Enhanced Oil Recovery Market Booming Trends and Forecast Assessment for the Period 2020 to 2027

 

Enhanced Oil Recovery Market Growth & Trends

The global enhanced oil recovery market size is expected to reach USD 62.1 billion by 2027, escalating at a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. A growing number of ageing wells witnessing declining production rates coupled with rising government investment in research and development activities is likely to drive the market over the forecast period.

Increasing technological advancements are enabling E&P companies to revive old wells and thus attain optimum production. This trend is estimated to positively influence industry growth. The increasing number of mature wells and investments in R&D activities for new technology development by various market players to improve the oil recovery process will result in the growth of the industry.

Industry participants enter into several strategic collaborations, such as mergers & acquisitions and joint ventures, to expand their foothold across various regional markets and develop economic technologies. The technologies used in enhanced oil recovery (EOR) are mostly in-housed by the companies. To further reduce the overall operational costs, market players procure raw materials, such as nitrogen, carbon dioxide, polymer, and others, from small-scale regional companies.

The COVID-19 pandemic has severely disrupted the oil & gas market with drastically plummeting oil prices resulting in delayed drilling projects. Moreover, the demand for crude oil is anticipated to drop further due to reduced industrial activity and transport. These factors are expected to negatively affect market growth in the near future.

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Enhanced Oil Recovery Market Report Highlights

• The thermal technology segment occupied the largest market share in 2019. Thermal technology lowers the oil viscosity and increases its mobility ratio, thereby enhancing the oil recovery process
• CO2 injection technology is anticipated to be the fastest-growing segment over the forecast period as it helps reduce carbon emissions by utilizing those emissions for refineries and coal-based power plants
• Onshore application segment occupied the largest market share in 2019 owing to the presence of onshore exploration and production projects across the world along with lower conventional extraction costs for onshore oilfields
• North America led the global market in 2019 owing to the presence of a large number of existing and new EOR projects under operation across the region in the U.S. and Canada
• Asia Pacific is expected to witness the fastest growth rate over the forecast period owing to the rise in EOR activities in countries, such as China, Malaysia, Indonesia, and India

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Enhanced Oil Recovery Market Segmentation

Grand View Research has segmented the global enhanced oil recovery market on the basis of technology, application, and region:

EOR Technology Outlook (Volume, Million bbl; Revenue, USD Million, 2016 - 2027)

• Thermal
• CO2 Injection
• Chemical
• Others

EOR Application Outlook (Volume, Million bbl; Revenue, USD Million, 2016 - 2027)

• Onshore
• Offshore

EOR Regional Outlook (Volume, Million bbl; Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
  • Canada
• Europe
  • Russia
  • The U.K.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • Oman
  • Saudi Arabia

List of Key Players of Enhanced Oil Recovery Market

• ExxonMobil Corporation
• BP plc
• Royal Dutch Shell plc
• Total SA
• Chevron 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.

Silane Market is Expected to Amplify USD 1.4 Billion Value by 2027: Grand View Research Inc.

 Silane Market Growth & Trends

The global silane market size is expected to reach USD 1.4 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. High demand for silane as an adhesion promoter in the adhesives & sealants segment and as a coupling agent in paints & coatings segment is driving the market globally. The extensive use of the product in various types of paints and coatings used in the building & construction industry has led to a rise in its demand. Companies, such as Shin-Etsu Chemical Co., Ltd., Dow Corning, Momentive Performance Materials Inc., Power Chemicals Corporation, and Wacker Chemie AG, are among the top manufacturers of silane for paints & coatings industry.

Silane is used as an adhesion promoter in the coatings industry and is also used as a crosslinking agent, as well as in pigment treatment. It improves the UV resistance, adhesion, water & chemical resistance, flow behavior, and pigment & filler dispersion of coatings. Silane coupling agents enable the paint to display an enhanced performance. Synthetic elastomers and other coatings face adhesion issues after being exposed to water and moisture. Using silane as an adhesion promoter can eliminate these problems.

The growth of the automotive industry on account of the technological advancements and the rising requirement for silane-based rubber products for tire manufacturing is expected to fuel the market demand globally. Silane is used as a coupling agent between non-black pigments and the polymer backbone in rubber compounding. It allows the rubber to exhibit improved rolling & abrasion resistance, higher compound modulus, and enhanced compression, leading to its usage in tires in the automotive industry.

