Market Forecast News: August 2018

Friday 31 August 2018

Gynecological Devices Market Growth, Industry Trends To 2022

A report published by Grand View Research, Inc. suggests that the global gynecological device market would reach nearly USD 20.6 billion by 2022. The market would grow at around CAGR of 15.6% during the forecast period (from 2017 to 2022). Increasing target population base across the globe along with the rising awareness regarding early diagnosis and availability of treatments can drive the global market. Furthermore, rising adoption of gynecological procedures due to high prevalence of gynecological diseases such as polycystic ovary syndrome or PCOS, cervical cancer, uterine cancer, and other conditions is also likely to spur the market expansion over the coming years. For example, according to the report by the Disease Control and Prevention (CDC), the number of obstetrical treatments performed in 2014 was more than 7.3 million in the United States alone.

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

In addition, rising occurrences of sexually Transmitted Diseases or STDs have also resulted in an increased demand for gynecological treatments. On the other hand, strict regulatory approval procedures to ensure safety may have a negative impact on the global gynecological device market during the forecast period. Additionally, improved drug therapy and rapid development of alternative therapies like personalized medicines are also restraining the market growth. However, the advent of technologically advanced devices that help increase the efficiency of minimally invasive surgeries along with the development of advanced imaging devices like 3D endoscope is likely to propel the market expansion. Moreover, rising number of C-section surgeries due to various health issues caused by changing lifestyles is also likely to contribute toward the development of the gynecological device market in coming years.

The global gynecological device market is categorized on the basis of product type and regions. Based on product type, the market is fragmented into endometrial ablation devices such as radiofrequency ablation devices, surgical devices (gynecological endoscopy devices such as Hysteroscope), female sterilization or contraceptive devices such as temporary or permanent birth control, fluid management systems, diagnostic imaging systems, and hand instruments such as disposable and reusable biopsy forceps. On the basis of geographies, the market is divided into Latin America, Middle East and Africa (MEA), North America, Asia Pacific, and Europe.

The North America region is anticipated to continue leading the global market for gynecological devices during the forecast years. Quick adoption of advanced technologies in the field of gynecology along with the availability of skilled professionals are the key factor driving the regional growth. The presence of highly sophisticated healthcare infrastructure across the region is likely to spur the regional market expansion. Positive reimbursement coverage policies by various government bodies and private firms are also projected to augment the regional market in the years to come.

The Asia Pacific regional gynecological devices market is anticipated to expand at around 10.6% CAGR from 2017 to 2022. India and China, being the world’s highly populated nations, are expected to create numerous growth opportunities for the market in near future. Increasing number of gynecological surgeries, mainly due to the rapidly expanding medical tourism in the region is also expected to drive the market in the forthcoming years. Various initiatives by regional governments for population control, such as awareness drives regarding availability of gynecological treatments and overall women’s health have resulted in an increased demand for contraceptive measures. This factor is also likely to spur the regional market development over the forecast period.

However, countries such as Vietnam and Bangladesh still have a high prevalence of sexually transmitted diseases, especially among young population base. The lack of easy access to contraceptive measures and awareness regarding disease prevention are the major contributing factors for this high prevalence of STDs in the region. This factor is also said to have a positive impact on the growth of the Asia Pacific gynecological devices market in the forthcoming years.

The major companies operating in the global market for gynecological devices include Boston Scientific Corp.; Karl Storz GmbH & Co. KG; Richard Wolf GmbH; Hologic, Inc.; and Medtronic Public Limited Company.

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

Food Robotics Market Poised for Steady Growth in the Future

According to a report by Grand View Research, Inc., global food robotics market is estimated to reach at USD 3.35 billion by 2025 growing at a CAGR of 13.1% over the forecast period (from 2018 to 2025). Growing requirement for high operational efficiency in production process, as a result of increasing need for packaged and processed foods, is anticipated to propel the demand for food robotics. Automated machines offer maximum work efficiency at reduced labor cost. Continuous technological developments in robotics coupled with introduction of advanced and innovative automation technologies can further stimulate the demand for robotic systems. In addition, stringent government regulations for food safety are also anticipated to contribute toward the market growth.

The food robotics market is segregated on the basis of product type, payload, application, and region. Based on product type, the market is classified into parallel, articulated, SCARA, cylindrical, and other. In 2016, articulated segment dominated the market and accounted for the highest market share. The SCARA, parallel, and cylindrical segments are expected to have a substantial growth during the forecast period. Based on payload, the market can be divided into medium, low, and heavy. Low and medium payload capacity segments are anticipated to grow rapidly during the forecast period. Low, medium, and heavy payload systems can have payload capacities of 0–10 kg, 10 kg–100 kg, and 100+ kg, respectively.

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https://www.grandviewresearch.com/industry-analysis/food-robotics-market

Based on application, the market is segregated into repackaging, packaging, palletizing, picking, processing, other. Packaging segment is expected to grow at phenomenal CAGR during the forecast period mainly due to rising demand for packaged food. Growing adoption of automated machines in food processing is also estimated to drive the processing and repackaging segments over the forecast period. Based on geographies, the market is divided into Europe, North America, Asia Pacific, and Rest of the World (ROW). In 2016, Europe dominated the global market and accounted for the largest share attributed to strict food safety regulations and increasing labor costs. Regulatory measures taken by the European governments towards food safety are also likely to impel the demand for automated systems in the region.

In Asia Pacific, the market is anticipated to witness a remarkable growth during the forecast period. High demand for packaged and processed food owing to increasing disposable income has fueled the adoption of food automation technologies in the region. In North America, the market is expected to grow substantially over the next few years. Strong presence of prominent manufacturers is expected to be the key factor driving the market growth in this region.

