eHealth Market Is Projected To Reach USD 308.0 Billion By 2022: Grand View Research, Inc.

The Global eHealth Market is expected to reach USD 308.0 billion by 2022, according to a new report by Grand View Research Inc. The transition of the healthcare industry into digital healthcare system for management and analysis of patient health is expected to be the most vital driver of the market.

Increasing prevalence of chronic diseases, and technological advancements in this field are few impact rendering factors. Rising use of mobile technologies and internet along with increasing adoption for home care by patients is expected to propel market growth over the forecast period.

Furthermore, expanding scope of IT companies pertaining to the development of real-time applications and software catering to the healthcare industry is expected to drive demand over the forecast period. Federal agencies such as the European Coordination Committee of the Radiological, Electromedical and Healthcare IT Industry (COCIR), in order to encourage and popularise eHealth, formulated various policies since 2007. One of these is the eHealth Action Plan, formulated in December 2012, which includes 16 proposed actions to boost eHealth use, focused on increasing research, innovation, interoperability and adoption.

The American Health Information Community (AHIC) was chartered in the U.S. to make recommendations leading to the likely development of eHealth to the Secretary of the U.S. Health Department. Based on these recommendations, efforts are being made to increase awareness levels for currently available mobile applications and wearable remote monitoring devices.

The benefits encouraging higher demand include round the clock care service, wider and faster access to patient information, reduction of administrative and medical errors, self monitoring and management by patients and centralization of entire healthcare industry chain.

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

Further key findings from the report suggest:

• The diagnostics segment of eHealth services market is expected to witness the fastest growth of above 15.0% over the next seven years owing to, the increasing number of patients with at least one chronic condition and rising prevalence of infectious diseases. According to the CDC, more than 50% population of the U.S. accounting for about 117 million people suffer from at least one chronic condition requiring routine monitoring.
• The mHealth market is expected to be the largest and the fastest growing accounting for a market share of over 24.0% by 2022. According to statistics published by the American Telemedicine Association (ATA), the number of mHealth patents has increased multi-fold from 2000 to 2015 and over 44 million m-Health applications were downloaded in 2015 within North America.
• North America is expected to dominate the market throughout the forecast period with a revenue share of over 30% by 2022. Presence of technologically updated population base and various current initiatives by the American Health Information Community (AHIC) are expected to be the drivers of this growth.
• Key players of the market include IBM, McKinsey & Co., Motion Computing Inc., Epocrates Inc., Telecare Corp., Proteus Digital Health and Apple. In June 2014, Apple announced the integration of HealthKit platform into the upcoming iPhone operating system (iOS 8) which will provide a complete health overview of a person such as weight, sleep patterns, heart rates measures, blood pressure and calorie intake.

Grand View Research has segmented the Global eHealth market on the basis of products, services and region:

eHealth Service Outlook (Revenue, USD Billion, 2012 - 2022)

• Monitoring Services
  • Vital Sign Monitoring
  • Special Monitoring
  • Adherence Monitoring
  • Accessories
    • Sensors
    • Others
  • Diagnosis Services
  • Healthcare System Strengthening
  • Others

eHealth Type Outlook (Revenue, USD Billion, 2012 - 2022)

• Electronic Health Record (EHR)
• E-Prescribing
• Clinical Decision Support
• Telemedicine
• Consumer Health Informatics
• Health Management
• mHealth
• Healthcare Information System

eHealth End-use Outlook (Revenue, USD Billion, 2012 - 2022)

• Providers
• Public and Private Insurers
• Government
• Healthcare Consumers

eHealth Regional Outlook (Revenue, USD Billion, 2012 - 2022)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
• Asia Pacific
  • Japan
  • China
• Latin America
  • Brazil
• MEA
  • South Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-e-health-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

APAC Metallic Stearate Market Is To Be Of $2.4 Billion By 2025: Grand View Research, Inc.

The Asia Pacific Metallic Stearate Market size is projected to reach USD 2.4 billion by 2025, according to a new report by Grand View Research, Inc. It is estimated to expand at a CAGR of 6.5% over the forecast period. Rapid growth of key application industries, including plastics, rubber, cosmetics, and pharmaceuticals, in the region has resulted in an increased product demand. This trend, most notably in the emerging economies such as Indonesia and Thailand, is expected to drive the market growth in Asia Pacific.

