Market Forecast News: September 2017

Thursday 28 September 2017

Automated Guided Vehicle Market is growing At a Rapid Pace - Market Analysis and Forecast to 2024

The Automated Guided Vehicle Market is expected to reach USD 1.5 billion by 2024, according to a new study conducted by Grand View Research, Inc. The growing focus on industrial automation, worldwide, is expected to contribute to the revenue growth.

The manifold advantages offered by AGVs, such as reduction in the operational cost, decrement in the production time, and enhanced workforce safety, are substantially energizing the industry growth prospects. These vehicles offer dynamic design solutions that pertinently replace the conventional conveyor systems and their associated high costs. Innovative technologies, such as laser, vision, and natural guidance, are instrumental in creating a high potential for the automated guided vehicle market growth. AGVs with such advanced wireless navigation technologies help in eliminating the need for expensive retrofitting, which is one of the primary factors behind their adoption.

This escalating demand for material handling equipment is projected to drive the market growth over the forecast period. Firms, operating in the warehouse businesses, are focusing on increasing spending on these vehicles to meet the growing demand for their services and to improve the efficiency of their operations.

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

Further key findings from the study suggest:

The tow vehicles segment was valued at USD 297.3 million in 2015 and is expected to grow at a CAGR of 7.6% over the forecast period. Such vehicles have considerable demand due to their ability to move more loads with multiple trailers than a single fork truck. This segment is expected to be driven by its advantages such as planned computerized operations and increased employee safety.
The AGV market is technology-driven and the OEMs are focusing on enhancing the capabilities of their existing products. The natural navigation technology segment is anticipated to show a high potential, owing to its benefits, such as reduced infrastructure costs, as the natural navigation eliminates the need of reflectors and markers. The natural navigation technology segment was valued at over USD 18.4 million in 2015 and is expected to be the key navigation technology segment in the near future.
Based on application, the market is segmented into logistics, assembly and packaging. The assembly and packaging application segment is estimated to be a key segment over the next 8 years and is estimated to grow at a CAGR of 6.6% from 2016 to 2024.
The retail end-use industry is undergoing a rapid growth phase and is presumed to offer remarkable growth opportunities for the AGV market growth. The retail end-use industry is expected to reach USD 353.6 million by 2024.
The Asia Pacific region is estimated to be the key region and the market for AGV in this region was valued at over USD 320.6 million in 2015, and is expected to expand at a CAGR of 7.6% from 2016 to 2024. The regional growth is supported by the increasing manufacturing and logistics activities in the emerging countries such as China and India. For instance, Amazon.com, Inc. has deployed several Kiva AGVs, at its Chinese warehouse, to effectively manage its logistics activities.
The key vendors dominating the industry include Swisslog Holding AG, Egemin Automation, Inc., Bastian Solutions, Inc., Daifuku Co., Ltd., Dematic Corp., JBT Corporation, Seegrid Corporation, Toyota Industries Corporation, Hyster-Yale Group, Inc., Baylo, Inc., EK Automation, Kollmorgen, and KMH Systems, Inc.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-automated-guided-vehicle-agv-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

Industrial Adhesives Market Analysis of Opportunities Offered By High Growth Economies

The global industrial adhesives market is expected to reach USD 57.12 billion by 2022, according to a new report by Grand View Research, Inc. Growth of key end-use industries such as packaging, construction and automotive is expected to remain a key driving factor for global industrial adhesives market over the forecast period.

Growing demand for eco-friendly materials has led to the development of bio-based adhesives. This trend is likely to foster replacement of conventional metal, wood and other fasteners with adhesives to bond a wide array of substrates. Increasing industrial output in emerging nations such as China, India, Brazil and Mexico has also impacted the market positively.

Acrylics were the leading product type with demand share exceeding 40% in 2014. Increasing requirement for adhesion products with aesthetic appeal, high bond strength across dissimilar substrates and contaminated surfaces is a key determinant for industry development. They are also expected to witness the highest growth of 4.4% from 2015 to 2022.

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

Further key findings from the report suggest:

Global industrial adhesives market size was 9.40 million tons in 2014 and is expected to reach 12.94 million tons by 2022, growing at a CAGR of 4.1% from 2015 to 2022.
Packaging was the leading application segment and accounted for 30.3% of total market volume in 2014. Increasing demand for quicker assembly time, high bond strength in carton sealing and corrugated box manufacturing led to high consumption in packaging industry. Packaging is also expected to witness the highest growth of 4.7% from 2015 to 2022.
Asia Pacific was the largest consumer and accounted for 42.3% of total volume in 2014. The region is characterized by increasing consumer disposable income and high growth in packaging, construction, and automotive industries mainly in China, India and Southeast Asia.
Developed markets of North America and Europe are characterized by growing demand for bio-based adhesives on account of growing regulatory pressure and consumer awareness. Europe is expected to witness moderate growth of 2.5% from 2015 to 2022.
Global industrial adhesives market share is characterized by multinational corporations which are integrated along the value chain. There is considerable presence of standalone independent manufacturers, particularly with emergence of SME landscape in China. Key companies in the industry include The Dow Chemical Company, Henkel, Cytec Industries, Mitsubishi Chemicals, Lord Corporation, Avery Dennison, and Covestro (formerly Bayer MaterialScience).

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

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Aerosol Caps Market is Pegged to $440.5 Million By 2025

The global aerosol caps market is expected to reach USD 440.5 million by 2025, growing at a CAGR of 4.7%, according to a new report by Grand View Research, Inc. Increasing demand for the product in aerosol used in personal care and household application is expected to drive growth.

Growing demand for the aerosols in the automotive & industrial application is expected to drive industry growth over the next eight years. The increasing utilization of aerosol paint cans in enhancing the aesthetic value of the vehicle is expected to drive the demand over the forecast period.

The increasing use of aerosol products in the personal care industry is expected to have a positive impact on the demand. However, the substitution by new technologies in the aerosol industry is expected to restrain growth. In addition, the rising environmental & human health concerns pertaining to aerosol products is expected to restrain growth.

