Spinal Muscular Atrophy Treatment Market Set to Witness an Uptick during 2022 to 2030: Grand View Research Inc.

 Spinal Muscular Atrophy Treatment Market Growth & Trends 

The global spinal muscular atrophy treatment market size is expected to reach USD 18.0 billion by 2030, according to a new study by Grand View Research Inc. This is expected to expand at a CAGR of 18.6% from 2022 to 2030. This growth can be attributed to the increasing product approval and launches. For instance, in August 2020, the Food and Drug Administration approved Evrysdi (risdiplam) developed by Genentech, Inc., for the treatment of pediatric patients aged two months and older with spinal muscular atrophy (SMA). 

In addition, in May 2020, Novartis AG received conditional approval to its SMA candidate Zolgensma (onasemnogene abeparvovec) from the European Commission (EC) to treat patients with SMA. It is only approved gene therapy in Europe. In March 2021, PTC Therapeutics, Inc., received marketing approval for Evrysdi (risdiplam) from the EMA for the treatment of patient with type1, 2, and 3 spinal muscular atrophy. Thus, increasing number of product approvals is expected to drive the spinal muscular atrophy treatment market. 

Novartis AG is supporting SMA patients by offering medicine at free of cost through global Managed Access Program (MAP). This program provides 100 doses of Zolgensma at free of charge to eligible SMA patients across continents including North America, South America, Asia, Australia, Europe, and Africa. Thus, presence of such supportive programs for Zolgensma strengthens promotional activities and also aid in generating revenue. 

Global SMA newborn screening and easy access to diagnostic tools should be included in routine approach. This would ensure early diagnosis and timely access to treatment. For instance, in July 2021, a charlotte baby received a breakthrough gene therapy treatment for Spinal Muscular Atrophy (SMA) at UNC Medical Center in Chapel Hill, N.C., after diagnosis with spinal muscular atrophy through Early Check newborn screening program. Such screening programs are expected to boost early diagnosis and treatment of disease. 

Moreover, there are several extensive research collaborations undertaken by pharmaceutical companies with research institutes for developing novel therapies for the treatment of spinal muscular atrophy patients. For instance, in March 2021, PTC Therapeutics, Inc., and The Spinal Muscular Atrophy Foundation entered into research collaboration to advance scientific research and developing new treatment to treat patients with SMA. 

However, high costs associated with the treatment and low availability of participant for clinical trial purposes may restrain market growth over the forecast period. The high cost related to research and development of an orphan drug is a major factor of rising prices of product. For instance, the most commonly used drug Spinraza costs around USD 125,000 per injection and USD 750,000 annually. Furthermore, Zolgensma (AVXS-101) costs USD 2.1 million for one time treatment. 

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Spinal Muscular Atrophy Treatment Market Report Highlights 

• By type, the type-1 segment held the largest market share in 2021 due to higher prevalence and wide availability of products for the treatment of patients with type-1 spinal muscular atrophy
• By treatment, the gene therapy segment is expected to be the fastest growing segment over the forecast period due to increase market penetration. Zolgensma is the only approved gene therapy in 37 countries to treat patient with SMA
• By drug, the Spinraza segment dominated the market in 2021 due to presence of supportive reimbursement policies and increasing awareness about products. Currently, Spinraza is applicable for full reimbursement in three European countries Italy, Norway, Netherlands
• By route of administration, the injection segment dominated the market in 2021 due to high safety, efficacy, and tolerability associated with infusion drugs to SMA patients through this route of administration
• Asia Pacific is expected to be the fastest growing region during the forecast period. The growth of region is attributable to the entry of new products into the region. For instance, in July 2021, F. Hoffmann-La Roche Ltd launched Evrysdi (risdiplam) for the treatment of patient with spinal muscular atrophy in India 

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Spinal Muscular Atrophy Treatment Market Segmentation

Grand View Research has segmented the global spinal muscular atrophy treatment market based on type, application, technology, end-use, and region:

Spinal Muscular Atrophy Treatment Type Outlook (Revenue, USD Million, 2018 - 2030)

• Type 1
• Type 2
• Type 3
• Type 4

Spinal Muscular Atrophy Treatment Outlook (Revenue, USD Million, 2018 - 2030)

• Gene Therapy
• Drug

Spinal Muscular Atrophy Treatment Drug Outlook (Revenue, USD Million, 2018 - 2030)

• Spinraza
• Zolgensma (AVXS-101)
• Evrysdi
• Others 

Spinal Muscular Atrophy Treatment Route of Administration Outlook (Revenue, USD Million, 2018 - 2030)

• Oral
• Injection

Spinal Muscular Atrophy Treatment Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Spinal Muscular Atrophy Treatment Market

• Biogen
• Novartis AG
• Ionis Pharmaceuticals Inc.
• Biohaven Pharmaceuticals
• Hoffmann-La Roche Ltd
• Cytokinetics
• Scholar Rock, Inc.
• PTC Therapeutics
• NMD PHARMA A/S

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 Safety Eyewear Market to Register Stable Expansion During 2022– 2030: Grand View Research Inc.