Metallic stearates are produced via a reaction between stearic acid and metal oxides. Stearic acid is primarily obtained from palm kernel oil. Major manufacturers of palm kernel oil have a strong presence in countries such as China, Indonesia, Malaysia, Philippines, and Thailand. Ambient weather conditions and soil characteristics in these countries favor the production of palm kernel oil. Moreover, growing industrialization and government expenditures on infrastructure development in these countries are expected to open new avenues for various end-use industries. This, in turn, is expected to benefit regional growth over the forecast period.

Various PVC applications, such as healthcare packaging, food packaging, bottles, tubes, footwear, flooring, pipes, and toys, require metallic stearates as a stabilizer. Furthermore, they act as a macromolecular binder and help decrease the softening temperature of PVC. Metallic stearates also function as a release agent. This is anticipated to boost the product demand over the coming years. Metallic stearates also function as internal lubricants, which improves compatibility owing to the presence of polar groups.

Indonesia was the largest market for metallic stearates in 2017, and this trend is expected to continue over the forecast period. Robust industrial growth in this country is projected to drive demand for calcium stearate as it is used in building & construction applications as an efflorescence agent. In addition, strong presence of international brands and growing focus of the regional government to expand manufacturing in cosmetics industry are expected to fuel product demand in near future.

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

Further key findings from the report suggest:

• In terms of revenue, the value for zinc stearate in Asia Pacific is anticipated to reach USD 802.7 million by 2025 at a CAGR of 6.3%
• Plastics formed the dominant segment, in terms of revenue, in 2017 with a market share of 31.7%. This growth was due to its ability to enable the processor to produce finished articles with lower friction and smoother surfaces while optimizing production
• The Indonesia metallic stearate market is anticipated to exceed USD 160.7 million by 2025 owing to recent economic growth, which propelled the infrastructure, residential, and commercial building, and automotive sectors in the country
• The market for metallic stearates is highly competitive due to presence of a number of multinational companies with wide product portfolios
• Companies are focusing on adding new products to their portfolio, which are tailored to meet specific requirements. For instance, in 2017, Valtris Specialty Chemicals, Inc. added new product, Synpro Calcium Stearate, to its product portfolio.

Grand View Research has segmented the Asia Pacific metallic stearate market on the basis of product, application, and country:

Asia Pacific Metallic Stearate Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Zinc Stearate
• Calcium Stearate
• Aluminum Stearate
• Magnesium Stearate
• Others

Asia Pacific Metallic Stearate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Plastics
• Rubber
• Pharmaceutical
• Cosmetics
• Building & Construction
• Paints & Coatings
• Others

Asia Pacific Metallic Stearate Country Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Malaysia
• Indonesia
• Thailand
• Philippines
• Vietnam

Browse Press release of this Report: www.grandviewresearch.com/press-release/asia-pacific-metallic-stearate-market-analysis

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

Bioanalytical Testing Services Market Is Poised To Reach $3.0 Billion By 2025: Grand View Research, Inc.

The global Bioanalytical Testing Services Market is anticipated to reach USD 3.0 billion by 2025, according to a new report by Grand View Research, Inc. The performance of market players in bioanalytical testing domain is highly influenced by the level of demand from end-user side. Due to intense market efforts, increasing awareness level, improving accessibility, and government initiatives, consumers, these days, are more concerned about self-care, resulting in higher consumption of pharmaceutical products. 

There is a major price difference observed between conducting analytical tests in-house and outsourcing. A company may lack the required set-up and expertise to perform every possible test in-house. In addition, there are serval no routine activities that are needed to be performed only once. These include registration stability storage & testing, process & facility validation work, cleaning validations, analytical testing using expensive equipment & method development.

The bioanalytical testing services market based on molecule type is bifurcated into small molecule testing and large molecule testing. Small molecule bioanalytical testing held a lucrative share in 2016. Most of the generic and branded drug compounds are of small molecule category. Additionally, with the patent expiration many blockbuster drugs, generic manufacturers are required to conduct and submit bioanalytical testing results. These factors primarily governed the growth of the small molecule drug bioanalytical testing market. On the contrary, large molecule bioanalytical testing services are anticipated to exhibit healthy growth over the forecast period. This can be attributed to a rich pipeline of biologics or amino acid based products.