The automotive industry has been a crucial part of the global economies for many years on account of the presence of multiple international automobile manufacturers across the world. Key multinational automakers including Volkswagen Group, Daimler, Subaru, Hyundai, KIA, Honda Motor Company, Nissan Motor Company, Mitsubishi, Fiat Chrysler Automobiles, Toyota Motor Corporation, Ford Motor Company, and General Motors have been structuring automotive industry on a global scale. The growth of these end-use sectors is anticipated to boost the demand for silane over the forecast period.

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Silane Market Report Highlights

• Mono/chloro silane is expected to witness the fastest CAGR of 4.6%, in terms of volume, from 2020 to 2027
• This growth is due to increasing demand for the product as an intermediate in the production of ultrapure silicon used in the semiconductor industry and as a protecting agent in the pharmaceutical industry
• Paints & coatings application is expected to be the fastest-growing segment, in terms of volume, from 2020 to 2027, due to high demand from the rapidly growing building & construction sector across emerging economies of Central America and the Asia Pacific
• Asia Pacific is expected to register the fastest growth rate of 4.8%, in terms of volume, from 2020 to 2027 owing to increasing penetration of automobile manufacturers and rising construction projects across China, India, and South Korea
• Key companies focus on research & development activities for product development and process innovation

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Silane Market Segmentation

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

Silane Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Alkyl Silane
• Sulfur Silane
• Amino Silane
• Vinyl Silane
• Epoxy Silane
• Methacrylate Silane
• Mono/Chloro Silane
• Others

Silane Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Paints & Coatings
• Adhesives & Sealants
• Rubber & Plastics
• Fiber Treatment
• Electronics & Semiconductor
• Others

Silane Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Silane Market

• Gelest, Inc.
• Shin-Etsu Chemical Co. Ltd.
• Nitrochemie Aschau GmbH
• Silar (Entegris)
• Dow Corning
• Evonik Industries
• Wacker Chemie AG
• Power Chemical 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.

Gluten-Free Products Market to Witness Soaring Growth During 2020 – 2027: Grand View Research Inc.

 The global gluten-free products market size is projected to reach USD 43.65 billion by 2027, exhibiting a CAGR of 9.2% during the forecast period, according to a new report published by Grand View Research, Inc. The rising prevalence of lifestyle-related diseases has favored is driving the product demand. Increasing instances of diseases, most notably chronic and non-communicable diseases leading to disability or death have bolstered the demand for gluten-free products.

Furthermore, increasing focus of food manufacturers as regards various parameters including production of food products with less saturated fat coupled with efficient labelling solutions has driven the demand for gluten-free products. Another important factor favoring market growth is the increasing incidences of Irresistible Bowel Syndrome (IBS) and celiac diseases. U.S. is one of the major consumers of gluten-free products as on an average, one of every 133 people suffer from celiac disease, and one in every 56 people experience similar symptoms. High cases of misdiagnosis of the disease is likely to drive the product demand in the country. However, the lack of awareness about celiac disease, leading to the consumption of gluten-rich food products, may hinder the market growth.

North America accounted for the largest revenue share of 40.61% in 2019. The region is home to major food brands and companies with extensive distribution networks that provide a wide array of commodities. Consumers also have favorable perceptions about healthy gluten-free food products, which is likely to boost the market growth. The favorable regulatory framework and initiatives to promote a gluten-free diet by the U.S. Food and Drug Administration (FDA) and subsidy allocations are anticipated to boost the regional market over the forecast period.

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Further key findings from the report suggest:

• In terms of product, bakery productsemerged as the largest segment in 2019, registering a revenue of USD 5.64 billion. It is expected to expand at a CAGR of over 10.2% over the forecast period
• In terms of distribution, independent natural or health food store segment is anticipated to register the fastest growth over the forecast period, attributed to the rising consumer disposable incomes and awareness about organic and natural foods
• Asia Pacific is expected to witness the fastest growth over the forecast period. The market conditions are highly promising due to factors such as the increasing internet penetration, booming e-commerce market, and favorable demographics
• Australia is a growing market for gluten-free bakeries. Regulations by the Australian government favor the initialization of start-ups in the food and beverage industry
• The gluten-free products market is highly competitive with a sizable number of players sharing the market space. Some of the key competitive strategies employed by the companies include mergers and acquisitions, expansion of product portfolio, and product innovation
• Major market participants include Boulder Brands, Inc.; General Mills, Inc.; The Hain Celestial Group, Inc.; The Kraft Heinz Company; Kellogg’s Company; Hero Group AG; and Big Oz Industries Ltd.

