Veterinary X-ray Market Trends Analysis And Forecast Till 2030: Grand View Research Inc.

 Veterinary X-ray Market Growth & Trends

The global veterinary X-ray market size is expected to reach USD 1.06 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a lucrative CAGR of 6.31% from 2023 to 2030. The key factors driving the market growth include a rise in the prevalence of orthopedic diseases in animals, a growing pet population, increased animal health spending, high pet insurance, and a rise in the number of veterinary practitioners.

Similarly, the rising prevalence of chronic disease in pets due to obesity is contributing to market growth. Pet obesity has become an epidemic in the U.S. as per The Association for Pet Obesity Prevention (APOP) 59% of dogs and 61% of cats classified as overweight or having obesity in 2022. Obesity causes chronic conditions such as osteoarthritis that frequently require diagnosis and surgical intervention. According to Banfield Pet Hospital, the most common osteoarthritis conditions affecting dogs and cats in 2017 were arthritis/DJD, tendon or ligament conditions, and hip and pelvis conditions. This results in increased use of X-rays for disease diagnosis.

Veterinary X-ray Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 687.76 million
Revenue forecast in 2030	USD 1,055.60 million
Growth rate	CAGR of 6.31% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

The COVID-19 pandemic caused significant growth in the pet industry by establishing new trends such as increased pet ownership and animal spending. The COVID-19 pandemic has impacted negatively on a variety of industries worldwide. The pandemic had a significant impact on the healthcare industry. The unexpected outbreak of the COVID-19 pandemic induced the implementation of strict lockdown restrictions in several countries, resulting in the shutdown of numerous vet facilities and a negative impact on global demand for veterinary x-ray imaging.

Pet adoption increased significantly during the pandemic, resulting in an expanded animal healthcare system and driving the veterinary x-ray market. Adoptions during the pandemic increased the emphasis on pet health, which is expected to drive the veterinary x-ray market growth over the forecast period.

Furthermore, the growing awareness and the need for advanced X-ray systems to diagnose the increasing bone and joint-related disease burden in animals are driving the growth of the veterinary X-ray market. For example, a study published in April 2020 titled "Risk Factors for Canine Osteoarthritis and Its Predisposing Arthropathies: A Systematic Review" found that osteoarthritis affects nearly 20% of all dogs over the age of one year in the studied population in North America. It was also reported that osteoarthritis in dogs is more common in the UK, with a prevalence ranging from 2.5% to 6.6%. Since osteoarthritis is generally associated with joint pains, the disease's high prevalence generates demand for X-ray diagnosis, driving the market growth during the forecast period.

Moreover, to gain a larger market share, some players are focusing on providing innovative products. These advanced products, which have built-in detector connections, faster and safer low-dose X-ray technology, and are simple to use and install, are gaining popularity over traditional systems. For instance, in February 2021, Fujifilm introduced VXR Veterinary X-Ray Room, a Veterinary Imaging Digital Radiography System. This new X-ray room's advanced design is intended for vets who wish to transfer to high-quality, minimal radiation with a cost-effective, flexible, easy-to-use, and simple-to-install system.

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Veterinary X-ray Market Report Highlights

• The veterinary X-ray market was worth of USD 654.39 million in 2022 and is expected to expand at a CAGR of 6.31% during the forecast period
• On the basis of animal type, the small animals segment accounted for the largest revenue share in 2022. This can be attributed to the increasing adoption of pet animals, the rise in animal expenditure, and high pet insurance
• The equipment segment dominated the market with a market share of around 55% in 2022 owing to rising demand for X-ray equipment in veterinary hospitals. The PACS segment is the fastest-growing segment with a CAGR of 8.30% during the forecast period. This is due to several advantages of PACS in veterinary radiography, such as more efficiently accessing, storing, and sharing images, which creates direct and cascading advantages
• Based on technology, the computed radiography segment held the largest market share of more than 45% in 2022. Computed radiography dominated the marketdue to higher market penetration, ease of installation, and cost-effectiveness, as well as being more rapid than film-based radiography and less expensive than direct radiography. While Direct (Capture) Radiography is anticipated to witness the fastest CAGR due to its advantages such as the potential to centrally store as well as quickly search patient images and also enable images to be shared quickly through the internet
• On the basis of portability, the fixed segment accounted for the largest revenue share in 2022 owing to the wide usage of this equipment by veterinarians. The mobile segment is estimated to register the highest CAGR of over 6% in the coming years owing to the wide usage of such devices by veterinarians
• Based on type, the digital segment held the largest market share in 2022 and is fasted growing segment due to its numerous advantages such as low labor costs, relatively short capture time, and huge profits for key manufacturers
• On the basis of end-use, the veterinary clinics and hospitals segment accounted for the largest revenue share in 2022. The Key factor driving segment growth is the increasing government focus on establishing advanced, well-equipped medical infrastructure for optimal facilities
• North America attributed to the largest share of about 42% of the market by region in 2022 owing to an increase in pet ownership together with rising animal health expenditure and high adoption of pet insurance. While Asia pacific is expected to grow at the fastest CAGR of about 8% due to rising levels of disposable income and growing awareness of animal health

