Market Forecast News: May 2018

Thursday 31 May 2018

Food Preservatives Market Expand Their Businesses With New Investments

The global food preservatives market is expected to reach USD 3.2 billion by 2025, according to a new report by Grand View Research, Inc. Fast-paced working lifestyle of consumers in North America and Asia Pacific has led to increased demand for ready-to-eat food. As a result, to prevent food spoilage and increase their shelf life, demand for food preservatives has increased.

Food preservation is a traditional method used to store and keep food safe from contaminants for longer duration. With time, preservation methods have evolved from culinary salt and sugar to chemical types. Globalization has led to increased demand for synthetic preservatives. Usage of preservatives in various applications such as processed meat, bakery, and dairy is expected to foresee a substantial growth over the forecast period.

Food preservatives are categorized into two types: natural and synthetic. Natural types include rosemary extracts, vinegar, and natamycin whereas propionates, benzoates, and sorbates are the most preferred synthetic variants. Ill effects associated with synthetic preservatives, coupled with growing health consciousness among consumers, is driving demand for natural preservatives.

Functionally, anti-microbial preservatives are estimated to dominate the market in terms of revenue owing to an increased demand for anti-microbial agents in the processed meat and beverage industries.

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

Further key findings from the report suggest:

Asia Pacific is expected to witness fastest growth with a CAGR of 5.0% over the forecast period owing to factors such as increase in population, consumer willingness to pay premium price for organic products, and consumer preference for ready-to-eat meals
North America was the largest regional market in terms of revenue in 2016 and is estimated to be valued at USD 1.04 billion by 2025. Players such as Bavaria Corporation International, Biosecur Lab, Inc.; Prinova Group, LLC, Kalsec, Inc.; and DowDuPont, Inc. operate in North America and provide natural as well as chemical preservatives
Asia Pacific is the most attractive market for manufacturers owing to significant growth in application sectors such as bakery, beverages, confectionery, processed meat, poultry, and seafood. This region is also expected to exhibit the fastest growth rate over the forecast period
The U.S. food preservatives market was valued at USD 350.30 million in 2016 and is estimated to reach USD 455.78 million by 2025. Manufacturers in this region are shifting from synthetic to natural types of preservatives
Key players such as Galactic S.A.; Kemin Industries, Inc.; and Prinova Group, LLC have made a successful entry in the market whereas manufacturers such as Royal DSM N.V.; Akzo Nobel N.V.; BASF SE; Celanese Corporation; and Cargill Inc. have a prominent and established presence in the global market.

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About Grand View Research

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

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

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

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

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

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

Further key findings from the study suggest:

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

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

The global oilfield services market is expected to be valued at USD 139.1 billion by 2025, according to a new report by Grand View Research, Inc. These services are being increasingly implemented owing to the rising demand for energy and the development of new oilfields.

The purpose of oilfield services is to help operators control the subsurface pressures, minimize formation damage, control borehole erosion, and optimize drilling parameters including the penetration rate and hole cleaning. The burgeoning offshore industry, particularly in the Persian Gulf, is anticipated to drive the oilfield services market over the forecast period. However, the adverse environmental effects of E&P activities coupled with strict government regulations are likely to hinder the market growth.

The processing & separation segment accounted for a market share of 12.7% in 2016 and is anticipated to ascend at a CAGR of 2.7% over the forecast period. This service aids the treatment of oil by means of distillate treaters, desalting & dehydration electrostatic treaters, and multiphase separation systems. It helps purify the natural gas obtained from reservoirs, eliminating its inherent impurities. The techniques employed in gas processing & treatment include glycol dehydration, monoethylene glycol reclamation & regeneration, phase separation, and acid gas treatment & removal. The various advantages of processing & separation are anticipated to boost the demand for oilfield services over the next few years.

The growing number of deep-water exploration and production activities in the Gulf region is projected to fuel the demand for drilling fluids over the forecast period. In 2015, major companies such as Chevron, Petronas, Shell, Total, and YPF had announced plans to invest in E&P activities. However, macroeconomic factors such as inflation, falling oil prices, and the economic downturn had a negative impact on the oil production in various parts of Argentina, Brazil, and Venezuela.

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

Further key findings from the report suggest:

The global oilfield services market was valued at USD 103.26 billion in 2016 and is estimated to witness a CAGR of 3.4% from 2017 to 2025
The global demand for oilfield services in onshore applications was valued at USD 66.57 billion in 2016 and is anticipated to record a steady growth over the next eight years
Production emerged as the largest segment of the market, by service, in 2016 and is predicted to be valued at USD 29.57 billion by 2025
Seismic is anticipated to be the fastest growing segment of the market, by service, ascending at a CAGR of 4.2% over the next eight years
Asia Pacific is anticipated to progress at a CAGR of 4.8% over the forecast period. Growing concerns about the wellbore stability, well blowout, and extreme temperature operating conditions are expected to boost the demand for oilfield services in offshore and onshore regions in the coming years.
Key players of the market include Schlumberger Limited, Baker Hughes Incorporated, Archer Limited, Halliburton Company, and Weatherford International. These players often engage in research & development activities in order to expand their product portfolios and gain larger market shares.

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Global Threat Intelligence Market Is Thriving Worldwide 2014 – 2025

The global threat intelligence market is anticipated to reach USD 12.6 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for threat intelligence is increasing owing to rise in cyber-crime, threat breaches and growing numbers of sophisticated attacks in leading security conscious sectors. Moreover, the breaches in most of the organizations have a financial or espionage motive which results in disruption of business and has become a major concern for them which is expected to contribute to demand of threat intelligence solutions and services immensely.

