Market Forecast News: July 2018

Tuesday 31 July 2018

Know about the Future of Transfection Reagent & Equipment Market and what makes it a Booming industry

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.

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

Industry Outlook of Global Medical Coding Market Analysis and Foresight Report to 2025

The global medical coding market size is expected to reach USD 25.4 billion by 2025, according to a new report by Grand View Research, Inc., registering a 10.0% CAGR during the forecast period. Rising need for a universal language to reduce frauds and misinterpretations associated with insurance claims is driving market growth.

Presently, medical coding is in its initial phase with frequent introduction of advanced versions of classification systems. In addition, number of coders is constantly rising as a result of career opportunities in this field. Escalating demand for coding services, coupled with the aforementioned factors, is driving market growth.

Constant revisions in classification systems and its global acceptance is expected to result in lucrative growth during the forecast years. Rising demand for world-class healthcare services in developing regions is also anticipated to boost adoption of medical coding procedures.

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

Further key findings from the report suggest:

The number of professional coders is expected to rise significantly during the forecast period, boosting the number of companies providing platforms for medical coding professionals
North America is expected to dominate the market throughout the forecast period. High demand for specialist coders and presence of a favorable healthcare system are key factors anticipated to drive market growth
Asia Pacific is anticipated to exhibit lucrative growth during the forecast period. Increasing number of trained coders and provider companies is anticipated to fuel market growth in the region
The market is highly fragmented with presence of many local providers offering a wide array of services
Some of the major companies are Oracle Corporation; STARTEK Health, Aviacode, Inc.; Verisk Analytics; Maxim Health Information Services; Parexel International Corporation; Medical Record Associates LLC; and Precyse Solutions, LLC.

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Latest Trending Research Study on Enzymes Market Analysis 2013 – 2024

According to a report by Grand View Research, Inc.; the global enzymes market is predicted to value USD 17.50 billion by 2024. Growing necessity for quality food among consumers and pharmaceutical formulations to cure chronic diseases can stimulate demand for enzymes. Being present in all living things, enzymes can target and expedite chemical reactions by a million times. They are helpful in metabolic processes, digestion, and removal of waste in humans and animals.

Rising applications of enzymes in food and beverage products to eradicate deficiencies and improve quality can stimulate market growth in the coming years. Supportive government policies to produce biodiesel and bioethanol are likely to fuel demand for enzymes. Growing adoption of processed food owing to increase in population can stimulate market growth over the forecast period (2013 to 2024). Continuous forensic and biological research on enzymes is projected to propel the market in near future.

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

For instance, a new filtration system based on natural enzymes can remove harmful chemicals from wastewater. Endocrine disruptors are chemicals, which can interfere with hormone system in human beings and wildlife to produce adverse effects. Such chemicals originate from plants and chemicals synthesized from household and industrial products such as flame retardants and pesticides. Long-term exposure to these chemicals can lead to cancer and birth defects. This new system is likely to use enzymes from microbes and fungi to react with endocrine disruptors and break them into harmless pieces.

Limitation of carbohydrases to work under controlled temperature and pH is anticipated to hinder growth of the enzymes market. In addition, uncertain regulations against use of enzymes as additives can obstruct market growth in the coming years. Propelling inexpensive DNA sequencing technology coupled with developing protein design algorithms can create worthwhile opportunities for multiple end-use industries over the forecast period.

The worldwide enzymes market can be segregated on the basis of type, product, application, and regions. Based on type, the market can be segmented into industrial and specialty enzymes. Based on product, the market can be divided into proteases, carbohydrases, lipases, polymerases & nucleases, and others. Based on application, the market can be split into animal feed, textile, food & beverages, detergents, nutraceutical, personal care & cosmetics, paper & pulp, and wastewater.

Regional segmentation includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, the market is expected to grow in the next few years owing to rising food & beverage industry and high disposable income. In addition, penetration of retail business coupled with development of genetically engineered products can propel demand for enzymes in the region.

In Europe, the enzymes market is predicted to display profitable growth in the coming years owing to increasing production of biofuel in the region. In 2015, it was the second largest market with a valuation of USD 2.16 billion. In addition, rising demand for cattle feed and its hybrid variants can propel market growth in the region.

In Asia Pacific, the market is anticipated to witness substantial growth at a CAGR of 10.5% in the next few years. This expansion can be attributed to rise in food & beverage and pharmaceutical sectors in the region. In addition, supportive government initiatives like “Make in India” and Foreign Direct Investment (FDI) can further impel market growth.

In Latin America, the market is estimated to grow owing to high demand for processed food, bakery, and confectionery in the region. In addition, huge untapped consumer base can impel market growth in the next few years.

In MEA, the market is predicted to grow at slow pace owing to constant warfare in the region. However, investment of large organizations in the region can bode well for the market. Backwardness in healthcare sector can impel market growth in this region.

Some of the prominent companies operating in the market for enzymes are Danisco, DuPont Genencor,DSM, Novozymes, and BASF.

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Latest Trending Research Study on Chocolate Confectionary Market Analysis 2014 – 2025

The global chocolate confectionary market is anticipated to reach USD 154.5 billion by 2025, according to a new report by Grand View Research, Inc. Recent approvals of factor concentrate by regulatory bodies, favorable government initiatives and mandates, and rising adoption of prophylaxis treatment are the key factors that are driving the market growth.

The Chocolate Confectionary market growth is anticipated to increase due to favorable impact of advertising. Chocolate confectionery manufacturing companies conduct several marketing & promotional activities to increase the outreach of their products amongst their targeted end user segments. In addition, appealing packaging of products, innovative branding activities and promotional events increase the demand for chocolates amongst consumers. Gift packages with chocolates, products targeting holiday and festival seasons, “healthy snack sized” products are very popular amongst parents and children who constitute a major end user segment. Moreover, marketing strategies targeting kids is gaining momentum in this market. For instance, Ferrero India has initiated several marketing activities to promote the sales of its Kinder Joy chocolates.