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Veterinary X-ray Market Segmentation

Grand View Research has segmented the global veterinary X-ray market on the basis of animal type, portability, solutions, technology, type, application, end-use, and region:

Veterinary X-ray Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

• Small Animals
• Large Animals

Veterinary X-ray Portability Outlook (Revenue, USD Million, 2018 - 2030)

• Fixed
• Mobile

Veterinary X-ray Solutions Outlook (Revenue, USD Million, 2018 - 2030)

• Equipment
• Accessories/ Consumables
• PACS

Veterinary X-ray Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Direct (Capture) Radiography
• Computed Radiography
• Film-based Radiography

Veterinary X-ray Type Outlook (Revenue, USD Million, 2018 - 2030)

• Digital
• Analog

Veterinary X-ray Application Outlook (Revenue, USD Million, 2018 - 2030)

• Orthopedics and Trauma
• Respiratory
• Gastrointestinal
• Dentistry
• Other Applications

Veterinary X-ray End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Veterinary Clinics & Hospitals
• Other End-use

Veterinary X-ray Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Sweden
  • Poland
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa    
  • South Africa
  • UAE
  • Israel
  • Rest of Middle East & Africa

List of Key Players in the Veterinary X-ray Market

• IDEXX Laboratories, Inc.
• Heska Corporation
• SOUND Technologies, Inc.
• FUJIFILM Holdings Corporation
• Carestream Health
• Mindray Bio-Medical Electronics Co., Ltd.
• Midmark Corporation
• Canon Medical Systems Corporation
• Agfa-Gevaert Group
• SEDECAL

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.

Retinal Disorder Treatment Market Trends, Demand, Production, Analysis and Forecast to 2030: Grand View Research Inc.

 Retinal Disorder Treatment Market Growth & Trends

The global retinal disorder treatment market size is expected to reach USD 25.69 billion, expanding at a CAGR of 9.3% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growth in the market is fueled by the increasing prevalence of retinal disorders around the world and the unmet need for affordable and efficient treatments. Furthermore, improved funding by regulatory bodies for R&D associated with ocular disorders is expected to further drive market growth.

Retinal diseases are one of the leading causes of visual impairment among the global population. According to WHO, in 2022, a near or distant vision impairment affects at least 2.2 billion people worldwide. Nearly half of these cases, or around 1 billion, involved vision impairments that either could have been avoided or are still unaddressed. Factors such as changing lifestyles, increased life expectancy, and escalating prevalence of systemic diseases like hypertension and diabetes mellitus are the most common causes of retinal disorders. This demonstrates an unmet need among retinal disorder patients for treatment of the condition.

Retinal Disorder Treatment Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 13.69 billion
Revenue forecast in 2030	USD 25.69 billion
Growth rate	CAGR of 9.3% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

The rising geriatric population is acting as a driver for the market; age-related macular degeneration (AMD) is one of the leading causes of vision loss in people aged over 65 years. AMD is characterized by the degeneration of an area of the retina known as the macula, which is responsible for central vision. The growing elderly population is expected to create a wider patient pool for the treatment of AMD. For instance, according to a WHO report in 2021, by 2030, 1 in every 6 people in the world will be aged 60 years or over. Furthermore, over this period of time, the population aged over 60 years is expected to increase from 1 billion in 2020 to 1.4 billion.

The high cost associated with retinal disorder treatment poses a threat to the growth of the market. However, increasing efforts from key players operating in the market for developing new products for the enhancement of their product pipeline is expected to drive the market. For instance, in January 2022, Genentech’s Vabysmo was approved by the FDA, the first-in-class bispecific antibody for the treatment of wet age-related macular degeneration and diabetic macular edema. The launch of novel products is expected to propel market growth.

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Retinal Disorder Treatment Market Report Highlights

• By type, the macular degeneration segment held the largest market share in 2022, which is attributable to its high prevalence, rising awareness about the disease, and promising pipeline products
• Eye drops dosage form segment is projected to grow at the fastest rate over the forecast period due to its high adoption and ease of use
• Hospital pharmacies held a dominant share of the distribution channel segment in 2022 due to the ease of access and availability of patient records
• North America dominated the global market in 2022 and is expected to grow considerably in the future, owing to the rising prevalence of retinal disorders and the increasing consumer awareness about retinal disorders
• A few of the key players include Regeneron Pharmaceuticals Inc., Shire (Takeda Pharmaceutical Company Limited), Graybug Vision, Inc., Bayer AG, Santen Pharmaceutical Co., Ltd., and Genentech, Inc.