Threat intelligence incident forensics is expected to gain traction over the forecast period. The application of incident forensics initiates actionable security during breach through predictive and reactive analysis. Further, its application investigates the root causes of the breach and contains the damage of an attack. An organization lacking to incorporate advanced intelligence system might pose as a key determinant that significantly affects the mass adoption of incident forensics solution.

Organizations are preferring the use of cloud security as the cost incurred in the implementation of the on-premise solutions is high. The cloud-based security adoption is expected to increase in the near future owing to the growing adoption of cloud storage systems. The cloud-based deployment stops the unwanted traffic before it enters the network. Furthermore, it eliminates the requirement of on-premise equipment, which is expected to increase the demand for the product over the forecast period.

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

Further key findings from the report suggest:

The global threat intelligence market accounted for USD 3,028.9 million in 2016 and is expected to grow at a CAGR of 17.4% from 2017 to 2025
The demand for incident forensics is estimated to reach USD 1,254.8 million by 2025 and is expected grow at a high rate over the forecast period.
The cloud-based deployment in threat intelligence market is estimated to account USD 1,146.4 million in the year 2016.
BFSI emerged as the largest application segment and is estimated to generate revenue over USD 3,282.0 million by 2025.
Threat intelligence demand in manufacturing applications is anticipated to witness moderate growth over the forecast period.
The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of threat intelligence solutions on a large scale. The regional market is expected to grow at a CAGR of 21.1% from 2017 to 2025.
Key players include IBM Corporation, Dell Inc., Symantec Corporation, Check Point Software Technologies Ltd., accounting for a majority share of the overall market in 2016.

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Future Business Opportunities in Fire Alarm Market

The global fire alarm market size is expected to reach USD 23. 2 billion by 2025, according to a study by Grand View Research, Inc., registering a CAGR of 4.3% during the forecast period. Fire alarm and detectors can protect assets, avoid casualties, and prevent property damages by raising alerts about a fire outbreak at an early stage. Recent accidents, such as the Grenfell Tower fire in London in June 2017, have triggered the need to equip high rise towers with effective fire alarm and detection systems. Growth in new residential and commercial construction activities as well as renovation projects, and subsequent need to upgrade existing fire alarm and detection systems are also emerging as key factors driving fire alarm and detection market growth.

Advances in technology have resulted in introduction of wireless and quick response systems that can detect the exact location of the fire and curb false alarms. These systems are suitable for large-scale applications. However, these systems are expensive as they incorporate several electronic components and devices. Conventional systems are preferred for small-scale applications owing to cost constraints.

Fire safety norms are particularly stringent in North America and Europe. Moreover, the two regions are home to prominent market players, such as Emerson Electric Co., Fike Corporation, Gentex Corporation, and Halma plc. Hence, the North American and European regional markets are currently dominating the fire alarm market. However, regional markets in emerging economies, such as India and China, are expected to exhibit a higher CAGR over the forecast period in line with growing awareness about fire safety.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/fire-alarm-market

Further key findings from the study suggest:

Rising adoption of fire alarm & detection systems in response to stringent fire safety norms has propelled the growth of the global market, which is expected to register a CAGR of over 4.0% during the forecast period
Addressable systems are expected to emerge as the largest segment, projected to reach a value of USD 17.2 billion by 2025. This is owing to numerous benefits, such as quick response time, high reliability, and reduced cabling, offered by addressable alarm technology
Market size of the smoke detectors segment is projected to reach USD 10.4 billion over the forecast period. This can be attributed to the affordability of smoke detectors as well as their capability to detect low-intensity fires
The market for alarm & detection systems used in commercial applications is expected to continue dominating the overall market over the forecast period, and the market size of the segment is expected to exhibit a CAGR of over 4.5%
North America is currently the largest market and is expected to remain so over the forecast period. The region is known for early adoption of fire detection technology and is also home to leading market players
Emersion Electric Co.; Fike Corporation; Gentex Corporation; Halma plc; Hochiki Corporation; and Honeywell International, Inc. are some of the prominent players in the market.

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Wednesday 30 May 2018

Impact of Existing and Emerging Healthcare CRO Market

The global healthcare contract research organization (CRO) market is expected to reach USD 51.3 billion by 2024, according to a new study by Grand View Research Inc. Increasing drug development cost is expected to drive market demand over the forecast period. With the increasing number of patents expiring, increasing number of partnerships to identify biologics and new compounds and growing R&D costs, drug maker and sponsor companies are under pressure to replace the revenue loss specifically due to generics, which has further made drug development more expensive and complex.

Moreover, owing to the increasing incidence rates of chronic diseases such as cancer, Alzheimer’s and other infectious diseases in children, government funding has increased, which have led to increasing R&D activities. For instance, in January 2015, the U.S. announced an investment of USD 215 million for precision medicine initiative. The investment was broken up for NIH (USD 130 million), NCI (USD 70 million), and FDA (USD 10 million).

In addition, growing pressure on industry players to follow stringent timelines has increased the demand for outsourcing of research activities. Even government organizations are outsourcing their clinical trial activities to CROs so that they can carry out the clinical trials with the required infrastructure, expertise, and minimize cost and timelines. In 2015, the Canadian Federal Budget made an investment of USD 1.33 billion for the Canada Foundation for Innovation (CFI).

