Leather Chemicals Market to Reap Excessive Revenues By 2030

 Leather Chemicals Market Growth & Trends

The global leather chemicals market size is expected to reach USD 13.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.6% over the forecast period. The demand is attributed to the increase in demand for premium products and increasing consumption of the product from end-use industries such as automotive, apparel, and footwear. Demand for the product is predicted to rise in a wide range of applications, including jackets, wallets, upholstery, shoes, and belts, due to changing consumer lifestyles and increased disposable income. Leather is used in Personal Protection Equipment (PPE), such as shoes and gloves, and plays an important part in the construction industry.

Increasing disposable income in developing economies, combined with expanding population, is predicted to enhance demand for consumer goods, fueling the product market. Because of the rising use of finishing chemicals in Europe, the industry is expected to develop. Product manufacturers have integrated their manufacturing and distribution channels to improve market accessibility. The major factor driving the demand for leather in the past as well as in the coming years is the rapidly growing upholstery industry, which finds application in airplanes, furniture, and automobiles. It is liberally used in high-quality furniture and in high-end automobiles. upholstery is easy to clean, durable, and has a luxurious appeal. Premium brands are already offering upholstery to a number of small vehicle models. Another developing area for upholstery is airplane interiors in which high-performance leather makes it a suitable choice for engineers, designers as well as cost controllers.

The demand for footwear is increasing on account of expanding population and rising consumer spending capacity in the developing regions of the world. The dynamics of the footwear industry have changed with individuals preferring multiple as well as different types of footwear. The product is used to provide dimensional strength as well as tolerance to high temperatures and mechanical action to footwear, thus making it more durable. Thus, the thriving footwear industry is also expected to boost productivity growth over the forecast period.

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Leather Chemicals Market Report Highlights

• The polyurethane resins segment accounted revenue share of more than 22.0% in 2021. The growth is attributed to the increase in its utilization in leather processing
• The tanning and dyeing process is anticipated to witness the highest CAGR of 6.7% from 2022 to 2030 in terms of revenue owing to its various operations such as pickling, degreasing, tanning, dyeing, and drying
• The footwear application segment dominated the market and accounted for a revenue share of more than 49.0% in 2021. The demand is anticipated to grow with an increase in the consumption of leather in manufacturing footwear
• The upholstery segment is anticipated to witness a CAGR of 6.5% over the forecast period. The growth is anticipated to extensive coating application, and use of soft leather in the automotive and furniture industry
• Rising consumption of finishing chemicals in Europe is expected to foster market growth. The product manufacturers have integrated their production and distribution channels for improved market accessibility 

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Leather Chemicals Market Segmentation

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

Leather Chemicals Product Outlook (Revenue, USD Million, 2018 - 2030)

• Biocides
• Surfactants
• Chromium Sulfate
• Polyurethane Resins
• Sodium Bicarbonate
• Others

Leather Chemicals Process Outlook (Revenue, USD Million, 2018 - 2030)

• Tanning & Dyeing
• Beamhouse
• Finishing Chemicals

Leather Chemicals Application Outlook (Revenue, USD Million, 2018 - 2030)

• Footwear
• Upholstery
• Leather Goods
• Garments

Leather Chemicals Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Leather Chemicals Market

• Stahl International B.V
• Lanxess AG
• Bayer AG
• Elementis plc
• Texapel
• Chemtan Company Inc.
• Lawrence Industries 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.

Global Demand for Open Banking Market Increasing in Most Part of World 2030

 Open Banking Market Growth & Trends

The global open banking market size is expected to reach USD 135.17 billion by 2030, growing at a CAGR of 27.2% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The global open banking market is expanding as a result of favorable government legislation, improved overall customer involvement made possible by open banking APIs, and an increase in the adoption of innovative applications and services. In addition, the relocation in the focus of retail banks toward consolidated technological enhancements also bodes well with the market’s growth.

Key industry players are aggressively investing in offering enhanced services to their customers. For instance, in June 2022, Mastercard announced its latest open banking feature, named Pay by link, through its banking pioneer in Europe, Aiia. This feature is expected to eliminate needless payment stages for companies from any sector by developing a straightforward link that enables clients to pay instantaneously in any situation. It is closely related to Mastercard's open banking agenda, which seeks to usher in a new era of choice, convenience, and personalization in a secure manner.

Increased investment in the open banking space by prominent players is expected to drive market growth over the forecast period. For instance, Visa, Inc. purchased Tink in June 2021 for USD 2.15 billion. The acquisition is anticipated to hasten the adoption of open banking in Europe through the provision of a reliable and secure platform for innovation. As a result, consumers have more control over their finances, including money management and financial goals.

