Friday, 20 October 2023

U.S. Anhydrous Hydrogen Fluoride Market to Observe Strong Development by 2030: Grand View Research Inc.

 U.S. Anhydrous Hydrogen Fluoride Market Growth & Trends

The U.S. anhydrous hydrogen fluoride market size is expected to reach USD 958.37 million by 2030, as per the new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.9% from 2022 to 2030. The growth is majorly driven by increasing demand for fluorogases and fluorochemicals owing to the growing trade of consumer goods such as electronics like a refrigerator where the fluorogases are used as refrigerant gases which is expected to shape the future outlook of the product market.

The demand from industrial applications is expected to be the major contributor driven by positive steady growth in disposable incomes as fluorogases and fluorochemicals are used in a majority of consumer goods. Growth in the fluorogases is expected to remain high as these gases are used in a wide range of industrial applications including commercial refrigeration, air-conditioning systems, and industrial refrigeration.

Anhydrous hydrogen fluoride is witnessing a surged demand from the chemicals industry in the U.S. as it is a primary building block in the production of several fluorine-containing chemicals. Anhydrous hydrogen fluoride is used for manufacturing fluorochemicals, fluoropolymers, surfactants, etc. These chemicals produced are widely used in automobiles and household utensils, among other applications.

The growth of the anhydrous hydrogen fluoride market in the U.S. is supported by a significant rise in fluorochemical production in the country owing to the easy and adequate availability of raw materials such as fluorite. Thus, manufacturers of anhydrous hydrogen fluoride are shifting and expanding their production units to the U.S.

The surging demand for electronic goods such as refrigerators and air conditioners from the U.S. is fueling the growth of the anhydrous hydrogen fluoride market in the country. The key players operating in the market are involved in extensive research and development activities for offering highly efficient products to maintain their position in the market.

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U.S. Anhydrous Hydrogen Fluoride Market Report Highlights

  • Fluorogases application witnessed the highest CAGR of 5.0% over the forecast period, owing to its ability owing to their usage in a wide range of applications in end-use industries like electronics and consumer goods
  • These gases are used in a wide range of industrial applications such as commercial refrigeration, industrial refrigeration, air-conditioning systems, heat pump equipment, blowing agents for foams, aerosol propellants, and solvents
  • Southwest U.S. is expected to witness the highest CAGR of 5.3% over the forecast period, on the account of the large presence of manufacturers & end-users in the region and the flourishing chemical industry in the region
  • In Southwest, Texas accounts for the largest production of anhydrous hydrogen fluoride owing to the presence of a well-established chemicals industry and the enhanced production capacities of leading players such as Solvay S.A. in the region

Access Press Release@ https://www.grandviewresearch.com/press-release/us-anhydrous-hydrogen-fluoride-market-analysis

U.S. Anhydrous Hydrogen Fluoride Market Segmentation

Grand View Research has segmented the U.S. anhydrous hydrogen fluoride market based on application and region:

U.S. Anhydrous Hydrogen Fluoride Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Fluoropolymers
  • Fluorogases
  • Pesticides
  • Others

U.S. Anhydrous Hydrogen Fluoride Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Northeast
  • Southwest
  • West
  • Southeast
  • Midwest

List of Key Players of U.S Anhydrous Hydrogen Fluoride Market

  • Honeywell
  • Solvay
  • Linde plc
  • Arkema
  • Laxness

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.

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

 Aerospace Plastics Market Growth & Trends

The global aerospace plastics market size is expected to reach USD 13.89 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.0% from 2023 to 2030. Non-corrosive nature and high-temperature resistance of plastics are expected to bolster market growth over the forecast period.

Aerospace plastics exhibit high strength and heat resistance and properties. It's high modulus of elasticity aids in the production of various aircraft components such as empennage, airframe, and fuselage. In addition, plastics are lightweight nevertheless high-performance alternatives to metals such as steel and aluminum; as a result, the market is expected to grow significantly.

Easy adoption in aircraft designs coupled with high durability and chemical resistance offered by the product is expected to drive market over the forecast period. However, the components manufactured with the use of plastic polymers are hard to inspect for flaws, leading to quality variations and defects resulting in increased incidents of plastic fracture. This leads to high operating repair and maintenance costs are posing a threat to aerospace plastics market growth.

Aerospace plastics provide a high degree of freedom in the designing of complicated components of an aircraft. This has resulted in an increase in the percentage of material utilization in manufacturing military and commercial aircraft significantly over the past couple of decades, which in turn has bolstered the demand for plastics in aerospace applications.

