Market Forecast News: June 2017

Friday 30 June 2017

Analysts Predict Lightning Growth for Global 4D Printing Market

The global 4D Printing Market is expected to reach USD 313.1 million by 2025, according to a new report by Grand View Research, Inc. 4D printing is an advanced process for printing customizable smart materials where an object is 3D printed using a programmable material. It enables the material objects to adjust their appearance or shape over time by using internal or external stimuli, such as change in temperature or water immersion subjected to pressure, electric current, UV light, or other form energies. 4D printing, with its form changing tools, is estimated to revolutionize every industry on a global scale as the technology offers advantages of reduced resource consumption and energy wastage.

Researchers are increasingly emphasizing on 4D printing materials, primarily focusing at the microscopic level. Technologies incorporating shape memory alloys are developed wherein a temperature change results in the change of an object’s shape. Additionally, newer technologies are also utilizing electroactive polymers, pressurized fluids, smart materials, and chemicals.

Technology needs are ever increasing in today’s rapidly changing environment. The market is anticipated to witness a robust growth over the forecast period, which is ascribed to the increased demand for technological innovation in the fields of military & defense, automotive, aerospace, and healthcare, resulting in the rising adoption of 4D printing. Additionally, the latent scope for innovations and product development is likely to supplement the market demand over the coming years.

The increasing demand for reduction in the cost of manufacturing and processing is another major factor anticipated to accelerate the 4D printing market growth by 2025. Moreover, there is a growing demand for efficient material and resource management. The self-transforming property of the technology would lead to the use of limited materials for several purposes, which in turn would lead to reduced wastage of natural resources, thereby maintaining a sustainable environment. Thus, the increasing focus on ensuring a sustainable environment is likely to accelerate the demand in the near future.

The high development cost, growing insecurity of policy makers as the technology is yet to be commercialized, and rising issues related to intellectual property rights and potential safety hazards are some of the factors estimated to restrain the development of the 4D printing market. However, the increasing opportunities for key players are expected to overpower the aforementioned restraints, thereby driving the growth over the next few years.

Browse Full Research Report on 4D Printing Market:
http://www.grandviewresearch.com/industry-analysis/4d-printing-market

Further key findings from the report suggest:

The global 4D printing market is estimated to reach USD 64.5 million by 2019 and grow at a CAGR exceeding 33.2% from 2020 to 2025, which is primarily attributed to its rising demand in the military & defense, aerospace, automotive, and healthcare industries.
Programmable carbon fiber is anticipated to emerge as the largest product segment over the forecast period as it is extremely light and strong, like traditional carbon fiber; requires no complex electronics, actuators, or sensors; minimizes failure-prone mechanisms; and decreases the total weight of the product.
The military & defense sector is expected to be the largest contributor to the overall 4D printing market, accounting for more than 25% of the share in 2019, which is followed by the aerospace segment.
North America is anticipated to emerge as a dominant region for 4D printing market by 2025 owing to high investments in R&D in the region, which is boosting the 4D printing technology.
Key players such as Stratasys Ltd., Autodesk Inc., and Hewlett-Packard Inc. are estimated to dominate the market over the forecast period with their emphasis on expanding the market presence through a series of new product launches, announcements, and partnerships.

Access Press Release of this Report: http://www.grandviewresearch.com/press-release/global-4d-printing-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Necessity of 3D Print Model Driving Market in Automotive & HealthCare Industries: Grand View Research, Inc.

The global market for 3D printing was estimated to be USD 2,183 million in 2012, and is expected to reach USD 8,675.7 million by 2020, as per a new study by Grand View Research, Inc. The ability to facilitate low-volume manufacturing in a cost-effective manner is expected to fuel the market over the next few years. Further, the report analyzes that the growing need for flexible and customized products is expected to positively impact demand for 3D printing.

Automotive and healthcare industries in particular, are estimated to be key growth areas for revenue generation. Automotive is expected to be the largest and fastest growing application, with an estimated CAGR of 19.6% from 2013 to 2020. The market for medical applications was valued at USD 397.2 million in 2012, with dental applications expected to contribute largely to this segment. Concerns over protection of intellectual property from products manufactured using 3D printing are expected to restrain the industry from reaching its target potential. Backward integration in the value chain in terms of acquisitions of software 3D designing participants has been analyzed to be an opportunity for gaining competitive advantage.

Browse Full research report on 3D Printing Market Analysis:
http://www.grandviewresearch.com/industry-analysis/3d-printing-industry-analysis

Further Key findings from the study suggest:

North America led the market, with approximately 42% of the overall market share in 2012
Europe is expected to grow at the highest CAGR of 20.4% from 2013 to 2020, which can primarily be attributed to increase in funding from regulatory bodies. Furthermore, increasing investment in research and development are expected to be favorable factors for market expansion in this region
In terms of raw material used for manufacturing, polymers are expected to dominate the market, and accounted for more than 35% of the overall revenue in 2012
The industry is moderately consolidated, with mergers and acquisitions emerging as the key growth strategy. Major industry participants include Stratasys Inc., 3D Systems Corporation, Envisiontec GmbH, and Materialise NV among others.

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Thursday 29 June 2017

New market opportunities for 3D Cell Culture Manufacturers: Grand View Research, Inc

The global 3D cell culture market is anticipated to reach USD 1.69 billion by 2024, according to a new report by Grand View Research, Inc. Potential of this technology to replace and reduce the usage of animal models for histological analysis and biochemical assays is expected to fuel demand for 3D cell culture products thus driving growth in the coming years.

