Market Forecast News: October 2018

Wednesday 31 October 2018

Gluten-Free Products Market Swells to $33.05 Billion by 2025

San Francisco, 1 Nov 2018: The global gluten-free products market is expected to reach USD 33.05 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness substantial growth over the forecast period mainly on account of the rising incidences of celiac disease, diabetes as well as obesity across the developed economies.

Consumer perception of gluten-free products being diet food is expected to act as a key driver for the industry growth over the next few years. Unique promotional strategies adopted by the major manufacturers including sampling, in-store cooking demonstrations, and shelf tags indicating a consumable to be gluten-free have been playing crucial roles in influencing the product demand.

The growing inclination of consumers towards leading healthy lifestyles, coupled with the association of free-from products to being healthy is expected to have a positive impact on the industry growth. In addition, the rising awareness among consumers to limit intake of gluten to avoid celiac disease and irresistible bowel syndrome (IBS) is expected to aid product demand.

Gluten-free products are perceived to ease digestive ailments, lower the cholesterol level, and be less fattening, which in turn are expected to drive the product demand over the forecast years. Furthermore, the easy availability of the products, through nearly every grocery store, is expected to aid industry growth, most notably in the U.S. and major European countries.

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www.grandviewresearch.com/industry-analysis/gluten-free-products-market

Further key findings from the report suggest:

Bakery products are expected to dominate the industry growing at a CAGR of 10.5% over the forecast period on account of the high demand for gluten-free bread in the U.S. and France owing to the increasing incidences of celiac disease
Rising consumption of gluten-free pasta in Italy & Germany, coupled with increasing incidences of IBS and celiac disease, is expected to drive the industry growth in Europe. In addition, high demand for rice in Asia Pacific is likely to complement industry growth.
Grocery stores accounted for 70% of the overall distribution of the gluten-free products, on account of easy accessibility to a wide range of products under one roof
Asia Pacific is expected to be the fastest growing market on account increasing consumption of the products as diet food coupled with unique marketing strategies adopted by the major manufacturers to gain regional share.
The major manufacturers in the industry such as Boulder Brands and Hain Celestial Group have adopted different promotional strategies including distribution of free samples and conducting in-store cooking demonstrations to acquire new consumers and gain industry share.

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About Grand View Research

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

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Solar Control Glass Market Holds a Huge Growth in Upcoming Years

San Francisco, 1 Nov 2018: The global solar control glass market is expected to reach USD 8.88 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand owing to positive construction and automotive industry outlook is expected to propel solar control glass market growth.

Solar control glass allows a significant amount of sunlight to pass through and reflects a large amount of solar heat thus making it suitable for green building applications. The growing trend of green buildings constructions with high energy efficiency and reduced CO2 emissions is expected to drive market demand for solar control glass over the forecast period.

The demand is driven by countries such as U.S and Germany where there is a growing trend of green buildings. The favourable government policies in China and Japan are expected to boost demand for this product. The growing usage in the automotive industry owing to reduced air conditioning costs will have a positive impact on demand for solar control glass over the forecast period.

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www.grandviewresearch.com/industry-analysis/solar-control-glass

Further key findings from the report suggest:

Commercial buildings will witness the fastest growth at a CAGR of 9.1% in terms of volume from 2016 to 2024 as a result of increasing projects that are energy efficient coupled with government regulations promoting energy efficient buildings.
European market was valued at USD 1.74 billion in 2015 and will show significant rise owing to growing demand for commercial buildings with provisions to reduce the CO2 emissions resulting from the air conditioning in the building. Growing automotive industry in in Germany is expected to propel demand for this product.
MEA will witness significant revenue growth at a CAGR of 10.1% from 2016 to 2024 in light of the increasing construction projects and arid climatic conditions in that region.
Key participants include NSG, AGC Glass Europe, and Saint-Gobain together accounting for a major market share in 2015. Other prominent players include PPG Glass Industries, Guardian Glass, Sisecam Flat Glass and Euroglas GmbH.
Companies are focusing on increasing their footprint within the global solar control glass industry through various strategic initiatives. For instance, in June 2016, PPG announced the sale of its European fiberglass operations to Nippon Electric Glass Co. to focus on growing market of low emissivity solar control glass. In July 2016, AGC introduced Ipasol neutral 70/37 and Ipasol light gray 60/33 solar control glass products in the market to meet the growing demand.

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All Things you want to Know About Polyamide-Imide Market

San Francisco, 1 Nov 2018: The global Polyamide-Imide Market is expected to reach USD 668.9 million by 2024, according to a new report by Grand View Research, Inc. Significant growth can be attributed to surging PAI demand in molding resin and wire enameling applications.

The global automotive industry has been witnessing significant growth on account of low-cost manufacturing and government support in the form of tax benefits and financial incentives particularly in emerging Asian countries such as China, Indonesia, India, and Thailand. With an ongoing trend towards metal replacement in the automotive and aerospace industry, polyamide-imide molding resins have immense potential for components in engine parts and drive transmission parts that form 50% of the automotive component industry.

PAI polymers in fiber application also offer ample opportunity for the meta-aramid clothing industry. This material has heat and flame resistant characteristics and is one of the superior products used in the protective clothing industry. Growing demand for thermal protection clothing in the military, defense, chemical, and oil & gas industries is expected to steer polyamide-imide fiber demand over the next eight years.

Fiber application segment is expected to witness moderate growth rate over the next eight years. In terms of revenue, the segment is anticipated to grow at a CAGR of 6.3% from 2016 to 2024. Surging demand for heat and flame resistant clothing in firefighting services, defense, and industrial sectors is expected to drive PAI-based fiber demand over the next eight years.