The industry is fragmented with local manufacturers accounting for majority of the market share. These players cater to their existing customers and provide personalized services to retain them. As a result, players catering to the global market struggle to acquire new customers in a supplier saturated market.

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

Further key findings from the report suggest:

Personal care accounted for 45.3% of the overall revenue share in 2016 on account of the growing demand for aerosol products in hair care and skin care applications coupled rising consumer grooming standards
Automotive & industrial applications accounted for over 23.5% of the volume share in 2016 owing to high utilization of bug & tar remover, cleaner, degreaser aerosol sprays coupled with growing automotive industry
Food & paints applications accounted for over USD 75 million on account of the growing demand for aerosol technology in manufacturing spray paint cans, cheese cans and other related products
The U.S. accounted for 24% of the overall industry owing to the presence of major automotive players in the country coupled with increasing demand for aerosol technology in automotive industry
The major players in industry are vertically integrated and adopt different technologies for improving the quality of raw materials and molding techniques to enhance the quality of the aerosol caps

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

About Grand View Research

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Factors Driving the Specialty Food Ingredients Market in Coming Years

The global specialty food ingredient market is expected to reach USD 116.50 billion by 2025, according to a new report by Grand View Research, Inc. The industry is anticipated to grow substantially over the forecast period owing to increasing application of these products in the modern processing sector to meet a wide range of demand for diverse product qualities.

There has been various value addition in process technologies which help in efficient use of specialty ingredients in finished foodstuff. One of such advancements is the twin-screw extrusion lines developed by Clextral, which help in increasing the flexibility of various constituents during processing.

Various developments in encapsulation technologies to enhance aroma and taste differentiation, mask unpleasant odor and bad tasting components, increase their bioavailability and stabilize additives; have resulted in tremendous quality improvements in finished products. This in turn has helped in the processors in meeting various consumer demands.

The regulatory scenario plays a very important role in this industry. Frequently changing regulatory framework is a matter of concern for the industry players across the entire value chain. The agenda of health issues provides various opportunities for specialty ingredient reformulation and innovation. However, this requires innovation regarding technology regarding which the novel constituents play a crucial role.

The functional specialty food ingredients are anticipated to be the fastest growing segment over the next decade and is projected to grow at a CAGR of 5.5% from 2017 to 2025. These products help overcome various diseases and provide good health. Hence, the requirement of such elements is more or less homogenous globally; however, recent practices of combining functional diet and molecular nutrition might challenge the conventional paradigm shift, is expected to drive the demand over the forecast period.

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

Further key findings from the report suggest:

Flavors are expected to be the fastest growing sensory ingredients. This market is characterized as innovative, technical and specialized in nature and its growth parameters include changing lifestyle of consumers, increased demand of convenience foodstuff
Vitamins was the largest functional constituents segment in 2016. Natural and synthetic vitamins are the two types of vitamins used in end products
Asia Pacific accounted for over 34% of the overall revenue in 2016
Major companies actively operating in the industry in the present scenario would includeNaturex, Frutarom, KF Specialty Ingredients, Ingredion, DuPont, PPG Industries, Evonik, Kerry Group and Ashland Inc.
Regulatory agencies play a crucial role in the growth of this industry. The NSF/ANSI defines marketing and labeling requirements for dietary products that contain organic ingredients. This standard allows the “contains organic ingredients” designation for products with organic content of 70% or more that complies with all other requirements of the standards

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Rapid Increase in Gastrointestinal Stents Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2025

The global gastrointestinal stents (GI stents) market is expected to reach USD 472.5 million by 2025, according to a new report by Grand View Research, Inc. Increasing burden of gastrointestinal diseases including biliary diseases, esophageal cancer, and colorectal cancer are anticipated to boost the usage of GI stents across the globe.

Individuals above 60 years of age form the key target population for these products, as they are at a high risk of developing gastrointestinal and stomach-related diseases. Thus, aging demographics of most of the economies around the globe is a prime factor driving the growth of the sector. Moreover, reimbursement coverage provided by the Center for Medicare & Medicaid Services (CMS) and various private payers is spurring the adoption of GI stents.

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

Further Key Findings from the Study Suggest:

The market study suggests that biliary stent dominated the overall sector in 2016. Incidences of biliary diseases such as bile duct cancer, gallstone disease and primary biliary cholangitis are on the rise globally, which would drive the growth of biliary stents sector positively.
Esophageal stent segment is expected to witness highest growth rate, owing to development of self-expanding plastic stents and self-expanding metal stents, which have proved to be safe and cost-effective for esophageal pathologies.
Approximately, 50 % to 75 % of patients who are primarily treated with endoscopic balloon dilation experience recurrence of the structure within 1 year. Such patients are treated with self-expanding metal stents, thereby driving the growth of the market segment.
North America occupied the largest revenue share in 2016, due to the high rate of diagnosing new cases of gastrointestinal diseases and constantly rising awareness regarding commercial availability of effective treatments.
In addition, increasing incidences of irritable bowel syndrome, colorectal cancer and pancreatic cancer are a few high impact-rendering drivers for the market
Asia Pacific is expected to witness a significant growth during the forecast period. The presence of countries such as Japan, China and India with constantly increasing patient population is a key factor anticipated to fuel the market growth in the region.
Some of the major companies operating in this market are Boston Scientific, Cook Medical, ELLA-CS, s.r.o., ConMed, Gore Medical, TaeWoong Medical, Hobbs Medical, Inc., C.R. Bard, Merit Endotek, Olympus America and others.

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Key factors that drive and impede the growth of World Oil & Gas Separation Equipment Market

Global oil & gas separation equipment market size is expected to reach USD 8.82 billion by 2022, according to a new report by Grand View Research, Inc. Increasing exploration and production, coupled with stringent regulations regarding pipeline specific processed fluids are expected to drive industry demand. Installation of several on-site and off-site processing facilities, particularly in Canada, Mexico, Russia and Indonesia has seen a surge in separation equipment demand in recent times. Technology innovation to manage complex processing setbacks adhering to international standards coupled with all the aforementioned factors are expected to drive global oil & gas separation equipment industry.

