Food Processing Equipment Market to Reflect Impressive Expansion During 2024 to 2030: Grand View Research Inc.

 

Food Processing Equipment Market Growth & Trends

The global food processing equipment market size is expected to reach USD 69.30 billion by 2030, expanding at a CAGR of 4.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The changing lifestyle of people, increasing inclination toward nutritious food, and awareness about the health benefits of marine products are expected to surge the product demand over the coming years.

Population growth and rising disposable income, along with increasing urbanization, are expected to drive the consumption of processed foods, which, in turn, is expected to benefit the industry growth. Moreover, the governments of Middle Eastern countries are focusing on reducing their reliance on the petroleum sector and promoting investments in industries, such as construction, automotive, and food and beverage.

Farmed fish solutions for the marine industry had provided a convenient solution for the demand-supply imbalance. However, the industry witnessed a price hike for fresh and processed fish. The positive economic condition of the market and potential customers are some of the prominent factors that assure the prominent growth of the market over the forecast period.

Rising population, dietary shifts, and a rise in spending power influence the market growth, which exerts pressure on the industry to fulfill the ever-increasing demand of the world. In addition, the growing need for equipment in the wake of the rising consumption of processed foods in the developing economies in Asia Pacific is expected to drive the industry.

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Food Processing Equipment Market Report Highlights

• By type, the processing equipment is expected to witness the fastest growth over the forecast period owing to the high demand for processed products and the increasing popularity of healthy and packaged food
• Based on mode of operation, the automatic processing equipment segment is expected to expand at a significant CAGR from 2023 to 2030 owing to the high demand for technological development, growing use of automation, and strong research and development capabilities of market players
• The rise in demand for fast and packaged food is expected to compel manufacturers to expand their production capabilities, which is likely to trigger product demand over the forecast period
• The market in Brazil is expected to expand at a CAGR of 4.2% from 2023 to 2030 owing to the untapped opportunities and customer base
• Industry participants are adopting strategies, including distribution network expansion, new product developments, mergers & acquisitions, and partnerships, in order to gain a competitive edge in the industry

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Food Processing Equipment Market Segmentation

Grand View Research has segmented the global food processing equipment market on the basis of mode of operation, type, application, and region:

Food Processing Equipment Mode of Operation Outlook (Revenue, USD Billion, 2018 - 2030)

• Automatic
• Semi-automatic

Food Processing Equipment Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Bakery & Confectionaries
• Meat, Poultry, & Seafood 
• Beverage
• Dairy 
• Fruit, Nut, & Vegetable
• Grains
• Others

Food Processing Equipment Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Processing
  • Extruders and Forming Machines
  • Ovens and Dryers
  • Refrigeration and Freezing Equipment
  • Coating Equipment
  • Others
• Pre-processing
  • Sorting & Grading
  • Cutting and Peeling Equipment
  • Washing Equipment
  • Mixing and Blending Equipment

Food Processing Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)

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

List of Key Players of Food Processing Equipment Market

• BAADER Group
• Marel
• Bühler AG
• GEA Group Aktiengesellschaft
• The Middleby Corporation
• Tetra Laval International S.A.
• Alfa Laval
• Krones AG
• JBT Corporation
• SPX Flow Inc.
• LEHUI
• Equipamientos Cárnicos, S.L. (MAINCA)
• FENCO Food Machinery s.r.l.
• Bigtem Makine A.S.
• TNA Australia Pty Limited

About Grand View Research

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

Gypsum Board Market is Estimated to Increase at a CAGR of 12.7% from 2024 to 2030: Grand View Research Inc.

 

Gypsum Board Market Growth & Trends

The global gypsum board market size is expected to reach USD 127.06 billion by 2030, registering a CAGR of 12.7% during the forecast period, according to a new report by Grand View Research, Inc.The growth is attributed to the increasing residential and commercial construction spending in developing regions of Asia Pacific such as China, India, and Indonesia, coupled with strong economic growth in the aforementioned regions, which is anticipated to drive market expansion over the forecast period.

Rapid urbanization is expected to result in an increase in the number of new projects, primarily in residential and building applications, which, in turn, is likely to fuel the growth of the gypsum board market over the forecast period. In addition, factors such as the rapidly growing construction industry, increasing technological advancements in the construction sector, and advantages offered by gypsum board in terms of reduced cost & time and easy installations, are contributing to the market growth.

North America and Europe are expected to witness significant growth due to the recovery of the housing sector post-recession. The U.S. is expected to remain a key product market over the forecast period owing to increasing wallboard usage in non-load-bearing walls and suspended ceilings.

The most widely used gypsum board products include wallboard, ceiling board, and pre-decorated board, among other products such as sheathing, lath, and plaster base. They are used for partitions and the lining of walls, ceilings, roofs, and floors. The properties of plasterboard can be modified to meet specific requirements, such as fire resistance, humidity resistance, and impact resistance, thus generating considerable and regular demand through its versatility.

