoring. Image sensor-based ADAS systems have become essential for tracking and identifying potential hazards. Additionally, rising number of autonomous vehicles in yielding lower fuel consumption and reduced traffic congestion features in developing countries such as Japan and China is expected to favorably impact the automotive sensor market. Demand for retrofitting of advanced systems into the existing motor vehicle fleet is also expected to augment demand.

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Further key findings from the study suggest:

• Advanced proximity and positioning sensors help remotely determine the location of an object, and this segment is expected to grow at a CAGR of over 11.0% from 2015 to 2022. These products include radar, infrared, ultrasonic, and laser devices, and are finding application in detection of objects around vehicles in addition to occupancy sensing.
• Sensors used for safety and security applications monitor wheel speed, occupant position tire inflation, etc. For instance, Jaguar F-type uses these products for blind spot monitoring and close vehicle sensing designed to alert the driver about the presence of another vehicle in an adjacent lane by providing a visual warning indicator in the door’s mirror.
• Asia Pacific is expected to remain the leading regional market through the forecast period. The North American automotive sensor market is characterized by the presence of a stringent regulatory landscape. The U.S. NHTSA is attempting to control driver support technologies and direction of automotive collision avoidance. The government is expected to mandate fitment of V2V safety technology in future cars. In addition, the U.S. Association of Automobile Manufacturers (AMM) is expected to leverage rear-view camera and removing side-view mirrors, which can reduce noise and fuel consumption. Outsourcing of manufacturing process to low-cost countries like Mexico, China, Bulgaria, Malaysia, India or the Dominican Republic due to high labor costs in the U.S. is a key industry trend.
• Major industry participants such as Bosch focus on research and development to ensure product differentiation. The company’s R&D efforts have focused on development of efficient methods for ensuring reliability, precise 3D environment recognition, and securing the electronics architecture through constant plausibility checks on the data supplied. Other key players such as Freescale, Sensata, and Denso Corporation provide products that cater to a wide range of applications, such as ADAS, body electronics, chassis and safety, etc.

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The Reasons for The Rise in Global Automotive Refinish Coatings Market in Recent Period

The global automotive refinish coatings market is expected to reach USD 14.88 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for automotive refinish coatings as they improve the durability and enhance the appearance of vehicles will fuel market growth over the next eight years. Furthermore, aging of vehicles, rising demand for repair, maintenance, and aftermarket modifications will augment product demand over the forecast period. 

The waterborne technology was valued at USD 3.40 billion in 2015 and is expected to witness significant rise on account of excellent heat resistance, adhesion, and abrasion properties. Furthermore, its advantage over solvent borne coatings including less toxicity, less flammability, and reduction of air emissions will propel market growth over the forecast period. 

The basecoat is expected to witness significant revenue rise at a CAGR of 6.9% from 2016 to 2024 over the forecast period as it provides color, decorative effects and exterior aesthetic to vehicles. Increasing demand for solid basecoats in motorcycles, trucks and cars owing to the ease of application coupled with basic color effect will increase industry size. 

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Further key findings from the report suggest:

• Global automotive refinish coatings market demand was 916.4 kilo tons in 2015 and is expected to witness high gains in light of growing vehicle sales in China, India, and Mexico
• Acrylics was a prominent segment and accounted for 21.1% of the overall volume in 2015. The product will show growth in light of its high usage in waterborne technology. Furthermore, superior properties including resistance to stain, blistering, cracking, and extreme temperatures will fuel its demand over the forecast period.
• North America accounted for 22.8% of the global revenue share in 2015 and is expected to witness significant gains in light of growing need for repair, maintenance, and customization over the upcoming years.
• Latin America will witness significant revenue growth at a CAGR of 6.6% from 2016 to 2024 as a result of increasing automotive vehicle sales in Argentina, Brazil, and Columbia. Prevalence of road accidents along with the growing trend of recreational vehicles in Brazil will fuel industry expansion.
• Automotive refinish coatings industry is dominated by key participants including BASF, Axalta Coating Systems, PPG Industries, AkzoNobel, and Sherwin-Williams. Ongoing product development by various companies to manufacture high-performance and cost-efficient coatings is expected to augment product consumption over the next eight years.
• In December 2015, PPG Industries in collaboration with Asian Paints introduced product line of environment base high performance waterborne automotive refinished paint in Sri Lanka to expand the customer base

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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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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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Automotive Electronics Control Unit Market – Global Analysis and Forecast 2012-2020

The Global Automotive ECU Market is expected to reach USD 45.98 billion by 2020, according to a new study by Grand View Research, Inc. Increasing expenditure on R&D in order to lower the ECU costs is expected to propel market growth over the forecast period. Stringent government regulations for advanced safety features, facilitated by low-cost ECU development are expected to fuel automotive ECU market growth. Recent development in ECU technology is oriented towards making devices more sophisticated. Proliferation of in-car infotainment systems in various segments is expected to drive the automotive ECU market through the forecast period.

Continuous growth in the number of embedded components used by automotive manufacturers has spotlighted new opportunities for suppliers. Emergence of V2V and V2I connected systems is expected to spur market growth through the forecast period.

High level of complexity due to integration of automotive domains in order to combine individual ECUs into ECU domains would pose a challenge to market growth. Growing consumer preference towards sophisticated equipment in mid-sized vehicles such as high-end communication & navigation systems is expected to yield opportunities for the automotive electronics market.

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Further key findings from the study suggest:

• Safety & security systems segment accounted for the majority of market share in 2013 and is further expected to generate high revenue through the forecast period. Rising safety awareness among consumers is fueling the demand for airbags and anti-lock breaking systems across various vehicle segments.
• Communication & navigation systems application segment is expected to witness high demand for automotive ECUs over the forecast period. This can be attributed to advanced features such as in-car data storage, eco-efficiency and sophisticated in-car features. Increasing emphasis on road safety with connected systems is expected to be the key growth driver for the segment.
• Asia Pacific is expected to witness high growth due to rising safety installations and increased manufacturing activities. Countries such as China and Japan are expected to favorably impact regional market growth. Newly mandated warning systems for onboard diagnostics systems that help owners to monitor emissions is expected to drive the North America market.
• Prominent companies operating in the automotive ECU market include Delphi, Bosch, Continental AG, Denso, TRW Automotive, Autoliv, etc. Key market participants invest heavily in R&D to offer product differentiation as well as cost-effective ECUs by building technology partnerships with other participants in the ecosystem.

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Automotive Collision Repair Market Poised for Steady Growth in the Future

The global automotive collision repair market is expected to reach USD 202.24 billion by 2024, according to a new study by Grand View Research, Inc. Advancements in claims, insurance, and the automobile aftermarket have led to the development of new repair techniques and modern processes, which have significantly widened the scope across the passenger and commercial vehicle categories. The untapped and unorganized automotive collision repair market in the Asia Pacific region is positioned as a major opportunity for the key vehicle repair vendors.

