Levulinic Acid Market Demand is Projected to Reach 3,820 tons by 2020|Top Industry Players DuPont, Hebei Langfang Triple Well Chemicals Co., Ltd.

San Francisco,18 October 2018: Global levulinic acid market demand was 2,606.2 tons in 2013 and is projected to be 3,820 tons by 2020. The increasing application of levulinic acid, especially in pesticides, solvents, pharmaceuticals, and cosmetics industries are anticipated to boost growth in the coming years.

Over the past few years, the chemical industry has continually been striving towards attaining a sustainable growth, with a focus on the development of renewable biotechnological and bio-based products. The production technology for bio-based levulinic acid has been simplified by dehydration of biomass or carbohydrates with acid. Levulinic acid is being increasingly used as a substitute to its synthetic counterparts in industrial usage.

The global levulinic acid market is anticipated to reach USD 19.65 million revenue, with a growing CAGR of 4.8% by 2020. Increasing usage of the acid in niche applications including plastics, nylons and rubbers are expected to drive demand in the coming years. Increasing R&D expenditure, mainly to diminish production costs of levulinic acid to competitive levels is a critical factor for market players.

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Agriculture and pharmaceutical together accounted for over 66% of the overall volume in 2013. Demand for levulinic acid in the agricultural sector and its related applications is expected to grow at a CAGR of 6%, whereas the market is anticipated to grow at 5.4% CAGR from 2014 to 2020 in the pharmaceutical sector.

Apart from these applications, levulinic acid is also moderately used in the production of cigarettes to enhance delivery of nicotine in smoke, making it more receptive to neurons. Methyltetrahydrofuran (MTHF), a critical component of levulinic acid acts as a fuel additive. MTHF is commercially used in automotive segments as fuel extenders and is projected to have a potential demand of 20,000 kilo tons by 2020.

North America dominated the levulinic acid market contributing to more than 41% of the overall demand in 2013. Levulinic acid demand in the region is anticipated to be 1,598.3 tons by 2020, growing at a CAGR of 5.6% over the forecast period, owing to the presence of the prominent application players in the region.

Europe and Asia Pacific are emerging markets for levulinic acid. China, being one the major suppliers, manufactures, and sells the product at a relatively lower price to companies present in the U.S. and Europe which produce downstream products of the chemical. Europe, being the second largest consumer, accounted for 31% of the overall market volume in 2013.

Major market players include Segetis, Biofine, and DuPont. China has large an unorganized manufacturing base with major suppliers being Ouyi Pharmaceutical Co Ltd. and Shijiazhuang Pharmaceutical Group. Biofine has been one of the prominent manufacturers in the industry, with a key focus on MTHF and DALA applications.

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Grand View Research has segmented the global levulinic acid market on the basis of application and region:

Levulinic Acid Application Outlook

·         Pharmaceuticals

·         Agriculture (Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid)

·         Food Additives

·         Cosmetics

Levulinic Acid Regional Outlook

·         North America

·         Europe

·         Asia Pacific

·         Rest of the World

Bio-based Levulinic Acid Potential Downstream Platform Outlook

·         Methyltetrahydrofuran (MTHF)

·         Delta aminolevulinic acid (DALA)

·         Diphenolic Acid

·         Others

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About Grand View Research

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

For More Information: www.grandviewresearch.com

Automotive Air Filters Market is Expected to Reach $8.62 Billion By 2024|Key Industry Participants Denso Corporation, Hollingsworth & Vose Co. Inc

San Francisco,18 October 2018: The global automotive air filters market is expected to reach USD 8.62 billion by 2024, according to a new report by Grand View Research, Inc. Rising disposable income coupled with the growth of global automobile industry and stringent emission norms is expected to drive the market growth over the next eight years.

The global automotive air filters market is estimated to witness a high growth owing to rising automobile production along with rapid industrialization and urbanization. Stringent emission control regulations are expected to foster the market growth.