Some of the leading companies offering food robotics are Yaskawa Electric Corporation; ABB Group; Kawasaki Heavy Industries Ltd.; Fanuc Corporation; and Mitsubishi Electric Industries. Most of the companies invest in R&D to introduce advanced robotic solutions to meet rising consumer demands. For instance, Japanese electronics giant Sony and Carnegie Mellon University (CMU) have collaborated for a research study on use of robotics and Artificial Intelligence (AI) to optimize food preparation, cooking, and delivery. Research work is expected to be carried out at the CMU’s School of Computer Science in Pittsburg. The team includes experts from various fields such as Machine Learning (ML), AI, and robotics. The team will be developing robots that can handle irregular and fragile materials to perform small or even complex commercial and household tasks.

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Agar-Agar Gum Market Scale Worth $345 Billion By 2025

The global agar-agar gum market is anticipated to reach USD 345.3 million by 2025, according to a new report by Grand View Research, Inc. Shifting consumer preference towards animal-free products and popularity of dairy-based products to maintain healthy diets has resulted in significant market growth.

The industry is also responsible for employment generation especially for people dwelling in coastal villages where seaweed collection forms an important component of their income. The activity is crucial for rural women who do not actively participate in mainstream fishing.

Technological advancements have supported the industry as well, with the introduction of metal scrapers that may be utilized to harvest larger quantities of seaweed with less effort. Additionally, new methods & processes have been introduced to extract agar from seaweed along with other techniques for cleaning, pre-treatment, filtration & gelation, and dewatering.

Agar powders occupied over 90% of the volume share in 2015. Creative cooking methods have also paved new growth avenues for molecular gastronomy applications, with powdered gum being dissolved in boiling aqueous liquids to create unique dishes. Textured foods such as pearls and spaghetti gels, along with foamed products are important drivers for this segment.

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

Further key findings from the report suggest:

Global agar-agar gum market was estimated at 11,236.6 tons in 2015 and is anticipated to grow at an estimated CAGR of 3.6% from 2016 to 2025.
Squares are widely used to make confectionaries, bakery products, desserts and other food products in the form of cubes, since the product has the ideal firmness to hold perfect molds
Strips or bars have also been a great alternative for gelatin derived dairy-based products and are used by industrial manufacturers that are engaged in producing kosher, halal, vegan and vegetarian foodstuffs
Meat is expected to increase at about 4.1% CAGR in terms of volume. Agar fosters longer shelf life to frozen & processed meat products, while also improving stability while treating these products, which has led to segment growth.
Microbiological & molecular applications are expected to remain an important segment, since the product is widely used to stimulate bacterial development in Petro-dishes for laboratory experiments
Asia Pacific is presumed expand at the highest CAGR of 5.4% in terms of revenue. The product was originally claimed to be discovered in Tarazaemon Minoya, Japan and has become an important ingredient in the regional food industry in recent years.
Key industry participants consist of Myeong Shin Agar, Meron Group, Marine Science Co. Ltd., Indoalgas, Able Sales Company, Orient Resources Company and Central Drug House(P) Ltd.

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Prostate Cancer Therapeutics Market Analysis of Opportunities Offered By High Growth Economies

The global prostate cancer therapeutics market is expected to reach USD 12.0 billion by 2025, according to a new report by Grand View Research, Inc. According to the American Cancer Society, approximately 1 in 7 men will be diagnosed with prostate cancer in their lifetime. As per Cancer Research, a government institute, in the UK, 46,690 new cases of prostate cancer were diagnosed out of which 11,287 patients died in 2014.

Supportive initiatives undertaken by key players in collaboration with various governments to create more awareness of clinical symptoms about prostate cancer and availability of screening & diagnostic tests such as Prostate-Specific Antigen (PSA) and Digital Rectal Exam (DRE) resulting in early detection. Early detection helps in quick and on time treatment and assists in deciding treatment regimens. In addition, major players including Astella, Inc., Sanofi, Dendreon Corporation, AstraZeneca, and Johnson & Johnson are focusing on development of effective and safe therapeutic products to treat tumor. Moreover, these players have various established brands such as Zytiga, Xtandi, Eligard, Taxotere, Provenge, and Xofigo, which hold a strong position in the market. In addition, there are many drugs in pipeline such as Tc-99m (Progenics), radium-223 dichloride (Xofigo, Bayer), and ODM-201 (Orion and Bayer), which are in their phase 3 studies and are expected to enter the market during the forecast period. In addition, patents of many existing products are expiring during the forecast period. As a result, generic products are anticipated to penetrate the market. All these factors together are expected to propel growth.

In Canada, Prostate Cancer Foundation of Canada supports research, cure, and prevention of prostate cancer through an online portal. This portal provides detailed information regarding symptoms, diagnosis, and commercially available treatment options. Such portals offer free access to people all around the world, which is resulting in growth.

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

Further key findings from the study suggest:

The growing incidence of prostate cancer across the globe is expected to drive growth
The market is segmented into hormonal therapy including Luteinizing Hormone Releasing Hormone (LHRH) agonist, LHRH antagonist & antiandrogen; chemotherapy; immunotherapy, and targeted therapy
Zytiga (Johnson & Johnson) is considered as a gold standard product for the treatment of prostate cancer and holds a strong position. However, Xtandi (Astella, Inc.) and Zytiga are competing with each other. The degree of competition is projected to elevate during the forecast period. Thus, hormonal therapy holds the largest share.
Provenge (Dendreon Corporation) is the only immunotherapy drug mainly used in the treatment of advanced or metastasis of such cancerous cells
In addition, there are many promising immunotherapy drugs in the pipeline such as INO-5150 SynCon and PROSTVAC (Bavarian Nordic), which are expected to enter the market in the near future. Thus, this drug class is projected to be the fastest growing segment.
North America dominated the global market. Rising prevalence and mortality rate associated with such tumors in the U.S. is the primary reason for the dominance of the region.
Asia Pacific is anticipated to be the fastest growing region over the forecast period. Rising awareness regarding prostate cancer in Asian countries including China, Japan, & India, would be the major factor driving the growth.
Some of the major players include, but are not limited to, Johnson & Johnson; Astella, Inc.; Sanofi; Ipsen; Bayer AG; AstraZeneca; Valeant Pharmaceuticals North America LLC (Dendreon Corporation). These major players dominate the market owing to their strong brand identity and extensive geographic reach.