Advanced 3D production capabilities are being utilized by numerous leading manufacturers including Daimler AG (Germany) and BMW Group (Germany) in the production of spare parts and associated automobile components. For instance, Rolls-Royce Dawn 2016 is expected to use the 3D printing technology for fabricating mounting brackets for wire hoses and fiber-optic cables. Moreover, organizations such as the U.S. National Automotive Service Task Force (NASTF) have established a Collision Repair Committee (CRC) that helps recognize, address, and resolve the repair/service gaps in order to help vehicle repair centers accomplish a complete and safe automotive restoration for vehicle owners. 

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Further key findings from the study suggest:

• Paints, clear coatings, and accompanying consumables such as auto components and other spares are widely used in the automotive collision repair market. Coatings and paints are utilized to cover up dents and scratches in case of automotive body damages. The growing penetration of gas and hybrid electric cars is expected to further drive the industry with a new generation of vehicles coming in the demanding novel service repair regimens. This trend would help in laying the foundation of specialized auto collision repair shops catering to specific makes of vehicles.
• Transport authorities and administrations across different countries have made it obligatory for car owners to buy insurance coverage in case of any damage to the insured vehicle and the driver. The increasing number of automobiles on the road in Asia Pacific countries, such as India and Japan, is expected to drive the regional automotive collision repair market.
• The key players in the automotive collision repair market include Continental Corporation, DuPont, Federal-Mogul Holdings, Bosch, DENSO Corporation, and 3M. The industry observes frequent mergers and acquisitions in order to expand their share and global reach in the market.
• The industry is expected to remain innovation-led with the introduction of new metals and chemicals that provide cost efficiency and weight reduction in automobiles. The increasing demand for automobiles is projected to trigger the demand for automobile collision repair centers. Stringent standards across the globe for car safety are anticipated to drive the collision repair industry.

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North America Automotive Air Filters Market is Growing at a Rapid Pace - Market Analysis and Forecast to 2024

The North American automotive air filter market is expected to reach USD 1.6 billion by 2024, according to a new report by Grand View Research, Inc. High penetration of automotive sales as well as presence of many OEMs in the region has resulted in higher penetration of air filters. Large number of vehicles plying on road combined with consumer awareness pertaining to the periodic maintenance will probably trigger the market growth over the forecast period.

Government regulatory bodies strictly monitoring fleet owners average fuel economy along with Clean Air Act implementation will also favor the market growth. Air filters trap dust and other airborne particles which affect the engine efficiency. Absence of or ineffective air filters result in excessive emission with heavy amount of NOx. Air filters is a mandate for all vehicles plying on North American roads and also subjected to air standard checks at regular intervals.

Aftermarket segment dominates the North American automotive air filters market as a result of high number of existing vehicles. All the vehicles are subjected to change the air filters after a certain mileage under scheduled maintenance services. Vehicle maintenance is also monitored by some of the government agencies to keep a check on emission standards.

Although the sales of passenger cars in the U.S and Canada are seeing a downfall in the current years, the presence of a vast number of vehicles plying on these roads is estimated to maintain the demand for automotive air filters during the forecast period. Moreover, increasing number of commercial vehicles is also expected to drive the market growth. However, the rise of electric cars is likely to bring down the air filters demand.

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Further key findings from the report suggest:

• The North American automotive air filter market value exceeded USD 701.1 in 2015 and is expected to grow at a CAGR of 8.8% from 2016 to 2024
• Intake air filters emerged as the largest product segment in 2015 and is estimated to generate revenue over USD 936.7 million by 2024
• Commercial vehicles segment is expected to witness a growth of 9.0% over the next eight years
• Aftermarket segment is likely to grow at a CAGR of 9.1% and emerge as the fastest growing end-use segment
• Some of the key players include Cummins, Inc., Parker-Hannifin Corporation, Hollingsworth & Vose Co. Inc. who dominated the automotive air filter market in North America.

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Widely Used of Membrane Switch to Increase the Paints & Coating Market Growth

The global membrane switch market is expected to reach USD 13.14 billion by 2025, according to a new report by Grand View Research, Inc. Membrane switch demand is significantly growing worldwide on account of high application scope coupled with increasing consumption in consumer goods application.

The membrane switch value chain is characterized by manufacturers of membrane switches, suppliers and end-use industries. Growing electronics and semiconductor industries are expected to have a positive impact on the membrane switch market over the forecast period.

Molex, Xymox Technologies, Douglas Corporation, Henkel Electronics Materials, and Nelson Miller are major membrane switch manufacturers in the world. Most of the players have manufacturing facilities in Asia Pacific and the products are then exported globally. These companies have dense supplier and distribution networks, owing to which, raw material procurement, manufacturing and selling of the membrane switches becomes cost effective.

Key factors responsible for the growth of the electronics industry include a rise in consumption of consumer electronics in the emerging markets of China, India, Taiwan, and Thailand amidst new product developments. Incorporation of innovative technologies, such as nanotechnology, in major manufacturing destinations, such as Japan and China, is expected to drive the electronics market in return bolstering the membrane switch industry.

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Further key findings from the report suggest:

• The demand for polyester membrane switches in 2015 was USD 1,508.0 million owing to the ability of the materials to suit various designs, and the flexibility in design is expected to drive demand over the forecast period.
• Asia Pacific is one of the fastest growing markets at a CAGR over 14.2% owing to consumer awareness regarding benefits of membrane switches.
• In September 2014, Henkel acquired Bergquist starting membrane switches product line. This acquisition widened the company’s product portfolio, further strengthening its position in the market.
• In May 2016, Nelson Miller acquired Delta Technologies in order to provide support for almost all product lines of the company including membrane switches

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Rapid Increase in Advanced Energy Storage Systems Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2022

Global Advanced Energy Storage Systems Market is expected to reach USD 6.93 billion by 2022, according to a new study by Grand View Research, Inc. Increasing demand for utility scale power generation particularly during peak hours is expected to augment demand for advanced energy storage systems. Advanced energy storage systems efficiently manage energy resources thereby reducing the need for utility scale power generation plants. The above factor significantly helps in reducing fixed cost and is expected to play a key role in market growth over the forecast period.

Stringent regulatory framework governing the use of fossil fuels for power generation is also expected to act as a major driver for advanced energy storage systems market growth. Power plants generate significant quantities of GHG such as CO2, which can be overcome through the efficient use of advanced energy storage systems. These systems store energy when generated and are capable of providing back up power in times of excess power demand (peak hours).