Growing disposable income in developing regions such as Asia Pacific and the Middle East is presumed to drive the growth. Economies such as India and China are projected to have brisk growth and lead their regional market. Volatile raw materials cost is presumed to hamper the industry growth. The increase in electric vehicles production is also estimated to hinder the market growth shortly.

Favorable regulation such as EU and EEA member states emission standards which include Euro VI petrol and diesel norms. This norm is to govern light and commercial passenger vehicles emissions and is anticipated to have a positive impact on automotive air filters demand in engine components.

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Further key findings from the report suggest:

·       Cabin filter emerged as the leading product segment and accounted for 51.6% of total market revenue in 2015. Cabin filters are estimated to grow at a rapid pace at an estimated CAGR of a 9.1% from 2016 to 2024. The growth can be attributed due to favorable emission control regulation and consumer concern towards safe car environment.

·       Passenger car application segment dominated the automotive air filters demand and accounted for over 50% of the total market in 2015. Increasing demand in automobile industry coupled with rapid automobile production is expected to benefit the overall filters demand in automotive.

·       In 2015, Aftermarket segment in end-use had the highest penetration in the automotive air filters market with over 70% of the total market. This trend is expected to continue over the next eight years. Rising disposable income across emerging nations is estimated to favor the market growth.

·       Asia Pacific had the highest regional market penetration in 2015 and accounted for over 45% of global demand. Increasing automobile production in India, China, Thailand and Indonesia is expected to drive the regional market over the forecast period.

·       Key market participants include Ac Delco Inc., Affinia Group Inc., Denso Corporation, Hollingsworth & Vose Co. Inc., Mann+Hummel, Roki Co. Ltd, Donaldson Company Inc., K&N Engineering Inc., Robert Bosch GmbH, Ahlstrom Corporation, SogefiS.p.A, Neenah Paper Inc., Clarcor Inc., Parker Hannifin Corp., Freudenberg & Co. Kg, Lydall Inc., Toyota Boshoku Corporation, Cummins Inc., Hengst GMBH & Co. Kg, Mahle GmbH and Valeo S.A.

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

Global Automotive Air Filters Application Outlook (USD Million, 2014 - 2024)

·         Passenger car

·         Light and heavy commercial vehicle

·         Two wheelers

Global Automotive Air Filters Product Outlook (USD Million, 2014 - 2024)

·         Intake

·         Cabin

Global Automotive Air Filters End-Use Outlook (USD Million, 2014 - 2024)

·         OEM

·         Aftermarket

Global Automotive Air Filters Regional Outlook (USD Million, 2014 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Middle East & Africa

·         Central & South America

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About Grand View Research

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

For More Information: www.grandviewresearch.com

Telecom EMS Market to Expand at a CAGR of 7.0% Through 2025|Top Industry Players Plexus Corp; Jabil Circuit, Inc

San Francisco,18 October 2018: The global telecom electronic manufacturing services (EMS) market size is likely to reach USD 230.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% during the forecast period. IoT is the next key trend and is estimated to support the telecom industry in terms of revenue generation and infrastructure expansion, which is subsequently estimated to drive the market over the forecast years. Furthermore, mobile connectivity has improved tremendously over the past few years and penetration of wireless devices has witnessed healthy growth over the years. This trend is poised to continue over the next few years and positively impact the telecom EMS market growth.

With such unprecedented growth in the telecom world, players are often challenged to keep pace with their products as well as service offerings. However, with changing market dynamics in the telecom sector and growing focus on offering higher customer value, equipment vendors are aiming to make it big in the service offering field. Thus, the industry has been experiencing a shift toward outsourcing activities. This is, in turn, stoking the growth of the market.