Conventionally, gypsum is a common mineral found in thick and extensive evaporate beds in association with sedimentary rocks. It is majorly procured through mining and synthesis processes. Major multinationals involved in gypsum processing are Global Gypsum Mining Company, American Gypsum, and Al-Rawas Mining Co. LLC, among several others such as USG Corporation, Baier Group, and Knauf Dubai.

The players in the global gypsum board market are focused on maintaining strategic relationships with suppliers and distributors in order to maintain a steady product supply. Additionally, the market players generally source raw materials from multiple sources so as to avoid disruptions in material supply.

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Gypsum Board Market Report Highlights

• The gypsum ceiling board product segment is expected to expand at a significant CAGR over the forecast period. Gypsum ceiling board is increasingly replacing other conventional counterparts, including plaster in ceilings and interior walls. These ceiling boards significantly improve the thermal and sound insulation in buildings at a relatively lower cost, whilst offering high rigidity and core strength. They are increasingly being preferred by architects since they facilitate a beautiful, homogenous appearance along with a smooth finish without any visible joints
• Gypsum board and other gypsum products are used as a sound-reduction medium in commercial spaces, designed to provide a physical barrier to sound by incorporating a sound break, hence minimizing reverberations. Gypsum is widely preferred by architects for commercial structures since it allows the creation of stunning interiors, both modern and classical while remaining within an affordable budget
• The market in the UK is expected to be driven by strong growth in construction and refurbishment activities in key sectors such as housing, offices, educational institutes, hotels & restaurants, resorts, transport buildings, and online retail warehousing. However, weakened commercial and industrial activities in the country, coupled with uncertainty in the industrial sector due to Brexit, may lead to a moderate product demand over the forecast period
• The gypsum board industry is highly technology-driven. Players are focusing on developing new products to satisfy the market demand and gain a competitive edge. Furthermore, the key market players operate their businesses by focusing on cost leadership strategies.

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Gypsum Board Market Segmentation

Grand View Research has segmented the gypsum board market based on product, application, and region:

Gypsum Board Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• Wallboard
• Ceiling Board
• Pre-decorated Board
• Others

Gypsum Board Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• Pre-engineered Metal Buildings
• Residential
• Industrial
• Commercial
• Institutional

Gypsum Board Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Mexico
  • Brazil
• Middle East & Africa
  • Bahrain
  • Kuwait
  • Qatar
  • Oman
  • Saudi Arabia
  • UAE
  • Jordan
  • Iraq
  • Iran
  • Egypt
  • Syria
  • Turkey
  • Libya
  • Sudan

List of Key Players in the Gypsum Board Market

• USG Zawawi Drywall LLC SFZ
• Knauf
• Gypsemna
• Global Mining Company LLC (GMC)
• Gulf Gypsum Co. (ASK Gypsum Factory Ltd.)
• National Gypsum Company
• Beijing New Building Material (BNBM) Public Ltd Co.
• Extex Group
• United Mining Industries (UMI) Company Ltd.
• Saint-Gobain Gyproc
• Lafarge Group
• Ahmed Yousef & Hassan Abdulla Co. (AYHACO)
• Yoshino Gypsum 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.

Aerospace Parts Manufacturing Market Is Booming Worldwide 2024-2030

 Aerospace Parts Manufacturing Market Growth & Trends

The global aerospace parts manufacturing market size was estimated at USD 1,233.24 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2030. The expansion in air passenger and air freight volume across the globe against the backdrop of economic growth in emerging countries and considerable developments in commercial aviation are the key drivers for aerospace parts manufacturing market.

The number of passengers flying per year has continued to ascend, fueled by affordable ticket prices, frequency of flights, and route availability. This is to positively impact on the aerospace parts manufacturing market over the coming years. Aviation is carbon intensive and one of the fastest growing sectors in terms of greenhouse emissions. Increasing demand for air transportation and decreasing marginal fuel efficiency are likely to put pressure on aerospace industry to reduce the greenhouse emissions.

Growth and improvement in emerging economies coupled with the increase in per capita income are expected to drive the demand for passenger and air freight over the forecast period, consequently resulting in surged demand for aerospace parts manufacturing. Moreover, the aging fleet, technological advancements, increased need for efficient aircraft, and aircraft designed for specific missions such as space missions are expected to drive the demand for new aircraft, thereby boosting the demand for aerospace parts manufacturing.

The increased defense spending to reduce the operational costs and improve the efficiency of aircraft is anticipated to create opportunities for innovation, which, in turn, is expected to boost the technological advancements in aerospace parts manufacturing market. Additionally, energy costs continue to be the most significant expense in aircraft operations, thus impelling the replacement of more in-service aircraft with fuel-efficient aircraft. This is further anticipated to present tremendous opportunities to the aircraft and aero engine manufacturers.

Aerospace parts manufacturers purchase raw materials either directly from suppliers or through third party suppliers under competitively priced supply contracts or bidding arrangements. Parts manufacturers procure raw materials from suppliers to produce customized components for their clients. They enter into long-term contracts with material suppliers to maintain a robust supply. The manufacturers of the complex aerospace parts, such as aero engines, have their own supply chain within the market.