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

Further key findings from the study suggest:

Clinical trial services dominated the market in 2016 owing to the fact that it comprises four elaborate phases including human subjects. The increasing complexities in R&D trends have raised the need for expertise, thereby shortening the time required to commercialize the molecule.
In January 2016, Charles River Laboratories International, Inc. entered into a definitive agreement to acquire WIL Research for approximately USD 585 million. The acquisition is expected to strengthen Charles’ ability to partner with global clients.
The high R&D spending in oncology has also fueled the need for healthcare contract research outsourcing. Realizing this demand, France-based laboratory, XenTech increased its capacity of its animal care to 50% along with increasing collaborative research projects.
North America was the largest regional market with revenue share estimated at over 40% owing to the presence of global industries, which invest maximum of their revenue in research activities. In addition, many academic institutes receive grants to undertake these activities. For instance, in July 2015, the University of Toronto received USD 1.5 billion under the Medicine by Design initiative.
Europe was the second largest market in 2016. This is attributed to the tax benefits offered to the large and small-scale companies to promote more contract research outsourcing activities. The large companies can claim 30% deducible from the income of their R&D expenditure. In case of small and medium sized enterprises, it is 225% for the R&D expenditure.
Asia Pacific is the fastest growing industry due to the reduced cost it offers in comparison to the U.S and other developed economies. Increasing incidence rate of chronic and lifestyle diseases such as heart disease and diabetes coupled with ease in patient recruitment and available expertise for the clinical trials are few drivers propelling growth of the Asian healthcare CRO market.
China and India are projected to witness tremendous growth in the contract research outsourcing market owing to their treatment naïve patient pool coupled with disease prevalence rate. Furthermore, genetically diverse population, highly qualified English-speaking investigators, well equipped hospitals are other opportunities offered by India for global clinical trials.
In July 2014, Catalent Pharma Solutions opened its oral formulation development lab in Japan. The laboratory, which opened in September, also expanded its CMO manufacturing capacity in the same lab.
CROs are in a process of continuously improving their portfolio by integrating services with technology. This enables them to save more on time and deliver efficient and desired results to the clients. In October 2015, PPD joined hand with Oracle to use its cloud technology named Oracle Siebel CTMS.
In addition to offering improved services, CROs are in the process of collaborating to promote their services at a global level. For instance, in May 2014, ClinDatrix, Inc. collaborated with six other CRO’s to offer services to multinational clinical trials. The collaboration will strengthen its presence globally apart from the U.S. and Canada.
Major contributors are Quintiles, Covance, Pharmaceutical Product Development, LLC (PPD), Parexel, Charles River Laboratories (CRL), ICON plc, inVentiv Health, Medidata Solutions, and Theorem Clinical Research. According to the US database of trials, Parexel, Quintiles and PPD are involved in large number of collaboration with the sponsors pertaining to clinical trials.
In April 2015, Pfizer selected PPD as its third most preferred CRO. PPD has assisted Pfizer in extending its global reach that is expected to advance Pfizer’s growing portfolio. Furthermore, in June 2015 Aeterna Zentaris selected Ergomed for phase III study to identify the efficacy of Macrelin, a novel orally active ghrelin agonist to evaluate AGHD.

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Athletic Footwear Market Growth: Rising Awareness Regarding Health Benefits

The global athletic footwear market size is expected to reach USD 95.14 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.1% during the forecast period. The market is estimated to witness considerable growth over the forecast period owing to growing global population, rising awareness regarding health benefits, and active participation in fitness activities and global sports events.

Major global sports events such as Olympics, ICC Cricket World Cup, National Basketball Association (NBA) league, FIFA World Cup, and The Championships, Wimbledon play an imperative role in fuelling demand for athletic footwear. It has been observed that the market witnessed a higher growth rate during the years when Olympics (both summer and winter) took place, that is during 2012, 2014, and 2016, owing to training and participation of aspiring as well as established athletes and sportspersons.

Athletic footwear is typically made up of three primary components, namely upper section, mid sole, and outsole. Major players, such as Adidas AG; Nike, Inc.; and Under Armour, Inc. are innovating upper section of shoes using the 3D printing technology.

The mid sole plays an important role as it is responsible for ensuring stability and providing cushioning to users. Prominent manufacturers have been focusing on enhancing the mid sole to ensure the comfort of athletes. For instance, Adidas AG adopted the Boost technology over the traditional Ethylene Vinyl Acetate (EVA)-based technology. The Boost technology is based on using capsules of Thermoplastic Polyurethane (TPU), an elastomer possessing high abrasion rate, high flexibility levels, and longer life as compared to conventional EVA.

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

Further key findings from the report suggest:

Running shoes are anticipated to register the highest shipments by 2025 at around 392 million units
The sports shoes segment was valued at around USD 18.3 billion in 2017 and is likely to post the highest CAGR during the forecast period
The kids segment is poised to exhibit the highest CAGR of 6.3% in terms of revenue during the forecast period
The North America region accounted for the largest revenue share in the market in 2017 and is projected to continue its dominance throughout the forecast period
The key players in the industry include Nike, Inc.; Adidas AG; Under Armour, Inc.; and Puma SE.

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Anastomosis Devices Market Growth, Industry Trends To 2025

The global anastomosis devices market size is projected to reach USD 24.84 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.2% during the forecast period. Rising prevalence of cardiovascular and gastrointestinal diseases is poised to propel the demand for anastomosis devices in the coming years.

According to WHO, 17.7 million people died from CVD in 2015, which represented 31.0% of all deaths in the world. It also states that 80% of these deaths are due to strokes and heart attacks. CHD/CAD (Coronary Heart/Artery Disease) is the most common type of heart disease and around 370,000 people die annually in the U.S. Surgery is crucial for the treatment of such life-threatening diseases, thereby increasing the adoption of anastomosis devices in these surgeries.

Lifestyle associated changes, medical procedures, and/or drug therapy can be effectively used to prevent or treat CAD in most people. Clearly, invasive cardiac surgery is not the first-line of treatment for patients, where less invasive options such as angioplasty and stenting are feasible. Nevertheless, for many patients with advanced or diffuse diseases, surgery remains the best option and anastomosis devices are widely used in such surgeries. Swelling demand for CABG, increasing geriatric population, reduced risk associated with surgery, and growing number of people who need re-operations after 10 to 12 years from their first bypass surgery.