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Further key findings from the report suggest:

·       The global telecom EMS market is mainly driven by need to reduce overall costs while being competitive in international markets. Additionally, need to reduce operating and manufacturing costs is playing a pivotal role in stimulating market growth

·       In 2016, the electronic manufacturing service segment lead the market with over 45.0% share, owing to the fact that global telecom players demand assistance in designing, implementing, manufacturing, and testing of equipment on a large-scale

·       The electronic design and engineering segment is projected to witness a CAGR close to 9.0% from 2017 to 2025. Advancements in technology are making it necessary for firms to subcontract design and engineering services to cope with ever-changing dynamics associated with technological developments and innovations

·       Asia Pacific is expected to dominate the market throughout the forecast horizon. Increasing electronics production in the Southeast Asia region, supported by incentives and funding from a few electronic giants, is one of the primary growth stimulants for the market in the region

·       The telecom electronic manufacturing services market is well-diversified. Companies focus on offering a wide range of services, thus enabling OEMs to focus on their core competent businesses. Key players in the industry include Benchmark Electronics, Inc.; Flex, Ltd.; Plexus Corp; and Jabil Circuit, Inc.

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Grand View Research has segmented the global telecom EMS market on the basis of services and region:

Telecom EMS Service Outlook (Revenue, USD Billion, 2015 - 2025)

·         Electronic design & engineering

·         Electronics assembly

·         Electronic manufacturing

·         Supply chain management

·         Others

Telecom EMS Regional Outlook (Revenue, USD Billion, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         South America

·         Middle East & Africa

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About Grand View Research

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

For More Information: www.grandviewresearch.com

Coiled Tubing Market is Estimated to Hit Highest CAGR 5.1% by 2025| Top Industry Players Halliburton, Weatherford International Inc

San Francisco,18 October 2018: According to a report published by Grand View Research, Inc.; coiled tubing market is expected to reach a valuation of around USD 4.9 billion by 2025.

Reduction of oil production from the existing wells and rise in exploration and production activities can propel the market during the forecast period (2014 to 2025). Supportive government policies are also expected to support the market growth.

Increasing demand for the oil and gas in applications including transportation and power production among the other has increased the growth in consumption of primary energy sources. Demand for effective oil recovering techniques have increase due to rising cost of extracting oil from existing wells and recovery of matured oil wells. Thus, growing shale projects and advancements in other unconventional resources is likely to boost the product demand in the coming years.

Worldwide coiled tubing market can be segmented on the basis of services, operation, application, and region.

Based on services, the market can be categorized into well intervention, drilling, and others.

CT is considered as less expensive and time-saving solution for well intervention and drilling operations. At the time of production, the tube is injected into the tubing against the pressure of the well to remove the tubing from the well for fixing the problem. In 2016, the well intervention segment dominated the market and accounted for over 66% of the overall market in terms of revenue. This service is being employed for extending the life of a producing well by refining its performance.

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As per operation, the market can be bifurcated into pumping, circulation/deliquification, perforation, logging, and others.

In 2016, pumping segment was the largest segment and is projected to expand at a CAGR of 5.2% during 2017 to 2025. The circulation segment is expected to exhibit rapid growth during the forecast period. This is most commonly used operation and used for cleaning light debris. It is a substitute fill removal approach that is used to pump down the production tubing.

On the basis of application, the market can be classified into offshore and onshore.

In 2016, the Offshore application segment estimated for over 45% of the total market. The common offshore applications comprise well interventions or production for extending well life.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa.

Promising by the U.S.  and Chinese governments in the form of tax incentives, and other financial aids is likely to support the industry. However, public concerns and several bans regarding harmful impacts of the technology in some countries including South Africa, Tunisia, France, Romania, and Bulgaria are expected to pose challenges for the market participants. The market is expected to grow significantly in countries such as Russia, Argentina, Algeria, and Poland during the projected period.

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In 2016, North America was the leading market and estimated for over 42% of the overall market share in terms of revenue. Factors such as availability of skilled manpower, high E&P activities, and accessibility of advanced technologies and equipment are driving the growth in this region. The U.S. and Canada together accounted for the major share in global market.