 Safety Eyewear Market Growth & Trends

The global safety eyewear market size is expected to reach USD 5.51 billion by 2030, registering a CAGR of 4.4% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is largely driven by stringent workplace safety regulations and increasing dependence on visual media. People who spend long hours working on laptops or computers can experience discomfort in their eyes. Spending long hours focusing on thescreen and fonts can cause eye strain and fatigue, as well as headaches. Staring at screens for long hours can also leave eyes red, causing eyes to become dry due to lack of blinking. This happens frequently, as computer screens or other digital displays reduce a person’s blink rate by as much as 50%.

According to the National Safety Council, America’s leading nonprofit safety advocate, on a daily basis, around 2,000 workers in the U.S. sustain workplace-related eye injuries that require medical treatment. However, more than 85% of eye injuries can be avoided by wearing safety eyewear. The American Academy of Ophthalmology is spreading awareness about the importance of workplace eye safety and wellness and is encouraging employers and employees to wear the right protective equipment. The association also found that workplace-related eye injuries cost more than USD 300 million a year in lost productivity, treatment, and compensation.

These injuries range from simple chemical eye burns to blunt trauma injuries, which may lead to temporary or permanent vision loss and blindness. Workers in the construction, manufacturing, and mining sectors are more prone to such injuries; about 40% of eye injuries in the workplace are in these three sectors.Non-prescription safety eyewear held the largest share in terms of revenue. This can be attributed to the fact that the majority of safety eyewear is procured for the labor workforce to prevent debris and hazardous chemicals from damaging the eyes. Non-prescription eyeglasses are mainly for individuals who can no longer read the fine print.

In addition, non-prescription sunglasses are regulated as medical devices in the U.S. by the Food and Drug Administration’s Center for Devices and Radiological Health. The segment dominated the industry due to the mass manufacture of safety equipment appropriate for all kinds of workplaces. The global industry is characterized by the presence of a few well-established players, such as Kimberly-Clark Corp., MCR Safety, Honeywell International Inc., and 3M Company.

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Safety Eyewear Market Report Highlights

• The non-prescription segment held the largest revenue share due to the fact that the majority of safety eyewear is procured for the labor workforce to prevent debris and hazardous chemicals from damaging the eyes
• In 2021, North America was the largest region. The market is mainly driven by the stringent regulations related to the workers’ safety in various industrial operations
• For instance, safety eyewear in Canada must have the Canadian Standards Association (CSA) mark to indicate that it is compliant with CSA standards
• The industrial manufacturing segment accounted for the largest revenue share in 2021. The growth is attributed to the high product demand in a range of operations, such as processing, assembling, and finishing, which expose workers to dust particles, harmful chemicals, and dangerous light radiations

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Safety Eyewear Market Segmentation

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

Safety Eyewear Product Outlook (Revenue, USD Million, 2017 - 2030)

• Prescription
• Non-prescription

Safety Eyewear Application Outlook (Revenue, USD Million, 2017 - 2030)

• Oil & Gas
• Construction
• Mining
• Industrial Manufacturing
• Military
• Others

Safety Eyewear Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Safety Eyewear Market

• Kimberly-Clark Corp.
• MCR Safety
• Honeywell International, Inc.
• UVEX Winter Holding GmbH & Co., KG
• Medop SA
• 3M Company
• Bolle Safety
• Radians, Inc.
• Pyramex Safety Products LLC
• Gateway Safety, 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.

U.S. Car Care Products Market to Reach $4.25 Billion by 2030: Grand View Research Inc.

 U.S. Car Care Products Market Growth & Trends

The U.S. car care products market is expected to reach USD 4.25 billion by 2030, registering a CAGR of 3.5% from 2022 to 2030, as per a new report by Grand View Research Inc. Rising automotive sales, coupled with growing awareness regarding the appearance and maintenance of the vehicle is expected to drive the car care market growth.

The U.S. is one of the major automotive markets globally and is expected to witness significant demand for polishing and cleaning products for passenger cars. Increasing awareness among consumers regarding the benefits of car care products is expected to drive their consumption over the estimated period.

The market is also expected to expand with the growth of the automotive industry owing to increasing technological advancements. Car care products are crucial products used to maintain the aesthetics of vehicles. They are used to improve gloss & shine and increase the durability of the vehicle.

Luxury cars and sports utility vehicles are the major consumers of appearance products. Car care products such as waxes and polishes are used to offer shine and protection to the vehicle. In addition, protectants and cleaners are used to maintain the appearance of the vehicle. This trend is expected to propel the product demand for car care products during the forecast period.

The COVID-19 pandemic has helped in boosting consumer preference for e-commerce as the preferred distribution channel for car care products owing to restrictions in movement and closing of retail shops. However, with the onset of the pandemic and close down of service centers for automotive, users shifted to D-I-Y (do it yourself) products, which helped in keeping the sales of car care products from dipping to alarming levels.

The major players in the industry face intense competition owing to the presence of a large number of players in the market and lack of product differentiation. These players heavily invest in research & development in an attempt to expand their product portfolios and production capacities, thereby sustaining their market positions.