Introduction of technologically advanced products with associated advantages such as less exposure to anesthesia, reduced operating time, reduced chances of blood leaks, and convenience are among factors likely to stoke growth of the market. Moreover, presence of favorable reimbursement structure in developed countries is estimated to bolster the growth of the market. For instance, Medicare policies in the U.S. offer reimbursement for CABG and colorectal surgery.

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

Further key findings from the study suggest:

Disposable anastomotic devices will continue to dominate the market until 2025, commanding just over 88.0% of the overall market. The growth of the segment can be attributed to wide product offering of various market players
Reusable anastomotic devices are anticipated to exhibit a CAGR of about 6.0% over the forecast period owing to increasing need to reduce biomedical waste
On the basis of application, cardiovascular surgery held the largest share of the market in 2016 owing to rising prevalence of CHD and increasing number of CABG procedures around the globe
North America was at the forefront in the global arena owing to presence of well-structured reimbursement policies, widening base of target population, and local presence of a large number of key players
Asia Pacific is expected to grow at a lucrative rate of 6.1% during the forecast period owing to growing geriatric population, rising incidence of CVD, rapid developments in the healthcare sector, and increasing disposable income
Key market players are engaged in various strategies such as distribution agreements to augment their market penetration. For instance, in February 2016, Maquet Medical Systems USA entered into a distribution agreement with BIOTRONIK to distribute the latter’s peripheral vascular devices in the U.S.

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Tuesday 29 May 2018

Global Intumescent Coatings Market Is Thriving Worldwide 2014 – 2025

The global intumescent coatings market is expected to reach USD 1.31 billion by 2025, according to a new report by Grand View Research, Inc. Increasing awareness regarding the use of fire retardants, primarily in commercial and industrial establishments is expected to emerge as the primary growth driver over the next nine years.

The industry is expected to grow on account of the use of passive fire protection for steel structures used in offshore and onshore extraction, purification and refining in the oil & gas industry. In addition, rising shale gas exploration coupled with oil & gas industry growth in Asia Pacific is expected to propel demand over the forecast period.

The industry is characterized by the presence of a large number of raw material suppliers leading to an increase in the switching ability of the manufacturers, translating into a high bargaining power. However, high price volatility of the raw materials such as epoxy resins is expected to restrain growth over the forecast period.

The global intumescent coatings market is subject to multiple regulations limiting the presence of volatile organic compounds (VOC) in the formulation. However, development of advanced products conforming to the regulations set by European Commission is expected to drive the demand for the next nine years.

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

Further key findings from the report suggest:

Epoxy based intumescent coatings are expected to account for over 42% of the global volume in 2015, driven by high demand from oil & gas industries on account of superior properties such as low weight and minimal thickness
The use of hydrocarbon intumescent coatings is expected to grow at a CAGR of over 4% from 2016 to 2025, driven by growing conformity of the product to the internationally accepted safety standards
The demand for the product in automotive industry is expected to grow at a CAGR of over 5% from 2016 to 2025, spurred by use of the product in high-temperature automotive engines coupled with rising sales of such automobiles across the globe
The market in North America was estimated at over 17% of the global volume in 2015, with rising exploration and extraction of shale gas and increasing use of the product for residential and industrial constructions emerging as the primary growth drivers
Majority of the players in the market are integrated across the value chain with prime emphasis laid on continuous raw material supply and expansion of the distribution network. In addition, high investments in R&D serves as a major distinguishing factor for the industry

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Global Polyimide Films Market is Growing At a Rapid Pace - Market Analysis and Forecast to 2025

The global polyimide films market is anticipated to reach USD 3.12 billion by 2025, according to a new report by Grand View Research, Inc. Revolutionary advancements in the aerospace and automobile industry with regards to high-end quality products is expected to drive the growth of this market.

The flexible printed circuit (FPC) emerged as the largest and fastest-growing application in the global polyimide films market. They are used in the manufacturing of flexible printed circuit board in ink-jet cartridges, printers & scanners, mobile phones, pagers, camcorders, and military & avionics systems.

Polyimide film has many applications in electronics, automotive, aerospace, and labeling & labels industry. Many new product launches have enabled consumers to pick their choice of product from a wide range of options. The widening of product distribution channels has made these products readily available to the consumer.

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

Further key findings from the report suggest:

The global polyimide films market was estimated at USD 1,492.3 million in 2016 and is projected to grow at a growth rate of 8.6% from 2017 to 2025
The flexible circuit board sector occupied the largest market share in 2016 on account of its widespread use in ink-jet cartridges, printers & scanners, mobile phones, pagers, camcorders, and military & avionics systems
FCB has many automotive applications ranging from dashboard to engine management, and ABS control systems
Wire & cables are used in various application where high tensile strength, solvent resistance, flammability and electrical resistivity is required
Electronics end-use segment is growing with the fastest growth rate owing to strong demand for consumer electronics and increase in electrical components in automobile
The aerospace segment accounted for 26.1% of the global revenue and is projected to witness the second highest CAGR over the forecast period
Growing disposable income and investment in innovative devices is anticipated to boost the demand in the electronics segment
Increasing investment from government & private institutions in the automotive and aerospace & defense industry is projected to contribute to the demand over the coming years
Key players include E. I. Du Pont De Nemours and Company, Saint-Gobain, Von Roll Holding AG, Kaneka Corporation and Arakawa Chemicals Industries
Research & development activities, new product launches, acquisition and mergers and technological collaborations are some of the strategic initiatives taken up by leading companies

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Industrial IoT Market Expand Their Businesses With New Investments

The global industrial IoT market is expected to reach USD 933.62 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand and adoption of cloud computing, coupled with the Scalability of IPv6-3.4X 10^38 IP address, are presumed to drive the market over the forecast period.