Advent of technology with respect to spheroid formation and matured assay methods, is expected to boost the emergence of 3D optimized assays, kits, and protocols, in turn, expediting the entire research process. In addition, the scope of three-dimensional (3D) cell culturing experiments for evaluation of drug moiety is anticipated to grow owing to advantages associated with its usage. These advantages include increased cell to extra cellular matrix (ECM) as well as intercellular interactions, variation in the proliferation zones, ease for analyzing impact of site-specific stromal tissue components in the tumor microenvironment.

Research initiatives carried out to develop multidimensional cultures that offer compatibility with automated lab equipment and suitability for HTS feature in order to facilitate high content screening assay, signaling, and migration are expected to fuel the growth of this vertical through to 2024.

Browse Full Overview of Report: http://www.grandviewresearch.com/industry-analysis/3d-cell-culture-market

Further key findings from the report suggest:

Scaffold-based technique accounted for the revenue share of over 40% because of the potential these possess for the recreation of structural and physical environment of a living tissue. Availability of choice for the material and structure of the scaffold for different in vitro applications is supportive for the estimated revenue share of this segment. Hydrogel or ECM and solid scaffolds are estimated to capture a comparatively sizable share of the revenue, attributed to the presence of different products in this segment.
Spheroid development techniques are estimated to contribute significantly in increasing the revenue share of scaffold-free technology. These enable multicellular arrangement, thus making them an influential tool for a range of applications, particularly in cancer and stem cell research. Oncology is estimated to account for the dominant share in 2015 owing to the presence of higher incidence rate of cancers coupled with phenotypic heterogeneity achieved using 3D culturing. Stem cell research is anticipated to witness lucrative growth in the coming years as a consequence of the upcoming projects in this segment for development of effective therapies.
Key end users for this technology are pharma & biotech entities, research laboratories and institutes. Pharma & biotech entities accounted for the largest share of the revenue in 2015 owing to the high usage of technology in different steps of drug discovery which include target validation, lead optimization, penetration studies, and safety assessment or toxicity screening.
North America dominated the next generation sequencing data analysis market with a share of over 40% as a result of the presence of several organizations operating in this region. Moreover, the significant number of R&D projects carried out in institutes is resulting in the high demand, affecting the revenue growth significantly.
However, Asia Pacific is expected to witness substantially high growth through to 2024, which is attributable to the rise in number of research grants for drug development and tissue engineering projects in the developing economies of this region. Furthermore, positive R&D outcomes encouraging the incorporation of three dimensional cultures in regenerative medicine is expected to impact this sector with potential opportunities for growth.
The market is fragmented in nature and includes established as well as emerging players These entities include 3D Biomatrix, Corning Inc, Nano3D Biosciences, Merck, Becton Dickinson and Company, Thermo Fisher Scientific, InSphero AG, Lonza Group, Tecan, 3D Biotek LLC, VWR International, LLC, and Global Cell Solutions, Inc.
These companies are involved in collaborations and co-marketing agreements for enhancement of product portfolio as well as global presence. For instance, Tecan and CellSpring entered into collaboration for automation of the 3D Bloom platform on a Freedom EVO workstation.

Browse Press Release of this Report: http://www.grandviewresearch.com/industry-analysis/3d-cell-culture-market

About Grand View Research

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

For more Information: www.grandviewresearch.com

Workforce Management Market: Advancement in Data Gathering & Analytical Tools

The global workforce management market is expected to reach USD 11.09 billion by 2025, according to a new study by Grand View Research, Inc. Globalization, a younger and more diverse workforce, and the growing use of digitalization in day-to-day operations of organizations are anticipated to aid the growth of the workforce management market in coming years. The demand for interaction and integration in daily operations and the necessity to operate as a unified enterprise are further driving technological as well as social advancements in companies worldwide.

Workforce management is a multi-faceted solution which has enabled prominent changes and generated significant paybacks, both in terms of revenue and ease of usage, and it continues to evolve even today. The increasing adoption of mobile devices is expected to play a vital role in the industry as numerous companies have cited a keen interest in enhancing their mobile capabilities in the near future. In addition, the absence & leave management solutions are also anticipated to witness a surge in demand as organizations across the world embrace digital tracking at a rapid rate.

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

While the overall demand for workforce management solutions is growing, resistance to change and training employees to adapt to new technologies may act as hindrances in the growth trajectory for a couple of years. The role of management solutions in HR is shifting from administration to planning and analysis wherein the major development focus would be on data gathering and analytical tools. As the industry matures, a greater influx of big data and mobility into mainstream solutions can be expected to define the market direction.

As workforce management solutions continue to gain traction in the industry, there would be a profound effect on the biometric terminals used for time & attendance applications. Furthermore, the adoption of cloud and Software-as-a-Service (SaaS) will also drive the replacement of legacy systems with modern and enhanced solutions to better stimulate workforce integration. To sum up the industry developments, trends such as agility, employee engagement, data gathering and analysis, and the use of HR as a strategic pillar of the organization will propel the market in coming years.

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Radiodermatitis: One of the Booming and High Growth Market in Pharmaceuticals Industry

The global radiodermatitis market is expected to reach USD 442.1 million by 2025, according to a new report by Grand View Research, Inc. The global radiodermatitis market is expected to grow at an unprecedented rate owing to the growing prevalence of cancer patients undergoing radiation therapy. The demand for radiodermatitis treatment is also accentuated by unmet medical needs of consumers in emerging as well as developed regions. Increasing focus of government healthcare organizations for promoting awareness about available treatment products for radiodermatitisis predicted to present the market with high potential growth opportunities.