The players in the market use the cost-advantage approach for their products. Primary activities and support activities determine the cost of the product. To achieve cost advantage, companies consider various factors including inbound logistics, operations, outbound logistics, marketing and sales, and services. The aforementioned factors are the primary activities that include everything from receiving raw materials to the manufacturing and distribution of car care products.

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U.S. Car Care Products Market Report Highlights

• Car cleaning products segment dominated the market and was valued at USD 873.9 million in 2021 and is expected to capture about 30.3% revenue share of the market by 2030. Its widely used for the removal of contaminants and residues from the exterior surface of vehicles.
• Car polish accounted for the revenue share of 10.5% in 2021 on account of maintaining the shine and enhancing the appearance of the vehicle. Polishes are the primary product used in the process of paintwork care and appearance enhancement.
• The 501 - 999 ml packaging volume segment dominated the market in 2021 by accounting for a share of 39.0% of total revenue. This segment is projected to grow at a CAGR of 3.6% in terms of revenue over the forecast period.
• The retail end-use segment accounted for the largest revenue share of 70.4% in 2021 and is projected to ascend at a significant rate over the forecast period. Growing demand for products from individual vehicle owners coupled with the wide availability of car care products in commercial markets are likely to support the segment growth in the projected time.
• Key players in the market, such as 3M Company, Inc.; The Clorox Company; and Valvoline Inc. have formed mergers and acquired the production facilities or divisions of smaller players as a part of their strategies to enhance their scope of operations and provide better services to clients. A large number of key players are concentrated in the U.S.

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U.S. Car Care Products Market Segmentation

Grand View Research has segmented the U.S. car care products market based on product, packaging volume, end-use, and distribution channel:

U.S. Car Care Products Product Outlook (Revenue USD Million, 2017 - 2030)

• Car Cleaning Products
• Car Polish
• Car Wax
• Glass Cleaning Products
• Interior Care Products
• Wheel & Tire Care Products

U.S. Car Care Products Packaging Volume Outlook (Revenue USD Million, 2017 - 2030)

• Less than 250 ml
• 251 - 500 ml
• 501 - 999 ml
• 1000 - 5000 ml
• More than 5000 ml

U.S. Car Care Products End-Use Outlook (Revenue USD Million, 2017 - 2030)

• Retail (B2C)
• Professional (B2B)

U.S. Car Care Products Distribution Channel Outlook (Revenue USD Million, 2017 - 2030)

• E-commerce
• Retail Stores
• Car Detailing Stores

List of Key Players in U.S. Car Care Products Market

• 3M
• Sonax GmbH
• Tetrosyl Ltd.
• Chemical Guys
• Armor All
• Turtle Wax, Inc.
• Autoglym
• Mother’s
• Adam’s Polishes
• Griot’s Garage
• KET Ceiling

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 Air Filtration Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 

Industrial Air Filtration Market Growth & Trends

The global industrial air filtration market size is anticipated to reach USD 11,279.8 million by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.0% from 2023 to 2030. Growing demand for high-performing, energy-efficient products and stringent industrial regulations such as Clean Air Act are expected to propel the demand over the forecast period.

Growing electricity consumption has resulted in the development of new power generation plants, which is expected to be a major factor positively influencing market demand for industrial air filtration equipment. Furthermore, the implementation of stringent government regulations to protect human health by limiting airborne pollutant concentrations will contribute to market growth.

Companies across the globe are turning towards sustainable alternatives such as green manufacturing in order to improve competitive advantage. Moreover, governments globally are collaborating with environmental organizations to develop standards to control harmful emissions, thereby contributing to market expansion.

Industrial air filtration systems improve the safety and health aspects of running a pressurized system, thus increasing supply reliability while lowering the risk of production loss. Furthermore, an efficient industrial air filtration system conserves energy by significantly lowering energy consumption in various industrial applications such as food, pharmaceutical, and agriculture.

Modern air filtration products help filtration plant managers and system designers reduce operating costs and save energy costs while meeting required quality standards. Rapid urbanization, resource scarcity, and growing environmental awareness are anticipated to drive the market over the forecast period.

Companies such as Honeywell International, Inc.; MANN+HUMMEL; and Daikin Industries, Ltd. are undertaking strategic acquisitions, partnerships, and product launches to strengthen their product portfolio. For instance, in March 2021, MANN+HUMMEL announced its strategic investment in Pamlico Air, thus driving value for MANN+HUMMEL’s air filtration business.

