Expanded Polypropylene Foam Market Size Worth $1.30 Billion By 2025 Due To Rising Demand From Consumer Goods & Constructions

San Francisco, 31 Dec 2018 - “Expanded Polypropylene (EPP) Foam Market Analysis By Product (Low Density, Medium Density, High Density), End Use (Automotive, Packaging, Consumer Goods, Others) And Segment Forecasts, 2018 - 2025” - The global expanded polypropylene (EPP) foam market is expected to reach USD 1.30 billion by 2025, according to a new report by Grand View Research, Inc. The rapid growth of the automotive industry in recent years has been a major factor driving market growth. Further, the increasing application scope of the product in the consumer goods, construction, and packaging industries is expected to have significant impacts on the overall market growth over the coming years.


The product witnessed wide application in the automotive industry for the manufacture of floor, door and hood panels, primarily for noise and thermal insulation in passenger and commercial cars. The considerable growth of the automotive industry in Germany, China, and India is expected to drive product demand over the projected period.

The increasing use of molded EPP foam products in protective and flexible packaging applications for numerous verticals, including medical, consumer electronics, food & beverages, household appliances, and industrial equipment, is expected to drive the industry growth over the forecast period.

The consumer goods vertical is expected to witness the highest growth over the coming years, projected to grow at a CAGR of 5.3% during the forecast period, in terms of revenue. The rapidly growing consumer goods industry across major economies of Asia Pacific, Europe, and North America is expected to drive the product demand over the forecast years. 

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Further key findings from the report suggest:
  • The EPP foam industry was estimated at USD 896.4 million in 2016 and is expected to grow at a significant rate during the forecast period on account of increasing application scope of the product in consumer goods and protective packaging industry verticals
  • The medium density segment accounted for a considerable share in 2016 and is expected to witness the highest growth of 4.7% over the forecast period owing to increasing application scope in consumer goods and furniture applications
  • The product demand in the consumer goods segment is expected to grow at the highest CAGR of 5.3% during the forecast period, primarily on account of increasing application scope in the rapidly-growing consumer goods industry worldwide
  • The Asia Pacific region dominated the overall industry revenue in 2016 and is expected to witness the highest growth of 5.3% during the forecast period, on account of high product application scope in the growing automotive, consumer goods, and packaging verticals
  • The key strategies adopted by the industry players include capacity expansions, mergers & acquisitions, technical collaborations, and distribution agreements. For instance, in March 2016, JSP Corporation completed the expansion of EPP foam manufacturing facility in Thailand.
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Grand View Research has segmented the Expanded Polypropylene (EPP) foam market on the basis of product, end use, and region:

Product Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
  • Low density
  • Medium density
  • High density
End-use Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
  • Automotive
  • Packaging
  • Consumer goods
  • Others
Regional Outlook (Volume, Tons; Revenue, USD Million; 2014 - 2025)
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
    • Brazil
  • Middle East & Africa
    • South Africa

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

Online Movie Ticketing Services Market Worth $40.66 Billion By 2022 | Key Industry Players AOL Inc. & Big Cinemas

San Francisco, 31 Dec 2018 -  “Online Movie Ticketing Services Market Analysis By Platform (Internet, Mobile) And Segment Forecasts To 2022” - According to a report by Grand View Research, Inc., global online movie ticketing service market is anticipated to value USD 40.66 billion by 2026. Growing requirement for convenience among consumers while booking movie tickets are anticipated to propel demand for online movie ticketing services during the forecast period (2012 to 2022). Such services are likely to offer paperless tickets to consumers and reduce overall costing for multi-plexes and theaters.

North America online movie ticketing services market revenue by platform, 2012-2022, (USD Billion)

Increase use of various advertising activities to promote movies among consumers can fuel market growth. Growing penetration of high speed internet services like broadband making it easy for consumers to book tickets online can augment growth of market. Rising convenience for consumers to book movie tickets while sitting anywhere and at any time can spur market growth. Advent of mobile applications by various service providers offering online movie tickets for android, windows, and iOS operating systems can stimulate market expansion. In addition, advantages such as discounts, seat availability, deals, and offers provided by these service providers can gain significant attraction among consumers. This factor can also boost market growth in the forthcoming years. Moreover, consumer’s readiness to purchase movie tickets online by paying extra charges and avoiding long queues can further drive market expansion.

Access In-Depth Insights On Online Movie Ticketing Service Market: www.grandviewresearch.com/industry-analysis/online-movie-ticketing-services-market

However, rising cases of fake websites and deceitful activities can hamper market growth over the forecast period. Such activities can break consumer’s trust on online systems and exploit security and convenience related to internet services. In addition, additional charges impose on consumers while they are purchasing movie tickets from online platforms can also obstruct market growth during the forecast period.  

The worldwide online movie ticketing services market can be segregated on the basis of platform and region. Based on platform, the market can be bifurcated into mobile and internet. In 2014, mobile platform accounted for market share equivalent to USD 4.5 billion. The segment is projected to witness substantial growth during the forecast period. Continual development of mobile applications offering online movie ticketing services can boost consumer awareness. In addition, various loyalty programs being offered by service providers to regular consumers can promote mobile platforms.

Regional segmentation includes North America, Europe Asia Pacific, Latin America, and Middle East & Africa. In 2014, North America dominated the market and accounted for market share equivalent to USD 4 billion. It is anticipated to maintain its dominance over the forecast period. Rapid technological advancements and increasing per capita income in countries like Canada and United States are expected to drive regional growth. United States is estimated to witness substantial growth during the forecast period. Rising disposable income and growing adoption of advanced technology among local residents can spur market expansion. In addition, shifting consumer preference towards easy ways of purchasing movie tickets can augment market growth during the forecast period.