The outbreak of the COVID-19 pandemic is expected to play a vital role in driving the growth of the open banking market over the forecast period. Since the pandemic, the banking industry has been continuously evolving to improve the customer experience and ease the process of banking for consumers. In addition, the rapid adoption of digitalization is expected to create a positive outlook for the market.

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Open Banking Market Report Highlights

• The banking & capital markets segment dominated the market in 2022. The changing investment needs of the new age population are expected to propel segment growth. People are looking for more flexible and worthy investment options offered through advanced platforms.
• The cloud segment is anticipated to witness the fastest growth owing to the increased adoption of cloud technology across the banking sector. Banks are leveraging the benefits of open banking by implementing strategic cloud solutions. As open banking evolves, the cloud is projected to become a critical technology in the banking sector.
• The app markets segment dominated the market in 2022. The segment growth can be attributed to the rising utilization of smartphones and applications for numerous purposes, such as mobile banking. Open banking applications leverage APIs to provide various services, such as rapid payments, a financial dashboard displaying accounts from several banks, proof of income, credit status verification, and money-saving advice to customers.
• The Asia Pacific regional market is anticipated to witness the fastest growth over the forecast period. The growing technological awareness in developing countries of the region is expected to play a decisive role in driving the growth of the regional market. Moreover, the Asia Pacific region is portraying an increased willingness of customers to share personal data in exchange for more customer-tailored services.

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Open Banking Market Segmentation

Grand View Research has segmented the global open banking market based on services, deployment, distribution channel, and region.

Open Banking Services Outlook (Revenue, USD Million, 2017 - 2030)

• Banking & Capital Markets
• Payments
• Digital Currencies
• Value Added Devices

Open Banking Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premise

Open Banking Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Bank Channels
• Apps Markets
• Distributors
• Aggregators

Open Banking Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Open Banking Market

• Banco Bilbao Vizcaya Argentaria, S.A.
• Crédit Agricole
• DemystData, Ltd.
• Finleap connect
• Finastra
• FormFree Holdings Corporation
• Jack Henry & Associates, Inc.
• Mambu
• MineralTree, Inc.
• NCR 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.

Industrial Coatings Market Get Facts About Business Strategies 2022 to 2030: Grand View Research Inc.

 Industrial Coatings Market Growth & Trends

The global industrial coatings market size is expected to reach USD 112.22 billion by 2030, registering a CAGR of 3.5% during the forecast period, according to a new study by Grand View Research, Inc. Increasing product demand from the aerospace, electronics, power generation, mining, marine, oil & gas, automotive & refinish industries is expected to propel the market growth. Industrial coatings are widely used in general industrial applications, such as in heat exchangers, steel structures, containers, concrete, furniture, appliances, material handling equipment, and others to protect them from heat and humidity. These coatings also help protect equipment against chemical attack, abrasion, and corrosion, thereby improving product efficiency.

Rapid industrialization in economies, such as India, China, and Brazil, is also expected to provide new opportunities for the market. The presence of a large number of manufacturers is also projected to fuel the product demand from general industrial applications. The acrylic product segment is estimated to register the fastest CAGR from 2022 to 2030. On account of good adhesion, corrosion resistance, fast-drying properties, and barrier & inhibiting ability, acrylic industrial coatings are widely used in the automotive & auto refinish, general industries, aerospace, and other end-use sectors. Machinery equipment, new construction & refurbishment, automobiles, and intermodal containers are some of the applications of acrylic industrial coatings.

Alkyd is also anticipated to grow at a substantial growth rate during the forecast period. Alkyd coatings are used in an industrial environment majorly for metal coatings. These coatings have good gloss & color retention and corrosion resistance properties. They increase the durability of metal and thus find application in the coating of various structures, such as marine vessels, automotive parts, oil & gas plants, towers, and bridges. The water-based technology segment is expected to have the fastest CAGR from 2022 to 2030 as these coatings dry quicker than solvent-based coatings due to the faster evaporation of water from the coating layer. This results in fast-drying without the formation of surface skin. Water-based industrial coatings are mainly used in applications where solvent-based coatings react with the substrate.

They are ideal to use as primers as they possess excellent corrosion and thermal resistance. They have low toxicity due to the low VOC content and less hazardous air pollutant emissions and are flame-resistant. Due to strict legislation regarding the solvents present in coatings in the U.S. and several European countries, the use of water-based coatings is projected to increase. The powder-based technology segment is projected to witness considerable growth during the forecast period. It is more durable and eco-friendlier compared to its counterparts. Powder coatings have negligible VOC content due to the absence of solvents and thus, they comply more efficiently and economically with the environmental protection regulations.