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Further key findings from the report suggest:

The global polyamide-imide (PAI) market demand was 9.96 kilo tons in 2015 and is expected to reach 16.32 kilo tons by 2024, growing at a CAGR of 5.7% from 2016 to 2024
Molding resins were the leading application segment and is anticipated to grow at a CAGR of 5.8% over the forecast period. Significant demand for high performance polymers with enhanced heat and flame resilience in automotive components is expected to steer PAI demand for compounded materials.
Wire enamel application is anticipated to emerge as the fastest growing application segment by 2024. Polyamide-imide demand in the segment was 617.4 tons in 2015. Surging demand for insulated magnet wires with excellent heat and shock resistance than conventional materials such as polyester and polyurethane is expected to steer polyamide-imide demand in this segment.
Asia Pacific is expected to emerge as fastest growing regional market and witness a growth rate of 6.8% over the next eight years. China polyamide-imide market is expected to reach a net volume of 2,457.1 tons by 2024.
Key industry participants in the market include Kermel, Solvay, Toyobo, and Ensinger that are integrated across the value chain from raw material procurement to product manufacturing and supplying. Other players operating in the global PAI industry include Shanghai Songhan Plastics Technology Co., Ltd., Fujifilm, and Innotek.

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Bioinformatics Services Market Scale Worth $4.1 Billion By 2024

San Francisco, 1 Nov 2018: Global bioinformatics services market is anticipated to reach USD 4.1 billion by 2024, according to a new report by Grand View Research, Inc. Growing adoption of I.T. solutions for different studies such as cell signaling, pathway metabolism, gene-receptor interactions, and target differentiation are expected to support growth in this market over the forecast period.

Owing to the benefits associated with the use of informatic solutions for laboratory protocol generation and data management as well as analysis, these solutions are projected to witness substantial demand in the coming years.

Moreover, collaborative activities undertaken by the information technology companies with pharmaceutical companies and clinical research organizations in order to develop and update key technologies linked to cloud computing, like online data storage and visualization of computer resources are expected to enhance market potential through to 2024.

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www.grandviewresearch.com/industry-analysis/bioinformatics-services-market

Further key findings from the report suggest:

NGS is estimated to be the dominant segment with respect to the type of service served in 2015 owing to the fact that sequence-based approach of analysis can be cataloged with the structure-based approach as complementary to genomic and proteomic approaches. Advancement in the sequencing technologies such as NGS and scripting tools (Perl & Python) for sequence manipulation coupled with the reduction in prices of the sequencing platforms and market movement towards the USD 1,000 genome resulted in a larger revenue share of this segment in the discovery informatics.
Market revenue from of chemoinformatics is second only to NGS and its strong market position can be accounted for by presence of several entities operating in this segment and their involvement in the provision of lead identification, validation, assay development, lead generation, optimization, and clinical trial based informatic solutions.
Depending on the application, transcriptomics is anticipated to register the fastest growth of over 15% owing to rise in the number of projects carried out in translational research and application of RNA transcripts for studying etiology of chronic as well as acute diseases.
Academic sector, in terms of end-use for these services, is expected to witness the fastest growth through to 2024 as a result of rise in the adoption rate of these technologies in genomic, proteomic and metabolomics research programs carried out by universities research institutes. If not all, most of these programs are either backed through government funding or private corporation backing and forms a considerable part of the high R&D investment that the bioinformatics market attracts in the current scenario.
North America dominated the industry in 2015, accounting for a little 35% of total revenue. Presence of key participants operating in the region which are involved in development of novel algorithms and software in order to improve drug attrition rates which consequently increases adoption rate of computational algorithms is attributive for the largest share of North America in sector revenue. Demand for informatic services in Europe is also increasing owing to the presence of universities in Germany and UK that are involved in development of I.T. solutions for pharmaceutical research.
Asia Pacific is estimated to witness the fastest growth over the forecast period owing to the fact that government and regulatory authorities have implemented a framework to encourage R&D collaborations and framework extension. Active expansion strategies undertaken by a number of the major market entities operating in the American market in order to strengthen their position in Asia Pacific region is a factor anticipated to consequently drive growth.
Key players operating in this industry include Agilent technologies, Siegen Inc., GVK Biosciences, Accelerys Inc, Illumina Inc., DNAnexus, Life Technologies Corporation, Geneva Bioinformatic, Celera Corporation, IBM Life sciences, and Affymetrix.
These entities are adopting strategies such as collaborations with pharmaceutical and biotechnology companies in order to enhance industrial presence by providing different data management and analytical services for the purpose of drug design and therapeutic monitoring.

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Glass Packaging Market Expand Their Businesses With New Investments

San Francisco, 31 Oct 2018: The global glass packaging market is expected to reach USD 68.4 billion by 2020, according to a new study by Grand View Research, Inc. Growing beer consumption, especially in parts of Eastern Europe and Asia Pacific is expected to be a key driver for the growth of the market over the next five years. In addition, the increasing preference towards use of glass in packaging of food and beverage, pharmaceuticals and cosmetics is further expected to boost the market in the near future.

Alcoholic Beverages were the largest consumers of glass packaging and consumed over 25,000 kilo tons of glass in 2013. Beer is expected to witness fastest growth at an estimated CAGR of 4.2% from 2014 to 2020. Pharmaceuticals along with food and beverage were the other large application segments for glass packaging and are expected to witness substantial growth over the next five years. However, the substitution of glass by plastic as a medium of packaging is expected to be a key restraint for the growth of the market.

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Further key findings from the study suggest:

Global glass packaging market volume was estimated to be 47,000 kilo tons in 2013 and is expected to reach 60,846.5 kilo tons by 2020, growing at a CAGR of 4% from 2014 to 2020.
Asia Pacific is expected to maintain leadership position in the market, and is estimated to account for close to 38% of the global glass packaging demand by 2020. Europe, which is the second largest market, is expected to play a key role in boosting the demand for glass packaging owing to the increased beer consumption from countries of Eastern Europe.
Asia Pacific is also expected to be the fastest growing regional market over the next six years, growing at an estimated CAGR of 4.2% in terms of volume from 2014 to 2020.
The global glass packaging market is highly fragmented, with a couple of companies having significant share of the market, in comparison to numerous companies catering to the local markets. OI or Owens Illinois Inc and Saint Gobain are the key players in the glass packaging market catering to majority of the application segments. Other key companies in the market include Ardagh, Vidrala and Vetropack among.