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Thursday 30 August 2018

Hydrophobic Coatings Market Projected To Reach $2.33 Billion By 2025

The hydrophobic coatings market is projected to reach USD 2.33 billion by 2025, according to a new report by Grand View Research, Inc. The demand for hydrophobic coatings is expected to grow on account of the increasing utilization in various application industries including automotive and construction. The growing emphasis on infrastructure development coupled rising standard of living in developing economies is expected to have a positive impact on the automotive and construction industry growth. As a result, the demand for the compounds is expected to witness significant growth over the next nine years.

The increasing investment in research & development by key players in the market to enhance the product characteristics is expected to be a key strategy in increasing their market share. However, high cost of the technology attributed to the product is expected to restrain growth over the forecast period.

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

Further key findings from the report suggest:

Anti-corrosion hydrophobic coatings accounted for over 24% of the revenue share in 2015. The increasing utilization in automotive, construction, medical and aerospace industry is expected to drive the market over the forecast period. Growing use of the product in automotive industry in coating the exterior metal and the glass components is expected to have a positive impact on growth.
Antifouling coatings demand in the market was valued at USD 146 million in 2015. These coatings are expected to gain share on account of the extensive utilization in the marine industry. These compounds are used on the exterior hull of the ship to reduce the impact of aquatic vegetation which affects the longevity of the ship.
Hydrophobic coatings are replacing hydrophilic compounds in automotive industry. Rising penetration of the product in the industry on account of superior properties is likely to drive demand over the forecast period. Furthermore, growing automotive industry in developing economies is expected to aid the hydrophobic market growth particularly in Asia Pacific and Middle East & Africa.
Hydrophobic coatings demand in Asia Pacific is expected to grow at a CAGR of over 7% from 2016 to 2024. Growing application industries in the region is expected to drive demand over the forecast period. High production volume in China and India is expected to be the vital aspect for the growth in the two countries.
Key players include BASF SE, Aculon Inc., 3M, AkzoNobel N.V., and Accucoat Inc. BASF SE has recently started manufacturing hydrophobic coatings for construction industry under the brand name MasterProtect. Leading manufacturers are involved in collaboration in order to increase their industry presence.

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The Fastest Growing “GIS Technology Market” in the Next 5 Years

The global geographic information system (GIS) market is anticipated to reach USD 11.2 billion by 2025, according to a new report by Grand View Research, Inc. The rising adoption of GIS in infrastructure development, urban planning, and smart cities coupled with increasing location-based services are some of the key drivers of the GIS market.

GIS is a computerized system that connects data with geography. Several decisions are taken using GIS, right from tracking a store location to predicting climate change and analyzing a crime pattern. GIS helps users to link the data with geographic location to gain spatial insights from the extracted data.

The growing integration of GIS with conventional technologies has enhanced the business intelligence of companies. Moreover, the integration of GIS with IoT devices provides accurate data to users using the geospatial data analysis. For instance, an IoT-enabled valve can be monitored from anywhere around the globe using geospatial data.

The demand for location-based services, such as real-time status and control of a valve, have been on a rising curve around the globe. The market for GIS is expected to grow over the forecast period owing to technological advancements and growing applications. Moreover, the growing awareness among private companies regarding benefits such as improved productivity and optimization of processes offered by GIS has resulted in the technology’s increased demand.

Organizations in the private sector use the geographic information system for applications such as mining, oil & gas, transportation & logistics, and defense equipment, among others. The rising application of geographic information systems in construction is anticipated to, in turn, boost the market demand over the forecast period.

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

Further key findings from the report suggest:

The growing adoption of GIS in surveying and mapping by several regions is anticipated to drive the market growth.
The construction segment is expected to register a high CAGR of 11.2% over the projected period.
The Asia Pacific regional market is expected to witness significant growth over the forecast period, owing to the large-scale penetration of GIS.
Key players in the market include Autodesk Inc. The Economic and Social Research Institute (ESRI), Hexagon AB, and Pitney Bowes Inc.

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Gas Turbine Service Market Exceeds Growth of $41.6 Billion By 2025 | CAGR 8.5%

The global gas turbine service market size is expected to reach USD 41.6 billion by 2025, according to a new report by Grand View Research, Inc. The global market is anticipated to register a CAGR of 8.5% during the forecast period. Availability of natural gas in large quantities coupled with its relatively lower prices, especially in North America, China, and Thailand, has led to an increase in power generation using gas turbines.

The standby inspection (consist servicing of the relays cleaning, battery system, checking oil & water level and device calibration), running inspection, and combustion inspection (includes inspection of fuel nozzles and combustion liners) are the major maintenance and repair activities which are performed at different time interval, depending upon various factors such as operating hours, geographical condition, fuel, etc.

Growing focus on generating electricity through cleaner sources and discouragement of utilizing coal reserves are the factors anticipated to increase the share of gas turbines in the global energy mix. This, in turn, is expected to provide a favorable environment for the development of this market. One such strategy includes the recent orders passed by the current U.S. government to reverse the energy policies of the previous government and stop the war on coal, which is expected to boost the use of natural gas for energy production over the forecast period.

According to Diesel & Gas Turbine Worldwide, the total number of industrial gas turbines ordered in 2014 were 569 units, which increased to 581 in 2016. Of these, the total number of natural gas-fired industrial turbines, ranging from 30 MW to 120 MW, were 62 units in 2014 and reached 147 in 2016. Growth in industrial turbine installations across the globe is creating more opportunities for aftermarket services, which is building a favorable environment for the growth of gas turbine maintenance market.

Throughout their lifespan, the turbines undergo various inspections at different intervals. Combustor inspection (at 8,000-12,000 EOH), hot gas path inspection (at 24,000-50,000 EOH), and major inspection/overhaul (at 48,000-70,000 EOH) are some of the critical inspections that are essential for the reliable operation of gas turbines. Increasing utilization of gas turbines in resource extraction, processing applications, manufacturing facilities, and packaging plants is widening the product application scope, which is also projected to boost the aftermarket services for gas turbines. Increasing demand for the aftermarket services for gas turbine is projected to provide a substantial growth potential to the gas turbine service market.