Powder-based coatings are widely used in agricultural equipment, automotive, machine components, mechanical parts & building facades, and electrical fixtures to prevent corrosion and provide a thicker coating. Increasing demand for farming equipment, such as tractors, in Brazil, India, and China is expected to boost the demand for powder-based industrial coatings. Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in July 2019, Axalta Coating Systems, LLC showcased its new technology, Amarium Pre-Catalyzed Lacquers, for use in wood coatings. The new technology protects the surface from ultra-violet radiation and is used for various applications including wooden furniture, cabinets, and other interior wood surfaces.

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Industrial Coatings Market Report Highlights

• Growing R&D investments by major industry players to develop sustainable and VOC-free coatings are expected to propel the product demand
• Asia Pacific dominated the global market in 2021 and is projected to witness the fastest CAGR from 2022 to 2030
• The acrylic product segment is potentially fueling the market growth owing to its rising demand in various end-use industries
• The solvent-borne technology segment accounted for the largest revenue share in 2021 and will expand further at a steady CAGR from 2022 to 2030
• The general industrial end-use segment accounted for the largest revenue share in 2021 and is expected to grow at a significant CAGR during the forecast period

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Industrial Coatings Market Segmentation

Grand View Research has segmented the global industrial coatings market based on product, technology, end-use, and region:

Industrial Coatings Product Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

• Acrylic
• Alkyd
• Polyurethane
• Epoxy
• Polyester
• Others

Industrial Coatings Technology Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

• Solvent-borne
• Water-borne
• Powder-based
• Others

Industrial Coatings End-use Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

• General Industrial
• Marine
• Automotive & Vehicle Refinish
• Electronics
• Aerospace
• Oil & Gas
• Mining
• Power Generation
• Others

Industrial Coatings Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2019 - 2030)

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

List of Key Players of the Industrial Coatings Market

• PPG Industries, Inc.
• Akzo Nobel N.V.
• The Sherwin-Williams Company
• Axalta Coating Systems, LLC
• Jotun
• BASF SE
• Henkel AG & Company, KGaA
• Nippon Paint Holdings Co., Ltd.
• Hempel A/S
• Beckers 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.

Personalized Medicine Market to Reach USD 922.72 Billion by 2030: Grand View Research Inc.

 

Personalized Medicine Market Growth & Trends

The global personalized medicine market size is expected to reach USD 922.72 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 6.95% from 2022 to 2030 owing to the increasing incidence of diseases and the rising demand for novel therapeutic drugs. The emerging applications of personalized medicine are consistently enhanced by immense research efforts. For instance, in July 2022, researchers at the UMass Chan Medical School developed a microorganism-based personalized medicine model system to aid the understanding of variation in metabolism to gauge the connection between an individual’s genome, diet, microbiota, and associative environmental factors.

Most cancer conditions are usually caused by an underlying genetic discrepancy and can cause fatalities with progression. The cancer condition can be effectively and precisely treated by understanding specific genomic characteristics. For instance, in May 2020, Qiagen launched QIAseq pan-cancer multi-modal panel to enable robust analysis of genomic characteristics of cancer subjects to derive a broad spectrum of applications in precision medicine for the profiling of solid tumors and heme malignancies.

The market is positively driven by advancements in NGS technologies and extensive research on the human genome. There has been an increasing focus on utilizing NGS to derive personalized medicine outcomes that could potentially be used for the treatment of cancer and rare genetic disorders. For instance, Illumina declared that it will present its multiple oncology research abstracts at the European Society of Medical Oncology (ESMO) annual meeting in Paris. Their research enables personalized cancer care using comprehensive genomic profiling of biopsies to match subjects to the potential drugs and immunotherapies.

Telemedicine facilitates virtual or telephonic clinical advice to aid physical convenience. Telemedicine is increasingly trending, especially after the COVID-19 pandemic. Government and research institutes are taking substantial efforts to enhance the applications of personalized telemedicine. For instance, in August 2022, the National Cancer Institute declared a grant of USD 23 million for five years to aid the launch of Telehealth Research Centers of Excellence (TRACE) across the U.S. The program was launched with the support of the White House Cancer Moonshot to seek development and advancements in telehealth delivery for cancer care with a mission to leverage health equity.

Molecular imaging systems and medical devices are playing a primary role in emerging advancements in personalized medicine. They effectively leverage the applications of personalized medicine in the treatment of different types of cancers. For instance, in June 2022, GE Healthcare declared the release of high-end molecular imaging by using gallium-68 radioisotope for the diagnosis and monitoring of prostate cancer so as to leverage access to precision health and theranostics for personalized prostate cancer treatment at an early stage of cancer progression.