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Laminated Labels Market Exceeds Growth of $106.92 Billion By 2024

The global laminated labels market is expected to reach USD 106.92 billion by 2024, according to a new report by Grand View Research, Inc. The growing demand for packaged ready-to-go food & beverages and increasing labeling requirement in the pharmaceutical industry are expected to remain key driving factors. In addition, increasing focus of manufacturers on their products aesthetic appeal is also expected to have a positive influence on the market growth.

Technological advancements in label manufacturing & printing techniques coupled with increasing product innovations in films and other raw materials used in the manufacture of laminated labels is projected to create new avenues for market participants.

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www.grandviewresearch.com/industry-analysis/laminated-labels-market

Further key findings from the report suggest:

The global laminated labels market demand was 49.73 billion meter squares in 2015 and is expected to reach 68.43 billion meter squares by 2024, growing at a CAGR of 3.8%from 2016 to 2024
Reels emerged as the leading form of laminated labels and accounted for 75.3% of total market volume in 2015. The demand for laminated labels in the form of reels is projected to grow on account of its ease of application and the growing industrial demand for labels.
Polyester was the leading laminate product and accounted for over 30% of the total market volume in 2015. The UV screen polyester segment is projected to witness the highest growth on account of its excellent heat and chemical resistance properties. UV sunscreen is expected to witness the highest growth of 4.4% from 2016 to 2024.
Food & beverages were the leading application segment and accounted for 25.0% of total market volume in 2015. The growth of food & beverages industry, particularly in China and India is expected to drive this segment over the next eight years. It is also expected to witness the highest growth of 4.0% over the forecast period.
Asia Pacific was the leading regional market and accounted for 37.4% of global demand in 2015. The region is also expected to witness significant growth on account of rising manufacturing activities and the growing organized retail market.
Some leading companies operating in the global laminated labels market include Avery Dennison Corporation, CCL Industries Inc., Constantia Flexibles Group GmbH, R.R. Donnelley & Sons Company, 3M Company, Coveris Holdings S.A., Torraspapel Adestor, Bemis Company, Inc., Flexcon Company, Inc., and Stickythings Limited.

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Managed Security Services Market Worth $60.94 Billion By 2024

The global managed security services market is expected to reach USD 60.94 billion by 2024, according to a new report by Grand View Research, Inc. The proliferation of advanced threats is expected to increase the adoption of managed security services over the forecast period.

Growing usage of cloud storage systems among organizations is driving the demand for cloud-based security services. Moreover, regulatory compliances in several countries to protect loss of information are enabling enterprises to deploy security services. For instance, in 2014, Russia announced the adoption of new regulations for the collection and storage of information only on the Russian territory effective from September 2016.

Managed security services are expected to grow at a robust pace owing to the fast emerging BYOD trend, increasing cybercrime activities and growing concerns for malicious malware attacks. Owing to the increasing consumer privacy regulations such as Personal Protection Act and Consumer Protection Regulations, various sectors such as BFSI and telecom are increasingly adopting these services.

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

Further key findings from the report suggest:

The managed endpoint threat protection is expected to remain the largest segment owing to the growing BYOD trends among organizations and the need to mitigate the growing malware threats
Cloud-based managed security services are expected to be the fastest growing segment owing to the rising number of remote workforce. Moreover, organizations are shifting from on premise to cloud-based services to reduce the expenditure in managing these services.
Telecom & IT is expected to grow at a CAGR of over 16.5% owing to the increasing need to protect and maintain customer privacy. Compliance with regulatory and legal requirements is critical for telecom operators to sustain their operations.
The North America managed security services industry is anticipated to remain the largest over the forecast period. The continuous increase in computer hacking is leading to greater adoption of these services in the region.
Asia Pacific is expected to be the fastest-growing region, growing at a CAGR of over 19% from 2016 to 2024. Owing to the rising number of complex cyber threats, companies in the region are outsourcing network infrastructure security.
Key players in the managed security services market include Dell SecureWorks Inc., IBM Corporation, Symantec Corporation and Verizon Communications Inc. Companies are focusing on providing fully integrated security solutions to develop technologies in the security space.

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Tuesday 30 October 2018

Smart Agriculture/Farming Market Growth - Demand For Fresh And High-Quality Food

San Francisco, 31 Oct 2018: The global smart agriculture/farming market is anticipated to reach USD 18.21 billion by 2025, according to a new report by Grand View Research, Inc. Factors such as consistent growth in population, low availability of cultivable land, government incentives, and demand for fresh and high-quality food are expected to drive the smart greenhouse market. According to World Health Organization (WHO) and Population Council, 80% of the global population resides in urban cities. The prevailing scarcity of land in urban cities has urged growers to adopt new solutions for developing fresh produces. For instance, the vertical farming technique enables consumers to grow crops indoor in layers, in a multi-story building, stacked on racks, or in a warehouse.

The growing population is expected to result in an increased food demand by 2050. Farmers are likely to witness immense pressure in increasing crop production either by making more land available to grow crops or adopting newer techniques, such as smart agriculture and vertical farming. Traditional farming techniques witness several barriers such as climate change, high labor cost. These disadvantages can be overcome with the use of technologies such as LED indoor farming, which creates a nature-like condition to help farmers meet the swelling food demand. Additionally, the changing preference of consumers toward healthier and fresh foods is expected to drive market growth over the forecast period.

Agri M2M offers significant opportunities to mobile operators owing to its potential to generate additional revenue through value-added services. For instance, bundling M2M services with a voice or data offering for rural enterprise customers is likely to enhance the application of M2M.

Agri VAS has been developed to overcome the information gap faced by farmers in emerging markets such as China and India. Additionally, it also helps in connecting the cultivators with other key players in the agriculture supply chain. Agriculture Value Added Services (VAS) have increased over the past few years owing to their rising awareness among VAS providers, mobile operators, and farmers. A few types of M2M connectivity include cellular M2M, satellite & fixed network, power line, and short range connections such as Wi-Fi, Ethernet, and ZigBee.