Three-phase separators emerged as the highest grossing product segment and accounted for 40.8% of total revenue in 2014. The segment is also anticipated to witness the fastest growth over the next seven years owing to added advantages in terms of optimum pressure and liquid sealing. Large number of existing as well as upcoming installations of this equipment coupled with multi-applicability of these separators in offshore, onshore, refineries and gas processing facilities may be attributed for their high demand.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/global-oil-gas-separation-equipment-market

Further key findings from the study suggest:

Global oil & gas separation equipment market was valued at USD 6,386.1 million in 2014 and is expected to reach USD 8,815.6 million by 2022, growing at a CAGR of 4.2% from 2014 to 2022.
Global scrubber market was valued at USD 827.3 million in 2014 and is estimated to witness significant gain in its market share over the forecast period. Increasing awareness towards maintaining optimum air quality and green house gas (GHG) emissions from refinery flare is expected to drive this segment.
North America was the largest consumer for these separation equipments and accounted for over 35% of the global revenue in 2014. Increasing gas production in majority of existing shale basins of Alberta and Utica in Canada and Eagle Ford basin in the U.S. has led to capacity additions of on-site processing facilities, which has prompted the demand for oil & gas separation equipments.
Asia Pacific is anticipated to witness the fastest growth rate over next seven years owing to dramatic development of both offshore and onshore reserves in China, Indonesia, India and Malaysia. The regional market is projected to grow at a CAGR of 5.1% from 2015 to 2022.
Chinese government’s plans to exploit its shale reserves have furthered the market expansion and are expected to create immense potential for processing equipment over the forecast period
Major companies operating in global oil & gas separation equipment industry include Alfa Laval, Worthington Industries, Amacs, Fenix Process Technologies, ACS Manufacturing Inc., Burgess-Manning, Inc, Honeywell, and Godrej Process Equipment.

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Point-of-Care Infectious Disease Testing Market Holds Growth of $1.9 Billion By 2025

The global point-of-care infectious disease diagnostics/testing market is expected to reach USD 1.90 billion by 2025, according to a new report by Grand View Research, Inc. The emerging trend of patient-centric services coupled with escalating incidence rates of complicated infectious disorders is expected to upsurge the demand for portable and accurate detection devices, thus resulting in market growth. The potential in these devices to enable rapid detection of infectious diseases is attributive for the estimated market.

Moreover, revolutionizing patient care brought about by these devices is responsible for the rising demand for decentralized testing settings. Rise in the investments for R&D and development of new products is expected to spur progress in this market through to 2025.

For instance, development of a new ‘lab-on-a-disc’ technology developed by an EU project research team aids in the diagnosis of different infectious diseases including malaria. It enables faster diagnosis as a consequence of implementation of point-of-care treatment. This allows precise drugs administration thus influencing adoption rate.

To request a sample copy or view summary of this report:
http://www.grandviewresearch.com/industry-analysis/point-of-care-infectious-disease-diagnostics-testing-market

Further key findings from the report suggest:

HIV POC is estimated to account for the largest share owing to the rising incidence of this disease
Advances in the bio sensing technology for the early detection with sensitivity is expected to fuel revenue generation in the coming years
Moreover, companies are engaged in embracing a quality management approach for the introduction of novel tests for HIV diagnosis
TB and drug resistant TB is anticipated to witness lucrative demand in the coming years as a result of rise in the incidence rate of drug resistance TB
Demand for the development of inexpensive, rapid, simple, and accurate tests that are able to detect multiple biomarkers simultaneously is expected to boost progress
Implementation of fully or partially integrated nano/microscale technologies in developing DR-TB diagnostic devices is anticipated to fuel progress in the segment
Clinics accounted for the largest revenue share owing to the higher usage of rapid testing kits in clinics
North America dominates the space with adequate administration support, well-established healthcare framework, and extensive research & technology upgradation
Asia Pacific region is expected to showcase the fastest growth over the forecast period due to rising incidence and prevalence rates of infectious diseases with suitable government support
The major players in the sector include Siemens Healthineers, Trivitron Healthcare, F. Hoffmann-La Roche Ltd, Alere, Quest Diagnostics, Inc, BD & Company, Chembio Diagnostics Inc,Trinity Biotech, Cardinal Health,Bio-Rad Labs Inc.,bioMérieux SA, Thermo Fisher Scientific Inc, Sight Diagnostics Ltd.,Gene POC, Ortho-Clinical Diagnostics, and OJ-Bio Ltd.
Companies are entering into collaborations with academic institutions, private, and public entities to enhance their market share

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-point-of-care-infectious-disease-diagnostics-testing-market

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Wednesday 27 September 2017

Grow Light Market Analysis of Opportunities Offered By High Growth Economies

The global grow light market is anticipated to reach USD 8.64 billion by 2025, growing at a CAGR of 14.1%, according to a new report by Grand View Research, Inc. The increased use of vertical farming and indoor cultivation, for producing crops, is likely to spur the market demand over the forecast period. Grow light helps in extending the hours of the natural daylight, which further increases the health, growth rate and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasma lighting can extend the availability of crops throughout the season.

According to the UN, by 2050, around 80 percent of the world's population will live in cities. People continuously move into cities to get access to training, service, jobs, culture and entertainment and all the other things cities’ offer. This means that the demand for food is increasing in these areas at the same time as the availability of arable land around cities is very limited.

Artificial lighting helps in extending the hours of the natural daylight which further increases the health, growth rate and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting can extend the availability of crops (throughout a season). LED lighting systems produce dual-band color spectrum and generate low heat. They are anticipated to witness significant growth over the forecast period.

The U.S. government has increasingly started to legitimize cannabis plantation across various states. With this initiative, cannabis cultivation is on a verge to become a big business in some parts of the country. Cannabis growers prefer Controlled-Environment Agriculture (CEA) to enhance product quality and yield. This set up consumes a high amount of electricity. As government officials and power companies are trying to convert this into a green industry, they are encouraging the use of LEDs to reduce power consumption and greenhouse gas emissions.