The market is in the growth phase due to emerging technological advancements along with consistent industrial efforts such as collaborations and expansions. For instance, in December 2021, Biogen Inc., and TheraPanacea declared that they have signed a collaboration that focuses on advancing digital health for personalized medicine in neuroscience.

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Personalized Medicine Market Report Highlights

• The overall growth of the market is attributed to the rising need for novel therapeutic drugs coupled with leveraged genetic level understanding of diseases and the rising incidence of cancers and genetic disorders across the globe

• The personalized medicine therapeutics segment is anticipated to witness high growth over the forecast period owing to the extensive usage of pharmacogenomics for developing biopharmaceuticals. Further, the genomic medicine therapeutics segment is anticipated to grow substantially during the forecast period owing to significantly lowered costs of whole-genome sequencing

• North America dominated the market in 2021 due to the presence of key players and their intensive research for the development of novel therapies to find out curative solutions for various diseases

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

Personalized Medicine Market Segmentation

Grand View Research has segmented the global personalized medicine market on the basis of product and region:

Personalized Medicine Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Personalized Medicine Diagnostics

  • Genetic Testing

  • Direct-To-Consumer (DTC) Diagnostics

  • Esoteric Lab Services

  • Esoteric Lab Tests

• Personalized Medicine Therapeutics

  • Pharmaceutical

  • Genomic Medicine

  • Medical Devices

• Personalized Medical Care

  • Telemedicine

  • Health Information Technology

• Personalized Nutrition & Wellness

  • Retail Nutrition

  • Complementary & Alternative Medicine

Personalized Medicine Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Spain

  • Italy

• Asia Pacific

  • Japan

  • China

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players of Personalized Medicine Market

• GE Healthcare

• Illumina, Inc.

• ASURAGEN, INC.

• Abbott

• Dako A/S

• Exact Sciences Corporation

• Danaher Corporation (Cepheid, Inc.)

• Decode Genetics, Inc.

• QIAGEN

• Exagen Inc.

• Precision Biologics

• Celera Diagnostics LLC

• Biogen

• Genelex

• International Business Machines Corporation (IBM)

• Genentech, Inc.

• 23andMe, 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.

Genomics Market Latest Innovations, Drivers and Industry Key Events 2022– 2030: Grand View Research Inc.

 Genomics Market Growth & Trends

The global genomics market size is expected to reach USD 94.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 16.4% in the forecast period owing to the increasing demand for novel therapeutic and research applications in genomics. Moreover, it is extensively used for a wide variety of applications, such as pharmacogenomics, and metagenomics. The emerging applications of genomics are braced up by industrial collaborations and expansions. For instance, in June 2020, Merck & Co., Inc., and 10x Genomics, Inc., collaborates to develop powerful genomics-based experiments to better understand the relationship between specific genes and disease by using 10x Genomics’ barcode technology to screen single cells using CRISPR libraries.

Technological advancements in the genomics market such as research on chromosomal instability and gene signatures utilizing unique samples from huge databases give out comprehensive insights into their clinical applicability. For instance, in June 2022, researchers from Cambridge University and the National Cancer Research Center (at Madrid, Spain) deduced to track chromosomal instability and copy number variations to understand the role of internal factors in driving such genomic alterations in cancers that are fatal in nature.

Diseases caused by genetic inheritance can cause a wide range of disease conditions such as cardiovascular, diabetes, and cancer conditions. Genetic disorders can be effectively combatted by understanding specific characteristics of an individual’s genome sequence. For instance, in November 2021, Illumina, Inc. and the Genetic Alliance, collectively declared the launch of the iHope genetic health program so as to facilitate access to whole-genome sequencing to survivors of genetic disorders across the globeDee with one-third of the efforts to support subjects in Africa.

The market is positively driven by the lucrative support from the government and other research organizations for advancement in research on the genome sequence. There has been an increasing focus on funds for data-driven initiatives on genome sequence research to derive outcomes that are helpful for the treatment of rare diseases, infectious diseases, inherited disorders, and cancers. For instance, in August 2022, Medical Device Innovation Consortium launched its somatic reference samples initiative to develop clinically relevant samples and public genomic datasets to aid the enhancement of NGS-based cancer diagnostics. Similarly, in September 2022, the Centres for Disease Control (CDC) declared 5-year awards to establish the pathogen genomics centers of excellence (PGCoE) network to foster innovation and capabilities in bioinformatics, pathogen genomics, and molecular epidemiology.

