Antimicrobial Additives Market Exhibit a Steady 8.5% CAGR through 2028

 

Antimicrobial Additives Market Growth & Trends

The global antimicrobial additives market size is expected to reach USD 4.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 8.5% from 2021 to 2028. The demand is ascending at a prominent rate owing to increasing product consumption in medical devices & equipment and other end-use industries, such as packaging, food & beverage, healthcare, personal care, and electronic goods. They are majorly utilized to enhance the physical as well as chemical properties, increase shelf life & aesthetic value of materials, and minimize the risk of microbes, such as MRSA and legionella.

The product demand is expected to increase majorly in the healthcare and packaging application industries owing to the Covid-19 pandemic. The continuously rising demand for healthcare and packaging products due to increasing cases of Covid-19 will positively impact the market growth. Asia Pacific is expected to dominate the global market due to the presence of major healthcare product manufacturers in the region.

According to the U.S. Centers for Disease Control and Prevention (CDC), each year about 1 in 25 patients is diagnosed with at least one health-related infection. Medical devices, such as urinary catheters, vascular access devices, or enteral feeding tubes, are particularly susceptible to the colonization of bacteria, which can enter the bloodstream. Thus, medical device manufacturing companies are focusing on using antimicrobial additives for blending with medical device polymers as these additives are highly successful in preventing bacterial colonization on the surface of device components.

On the basis of type, the global market is segmented into organic and inorganic. Inorganic was the prominent segment and accounted for 52.0% of the global revenue share in 2020. The inorganic type segment is expected to witness significant growth due to the high demand for silver-, copper-, and zinc-based additives. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, and providing protection against microbial growth.

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Antimicrobial Additives Market Report Highlights

• In terms of revenue, the inorganic type segment accounted for the highest share in 2020 and is expected to expand at the fastest CAGR over the forecast period
• The healthcare end-use segment dominated the global market and accounted for more than 25% of the overall revenue in 2020
• Asia Pacific accounted for the largest revenue share in 2020 and is estimated to register the fastest CAGR from 2021 to 2028
• The growth of the APAC regional market can be credited to the robust manufacturing base of the healthcare and textile industries across China, India, and Japan
• The industry is highly competitive and various strategic initiatives were recorded over the past few years to boost the market growth
• For instance, In November 2019, Sanitized AG partnered with Bodo Moller Chemie for the distribution of its “Sanitized” antimicrobial additives in the Eastern Europe market

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Antimicrobial Additives Market Segmentation

Grand View Research has segmented the global antimicrobial additives market on the basis of type, application, end-use, and region:

Antimicrobial Additive Type Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Organic
• Inorganic
  • Silver
  • Copper
  • Zinc

Antimicrobial Additive Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Plastics
• Paints & Coatings
• Pulp & Paper
• Others

Antimicrobial Additive End-use Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Healthcare
  • Minimally Invasive Medical Products
  • Endotracheal Tubes
  • Wound dressing
  • Surgical drapes
  • Syringes
  • Re-usable Medical items
    • Hospital Bedding
    • Dental trays
    • Beds
    • Hospital gowns
    • Orthopedic devices
    • Laparoscopic Instruments
    • Medical Scrubs
  • Packaging
    • Food Packaging
      • Active Packaging
      • Controlled Release Packaging
    • Non-food Packaging
  • Food & Beverage
    • Bakery Food
    • Beverages
    • Dairy
    • Meat Processing
  • Building & Construction
    • Insulation
    • Faucets & Fixtures
    • Door Hardware
    • Sealants & Grouts
    • Carpet
    • Paints
    • OSB
    • Melamine
    • Others
  • Automotive & Transportation
    • Passenger Cars
    • Light Commercial Vehicles
    • Heavy Commercial Vehicles
    • Train
    • Aeroplanes
  • Textile
    • Apparels
    • Home Textiles
    • Footwear
    • Sport Textiles
    • Non-woven
    • Others
  • Consumer Goods
    • Cleaning Products
    • Cosmetics
    • Toys
  • Others

Antimicrobial Additive Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • GCC Countries
  • South Africa

List of Key Players of Antimicrobial Additives Market

• NanoBioMatters Industries S.L.
• BASF SE
• RTP Company
• Milliken Chemical
• BioCote Ltd.
• Microban International
• Clariant AG
• PolyOne Corp.
• Momentive Performance Materials, Inc.
• Life Materials Technologies Ltd.
• SteriTouch Ltd.
• Sanitized AG
• Dow, Inc.
• LyondellBasell Industries Holdings B.V.
• Plastics Color Corp.
• Lonza

 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.