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

Further Key Findings From the Study Suggest:

• Large molecule bioanalytical testing services are anticipated to exhibit healthy growth over the forecast period. This can be attributed to a rich pipeline of biologics or amino acid based products
• LC-MS studies are vital in bioanalysis of large molecules. They can be used for various methods such as development & validation, preclinical & clinical sample analysis, immunoanalytical solutions, and microfluidic tests for biologics
• In vivo ADME is designed to assess biopharmaceutical characteristic of a drug at preclinical level. Service providers offer customized study on variety of species. QWBA, mass balance, excretion, expired air collection in rodents, metabolite profiling, and radioactivity sample analysis are the key studies offered
• North America dominated the global bioanalytical testing services market in 2016. This can be attributed to the fact that it is one of the top manufacturing hubs of highly reliable, complex, and high-end pharmaceuticals
• Some of the key players in this market include PPD, ICON plc., Covance Inc., LabCorp, Charles River Laboratories International, Inc., inVentiv Health, SGS SA, Toxikon, Inc., Intertek group, and Pace Analytical Services, LLC.Collaborations, service portfolio expansion and merger & acquisitions are key strategic undertakings by these players

Grand View Research has segmented the global bioanalytical testing services market on the basis of molecule type, test type and region:

Bioanalytical Testing Services Molecule Type Outlook (Revenue, USD Million; 2014 - 2025)

• Small Molecule
• Large Molecule
  • LC-MS Studies
  • Immunoassays
  • Others

Bioanalytical Testing Services Test Type Outlook (Revenue, USD Million; 2014 - 2025)

• ADME
  • In-Vivo
  • In-Vitro
• PK
• PD
• Bioavailability
• Bioequivalence
• Others

Bioanalytical Testing Services 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

Access Full Press Release Of This Report: www.grandviewresearch.com/press-release/global-bioanalytical-testing-services-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Epoxy Coating Market Total Valuation Set To Surpass $41.71 Billion By 2024: Grand View Research, Inc.

The global Epoxy Coating Market is expected to reach USD 41.71 billion by 2024, according to a new report by Grand View Research, Inc. Increase in spending on residential and commercial construction in emerging regions such as Asia Pacific and Middle East is expected to drive global Epoxy Coating Market growth over the next eight years.

Rapid industrialization in Asia Pacific has resulted in an increase in utilization of epoxy coatings for flooring applications for both commercial and industrial structures such as retail stores, hospitals, showrooms, and warehouses. These coatings provide superior gloss and aesthetic finish in form of terrazzo flooring, chip flooring, and colored aggregate flooring.

Growing automotive sector in developing economies of Asia Pacific and Latin America owing to a surge in population base and rising disposable income is expected to stimulate epoxy coatings demand. Growing application scope in rust and corrosion prevention of vehicle bodies and other metal components is likely to augment market growth. In addition, rising use of epoxy-based coatings as primer ensuring paint adhesion for automotive parts will drive the market demand over next eight years.

Solvent borne epoxy emerged as the dominant product segment accounting for over one-third of the total market volume in 2015. Traditionally, they were designed to protect steel, however; they are extensively being used now-a-days for concrete structures and adapted for flooring. Solvents allow easy coating application in required areas without any formulating problems.

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

Further key findings from the report suggest:

• Global epoxy coating market demand was 1,080.7 kilo tons in 2015 and is expected to reach 2,115.6 kilo tons by 2024, growing at a CAGR of 7.9% from 2016 to 2024.
• Waterborne coatings are expected to witness the highest growth of 9.0% from 2016 to 2024 owing to factors such as low VOC content, durability, quick dry time and mitigated hazardous disposal in contrast to its counterparts.
• Construction sector emerged as the leading and fastest growing application segment accounting for about 28.0% of the total market volume in 2015. Rapid population growth coupled with increasing migration towards urban centers has necessitated demand for new commercial, residential and industrial infrastructure. Low-interest rates on housing loans in both developed as well as developing regions is poised to impact market growth.
• Asia Pacific was the dominant regional market with demand share estimated at over 48% in 2015. Increasing demand for institutional buildings coupled with the shift in production landscape towards China, India, and South East Asian countries are expected to drive the regional market. The region is also projected to witness the highest growth of 8.9% from 2016 to 2024.
• Epoxy coatings industry is moderately fragmented with the presence of large number of prominent market participants across the globe. Sherwin Williams is engaged in manufacturing and marketing of paints, coatings, finishes, applicators, and varnishes for structural steel, ships, metals, buildings, and automobiles. In September 2013, Sherwin Williams acquired the U.S./Canada operations of Comex for USD 90 million and assumed liabilities in the range of USD 75 million.

Grand View Research has segmented the epoxy coating market on the basis of product, application and region:

Global Epoxy Coating Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Solvent Borne
• Waterborne
• Powder

Global Epoxy Coating Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Construction
• Industrial
• Transportation
• Others

Global Epoxy Coating Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• North America
  • US
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
• Latin America
  • Brazil
• Middle East and Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-epoxy-coating-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Gluten-Free Products Market Is Set To Jump Up Around $33.05 Billion By 2025: Grand View Research, Inc.

