Automotive Metals Market Would Be A $129.33 Billion By 2025: Grand View Research, Inc.

The global Automotive Metals Market is expected to reach USD 129.33 billion by 2025, at a growing of 4.4%, according to a new report by Grand View Research, Inc. The global vehicle demand was 78.2 million units in 2011 and increased to 93.9 million units in 2016. Increasing demand for vehicles worldwide has led to increase in the production of vehicles, thereby propelling the demand for automotive metals.



Regulatory policies have led to increased focus towards the production of lightweight and fuel efficient cars which are anticipated to have a positive impact on the demand for aluminum, magnesium, high strength steel, and advanced high strength steel. Aluminum is the second majorly used metals in the automotive industry. It is used to manufacture engine radiators, wheels, bumpers, suspension parts, engine cylinder blocks, transmission bodies, hood, doors, and frame of the vehicles.

The automotive metals market is expected to witness restrained growth due to the high cost of certain metals including magnesium & aluminum and increasing use of plastics as replacement of metals in certain automotive components. Some of the majorly used plastics in automotive industry are polypropylene, polyurethane, polyamide, acrylonitrile butadiene styrene, and poly vinyl chloride while polyethylene and PMMA are expected to witness the fastest growth in the demand over the next eight years.

Access Full Research Report On Automotive Metals Market:
http://www.grandviewresearch.com/industry-analysis/automotive-metal-market

Further key findings from the report suggest:
  • Aluminum is expected to witness a significant growth of 6.1%, in terms of revenue, from 2017 to 2025 on account of its superior properties and lightweight as compared to other metals
  • Power train is expected to witness sluggish growth of 2.5%, in terms of volume, from 2017 to 2025 on account of growing utilization of plastic & composite materials in this application
  • Heavy commercial vehicles are anticipated to witness a CAGR of 1.0%, in terms of volume, from 2017 to 2025 on account of declining production of these vehicles globally
  • The declining sales of vehicles and overstocking of components by the distributors has led to a sluggish growth of the market in Middle East & Africa. However, the region is expected to witness growth over the coming years as companies are focusing on the untapped areas such as car components.
  • In November 2016, ArcelorMittal launched three new products for automotive application including ductibor 1000, usibor 2000, and martlnsite 1700
  • In February 2017, Tata Steel signed definitive agreement with Liberty House Group for the sale of its specialty steel business


Grand View Research has segmented the global automotive metals market on the basis of product, application, end-use, and region:

Automotive Metals Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • Aluminum
  • Steel
  • Magnesium
  • Others
Automotive Metals Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • Body structure
  • Power train
  • Suspension
  • Others
Automotive Metals End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • Passenger cars
  • Light commercial vehicles
  • Heavy commercial vehicles
Automotive Metals Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • North America
    • US.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • 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

Industrial Insulation Market is Poised To Reach $19.45 Billion By 2025 With CAGR: 6.0%: Grand View Research, Inc.

The global Industrial Insulation Market is slated to reach USD 19.45 billion by 2025, growing at a CAGR of 6.0%, as per a new report published by Grand View Research, Inc. Adequate insulation and thermal mass provide an energy-efficient and economical design to industrial equipment and construction, nullifying the need for a heating system and curbing the operating costs. Manufacturers are striving to provide materials that improve the life cycle and thereby the efficiency of a product.



Foamed plastics are widely used to prevent heating and cooling losses, thus improving the overall energy efficiency of equipment used in end-use industries. Rising energy prices coupled with the growing importance of energy-efficient industrial infrastructure are slated to be major driving factors.

Blowing agents such as phenolic & PU foams contain ozone-depleting substances, such as hydro fluorocarbons (HFC), carbon dioxide, and pentane, which are greenhouse gasses known to pose serious threats to the environment. Stringent regulations by REACH to reduce the use of these toxic substances in insulation materials are expected to pose challenges towards the market growth.

The market is considered to be capital-intensive due to which entering and sustaining it requires a considerable amount of time, resources, and planning.  Achieving economies of scale remains the top priority for the industry players.