The company has focussed on branding the products keeping kids as the target audience. The company has introduced the kinder toys within the chocolates and strategies such as blue chocolates and pink chocolates aimed at boys and girls respectively. In addition, the company also has conducted several marketing events. For instance, in the 2016, the company initiated an innovative platform for storytelling, namely ‘The Kinder Joy story station’ to increase brand engagement. This platform resulted in the company receiving over 2.2 million calls in three months. Such advertising and marketing strategies are bound to increase the demand for chocolate confectionery products over the forecast period.

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

Further Key Findings From the Study Suggest:

Countlines market accounted for the largest share in 2016. Countlines are patronized by the modem eat-on-the-move, modem snacking consumer with informal eating patterns.
Dark chocolate is likely to witness the fastest growth over the forecast period as it is considered a healthier option with lower calories as compared to milk and white chocolates.
Asia Pacific is anticipated to witness substantial growth over the forecast period, owing to large population base and rising disposable income in the region. In addition, several large international players are setting up local manufacturing, production & storage facilities in varied countries in this region such as India and China.
Major players of the market include, Mars, Inc., Mondelēz International, Inc., Nestlé S.A., the Ferrero Group, and The Hershey Company.

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Crop Protection Chemicals Market Scale Worth $90.09 Billion By 2022

The global crop protection chemicals market is expected to reach USD 90.09 billion by 2022, according to a new report by Grand View Research, Inc. Rapid population growth, which demands high food production coupled with rising awareness regarding food safety is expected to drive demand for crop protection chemicals.

The industry is highly competitive owing to the presence of numerous manufacturers spread across the globe. The manufacturers are expected to undergo mergers and acquisitions in order to strengthen their business and widen consumer base. Strong foothold of existing manufacturers such as Bayer AG, Dow AgroSciences, Syngenta and BASF in the market is expected to obstruct the growth of new players.

The industry players are expected to shift their focus to produce bio-based chemicals, in order to meet the rising consumer demand for environmentally friendly products. Increasing stringent regulations on the existing hazardous synthetic crop protection chemicals by government bodies such as EPA and OSHA is expected to hamper industry growth over the projected period.

High investments by major players to manufacture crop specific green protection chemicals with low cost is expected to impact the industry positively. The industry has numerous distributors and suppliers which reach the consumers from remote locations, which is likely to boost industry growth.

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

Further key findings from the report suggest:

Insecticides accounted for 37.6% of the global crop protection chemicals market in 2016 owing to their low cost and superior effectiveness against targeted insects on crops
The demand for fungicides is expected to grow at a CAGR of 6.8% over the projected period owing to its ease of application and ability to improve storage quality of harvested crops and fruits
Cotton was the largest application segment for the industry in 2016 and is expected to grow at a CAGR of 8.4%, which is driven by high demand from textile and medical industry
North America was the leading market for crop protection chemicals in 2016, with the revenue of USD 18.52 billion, which was attributed to early product adoption and high spending capacity of the farmers in the region
The Asia Pacific is likely to witness the highest growth, owing to increasing investments by the farmers in India and China to increase crop yield and improve quality of agricultural products in order to meet the rising demand
The major players in the industry are expected to venture into local markets of the developing economies by acquiring the small-scale companies in order to strengthen company roots in the high potential markets

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

Prebiotics Market Trends: Growing Demand For Fiber Rich Food Products

The global prebiotics market is expected to reach USD 7.11 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for fiber rich food products is expected to drive the market.

Rising investment in the food & beverage industry for innovation and development of new food products enriched with prebiotics coupled with rising demand in dietary supplements application particularly in infant foods is expected to propel market growth over the forecast period. In addition, rising use of prebiotics in animal feed is expected to drive the demand. Growing emphasis on improving overall health is also expected to fuel product demand over the next eight years.

Emergence of prebiotics as an alternate to antibiotics is expected to fuel demand in animal feed applications. Increasing dairy production is expected to have a positive impact on market over the next eight years.

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

Further key findings from the report suggest:

Inulin accounted for over 40.0% of the global prebiotics market in 2015 in terms of revenue. Rising health benefits coupled with easier availability from natural sources including banana, garlic is expected to drive the market demand. Inulin is also widely used to treat diabetes owing to its increased antioxidant activity thus propelling demand.
Galacto-oligosaccharides (GOS) accounted for a significant share owing to growing use in dietary supplements. GOS have several health benefits including improving bone mineralization by improving calcium absorption, preventing colon cancer, stimulating bifidobacteria growth and substituting human milk oligosaccharides. These health benefits are expected to drive the market demand.
North America demand for prebiotics was valued over USD 280.0 million in 2015. Rising demand for prebiotics enriched food products among consumers in the region to improve their digestive health is expected to drive the market demand. Prebiotic dietary supplements are expected to witness significant growth owing to rising focus on preventive healthcare.
Dietary supplements application is expected to grow at a fastest CAGR on account of increasing consumption in Europe and North America owing to rising health consciousness among consumers and growing importance of prebiotics in weight management in the region. Growing innovation in the field of prebiotic rich protein/fiber supplements is expected to propel growth over the forecast period.
Global prebiotics industry was highly fragmented on account of presence of numerous players. FrieslandCampina Domo, Paramus, NJ, was a key market player in 2015. The company product portfolio includes functional peptides and hydrolysates, bioactive proteins and galacto-oligosaccharides for use in nutraceutical products. Friesland markets its prebiotics under the brand name, Vivinal GOS intended for fruit juices and milk products.

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Respiratory Protective Equipment Market to Maintain a Healthy CAGR in Coming Years

The global respiratory protective equipment market is expected to reach USD 8.53 billion by 2022, according to a new report by Grand View Research, Inc. Rising awareness towards employee health & safety along with increasing respiratory diseases is anticipated to drive industry growth over the forecast period.

Established safety standards by regulatory agencies including Occupational Safety and Health Administration (OSHA) particularly in Europe and North America have also contributed towards industry growth. Stringent regulations for threshold levels have been set by Centre for Disease Control and Prevention (CDC) and World Health Organization (WHO) for employees in healthcare sectors worldwide.

Supplied air respirator is expected to be the fastest growing product segment, at an estimated CAGR of 8.1% from 2015 to 2022. Supplied air respirator is worn when negative pressure and powered air-purifying respirators do not provide adequate protection.