Automotive Wrap Films Market Industry Outlook & Future Forecast Report Till 2028: Grand View Research Inc.

 The global automotive wrap films market size is expected to reach USD 17.6 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at CAGR of 22.5% over the forecast period. High application scope, coupled with increasing demand from light duty vehicles, is likely to have a positive impact on market growth. The market has witnessed major advancements, both in terms of technology and material, to facilitate low cost and mass production of automotive wrap films. This has also led to flexibility in design and ease of manufacturing for a wide range of applications including heavy, medium, and light duty vehicles.

Demand for automotive wrap films in Asia Pacific is expected to register the fastest CAGR during the forecast period. Growing automotive industry, coupled with rising population and increasing disposable income of middle-class families in emerging economies of the region, is likely to be the primary driving factor in the coming years. Moreover, growing interest in vehicle color change among consumers is expected to propel demand for automotive wrap films in the region.

The medium duty vehicles segment is anticipated to witness considerable growth during the forecast period. Rapid industrialization, coupled with government initiatives to facilitate various policies in economies such as India, is projected to drive growth over the next few years. Growing population in the region also creates significant opportunities for development of the automotive wrap films market over the forecast period.

Growing construction, transportation, and industrial sectors are likely to increase sales of heavy-duty vehicles during the forecast period. Increasing demand for vehicle branding, coupled with rising number of heavy-duty vehicle sales in North America, is expected to have a positive impact on the demand for automotive wrap films in the coming years.

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https://www.grandviewresearch.com/industry-analysis/automotive-wrap-film-market

Further key findings from the report suggest:

• Light-duty vehicles are expected to be the fastest growing application segment in the automotive wrap films market
• North America was estimated as the largest market for automotive wrap films in 2019, owing to increasing demand for vehicle branding, coupled with rising number of heavy-duty vehicle sales in the region
• S. is the fastest growing country in the North America market on account of rising demand for customized vehicles.

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Grand View Research has segmented the global automotive wrap films market on the basis of basis of application and region:

Automotive Wrap Films Application Outlook (Revenue, USD Million, 2016 - 2027)

• Heavy duty vehicles
• Medium duty vehicles
• Light duty vehicles

Automotive Wrap Films Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Belgium
  • Netherlands
  • Spain
  • Poland
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • Indonesia
  • Malaysia
  • Thailand
  • New Zealand
  • Philippines
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

About Grand View Research

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

Cold Storage Market to Rear Excessive Growth CAGR of 13.5% from 2021 to 2028

 

Cold Storage Market Growth & Trends

The global cold storage market size is expected to reach USD 291.30 billion by 2028, according to a new study conducted by Grand View Research, Inc. It is projected to expand at a CAGR of 13.5% from 2021 to 2028. The retail sector in emerging economies, such as India and China, is getting more organized and this trend is expected to augment the demand for cold storage over the forecast period. Government policies to deregulate the entry of foreign companies have increased the Foreign Direct Investment (FDI) in the retail sectors of such regions.

Organized retail stores use better refrigeration and improved storage technology than traditional stores. Thus, consumers are increasingly purchasing frozen foods from these retail stores. With the increased demand for chilled and frozen foods and the rapidly expanding of the organized retail sector, the demand for cold storage solutions is expected to grow over the projected period. The organized retail supports different outlet formats depending on spending power and proximity from major residential and consumption clusters.

The offline mode of organized retailing is categorized into convenience stores, supermarkets, and hypermarkets based on the product range and surface coverage. On the other hand, the lack of power hook-ups for reefer trailers at transportation hubs and ports coupled with the lack of reliable power supply for cold warehouses further increases the operating costs.

However, this also offers opportunities for companies to develop unique solutions or leverage alternative energy sources that can overcome these issues in emerging markets. Furthermore, new transportation means, such as versatile refrigerated containers, are being developed to overcome the lack of adequate transportation facilities. These solutions can provide access to international markets and offer opportunities for farmers and small-scale businesses in these regions.

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Cold Storage Market Report Highlights

• Low carbon design, environmental auditing, and construction of energy-efficient cold storage warehouses are the factors anticipated to fuel the demand for cold storage
• Growing supermarket shopping culture and rising consumer preference towards private labels are the key factors for the expansion of food retail chains across the globe
• The frozen segment is anticipated to expand at a CAGR of 12.5%. The growth is attributed to the significant changes in living standards and food consumption behavior of consumers
• The processed food application is anticipated to witness a high CAGR of 16.7% over the projected period
• Having realized that the market for cold storage in Japan is increasingly being saturated, the cold storage operators in the country would be looking for opportunities to increase the international trade
• The key market players include Barloworld Limited (South Africa), VersaCold Logistics Services (Canada), Cloverleaf Cold Storage (U.S.), and Henningsen Cold Storage (U.S.)