The global Gluten-Free Products Market is expected to reach USD 33.05 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness substantial growth over the forecast period mainly on account of the rising incidences of celiac disease, diabetes as well as obesity across the developed economies.

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

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

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

Browse Full Research Report on Gluten-Free Products Market: www.grandviewresearch.com/industry-analysis/gluten-free-products-market

Further key findings from the report suggest:

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

Grand View Research has segmented the Gluten-Free Products Market on the basis of product, distribution and region:

Gluten-Free Products Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Bakery products
• Dairy/ dairy alternatives
• Meats/ meats alternatives
• Condiments, seasonings, spreads
• Desserts & ice-creams
• Prepared foods
• Pasta and rice
• Others

Gluten-Free Products Distribution Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Grocery stores
• Mass merchandiser
• Independent natural or health food store
• Club stores
• Drug stores
• Others

Gluten-Free Products Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• North America
  • US.
• Europe
  • France
  • Germany
  • Italy
  • UK
• Asia Pacific
  • Australia
  • China
  • India
  • New Zealand
• Central & South America
  • Brazil
• Middle East & Africa

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-gluten-free-products-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Physiotherapy Equipment Market Is Expected To Reach $24.7 Billion By 2022 Due To Rising Prevalence Of Parkinson's Disease

According to a report by Grand View Research, Inc.; the worldwide physiotherapy equipment market is projected to attain USD 24.7 billion by 2022. Factors such as rise in unhealthy lifestyle habits and high prevalence of chronic diseases are anticipated to drive the global market over the forecast period (2012 to 2022). Growing geriatric population, penetration of physiotherapy services, and favorable government regulations can further propel the market in near future.

There are several health conditions resulting in loss of normal body functioning solely due to aging. For example, Dementia can cause with growing age which can be accompanied by loss of speech, reasoning, and motor functions. Growing prevalence of neurological, cardiovascular, and musculoskeletal disorders, increasing rates of accidents and sports injuries, and chronic diseases can disrupt body movements and functioning. All these factors can impel the demand for physiotherapy equipment over the forecast period.

Browse In-depth Insights: www.grandviewresearch.com/industry-analysis/physiotherapy-equipment-market

Increased demand for home physiotherapy services from developed countries and availability of effective therapies like electric stimulation, cryotherapy, and ultrasound can have positive impact on the market. In addition, technological advancements such as virtual reality, exoskeletons, rehabilitation robots, and implanted devices for pain management have created grwth opportunities in the physiotherapy equipment market. Additionally, latest trends such as robot-assisted walking for the patients suffering from spinal cord injuries and computer-aided therapy for stroke and cardiovascular conditions are projected to boost the market.

Worldwide physiotherapy equipment market can be segmented on the basis of application, types, end-use, demographic, and geography. Based on application, the market can be divided into neurology, musculoskeletal, cardiovascular and pulmonary, and pediatric. As per types, the market can be categorized into cryotherapy, hydrotherapy, continuous passive motion (CPM), ultrasound, heat therapy, electric stimulation, therapeutic exercise, and others. In 2014, ultrasound was the largest segment and is likely to continue displaying lucrative growth at over 8.0% CAGR during the forecast period. Based on demographic, the market can be bifurcated into geriatric population and non-geriatric population. Based on end-use, the market can be fragmented into hospitals, clinics, and others.

Geographically, the market for physiotherapy equipment can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2014, North America acquired the largest market share in terms of revenue and reported around USD 5.74 billion. This growth can be attributed to high occurrence of accidents, rise in women population suffering from osteoporosis, and growing elderly population in the region. Additionally, favorable government policies and advanced healthcare infrastructure may also boost the market growth during the forecast horizon.

Asia Pacific is expected to be the fastest growing market over the forecast period. This growth can be attributed due to rising awareness, increasing population, better investment opportunities, increasing disposable income, and developing healthcare infrastructure. In 2014, Japan was reported as the largest market in the region. Over 36% of Japan’s residents are expected to reach the age of over 60 years by 2025. Better health insurance coverage for physiotherapy treatments and services can have a positive impact on the market.

Some of the leading players operating in the physiotherapy equipment market include Isokinetics Inc.; Patterson Medical; BTL Industries; DJO Global, and EMS Physio. The market looks very competitive and is expected to continue witnessing moderately high growth over the forecast period. It is expected to present a wide scope for local and small-scale vendors to present their products. Many vendors are providing therapy equipment to hospitals, educational institutions, and nursing homes. The manufacturers are also investing more expenditure in research and development activities and developing advanced technology to improve the efficiency and effectiveness of physical therapy.