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Industrial Air Filtration Market Report Highlights

• HEPA filters led the market and accounted for over 29.5% share in 2022 owing to the presence of air filters with advanced efficiency that removes microscopic organisms that may cause serious harm and inorganic dust suspended in the air
• The power segment is expected to witness steady growth as this industry has to comply with several government regulations including EPA and OSHA standards
• The food & beverage segment accounted for the largest share of over 21.4% in 2022. Legislations pertaining to food safety coupled with codes of practice for high-risk food manufacturing provide avenues for market growth
• Asia Pacific is estimated to register a significant CAGR of 6.8% over the forecast period owing to the high penetration of these products across the metal and plastic industry coupled with increased R&D spending in the Asia Pacific food & beverage industry
• The market is competitive due to the presence of multinationals operating in the industry. It is characterized by the presence of a significant consumer base with the companies operating their business through dedicated distribution networks

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Industrial Air Filtration Market Segmentation

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

Industrial Air Filtration Product Outlook (Revenue, USD Million; 2018 - 2030)

• Dust Collectors
• Mist Collectors
• Fume Collectors
• HEPA Filters
• Cartridge Collectors & Filters
• Baghouse Filters
• Others

Industrial Air Filtration End-Use Outlook (Revenue, USD Million; 2018 - 2030)

• Cement
• Food & Beverage
• Metal
• Power
• Pharmaceutical
• Chemical & Petrochemical
• Paper & Wood Processing
• Agriculture
• Others

Industrial Air Filtration Regional Outlook (Revenue, USD Million; 2018 - 2030)

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

List Of Key Players Of Industrial Air Filtration Market

• Honeywell International, Inc.
• MANN+HUMMEL
• Daikin Industries, Ltd.
• Danaher
• Donaldson Company, Inc.
• SPX Technologies
• Lydall, Inc.
• Alfa Laval
• PARKER HANNIFIN CORP

About Grand View Research

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

Zero Friction Coatings Market to Reflect Robust Expansion During 2022-2030: Grand View Research Inc.

 Zero Friction Coatings Market Growth & Trends

The global zero friction coatings market size is estimated to reach USD 1,346.00 million by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2022 to 2030. Growth can be attributed to the fact that these coatings reduce friction and wear resulting in low fuel consumption and less heat generation. According to the European Automobile Manufacturers' Association, 79.1 million motor vehicles were produced across the globe in 2021 which was up by 1.3% as compared to 2020. Zero friction coatings can extend the time between component maintenance and replacement, especially for machine parts that are expensive to manufacture.

Several applications in the automobile industry use wear-resistant plastic seals that require zero tolerance for failure and lifetime service confidence. Increasing demand for the product from the automotive industry across the globe for various applications including fuel pumps, automatic transmissions, oil pumps, braking systems, and others is expected to drive its demand over the forecast period.

Low friction coatings can be used in extreme environments comprising high pressure, temperatures, and vacuums. These coatings can provide improved service life and performance thereby eliminating the need for wet lubricants in environments that require chemicals, heat, or clean room conditions. The product containing molybdenum disulfide (MoS2) are suitable for reinforced plastics while those free from MoS2 are suitable for non-reinforced plastics.

Zero friction coatings are paint-like products containing submicron-sized particles of solid lubricants dispersed through resin blends and solvents. The product can be applied using conventional painting techniques such as dipping, spraying, or brushing. The thickness of the film has a considerable influence on the anti-corrosion properties, coefficient of friction, and service life of the product. Its thickness should be greater than the surface roughness of the mating surfaces.

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Zero Friction Coatings Market Report Highlights

• In 2021, molybdenum disulfide emerged as the dominant type segment by contributing around 50% of the revenue share. This is attributed to its properties such as low coefficient of friction at high loads, electrical insulation, and wide temperature range
• The automobile & transportation was the dominating end-use segment accounting for a revenue share of more than 35% in 2021 due to the rapid growth of the automotive industry across the globe
• The energy end-use segment is anticipated to grow at a CAGR of 5.7% in terms of revenue by 2030, owing to the excessive wear on the drill stem assembly and the well casing during the drilling operations in the oil and gas sector
• In Asia Pacific, the market is projected to witness the highest CAGR of 5.8% over the predicted years owing to the presence of car manufacturing industries in the countries such as Japan, South Korea, and China

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Zero Friction Coatings Market Segmentation

Grand View Research has segmented the global zero friction coatings market market report on the type, formulation, end-use, and region:

Zero Friction Coatings Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polytetrafluoroethylene
• Molybdenum Disulfide
• Others

Zero Friction Coatings Formulation Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Solvent-based Coatings
• Water-based Coatings
• Powder Coatings

Zero Friction Coatings End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Automobile & Transportation
• Aerospace
• General Engineering
• Food & Healthcare
• Energy
• Others

Zero Friction Coatings Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Thailand
• Central & South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • Turkey
  • South Africa
  • Morocco

List of Key Players of Zero Friction Coatings Market

• Endura Coatings
• DuPont
• VITRACOAT
• Poeton
• Bechem
• ASV Multichemie Private Limited
• GMM Coatings Private Limited
• IKV Tribology Ltd.

About Grand View Research

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

Sports Nutrition Market to Expand At A CAGR Of 7.4% throughout the Forecast Period: Grand View Research Inc.

 

Sports Nutrition Market Growth & Trends

The global sports nutrition market size is expected to reach USD 81.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.4% from 2023 to 2030. The rising adoption of fitness activities and diet food is expected to contribute to the market growth.

The consumption of sports nutrition products by a large population pool is expected to drive the market. Moreover, the increasing number of health clubs and fitness centers is anticipated to positively contribute to the growth. For instance, Brazil had 29,125 fitness and health clubs operational in 2020, while Mexico had 12,817 health clubs. Furthermore, there has been a noticeable increase in the demand for fitness as consumers seek to exercise and reap the benefits of an active lifestyle.