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

Further key findings from the report suggest:

The escalating urban population and lack of arable land around cities is expected to drive the market.
The plasma technology segment is expected to portray high growth rate with a CAGR of 23.2% over the projected period
New installations and replacement lights, increasing urban cultivation, increasing vertical farming and government initiatives are expected to be the drivers of the market over the forecast period.
The Asia Pacific regional market is expected to have significant growth over the forecast period, owing to the technological advancement and commercial vertical farms
The key players of the market include AeroFarms (U.S.), Everlight Electronics Co., Ltd. (Taiwan), and Gavita Holland bv (U.)

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Cell Counting Market is Enhance Growth of $1.7 Billion By 2025

The global cell counting market is expected to reach USD 1.7 billion by 2025, according to a new report by Grand View Research, Inc. Government initiatives working to promote development of cell therapeutics, wherein cell counting plays an imperative role, is expanding growth prospects for the market. As a result of extensive R&D activities, the number of diseases treated with the help of stem cells increased to 82 in 2016 from 27 in 2005. Also, California Institute for Regenerative Medicine’s funding of USD 271 million for stem cell therapy created 12 R&D facilities in California, and these facilities brought approximately USD 543 million funding. In addition, it is also funded by National Institutes of Health (NIH), which approximately invested USD 1,429 million in 2015.

Increase in the number of collaborations of research institutes with various public and private entities to promote R&D has provided significant boost to the market. Growing number of proposed guidelines and recommendations for public and private laboratories to ensure high-quality standards and facilitate generation of accurate results are likely to improve adoption of instruments over the coming years. For instance, in May 2016, the International Society for Stem Cell Research updated guidelines for the development of cell-based therapy and research. The proposed guidelines focus on all stages of R&D and improve quality of preclinical studies.

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

Further Key Findings From the Report Suggest:

Spectrophotometers accounted forthe largest market share in 2016. This can be attributed to high penetration in various applications such as toxicology studies, bioprocessing, and others
Automated counters were anticipated to grow at an exponential rate during the forecast period. Benefits such as short testing time, reduced error occurrence, and interoperator variability are expected to further increase demand for automated counters
In the end-use segment, research and academic institutes accounted for the largest market share in 2016, owing to growing number of government initiatives focused toward promoting R&D in various toxicology studies
Research and academic institutes are also expected to witness exponential growth opportunities, owing to the growing adoption of instruments for optimum drug concentration in therapeutics
North America held the largest share of the market, owing to increase in number of supportive initiatives to fund R&D, which is anticipated to result in higher adoption of automated instruments
Asia Pacific is anticipated to grow with a lucrative CAGR during the forecast period. This lucrative growth rate is a consequence of improvements in testing facilities
Level of competition is high as key players are adopting strategies such as new product development and strategic collaborations & agreements to gain competitive advantage

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Global Aerosol Actuators Market Is Growing At a Rapid Pace - Market Analysis and Forecast to 2025

The global aerosol actuators market is expected to reach USD 1.46 million by 2025, growing at a CAGR of 5.3%, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to increasing consumption for personal care products by the consumers due to increasing usage of self-grooming products.

Growing use of aerosol actuators in inhalers, medicated lotion dispensers, nasal sprays, throat and other pharmaceutical products driven by ease of application is expected to boost the aerosol actuators market over the forecast period. Technological advancements in the actuators design aimed at enhancing product appeal and ease of operation, have led to an increase in the demand for the product.

The companies in the industry source low cost raw materials from the manufacturers in China. Key players in the market are involved in the production of customized and standard actuators, that are supplied through dedicated distribution network connecting with major aerosol manufacturers and fillers.

Europe accounted for a high market share of over 38.0% in 2016 owing to high consumption of personal care products such as deodorants and hairsprays coupled with high standard of living in the region. Rising market maturity is expected to result in a limited growth of the product thereby losing its market share to Asia Pacific.

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

Further key findings from the report suggest:

Dosage actuators segment is expected to be the largest product segment for medical application, growing at a rate of CAGR 4.5% by volume from 2017 to 2025. Increasing adoption of the product for inhalers and sprays is expected to drive the demand over the forecast period.
Automotive & industrial application segment is expected to grow from USD 93.5 million in 2016 to USD 165.4 million owing to increasing use of aerosol paints & cleaners for aforementioned application. The demand will be influenced by the effective use of paints and lubricants using actuators.
Middle East & Africa is expected to exhibit highest growth, growing at a CAGR of 6.7%, by volume from 2017 to 2025, owing increasing manufacturing base coupled with high adoption rate of aerosol products in this region.
Key market participants include Aptar Group, Mitani Valve Co. Ltd, Lindal Group, Coster Group and Summit Packaging Systems Inc. with the companies focusing on low cost, new technology and customized products to gain market share

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Rapid Increase in Fertilizer Additives Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2024

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

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

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

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

Further key findings from the report suggest:

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

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Superdisintegrants Market Analysis of Opportunities Offered By High Growth Economies

The global superdisintegrants market is expected to reach USD 487.0 million by 2025, according to a new report by Grand View Research, Inc. Superdisintegrants help in the disintegration of tablet or capsule content into small particles and create a greater surface area for speedy drug release.

A number of fast disintegrating tablet such as salbutamol sulphate, and cetirizine hydrochloride in tablet/capsule dosage form for respiratory disorders (bronchitis, asthma, and coughing) are formulated for pediatric and geriatric patients, due to their difficulty or discomfort in swallowing. Superdisintegrant such as crospovidone, croscarmellose sodium, and sodium starch glycolate are used in optimized concentration to formulate such tablets/capsules along with different binders such as MCC and PVP K-30.