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Cold Storage Market Segmentation

Grand View Research has segmented the global cold storage market based on warehouse type, construction type, temperature type, application, and region:

Cold Storage Warehouse Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Private & Semi-private
• Public

Cold Storage Construction Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Bulk Storage
• Production Stores
• Ports

Cold Storage Temperature Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Chilled
• Frozen

Cold Storage Application Outlook (Revenue, USD Billion, 2017 - 2028)

• Fruits & Vegetables
• Dairy
• Fish, Meat & Seafood
• Processed Food
• Pharmaceuticals

Cold storage Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of Cold Storage Market

• Americold Logistics, LLC
• Burris Logistics
• Barloworld Limited
• Cloverleaf Cold Storage
• Henningsen Cold Storage
• Swire Group
• Wabash National 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 Polymers Market Size is Expected to Reach $27.75 Billion by 2028| Top Industry Leaders Celanese Corporation, Eastman Chemicals

 

Medical Polymers Market Growth & Trends

The global medical polymers market size is anticipated to reach a value of USD 27.75 billion by the end of the forecast period in 2028, as per a new market study by Grand View Research, Inc. It is projected to expand at a CAGR of 8.0% from 2021 to 2028. Growing demand for medical and pharmaceutical packaging, especially flexible packaging for medicines, blood bags, surgical gloves, and medical drapes, has been driving the market growth over the last few years. The growing importance of medical polymers in hip and joint replacement applications, and spinal and cranial implants, is gaining popularity and is expected to significantly impact the market growth.

The medical devices and equipment was the largest application segment for medical polymers, with a market share of 53.80% in 2020. The growing scope of flexible packaging in medical goods is anticipated to drive the growth of the segment. The increasing consumer awareness of hygiene further supports the demand for flexible packaging in medical goods. The rise of the home healthcare market has contributed to the growing popularity of medical polymers, and this trend is expected to continue in the forthcoming years.

Increasing R&D spending for biodegradable plastics coupled with application development by market participants is anticipated to create promising prospects for market growth. PVC and PP occupy the largest market share due to various superior attributes such as high mechanical, thermal, chemical strength, wear and corrosion resistance, and high resilience and endurance levels. This allows these materials to be consumed in various medical applications. However, raw material price volatility and crude oil price fluctuation can impact market growth.

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Medical Polymers Market Report Highlights

• In terms of product, the fibers and resins segment occupied a market share of 74.36% in 2020. The high demand can be attributed to the better thermal and chemical resistance properties of the product
• The biodegradable plastics segment is anticipated to register a CAGR of 15.7% during the forecast period. The rising adoption of biodegradable plastics in the manufacturing of a range of medical equipment and its growing use in prosthetics for replacement procedures is anticipated to drive the demand during the forecast period
• The medical devices and equipment segment is projected to dominate the demand in terms of application, with a market share of 53.8% in 2020. Increasing use of polymers in the manufacturing of implants, joint & hip replacements, and cardiology stents are projected to drive the market growth during the forecast period
• The Asia Pacific region is anticipated to dominate the demand for medical polymers in terms of production and consumption. The region is estimated to expand at a CAGR of 9.2% during the forecast period. Improvement in the standard of living, rising awareness about the benefits of medical polymers compared to their traditional counterparts, and rise in home healthcare devices have been the factors driving the regional demand

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

Medical Polymers Market Segmentation

Grand View Research has segmented the global medical polymers market based on product, application, and region:

Medical Polymers Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Medical Resins & Fibers
  • Polyvinyl Chloride
  • Polypropylene
  • Polyethylene
  • Polystyrene
  • Others
• Medical Elastomers
  • Styrene Block Co-polymer
  • Rubber Latex
  • Others
• Biodegradable Plastics

Medical Polymers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Medical Equipment & Devices
• Medical Packaging
• Others

Medical Polymers Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Medical Polymers Market

• Evonik Industries AG
• DSM N.V.
• BASF SE
• Celanese Corporation
• Eastman Chemical
• Exxon Mobil Corporation
• Kraton Performance Polymers Inc.
• Formosa Plastics 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.

Immunoassay Market Share, Growth Analysis And Industry Size Forecasts To 2028: Grand View Research Inc.

