Market Forecast News: January 2018

Thursday 25 January 2018

Global Horizontal Directional Drilling Market is Thriving Worldwide 2012 – 2022

The global horizontal directional drilling market size is expected to reach USD 14.95 billion by 2022, growing at a CAGR of over 14% from 2015 to 2022, according to a new report by Grand View Research, Inc.

Horizontal Directional Drilling (HDD), which is a trenchless technique used for the installation of underground cables, pipes, and conduits along a pre-determined path by using a surface-launched drilling rig, has gained immense prominence on account of negligible damage caused to the topography of the surrounding area.

The growth prospects for this market are bullish due to high demand originating from the telecommunications sector. Telecom companies have started taking measures in order to make 4G and 5G services available to all, which has consequently increased the demand for installation of cellular towers. Demand from utilities (electricity distribution, natural gas distribution) is expected to remain steady throughout the forecast period, thereby ensuring uniform growth of the HDD market.

Substantial HDD projects as a result of unqualified engineers and consultants without any prior HDD project design experience hired by owners and lack of contractor review for constructability prior to project inception are some of the challenges faced by the HDD industry.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/horizontal-directional-drilling-hdd-market

Further key findings from the report suggest:

Projected to grow at a CAGR of 15% from 2015 to 2022, telecommunications is expected to drive the horizontal directional drilling market over the forecast period. Fiber and telecommunication cable deployments have witnessed an upsurge over the last few years and are not expected to show any signs of weakening over the next seven years. The digitization trend has been gradually adopted by both, developed and developing countries worldwide and cable & broadband providers are striving hard to expand their networks to address the growing demand.
Utilities contributed to over 55% of the overall revenue in 2014, and the sector is expected to continue being a key application area for HDD throughout the forecast period. This can be attributed to the growing need for electricity, water, and natural gas supply to cater to the needs of the expanding population.
North America contributed to over 30% of the horizontal directional drilling market revenue and is expected to continue growing steadily over the next seven years, with telecommunication and energy garnering a major chunk of the revenue share. Asia Pacific is projected to grow at a CAGR of close to 15%, the high growth being attributed to increased demand for utility installations and growing broadband subscribers, particularly in China, India, Australia, and Japan.
HDD equipment manufacturers including Vermeer, Ditch Witch, Midwest Underground, and Universal HDD provide drilling machines of varying thrusts and spindle torques depending on the application area. Some equipment manufacturers also forward integrate and provide contracting services to the end users, leveraging their expertise in the domain.
Contractors such as UEA, Ferguson Michiana, Michels Corporation, and Nabors form a key element of the value chain. They are responsible for the execution of a complete project, from procuring equipment from the manufacturers, investigating the drilling site to determine feasibility, employ experienced drillers, monitor the HDD process and ensure that drilling standards are followed and ensure overall safety.

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-horizontal-directional-drilling-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

Global Phosphate Fertilizers Market Is Growing At a Rapid Pace - Market Analysis and Forecast to 2025

The global phosphate fertilizers market size is expected to reach USD 78.06 billion by 2025, according to a new report by Grand View Research, Inc., registering a 5.1% CAGR therein. Increasing population and demand for diverse food has been a key factor driving market growth. In addition, limited availability of ploughed land and increasing meat consumption all over the world is fueling the demand for phosphate fertilizers over the forecast period.

Phosphate is one of the three primary nutrients needed for plants to grow to their full potential. It is essential for normal plant growth, absorption of sun’s energy, and converting it to useful plant compounds. Several phosphate fertilizers are used to meet the phosphorous (P) requirements of plants. It helps create strong roots and stems, provides resistance to disease, and increases productivity.

Phosphate is an important fertilizer input used in agricultural production. These include different types of fertilizers such as superphosphate, monoammonium phosphate (MAP), and diammonium phosphate (DAP) products. Fluctuating energy prices are the main cause of price volatility in phosphate fertilizers. Transportation costs, policy decisions, exchange rates, and other uncontrollable factors are other key factors affecting global trading of fertilizer products.

The phosphate fertilizers market is consolidated in nature and comprises few global and regional players. Major players have strong distribution networks and different brands in the global market. Several key participants are conducting research and development activities to manufacture cost-effective and organic phosphate fertilizer products to meet the needs of the market.

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

Further key findings from the report suggest:

The global phosphate fertilizers market was valued at USD 51.6 billion in 2016 and is expected to expand at a CAGR of 5.1% from 2017 to 2025
In terms of volume, cereals and grains emerged as the largest application segment in 2016 and is expected to expand at a CAGR of 3.2% between 2017 and 2025
Revenue generated by diammonium phosphate (DAP) fertilizer was valued at USD 15.5 billion in 2016 and is anticipated to witness significant growth over the forecast period
In terms of volume, the application of phosphate fertilizers in cereals and grains in India was pegged at 2,976.7 kilo tons in 2016 and is projected to rise at CAGR of 4.6% from 2017 to 2025
The phosphate fertilizers market in Asia Pacific is projected to experience significant growth over the forecast period owing to increasing population and diversified demand of food, especially in the cereals and grains and fruits and vegetables segments. In terms of revenue, the APAC market is expected to expand at a CAGR of 5.5% between 2017 and 2025
Key players such as Eurochem Group AG, Agrium Inc.; Potash Corp. of Saskatchewan Inc.; Yara International ASA; CF Industries Holdings Inc.; Israel Chemicals Ltd.; Coromandel International Ltd.; The Mosaic Co.; S.A OCP; and PJSC PhosAgro dominated the global market.

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Premium Insights on Pediatric Vaccines Market 2025 with Regional Analysis and Key Industry Trends

The global pediatric vaccines market is expected to reach USD 60.4 billion by 2025 at an 11.7% CAGR, according to a new report by Grand View Research, Inc. Advancements in development of vaccines and new product launches are some of the major drivers of the market.

Increase in investments by companies to capture a larger market share is anticipated to propel growth. Some of the factors attributed to increase in investment are high growth prospects in the emerging market, immunization schedule mandated by doctors for children, and awareness programs led by UNICEF, WHO, and other healthcare organizations. Furthermore, increase in number of government initiatives for raising awareness about immunization is expected to boost the market for pediatric vaccines.

