Specialty Carbon Black Market is Expected To Reach $4.0 Billion by 2027| Key participants Atlas Organic Pvt. Ltd.

 

Specialty Carbon Black Market Growth & Trends

The global specialty carbon black market size is projected to reach USD 4.0 billion by 2027 registering a CAGR of 8.9%, according to a new report by Grand View Research, Inc. The growing use of the product in photographic containers, agriculture mulch film, stretch wrap, industrial bags, refuse sacks, thermoplastic molding applications for electrical/electronics, household appliances, automotive, and blow-molded containers is estimated to contribute to the market growth. Specialty carbon black and graphite powders are used as additives in the electrode to improve the electrical conductivity in lithium-ion batteries.

It exhibits superior properties, such as good electrical conductivity, good stability at higher voltage, less solvent, and improves adhesion. It has a wide range of applications, such as micro-hybrid vehicles, grid storage, telecom, E-bike, and mild hybrid vehicle. It provides conductive and electrical antistatic properties to many plastics products ranging from insulation material to highly conductive areas. Lithium-ion batteries encompass cathode constituents, which allow the flow of electrons, to charge the battery. By totaling the percentage of specialty carbon black in lithium-ion batteries to 20%, which leads to the charging of cathode particles more rapidly concerning the uniform carbon connectivity with s high ratio of carbon black.

The product is mainly formulated through five main processes including furnace black, channel process, lamp black, thermal black, and acetylene black process. In all these processes, raw material differs from petroleum or coal oil to natural gas and acetylene gas. Product manufacturing in North America is mainly reliant on natural gas, which is accessible at a comparatively low cost in that region. Fluctuation in crude oil prices is because of seasonal variations, supply-demand imbalances, and political instability. Worldwide crude oil prices have been observing austere fluctuations in the recent past.

Social disturbance in key crude oil manufacturing regions including Venezuela, Nigeria, Iran, Iraq, and Libya have negatively impacted the crude oil supply, thus generating inelasticity in supply and demand balance. These factors are short-lived in the market causing immediate fall and rise in prices. However, major market players are initiating strategic alliances and increasing their production capacities to meet rising global demand and utilize low feedstock costs over recent years.

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Specialty Carbon Black Market Report Highlights

• Conductive carbon black grade is expected to witness the fastest CAGR of 5.8%, in terms of volume, from 2020 to 2027
• This growth is attributed to their increasing demand in the manufacturing of cost-efficient electrically conductive plastic compounds
• Food contact grade is also expected to register a high growth rate, in terms of volume, from 2020 to 2027 due to their increasing usage in packaging, films & sheets, and plastic molded goods in the food industry globally
• Asia Pacific is projected to reflect the fastest growth rate of 6.4%, in terms of volume, from 2020 to 2027
• High demand for conductive polymersin applications including capacitors, textiles, actuators, batteries, solar cells, and sensors across countries, such as China, South Korea, and India, is estimated to drive the market in the Asia Pacific
• Multinational chemical companies, such as Evonik Industries, Sid Richardson, and Mitsubishi, are integrated throughout the value chain from feedstock manufacturing to carbon black production

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Specialty Carbon Black Market Segmentation

Grand View Research has segmented the global specialty carbon black market on the basis of grade and region:

Specialty Carbon Black Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Conductive Carbon Black
  • Conductive Polymers
  • Paints & Coatings
  • Battery Electrodes
  • Printing Inks
  • Others
• Fiber Carbon Black
  • Polyester Fiber
  • PP Masterbatches
  • Nylon Textiles
  • Other Synthetic Fibers
• Food Contact Carbon Black
  • Packaging
  • Film & Sheet
  • Consumer Molded Parts
  • Others
• Other Carbon Black

Specialty Carbon Black Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Specialty Carbon Black Market

• Cabot Corp.
• Birla Carbon
• Tokai Carbon Co. Ltd.
• Continental Carbon Company
• Omsk Carbon 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.

Expansion of Wax Market During 2022– 2030 to Gain Robust Traction: Grand View Research Inc.