In addition, increasing R&D activities in the area of life sciences is presumed to be one of the significant factors contributing toward growth of this market. For instance, in December 2016, Mölnlycke Health Care AB entered into a licensing agreement with a Texas-based R&D company Rochal Industries. This agreement was carried out to reinforce its position as a prevention solutions firm. In addition, they have signed a joint agreement to enhance their R&D capabilities and commercialize new patented technological platforms.Other factors such as escalating number of product launches with respect to radiodermatitis treatment and increasing demand for these products are expected to boost the overall market growth.

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

Further key findings from the report suggest:

Topical products captured the largest share in the product segment in 2016. The dominant share is attributable to ease in availability, greater convenience, and superiority over oral products
Topical products are also anticipated to grow at an exponential rate owing to their availability in various formulations such as creams, gels, and ointments according to the requirement of the patient
In 2016, retail pharmacy accounted for the substantial share of the distribution channel segment as a consequence of ease in availability and high convenience associated with it.
Asia Pacific held the largest share of the radiodermatitis market owing to presence of a large cancer patient base present across this region
North America held the secondlargest share owing to extensive R&D activities that have fueled high potential growth opportunities
In addition, availability of therapeutically advanced products across North America is one of the major factors contributing toward itshighshare
The competition is marked by major players undertaking strategies such as product launches, distribution agreements, and strategic collaborations that haveled to significant growth in their respective market share

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Active Pharmaceutical Ingredients Market has very promising future thanks to the increasing investments

The global active pharmaceutical ingredients (API) market is expected to reach a value of USD 239.8 billion by 2025, based on a new report by Grand View Research, Inc. The rising prevalence of lifestyle-induced & age-related diseases and cancer is projected to drive the market over the forecast period. Advancements in recombinant molecular technologies and high capitalization for development of novel drugs are also estimated to boost growth.

Favorable government initiatives for increasing focus toward generic drugs is a key factor for market growth. Decrease in generic drug prices, higher acceptance in low income and decrease in reimbursement for branded drugs are the recent trends in the market affirming growth of generic drugs.

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

Further Key Findings from the Study Suggest:

Synthetic APIs was the largest segment by revenue share in 2015 owing to high demand.
Biotech APIs are estimated to grow lucratively over the forecast period with high R&D initiatives being undertaken for their development
Captive manufacturers, being the conventional option of API manufacturing, held the majority of the share.
On the other hand, the merchant manufacturers segment is expected to be fastest-growing due to growing outsourcing activities
Generic APIs will experience lucrative growth over the forecast period attributed to patent expirations of branded drugs
APIs are identified to have highest application in cardiovascular therapeutics. Increasing mortality caused by heart diseases and growing demand for fast-acting drugs are the major factors contributing to dominance
North America dominated in terms of revenue share in 2015 and Asia Pacific is expected to grow at a significant growth rate over the forecast period
Some of the major companies in the API market are AbbVie, Inc., Boehringer Ingelheim GmbH, Cipla, Inc., and Merck & Co., Inc.

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Asia Pacific Region – One of the Dominant Market for Acrylonitrile Butadiene Styrene [2022]: Business Research Report

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.

To request a sample copy or view summary of this report:

http://www.grandviewresearch.com/industry-analysis/acrylonitrile-butadiene-styrene-market

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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Know about the Future of Acoustic Insulation Market and what makes it a Booming industry

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

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

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

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

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

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

Further key findings from the report suggest:

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

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Business Prospects and Future Scope of Acetic Acid Market in Chemical Industry

Global Acetic Acid Market is expected to reach USD 13.31 billion by 2022, according to a new study by Grand View Research, Inc. Increasing consumption of PTA for manufacturing polyester coupled with rising application scope of polyester in the textile industry is likely to fuel acetic acid market growth over the next seven years. Growing demand for VAM which is used as a precursor for manufacturing EVA and EVAc coupled with an increasing consumption of these downstream chemicals in the formulation of solvents and adhesives is expected to drive acetic acid market. Acetic acid is also used as a key ingredient in vinegar. Rising demand for vinegar owing to numerous health benefits associated with it is expected to augment market growth over the forecast period.

Acetic acid demand for manufacturing VAM exceeded 3,600 kilo tons in 2014 and the segment is projected to grow at a CAGR of over 4% from 2015 to 2022. Vinyl acetate monomer (VAM) is used in production of various adhesives and water based paints. Rising demand for industrial coatings and paints on account of growing infrastructure, specifically in emerging economies including China, Brazil and India, is a key factor for the growth of (VAM) over the forecast period.

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

Further key findings from the study suggest:

China was the largest market for acetic acid in 2014 alone accounting for over 40% of the global volume demand. Presence of a robust manufacturing hub in the region has been one of the primary factors for the high demand of acetic acid over the past few years. In addition, positive outlook regarding expansion of the manufacturing industry in the region is expected to maintain dominance of China within the global acetic acid market over the forecast period.
Asia Pacific was the second largest market for acetic acid, with India and Japan dominating the regional market. Asia acetic acid market is projected to grow at a CAGR of over 10.0% over the forecast period and is estimated to reach a value of over USD 3.0 billion by 2022.
PTA is expected to be the fastest growing application segment within the global acetic acid market, owing to the increasing demand for polyester from the textile and packaging end-use industries. Global acetic acid demand for PTA exceeded 2,500 kilo tons in 2014 and is expected to be over 3,800 kilo tons by 2020, growing at a CAGR of over 5.0% from 2015 and 2022.
Key players present in the global acetic acid market include Celanese, Jiangsu Sopo (Group) Co., BP, Eastman Chemicals, DuPont, BASF and Wacker Chemie. The market is highly fragmented in nature owing to the presence of numerous manufacturers with various scales of production capacities.