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Retinal Disorder Treatment Market Segmentation

Grand View Research has segmented the global retinal disorder treatment market based on type, dosage form, distribution channel, and region:

Retinal Disorder Treatment Type Outlook (Revenue, USD Million, 2018 - 2030)

• Macular Degeneration
  • Dry Macular Degeneration
  • Wet Macular Degeneration
• Diabetic Retinopathy
• Others

Retinal Disorder Treatment Dosage Form Outlook (Revenue, USD Million, 2018 - 2030)

• Gels
• Eye Solutions
• Capsules & Tablets
• Eye Drops
• Ointments

Retinal Disorder Treatment Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Hospital Pharmacy
• Online Pharmacy
• Retail Pharmacy

Retinal Disorder Treatment Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Retinal Disorder Treatment Market

• Santen Pharmaceutical Co., Ltd.
• Regeneron Pharmaceuticals Inc.
• Graybug Vision, Inc.
• Shire (Takeda Pharmaceutical Company Limited)
• Bayer AG
• Allergan plc. (AbbVie Inc.)
• Genentech, Inc. (F. Hoffmann-La Roche Ltd.)
• Acucela Inc.
• Pfizer, Inc.
• Kubota Pharmaceutical Holdings Co., Ltd.,

About Grand View Research

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

Enterprise Architecture Tools Market Overview, Analysis And Forecast To 2028: Grand View Research Inc.

 Enterprise Architecture Tools Market Growth & Trends

The global enterprise architecture tools market size is estimated to reach USD 1.41 billion by 2028, expanding at a CAGR of 4.9% from 2021 to 2028, according to a new study by Grand View Research, Inc. Increasing importance of affiliate enterprise IT solutions and business-driven architecture methods are expected to boost the market growth. The business is being supported by the enterprise architecture tools, which add large data capabilities and save time meanwhile reducing the process time. These factors are anticipated to increase the use of enterprise architecture tools by businesses, subsequently driving the market growth globally.

Enterprise architecture tools offer an added advantage of aiding strategic decision-making and integrating data across industries. The growing demand for all-in-one platforms, implementation of effective business strategies, understanding of strategic architecture, and assessment of possibilities and business risks are expected to boost the demand for enterprise architecture tools. Moreover, enterprise architecture tools also help and support data integration and facilitate better IT and strategic decisions, thereby, driving the market growth globally.

Enterprise Architecture Tools Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 1.01 billion
Revenue forecast in 2028	USD 1.41 billion
Growth rate	CAGR of 4.9% from 2021 to 2028
Base year for estimation	2020
Historical data	2018 - 2019
Forecast period	2021 - 2028

Some challenges in the market growth include data theft, security of data, low availability of skilled labor, and higher costs of tools, which are projected to hamper the market growth. In recent years, data thefts have increased, and the average cost of a data breach was estimated to be around USD 3.92 million in 2019. Thus, companies are expected to deploy a variety of software to reduce data thefts and increase security. Furthermore, with technological advancements and vendors investing in enterprise tools, companies are anticipated to mitigate flaws in architecture tools integration. This is expected to increase the market growth despite the challenges.

To be competitive, market participants use differentiation techniques and focus on introducing new products. For instance, in September 2020, Mega International introduced HOPEX V4, which included HOPEX 360 (a new enterprise portal), Risk Management, IT Business Management, and Information Architecture. Moreover, collaborations, partnerships, mergers, and acquisitions are also expected to help companies in gaining market shares and increasing investments in the market for enterprise architecture tools. For instance, in August 2020, both Software AG and du from Emirates Integrated Telecommunications Company (EITC) collaborated to provide a subscription-based licensing model for IoT services to their corporate clients. The companies were able to address difficult IoT incorporation for enterprises in the UAE through this partnership.