Advancements in development of novel adjuvants and therapeutic vaccines are expected to drive growth during the forecast period. Ongoing research in novel molecules targeted at specific mechanisms of action in the body is aimed at providing immunity against fatal diseases such as cancer and Zika virus disease. For instance, in June 2016, Inovio Pharmaceuticals, Inc. announced the initiation of phase I clinical trial for their Zika DNA vaccine named GLS-5700.

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

Further key findings from the report suggest:

The global pediatric vaccines market was estimated at USD 22.4 billion in 2016 and is expected to grow with a CAGR of 11.7% from 2017 to 2025
By type, monovalent emerged as the largest segment due to factors such as high usage and increase in initiatives for R&D activities supported by various governments
Conjugate vaccines formed the dominant technology segment in terms of revenue in 2016. Higher adoption of these vaccines and increase in prevalence of infectious diseases contribute to its lead in the market for pediatric vaccines
By application, the cancer segment is expected to witness the fastest growth with a CAGR of 12.6% owing to increasing prevalence of cancer and rising need for immunization against the disease
North America held the largest revenue share in 2016. Its dominance in the market for pediatric vaccines is owing to factors such as local presence of major players in the industry and extensive R&D activities
The Asia Pacific region is anticipated to witness lucrative growth over the next decade due to increase in prevalence of infectious diseases and a large target population
Key players such as GlaxoSmithKline plc; Pfizer, Inc.; SANOFI; and AstraZeneca dominated the global market for pediatric vaccines in 2016.

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Wednesday 24 January 2018

Transfection Reagent & Equipment Market Is Growing At a Rapid Pace - Market Analysis and Forecast to 2022

The global transfection reagent & equipment market is expected to reach USD 1,086.02 million by 2022, according to a new report by Grand View Research, Inc. This anticipated growth in demand can be attributed to growing need for protein production, biopharmaceutical development, and vaccine research and development; all of which rely heavily on cytological R&D and transfection.

Larger market entities are also involved in efforts to expand their market presence in the Asia Pacific region and tap the high potential for growth available. Expected growth of genomic and proteomic research is also a strong factor which will positively impact the growth in demand for transfection.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/transfection-reagents-and-equipment-market

Further key findings from the study suggest:

Out of both the broad segments of products available, transfection equipment accounted for a larger share of the market in 2014 and owing to their inherently more expensive nature than reagents are expected to maintain this dominant position over the forecast period.
The market space for transfection has an abundant number of methods to achieve the aforementioned. However, these vary significantly in usage rates and implementation complexities. Electroporation and liposomal transfection combine to account for over 30% of the market owing to high associated advantages.
Growing applications of transfection techniques poise the segments in a strong position and estimated valuation clocks usage of transfection in gene expression at over USD 130 million and for protein production at over USD 110 million for the year 2014.
North America was observed to be responsible for the largest share of revenue in 2014 which amounted to a little over USD 240 million. The United States houses the headquarters of operations for a number of market leaders and a number of established research and development. This provides a strong platform for development, manufacture & distribution various vaccines, and biopharmaceuticals which fuels market growth.
However, it is Asia Pacific region which is anticipated to witness significant growth over the forecast period in various segments owing to considerable growth of cytological research, development of biosimilar drugs and high potential of growth in these relatively untapped regional segments.
Asia Pacific is expected to grow at a significant rate over the forecast period in terms of increasing production and development of vaccines, drugs, and new biologics. Supportive government initiatives pertaining to increasing investments by manufacturers and governments in biopharmaceutical manufacturing and high untapped market opportunities are the important factors accounting for the expected growth of market in this region over the forecast period.
Promega, Roche and Thermo Fisher owned Life Technologies accounted for the largest of revenue in 2014 and are involved in new product development for expansion of their portfolios over the forecast period. Acquisition of smaller players is also expected over the forecast period by larger companies
Key market players in the Transfection Reagent & Equipment Market include BTX (Harvards Apparatus Inc.), SignaGen Laboratories, OriGene Technologies, EMD Millipore, VWR International LLC, Bio-Rad Laboratories Inc., Mirus Bio LLC, F. Hoffman-La Roche AG, Lonza AG, Life Technologies (Thermo Fisher), and Promega Corporation.

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Global Passive Optical Network (PON) Market Is Thriving Worldwide 2014 – 2025

The global passive optical network (PON) market is expected to reach USD 43.43 billion by 2025, according to a new report conducted by Grand View Research, Inc. Passive optical network equipment offers higher efficiency with better bandwidth and utilizes larger variable length packets. The telecom operators in the industry are transitioning their switches from fiber to the business to the fiber to the home and fiber to the building rollouts leading to the growth of PON equipment.

The equipment market is consolidated in nature with few major players dominating their presence in the market. Hence, mergers and acquisitions and strategic alliances are formed to recognize the transformational value of the products associated. The advancements in the networking technologies have led to the development and adoption of optical network services.

Furthermore, the increasing focus of players on upgrading the existing networks to PON for higher broadband speed and the growing number of connected devices both outside and inside the residential complexes is anticipated to proliferate the industry.

The increasing demand for energy conservation and strong optical network setup is expected to fuel the market growth. Emerging regional markets, such as Asia Pacific, offer strong growth opportunities for the technology owing to intensive bandwidth applications.

Increasing R&D and investments from private and public sectors along with factors such as exceeding data traffic are projected to be the key drivers for the industry. The North American and European regions captured a market share of over 50% owing to increasing use of passive optical network equipment.

However, short range on the operator’s premises and high installation cost at the are likely to hinder the market growth over the forecast period.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/passive-optical-network-pon-equipment-market

Further key findings from the report suggest:

Passive optical network is gaining attention in the market owing to the ability to implement a point-to-multipoint architecture
The GPON based equipment is projected to dominate the market with a CAGR of over 20% over the forecast period
Fiber-to-the-home (FTTH) applications of the market are gaining traction owing to the increasing adoption among the telecom carriers
The Asia Pacific market is expected to witness significant growth owing to increasing investments in research infrastructure
The major industry players in the PON market include Huawei Technologies Co. Ltd., Calix Inc., Alcatel-Lucent S.A., and ZTE Corporation

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Tuesday 23 January 2018

U.S. Technology Leader Driving Long Term Care Innovations

The U.S. long term care (LTC) market is expected to reach USD 549.7 billion by 2024, based on a new report by Grand View Research, Inc. Rising incidence of chronic disorders in the U.S. due to aging population and unhealthy lifestyle is likely to increase the burden on LTC settings over the coming years. Rising prevalence of dementia, Alzheimer’s, heart disorders, respiratory diseases, and mental disorders has contributed to the growth of the LTC market.

