Automotive Smart Display Market to Penetrate Untapped Regions During 2021 to 2028: Grand View Research Inc.

 Automotive Smart Display Market Growth & Trends

The global automotive smart display market size is expected to reach USD 16.98 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.2% from 2021 to 2028. The growing demand for advanced safety features, automotive and cockpit electronics, and semi-autonomous and autonomous vehicles is expected to drive the market. The increasing demand for improved in-vehicle experience and the changing consumer buying behavior, along with the growth of luxury, premium, and high-end cars worldwide, are also expected to fuel the market demand over the forecast period.

The surge in demand for vehicle navigation and connectivity system in the automotive sector led to a growth in the usage of automotive visualization technology. The visualization technology has played a significant role in the advancement of the cockpit technology, which has led to the incorporation of interactive and smart displays in several vehicles launched by prominent automakers, such as Jaguar Land Rover, Mercedes-Benz, Volkswagen, Audi, and BMW. Moreover, the technology is gaining prominence among automotive display suppliers with an uptick in demand for automotive in-vehicle infotainment solutions as well as display solutions. An increase in the sales of passenger vehicles equipped with smart displays and in-vehicle infotainment systems, coupled with features such as navigation, driver assistance, and real-time traffic monitoring, is expected to bolster the market growth over the forecast period.

Asia Pacific held the largest share in 2020 owing to the presence of several key players, such as Panasonic Corporation (Japan), Yazaki (Japan), and Nippon Seiki (Japan) in the region. The region is characterized by the presence of developed nations such as Japan and South Korea, along with emerging economies such as China and India. In recent years, the region has emerged as a hub for automobile production.

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Automotive Smart Display Market Report Highlights

• In terms of display size, the greater than 10" size segment is expected to register the highest CAGR of 9.2% from 2021 to 2028 owing to the increase in the number of semi-autonomous, autonomous, and electric cars
• Based on display technology, the TFT-LCD segment dominated the market in 2020 and is anticipated to maintain its lead the forecast period
• By application, the center stack segment accounted for the largest revenue share of over 40.0% in 2020. Technological developments in self-driving and connected cars are expected to propel the demand for center stack displays in vehicles
• Asia Pacific accounted for the largest revenue share in 2020. This is attributed to increased production and sales of passenger vehicles in the region

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Automotive Smart Display Market Segmentation

Grand View Research has segmented the global automotive smart display market on the basis of display size, display technology, application, and region:

Automotive Smart Display Size Outlook (Revenue, USD Billion, 2016 - 2028)

• Less than 5''
• 5''- 10''
• Greater than 10''

Automotive Smart Display Technology Outlook (Revenue, USD Billion, 2016 - 2028)

• LCD
• TFT-LCD
• OLED
• Others

Automotive Smart Display Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Digital Instrument Cluster
• Center Stack
• Head-up Display (HUD)
• Rear Seat Entertainment

Automotive Smart Display Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players of Automotive Smart Display Market

• Alps Alpine Co., Ltd.
• Continental AG
• Denso Corporation
• Hyundai Mobis
• Nippon Seiki Co., Ltd.
• Panasonic Corporation
• Pioneer Corporation
• Robert Bosch GmbH
• SAMSUNG (HARMAN International)
• Visteon Corporation

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.

Europe, Middle East & Africa Outdoor Candle Market Report by Opportunity, Demand, recent trends, Major Driving Factors and Business Growth Strategies

 Europe, Middle East & Africa Outdoor Candle Market Growth & Trends

The Europe, Middle East & Africa outdoor candle market size is anticipated to reach USD 624.7 million by 2028, registering a CAGR of 3.9% over the forecast years, according to a new report by Grand View Research, Inc. Outdoor candles have a great significance in celebrations, religious ceremonies, get-togethers, and festivals. They not only provide lighting and create a beautiful ambiance for the festival season but can also have a calming effect on the mind. According to a blog post by Affiliate UNguru, 35% of all candle sales take place during Christmas. In addition, theme-based outdoor parties, events, and weddings have been contributing to the product demand.

Over the past few years, consumers have been gaining interest in home gardens, patio constructions, and creating a green and comfortable outdoor atmosphere that can be used for outdoor cooking and partying. This trend also presents a lucrative growth opportunity for the market in the residential sector. Moreover, a variety of products containing various essential oils can help in keeping bugs and mosquitoes at bay, which also boosts the overall demand in residential as well as commercial applications.

Many manufacturers are focusing on importing candles from countries, such as China, India, and Vietnam, due to low product prices. As per the European Candle Association, imports from China and other low-cost countries, such as India or Vietnam, have witnessed an increase since antidumping duties were stopped four years ago.