 

Immunoassay Market Growth & Trends 

The global immunoassay market size is expected to reach USD 36.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.7% from 2021 to 2028. The introduction of PoC rapid tests and automated immunoassay analyzers is driving the market growth. In addition, the rising number of chronic and infectious diseases is also leading to high market growth.

According to the American Cancer Society, there are an estimated 16.9 million cancer patients/survivors in 2020. Data from the same source suggests that over 1.8 million new cases are expected to be diagnosed in the same year. Around 1.8 million cancer cases were diagnosed in the U.S., according to National Cancer Institute 2019 data. According to the American Cancer Society, nearly 606,880 deaths occurred due to cancer in the U.S. in 2019. Thus, the rise in the number of cancer cases being diagnosed is driving the demand for immunoassays. This is expected to boost the market in the coming years.

Furthermore, growing awareness about infectious diseases and preventive measures has led to high demand for rapid diagnostic test products, thereby increasing sales. Based on a survey by the WHO on the World malaria report 2018, manufacturers reported sales of 276 million for lateral flow assays in 2017. It also reported that around 75.0% of malaria cases were diagnosed using lateral flow assays in sub-Saharan Africa in 2017.

Several smartphone-based devices and associated tools have emerged as next-generation point-of-care diagnostics or testing devices, boosting the market growth. For instance, a smartphone application combined with the autonomous capillary microfluidic chip is used for rapid testing of cardiac troponin I in myocardial infarction. This platform can be easily used in resource-limited settings, providing test results within 12 minutes. Thus, novel technological advancements are anticipated to further drive the market over the forecast period.

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Immunoassay Market Report Highlights

• In 2020, the Enzyme Immunoassays (EIA) segment held the largest revenue share as this technique is used for detecting specific antigens or antibodies in samples. This technique aids in the precise detection of chronic and infectious diseases
• The rapid tests segment also held a significant revenue share in 2020 due to the rise in demand for early diagnosis
• The infectious disease testing segment dominated the market in 2020 due to the rise in the incidence of infectious diseases such as HIV, malaria, influenza, and the novel COVID-19
• The clinical laboratories segment is anticipated to grow at a rapid pace over the forecast period owing to the increasing establishment of diagnostic labs in key regions and the large number of tests being conducted by them
• North America accounted for the largest regional market share in 2020. Well-established healthcare infrastructure and easy availability of technologically advanced instruments in the U.S. are some of the leading factors that can be attributed to the large segment share of this region

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

Immunoassay Market Segmentation

Grand View Research has segmented the global immunoassay market report on the basis of product, technology, application, end use, and region:

Immunoassay Product Outlook (Revenue, USD Million, 2016 - 2028)

• Reagents & Kits
• Analyzers/Instruments
  • Open-Ended Systems
  • Closed-Ended Systems
• Software & Services

Immunoassay Technology Outlook (Revenue, USD Million, 2016 - 2028)

• Radioimmunoassay (RIA)
• Enzyme Immunoassays (EIA)
  • Chemiluminescence Immunoassays (CLIA)
  • Fluorescence Immunoassays (FIA)
• Rapid Test
• Others

Immunoassay Application Outlook (Revenue, USD Million, 2016 - 2028)

• Therapeutic Drug Monitoring
• Oncology
• Cardiology
• Endocrinology
• Infectious Disease Testing
• Autoimmune Diseases
• Others

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

• Hospitals
• Blood Banks
• Clinical Laboratories
• Pharmaceutical and Biotech Companies
• Academic Research Centers
• Others

Immunoassay Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Immunoassay Market

• Siemens Healthineers
• bioMérieux SA
• Abbott Laboratories
• Danaher Corporation (Beckman Coulter)
• Quidel Corporation
• Ortho Clinical Diagnostics
• Sysmex Corporation
• Bio-Rad Laboratories, Inc.
• Becton, Dickinson, and Company
• Hoffmann-La Roche AG
• Thermo Fisher Scientific, 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.

Plastic Compounding Market is Growing at Significant Rate, 2028: Grand View Research Inc.

 Plastic Compounding Market Growth & Trends

The global plastic compounding market size is anticipated to reach USD 93.1 billion by 2028, according to a report by Grand View Research, Inc., growing at a CAGR of 5.5% over the forecast period. Rapidly developing construction and automobile sectors are anticipated to drive the demand for interiors, exteriors, and under-the-hood components. The rising scope of application of plastic compounding in under-the-hood components in the automotive industry, in building interiors and exteriors in the construction & infrastructure industries, and in the electronics, durables, and wires & cables industries is anticipated to fuel the market growth.