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

Further key findings from the study suggest:

The market study suggests that crospovidone dominated the overall market in 2016. Crospovidone is completely insoluble in water and rapidly disperses and swells in water. It has greatest rate of swelling and surface area to volume ratio compared to other disintegrants. Hence, these factors are contributing towards the large share of crospovidone in 2016.
Others segment, which includes natural superdisintegrants, is expected to witness highest growth rate. Factors such as local accessibility, bio-acceptable, renewable source, eco‐friendly nature and lower prices compared to important synthetic products, are driving the growth of the segment during the forecast period.
Amongst the dosage form segments, tablets and capsules occupied the largest share in 2016 as they are the most common and preferred dosage forms for delivering drugs to patients.
The mouth-dissolving films segment is expected to grow at the highest growth rate during the forecast period. It is the preferred choice for patients as compared to tablets and capsules due to greater flexibility and comfort of the former.
Hence, the market for disintegrants in mouth-dissolving films would continue to grow due to quicker onset of action for a dosage form and better convenience of administration.
North America dominated the regional segment with the largest revenue share in 2016, due to number of superdisintegrants manufacturers operating in the region and prolific research and development initiatives
Asia Pacific is expected to witness significant growth during the forecast period, owing to booming medical tourism industry in the region and lucrative contract research outsourcing services
Some of the major companies operating in this market are Ashland Global Holdings Inc., Roquette Frères S.A., FMC Corporation, DFE Pharma, Huber Corporation, Nippon Soda Co., Ltd. The Dow Chemical Company and BASF SE. and others.

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Tuesday 26 September 2017

Membrane Bioreactor: Global Market to Grow at High CAGR in Upcoming Years – 2025

The global membrane bioreactor market is expected to reach USD 8.27 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for membrane bioreactor as they offer high-quality solid separation and low carbon footprint will propel industry expansion over the forecast period.
Rising concerns regarding the release of toxic effluents into the environment are expected to result in an increase in the installation of membrane bioreactor solutions in the industrial and manufacturing sector. In addition, stringent environmental regulations on sludge disposal are expected to stimulate demand for highly effective MBR systems.
Increasing MBR installations by various key players including Beijing Origin Water, GE Water, Koch Membrane Systems, and Tianjin MOTIMO as a result of rising industrial wastes by pharmaceuticals, food & beverages, and refinery will promote the market growth over the forecast period. Technology up gradation coupled with cost reductions are expected to drive the product demand over the forecast period.
Municipal accounted for 68.7% of the overall share in 2016 and is expected to witness substantial growth as a result of increasing urban population and government support to promote infrastructure development in Turkey, China, India, Singapore, Thailand, and Bangladesh.

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Further key findings from the report suggest:

Flat sheet MBR is expected to witness significant rise at a CAGR of 18.5% from 2017 to 2025 as a result of increasing adoption in the medium scale industrial waste water treatment plants. Moreover, increasing usage in food & beverage sector owing to its high solid loading and good hydraulic flow behavior is anticipated to fuel demand.
Asia Pacific was the dominant market and accounted for 50.4% of the global membrane bioreactor market in 2016. Establishment of various food & beverage, pharmaceutical, pulp & paper manufacturing units particularly in India and China will fuel MBR demand in industrial waste water sector.
Growing water pollution along with water shortage problems that are currently prevailing in China, India, Singapore and Malaysia is expected to provide ample opportunity for the wastewater treatment industry.
Key participants dominating the membrane bioreactor (MBR) industry includes GE Water & Process Technologies, Toray Industries, Inc., Kubota Corporation, Koch Membrane Systems, Inc., Evoqua Water Technologies LLC, and Mitsubishi Rayon Co., Ltd.
MBR players are adopting numerous strategies for strengthening its foothold across the international market. These companies have been undertaking strategies including new product developments, expansion of installed capacity in order to increase its market penetration.
In July 2015, Cambrian Innovation launched EcoVolt Membrane Bioreactor (MBR). This system will remove over 99% of pollutants and solids, enabling water re-use on site
KMS introduced next generation of improved, high flux PURON modules for membrane bioreactor having built-in reliability, low life-cycle costs, reduced system footprint, and new fiber chemistry

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Ceiling Tiles Market is Growing at CAGR: 9.5% By 2025

The global ceiling tiles market is expected to reach USD 10.08 billion by 2025, growing at a CAGR of 9.5%, according to a new report by Grand View Research, Inc. Increasing construction of office spaces worldwide is likely to boost the usage of building materials including mineral wool, metal, and gypsum panels by the end of 2025.

Rise in the working population group, since the past few years has led to an increased construction spending in key Asia Pacific countries including China, Vietnam, Bangladesh, Singapore, India, Thailand, and Malaysia. Construction of new offices across the globe is estimated to peak in the future.

This scenario is likely to reflect in developing countries including China, Russia, and India. Furthermore, currently rising foreign investments coupled with government initiatives in these countries is projected to boost the construction of business centers and IT parks in the recent future. These factors are considered to influence the consumption of construction materials including ceiling tiles and hence boost their market growth.

Emerging regions especially Latin America and Middle East & Africa are expected to depict above average industry growth owing to development of the hotel sector as a result of increasing government initiatives regarding the tourism industry in these regions.

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Further key findings from the report suggest:

In terms of revenue, the residential segment is expected to rise at a CAGR of 9.4% over the forecast period. This application segment constituted a revenue share of 4.6% in 2016.
Technological breakthrough in the field of low VOC panels and recyclable tiles is estimated to offer lucrative growth prospects in the industry by the end of 2025. Furthermore, development of three dimensional ceiling tiles is another important milestone that is expected to open new avenues in the industry.
Companies are aiming at achieving optimum business growth through fully integrating their business operations across the product value chain. For instance, USG Corporation is engaged in manufacturing ceiling tiles as well as its precursor gypsum board and has strong distribution network.
In June 2017, Armstrong Ceiling Solutions launched a new range of ceiling tiles under the New Dune eVo brand name. These tiles are 100% recyclable and exhibit well improved aesthetics and acoustic performance.
In April 2014, the Rockfon North America, a ROCKWOOL International subsidiary achieved the UL Environment’s GREENGUARD Gold certification for its low VOC products. This has enhanced the market position of the company as a key sustainable player in the past years.