According to the European Commission, in 2018, the import of candles from non-EU countries came mainly from China (€237 million, or 66% of extra-EU imports of candles), the United States (€61 million, 17%), and Vietnam (€24 million, 7%), followed by India (€16 million, 4%), Switzerland and Ukraine (each €4 million, 1%), the Dominican Republic (€3 million, 1%), and Thailand and Hong Kong (each €2 million, 1%). Almost two-thirds of EU candle exports went to three countries namely, Switzerland (€43 million, or 23% of extra-EU exports of candles), Norway (€41 million, 22%), and the United States (€34 million, 18%), followed by Russia (€9 million, 5%), China (€5 million, 3%), Iceland and Ukraine (each €4 million, 2%), and the United Arab Emirates (€3 million, 2%).

The soy wax type segment is estimated to register the fastest CAGR from 2021 to 2028 due to the high demand for soy wax candles as they are completely plant-based, which makes them a renewable resource. A lot of consumers are abstaining from consuming any animal products. Most soy wax candles are made without the use of stearic acid (animal-based), which is used to harden the wax. Soy wax is derived from soybean. It is a hydrogenated vegetable that solidifies at room temperature. Soy wax does not contain anything artificial, which makes it a better alternative to paraffin wax. These factors are expected to boost the segment growth over the forecast years.

The online distribution channel segment is estimated to record the fastest CAGR from 2021 to 2028. Online channels include aggregators as well as manufacturer-hosted e-commerce sites. Manufacturers have realized the potential of online sales channels and thus, host their shopping websites to better cater to rising demand and improve profit margins. Third-party sellers sell products of major manufacturers as well as local producers. They excel by establishing a strong supply chain that extends geographical borders. Thus, when customers want to buy from international players that might not be available in a certain country, third-party suppliers offer the perfect solution.

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Europe, Middle East & Africa Outdoor Candle Market Report Highlights

• The overall market is expected to register a CAGR of 3.9% from 2021 to 2028
• The paraffin wax type segment accounted for the largest share of over 75.0% in 2020 and is expected to expand at a CAGR of 4.0% over the forecast period of 2021 to 2028
• However, the soy wax segment is expected to record the fastest CAGR over the forecast period
• The offline distribution channel segment accounted for the largest revenue share of more than 79.4% in 2020
• Germany led the overall market accounting for the largest revenue share of over 25.0% in 2020

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Europe, Middle East & Africa Outdoor Candle Market Segmentation

Grand View Research has segmented the Europe, Middle East & Africa outdoor candle market on the basis of wax type, distribution channel, and country:

EMEA Outdoor Candle Wax Type Outlook (Revenue, USD Million, 2016 - 2028)

• Paraffin Wax
• Soy Wax
• Bees Wax
• Palm Wax
• Others

EMEA Outdoor Candle Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Online
• Offline

EMEA Outdoor Candle Country Outlook (Revenue, USD Million, 2016 - 2028)

• Germany
• UK.
• France
• South Africa

List of Key Players of Europe, Middle East & Africa Outdoor Candle Market

• The White Company
• Stennah & Hope Ltd.
• Scent Perfique
• Duffy and Scott Candlemakers Ltd.
• Engles Kerzen
• Gala Group GmBH

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.

Capnography Devices Market Precise Analysis on Business Overview, Product Scope And Ongoing Market Development

 Capnography Devices Market Growth & Trends

The global capnography devices market size is expected to reach USD 1.1 billion by 2028, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.7% from 2021 to 2028. Introduction of regulatory guidelines for procedural sedation and growing adoption of capnography in patient monitoring due to higher reliability and efficiency are anticipated to propel market growth over the forecast period. In addition, associated advantages such as ease of usage, minimally invasive nature, and medical efficiency with its usage are the key growth drivers for the market. Moreover, rising incidences of respiratory diseases that need continuous patient monitoring are expected to fuel the demand for EtCO2 monitors in coming years.

The COVID-19 pandemic had a positive impact on the market as companies such as Medtronic witnessed increased demand for EtCO2 monitors during the pandemic. Some companies such as Capsule Technologies also received product approvals for their EtCO2 monitors during the pandemic, which further resulted in positive market growth.

The market is highly competitive in nature and a limited number of players have a high level of dominance over the overall revenue share. The key market players account for a considerable share owing to their product offerings. Market leaders are involved in the establishment of extensive distribution systems as well as increasingly involving in mergers and acquisitions to capture a larger share of the market. For instance, in January 2021, Koninklijke Philips N.V. announced the acquisition of Capsule Technologies, Inc., hence enhancing its position in the patient care management solutions for hospitals.