In Asia Pacific, the market is anticipated to witness growth at CAGR of 14% from 2015 to 2022. The market is estimated to grow at similar pace attributed to availability of internet at affordable prices in countries like India, China, and Japan. Penetration of broadband services in developing countries and launch of advanced multiplexes are estimated to fuel market growth. In addition, growing adoption of smart devices among local consumers can also impel regional growth. Moreover, rising standard of living attributed to strong economic growth can stimulate market expansion in the forthcoming years.
Latin America region is likely to grow at CAGR of 16% during the forecast period owing to rising purchasing power in countries like Mexico and Brazil. Supportive initiatives from technology giants and local governments to provide internet as basic amenity can foster market growth in this region.

Some of the leading companies operating in the market for online movie ticketing services are Big Cinemas, VOX Cinemas, BookMyShow.com, Vue Entertainment, and Movietickets.com. Most market players are expected to focus on new and innovative ideas related to offer additional entertainment and leisure to consumers. Thereby, they are likely to collaborate with banks and other financial institutes to develop offers that can gain traction among consumers.

Access More Reports Of The Same Category: www.grandviewresearch.com/industry/communication-services

Grand View Research has segmented the global online movie ticketing services market on the basis of platform and region:

Online Movie Ticketing Services Platform Outlook (Revenue, USD Billion, 2012 - 2022)
  • Internet
  • Mobile
Online Movie Ticketing Services Regional Outlook (Revenue, USD Billion, 2012 - 2022)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
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

Pharmacovigilance Market Worth $10.27 Billion By 2025 | Top Companies Are Accenture & Cognizant

San Francisco, 31 Dec 2018 - “Pharmacovigilance Market Analysis By Clinical Trial Phase (Pre-Clinical, Phase I, Phase II, Phase III, Phase IV), By Service Provider (In-House, Contract Outsourcing), By Type, By End Use And Segment Forecasts, 2018 – 2025” - According to a report by Grand View Research, Inc.; the global Pharmacovigilance (PV) market is projected to reach USD 10.27 billion by 2025. Rising cases of Adverse Drug Reactions (ADRs) are anticipated to drive the market during the forecast period (2018 to 2025). Rising consumption of combination of drugs owing to increasing cases of chronic disorders can result in ADRs. This factor is anticipated to augment demand for pharmacovigilance services over the forecast period. Growing number of nonprofit organizations such as International Society of Pharmacovigilance (ISoP) to promote benefits of PV services can further impel market growth.


Supportive government initiatives to promote the use of pharmacovigilance services can drive market growth over the forecast period. Increasing use of medicines to treat chronic diseases is likely to account for a huge proportion of overall consumption of drugs in hospital set-ups. This factor is projected to boost demand for medicines among healthcare providers, thereby driving the need for development of novel therapeutics through extensive clinical trials. Moreover, growing R&D activities in major pharmaceutical companies to develop innovative therapeutic drugs can further boost market growth over the forecast period.

The worldwide Pharmacovigilance (PV) market can be segregated on the basis of clinical trial phase, service provider, type, end-use, and region. Based on clinical trial phase, the market can be categorized into phase 1, phase 2, phase 3, phase 4, and pre-clinical. In 2016, phase 4 segment dominated the market. PV solutions act as additional safety feature for drugs in clinical trials. Phase 4 is estimated to be important stage of clinical trials attributed to detection of unpredicted adverse drug reactions during this stage. Hence, the data monitored and collected during this stage is considered of high relevance.

Based on service provider, the market can be bifurcated into contract outsourcing and in-house. In 2016, contract outsourcing segment dominated the market and is anticipated to expand at the fastest CAGR in the forthcoming years. Benefits associated with PV services including resource flexibility and reduction in fixed cost, risk, and upfront investments are projected to drive the demand over the forecast period.

Based on type of methods, the market for pharmacovigilance can be classified into intensified spontaneous reporting, spontaneous reporting, targeted spontaneous reporting, cohort event monitoring, and Electronic Health Record (EHR) mining. In 2016, spontaneous reporting held the highest market share attributed to increasing use in detection of rare ADRs. Rising demand for surveillance reports prepared through this method among regulatory authorities and pharmaceutical companies can drive growth of segment.

Regional segmentation includes North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. In 2016, North America held the largest market share. Presence of major medical device manufacturers and pharmaceutical players can be attributed to regional market growth. Increasing number of deaths owing to high consumption of drugs can further fuel regional market. Rising investments by leading market players to develop new drugs can also impel growth in near future. Increasing number of clinical trials and demand for post-marketing surveillance attributed to huge production of drugs can drive market expansion in the forthcoming years.

Asia Pacific is projected to expand at a significant CAGR of 15.1% owing to the presence of a large number of outsourcing organizations. Factors like cost efficiency, better productivity, and resource sharing are anticipated to propel demand for pharmacovigilance in the region. In addition, growing investments and awareness among patients can also spur regional growth in the forthcoming years. Moreover, favorable initiatives by local governments to meet consumer demand can further boost market expansion.

Some of the leading companies operating in the Pharmacovigilance (PV) market are Cognizant, Accenture, Clinquest Group B.V., IBM Corporation, and Laboratory Corporation of America Holdings. Most companies are likely to remodel their manufacturing processes to meet evolving consumer demand. In addition, companies can get involved in outsourcing PV services to reduce operational costs. Moreover, they are expected to adopt business strategies like mergers and acquisitions to maintain their market share.

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Grand View Research has segmented the pharmacovigilance market on the basis of the clinical trial phase, service provider, type of methods, end use, and region:
 Pharmacovigilance Clinical Trial Phase Outlook (Revenue, USD Million, 2014 - 2025)
  • Pre-clinical
  • Phase I
  • Phase II
  • Phase III
  • Phase IV
Pharmacovigilance Service Provider Outlook (Revenue, USD Million, 2014 - 2025)
  • In-house
  • Contract Outsourcing
Pharmacovigilance Type of Methods Outlook (Revenue, USD Million, 2014 - 2025)
  • Spontaneous Reporting
  • Intensified ADR Reporting
  • Targeted Spontaneous Reporting
  • Cohort Event Monitoring
  • EHR Mining
Pharmacovigilance End Use Outlook (Revenue, USD Million, 2014 - 2025)
  • Hospitals
  • Research Organizations
  • Industrial
Pharmacovigilance Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
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

Stretchable Conductive Material Market Size Worth $3.4 Billion By 2025 | Key Industry Players Dupont & Co. & Chasm Technologies, Inc.