Commercial aircraft manufacturers are entering into supply agreements with plastic resins & composite manufacturers to develop a reliable supply channel for their aircraft components. In November 2020, Boeing awarded a long-term enterprise agreement to Solvay for supplying advanced materials such as adhesives, surfacing films, and thermoplastic and thermoset, composites for aircraft interior section, secondary structures, and primary structures.

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Aerospace Plastics Market Report Highlights

  • Cabin interiors dominated the application segment and accounted for more than 30.0% of the overall revenue share in 2022. The growing use of plastics in seat & seating components, cabin dividers, overhead cabins, and other interior components for improving the appearance of the cabin. This is attributed to its flexibility, impact strength, high-temperature resistance, and corrosion resistance similar to metals
  • Commercial and freighter aircraft accounted for the majority of the revenue share. The rapid growth in the air passenger traffic has led to the increased production of commercial aircraft, which in turn is expected to bolster the demand for the plastics
  • North America accounted for the over 57.3% of the revenue share in 2022. The growing demand for commercial aircraft coupled with the presence of Boeing, a leading manufacturer of aircraft is expected to drive the demand for aerospace polymers in the region
  • The market is fragmented wherein the global players adopt various marketing and pricing strategies to gain market share and acquire the business from major aircraft manufacturers such as Airbus, Boeing, and Lockheed Martin
  • In November 2021, Solvay collaborated with Switzerland-based OEM 9T Labs AG to produce low-to-medium size aerospace parts. This collaboration aims at producing carbon reinforcedpolyphenylene sulfide, polyamide, and polyetheretherketonecomposite materials for aircraft components
  • In April 2019, DuPont opened a new Aerospace Technology Center at its manufacturing site in Ohio. The new Technology Center supports the support present and future aerospace design projects aerospace designs and provide technology advancements related to these designs

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

Aerospace Plastics Market Segmentation

Grand View Research has segmented the global aerospace plastics market on the basis of plastic type, process, application, end-use, and region:

Aerospace Plastics Plastic Type Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • Polyetheretherketone (PEEK)
  • Polyphenylsulfone (PPSU)
  • Polycarbonate (PC)
  • Polyetherimide (PEI)
  • Polymethyl Methacrylate (PMMA)
  • Polyamide (PA)
  • PolyPhenyleneSulfide (PPS)
  • Polyamide-imide (PAI)
  • Polyphenylene Ether (PPE)
  • Polyurethane (PU)
  • Others

Aerospace Plastics Process Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • Injection Molding
  • Thermoforming
  • CNC Machining
  • Extrusion
  • 3D Printing
  • Others

Aerospace Plastics Application Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • Cabin Interiors
  • Structural Components
  • Electrical, Electronics, And Control Panel
  • Window & Windshields, Doors, And Canopies
  • Flooring & Wall Panels

Aerospace Plastics End-Use Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • Commercial & Freighter Aircraft
  • General Aviation
  • Military Aircraft
  • Rotary Aircraft

Aerospace Plastics Regional Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • UK.
    • France
  • Eastern Europe
  • China
  • Asia
    • India
    • Japan
  • Southeast Asia
    • Indonesia
  • Central & South America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • United Arab Emirates

List of Key Players of Aerospace Plastics Market

  • Victrex plc
  • Ensinger
  • SABIC
  • Solvay
  • BASF SE
  • Evonik Industries AG
  • Toray Advanced Composites
  • Saint Gobain Aerospace
  • DuPont
  • Celanese Corporation
  • Sumitomo Chemical Co., Ltd.
  • Covestro AG
  • the Mitsubishi Chemical Group of companies
  • PPG Industries, Inc.
  • Röchling

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.

Thursday, 19 October 2023

Neodymium Market to Witness a Pronounce Growth During 2022 – 2030: 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.

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.

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.

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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

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

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.

Disposable Medical Sensors Market Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 Disposable Medical Sensors Market Growth & Trends

The global disposable medical sensors market size is anticipated to reach USD 36.24 billion by 2030, growing at a CAGR of 18.45% during the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow due to the rising demand for rapid and accurate diagnostic kits, the increasing prevalence of chronic diseases, and the growing inclination toward fitness.

Due to the COVID-19 outbreak, the market has experienced rapid growth recently as a result of the growing number of hospitals around the world. This will lead to the high adoption of disposable medical sensors because they are affordable and time-saving, thus driving the market growth. According to the Food and Drug Administration (FDA-US), the COVID-19 pandemic's increased demand for home-based point-of-care devices would present profitable opportunities for industry expansion in the foreseeable future.