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Capnography Devices Market Report Highlights

• The handheld capnography segment dominated the market in 2020, owing to associated benefits such as portability, light-weighted, ease of use, and treatment efficiency
• The microstream segment is expected to witness the fastest CAGR of 10.4% over the forecast period. This growth can be attributed to the fact that this technology is more effective and easier to incorporate as compared to sidestream and mainstream technology
• The emergency medicine segment dominated the market in 2020 owing to its usage to optimize pre-hospital ventilation, correct pediatric emergencies, and as a prognostic indicator to maintain pulmonary blood flow
• In Asia Pacific, the market is anticipated to register rapid growth in coming years owing to the presence of high unmet needs coupled with increasing patient awareness levels and improving healthcare infrastructure
• The hospital segment dominated the market in 2020 owing to the shifting preference of hospitals from conventional patient monitoring devices to capnographs
• Moreover, stringent norms for product approval and post-approval performance monitoring which are regulated by authorities such as the U.S. FDA and American Academy of Implant may act as a threat for new participants

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Capnography Devices Market Segmentation

Grand View Research has segmented the global capnography devices market by component, application, product, technology, end-use, and region:

Capnography Devices Component Outlook (Revenue, USD Million, 2016 - 2028)

• OEM Modules
  • Infrared Sources
  • Others
• Others

Capnography Devices Product Outlook (Revenue, USD Million, 2016 - 2028)

• Handheld
• Standalone
• Multiparameter

Capnography Devices Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Mainstream
• Sidestream
• Microstream

Capnography Devices Application Outlook (Revenue, USD Million, 2016 - 2028)

• Emergency Medicine
• Pain Management
• Procedural Sedation
• Critical Care
• Others

Capnography Devices End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Ambulatory Care Centers
• Others

Capnography Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa  
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Capnography Devices Market

• Masimo
• Smiths Medical, Inc.
• Dragerwerk AG & Co. KGaA
• Welch Allyn (Hill-Rom Holdings, Inc.)
• Koninklijke Philips N.V.
• Medtronic
• Nonin Medical, Inc.
• Nihon Kohden Corporation
• BD
• Diamedica (UK) Limited
• Edan Instruments, Inc.

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.

Turkey Automotive Plastic Compounding Market Witness Excellent Revenue Growth During the Forecast Period

 

Turkey Automotive Plastic Compounding Market Growth & Trends

The Turkey automotive plastic compounding market size is anticipated to reach USD 451.3 million by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 5.8% over the forecast period. According to Automotive Distributors Association (ODD), owing to the support of marketing campaigns and easing of lockdown measures, light commercial vehicles and passenger car sales jumped by 60% year-on-year in July 2020. The demand for automotive vehicles in the country is expected to steadily rise, which, in turn, is projected to fuel the plastic compounding market in Turkey.

Rising environmental awareness among the consumers and stringent regulations regarding pollution control have compelled automotive original component manufacturers to control automotive emissions by utilizing innovative lightweight materials. Car weight reduction is one surefire method of achieving carbon emission savings as weight reduction drastically boosts fuel efficiency and eliminates pollution to a large extent. Thus, plastic compounds of various chemistries are being utilized in several automotive interior & exterior components to ensure lower carbon emission levels.

Amid the COVID-19 crisis, the decline in demand was observed in the manufacturing sector of Turkey in Mid-March of 2020. The country’s automotive exports decreased by 30%. Similarly, the demand for plastic compounding decreased. Automotive companies in Turkey suspended their production activities. The demand for automotive declined as consumers were concerned about meeting their basic needs in the crisis. As the main markets for the Turkish automotive industry are European countries and about 75% of automotive production is sold in the European market, the production of automotive plastics and OEMs was negatively impacted by the decreasing domestic and foreign demand.

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Turkey Automotive Plastic Compounding Market Report Highlights

• Polypropylene (PP) was the largest product segment in 2020. PP resins have become an essential ingredient for lightweight impact-resistant automotive parts on account of the lower specific gravity of PP resins, which provides improved fuel economy and low emission
• The Interior component was the largest application segment in 2020. The rising demand for lightweight interior components to reduce the overall vehicle weight and enhance efficiency is driving the demand for automotive plastic compounding in the interior application
• Exterior fascia to emerge as the fastest-growing application segment owing to rising demand for energy management technologies that impede roof crush, resist vehicle intrusion, and lower overall car body weight without compromising on safety or performance

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Turkey Automotive Plastic Compounding Market Segmentation

Grand View Research has segmented the Turkey automotive plastic compounding market based on product and application:

Turkey Automotive Plastic Compounding Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Acrylonitrile butadiene styrene (ABS)
• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinyl Chloride (PVC)
• Polyethylene (PE)
• Polycarbonate (PC)
• Polyamide (PA)
• Thermoplastic Elastomer (TPE)
• Others

Turkey Automotive Plastic Compounding Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Instrument Panels
• Powertrain
• Door Systems
• Interior Components
• Exterior Fascia
• Under-the-hood
• Others

List of Key Players of Turkey Automotive Plastic Compounding Market

• EPSAN
• LANXESS
• PolyOne Corporation
• LyondellBasell Industries Holdings B.V.
• SABIC

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.