For instance, DJO Global, Inc. recently introduced its new shoulder orthosis product called UltraSling Quadrant. It can offer four angles of immobilization in single brace for optimal versatility. These angles include external rotation, internal rotation, abduction, and adduction. It allows the patient to stretch and extend their arm and supports a fictional recovery.

Browse Press release of this Report: https://www.grandviewresearch.com/press-release/global-physiotherapy-equipments-market

About Grand View Research

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

For More Information: www.grandviewresearch.com

Plastics Market Is Expected To Grow At a CAGR of 8.1% from 2014 To 2020

The global Plastics Market was valued at USD 381.83 billion in 2013 and is expects to expand at an 8.1% CAGR from 2014 to 2020, according to a report by Grand View Research, Inc. The availability of raw materials, ease in manufacturing, and low production cost are factors influencing the use of plastic for manufacturing various products. The industrial sectors using the material include packaging, automotive, construction, electronics, and others.

The plastics market is anticipated to scale at a significant growth rate from 2012 to 2020 (forecast period) owing to increasing demand for sustainable products by consumers. The growth of sectors such as construction and packaging are expected to provide an impetus to market during the forecast period. Fluctuating raw material prices and growing environmental concerns are expected to pose a challenge to market growth. However, industry manufacturers have shifted their focus to developing bioplastics in order to overcome this hurdle.

Browse In-depth Insights: www.grandviewresearch.com/industry-analysis/global-plastics-market

Bio-based or drop-in plastics are gaining prominence due to the use of sustainable materials and minimizing the damage to the environment. For instance, the Coca-Cola Company has used this material since July 2017 for packaging purposes of its trademark drink and other beverages. Its PlantBottle packaging uses materials derived from plants to produce plastic in more than 40 countries. In 2018, German company FRIMO created an innovative system in order to expedite the production of vehicles in the automotive sector. This system can handle the production of thermoforming plastic for complex components in vehicle interiors. Companies in the market for plastics are focusing on innovations which reduce the dependence on crude oil and focus on organic materials.

The worldwide plastics market is segmented by product, application, and region. Products in the market include polystyrene (PS), polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), polyethylene terephthalate (PET), and engineering plastics. Major applications include packaging, construction, transportation, textiles, injection molding, and film and sheet.

Regions covered in the market report include Asia Pacific (APAC), Europe, North America, Middle East and Africa (MEA), and Central and South America (CSA). The APAC market accounted for over 40% share of the global market in terms of demand in 2013. The economic development of countries such as India and China is expected to provide the market new avenues for expansion over the forecast period. The Malaysia market has high growth potential owing to change in trade policies in the country. The increasing per capita income of consumers, growing automotive sector, and trade agreements with Europe, China, and Japan are expected to drive market growth.

The CSA market for plastics is projected to exhibit a 6.3% CAGR from 2014 to 2020 due to rise in infrastructural projects in Brazil and Argentina. The boom in the regional automotive sector is anticipated to contribute to market revenue in the forthcoming years. The MEA market has high growth potential owing to rapid industrialization in its economies. Many market players are organizing seminars to create awareness about the latest trends in plastics and their various production methods. They plan to avoid the mishaps faced in the oil and gas sector and to replace steel pipes with plastic to avoid corrosion.

The North America and Europe markets have attained maturity and may experience a slower growth compared to other regions. The demand for bioplastics and engineering thermoplastics is anticipated to drive demand in these markets. Europe, in particular, is emphasizing on production of bioplastics and has increased the production of biopolymers such as polylactic acid (PLA) and polyhydroxyalkanoates (PHA). The recyclable nature of these plastics is expected to make it a primary raw material in the food and beverages sector.

Key players in the plastics market include Saudi Basic Industries Corporation (SABIC), The Dow Chemical Company, BASF SE, E.I. du Pont de Nemours and Company, and Total S.A. These players are forming partnerships or collaborations with biotechnology companies to produce bioplastics. For instance, SABIC has entered into a joint venture with CTE Petrochemicals Company in January 2018 to kickstart the production of polyacetal (POM) in Jubail, Saudi Arabia. Polyacetal is a thermoplastic with the potential to replace metal components in construction and automotive sectors. Other prominent players are shifting their base to regions with lax regulations to increase their capacity and lower production costs.

Browse Press release of this Report: www.grandviewresearch.com/press-release/global-plastics-market-analysis

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