The rising number of individuals suffering from obesity and increased awareness about health-related issues are expected to boost the demand for supplements during the forecast period. For instance, in North America, the incidence of obesity is growing at an alarming rate. According to the CDC, the prevalence of obesity in the U.S. was 41.9% from 2017 to 2020. Further, an increase in awareness about the role of nutritional supplementation in managing health and leading an active life is fueling the market growth. The increasing popularity of herbal and organic products is also a significant factor driving the market.

Increased use of social media platforms for the promotion of nutritional products by manufacturers and the partnerships undertaken by them with fitness influencers, bloggers, and nutrition influencers are expected to boost awareness about the products, thereby positively impacting the growth of the market during the forecast period. For instance, MyProtein hired celebrity nutritionist Arunav Bhattacharyya as a brand influencer to promote its brand in India.

Various initiatives such as the launch of new products and product innovations are being undertaken by manufacturers, which is driving the market. For instance, in February 2021, Clif Bar & Company launched snacking bars to expand its Luna bars product portfolio. These snack bars comprise prebiotics to support digestive health and act as healthy snacking alternatives or meal replacements. Moreover, the adoption of online platforms has increased considerably due to the COVID-19 pandemic. According to a survey conducted by United Nations Conference on Trade and Development and Netcomm Suisse eCommerce Association, online purchase of pharmaceutical and health products has increased by 9.0%. This, in turn, is driving the nutritional supplements market.

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Sports Nutrition Market Report Highlights

• In 2022, by product, the sports supplements segment held the largest share due to the growing awareness about health and fitness among the adults
• In 2022, the post-workout application segment dominated the market owing to the various benefits offered by these products such as increased muscle strength and recovery
• In 2022, the powder formulation segment held the largest share due to the ease of consumption and longer shelf life of products
• In 2022, the adult consumer group segment held the largest share owing to the increased number of adults taking up fitness and exercise activities
• In 2022, the fitness enthusiasts end-user segment dominated the market due to the growing trend of fitness among the consumers
• The brick-and-mortar sales channel segment held the largest share in 2022 due to the customer preference to buy products through these stores
• In 2022, North America held the largest share of over 45.0% due to the availability of advanced healthcare facilities and high healthcare expenditure

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Sports Nutrition Market Segmentation

Grand View Research, Inc. has segmented the global sports nutrition market on the basis of product type, application, formulation, consumer group, end-user, sales channel, and region:

Sports Nutrition Product Type Outlook (Revenue, USD Million, 2016 - 2030)

• Sports Supplements
  • Protein Supplements
    • Animal-based
    • Whey
    • Casein
    • Egg
    • Fish
    • Others
    • Plant-based
    • Soy
    • Spirulina
    • Pumpkin Seed
    • Hemp
    • Rice
    • Pea
    • Others
  • Vitamins
  • Minerals
  • Amino Acids
  • Probiotics
  • Omega -3 Fatty Acids
  • Carbohydrates
  • Detox Supplements
  • Electrolytes
  • Others
• Sports Drinks
  • Isotonic
  • Hypotonic
  • Hypertonic
• Sports Foods
  • Protein Bars
  • Energy Bars
  • Protein Gels
• Meal Replacement Products
• Weight Loss Product

Sports Nutrition Application Outlook (Revenue, USD Million, 2016 - 2030)

• Pre-workout
• Post-workout
• Others

Sports Nutrition Formulation Outlook (Revenue, USD Million, 2016 - 2030)

• Tablets
• Capsules
• Powder
• Softgels
• Liquid
• Gummies

Sports Nutrition Consumer Group Outlook (Revenue, USD Million, 2016 - 2030)

• Children
• Adult
• Geriatric

Sports Nutrition End-user Outlook (Revenue, USD Million, 2016 - 2030)

• Athletes
• Fitness Enthusiasts
• Bodybuilders
• Lifestyle Users

Sports Nutrition Sales Channel Outlook (Revenue, USD Million, 2016 - 2030)

• Brick And Mortar
  • Specialty Stores
  • Small Retail Stores
  • Fitness Institutes
  • Grocery Stores
  • General Discount Stores
  • Discount Clothing Retailers
• E-commerce

Sports Nutrition Regional Outlook (Revenue, USD Million, 2016 - 2030)

• North America
  • US.
  • Canada
  • Mexico
  • Puerto Rico
  • Cuba
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Greece
  • Netherlands
  • Portugal
  • Ireland
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • Malaysia
  • Indonesia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
• Latin America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players in the Sports Nutrition Market

• Iovate Health Sciences
• Abbott
• Quest Nutrition
• PepsiCo
• Cliff Bar
• The Coca-Cola Company
• MusclePharm
• The Bountiful Company
• Post Holdings
• BA Sports Nutrition
• Cardiff Sports Nutrition
• Jacked Factory
• Orgain

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 Foam Market Expected To Trigger A Revenue To USD 57.53 Billion By 2030: Grand View Research, Inc.