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

About Grand View Research

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

For More Information: www.grandviewresearch.com

Wednesday 28 June 2017

Premium Insights on Animal Feed Micronutrients Market 2025 with Regional Analysis and Key Industry Trends

The global animal feed micronutrients market is expected to reach USD 2.12 billion by 2025, according to a new report by Grand View Research, Inc. The demand is expected to grow significantly over the coming years on account of high application scope coupled with increasing utilization in poultry application.

The market is driven by the capability of the product to increase the weight and improve the overall health of the animals. The deficiency of micronutrients can lead to hardening & cracking lesions on pig skin and slow growth, poor feathering, & abnormal skeletal development in poultry. This is likely to have a positive impact on the consumption over the forecast period.

Asia Pacific was the major consumer of the product in 2016 and is expected to witness growth at a CAGR of 7.8% from 2017 to 2025. Factors such as rapid urbanization, growing population, and rising consumer willingness to spend are expected to increase the demand for various kinds of meat including pork and beef, thereby leading to the market growth.

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

Further key findings from the report suggest:

Zinc was the largest product segment and accounted for a revenue share of 31.4% in 2016 due to its ability to maintain appetite, skin & skeletal health, reproductive efficiency, and strong immune system
Boron, a trace mineral, is majorly found in fruits, vegetables, nuts, and legumes. The demand for the product is likely to grow on account of its ability to regulate bone development, brain function, mineral metabolism, substrate energy usage, immunity, and insulin creation.
Aqua feed is expected to grow at a CAGR of 5.9% from 2017 to 2025 due to the growing importance of aquaculture to fulfil the high demand for seafood
Central & South America accounted for a share of 11.0% of the global market in 2016. It is expected to be the third fastest growing region on account of high feed production growth in Argentina, Bolivia, and Paraguay
In March 2017, Archer Daniels Midland Company announced the expansion of its animal food business in China with investments in new feed-premix facilities
In April 2016, Cargill invested approximately USD 25 million to expand its animal nutrition plant in Spain in an attempt to help the company strengthen its position in Europe

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Asia Pacific Region – One of the Dominant Market for Augmented & Virtual Reality [2025]: Business Research Report

The global augmented reality & virtual reality in healthcare market is expected to reach USD 5.1 billion by 2025 according to a new report by Grand View Research, Inc. The growing adoption of Augmented Reality (AR) & Virtual Reality (VR) in medical field, increasing investments in such emerging technologies, and constant developments in healthcare IT are some of the key factors responsible for growth of this market.

The market is majorly driven by applications in surgical simulations, diagnostic imaging, patient care management, rehabilitation, and health management. The application of AR & VR in training medical professionals provides them enhanced understanding of anatomy & physiology and assists in complicated surgeries that require precision, thus, resulting in reduced complications and lesser trauma. VR helps patients get over their worst fears and phobias through the exposure therapy. These technologies are also gaining significance in fitness management due to the development of various health apps that help train doctors as well as patients.

The use of these advanced technologies in live streaming of surgeries for medical education coupled with patient monitoring & pain management serves as a market opportunity and is predicted to drive the segment substantially. These new disruptive technologies have revolutionized medical field and provide an innovative approach for transforming healthcare experience. The increasing focus on streamlining medical operations along with demand for better delivery of care services are driving the growing adoption of these technologies.

Increase in number of startups has led to higher demand for investments to fund development of AR & VR technologies. The market is witnessing an increase in private investments by various investors, which is expected to boost growth further. For instance, Swiss-based startup MindMaze is a well-funded company that has raised USD 100 million from Hinduja Group for development of VR hardware & software. In addition, increased government funding and supportive initiatives are expected to drive growth.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/virtual-reality-vr-in-healthcare-market

Further key findings from the report suggest:

The hardware segment held the majority of the revenue share in 2016 due to rise in adoption of wearable devices in healthcare
AR dominated the technology segment in 2016 owing to its increasing adoption in surgeries and medical training
North America dominated the global market for AR and VR due to greater adoption of advanced technology and sophisticated infrastructure
Asia Pacific AR and VR market is expected to witness a lucrative growth of 33% over the forecast period
Some of the key players include CAE HEALTHCARE; GE Healthcare; Intuitive Surgical; Hologic, Inc.; Virtual Realities, LLC; and Philips Healthcare

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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.

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

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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Key Factors that Drive & Impede the Growth of World Lecithin Market

The global lecithin market is expected to reach USD 1.49 billion by 2025, according to a new report by Grand View Research, Inc. The growing awareness about natural emulsifiers and its rising demand in the manufacturing of food products is expected to drive the market growth.

The emulsification and lubricant properties exhibited by lecithin coupled with eco-friendly nature have increased its importance. The product has numerous applications in the pharmaceutical, food & beverage, animal feed, paints, and industrial sectors. The growing demand for the product in chocolate & confectionery, margarine & spreads, bakery products, and beverages is anticipated to propel the market growth.

The demand in Europe is increasing rapidly owing to the presence of a large number of sunflower lecithin manufacturing facilities in the region. The market in Asia Pacific is anticipated to grow rapidly on account of growing number of oilseed crushing facilities coupled with the prospects of exporting lecithin to Europe. The availability of non-GMO soybean in the region is expected to have a positive impact on the market growth.