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Enterprise Architecture Tools Market Report Highlights

• The security architecture segment is expected to witness significant growth over the forecast period. The increasing number of data threats is expected to lead to the deployment of a greater number of security architectures as they include tools, technologies, and processes that are used to protect a business from external threats
• The cloud segment is anticipated to expand at the highest CAGR from 2021 to 2028. The popularity of cloud technology among cost-sensitive customers and small and medium enterprises is anticipated to boost the adoption of cloud enterprise architecture tools
• The small and medium enterprise segment is expected to register the highest CAGR from 2021 to 2028. Factors such as the growing number of providers and the demand for business-driven tools and solutions have boosted the adoption across SMEs
• The healthcare segment is anticipated to emerge as the fastest-growing end-use segment over the forecast period. Maximization of ICT advantages, integration of resources, integration of data, and reduction of unnecessary cost are the key factors driving the healthcare segment growth
• Asia Pacific is anticipated to emerge as the fastest-growing regional market over the forecast period. China, Japan, and India are the key countries characterized by the maximum deployment of architecture tools in organizations. The growing adoption of enterprise architecture tools among businesses to implement effective corporate strategies in various enterprise tasks and practices is expected to boost market growth in the Asia Pacific region

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Enterprise Architecture Tools Market Segmentation

Grand View Research has segmented the global enterprise architecture tools market based on solution, deployment, enterprise size, end use, and region:

Enterprise Architecture Tools Solution Outlook (Revenue, USD Million, 2018 - 2028)

• Application Architecture
• Data Architecture
• Security Architecture
• Infrastructure Architecture
• Others

Enterprise Architecture Tools Deployment Outlook (Revenue, USD Million, 2018 - 2028)

• On-premise
• Cloud

Enterprise Architecture Tools Enterprise Size Outlook (Revenue, USD Million, 2018 - 2028)

• Small & Medium Enterprises (SMEs)
• Large Enterprises

Enterprise Architecture Tools End-use Outlook (Revenue, USD Million, 2018 - 2028)

• BFSI
• Consumer Goods & Retail
• IT & Telecom
• Manufacturing
• Healthcare
• Others

Enterprise Architecture Tools Regional Outlook (Revenue, USD Million, 2018 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• MEA

List of Key Players in the Enterprise Architecture Tools Market

• Software AG
• Avolution
• BiZZdesign
• MEGA International
• BOC Group
• Orbus Software
• QualiWare
• LeanIX
• erwin
• ValueBlue

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.

Glutamic Acid Market Size Projected to Rise Lucratively during 2021 to 2028: Grand View Research Inc.

 Glutamic Acid Market Growth & Trends 

The global glutamic acid market size is expected to reach USD 17.16 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.6% from 2021 to 2028. Glutamic acid is widely used in dietary supplements owing to its ability to build protein building blocks and help to detoxify the body. The market is projected to witness significant growth over the forecast period owing to the increasing global demand for animal feed, coupled with the surging use of food additives and food enhancers in the industry.

The prices of glutamic acid vary as per grade. Strong demand for the product in the animal feed and food and beverage industries has increased the price of glutamic acid. Moreover, disturbance caused by the COVID-19 pandemic in the raw material supply chain is another factor behind the increasing prices of glutamic acid. In the year 2019, Evonik Industries AG has increased the prices of its glutamic acid products at the global level by 15% due to the escalating cost of required raw materials.

Glutamic Acid Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 10.17 billion
Revenue forecast in 2028	USD 17.16 billion
Growth Rate	CAGR of 7.6% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

Manufacturers compete based on distribution channels and strive to expand their market reach to increase their market share and bolster the annual revenue. The companies also compete on the basis of profit margins due to their high dependence on the distribution network for sales, thus leading to high entry barriers for the market. Glutamic acid manufacturers focus on improving their products and enhancing their manufacturing capabilities to distinguish their products from the products of other manufacturers in the industry and enhance their market share.

In 2020, Asia Pacific accounted for the largest revenue share of over 50.0%. The market growth is credited to the increasing purchasing power of the consumers, the growing adoption of a healthy lifestyle, and the expansion of the end-use industries, such as animal feed, pharmaceutical, cosmetics and personal care, and food and beverage. The demand for animal feed in countries such as India and China is projected to grow due to the presence of an abundant livestock population.

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Glutamic Acid Market Report Highlights

• In 2020, the food and beverages application segment held the largest revenue share of over 80.0%. The globally increasing popularity of convenience products and ready-to-drink beverages is expected to drive the demand for glutamic acid in the food and beverages application
• The pharmaceuticals segment was the second-largest application segment in 2020 and is projected to expand at the highest revenue-based CAGR of 8.0% from 2021 to 2028 owing to the application of glutamic acid in treating various diseases, such as epilepsy, muscular dystrophy, neurotransmission imbalances, and cognitive and behavioral problems
• Asia Pacific is anticipated to expand at the highest revenue-based CAGR over the forecast period. China has been the world’s largest consumer market for food and beverages over the past few years, making it highly appealing for foreign brands and players in the food and beverage industry
• North America emerged as the second-largest regional segment in 2020. The growing aging population and rising cases of non-communicable diseases, such as cancer, cardiovascular diseases, and chronic respiratory diseases, are fueling the demand for pharmaceutical products, including dietary supplements, in the region

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Glutamic Acid Market Segmentation