Self contained breathing apparatus (SCBA) accounted for over 40% of the total revenue share of the supplied air respirators and is expected to witness the fastest growth over the next seven years owing to increasing penetration in chemical/petrochemical, mining and sub-sea oil & gas industries.

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

Further key findings from the report suggest:

Global respiratory protective equipment market was USD 4,822.4 million in 2014 and is expected to reach USD 8,538.4 million by 2022, growing at a CAGR of 7.5% from 2015 to 2022.
Air-purifying respirator emerged as a leading product segment and accounted for over 50% of total market revenue in 2014. Growing construction and pharmaceutical industry particularly in Asia Pacific region is anticipated to drive product demand over the forecast period.
Industrial was the largest end-use segment and is expected to grow at a CAGR of 7.7% from 2015 to 2022. Growing automotive and metal fabrication industries in emerging economies such as India, China, and Brazil is anticipated to raise product demand over the forecast period.
North America emerged as the leading regional market with demand share exceeding 35% in 2014. Stringent occupational health & safety norms coupled with growing oil & gas, chemicals and manufacturing industry particularly in the U.S. and Canada is expected to drive the regional growth.
Asia Pacific is expected to witness the fastest growth of 8.2% from 2015 to 2022. High growth in the region may be attributed to rapid industrialization in economies such as India, Vietnam, China, Thailand, and Malaysia.
Key players operating in global industry include Delta Plus, 3M Co., Bulwark Protective Apparel Uvex Safety Group, DuPont, Alpha Pro Tech, MSA Safety, Ansell Ltd. and Kimberley-Clark.

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Monday 30 July 2018

Demand for Extraction Equipment Increased In Recent Years Drives Market for Mining Chemicals

The global mining chemicals market size is projected to reach at USD 38.01 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.4% during the forecast period. Increasing mining activities in various regions are likely to drive the market over the forecast period.

Raw material supply is a crucial part of the mining industry. Raw materials used in the production of mining chemicals are hazardous and are, therefore, delivered in ISO standard containers only. This results in an increase in the raw material prices, which in turn is expected to affect final product price.

Increase in demand for minerals with high purity is poised to be one of the key factors augmenting the market. Degradation of the quality of ore has boosted the reliance on effective and efficient methods. Solvent extraction technology is one of the key technologies used for effective and efficient extraction.

Regulations regarding recycling of wastewater are anticipated to increase waste water treatment activities across the globe. These regulations are compelling industries to decrease the water waste discharge, which is expected to increase the utilization of mining chemicals over the forecast period. The U.S. government has framed regulations such as National Environmental Policy Act and Clean Water Act to restrict the discharge of toxic substances in water and promotion of water treatment systems.

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

Further Key Findings from the Report Suggest:

Frothers are estimated to register a CAGR of 6.0% from 2016 to 2024 owning to surging demand for better quality of minerals
Flocculants are expected to post a CAGR of 6.5% during the forecast period. Water recycled through flocculants reduces the operating and equipment maintenance cost, which in turn is estimated to fuel demand for flocculants over the same period.
The mineral processing application segment is projected to expand at a CAGR of 6.2% over the forecast period owning to increasing demand for minerals
Asia Pacific is likely to exhibit a CAGR of 7.2% during the same period due to growing mining activities in China
China dominated the Asia Pacific region with a share of 83.9% in the market in 2015. China is one of the largest producers of the coal, gold, and rare earth metals.

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Intensifying Business Opportunities in Body Fat Measurement Market

The global body fat measurement market size is expected to reach USD 640.3 million by 2020, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 8.4% during the forecast period. Growing prevalence of obesity and other metabolism related disorders and introduction of more accurate and cost effective medical devices and procedures in this field are among the key trends stoking market growth. Apart from these trends, rising awareness for body weight management and availability of more accurate testing devices are also likely to work in favor of the market. Increasing efforts by players to consolidate their position in the market are also playing an important role in the development of the market.

Some of the commonly used products for body fat measurement are BIA, DEXA, ADP, HwD and skinfold caliper. Bio-impedance analyzers are poised to witness strong demand in the market throughout the forecast period, owing to their cost effectiveness and considerable accuracy associated with products.

Some high accuracy offering products such as air displacement plethysmography and hydrostatic weighing are projected to witness an upswing in the demand during the forecast period, majorly owing to declining prices. Some of the major market participants include Tanita Corp., Omron HCB, AccuFitness, GE Healthcare, COSMED S.r.l., Hologic Inc., Inbody Co. Ltd. and Beurer GmbH.

Development of innovative devices for the market along with regulatory approval in regions such as North America and Europe is expected to boost the growth of the market during the forecast period. Due to increasing expenditure in development of healthcare facilities in emerging economies such as India and China, it is anticipated that Asia Pacific will witness the fastest growth in the market throughout the forecast period.

Increasing awareness about body weight, metabolism, and health/fitness training is also projected to fuel the demand for body fat measurement devices in the coming years. With an increasing number of people taking up sports, athletics, and body training activities, rising number of health clubs and gym facilities is acquiring body fat measurement equipment. Deployment of these devices and equipment in the body training and healthcare sector is likely witness an upsurge over the coming years.

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

Further key findings from the study suggest:

Bioimpedance analyzers ware the leading revenue contributing product segment in the market as they optimally combine two major parameters for body fat measurement, which are accuracy and price
The prominence of North America in the global arena can be attributed to a wide base of population suffering from diabetes and other metabolism related disorders
Asia Pacific is expected to be a promising destination for global players, owing to increasing health consciousness among the populace in emerging countries such as India and China
Some of the key players in the body fat measurement market are Beurer GmbH; Jawon Medical Co. Ltd.; Omron Global Healthcare Business; Tanita Corporation; Inbody Co. Ltd.; GE Healthcare; L’Accessorio Nucleare S.r.l.; The Diagnostic Medical Systems (DMS) Group; Hologic Inc.; COSMED S.r.l.; Exertech and AccuFitness LLC.