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Further key findings from the study suggest:

• Thermal energy storage systems were the largest technology segment in terms of installed capacity accounting for over 40% of global market in 2014. High efficiency in terms of energy storage and ability to provide power during peak hours in expected to play a major role in promoting market growth.
• Battery storage devices market is still in a nascent stage and is expected to witness fastest growth at a CAGR of over 18% from 2015 to 2022. The market has large potential owing to easy charging properties and re-energization of the electrolyte liquid resulting in negligible wastage.
• North America dominated the advanced energy storage systems market accounting for over 45% of global installed capacity in 2014. Stringent regulations with regards to environmental emissions are expected to result in increased installations of advanced energy storage systems, particularly in the U.S.
• Asia Pacific is expected to be the fastest growing market for advanced energy storage systems at a CAGR of over 18% in terms of revenue from 2015 to 2022. Growing industrialization and improving consumer lifestyle has resulted in a surging need for energy which in turn is expected to augment advanced energy storage systems market in the region.
• Advanced energy storage systems market is highly fragmented owing to the presence of numerous companies across multiple technologies. Owing to the technology driven nature of the market, key companies including AES Energy Storage, LG Chem, GE and Alevo are heavily investing into R&D to develop breakthrough technologies.

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Advanced Ceramics Market is expected to reach $134.58 billion by 2024

The global Advanced Ceramics Market is expected to reach USD 134.58 billion by 2024, according to a new report by Grand View Research, Inc. Rising product demand in numerous end-use industries on account of their longer life span, cost effectiveness as opposed to their conventional counterparts is expected to have a positive impact on the market over the next eight years.

Rising automobile demand among consumers on account of changing lifestyle and increasing disposable income is expected to fuel product need over the forecast period. In addition, the product has been substituting metals and plastics in high performance applications in the automotive sector which will propel industry growth over the projected period.

Advanced ceramics have been gaining high acceptance among consumers over the past few years due to rising awareness regarding their benefits such as high tensile strength, biodegradability and durability. Rising environmental concerns are expected to further fuel product demand over the next eight years.

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Further key findings from the report suggest:

• Global advanced ceramics market value was USD 56.70 billion in 2015 and is projected to reach USD 134.58 billion by 2024, growing at a CAGR of 10.2% from 2016 to 2024
• Titanate ceramics are expected to be the fastest growing material segment at a CAGR over 11.5% from 2015 to 2024 in terms of revenue on account of their increasing use as capacitors. Rising need for energy storage globally is expected to boost product demand
• Monolithic ceramic market was estimated at over USD 45 billion in 2015. The product is employed in various lining and insulation applications as they can withstand extremely high temperatures, and are resistant to abrasion as well as thermal shock. These factors are expected to positively impact industry growth over the forecast period.
• Bioceramics application segment was valued at over USD 2 billion in 2015. It is expected to be the fastest growing segment on account of its increasing use in hip and joint replacements
• Medical sector was estimated at over 6 billion in 2015. Rising demand from this industry for various applications such as tissue & bone replacements, and dental implants is expected to propel product demand over the next eight years.
• North America was the second largest market and is expected to grow at a CAGR over 9.5% from 2016 to 2024 in terms of revenue. Strict environmental regulations have led to increased product use as it aids in pollution control. In addition, stringent emission standards in Europe and North America are expected to provide growth opportunities for ceramic filters over the next eight years.
• In November 2015, Oerlikon signed an agreement to acquire the advanced ceramics business of Laser Cladding Services, LLC. In July 2015, Morgan Advanced Materials invested in the semiconductor market. to optimize its manufacturing capabilities

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Analysts Predict Lightning Growth for Global Adipic Acid Market

The global adipic acid market is expected to reach USD 7,240.8 million by 2020, according to a new study by Grand View Research, Inc. Growing demand for nylon resins and fiber from major end use industries such as automotive and electronics mainly in BRIC nations is expected to remain a key driving factor for the market over the next six years. However, volatility in raw material prices coupled with stringent regulations in Europe and North America on account of growing environmental concerns is expected to hinder the market growth over the forecast period. 

Development of bio-based adipic acid emerged as a new driving force for the global Adipic Acid market. Bio-based adipic acid is an environment friendly solution, and provides cost advantage over its synthetic counterpart. Rennovia has been one of the pioneers for bio-based adipic acid development, using glucose as feedstock via its proprietary chemical catalytic process technology. 

Nylon 6,6 both in its fiber and resin forms emerged as the leading application segment for adipic acid and accounted for over 83.3% of total market volume in 2013. Nylon 6,6 is widely used in fiber application including carpets, textiles, technical fibers and tire-cord. Growing demand for light weight high performance materials from automobile industry in order to reduce the overall weight of automobiles is expected to drive the demand for nylon resin and fiber. Nylon 6,6 was followed by polyurethane as the second largest application market for adipic acid in 2013. Polyurethane is also expected to be the fastest growing market for adipic acid at an estimated CAGR of 5.4% from 2014 to 2020. 

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Further key findings from the study suggest:

• The global adipic acid market volume was 2,610 kilo tons in 2012 and is expected to reach 3,747.2 kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020.
• Asia Pacific emerged as the leading market for adipic acid and accounted for 35% of total market volume in 2012. Along with being the largest market, Asia Pacific is also expected to be the fastest growing market for adipic acid at an estimated CAGR of 5.3% from 2014 to 2020. Growth of automobile industry in China and India is expected to drive the regional demand for adipic acid over the forecast period. Asia Pacific was followed by Europe which accounted for 27% of total market volume in 2012. The North American market for adipic acid is expected to reach USD 1.79 billion by 2020 at an estimated CAGR of 6.1% from 2014 to 2020.
• North America and Europe are highly regulated markets for adipic acid and are largely driven by the development of environmental friendly sustainable technologies.
• The market is highly concentrated, and the top four companies including INVISTA, Rhodia, Ascend Performance Materials and BASF accounted for over 60% of total adipic acid production in 2012. Key companies operating in the global market also include Shangdong Haili (Bohui), Liyoyang Petrochemical, Radici and Asahi Kasei among others.

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Adhesion Promoter Market is Growing at a CAGR of 6.0% by 2024

The global adhesion promoter market is expected to reach USD 5.21 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for silane and silicone products to enable efficient transportation with greater fuel savings is likely to foster industry growth. 

The increasing industrialization in emerging economies such as Brazil, China, India and Mexico coupled with a growing automotive sector has prompted high demand for sustainable paints and coatings. Silane promoters, in particular contribute to extended material lifetime and boost resource usage especially in automotive paints. 

Rising consumer disposable income in these economies is also expected to contribute to high passenger car sales which in turn is crucial to industry growth. Growing environmental and regulatory pressure to reduce resource wastage and carbon emissions from the transportation sector is also likely to promote product demand. 

High demand for silane products such chlorosilanes and other alkoxysilanes on account of greenhouse gas (GHG) abatement effects is likely to foster silane growth. Silanes thus emerged as the largest product with around 34% market share in 2015. Maleic anhydride emerged as the fastest growing product with highest CAGR of 7.3% from 2016 to 2024. These additives provide durability and enhanced binding capabilities to composites, specifically providing strength & stability in the automotive & construction sector.  