Businesses, across the globe, are seeking new operating models to create a connected enterprise for merging operational and information departments of the industry. This transformation is predicted to increase the overall productivity, enhance operational efficiency, improve visibility, and reduce the complexities of different processes in the industry.

The ability of IoT to reduce costs has been the prime factor for its adoption in the industrial sector. However, several significant investment incentives, such as increased productivity, process automation, and time-to-market, have also been boosting this adoption. The falling prices of sensors have reduced the overall cost associated with data collection and analytics.

An emerging trend among enterprises worldwide is the transformation of technical focus to improving connectivity in order to undertake data collection with the right security measures in place and with improved connections to the cloud. The emergence of low-power hardware devices, cloud integration, big data analytics, robotics & automation, and smart sensors are also driving IIoT market growth.

However, there are a few factors that are anticipated to limit the global IIoT growth. The major factors challenging the market growth are the lack of a defined protocol or standardization and use of old equipment. Security-related concerns, associated with big data, are also expected to limit the market growth.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/industrial-internet-of-things-iiot-market

Further key findings from the report suggest:

The global industrial IoT market size exceeded USD 100 billion in 2016 and is presumed to grow at a CAGR of over 25% from 2017 to 2025
Manufacturers are increasingly leveraging the benefits of IIoT solutions to enhance their analytics functionalities (through predictive maintenance), consolidate their control rooms, and track assets
The managed IIoT services segment is predicted to growth over the next eight years, as implementation of IoT technology requires integration of managed IIoT services at every layer of the IIoT ecosystem
The Asia Pacific regional market is anticipated to outgrow the North American market and emerge as the highest revenue-generating region, with China spearheading the growth, by the end of 2025
Large IT solutions & service providers are seeking IIoT platform, as a high-margin solution that generates a stable revenue stream via cloud-based revenue models

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Thin Film Battery Market is Opening up a Plethora of Opportunities During 2014 – 2025

The global thin film battery market is expected to reach USD 1.72 billion by 2025, according to a new report by Grand View Research, Inc. Rapid adoption of wearable technology in the society, along with technological advancement is further propelling the market growth.

Thin film battery has gained huge popularity due to its lightweight and small size characteristics and is expected to revolutionize the industry. Increasing demand for thin film battery to power compact devices coupled with improved safety is a major driving factor for the industry growth in the wearables and medical applications.

Below 1.5 V thin film batteries are generally used in low power applications such as smart cards, wireless micro-sensors, toys, RFID tags, and medical patches. Moreover, most of the manufacturers are integrating below 1.5 V thin film batteries for various applications. These properties are expected to have a positive impact on the industry.

The smart cards and medical segment are expected to collectively account for 28.7% of the global market share in 2025. Extensive R&D in the global battery industry on account of changing needs from various end-use industries has propelled the development of novel battery, which outperform conventional battery in terms of their performance and durability.

North America was the leading region due to rapid adoption of wearable technology by the people. The consumer is demanding electronics devices which are easy to carry around, which means it should be small in size and light in weight. The availability of a variety of thin film battery options and ability of customization is leading to the expansion of the overall market in this region.

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https://www.grandviewresearch.com/industry-analysis/thin-film-battery-market

Further key findings from the report suggest:

The market is expected to grow at a CAGR of 27.4% from 2017 to 2025 on account of increasing adoption of wearable technology around the world
Wearable devices will witness fastest growth in terms of revenue at a CAGR of 29.2% from 2017 to 2025 owing to extensive introduction of innovative players
Asia Pacific market is expected to witness significant development and was valued at USD 42.6 million in 2016 on account of growing electronics manufacturing industry
Key participants include Blue Spark Tech, BrightVolt, Enfucell Oy, ST Microelectronics, Cymbet, Imprint Energy, Ilika PLC, LG Chem, Jenax Inc. and others. These companies are focused on increasing their market share by introducing innovative products.

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Zika Virus Testing Market Holds Growth of $580.4 Million By 2027

The global zika virus testing market size is expected to reach USD 580.4 million by 2027, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.6% during the forecast period. Zika virus outbreak in 2016 contributed to the rise in response strategies and diagnostic surveillance activities. Widespread incidence of the disease in 2016 was mostly a result of travel-based viral transmission. The recently drawn correlation between Zika virus infection and microcephaly in newborns is further stoking growth of the market.

Spiraling demand for Zika Virus Testing stems from government-led preparedness programs and support from international organizations such as UNICEF. Stockpiling and emergency preparedness initiatives focus on endemic regions as well as immunologically naïve population subsets in the Asian and African markets, which hold high threat of future outbreaks. These developing regions, currently not classified as endemic, are host to temperature changes, humidity, and precipitation as well as reported vector presence that cumulatively provide a supportive habitat for the causative vector, Aedes aegypti mosquitoes.