Technology advancements are anticipated to play a significant role in the market expansion for disposable medical sensors throughout the course of the forecast period. For instance, the U.K. launched the Defense and Security Accelerator (DASA) competition in April 2020, which is a wide-area biosensor competition. With the help of this competition, Phase 2 of the Wide-area Biosensor Program will be able to locate and identify dangerous biological infections in the field. For instance, Australian scientists created the first biosensor in the world capable of tracking pH changes in cancer and stroke patients in April 2020.

Additionally, due to disposable medical sensors advancing technological capabilities, the market expansion is projected to be fueled by rising demand for biosensors in bioreactors and drug research. For instance, in August 2022, the first nano biosensor with a protein response that is commercially available was announced by SkyWater Technology and NanoDx, Inc. which is anticipated to boost the market growth in the near future.

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Disposable Medical Sensors Market Report Highlights

  • By application, the diagnostic segment dominates the market by 39.38% of the market share in 2022. This growth is attributed to the increasing prevalence of chronic disorders and rising awareness regarding advanced products
  • Based on the product, the biosensors segment is expected to hold over 49.70% of the share in 2022. The primary drivers for biosensors market growth are many applications in the healthcare / medical sector, rapid technological advancements in the drug screens area due to the COVID-19 Pandemic, and increased demand in the bioprocessing industry
  • Based on type, the strip sensors segment is expected to hold over 38.76% of the share in 2022 owing to increasing demand and its usage in the diagnostic application. Moreover, the demand for self-diagnosis and home-based medical devices fuels the segment growth
  • The Asia Pacific region is estimated to register the highest CAGR during the forecast period. Increasing disposable income, growing awareness levels, and rising incidence rate of chronic conditions are a few factors promoting growth

Access Press Release@ https://www.grandviewresearch.com/press-release/global-disposable-medical-sensors-market

Disposable Medical Sensors Market Segmentation

Grand View Research has segmented the global disposable medical sensors market based on application, product, type, and region:

Disposable Medical Sensors Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Diagnostic
  • Therapeutic
  • Patient Monitoring

Disposable Medical Sensors Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Biosensors
  • Pressure Sensors
  • Accelerometers
  • Temperature Sensors
  • Image Sensors
  • Others

Disposable Medical Sensors Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Strip Sensors
  • Wearable Sensors
  • Implantable Sensors
  • Invasive Sensors
  • Ingestible Sensors

Disposable Medical Sensors Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Disposable Medical Sensors Market

  • SSI Electronics
  • ACE Medical Devices
  • Sensirion AG Switzerland
  • Smith’s Medical 
  • Koninklijke Philips N.V.
  • GE Healthcare
  • Analog Devices, Inc. 
  • Honeywell International Inc
  • TE Connectivity
  • Medtronic
  • NXP Semiconductor

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.

Monday, 16 October 2023

Medical Fiber Optics Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Medical Fiber Optics Market Growth & Trends

The global medical fiber optics market size is expected to reach USD 7.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 6.1% for the forecast period 2023-2030. This can be attributed to the growing adoption of minimally invasive surgeries, technologically advanced products, and the rising prevalence of cancer globally.

An increase in the adoption of laser technology for endoscopic surgeries is expected to drive the market growth. For instance, according to an article by BMJ Journals, more than 1.5 million endoscopic procedures were performed in 2020. Additionally, the adoption of laser-guided laser systems for endoscopic surgeries by hospitals and research facilities to provide better patient outcomes further increased the growth of the market. In 2020, N.N. Petrov National Medical Research Center of Oncology in Russia acquired KLS Martin surgical laser system. The system uses a user-specific program to adjust the size and depth of the incision depending on the anatomical structure of the skin. It offers control of hemostasis and ablation of tissue.

In addition, the growing adoption of minimally invasive surgery as an alternative to general surgery is expected to drive the growth of the market. The higher adoption of the procedure is due to increased safety, small-sized incisions, shorter hospital stays, and rapid recovery as compared to general surgery. Moreover, the high implementation of laser technology for correcting eye surgeries due to the higher precision, less bleeding, enhanced tissue absorption, and faster healing is expected to contribute to the growth of the market.

The increase in demand for early detection of cancer is anticipated to contribute to the growth of the market. Most cancer types are challenging to diagnose at early stages due to a lack of symptoms. Physicians undertake endoscopic procedures for early diagnosis of cancer in high-risk patients. Endoscopic procedures help to visualize cysts in the urinary tract, esophagus, and abdomen, which are difficult to identify through the naked eyes. This is attributed to driving the adoption of endoscopes, thereby contributing to the growth of the market during the forecast period.