According to Vincent & Velkoff, 2010, the number of Americans above 65 years is likely to increase to more than double from 40.2 million in 2010 to 88.5 million in 2050. The cohort aged 85 and above (oldest old) is expected to triple, from 6.3 million in 2015 to 17.9 million in 2050, accounting for 4.5% of the total population. This demographic tends to have the highest disability rate & has maximum need for long-term care services and is likely to propel the market growth.

Technological developments in the long-term care industry are responsible for expanding the market in the U.S. In order to enhance the quality of life, LTC facilities, such as hospices, have started installing wireless video-conferencing devices. These devices enable patients to access the internet from their rooms and facilitate easy communication with their friends & family members. These computer-based technologies have helped enhance communication between hospice nurses & caregivers and enabled them to make decisions and provide real-time solutions or “coaching tips.”

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/us-long-term-care-ltc-market

Further Key Findings from the Study Suggest:

Nursing care dominated the market in terms of revenue in 2016. This was attributed to presence of large number of facilities, high cost for services, and availability of reimbursement for nursing care.
Other LTC segments are projected to gain share during the forecast period due to pay cuts for Skilled Nursing Facilities (SNFs) and availability of other affordable long-term care services
LTC market has been experiencing mergers & acquisitions, which is resulting in integration of various services, thus maximizing revenue
In March 2017, Senior Care, Inc. commenced operations of three adult day centers that were initially managed by Hamilton County Board of Developmental Disabilities and acquired three other centers from Addus HomeCare Corporation in Illinois. Furthermore, the company launched a new center in Fairfield to fulfill LTC demand in April 2016.
Some of the key players are SeniorCare, Inc.; Brookdale Senior Living Solutions; Atria Senior Living, Inc.; Sunrise Senior Living, LLC; Genesis Healthcare; Home Instead, Inc.; Five Star Senior Living; and Kindred Healthcare, Inc.

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/us-long-term-care-ltc-market-analysis

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Global Healthcare Payer BPO Market Is Growing At a Rapid Pace - Market Analysis and Forecast to 2022

Global healthcare payer BPO market is expected to reach over USD 34.2 billion by 2022 according to a new report by Grand View Research Inc. Key drivers attributing to the growth are ObamaCare, shift to ICD-10 coding system, growing geriatric population, increasing disease burden and penetration of insurance coverage in emerging economies.

In 2013, as per estimates published by the America’s Health Insurance Plans (AHIP), which is the national trade association representing the health insurance industry, one-sixth of the U.S. economy or nearly USD 2.7 trillion is dedicated to healthcare spending and the number is expected to increase year on year. However, the healthcare system is not able to reap the benefits of such expenditure due to process inefficiencies and use of redundant systems. The estimated loss due to such inefficiencies is nearly 800 billion or approximately 20 to 30 percent of the overall expenditure.

Increasing healthcare expenditure is a major concern for the U.S. and all the other major economies. In order to reduce the economic burden and provide universal access to healthcare, governments are encouraging outsourcing of payer services to onshore or offshore locations.

The shift from ICD-9 coding system to ICD-10 coding has created huge work load for the payers to upgrade their systems, train their staff and has significantly increased the financial burden. The ICD-9 code system had 13,000 codes, where as the ICD-10 code system has nearly 68,000 codes. This shift from the legacy system to the latest system has significantly increased the need for medical coding, accounting, HR, and other technical professionals, thereby is expected to positively reinforce the healthcare payer BPO outsourcing market growth in the next seven years.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/healthcare-payer-bpo-market

Further key findings from the study suggest:

In 2014, claims processing services accounted for the maximum share of approximately 55%. Key reasons attributed are growth in new member enrolments due to ObamaCare, increase in disease burden. For instance, as per data published by ObamaCare and CMS, in 2013 nearly 8 million people enrolled through the marketplace and nearly 11.7 million people were enrolled in 2015.
However, Asia Pacific is expected to be the fastest growing market over the forecast period owing to high economic development in the region, favorable government initiatives and growth in insurance penetration across urban and rural centers. For instance, the Indian government’s initiatives such as Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana, are expected to benefit millions of people seeking life insurance and personal accident coverage and as consequence is expected to contribute to the healthcare payer BPO market expansion over the forecast period.
Some key players operating in the market include, Xerox Corporation, Genpact Limited, Wipro Limited, Capgemini, Hinduja Global Solutions, HCL Technologies Ltd, Cognizant Technology Solutions, EXLService Holdings Inc., and Accenture. These players dominate the market owing to their strong product and service delivery portfolio, and presence of large customer base in the U.S and European markets.

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

The global antifreeze market is expected to reach USD 8.76 billion by 2025, according to a new report by Grand View Research, Inc. Growing automotive sector in emerging economies including China, India, Indonesia, South Korea and Mexico is expected to drive market demand.

Rising concerns in protecting automotive engines and radiators against overheating, freezing and corrosion is expected to drive the demand for antifreeze. Increasing demand for passenger cars & light weight commercial vehicles in China & India coupled with favorable government policies on automotive development and manufacturing is expected to create immense market potential.

Organic acid technology (OAT) accounted for over 51% of the global volume share in 2016. High demand for coolants based on minimally depleting carboxylate technology as substitutes for conventional antifreeze based on silicates, nitrates, phosphates and amines is expected to translate into rapid industry growth over the forecast period.

Aerospace accounted for the second largest application sector. Growing commercial aerospace subsector coupled with increasing defense budgets by countries including UK, Middle Eastern Countries, Japan, France, India and China will promote industry growth.