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Grand View Research has segmented the global gluten-free products market on the basis of product, distribution channel, and region:

Gluten-free Product Outlook (Revenue, USD Million, 2016 - 2027)

• Bakery Products
• Dairy/ Dairy Alternatives
• Meats/ Meats Alternatives
• Condiments, Seasonings, Spreads
• Desserts & Ice Creams
• Prepared Foods
• Pasta and Rice
• Others

Gluten-free Products Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Grocery Stores
• Mass Merchandiser
• Independent Natural or Health Food Store
• Club Stores
• Drug Stores
• Others

Gluten-free Product Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

About Grand View Research

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

Polymer Foam Market to Observe Strong Development by 2027: Grand View Research Inc.

 The global polymer foam market size is expected to reach USD 153.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.8% over the forecast period. Rising demand from automotive and building and construction industries is likely to drive the market. Polymer foams are widely utilized in combination with other materials in various composite constructions, high-resilience foam seating, rigid insulation panels, automotive components, carpet underlays, upholstery stuffing, and packaging, among other applications.

Rigid types are primarily used as an insulation material in construction and refrigeration applications. They are energy-efficient and help in cutting energy costs. Flexible types are mainly used as a cushioning material in transportation, furniture, bedding, carpet underlay, and packaging, among others.

Rising focus on development of biodegradable foams owing to stringent environmental regulations across the globe has opened new market opportunities for manufacturers. Manufacturing cost of these biodegradable types is still higher than petroleum-based chemicals. Therefore, it will take a couple of years for manufacturers to completely adopt this variant.

On the basis of type, polystyrene foam was the largest segment in 2019 and accounted for 31.8% of the global revenue. Expanded polystyrene-based products have excellent shock absorbing properties and are preferred in storing, packaging, and transporting of electrical equipment, cooked food, and perishable goods. They are also preferred in various marine floatation applications, including construction of floating docks, surfboards, and boat stands.

Polyolefin foams, including polypropylene and polyethylene, are expected to witness significant expansion in the forthcoming years. Traditionally, low melt strength of these products, particularly polypropylene, limited the growth of this segment in the global polymer foam market. Several technologies including post-reactor radiation and compounding modifiers method have been introduced by various polyolefin manufacturers, such as Borealis and LyondellBasell Industries Holdings B.V. The aim is to improve the strength of polyolefins to meet the requirements of wind energy applications, including spar webs and shell panels, and marine applications like vibration control and cushion seats.

Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the burgeoning growth in construction, automotive, and wind energy industries in China and India. Growth of the automotive and building and construction industries in Europe is expected to drive the demand for polymer foam over the forecast period.

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Further key findings from the report suggest:

• On the basis of type, polyolefin is estimated to emerge as one of the fastest-growing segments over the forecast period as product penetration has increased over the past few years in the flooring and automotive industries. Companies such as Sekisui Alveo AG, Armacell International S.A., and Borealis AG produce polyolefin foams in rolls and sheets that are environmentally friendly, versatile, and lightweight
• Building and construction was the largest application segment in 2019 and accounted for 37.9% of the overall volume
• Asia Pacific is estimated to witness the highest growth over the forecast period on account of surging demand from the manufacturing sector in countries like India, China, and Indonesia
• Key players operating in the market for polymer foam include BASF SE, Woodbridge Foam Corporation, Borealis AG, Sealed Air Corporation, Zotefoams PL, Armacell International S.A., and Recticel Group.

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Grand View Research has segmented the global polymer foam market on the basis of type, application, and region:

Polymer Foam Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Polyurethane
• Polystyrene
• PVC
• Phenolic
• Polyolefin
• Melamine
• Others

Polymer Foam Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Packaging
• Building & Constructions
• Furniture & Bedding
• Automotive
• Rail
• Wind
• Marine
• Others

Polymer Foam Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

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

About Grand View Research

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

Automotive Exhaust Systems Market Set to Record Exponential Growth by 2028: Grand View Research Inc.