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

Further key findings from the report suggest:

The growing trend of producing bio-pharmaceutical products under a controlled environment is expected to drive the smart greenhouse market demand over the projected period.
The software segment is expected to portray the highest growth rate, registering a CAGR of 16.7% over the forecast period.
The LED grow light segment is anticipated to witness a considerable growth rate over the forecast period.
The indoor farming technique makes use of LED to create natural surroundings for growing vegetables and herbs.
The advent of modern agriculture technology along with the flexible pricing of connected devices is likely to influence the South American regional market demand.
Various organizations are investing heavily in R&D to offer efficient and low-cost solutions to consumers.
Key players in the smart farming market includeCropMetrics LLC (U.S.), Drone Deploy (U.S.), DeLaval International AB (Sweden), DICKEY-john Corporation (U.S.), and Farmers Edge, Inc. (Canada), among others.

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Technology Leader Driving Cloud Security Market Growth in Upcoming Years

The global cloud security market is expected to reach USD 13.93 billion by 2024, according to a new report by Grand View Research, Inc. The cloud infrastructure has witnessed a significant growth in recent years and its popularity can be attributed to the on-demand services, scalability and flexibility, and the cost effective solutions it offers to organizations. In addition to the tussle between public and private cloud the emergence of hybrid cloud has given cloud users numerous different platforms and frameworks to choose from. As the adoption of cloud reaches new levels, the security issues concerning cloud users and vendors have come to the forefront.

Increasing threats to data and information stored on the cloud, emphasized by the data breaches of recent years are anticipated to create a greater demand for the cloud security solutions. The industry is also expected to see greater efforts at creation of regulations and compliance laws as the need for an industry-wide standard is eminent. The demand for security services and policy implementation is also expected to increase driving the overall cloud security market.

The dynamic nature of industry may result in increasing adoption of open source platforms, whereas the versatility of data and diverse threat vectors will lead to security-as-a-service offering gaining traction among the vendors as well as the users. The sharing of responsibility between Cloud Service Providers (CSPs) and cloud users for protecting the data will impact the security landscape positively. In addition, technologies such as virtualization, convergence and hybrid cloud are predicted to help in implementing security at different levels of cloud infrastructure.

The increasing sophistication of the hacking techniques and the technological advancement in malicious software is expected to unleash new generation of attacks such as advanced persistent threats (APTs), ransomware, malicious insider, distributed denial of service (DDoS) and zero day threats among others. With growing threats and malicious hackers, industry wide collaborations and partnerships to tackle emerging threats may pave the way for future industry developments.

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www.grandviewresearch.com/industry-analysis/cloud-security-market

Further key findings from the report suggest:

As an increasing number of organizations adopt cloud cyber-attacks and data breaches have increased dramatically with highly sophisticated attacks targeted at confidential data. Last two years have seen many high level data breaches such as the attack on Ashley Madison, Home Depot, Anthem and even some security providers such as Kaspersky Labs.
Cloud computing has been erasing traditional geographic boundaries with its world wide spread but the changing cloud regulations and government roles may complicate the market. While some countries such as Germany are opting for greater data privacy, other countries are striving for greater visibility in the internet traffic (such as U.S. and France).
The cloud security is also affected by industry specific regulations such as Health Insurance Portability and Accountability Act of 1996 (HIPPA) for healthcare, Payment Card Industry Data Security Standard (PCI DSS) for financial sector as well as international laws like Safe Harbor Act and European Union Data Protection Directive.
CA Technologies Inc., Cisco Systems, Fortinet Inc., IBM Corp., Intel Corp., TrendMicro, VMware and Symantec Corp. some of the major industry players in this domain. Other key vendors include BMC Software, Bitium Inc., CloudPassage, Netskope, SkyHigh Networks Inc., Snoopwall Inc., Sophos, and Whitehat Virtual Technologies.
Key industry players such as CA Technologies, TrendMicro, Symantec Corp., Intel Corp. and IBM Corp. use technological alliances, partnerships and collaborations with other industry players to maintain market competencies.

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Automotive Sensor to Witness Boost in Demand from Semiconductor Industry

The Global Automotive Sensor Market size is expected to reach USD 36.76 billion by 2022, according to a new study by Grand View Research, Inc. Favorable government regulations for increasing overall passenger security and safety is expected to augment market demand over the forecast period. These products have become an important part of automobiles, and detect physical parameters such as speed and heat and take preventive measures in case of any danger.

Growing consumer adoption of electric, hybrid and hydrogen fuel-cell-powered motor vehicles is expected to drive demand for battery monitoring. Image sensor-based ADAS systems have become essential for tracking and identifying potential hazards. Additionally, rising number of autonomous vehicles in yielding lower fuel consumption and reduced traffic congestion features in developing countries such as Japan and China is expected to favorably impact the automotive sensor market. Demand for retrofitting of advanced systems into the existing motor vehicle fleet is also expected to augment demand.

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www.grandviewresearch.com/industry-analysis/automotive-sensors-market

Further key findings from the study suggest:

Advanced proximity and positioning sensors help remotely determine the location of an object, and this segment is expected to grow at a CAGR of over 11.0% from 2015 to 2022. These products include radar, infrared, ultrasonic, and laser devices, and are finding application in detection of objects around vehicles in addition to occupancy sensing.
Sensors used for safety and security applications monitor wheel speed, occupant position tire inflation, etc. For instance, Jaguar F-type uses these products for blind spot monitoring and close vehicle sensing designed to alert the driver about the presence of another vehicle in an adjacent lane by providing a visual warning indicator in the door’s mirror.
Asia Pacific is expected to remain the leading regional market through the forecast period. The North American automotive sensor market is characterized by the presence of a stringent regulatory landscape. The U.S. NHTSA is attempting to control driver support technologies and direction of automotive collision avoidance. The government is expected to mandate fitment of V2V safety technology in future cars. In addition, the U.S. Association of Automobile Manufacturers (AMM) is expected to leverage rear-view camera and removing side-view mirrors, which can reduce noise and fuel consumption. Outsourcing of manufacturing process to low-cost countries like Mexico, China, Bulgaria, Malaysia, India or the Dominican Republic due to high labor costs in the U.S. is a key industry trend.
Major industry participants such as Bosch focus on research and development to ensure product differentiation. The company’s R&D efforts have focused on development of efficient methods for ensuring reliability, precise 3D environment recognition, and securing the electronics architecture through constant plausibility checks on the data supplied. Other key players such as Freescale, Sensata, and Denso Corporation provide products that cater to a wide range of applications, such as ADAS, body electronics, chassis and safety, etc.