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Chatbot Market Trends: Reduction in Operating Costs

The global chatbot market is expected to reach USD 1.25 billion by 2025, growing at a CAGR of 24.3%, according to a new report by Grand View Research, Inc. The chatbot industry is expected to witness significant growth over the forecast period as they enable enterprises to substantially reduce operating costs. Additionally, innovations in artificial intelligence and machine learning technologies are likely to enhance the features of chatbots, which acts as a major driver for the market.

A significant rise has been observed in the number of users of messaging services, which is expected to surpass the number of users of social networking sites. Additionally, there has been a significant development in the NLP field, which has resulted in streamlined interactions between computers and human languages. The entire chatbot ecosystem comprises various cross-linking features, which facilitates enhanced performance of chatbots in all application. Most companies prefer in-built chatbots on their websites as they facilitate enterprises in providing instant customer interaction. For instance, Slack and Twitter messaging platforms are preferred by majority businesses.

North America is expected to emerge as the major region for the chatbot market over the forecast period. The growth in this region is mainly attributed to the increasing deployment of chatbots in various business verticals. Technologies such as artificial intelligence, IoT, and APIs, among others, are evolving at a rapid speed. Chatbots are integrated with these technologies to offer enhanced operations, thereby driving market demand. Artificial intelligence and audio speech-based chatbots are expected to account for the largest market share in future. Additionally, speech recognition has improved drastically, especially in terms of native languages, which is expected to result in enhanced performance of chatbots in various applications.

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Further key findings from the report suggest:

Chatbots find various applications in e-commerce, healthcare, and BFSI sectors. Large enterprise emerged as the largest end-user segment in 2016 and is estimated to register a CAGR of 24.2% over the forecast period.
The bots for marketing segment is expected to witness the largest growth over the forecast period as these chatbots can connect the customers directly to service providers.
The standalone segment is estimated to grow at a CAGR of 24.8% over the forecast period.
The Asia Pacific market is projected to witness substantial growth over the next decade owing to various technological developments across major economies. The regional market is expected to grow at a CAGR of 24.7 % from 2017 to 2025.
Key participants in the chatbot industry include Baidu, Poncho, Kik, WeChat, Varo Money Inc., Babylon Health, ReplyYes, and SRI International. Chatbots have found wide applications in large enterprises as they enable better understanding of consumer behavior with the help of machine learning.

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Metal Stamping Market Expand Their Businesses With New Investments

The global metal stamping market is expected to reach USD 299.6 billion by 2025, according to a new report by Grand View Research, Inc. The increasing use of sheet metal in application industries such as automotive, industrial machinery, and consumer electronics is expected to drive industry growth.

Rising number of fabricators in Asia Pacific region is expected to be a key driving factor for the industry. The increasing R&D investment by companies to improve efficiency and operational-ability of stamping machinery is expected to promote growth over the forecast period.

Metal prices have seen constant fluctuations in the past few decades. The growing demand from end-use industries as well as economic growth and its subsequent decline has resulted in volatility in the prices. However, the prices witnessed an overall downfall in the recent past which is expected to aid the use of metal and stamping processes.

The stamping industry is highly competitive with a presence of companies catering to local as well as global market. Players in the industry compete on the basis of service, customized products and expertise in the manufacturing of stamped parts and sign a long-term agreement with the OEMs to ensure constant demand.

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Further key findings from the report suggest:

Blanking is an integral part of the automobile manufacturing chain and is expected to witness significant growth in demand over the forecast period owing to its precise and superior blanking technologies introduced in the industry
The use of laser embossing for engraving patterns and dates on automotive components and on license plates is expected to augment the demand for the process and is projected to account for 22.2% by 2025
Metal stamping in automotive application to manufacture auto-body components such as tailgate, trunk lid, door, bonnet, and hood dominated the global market in 2016 and is expected to account for 33.2% of the overall revenue share in 2025
Consumer electronics is expected grow at a CAGR of 6.0% over the forecast period on account of the growing utilization of lightweight metal parts to enhance impact resistance of electronic components
Asia Pacific accounted for 34.8% of the overall revenue share in 2016 on account of the increased production of industrial machinery in Asian countries owing to favorable government initiatives to promote industrialization
Companies such as Alcoa have goodwill in the industry; which provides them with the leverage over the local manufacturers and has the ability to cater to the bulk requirements of the major players from application industries

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Specialty Silica Market Expand Their Businesses With New Investments

The global specialty silica market is expected to reach USD 4.43 billion by 2022, according to a new report by Grand View Research, Inc. Rising application scope of the product in various end-use industries including rubber and coatings is expected to fuel demand over the forecast period.

Increasing coating demand in Asia Pacific on account of growing construction and rising government expenditure on infrastructure development in emerging economies of India and China is expected to propel product need over the next seven years.

Automotive industry growth in numerous countries is expected to fuel tire demand which in turn is expected to have a positive impact on the product market over the forecast period. In addition, increasing use of the product in green tire manufacturing on account of various advantages such as increased shelf life and fuel efficiency will propel the industry growth over the next seven years. However, mature nature of various end-use industries primarily in Europe and North America may challenge specialty silica industry growth.

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Further key findings from the report suggest:

Precipitated silica was the largest product segment estimated over 2,000 kilo tons in 2014. It is widely employed as a performance additive as it increases wet-grip capabilities and wear resistance in automotive and industrial tires. Silica-filled tires are widely used owing to low rolling resistance which results in better handling and improved mileage. This is expected to fuel overall product demand over the forecast period.
Rubber application segment was estimated over USD 1,000.0 million in 2014. Rising rubber need on account of increased automobile production particularly in India and China is expected to have a positive impact on the industry over the forecast period.
Europe specialty silica market was estimated over USD 300.0 million in 2014. Robust automotive manufacturing base in the Germany is expected to be a favorable factor for rising demand. In addition, growth in the food & healthcare sector in various countries including France, UK, and Germany on account of changing lifestyle of consumers coupled with increased government spending on public health is expected to propel product need over the next seven years.
The global specialty silica industry is highly competitive with key multinationals dominating the sector. Increased R&D expenditure for new product developments coupled with the need to reduce production cost are key trends witnessed within the industry. In January 2016, PPG Industries announced plans for setting up new production site for precipitated silica in North America. As of July 2015, Solvay introduced highly dispersible silica (HDS) which enhances the performance of tires by cost-effective energy saving.