 Automotive Exhaust Systems Market Growth & Trends

The global automotive exhaust systems market size is expected to reach USD 68.45 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2021 to 2028. Stringent government regulations associated with vehicle emissions coupled with the increasing penetration of after-treatment devices are anticipated to drive the demand for automotive exhaust systems. Moreover, the increasing sales of passenger cars and commercial vehicles along with the growing demand for lightweight emission systems are expected to create significant opportunities for players operating across the value chain of the market.

Automotive OEMs are working on several aspects, such as new and lightweight materials, drivetrain (engine/transmission) efficiency, and aerodynamic design, to reduce the vehicular weight. Conventional exhaust systems and their components are manufactured using materials such as stainless steel, cast iron, and mild steel/carbon steel. However, several automotive OEMs, exhaust system manufacturers, and other companies are working to provide lightweight products made from composite metals with high-temperature resistance. For instance, Tenneco Inc. offers lightweight compact systems and lightweight after-treatment and dosing systems to improve the fuel economy and thermal management of the exhaust system and overall vehicle.

The outbreak of the COVID-19 pandemic hampered the overall business scenario in 2020, and the economy is expected to continue experiencing its aftermath over the next few years. Supply chains were disrupted and production was suspended temporarily at several production facilities because of the lockdowns and restrictions imposed in various parts of the world. Subsequently, shipments got delayed and production volumes plummeted, thereby affecting the overall automotive production. As a result of the pandemic, several companies and exhaust system manufacturers confronted a year-on-year decline in unit volumes and revenues. For instance, Eberspacher, a prominent market player in the exhaust system market, witnessed a decline in the Exhaust Technology business segment revenue. The company's exhaust technology sales decreased by 0.4% year-over-year to USD 6,033.1 million in 2020 compared to USD 6,099.46 million in 2019.

In 2020, Asia Pacific captured around 60% of the automotive exhaust systems demand and is estimated to register a CAGR of around 7.0% over the forecast period. This share is attributed to the increasing production and sales of passenger cars and commercial vehicles in emerging economies such as India and China. China has been the largest automotive manufacturer in the world since 2008. The country's automotive production annual volumes are greater than the volumes of the European Union (EU). India is the fifth-largest automotive manufacturing country in the world. The Indian market is estimated to expand at the highest CAGR over the forecast period as the Indian government is taking several initiatives to develop the automotive sector in the country. The Automotive Mission Plan 2016-2026 is a joint initiative by the Indian Automotive Manufacturers and the government to plan a roadmap for developing the automotive sector in the country.

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Automotive Exhaust Systems Market Report Highlights

• In terms of component, the muffler segment is estimated to register the highest CAGR of over7% from 2021 to 2028 owing to the increasing demand for dual-exhaust muffler systems in mid-sized and luxury vehicles
• In terms of fuel type, the gasoline segment emerged as the largest segment in 2020 and is anticipated to retain its dominance over the forecast period
• In terms of vehicle type, the commercial vehicles segment is projected to expand at the highest CAGR of around 7.5% over the forecast period due to increasing demand for commercial vehicles across the transportation and logistics sectors
• Asia Pacific emerged as the largest regional market for automotive exhaust systems in 2020 and is anticipated to retain its dominance over the forecast period

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Automotive Exhaust Systems Market Segmentation

Grand View Research has segmented the global automotive exhaust systems market based on component, fuel type, vehicle type, and region:

Automotive Exhaust Systems Component Outlook (Value, USD Million, 2016 - 2028)

• Exhaust Manifold
• Muffler
• Catalytic Converter
• Oxygen Sensor
• Exhaust Pipes

Automotive Exhaust Systems Fuel Type Outlook (Value, USD Million, 2016 - 2028)

• Gasoline
• Diesel

Automotive Exhaust Systems Vehicle Type Outlook (Value, USD Million, 2016 - 2028)

• Passenger Car
• Commercial Vehicles

Automotive Exhaust Systems Regional Outlook (Value, USD Million, 2016 - 2028)

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

List of Key Players in the Automotive Exhaust Systems Market

• BENTELER International
• Bosal
• Continental AG
• Eberspacher
• Faurecia
• FUTABA INDUSTRIAL CO., LTD.
• Friedrich Boysen
• Sejong Industrial Co., Ltd.
• Tenneco Inc.
• Yutaka Giken Company Limited

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.

U.S. Medical Display Monitors Market Poised to Garner Maximum Revenues During 2021 – 2028: Grand View Research Inc.