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https://www.grandviewresearch.com/industry-analysis/zika-virus-testing-market

Further key findings from the report suggest:

NAAT and serological segments in the Zika Virus Testing market held nearly equal market share in 2016. However, the former was preferred for its cost effectiveness in analyzing high volume of tests during the epidemic
Serological tests are gaining preference as they can provide differential diagnosis and are performed to detect late-stage infections
In 2016, the U.S. states and territories dominated the market in terms of revenue. Increasing blood donation screening using individual donor NAAT tests to prevent transfusion-related disease transmission is one of key factors contributing to the market.
Latin America followed in terms of market share as it witnessed more than 50% of the globally recorded disease incidence in 2016. Brazil’s National Development Bank announced funding worth USD 136.6 million, which will drive disease surveillance activities with improved rapid tests to fight zika virus infection in the country
UNICEF awarded long-term arrangement contracts, effective until 2019, to Chembio Diagnostic Systems, Inc. and SD Biosensors, Inc. for the supply of ZIKV diagnostics
In 2016, Quest Diagnostics, Inc.; Roche; and Hologic were among the leading market players with FDA-approved diagnostics under emergency use authorization

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Monday 28 May 2018

All Things You Want To Know About Meat Processing Equipment Market

The global meat processing equipment market size is expected to reach USD 16.22 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.2% during the forecast period. Rising demand for processed meat products owing to changing eating habits is anticipated propel industry growth over the forecast period.

Increasing purchasing power of buyers owing to rising per capita income is expected to boost industry growth. In addition, factors such as growing number of slaughterhouses, improved packaging strategies, and introduction of a number of ready-to-eat meals are expected to benefit market growth.

Notable investments by companies in order to improve processing technology is presumed to increase equipment sales. Increasing focus of companies on developing technology to improve product safety and quality and increase productivity is also expected to boost demand for advanced processing equipment.

High demand for animal proteins owing to rising awareness regarding health benefits is expected to boost demand for such products, which in turn is expected to fuel growth. Manufacturers in the market generally manufacture standardized equipment due to usage of standard processing procedures for a particular type of meat and to gain desired output.

Manufacturers in the industry are involved in product distribution through direct sales to economies they are operating in. In addition, they operate in international markets either through manufacturing locations established by them or through third-party distribution channels.

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https://www.grandviewresearch.com/industry-analysis/meat-processing-equipment-market

Further key findings from the report suggest:

By product, slicing equipment is expected to register a CAGR of 6.2% from 2018 to 2025, owing to development of integrated machines that weigh, slice, and package meat through a single operation
By type of meat, pork processing equipment is estimated to be the fastest growing segment with a CAGR of 6.9% from 2018 to 2025, owing to increasing consumption of processed pork products, coupled with declining cost of the meat
The market in Asia Pacific is expected to reach a value of USD 4.21 billion by 2025 on account of growing population and increasing consumption of meat products in the region
The global industry is characterized by presence of large number of players with localized operations and additional distribution chains in order to cater to the demand across international markets.

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Profitable Advantages of investment in Wireless Health Market

The global wireless health market size is expected to reach USD 315.4 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 23.5% CAGR during the forecast period. Increase in number of eHealth initiatives worldwide, increase in penetration of smartphones and Internet connectivity, and growth in the trend of self-disease management are some of the factors boosting market growth. Growing trend toward use of wearable devices for monitoring physical parameters, such as sleep, blood pressure, heart rate, and physical activity, is also driving the wireless health market.

Growing geriatric population and subsequent rise in chronic disease burden is also driving the market. According to The Wall Street Journal, there has been an increase in usage of digital medicine, which enables management of chronic conditions such as diabetes, heart diseases, and respiratory diseases. Moreover, these digital medicines are cost-effective alternatives to traditional disease management.

Shifting trend toward value-based care is another factor contributing to the growth of the wireless health market. At present, some of the telehealth services, such as consulting a doctor via video connection, are reimbursed by CMS. Use of digital services such as various platforms for health management has promoted the development of various applications for managing diabetes, heart diseases, and asthma. Use of applications for chronic disease management, fitness tracking, supporting medication adherence, preventing hospital readmissions, symptom tracking, and managing mental and behavioral health are on the rise.

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https://www.grandviewresearch.com/industry-analysis/wireless-health-market

Further key findings from the report suggest:

Wireless Personal Area Network (WPAN) emerged as the largest technology segment and Wireless Wide Area Network (WWAN) is anticipated to witness the fastest growth over the coming years
Software emerged as the largest component segment owing to rise in number of research initiatives. The services segment, on the other hand, is anticipated to expand at the fastest CAGR of 24.7%
Patient-specific applications emerged as the largest segment owing to increase in adoption and rise in research initiatives for developing them to manage individual health
The patient segment accounted for the largest revenue share in terms of end use owing to increase in use of health and fitness applications by people around the world
The market is highly fragmented with participants such as IBM; Allscripts; Cerner Corporation; Omron Corporation; Koninklijke Philips N.V.; Epic Systems Corporation; and Evolent Health, Inc.

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Automotive Lubricants Market Expand Their Businesses With New Investments

The global automotive lubricants market is expected to reach USD 87.1 billion by 2025, according to a new report by Grand View Research, Inc. High engine oil demand in passenger cars, diesel trucks, and light-duty trucks is expected to drive global automotive lubricants industry growth over the forecast period.

Rise in middle class, urbanization, and growing disposable income in developing countries have led to greater passenger car sales. On a parallel level, economic growth in these regions has promoted trade, leading to the growth of transportation sector. These factors combined have led to increased lubricants consumption.

Engine oil segment is the largest contributor to automotive lubricants market which was around USD 34 billion in 2016. Engine oil is widely used in passenger cars, diesel trucks, and light-duty trucks. They help to maintain the viscosity, ensure dependability and reduce engine wear. Increasing drain intervals and formulation of high performance oils to impact their consumption, thereby growth.