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Further key findings from the report suggest:

Sunflower lecithin is the fastest growing product segment and expected to register a CAGR of 7.6% from 2017 to 2025 owing to decrease in soybean lecithin demand
Bakery application segment is projected to grow at a CAGR of 6.6% from 2017 to 2025 on account of the growing demand for sugar-free bakery products
Industrial application segment is projected to grow at a CAGR of 6.0% from 2017 to 2025 owing to the growing demand for products derived from natural sources
North America accounted for 28.5% of the global market share in 2016 owing to the presence of a large number of soybean fields in the U.S. and Canada
The market value of lecithin in the Central & South America region is expected to grow to USD 0.16 billion in 2025 backed by the growing consumption in Brazil and Argentina
The market is highly fragmented in nature with the presence of a large number of small and large manufacturers
Manufacturers have focused their research efforts on extracting lecithin from sources such as rice and maize to keep up with the growing demand

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Plating on Plastics Market Swells a Growth of $777.27 Million By 2025

The global plating on plastics market is expected to reach USD 777.27 million by 2025, according to a new report by Grand View Research, Inc. Rising applications in automotive and electronics industry has been a major factor driving the market growth. POP involves plating a metal such as chrome, nickel and others onto a polymer substrate. It is done in order to deliver functional and decorative benefits to the resin.

Plating ability has an inverse relation with the chemical resistance of the polymer substrate, which means higher the chemical resistance, the more difficult it is to plate. Thus, manufacturers prefer ABS for plating. ABS was estimated as the largest plastic category in 2016 and is expected to grow substantially over the forecast period. Other popular plastic types include ABS/PC, PBT, PEEK and others.

Applications in electronics are expected to register the fastest growth over the next eight years with an estimated CAGR of around 8.1% from 2017 to 2025. Added benefits of metal to the plastic substrate enhance the overall strength, aesthetic appearance and corrosion resistance of the product. The finished product is light weight and is ideal to be used in automotive, electronics and other end use industries. Increasing environmental concerns and need for cheaper light weight vehicles is posing higher demand for POP market. The application areas of POP are also expanding in utilities, medical devices and consumer goods owing to their wide benefits.

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Further key findings from the report suggest:

The global POP demand reached USD 411.6 million in 2016 and is expected to grow at a CAGR of 7.3% from 2016 to 2025. ABS emerged as the largest plastic segment in 2016 and is estimated to generate revenue over USD 580 million by 2025
Global demand in automotive segment was USD 311.4 million in 2016 and is anticipated to witness substantial growth over the next eight years. The U.S. market in automotive segment was estimated at USD 48.7 million in 2016 and is projected to reach a total revenue of over USD 86 million 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 automotive & electronics segment. This region is expected to grow at a CAGR of 8.2% from 2017 to 2025
Key players including Atotech, Cybershield, Dow Chemical and Sharrets Plating Inc. dominated the global plating on plastics market

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Thursday 22 June 2017

X-Ray Security Screening Market: Opening Airways and Opportunities

The Global X-Ray Security Screening Market is expected to reach USD 2.89 billion by 2020, according to a new study by Grand View Research, Inc. Threats pertaining to piracy, drug trade, cross-border terrorism, human trafficking, etc., are anticipated to fuel global x-ray security screening market demand over the forecast period. The risk of terrorist attack has driven investment in the aviation security. Further, illegal arms, drug trafficking and immigration have heightened border security, which is expected to favorably impact the demand for body & baggage screening systems and explosive detection systems.

The sales of x-ray security and inspection systems significantly rely on the decision of governmental agencies to upgrade or expand existing border crossing inspection sites, airports, seaport inspection sites, military facilities, and other security installations. The decision of governmental agencies to incorporate new systems or to upgrade existing infrastructure plays an important role in driving market demand. Further, the aviation sector has to keep pace with evolving travel environment by adopting several security measures, which is expected to drive the x-ray security screening market over the next few years. Development of flexible security screening systems in order to address terror threats is also anticipated to fuel market demand. In addition, upgrades for existing installations provide opportunities for market growth. However, ionizing radiations generated by x-ray security scanners are known to be carcinogenic, and may hinder market growth over the forecast period.

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Further key findings from the study suggest:

The transit sector is poised for high growth over the forecast period. X-ray security screening systems are primarily used for baggage screening, and account for substantial usage across the civil aviation sector.
X-ray security screening exhibits high penetration in the government sector, and accounted for substantial market share in 2013. Upgrades for existing installations are expected to drive the regional market demand, particularly across the border security application. The decision of governmental agencies to incorporate new systems or to upgrade existing infrastructure plays an important role in driving market demand.
Product screening accounted for considerable market share in 2013, with significant demand originating from the cargo and baggage screening applications.
North America accounted for a sizable share of the global x-ray security screening market in 2013. The Homeland Security Department has invested heavily in U.S. customs and border security, which is expected to catapult the segment demand over the forecast period.
A few key industry participants, including OSI Systems (Rapiscan), Smiths Detection, American Science and Engineering, Morpho Detection and Analogic Corporation are constantly innovating with considerable R&D investments to gain competitve advantage, and maintain strong market position.

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Key Factors that Drive and Impede Growth of World Xanthan Gum Market

Global Xanthan Gum Market is expected to reach USD 987.7 million by 2020, according to a new study by Grand View Research, Inc. Growth of oil & gas industry is expected to be one of the primary factors driving xanthan gum demand over the forecast period. Increasing use of xanthan gum as an emulsion across a wide array of applications including salad dressings, toppings, relishes, sauces, non-fat milk, dairy products, baked and frozen foods coupled with growth of food & beverage industry is anticipated to augment market growth.