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

Further key findings from the report suggest:

Ethylene Glycol based antifreeze were the dominant product segment and accounted for 54.7% of the total market share in 2016 owing to increasing usage in deicing, prevention of radiator overheating and protection against radiator freezing.
Asia Pacific accounted for the largest share in 2016 and is anticipated to show substantial growth considering increasing demand for passenger cars and light commercial vehicles mainly in China and India.
The European aerospace market is expected to witness the maximum growth owing to the immense investments made in aerospace R&D and presence of abundant players in countries including Germany, France, UK, Sweden and Poland.
In March 2015, Rechochem launched HD diesel coolants for high heat engines. The company plans on expanding its existent diesel coolant product line by introducing new products using the RECO Blue technology so as to meet the demand and product specifications.
The industrial heat transfer and cooling system on HVAC equipment market is expected to grow significantly over the forecast period owing to the increasing demand in end use industries including residential, industrial, commercial and automotive. This will drive the demand for antifreeze in HVAC equipment.
Stringent regulatory framework regarding antifreeze disposal & recycling has compelled manufacturers to adopt environment-friendly, sustainable materials & products in the automotive industry.
The presence of major players in the market including Royal Dutch Shell, ExxonMobil Corporation, Chevron Philips Corporation, Sinopec, Total S.A., Kost USA, Motul, Ashland Corporation, British Petroleum PLC., Lukoil, Petronas, BASF, Duetsche Pentosin and SONAX is expected to augment industry size.

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

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Human Growth Hormone Market Trends: Hormone Deficiency Diseases & Technological Advancement

The global human growth hormone (hGH) market is expected to reach USD 7.1 billion by 2025, according to a new report by Grand View Research, Inc. Rising cases of pituitary dysfunction and increasing use of human growth hormone are likely to drive the market in coming years.

Turner syndrome, growth hormone deficiency, Prader-Willi syndrome, idiopathic short stature, and small for gestational age (SGA) are major disorders in which growth hormone (GH) are used. Additionally, growth hormone also received an approval for other indications such as Creutzfeldt-Jakob disease, chronic kidney disease, SHOX gene haploinsufficiency, and Noonan syndrome.

Although FDA has not approved the use of hGH as anti-aging therapy, many practitioners offer injections of growth hormones at higher prices. The hGH therapy is aggressively promoted for advanced age symptoms.

hGH is anabolic as it accelerates protein synthesis and breaks down fat. Hence, athletes involved in strength demanding activities and sports are likely to use growth hormones for its anabolic effects. It is a fairly common practice among athletes and body-builders to use combination of anabolic steroids and GH for the benefits.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/human-growth-hormone-drugs-market

Further Key Findings From the Report Suggest:

Increasing demand for hGH due to rising growth hormone deficiency diseases and technological advancement such as recombinant DNA technology are expected to propel the market growth.
The growth hormone deficiency segment accounted for the highest share of the market in 2016 and is estimated to observe the fastest growth of the market. This can be attributed to increasing incidence of pituitary dysfunctioning and investment by major players for the research and development of human growth hormone drugs.
Turner syndrome also accounted for the significant share in the GH market. Large number of patients and effectivity of growth hormone to treat Turner’s syndrome are the key reasons for the significant share in the market.
Geographically, North America was the largest market for GH in 2016 and is anticipated to maintain its dominance during the forecast period due to the local presence of market players, the presence of strong pipeline, and affordability of hormonal therapy.
Asia Pacific is estimated to witness the fastest growth during the forecast period owing to increasing healthcare expenditure, investment by market players, and large patient pool. Furthermore, increasing awareness about the therapy for short stature is likely to boost the demand for GH.
Some of the key players are Pfizer, Inc.; Merck & Co., Inc.; Eli Lilly and Company, Genentech, Inc., Novo Nordisk, Sandoz International GmbH, Ferring Holding SA, and Ipsen.

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Biological Implant Market Size Worth $9.8 Billion By 2024

Global biological implant market is anticipated to reach USD 9.8 billion by 2024, according to a new report by Grand View Research, Inc. Biological implant market is driven by rise in adoption of grafts and organ substitutes for reconstructive surgeries for various clinical applications such as cardiovascular, orthopedic and other soft tissue repair. The main challenge associated with the use of these products is to incorporate such a material that can specifically adapt to the biology of the surrounding environment in order to accelerate regeneration and repair. To overcome this challenge, research endeavors are carried out in order to develop such devices from biological source thus affecting industrial growth in the coming years.

Modification in the process of composite grafting is expected to play a crucial role in tackling reimplantation of amputated fingertips by bringing development in the overall process of grafting. Moreover, rising competition amongst key participants operating in this market is one of the high impact rendering factors to accelerate the growth.

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

Further key findings from the report suggest:

Depending upon the source or donor of grafts, products offered can be categorized into autograft, allografts, and xenografts. Xenografts dominated the revenue share in 2015 with a revenue share of over 50%. However, allografts are expected to witness the fastest growth owing to the fact that they are derived from same species and produce considerably less chances of foreign immune reaction, thereby influencing adoption rate.
Biological implants serve various application domains which include cardiovascular, orthopedic, and other soft tissue implants. Soft tissue products accounted for the largest share in 2015 as a result of higher usage of the products in the field of dentistry. Even though cardiovascular implants accounted for lowest penetration in the current scenario, demand for cardiovascular stents and valves obtained from biological source is expected to expand, consequently boosting revenue generation from this segment.
Amongst surgical and injectable mode of administration, surgical mode is estimated to hold the larger share, as a consequence of availability of several products administered via this route. Introduction of minimally invasive techniques for surgical incorporation of grafts is also one of the significant factors propelling growth in this segment.
North America dominated the market with a revenue share of 50% due to widespread presence of participants coupled with high aesthetic and healthcare awareness levels amongst the population in this region.
Asia Pacific is estimated to exhibit the fastest growth in the coming years due to presence of the target population and rapidly improving health care infrastructure which is attributed to drive the demand for tissue engineered products and biological implants.
Major players operating in this industry include Medtronic, NuVasive, Inc, Stryker Corporation, Conmed Corporation, CryoLife, Edwards LifeSciences Corporation, Acelity, Integra LifeSciences Corporation, Allergan Plc, RTI Surgical, IOP Ophthalmics, Organogenesis Inc, BioPolymer GmbH & Co. KG, Osiris Therapeutics, Baxter International, Vericel, Aplhatec Spine Inc, Maxigen Biotech Inc, Auto Tissue Berlin GmbH, MiMedx Group, Inc., Biotissue Technologies,
These players are undertaking different business strategies to boost their respective penetration and enhance market presence. These strategies include novel product developments and geographic expansion by involving in collaborative activities in order to grab the larger share of revenue. For instance, in April 2016, Stryker Corporation acquired Stanmore Implants Worldwide Limited which is expected to enable the company to provide differentiated technologies to orthopedic oncology surgeons, thus propelling growth over the forecast period.