 U.S. Medical Display Monitors Market Growth & Trends

The U.S. medical display monitors market size is estimated to reach USD 1.0 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.7% from 2021 to 2028. The rise in the number of diagnostic imaging centers across the U.S., increased adoption of hybrid operating rooms, rise in minimally invasive surgeries, increased cancer prevalence, and high volume of diagnostic imaging procedures are the factors responsible for market growth.

The display allows surgeons and medical practitioners to view diagnostic and surgical images in higher resolution for clear identification of tissues and blood vessels. A single monitor has the capacity to display data from optical microscopes, navigation displays, video streaming of the operating room, and diagnostic scans, to reduce surgeons’ burden to obtain data from different sources. This tool is of utmost importance for the radiologist, as it plays a key role in diagnosis accuracy and helps reduce errors.

Market leaders are developing display monitors integrated with computer systems to ultimately interact with all medical devices within the medical setting to enhance operability and improve data security. Additionally, to tackle issues like reduced radiology staff and increased work pressure on radiologists after the outbreak of Covid 19, Barco has developed a display controller. This eased their workflow and improved efficiency. However, the market dropped in 2020, due to the reduced elective surgeries, hospital economic instability, and reduced emergency room admissions. However, the market is anticipated to normalize by mid-2022.

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U.S. Medical Display Monitors Market Report Highlights

• The greyscale segment accounted for the largest revenue share in 2020 in the type outlook as it provides ease of workflow and is cost-efficient
• The 16:9 aspect ratio segment held the largest revenue share in 2020
• LED is the largest revenue-generating segment in this market owing to the Low energy requirement, brighter images, high operational life, reduced heat generation, non-reactive to the temperature-sensitive environment, and lower power consumption, in this end-user setting
• The general radiology segment accounted for the largest revenue share in the application segment as it provides diagnostic accuracy, reduction in errors, and constant need for high-quality imaging displays

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U.S. Medical Display Monitors Market Segmentation

Grand View Research has segmented the U.S. medical display monitors market on the basis of type, aspect ratio, technology, and application:

U.S. Medical Display Monitors Type Outlook (Revenue, USD Million, 2016 - 2028)

• Greyscale
• Color

U.S. Medical Display Monitors Aspect ratio Outlook (Revenue, USD Million, 2016 - 2028)

• 16:09
• 21:09
• 04:03

U.S. Medical Display Monitors Technology Outlook (Revenue, USD Million, 2016 - 2028)

• LED
• OLED
• CCFL

U.S. Medical Display Monitors Application Outlook (Revenue, USD Million, 2016 - 2028)

• General Radiology
• Mammography
• Surgery
• Dentistry
• Digital Pathology
• Others

List of Key Players of U.S. Medical Display Monitors Market

• HP Development Company, L.P
• Quest International
• Stryker
• Double Black Imaging
• Steris
• UTI Technology
• NDS Surgical Imaging, A Novanta Company
• Canvys
• Advantech Co. Ltd.
• Barco
• Eizo 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.

Polyisoprene Market to Incur Meteoric Growth During 2021 to 2028: Grand View Research Inc.

 Polyisoprene Market Growth & Trends

The global polyisoprene market size is expected to reach USD 2.94 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.1% from 2021 to 2028. Increasing adoption of polyisoprene in the automotive, footwear, medical, non-automotive sectors is projected to fuel the market growth during the forecast period. The product is also expected to have a high demand in the tires & related products application due to the product properties like excellent resistance to abrasion &tearing and high compression set along with the increasing demand for Electric Vehicles (EVs).

Major players in the market are investing to expand and develop polyisoprene for end-use industries. For instance, in May 2020 Cariflex Pte. Ltd. announced to construct a new polyisoprene latex plant at its Paulinia facility located in Brazil to cater to strong demand from the consumer goods and medical industries. The company is expected to invest USD 50 million to drive this facility expansion project.

Mergers and acquisitions to gain a higher market share are expected to intensify the market competition over the forecast period. In February 2021, Goodyear Tire & Rubber Company completed the acquisition of Cooper Tire & Rubber Company and finalized the merger agreement to create a stronger U.S.-based leader in the global tire industry. This is expected to create more options in the tire segment and is anticipated to boost the product demand over the forecast period.