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Medical Fiber Optics Market Report Highlights

  • In 2022, the multimode optical fiber segment held the largest share of 44.3% and is expected to grow at a CAGR of 6.3% in the forecast period. This growth is attributed due to its wider applications such as illumination sources and surgical lightning
  • In 2022, the fiber optics cable segment held the largest share of 42.2% and is projected to reveal a CAGR of 6.4% during the forecast period. The cables provide illumination and have applications in laparoscopy, gynecology, and ENT among others
  • In 2022, the illumination segment held a share of 29.8% and is anticipated to exhibit a CAGR of 5.6% in the forecast period. Factors such as the higher adoption of high-power lights in phototherapy and light therapy contributed to the growth of the segment
  • In 2022, Asia Pacific contributed 31.0% share and is projected to expand at a CAGR of 7.2% during the forecast period. This expansion is constituted due to advancing healthcare infrastructure and favorable government initiatives to improve the adoption of the fibers

Access Press Release@ https://www.grandviewresearch.com/press-release/global-medical-fiber-optics-market

Medical Fiber Optics Market Segmentation

Grand View Research, Inc. has segmented the medical fiber optics market report based on fiber type, product type, application, and region.

Medical Fiber Optics Type Outlook (Revenue, USD Million, 2016 - 2030)

  • Single Mode Optical Fiber
  • Multimode Optical Fiber
  • Plastic Optical Fiber (POF)
  • Fiber Bundles

Medical Fiber Optics Product Type Outlook (Revenue, USD Million, 2016 - 2030)

  • Fiber Optics Cable
  • Fiber Optics Connectors
    • Standard Fiber Optics Connectors
      • Lucent Connectors (LC)
      • Multi-Fiber Push On Connectors
      • Other
    • Custom Fiber Optics Connectors
      • Circular with Optics
      • Hybrid Circular with Fiber and Electrical
    • Others

Medical Fiber Optics Application Outlook (Revenue, USD Million, 2016 - 2030)

  • Endoscopic Imaging
  • Laser Signal Delivery
  • Biomedical Sensing
  • Illumination
  • Others

Medical Fiber Optics Regional Outlook (Revenue, USD Million, 2016 - 2030)

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

List of Key Players In the Medical Fiber Optics Market

  • Integra Lifesciences Corporation
  • Fiberoptics Technology Incorporated (Fti)
  • AFL
  • Coherent, Inc.
  • Timbercon, Inc.
  • Gulf Fiberoptics
  • LEONI
  • Newport Corporation
  • SCHOTT
  • Amphenol Corporation
  • LEMO
  • Hirose Electric Co. Ltd.
  • Fischer Connectors SA
  • ODU GmbH & Co. KG
  • Smiths Interconnect
  • Molex, LLC

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.

Cashmere Clothing Market Get Facts About Business Strategies 2023 to 2030: Grand View Research Inc.

 Cashmere Clothing Market Growth & Trends

The global cashmere clothing market size is expected to reach USD 4.23 billion by 2030 and grow at a CAGR of 6.0% from 2023 to 2030, according to a new report by Grand View Research, Inc.  The increasing demand for smartphones as they are an effective means of communication around the globe is expected to drive the market in the forecast period. In addition, the increasing demand for wireless devices, coupled with frequent changes in technologies, is likely to drive the market in the near future. For instance, companies are coming up with the latest technologies such as wireless headsets, and speakers which have boosted the market demand for the industry in recent times. Furthermore, a rise in the adoption of smartphones among teenagers has enhanced the demand for certain accessories such as mobile covers, and headphones as they keep themselves updated with the changing technologies in the market.

The COVID-19 pandemic has negatively impacted the global cashmere clothing market. Most of the manufacturers shut down their manufacturing plants which resulted in a significant slowdown in supply and distribution. Physical stores are most affected because many people are still hesitant to approach large retail areas. For instance, in 2020, H&M closed around 70% of its stores worldwide. High-street stores have been massively affected by store closures. According to a report published by Open Access Government in 2020, during the lockdown, many brands’ websites displayed sales of up to 70% off items. Owing to the availability of these brands on the online platform, customers still purchased the products. Additionally, most regions across the globe have categorized cashmere clothing in the non-essential product category, which has led to a drastic decline in the sales of these products, mainly through brick-and-mortar stores, but also through online platforms. However, with the inception of the global economy, the market for cashmere clothing is expected to bounce back post the COVID-19 era. The popularity of online distribution channels is expected to create a steady demand for cashmere clothes in the foreseeable future.

The sweaters and coats product segment accounted for 51.6% market share in 2022 and are expected to witness progressive growth by 5.5% during the forecasted period. The growth can be attributed to the rising demand for different types of premium sweaters and coats, such as casual and formal wear.