Technological development in data collection methods is enabling players in this industry to form a constitutive model for materials. Test rig control helps in gathering and analyzing large volumes of data, thereby allowing players to create the most suitable maintenance plan and models for gas turbines.

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

Further key findings from the report suggest:

The global gas turbine service market was valued at USD 23.9 billion in 2017. The market is projected to witness a CAGR of 8.5% during the forecast period
The industry is highly consolidated in nature and is centered around five major players, which hold over 60% of the market
Early defect detection through the use of software and the preventive maintenance results in substantial cost saving, which has increased the importance of service providers in gas turbine market
Ease of maintenance and operation, higher efficiency, relatively lesser weight, and compatibility at offshore locations are some significant factors projected to drive the demand for <100 MW turbines
The key players include GE Power, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd. (MHPS), Kawasaki Heavy Industries, Ltd., and MAN Diesel & Turbo SE.

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Power over Ethernet Market is Expected to Reach $3.77 Billion by 2025

The global power over ethernet market is expected to reach USD 3.77 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand of the cost effective and fast communication owing to increasing internet users is expected to drive the market growth over the forecast period. the increasing adoption of VoIP among the various application industry has also contributed to the market demand.

The rising deployment of the Ethernet-based RFID readers and security cameras is also expected to boost the market growth. Furthermore, the introduction of PoE Plus is further expected to contribute significantly toward the expansion of the application of technology in high power devices in the industry.

The increasing trend and demand of consumers for smart home automation and control for centrally managing the appliances and other electric systems has also contributed to the residential sector application growth, hence impacting the Power over Ethernet market in a positive manner.

The ability of the PoE of increasing the control, monitoring capabilities with the reduced costs and flexible network architectures across the various application segments has also contributed to the enhanced growth. Extensive adoption of the VoIP technology and rising demand for network security cameras are anticipated to drive the demand.

New launched applications and delivery systems enabling the users to switch to an IP service from a POTS offering a versatile platform is expected to drive the demand and focus of the VoIP over the forecast period. Furthermore, the rising energy costs and increasing adoption of the digital signage technology are also estimated to impel the PoE technology market demand.

Although, leveraging the technology benefits lead to higher capital expenditure on electrical and data infrastructure. further, in adequate supply of power and slow adoption rate of the technology can hamper the growth of the industry.

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

Further key findings from the report suggest:

The Power over Ethernet technology is gaining the attention within the market owing to the ability of combining the networking and electrical power into one cable
The powered devices is expected to dominate the market with a share of over 50% in 2015
Increasing implementation of IP cameras for security, webcams, VoIP phones are projected to lead the residential application growth
North America is envisioned to emerge as a predominant region in terms of revenue over the forecast period owing to the increasing demand for ICs and PoE controllers
The key industry players in the PoE market include Flexcomm Technology (China), Shenzhen Brothers Young Development Co. Ltd. (China), VISIX (U.S.), Maxim Integrated (U.S.)

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Hemophilia Market Witness Significant Growth of $15.2 Billion By 2024

The global hemophilia market valuation is anticipated to reach USD 15.2 billion by 2025, according to a report by Grand View Research, Inc. The market was valued at USD 9.86 billion in 2016 and expects to expand at around 5.6% CAGR from 2013 to 2024 (forecast period). According to a report by the World Federation of Hemophilia (WFH), only 30% to 40% individuals have undergone blood testing in 2013. Nearly 400,000 people were diagnosed with hemophilia in the same year. High probability of diagnostic procedures to discern blood-related disorders and appropriate measures for their treatment can drive market growth in near future.

Rising need for rapid diagnosis of hemophilia and government programs to assist in diagnosis are projected to augur the hemophilia market. Efforts by notable organizations such as the World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), and Healthy Newborn Network (HNN) can further boost the market. An upsurge in the neonatal populace can positively drive the market development during the forecast period.

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

Mandatory screening procedures for hemophilia in neonates can bode well for the market for hemophilia. In addition, introduction of co-pay assistance programs made with cooperation of industry players to alleviate financial costs of tests are other factors expected to influence the market in the forthcoming years. For instance, Grifols S.A., an European company, has announced the launch of “ALPHANATE Copay Program” and “AlphaNine SD Copay Card” for immediate enrolment of patients opting for prophylaxis treatment.

Availability of limited therapies and enormous pressure on regulatory agencies to offer treatment options for royal blood diseases can increase the R&D expenditure for these diseases. Performance and efficacy of existing treatments and initiatives to commercially adopt prophylaxis treatment can also bode well for the market during the forecast period.

The worldwide hemophilia market is segmented by type, treatment, therapy, and region. By type, the market is divided into hemophilia A, B, C, and others. The hemophilia B segment is expected to exhibit a 6% CAGR over the forecast period owing to incidence of hemophilia B and emphasis on development of pipeline drugs to treat the disease. The hemophilia A segment can experience limited growth in near future due to an array of drugs already present in the market in addition to its high prevalence around the world.

By treatment, the market is bifurcated into prophylaxis and on-demand. The on-demand segment is expected to dominate the market with more than 50% share by 2024. The prophylaxis segment, on the other hand, is touted to grow at a robust rate due to easy availability of financial assistance programs and high need for better bleeding control.

Based on therapy, the hemophilia market is fragmented into replacement, gene, and immune tolerance induction therapies. The replacement therapy segment can enjoy a remarkable growth rate during the forecast period due to the launch of extended half-life versions of the existing drugs.

Regions covered in the market report include North America, Latin America (LATAM), Middle East & Africa (MEA), Asia-Pacific (APAC), and Europe. The North America market is expected to dominate over the forecast period on account of high prevalence of diseases and early adoption of prophylaxis treatment. In the 2013 survey conducted by the WFH, around 63% U.S. patients had adopted for prophylaxis. This high rate of adoption can continue driving the regional market in the forthcoming years.