The rising environmental concerns arising from crude oil-based polyisoprene have compelled many elastomer manufacturers to develop technology for the production of biomass-derived polyisoprene rubber. Zeon Corp., in joint research with Yokohama Rubber Co., Ltd. and National Research & Development Agency RIKEN, successfully synthesized isoprene from biomass. The technology has planned commercialization by the end of 2021.

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Polyisoprene Market Report Highlights

• In terms of revenue, the tires &related products application segment accounted for the largest revenue share in 2020 and is expected to grow further at a prominent CAGR over the forecast period
• Europe accounted for the maximum market revenue share in 2020 and will remain dominant throughout the forecast period
• Favorable government support to encourage green building construction in various countries including the U.K., Germany, the Netherlands, Poland, Hungary, Sweden, and Ireland is expected to propel the product demand in the safety footwear application
• In addition, growth in the sales of EVs is predicted to introduce a competitive dynamic to the automotive market in Europe
• Various strategic initiatives were recorded over the past few years to boost the growth of the market
• For instance, in August 2021, The Goodyear Tire & Rubber Company entered into a strategic collaboration with Plus, a global provider of self-driving truck technology
• This collaboration is expected to expand Goodyear’s services, including connected tires, and enhance transportation efficiency & safety for semi-trucks powered by Plus’s Level 4 autonomous driving technology

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Polyisoprene Market Segmentation

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

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

• Tires & Related Products
• Latex
• Footwear
• Non-automotive Engineering
• Belts & Hose
• Others

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

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

List of Key Players of Polyisoprene Market

• Zeon Corporation
• JSR Corporation
• PJSC Nizhnekamskneftekhim
• The Goodyear Tire & Rubber Company
• Kuraray Co., Ltd.

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.

Diabetes Associated Ophthalmic Treatment Market to Reflect a Holistic Expansion During 2021 to 2028: Grand View Research Inc.

 Diabetes Associated Ophthalmic Treatment Market Growth & Trends

The global diabetes associated ophthalmic treatment market size is expected to reach USD 44.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.5% from 2021 to 2028. The increasing prevalence of type II diabetes, geriatric population, and availability of early detection techniques are some of the factors driving the growth. This is coupled with technological advancements and increasing awareness of early diagnostics to help increase the success rate of the available treatment options. An increasing number of clinical trials to assess new drugs and devices for the prevention and management of these ophthalmic conditions are expected to fuel market growth in upcoming years.

COVID-19 related diabetic and ophthalmic complications are expected to boost the market for diabetes associated ophthalmic treatment methods. COVID-19 has a long-term effect on diabetic conditions. This is expected to increase the demand for treatment procedures in upcoming years. An increasing number of initiatives being undertaken by governments and nonprofit organizations to increase diabetes associated ophthalmic disease awareness is expected to boost the adoption of devices used for the treatment. Furthermore, WHO and IDF are working together to prevent and control diabetes and ensure good quality of life for people worldwide by providing accessible treatment facilities.

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Diabetes Associated Ophthalmic Treatment Market Report Highlights

• The diabetic retinopathy segment has captured the largest revenue share in 2020 followed by diabetic associated macular degeneration and glaucoma
• The drugs segment dominated the market and accounted for the highest revenue share in 2020 owing to factors such as the presence of major key players operating in the global market, high adoption rate, increased clinical trials to develop innovative drugs
• The hospitals segment is predicted to witness the fastest growth rate over the forecast timeframe due to the increasing number of patient visits and advanced infrastructure in hospitals as compared to other healthcare facilities. An increasing number of hospital admissions of diabetes patients is boosting the demand for the segment, thereby propelling the growth
• North America held the largest revenue share in the market and is expected to maintain its dominance over the forecast period

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Diabetes Associated Ophthalmic Treatment Market Segmentation

Grand View Research has segmented the global diabetes associated ophthalmic treatment market on the basis of application, type, end-use, and region:

Diabetes Associated Ophthalmic Treatment Application Outlook (Revenue, USD Million, 2017 - 2028)

• Dry Eye Syndrome
• Glaucoma
• Eye Allergy & Infection
• Diabetic Retinopathy
• Diabetic Associated Macular Degeneration
• Uveitis
• Cataract
• Diabetic Macular Edema
• Others

Diabetes Associated Ophthalmic Treatment Type Outlook (Revenue, USD Million, 2017 - 2028)