The men's end-user segment is expected to witness the fastest CAGR of 6.5% in the forecast period. The growth is attributed to the upgraded standards of living and increasing demand for cashmere clothing, such as coats and trousers, as fashion apparel. 

Europe was the largest regional market in 2022 and accounted for more than 37.1% of the global share. The market is driven by rising demand for different types of cashmere clothing in countries, such as Germany, Italy, and the U.K. Moreover, Europe is considered the world’s largest fashion hub due to the strong presence of several luxury brands in the region, which also drives the market growth. However, North America is expected to be the fastest-growing regional market at a CAGR of 6.4% in the forecast period. The U.S. is the major market in this region due to the high demand for luxury clothing. 

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Cashmere Clothing Market Report Highlights

  • The sweaters and coats product segment is projected to grow at the fastest CAGR of 5.5% during the forecast period. The growth can be attributed to the rising demand for different types of premium sweaters and coats, such as casual and formal wear
  • Men’s end-user segment is expected to grow at the fastest CAGR of 6.5% in the forecast period. The growth is attributed to the improving standards of living and increasing demand for cashmere clothing, such as coats and trousers, as fashion apparel
  • Europe dominated the market with the largest market share of 37.1% in 2022 and is projected to exhibit a CAGR of 4.6% in the forecast period. The growth is attributed to a huge surge in the demand for various cashmere clothing products in the U.K., Italy, and Germany
  • North America upheld the market with a 27.0% market share in 2022 and is expected to be the fastest-growing regional market at a CAGR of 6.4% in the forecast period. The U.S. is the major market in this region due to the high demand for luxury clothing

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

Cashmere Clothing Market Segmentation

Grand View Research has segmented the global cashmere clothing market based on product, end-user, and region.

Cashmere Clothing Product Outlook (Revenue, USD Billion, 2017 - 2030)

  • Sweaters & Coats
  • Pants & Trousers
  • Tees & Polo
  • Others

Cashmere Clothing End-User Outlook (Revenue, USD Billion, 2017 - 2030)

  • Men
  • Women

Cashmere Clothing Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Cashmere Clothing Market

  • Loro Piana S.P.A.
  • Brunello Cucinelli S.p.A.
  • Alyki - Felice De Palma & Co.
  • Pringle of Scotland Limited
  • Ermenegildo Zegna Holditalia S.p.A.
  • SofiaCashmere
  • Autumn Cashmere
  • Malo
  • Corso Italia S.p.A.
  • TSE Cashmere

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.

Nanomaterials Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2030

 Nanomaterials Market Growth & Trends

The global nanomaterials market size is expected to grow USD 32.76 billion by 2030 and expand at a CAGR of 14.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to a wide range of existing and potential applications of the product in electronics, biomedical, drug delivery, and optical fields. In addition, nanotechnology is extensively used in the healthcare industry in various applications such as anti-infective, neurology, and cardiovascular disorders.

Nanotechnology is also widely used in the electronics industry for making nano sensors, nanofibers, and nanotubes. In addition, it is used in 3D-printed batteries, biodegradable electrodes, and super flexible chips capable of encircling a hair strand. This technology is also used in wastewater treatment and in removing suspended metal particles from water systems.

Rapid advancements in healthcare technology, development in the medical diagnostics industry, and several benefits in medical imaging applications are projected to uplift the market. Additionally, a rise in the focus on research pertaining to rising government expenditure on pharmaceutical and biotechnology research and development (R&D), and nanotechnology are expected to up-scale the growth of the global nanomaterials market during the forecast period.

Nanomaterials are mainly synthesized for commercial and research purposes. The raw materials are procured by commercial manufacturers for large-scale production and by research laboratories for small-scale production. Nanomaterials are produced in laboratories for research purposes, wherein these nanoparticles are studied and explored for their use in potential applications.

Aluminum oxide nanomaterials are used in a diverse range of applications owing to their unusual structural and physicochemical properties like high resistance to mechanical stress, wear, and chemicals. In addition, they exhibit favorable optical properties, as well as large surface areas. The low cost of preparation and the ease of availability and handling of aluminum oxide nanoparticles are expected to further drive their demand globally during the forecast period.

Toxicity assessment of the nanoparticles is expected to be one of the major restraints faced by the industry. The increasing production of nanoparticles has resulted in augmenting the need for more standardized and reliable methods for evaluating the harmfulness of nanoparticles under various biological, dosing, and exposure conditions.