However, the COVID-19 outbreak has affected the raw material prices of plastic compounding. Recently, crude oil prices slumped due to the global pandemic. A decline in demand, halts or slowdowns in the manufacturing industry, and restrictions in supply & travel are resulting in the reduction of crude oil prices. Thus, the raw material providers who can procure or store crude oil in the current situation can generate a significant profit margin.

Polyethylene Terephthalate (PET) is the plastic used for manufacturing bottle containers that are used for packaged water and carbonated beverages. As a raw material, PET is recognized as a safe, strong, flexible, non-toxic, and lightweight material that is 100% recyclable. Hence, it has gained wide acceptability and, in turn, is anticipated to drive the market growth over the forecast period.

Asia Pacific was the leading market for the PET compound segment in 2019. Ever-increasing demand for beverages, mainly carbonated and nutritional drinks, is anticipated to drive the regional consumption of PET compounds. This trend is favored by a rise in population, changing lifestyles, and the emergence of domestic beverage manufacturers. The presence of a large pool of contract bottlers in the region shall also increase the scope of the packaging application segment.

Traditionally, the construction industry has been a major consumer of plastics with product applications ranging from pipe fittings and insulation to masonry materials and equipment. Plastic compounds are modified in accordance with their requirements. For instance, flame retardant additives are added to Polyvinyl Chloride (PVC) compounds.

Developing countries, such as Mexico, are expected to benefit from the rising construction spending and inclination of consumers toward utilizing sustainable and lightweight building materials in place of conventional materials. The expanding automotive sector and changing consumer buying behavior, from considering cars as luxuries to necessities, are also significant factors anticipated to boost the plastics sector growth.

The COVID-19 pandemic has affected the revenue generation of the companies operating in the global market. For instance, SABIC, one of the prominent players, witnessed a decline in revenue in the first quarter of 2020 by 18% as compared to the first quarter of 2019 due to decreased product demand as a result of challenges in supply/demand balance caused by the pandemic.

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Plastic Compounding Market Report Highlights

• The global market was valued at USD 61.4 billion in 2020 and is estimated to grow at a CAGR of 5.5% from 2021 to 2028
• In terms of revenue, Polypropylene (PP) held the largest revenue share in 2020 as it is the most consumed product
• High demand for PP from the global packaging and medical device industries is estimated to drive the segment growth over the forecast period
• Increasing requirement for flame retardancy, heat resistance, and improved serviceability is anticipated to drive the product demand in the electronics and electrical industry
• Construction is the leading application segment for Polyethylene (PE) compounds, with the segment accounting for a mass application globally
• Major manufacturers have been acquiring independent compounding facilities, rather than establishing plants, to strengthen their position in the global market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-plastic-compounding-market

Plastic Compounding Market Segmentation

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

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

• Polyethylene (PE)
• Polypropylene (PP)
• Thermoplastic Vulcanizates (TPV)
• Thermoplastic Polyolefins (TPO)
• Poly Vinyl Chloride (PVC)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
• Polybutylene Terephthalate (PBT)
• Polyamide (PA)
• Polycarbonate (PC)
• Acrylonitrile Butadiene Styrene (ABS)
• Others

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

• Automotive
• Building & Construction
• Electrical & Electronics
• Packaging
• Consumer Goods
• Industrial Machinery
• Medical Devices
• Optical Media
• Others

Plastic Compounding Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Plastic Compounding Market

• BASF SE
• LyondellBasell Industries N.V.
• Dow, Inc.
• DuPont
• RTP Company, Inc.
• S&E Specialty Polymers, LLC
• Covestro AG
• Kraton Polymers, 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.

Dark Fiber Network Market Will See Strong Expansion Through 2028: Grand View Research Inc.

 Dark Fiber Network Market Growth & Trends

The global dark fiber network market size is estimated to reach USD 10.05 billion by 2028, according to the new report by Grand View Research, Inc. It is projected to expand at a CAGR of 9.3% from 2021 to 2028. Dark fiber has emerged as a sustainable solution for various organizations that are focusing on enhanced communication and network management. Continuously increasing penetration of internet services over the period has paved the way for the high demand for internet bandwidth. This demand is expected to remain rampant over the forecast period. This is the most significant factor responsible for market growth across the globe. The market is strongly supported by companies with a high reliance on internet connectivity. These networks are highly beneficial for organizations with a high volume of data flow in their operation. These benefits include reduced network latency, scalability, reliability, and enhanced security.

In fiber-optic communications, fiber optic cables that are not yet put in service by a provider or carrier, are termed as dark fiber or unlit fiber. Network communications and telecom usually use the network, and currently, there are lots of dark fiber cables across the globe. In regular fiber networks, information is sent through the cables in light pulses. Whereas, dark fiber networks are known to be ‘dark’ as no light or data is transmitted from them.