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Pharmaceutical Sterility Testing Market Scale Worth $2.0 Billion By 2025

The global pharmaceutical sterility testing market size is expected to reach USD 2.0 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a healthy CAGR of 11.8% over the forecast period. Increasing number of drug launches coupled with the rising R&D expenditure across the globe is expected to be the key market growth drivers.

Technological advancements in sterility testing methods led to reduction of the procedural time and human intervention, thereby increasing the efficiency and accuracy of these tests. Latest advancements are flexible to suit the safety requirements of innovative products. The FDA also relaxed its regulatory requirements to allow the use of modern sterility tests for ensuring product safety.

Outsourcing of sterility testing is a strategy adopted by many companies in order to reduce cost. Moreover, several contract laboratories are available, which provide quality sterility testing at economic prices. Outsourcing of sterility testing also reduces the need for personnel training, equipment purchases, and manufacturing facility changes.

Regulatory framework for sterile products in pharmacies is increasingly becoming stringent owing to the several adverse events, such as meningitis outbreak (2012), associated with unsafe sterile products compounded in pharmacies. Moreover, the Drug Quality and Security Act provides the FDA authority to monitor and regulate the compounding of drugs, thereby, increasing adoption of sterility testing procedures by the compounding pharmacies.

Developing countries are harmonizing the regulatory framework with ICH standards and are also undertaking initiatives to boost the domestic production by providing incentives and tax concessions. Thus, developing nations are considered to be the future area for expansion of operations and outsourcing of sterility testing by multinational companies.

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Further key findings from the study suggest:

The outsourcing pharmaceutical sterility testing market is anticipated to register a CAGR of 12.0% over the forecast period
Among end-users, the others segment includes hospitals, biopharmaceuticals, clinics, and research labs and it is anticipated to witness the maximum CAGR over the forecast period
Bacterial endotoxin testing segment led the global pharmaceutical sterility testing market with a market share of over 39.0% in 2016
The North America region is anticipated to expand at CAGR of 11.7% during the estimated period
Developing countries, especially India and China, are expected to witness a remarkable growth over the coming years
Some of the key companies in this market are SGS SA; Toxikon, Inc.; Pace Analytical Services, LLC; Boston Analytical; Charles River Laboratories International, Inc.; and Nelson Laboratories LLC.

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Factors Driving the Acrylic Acid Market in Coming Years

San Francisco, 30 Oct 2018: Global acrylic acid market is expected to reach USD 22.55 billion by 2022, according to a new study by Grand View Research, Inc. Increasing glacial acrylic acid (GAA) demand in superabsorbent polymers (SAP) production is expected to remain key driving factor for market growth. Growing SAP scope in niche segments including adult incontinence, water treatment chemicals and radiation cured coatings in emerging markets of Asia Pacific and Central & South America is expected to play a significant role in demand development.

Acrylate esters were the largest product consumed with demand share estimated over 50% in 2014. Growing demand for derivatives such as ethyl acrylate, butyl acrylate and 2-EHA in paints, coatings and textiles is expected to drive the product’s growth. Glacial acrylic acid is expected to witness the highest growth of 5.7% from 2015 to 2022.

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www.grandviewresearch.com/industry-analysis/acrylic-acid-market

Further key findings from the study suggest:

Global acrylic acid market demand was 5,750.0 kilo tons in 2014 and is expected to reach 8,750.0 kilo tons by 2022, growing at a CAGR of 5.6% from 2015 to 2022.
Personal care products formed the largest end-use industry and accounted for 30% of total market volume in 2014. Increasing adult incontinence products demand on account of growing geriatric population base in Europe and Japan coupled with increasing population of baby boomers in the U.S. is expected to drive this segment over the forecast period. Surfactants & surface coatings is expected to witness significant gains in its market size over the forecast period.
Asia Pacific led the global acrylic acid industry with demand share exceeding 48% in 2014. Low manufacturing cost associated with superabsorbent polymers (SAP) in China and India has ensured continuous demand for acrylic acid in the region. China alone accounted for over 50% of total regional demand in 2014.
North America and Europe are mature markets and are characterized by strong focus towards commercializing bio-based acrylic acid. Companies such as Novozymes, Cargill, BASF and OPX Bio have successfully developed bio-based sources on pilot scale and are moving towards commercial operations.
Global acrylic acid market share is dominated by BASF, Arkema, Dow Chemical and Nippon who accounted for over 45% in 2014. The industry is moderately consolidated in nature and moving towards developing acrylic acid from bio-based feedstock.

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Smart Textiles Market to Maintain a Healthy CAGR in Coming Years

San Francisco, 30 Oct 2018: The global smart textiles/smart fabrics market is expected to reach USD 9.3 billion by 2024, according to a new study conducted by Grand View Research, Inc. The growing penetration of smart phones enabled with Bluetooth Low Energy (BLE) for connecting sensor-based devices to the Internet is anticipated to fuel smart textiles market growth in the coming years. The increasing adoption of smart textiles across numerous applications, including sports & fitness and defense & military, are expected to be the key driving force for the industry.

Defense & military was observed to be the largest application, where it is used to protect the users from environmental changes and exposure to enemy weapons. The decreasing prices of electronic components are anticipated to make production cost-effective, further contributing to the overall industry demand. Ensuring user friendliness and the seamless integration of technology into the fabric is a key challenge for the industry participants.