The LATAM and APAC markets are anticipated to exhibit significant CAGRs respectively over the forecast period due to awareness regarding hemophilic diseases and rise in their prevalence. Availability of technologically advanced products, rise in R&D, and demand for plasma and recombinant derived products are also expected to bolster market growth over the forecast period.

Prominent players in the hemophilia market include Baxalta, Bayer Healthcare, F. Hoffmann-La Roche AG, Pfizer Inc., and Shire PLC. Developing additional products coupled with expansion plans in Middle Eastern and West African countries are strategies being considered by these players to increase their market share. Mergers, collaborations, and acquisitions are some of the strategies being considered by players to sustain their market hold. For instance, Biogen has partnered with the National Hemophilia Foundation (NHF), American Thrombosis and Hemostasis Network (ATHN), and Puget Sound Blood Center (PSBC) to launch a nation-wide program for free genetic testing of individuals and families ailing from blood-borne maladies.

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Market Outlook of Global Genome Editing Industry Analysis and Foresight Report to 2025

The global genome editing market is anticipated to reach USD 8.1 billion by 2025, according to a new report by Grand View Research, Inc. Key drivers attributing to the expansion include early applications of DNA editing to therapeutics. Use of the technology for the disease eradication through direct correction of disturbances in normal physiology, engineering the immune response, and alteration of pathogen targets in the host is anticipated to drive the market with substantial opportunities.

The ability of genome editing therapies to offer a significant improvement over current treatment options is important in enabling editing technologies to capture significant revenue share. Improved efficacy, reduced side effects, and the potential for cure for specific diseases, can be attributed to induce growth in the coming years.

Moreover, technological advancements with respect to the development of novel vectors for delivery is anticipated to fuel growth in the coming years. Rising competition amongst the operating entities in order to gain the larger share of revenue is also responsible for the projected growth. These companies leverage industry collaborations for the acceleration of diversified product pipelines.

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

Further Key Findings from the Report Suggest:

There has been great excitement surrounding the highly adaptable CRISPR technology.
The increased ease of retargeting and the ability to multiplex goes a long way toward explaining the speed with which CRISPR-centric companies have sprung up.
Ex-vivo mode of delivery accounted for the largest share of the revenue.
Therapy through ex-vivo mode of delivery allow the control over the specific dosage of therapeutic molecules delivered to cells.
Cell line engineering dominated with respect to revenue generation owing to the high utilization of technology in stem cell engineering.
There is comparatively, higher adoption of the technology in the biotechnology and pharmaceutical organizations for the purpose of therapeutic development.
Availability of other services such as gRNA library production and screening service along with editing is anticipated to propel growth in the outsourcing services.
Asia Pacific is anticipated to witness fastest growth over the forecast period owing to rising penetration of technology in comparatively immature market.
Key players contributing in this market are Thermo Fisher Scientific, Inc., Sangamo, Editas Medicine, Recombinetics, Inc, Sigma Aldrich Corporation, CRISPR THERAPEUTICS, Intellia Therapeutics, Inc., Caribou Biosciences, Inc.
These participants are capitalizing on unique advantages offered by the nuclease technology, they are working on.

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

Microbiome Therapeutics Market Is Projected To Reach USD 433.5 Million By 2025

The microbiome therapeutics market is expected to reach USD 433.5 million by 2025, based on a new study by Grand View Research, Inc. Increasing funding initiatives and government programs to support this research are high impact rendering drivers anticipated to foster market growth.

The launch of Human Microbiome Project by NHS in Europe and the Microbiome Initiative by the U.S. government are some of the crucial government initiatives pertaining to market growth. The U.S. government has announced to have invested over USD 121 million in the Microbiome Initiative with additional USD 100 million from the Bill and Melinda Gates Foundation.

Presence of strong drug pipeline can also be attributed to the highly lucrative growth. Key players are entering into collaborative agreements with venture capital firms and research institutes for enhancing therapeutics pipeline through development of efficient and safe drugs. Some of the companies that recently formed collaborative agreements are Seventure Partners & ENTEROME Bioscience; Vedanta Biosciences & Johnson & Johnson Pvt. Ltd.; and Seventure Partners & Eligo Bioscience.

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Further Key Findings from the Study Suggest:

Fecal Microbial Transplant (FMT) held the largest market share in 2015 owing to easier availability and introduction of FMT capsules by Open Biome
Introduction of RBX2660, a phase 3 molecule, during the end of 2018 will result in substantial increase in revenue of FMT
No commercial microbiome drugs are currently available with FMT being the only therapy for treatment. Drugs are estimated to hit the market by fourth quarter of 2017.
It is estimated that the drugs segment would witness the fastest growth owing to the presence of blockbuster drugs, such as, NM504, SER-109, RP-G28, and SGM-1019, in the pipeline
C. difficile dominated the application segment in 2015 with Crohn’s disease leading the market CAGR over the forecast period
North America held the largest share in 2015, owing to presence of major companies & established healthcare infrastructure and high amount of research activities
Asia Pacific is anticipated to witness significant growth with increasing acceptance of FMT in developing countries, such as India and China
Some of the key companies are MicroBiome Therapeutics, LLC; Seres Therapeutics; ENTEROME Bioscience; MaaT Pharma; Rebiotix, Inc.; Ritter Pharmaceuticals; Second Genome, Inc.; and OpenBiome
High investment on research and development of new drugs and investigation of available drugs for more untapped applications are the main strategies undertaken by the key players

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Mesifurane Market is Expected to Reach $153.8 Million by 2025

The global mesifurane market is expected to reach USD 153.8 million by 2025, according to a new report by Grand View Research, Inc. Inclination of consumers towards high-quality processed foods in emerging economies such as India and China is likely to boost demand for fresh and aromatic food additives such as mesifurane.

The compound occurs naturally in fruits such as strawberries, and has a strong, fruity aroma, making it ideal for cosmetic and personal care applications such as fragrances. Flavor & fragrance companies are also shifting their focus towards development of innovative organic flavors for various applications.