Grand View Research has segmented the glutamic acid market report on the basis of application and region:

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

• Food & Beverages
• Pharmaceuticals
• Animal Feed
• Others

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

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

List of Key Players of Glutamic Acid Market

• Ajinomoto Co., Inc.
• Akzo Nobel N.V.
• Evonik Industries AG
• Sichuan Tongsheng Amino acid Co., Ltd.
• KYOWA HAKKO BIO CO., LTD.
• Ottokemi
• Hefei TNJ Chemical Industry Co., Ltd.
• Suzhou Yuanfang Chemical Co., Ltd.
• Global Bio-chem Technology Group Company Limited
• Ningxia Yipin Biological Technology Co., Ltd.

About Grand View Research

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

Neodymium Market to Reach $7.30 Billion by 2028: Grand View Research Inc.

 Neodymium Market Growth & Trends

The global neodymium market size is expected to reach USD 7.30 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 15.0% from 2022 to 2030. The market is anticipated to be driven by rising demand for neodymium magnets from wind energy and electric vehicle industries.

China is the largest producer of both rare earth and permanent magnets in the world. The country accounts for over 70% of the global permanent magnet production and 60% of the global rare earth production according to the global mining data published by the USGS. The significant factor that has led to China’s dominance, especially in rare earth permanent magnet production, is the abundance of rare earth deposits in China.

Neodymium Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 4.98 billion
Revenue forecast in 2030	USD 7.30 billion
Growth Rate	CAGR of 15.0% from 2022 to 2030
Market size volume in 2022	35.4 kilotons
Volume forecast in 2030	64.6 kilotons
Growth Rate	CAGR of 7.7% from 2022 to 2030

In terms of value, magnets are anticipated to register the fastest CAGR during the forecast period. Their growing demand from electronics, wind energy, and automotive end-uses is propelling segment growth. The primary consumers of neodymium magnets include electric motor manufacturers, EV manufacturers, electronic component (sensors, microphones, earphones, HDD) manufacturers, and other magnetic assembly manufacturers. Thus, growing demand from end-use industries such as automotive and electronics is propelling segment growth.

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Wind energy is projected to provide opportunities for the market and the segment is anticipated to register a revenue-based CAGR of 15.3% during the forecast period. Its growth is attributed to the increasing shift towards renewable energy and sustainable energy practices. Wind turbine demand is expected to positively impact market growth. As per the Global Wind Energy Council, 2021 witnessed around 93 GW of installed capacity addition, an increase of 53% from 2020.

In terms of volume, North America is a significantly smaller market as compared to Asia Pacific. The lesser availability of rare earth oxides in the region makes the region import-reliant on China. The catalyst producers are the prominent consumers of neodymium in North America, which cater to the tire and oil and gas industries. The commercial uses of neodymium catalysts are limited owing to their expensive nature. They are used in refinery petroleum cracking, polymerization, and photovoltaic wastewater treatment.

Neodymium Market Report Highlights

• Based on application, magnets held the largest revenue share of over 55.0% in 2021. The growing usage of permanent magnets is propelling the market growth
• Based on end-use, the electrical and electronics segment is anticipated to register a CAGR of 14.9%, in terms of revenue, across the forecast period. The widespread application scope of neodymium in fiber optic technology, speakers, and other electronic components is boosting segment growth
• Europe held the second-largest revenue share in 2021. The rising demand for magnets in end-use industries including automotive and wind energy is anticipated to augment the market growth over the forecast period
• The favorable policies and governments’ initiatives toward economic recovery after the pandemic are anticipated to augment the demand for neodymium over the coming years. For instance, investments by the Chinese automotive manufacturer, BYD Auto Industry Co., Ltd., and Japanese automotive player, Toyota, to set up a manufacturing facility in Central and South America are expected to boost automotive production, thereby propelling the need for neodymium magnets

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Neodymium Market Segmentation

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

Neodymium Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Magnets
• Catalysts
• Ceramics & Glass
• Others

Neodymium End-use Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Automotive
• Electrical & Electronics
• Wind Energy
• Others

Neodymium Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

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

List of Key Players of the Neodymium Market

• ARAFURA RESOURCES
• China Rare Earth Holdings Limited
• Lynas Rare Earths Ltd.
• METALL RARE EARTH LIMITED
• MP MATERIALS
• Peak Rare Earths
• Rainbow Rare Earths Limited
• Texas Mineral Resources Corp.
• HEFA Rare Earth
• Greenland Minerals 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.

Ethyl Acetate Market to Observe Strong Development by 2028: Grand View Research Inc.