One of the most important factors anticipated to impact the genomics market is how much and to what extent the medical community will make use of available genomic information in personalized medicine. Furthermore, plummeting costs of sequencing support an increase in the adoption of whole genome sequencing. Scientists are combining the data generated from sequencing with diagnostics, which has proven effective in enhancing the personalized treatment landscape. According to a report published by OGL, as of July 2021, the UK exceeded 600,000 SARS-CoV-2 genomically sequenced tests. Genomic sequencing has been helpful in the fight against SARS-CoV-2 by quickly identifying variations that are of concern, elucidating how they spread, and halting them.

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Genomics Market Report Highlights

• The overall growth of the genomics market is attributed to the rising dependence of novel therapeutics for genetic disorders and cancers on genomics-based understanding
• Functional genomics held the largest market share in the year 2021, owing to the demand for rising applications in diagnostics and gene therapy. Biomarker discovery is anticipated to be the fastest-growing segment in the forecast period due to rising applications of biomarkers in disease and therapeutics research
• North America dominated the market in 2021 due to the presence of key players and rising support from the government and research institutes to advance the research on Genomics in the region

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

Genomics Market Segmentation

Grand View Research has segmented the global genomics market on the basis of application, deliverables, end-use, and region:

Genomics Application & Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Functional Genomics
  • Real-Time PCR
  • Transfection
  • SNP Analysis
  • Mutational Analysis
  • Microarray Analysis
  • RNA Interference
• Epigenomics
  • Bisulfite Sequencing
  • Chromatin Immunoprecipitation (ChIP & ChIP-Seq)
  • Methylated DNA Immunoprecipitation (MeDIP)
  • High Resolution Melt (HRM)
  • Chromatin Accessibility Assays
  • Microarray Analysis
• Pathway Analysis
  • Microarray Analysis
  • Bead-Based Analysis
  • Real-time PCR
  • Proteomics tools (2-D PAGE; yeast 2-hybrid studies)
• Biomarker Discovery
  • DNA Sequencing
  • Microarray Analysis
  • Real-time PCR
  • Mass Spectrometry
  • Statistical Analysis
  • Bioinformatics
• Others

Genomics Deliverables Outlook (Revenue, USD Million, 2018 - 2030)

• Products
  • Instruments/Systems/Software
  • Consumables & Reagents
• Services
  • Core Genomics services
  • NGS-based Services
  • Biomarker Translational Services
  • Computational Services
  • Others

Genomics End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Clinical Research
• Academic & Government Institutes
• Hospitals & Clinics
• Pharmaceutical & Biotechnology Companies
• Other End Users

Genomics Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Genomics Market

• Agilent Technologies
• Bio-Rad Laboratories, Inc.
• BGI Genomics
• Color Genomics, Inc.
• Danaher Corporation
• Eppendorf AG
• Eurofins Scientific
• Hoffmann-La Roche Ltd.
• GE Healthcare
• Illumina, Inc.
• Myriad Genetics, Inc.
• Oxford Nanopore Technologies
• Pacific Biosciences of California, Inc.
• QIAGEN N.V.
• Quest Diagnostics Incorporated
• Thermo Fisher Scientific, Inc.
• 23andMe, 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.

Phosphoric Acid Market Set to Record Exponential Growth by 2027: Grand View Research Inc.

 Phosphoric Acid Market Growth & Trends

The global phosphoric acid market size is projected to reach USD 61.0 billion by 2027 registering a CAGR of 3.7%, according to a new report by Grand View Research, Inc. increasing production of fertilizers owing to the development in the global agricultural sector is expected to augment the product demand.

Fertilizers is the key point of application for phosphoric acid wherein the product is used to formulate Diammonium Hydrogen Phosphate (DAP), Mono Ammonium Dihydrogen Phosphate (MAP), and Triple Superphosphate (TAP). Among these, DAP constituted the largest share of the market, in terms of volume, in 2019. The growing need for nutrients internationally on account of increasing world population is anticipated to augment fertilizers industry. As a result, the manufacturers are set to expand their production capacity to cater to the growing demand.

For instance, in June 2019, EuroChem opened its third fertilizer blending plant in Brazil, which has a capacity of 6 kilotons per day. According to the International Fertilizer Industry Association, the global capacity of nitrogen, phosphoric acid, and potash is expected to rise significantly of which phosphoric acid is expected to register highest growth rate. The product is expected to witness an increase of around 2% in its global capacity from 2018 to 2021. Asia Pacific was the major consumer in 2019 and this trend is expected to continue over the forecast period.

The growth can be attributed to rising production of fertilizers in China. The growth, however, is anticipated to be hindered in 2020 on account of the Covid-19 pandemic, which is believed to be originated from China. Hubei was the key producer of MAP and DAP in the country. However, as of February 2020, only four manufacturers are engaged in production, rest all other phosphate plants had suspended their operations, which impacted half of the Hubei’s phosphate industry.