San Francisco, 31 Dec 2018 -  “Stretchable Conductive Material Market Analysis By Product (Graphene, Carbon Nanotube, Silver, Copper), By Application (Wearables, Biomedical, Photovoltaics), By Region And Segment Forecasts, 2018 - 2025” - The global stretchable conductive material market is expected to reach USD 3.4 billion by 2025 at a CAGR of 25.7%, according to a new report by Grand View Research, Inc. The rising demand for stretchable conductive material due to rise in the use of renewable solar energy and biomedical is expected to propel industry expansion over the forecast period.


Rising concerns regarding the release of toxic effluents into the environment are expected to result in increased installations of solar power grid in the renewable sector. In addition, stringent environmental regulations on carbon emissions from the power grids are expected to stimulate the demand for highly effective photovoltaics in the solar power cells.

Increasing solar power grid installations by various key players including UniEnergy Technologies; RedT; Red Flow; and Primus Power as a result of rising demand for photovoltaics in the renewable power grid industries are expected to promote the market growth over the forecast period. Upgrade of technology coupled with cost reduction and volume maximization is expected to drive the product demand over the forecast period.

In terms of volume, photovoltaics accounted for 32.48% of the overall share in 2016 and is expected to witness substantial growth owing to increasing urban population and government support to promote infrastructure development in countries such as the U.S., China, India, Singapore, and Thailand.

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

Further key findings from the report suggest:
  • Photovoltaics is expected to witness significant growth, registering a CAGR of 26.4% from 2017 to 2025, as a result of increasing adoption in the solar power cell industry. The increased adoption of these materials in the solar cells is anticipated to fuel the demand.
  • Asia Pacific was the dominant market and accounted for 32.83% of the global stretchable conductive material in 2016. The new establishing of various solar power grid, especially in U.S., China and Japan is expected to fuel photovoltaics demand in the forecast years.
  • Key participants dominating the stretchable conductive material industry include Dupont and Co., 3M, Chasm Technologies, U.S. Research Nanomaterials, Rajasthan Electric Industries, Advanced Nano Products, Applied Nanotech, Indium Corporation, Vorbeck Materials, Textronics, Minco, Dycotec Materials.
  • Stretchable conductive material players are adopting numerous strategies, such as new product developments, and research, to strengthen their foothold in international markets and increase market penetration.
Access More Reports Of The Same Category: www.grandviewresearch.com/industry/advanced-materials

Grand View Research has segmented the global stretchable conductive material market on the basis of product, application, and region:

Stretchable Conductive Material Product Outlook (Revenue, USD Million, 2014 - 2025)
  • Graphene
  • Carbon Nanotube
  • Silver
  • Copper
Stretchable Conductive Material Application Outlook (Revenue, USD Million, 2014 - 2025)
  • Wearables
  • Biomedicals
  • Photovoltaics
  • Cosmetics
Stretchable Conductive Material Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • Germany
  • Asia Pacific
    • China
    • Japan
  • Central & South America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Africa

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

Electrodes For Medical Devices Market Size Worth $2.0 Billion By 2025 | Key Industry Players 3M Healthcare & Boston Scientific Corporation

San Francisco, 28 Dec 2018 - “Electrodes For Medical Devices Market Analysis By Type {Diagnostics (ECG, EEG, EMG, ERG, Fetal Scalp), Therapeutics (Pacemaker, TENS, Defibrillator, Electrosurgical)}, By Region, And Segment Forecasts, 2018 - 2025” - The global electrodes for medical devices market 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 witness lucrative growth during the forecast period, owing to increasing prevalence of chronic and other diseases such as heart diseases, Parkinson’s Disease (PD), Alzheimer’s disease, brain disorders, Trigeminal Neuralgia (TN or TGN), sinusitis, tinnitus, Raynaud's disease, fibromyalgia, circulatory disturbances, gout, and body ache, across the globe. 

Minimally Invasive Surgery (MIS) is one of the advancements in medical technology in which small incisions are made in the body for laparoscopy, endoscopy, arthroscopy, and other surgical procedures. This procedure is gaining popularity owing to faster recovery, lesser postsurgical infections, pain, & major bleeding, reduced scarring, and high accuracy benefits. In 2015, over 20.0 million Americans underwent MIS, which is expected to assist in the growth of this vertical during the forecast period.

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

Further Key Findings From the Study Suggest:
  • The diagnostic segment held a profitable revenue share in 2016 and is expected to grow at a significant rate over the forecast period.
  • Rising prevalence of heart diseases, fetal distress syndrome, ocular diseases, and neurological disorders make extensive use of Electrocardiogram (ECG), Electroencephalogram (EEG), electrosurgical, and fetal scalp electrodes
  • The therapeutic segment is anticipated to witness the fastest growth over the forecast period due to widened use of medical electrodes in aesthetic surgeries, RF ablation procedures, neurosurgical procedures, and acute & chronic pain treatments
  • Defibrillator and electrosurgical electrodes are projected to hold substantial market share over the forecast period. This can be attributed to the advanced development of wearable defibrillator that constantly monitors the cardiac rhythms of the wearer and identifies & notifies the user about the occurrence of any abnormality and helps regain the normal heart functionality
  • North America is expected to dominate the medical electrodes market during the forecast period, owing to the rising prevalence of CVDs, changing lifestyle of individuals, and presence of target population in the U.S. and Canada. In addition, the presence of advanced technologies with electrodes such as hydrogel and dry electrodes in the region are expected to spur the medical electrodes market growth.
  • Some of the key players in medical electrodes market are 3M Healthcare; Boston Scientific Corporation; GE Healthcare; C.R Bard Inc.; CONMED Corporation; Medtronic; Natus Medical Incorporated; Thermo Fisher Scientific Inc.; Asahi Kasei Corporation; and Philips Healthcare
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Grand View Research has segmented the global electrodes for medical devices market on the basis of type and region:

Electrodes For Medical Devices Type Outlook (Revenue, USD Million, 2014 - 2025)
  • Diagnostics
    • Electrocardiogram (ECG)
    • Electroencephalogram (EEG)
    • Electromyogram (EMG)
    • Electroretinogram (ERG)
    • Fetal Scalp
    • Other
  • Therapeutics
    • Pacemaker
    • Transcutaneous Electrical Nerve Stimulator (TENS)
    • Defibrillator
    • Electrosurgical
    • Other
Electrodes For Medical Devices Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • South Africa

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

Immunohematology Market Size To Reach USD 2.3 Billion By 2024 | Key Industry Players Bio-Rad Laboratories, Inc. & Immucor

San Francisco, 28 Dec 2018 - “Immunohematology Market Analysis by Product (Immunohematology Analyzer, Immunohematology Reagent), By End Use (Hospitals, Blood banks, Diagnostic Laboratories), By Region (North America, Europe, APAC, LATAM & MEA) And Segment Forecasts, 2018 – 2024” According to a report published by Grand View Research, Inc.; the immunohematology market is anticipated to reach a valuation of around USD 2.3 billion by 2024. Growing trauma cases can propel the market during the forecast period (2014 to 2025). 



Increasing number of hospitals and trauma care centers to provide emergency care has also increased blood requirement, thereby driving demand for immunohematology tests and products. Growing awareness about blood donation and growing number of voluntary donors all over the world have also led to rise in number of blood banks. This is also expected to drive the market growth. High prevalence of target diseases including cancer and sickle cell diseases is also crucial for the market. As patients detected with these diseases need multiple and recurrent blood transfusion. Products such as cell counters, reagents, and analyzers help to achieve safe and efficient transfusion procedure.

Diagnostic laborites and hospitals are emphasizing more on accepting automated instrumentation and incorporation of several functions in one platform. This is also expected to fuel the market growth in the coming years. High involvement of government organizations and NGOs play an important role in the market. Furthermore, new product launches and introduction of innovative technologies for blood screening is expected to drive the market growth. For example, mobile applications can assist to track the blood donation activity of volunteer donors and encourages donors to donate regularly by sending notification.

Access In-depth Insights On Immunohematology Market: www.grandviewresearch.com/industry-analysis/immunohematology-market

Worldwide immunohematology market can be segmented on the basis of product, end-use, and region. Based on product, the market can be classified into immunohematology analyzer and immunohematology reagent. The immunohematology reagents segment was the leading segment in in 2015.  The segment is mainly driven due to availability of wide product range and high adoption of these reagents in blood banks. The automated analyzers function on some specific reagents, thus making it a compulsory and recurring purchase for hospitals and diagnostic laboratories. In immunohematology analyzers segment, the automated analyzer is likely to show rapid growth during the forecast period. They are accurate and provides quick results, and generally uses less reagents. In addition, some analyzers can show immediate digital results on the screen. This aids quick screening and categorization of blood.

As per end-use, the market can be categorized into blood banks, hospitals, and diagnostic laboratories. The hospitals segment conquered the market in 2015 owing to growing number of emergency cases due to road accidents and other reasons. Government and private institutions are spending high in developing and upgrading emergency sections in hospitals to augment survival chances of patients.

Hospitals accounted for the largest share in the end-use segment of immunohematology market. It is mandatory for hospitals to check donated blood for infections, set parameters of hematology components, and perform pre-transfusion compatibility tests of donor and recipients.

Geographically, the market can be divided into North America; Europe; Asia Pacific; Latin America; and Middle East and Africa. North America held for the major market share of more than 40% in 2015. Presence of numerous trauma centers and blood banks are driving the need for immunohematology products in the region. Need for transfusion is high in the U.S. Additionally, high adoption of new technologies and automation is also supporting the regional growth. Frequent products approved by the U.S. FDA for technologically advanced products is also encouraging companies to introduce new products in the region. Europe is also considered as one of the attractive markets for hematology due to presence of prominent players. Asia Pacific region is likely to grow significantly during the forecast period. Participants in the market are expanding their facilities in this region to take an advantage of unexploited opportunities in this region.

Some of the prominent companies operating in the immunohematology market include Hologic, Inc.; Bio-Rad Laboratories, Inc.; Beckman Coulter, Inc.; ThermoFisher; and Ortho Clinical Diagnostics. Growing investments by players in R&D is expected to fuel the market growth in the coming years.

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Grand View Research has segmented the immunohematology market by product, enduse, and region:

Immunohematology Product Outlook (Market revenue in USD Million, 2013 - 2024)
  • Immunohematology analyzer
  • Immunohematology reagent
Immunohematology End-Use Outlook (Market revenue in USD Million, 2013 - 2024)
  • Hospitals
  • Blood banks
  • Diagnostic laboratories
Immunohematology Regional Outlook (Market Revenue in USD Million, 2013 - 2024)
  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa

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

Industrial Air Filtration Market Size Worth $6.08 Billion By 2025 | Top Companies Are Donaldson Company, Clarcor, Inc.

San Francisco, 28 Dec 2018 - “Industrial Air Filtration Market Analysis By Product (Dust Collectors, Mist Collectors, HEPA Filters, Cartridge Collectors & Filters, Baghouse Filters), By End-Use (Cement, Food, Metals, Plastic, Power), By Region, And Segment Forecasts, 2018 – 2025” According to a report by Grand View Research, Inc., global industrial air filtration market is anticipated to value USD 6.08 billion by 2025. Growing need to maintain quality of indoor and outdoor air across end-use facilities is anticipated to impel demand for air filtration over the forecast period (2014 to 2025). Air filtration is expected to remove contaminants from the air and improve its quality.