Nanomaterials are supplied to end users through a network of distributors such as Fisher Scientific and BIO Scientific Pty Ltd. Distributors. These distributors supply the product to several end-user industries such as biomedical, energy, electronic, and wastewater treatment. In some cases, nanomaterials are manufactured in university laboratories for captive consumption. However, these universities also procure the end product from commercial manufacturers such as Nanoshel Inc. to conduct research in biomedical, electronics, and energy applications.

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Nanomaterials Market Report Highlights

  • The titanium (Ti) nanomaterials product segment is expected to grow at a CAGR of 16.2% during the forecast period. The chemicals industry is the largest user of titanium nanomaterials owing to their excellent corrosion resistance. The aerospace industry is the second-largest user owing to high strength and low density, as well as their ability to withstand high (and cryogenic) temperatures
  • The aerospace application segment is expected to expand at a CAGR of 12.1% over the forecast period. Rising demand for lighter and more efficient aircraft has driven the rapid adoption of nanomaterials in aircraft manufacturing.
  • Prominent players have been utilizing different business strategies such as business and product development, mergers and acquisitions, and collaborations to stay competitive in the global nanomaterials market. In addition, several companies and universities are engaged in R&D activities to find the application of nanomaterials in drugs and diagnostics of diseases

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

Nanomaterials Market Segmentation

Grand View Research has segmented the global nanomaterials market based on material, application and region:

Nanomaterials Material Outlook (Revenue, USD Million, 2018 - 2030)

  • Gold (Au)
  • Silver (Ag)
  • Iron (Fe)
  • Copper (Cu)
  • Platinum (Pt)
  • Titanium (Ti)
  • Nickel (Ni)
  • Aluminum Oxide
  • Antimony Tin Oxide
  • Bismuth Oxide
  • Carbon Nanotubes
  • Other Nanomaterials

Nanomaterials Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Aerospace
  • Automotive
  • Medical
  • Energy & power
  • Electronics
  • Paints & Coatings
  • Other

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

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

List of Key Players in Nanomaterials Market

  • Strem Chemicals, Inc.
  • American Elements
  • US Research Nanomaterials, Inc.
  • Nanocomposix, Inc.
  • Frontier Carbon Corporation
  • Nanoshel LLC
  • SkySpring Nanomaterials, Inc.
  • Nanophase Technologies Corporation
  • Cytodiagnostics, Inc.
  • Quantum Materials 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.

Friday, 13 October 2023

Welding Fume Extraction Equipment Market Witness Excellent Revenue Growth During 2022-2030: Grand View Research Inc

 Welding Fume Extraction Equipment Market Growth & Trends

The global welding fume extraction equipment market size is anticipated to reach USD 3.03 billion by 2030 according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.8% from 2022 to 2030. The demand for welding fume extraction equipment is anticipated to be driven by stringent environmental regulations for occupational exposure to the hazardous fumes generated during the welding process.

The increased awareness of welding equipment end-users about occupational hazards and illnesses has led to the implementation of additional legislation by employers. Local exhaust ventilation (LEV) systems are to be installed by all firms that offer welding services to adequately regulate welding emissions.

Welding companies are obligated by law to maintain an ASA registry listing the exposed workers and the number of annual hours of exposure. Thus, increased concerns related to the health risks posed by welding fumes, along with the implementation of stringent laws aimed at ensuring a safe and healthy work environment, are anticipated to fuel the growth of the market over the forecast period.

Increasing construction activities across the globe and rapid urbanization in developing economies, such as China, India, and Brazil, as well as those in the Middle East and Africa, are anticipated to fuel the expansion of the construction sector. Moreover, higher disposable incomes and improved spending capabilities of consumers are anticipated to boost spending on the construction of new buildings.

Manufacturers of welding fume extraction equipment adopt several strategies including acquisitions, mergers, joint ventures, new product developments, and geographical expansions to enhance their market penetration and cater to the changing technological demand for equipment from various end-use industries such as building & construction, automotive & transportation, marine, and aerospace.