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Rodenticides Market Is Growing At a Rapid Pace - Market Analysis and Forecast to 2025

The global rodenticides market size is anticipated to reach USD 993.4 million by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 3.3% during the forecast period. Increased prevalence of rodent-related diseases and rising demand for rodent control are likely to be major factors driving market growth.

Increasing urbanization, coupled with demand to maintain high hygiene standards in the business, public, and residential sectors, is expected to augment demand. Over 54.0% of the world’s total population resides in urban areas, which is likely to register an increase of 66.0% by 2025, according to the United Nations (UN). Increasing population and rising consciousness regarding healthy environment are likely to augment demand for rodenticides over the coming years.

Stringent government policies regarding active ingredients used in production of rodenticides is predicted to be a major limiting factor over the forecast period. For instance, in Canada, only zinc phosphide and strychnine are registered for use as rodenticides. Natural rodenticides use non-toxic and food grade ingredients approved by the EPA.

Rodenticide manufacturers are continuously engaged in research and development of active ingredients for production of superior quality products that provide higher efficiency. Companies lay high emphasis on increasing their regional presence in order to tap unexplored markets.

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

Further key findings from the report suggest:

By product, the non-anticoagulant segment is likely to register the highest CAGR of 4.0% from 2017 to 2025 due to higher efficiency in destroying rodents in comparison to anticoagulants
The powder and spray mode of application is expected to register a sluggish CAGR of 2.5% from 2017 to 2025. Use of such modes spreads particles into the air when used in ventilation, which, in turn, could harm pets and humans
By end use, the agriculture segment is projected to register a CAGR of 3.9% from 2017 to 2025. Increase in damage to grains, farm equipment, and crop by rodents is likely to drive segment growth over the forecast period
Demand for rodenticides in China is anticipated to signify a CAGR of 6.6% over the coming years. Acute rodenticides have been used in the country for many years and play a vital role in controlling rodent population
Central and South America is estimated to register a CAGR of 3.7% from 2017 to 2025. Rising rodent population in the region is a limiting factor for development or introduction of some crops, which is likely to propel demand for rodent control products in the coming years
Manufacturers are engaged in various acquisitions and new product developments to gain prominence in the market. For instance, Rentokil Initial plc acquired Vector Disease Acquisition, LLC in November 2017 to expand its presence in North America.

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Global In-vitro Toxicology Testing Market Is Thriving Worldwide 2014 - 2025

The global in-vitro toxicology testing market size is expected to reach USD 26.98 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 11.4% during the forecast period. Technological advancements in computational biology along with introduction of novel efficient algorithms help in conduct of efficient stimulation of in-silico animal models. This, in turn, has significantly curtailed the need for animal models for clinical studies, thereby providing a fillip to the market.

Furthermore, scientists are increasingly engaging in enhancing the efficiency of databases that are designed to catalog vast information for toxicity profiling. This, in turn, is anticipated to create ample growth opportunities for the market during the forecast period.

Growing inclination of government toward non-animal test and consequent establishment of guidelines on the use of alternative test assays for pre-clinical research and toxicology testing is expected to bolster the adoption of in-vitro toxicological tests.

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

Further key findings from the report suggest:

The pharmaceutical and cosmetic industries represented considerable cumulative share in 2016. As toxicological testing is the pre-requisite step in the development of any pharmaceutics as well as cosmetic products, these segment held the largest share
Cell culture technology is estimated to be the largest segment in terms of revenue owing to integral role of cell culture in clinical studies
Omics technology is anticipated to exhibit the highest CAGR during the forecast period. Rising awareness regarding the merits of the technology such as high accurate and rapid toxicology assessments is supplementing the growth of the segment
On the basis of application, cellular assays held the leading share in the market owing to constant development in cell culture techniques
North America dominated the market in 2016. On the other hand, Asia pacific is expected to register a noteworthy CAGR during the forecast period
Rapid advancements in health care infrastructure coupled with improving economic conditions in Asian countries are expected to drive the market in APAC
Some of the key participants in the market are Abbott; Bio-Rad Laboratories; and Thermo Fisher Scientific, Inc. These participants are engaged in collaborations with clinical research organizations and pharmaceutical industry.

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

The global metalworking fluids market is expected to touch a valuation of USD 11.99 billion by 2022, finds a report by Grand View Research, Inc. Metalworking fluids (MWF) are coolants or lubricants that enhance the performance of metalworking processes such as stamping. Types of MWF are aerosols, oil-water emulsions, pastes, gels, and others. They are mostly derived from plant oils and animal fats. Benefits of these fluids are enhancing the life of the cutting tip, prevent corrosion, and ensure the safety of workers using metalworking machines.

The MWF market is expected to expand at a 3.5% CAGR from 2015 to 2022 due to high use of these fluids in heavy machinery and automotives for performance purposes. Rising demand from the automobile sector in China and India is projected to drive market growth over the forecast period (2012 to 2022). The exploration and production (E&P) activities in Asia Pacific and subsequent regional growth in the industrial manufacturing sector are anticipated to influence market growth. However, availability of MFW alternatives may pose a challenge to market growth.

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

The adverse effects of metalworking fluids have led to formation of certain standards pertaining to the health of industrial workers. The guidelines outlined by the Health and Safety Executive have led to reduced incidence of asthma and breathing problems by workers. In addition, improvements in MWF have led to increased performance of heavy machinery. For instance, the Mobil DTE 10 Excel produced by Mobil Industrial Lubricants allows easy lubrication and high cooling of machines.

The global metalworking fluids market is segregated by product, application, and region. By product, the market is divided into bio-based, synthetic, and mineral. Major applications are categorized into corrosion preventive oils, water soluble cutting oils, neat cutting oils, and others.

On the basis of regions, the market is fragmented into Latin America, North America, Middle East and Africa (MEA), Europe, and Asia Pacific (APAC). APAC dominated the global market in 2014 due to favorable regulations in China, India, and Malaysia. The growing domestic consumption and investments by foreign investors are expected to further boost market growth over the forecast period. It is expected to expand at a 4.4% CAGR from 2015 to 2022. The strong economic growth of BRIC countries is also expected to positively influence the market in the forthcoming years.