The production and consumption of fertilizers is anticipated to grow by 2021, owing to the increasing productivity in agricultural sector. For instance, in India, which is amongst the key crop producers in the world, the food grain production increased by 6.74 million tons from 2018-19 to 2019-20.

Major companies focus on capacity expansion to gain competitive advantage. For instance, in November 2019, Paradeep Phosphates gave Thyssenkrupp Industrial Solutions contract to expand their phosphoric acid plant in Odisha, India. The project will increase the plant’s capacity from 1,000 tons to 1,400 tons of production per day.

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Phosphoric Acid Market Report Highlights

• DAP accounted for the largest volume share in 2019 on account of its high nutrient grade, which leads to cost reduction in terms of handling, freight, as well as application and is projected to grow at a volumetric CAGR of 2.8% from 2020 to 2027
• Phosphoric acid is majorly produced by two commercial methods, which include wet process and thermal process; wherein more than 50% of the global production sites utilize Prayon Technology (wet process technology)
• Asia Pacific is expected to register the fastest growth rate of 3.5%, in terms of volume, over the forecast period, owing to increasing production of fertilizers in the region
• The market is highly competitive and thus, manufacturers are investing in production capacity expansion
• For example, in December 2019, CSCEC and Wengfu Group collaborated to build a phosphoric acid plant with Phosphate Misr Company in Egypt with a total investment of USD 848 million

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

Phosphoric Acid Market Segmentation

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

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

• Diamonium Hydrogenphosphate (DAP)
• Monoammonium Dihydrogenphosphate (MAP)
• Triple Superphosphate (TSP)
• Other Fertilizers
• Other Applications

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

• North America
  • US.
  • Canada
• Latin America
  • Mexico
  • Brazil
  • Peru
  • Argentina
  • Chile
• Africa
  • Egypt
  • Morocco
  • South Africa
  • Tunisia
  • Senegal
• Middle East
  • Saudi Arabia
  • Israel
  • Jordan
  • Turkey
• Europe
  • Belgium
  • France
  • Germany
  • Russia
  • Spain
• Asia Pacific
  • China
  • Indonesia
  • Japan
  • India
  • Thailand
  • Vietnam

List of Key Players of Phosphoric Acid Market

• The Mosaic Company
• PJSC PhosAgro
• Nutrien
• IFFCO
• EuroChem Group AG
• Prayon Group
• Israel Chemical Ltd.
• Yara International
• OCP S.A.
• Aditya Birla 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.

Fire Fighting Foam Market Overview, Analysis And Forecast To 2030: Grand View Research Inc.

 Fire Fighting Foam Market Growth & Trends

The global fire fighting foam market size is anticipated to reach USD 6.73 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to propel at a CAGR of 3.6% over the forecast period. Increasing fire-related accidents and wildfires across the globe due to various factors, such as climatic changes, human errors, electrical faults, and gas leakage, are anticipated to drive the industry over the forecast period. The Aqueous Film Forming Foam (AFFF) segment led the global industry in 2021. The Asia Pacific region is expected to be the largest and fastest-growing regional market by 2030 due to increasing fire incidents resulting in loss of life and damage to property and the environment.

For instance, in 2021, Hong Kong witnessed a major fire breakout across a skyscraper building, captivating and injuring numerous people. Hence, rising fire incidents are propelling product demand and are expected to follow a similar trend throughout the forecast period. New product development and acquisitions are the major strategies adopted by companies to capture the industry. For instance, in April 2021, Johnson Controls introduced Chemguard 3×3, a non-fluorinated foam concentrate, which is expected to deliver effective and impulsive fire suppression of Class B hydrocarbon and polar solvent fuel fires.

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Fire Fighting Foam Market Report Highlights

• The Aqueous Film Forming Foam (AFFF) segment led the industry in 2021 owing to the property of AFFF of instant form formation upon ejection of the concentrate or water mix from the nozzle
• The class A segment dominated the global industry in 2021. Class A fires involve common combustible substances, such as fabric, wood, paper, and plastics
• These accidental fires are common in various industries since these fires can intensify at a high rate in the presence of fuel abundance
• Growing fire-related accidents due to numerous factors across North America, Europe, and the Asia Pacific are expected to fuel the industry growth
• Furthermore, the foam blanket suppresses the oxygen supply to flammable material, hence preventing combustible evaporation

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

Fire Fighting Foam Market Growth & Trends

Grand View Research has segmented the global fire fighting foam market report based on basis of product, application, and region:

Fire Fighting Foam Type Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Aqueous Film Forming Foam (AFFF)
• Alcohol Resistant Aqueous Film Forming Foam (AR-AFFF)
• Protein Foam
• Synthetic Detergent Foam

Fire Fighting Foam Fire Type Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)

• Class A
• Class B
• Class C

Fire Fighting Foam End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Oil & Gas
• Automotive
• Chemical
• Aviation
• Marine
• Mining
• Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

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

List of Key Players in the Fire Fighting Foam Market

• BIO EX S.A.S.
• ANGUS FIRE
• National Foam
• Perimeter Solution
• DIC Corporation
• Johnson Controls
• Dafo Fomtec AB
• Fabrik Chemischer Praparate von Dr. Richard Sthamber GmbH & Co. KG
• Kerr Fire
• SFFECO GLOBAL

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.