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Monday 25 September 2017

Lithium-Ion Battery Market is Growing at CAGR of 17.0% By 2025

The global lithium-ion battery market is expected to reach USD 93.1 billion by 2025, growing at a CAGR of 17.0%, according to a new report by Grand View Research, Inc. Increased usage of lithium-ion batteries in electric vehicles, portable consumer electronics and grid storage systems owing to its high energy density and high safety level is expected to drive market demand.

Lithium-ion batteries are used in applications that require lightweight and high-energy density solutions. These batteries provide the highest energy density per weight and are mostly used in cellular phones, notebook computers, and hybrid automobiles.

Technological advancements to reduce the weight of batteries, cost and increase their power output, is expected to augment industry expansion. In addition, competent distribution channels are likely to be an important way to gain a competitive advantage.

Energy storage system is expected to witness the fastest growth over the forecast period at a CAGR of 21% from 2017 to 2025 owing to the developments in wind and solar PV in countries including Germany, China and U.S.

Asia Pacific was the dominant market and accounted for 48.3% of the global share in 2016. The region is expected to show substantial rise on account of implementation of government policies to promote electric vehicles in India & China.

Moreover, presence of key energy generation companies in China including China Guangdong Nuclear Power Group, China National Nuclear Corporation, Shenergy Group, and Shenhua Group is expected to propel industry growth.

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Further key findings from the report suggest:

Lithium cobalt oxide (LCO) was the dominant product segment and was valued at USD 7.15 billion in 2016 on account of its high usage in mobile phones, tablets, laptops, cameras as it offers high energy density and high safety level. However, its relatively short life span, low thermal stability and limited load capabilities is likely to act as restrain to demand.
Growing adoption of solar power systems and e-bikes in UK, Germany, and Netherlands will stimulate industry growth. Growing lithium-ion battery demand in Germany, Spain, Italy, France and the UK is expected to have a positive impact over the forecast period.
Consumer electronics was the largest application segment and accounted for 52.3% of the overall share in 2016. The increasing demand for portable devices including mobiles, and tablets in China and India is expected to drive demand.
North America was the second largest market and accounted for 25.9% of the overall revenue in 2016 and is anticipated to show substantial growth considering increasing sales of electric vehicles and smart phones.
The industry is highly competitive with the presence of major players including Panasonic Corporation, Hitachi Chemical Co., Ltd., GS Yuasa International Ltd., Samsung SDI Co., Ltd., LG Chem, and BYD.
In March 2016, Daimler AG invested USD 586.7 million to install second lithium-ion batteries facility in Germany for electric vehicles and hybrids under the Mercedes-Benz brand
In January 2016, Nissan invested USD 31.0 million to manufacture future-generation electric vehicle batteries at its advanced lithium-ion battery plant in Sunderland

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Future Business Opportunities in Spray Adhesives Market

The global spray adhesives market is expected to reach USD 8.08 billion by 2025, growing at a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Asia Pacific is estimated to depict a high industry growth during the forecast period. China, and India are the major countries that are likely to create a positive impact on spray adhesives demand by 2025.

Hot melts is one of the major product segments of the industry. These products are consumed in numerous applications owing to their superior performance attributes. They have good adhesion properties and can be bonded on a wide number of substrates that include rubbers, metals, glass, ceramics, plastics, and wood.

Power Adhesives UK offers Spraytec hot melt spray glues for temperature-sensitive material applications including plastic foams and films. These products offer a broad area of adhesion and enhance bond strength especially for weak substrates.

The packaging sector is one of the major applications of hot melt spray glues, wherein the products are incorporated in carton sealing, paperboard carton and corrugated box assembly and labeling. The 3M Company offers an extensive product portfolio of hot melt glue products that are characterized by good shear strength, quick drying rates, and high flexibility.

Robust automotive industry growth in India is a significant driving factor that is expected to enhance the product consumption in the next couple of years. Owing to the ‘Make in India’ initiative, the manufacturing output of commercial and passenger vehicles is slated to increase in the future. This in turn is estimated to propel the use of fast dry and high tack glues for use in automotive interior components over the years ahead.

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Further key findings from the report suggest:

In terms of revenue, the packaging segment is expected to rise at a CAGR of 5.3% over the forecast period. This application segment constituted a revenue share of 21.0% in 2016.
Technological breakthrough in the field of hot melts and low VOC waterborne formulations is estimated to offer lucrative growth prospects in the industry by the end of 2025
China is likely to witness high growth in terms of product demand over the years ahead. Government initiatives in promoting the international trade of specialty chemicals coupled with increasing infrastructure activities to boost the demand for building materials including glues, sealants, and composites.
Companies are aiming at achieving optimum business growth through fully integrating their business operations across the product value chain. For instance, The Dow Chemical Company is engaged in manufacturing spray adhesives as well as its raw materials along with its end-products such as polyurethane foams
In January 2017, H.B. Fuller Company acquired the industrial adhesive business assets of Wisdom Worldwide Adhesives. This strategic acquisition is expected to strengthen the company’s market position and benefit it in gaining access of the latter’s application sectors including product assembly, packaging, and paper processing.
In March 2017, Ashland launched two new solvent based glues named Aroset™ PS-6426 and Aroset™ PS-5333 for pressure sensitive applications

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All Things you want to Know About e-Pharma Market: Grand View Research, Inc.

The global e-pharma market is expected to reach USD 109.2 billion by 2025, according to a new report by Grand View Research, Inc. The market is primarily driven by constant increase in the number of internet users, improved access to web-based & online services, and rapid increase in aging population who find it difficult to visit pharmacies. Convenience, affordability, and ease in availability of medicines are fueling market growth.