 Wax Market Growth & Trends

The global wax market size is expected to reach USD 14.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2020 to 2030. The growth is majorly driven by growing inclusion of wax as a performance additive in the plastics industry on account of its rising utilization as water and solvent-based mold release agent. Wax has become one of the critically utilized materials globally with widespread application across multiple industries. It is used in the automotive industry for vehicle polishing, hair removal, packaging applications, and as an additive in the food industry.

In addition, it is used in paints and coating industry and printing ink application. Rising demand in various applications, including candles, rubber and plastic processing, cosmetic and toiletries, fire logs, building boards, is likely to propel overall growth in the coming years. High consumption of wax owing to its advantage including UV resistance, anti-caking, excellent insulation, is expected to augment market growth. The stringent COVID-19 lockdown in 2020 induced a downward trend in the market. The recovery in the industrial businesses and activities in the second half of 2020 moderately improved the demand. Additionally, the festive season in the final quarter of 2020 improved the demand from different industries including candles, cosmetics, and packaging. 

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Wax Market Report Highlights

• The synthetic wax segment accounted for the fastest CAGR of 4.5% over the forecast period, owing to a significant increase in application across lotion, shampoo, foundation, lipstick, and other personal care products
• The cosmetics and toiletries application segment accounted for the highest CAGR of 4.8% over the forecast period considering the growing inclusion of product in formulation of creams and moisturizers. In addition, above average living standards and new product innovation are expected to propel the demand
• Asia Pacific accounted for the highest CAGR of 4.7% over the forecast period which can be traced to growing construction activities, mainly in economies such as China and India. Moreover, technological developments in Korea and Japan have spurred the growth of adhesives
• The market’s value chain comprises raw materials suppliers, product manufacturers, distribution channels, and application industry. Depending upon the type, wax formulation requires timely procurement of key feedstocks which includes lubricating oils, base oils, and bee’s milk. Product prices are highly impacted depending on the availability of these feedstocks
• The industry is made up of large and medium-sized players. The small players are either suppliers or distributors. Companies are working on strategies that can harness their internal strategic advantage and position according to the end-use segment growth 

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Wax Market Segmentation 

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

Wax Product Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Mineral Wax
• Synthetic Wax
• Natural Wax

Wax Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Candles
• Packaging
• Plastic & Rubber
• Pharmaceuticals
• Cosmetics & Toiletries
• Fire Logs
• Adhesives
• Others

Wax Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Wax Market

• Sinopec Corp
• China National Petroleum Corporation
• HollyFrontier Corporation
• BP P.L.C
• Nippon Seiro Co., Ltd
• Baker Hughes Company
• Exxon Mobil Corporation
• Sasol Limited
• The International Group, Inc.
• Evonik Industries AG
• BASF SE
• Dow
• Honeywell International Inc.
• Royal Dutch Shell P.L.C
• Mitsui Chemicals, 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.

Roofing Materials Market Latest Innovations, Drivers and Industry Key Events 2020– 2027: Grand View Research Inc.

 The global roofing materials market size is expected to reach USD 151.2 billion by 2027, registering a CAGR of 3.0% over the forecast period, according to a new report by Grand View Research, Inc. Increasing product application in residential and commercial construction activities is projected to drive the growth.

Rising focus on construction of green, energy-efficient buildings leads to an increased demand for roofing materials. Furthermore, the durability associated with the variety of roofing materials such as asphalt shingles, metal roofs, and concrete and clay tiles is expected to have a positive impact on the market growth over the forecast period.

A wide variety of roofing materials is available, depending on the aesthetic, structural, and economic requirements of consumers. Over the past few years, roofing structures have emerged as an architectural trademark, which along with being eco-friendly, are also visually attractive, reasonably priced, and structurally sound.

The market is characterized by a long-term relationship between customers and manufacturers and high brand loyalty. Major industry participants are focusing on enhancing their market share by expanding their product portfolio and focusing on improving product quality.