Short-term Vacation Rental Market Expected To Trigger A Revenue To USD 256.31 Billion By 2030: Grand View Research, Inc.

 Short-term Vacation Rental Market Growth & Trends

The global short-term vacation rental market size is expected to reach USD 256.31 billion by 2030, registering a CAGR of 11.1% during the forecast period, according to a new report by Grand View Research, Inc. The stay-at-home restrictions during the COVID-19 pandemic have led people to plan out staycations or short-term vacation spot-pandemic. This has created more need for staycation places and is contributing to the growth of the industry. Rising expenditure on travel and tourism, demand for eco-friendly stays, and increasing per capita expenditure will further bolster industry growth. The distinction between work and fun is becoming hazier in the post-pandemic era, and the rise of the work-from-home trend has made work more flexible.

This resulted in travel growth across the globe with travelers experiencing new places putting work-life balance into the form of equilibrium. Offering an attractive proposition, short-term vacation rentals can provide a great return on investment to the landlords helping them achieve larger profits as compared to traditional long-term rentals, by utilizing hosting platforms, such as Booking.com and Airbnb, creating better industry prospects. In terms of accommodation type, the home segment dominated the industry and is expected to account for the largest market share over the forecast period. In general, families or groups of friends traveling together aren’t catered to well by the majority of hotels. Visitors can easily spend the majority of their budget before they even begin due to the cost of dining out and the necessity of reserving multiple rooms to fit everyone.

Fortunately, it’s simple to locate vacation houses that can accommodate any size gathering. Visitors can save a lot of cash by consuming at least a few of their meals at home, in addition to the necessities (plenty of bedrooms, toilets, and televisions). North America held the largest share in 2021owing to a rise in the inclination of people in North America towards hotels & restaurants due to tourism. North America is surrounded by oceans on all sides and is home to many breathtaking locales & landscapes, which makes it one of the most sought-after tourist destinations in the world. Government initiatives are expected to play a major role in the global market by making heavy investments in infrastructure and connectivity development, particularly in developing countries while opening a plethora of opportunities for industry players to expand their portfolios and contribute to the growth.

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Short-term Vacation Rental Market Report Highlights

• The home segment led the global industry in 2021 and is projected to expand further at a significant CAGR during the forecast period
• Vacation home rentals offer the finest of both worlds, allowing guests to unwind in the comfort and solitude of their own house while still taking advantage of the luxuries offered by a hotel
• The online/platform-based segment is expected to witness substantial growth during the forecast period. The increasing penetration of internet and smartphone devices across nations is augmenting the growth of online bookings through the rising number of monthly visitors
• North America was the dominant region in 2021. The growth is attributed to the region’s attraction points, such as its pristine lakes, modern cityscapes, historical sites, white sand beaches, and varied climatic conditions
• com, an Expedia Group, Inc. company, in December 2020, was named the official travel partner of the NBA. The agreement will allow Hotel.com to engage with NBA fans and travelers through integrated marketing efforts, which will illustrate that using Hotel.com is the most rewarding way to book accommodations

Access Press Release@ https://www.grandviewresearch.com/press-release/global-short-term-vacation-rental-market

Short-term Vacation Rental Market Segmentation

Grand View Research has segmented the global short-term vacation rental market based on accommodation type, booking mode, and region:

Short-term Vacation Rental Accommodation Type Outlook (USD Million, 2017 - 2030)

• Home
• Apartments
• Resort/Condominium
• Others

Short-term Vacation Rental Booking Mode Outlook (Revenue, USD Million, 2017 - 2030)

• Online
• Offline

Short-term Vacation Rental Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Short-term Vacation Rental Market

• com Pte. Ltd.
• Airbnb, Inc.
• Booking Holdings, Inc.
• Expedia Group, Inc.
• Hotelplan Management AG
• MakeMyTrip Pvt. Ltd.
• NOVASOL A/S
• Oravel Stays Pvt. Ltd.
• TripAdvisor, Inc.
• Wyndham Destinations 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.

Dried Blood Spot Collection Cards Market Expected to Collect USD 517.2 Million by the End of 2030: Grand View Research Inc.