Access Full Research Report on Industrial Insulation Market: 

Further Key Findings from the Study Suggest:
  • Foamed Plastic is expected to witness a high growth and penetration rate, owing to its high compressive strength, and superior moisture resistance
  • Glass wool is anticipated to emerge as the second largest product segment
  • Glass wool encompasses various features such as easy installation, low moisture absorption, ability to hold up the original shape despite the surrounding high temperatures and good recovery from packaged compression
  • Petrochemical & Refineries application segment is expected to account for 37.8% of demand in 2025 and is likely to emerge as the largest as well as fastest application segment
  • Europe is expected to be the largest growing region in the global industrial insulation market
  • Strict insulation codes and laws effectuated by the European regulatory authorities have increased the awareness about rising energy costs and the need for energy efficiency.
  • The major business players in the market include Rockwool Technical Insulation, Paroc, Knauf Gips KG, TechnoNICOL Corporation, etc.
Grand View Research has segmented the global industrial insulation market on the basis of product and application:

Industrial Insulation Product Outlook (Volume, Million square meters; Revenue, USD Million, 2014 - 2025)
  • Stone wool
  • Glass wool
  • CMS Fibers
  • Calcium silicate
  • Cellular Glass
  • Foamed Plastic
  • Elastomeric Foam
  • Perlite
  • Aerogel
  • Micro Silica
  • Others
Industrial Insulation Application Outlook (Volume, Million square meters; Revenue, USD Million, 2014 - 2025)
  • Power Generation
  • Petrochemical & Refineries
  • EIP Industries
  • LNG/LPG
  • Others
Industrial Insulation Regional Outlook (Million square meters, USD Million, 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Poland
    • Spain
    • Italy
    • Benelux
    • Nordic
    • CIS
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Vietnam
  • Latin America
    • Mexico
    • Colombia
    • Argentina
    • Brazil
  • Middle East & Africa (MEA)
    • GCC
    • Turkey

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

Cross Laminated Timber Market Revenue is To be $2.07 Billion By 2025: Grand View Research, Inc.

The global Cross Laminated Timber Market is expected to be valued at USD 2.07 billion by 2025, according to a new report by Grand View Research, Inc. Rising awareness about the environmental hazards caused by the use of cement concrete in infrastructure construction coupled with rising number of cross laminated timber manufacturers and increasing demand for green homes are factors propelling the market growth.


The shift from concrete-based construction to wood-based construction along with supportive government initiatives around the world are positively influencing the market. In addition, decreasing overall cost of CLT construction owing to the increasing number of suppliers and shorter construction time is responsible for rise in demand.

The demand for wooden residential buildings, such as single-family homes and multifamily apartments, is increasing due to their aesthetic appeal and design flexibility. The improved fire resistance quality and earthquake-proof offered by cross laminated timber structure are expected to augment the market growth over the forecast period.

Institutional and commercial segments are expected to collectively account for 46.9% of the global market in 2025. The demand for these segments is attributed to low cost of construction and easy maintenance of cross laminated timber structures. Innovations in building and designing technologies are projected to boost the demand for cross laminated timber products over the forecast period.

Europe is the leading region owing to the early adoption of cross laminated timber and research & development on CLT technologies by countries such as Austria and Germany. The availability of timber from the forests of central European countries and advanced timber processing industries are the leading cause for market growth in the region. Countries like Canada, the U.S., New Zealand, Japan, and China in the North American and Asia Pacific regions are also rapidly developing markets for cross laminated timber.

Access Full Research Report on Cross Laminated Timber Market: http://www.grandviewresearch.com/industry-analysis/cross-laminated-timber-market

Further key findings from the report suggest
  • In terms of volume, the market is expected to grow at a CAGR of 15.1% from 2017 to 2025 on account of increasing awareness about sustainable housing. Residential segment is expected to witness the fastest growth rate of 15.4%, in terms of revenue, from 2017 to 2025 owing to high product demand in developed countries.
  • North America was valued at USD 65 million in 2016 and is expected to witness significant development on account of rising demand from educational institutions and residential builders
  • Key participants include Stora Enso, Mayr-Melnhof Holz, Binderholz, XLam Ltd., Sterling Lumber, Schilliger Holz AG, KLH Massivholz GmbH, B & K Structures, Eugen Decker Holzindustrie KG, Structurlam, SmartLam, and Meiken Lamwood Corp. These companies are focused on increasing their production capacity to fulfill the worldwide massive product demand.
  • In 2016, Stora Enso invested approximately USD 900 million to setup a plant in Guanxi, China, to strengthen its presence in the Asia Pacific region
Grand View Research has segmented the cross laminated timber market on the basis of product and region:

Cross Laminated Timber Product Outlook (Revenue, USD Million; 2014 - 2025)
  • Adhesive Bonded
  • Mechanically Fastened
Cross Laminated Timber Regional Outlook (Revenue, USD Million; 2014 - 2025)
  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Austria
    • Germany
    • Switzerland
    • Italy
    • Rest of Europe
  • Asia Pacific
    • New Zealand
    • China
    • Japan
    • Rest of Asia Pacific
  • South & Central America
  • The 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

Advanced Phase Change Material Market is on Huge Boom Owing To Growing need to conserve energy across various industries

The global Advanced Phase Change Material Market is expected to reach USD 1,765.8 million by 2020, according to a new study by Grand View Research, Inc. Growing need to conserve energy across various industries and sector is expected to be one of the major driving factors for the market. In addition, stringent regulations imposed on various industries to reduce greenhouse gases emission has also helped in developing the market for advanced phase change material. Consumption of APCM is expected to reduce the overall demand for energy by up to 50% by 2050. However, their high price compared to other insulating materials owing to lack of awareness among the consumers in under developed countries is expected to hinder market growth over the forecast period.

Paraffin APCM material emerged as the leading product and accounted for over half of total market revenue in 2012. Paraffin has high heat storing capacity and are also stable in nature owing to which they are expected to witness significant growth over the forecast period. However, bio-based APCM is expected to be the fastest growing product at an estimated CAGR of 22.5% from 2014 to 2020. Increased preference towards environmental friendly materials mainly in North America and Europe is expected to drive the market for bio-based APCM over the next six years.

Browse Full Report on Advanced Phase Change Material Market:

Further key findings from the study suggest:
  • Building and construction emerged as the leading application market for APCM and accounted for 25% of total revenue in 2013. Growth of construction industry, mainly in China, India and Brazil is expected to drive the overall market for APCM in this industry. Building and construction along with being the largest market is also expected to be the fastest growing application market for APCM, at an estimated CAGR of 22.7% over the next six years.
  • Application of APCM in energy storage is also expected to gain significant market over the next six years, with global revenue expected to exceed USD 250 million by 2020 at an estimated CAGR of 21.3% from 2014 to 2020.
  • Europe was the largest regional market for APCM and accounted for just over one third of global revenue in 2013. Growing need to conserve energy coupled with stringent regulations to reduce/minimize emission of harmful gases has contributed to the growth of this market. Along with being the largest market, Europe is also expected to be the fastest growing market for APCM, at an estimated CAGR of 21.4% from 2014 to 2020.
  • Some of the major companies operating in the global market for advanced phase change material include Advansa B.V., BASF, Cyropak, Climator Sweden AB, Dow Building Solution, E.I. du Pont de Nemours & Company, Honeywell International, Phase Change Products Pty Ltd., Rubitherm Technologies GmbH and Salca BV.

For the purpose of this study, Grand View Research has segmented the global advanced phase change material market on the basis of product, application and region:
Advanced Phase Change Material Product Outlook, (Revenue, USD Million, 2012 - 2020)
  • Paraffin PCM
  • Salt Hydrate PCM
  • Other PCM
Advanced Phase Change Material Application Outlook, (Revenue, USD Million, 2012 - 2020)
  • HVAC
  • Energy Storage
  • Building & Construction
  • Refrigeration
  • Shipping & Transportation
  • Other
Advanced Phase Change Material Regional Outlook, (Revenue, USD Million, 2012 - 2020)
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World 

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

Aptamers Market is Estimated To Touch $8.91 Billion By 2025: Grand View Research, Inc.

The global Aptamers Market is expected to reach USD 8.91 billion by 2025 according to a new report by Grand View Research, Inc. Advancements in aptamer development technologies, increasing R&D, and rising number of companies investing in this market are some of the key driving factors responsible for the growth of this market.