• Drugs
• Devices

Diabetes Associated Ophthalmic Treatment End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Hospitals
• Ophthalmic Centers
• Ambulatory Surgical Centers
• Others

Diabetes Associated Ophthalmic Treatment Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Diabetes Associated Ophthalmic Treatment Market

• Alcon
• Johnson & Johnson Services, Inc.
• Bausch Health
• Hoffmann-La Roche Ltd
• Allergan
• Bayer AG
• Santen Pharmaceutical Co. Ltd.
• Novartis AG
• Pfizer, Inc.
• Genentech, Inc.
• Carl Zeiss Meditec
• Lumenis
• Ellex Medical Lasers Ltd.
• IRIDEX Corp.
• Topcon Corp.
• Abbott Medical Optics
• Quantel

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 Semiconductor Market Forecast 2028 Top Companies, Trends and Growth Factors Details for Business Development

 Automotive Semiconductor Market Growth & Trends

The global automotive semiconductor market size is expected to reach USD 63.92 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2021 to 2028. The growing focus on vehicle safety systems and a significant increase in the adoption of engine control units (ECUs) in modern automobiles are anticipated to drive the demand for automotive semiconductors. Moreover, emerging technologies such as 5G and IoT are expected to play an instrumental role in increasing the demand for automotive semiconductors. Additionally, electric vehicles and all levels of assisted driving technologies are expected to create considerable growth opportunities over the next eight years.

Electrification in the automotive industry is growing rapidly owing to the rising need to reduce carbon emissions. Having realized the importance of electric vehicle business opportunities, several manufacturers are increasingly investing in smart technologies, electronics, and safety systems. Such components of electric vehicles comprise semiconductors equipped with advanced technologies to improve the functionalities of smart electronics. For instance, the application of shock sensors, MEMS accelerometers, MEMS gyroscopes, inertial sensors, tilt sensors, and MEMS microphones for roll over detection, electronic braking, dynamic head lighting, inertial navigation, and airbag safety systems. Hence, as the demand for hybrid and electric vehicles increases, the need for semiconductors is anticipated to increase over the forecast period.

The outbreak of the COVID-19 pandemic hampered the overall business scenario in 2020, and the economy is expected to continue experiencing its aftermath over the next few years. The market witnessed a negative impact as major automotive fabricating units were shut and their production was completely halted in response to lockdown measures across the world. Additionally, the pandemic caused an unrealistic disturbance in the production and supply chain network. This influenced R&D and capital investments. The market experienced a substantial decline, of nearly -7.0%, in 2020. However, the impact of the pandemic started reducing with the reduction in positive cases and the launch of vaccination campaigns across several countries. As a result, governments across the globe eased the lockdowns and restrictions, thereby leading to a restart in manufacturing operations in the automotive semiconductor industry.

Safety guidelines and regulations imposed by governments are expected to play a key role in driving the demand for semiconductors in North American and European markets. For instance, a special focus on accident avoidance through ADAS is expected to help drive market growth in countries across these regions. The Asia Pacific region, led by China, is projected to emerge as the fastest-growing market owing to rapid EV adoption and strong government support.

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Automotive Semiconductor Market Report Highlights

• In 2020, the others component segment, which includes analog ICs and logic ICs, accounted for the highest share as logic ICs are widely used in navigation and infotainment systems
• In terms of vehicle type, passenger vehicle emerged as the dominant segment in 2020 and is anticipated to retain its dominance over the forecast period
• The telematics and infotainment segment is projected to expand at the highest CAGR of more than 9.0% over the forecast period and is anticipated to hold a dominant share by the end of the forecast period
• The Asia Pacific market emerged as the dominant region in 2020 and is projected to register the highest CAGR over the forecast period

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

Automotive Semiconductor Market Segmentation

Grand View Research has segmented the global automotive semiconductor market based on component, vehicle type, application, and region:

Automotive Semiconductor Component Outlook (Revenue, USD Million, 2017 - 2028)

• Processor
• Discrete Power
• Sensor
• Memory
• Others

Automotive Semiconductor Vehicle Type Outlook (Revenue, USD Million, 2017 - 2028)

• Passenger Vehicle
• Light Commercial Vehicle (LCV)
• Heavy Commercial (HCV)

Automotive Semiconductor Application Outlook (Revenue, USD Million, 2017 - 2028)

• Chassis
• Powertrain
• Safety
• Telematics & Infotainment
• Body Electronics

Automotive Semiconductor Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of the Key Players in the Automotive Semiconductor Market

• Analog Devices, Inc.
• Infineon Technologies AG
• NXP Semiconductors
• Renesas Electronics Corporation
• Robert Bosch GmbH
• ROHM CO., LTD.
• Semiconductor Components Industries, LLC
• STMicroelectronics
• Texas Instruments Incorporated
• TOSHIBA 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.