Meat Extract Market Size Projected to Rise Lucratively during 2021 to 2028: Grand View Research Inc.

 Meat Extract Market Growth & Trends

The global meat extract market size is expected to reach USD 21.72 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. The increasing health consciousness among consumers coupled with growing awareness about the importance of protein-rich diets is expected to propel the product demand over the forecast period.

The R&D initiatives undertaken by industry players leading to market development powered by economic growth in the developing countries will support market growth. Meat extracts have various applications in the food industry including ready meals, soups, sauces, soup powders, coatings, and seasoning; these applications are increasing both in number and volume as the food industry is introducing new products and expanding into emerging markets.

The beef, chicken, and pork type segments accounted for more than 88% of the global volume share in 2020 and are expected to retain similar market capitalization over the forecast period. This growth is credited to the high acceptance and consumption of meats by consumers across the globe. The demand for beef extracts is expected to increase due to the increasing use of the meat to enhance the nutritional value of the products, as it contains nucleotides, minerals & vitamins, organic acids, and amino acids & peptides.

North America was the dominant region in 2020 and is expected to retain its position over the forecast period on account of increased consumption of convenience & Ready-To-Eat (RTE) meals. Asia Pacific is expected to be the fastest-growing regional market over the forecast period as a result of the westernization of diets, rising disposable income levels, and rapid urbanization in emerging economies, such as India and China. The rising focus on leading a healthy and active lifestyle is boosting the sales of products that include meat extracts, which is also boosting the regional market growth.

The market participants are both backward and forward integrated, with involvement in the value chain from buying the meat to manufacturing extracts and utilizing them in various food products. For instance, the Knorr brand owned by Unilever sells beef extracts, as well as utilizes the same in its food products including meal mixes and dehydrated soups.

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Meat Extract Market Report Highlights

• The chicken type segment led the market, in terms of volume, in 2020 due to its easy availability and low cost of production
• However, beef ranked the highest, in terms of revenue, in 2020 due to increased global demand
• Based on form, the market is segmented into powder, paste, liquid, and granules. The paste segment is estimated to register the fastest CAGR from 2021 to 2028
• This is due to its rising use in various food products, such as pot pies, casseroles, sauces, and stews. Moreover, it is also widely used in commercial food chain restaurants and therefore is expected to have a consistently high demand without any major fluctuations
• The industrial application segment, which includes the product usage as flavor and nutrition additive during the production of processed foods, and also in microbial culture as growth promotor, accounted for more than 80% of the overall revenue share in 2020
• Asia Pacific is expected to be the fastest-growing regional market over the forecast period
• Central & South America is estimated to register the second-fastest CAGR during the forecast years due to high meat consumption coupled with large-scale beef production and exports in the region

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Meat Extract Market Segmentation

Grand View Research has segmented the global meat extract market on the basis of type, form, application, and region:

Meat Extract Type Outlook (Revenue, USD Million; Volume, Kilotons, 2017 - 2028)

• Chicken
• Pork
• Beef
• Fish
• Turkey
• Others

Meat Extract Form Outlook (Revenue, USD Million; Volume, Kilotons, 2017 - 2028)

• Powder
• Paste
• Liquid
• Granules

Meat Extract Application Outlook (Revenue, USD Million; Volume, Kilotons, 2017 - 2028)

• Industrial
• Commercial

Meat Extract Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2017 - 2028)

• North America
  • US. 
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America (CSA)
  • Brazil
• Middle East & Africa (MEA)

List of Key Players of Meat Extract Market

• Givaudan
• Nikken Foods
• Essentia Protein Solutions
• IDF
• Haco Holding AG
• CHIMAB S.p.A.
• Foodex Inti Ingredients, PT
• Titan Biotech Ltd.
• Carnad A/S
• JBS S.A.

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.

Oleochemicals Market Expected to Deliver Dynamic Progression By 2028

 

Oleochemicals Market Growth & Trends

The global oleochemicals market size is anticipated to reach USD 34.89 billion by 2028, registering a CAGR of 7.57% over the forecast period, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing demand for oleochemical derivatives by major end-use industries, such as food & beverages, pharmaceuticals, personal care & cosmetics, and plastic & polymers. In addition, regulations regarding the use of synthetic products have led to the increased adoption of the product due to its environmental and cost benefits. Fatty acids represent one of the largest applications of oleochemicals as they are used in the pharmaceutical, food, soap, laundry detergents, candles, waxes, lubricants, and paints & coatings industries.