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https://www.grandviewresearch.com/industry-analysis/roofing-materials-market

Further key findings from the report suggest:

• In Asia Pacific, the demand for roofing materials market in residential application is expected to register a CAGR of 3.1% in terms of value over the forecast period, owing to the growing population and the subsequent rise in demand for housing structures
• In China, the metal roof segment is expected to attain a market share of 27.5% by 2027 in terms of value owing to rising product application in the rapidly growing industrial sector in the country
• In U.S., the asphalt shingles segment was valued at approximately USD 5.0 billion in 2019 on account of their resistance to fire damage and algae growth, along with lower cost, long lifecycle, and ease of installation
• The concrete and clay tiles segment in Europe is expected to register a CAGR of 2.8% in terms of value over the forecast period on account of increasing adoption of eco-friendly construction materials supported by the regulatory framework in the region
• The non-residential application segment in the Middle East and Africa market was valued at USD 4.8 billion in 2019 due to rising investments for the construction of offices, hotels, and restaurants
• Industry players are focusing on increasing their market share by expanding their product portfolio and providing a wide range product choice in terms of color and texture to customers.

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

Roofing Materials Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

• Asphalt Shingles
• Concrete & Clay Tile
• Metal Roofs
• Plastics
• Others

Roofing Materials Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

• Residential
• Non-residential

Roofing Materials Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
• 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 Powertrain Market Expected to Receive Greater Traction As Manufacturers’ Contribution Swells

 Automotive Powertrain Market Growth & Trends

The global automotive powertrain market size is expected to reach USD 1,125.66 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 11.6% from 2021 to 2025. The increasing demand for environment-friendly vehicles and increasingly stringent government regulations regarding vehicular emission are expected to favor the demand for automotive powertrains in the market. Moreover, technological advancements in powertrain systems to enhance the vehicle's efficiency are anticipated to boost market growth prospects over the forecast period.

The adoption rate and pace of evolution of automotive powertrain vary across regions according to purchase subsidies, regulatory differences, road pricing, fuel taxation policy, state support, and consumer preferences. In Europe and countries such as China, South Korea, and Japan, stringent regulations are expected to make OEMs shift their focus on electrified powertrain options. Other significant factors that constitute the evolution of powertrain include developing charging infrastructure in different regions globally.

Increasing vehicle sales and the growing adoption of automated transmission vehicles in emerging countries such as India, China, Indonesia, Japan, and Brazil, are expected to drive the market. The substantial rise in the purchasing power of consumers has increased the demand for state-of-the-art motor vehicles, driving the demand for upgraded systems. The rising use of All Wheel Drive in SUVs in emerging regions is also expected to support the growth of the powertrain market. The growing demand for AWD-equipped vehicles in the Asia Pacific region is expected to boost the growth of the all-wheel-drive system market.

The COVID-19 pandemic has hampered the growth prospects of several industries in 2020; powertrain manufacturers are facing a year-on-year decline in unit volumes sales and revenues. For instance, BorgWarner Inc., a prominent market player in the electric powertrain market, witnessed a decrease in the e-Propulsion & Drivetrain business segment. However, the demand for vehicles with upgraded safety features is likely to increase post-pandemic. Since automotive powertrain plays a vital role in automobiles, the market could regain momentum. Furthermore, despite the pandemic, the growing demand for electric vehicles is anticipated to boost the demand for automotive powertrains.

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Automotive Powertrain Market Report Highlights

• In terms of vehicle type, the commercial vehiclesegment is expected to expand at the highest CAGR of around 11.7% over the forecast period. This can be attributed to the increasing demand for a unified supply chain network connecting multiple transportation modes, including freight rail, air, and express delivery services, maritime transport, and truck transport
• In terms of propulsion type, the ICE segment dominated the market in 2020 and is anticipated to value at more than USD 902.91 billion by 2028. This can be attributed to the price difference between ICEs and EVs and inadequate charging infrastructure
• The Asia Pacific regional market held the dominant market share in 2020, with the China market being a significant contributor. China remains the largest manufacturer of automobiles and automotive markets across the globe. In 2020, China ranked first in terms of the production of passenger cars globally, which stood at nearly 21 million

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Automotive Powertrain Market Segmentation

Grand View Research has segmented the global automotive powertrain market based on vehicle type, propulsion type, and region:

Automotive Powertrain Vehicle Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2015 - 2025)

• Passenger Vehicle
• Commercial Vehicle

Automotive Powertrain Propulsion Type Outlook (Volume, Thousand Units; Revenue, USD Billion, 2015 - 2025)