Rising demand for advanced filtration techniques to protect distribution network and equipment and reduce maintenance cost can influence market growth. Increasing use of air filters in air conditioning and handling units to remove contaminants from indoor and outdoor air can stimulate growth of market. Stringent guidelines pertaining to health and safety in manufacturing companies can drive market growth. Growing adoption of advanced products offering high performance and efficiency to enhance sales can spur growth of market. Rapid growth of industrialization and rising environmental concerns are estimated to impel market growth. Technological advancements in air filters by manufacturing companies to enhance energy efficiency can spur growth of market. Increasing use of air filters in metal processing units owing to presence of fumes, dust, and vapors can impel market growth over the forecast period. Developments of innovative raw materials like small fibers to manufacture air filters can create lucrative opportunities for the market.

Read More Insights On Industrial Air Filtration Market: www.grandviewresearch.com/industry-analysis/industrial-air-filtration-market

The worldwide industrial air filtration market can be segregated on the basis of product, end-use, and region.  Based on product, the market can be categorized into baghouse filters, mist collectors, dust collectors, high frequency particulate air (HEPA) filters, and cartridge collectors & filters. In 2015, HEPA filters segment accounted for 20% of overall revenue share. It is expected to grow at similar pace over the forecast period. Use of HEPA filters is expected to reduce or eliminate toxins, radioactive particles, and airborne bacteria and viruses from the air. Hence, these filters can be used in hospitals, pharmaceutical laboratories, and nuclear plants to offer sterile environment.

Based on end-use, the market can be classified into pharmaceuticals, power, cement, agriculture, food, metals, plastic, woodworking and paper & pulp, and others. In 2015, food segment account for 15% of overall revenue share. The segment is predicted to witness significant growth during the forecast period. Rising concerns related to cross contamination and sanitary regulations in food processing sector can propel demand for air filters.

Similarly, power segment accounted for 10% of overall revenue share in 2015. The segment is expected to grow at steady pace over the forecast period. Use of air filters in power generation sector can enhance efficiency.

Regional segmentation includes Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. In 2015, Europe region dominated the market and accounted for 25% market share in terms of revenue. The region is expected to witness substantial market growth over the forecast period. Diversification of food sector in the region attributed to presence of various small scale business can impel market growth. Stringent government regulations pertaining to harmful emissions from various manufacturing processes can drive demand for air filters. This, in turn, can boost market growth in the region.

On the contrary, Asia Pacific region held 20% of overall market share in 2015. The region is anticipated to witness significant growth during the forecast period. Growth of pharmaceutical, food processing, and metal processing sectors can augment regional growth in the forthcoming years. In addition, supportive initiatives from local governments coupled with rise in foreign direct investments can drive growth of market in the region. Moreover, rising penetration of manufacturing facilities to China to reduce manufacturing expenses can spur regional growth during the forecast period.   

Some of the leading companies operating in the market for industrial air filtration are General Electric, Andrew Industries Limited, Ingersoll Rand PLC, Atlas Copco, and Gardner Denver. Most companies are likely to adopt business strategies like acquisitions and mergers to expand their product portfolio. In addition, companies are expected to invest in R&D activities to develop advanced air filters to gain competitive edge over others.


Grand View Research has segmented the global industrial air filtration market based on product, end-use, and region:

Industrial Air Filtration Product Outlook (Revenue, USD Million, 2014 - 2025)
  • Dust Collectors
  • Mist Collectors
  • HEPA Filters
  • Cartridge Collectors & Filters
  • Baghouse Filters
Industrial Air Filtration End-use Outlook (Revenue, USD Million, 2014 - 2025)
  • Cement
  • Food
  • Metals
  • Power
  • Pharmaceuticals
  • Agriculture
  • Woodworking and Paper & Pulp
  • Plastic
  • Others
Industrial Air Filtration Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Turkey
    • Sweden
    • Spain
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

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

Parking Sensors Market Is Estimated To Uplift USD 9,782.9 Million By 2020

San Francisco, 28 Dec 2018 - “Parking Sensors Market Analysis By Technology (Ultrasonic, Electromagnetic) And Segment Forecasts To 2020” The global parking sensors market is expected to reach USD 9,782.9 million by 2020, according to a new study by Grand View Research, Inc. Parking sensors prevent physical damage to the vehicle by alerting the driver when the automotive approaches an obstacle. Furthermore, they help prevent potential injury to pedestrians. These features are particularly useful in light of reducing parking spaces and changing dimensions of the average car, thus acting as a key driver for industry growth.

Parking sensors employing ultrasonic technology accounted for 65.1% of the overall market share in 2012. Electromagnetic parking sensors are expected to grow faster than the global average at a CAGR of 19.3% from 2013 to 2020. Installation by original equipment manufacturers (OEM) accounted for 80.7% of the market in 2012. The price range for these installations is much higher as compared to their aftermarket counterparts, thereby contributing largely to revenue.