Oleochemicals are derived from fats and oils, they are derived from natural sources, such as plant and animal fats and oils, also fossil fuel sources, such as petrochemicals. Surging crude oil prices have led to a considerable shift toward the use of products derived from vegetable oils, such as palm kernel oil and palm as a primary feedstock for the production. The majority of palm oil is consumed for the production of oleochemicals, owing to the easy availability of raw materials. All these factors are projected to drive the growth of the market.

In addition, fluctuating crude oil prices have led manufacturers to invest in R&D to innovate cheaper and feasible alternatives to petroleum-based feedstock. However, the usage of glycerol as a raw material for biofuel can be viewed as a growth opportunity in the market. Moreover, rising demand from the manufacturers of industrial chemicals, surfactants, cosmetics, and pharmaceuticals is projected to fuel market growth. Manufacturers from Asia Pacific region, mainly, China, acquire the majority share.

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Oleochemicals Market Report Highlights

• In 2020, glycol esters emerged as the dominant product segment accounting for over 39% share of the global revenue owing to its wide usage in the major end-use industries, such as food products, surfactants, and detergents soaps
• In terms of revenue, the personal care application segment led the global market in 2020 and is expected to continue its dominance throughout the forecast years
• Rising product usage in cleansing, shaving, hair lotions, and other personal care products is estimated to drive the growth of this application segment
• Asia Pacific was the leading regional market, in terms of revenue, in 2020 and is estimated to expand further at the fastest CAGR from 2021 to 2028
• The market growth in Asia Pacific can be credited to the increasing product demand from the region’s end-use industries
• Growing environmental and health concerns due to the harmful effects of petrochemicals are leading to increasing product adoption, which will boost the market growth

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Oleochemicals Market Segmentation

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

Oleochemicals Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Specialty Esters
• Fatty Acid Methyl Ester
• Glycerol Esters
• Alkoxylates
• Fatty Amines
• Others

Oleochemicals Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Personal Care & Cosmetics
• Consumer Goods
• Food & Beverages
• Textiles
• Paints & Inks
• Industrial
• Healthcare & Pharmaceuticals
• Polymer & Plastic Additives
• Others

Oleochemicals Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • The Netherlands
  • Russia
  • Switzerland
  • Poland
  • Sweden
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Indonesia
  • Taiwan
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Oleochemicals Market

• Cargill, Inc.
• SABIC
• Kuala Lumpur Kepong Berhad
• BASF SE
• Oleon N.V.
• IOI Group Berhad
• Wilmar International
• Kao Corp.

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.

B2C e-commerce Market to Expand at a CAGR of 9.7% Through 2028

 

B2C E-commerce Market Growth & Trends

The global B2C e-commerce market size is anticipated to reach USD 7.65 trillion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.7% over the forecast period. The increasing disposable income level, escalating usage of internet and smartphones, and an increasing number of online shoppers are expected to drive the market growth. Online goods and service providers offer various options to their customers, such as vast product portfolio, discounted price rates, convenient payment methods, same-day delivery, and easy return policies while purchasing any goods or services, resulting in growing customer preference toward e-commerce platforms.

The General Agreement on Trade in Services (GATS) provides the rules and regulations governing international trade in services, with significant implications for e-commerce. The anti-Spam Law is placed to protect consumers from receiving unsolicited marketing material. Although online businesses collect information from consumers, they are legally prohibited to spam people's inboxes without their consent. Technological advancement supported by increasing usage of Artificial Intelligence (AI) is providing customers with a real-time shopping experience. For instance, Augmented Reality (AR) technology offers customers ‘virtual changing rooms’ wherein customers can try a product virtually.

The rapid evolution of e-commerce has brought numerous opportunities to both nascent as well as established players in the market. However, online payment processes have witnessed few challenges in the recent past. The interconnected and instantaneous nature of online payment channels has increased vulnerability towards cybercrime, digital frauds, and other malpractices. To overcome these cybersecurity concerns, it is essential to emphasize service security and the protection of consumer’s data.