Companies such as Frutarom and Firmenich have developed unique products and technologies respectively, to cater to transitioning consumer food preferences. The cosmetics & personal care industry is also generating demand for mesifurane compounds as manufacturers seek to substitute other potentially toxic chemicals with these safer alternatives.

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

Further key findings from the report suggest:

The global mesifurane demand was estimated at 6,080 tons in 2015 and is expected to grow at a CAGR of 4.8% from 2016 to 2025
Animal feed is expected to emerge as the second fast-growing segment after food & beverages owing to increasing meat consumption & the demand for nutritional, yet flavorsome animal feed products
Global pharmaceuticals industry is also expanding at a rapid rate, specifically in emerging economies as a result of rising geriatric population and prevailing diseases
The food & beverages segment is expected to remain the dominant application, occupying about 61% of the volume share in 2015, as strawberry-flavored drinks are gaining popularity
Consumers are also increasingly preferring exotic fruits as compared to seasonal products, while favorable regulations encouraging foreign investments in this sector are contributing to industry expansion
Manufacturers are increasingly preferring the chemical as an intermediate in various cosmetic formulations owing to its strong and pleasant fragrance
Asia Pacific is anticipated to emerge as the fastest-growing region with 5.2% CAGR in terms of volume from 2016 to 2025. Favorable government policies in emerging economies regarding agricultural development is boosting animal feed market growth which is conducive to mesifurane demand
Key suppliers and developers in the industry include Sigma-Aldrich, The Good Scents Company, Shandong Yaroma Perfumery Co. Ltd., Ruiyuan Flavor Co. Ltd., Penta Manufacturing Co., Natural Advantage and United International Co. Ltd.

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Wednesday 29 August 2018

Lactoferrin Market is Growing at CAGR of 8.4% by 2025: Grand View Research, Inc.

The global lactoferrin market is expected to reach USD 167.9 million by 2025, according to a new report by Grand View Research, Inc. Increasing demand for infant formula has been a major factor driving market growth. Utilization of lactoferrin has increased owing to the rising health concerns among consumers.

Lactoferrin is derived from the transferrin family and is a multifunctional protein. Transferrins are glycoproteins and are known to have the ability to control the free iron content in the human body, and bind them together. The transferrin family derivative is present in extensive quantities in various parts of the human body including, tears, nasal secretions, milk, and saliva.

The multifunctional protein helps to separate the free iron in the human body and also remove any content which promotes bacterial activity. The transferring family derivative helps to inhibit the bacterial growth by binding the lipopolysaccharides with bacterial walls and thus forming peroxides. Owing to this ability of the multifunctional protein, it is widely used in the healthcare sector for curing and preventing bacterial infections & diseases. The antibacterial function of lactoferrin is projected to show a high growth over the next eight years. The antibacterial function segment had a market share of 20.4% in 2016.

Infant formula application segment is expected to have a steady growth rate over the next eight years with an estimated CAGR of 8.1%. The multifunctional protein is the key component of human milk required for infants as they help in iron absorption and its transportation. Cow’s milk contains the multifunctional protein in minute quantities of 0.1 mg/mL, whereas infants require it in the quantities of 2-3 mg/mL. Commercially produced infant formula with lactoferrin content has high iron absorption, antibacterial, and antioxidation properties. This factor is projected to propel the infant formula segment growth over the next eight years.

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

Further key findings from the report suggest:

The global lactoferrin demand was 255.0 tons in 2016 and is expected to grow at a CAGR of 8.1% from 2017 to 2025
Iron absorption emerged as the largest function segment in 2016 and is estimated to be worth 151.9 tons by 2025
Intestinal flora protection is anticipated to be the fastest growing function segment over the next eight years and is estimated to grow at a CAGR of 8.7%
The global lactoferrin demand in food & beverages application was valued at USD 19.7 million in 2016 and is anticipated to witness steady growth over the next eight years
Industry participants include Metagenics, Pharming Group N.V., Vitalus Nutrition Inc., Ingredia SA., MP Biomedicals, Glanbia Nutritionals, Farbest Brands, Fonterra Co-Operative Group Ltd., and ProHealth

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

The global emulsion polymer market is expected to reach USD 56.86 million by 2024, according to a new report by Grand View Research, Inc. Acrylic use for superabsorbent polymers and personal care products is increasing on account of their quick drying ability and water resistance characteristics. Such favorable characteristics are anticipated to augment overall industry demand.

Increasing construction spending, particularly in Asia Pacific and the Middle East, has prompted the demand for paints & coatings in the recent past. The growth of paints & coatings industry has had a direct impact on emulsion polymer demand. Stringent environmental regulations to control noxious chemical emissions coupled with increasing preference for greener products are expected to limit synthetic based demand and augment bio-based and water based product demand. Volatile prices of key raw materials are expected to remain a key challenge for market participants over the forecast period.

Acrylics was the leading product segment and accounted for 39.3% of total market volume in 2015. High demand for diapers & training pants and personal care particularly in the emerging markets of Asia Pacific is expected to drive this segment over the forecast period. It is also expected to witness the highest growth of 6.0% from 2016 to 2024.

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https://www.grandviewresearch.com/industry-analysis/emulsion-polymer-market

Further key findings from the report suggest:

The global emulsion polymer market demand was 13.36 million tons in 2015 and is expected to reach 21.88 million tons by 2024, growing at a CAGR of 5.7% from 2016 to 2024
Paints& coatings emerged as the leading application segment with demand share exceeding 35% in 2015. Increasing construction activities in China, India, South Korea and the Middle East coupled with a positive outlook on the global automotive industry is expected to drive this segment over the forecast period.
Asia Pacific was the leading regional market with demand share estimated 40% in 2015. Rapid urban construction has increased the paint consumption which in turn is expected to fuel the global market. Asia Pacific is also expected to witness the fastest growth of 7.2% from 2016 to 2024.
Key players operating in the global emulsion polymer market include Nuplex industry, Synthomer, STI polymer, Wacker Chemie AG, BASF, Omnova Solutions, Styron, Clariant International Limited, and DIC Corporation. Product innovation coupled with expansion strategies are expected to be adopted by the mid-sized manufacturers to increase their global presence.