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Further Key findings from the study suggest:
  • The global parking sensors market was estimated to be valued at USD 2,546 million in 2012, and is expected to grow at a CAGR of 18.4% from 2013 to 2020.
  • Ultrasonic parking sensors are expected to continue dominating the global market over the forecast period. However, electromagnetic technology is expected to be a fast growing segment, primarily because it helps combat issues such as presence of visible parts on the vehicle’s bumper. Additionally, electromagnetic sensors are self diagnostic and are equipped with a maintenance system. Preservation of the aesthetic appearance of the automotive coupled with superior design in the form of a transceiver adhesive strip is expected to be the chief driver for this segment.
  • Aftermarket parking sensors are cost effective as compared to those installed by the OEM, since the latter are made specific to the make and model of the vehicle. OEM installed parking sensors ensure superior construction and fitment, as a result of which they are expected to contribute to majority of the global industry revenue in the coming years.
  • North America accounted for 38.5% of the global market share in 2012, and is expected to continue being the largest regional segment over the forecast period. Initiatives by regulatory authorities in the region are expected to be the key driving force for regional market growth. Asia Pacific is expected to be the fastest growing region, with an estimated CAGR of 20.1% from 2013 to 2020.
  • Companies operating in the market include parking sensor manufacturers as well as OEMs. Major automotive companies offer parking sensor systems, with optional LCD displays that show the distance between the vehicle and obstacle. Industry participants offer Advanced Driver Assistance Systems (ADAS), in order for the driver to make an informed decision. Key players in the market include Continental AG, Freescale Semiconductor Ltd., Robert Bosch GmbH, Texas Instruments Inc., BMW, Audi and Volkswagen among others.
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Grand View Research has segmented the parking sensors market on the basis of technology, installation and regional markets:
  
Parking Sensors Technology Outlook (Revenue in USD Million, 2012 - 2020)         
  • Ultrasonic       
  • Electromagnetic         
Parking Sensors Installation Outlook (Revenue in USD Million, 2012 - 2020)                       
  • OEM  
  • Aftermarket    
Parking Sensors Regional Outlook (Revenue in USD Million, 2012 - 2020)              
  • North America       
    • North America Parking Sensors Market by Technology
      • Ultrasonic
      • Electromagnetic
    • North America Parking Sensors Market by Installation
      • OEM
      • Aftermarket
    • Europe          
      • Europe Parking Sensors Market by Technology
        • Ultrasonic
        • Electromagnetic
      • Europe Parking Sensors Market by Installation
        • OEM
        • Aftermarket
      • Asia Pacific
        • Asia Pacific Parking Sensors Market by Technology
          • Ultrasonic
          • Electromagnetic
        • Asia Pacific Parking Sensors Market by Installation
          • OEM
          • Aftermarket
        • RoW
          • RoW Parking Sensors Market by Technology
            • Ultrasonic
            • Electromagnetic
          • RoW Parking Sensors Market by Installation
            • OEM
            • Aftermarket

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

Laser Processing Market Size Worth $23 Billion By 2025 | Key Industry Players Trumpf, Han's Laser Technology Industry Group Co.

San Francisco, 27 Dec 2018 – “Laser Processing Market Analysis By Product (Gas, Solid-state, Fiber), By Process (Material Processing, Marking, Micro-Processing), By Application (Automotive, Aerospace, Medical), And Segment Forecasts, 2018 - 2025” The global laser processing market is expected to reach USD 23 billion by 2025, according to a new report by Grand View Research, Inc. The rising utilization of expensive laser-drilling technique for oil & gas exploration purposes is projected to substitute the traditional techniques. Decreasing drilling costs are anticipated to increase the feasibility of uneconomic oil deposits; thus, positively impacting market growth. The growing need for this type of processing, in industrial solar modules, is further expected to fuel the laser processing market growth.

The requirement for laser technology in the medical sector is projected to witness a significant growth, owing to the increasing technological advancements. These technical developments offer faster recovery time, smaller incisions, and lesser pain. The increasing adoption of these methodologies is expected to spur the demand for surgical lasers. Advancements, leading to enhanced edge quality & cutting speeds, are anticipated to offer higher avenues to the laser processing market.

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

Further key findings from the report suggest:
  • Fiber lasers are projected to exhibit a significant growth with a CAGR exceeding 10.0% from 2016 to 2025, as they are widely used across several end-use industries and are highly cost-effective, compared to the other products
  • The material processing segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding 9%, which can be accredited to the ability of lasers to perform high-speed & accurate industrial processes
  • The Asia Pacific region emerged as the fastest-growing region and is expected to witness a CAGR of over 10%, owing to the rising number of OEMs in this region
  • The key purveyors of this industry are Trumpf, Han’s Laser Technology Industry Group Co., Ltd., Amada Co., Ltd., and Rofin-Sinar Technologies, Inc., among others. Industry participants focus on technology advancements and innovation to capture market share.
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Grand View Research has segmented the global laser processing market based on product, process, application, and region:

Laser Processing Product Outlook (Revenue, USD Million; 2014 - 2025)
  • Gas Lasers
  • Solid-state Lasers
  • Fiber Lasers
  • Others
Laser Processing Process Outlook (Revenue, USD Million; 2014 - 2025)
  • Material Processing
  • Marking and Engraving
  • Micro-Processing
Laser Processing Application Outlook (Revenue, USD Million; 2014 - 2025)
  • Automotive
  • Aerospace
  • Machine Tools
  • Electronics and Microelectronics
  • Medical
  • Packaging
Laser Processing Regional Outlook (Revenue, USD Million; 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • The Middle East & Africa

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 Size To Reach USD 433.5 Million By 2025 | Leading Companies Are MicroBiome Therapeutics LLC & Seres Therapeutics

San Francisco, 27 Dec 2018 - “Microbiome Therapeutics Market By Type (Fecal Microbial Transplant [FMT], Drugs) By Application (C. difficile, Crohn’s Disease, Inflammatory Bowel Disease [IBD], Diabetes), By Region, And Segment Forecasts, [2018 – 2025]”, According to a report published by Grand View Research, Inc.; the global microbiome therapeutics market is projected to reach a valuation of around USD 433.5 million by 2025. Increasing spending on research related to the development of biological drugs and governments support can impel market growth over the forecast period (2018 to 2025). Furthermore, strong drug pipeline and growing collaborations among pharmaceutical companies to for drug development can bode well for market expansion in near future.