Asia Pacific is one of the attractive markets over the forecast period. This region is likely to expand at a CAGR of 5.8% during 2017 to 2025 due to supportive government regulations and increasing foreign investment. Presence of potential oil reserves in countries including China, Indonesia, Australia, and India along with rise in investments through FDI channels in the market is likely to create many opportunities for the players.

Key companies operating in the market include Weatherford International Inc.; Superior Energy Services Inc.; C&J Energy Services, Inc.; Industries and Services Catered; and Schlumberger Ltd.

The market is moderately consolidated with the presence of several established companies in the market. Major companies operating in the market includes international E&P companies, individual equipment and oilfield service corporations, microseismic and proppants companies.

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About Grand View Research

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

For More Information: www.grandviewresearch.com

Composites Market is Anticipated to Register 7.8% CAGR through 2024| Key Industry Participants Owens Corning; PPG Industries, Inc

San Francisco,18 October 2018: According to a report published by Grand View Research, Inc.; the global composites market is anticipated to attain a valuation of around USD 130.83 billion by 2024. Growing requirement for lightweight vehicles to enhance fuel-efficiency is anticipated to market growth over the forecast period (2018 to 2024). Composites can replace steel in vehicles attributed to their higher strength to weight ratio.

Currently, most vehicles use conventional fuel technologies such as petrol and diesel. However, growing environmental concerns and stringent regulations regarding pollution control can force manufacturers to manufacture eco-friendly vehicles. Composites can be used to manufacture lightweight vehicles. These vehicles offer high fuel-efficiency, which is a primary factor augmenting product demand.

The worldwide composites market can be segregated on the basis of product, resin, manufacturing process, end-use, and region. Based on product, the market can be categorized into glass fiber, carbon fiber, and others. In 2015, glass fiber emerged as the largest product segment. Also known as fiberglass, this composite is made of fine fibers of glass. Fiberglass is lightweight, robust, and strong material. This factor is expected to bode well for segment growth over the forecast period. However, it is likely to have lower stiffness than carbon fiber.

Based on resin, the market can be bifurcated into thermoplastic and thermosetting. In 2015, thermosetting resin dominated market and accounted for largest market share of around 83.3%. Thermoset or thermosetting composites are synthetic materials strengthened when heated. They cannot be remolded after initial heating. Thermosetting products are stronger attributed to cross linking and can suit for high temperature. This is the primary demand driver for these resins.

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Based on manufacturing process, the market for composites can be classified into injection molding, compression molding, pultrusion, resin transfer molding, layup, filament winding, and others. In 2015, layup dominated the market and accounted for around 30.9% of the total market share. The layup process involves placement of fiber layer in sequence by using matrix of hardener and resin. It is then allowed to set at room temperature. The curing process can be accelerated by applying heat with oven. Hand layup process is low cost cooling technique and includes wide choice of material types and suppliers.

Based on end-use, the market can be divided into electrical and electronics, aerospace and defense, automotive and transportation, construction and infrastructure, pipes and tanks, marine, and others. In 2015, transportation dominated the market and accounted for the largest share of 20.8% in terms of demand. Advantages of lightweight and durable materials are appreciated in design, fuel savings, and manufacturing efficiencies for autos, buses, and trains, across the transportation spectrum. Manufacturers of buses and light rails use composites to enhance fuel efficiency and interiors of vehicles. Demand for fire retardant, corrosion resistant, and durable products from top suppliers to fulfill demand for adhesives, resins, reinforcements, and gels in transportation applications wil bode well for segment growth in near future.

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Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific dominated the market and accounted for largest market share in 2015. It is likely to continue its dominance over the forecast period owing to rising production of boats, architectural moldings, and wind turbine blades in the region.