The North America market for metalworking fluids was valued at 2.7 billion in 2014 and can expand at a significant growth rate over the forecast period. This expansion is attributed to demand from the U.S. automobile sector. The booming aerospace sector has led to development of mineral oils that improve the lubricity of machines. The use of bio-based fluids to meet surface finish needs of aerospace and military components is expected to be a major factor impelling the North America market.

The Europe market is characterized by the strong automotive manufacturing sector in Germany. Turkey and Russia contribute a major revenue share to the market owing to the presence of numerous aluminum and steel producers in the region. The use of tougher materials in machines and development of coolants that increase sump life are expected to transform the market. However, stringent regulations regarding production of additives and emulsifiers can impede market growth over the forecast period. The MEA market is expected to experience a significant growth in near future due to the existence of exploration and production companies in Iran and Saudi Arabia.

Key companies in the metalworking fluids market include PETRONAS; BP P.L.C.; Exxon Mobil Corporation; Cimcool Industrial Products Inc.; and Houghton International. The market is consistent with price wars due to the presence of various small-scale suppliers. Partnerships and alliances are some of the key strategies used by these players to sustain market share. For instance, in 2017, Houghton International joined hands with Quaker Chemical Corporation to develop products which can cater to their customers in mining, machinery, aerospace, automotive, and heavy equipment industries.

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Medical Plastic Market – Global Analysis and Forecast 2014 – 2025

The global medical plastics market is estimated to touch USD 33.6 billion by 2025, according to a report by Grand View Research, Inc. Medical plastic products encompass products or devices derived from synthetic or semi-synthetic materials. Products range from syringes to implant instruments. Plastic resins used to manufacture medical plastics improve their strength and flexibility. Moreover, the low cost of these raw materials has led to mass manufacture of medical products and devices.

The demand for new medical technologies and increasing geriatric populace are expected to drive market for medical plastics over the forecast period (2014 to 2025). Development of improved plastics and high demand from pharmaceutical sectors is predicted to further influence market growth. Surplus of raw materials needed for production of medical devices as well as high demand across Asia Pacific, North America, and Europe is expected to spur market till 2025. However, strict regulations pertaining to plastic material production can act as a market deterrent against market growth.

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Various medical plastic manufacturers are undertaking development of environment-friendly materials and biodegradable polymers to cater to consumer demand for organic materials. This is exemplified by the reusable and disposable insulin pens that are recently manufactured by DuPont. These pens can play an essential role in diabetes management. The products have excellent lubrication and are being used to prevent hospital-acquired infections (HAI).

Bioresorbable polymers have been used in the medical industry for over two decades with applications in drug-eluting stents, tissue regeneration, and bone augmentation. For instance, Tepha, Inc., a U.S. based manufacturer of medical implants, has introduced a new regenerative scaffold based on its proprietary P4HB technology in November 2017. The medical implant can be beneficial in urogynecology, orthopedics, and structural heart disease. Medical device manufacturers are also partnering up with raw material suppliers to produce new types of thermoplastics to minimize production expenses.

The worldwide medical plastics market is segmented by application and region. Major market application segments include BioPharma devices, cleanroom supplies, sterilization and infection prevention, medical components, medical device packaging, tooth implants, denture base material, orthopedic soft goods, orthopedic implant packaging, wound care, and other implants.

Regions covered in the market report include Central and South America (CSA), North America, Middle East and Africa (MEA), Asia Pacific (APAC) , and Europe. The CSA market is projected to expand at a 4.5% CAGR over the forecast period owing to consumption of denture base materials, disposable components, and wound care products. The strong economies of Argentina and Brazil supported by increased healthcare budgets of the countries and expendable income of residents are expected to augment regional market growth.

The APAC market is anticipated to exhibit a 6.6% CAGR from 2017 to 2025 due to applications in wound care and packaging. Rising demand from China, Singapore, and India are expected to drive regional medical plastics market over the forecast period. Strict regulations in India pertaining to plastic production and disposal can impact expansion of the APAC market in near future. The growing elderly populace in Japan and increasing cases of cardiovascular disorders can also contribute to regional revenue.

The Europe medical plastics market is expected to register immense growth in the forthcoming years owing to rising demand for disposables, implants, and diagnostic instruments. Demand for improved healthcare services and production of biocompatible medical devices are expected to spur regional demand. Germany had accounted for over 16% global market share in 2016. This percentage is expected to rise to 17.9% by 2025 due to high incidence of chronic diseases in the region. The use of medical implants derived from bioresorbable polymers to spur the recovery rate of patients is a key factor that can positively impact the Europe market.

Prominent players in the medical plastics market comprise Saint-Gobain Performance Plastics, Celanese Corporation, Trinseo S.A., E.I. du Pont de Nemours and Company, and Nolato AB. Most of these players engage in research and development leading to the formation of highly strengthened engineering plastics.

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Smart Airport Market Is Growing At CAGR of 10.7% By 2025

The global smart airport market is expected to reach USD 25.09 billion by 2025, growing at a CAGR of 10.7%. according to a new report by Grand View Research, Inc. The growth can be accredited to increased penetration of automated and connected airport processes, such as self-service check-ins, smart baggage drop, and smart luggage tracking.

Moreover, the rising demand for various technologically-advanced non-aeronautical systems, communication systems, and security systems such as electronic bag tags is expected to boost the growth over the forecast period.

Emerging technologies and devices, such as smart access control systems, fingerprint readers, and smart card technology are being increasingly implemented by airports for enhancing the overall passenger experience. Additionally, with the introduction of smartphone-based airport applications, passengers are now able to utilize real-time information, such as gate number, arrival time, direction to airport, check-in line, and flight booking.

Companies across the globe are investing heavily on IT and digital technology to effectively streamline their business processes and provide value-added services to customers. A majority of airports are now focusing on passenger self-service solutions and are planning to implement new technologies, such as the adoption of Bluetooth-enabled beacons to provide connected airport solutions.

Contemporary airport operation and business models have led to an explosive growth of the airline industry. Rising concerns of industry participants pertaining to increased competitiveness have led to a shift in focus towards a customer-centric and data-driven approach to enhance operational efficiency. Moreover, with the emergence of Airport 3.0, airports worldwide are seeking to leverage the benefits of emerging technologies with advanced capabilities.