 Automotive Foam Market Growth & Trends

The global automotive foam market is anticipated to reach USD 57.53 billion by 2030, registering a CAGR of 8.1% during the forecast period, according to a new report by Grand View Research, Inc.Growing population, rising disposable income, and growth in purchasing power in emerging economies of Asia Pacific is expected to propel the demand for the automobiles during the forecast period, thus impacting the automotive foam market.

Transitioning lifestyles and wide availability of low-end sports models, easy financing for automobiles owing to the EMI concept with attractive interest rates made it simpler and affordable for a medium-income group consumer to purchase a vehicle of their choice. The aforementioned factors played an important role in propelling the growth of the automotive industry both in developed as well as developing regions and the trend is likely to continue until 2030.

Stringent emission regulations related to combustion engine vehicles and plans introduced by the European Union and North American governments to completely shift roadways transportation to electric vehicles can witness a surge in automotive demand, thus fueling the market for automotive foam during the forecast period. The automotive foams market is expected to face raw material supply instability in the coming years owing to the volatility in crude oil prices. However, relationships between manufacturers and suppliers are expected to get stronger in the market thus leading to stronger tie-ups at multiple distribution levels. This is likely to be a critical factor for the companies in order to gain a competitive advantage during the forecast period. 

The research & development initiatives undertaken by the few companies to enhance their product specifications and market reach are expected to further augment demand for automotive foam during the forecast period. For instance, in April 2022, scientists at the Woodbridge research facility developed Trim Visible BIO, CO2 neutral automotive seat foam that provides a reduction in CO2 footprint for seating foam without compromising comfort and material properties.

In October 2021, Huntsman International LLC launched a new range of low-emission MDI-based polyurethane foams namely RUBIFLEX LE and ACOUSTIFLEX LE for automotive interiors. These products address the sustainability goals of automotive manufacturers by offering lighter, cleaner, and more circular PU technologies.

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Automotive Foam Market Report Highlights

• In terms of revenue, the polyurethane (PU) foam type segment is anticipated to reach USD 40.99 billion by 2030, growing at a CAGR of 8.0% from 2022 to 2030
• Seating applications in the interior application segment dominated the market in terms of revenue, with a market share of more than 42.0% in 2021, since these foams are not prone to corrosion and can bear various types of severe conditions
• The release of toxic gases resulting from the burning of fossil fuels is expected to act as a major challenge for petrochemical manufacturers during the forecast period. Petrochemical products derived from crude oil release hazardous gases into the atmosphere which can act as a challenge to the growth of the automotive foam market
• In September 2022, Sekisui Voltek, LLC received Board approval from the parent company, SEKISUI Chemical, LTD, to build a USD 39.0 million plant for polyolefin foams in the South and North American markets. Since Sekisui Voltek, LLC manufactures foams for automotive applications; the capacity expansion initiative can help the company to strengthen its position in the American automotive market
• In November 2021, DuPont acquired Rogers Foam Corporation at USD 5.2 billion. Rogers Corporation is engaged in the manufacturing and sales of engineered materials, advanced foams, high-frequency printed circuit materials, and components for the electronics, automotive, industrial, and aerospace sectors. The acquisition by DuPont will help Rogers Corporation to accelerate its product growth in the electric vehicle markets 

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Automotive Foam Market Segmentation

Grand View Research has segmented the global automotive foam market based on the type, application, end-use, and region.

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

• Polyurethane (PU) Foam
• Polyolefin (PO) Foam
• Others

Automotive Foam Application Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)

• Interior
  • Seating
  • Instrument Panels
  • Headliners
  • Door Panels & Watershields
  • Seals, Gaskets & NVH
  • Others
• Exterior
  • Bumper System
  • Others

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

• Passenger Cars
• Light Commercial Vehicles (LCV)
• Heavy Commercial Vehicles (HCV)

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

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

List of the Key players in global Automotive Foam Market include

• Armacell
• BASF SE
• Woodbridge
• Dow
• DuPont
• Recticel NV
• Borealis AG
• Johnson Controls
• Bridgestone Corporation
• Saint Gobain
• Paul Bauder GmbH & Co. KG
• CT Formpolster GmbH
• Vita (Holdings) Limited
• Manufacturing Co., Ltd
• Huntsman International LLC
• Sekisui Voltek, LLC
• Sondor
• Asahi Kasei Corporation
• Sheela Foam Ltd

About Grand View Research

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

Battery Swapping Charging Infrastructure Market to Reach Around USD 811.5 Million by 2030: Grand View Research Inc.

 Battery Swapping Charging Infrastructure Market Growth & Trends

The global battery swapping charging infrastructure market size is expected to reach USD 811.5 million by 2030, expanding at a CAGR of 20.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Battery swapping charging infrastructure, also known as battery-as-a-services, eliminates the maintenance and service cost required, reduces the upfront cost of an Electric Vehicle(EV) considerably, cuts down CO2 emissions, and minimizes EV battery wastage. Owing to these advantages of the battery-swapping charging infrastructure, the industry is expected to grow significantly over the forecast period.