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B2C E-commerce Market Report Highlights

• The market is anticipated to witness substantial growth during the forecast period, owing to the augmented use of smartphones and the increasing use of social media, among others
• The clothing and footwear segment accounted for the largest market share in 2020, owing to increasing penetration of retail sales over online channels, accessories, and footwear spending
• Asia Pacific dominated the market in terms of revenue in 2020 and is expected to register significant growth over the forecast period. The growth is attributed to the presence of a large number of B2C e-commerce providers in the region
• Partnership, collaboration, and business expansion remain the major strategies adopted by the leading market players

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B2C E-commerce Market Segmentation

Grand View Research has segmented the global B2C e-commerce market based on type, application, and region:

B2C E-commerce Type Outlook (Revenue, USD Billion, 2016 - 2028)

• B2C Retailers
• Classifieds

B2C E-commerce Application Outlook (Revenue, USD Billion, 2016 - 2028)

• Automotive
• Beauty & Personal Care
• Books & Stationery
• Consumer Electronics
• Clothing & Footwear
• Home Décor & Electronics
• Sports & Leisure
• Travel & Tourism
• Media & Entertainment
• Information Technology (Software)
• Others

B2C E-commerce Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa (MEA)

List of Key Players of B2C E-commerce Market

• ALIBABA GROUP HOLDING LIMITED
• com, Inc.
• ASOS
• eBay Inc.
• Flipkart Internet Private Limited
• com, Inc.
• MakeMytrip Pvt.Ltd.
• OLX
• PayPal Holdings, Inc.
• Craigslist, Inc.

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.

Chlorine Trifluoride Market to Reflect a Holistic Expansion During 2021 to 2028: Grand View Research Inc.

 Chlorine Trifluoride Market Growth & Trends

The global chlorine trifluoride market size is expected to reach USD 62.98 million by 2028 registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. The demand for the product is expected to be driven by the rapidly growing semiconductor industry. The industry dynamics of chlorine trifluoride (CIF3) are largely influenced by application markets, such as nuclear fuel processing and semiconductor production. Rapid digitalization and automated industrial manufacturing solutions have led to high penetration of electronic gadgets and components on a global scale, which requires various chemicals for constant maintenance and cleaning purposes. In the semiconductor industry, CIF3 is extensively utilized to clean chambers of chemical vapor deposition.

The major advantage is that the process of cleaning can be carried out without dismantling the chamber walls as ClF3 doesn’t require activation by plasma. The substance also finds application as a fluorinating agent in nuclear reactor fuel processing. Germany's ClF3 gas market is majorly driven by a high concentration of major semiconductor manufacturers across the country. The country is the largest producer of electronics products globally and is one of the largest exporters of semiconductor equipment. Production of industrial electronics accounted for about 50% of the total Europe CIF3 market share in 2020, which indicates noteworthy growth prospects for ClF3. Increasing demand for the gas, which results in a substantial decrease in emissions, longer chamber lifespan, and quicker cleaning rates, is expected to boost the market growth over the forecast period.

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Chlorine Trifluoride Market Report Highlights

• The semiconductor manufacturing application segment is expected to witness the fastest CAGR, both in terms of volume and revenue, from 2021 to 2028 due to the increasing demand for electronic and chamber cleaning products
• The rocket propellant systems application segment accounted for a revenue share of 22.3% in 2020 owing to the constant technological advancements and high investments in space exploration activities
• In the Asia Pacific region, India is anticipated to register the fastest growth rate of 4.6%, in terms of volume, from 2021 to 2028
• This growth can be attributed to the entry of semiconductor manufacturing companies and significant government investments in space exploration activities
• South Korea accounted for a market share of 4.7% in the Asia Pacific regional market on account of the thriving semiconductor industry in the country

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Chlorine Trifluoride Market Segmentation

Grand View Research has segmented the global chlorine trifluoride market on the basis of application and region:

CIF3 Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Semiconductor Manufacturing
• Nuclear Fuel Processing
• Rocket Propellant Systems
• Others

CIF3 Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Chlorine Trifluoride Market

• Central Glass
• Air Products and Chemicals, Inc.
• Air Liquide
• Advance Research Chemicals, Inc.
• Kanto Denka Kogyo Co. Ltd.
• Taiyo Nippon Sanso Corporation

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.

Medical Devices Reimbursement Market Size Is Expected To Reach USD 892.4 Billion by 2028

 Medical Devices Reimbursement Market Growth & Trends

The global medical devices reimbursement market size is expected to reach USD 892.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.8% from 2021 to 2028. The rising number of regulatory reforms and increasing efforts of healthcare providers to reduce cost and improve the quality of medical devices are anticipated to propel market growth.

Medical device reimbursement is defined as the payment a third-party private or public insurer pays a healthcare provider for the cost incurred while using medical equipment. The major factors fueling the growth of the market are growing dependence on reimbursement, increasing prevalence of chronic diseases, and growing preventive care. Focus on early diagnostics and preventive care may in turn lead to higher activity within the diagnostic device industry, thus promoting more reimbursement share from them. For instance, a fundamental paradigm shift towards incentivizing early diagnosis through reimbursement is noticed across developed economies, such as by screening for breast cancer.

With an increasing demand for medical equipment, reimbursement services are expected to provide various opportunities for healthcare industries to poach upon. Additionally, the increasing number of people pursuing insurance, and consolidation of the healthcare system are major factors fueling the market.