Dark fiber networks can be installed and set up using point-to-multipoint or point-to-point configurations. Dense Wavelength Division Multiplexing (DWDM) is an essential factor for the improvement and development of dark fiber networks. DWDM occurs when many data signals are transmitted using the same optical fiber at the same time. Although these signals are transmitted around the same time, they are transmitted at separate and unique wavelengths to keep these data signals separate. The significant benefits of DWDM include an increase in bandwidth of the optical fiber, high-quality internet performance, lightning-fast internet, and a secure and powerful network.

Dark fiber networks are not just used for business purposes but can be installed beneath land and oceans. Some of the interesting use cases of dark fiber include earthquake research and monitoring permafrost. Amongst many advantages, some of the disadvantages of the dark fiber network include high initial cost and loss of time in setting up your infrastructure, and high repairing and maintenance costs. Similarly, large dark fiber networks are currently available in metropolitan cities only and are yet to become available in small cities and towns.

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Dark Fiber Network Market Report Highlights

• The significant benefits of DWDM include an increase in bandwidth of the optical fiber, high-quality internet performance, lightning-fast internet, and secure and powerful network
• Telecommunication is anticipated to present promising growth prospects due to the growing adoption of the 5G technology in communication and data transmission services
• Medical and military and aerospace application segments are poised to witness significant growth, attributed to the increasing adoption of optic technology devices
• Asia Pacific is expected to witness the fastest growth owing to technological advancements and large-scale adoption of the technology in the IT and telecommunication and administrative sectors
• The key market players include AT&T, Inc.; Colt Group SA; Comcast Corporation; Consolidated Communications; Interoute Communications Ltd.; Level 3 Communications, Inc. (CenturyLink, Inc.); NTT Communications; and Verizon Communications, Inc.
• The report provides lease pricing estimations for the year 2020 for both metro and non-metro regions for prominent countries. These price estimations are provided for various dark fiber distance brackets

Access Press Release@ https://www.grandviewresearch.com/press-release/global-dark-fiber-networks-market

Dark Fiber Network Market Segmentation

Grand View Research has segmented the global dark fiber network market based on fiber type, network type, application, and region:

Dark Fiber Network Fiber Type Outlook (Revenue, USD Million, 2017 - 2028)

• Single Mode
• Multi-mode

Dark Fiber Network Type Outlook (Revenue, USD Million, 2017 - 2028)

• Metro
• Long-haul

Dark Fiber Network Application Outlook (Revenue, USD Million, 2017 - 2028)

• Telecom
• Oil & Gas
• Military & Aerospace
• BFSI
• Medical
• Railway
• Others

Dark Fiber Network Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of the Key Players in the Dark Fiber Network Market

• AT&T Intellectual Property
• Colt Technology Services Group Limited
• Comcast, Consolidated Communications
• GTT Communications, Inc.
• Level 3 Communications, Inc. (CenturyLink, Inc.)
• NTT Communications Corporation
• Verizon Communications, Inc.
• Windstream Communications
• Zayo Group, LLC

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.

Plastic Compounding Market Expected to Witness a Sustainable Growth over 2028: Grand View Research Inc.

 Plastic Compounding Market Growth & Trends

The global plastic compounding market size is anticipated to reach USD 93.1 billion by 2028, according to a report by Grand View Research, Inc., growing at a CAGR of 5.5% over the forecast period. Rapidly developing construction and automobile sectors are anticipated to drive the demand for interiors, exteriors, and under-the-hood components. The rising scope of application of plastic compounding in under-the-hood components in the automotive industry, in building interiors and exteriors in the construction & infrastructure industries, and in the electronics, durables, and wires & cables industries is anticipated to fuel the market growth.

However, the COVID-19 outbreak has affected the raw material prices of plastic compounding. Recently, crude oil prices slumped due to the global pandemic. A decline in demand, halts or slowdowns in the manufacturing industry, and restrictions in supply & travel are resulting in the reduction of crude oil prices. Thus, the raw material providers who can procure or store crude oil in the current situation can generate a significant profit margin.

Polyethylene Terephthalate (PET) is the plastic used for manufacturing bottle containers that are used for packaged water and carbonated beverages. As a raw material, PET is recognized as a safe, strong, flexible, non-toxic, and lightweight material that is 100% recyclable. Hence, it has gained wide acceptability and, in turn, is anticipated to drive the market growth over the forecast period.