 Ethyl Acetate Market Growth & Trends

The global ethyl acetate market size is expected to reach USD 8.3 billion by 2028, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.8% from 2021 to 2028. The market growth can be attributed to a significant increase in the production of sustainable packaging products such as flexible packaging owing to rising environmental concerns, which is anticipated to propel the demand for solvent-based printing inks in the packaging industry over the forecast period.

Ethyl acetate solvents are witnessing an increase in demand across the world owing to their growing application scope in various key end-use industries such as fragrances, food, and beverages, automotive, Pharmaceuticals, and packaging. Further, it is used in coating formulations such as acrylics, urethanes, and epoxies. These coatings are applied on fixtures, wood furniture, and mining equipment. They are also used in construction, agriculture, marine, and auto refinishing applications. The consumption of the product in coatings and paints is expected to surge in the coming years owing to the flourishing construction industry.

Ethyl Acetate Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 4.62 billion
Revenue forecast in 2028	USD 8.3 billion
Growth Rate	CAGR of 8.8 % from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

It is majorly used as a flavor enhancer in different food and beverage products such as coffee, tea, and confectionery items. It has a sweet smell which is also used to add fruity flavors to gum, baked goods, candy, and others. In the pharmaceutical industry, solvent extraction finds many applications owing to its suitability for processing heat-sensitive products and inherent flexibility. As a result, considering environmental impact and human safety, the product is anticipated to witness high consumption for solvent extraction in the pharmaceutical industry.

The recent outbreak of COVID-19 has led to disruptions in the overall value chain of ethyl acetate worldwide. In 2020, the impact of COVID-19 on the ethanol industry was sharp and swift. Falling consumption and negative operating margins led to dramatic cut downs in ethanol production. This, in turn, affected the global demand of the industry in the year 2020. However, a complete recovery of the market is expected by the first quarter of 2022 with the stabilization of global economies of industrial sectors worldwide.

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Ethyl Acetate Market Report Highlights

• The market is expected to witness significant growth over the forecast period due to rising product demand in food and beverage and pharmaceutical applications
• The food and beverage segment emerged as the largest end-use segment in 2020 and is estimated to generate revenue over USD 2.0 billion by 2028
• In Asia Pacific (APAC), the market is projected to witness the fastest growth over the estimated period due to rapid economic progress, industrialization, and growth of major end-use sectors across countries, such as India, China, and Japan
• Rapid development of food and beverages and automotive manufacturing industries in APAC is also fueling the demand for the product in the regional market

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

Ethyl Acetate Market Segmentation

Grand View Research has segmented the global ethyl acetate market on the basis of end-use, and region:

Ethyl Acetate End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Food & Beverage
• Pharmaceutical
• Automotive
• Artificial Leather
• Packaging
• Others

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

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

List of Key Players of Ethyl Acetate Market

• INEOS
• Solvay
• Eastman Chemical Company
• Sipchem
• Sasol Limited
• Daicel 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.

Synthetic Paper Market Forecasted to Grow at Steady Pace During 2023-2030: Grand View Research Inc.

 Synthetic Paper Market Growth & Trends

The global synthetic paper market size is expected to reach USD 1.66 billion by 2030, as per a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 5.6% from 2023 to 2030. Increasing awareness about climate change and the growing shift towards eco-friendly and recyclable packaging materials are expected to drive market growth.

The major drivers of the market growth are the global increasing demand for paper and the efforts made to decrease the dependency on plant-based paper. Its sustainable production and recyclable nature are expected to notably drive the demand for synthetic paper materials in the coming years.

Synthetic Paper Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 1.13 billion
Revenue forecast in 2030	USD 1.66 billion
Growth rate	CAGR of 5.6% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

The Covid-19 pandemic had disrupted the global supply chain thus severely impacting the end-use industries for the product in 2020. However, the post-pandemic era has brought in bright prospects due to a boost in the economies, which are expected to accelerate the market.

The synthetic resin, which acts as raw material for synthetic paper happens to be crude oil’s refined product. With fluctuating prices of crude oil, the demand for synthetic paper is bound to be hampered directly. Also, looking at the current geopolitical scenario, the crude oil prices seem to remain high for quite a long period, ultimately affecting the market.