Through the battery-swapping charging infrastructure, consumers can borrow batteries as a stand-alone component from automobiles. The upgradation and recharging of batteries provided by the market conquer the shortcomings of plug-in EV chargers, including charging time and range anxiety. It provides charged batteries within a few minutes, comparable to traditional gas stations, thereby reducing the charging time. It provides longevity for long journeys by reducing users' range anxiety by providing them instant battery swapping at multiple locations. These factors are contributing to the growth of the market.

The demand for battery-swapping charging infrastructure is closely related to and dependent on the demand for electric vehicles. Governments across the world are engaging in strategic initiatives to promote electric vehicles. For instance, a multi-government policy group called the Electric Vehicles Initiative (EVI) was established to hasten the introduction and adoption of electric vehicles. EVI was established as part of the Clean Energy Ministerial (CEM), a high-level conference for the world's leading economies' energy ministers. Multiple countries, including the U.S., Canada, France, Germany, U.K., Netherlands, India, and Japan, have participated in EVI.

Such government initiatives are driving the adoption of electric vehicles which bodes well for the market. The COVID-19 pandemic had an adverse effect on global car sales. According to a report published by the International Energy Agency, global car sales witnessed an unprecedented drop in sales. However, global electric car sales grew by 40% from 2019 to 2020. The pandemic highlighted the need to adopt more environmentally cautious practices, driving the adoption of EVs. With the increasing demand for EVs, demand for public charging infrastructure also increased, driving the growth of the global market.

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Battery Swapping Charging Infrastructure Market Report Highlights

• The two-wheelers segment is expected to witness significant growth over the forecast period. Battery-swapping charging infrastructure provides a cost-efficient alternative. Traditional battery charging requires high upfront expenditure, while battery-as-a-service reduces the upfront cost
• Moreover, the time-saving capability and lack of park and charge facilities in tier-I and tier-II cities are driving the installation of battery-swapping stops for two-wheelers, driving the segment’s growth
• The subscription segment is expected to register the fastest CAGR over the forecast period. A subscription allows EV users to rent and swap batteries under a subscription pricing model
• The subscription pricing model enables users to pay monthly/quarterly/yearly for their batteries and removes the hassle of payment every time they want to swap their batteries
• The convenience of subscription battery-swapping charging services is expected to drive the segment’s growth over the forecast period.
• Europe is anticipated to register significant growth over the forecast period. Batteries form a strategic part of Europe’s digital and clean transition, and they are a critical enabling technology that plays a crucial role in the automotive sector’s competitiveness
• Key players in Europe are continuously innovating new battery and charging infrastructures, harnessing the growth of the regional market

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Battery Swapping Charging Infrastructure Market Segmentation

Grand View Research has segmented the global battery-swapping charging infrastructure market on the basis of vehicle type, service type, and region:

Battery Swapping Charging Infrastructure Vehicle Type Outlook (Revenue, USD Million, 2017 - 2030)

• Two-Wheeler
• Three-Wheeler
• Passenger Vehicle
• Commercial Vehicle

Battery Swapping Charging Infrastructure Service Type Outlook (Revenue, USD Million, 2017 - 2030)

• Pay-per-use
• Subscription

Battery Swapping Charging Infrastructure Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Battery Swapping Charging Infrastructure Market

• NIO Inc.
• Gogoro Inc.
• Leo Motors Inc.
• Tesla Inc.
• SUN Mobility Pvt. Ltd.
• BYD Co. Ltd.
• BattSwap Inc.
• Kwang Yang Motor Co. Ltd. (KYMCO)
• Panasonic Corp.
• Lithion Power Pvt. Ltd.

About Grand View Research

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

U.S. Biopharmaceutical Third-party Logistics Market Trends, Company Share, Industry Growth And Future Scope: Grand View Research Inc.

 U.S. Biopharmaceutical Third-party Logistics Market Growth & Trends

The U.S. biopharmaceutical third-party logistics market size is expected to reach USD 87.2 billion by 2030, expanding at a CAGR of 7.3% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for novel biologics and the need to manage those is boosting the market growth. Besides, rising demand for temperature-controlled logistic services to transport biologics in various regions and growing distribution networks of biopharmaceutical companies to improve their sales are factors driving the growth.

The COVID-19 pandemic has had a major impact on global logistics to some extent due to diminished air freight capacity and reduced workforce at warehouses and airports. The decisions of local authorities to shut down the logistic infrastructure, enforce movement restrictions, or put in place additional requirements to suppress transmission of the virus have also impacted the logistic services. This has significantly hindered many supply operations.

The future seems lucrative for the biopharmaceutical third-party logistics industry in the U.S. with the retraction of government regulations related to transportation and shelter-in-place mandates. A sudden surge in the demand for cold chain logistics was observed during the pandemic. Growth in the manufacture and distribution of the COVID-19 vaccine is expected throughout 2021. For instance, in March 2021, FedEx Express started shipping COVID-19 vaccines for McKesson Corp. to centers all across the U.S. The company has already shipped millions of COVID-19 vaccines since mid-December 2020.