Asia Pacific was the leading market for the PET compound segment in 2019. Ever-increasing demand for beverages, mainly carbonated and nutritional drinks, is anticipated to drive the regional consumption of PET compounds. This trend is favored by a rise in population, changing lifestyles, and the emergence of domestic beverage manufacturers. The presence of a large pool of contract bottlers in the region shall also increase the scope of the packaging application segment.

Traditionally, the construction industry has been a major consumer of plastics with product applications ranging from pipe fittings and insulation to masonry materials and equipment. Plastic compounds are modified in accordance with their requirements. For instance, flame retardant additives are added to Polyvinyl Chloride (PVC) compounds.

Developing countries, such as Mexico, are expected to benefit from the rising construction spending and inclination of consumers toward utilizing sustainable and lightweight building materials in place of conventional materials. The expanding automotive sector and changing consumer buying behavior, from considering cars as luxuries to necessities, are also significant factors anticipated to boost the plastics sector growth.

The COVID-19 pandemic has affected the revenue generation of the companies operating in the global market. For instance, SABIC, one of the prominent players, witnessed a decline in revenue in the first quarter of 2020 by 18% as compared to the first quarter of 2019 due to decreased product demand as a result of challenges in supply/demand balance caused by the pandemic.

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Plastic Compounding Market Report Highlights

• The global market was valued at USD 61.4 billion in 2020 and is estimated to grow at a CAGR of 5.5% from 2021 to 2028
• In terms of revenue, Polypropylene (PP) held the largest revenue share in 2020 as it is the most consumed product
• High demand for PP from the global packaging and medical device industries is estimated to drive the segment growth over the forecast period
• Increasing requirement for flame retardancy, heat resistance, and improved serviceability is anticipated to drive the product demand in the electronics and electrical industry
• Construction is the leading application segment for Polyethylene (PE) compounds, with the segment accounting for a mass application globally
• Major manufacturers have been acquiring independent compounding facilities, rather than establishing plants, to strengthen their position in the global market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-plastic-compounding-market

Plastic Compounding Market Segmentation

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

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

• Polyethylene (PE)
• Polypropylene (PP)
• Thermoplastic Vulcanizates (TPV)
• Thermoplastic Polyolefins (TPO)
• Poly Vinyl Chloride (PVC)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
• Polybutylene Terephthalate (PBT)
• Polyamide (PA)
• Polycarbonate (PC)
• Acrylonitrile Butadiene Styrene (ABS)
• Others

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

• Automotive
• Building & Construction
• Electrical & Electronics
• Packaging
• Consumer Goods
• Industrial Machinery
• Medical Devices
• Optical Media
• Others

Plastic Compounding Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Plastic Compounding Market

• BASF SE
• LyondellBasell Industries N.V.
• Dow, Inc.
• DuPont
• RTP Company, Inc.
• S&E Specialty Polymers, LLC
• Covestro AG
• Kraton Polymers, 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.

Polyvinyl Alcohol Films Market to Partake Significant Development During 2021 to 2028: Grand View Research Inc.

 Polyvinyl Alcohol Films Market Growth & Trends

The global polyvinyl alcohol films market size is expected to reach USD 551.59 million by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.3% from 2021 to 2028. Sustainable packaging is in high demand on account of its ability to aid in the reduction of landfills and compliance with stringent regulations related to packaging. In addition, sustainable packaging solutions have gained importance on account of safety, performance, and convenience in the packaging of products.

PVA films are widely used as eco-friendly polymers and have contributed significantly to the growth of the sustainable packaging industry. Increasing government initiatives to support green packaging is also expected to be the key driving factor for the market. However, volatile raw material prices are expected to be a key challenge to the growth over the forecast period. The increasing global population, coupled with growing disposable income is offering high Purchase Power Parity (PPP) that has resulted in an improved standard of living. This is resulting in additional services being adopted, such as laundry services, in their daily routine.

The bags used in laundries are mostly manufactured using PVA films as it becomes easier for disposal. As a result, the booming laundry service industry is projected to contribute to the steady growth of the market. Growing hygiene consciousness among the consumers coupled with rising standards of living is propelling demand for detergents. In addition, the growth witnessed by the hospitality industry is also contributing significantly to the production of detergents. This, in turn, is augmenting the overall demand for PVA films in the detergent packaging industry.

Agrochemical packaging is another major driver for the market. Agrochemicals, such as pesticides, insecticides, herbicides, fertilizers, and other chemicals, are witnessing high demand in the agricultural sector. Thus, creating lucrative growth opportunities for PVA films.