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Synthetic Paper Market Report Highlights

• The BOPP product segment led the market and accounted for 57.4% of the global revenue in 2022 and is expected to witness a CAGR of 5.6% from 2023 to 2030. The major driving factor to the market growth is the growing penetration of the product in labels and printing applications
• The packaging industry in the non-labels application segment led the market and accounted for 50.8% of the global revenue in 2022. Synthetic papers are used for packaging because of their high durability and tensile strength to hold heavy items
• Healthcare sector is one of the most rapidly growing sectors globally and is expected to bolster the demand for medical tags owing to its reliable performance in conditions like tampering and extreme cryogenic temperature
• Asia Pacific is expected to grow fast at a CAGR of 6.4% over the forecast period. The region accounted for a revenue share of 36.2% in 2022. The demand in the Asia Pacific is led by the rapid growth of the pharmaceutical, printing, and packaging industries in developing economies
• Key industry participants are investing heavily in research and development activities for the cost reduction of synthetic paper, which would provide them a competitive edge in the market
• With the rise in product demand, many companies, for example, Cosmo, Fresco, Profol, Arjobex, and BF Plastic, have emerged to establish their position in the market. The companies are well established in the market and produce a wide range of products

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

Synthetic Paper Market Segmentation

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

Synthetic Paper Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• BOPP
• HDPE
• PET
• Others

Synthetic Paper Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• Label
  • Hand Tags
  • Medical Tags
  • Others
• Non-Label
  • Packaging
  • Documents
  • Others

Synthetic Paper Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Synthetic Paper Market

• Formosa Plastics Group
• SIHL Group
• B&F Plastics, Inc.
• Jindal Poly Films Ltd.
• Cosmo Films Ltd.
• Granwell Products, Inc.
• Transcendia, Inc.
• Valéron Strength Films
• Toyobo Co., Ltd.s
• TechNova

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 Starch Market is Estimated To Attain USD 167.50 Billion by 2028

 Industrial Starch Market Growth & Trends

The global industrial starch market size is expected to reach USD 167.50 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.0% from 2020 to 2028. The increasing consumption of convenience food products, coupled with the growth of the pharmaceutical and paper industry, is anticipated to augment the demand for industrial starches.

The packaged food industry is witnessing rapid growth on account of the changing eating habits of consumers. Factors such as long working hours, increasing young working population, and convenient access to packed food with a rising number of large retail marts have contributed to the changing lifestyles of consumers. This trend has been boosting the growth of the food processing industry, thereby positively impacting the market growth.

Industrial Starch Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 102.46 billion
Revenue forecast in 2028	USD 167.50 billion
Growth Rate	CAGR of 7.0% from 2020 to 2028 (Revenue-based)
Market demand in 2021	69,115,408 metric tonnes
Volume forecast in 2028	108,674,356 metric tonnes

Governmental initiatives aimed at supporting the international trades and local production output of food and beverage products are further expected to support the industry growth. For instance, the government of Saudi Arabia introduced two initiatives worth USD 692.10 million each, post-COVID-19, for facilitating food imports and supporting the local farmers. European Commission passed a regulation (EC) No. 1333/2008, intended for the fortification of additives in the domestic food and beverage industry.

Players have been focusing on the development of starches providing enhanced texture and mouthfeel. Rising consumer preference for healthy, low fat, and low sugar products has impelled players to develop innovative product ranges with additional functionalities. For instance, in March 2021, Ingredion launched ULTRA-TEX 1311 modified potato starch. This starch can be used as an alternative to oil providing better sensory properties, and thereby suitable to be used in low-fat, reduced-fat, keto-friendly, and plant-based food applications.

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Industrial Starch Market Report Highlights

• In terms of source, wheat-based industrial starch is projected to expand at the highest revenue-based CAGR of 7.6% over the forecast period. Wheat starch finds a wide range of applications in the food and beverage, paper, paperboard, and textile industries. It is also used in cotton finishing and laundry sizing as it offers a stiffer finish at a lower temperature compared to corn starch
• By product, the native starch and starch derivatives and sweeteners segment held the largest revenue share of over 60.0% in 2020 and is expected to register the highest revenue-based CAGR over the forecast period. Starch-based sweeteners include maltose syrup, glucose, maltodextrin, liquid sorbitol, and dextrose monohydrate. The growing demand for sweeteners from the food and pharmaceutical market to mask the off-flavors and enhance the taste is expected to drive the industry
• Europe held the second-largest revenue share in 2020 and is expected to register a strong CAGR over the forecast period, which can be attributed to the growing applications of starch in the non-food industries. As per Starch Europe, about 41% of starch in Europe was consumed by non-food applications, whereas paper making was the key application area as of 2020
• Corn and wheat are the major sources of starch, however, players have been focusing on utilizing varied starch sources to offer well-differentiated products. For instance, in February 2021, Tate & Lyle PLC acquired an 85% stake in Chaodee Modified Starch Co., Ltd., engaged in tapioca starch manufacturing in Thailand. This is expected to expand the company’s portfolio in tapioca-based solutions
• Companies in the market have been focusing on expanding geographic reach and widening product portfolios to strengthen market presence. For instance, in December 2019, ADM announced the expansion of its starch portfolio for the Canadian market with a partnership with MCD N.V., a global distributor of specialty chemicals and food ingredients. The available products will be tapioca starch and corn starch, along with several other ADM solutions