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Animal Health Market is Opening up a Plethora of Opportunities during 2014 – 2025

The global animal health market size is expected to reach USD 64.6 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 5.5% during the forecast period. Rapid technological advancements in veterinary care are likely to provide an upthrust to the market. For instance, MediLabSecure, a laboratory network project, was initiated with an aim of identifying emerging viruses and pathogens in 19 countries in the Mediterranean regions. In addition, emergence of veterinary health information systems, specifically in developed economies, is poised to help the market gain significant momentum over the coming years.

With the help of these systems, data generated in veterinary clinics can be uploaded on the internet, which can be further shared with other researchers and clinicians. Incorporation of this technology will facilitate real-time analysis of fluctuations in disease prevalence. As a consequence of aforementioned factors, it is projected that there will be remarkable improvement in the overall penetration rate of animal health products, which is also anticipated to spur the growth of the market.

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

Further key findings from the report suggest:

Vaccines are expected to exhibit a noteworthy CAGR during the forecast period due to significant increase in adoption of companion animals that demand long-term health check-ups
The companion animal segment is estimated to expand at a higher CAGR during the same period owing to associated health benefits for humans such as lower blood pressure, greater psychological stability, and reduced anxiety attacks
Veterinary hospitals and clinics accounted for a substantial share in 2017, owing to increasing number of hospital pharmacies coupled with high procedural volume as a consequence of frequent readmission of pets for treatment
Retail channels and E-commerce platform commanded a sizeable cumulative share owing to factors such as high convenience associated with online pharmacies and increasing number of retail pharmacies
Point-of-care testing is the fastest growing end-use segment due to surging demand for highly productive animals and growing investments in R&D activities for novel animal products
In 2017, North America represented the largest share in the global animal health market owing to local presence of established pharmaceutical companies, consistently striving for extensive commercialization of their products
Asia Pacific is expected to progress at a phenomenal CAGR due to dire clinical urgency to curb high incidence of zoonotic diseases and growing focus on management of disease outbreaks such as swine influenza and Ebola
The key participants employ sustainability strategies, such as expanding product portfolio to gain competitive advantage. For instance, In March 2016, Merial entered into distribution agreement with Zoetis, Inc. to expand dairy product portfolio in India

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Single Cell Analysis Market Analysis Of Opportunities Offered By High Growth Economies

The global single cell analysis market size is expected to reach USD 5.9 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 17.3% during the forecast period. High demand for early detection techniques and rapid technological advancements are creating a significant demand for single cell analysis. This technique is used in genomic, transcriptomic, proteomics, and epigenetic studies.

Single cell analytics helps assess cellular heterogeneity and aids in analysis of pathways and processes at a molecular level. It can be performed with samples as small as a single cell. Its current applications in diagnostics include genetic analysis, prenatal screening, cancer genomics, and neurological therapeutics.

Rising prevalence of chronic diseases is anticipated to drive demand for molecular assay services, subsequently leading to the growth of this sector. Single cell analysis plays an important role in risk management related to organ transplants, cancer, heart failure, renal diseases, and infectious disease testing by performing fast, accurate, and effective tests.

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https://www.grandviewresearch.com/industry-analysis/single-cell-analysis-market

Further key findings from the study suggest:

In 2016, consumables accounted for the largest market share owing to rapid adoption of beads and microplates, repeat purchase of reagents, and demand for assay kits
Automated instruments lead the instruments segment, owing to their advantages over manually operated variants
Companies in this market are implementing strategies such as mergers and acquisitions to expand their product portfolio and to strengthen their position. The partnership between Illumina, Inc. and Bio-Rad Laboratories, Inc. is an example of strategies implemented by leading players
Major players in this market include, but are not limited to, Thermo Fisher Scientific, Inc.; Illumina, Inc.; Qiagen N.V.; Bio-Rad Laboratories, Inc.; Merck Millipore GmbH; Beckman Coulter, Inc. (U.S.); and Becton, Dickinson and Company (U.S.).

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Carry Cases Market Is Anticipated To Reach $9.27 Billion By 2025 | CAGR: 6.1%

According to a report published by Grand View Research, Inc.; the carry cases market is estimated to reach a valuation of around USD 9.27 billion by 2025. Increasing adoption of consumer electronics such as tablets and notebooks can drive the market growth over the forecast period (2014 to 2025).

The launch of multiple models of laptops is likely to boost the market growth, as different size of the products require different cases. In addition, development of smart cases is anticipated to increase its demand in the coming years. These cases improve the functionality of cases and provides protection, and aesthetic appearance to devices as well as information regarding device status, existing functions, and others to the user. For example, smart cases made-up of special material can be useful for blocking signals to protect passport or credit cards from wireless identity theft.

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https://www.grandviewresearch.com/industry-analysis/carry-cases-market

The market is also expected to show significant growth on account of the development of innovative products with improved functionality and quality of materials used. Also, several new features including lightweight design, all-terrain usage, multi-device storage, along with customized solutions are also likely to increase its adoption rate among consumers. Rising trend of customization in which customers can get personalized designs or their names printed on the cases can also expected to spur the demand for these products. The products are being extensively used for marketing and promotional activities, which is likely to increase its adoption in education institutes and corporate offices. For instance, educational institutes offer free laptop messenger bags to students during admissions. These products are also available in innovative designs such as invisible zipper and facility for headphone outlet. However, the availability of counterfeit products is likely to hamper the market growth.

The worldwide carry cases market can be segmented on the basis of product, customer type, and region. Based on application, the market can be categorized into backpack, messenger bags, briefcase, sleeves, and others. The sleeves segment is expected to grow at a CAGR of 7.5% during the forecast period. By customer, the market can be classified into commercial and consumer. The commercial segment is likely to grow at a CAGR of 9.3% during the forecast period. Commercial businesses deal with a large volume of goods and can generate a significant top line growth for market players.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). Asia Pacific is expected to be the fastest growing market and can exhibit a CAGR of 8.1% during the forecast period due to growth of electronic corporations. High adoption of consumer electronic products for personal and business has augment the market growth. Increasing disposable income and purchasing power has increase the sale of smart phones and laptops in the region. Increasing outsourced manufacturing activities in countries such as China and India are expected to support the market growth due to availability of labors at comparatively low price.