Oil & gas and food & beverages together accounted for over 80% of xanthan gum market in terms of volume as well as revenue in 2013. Food & beverages is anticipated to be the fastest growing application of xanthan gum over the forecast period closely followed by oil & gas. Growing population, changing lifestyle of consumers and rising number of restaurants and cafes especially in India and China coupled with increasing use of xanthan gum as a low price alternative to guar gum in a wide range of food applications is expected to result in high demand for xanthan gum. Increasing demand for petroleum and petrochemicals is expected to result in increasing use of xanthan gum over the forecast period as it is an important component employed in drilling fluids.

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Further key findings from the study suggest:

Asia Pacific was the largest market accounting for over 40% of global xanthan gum volume share in 2013. Food & beverage growth in China, India, Malaysia and Singapore is expected to drive xanthan gum market over the forecast period. In addition, growing oil & gas production in China on account of their rising demand in automobile and chemical industries is expected to have a positive impact on xanthan gum market over the next six years.
Xanthan gum market demand in pharmaceutical applications accounted for less than 5% in 2013. Xanthan gum is primarily used to retard drug release in tablets and is compatible with numerous stabilizers and thickeners. Growth in the pharmaceutical industry is likely to propel xanthan gum demand over the next six years.
Recovery of pharmaceutical industry in the U.S. is expected to drive xanthan gum market growth over the forecast period. Positive industry outlook of pharmaceutical sector in China and India on account of favorable FDI policies and supporting regulatory policies to boost domestic production output is expected to have a positive impact on xanthan gum market.
U.S. Department of Commerce announced antidumping duties on imports of xanthan gum from China. This move is anticipated to restrict the supply of xanthan gum manufactured in China. Companies operating in China, including Fufeng and Deosen, are likely to be negatively impacted by the implementation of antidumping duties in the U.S. Antidumping duties are anticipated to be in the range of 15% to 154%.
Key market participants include Fufeng Group, Deosen Biochemical Ltd, CP Kelco, ADM, Jungbunzlauer, DuPont Danisco, Meihua Group and Pfizer Inc. Xanthan gum production is confined to the U.S., Austria, France and China. Raw material availability in China and Austria is anticipated to force market players to maintain their manufacturing units in vicinity.

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Rising Demand for Sugar-Free Chewing Gum & Confectionery Driving Xylitol Market Growth

The global xylitol market is expected to reach USD 1.37 billion by 2025, according to a new report by Grand View Research, Inc. Increased prevalence of lifestyle diseases such as diabetes and obesity accelerated demand for low calorie sweeteners. Several health benefits associated with xylitol such as tooth decay defying properties and low glycemic index have encouraged its usage in numerous applications.

Rising health concern has changed the buying behavior of consumers significantly. Consumers in developed and developing countries have exhibited growing preference for low calorie food and confectionery items. Changing customer need is anticipated to drive the xylitol market over the forecast period.

Rising demand for sugar-free chewing gum and confectionery was the key driver of the global xylitol market. Increasing presence of chewing gum, confectionary, and oral care product manufacturers in Asia Pacific region is estimated to bolster demand over the next few years.

Asia Pacific dominated the xylitol market, accounting for around 41% share of the global market revenue in 2015. Rising population, rapid urbanization, and changed lifestyle in developing countries of Asia Pacific has set new trends in the Asia Pacific market. Increased disposable income and risen consumer awareness in countries such as China, Japan, India, South Korea, Malaysia, Indonesia, and Singapore have spurred the demand for healthy products.

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Further key findings from the report suggest:

The global xylitol market was valued at USD 737.2 million in 2015 and is expected to grow at a CAGR of 6.6% from 2016 to 2025
In terms of application, chewing gum segment dominated the global xylitol market, accounting for over 67% of global volume in 2015
Demand for xylitol in chewing gum is expected to grow over the next nine years on account of various health benefits associated with xylitol
Chewing gum application segment is anticipated to expand at the fastest CAGR of 6.2% from 2016 to 2025 due to rising health awareness among consumers
Unique properties of xylitol to protect from cavities, tooth decay, and demineralization of enamel is expected to fuel its usage in oral care
Bakery & other foods are predicted to exhibit promising trend in North America and Europe xylitol market, owing to growing consumer demand for low calorie bakery items
Asia Pacific is projected to witness the fastest growth rate over the forecast period, due to rising health consciousness and weight management program among consumers in developing countries
Dupont Danisco, DFI Corporation, Shandong Futaste Co., Ltd., Xylitol Canada, Inc., Zuchem Inc., and Roquette Freres are some of the key players operating in the xylitol market
The major xylitol manufactures are focusing to reduce their production cost and environmental footprint through introduction of innovative technologies for xylitol extraction

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

The global zeolite market is expected to reach USD 33.80 billion by 2022, according to a new report by Grand View Research, Inc. Increasing refinery output at a global level is expected to be a primary factor for product growth over the forecast period.

Rising need for non-toxic and hydrophilic adsorbents for waste water treatment and water purification is expected to propel product demand. Furthermore, increasing consumption for gas separation is expected to fuel growth over the forecast period.

Abundant availability of raw materials is expected to be a key driver for zeolite market growth. The raw materials are also used in a host of other applications including paper, electronics, fabrication, and ceramics. This may result in hampering raw material supply for zeolite manufacturing owing to the expansion of the aforementioned industries.

Growing demand for petroleum and petrochemical is expected to result in increased use of catalysts as an important compound required in synthesis. Thus, expansion of the oil & gas sector is expected to result in high catalyst demand, which in turn will have a positive impact on the market over the forecast period.