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Polyvinyl Alcohol Films Market Report Highlights

• The global market was valued at USD 367.31 million in 2020 and is estimated to grow at a CAGR of 5.3% from 2021 to 2028
• Detergent packaging emerged as the leading product segment and accounted for over 37% of the total market revenue in 2020
• North America accounted for 32.1% of the total demand for PVA films in 2020 due to the high demand for detergent packaging, which is driven by the increased penetration of automatic washers in the region
• Product demand in Asia Pacific is slated to grow at a CAGR of 6.2% over the forecast period. China was the largest producer and consumer of PVA films in Asia Pacific in 2020 and this trend is expected to continue over the forecast period

Access Press Release@ https://www.grandviewresearch.com/press-release/global-polyvinyl-alcohol-films

Polyvinyl Alcohol Films Market Segmentation

Grand View Research has segmented the global polyvinyl alcohol films market on the basis of application and region:

PVA Films Application Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

• Detergent packaging
  • Consumer Detergent
  • Industrial Detergent
• Agrochemical Packaging
• Laundry Bags
• Embroidery
• Others

PVA Films Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Polyvinyl Alcohol (PVA) Films Market

• Aicello Corp.
• Changzhou Water Soluble Co., Ltd.
• Arrow GreenTech Ltd.
• Mitsubishi Chemical Corp.
• Kuraray Co., Ltd.
• Cortec Corp.
• AMC (U.K.) Ltd.
• MSD Corp.
• Sekisui Chemical Co., Ltd.
• Chang Chun 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.

Set Top Box Market to Register Stable Expansion During The Forecast Period: Grand View Research, Inc.

 

Set Top Box Market Growth & Trends

The global set top box market demand is expected to reach 357.0 million units by 2028, registering a CAGR of over 4% in terms of volume from 2021 to 2028, according to a new report by Grand View Research, Inc. Mandates regarding the digitization of TV broadcasting issued by various governments across developing countries worldwide and the growing preference for smart TVs among consumers are some of the critical factors that are expected to drive the market growth. The growing preference for High Definition (HD) channels and the popularizing trend among broadcasters to offer various value-added services, including subscription packages, are also poised to trigger the demand for set top box (STB) over the forecast period.

The STB demand has witnessed a dramatic surge over the past few years owing to the continued efforts by the industry players to enhance the television experience for viewers by offering facilities, such as digital video recording, improved picture and sound quality, and storage options. As a result, cable service providers, telecommunication companies, and digital satellite providers are actively involved in the promotion and installation of STBs. Although the market has been witnessing dwindling sales and subsequently sluggish growth in the wake of the outbreak of the COVID-19 pandemic, the rising OTT viewership and growing preference for engaging media content has helped the market recover and grow gradually.

The rising adoption of Android and hybrid STBs in line with the growing popularity of OTT platforms is creating considerable growth opportunities for market incumbents. OTT STBs are increasingly gaining traction across the Pay-TV broadcasting scenario in the emerging markets with abundant availability of free video content. Moreover, major OTT platforms, such as Netflix and Amazon, have also been offering high-quality 4K content to their subscribers, thereby driving the STB demand and subsequently supporting significant revenue generation.

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Set Top Box Market Report Highlights

• Few companies in the market have introduced their 4K UHD variants as part of the efforts to strengthen their position in the market. As a result, other competitors have also embarked upon efforts to launch their respective STB versions
• In North American countries, government bodies, such as the Federal Communications Commission (FCC), have drafted various standards about STB installation and content creation, thereby creating lucrative opportunities for the growth of the regional market over the forecast period
• Rising awareness among consumers regarding the latest STBs that can support OTT and IPTV coupled with the continued rollout of high-speed broadband infrastructure across the emerging economies is projected to boost the STB demand over the forecast period
• Few market players are introducing STBs that can support major OTT platforms, such as Netflix, Amazon Prime, and Hulu, as part of the efforts to strengthen their position in the market

Access Press Release@ https://www.grandviewresearch.com/press-release/set-top-box-market

Set Top Box Market Segmentation

Grand View Research has segmented the global set top box market based on product, content quality, and region:

Set Top Box Product Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• IPTV
• Satellite
• Cable
• DTT
• OTT

Set Top Box Content Quality Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

• HD & Full HD
• 4K & Above

Set Top Box Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

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

List of Key Players in the Set Top Box Market

• Commscope (ARRIS International, plc)
• Coship Electronics Co.Ltd.
• Huawei
• Kaonmedia Co., Ltd.
• Sagemcom SAS
• Samsung Electronics Co. Ltd.
• Technicolor SA
• Advanced Digital Broadcast (ADB)

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.