Additionally, developing countries in the region are expected to show lucrative growth due to increasing adoption of bring your own devices (BYOD) culture across the companies. The implementation of BYOD helps to improve work flexibility of an employee in terms of work hours and accessibility of device from anywhere. In addition, it helps in increasing productivity and cuts operation costs for the company. This has increased the adoption of wireless connected devices like tablets and laptops. Products such as sleeves and messenger bags are in high demand to protect these devices.

Some of the leading players operating in the market include AsusTeK Computer Inc.; Fabrique Ltd.; Incase Designs Corp.; Lenovo Group Ltd.; and Thule Group. The market is extremely competitive due to presence of large number of local manufacturers and authorized retailers. Quality and pricing are the main competitive parameters in the market. The presence of pirated products makes it difficult for existing companies to gain profits in the market.

Startups or new companies can easily enter in market due to less barriers to entry with regards to rules and policies. The companies are largely focusing on innovation and development of high quality products and to improve their functionality to enable better protection.

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Asia Pacific Region – One of the Dominant Market for Facial Injectables [2025]: Business Research Report

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

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

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

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https://www.grandviewresearch.com/industry-analysis/facial-injectables-industry

Further key findings from the study suggest:

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

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Global Laboratory Filtration Market Is Thriving Worldwide 2015 – 2024

The laboratory filtration market is expected to reach USD 3.6 billion by 2024, according to a new report by Grand View Research, Inc. The increasing number of target diseases such as water-borne diseases, immunodeficiency diseases, and cancer is anticipated to boost the market growth. The increasing use of filtration technologies such as microfiltration, nanofiltration, and ultrafiltration in water purification plants is expected to enhance growth in this sector.

Technological advancements in filtration products have resulted in an increase in the adoption rate of these products in clinical laboratories for research purposes. The products introduced provide benefits such high reliability, competency, and high throughput over the conventional methods. For instance, Merck Millipores millex syringe filters filter small-volume filtrates and these filters are ideally used for antibiotics and tissue culture additives.

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https://www.grandviewresearch.com/industry-analysis/laboratory-filtration-market

Further Key Findings From the Study Suggest:

The filtration media segment dominated this market in 2015, with a revenue share of over 40%.The large share is attributed to its cost-effective nature, higher efficiency, and reliability for industrial bioprocessing.
Microfiltration assemblies dominated the assembly segment in 2015. Some of the benefits associated with microfilters such as easier availability, portability, and easier disposal make them the highly preferred technology.
The microfiltration technology segment held the largest share in 2015, owing to the increasing application of microfiltration in industrial biotechnology and associated research.
North America dominated the overall market with a revenue share of over 42% in 2015, owing to the presence of well-equipped laboratories for life science research, increasing investments in R&D, and the presence of government funding programs for laboratory filter membrane business owners.
Asia Pacific is anticipated to be the fastest growing region with a CAGR of over 8.3%in the forecast period. Factors such as economic development, untapped market opportunities, new emerging market, and advancing healthcare system with the aid of supportive government initiatives are anticipated to assist in growth.
The presence of major market players enhances the penetration of laboratory filtration product in the market. Some of the key players are Merck Millipore, Sigma-Aldrich, GE Healthcare, Thermo Fisher Scientific, Sartorius Group, 3M Company, Cantel Medical Corporation, Macherey-Nagel Gmbh& Co. Kg.
The key players are entering into collaborations such as mergers and acquisitions with other key players to increase their market share. For instance, in November 2015, Merck Millipore acquired Sigma-Aldrich to enhance its life science segment, and this business segment based in the U.S. is named as MilliporeSigma.

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Latest Trending Research Study on Glass Additives Market Analysis 2014 – 2025

The global glass additives market is expected to reach USD 1.56 billion by 2025, according to a new report by Grand View Research, Inc. Increasing consumption of colored and specialty glass in the packaging industry has been a major factor driving the glass additives market growth.

Rising demand from food & beverage industry in addition to the growing popularity for customized glass wares across industries such as pharmaceuticals, cosmetics, etc. are expected to contribute to the demand for glass packaging. High demand for glass packaging will, in turn, is projected to spur the glass additives industry.

Demand for durable glass with enhanced properties such as water repellent, UV protection, anti-glare, etc. from automotive, electronics and construction industries has triggered the usage of metal oxides and nanoparticles during glass production. Utilization of additives in the glass helps in accelerating the manufacturing process thereby reducing the overall energy consumption. It also contributes in bringing down the total manufacturing costs.

The glass industry is slowly reviving from the recent downturn. The industry witnessed the closure of many production units around the world during past decade. Most of the glass manufacturers are focusing on product differentiation and cost advantage. Use of additives helps these manufacturers for long-term existence.

The additives industry is oligopolistic in nature with top few players holding a greater chunk of the market share. Some of the major players in the glass additives market include DuPont, Gillinder Glass, SCHOTT, Torrecid Group, and Nanobase.

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Further key findings from the report suggest:

The global glass additives demand reached to 35,428.4 tons in 2016 and is expected to grow at a CAGR of 3.3% from 2017 to 2025
Europe emerged as the largest consumer in 2016 and is estimated to generate revenue over USD 533.8 million by 2025
Metal oxide demand as glass additives was valued at USD 403.1 million in 2016 and is projected to witness a growth of 3.6% over the forecast period
Asia Pacific is estimated to witness the fastest growth over the forecast period owing to the presence of key developing economies such as China, which is the largest producers of rare earth elements. The regional demand is expected to grow at a CAGR of 3.7% from 2016 to 2025
Key players including Torrecid Group, Gillinder Glass, DuPont, Ferro Corporation, SCHOTT dominated the glass additives market and accounted for over 50% of the total volume in 2015

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