Factors such as aging, unhealthy lifestyle, and frequent and long-term use of antibiotics can reduce the number of beneficial microorganisms in the human body. Many researchers state that change in the number of microorganism such as actinobacteria, bacteroidetes, and firmicute responsible can lead to diabetes, neurological disorders, gastrointestinal complaints, and arthritis among other health conditions.

Access Full Insights On Microbiome Therapeutics Market: www.grandviewresearch.com/industry-analysis/microbiome-therapeutics-market

High occurrence of diseases owing to dysbiosis of microbiota in the gut can drive growth of the market for microbiome therapeutics. Gut microbiome is linked with healthiness of an individual, and low level of gut microbiota can lead to fatal infectious diseases and organisms like ulcerative colitis and Clostridium difficile (C. difficile). People undergoing antibiotic treatment are at high risk of C. difficile infection during the treatment or the following moths of the treatment.

The worldwide microbiome therapeutics market can be segmented on the basis of type, application, and region. As per type, the market can be bifurcated into Fecal Microbial Therapy (FMT) and microbiome drugs. The FMT segment led the market in 2015. Introduction of FMT capsules coupled with growth in research activities carried out to discover more therapeutic applications of FMT are expected to drive the segment growth. The microbiome drugs segment is likely to display remunerative growth during the forecast period. This can be ascribed to existence of strong product pipeline with more than 27% drugs in phase 2. SER-109, NM504, SGM-1019, and RP-G28 are expected to be some of the high revenue generating drugs.

Based on application, the market for microbiome therapeutics can be categorized into diabetes, Crohn’s disease, C. difficile, Inflammatory Bowel Disease (IBD), and others. The C. difficile led with over 40.0% market share in 2015 on account of approval of FMT in the treatment of C. The Crohn’s disease segment is projected to display rapid growth in the forthcoming years. Over 20% of pipeline drugs are intended for the treatment of Crohn’s disease. Other applications such as lactose intolerance treatment are likely to register promising growth during the study period. Commercialization of drugs including RP-G28 after 2019 is anticipated to bode well for the growth.

Geographically, the market can be divided into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. North America led the market in 2015 on account of well-established healthcare infrastructure, high research activities, and presence of pharmaceutical companies. In addition, increasing healthcare spending and presence of health-conscious population are considered as crucial factors responsible for regional growth. Europe was the second-largest region after North America with difference of just 9.0% in the market share.

Asia Pacific, on the other hand, is likely to expand a CAGR of over 49% during the forecast period. This growth can be attributed to increasing biological research efforts in national institutes, rising awareness about novel therapeutics among physicians, and improving economic conditions. In addition, growing practice of FMT in emerging countries such as China and India are likely to spur the regional growth.

Some of the leading companies operating in the microbiome therapeutics market include Second Genome, Inc.; Rebiotix, Inc.; ENTEROME Bioscience; MicroBiome Therapeutics; and Ritter Pharmaceuticals. Companies are investing heavily in new product development and strategic initiatives like venture capital investments. This is likely to create growth avenues in developed and emerging countries.

Market participants are also putting efforts to discover drug molecules with more than one application to gain higher market share. For instance, RP-G28 by Ritter Pharmaceutical is under clinical trials for lactose intolerance. It is also examined for Irritable Bowel Syndrome (IBS), ulcerative colitis, and Crohn’s disease.

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Grand View Research has segmented the microbiome therapeutics market on the basis of type and application:

Type Outlook (Market Revenue in USD Million, 2014 - 2025)
  • FMT
  • Microbiome Drugs
Application Outlook (Market Revenue in USD Million, 2014 - 2025)
  • C. difficile
  • Crohn’s disease
  • Inflammatory Bowel Disease
  • Diabetes
  • Others
Regional Outlook (Market Revenue in USD Million, 2014 - 2025)
  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa

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

Medical Disposables Market To Reach $329.9 Billion By 2024 | Key Industry participants 3M, Johnson & Johnson Services, Inc.

San Francisco, 27 Dec 2018 – “Medical Disposables Market Revenue Analysis, Volume, Total Revenue Growth by Product (Wound Management, Drug Delivery, Diagnostic and Laboratory, Dialysis, Incontinence, Respiratory Supplies, Sterilization, Nonwoven), by Raw Material, and by End Use, By Region Segment Forecasts to 2024”,  According to a report published by Grand View Research, Inc.; the global medical disposables market is projected to reach around USD 329.9 billion by 2024. Increasing occurrence of chronic diseases, rise in elderly population, and demand for improved healthcare facilities can drive the market during the forecast period (2013 to 2024). Additionally, rising awareness about infection control standards among individuals is expected to fuel the growth.

Governments and healthcare professionals across the world focus on reducing the risk of infection and the cross-contamination. Increasing practice of single-use disposable products to avoid cross-contamination and infection in healthcare settings can have positive impact on the market. Medical disposable products find applications in surgeries, wound care management, and others. This factor is anticipated to further fuel market growth in the forthcoming years.

Access In-depth Insights On Medical Disposals Marketwww.grandviewresearch.com/industry-analysis/medical-disposables-market

Moreover, growth in number of patient admissions in hospitals coupled with government regulations to enhance the facilities to ensure better patient care is also expected to support the market growth. Medical disposables reduce sterilization and disinfection costs. Therefore, many healthcare professionals as well as patients prefer disposable supplies for infection control. Demand for minimally invasive surgeries is also driving demand for disposable needles and drug delivery devices, which, in turn is projected to boost market expansion.
The worldwide medical disposables market can be segmented on the basis of type, raw material, end-use, and region. Based on type, the market can be categorized into drug delivery products, wound management products, diagnostic and laboratory disposables, incontinence products, dialysis disposables, respiratory supplies, nonwoven disposables, sterilization supplies, and others. The drug delivery segment accounted for the largest market share in terms of revenue in 2015. Growing applications of disposable needles, prefilled syringes, and thermal patches can drive the segment growth.
Wound management products was the second leading segment in 2015. Growing incidence of wound infections and availability of disposable wound management products are supporting the segment growth. The diagnostic and laboratory disposables is anticipated to be the second fastest growing segment due to increasing demand for accurate diagnostic techniques. These products are used to improve the accuracy of test results.