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Further key findings from the report suggest:

• Global adhesion promoter market size was708.1 kiloton in 2015 and is expected to reach 1,181.5 kilo tons by 2024, growing at a CAGR of 6.0% from 2016 to 2024
• Plastics & composites were the leading application segment and accounted for 32.9% of total market volume in 2015.Development of innovative polymer resin materials and high performance plastic composites is likely to lead to their usage in automotive, aerospace and marine transportation owing to their light weight and high strength.
• Technological advancements are expected to spur product demand in ‘green tires’ leading to growth in rubbers segment. China generated the highest demand for promoters in rubber segment accounting for over 17% of its consumption in 2015.
• North America and Europe present relatively mature markets with a combined share of around 39% in 2015. Highly developed countries such as the U.S., Canada, Germany, the UK, France and Italy witnessed high product penetration, presenting few opportunities to market participants over the forecast period.
• Adhesion promoters market is mainly dominated by multinational players such as BASF, Arkema, The 3M Company, Eastman Chemical Company, DuPont, Ashland, Momentive Performance Materials Inc., Dow Corning Corporation, Altana AG, Evonik Industries among several other independent players.

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Rapid Increase in Acrylonitrile Butadiene Styrene Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2022

Global acrylonitrile butadiene styrene market is expected to reach USD 34.88 billion by 2022, according to a new report by Grand View Research, Inc. Rising government funding for large-scale infrastructure projects in Asian countries of China, India, and Indonesia is expected to propel construction industry growth which in turn is expected to have a positive impact on product demand over the next seven years. 

Increasing need for light weight automobiles on account of need for better fuel efficiency particularly in developed regions including Europe and North America is expected to be a major market driver. 

Rising investments for innovative product developments and high-quality manufacturing processes, is expected to augment industry growth over the forecast period. Furthermore, strong economic growth coupled with removal of barriers for foreign investments in India is expected to spur construction sector which in turn will propel product demand over the forecast period. 

Countries including India, China and Japan are expected to witness considerable growth in light of expanding product manufacturing base. However, raw material price volatility and availability of numerous biodegradable substitutes is expected to challenge the industry over the next seven years. 

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Further key findings from the report suggest:

• Automotive is expected to grow at a CAGR of above 6.0% in terms of volume from 2015 to 2022. Increasing use of the product in various automotive applications including manufacturing of external parts like bumpers, panels and handles due to its rigidity and toughness is expected to have a positive impact on the market over the next seven years.
• Electrical & electronics was one of the largest application segments and was estimated at over 2,100.0 kilo tons in 2014. Growth and development of electronics & electrical segment in China is expected to be the primary driver of this market over the forecast period. In addition, ease of processing and fabrication is expected to augment product demand in this sector over the next seven years.
• China was the largest market, estimated over USD 11.00 billion in 2014. Growing automobile industry, coupled with high infrastructural investment to meet the housing needs of the country is expected to have a positive impact on the products demand over the next seven years.
• The global market for ABS was fairly consolidated with the top four companies accounting for close to 60% of the market in 2014. Key companies in the market include LG Chemical, Chi Mei Corporation, Styrolution, Formosa Plastic Company, Kumho Petrochemical Company, Styron and SABIC.

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Increasing Awareness Regarding Omega 3 Deficiency in Food Driving Krill Oil Market

The global krill oil market is expected to reach USD 709.4 million by 2025, according to a new report by Grand View Research, Inc. The increasing awareness regarding omega 3 deficiency and growing demand for dietary supplements are expected to drive demand for krill oil over the forecast period.  The market is largely influenced by associations such as Marine Stewardship Council (MSC) and Association of Responsible Krill Harvesting Companies (ARK). 

Globally, Europe is the dominant regional market. The presence of major fisheries and favorable trade environment is likely to drive the growth in this region. The rise in fishing activity and presence of krill fish in oceans surrounding South Asian countries such as India and Vietnam is expected to drive the industry in this region over the forecast period. 

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Further key findings from the report suggest:

• Tablets was the dominant segment with a market share of over 70% in 2015 owing to growing popularity of this form of omega 3 supplements
• Capsules are the fastest growing product segment within the tablet category growing at a CAGR of over 13% from 2016 to 2024 owing to rising number of manufacturers preferring to manufacture krill oil capsules rather than soft gels.
• The demand in Europe was over USD 60.0 million in 2015, accounting for over 35% of the overall market. Growing awareness in the region about omega 3 substitutes and rising consumer knowledge about omega 3 products is driving the industry in this region.
• The industry participants have been engaged in rapid new product development and consumer awareness campaigns to increase the penetration of the products.
• They have been focusing on the emerging economies in order to expand their global foothold and increase the customer base. 

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Future Business Opportunities in Alternative & Complementary Medicine Market

The complementary & alternative medicine market is expected to generate a revenue of USD 196.87 billion by 2025, according to a new report by Grand View Research, Inc. Factors such as the increase in adoption of alternative medicine by people combined with the government initiatives of a number of key countries to enhance reach is expected to help in expansion revenue generation avenues.

Complementary and alternative forms of therapy are used in the treatment of chronic ailments, long-term pain among others and are also used for additional vitamins and other dietary supplementation of regular diet. Moreover, with considerable increase in the costs of conventional medicine and inclination towards body wellness rather than pharmaceutical cure is likely to boost the market over the forecast period. 

As of early 2016, approximately two thirds of the population in most of the developed and developing countries have reported using one or the other form of alternative or complementary form of medicine. There are certain countries that are moving towards the legalization of some alternative medicine therapies that are being backed with approved clinical data.

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Further key findings from the report suggest:

• The market is driven by high adoption rates of herbal dietary supplements other wellness therapies like yoga, acupuncture
• Usage of botanicals has become the most prominent form of alternative medicine as the segment was observed to account for generation of the largest share of revenue
• Europe and the Asia Pacific regions emerge as clear hotspots for these forms of therapies and combine to generate the major share of market revenue
• Developing regions such as Latin America and Middle East Asia are set to witness considerable growth in demand over the forecast period driven by the expensive nature of conventional medicine and lack thereof is certain countries
• Some of the key players and wellness institutes active in the market are Pacific Nutritional Inc, Herb Pharm, Herbal Hills, Helio USA Inc, Deepure Plus, Nordic Naturals, Pure encapsulations, Inc., and other wellness institutes like Iyengar Yoga Institute, John Schumacher’s Unity Woods Yoga Center, Yoga Tree, The Healing Company and Quantum Touch Inc.

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Ambulatory Services Are Good investment for Business in upcoming years

Global ambulatory services market is expected to reach USD 3,428.5 billion by 2022, according to a new report by Grand View Research Inc. The market is driven by increasing aging population, ease-in-access and flexible timings, government initiatives to integrate acute and primary healthcare, and growing treatment costs. 

Aging population and increasing life expectancy have transformed the healthcare needs to provide services for existing co-morbidities, disabilities, and frailties. For providing accessible services to patients, there is an increasing demand for outpatient services, which help in cutting down on the long wait times in hospitals. 