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Further key findings from the report suggest:

Airports across emerging economies are increasingly adopting a smart airport approach by implementing innovative technologies, such as smart robots, self-check-in kiosks, beacon services, predictive analysis, and border control automation solutions
Airports are increasingly expanding their airside operations by providing various services, such as in-wallet scanning, and geolocation and coordination of aircraft with real-time information on landing
Airports across developed regions, such as the U.S., have now started providing automated parking facilities, in order to capture a higher revenue share of the non-aeronautical operations segment
Asia-Pacific is estimated to emerge as the fastest-growing region over the forecast period, owing to a steep increase in passenger traffic coupled with upgrading and implementation of new technologies in airport communication and security systems
Major countries across Europe are adopting Bluetooth-based beacon technology to provide a personalized experience to passengers, such as indoor wayfinding and nearby promotional offers, based on data collected regarding the passengers’ spending and usage habits

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Latest Trending Research Study on Track & Trace Solutions Market Analysis 2018 - 2025

The global track and trace solutions market size is expected to reach USD 5.2 billion by 2025, according to a new report by Grand View Research, Inc. The track and trace solutions market is anticipated to witness a high growth during the forecast period from 2016 to 2025. The high growth is attributed to a majority of factors, such as the increasing focus of pharmaceutical & biopharmaceutical companies on ensuring brand protection. The pharmaceuticals & medical devices manufacturers encounter a major threat from counterfeit products and theft. The deployment of track and trace solution helps manufacturers enhance distribution channel efficiency and reduces the frequency of counterfeit products.

Furthermore, rising adoption of track and trace solution by healthcare manufacturers would fuel the market growth in the long run. Introduction of advanced technology, such as RFID, provides fast reading and delivers high levels of security. However, the deployment cost of serialization & aggregation solutions, as well as lack of common regulations and standards, is expected to hamper market growth.

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Further Key Findings from the Study Suggest:

The software solutions segment was the largest revenue-generating segment of the track and trace solutions market in 2015. This contribution is mainly because of the regulatory mandates for the execution of serialization & aggregation in healthcare sector
The serialization solution was the largest grossing segment in 2015. Increasing application of serialization in pharmaceuticals & medical devices packaging will be a vital factor contributing to the sector growth
The RFID segment is expected to exhibit fastest growth rate during the study period. The key factors attributing to the growth of the segment are technological advantages, such as high durability and reusability, more data storage capacity, and no requirement of line of sight
North America is estimated to reign the global market in the year 2015. The rising implementation of regulatory standards & regulations along with high adoption rate of track and trace solutions by consumers is anticipated to contribute to the market growth
Somekey players serving track and trace solutions market includeAxway; Mettler-Toledo International, Inc.; Optel Vision;Adents International; Antares Vision srl; TraceLink, Inc.;Siemens AG;ACG Worldwide,Seidenader Maschinenbau GmbH;and Systech, Inc.

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Sunday 29 July 2018

Engineering Adhesives Market Is Anticipated To Reach $22.12 Billion By 2022

The global engineering adhesives market is expected to reach USD 22.12 billion by 2022, according to a new report by Grand View Research, Inc. Increasing demand for high strength and rigid bonding adhesion products from key end-use industries such as consumer goods, construction and transportation is expected to remain a key driving factor for global engineering adhesives market.

The most rapid advances are likely to be achieved in reactive and hot melt adhesives, owing to expanding manufacturing and construction sectors particularly in rapidly expanding economies, which is expected to foster demand for polymers and artificially fabricated components. Lack of VOC (volatile organic compounds) in hot melts and water-based formulations is a key factor for shaping industry growth. The global industry is governed by regulations established by various agencies and legislatures such as U.S. EPA, RoHS Directive in UK, U.S. FDA, ECHA and Green Chemistry Act. These regulations have been instrumental in development of bio-based adhesive formulations that are also critical for market development.

Epoxies were the leading product segment and accounted for 36.4% of total market volume in 2014. Increasing regulations for curbing overall vehicle weight in order to improve fuel efficiency is expected to drive this segment over the forecast period. Methacrylates are expected to witness the highest growth of 6.2% from 2015 to 2022.

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Further key findings from the report suggest:

Global engineering adhesives market size was 4.55 million tons in 2014 and is expected to reach 7.06 million tons by 2022, growing at a CAGR of 5.8% from 2015 to 2022.
Construction was the leading application segment and accounted for 32.5% of total market volume in 2014. Increasing construction spending in Asia Pacific is expected to remain a key driving factor for this segment over the forecast period. Transportation is expected to witness the highest growth of 6.1% from 2015 to 2022.
Asia Pacific was the leading regional market with demand share exceeding 40% in 2014. Positive outlook on automotive industry coupled with increasing construction spending particularly in India, China, Indonesia, Thailand and Vietnam is expected to drive the regional growth over the forecast period. Asia Pacific is also expected to witness the highest growth of 7.6% from 2015 to 2022.
The global engineering adhesives market share is dominated by large integrated companies that are also involved in polymer resin manufacturing, and specialty chemicals production. Key companies with global presence include Huntsman Corporation, 3M Company, Franklin International, Permabond Engineering Adhesives, Henkel, Toray Fine Chemicals and W.I. Polymers Ltd.

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U.S. Specialty Oleochemicals Market Swells Growth of $3.08 Billion By 2025

The U.S. specialty oleochemicals market is expected to reach 3.08 billion by 2025, according to a new report by Grand View Research, Inc. The shift towards relying on natural chemicals coupled with an increase in the growth of end-use industries such as personal care and pharmaceuticals in the U.S. will increase the oleochemical market growth over the next few years.

Growing demand for biopolymers is expected to have a positive impact on specialty oleochemical market penetration and production. Mounting concerns regarding polymer/plastic biodegradability have prompted manufacturers in the market to shift their focus towards development of bio-based alternatives. Oleochemicals derived from plant-derived feedstock such as linseed, castor and soybean oils are used to develop polyamides, which are commonly used in textile and automotive applications.