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Further key findings from the report suggest:

Synthetic zeolite are expected to grow at a CAGR of 2.6% in terms of revenue from 2015 to 2022. Emergence of silver infused materials as an antimicrobial agent is expected to open new opportunities for growth in the near future.
Detergent builders were the largest application segment and demand was estimated at over 3,000 kilo tons in 2014 owing to their extensive use as binders in detergents. Growing need for detergents on account of rising consumer awareness regarding hygiene is expected to augment industry growth.
Catalysts are expected to witness growth at a CAGR over 1.5% in terms of volume from 2015 to 2022 owing to oil & gas industry expansion. In addition, growing need for high performance catalysts yielding higher output is expected to drive growth over the next seven years.
Europe was the largest market accounting for over 30.0% of global volume share in 2014. Regulatory framework towards restriction of GHG emissions coupled with robust manufacturing base of refrigerants and detergents in Germany, France, Netherlands and Belgium is expected to fuel demand over the next seven years.
Asia Pacific is expected to witness growth at a CAGR over 3.0% in terms of revenue from 2015 to 2022. Growing need for refrigerants and detergents coupled with increasing product utilization in advanced processing methods in nuclear industry for the removal of nuclear waste is expected to have a positive impact over the forecast period.
Global industry is characterized by integration across raw materials and manufacturing stages of the value chain. Companies including Arkema, Union Showa K K, and Chemiewerk Bad Köstritz manufacture raw materials such as silica and aluminum, which are used in the production of zeolite. In May 2007, Arkema commenced commercial production of Siliporite at its Inowroclaw plant in Poland.

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Wednesday 21 June 2017

The global facial injectables market is expected to reach USD 17.2 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to exhibit lucrative growth during the forecast period, owing to advancements in facial rejuvenation procedures and increasing importance of medical aesthetics across the globe.

Development in products & procedures, as well as change in patient demographics is helping dermatologists and physicians treat multiple facial areas. These advancements help dermatologists or physicians develop customized treatment for patients and facilitate use of combination products to obtain better outcomes. All these factors are expected to assist in the market growth over the forecast period. Augmented products such as Botulinum Toxin Type A (BoNTA) and Hyaluronic Acid (HA) fillers are used in combination to improve outcomes, especially in the lower face procedures. HA fillers are mostly preferred by physicians due to their better acceptance (few instances of hypersensitivity reactions), biodegradable nature, & high viscosity as well as for the longevity they provide to the restored volume.

Minimally invasive surgery, an advanced medical technology, is used for facial rejuvenation, endoscopy, laparoscopy, arthroscopy and other procedures. This procedure is gaining popularity over time owing to faster recovery, low instances of postsurgery infections, lower pain, reduced scarring, and high accuracy & maximum benefits. For instance, as per International Society of Aesthetic Plastic Surgery (ISAPS), more than 20.0 million surgical and nonsurgical cosmetic procedures were performed worldwide in 2014.The number of HA-based surgeries performed in 2014 was 2,690,633, which increased to 2,865,086 in 2015, which is thereby expected to contribute to the growth of this space over the forecast period.

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Further key findings from the study suggest:

The hyaluronic acid segment held a lucrative share in 2016 and is expected to grow at a significant rate over the forecast period owing to increasing preference for combination treatments such as hyaluronic acid with BoNTA.
The BoNTA segment is anticipated to witness the fastest growth over the forecast period due to increasing application in aesthetics and therapeutics
The aesthetics segment is expected to dominate the market during the forecast period owing to increasing expenditure on aesthetic procedures coupled with rising beauty consciousness among consumers
North America is expected to dominate the facial injectables market over the forecast period due to growing geriatric population base, increasing consumer disposable income, and surge in number of facial procedures in the region
Some of the key players in facial injectables market are ALLERGAN; Ipsen; Merz Pharma; Suneva Medical, Inc.; Medytox, Inc.; Sinclair Pharma; Bloomage BioTechnology Corporation Limited; Anika Therapeutics, Inc.; Prollenium Medical Technologies Inc.; and Galderma S.A.

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Increased Focus on Driver Comfort & Convenience Owing to Automotive Infotainment Market Growth

The global automotive infotainment market is expected to reach USD 37.62 billion by 2025, according to a new study by Grand View Research, Inc. The increasing adoption of smartphones is anticipated to have a significant impact on the in-car infotainment market, as they are the most prominently used connectivity gateways of an infotainment system.

The demand for enhanced driving experience is also predicted to drive the market over the forecast period. The increased focus on driver comfort and convenience has led to the development of various automotive infotainment systems, which offer innovative features such as voice control, Bluetooth connectivity, real-time traffic updates, and navigation information. These features provide comprehensive vehicle information to the driver and thereby, enhance safety and driving experience. However, these systems involve high costs of integration and are primarily integrated in premium and luxury vehicles. Inadequate infotainment security and privacy are predicted to hinder the growth of the automotive infotainment market.

The use of infotainment systems in commercial vehicles is mainly driven by the widespread adoption of navigation units. The implementation of navigation and communication units in a commercial vehicle has increased operational efficiency and enabled a reduction in response time during emergency situations. As commercial vehicles have high travel time, compared to passenger cars, improving safety and driver experience is very essential.