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

Industrial Starch Market Segmentation

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

Industrial Starch Source Outlook (Volume, Metric Tonnes; Revenue, USD Million, 2017 - 2028)

• Corn
• Wheat
• Cassava
• Potato
• Others

Industrial Starch Product Outlook (Volume, Metric Tonnes; Revenue, USD Million, 2017 - 2028)

• Native Starch and Starch Derivatives & Sweeteners
• Cationic Starch
• Ethylated Starch
• Oxidized Starch
• Acid Modified Starch
• Unmodified Starch

Industrial Starch Application Outlook (Volume, Metric Tonnes; Revenue, USD Million, 2017 - 2028)

• Food & Beverage
  • Bakery & Confectionery
  • Dairy & Frozen Desserts
  • Beverages
  • Convenience Foods
  • Others
• Feed
• Pharmaceuticals
• Others

Industrial Starch Regional Outlook (Volume, Metric Tonnes; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Industrial Starch Market

• Cargill, Incorporated
• Archer Daniels Midland Company
• Ingredion Incorporated
• Tate & Lyle PLC
• AGRANA Beteiligungs-AG
• Grain Processing Corporation
• Roquette Frères
• Tereos Group
• Royal Cosun
• Altia Industrial
• Global Bio-chem Technology Group Company Limited
• General Starch Limited
• Eiamheng
• Coöperatie Koninklijke Avebe U.A.
• Galam 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.

Epoxy Adhesives Market is Estimated To Reach A Valuation of USD 10.5 Billion by 2028: Grand View Research Inc.

 Epoxy Adhesives Market Growth & Trends

The global epoxy adhesives market size is expected to reach USD 10.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2021 to 2028. Increasing investments in electric vehicles (EVs) and solar and wind energy industries are the prominent factors attributed to the market growth during the projected period.

The industry is projected to experience significant growth owing to the growing emphasis on the incorporation of lightweight materials in the automotive and transportation industry. The usage of adhesives offers a reduction in the weight of the final product, which has become a crucial factor in the aerospace and automotive industries in recent years. Moreover, epoxy adhesives are used in various other industries as well, such as medical, sports tools, defense, and power and energy.

Epoxy Adhesives Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 7.2 billion
Revenue forecast in 2028	USD 10.5 billion
Growth Rate	CAGR of 5.6% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

A growing focus on sustainable solutions and increasing usage of mass timber in the construction industry is expected to bolster the consumption of adhesives, which is further anticipated to offer lucrative growth opportunities for the market. Furthermore, a surge in DIY home improvement activities has been witnessed during the COVID period, as people were spending more time at home. Thus, wide-scope applications in various industries make the market more lucrative.

The COVID-19 pandemic has impacted various commercial and industrial sectors, which led to a halt in new investments resulting in a downfall in global revenue. Moreover, with the continuing second and third waves of the virus, restrictions were seen in Q1 2021 as well. During the pandemic, the prices of raw materials have increased owing to a rise in logistic costs, unavailability of raw materials, and unfavorable weather conditions. It also adversely impacted the end-use industries which remained shut down during the pandemic. 

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Epoxy Adhesives Market Report Highlights

• By technology, the two component segment dominated the market and was estimated at USD 2.9 billion in 2020. The two component epoxies have excellent shear strength owing to different curing characteristics and provide an additional advantage of getting cured at room temperature, which aids to its consumption
• By application, the automotive and transportation segment dominated the market with a revenue share of over 42.0% in 2020. Growth in the EV industry and increasing consumption of adhesives over mechanical fasteners in vehicles is anticipated to boost the market growth
• The power and energy segment is anticipated to register the highest CAGR of 7.1%, in terms of revenue, during the forecast period. Adhesives are used to protect and bond sensitive mechanical and electrical components such as solar panels, charge controllers, and wind turbine blades in the energy industry
• Asia Pacific dominated the market and held the largest revenue share of over 45.0% in 2020. Increasing investments in the energy and automotive industries of the region are anticipated to further propel market growth across the forecast period

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

Epoxy Adhesives Market Segmentation

Grand View Research has segmented the global epoxy adhesives market on the basis of technology, application, and region:

Epoxy Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• One Component
• Two Component
• Others

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

• Automotive & Transportation
• Building & Construction
• Power & Energy
• Electrical & Electronics
• Others

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

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

List of Key Players of Epoxy Adhesives Market

• 3M
• Ashland Global Holdings, Inc.
• Bostik
• Dow
• B. Fuller Company
• Henkel AG & Co. KGaA
• Mapei S.P.A
• Parker Hannifin Corp
• Permabond LLC
• Sika AG

About Grand View Research

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