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Monday 22 January 2018

IoT In Retail Market Swells Growth of $94.44 Billion By 2025

The global IoT in retail market is expected to reach USD 94.44 billion by 2025, according to a new report by Grand View Research, Inc. This growth can be attributed to the merging of digital and in-store operations in retail stores.

Digital channels are becoming an important touchpoint for an Omni channel experience. Retailers are focusing on gaining a competitive advantage by installing smart shelves and RFID sensors, which detect low inventory and track products throughout the respective supply chain. The adoption of IoT also helps retailers to revolutionize the delivery operations and retail supply chain.

The increasing Internet of Things spending in retail sectors for the purpose of premises monitoring, product monitoring, supply chain monitoring, and customer monitoring is driving the demand for IoT-based solutions. Cloud-based IoT solutions are enabling retailers to monitor and analyze the existing processes to improve them with incremental investments in capital equipment. However, with the rising degree of IoT penetration, retailers are still struggling on capitalizing IoT-enabled capabilities.

The retail Internet of Things market is expected to witness promising growth as the industry is evolving from the passive approach of monitoring consumer behavior. Optimizing and automating supply chain is one of the key factors for the adoption of connected technology among retailers. However, fragmented technology standards and increasing security concerns are expected to hamper the industry growth.

To request a sample copy or view summary of this report:
www.grandviewresearch.com/industry-analysis/internet-of-things-iot-retail-market

Further key findings from the report suggest:

The retail IoT software is expected to be the fastest-growing segment owing to the increasing adoption of retail analytics solutions
Beacons are expected to grow at a CAGR of over 24%. This growth can be attributed to its increasing adoption for enhancing customer in-store experience
Professional services are expected to dominate the market over the forecast period
Solution providers are focusing on providing Software-as-a-Service (SaaS) and Payment-as-a-Service (PaaS) to retailers.
Bluetooth Low Energy (BLE) is expected to witness the fastest growth over the forecast period as this technology is gaining prominence in pre-tailing, payments, and post-payments operations.
Latin America is expected to reach a revenue share of over 12% by 2025 due to the demand for innovation in infrastructure technology in retail outlets
The key industry players include Intel Corporation, Impinj Inc., RetailNext Inc., Allerin Tech Pvt. Ltd., and Losant IoT Inc.
Several vendors are offering connected ecosystems that provide retailers with a wide array of devices through a single platform

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-internet-of-things-iot-retail-market

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Analysts Predict Lightning Growth for Global Iron Oxide Pigment Market

The global iron oxide pigment market is expected to reach USD 2.67 billion by 2024, according to a new report by Grand View Research, Inc. Significant infrastructure improvement, especially in the Middle East and Asia Pacific, is projected to remain a major factor driving growth. Technological advancements and significant developments in the manufacturing sectors are expected to create lucrative opportunities for industry participants.

Chemical manufacturers including BASF and Lanxess are utilizing enhanced technologies for manufacturing the high-quality product by following proper industry standards. Synthetic iron oxide pigment dominated the global demand with a net market value of USD 1.25 billion in 2015.

The segment is projected to remain the largest product segment in near future owing to its ability to be manufactured in various colors and blends that are used across various application segments including coatings and cosmetics.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/iron-oxide-pigment-market

Further key findings from the report suggest:

The global iron oxide pigment market demand was 1,329.4 kilotons in 2015 and is expected to reach 1,825.8 kilotons by 2024, growing at a CAGR of 3.7% from 2016 to 2024
The red iron oxide pigment is anticipated to emerge as the fastest growing color segment over the forecast period owing to high demand from the construction industry.
Construction application dominated the global iron oxide pigment market and accounted for over 45% of total market volume in 2015. The growing construction activities, especially in India and China are expected to drive the market.
Asia Pacific was the leading regional market with demand share exceeding 40% in 2015. The region is also expected to experience superior growth compared to other regions over the forecast period. The high growth may be attributed to the increasing demand in construction and plastic sector.
The global market is dominated by various companies that are present across the value chain. Major players operating in the iron oxide pigment market include LANXESS AG, BASF SE, Kronos Worldwide, Huntsman Corporation, Cathay Industries, Applied Minerals Inc, Jiangsu Yuxing Industry & Trade Co., Ltd, Kolorjet Chemicals Pvt. Ltd and Titan Kogyo.

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Earthmoving Equipment Market Is Anticipated To Reach $184.56 Billion By 2022

The global earthmoving equipment market is expected to reach USD 184.56 billion by 2022, according to a new study by Grand View Research, Inc. Technological advancements such as facilitation of real-time monitoring for detecting and monitoring equipment failure are anticipated to fuel product demand.

Vendors are increasingly investing in R&D to develop solutions in order to improve machine operations. Technology products such as AccuGrade Grade Control System and Computer Aided Earthmoving System (CAES) are increasingly being incorporated. Manufacturers also offer products with GPS technology and other electronic control modules and database tools for enhancing product offering.

Increasing mechanization of construction processes coupled with strong economic growth in Asia Pacific earthmoving machinery market is anticipated to boost consumption in the region. Rising expenditure on infrastructure activities is also expected to escalate demand significantly over the coming years.

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Further key findings from the study suggest:

Loaders segment accounted for over 45% of the overall consumption in 2014 and is expected to shrink over the next seven years. Demand balancing is anticipated to take some time as the industry is expected to continue to be serviced with large number of existing units.
Excavators market was valued over USD 30 billion in 2014 and is expected to exhibit high growth over the forecast period. Escalating demand across broad residential applications such as public and private infrastructure development would drive demand extensively. Rising adoption in the commercial sector is another key factor driving industry growth.
Construction equipment industry is expected to reach over USD 100 billion by 2022. Strong economic growth coupled with increasing consumer spending on infrastructure activities is anticipated to fuel product demand over the forecast period.
Private construction spending accounted for over 75% of the total construction industry spending in 2014. Increasing government investment in infrastructure development particularly in developing nations of Asia Pacific is expected to spur demand. Growing urbanization paired with increasing demand from corporate sector for infrastructure development may also drive industry growth.
Asia Pacific earthmoving equipment market accounted for over 50% of the industry share in 2014 and is estimated to exhibit high growth prospects over the next seven years. Emergence of lease-based machinery along with private investment in real estate is further expected to propel demand.
Middle East earthmoving equipment market is expected to grow at a CAGR of over 9.5% from 2015 to 2022. Growing large scale construction projects especially in the Middle East countries is expected to increase demand for these products over the next few years. Technological advancements and improvement in the quality and after-market services offered by vendors is also anticipated to drive industry growth.
Key competitors dominating the earthmoving equipment industry include Doosan Infracore Ltd., Caterpillar, Komatsu Ltd., Sany Heavy Industries Co. Ltd and Liebherr. Industry participants emphasize on offering low cost products over energy-efficient products, particularly in price sensitive markets. Manufacturers also focus on lowering production cost and meet emission regulations set by the various regulatory bodies. Chinese manufacturers are increasing their international presence in the wheel loaders industry, competing with enormous array of manufactures in this segment.