The healthcare budgetary pressure on the government is also expected to decrease by providing efficient outpatient/ambulatory services. For instance, January 2015 report released by Alberta (province in Western Canada) stated that increasing seniors in the population, which accounted to 16% used over 41% of the direct healthcare costs. 

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Further key findings from the report suggest:

• Primary care offices dominated the market in 2014 owing to increasing demand for private care facilities by patients. In addition, funding agencies such as the NHS along with Primary Healthcare Properties (PHP) invested USD 1.4 billion for the transformation of primary care for General Practitioner (GP) buildings.
• Specialty surgery is expected to witness rapid rise in demand due to the technological advancements enabling ophthalmic, orthopedic, and other surgeries to take place in the Ambulatory Surgical Centers (ASCs).
• Moreover, increasing technological advancement has driven the preference for non-surgical and minimally invasive surgeries. For instance, in 2014, the American Society of Plastic Surgery reported that around 90% of the procedures were minimally invasive, while the remaining 10% were surgical procedures. The report listed that the top five cosmetic minimally-invasive procedures were chemical peels, IPL treatments, laser skin resurfacing, laser hair removal, Botox, Dysport, and soft tissue fillers
• North America was the largest regional market with revenue share estimated at over 40% owing to increasing population with chronic diseases and favorable reimbursement for ambulatory services in the U.S.
• In March 2015, Tenet Healthcare and United Surgical Partners International (USPI) combined their forces to extend their network of ambulatory care units. This collaboration offered 20 imaging centers and around 265 short-day surgical facilities with 50 health system partnerships and 4,000 physicians.
• Europe was the second largest market in 2014. Private health in Europe is increasing owing to demographical changes, rising healthcare spending, and the increasing support from the NHS. Furthermore, initiatives of integrating outpatient services with technology are expected to propel market growth during the forecast period. In March 2012, Warwickshire NHS Trust (UHCW) and University Hospitals Coventry received the NHS grant of USD 406,867 to treat a virtual form of ambulatory center.
• In Asia Pacific, the concept of ambulatory services is gaining momentum and increasing healthcare costs owing to chronic diseases, aging population, and increasing hospital readmission have initiated the expansion of outpatient centers
• Industry contributors are striving to change the traditional methods of performing surgeries and introducing nonsurgical methods enabling surgeons to perform procedures in an effective manner. The American Society of Plastic Surgeons (ASPS), revealed that the overall demand for cosmetic surgeries increased by 3%, whereas demand for surgical procedures increased by only 1% as against non-surgical procedures, which increased by 4%.
• In November 2015, Weill Cornell Medicine entered into an agreement with Top Spring Huaxia Medical Investment Co. Ltd. Top Spring will help Weill Cornell to develop a modern outpatient diagnostic clinic in China.
• Some key players of this market include AmSurg Corp., Surgery Partners, Symbion, IntergraMed America, Inc., Nueterra, Terveystalo Healthcare Oyj, Aspen Healthcare, and Medical Facilities Corporation 

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Impact of Existing and Emerging Air Traffic Control Equipment Market

The Global Air Traffic Control (ATC) Equipment Market is expected to reach USD 4.23 billion by 2020, according to a new study by Grand View Research, Inc. Need for construction of new airports, and expansion & modernization of the existing ones to address increasing passenger & freight traffic is expected to increase air traffic control equipment demand. Advancements in microelectronics have provided ample growth opportunities for the air traffic control equipment market and further innovations in the domain are expected to buoy market growth over the forecast period.

Owing to continuous need for monitoring air traffic, interruption in the activity is not feasible which makes replacement of obsolete ATC equipment a cumbersome task. In order to maintain the flow of traffic monitoring, new equipment is operated in parallel with the existing one before the latter is phased out completely, which poses a challenge to air traffic control equipment market growth.

Browse Full research report on Air Traffic Control (ATC) Equipment Market Analysis:http://www.grandviewresearch.com/industry-analysis/air-traffic-control-equipment-market

Further key findings from the study suggest:

• The communications air traffic control equipment market accounted for a high revenue share in 2013 and the trend is expected to continue throughout the forecast period owing to increased need for replacement of obsolete equipment with new ones equipped with enhanced digital data communication.
• The military aircraft segment is expected to witness high demand throughout the forecast period owing to the mission-critical nature of the domain. In October 2014, Aquila, a joint venture between Thales and NATS was awarded a USD 2.36 billion contract by the UK Ministry of Defense (MOD) for transforming terminal air traffic management at military airfields.
• Europe and North America were the major air traffic control equipment regional markets in 2013, which can be attributed to increased government efforts pertaining to securing air traffic and aircraft. Asia Pacific is expected to witness high growth due to increased initiatives for efficient infrastructure.
• Leading players in the air traffic control equipment market have emphasized heavily on the enhancing equipment reliability to address minimum tolerance levels. Incorporation of effective collision avoidance system in ATC equipment is expected to be a key focus area for countering increased air traffic. Manufacturers and developers upgrade landing and navigation aids periodically to maintain safety and improve efficiency.

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Grand View Research – Modern Manufacturers Need to invest in Agricultural Films Market

The global agricultural films market is expected to reach USD 13.85 billion by 2024, according to a new report by Grand View Research, Inc. Growing population is anticipated to exert pressure on agricultural productivity. These films are used to enhance the productivity and improve crop quality by minimizing soil erosion, providing nutrients, and suppressing weed growth. They are primarily made of polyethylene. Growing consumer disposable income coupled with the rising high-quality crops demand is anticipated to drive the market growth over the forecast period. 

Depleting arable land is expected to impact market growth positively over the next eight years. Protective films are placed over soil, covered over greenhouses and wrapped around fodder. Various benefits offered by agricultural films including reducing the risk of seed germination, decreasing soil compaction, raising soil temperature, providing nutrients, and protecting against UV rays. These advantages are expected to raise product demand in near future. 

Agricultural films for green house dominated the global demand and accounted for 42.9% of total revenue in 2015. This trend is anticipated to continue over the forecast period on account of rising demand from emerging economies such as China and India.

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Further key findings from the report suggest:

• The global agricultural films market demand 5.15 million tons in 2015 and is expected to reach 8.28 million tons by 2024, growing at a CAGR of 5.4% from 2016 to 2024
• Linear low-density polyethylene (LLDPE) was the major raw material segment in 2015 and is expected to reach a market worth USD 7.29 billion by 2024, growing at a CAGR of 8.0% from 2016 to 2024. The high growth may be attributed to the growing demand for these films in Asia Pacific.
• Low-density polyethylene (LDPE) is projected to grow at a CAGR of 7.3% from 2016 to 2024. The high growth may be attributed to their use in agriculture areas with harsh climatic conditions and limited water supply.
• Asia Pacific was the leading consumer and accounted for 70.1% of global revenue in 2015 owing to rising consumer disposable income coupled with favorable government initiatives in the agriculture sector.
• Major companies operating in the global agricultural films industry include AB Rani last Oy, AEP Industries, Al-Pack Enterprises, BASF, Berry Plastic Group, Inc., British Polyethylene Industries PLC, Novamont S.PA, RKW and Triplast Industrier AB.