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Further key findings from the study suggest:

The global smart textile industry was estimated to be USD 544.7 million in 2015 and is projected to grow at a CAGR of more than 35% from 2016 to 2024. This is attributed to the growing usage of smart textile in sports & fitness and medical applications, primarily due to its water and stain resistance, UV protection, and anti-bacterial properties, helping users stay protected.
The protection and military application of smart textiles is expected to remain the largest market segment over the next eight years. The demand in sports and fitness applications is anticipated to witness a significant growth since these fabrics increase the comfort level of the user and eliminate the use of bulky equipment such as chest straps. Medical applications accounted for over 7% (in terms of revenue) of the total market in 2015; the segment is expected to grow faster than the global average in the coming years. This is anticipated to be driven by the need for enhancement in administering nursing care, drug delivery, and other procedures.
Smart fabric helps measure physiological parameters such as temperature, heart rate, and blood pressure, among others. Furthermore, this product is also used by those suffering from late-stage dementia as it can help refresh their sense of self. The materials used comprise Phase Changing Materials (PCM), nano fibers, conductive polymers, and so on while primary components include sensors and actuators. Problems concerning power supply are expected to drive the need for energy harvesting in the near future.
North America dominated the industry and accounted for over 45% (in terms of revenue) of the global share in 2015. Asia Pacific is expected to be the fastest growing regional market with an estimated CAGR of over 38.5% from 2016 to 2024. Standardization is anticipated to be critical for the industry to make the transition from specialized products to commercialization.
Industry stakeholders include a number of entities, such as manufacturers of textiles and electronic components as well as Original Equipment Manufacturers (OEMs) and system integrators. Research and development activities as well as funding by government organizations are expected to help the market players achieve product development and innovation. The key companies operating in the market include Ohmatex ApS, Tektronix. Inc., Clothing+, Adidas, Infineon Technologies, Weartech, Fibertronic Limited, and Peratech Ltd.

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Organic Seed Market Predicted To Reach $4.59 Billion By 2022

San Francisco, 30 Oct 2018: The global organic seed market is expected to reach USD 4.59 billion by 2022, according to a new report by Grand View Research, Inc. Growing health consciousness and environmental awareness have resulted in shift in consumer preferences towards organic food. Such trends are projected to complement the organic seed market in the near future. Organic food products are devoid of any chemical exposure and are thus healthier than their conventional counterparts. Rising disposable income and increasing market penetration are key factors that are expected to aid the organic seed market particularly in the emerging markets of Asia Pacific and Central & South America.

High organic seed cost is anticipated to act as a major deterrent for market growth and development. Lack of awareness, high demand-supply imbalance and lower awareness regarding organic food products are some other challenges faced by market participants. Unavailability of high quality and certified organic seeds is another prominent factor that is anticipated to negatively impact the regional as well as global market over the next seven years. Technological advancements, better value chain management and wide distribution network are a few areas which offer ample growth opportunities to the industry participants over the forecast period.

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Further key findings from the report suggest:

Global organic seed market was valued at USD 1,698.5 million in 2014 and is expected to be valued at USD 4,593.6 million in 2022, growing at an estimated CAGR of 13.6% from 2014 to 2022.
Vegetable seeds dominated the global market and accounted for over 30% of total revenue in 2014. They are also expected to witness the highest growth rate over the forecast period.
North America dominated the global organic seed market with demand share estimated at 35.7% in 2014. Asia Pacific is projected to witness the highest growth of 14.3% from 2015 to 2022. Growing awareness regarding benefits offered by organic seed particularly in China and India is expected to drive the regional market over the forecast period.
The industry is segmented and is characterized by high industry rivalry owing to the presence of numerous industry participants. Region specific organic seed producers play a critical role across the value chain. There is considerable supply-demand gap which has arisen due to the brisk growth in demand for organic food products in the recent past.
Key industry participants operating in the global market include Seed Savers Exchange, Wild Garden Seeds, Fleuren, Johny;s Selected Seeds, Navdanya, Maas Plant, Seeds of Change, Fedco Seeds and Vitalis Organic Seeds.

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Analysts Predict Lightning Growth for Global Collaborative Robots Market

San Francisco, 30 Oct 2018: The global collaborative robots market is expected to reach USD 6.77 billion by 2025, according to a new report by Grand View Research, Inc. The growing interest of Small and Medium-sized Enterprises (SMEs), owing to the low price of cobots, is projected to increase the deployment over the forecast period.

The application of cobots in industries such as automotive, furniture and equipment, metal and machining, plastic and polymers, and food and beverages is expected to drive the market growth over the projected period. The increasing focus of OEMs and consumers on safety of operations, such as gluing and welding, pick & place, and machine tending, is expected to propel cobots’ growth.

Collaborative robots apply advanced technologies, which include collision detection, torques sensing, and elastic actuators, for completing tasks in an efficient manner. The material handling segment is expected to witness a significant growth over the forecast period owing to the rising investments in setting up new manufacturing facilities. The presence of existing manufacturing facilities, decreasing ergonomic hazards for workers, and increasing adoption of cobots for packaging is projected to fuel the market for handling application.

The rising industrial automation in emerging regions such as Asia Pacific and the growing trend of precision and rise in safety-rated manufacturing in developed regions, such as Europe and North America, would enhance the industry growth. Furthermore, regulations for mitigating the imminent collisions and the need for safety fences between human and robots are also important factors for growth. The automotive segment is expected to be the major revenue generating segment owing to the well-established automotive market in China and Japan and the growing demand of passenger cars over the forecast period.