 Dried Blood Spot Collection Cards Market Growth & Trends

The global dried blood spot collection cards market size is expected to reach USD 517.2 million by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% from 2022 to 2030. Dried blood spot (DBS) collection cards are used to diagnose infectious diseases, particularly in resource-constrained areas, or to screen newborns for inherited metabolic problems, with a range of novel and innovative DBS uses only lately emerging.

Growing research studies for DBS testing and its advantages for diagnostic purposes are expected to fuel the market growth during the forecast period. In addition, the WHO recently recommended dried blood spot collection cards for diagnosis of HIV and hepatitis B & C due to the benefits of DBS in collecting blood and transport.

Moreover, dried blood spot collection cards have been used in a variety of toxicology applications, including toxicokinetics, epidemiological, environmental, and forensic toxicology. Dried blood spot collection cards are anticipated to be used as a sample preparation approach in forensic toxicology, and they can cost-effectively retain evidence for closed cases. Screening procedures as well as follow-up of markers of clinical or forensic interest are further toxicological applications where these cards may be progressively utilized.

Developing economies in Africa and Asia have the highest prevalence of rabies. The detection and surveillance of such diseases are hampered by the absence of clinical laboratories. Through dried blood spot collection cards, rabies can be diagnosed with limited resources. As per the data published by the Australian Trade and Investment Commission, Australia has become home to a thriving network of more than 470 biotechnology companies. A high number of established biotechnology and pharmaceutical players and extensive R&D initiatives being undertaken by them are expected to create a high need for DBS testing for therapeutic drug monitoring applications.

Various international organizations such as the U.S. Food and Drug Administration and the World Health Organization acknowledge the role of DBS cards in this pandemic. For instance, In June 2021, Symbiotic, Inc. was granted EUA by the FDA for a COVID-19 self-collect antibody test. This test can be conducted using ELISA with DBS for detecting COVID-19 antibodies in individuals aged 18 years and older, with collecting the sample in children aged 5 years and older by an adult.

The increase in the adoption of dried blood spot collection cards for therapeutic drug monitoring is a major factor expected to boost market growth in the near future. For instance, in July 2022, a study was conducted by researchers from the University of Washington and Med Biotech Laboratories to assess the feasibility of at-home dried blood spot collection along with PCR as a technique for malaria research. The study is anticipated to impact the therapeutic drug and vaccine studies for malaria. Researchers concluded that at-home dried blood spot collection cards for PCR are acceptable, robust, and feasible techniques.

On the other hand, it has been observed that dried blood spot collection cards are susceptible to cross-contamination or contamination by users, the environment, the equipment, and other collection cards during sample processing. The majority of these concerns can be mitigated by proper care and handling. Prolonged air drying of the conventional dried blood spot collection cards and contamination between samples during blood collection are some major causes of a high proportion of reactive samples.

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Dried Blood Spot Collection Cards Market Report Highlights

• By application, the New Born Screening (NBS) segment accounted for the largest revenue in 2021. An increase in research activities to enhance newborn screening is a major factor expected to fuel market growth
• By card type, the Whatman 903 segment dominated the market in 2021 and is expected to register the fastest growth rate from 2022 to 2030. At present, the Whatman paper is widely utilized in the testing of viral infections and the monitoring of therapeutic drugs
• North America dominated the market in 2021. This can be attributed to high healthcare expenditure, the presence of well-established healthcare infrastructure, and the high adoption of advanced dried blood spot collection cards in the U.S.
• The Asia Pacific region is anticipated to witness lucrative growth over the forecast period as a result of an increasing number of leading players in the region

Access Press Release@ https://www.grandviewresearch.com/press-release/global-dried-blood-spot-collection-cards-market

Dried Blood Spot Collection Cards Market Segmentation

Grand View Research has segmented the global dried blood spot collection cards market based on application, card type, and region:

Dried Blood Spot Collection Cards Application Outlook (Revenue, USD Million, 2018 - 2030)

• New Born Screening (NBS)
• Infectious Disease Testing
• Therapeutic Drug Monitoring
• Forensics
• CRO/Research
• Other Applications

Dried Blood Spot Collection Cards Type Outlook (Revenue, USD Million, 2018 - 2030)

• Whatman 903
• Ahlstrom 226
• FTA
• Others

Dried Blood Spot Collection Cards Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of the Dried Blood Spot Collection Cards Market

• QIAGEN
• Perkinelmer
• Roche
• Shimadzu Corporation
• Ahlstrom-Munksjö
• Pall Corporation
• Eastern Business Forms, Inc.
• Archimed Life Science GmbH
• Centogene N.V.

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.