Numerous advantages offered by these small molecules in comparison to established antibodies have also led to higher demand for these molecules across a diverse range of medical applications. They are chemically synthesized, which eliminates batch-to-batch variation and demands less time for development. Along with this, continuous advancement in technologies is expected to stimulate growth. Integrated DNA Technologies, Inc. introduced a next-generation product, Ultramers that contain aptamer template length up to 200 bases. According to the company, this new product will be apt for biotechnology applications such as gene and clone construction. Thus, new developments in this field are expected to boost usage of these products in different application areas, thereby driving market growth.

Furthermore, growing incidence of life-threatening diseases such as cancer has directed many companies to introduce new & effective detection assays based on aptamer therapy. In March 2017, Aptamer Sciences, Inc. unveiled multiprotein biomarker assay by using this technology for the detection of lung cancer. This kit is designed for early detection and diagnosis of non-small cell lung cancer by identifying a suitable biomarker. Such types of new product launches are expected to trigger the acceptance of these therapies, leading to market growth to a great extent. In addition, increasing number of small-scale startups, government organizations, rising number of products under clinical investigation, and growing number of academic research laboratories investigating the potential of aptamers are anticipated to support future growth of this market.

In contrast, many aptamers have failed to meet the requisite safety and efficacy standards in clinical studies. Thus, companies have to terminate the clinical investigation during late-stage clinical studies. This factor is likely to affect growth of this market negatively. In addition, other factors such as low awareness about these technologies in middle- & low-income countries and inadequate regulatory structure may hamper the overall growth.

Access Full Research Report on Aptamers Market: http://www.grandviewresearch.com/industry-analysis/aptamers-industry

Further Key Findings from the Report Suggest:
  • The nucleic acid aptamer segment held majority of the revenue share in 2016 due to rise in demand for nucleic acid-based diagnostic kits and therapeutics across the globe
  • Diagnostics application dominated the application segment in 2016 due to introduction of novel diagnostic kits by key players
  • Developed regions such as North America and Europe dominated the global market due to growing demand for aptamer therapeutics coupled with rise in number of research laboratories
  • Some of the key players include Aptamer Group; Aptamer Sciences, Inc.; Aptagen, LLC; Base Pair Biotechnologies, Inc.; Ophthotech Corporation; and others
Grand View Research has segmented the aptamers market on the basis of types, application, and region:

Aptamers Types Outlook (Revenue, USD Million, 2014 - 2025)
  • Nucleic Acid
  • Peptide
Aptamers Application Outlook (Revenue, USD Million, 2014 - 2025)
  • Diagnostics
  • Therapeutics
  • Research and Developments
  • Others
Aptamers Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • 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

U.S. Argan Oil Market Value is To Be $1.08 Billion By 2025 | CAGR: 24.5%: Grand View Research, Inc.

The U.S. Argan Oil Market is expected to reach USD 1.08 billion by 2025, according to a new report by Grand View Research, Inc. Argan oil is a developing industry in the U.S. which is gaining importance on account of its high-performance ingredients. Growing disposable income, demand for branded luxury cosmetics, and preference for organic ingredients is anticipated to augment growth.


Medical is expected to emerge as a significant application segment in the coming years owing to argan oil potential for curing serious diseases such as cancer and arthritis. Unfavorable raw material trends are expected to hinder global industry growth on account of continuously increasing population in Morocco coupled with stable production. The government is making efforts to expand the cultivation. Israel, Mexico, and Algeria have initiated in argan crop cultivation to meet Morocco’s argan oil demand.

The widening of distribution channels has made these products readily available to the consumer. Ongoing R&D investments and technological advancements in the area of processing ingredients have been the key factors responsible for driving industry growth over the past few years.

Product integration is the key strategy adopted by competitors in this market. This market has limited supply of raw materials hence provoking a price war among competitors. Argan oil draws its demand from cosmetics, food, and medical industry. The cosmetics segment accounted for the largest market share in 2015. Argan oil is also gaining acceptance in the food industry, where it is used for seasoning salad and as cooking oil in high-end restaurants in the U.S.