• ICE
  • Gasoline
  • Diesel
  • Natural Gas Vehicle
• BEV
  • PHEV
  • Electric Vehicle

Automotive Powertrain Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2015 - 2025)

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

List of Key Players in the Automotive Powertrain Market

• BorgWarner
• Continental AG
• Magna International Inc.
• Marelli Holdings Co., Ltd.
• Mitsubishi Electric Corp
• Nidec Corporation
• Robert Bosch GmbH
• Schaeffler AG
• Valeo
• ZF Friedrichshafen AG

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.

Microneedle Drug Delivery Systems Market to Undertake Strapping Growth By 2028

 Microneedle Drug Delivery Systems Market Growth & Trends 

The global microneedle drug delivery systems market size is expected to reach USD 8.10 billion by 2028, according to a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 5.3% from 2021 to 2028. The growing demand for safer alternatives to the conventional hypodermic injection and increasing awareness regarding minimally invasive and pain-free administration of drugs are expected to boost the market growth. Furthermore, the increasing cases of diabetes are expected to boost the market growth. For instance, according to the International Diabetes Federation (IDF), the number of diabetics has already reached 463 million and is predicted to rise in the next 10 years.

Drug delivery via microneedles is one of the most efficient procedures compared to traditional hypodermic injections. Microneedles are a self-administering platform for transdermal medication delivery that has a high drug bioavailability. The microneedle design and drug formulation can control the dose, delivery rate, and efficacy of the medications. Microneedle also helps reduce or eliminate biohazardous sharps waste. In the coming years, microneedles are expected to have a greater impact on clinical care.

Microneedles are still under development and use a variety of drugs in clinical trials. The majority of studies have shown that this technique produces positive effects. This approach has the potential to be used for therapeutic purposes in a variety of fields. For instance, Carnegie Mellon University is developing a COVID-19 vaccination injection method employing 3D printed hybrid microneedle arrays (Hybrid-MNA). The Hybrid-MNA approach not only allows for lower doses but is also painless and has the potential to be self-administered. These technologies are predicted to enable the production of microneedles at a cheaper cost. Microneedles have a wide range of applications, including vaccine administration, hormonal delivery, cancer therapy, pain management, and cosmetics.

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Microneedle Drug Delivery Systems Market Report Highlights

• The hollow type segment accounted for the largest revenue share in 2020 as they are considered ideal for the use of vaccine and hormonal therapy patients
• The dissolving type segment is expected to grow at the fastest rate during the forecast period as it only requires one step and the microneedle needs not to be removed after insertion
• The metal material segment accounted for the largest revenue share in 2020. Stainless steel and titanium are the most frequently employed metals
• By application, the drug delivery segment dominated the market in 2020. The vaccine delivery segment is expected to register the fastest growth rate during the forecast period due to the increased awareness regarding vaccination among the population
• Asia Pacific is anticipated to expand at the fastest CAGR over the forecast period due to the presence of untapped opportunities in the emerging economies, such as China and India

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Microneedle Drug Delivery Systems Market Segmentation

Grand View Research has segmented the global microneedle drug delivery systems market based on type, material, application, and region:

Microneedle Drug Delivery Systems Type Outlook (Revenue, USD Million, 2016 - 2028)

• Solid
• Hollow
• Dissolving
• Coated
• Others

Microneedle Drug Delivery Systems Material Outlook (Revenue, USD Million, 2016 - 2028)

• Silicon
• Metal
• Polymer
• Others

Microneedle Drug Delivery Systems Application Outlook (Revenue, USD Million, 2016 - 2028)

• Dermatology
• Drug Delivery
• Pain Management
• Cancer Therapy
• Vaccine Delivery
• Others

Microneedle Drug Delivery Systems Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Microneedle Drug Delivery Systems Market

• Raphas
• Novartis International AG
• Becton Dickinson and Company
• Braun
• Nanopass Technologies Limited
• Termo
• Smiths Medical
• Cardinal Health
• 3M

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.

LiDAR Market Forecasted to Grow at Steady Pace During 2020-2027: Grand View Research Inc.