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U.S. Biopharmaceutical Third-party Logistics Market Highlights

• Non-cold chain logistics held the largest market share of 80.2% owing to the sales of a large number of drugs that do not require any temperature control
• The cold chain logistics segment is projected to witness the fastest CAGR of 10.1% over the forecast period owing to the demand for biologics, such as cellular therapies, vaccines, and test kits
• The increasing demand for the COVID-19 vaccine is a major contributor to the market growth. Furthermore, the rising trend of outsourcing logistics services is also fueling the growth
• Warehousing and storage held the largest market share of 43.4% share due to the growing demand for storage
• Specialty drugs dominated the market with the largest share of 39.2% in 2021 due to substantial growth in specialty pharma

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U.S. Biopharmaceutical Third-party Logistics Market Segmentation

Grand View Research has segmented the U.S. biopharmaceutical third-party logistics market based on supply chain, service, product type, and region:

U.S. Biopharmaceutical Third-party Logistics Supply Chain Outlook (Revenue, USD Billion, 2018 - 2030)

• Cold Chain
• Non-cold Chain

U.S. Biopharmaceutical Third-party Logistics Service Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Transportation
  • Air Freight
  • Sea Freight
  • Overland transportation
• Warehousing and storage
• Others

U.S. Biopharmaceutical Third-party Logistics Product Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Specialty Drugs
• Generics
• Plasma Derived Products
• Others

List of Key Players in the U.S. Biopharmaceutical Third-party Logistics Market

• DHL International GmbH
• SF Express
• United Parcel Service of America, Inc.
• AmerisourceBergen Corporation
• DB Schenker
• KUEHNE + NAGEL
• Kerry Logistics Network Limited
• Agility

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.

Anti-fog Additives Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 Anti-fog Additives Market Growth & Trends

The global anti-fog additives market size is expected to reach USD 3.3 billion by 2030, as per a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.1% from 2022 to 2030. The growth is majorly driven by the growing demand for anti-fog enzymes in vehicle windscreens and windows as it increases visibility. A focus on passenger safety and the development of the automobile sector is estimated to trigger demand growth over the projected period.

Anti-fog additives are commercially available for easy and direct application in various sectors including packaging films and agricultural films. Increasing demand for convenience foods on account of rising consumer awareness toward consuming products with exotic and ethnic tastes is expected to further promote anti-fog additives market growth in the near future. Moreover, the economic feasibility and viability of packaged foods are among the key factors positively impacting the food packaging market. Thus, propelling the market’s growth in the forthcoming years.

The positive outlook in the food & beverage sector in the countries from Asia Pacific including China, India, Thailand, Malaysia, Vietnam, and Bangladesh on account of population growth, changing lifestyles, and increasing disposable income is projected to increase the demand for anti-fog additives. Rising consumption of dairy goods including cheese and yogurt in light of new product launches by cooperatives is expected to upscale the requirements of buttermilk and cream powder over the forecast period.

The global anti-fog additives market is dominated by companies including AkzoNobel, Croda, DuPont, and Emery. Product innovation by key market players to improve the durability and long-term performance of their products over a wide range of temperatures are likely to propel the demand for the product. Various companies including AkzoNobel N.V., Ampacet Corporation, and Croda International PLC are focusing on creating multifunctional products that provide anti-static and dispersion properties along with the anti-fogging function to gain industry share.

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Anti-fog Additives Market Report Highlights

• The polyglycerol esters type segment is expected to witness the fastest CAGR of 7.5% over the forecast period. The growth is attributed to the rising demand for convenience foods on a global level owing to new product launches including frozen meat goods, bakery products, and confectioneries
• Food packaging films application is the fastest growing segment with a CAGR of 7.2% owing to the increased consumption of convenience foods
• Asia Pacific is the fastest growing region with a CAGR of 7.8% on the account of population growth, changing lifestyles, and increasing disposable income
• Rising demand for renewable packaging products on account of increasing awareness towards reducing greenhouse emissions is projected to increase the usage of biodegradable biopolymers. This trend is expected to promote the market for biodegradable packaging and thus likely to fuel the demand for anti-fogging additives as a naturally derived ingredient over the forecast period
• There is a rise in the global standards for farming for the production of safe food, which is likely to drive the demand for agricultural films. The EU Common Agricultural Policy (EU CAP) is likely to trigger self-sustaining improvements in food production to fulfill the rising demand, which is expected to boost the market’s growth

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Anti-fog Additives Market Segmentation

Grand View Research has segmented the global anti-fog additives market based on product, application, and region:

Anti-fog Additives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Glycerol Esters
• Ethoxylated Sorbitan Esters
• Polyglycerol Esters
• Sorbitan Esters
• Polyoxyethylene Esters
• Others

Anti-fog Additives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Agricultural Films
• Food Packaging Films
• Others

Anti-fog Additives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Anti-fog Additives Market

• Clariant AG
• AkzoNobel N.V.
• Ashland Inc.
• Croda International PLC
• Evonik Industries
• PolyOne Corporation
• Schulman, Inc.
• DuPont
• Addcomp Holland
• Emery Oleochemicals
• Palsgaard
• Polyvel Inc.
• Ampacet Corporation
• Sabo S.p.A
• Lifeline Technologies
• Fine Organics

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.