Access Full Research Report on U.S. Argan Oil Market: http://www.grandviewresearch.com/industry-analysis/us-argan-oil-market

Further key findings from the report suggest:
  • The cosmetic segment accounted for 40.9% of market volume in 2016 and is projected to reach a market valuation of USD 432.2 million by 2025
  • Argan oil is extensively used in moisturizers, anti-aging creams, sun protection lotions, and a wide range of hair treatment products
  • The medical segment is expected to witness highest growth rate from 2017 to 2025
  • Argan extracts help accelerate wound healing process, lower cholesterol levels, improve digestion, protect the liver, manage diabetes, reduce inflammation, and boost heart health
  • Key companies such as Brenntag Specialties, Moroccanoil. Inc., Josie Maran Cosmetic, and W.S. Badger Company, Inc. are involved in production and distribution services
  • These companies have a dominant presence in the value chain due to their strong product portfolio catering to a large number of applications and extensive regional presence
  • Distributors are also engaged in taking up private label contracts to meet specific packaging & branding requirements of their clients
Grand View Research has segmented the U.S. argan oil market on the basis of application:

Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
  • Cosmetic
  • Food
  • Medical
Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)
  • U.S.

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

Europe Wood Based Panel Market is Projected To Grow $28.03 Billion By 2025: Grand View Research, Inc.

The Europe Wood Based Panel Market is expected to reach USD 28.03 billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for lightweight, high strength, and sturdy materials for packaging applications is expected to propel growth.

The region is one of the largest and the strictest markets for conventional and sustainable timber products as it is governed by several stringent rules and regulations. The market witnessed high demand-supply gap during the economic downfall in the region, which impacted the revenues of suppliers. However, economic recovery in the region, which further is driving the construction and packaging sector growth is expected to propel product demand over the projected period.

Germany Wood Based Panel Market in Construction, by application, 2014 - 2025
The industry has several major players with high production capacities and strong foothold. These players are expected to undergo consolidations in order to strengthen their presence in the domestic as well international markets.

High production capacities, wide product portfolio, lack of product innovations and relatively slower growth of the application industries in the region are expected to increase rivalry. However, increasing demand for innovative products, particularly in decorative applications, is expected to open new avenues for the players.


Further key findings from the report suggest:
  • The demand for the product in the region is primarily driven by furniture application segment and is expected to grow at a CAGR of 5.2% in terms of revenue from 2017 to 2025. Growing demand for wooden material to replace plastic and glass furniture is likely to drive growth
  • Particleboard dominated the industry, accounting for 47.1% of the overall demand owing to its uniform structure, low cost and wide application scope in the construction application. Furthermore, rising product demand for manufacturing flooring and bathrooms & kitchen units is expected to have a positive impact on the industry
  • High competition in the industry owing to the presence of major players with sufficient production capacities compel manufacturers to lower product pricing in order to tap the consumer demand. Furthermore, rising raw material prices are expected to hamper profit margins for the producers over the forecast period
  • Germany was the largest market for the product in 2016, accounting for 13.4% of the overall demand owing high product consumption for furniture and decorative applications. Government initiatives to improve construction sector coupled with rising consumer disposable income in the region are likely to fuel growth
  • In Europe, the Netherlands is expected to be the fastest growing market over the projected period in terms of volume followed by Spain owing to the significant growth of the construction and packaging sector in these regions
  • The industry is characterized by the presence of significant number of manufacturers with few of them integrated across the value chain to manufacture raw materials. Regional expansion, mergers and innovations are expected to be the leading strategies for players to bolster their presence in the industry
  • In Europe, wood based panel fall under the ‘EN 13986 harmonized European regulations’ and The Engineered Wood Association in Europe describes the regulations associated with the individual type of wood-based panels including plywood, oriental standard boards (OSB), and fiberboards
  • The major players include ante-Group, ARAUCO, Canfor, KLAUSNER-GROUP, KlenkHolz AG, Georgia-Pacific, Kronospan Worldwide and Idaho Forest Group, LLC

Grand View Research has segmented the Europe wood based panel market on the basis of product, application and region:

Product Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2014 - 2025)
  • MDF
    • Standard MDF
    • Think MDF
  • HDF
  • Particleboard
  • OSB
  • Softboard
  • Hardboard
  • Plywood
Application Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2014 - 2025)
  • Furniture
  • Construction
    • Windows & Doors
    • Flooring & decking
    • Siding
    • Others
  • Packaging
Regional Outlook (Volume, Thousand Cubic Meters; Revenue, USD Million, 2014 - 2025)
  • Europe
    • Germany
    • France
    • UK
    • Belgium
    • The Netherlands
    • Spain
    • Portugal
    • Rest of Europe 

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...