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Baking Ingredients Market is Growing at CAGR of 5.8% By 2025

The global baking ingredients market is expected to reach USD 19.4 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 5.8% over the forecast period, owing to Increasing consumer preferences for wide variety of tastes is expected to be the key factor driving the growth of baking ingredients market. In addition, rise in food-away from home expenditures is also propelling market growth.

Baking ingredients are widely used in various end-use segments such as bread, cookies, biscuits, cakes, pastries, rolls, pies, tarts and cupcakes. The baking ingredients market is mainly driven by the demand from the bread end-use segment, as it is the staple food in developed countries and affordable to many price sensitive consumers in emerging economies. In countries like China and India, bread is replacing many traditional breakfast and snack items.

Increase in away from home food expenditures is leading to the increase in the number of retail outlets, in-store bakeries, convenience stores, artisan bakeries, and coffee shops providing various baked good with innovative flavors. In addition, increasing urbanization and improving economic conditions in transition economies is also having a cumulative effect on the overall market.

In terms of revenue, enzymes and emulsifiers were estimated as the fastest growing ingredients. These segments are expected to register double digit growth rate in China. Enzymes and emulsifiers have several positive influences in the baking process such as improving the dough stability, extending shelf life, influencing fermentation activity and reduces production cost. Enzymes, emulsifiers, leavening agents, oils, fats and shortenings help in expanding the penetration of packaged food market.

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https://www.grandviewresearch.com/industry-analysis/baking-ingredients-market

Further key findings from the report suggest:

Enzymes as baking ingredient is expected to witness the highest growth in terms of value at a CAGR of 7.9% from 2017 to 2025. Enzymes have a prominent role in increasing the shelf-life and providing anti-staling properties in the baked product. Furthermore, technological advancements in developing new enzymes is expected to augment the growth over the forecast period.
Bread segment emerged as the largest end-use in terms of value in 2016 and is estimated to reach USD 8,541.6 million by 2025. Bread is a staple food in many of the countries in Europe, North America and Central & South America and has varied application in food processing industry.
The industry in Asia Pacific is expected to witness significant growth over the next eight years owing to rising working population and customer’s inclination adapting western food life style. In terms of revenue, the Asia Pacific is expected to grow at a CAGR of 7.2% from 2017 to 2025
Key players include Flowers Foods Inc, Hostess Brands LLC, Mckee Foods Corporation, George Weston Ltd., Grupo Bimbo. S.A.B. de C.V., Uniferm GmbH & Co., Koninklijke DSM N.V, General Mills Inc, Associated British Foods Plc

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Ammonium Nitrate Market Has Very Promising Future Thanks To The Increasing Investments

The global ammonium nitrate market is expected to reach USD 6.18 billion by 2025, according to a new report by Grand View Research, Inc. Superior stability and low nitrogen emission offered by the product in crop protection chemicals is expected to drive the market growth.

At present, stringent regulations related to transportation, storage, handling, and usage of ammonium nitrate is forcing the manufacturers to opt out of the market. Moreover, the profit margins are shrinking owing to rising substitutes including urea, which further discourages the new entrants to invest in the market which is likely to have a negative impact on the industry trend.

The industry has several players, which are integrated across the value chain to manufacture raw materials. Strong foothold of the existing players in the market is expected to increase entry barrier of new players. In addition, the rivalry between established producers is expected to increase on the account of low product differentiation.

Rising penetration of urea as a substitute for the product in fertilizer application is expected to hamper the industry growth. However, the product offers the better efficiency of nitrogen uptake and has low carbon footprints than urea, which is likely to have a positive impact on the industry trends over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/ammonium-nitrate-market

Further key findings from the report suggest:

The demand for the product in China was valued at USD 644 million in 2016 owing to the high production volumes of nitrogen fertilizers in the country for domestic applications as well as exports
Ammonium nitrates in explosive application is expected to grow at a CAGR of 2.8% from 2017 to 2025, owing its rising demand from military sector for manufacturing of smart explosives
Fertilizers segment accounted for 60% of the total volume consumed in 2016 and is projected to grow owing to dynamic growth of agricultural activities in developing economies including Brazil, India and China
The market in Asia Pacific is expected to grow at the highest CAGR of 3.9% from 2017 to 2025, owing to rising coal and mineral mining activities across Asian countries especially in China and India
Ukraine was one of the largest consumer markets for the product in the world and is expected to grow at a CAGR of 3.1% from 2017 to 2025, owing to high demand for the product in fertilizers
As of 2016, the major players in the industry including EuroChem Group AG, CF Industries, Orica, and Austin Powder International hold over 35% of the world’s ammonium nitrate production capacity

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Nanocoatings Market Holds a Huge Growth By 2020

The global nanocoatings market size was estimated at 309.5 kilo tons in 2013. Rising inclination towards the use of advanced nanomaterials in automotive and medical industries has led to an increase in the usage of nanotechnology, in turn boosting the growth of nanocoatings market.

Nanocoatings are nanotechnology-based coatings possessing unique properties such as ductility, lubricity, hardness, abrasion resistance, and transparency, unlike conventional polymer coatings. The market is expected to be driven majorly because of a shift in demand for the product over conventional polymer coatings owing to their extraordinary properties and lower volatile organic compound emissions.

Rising consumer awareness about self-cleaning and anti-microbial coatings in aerospace and mechanical applications to enhance the life spans of functional parts will augment the growth of the product over the forecast period. The global nanocoatings industry is estimated to be worth USD 8.17 billion by 2020.