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Welding Fume Extraction Equipment Market Report Highlights

  • Mobile units accounted for 45.2% of the global revenue share in 2021 owing to their mobility & compactness, mobile units are suited for small fabrication and welding facilities that require light to medium-duty welding fume extractors
  • Arc welding accounted for 44.0% share of the global revenue in 202. Arc welding is used for various applications such as welding thin ferrous & non-ferrous metals, sheet metals, small diameter parts, thin wall tubing, and repairing tools & dies
  • Aerospace is projected to witness a CAGR of 6.8% from 2021 to 2030. The welding applications in aerospace manufacturing also include heating elements, circuit board traces, electronic components, actuators, fine ribbon welding, inductors, and others
  • Asia Pacific accounted for around 35.7% of the global revenue share in 2021. Owing to ongoing offshore and onshore oil & gas exploration activities, along with the conduct of refining pipeline construction projects in the region during the post-pandemic period
  • In August 2020, KEMPER GmbH launched the WallMaster filter system for metalworking companies to optimize their protective welding equipment for employees. The stationary filter unit is suitable for filtering medium quantities of welding fumes for up to two workplaces at the same time

Access Press Release@ https://www.grandviewresearch.com/press-release/global-welding-fume-extraction-equipment-market

Welding Fume Extraction Equipment Market Segmentation

Grand View Research has segmented the global welding fume extraction equipment market based on product, application, industry, and region:

Welding Fume Extraction Equipment Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Mobile Units
  • Stationary Units
  • Large Centralized Systems

Welding Fume Extraction Equipment Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Arc Welding
  • Resistance Welding
  • Laser Beam Welding
  • Oxy-fuel Welding

Welding Fume Extraction Equipment Industry Outlook (Revenue, USD Million, 2017 - 2030)

  • Aerospace
  • Automotive
  • Building & Construction
  • Energy
  • Oil & Gas
  • Marine
  • Others

Welding Fume Extraction Equipment Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Central Europe
    • Germany
    • Switzerland
  • Northern Europe
    • Sweden
    • Finland
    • Denmark
    • Norway
    • Iceland
  • Western Europe
    • UK.
    • France
  • Southern Europe
    • Spain
    • Italy
  • Eastern Europe
    • Russia
    • Poland
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE

List of Key Players of Welding Fume Extraction Equipment Market

  • Miller Electric Mfg. LLC
  • Lincoln Electric
  • Donaldson Company, Inc.
  • Kemper Gmbh
  • Bomaksan Industrial Air Filtration Systems San. Tic. A.S.
  • Sentry Air Systems, Inc.
  • Filcar
  • ABICOR BINZEL
  • ESTA Extraction technology
  • Air Cleaning Specialists, 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.

Intravascular Ultrasound Market With Strong Application and Scope By 2030

 Intravascular Ultrasound Market Growth & Trends

The global intravascular ultrasound market size is anticipated to reach USD 1.14 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 5.1% from 2023 to 2030. The rising prevalence of cardiovascular disorders coupled with the increasing demand for effective diagnostic techniques is the key factor driving the market. Moreover, consistent technological advancements are further expected to boost market growth during the forecast period. Intravascular ultrasound (IVUS) is an effective intravascular imaging modality as this technology overcomes numerous disadvantages of angiography, which utilizes X-ray technology to create images.

Furthermore, the growing demand for advanced and accurate medical imaging is resulting in the rapid development of Artificial Intelligence (AI). For instance, in March 2021, GE Healthcare announced a portable Point-of-Care Ultrasound Device (POCUS) called Venue Fit, in addition to an industry-first AI tool for cardiac imaging. Favorable reimbursement policies for coronary intervention procedures in developed countries are further anticipated to boost industry growth over the forecast period. The Centers for Medicare & Medicaid Services (CMS) offers favorable healthcare insurance policies for various cardiovascular procedures.

This may increase the number of patients opting for such services. Some of the prominent companies in the industry are undertaking different initiatives, such as funding and acquisitions of medium- and small-sized businesses to expand their product portfolios and enhance their manufacturing capacities. For instance, in August 2020, Philips launched Affiniti CVx a cardiovascular ultrasound system. The solution is designed to help cardiology departments provide better care to more patients with enhanced efficiency and throughput.

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Intravascular Ultrasound Market Report Highlights

  • Based on modality, the virtual histology IVUS segment accounted for the largest revenue share in 2022 owing to its wide range of applications and advantages in cardiology
  • Based on products, the accessories segment held the largest revenue share in 2022. The segment is sub-categorized into catheters, guidewires, and others
  • The diagnostic centers end-use segment is anticipated to register the fastest growth rate during the forecast period
  • This growth can be attributed to the increasing number of establishments of standalone diagnostic centers
  • Asia Pacific is expected to register the fastest growth rate from 2023 to 2030 on account of the presence of the target patient population, increasing healthcare awareness, and rising government funding for R&D & upcoming research projects

Access Press Release@ https://www.grandviewresearch.com/press-release/global-intravascular-ultrasound-ivus-market

Intravascular Ultrasound Market Segmentation

Grand View Research has segmented the global intravascular ultrasound market based on modality, product, end-use, and region:

IVUS Modality Outlook (Revenue, USD Million, 2018 - 2030)

  • Virtual Histology IVUS
  • iMap IVUS
  • Integrated Backscatter IVUS

IVUS Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Consoles
  • Accessories
    • Catheters
    • Guidewires
    • Others

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

  • Hospitals
  • Diagnostic Imaging Centers
  • Academic & Research Institutes

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

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

List of Key Players in Intravascular Ultrasound Market

  • Canon Medical Systems Corp.
  • Boston Scientific Corp.
  • GE Healthcare
  • Philips
  • Siemens Healthcare
  • Hitachi
  • Mindray Medical International Ltd.
  • Fujifilm Corp.
  • Samsung Medison
  • Chison Medical Technologies

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.