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Aerosol Propellants Market: Opening Airways and Opportunities

The global aerosol propellants market size is expected to reach USD 11.28 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to grow owing to increasing adoption of the aerosol based household and personal care products primarily in the developing economies including China, India, Indonesia, and Thailand. applications

The aerosol propellants market growth is primarily dependent on the availability of raw materials such as natural gas and crude oil, with the prices of such gasses changing in accordance to the price of the raw materials. The pricing of aerosol propellants is dependent on the price of natural gas and crude oil that act as raw materials for the extraction of the propellants.

Increasing production of natural gas in North America and Asia Pacific is expected to drive the demand for the product over the next nine years-. Increasing technological initiatives leading to the production of advanced cans with the superior aesthetic appeal is expected to lead to a growth in demand for such cans, leading to a growing demand for propellants.

The industry is regulated by stringent laws and regulations enacted against the usage of the products in the cans. In addition, the industry is expected to benefit from the advent of various technological advancements to produce low cost, low VOCs, and low GWP products.

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Further key findings from the report suggest:

• Hydrocarbon propellants accounted for an overall share of over 81% of the volume in 2015. High demand for environment-friendly propellants coupled with the low price of the products leads to a high usage. The segment is, however, expected to lose market share owing to the advent of advanced formulations with superior performance characteristics such as stability and no interaction with the container contents.
• Personal care segment is expected to grow at a CAGR of more than 3% from 2016 to 2025 on account of growing demand for deodorants, mousses and hair sprays. The demand for the product is expected to rise on account of rising awareness regarding the use of beauty enhancing products primarily in Asia Pacific and Central & South America. Also, demand for shaving foams and hair styling products primarily on account of increased acceptance of such beauty enhancing products is likely to drive market growth.
• The market in Europe is expected to account for over 32% of the global revenue due to high demand for the cans in the household and personal care applications. High demand for the product for automotive cleaners and paints is expected to drive the demand for the product over the forecast period.
• Major manufacturers in the domain resort to high expenditures for research and development of advanced propellant formulations in a bid to increase their market share. The development of highly advanced products such as Solstice, by Honeywell International Inc., that exhibits superior properties such as non-inflammability, zero ozone depletion, and low global warming potential is expected to drive the growth.

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Advanced Materials Update: Aerogel Industry Trends by 2022

The global aerogel market is expected to reach USD 1.92 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for high thermal resistance products is expected to drive demand for aerogel over the next few years. In addition, lightweight and compressed size of the material makes it a favorable option for thermal insulation. 

Building & construction is anticipated to witness highest growth at a CAGR of 38.6% over the forecast period. Increasing number of infrastructure projects, particularly in Asia Pacific, is expected to drive demand for lightweight materials. Rising awareness regarding the benefits of the product is expected to augment its use in these end-uses over the forecast period. 

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

Further key findings from the repot suggest:

• Market for silica-based aerogel was estimated at USD 307.5 million in 2014. It provides several advantages such as resistance for high temperatures -140°Cto 20°C. Mars exploration projects, ‘Spirit’ and ‘Opportunity’ by NASA made use of silica aerogels, which were successful at extreme temperature on Mars.
• Hydrophobic silica aerogels exhibit excellent water absorption properties. In addition, these materials also absorb other substances that repel water such as oil. Owing to this, specially-functionalized silica aerogel powder and blankets are being used in oil-spill cleanups, which will also be commercially in few days.
• Growing demand for aerogel silica owing to its light diffusion, superior thermal insulation and high surface area, in architectural applications, is expected to propel growth of the overall industry. Moreover, increasing focus on infrastructure development is expected to bolster growth.
• North America accounted for 57.2% of the global market in 2014 and is expected to witness moderate growth over the forecast period owing to limited growth of the end-use industries. Development of cheaper materials such as polymers are expected to drive the demand for polymer based aerogel in building & construction industry, especially in Asia Pacific.
• Europe is expected to witness a substantial growth at a CAGR of 32.9% from 2015 to 2022.The European Union has set a target to achieve 20% reduction in energy by 2020. This target is a part of policy set under Energy Efficiency Directive (EED). Aerogel, particularly silica-based, exhibit properties similar to naturally available silicates, thus, they are eco-friendly in nature.
• Key industry players include Aspen Aerogels Inc., Cabot Corporation, Aerogel Technologies LLC, BASF SE, and Dow Corning Corporation. These companies are focusing on R&D activities to develop new products and enhance their aerogel portfolio.

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Inclination of Consumers Towards High-Quality Processed Foods Driving Mesifurane Market

The global mesifurane market is expected to reach USD 153.8 million by 2025, according to a new report by Grand View Research, Inc. Inclination of consumers towards high-quality processed foods in emerging economies such as India and China is likely to boost demand for fresh and aromatic food additives such as mesifurane. 

The compound occurs naturally in fruits such as strawberries, and has a strong, fruity aroma, making it ideal for cosmetic and personal care applications such as fragrances. Flavor & fragrance companies are also shifting their focus towards development of innovative organic flavors for various applications. 

Companies such as Frutarom and Firmenich have developed unique products and technologies respectively, to cater to transitioning consumer food preferences. The cosmetics & personal care industry is also generating demand for mesifurane compounds as manufacturers seek to substitute other potentially toxic chemicals with these safer alternatives. 

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Further key findings from the report suggest:

• The global mesifurane demand was estimated at 6,080 tons in 2015 and is expected to grow at a CAGR of 4.8% from 2016 to 2025
• Animal feed is expected to emerge as the second fast-growing segment after food & beverages owing to increasing meat consumption & the demand for nutritional, yet flavorsome animal feed products
• Global pharmaceuticals industry is also expanding at a rapid rate, specifically in emerging economies as a result of rising geriatric population and prevailing diseases
• The food & beverages segment is expected to remain the dominant application, occupying about 61% of the volume share in 2015, as strawberry-flavored drinks are gaining popularity
• Consumers are also increasingly preferring exotic fruits as compared to seasonal products, while favorable regulations encouraging foreign investments in this sector are contributing to industry expansion
• Manufacturers are increasingly preferring the chemical as an intermediate in various cosmetic formulations owing to its strong and pleasant fragrance
• Asia Pacific is anticipated to emerge as the fastest-growing region with 5.2% CAGR in terms of volume from 2016 to 2025. Favorable government policies in emerging economies regarding agricultural development is boosting animal feed market growth which is conducive to mesifurane demand
• Key suppliers and developers in the industry include Sigma-Aldrich, The Good Scents Company, Shandong Yaroma Perfumery Co. Ltd., Ruiyuan Flavor Co. Ltd., Penta Manufacturing Co., Natural Advantage and United International Co. Ltd. 