North America dominated the market and accounted for the largest revenue share of about 50.0% in 2020, and is expected to maintain its dominance over the forecast period. Increasing adoption of healthcare device reimbursement and the rising awareness with regard to cost implications are expected to drive the market in the region. In addition, the rising demand for healthcare equipment and the increasing number of healthcare centers is expected to drive the market in this region. The growing prevalence of chronic diseases is driving the demand for various healthcare instruments. Even though the advent of COVID-19 has severely affected the medical device industry, demand for homecare medical equipment has increased. This, in turn, is positively impacting the reimbursement coverage of remote monitoring devices, wearable devices, home infusion equipment, and durable healthcare instruments.

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Medical Devices Reimbursement Market Report Highlights

• The private payer segment dominated the market with a share of 65.1% in 2020 due to the presence of a large number of private players
• The hospital segment dominated the market with a share of 53.4% in 2020 due to recent technological developments and high patient footfall requiring the use of healthcare instruments
• North America is expected to dominate the market over the forecast period owing to a strong reimbursement framework
• In the Asia Pacific, the market is projected to witness rapid growth during the forecast period owing to the rising penetration of insurance services in rural and urban areas

Access Press Release@ https://www.grandviewresearch.com/press-release/global-medical-devices-reimbursement-market

Medical Devices Reimbursement Market Segmentation

Grand View Research has segmented the global medical devices reimbursement market based on payer, healthcare setting, and region:

Medical Devices Reimbursement Payers Outlook (Revenue, USD Billion, 2016 - 2028)

• Public
• Private

Medical Devices Reimbursement Healthcare Setting Outlook (Revenue, USD Billion, 2016 - 2028)

• Hospitals
• Outpatient Facilities
• Others

Medical Devices Reimbursement Regional Outlook (Revenue, USD Billion, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Kuwait
  • UAE

List of Key Players of Medical Devices Reimbursement Market

• Aviva
• Nippon Life Insurance
• CVS Health
• WellCare Health Plans
• BNP Paribas
• Aetna
• Allianz
• Humana
• Cigna
• UnitedHealth Group

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.

Wealth Management Software Market to Rise at 13.5% CAGR from 2021 to 2028: Grand View Research Inc.

 

Wealth Management Software Market Growth & Trends

The global wealth management software market size is expected to reach USD 9.14 billion by 2028, registering a CAGR of 13.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing demand for efficient investment management, financial planning, and other forms of financial advice. Also, clients with High-Net-Worth (HNW) are seeking financial advice from a financial advisor, thereby driving the market growth.

Numerous businesses across the globe are focusing on taking advice from financial advisors about their financial assets. These advisors provide asset management services to their clients to increase their clients’ wealth. Furthermore, the increasing need to automate the wealth management processes in digital devices is anticipated to propel the global market over the forecast period.

Businesses are widely adopting wealth management software to manage their wealth and automate the workflow of financial processes. This software also helps businesses improve digital involvement through the provision of open architecture and omnibus access that can be easily integrated into numerous wealth administration applications. These aforementioned factors are expected to fuel the market growth over the forecast period.

The outbreak of the COVID-19 pandemic is expected to favorably impact the market. Asset and wealth managers are experiencing a time of exponential change. Numerous businesses are focusing on crisis management, finance and liquidity, operations and supply chain, tax and trade. This, in turn, is expected to create growth opportunities for the market players.

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Wealth Management Software Market Report Highlights

• Robo advisory segment is expected to witness significant growth over the forecast period as this platform is widely used to automate portfolio creation based on the income, an input of suitable risk parameters, and other facets of a client’s investment mandate
• Numerous businesses across the globe are focusing on deploying cloud-based solutions as it ensures easy access to data and enables businesses to deliver personalized services to their clients
• The increasing number of small and medium enterprises in various countries is expected to drive market growth over the forecast period
• Financial advisors are widely adopting financial advice and management solution to increase productivity, improve workflow efficiency, and enhance client relationships
• The trading and exchange firms segment is expected to witness significant growth over the forecast period as individuals are increasingly participating in forex and equity to augment their financial gains
• North America is witnessing an increase in the number of HNW individuals. This, as a result, is expected to create growth opportunities for the regional market growth

Access Press Release@ https://www.grandviewresearch.com/press-release/global-wealth-management-software-market

Wealth Management Software Market Segmentation

Grand View Research has segmented the global wealth management software market based on advisory mode, deployment, enterprise size, application, end-use, and region:

Wealth Management Software Advisory Mode Outlook (Revenue, USD Million, 2016 - 2028)