Patient-derived Xenograft Model Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

 Patient-derived Xenograft Model Market Growth & Trends

The global patient-derived xenograft model market size is expected to reach USD 661.4 million by 2030, registering a CAGR of 12.8% over the forecast years according to a new report by Grand View Research, Inc. Growing burden of cancer, which is promoting the demand for new treatment options, along with significant demand for personalized therapies worldwide will boost the growth of the industry. Patient-derived Xenograft (PDX) models have garnered increasing awareness during the past decade. These types are typically characterized by the introduction of fresh immunodeficient mice with patient-derived tumor tissues. These models have been used with efficacy in preclinical studies to identify prospective biomarkers for drug response and resistance, as well as to monitor the development of tumors in therapy response. The concept of a co-clinical study, which involves using several models at once-referred to as “Avatar models”-has recently grown in popularity and has been expanded to incorporate PDX models.

Moreover, PDX models were used in a few prospective trials to direct therapeutic therapy decisions for a limited number of patients with confirmed extended survival. The COVID-19 pandemic had a negative impact on the industry. It disrupted the clinical trials and also reduced the productivity of pharmaceutical & biopharmaceutical companies. According to research by Avantor Sciences, 70% of global clinical trials were disrupted as of July 2020. 369 trials related to oncology had been delayed in the USA alone, central nervous system trials at 223, gastrointestinal trials at 116, and cardiovascular trials at 99. Despite COVID-19, the rising number of cancer cases & increased R&D activities by pharmaceutical companies will contribute to the growth of the market. For instance, as per the GLOBOCAN Report 2020, 19.3 million new cancer cases and almost 10.0 million cancer deaths occurred in 2020. The majorly impacted cancers were breast, lung, colorectal, and prostate cancer.

Request a free sample copy or view report summary: Patient-derived Xenograft Model Market Report

Patient-derived Xenograft Model Market Report Highlights

  • The breast cancer segment dominated the industry in 2021 due to arise in the cases of breast cancer driving the growth of the market
  • For instance, female breast cancer is expected 2.3 million new cases & has surpassed lung cancer as the most prevalent disease diagnosed
  • The mice model type segment held the highest revenue share in 2021 due to factors, such as the increasing use of the mice model for cancer treatment and ease of manipulation & procurement
  • The CROs & CDMOs end-user segment accounted for the largest share in 2021. The segment is also anticipated to witness the fastestCAGRover the forecast period
  • A growing number of pharmaceutical companies are outsourcing their preclinical studies to CROs & CDMOs, which, in turn, is driving the growth of this segment
  • North America was the largest region in 2021 due to a high number of research studies in the region, increased funding for preclinical research, and demand for innovative therapies

Access Press Release@ https://www.grandviewresearch.com/press-release/global-patient-derived-xenograft-model-market

Patient-derived Xenograft Model Market Segmentation

Grand View Research has segmented the global patient-derived xenograft model market on the basis of tumor type, model type, end-user, and region:

PDX Model Tumor Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Lung Cancer
  • Pancreatic Cancer
  • Prostate Cancer
  • Breast Cancer
  • Other Cancer

PDX Model Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Mice
  • Rats

PDX Model End-user Outlook (Revenue, USD Million, 2018 - 2030)

  • Pharmaceutical & Biopharmaceutical Companies
  • Academic & Research Institutes
  • CROs & CDMOs

PDX Model Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Patient-derived Xenograft Model Market

  • Charles River Laboratories
  • The Jackson Laboratory
  • Crown Bioscience
  • Altogen Labs
  • Envigo
  • WuXi AppTec
  • Oncodesign
  • Hera Biolabs
  • XenTech
  • Abnova 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.

Brazil Premium Bottled Water Market Latest Trends, Industry Growth And Forecast To 2033: Grand View Research Inc.

  Brazil Premium Bottled Water Market Summary The  Brazil premium bottled water market  size was estimated at USD 1.69 billion in 2024 and i...