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Further key findings from the study suggest:

The communication unit dominated the product segment and was valued at USD 3.9 billion in 2016
The head-up display segment is expected to be the fastest-growing segment with an anticipated CAGR of 13.5% over the forecast period
The key success factor for various participants to gain traction in the market is building cost-effective and driver-centric automotive infotainment systems
Automotive infotainment aftermarket products are cost-effective, as compared to OE fitted, and are much preferred by price sensitive consumers
The passenger car segment is expected to grow at the highest CAGR of 11.4% over the forecast period, owing to the growing trend of low-cost passenger cars
The Asia Pacific region is predicted to witness a CAGR of 11.3% during the forecast period, owing to the presence of prominent OEMs such as Hyundai Motor Company and Toyota Motor Corporation
The key industry participants of the market include Continental AG, Harman International, Panasonic Corporation, Alpine Electronics, Inc., Denso Corporation, Pioneer Corporation, Visteon Corporation, Clarion Co., Ltd., Delphi Automotive PLC, and JVC KENWOOD Corporation

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Profitable Advantages of investment in Western Blotting Market

The global western blotting market is anticipated to reach a value of USD 958.4 million by 2025, according to a new report by Grand View Research, Inc. Rising number of cases with HIV are increasingly contributing towards the growth of western blotting market. This kind of testing is highly effective in detecting HIV among people. According to UNAIDS, nearly 36.7 million people were living with HIV throughout the world in 2015. Such high prevalence of HIV is expected to accelerate the demand for products used in western blotting. Lyme diseases also require western blotting to detect Borrelia burgdorferi (Bb), which causes such diseases. Other diseases which require western blot for detection of specific proteins include mad cow disease, hepatitis, and feline immunodeficiency.

Moreover, significant investments in R&D activities made by pharmaceutical and biotechnology companies are expected to foster growth of western blotting market. According to a news journal, biotech companies spent USD 40.1 billion in 2015 on R&D activities, which was a 16% rise from their 2014 investments. Hence, with rising number of R&D activities, there is an expected rise in the demand for western blotting tests in the near future.

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Further key findings from the study suggest:

In 2016, consumables segment held the largest market share and is also expected to exhibit fastest growth over the forecast period owing to rising diagnostic and research-based activities requiring western blotting
Amongst the application segment, biomedical & biochemical research contributed towards the largest revenue share in 2016 due to increasing government spending in proteomics research
The disease diagnostics segment is anticipated to witness highest CAGR over the forecast period due to rising epidemiology of HIV, Lyme, and other related diseases
Amongst the end-use segment, such as academic & research institutes dominated the market in 2016 owing to growing number of research activities conducted by educational institutions supported by government funding
The pharmaceutical and biotechnology companies are expected to grow at a significant CAGR over the forecast period due to increasing R&D spending by such companies
Some of the key players are Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., F. Hoffmann-La Roche Ltd., GE Healthcare, LI-COR Biosciences, Bio-Techne Corporation, PerkinElmer, Inc., and Merck KGaA.

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World Wind Power Market to Witness Boost in Demand from Renewable Energy

Global wind power market is expected to reach 760.35 GW by 2020 on account of increasing regulatory support from government’s particularly in Europe in order to reduce carbon emissions. Furthermore, financial incentives and tax benefits in countries such as U.K., Italy, Brazil, Spain, U.S. and China have fuelled growth leading to a significant market share in overall electricity generation.

Industrial applications accounted for more than 40% of the total market in 2014 and hence dominated the global market. In addition, industrial application is expected to witness fastest growth, growing at over 13% CAGR from 2015 to 2022.

Rising energy needs in countries such as China, Brazil and India, owing to rapid industrialization is expected to have a positive impact on wind power generation industry. Wind power finds extensive use in various sectors including commercial heating/lighting applications and residential.

Europe had a cumulative installed capacity of 130.85 GW in 2014 and was the leading market for wind power. Europe’s framework legislation and its target to reduce carbon footprint by 2020 is expected to ensure continuous growth of the industry over the forecast period. Furthermore, large investment opportunities in countries including Ukraine and Russia are expected to have a positive impact on market growth. Growing demand from countries including Spain, France, U.K., Italy, and Germany is expected to drive market growth over the forecast period. However, market saturation is a major restraint for the region and is expected to hamper growth over the next six years.

Asia Pacific is expected to witness fastest growth going forward till 2022. Rising government initiatives undertaken by government of India and China to develop wind power generation as means to increase their renewable energy portfolio is likely to propel demand. Asia Pacific accounted for more than 34% of total installed capacity in 2012. Middle East and Africa is projected to be the fastest growing regional market at a CAGR more than 43%.

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Further Key findings from the study suggest:

Europe emerged as the leading market for wind power with a cumulative installed capacity of 109.80 GW of the total market in 2012. Europe’s framework legislation and its target to reduce carbon footprints by 2020 are expected to ensure continuous growth of wind power market in the region
Germany, UK, Italy, Spain and France represent some of the leading markets in Europe. However, huge investment opportunities exist in the Eastern European countries such as Russia, Ukraine etc.
Owing to rapid strides taken by India and China to develop wind power generation, Asia Pacific is expected to overtake Europe to lead the global market by 2020. Asia Pacific accounted for 35.6% of the total installed capacity in 2012. Wind power accounted for a 2% of the total electricity produced in China up from 1.5% in 2011.
North America emerged as the third largest wind power market in 2012. Extension of Production Tax Credit as a part of fiscal cliff package by the U.S. Congress is expected to be a key factor driving the regional market for wind power. The U.S. saw a record number of capacity addition in 2012 as wind power emerged as the largest source of new electricity generation by accounting more than 40% of new capacity added.
Some of the key companies operating in the global wind power market include GE Wind, Vestas, Siemens Wind Power, Enercon, Suzlon Group, Gamesa, Goldwind, United Power, Sinovel and Mingyang.

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About Grand View Research

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

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