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

Further key findings from the report suggest:

•The global automotive lubricants market size was worth USD 57.2 billion in 2014 and is expected to grow at a CAGR of 3.7% from 2017 to 2025

•Brake fluids accounted for over 12% of the overall volume in 2016, with the segment expected to be the fastest growing from 2017 to 2025

•Bio-based lubricants are gaining acceptance due to their bio-based origin coupled with stable raw material prices and availability. Favorable government regulations for the usage of bio-based materials are further expected to influence the global industry growth positively

•Asia Pacific is the largest consumer with the region characterized by high passenger car sales and a rapidly developing aftermarket. The region is expected to grow at a CAGR of 3.5% from 2017 to 2025

•The U.S. is a highly matured region for the industry with its dynamics influenced by high level of product innovation, concentration of global majors, and a well-established regulatory framework

•Grease is projected to register the highest price growth whereas coolants will witness slowest price growth during the forecast period. Availability of advanced coolants and standard production process are helping the prices to be maintained through the forecast period

•Major industry participants include ExxonMobil, Royal Dutch Shell, Total SA and British Petroleum among others

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4D Printing Market is Growing at CAGR of 33.2% By 2025

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

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

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

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

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

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/4d-printing-market

Further key findings from the report suggest:

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

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U.S. Hot Drinks Market: Increased Usage Of Healthy Beverages

The U.S. hot drinks market size is expected to reach USD 21,600.4 million by 2025, according to a new report by Grand View Research, Inc. The industry is anticipated to grow, primarily on account of the increased usage of healthy beverages supporting the dietary requirements of the growing population of the country.

The consumers in the economy lay higher emphasis on the sourcing of the product. In addition, the overall quality is generally determined by the consumers through the certifications associated with the product. The industry is characterized by the presence of a notable regulatory framework with regulations related to processing, roasting, packaging, and transportation of the product.

The consumers are inclined towards the use of tea on account of the recognition of healthy properties exhibited by tea as compared to CSDs. The industry in the country is expected to register prominent gains driven by high consumption volume of the such beverages by the growing millennials population in the country.

There is an upsurge in the consumption of coffee beverages in the economy. owing to the growing gourmet culture exhibited in the industry as well as on account of major expansions undertaken by the leaders in the industry. The escalating demand of hot coffee is attributed to the increasing demand of coffee pods in the mature coffee industry in the economy

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https://www.grandviewresearch.com/industry-analysis/us-hot-drinks-market

Further key findings from the report suggest:

U.S. brewed tea industry segment is expected to be the fastest-growing segment, in terms of revenue, registering a CAGR of 4.1% from 2018 to 2025 owing to the superior health benefits offered by the product as compared to other cold brewed and carbonated beverages.
The brewed coffee segment is expected to be the largest in the economy with a value of USD 14,241.1 million in 2017, on account of the presence of a large number of industries offering varieties of coffee products available in the country
The fastest growing tea segment is anticipated to be fruit/herbal tea with a CAGR of 6.1%, in terms of revenue from 2018 to 2025, on account of growing awareness among the consumers regarding the ill effects of other beverages as compared to herbal tea
Key companies in the industry are involved in the production in accordance with the requirements listed by the commercial and non-commercial consumers. The companies involved in the product manufacture operate across the country through extensive distribution networks

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U.S. fruit & Vegetables Market – Global Analysis and Forecast 2014 – 2025

The U.S. fruit and vegetable market is expected to reach USD 1,117.3 billion by 2025, according to a report by Grand View Research, Inc. increasing health awareness among the U.S population, apparent benefits of secondary diseases due to obesity and faulty eating habits is propelling the market to grow further.

High trending of exotic fruits products along with the inclination of people towards vegan diet is helping the market to grow. Company initiatives and products online availability is adding to the market volume and revenue.

The soaring number of all age groups in the U.S. thronging for the fresh products after the removal of genetically modified fruits and vegetables into the market. Another initiative by government to allow import of these fruits and vegetables from countries such as China, India also adding to the major portion of the U.S. market

The U.S. consist some of the top most producers of fresh fruits and vegetables along with many food processing end use industries. Big players include Dole Food Company, Inc., Fresh Del Monte Produce, Inc., Sunkist Growers, Inc., Nestle S.A., Chiquita Brands International, Inc. technology to reduce emissions and generate power for company operations.

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https://www.grandviewresearch.com/industry-analysis/us-fruit-vegetables-market

Further key findings from the report suggest:

The U.S. fruit & vegetable market demand is expected to exceed 243.2 million tons by 2025, at a predicted CAGR of 13.7% from 2017 to 2025
The frozen fruit & vegetables market is expected to dominate the volume in terms of million tons, whereas fresh fruits and vegetables product segment is expected to have the highest growth rate both in terms of revenue and volume.
The supermarkets & hypermarkets segment is expected to dominate the fruit and vegetable market of the U.S., whereas online distribution segment is expected to gain popularity in the U.S. and anticipated to have the fastest CAGR during the forecast period.
Growing health awareness among the population regarding obesity and benefits of fruits and vegetables is fueling the market for growth in the country.
Increasing vegan population and market player strategy to target major non-vegetarian population into consuming more fruits and vegetables is gaining momentum in the country.

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U.S. Packaged Food Market Scaled To Reach $1,197.8 Billion By 2025

The U.S. packaged food market is expected to reach USD 1,197.8 billion by 2025, according to a new report by Grand View Research, Inc. Globally rising consumption of convenience food products has been a key factor boosting the market growth. In addition, growing disposable income, coupled with busy work schedules are some other driving forces for the packaged food industry.

The rise in the population of working professionals and their busier lifestyles has led to the growing need to cater the changing consumption patterns of masses. This has propelled the sales of packaged and canned food items not only in the developed countries but also in the developing nations such as India.

The upsurge in the number of supermarkets, malls, and one-stop grocery stores coming up is also one of the major factors contributing the sales of frozen and convenience food items. These frozen products are easy to cook, which makes the consumers spend more time with their family.