 LiDAR Market Growth & Trends

The global LiDAR market size is expected to reach USD 3.7 billion by 2027, expanding at a CAGR of 13.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing acceptance in environmental mapping, automobile safety application, construction and architectural sectors for monitoring, and 3D-modeling applications arenas is expected to boost the market growth. Furthermore, increasing development and adoption of self-driving cars and trucks is expected to boost the market growth, as Light Detection and Ranging (LiDAR) is one of the key sensing technologies that is required to enable hybrid to full autonomous driving.

The advanced driver assistance systems (ADAS) application segment is expected to grow at a remarkable pace owing to surging incorporation in automotive safety and forward-collision avoidance systems. In U.K., the regulatory authorities have mandated installation of certain automotive safety technologies such as the collision avoidance technologies. The Euro NCAP Advanced aims to provide buyers with clear guidance regarding the safety benefits offered by technologies such as blind spot monitoring, lane support, Autonomous Emergency Braking (AEB), speed alert, attention assist, vision enhancement, and pre-crash sensing. Rising developments in 3D scanning solutions is anticipated to boost the market growth over the forecast period. For instance, in October 2018, Faro Technology, Inc. introduced new airborne LiDAR scanning in partnership with STORMBEE, in order to provide cost effective airborne 3D scanning solution.

Furthermore, growing environmental concerns have enforced governments to establish regulations over the past decade. The authorities have been implementing strategies, activities, and policies to tackle the concerns. The ability to store large LiDAR point files has been a stumbling block for new users however, the technological advancements in spatial resolution of LIDAR-based digital terrain models are providing incredible accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways.

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LiDAR Market Report Highlights

• The LiDAR market is estimated to grow significantly due to automation in industries, leading to reduced human efforts and increased efficiency. Technological superiority of LiDAR in engineering projects of large magnitude is estimated to trigger the demand further
• Airborne systems are expected to remain the dominant product segment over the forecast period on account of the surging adoption of aerial mapping devices
• North America is expected to emerge as one of the leading regional markets owing to rising R&D spending coupled with high adoption in the automotive sector and environmental scanning and modeling operations
• Growing demand in emerging economies, such as India, Japan, and China, is driving the industry growth in the Asia Pacific region. The surge in the demand across the automotive industry is one of the reasons boosting the market demand
• The key industry participants include Velodyne LiDAR, Inc.; Leica Geosystems Holdings AG; Faro Technologies Inc.; Trimble Navigation Limited; and RIEGL USA Inc.
• The current market environment is witnessing an intense competition between the key players for achieving the market domination via product differentiation and enhancement of quality.

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LiDAR Market Segmentation

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

LiDAR Product Type Outlook (Revenue, USD Million, 2016 - 2027)

• Airborne
• Terrestrial
• Mobile & UAV

LiDAR Application Outlook (Revenue, USD Million, 2016 - 2027)

• Corridor Mapping
• Engineering
• Environment
• Exploration
• Advanced Driver Assistance Systems (ADAS)
• Others

LiDAR Component Outlook (Revenue, USD Million, 2016 - 2027)

• Laser Scanners
• GPS
• Navigation (IMU)
• Others

LiDAR Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• 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.

Biodegradable Plastic Market Estimated To Flourish By 2027: Grand View Research Inc.

 Biodegradable Plastic Market Growth & Trends

The global biodegradable plastic market size is projected to reach USD 7.6 billion by 2027, rising at a revenue-based CAGR of 9.4% during the forecast period, according to a report by Grand View Research, Inc. Increasing use of biodegradable products, owing to strict governmental laws for prohibiting use of conventional plastics and growing awareness among public toward their ill-effects is boosting the market growth.

Biodegradable plastics are made of renewable raw materials and decompose in the environment within a reasonable period of time. Many of these require biodegradable additives to enhance the biodegradation process and some require a specific environment to disintegrate. Time taken by plastics to decompose depends upon various factors such as raw materials used and environmental conditions such as moisture and temperature.

The starch-based segment led the global biodegradable plastic market, since they are used in various applications such as packaging, consumer electronics, agriculture, automotive, and textiles. Polylactic Acid (PLA) is also one of the most consumed products, which is used in 3D printing, mulch film, and packaging.