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Further key findings from the report suggest:

Cobots are enormously deployed in small and medium-sized enterprises owing to the high adaptability and affordability
Cobots with above 10kg payload capacity are expected to grow significantly owing to their capability of handling higher payload capacity tasks
The material handling segment dominated the market share in 2015 and is expected to grow significantly over the projected period owing to the increasing adaptability and deployment in SMEs
The automotive segment dominated the cobots market and is expected to maintain the dominance over the next four years owing to the well-established automotive industry base in the emerging region
The Asia Pacific collaborative robots market is projected to witness a significant growth over the forecast period, owing to the growing demand in the handling application and automotive industries
The key players in the collaborative robots market include KUKA AG (Germany), FANUC Corporation (Japan), ABB Ltd. (Switzerland), Universal Robots (Denmark), and Robert Bosch GmbH (Germany)

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Monday 29 October 2018

Monoclonal Antibodies Market Exceeds Growth of $138.6 Billion By 2024

San Francisco, 30 Oct 2018: The global monoclonal antibodies (mAbs) market was valued at USD 85.4 billion in 2015 and is expected to reach a value of USD 138.6 billion by 2024. Increasing R&D pertaining to the development of therapeutic mAbs coupled with supportive government initiatives is expected to drive the monoclonal antibodies market growth over the forecast period.

Increasing demand for personalized medicine is a vital factor responsible for the increasing development of therapeutic antibodies to provide targeted therapies as every individual responds in a different manner to a particular treatment. Moreover, related benefits of using mAbs for therapeutic purposes, including fewer adverse effects, homogeneity, specificity, and large-scale production, are contributing toward significant market growth.

In addition, the government initiatives to enable cost-effective production of mAbs is anticipated to propel the emergence of this sector over the forecast period. For instance, the biomanufacturing initiative byNational Institute of Standards and Technology in the U.S. provides scientifically sound regulatory guidelines to ensure effective and safe manufacturing of protein therapeutics and to support biopharmaceutical manufacturers in offering low-cost and high-quality protein drugs across the globe.

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Further Key Findings from the Study Suggest:

Human-based mAbs segment is predicted to grow at a lucrative CAGR in the coming years due to their associated benefits and numerous R&D activities conducted for further development of human mAbs. Large number of mAbs of human origin are in phase III clinical trial for cancer treatment
In vitro production of mAbs is anticipated to show the fastest growth owing to its wide-scale adoption by biologics manufacturers due to its greater efficiency in cost and time
The research institute segment is anticipated to exhibit profitable growth due to increasing R&D efforts in the biotech industry as monoclonal antibodies have emerged as a major class of therapeutics for several human diseases, particularly immunological infectious diseases and cancer
The Asia pacific region has significant growth potential due to rising government initiatives in this region supporting the use of mAbs for research and treatment purposes coupled with the surge in sponsored R&D projects for the development of cost-effective therapeutic mAbs.
For instance, government-led fund providers, such as National Natural Science Foundation and National Basic Research Program of China, offer financial support to enterprises and universities to conduct mAb research and development.
The key players serving the monoclonal antibodies market arePfizer, Inc., GlaxoSmithKline plc, Novartis AG, Merck & Co., Inc, Amgen, Inc., Abbott Laboratories, AstraZeneca, Eli Lilly and Company, Mylan N.V., Daiichi Sankyo Company, Ltd., Bayer AG, Bristol Myers Squibb Co.,Johnson & Johnson Services, Inc., Biogen Inc., Thermo Fisher Scientific, Inc., Sanofi Genzyme, F. Hoffmann-La Roche Ltd., and Novo Nordisk A/S.
The introduction of advanced methods for mAb production further encourages the pharmaceutical companies to build their own product pipeline. According to a study published by NCBI at the end of 2013, approximately 816 companies were involved in therapeutic protein research.

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Insulin Delivery Devices Market Enhance Growth of $19.8 Billion By 2025

San Francisco, 30 Oct 2018: The insulin delivery devices market is expected to reach USD 19.8 billion by 2025, according to a new report by Grand View Research, Inc. The global industry is estimated to witness a high growth during the forecast period from 2016 to 2025. Rapidly increasing number of diabetics coupled with the escalating attention around diabetes care is a major factor propelling the market.

Obesity, sedentary lifestyles, and unhealthy food habits, primarily in the young population, lead to the occurrence of diabetes. In addition, growing diabetic geriatric population is another factor supporting the growth of this vertical. According to the United Nations, Department of Economic and Social Affairs, around 901 million individuals were aged 60 or over in 2015 and this number is projected to increase to 1.4 billion by 2030. Thus, the enlarging elderly population is expected to boost the demand for insulin delivery devices.

Technological innovations and advancements are an ongoing trend in this vertical. Also, favorable reimbursement policies for these devices, mainly in developed countries like the U.S. and Germany, are anticipated to fuel the market growth during the study period. However, stringent regulatory requirements regulating the approval of insulin delivery devices is a major factor restraining the growth of this industry.

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Further Key Findings from the Study Suggest:

The insulin pens segment was the largest revenue-generating category of this market in 2015. The pen is equipped with self-contained cartridges and offers ease in handling & less pain while injecting insulin. Advantages of these pen devices over other products are resulting in its growing popularity, thus serving as a vital factor in contributing to the sector’s highest share in this market.
Homecare is estimated to be the largest shareholder and the fastest growing segment due to increased adoption of self-care diabetes management devices and the availability of simplified and user-friendly product designs for patients.
North America is the leading regional sector and accounted for the largest revenue share in 2015 primarily due to the favorable reimbursement scenario in this space. Also, the presence of major manufacturers in this region is supporting the market growth.
The Asia Pacific region is anticipated to be the fastest growing market during the forecast period. The high prevalence rate of diabetes in the Asian countries, such as China and India, is a major factor contributing to market expansion in this region.
Some key players serving this vertical include Novo Nordisk A/S; Sanofi; Eli Lilly and Company; Medtronic; Becton, Dickinson and Company; Abbott; and F. Hoffmann-La Roche Ltd.

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Mixed Mode Chromatography Resin Market Swells Growth of $130.3 Million By 2025

San Francisco, 30 Oct 2018: The global mixed mode chromatography resin market size is expected to reach USD 130.3 million by 2025, according to a new report by Grand View Research, Inc., exhibiting a 7.1% CAGR during the forecast period. Growing number of contract manufacturing organizations (CMOs) and contract research organizations (CROs), along with increasing use of chromatography resin in separation of monoclonal antibodies, is anticipated to propel the market.