Specialty esters held the largest share in 2015 and is estimated to reach USD 1.01 billion by 2025. The specialty esters include product categories such as sorbitan esters, glycol esters, lactate esters, isopropyl palmitate, etc. Owing to its feasible chemical characteristics, glycol esters have witnessed increased demand as emulsifier in soap, shampoos, and other personal care consumables.

Glycerol esters, on the other hand, have been gaining momentum on account of their GRAS (generally recognized as safe) recognition awarded by the U.S. FDA. Glycerol derivatives have been finding numerous applications across the food & beverages and pharmaceutical industry. Increasing biodiesel industry has also influenced its market demand wherein it is available at lower price. Crude glycerol can be used as animal feed over corn, as it is cheaply available.

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Further key findings from the report suggest:

The U.S. speciality oleochemical derivatives demand was 1,097 kilo tons in 2015 and is anticipated to grow at a CAGR of 4.5% over the forecast period
The alkoxylates product market accounted for over 14% of the total revenue in 2015
Fatty amines market volume was estimated to be over 135 kilo tons and is estimated to grow at a CAGR of 4.2% from 2016 to 2025
The specialty oleochemical market in personal care & cosmetics application is estimated to witness the highest growth at a CAGR of over 5% from 2016 to 2025
Major oleochemical derivatives used in food processing include glycerol esters, alcohol ethoxylates, sucrose esters, and sulfates and is anticipated to reach over 14% of total volume by 2025
Industrial segment estimated as the leading application segment and accounted for 21.2% of the total volume in 2015
Healthcare and pharmaceutical application is anticipated to reach USD 229 million by 2025
The key players in the U.S. specialty oleochemicals derivatives market include Vantage Specialty Chemicals, Emery Oleochemicals, Evonik, Wilmar, Inolex and Kao Chemicals

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Rapid Increase in Clinical Chemistry Analyzers Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2025

The global Clinical Chemistry Analyzers Market is expected to reach USD 16.0 billion by 2025, according to a new study by Grand View Research, Inc. The growing prevalence of chronic diseases is anticipated to be responsible for the high urgency to adopt clinical chemistry analyzers, which thereby widens the scope for growth during the forecast period. In addition, growing base of geriatric and bariatric population, which is highly susceptible to chronic diseases, is presumed to impel the demand further. Consequently, the resultant high sample volume requiring high capability analyzing devices is driving the market growth.

Moreover, increasing awareness pertaining to benefits associated with these devices is also a high impact rendering driver for clinical chemistry analyzers market. Advent of advanced chemistry analyzers has resulted in improved point-of-care testing capabilities, and thus created high potential growth opportunities for the market. In addition, technological advancements in preanalytical, analytical, and post analytical stages due to analyzing devices & reagents improved their diagnostic capabilities and overall efficiency, which is predicted to propel the growth further. These advancements include advent of microchips, sensors, chemometrics, and robotics. Furthermore, consistent efforts by public as well private healthcare organizations to increase the reliability of data have rapidly engendered the integration of automated chemistry analyzers and immunoassay systems, thereby resulting in overall reduction of workload in laboratories, thus propelling the demand.

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Further Key Findings From the Study Suggest:

Reagents held a substantial share in product segment in 2015. The substantial share can be attributed to increasing reagent rental agreements and availability resulting in quick global access
Lipid panel is anticipated to exhibit lucrative CAGR during the forecast period owing to increasing adoption, as the demand for screening tests for cholesterol and triglyceride levels in case of cardiovascular disorders and diabetes has increased
In 2016, North America accounted for substantial share in the global clinical chemistry analyzers market, as a consequence of local presence of prominent companies involved in high R&D investments
Asia Pacific is anticipated to grow at an exponential CAGR due to unmet patient needs, continuous technological & infrastructural upgradation, and growing healthcare expenditure
Some key participants such as Mindray Medical International Ltd.; Johnson & Johnson; and F.Hoffmann-La Roche Ltd. are undertaking various sustainability strategies, such as new product development & frequent product approvals, to gain competitive advantage
For instance, in August 2016, Mindray announced the premarket FDA clearance for Mindray BA-800M clinical chemistry analyzer allowing it to distribute its product

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CEM Market Is Likely To Reach $32.49 Billion By 2025

The global customer experience management market size is expected to reach USD 32.49 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 22.9% during the forecast period. Growing focus of business organizations on retaining their customers by providing consistent and enhanced customer experience across multiple channels is one of the key trends stimulating market growth.

Cloud-based implementation of customer experience management is expected to gain traction over the forecast period. This growth can be attributed to rising number of organizations using cloud deployment models at their contact center to effectively engage customers across different channels such as mobile, email, call center, social media, and chat.

The retail sector is one of the largest end-users segment of customer experience management software. Retailers are actively focusing on delivering enhanced customer experience while buying and interacting with the brand or the company. In current era, customers are relying on different technology to get information and to make their purchase decision. Retail companies are using structured analytics CEM technology to maintain detailed information about their customer’s profile. By collecting this customer information from different touch points such as web, mobile, social and media, retail companies can get the idea about their customer preferences by analyzing their personalized insights. Using this crucial information, the retailers can deliver personalized and superior customer experience in turn gain loyal customer relationship.

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Further key findings from the report suggest:

On the basis of touch point, the call center segment was the largest segment in 2016 and is anticipated to generate revenue of over USD 1.70 billion by 2025.
Based on analytical tools, speech analytics is estimated to be at the forefront of the market throughout the forecast horizon
The customer experience management market in the BFSI sector is anticipated to cross the USD 7.33 billion mark by 2025
Asia Pacific is projected to witness substantial growth over the forecast period. The growth can be attributed to growing adoption of CEM techniques among various end-user industries. The regional market is expected to rise at a CAGR of 24.7% from 2017 to 2025
Key players include IBM Corporation; Oracle Corporation; Adobe Systems Incorporated; Nokia Networks; and Avaya, Inc. dominated the market in 2016.