• Human Advisory
• Robo Advisory
• Hybrid

Wealth Management Software Deployment Outlook (Revenue, USD Million, 2016 - 2028)

• Cloud
• On-premise

Wealth Management Software Enterprise Size Outlook (Revenue, USD Million, 2016 - 2028)

• Large Enterprises
• Small & Medium Enterprises

Wealth Management Software Application Outlook (Revenue, USD Million, 2016 - 2028)

• Financial Advice & Management
• Portfolio, Accounting, & Trading Management
• Performance Management
• Risk & Compliance Management
• Reporting
• Others

Wealth Management Software End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Banks
• Investment Management Firms
• Trading & Exchange Firms
• Brokerage Firms
• Others

Wealth Management Software Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa

List of Key Players of Wealth Management Software Market

• Comarch SA
• Dorsum Ltd.
• Fidelity National Information Services, Inc.
• Finantix
• Fiserv, Inc.
• Objectway S.p.A.
• Profile Software
• SEI Investments Company
• SS&C Technologies Holdings, Inc.
• Temenos Headquarters SA

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.

Disposable Surgical Devices Market Report by Opportunity, Demand, Recent Trends, Major Driving Factors and Business Growth Strategies

 Disposable Surgical Devices Market Growth & Trends 

The global disposable surgical devices market size is expected to reach USD 9.3 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.8% from 2021 to 2028. The growing prevalence of chronic diseases, such as cardiovascular, neurological, urological, and infectious disorders, is expected to drive the overall market. Chronic diseases are a global healthcare concern, with over half of the adult population in the U.S. suffering from them, resulting in over 75% of the total healthcare expenditure. Thus, a rise in infectious and chronic diseases is expected to create a significant demand for disposable surgical devices.

Cancer has become a significant healthcare burden and a leading cause of death across the globe. According to the WHO, almost 1 in 6 deaths can be attributed to this disease. Estimates from the same source indicate that over 70% of cancer-related deaths typically occur in middle- and low-income countries. Thus, a steady rise in the number of curative, preventive, and diagnostic cancer surgeries has been observed globally, creating a high demand for disposable surgical equipment.

The growing number of road accidents is expected to augment the demand for disposable surgical instruments. According to the WHO, around 10 million people are injured or disabled due to road accidents every year, creating a demand for surgeries. Such wounds are commonly managed using surgical sutures. Hence, the increasing number of road accidents is expected to positively impact demand for disposable surgical sutures and staplers.

The increasing government initiatives for the usage of disposable medical devices to avoid hospital-associated infections are expected to boost the usage of single-use devices. The growing number of surgical procedures is expected to increase the need for disposable surgical devices. 

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Disposable Surgical Devices Market Report Highlights

• Based on product, surgical sutures and staplers held the largest share in 2020 owing to the increasing road accidents, leading to the adoption of wound closure surgeries. Electrosurgical devicesare expected to witness the fastest growth over the forecast period due to the growing usage of disposable electrosurgical devices in outpatient settings, such as ambulatory surgical centers
• By application, general surgery held the largest share in 2020 owing to the growing demand for general surgeries to avoid the transmission of infection, which is increasing the need for disposable surgical devices
• The plastic and reconstruction surgery application segment is expected to grow at the fastest rate over the forecast period. The growing number of plastic surgeries in various countries, such as the U.S., Brazil, and Mexico, is expected to propel the need for disposable surgical devices for the same
• North America held the largest share in 2020 on account of the high prevalence of chronic diseases in countries, like the U.S., and the growing adoption of disposable surgical devices in the region
• Asia Pacific is expected to register the fastest growth rate during the forecast period owing to the increasing road accidents in the region and the presence of a large patient pool seeking surgery

Access Press Release@ https://www.grandviewresearch.com/press-release/global-disposable-surgical-device-market

Disposable Surgical Devices Market Segmentation

Grand View Research has segmented the global disposable surgical devices market based on product, application, and region:

Disposable Surgical Device Product Outlook (Revenue, USD Million, 2016 - 2028)

• Surgical Sutures & Staplers
• Handheld Surgical Devices
• Electrosurgical Devices

Disposable Surgical Device Application Outlook (Revenue, USD Million, 2016 - 2028)

• Neurosurgery
• Plastic & Reconstructive Surgery
• Wound Closure
• Obstetrics & Gynecology
• Cardiovascular
• Orthopedic
• General Surgery
• Others

Disposable Surgical Device Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Disposable Surgical Devices Market

• Braun Melsungen AG
• Smith & Nephew plc
• Aspen Surgical
• Alcon Laboratories, Inc.
• Zimmer Biomet
• Medtronic
• Becton, Dickinson and Company
• Ethicon
• CooperSurgical Inc.
• Surgical Innovations

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.