Nanocoatings are available in numerous forms exhibiting functionalities such as self-cleaning, anti-fingerprint, anti-fouling & easy-to-clean and anti-microbial. Anti-fingerprint coatings are anticipated to witness significant gains with an estimated CAGR of 23.2% from 2014 to 2020, due to their extensive use in electronics and automotive applications.

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https://www.grandviewresearch.com/industry-analysis/nanocoatings-market

Anti-microbial coatings are majorly used in the food manufacturing, water treatment, building & construction, packaging, and medical & healthcare sectors to avoid the spread of harmful microbes. As of 2013, demand for these coatings was 90.9 kilo tons generating USD 541.6 million and is anticipated to grow at 22.9 % CAGR over the forecast period.

Self-cleaning coatings include photo catalytic and bionic products and are predicted to grow as they provide high water repellence which helps in retaining gloss and color. Easy-to-clean and anti-fouling coatings are expected to increase significantly with their increasing use in marine, food, electronics and automotive applications.

Demand for the product in medical & healthcare applications was 43.7 kilo tons in 2013. Increasing usage of anti-microbial nanocoatings and anti-fingerprints coatings owing to their differentiating properties are being extensively used in patient care facilities. This segment is expected to witness significant gains at 22.7% CAGR from 2014 to 2022. Demand in automotive applications was 39.8 kilo tons in 2013. Positive outlook towards the automotive industry is anticipated to bolster growth over the forecast period.

North America demand was 128.7 kilo tons in 2013 contributing to over 40% of the global market. The market is likely to witness growth owing to the growing requirement for the product in healthcare applications. Technological advancements have led to better healthcare amenities and increasing demand in the automotive sector in the U.S. have given a boost to the market.

Adoption of nanocoatings in European countries is likely to increase owing to price hikes of raw material and strict regulations concerning VOC emissions released from paints & coatings industry. Expansion of the electronics, healthcare and automotive industries in Asia Pacific due to innovative technologies and cost-effective labor is anticipated to drive the market demand.

Key market participants include Bio-Gate AG, P2i Ltd, Nanofilm Ltd., Buhler PARTEC GmbH, Nanophase Technologies Corporation, Nanogate AG, Integran Technologies Inc., Eikos Inc., Inframat Corporation, Cima NanoTech Inc., and Nanovere Technologies LLC.

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Thermal Barrier Coatings Market is projected to Experience Strong Growth in the Asia-Pacific Region

The global thermal barrier coatings market is expected to reach a market size of USD 22.30 billion by 2024, according to a new report by Grand View Research, Inc. The industry is expected to witness significant growth over the forecast period owing to the increased adoption of air plasma and vapor deposition technologies for coating application, thereby increasing the demand from various application segments, globally.

The rising demand from gas turbine applications across stationary power plants, aerospace, and automotive industries is also expected to propel demand over the forecast years. The technological advancements in the industry have widened the application scope of these coating products in the aforementioned segments. This is expected to offer significant growth potential for industry players in the industry during the forecast period.

Aerospace is the most important application segment, globally. The rapidly increasing air passenger traffic worldwide led to immense pressure on the aviation industry for more aircraft. This resulted in increased demand for aero-engines and turbines, which further resulted in increased demand for the product. This is expected to be a key trend in the industry during the projected years.

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https://www.grandviewresearch.com/industry-analysis/thermal-barrier-coatings-tbc-market

Further key findings from the report suggest:

Globally, the aerospace application segment dominated the overall industry, and is expected to witness considerable growth during the forecast period, growing at a CAGR of over 6% during the forecast period; the rapid growth can be attributed to growing demand for gas turbines in the aviation industry.
Growing adopting of the product in defense and marine application is expected to propel growth over the next eight years. The increasing military expenditures by emerging countries and increasing political instability across the globe are among the key reasons that are expected to impact the procurement of automobiles with advanced equipment and heat management technologies.
North America dominated the thermal barrier coatings industry in 2015 with an estimated revenue of over USD 3.5 billion; the industry in this region is projected to grow significantly owing to the increasing technological advancements in the region promoting the adoption of thermal barrier coatings across applications.
In the North American industry, the stationary power plants segment is expected to witness the highest growth during the forecast period, projected to grow at a CAGR of nearly 7% in terms of revenue.
Globally, Asia Pacific is expected to witness the highest growth during the forecast period in the industry, growing at a CAGR of over 8%. This region is dominated primarily by China, the market in which is expected to witness growth at a CAGR of nearly 9% during the forecast period.
Key participants in the given industry include Praxair Surface Technologies, Metallisation Ltd., TST Engineered Coating Solutions, and Precision Coatings, Inc., among others. New product developments and innovation related to improving barrier properties of coatings are expected to strengthen their positions globally.

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Future Business Opportunities in Grow Light Market

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.

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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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ECG Equipment Market Analysis Of Opportunities Offered By High Growth Economies

The global ECG equipment market is expected to reach USD 6.3 billion by 2022, according to a new report by Grand View Research Inc. The rising incidences of cardiovascular disorders and government initiatives to make people aware about health check-ups are expected to boost market growth. In addition, the change in the medical preference from acute intervention to preventive care is expected to increase the demand for more accurate and cost-effective methods for heart monitoring.

According to the WHO, in 2012, around 17.5 million people died due to cardiovascular diseases. This is due to the late diagnosis and absence of early symptoms as the patient fails to keep record of his vital signs.

Owing to the increasing incidences, government is undertaking various awareness programs. According to the American Heart Association (AHA), 56% women identified heart disease as a leading cause of death in 2012 as compared to 30% in 1997.