The Ion exchange - Hydrophobic resin segment is expected to dominate the global market till 2025. Demand for this technique is attributed to growth in drug discovery by pharmaceutical companies. These companies use chromatography techniques to separate complex mixtures and purification of materials. Increasing number of epidemic diseases such as Zika and Ebola is expected to further boost the mixed mode chromatography resin market.

Asia Pacific, especially China and India, is expected to generate significant demand for mixed mode chromatography resin owing to growing pharmaceutical sector, coupled with abundance of high skilled workforce and increase in disposable income.

Presence of global pharmaceutical and biotechnology companies, along with their research and development facilities, has enabled North America to be a key market for mixed mode chromatography resin. Massive healthcare expenditure is also driving the expansion of the market in this region.

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Further key findings from the report suggest

The market is projected to exhibit a CAGR of 7.1% from 2018 to 2025 on account of budding pharmaceutical and biotechnology sector
Ion exchange - Hydrophobic Resin will witness the fastest growth in terms of revenue at a CAGR of 7.6% from 2018 to 2025
Asia Pacific is expected to grow at a significant pace and was valued at USD 22.4 million in 2017 on account of increasing number of pharmaceutical companies and rising expenditure in healthcare
Key players in the market include Merck KGaA, Purolite Corp, Danaher Corp, W.R Grace, GE Healthcare Lifesciences, and Bio-Rad Labs
In November 2015, Sigma-Aldrich was acquired by Merck KGaA, allowing the company to foray into the chromatography market.

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All Things you want to Know About Speech Analytics Market

San Francisco, 29 Oct 2018: The speech analytics market is expected to reach USD 1.64 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to witness a robust growth exceeding a CAGR of 10% over the forecast period. This growth is ascribed to the increasing emphasis by organizations on improving the market intelligence capabilities along with the growing prominence of voice in the multi-channel world.

The number of contact centers is increasing, resulting in industry players to innovate speech analytics solutions, which help companies understand the changing customer requirements. The technology has been increasingly adopted in consumer electronics devices, including laptops, smartphones, and tablets, as it significantly increases the enterprise’s scope as well as improves performance. This, in turn, has resulted in elevating adoption of speech analytics solutions worldwide. In addition, upcoming technologies, such as voice print authentication, are estimated to spur growth over the coming years.

Furthermore, the rising demand for risk management solutions and cloud analytics is also anticipated to favorably impact growth over the next nine years. These solutions offer several growth opportunities as this solution helps optimize performance and enhance customer experience. However, issues pertaining to lack of awareness and rise in cost may pose a challenge to the speech analytics market growth in the near future.

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Further key findings from the report suggest:

The service segment is anticipated to grow at a CAGR exceeding 8.0% from 2016 to 2025, which is attributed to the wide product and solution portfolio offerings by service firms operating in the market.
The cloud-based deployment segment captured over 25.0% of the total revenue share in 2015 and is anticipated to exhibit growth of over 9.0% from 2016 to 2025, primarily ascribed to the cost benefits and improved performance offered by cloud over the on-premise solutions, along with the increasing adoption of cloud analytics in contact centers.
Speech analytics allows organizations to work on unstructured data obtained through customer interactions to enhance customer experience and gain a competitive advantage on account of which the small & medium-sized enterprise segment is expected to gain prominence over the forecast period.
The telecommunication segment accounted for a significant market share in 2015, capturing over 15% of the entire revenue share in the same year, which is majorly due to the integration of speech analytics into enterprise systems to enhance efficiency as well as customer experience.
Asia Pacific is expected to emerge as the fastest growing region with a CAGR exceeding 12.0% over the forecast period, which is mainly on account of rapid industrialization, and since, organizations have become more competitive and are focusing on better customer service.

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Tempered Glass Market Growth, Industry Trends To 2022

San Francisco, 29 Oct 2018: Global tempered glass market is expected to reach USD 54.31 billion by 2022, according to a new report by Grand View Research, Inc. Growing automobile demand on account of rising disposable income is expected to be the major driver for tempered glass market growth. Transition in building architecture which includes maximizing natural light through use of glass in facades and roofs is further expected to propel demand over the next seven years.

The product is widely used in construction industry for various applications on account of its lightweight and high strength properties. Asia Pacific market is expected to witness rapid growth on account of increased spending on large-scale infrastructure development in India, China, Indonesia, and Malaysia.

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Further key findings from the report suggest:

Automotive application is expected to grow at a CAGR of over 4.0% from 2015 to 2022. Rapid industrialization in developing countries, coupled with increasing disposable income of the middle class is expected to be primary drivers for the automotive industry which in turn will propel demand particularly in Asia Pacific and Latin America over the forecast period.
Construction application is expected to witness significant growth over the forecast period. The product finds application as both exterior and interior elements of the structure, in order to improve aesthetic value and to avoid fragility. It is increasingly being used in construction applications on account of enhanced characteristics including energy saving, anti-breakage and insulating properties, thus propelling growth.
Europe market is expected to witness below average rate growing at a CAGR of over 3.0% from 2015 to 2022. In Europe, the product is mandated for use in applications including safety glazing, fire knock-out panels, all-glass entrances and storefronts, extreme wind loads and fireplace enclosures. However, with declining automotive production and maturing construction industry in the region product is expected to witness stagnant demand over the forecast period.
Asia Pacific market is expected to witness significant growth over the forecast period and will account for over 19% of the volume share by 2022. Raw material availability coupled with low cost of skilled labor in these countries of Asia Pacific has resulted in major automobile manufactures setting up their production units in the region. This is expected to augment tempered glass demand in the region.
Key companies have been adopting various strategies including R&D and acquisition & merger in order to strengthen their position in global market. Saint-Gobain, AGC Group, Guardian Industries and NSG Group are major players with global presence and integration across the value chain. The market is fragmented in nature owing to a number of local manufacturers and fabricators present globally.

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