Canned products are sealed in airtight containers with some chemical or heat treatment process, thus being a beneficial method for preserving food such as meat, vegetables, fruit, fish, fruit salad, sauces, and meat & vegetable condensed soup, etc.

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

Further key findings from the report suggest:

The U.S. generated a revenue of USD 735.5 billion in 2016 and is expected to grow at a CAGR of 4.5% from 2017 to 2025
Beverages emerged as the largest product segment in 2016 and is estimated to generate revenue over USD 509.1 billion by 2025
R.T.E meals is anticipated to witness the highest growth rate of 5.3% over the next few years, thus reaching a value of USD 113.9 billion by 2025
The growing number of food products such cereals, beverages, dairy products and snacks being exported coupled with the diversified consumer base spread across regions has given impetus to the use of packaging for food preservation
The U.S. accounted for a major market share of more than 73% during 2016, and is likely to maintain it throughout the forecast period
Major players include Coca-Cola Co., Nestlé S.A., The Kellogg Company, Conagra Foods Inc., General Mills Inc., etc.

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Friday 25 May 2018

Electric Scooters Market Expand Their Businesses With New Investments

The global electric scooters market is expected to reach USD 38.57 billion by 2024, according to a new report by Grand View Research, Inc. As the automotive industry is growing, the uncertainty over the adoption of electric scooters is gaining importance as manufacturers are developing strategies to realize the full potential of the evolving electric two-wheeler industry. The introduction of home charging solutions and product related innovations are expected to boost the electric scooters revenue in the next eight years.

The role electric scooters are portraying in meeting the standards for zero emissions are enabling vendor to undertake a pragmatic step in reducing the emission gap by 2020. The consumption of electricity in these vehicles can be managed with proper planning by utilities, which is further mitigated by evolving technologies such as solar-powered vehicles and vehicle-to-grid.

The key players are focusing on innovations to expand their reach. For instance, Gogoro, Inc. is offering its customers battery-swapping network to offset the cost of purchasing an electric scooter. Moreover, the charging equipment manufacturers are collaborating with researchers and automakers to develop strategies that facilitate scooters’ access to clean energy from renewable sources. Automakers such as Yamaha Motor Corporation and Honda Motor Company are expected to enter into an alliance for electric scooters in the Japanese market inspite of growing compliances and emission regulations.

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

Further key findings from the report suggest:

The folding scooters are expected to grow at a CAGR of over 14.5% from 2016 to 2024.The advent of the next-generation smart scooter technology and the need for product differentiation have propelled the demand for folding scooters.
The NiMH batteries are anticipated to grow significantly at a CAGR of over 12% from 2016 to 2024.Investment in R&D to improve the battery technology in order to decrease its production cost by USD 150 per kilowatt per hour and increase its energy density is expected to contribute to the growing demand.
The North America electric scooters market is expected to be the fastest-growing regionowing to increased prominence in the U.S. Rising investment in charging grids and infrastructures & research support for innovative battery models is also anticipated to contribute to the overall regional demand.
The key players in the electric scooters market include Vmoto Limited, Mahindra GenZe, Gogoro Inc. and Terra Motors Corporation. Manufacturers are investing heavily in R&D to improve the charging time and range of these vehicles. Some of the major manufactures such as Vmoto Limited have announced market expansion into the electric three-wheeled and four-wheeled vehicle ecosystem.

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Thursday 24 May 2018

Carbon Thermoplastic Composites Market Holds Growth of $7.74 Billion By 2025

The global carbon fiber reinforced thermoplastic (CFRTP) composites market is projected to reach USD 7.74 billion by 2025, as per a new report by Grand View Research, Inc. The demand for lightweight materials in automobile production, so as to reduce the overall fuel consumption is splurging the carbon thermoplastic market demand globally.

Many developed countries such as the United States, Japan, Germany, etc. have a high concentration of automobile, aerospace and defense equipment manufacturing companies and so is the consumption of carbon thermoplastics composites in these regions.

North America is anticipated to be the largest market for the product on account of the presence of major aircraft manufacturing giants like Boeing and many other top notch automobile manufacturers. Europe is expected to witness the highest growth over the forecast period. The presence of key automotive manufacturers such as BMW, Volkswagen, Mercedes, Fiat, etc. which emphasizing on building low-weight, fuel efficient, low emission, environment-friendly cars, has led to the increased consumption of CFRTP composites in the Europe.

The market is growing and is composed of several large players. However, product cost is a major challenge faced by these companies. Key market participants have adopted strategies such as agreements, joint ventures, partnerships, and alliances so as to sustain the growing market competition.

To request a sample copy or view summary of this report:
https://www.grandviewresearch.com/industry-analysis/carbon-fiber-reinforced-thermoplastic-cfrtp-composites-market

Further key findings from the study suggest:

Europe is expected to gain the largest market share in terms of revenue by 2025, followed by North America
North America CFRTP demand from the automotive segment is expected to grow at highest estimated CAGR of 14.4% from 2016 to 2025
The region is characterized by fast-paced growth of the automobile and construction industries
The aerospace & defense application segment holds the largest market share and in terms of revenue, is expected to grow at CAGR of 11.5% over the forecast period
Increased use of carbon thermoplastics over metals such as steel and aluminum in lightweight aircraft building has led to the growth of the application segment
Polyacrylonitrile (PAN) is projected to grow at the highest CAGR owing to its superior properties and extensively existing capacities
The petroleum pitch segment is projected to grow at a CAGR of 8.8% by volume during the forecast period.
Key companies in this market include Toray Industries, Inc., SGL Group, Hexcel Corporation, Teijin Limited, Mitsubishi Rayon Co., Ltd., BASF SE, etc.

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