Increase in prevalence of chronic conditions and diseases across the globe is resulting in constant growth in demand for various drugs and healthcare products. High cost of treatment is indicating the need to reduce health care cost. Online pharmacies are gaining popularity owing to lucrative offers such as price discounts that result in cost savings. In addition, increase in adoption of e-prescriptions in hospitals and other healthcare facilities is further expected to boost growth.

High unmet needs of emerging economies is one of the key driving factors. Government initiatives, increase in investments, changing regulations, and increasing penetration of internet and broadband in urban as well as rural areas are contributing to the growth of the market. Many new players are entering the market as the healthcare sector is offering huge potential to the online health retailers due to the ever growing demand for healthcare products and services.

However, growth in illegal online pharmacies is restraining the growth. These illegitimate websites may offer counterfeit and unapproved drugs, which make people skeptical about purchasing medicines online.

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Further Key Findings From the Report Suggest:

North America held majority of the share in 2016 due to increase in online purchases, growing elderly population, and high adoption of IT in healthcare
The U.S. is the largest market in North America owing to the presence of various key players and a large tech-savvy population
Asia Pacific is expected to be the fastest growing segment due to the presence of emerging economies like China & India and improving infrastructure
Some of the key players are The Kroger Co., Walgreen Co.; Wal-Mart Stores, Inc.; CVS Health; Express Scripts Holding Company; Giant Eagle, Inc.; DocMorris (Zur Rose Group); Rowlands Pharmacy; and OptumRx, Inc.

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Friday 22 September 2017

Virtual Reality Market Analysis of Opportunities Offered By High Growth Economies

The global virtual reality (VR) market is expected to reach USD 48.5 billion by 2025, according to a new report conducted by Grand View Research, Inc. VR technology based Gesture Tracking Devices (GTD) devices find commercial applications in high-performance computers and VR gaming applications. The VR Head Mount Devices (HMD) technology offers a cost-effective and reliable solution to experience immersive virtual experience by means of a smartphone. The consumer electronics application segment would dominate the sector in terms of market size over the forecast period. The growing adoption of medical and consumer electronics based VR applications is anticipated to revolutionize the market by 2025.

Non-mobile VR headsets have their own integrated screens, for example, Oculus Rift, whereas mobile VR headsets use smartphones as the screen, for example, Google Cardboard. Numerous large corporations, such as HTC Corporation and Sony Corporation, are venturing into space. The introduction of commercial VR headsets is expected to accelerate market growth over the next two years.

The market can be categorized based on components into hardware and software verticals. The hardware segment dominated the virtual reality market in terms of the overall market share in 2016. The rising demand for smartphone devices is anticipated to complement the growing VR hardware device sales. The increasing penetration of devices, such as smartphones and tablets, is expected to drive the software segment over the forecast period. The increasing demand for VR applications in the gaming and entertainment segments is expected contribute to the market growth.

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Further key findings from the report suggest:

The semi and fully immersive segment dominated the VR market in 2016 in terms of the overall market share. Immersive VR devices aid users to achieve maximum isolation from the real world dimension into the virtual world.
The GTD VR hardware includes sensors, processors, and displays. Furthermore, several companies are working on enhancing the quality of sensors and processors used in VR devices.
In the entertainment and healthcare segments, VR applications can save time and reduce operational costs.
The North American region dominated the marketplace, accounting for the largest global market share (in terms of revenue) in 2016.
The key industry participants include CyberGlove Systems LLC, Barco, Alphabet Inc., HTC Corporation, Oculus VR LLC, and Leap Motion, Inc.

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Premium Insights on Chlorinated Polyethylene Market 2025 with Regional Analysis and Key Industry Trends

The global chlorinated polyethylene market size is expected to reach USD 890.3 million by 2025, according to a new report by Grand View Research, Inc. The market is expected to exhibit significant growth owing to increasing demand for chlorinated polyethylene elastomers (CPE) due to their superior heat, temperature and oil resistance. In addition, increasing use of high performance chlorinated polyethylene in chemical industry owing to their non-corrosive properties, is expected to drive growth over the forecast period.

Chlorinated Polyethylene (CPE 135B) is expected to grow at a significant rate owing to increasing use of the product in rigid plastic applications such as PVC plastic profile, pipe fittings, waterproofing membranes and cable sheathing. Increasing use of CPE 135B as modifier and stabilizer of specials synthetic rubber owing to easy mixing with natural rubber is expected to drive the market growth over the forecast period.

Increasing use of the product as impact modifier, anti-dripping agent and secondary flame retardant in Ignition resistant acrylonitrile butadiene rubber (IR ABS) owing to its higher thermal stability and heat resistance is expected to drive growth over the forecast period.

The global chlorinated polyethylene market is highly fragmented, with a majority of production in China due to the presence of a large number of small scale manufacturers in the country providing the product at extremely low prices.

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Further key findings from the report suggest:

The impact modifier application segment is expected to register CAGR of over 7.8% from 2017 to 2025. The segment is likely to register high growth owing to increasing use for impact reduction in automobiles, window profiles, and door profiles
Demand for other chlorinated polyethylene grades is expected to reach a market value of more than USD 324.4 million by 2025. Heightened product demand due to growing consumption by the automotive and industrial sector is expected to drive the market growth over the forecast period
The industry in Europe is expected to grow at a CAGR of more than 6.0% by volume from 2017 to 2025 driven by increasing use of the product for impact modifier applications. The region accounts for the consumption of high grade products due to presence of stringent regulations for product use
The industry in China accounts for the highest production volume due to the presence of a large number of manufacturers coupled with low manufacturing costs. The economy accounts for the consumption of high product volume due to presence of a wide manufacturing base
Major players resort to capacity additions and production of advanced CPE grades in order to drive the revenue growth. High production volume realized by the Chinese manufacturers is expected to result in over-production leading to decline in the product demand

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