Ban on plastics by European Commission is anticipated to drive the packaging segment growth over the forecast period. Novel applications of biodegradable products in the medical sector for drug encapsulation and medical surgeries are also being increasingly practiced.

People across the globe, are facing grave issues of waste as conventional plastics take hundreds of years to decompose. To tackle this issue several countries have banned the use of single-use plastic products and are promoting eco-friendly biodegradable products. Ban of non-reusable conventional plastics in many regions, especially in Europe and North America, is estimated to propel the market demand. Additionally, improving standard of living and increasing disposable income in developing countries are likely to augur well for the market in Asia Pacific and Central and South America.

Key players are investing in research and development activities in order to create improved products that are strong and can be easily decomposed in natural environment. Many companies have integrated value chain to serve customers better and improve company profits.

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Biodegradable Plastic Market Report Highlights

• The Polyhydroxyalkanoate (PHA) segment is projected to expand at a significant CAGR of 10.0% in terms of revenue during the forecast period, owing to increasing use of PHA in medical and other applications
• Packaging is the largest end-use segment, followed by the agriculture sector, owing to replacement of conventional plastics in food packaging such as boxes, wraps, cups, plates
• Europe is the largest region in terms of revenue as well as volume. However, Asia Pacific is expected to emerge as the fastest growing region
• Major players in the biodegradable plastic industry include BASF SE, NatureWorks LLC, Mitsubishi Chemical Corporation, Carbion, and Biome Technologies plc.

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Biodegradable Plastic Market Segmentation

Grand View Research has segmented the global biodegradable plastic market on the basis of type, end use, and region:

Biodegradable Plastics Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Starch-based
• PLA
• PBS
• PBAT
• PHA
• Others

Biodegradable Plastics End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Packaging
• Agriculture
• Consumer Goods
• Others

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

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

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. Contraceptive Market Latest Trends, Industry Growth And Forecast To 2027: Grand View Research Inc.

 U.S. Contraceptive Market Growth & Trends

The U.S. contraceptive market size is expected to reach USD 10 billion by 2027 registering a CAGR of 4.3%, according to a new report by Grand View Research, Inc. Improving access and awareness regarding Long-Acting Reversible Contraceptives (LARCs) and the effectiveness and convenience of using these products are expected to drive the growth of the market. The Guttmacher Institute reports 60% of women of reproductive age use contraception in the U.S. Use of hormonal contraceptives other than the birth control pill has significantly increased in married women.

Key market players are actively investing in the clinical pipeline, resulting in high competition and an increase in the quality of contraceptives. In January 2019, Mithra Pharmaceuticals announced the success of Estelle’s phase 3 study conducted in the U.S. and Canada, meeting the primary efficacy endpoint. The efficacy was reported to be similar to a recently FDA-approved Annovera & Lo-Loestrin. In August 2019, Agile Therapeutics, Inc. reported that the company is on track to request FDA approval for Twirla. The company is expected to conduct a review with the U.S. FDA’s advisory committee in October 2019 for Twirla’s New Drug Application.

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U.S. Contraceptive Market Report Highlights

• The prevalence of teenage pregnancies is highest in the U.S. Government initiatives, such as improving sex education and increasing access to contraceptives, is expected to boost the adoption of various birth control methods in the country
• In 2019, the pills segment held the largest market share owing to the convenience of use and easy availability. The contraceptive pills market in the country is highly competitive due to the presence of generic products
• Intrauterine Devices (IUDs) was also among the major product segments in 2019 and will expand further at a steady CAGR from 2020 to 2027 with increasing demand for hormonal IUDs
• The rapid growth of subdermal implants in the U.S. contraceptive market is anticipated in the coming years. The subdermal implants market is highly consolidated with the presence of very few players
• Key companies in this market are focusing more on M&A and product development to gain a competitive edge over others
• In February 2020, TherapeuticsMD, Inc. entered into an agreement with Afaxys Pharma, LLC to increase access to ANNOVERA in the U.S. public health sector
• In February 2020, Agile Therapeutics, Inc. received FDA approval for the sale of Twirla in the U.S.