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Profitable Advantages of Investment in Electroceuticals/Bioelectric Medicine Market

The global electroceuticals/bioelectric medicine market is expected to reach USD 35.5 billion by 2025, according to a new report by Grand View Research, Inc. Rising geriatric population is the major factor that is expected to propel growth during the forecast period. Aging population is prone to various diseases such as cardiac arrhythmias, Parkinson's disease, Alzheimer's disease, epilepsy, and depression. There are various advanced electroceuticals including implantable cardioverter defibrillators, cochlear implants, cardiac pacemakers, and spinal cord stimulators, which can be used for the treatment of these conditions. 

Increasing investment in the development of advanced bioelectric medicine is another major factor supporting the growth of the electroceuticals market. For instance, in FY 2016, Medtronic, a leading bioelectric medicine manufacturer, invested around USD 2,224 million in R&D for development of advanced products. Technological advancements in these products propel their adoption in treatment of chronic diseases such as cardiac arrhythmias and Parkinson's disease. The technological advanced electroceuticals provide high reliability and efficiency during treatment.

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Further Key Findings From The Report Suggest:

• Implantable cardioverter defibrillators segment was the largest revenue-generating segment of the electroceuticals market in 2016 owing to large application of these products for the treatment of arrhythmia
• The implantable electroceuticals devices segment accounted for the largest revenue share in the bioelectric medicine market in 2016 owing to technological advancements
• In the application segment, the arrhythmia segment accounted for the largest share in 2016 and is expected to maintain its dominance throughout forecast period
• The hospitals dominated the electroceuticals market in terms of revenue in 2016 due to the escalating number of electroceutical devices implant procedures in hospitals
• The North America bioelectric medicine market is the leading regional sector and accounted for the largest revenue share in 2016 mainly due to the existence of large number of medical devices companies in this region
• The Asia Pacific region is expected to grow at a highest growth rate during the study period. The developing healthcare infrastructure and rising healthcare awareness in the Asian countries such as China and India is a major factor contributing to the growth in this region
• Some of the major players include Medtronic; St. Jude Medical; Boston Scientific Corporation; Cochlear Ltd.; Sonova; LivaNova PLC; Biotronik; Nevro Corp.; SECOND SIGHT; and electroCore LLC. 

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Anti-Fog Additives Market Are Good investment for Business in upcoming years

The global anti-fog additives market is expected to reach USD 2.21 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand for functional and packaged foods, primarily in China, India, Brazil and Thailand, Singapore and Vietnam, is likely to augment market expansion. New applications for these additives in architectural structures such as greenhouses and skylights will create immense industry potential in the near future.

Growing product demand in master batches for manufacturing polymers namely LDPE, LLDPE, EVA, and PVC as they offer a higher level of durability and performance will propel industry size over the forecast period. The growing demand for high-quality and efficient optical products is likely to impact market growth positively over the next eight years. Growing preference for biodegradable food packaging and agricultural films will open new market avenues over the next few years.

Sorbitan esters will witness significant growth at a CAGR of 7.0% in terms of revenue owing to its growing consumption in LDPE, LLDPE, PVC, and EVA films for food packaging and agricultural applications, as they have anti-fog, anti-static, and dispersion properties.

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Further key findings from the report suggest:

• The global anti-fog additives market demand was 310.5 kilo tons in 2015 and is expected to reach 526.6 kilo tons by 2024, growing at a CAGR of 6.1% from 2016 to 2024
• Agricultural films accounted for 28.2% of the global volume in 2015 and will witness substantial growth on account of rising government spending along with increasing requirement of high-quality crops. Also, agricultural films exhibit high durability, thermal resistance, and tensile strength which helps in extending the shelf life of agricultural products. This factor, in turn, is expected to augment demand for anti-fog additives over the forecast period.
• Asia Pacific will witness tremendous gains at a CAGR of 6.7% in terms of volume on account of growing demand for processed food. Developments in the food processing sector including preservation technologies including cold storage, and climate control storage are expected to augment growth.
• MEA is expected to witness a significant increase in demand for anti-fog additive owing to growing demand for packaged food in light of the expansion of retail food outlets and new product launches. Demand for the product is expected to reach 46.5 kilo tons by 2024.
• Major market participants include A. Schulman, Inc., AkzoNobel N.V, Croda International PLC, Evonik Industries AG, PCC Chemax Inc., Fine Organics, Palsgaard, Polyvel Inc., PolyOne Corporation, and Ampacet Corporation. Product innovation by key market players to improve the durability and long-term performance of their products over a wide range of temperatures is likely to propel demand for the product. Various companies including AkzoNobel N.V., Ampacet Corporation, and Croda International PLC are focusing on creating multifunctional products that provide anti-static and dispersion properties along with the anti-fogging function to gain industry share.

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Animal Feed Additives Market – Global Analysis and Forecast 2014-2025

The global animal feed additives market value is anticipated to reach USD 23.81 billion by 2025, according to a new report by Grand View Research, Inc. Globally increasing meat consumption has been a major factor driving market growth. In addition, growing consciousness regarding the advantages of these products along with the recent outbreak of diseases has led to the increased utilization of additives in animal feed.

These are essential components for the improvement of overall animal health and performance which are indirectly impacting the characteristics of human food products. Consumption of foodstuff containing the appropriate quantity of accompaniments exert beneficial effects upon animals such as improvement in digestion and conversion. This, in turn, has a positive economic impact on the profitable production of food products for the human population.

Amino acids were the largest product category in 2015 .and is expected to maintain a comparatively low growth rate over the forecast period. Lysine was the major amino acid consumed with a share of over 67% in 2015.

Feed acidifiers are expected to observe the fastest growth over the next nine years with an estimated CAGR of around 6.4% from 2016 to 2025. It has been evident that acidifiers are instrumental in increasing the shelf life of fodder, which further helps in minimization of the overall feed cost, thus driving its market. In addition, increasing usage of feed acidifiers in the U.S. and Europe owing to ban on antibiotics is also expected to boost its demand over the forecast period.

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Further key findings from the report suggest:

• The global animal feed additives demand exceeded 256 kilo tons in 2015 and is expected to grow at a CAGR of 3.4% from 2016 to 2025
• Poultry emerged as the largest livestock segment in 2015 and is estimated to generate revenue over USD 5.7 billion by 2025
• Global animal feed antibiotics demand in aquaculture was USD 4.45 billion in 2015 and is anticipated to witness staggered growth over the next nine years
• The U.S. foodstuff acidifiers market in cattle livestock was 613 tons in 2015 and is estimated to reach a total volume of over 1,090 tons by 2025
• The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to various developments across major economies, especially in the processed meat and dairy products market. The regional market is expected to grow at a CAGR of 3.8% from 2016 to 2025
• Key players including BASF, DSM, Evonik, Elenco, Novozymes, Cargill, and Danisco dominated the global animal feed additives market while accounting for over 60% of the total volume in 2015

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The Reasons for The Rise in Global Anesthesia Monitoring Devices Market in Recent Period

The anesthesia monitoring devices market is expected to reach USD 1.9 billion by 2024, according to a new report by Grand View Research, Inc. The growing geriatric population base and the spiraling number of surgeries are anticipated to boost the market growth. Geriatric patients are the target population for this industry as they are highly prone to various chronic disorders and are at a higher risk of developing complications.