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www.grandviewresearch.com/industry-analysis/ecg-equipment-market

Further key findings from the report suggest:

ECG monitoring equipment has high future growth potential owing to changing trend towards preventive care and new product innovation with data integration. In February 2014, Medtronic launched its FDA approved Reveal LINQ. The upgraded version of Reveal XT offers patient heart monitoring for three years with 20% more data memory than its previous version.
ECG stress testing systems is one of the dominating segments of the market. The growing need for flexible stress systems and comprehensive data management is driving the market for this segment. Quinton 9500 series from Cardiac Science portable system allows physicians to optimize the examination space and enables more data integrations.
Holter monitoring systems is another segment, which is expected to gain significant market share over the forecast period due to the fact that the system assists in identifying arrhythmias that takes place during certain activities such as exercise, stress, bowel movements, sleep, eating, and stress
2M Engineering Ltd. launched the VitaMove 2S ExG movement and ECG-recorder, which is equipped with 3-lead ECG holter, that combines daily activities with heart rate events/trends, ECG, and derivatives such as Heart Rate Variability (HRV)
North America dominated the market in 2014 and is expected to grow at a CAGR of 5.8% over the forecast period. With major industry players situated in North America, the innovations and upgrading rates are higher as compared to other regions. In August 2015, InfoBionic along with Safeguard Scientists raised USD 8 million to commercialize Mome Kardia. Mome Kardia is a remote patient monitoring system based on the cloud technology that could be worn around the neck.
Asia Pacific is expected to witness substantial growth during the forecast period owing to the rising incidence rate of heart diseases and growing manufacturing outsourcing in the region
According to the Government of India, the prevalence of heart failure in the nation due to hypertension, obesity, coronary heart disease, obesity, rheumatic heart disease, diabetes ranges from 1.3 to 4.6 million and an annual incidence rate of 491,600 to 1.8 million
As per a report published by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), people have adopted unhealthy lifestyles along with increasing stress levels, decreasing physical activity, tobacco smoking, and increasing consumption of saturated fats
Industry players are constantly fueling the market with newer technologies or upgrading existing technology. In May 2015, CardioComm Solutions, Inc. launched HeartCheck PEN. This Bluetooth wireless connectivity pen could be connected for data acquisition with Android and Apple smartphones.
Apart from technology innovations, many industry players are expanding their global presence by signing distribution agreements with domestic distributors. In October 2015, iNeedMD Holdings, Inc. signed a distribution agreement with Clifton Africa Ltd. This one-year distribution agreement is worth USD 1.5 million.
Key players of the ECG equipment market include Medtronic, GE Healthcare, Philips Healthcare, Schiller AG, Nihon Kohden, CardioComm Solutions, Inc., and Johnson & Johnson.

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Analysts Predict Lightning Growth for Global Aerosol Refrigerants Market

The global aerosol refrigerants market size is expected to reach USD 1.57 billion by 2025, according to a new report by Grand View Research, Inc. The rising demand for large-scale refrigerators, chillers, and air conditioner systems across the globe is expected to propel demand for the product.

The plant setup for manufacturing the product requires a significant amount of investment during the start-up phase of equipment installation and storage. The presence of stringent government regulations regarding the testing and labeling of such products before and after placing them on the shelves adds to the final cost of the product. As a result, the industry exhibits a notable entry barrier.

The rise of e-commerce portals results in an ease in the product purchase with such companies offering price discounts. In addition, the product has registered an increase in demand from the aftermarket industry as low volumes can be packaged in such containers. The rise in cost of raw materials such as cans, propellants, and actuators is anticipated to affect the industry.

The industry is characterized by the presence of a stringent regulatory framework pertaining to the use of type of refrigerants. In addition, the development of advanced technology products that cause no environmental damage is one of the major emerging trends of the industry. However, the increase in the product adoption is expected to elevate the manufacturer profit margins leading to industry growth.

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https://www.grandviewresearch.com/industry-analysis/aerosol-refrigerants-market

Further key findings from the report suggest:

Aluminum based aerosol refrigerants are expected to register high growth at a CAGR of 6.8% from 2017 to 2025, on account of low can weight coupled with the growth of metal recycling activities across North America and Europe
The demand for the product in Asia Pacific is expected to reach a value of USD 319.7 million by 2025 on account of growing industrialization leading to a high demand for refrigeration products
The industry in the U.S. is anticipated to register a CAGR growth of 6.5% by revenue from 2017 to 2025 due to increasing product adoption by the consumers in the industrial and residential applications
Key players are involved in the production of advanced formulations in a bid to drive the industry growth. In addition, the presence of major manufacturers is expected to limit the growth opportunities for the emerging players.

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Friday 19 January 2018

Latest Trending Research Study on U.S. Industrial Lubricants Market Analysis 2014 – 2025

The U.S. industrial lubricants market is expected to reach USD 8.94 billion by 2025, according to a new report by Grand View Research, Inc. Increasing initiatives by the U.S. government to promote the manufacturing sector along with the rising number of trade activities across the region have been major factors driving market growth.

Lubricating oils have diverse applications in chemical manufacturing sector followed by textile industry in the U.S. Heat exchangers have a very broad range of industrial applications in the region. These are being utilized increasingly within production plants as well as factories to keep water, gas, machinery, and chemicals other substances within a safe operating temperature.

With the rise in the construction industry in the U.S., metal joining fluids are being increasingly used in the region across diverse commercial applications. Metal joining consists of specialized processes such as honeycomb brazing and vacuum, complex operations that require a unison between expertise and technology. These factors shall expand the scope of lubricants usage in production processes across the U.S.

Industrial engine oils are designed to offset the rising fuel and operating costs. They exhibit lesser coefficient of friction, which helps in saving fuel, while at the same time, keeps the engine clean for optimal efficiency of combustion. Specifically, the oils help in keeping the ports, piston, crankcase, and filters clean for a long duration. Industrial engine oils are widely used to prevent wear & tear, corrosion, and reduce friction in engines.

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https://www.grandviewresearch.com/industry-analysis/us-industrial-lubricants-market

Further key findings from the report suggest:

The U.S industrial lubricants demand exceeded 2,260.3 kilo tons in 2016 and is expected to grow at a CAGR of 2.6% from 2017 to 2025
Process oil emerged as the leading product segment in 2016, with the segment revenue projected at USD 2.76 billion by 2025
The U.S. has witnessed rapid emergence of high-performance lubricants formulated from liquefied natural gas base stock in recent years, which has been significantly driven by an upsurge in the shale gas economies
Rising consumer preference for high quality fabrics as a result of increasing awareness of transitioning fashion trends and a rise in disposable income has fostered lubricants demand in textiles
Technological developments and intense efforts to increase production capacities by several manufacturers is also expected to boost growth
Key industry participants include ExxonMobil Corp., The Lubrizol Corporation, Total S.A., Castrol, Valvoline International Inc., Chevron Corp., Royal Dutch Shell, Phillips 66 and Lucas Oil Products Inc.

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