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U.S. Contraceptive Market Segmentation

Grand View Research has segmented the U.S. contraceptive market on the basis of the product:

U.S. Contraceptive Product Outlook (Revenue, USD Million, 2016 - 2027)

• Pills
• IUD
  • Hormonal IUD
  • Nonhormonal IUD
• Condoms
• Vaginal Ring
• Subdermal Implants
• Injectable
• Others

List of Key Players of the U.S. Contraceptive Market

• Church & Dwight Co., Inc.
• Reckitt Benckiser Group Plc
• Veru, Inc.
• Merck & Co., Inc.
• Pfizer, Inc.
• Teva Pharmaceutical Industries Ltd.
• The Cooper Companies, Inc.
• Mayer Laboratories, Inc.
• Agile Therapeutics
• TherapeuticsMD, Inc.
• Allergan
• Bayer AG
• Afaxys, Inc.
• Mithra Pharmaceuticals
• Blairex Laboratories, Inc.
• Sebela Pharmaceuticals
• Mona Lisa
• Pregna International Ltd.
• Prosan International B.V.
• SMB Corporation Of India
• Abbvie
• MELBEA Innovations Ltd.
• DKT International
• OCON Healthcare

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.

Advanced Ceramic Market Is Expected To Accomplish A Valuation Of Around USD 130.2 Billion By 2027: Grand View Research Inc.

 Advanced Ceramic Market Growth & Trends

The global advanced ceramic market size is expected to reach USD 130.2 billion by 2027 registering a CAGR of 3.7%, according to a new report by Grand View Research, Inc. The rapidly expanding electrical & electronics industry is expected to augment market growth over the forecast period. Moreover, heavy investments in renewable energy and Electric Vehicles (EVs) industries will boost market growth. Unlike traditional ceramics that are made of clay, advanced ceramics are composited by borides, oxides, nitrides, carbides, and others giving the leverage of controlling the chemical composition, crystal structure, and grain size precisely.

The emergence of COVID-19 in the first quarter of FY 2020 had major implications on the market growth owing to suspension in manufacturing operations across major end-use industries, including electronics, automotive, and industrial. In addition, the supply trade was majorly disrupted owing to lockdown. Despite the negative impact of the pandemic on the market growth, the product demand is expected to increase with the surge in investments in the renewable energy sector. Advanced ceramics, owing to their properties, are gaining prominence in the energy sector for producing equipment that requires high-temperature resistance.

Furthermore, the product demand is on the rise from diagnostic equipment applications, which are witnessing rapid demand amid the COVID-19 pandemic. Electrical and electronics was the largest end-use segment in 2019. Advanced ceramics have numerous applications in this segment, in products such as ceramic substrates, circuit carriers, and core materials. Rising demand for high-power electronics from the automotive, optoelectronics, aerospace, and other major industries is expected to drive market growth over the forecast period.

Central & South America is anticipated to witness significant growth over the forecast period on account of increasing investments in the renewable energy sector. For instance, in July 2020, Ibitu Energia announced its plan to invest USD 830 million in renewable energy assets in the coming five years. The market is characterized by the presence of various raw material producers, manufacturers, and distribution partners. Major market players are integrated across different stages of the value chain. The efficiency of advanced ceramics has propelled manufacturers to invest in this market. For instance, in 2016, GE Aviation invested in new plants for advanced ceramics.

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Advanced Ceramic Market Report Highlights

• Asia Pacific is estimated to witness the fastest CAGR of 4.2% during the forecast period on account rising investments in industries, such as EV, medical, and electronics
• The titanate segment is anticipated to register the fastest growth rate during the forecast period owing to the material’s ability to withstand extremely high temperatures of several hundred degrees
• Ceramic matrix composites will be the fastest-growing product segment from 2020 to 2027, owing to the better performance of these products over monolithic
• The automotive end-use industry accounted for a share of more than 12.0% in 2019 owing to rising demand for advanced ceramics in the EV sector

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

Advanced Ceramic Market Segmentation

Grand View Research has segmented the global advanced ceramic market on the basis of material, product, application, end-use, and region:

Advanced Ceramics Material Outlook (Revenue, USD Million, 2016 - 2027)

• Alumina
• Titanate
• Zirconate
• Ferrite
• Aluminum Nitride
• Silicon Carbide
• Silicon Nitride

Advanced Ceramics Product Outlook (Revenue, USD Million, 2016 - 2027)

• Monolithic
• Ceramic Coatings
• Ceramic Matrix Composites

Advanced Ceramics Application Outlook (Revenue, USD Million, 2016 - 2027)

• Electrical Equipment
• Catalyst Support
• Electronic Devices
• Wear Parts
• Engine Parts
• Filters
• Bioceramics
• Others

Advanced Ceramics End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Electrical & Electronics
• Automotive
• Machinery
• Environmental
• Medical
• Others

Advanced Ceramics Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Advanced Ceramic Market

• 3M
• CeramTec GmbH
• Elan Technology
• Oerlikon Surface Solutions AG
• Ortech Inc.
• Morgan Advanced Materials PLC
• CoorsTek, Inc.
• Kyocera Industrial Ceramics Corp.
• Murata Manufacturing Co. Ltd.
• Saint-Gobain

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.

Thermal Interface Materials Market Predicted to Witness Steady Growth During the Forecast Period

 Thermal Interface Materials Market Growth & Trends

The global thermal interface materials market size is projected to reach USD 4.1 billion by 2027, expanding at a CAGR of 11.0%, according to a new report by Grand View Research, Inc. Growing demand for electrical and electronic gadgets is anticipated to boost the demand for thermal interface materials over the forecast period.

Increased demand for high specification electronic goods in light of new launches in the field of consumer electronics and technological innovations are likely to support the demand for thermal interface materials. Moreover, growing demand for latest technological gadgets and specialty electronics for high end operations are expected to augment the market in the projected time.

Commercial availability and enhanced performance characteristics of the products to reduce the heat transfer is likely to support the demand. Thermal interface materials are known to conduct more heat than air which it displaces as a substance to fill the imperfection between the physical contacts of solid surfaces. These substances can also be used to extract waste heat generated when a semiconductor electronic device is used to its maximum potential.

Increasing reliance on electronic devices, growing adoption of electric cars, and rising demand for smart devices are anticipated to drive the demand of the product in the estimated time frame. The market is highly competitive in nature as market influencers like high degree of innovation in terms of product development and performance, remarkable impact of e-commerce in the shopping experience, and product substitutes.

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Thermal Interface Materials Market Report Highlights

• The computer application segment registered the highest market share in utilizing the product followed by the telecom sector at over 20.0% in 2019. This is owing to rising reliance on computers and laptops globally for personal and professional use
• The market share for greases and adhesives product in 2019 stood at USD 617.3 million and is expected to witness a CAGR of 10.7% over the projected period owing to their suitable lubrication properties like viscosity, thermal stability, and oxidation resistance
• Asia Pacific was the largest regional segment accounting for 37.5% of the total market share in terms of revenue in 2019 due to the prominence of expansion in the medical and pharmaceutical industry in the emerging economies
• Tapes and films accounted for a revenue of USD 257.9 million in 2019 on account of high demand in the electronic and electrical equipment due to requirements related to heat dissipation
• Key companies operating in the country are involved in the production of advanced materials in order to increase the market share and revenues in the market.

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

Thermal Interface Materials Market Segmentation

Grand View Research has segmented the global thermal interface materials market on the basis of product, application and region.

Thermal Interface Materials Product Outlook (Revenue, USD Million, 2016 - 2027)

• Tapes and films
• Elastomeric Pads
• Greases and Adhesives
• Phase change materials
• Metal Based
• Others

Thermal Interface Materials Application Outlook (Revenue, USD Million, 2016 - 2027)

• Telecom
• Computer
• Medical devices
• Industrial machinery
• Consumer Durables
• Automotive Electronics
• Others

Thermal Interface Materials Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Thermal Interface Materials Market

• The 3M Company
• Henkel
• Indium Corporation
• Fujipoly
• The Dow Chemical Company
• Honeywell International Inc.
• SIBELCO
• Shin-Etsu

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.