The rising awareness amongst the physicians about the various factors that affect patient outcomes, such as the choice of anesthetic drug, the appropriate route of administration, and the right dose of the anesthetic agent, as well as the monitoring of the depth of anesthesia is likely to accelerate the growth of the market during the forecast period.

Technological advancements in terms of accuracy, portability, and affordability have resulted in the increased usage of these monitoring devices. For instance, the introduction of the new generation, microprocessor-based intelligent anesthesia systems with integrated monitors enables monitoring of various parameters along with the precisely-controlled administration of the anesthetic agent.

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Further key findings from the study suggest:

• Amongst the product type segments, the advanced anesthesia monitors segment held a lucrative share of over 60.0% in 2015 owing to its durability, reliability, and accuracy. Moreover, these devices monitor various significant parameters such as oxygen saturation level, carbon dioxide level, heart rate, and blood pressure.
• The hospitals in the end-use segment exhibited remunerative growth in 2015; this can be attributed to the presence of advanced diagnostic and therapeutic medical technologies that enables both, faster and accurate diagnosis. Moreover, the availability of these advanced systems coupled with the presence of skilled personnel contributes towards profitable growth of this segment.
• North America dominated the overall market with a revenue share of over 35.0% in 2015 owing to the presence of well-developed health care settings and the presence of a favorable reimbursement network, government funding, and increasing health awareness levels amongst the people.
• However, Asia Pacific is anticipated to be the fastest growing region with a CAGR of about 11.0% over the forecast period. The economic developments and the advancing healthcare system with the aid of supportive government initiatives are collectively anticipated to further assist the growth in this region.
• Some key players operating in the anesthesia monitoring devices market include Masimo Corporation, Infinium Medical, Inc., Medtronic plc, GE Healthcare, Nihon Kohden Corporation, Philips Healthcare, Mindray Medical International Ltd., Drägerwerk AG & Co. KGaA, and Schiller AG. New product development, mergers, and collaborations are some key initiatives taken to sustain themselves in the competition.
• For instance, Masimo Corporation incorporated Oxygen Reverse Index (ORI) which measures the oxygen levels and provides real-time information with regard to the patient’s oxygen reserve in synchronization with the partial pressure of oxygen to prevent hyperoxia conditions (oxygen levels above normal) in patients that are receiving auxiliary oxygen supply whilst undergoing surgery.

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Centralization and Digitalization of the Back-End Processes in Healthcare Driving RCM Market

The global revenue cycle management (rcm) market is expected to reach USD 65.2 billion by 2025, according to a new report by Grand View Research, Inc. The healthcare system is witnessing a paradigm shift primarily due to the changing dynamics of the business models.

These changing dynamics of the hospital industry in developed regions is expected to involve centralization and digitalization of the back-end processes, thereby demanding the implementation of revenue cycle management, which is anticipated to positively affect the market growth.

The healthcare industry is extremely vast and its centralization will help in synchronizing the entire work process along with providing economic benefits. Almost all industries aim to achieve lean management and six-sigma incorporation in their work culture to optimize resource usage and increase efficiency.

Furthermore, development of value-added services, i.e., integration of RCM system with other healthcare IT solutions such as practice management, Electronic Health Record (EHR), Computerized Physician Order Entry (CPOE) is anticipated to propel demand over the forecast period. For instance, Kareo, Inc. are multiple software enlisted in their portfolio that find high application in integrated solutions along with being used as standalone options.

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Further Key Findings From The Study Suggest:

• Services are expected to witness highest growth at a CAGR of over 11.0%. In particular, denial management and accounts receivable services are expected to be highly outsourced over the forecast period.
• Integrated solutions are anticipated to be the fastest growing segment. These can be used cohesively along with various other software to enhance efficiency and communication across different departments.
• The web-based segment is predicted to dominate the RCM market in 2025. These services are more affordable than cloud-based solutions.
• Hospitals and other end-users are expected to be the most lucrative segments over the next 8 years. To further support the segment, physician offices are also expected to contribute stable revenue, thereby promoting overall market growth.
• Asia Pacific followed by Latin America are expected to report fastest CAGR for the next 9 years. Furthermore, regions in MEA such as Saudi Arabia, Egypt, and Abu Dhabi, which are currently undergoing IT infrastructure development are expected to present lucrative opportunities.
• Major participants include McKesson Corporation; Epic Systems; Cerner Corporation; CareCloud Corporation; Kareo, Inc.; The SSI Group, LLC; Quest Diagnostics, Inc.; eClinicalWorks; athenahealth, Inc.; and Allscripts. Other firms include AdvantEdge Healthcare Solutions, Anthelio Healthcare Solutions, Greenway Health, LLC; and NextGen Healthcare

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Functional Textile Finishing Agents Market is Projected to Grow at CAGR of 4.8% by 2025

The global functional textile finishing agents market value is anticipated to exceed USD 4.52 billion by 2025, according to a new report by Grand View Research, Inc. The rising consumer demand for protective fabrics due to growing health awareness and hygienic concerns is expected to steer the market growth in the coming years.

Increasing purchasing power and disposable income in the emerging economies including China, Russia, Brazil, and India is projected to increase the demand for functional textile finishing agents in the next nine years. However, strict regulatory guidelines adopted in the usage of chemicals due to its toxic impacts on human health and environment, it is anticipated to remain a vital challenge for the global manufacturers.

Repellant and release agents dominated the textile furnishing finishing agents market in 2015, with demand exceeding 250 kilo tons for the same year. It is projected to grow at an estimated CAGR of 4.8% from 2016 to 2025. Flame retardant chemicals accounted for over 22% of global consumption in 2015. Increasing usage of performance finishing agents to discover innovative value-added fabrics so as to strengthen existing product lines and diversify into new horizons is expected to further boost the industry growth over the forecast period.

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Further key findings from the report suggest:

• The global functional textile finishing agents demand was 1,114.2 kilo tons in 2015 and is anticipated to grow at a CAGR of 5% over the forecast period
• Temperature regulation agents market is anticipated to reach a net worth exceeding USD 480 million by 2025
• Asia Pacific market is expected to grow at an estimated CAGR of 5.5% from 2016 to 2025. Asian manufacturers are launching innovative performance finishing products to increase their customer base.
• Expansion of multinational players in the region, along with growing local consumption and stable economic conditions is projected to support the regional growth in the coming years.
• Market dynamics including strict regulatory amendments, technological advancements, and changing consumption and demand patterns are anticipated to impact the industry growth.
• The global functional textile finishing agents market is consolidated with the top five companies to account for over 45% of the share in 2015. Major companies identified in this industry include Dow Chemical Company, BASF, Bayer AG, Sumitomo Chemicals Co. Ltd. and Huntsman International LLC.

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