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Tuberculosis Diagnostics Market Enhance Growth $3.1 Billion By 2024

The global tuberculosis diagnostics market is expected to reach USD 3.1 billion by 2024, according to a new report by Grand View Research, Inc. Advent of advanced diagnostic methods such as Interferon-gamma Release Assay (IGRA), serological methods, and nucleic acid testing have resulted in the high usage rate of diagnostics. Moreover, Point of Care (POC) technologies such as antigen assays are also promoting the diagnosis rate of TB.

These advanced methods including POC diagnostics are affordable, accurate, simple, and yield quick results. Furthermore, the rising burden of TB is the primary factor responsible for the lucrative market growth. As per the World Health Organization, the global estimates of patients afflicted with TB were around 9.6 million in 2014. This high prevalence rate has led the government, healthcare organizations, research institutes, and market players to initiate endeavors directed toward containing the incidence of this infectious disease.

The increasing screening rate in the high burden regions, affordability of diagnostics, advanced methodologies, faster clinical decisions, and reduction in mortality rate are the focal areas of development. Improved preventive and curative diagnosis rates are the end results of these initiatives. This has led to a subsequent upsurge in the demand for diagnostic tests and the TB diagnostics market.

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Further key findings from the study suggest:

Based on tests type, the tuberculosis diagnostics market is segmented into radiographic methods, diagnostic laboratory methods, nucleic acid testing, phage assay, detection of latent infection, cytokine detection assay, and detection of drug resistance.
Diagnostic laboratory tests dominated the test type segment with 38.0% market share in 2015 as they are cost efficient and easy-to-perform. Diagnostic laboratory tests include smear microscopy and culture-based tests. The high burden regions rely on these methodologies due to their financial and technical incapability to incorporate advanced technologies thus contributing to the growth of the diagnostic laboratory tests segment.
However, compromised accuracy and the longer processing time are the limiting factor for the diagnostics. Hence, healthcare agencies are striving to implement advanced techniques in the developing regions.
As a result, nucleic acid tests segment and the latent infection detection segment, which includes skin tests and IGRA, are likely to exhibit a profitable growth rate. These methods overcome the aforementioned limitations thus improving affordability, processing time and accuracy of the diagnostic method.
Drug resistance in tuberculosis is one of the primary concerns for healthcare professionals as improper treatment due to wrong drug regimen and incorrect dosage forms lead to the development of drug resistance in TB patients undergoing treatment. Hence, the drug resistance detection segment is also anticipated to witness lucrative growth.
Asia Pacific owing to its huge population base and high burden of TB dominated the global TB diagnostics market in 2015. As per the WHO, countries such as India, China, Afghanistan, and Indonesia are priority regions for control of this communicable disease.
The players in the TB testing market include Thermo Fisher Scientific, Inc., Hologic Corporation, Abbott Laboratories, Alere, Inc., Becton, Dickinson and Company, F. Hoffmann-La Roche AG, bioMérieux SA, Sanofi, Cepheid, Hain Lifescience GmbH, and QIAGEN.
New product launches, collaboration, mergers & acquisitions, and regional expansion are the key strategic initiatives undertaken by these industry players
For instance, in July 2016, bioMérieux launched a novel CE marked database and reagents kit VITEK MS for the identification of TB. This new product launch is anticipated to help the company increase its market share.

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Friday 27 July 2018

All Things You Want to Know About Ceramic Matrix Composites Market

The global ceramic matrix composites (CMC) market is anticipated to reach at USD 6.0 billion by 2024, says the findings of a report published by Grand View Research, Inc. Ceramic matrix composites find many uses in thermal management applications, where weight to strength ratio and high efficiency are required, due to their excellent thermal stability and electrical conductivity. These composites have highest the demand from energy and power, defense, and aerospace industries. In addition, CMCs have enhanced stability at higher temperatures and are much lighter than the traditional alloys; this makes them a perfect choice. All these factors are anticipated to propel the global CMC market over the forecast period (from 2015 to 2024).

On the other hand, high costs may restrain the applications of CMCs in niche sectors. However, maximum demand from the aerospace and defense segment is predicted to boost the global market growth over the coming years. Furthermore, a lot of international companies are increasingly focusing on regional developments to meet the escalating demand for these composites from various applications. This factor is also predicted to augment the growth of the overall CMC market during the forecast period. Moreover, the various product and technological developments by key players for cost-effective production of these composites are also expected to propel the industry expansion in near future.

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The global ceramic matrix composites (CMC) market is categorized as per product type, application or end user, and region. On the basis of product type, the market is further categorized as oxides, carbon, Silicon Carbide (SiC), and others. On the basis of end user, the market is segregated as aerospace, defense, electrical & electronics, energy and power, and others. On the basis of geographies, the market is divided into Europe, North America, Middle East and Africa (MEA), Asia Pacific, and Central and South America.

The North America region dominated the worldwide market and accounted a demand share of 44.6% in 2015. This growth was a result of the region’s high penetration in defense and aerospace industries. Other factor responsible for the expansion includes rise in research and development activities for new production methods. Asia Pacific is predicted to be the fastest-growing regional market for ceramic matrix composites. Major factors behind the substantial growth of the region are rapidly expanding defense and aerospace industries, increased expenditure on nuclear power plants, and availability of new and advanced power stations. This regional market is projected to have the fastest growth with a CAGR of 14.3% during the forecast years.

Some of the top companies in the worldwide ceramic matrix composites (CMC) market are General Electric Company; Applied Thin Films, Inc.; The 3M Company; Ube Industries, Ltd.; and COI Ceramics, Inc. Some of the key market players have their patented technologies for the production of CMC, which are used by other industry players. For example, NASA uses Pratt & Whitney’s patented technology for manufacturing turbofan engines with ultra high bypass ratio.

In the recent past, GE Aviations opened a new CMC facility in Alabama. The new facility will be manufacturing silicon carbide materials used for the production of ceramic matrix composites, for LEAP and GE aircraft engines. The new center consists of two adjacent factories on 100 acres. One of these factories will be producing SiC ceramic fiber to create unidirectional CMC tape, which will be manufactured in other factory. The produced ceramic matrix composite tape will be used to manufacture CMC components for use in land-based gas turbines and jet engines.

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