As per raw material, the market for medical disposables can be classified into metals, rubber, plastic resins, glass, nonwoven material, paper and paperboard, and others. In 2015, the plastic resins segment held for the largest market share in terms of revenue. Different types of plastics including polystyrene, polypropylene, and polyvinyl chloride are widely accepted in the making of medical disposables. The nonwoven material segment is anticipated to rise at a fastest CAGR over the forecast period. Products manufactured using these materials provide hygiene as well as protection to healthcare specialist and patients. Based on end-use, the market can be categorized into hospitals, outpatient/primary care facilities, home healthcare, and others.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and Latin America. North America held the largest market share of 35.0% in 2015 and is likely to continue its dominance during the forecast period. Factors such as high adoption of technology and availability of advanced healthcare infrastructure are driving the regional growth. In addition, high consciousness about consequences of cross-contamination and rising infection control efforts in healthcare settings are considered as crucial driving factors. Europe was the second largest regional segment with a market share of over 28.0% in 2015, accredited to increasing healthcare expenditure in developed countries such as Italy, France, and Germany.

Asia Pacific is poised to witness remunerative growth over the projected period. The region is anticipated to expand at a CAGR of over 7% during the forecast period. This can be attributed to the existence of numerous companies involved in development of medical disposable products in India and Japan. Additionally, high incidence of chronic disorders owing to rise in sedentary lifestyles is also expected to drive the regional growth.

Some of the prominent companies operating in the global medical disposables market include Johnson & Johnson Services, Inc.; Medline Industries, Inc.; Dickinson & Company; Smith and Nephew; and B. Braun Melsungen AG.

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Grand View Research has segmented the medical disposables market by product, raw material, end use, and region:

Type Outlook (Market revenue in USD Million, 2014 - 2024)
  • Wound Management Products
  • Drug Delivery Products
  • Diagnostic and Laboratory Disposables
  • Dialysis Disposables
  • Incontinence Products
  • Respiratory Supplies
  • Sterilization Supplies
  • Nonwoven Disposables
  • Others
Raw Material Outlook (Market revenue in USD Million, 2014 - 2024)
  • Plastic Resins
  • Nonwoven Material
  • Rubber
  • Paper and Paperboard
  • Metals
  • Glass
  • Others
End Use Outlook (Market revenue in USD Million, 2014 - 2024)
  • Hospitals
  • Home Healthcare
  • Outpatient/Primary care Facilities
  • Others
Regional Outlook (Market Revenue in USD Million, 2014 - 2024)
  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • South Africa

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

Offshore Lubricants Market To Reach $428.8 Million By 2022 | Key Industry Players Total S.A., Royal Dutch Shell

San Francisco, 27 Dec 2018 - “Offshore Lubricants Market Analysis, By Application (Engine Oil, Hydraulic Oil, Gear Oil, Grease), By End-Use (Offshore Rigs, FPSOs, OSVs) and Segment Forecasts To 2022” The global offshore lubricants market is expected to reach USD 428.8 million by 2022, according to a new report by Grand View Research, Inc. Increasing deep sea exploration is expected to remain a key driving factor for global offshore lubricants market. Stringent regulations regarding threat to aquatic life on account of unregulated disposal of marine lubricants coupled with volatile petrochemicals pricing have led industry participants to develop bio-based alternatives. This trend is crucial in determining company’s product portfolio, thereby a vital determinant for market competition. 

Engine oil was the leading application segment with demand share exceeding 70% in 2014. Increasing maritime traffic coupled with rising requirement for offshore vessels is expected to drive this segment over the forecast period. Grease is expected to witness the highest growth of 3.3% from 2015 to 2022. 

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

Further key findings from the report suggest:
  • Global offshore lubricants market demand was 98.8 kilo tons in 2014 and is expected to grow at a CAGR of 2.7% from 2015 to 2022.
  • Offshore support vessels (OSVs) were the leading end-users for offshore lubricants and accounted for 57.0% of total market volume in 2014. Increasing deepwater exploration, OSVs along with other offshore support systems is expected to drive lubricants demand in OSVs. FPSOs are expected to witness significant gain in its market size on account of their increasing adoption for deepwater exploration and production.
  • Asia Pacific was the largest consumer and accounted for over 27% of total market volume in 2014. The region is characterized by increasing offshore projects in Arabian Sea and South China Sea. Economic growth in Asia Pacific facilitated for greater maritime trade thereby increasing sea traffic.
  • Increasing offshore oil & gas production along Gulf of Mexico is expected to drive North America growth. The region is bound by U.S. EPA regulations regarding marine lubricants usage. EPA has established VGP (vessel general permit) guidelines for lubricants used in vessels operating within the U.S. maritime boundary.
  • Top four companies including ExxonMobil Corp., Chevron, Royal Dutch Shell and Castrol, accounted for over 45% of global offshore lubricants market in 2014. The industry is characterized by high degree of competition by integrated multinational companies. Major oil & gas companies have presence across the value chain, thereby intensifying competition. 
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Grand View Research has segmented the global offshore lubricants market on the basis of application, end-use and region:
Offshore Lubricants Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Engine Oil
  • Hydraulic Oil
  • Gear Oil
  • Grease
  • Others
Offshore Lubricants End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • Offshore Rigs
  • FPSOs (Floating, Production, Storage & Offloading Vessels)
  • OSVs (Offshore Support Vessels)
Offshore Lubricants Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • ROW

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

mHealth Apps Market Is Projected To Reach $236.0 Billion By 2026

The global  mHealth apps market  size is expected to reach USD 236.0 billion by 2026, according to a new report by Grand View Research, In...