North America is predicted to witness significant growth during the forecast period. Rising demand for commercial aviation on account of globalization and rising disposable income is expected to spur growth of aviation sector in the region. In addition, growing concerns regarding aircraft weight can further fuel demand for composites. Commercial aviation is expected to use composites to around 50% of total weight of aircraft. Airbus A350 can be built using 52% Carbon Fiber Reinforced Polymer (CFRP), while Boeing 787 Dreamliner can be built using 50% CFRP in terms of weight.

Europe is likely to witness steady growth during the forecast period owing to extensive R&D activities and emergence of numerous market players. Some of the leading companies operating in the composites market are Mitsubishi Rayon Corporation, Cytec Industries, Hexcel, Toray industries, and Hyosung.

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About Grand View Research

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

For More Information: www.grandviewresearch.com

Atrial fibrillation market is Estimated to Expand at a CAGR of 13.2% through 2020|Top Industry Players Johnson & Johnson Ltd., Sanofi-Aventis

San Francisco,18 October 2018: The global atrial fibrillation market is expected to reach USD 16.17 billion by 2020. Rising occurrence of strokes, brain damage and atrial fibrillation owing to blood clots along with an increasing geriatric population is expected to drive industry growth. Technological advancements in the field of microwave catheter ablation and radiofrequency along with rising occurrence of diseases caused by lifestyle habits such as drinking and smoking are further expected to fuel growth. Moreover, increasing demand for smaller cardiac incisions, minimally invasive procedures and small recovery time post-surgery are projected to bolster growth. Also, global aging population combined with the changes in lifestyle increasing the risks of obesity and high blood pressure is likely to drive demand.

Pharmacological products accounted for over 50% market share in 2013. Low prices of these products along with increasing use of anti-coagulants as an add-on therapy to non-pharmacological procedures are expected to drive demand.

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North America accounted for over 40% of global revenue in 2013. High penetration of non-pharmacological procedure and sophisticated reimbursement frameworks has resulted in its substantial demand over the past few years. High patient awareness and healthcare expenditure levels also contributed significantly towards region growth.

Asia-Pacific is expected to witness substantial growth during the forecast period, growing at a CAGR of over 13% from 2015 to 2022. Rising demand for non-pharmacological treatments due to improvement in healthcare infrastructure, high disposable incomes, and growing patient awareness are a few factors accounting for its rapid growth.

Radiofrequency catheter ablation procedure segment is expected to be the fastest growing segment with a CAGR of over 12% over the forecast period. Technological advancements related to maneuverability which helps in making tight bends inside the heart, the optimal size of the lesion produced and lower time required to recover from of catheter ablation is expected to drive demand over the next seven years.

Maze surgery occupied the second largest share of non-pharmacological treatment market. It removes the need for life-long anti-coagulants based treatment while reducing the occurrence of strokes. Anti-coagulants held the dominant market share in pharmacological treatment market as it reduced the incidence of blood clots and strokes which in turn is likely to propel demand over the projected period.

Key industry players include Boston Scientific Corporation, St. Jude Medical Inc., Johnson & Johnson Ltd., Sanofi-Aventis, CardioFocus Inc., Boehringer Ingelheim GmbH, Bristol-Myers Squibb Corporation, Biosense Webster Inc., AtriCure Inc. and Endoscopic Technologies Inc. St. Jude Medical Inc. developed an Endosense’sTactiCath. The technology provides live feedback related to pressure applied during microwave catheter ablations and radiofrequency.

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Grand View Research has segmented the global atrial fibrillation market on the basis of fields of procedures and region:

Atrial Fibrillation Procedures Outlook

·         Pharmacological Products

o    Anti-arrhythmic Drugs

o    Anti-coagulant Drugs

·         Non-Pharmacological Treatment

o    Catheter Ablation Procedures

o  Radiofrequency

o  HIFU

o  Cryoablation

o  Microwave

o  Laser

o    Maze Surgery

o    Electric Cardioversion

Atrial Fibrillation Regional Outlook

·         North America

·         Europe

·         Asia Pacific

·         RoW

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About Grand View Research

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

For More Information: www.grandviewresearch.com