India Electric Vehicle Market Overview And Rising Dependency On Factors 2021– 2030: Grand View Research Inc.

 India Electric Vehicle Market Growth & Trends

The India electric vehicle market size is expected to reach USD 152.21 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 94.4% from 2021 to 2030. The stringent regulations being drafted by the Indian government in response to the rising levels of vehicular emissions and the growing demand for environment-friendly vehicles are expected to drive the growth of the market over the forecast period. The efforts being pursued by the government to develop sustainable charging infrastructure in India also bodes well for the growth of the market.

Although the electric vehicle market in India is in its nascent stages at present, it is poised to emerge as one of the leading electric vehicle markets in the world. The Indian government has been pursuing consistent and committed efforts and has already drafted dedicated EV policies and rolled out various demand and supply incentives as part of the efforts to encourage the adoption of e-mobility across various market segments. For instance, India’s Department of Heavy Industry (DHI), under the National Electric Mobility Mission Plan (NEMMP) 2020, has formulated the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme to support the development of both Hybrid Vehicles (HV) and Electric Vehicle (EV) markets as well as that of their manufacturing eco-systems.

The growing popularity of electric vehicles is prompting the leading automotive manufacturers to launch electric vehicles in India. For instance, in October 2019, Maruti Suzuki, a leader in the conventional vehicle market, announced plans to launch electric vehicles for personal use for the Indian market in the following years. Similarly, in August 2021, Tata Motors launched the Tata Tigor EV in the Indian market. As the market continues to evolve and the consumer preference continues to shift from conventional vehicles to electric vehicles, more and more conventional vehicle manufacturers are expected to launch electric vehicles in the Indian market, thereby driving the growth of the market over the forecast period.

The outbreak of the COVID-19 pandemic triggered a global economic slowdown. The electric vehicle market is particularly vulnerable to any global economic slowdown owing to its reliance on global sourcing for the core battery technology. Moreover, the initial purchase price of electric vehicles tends to be higher than the gasoline-fired and hybrid vehicles, which particularly restrains the adoption of electric vehicles among price-sensitive customers. However, the Indian electric vehicle (EV) market was unaffected by the outbreak of the pandemic. In India, the registration of new electric passenger cars increased by 109% y/y in 2020, with 5,905 new vehicle registrations noted during the year.

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India Electric Vehicle Market Report Highlights

• In terms of product, the BEV segment dominated the market in 2020 and is anticipated to value at USD 116.80 billion by 2030. This can be attributed to the increasing preference of consumers towards EVs over ICE vehicles and restrictions on vehicular CO2 emissions
• The passenger cars segment is expected to expand at the highest CAGR of around 106% over the forecast period. The growth can be attributed to increasing investments by the government in EV infrastructure, along with tax benefits offered to consumers
• The rising popularity of electric vehicles is prompting the leading automotive manufacturers to launch electric vehicles in India, which is anticipated to create growth opportunities for the market in the country

Access Press Release@ https://www.grandviewresearch.com/press-release/india-electric-vehicle-market-analysis

India Electric Vehicle Market Segmentation

Grand View Research has segmented the India electric vehicle market based on product and vehicle type:

India Electric Vehicle Product Outlook (Volume, Units; Revenue, USD Million, 2016 - 2030)

• BEV
• PHEV

India Electric Vehicle Type Outlook (Volume, Units; Revenue, USD Million, 2016 - 2030)

• Passenger Cars
• Commercial Vehicles

List of Key Players in the India Electric Vehicle Market

• Audi AG
• BMW AG
• Hyundai Motor India
• Jaguar Land Rover Limited
• Mahindra & Mahindra Ltd
• Mercedes-Benz AG
• MG Motor India Pvt. Ltd.
• Olectra Greentech Limited
• Tata Motors
• Toyota Motor 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.