Aircraft manufacturers provide the flexibility of customization to their major customers such as large airlines in order to differentiate the brands and fulfill operational requirements. Airlines then add or modify the pre-qualified components offered by the suppliers. Airlines enter into definitive agreements with aerospace parts manufacturers for the supply and maintenance of their products. In addition, major market suppliers such as Safran Group offer their engines to the airlines and simultaneously offer maintenance, repair, and overhaul services.

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Aerospace Parts Manufacturing Market Report Highlights

• On the basis of product, aircraft manufacturing is dominated the aerospace parts manufacturing industry in 2023. However, manufacturing of insulation components represent the strongest growth and is expected to continue the trend in the near future. Additive manufacturing is gaining attraction, owing to its benefits, such as low-cost and reduction in errors.
• Based on aircraft type, commercial aircrafts dominated the market including passenger, freight, and cargo aircraft. The global commercial passenger and cargo fleet are expected to grow in line with the annual number of passengers, which is expected to double over the next two decades.
• Based on the region, North America contributes the largest share to the market, accounting for more than 51.7% of the total market in 2023, owing to the presence of key aerospace parts manufacturers coupled with the huge aircraft manufacturing industry in the region.
• The Asia Pacific region is estimated to be the fastest growing market for aerospace parts manufacturing industry due to growing development in the aviation industry in the region driven by the economic growth of Japan, China and other markets. Moreover, growth in passenger traffic is forecasted to drive the market growth over the forecast period.
• The aerospace parts manufacturing companies are integrated into the value chain from earlier stages of material purchase and design process. Aircraft manufacturing companies work closely with suppliers to monitor technological trends as well as to anticipate any changes in component availability and pricing.

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Aerospace Parts Manufacturing Market Segmentation

Grand View Research has segmented the global aerospace parts manufacturing market report based on product, end use, and region:

Aerospace Parts Manufacturing Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Engines
• Aircraft Manufacturing
• Cabin Interiors
• Equipment, Safety & Support
• Avionics
• Insulation Components

Aerospace Parts Manufacturing Aircraft Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Commercial
• Business
• Military
• Others

Aerospace Parts Manufacturing Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • The Netherlands
• Asia Pacific
  • Indonesia
  • Malaysia
  • Philippines
  • China
  • Japan
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Aerospace Parts Manufacturing Market

• JAMCO Corporation
• Intrex Aerospace
• Rolls Royce plc
• CAMAR Aircraft Parts Company
• Safran Group
• Woodward, Inc.
• Engineered Propulsion System
• Eaton Corporation plc
• Aequs
• Aero Engineering & Manufacturing Co.
• GE Aviation
• Lycoming Engines
• Pratt & Whitney
• Superior Air Parts Inc.
• MTU Aero Engines AG
• Honeywell International, Inc.
• Collins Aerospace
• Composite Technology Research Malaysia Sdn. Bhd.
• Mitsubishi Heavy Industries Ltd.
• Kawasaki Heavy Industries Ltd.
• Subaru Corporation
• IHI Corporation
• Lufthansa Technik AG
• Diel Aviation Holding GmbH
• Elektro-Metall Export GmbH
• Liebherr International AG
• Hexcel Corporation
• DuCommun Incorporated
• Rockwell Collins
• Spirit Aerosystems, Inc.
• Panasonic Avionics Corporation
• Zodiac Aerospace
• Thales S.A.
• Dassault Systems SE
• Parker-Hannifin Corporation
• Chemetall GmbH
• Premium AEROTECH GmbH
• Daher Group
• FACC AG
• Triumph Group
• Curtiss-Wright Corporation
• Stelia Aerospace
• Magellan Aerospace
• Bridgestone 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.

Kaolin Market Size Is Projected To Reach $5.22 Billion by 2030| Key participants KaMin LLC, and Thiele Kaolin Company

 

Kaolin Market Growth & Trends

The global kaolin market size is expected to reach USD 5.22 billion by 2030, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The rising prominence of kaolin especially in the manufacturing of whiteware ceramics is projected to aid the market growth over the predicted timeline.

According to the stats released by the United States Geological Survey (USGS) in 2022, the global production of kaolin was estimated at around 46 million tons in 2020. The key kaolin-producing countries are the U.S., Uzbekistan, China, India, Germany, the Czech Republic, and others. Among these countries, India was the front runner with a total estimated production volume of approximately 7.6 million tons in 2020.

Key global players in the kaolin industry include BASF SE, Sibelco, and Imerys SA. There are no significant merger & acquisition activities observed in recent years. Although, Sibelco N.V. and Thiele Kaolin Company initiated some acquisition activities in order to expand their product portfolio and diversify their business. These activities are projected to result in the consolidation of the industry over the coming years.

However, most of the players in the market are focused on increasing kaolin prices in order to ensure the long-term sustainability of the business. These players announced an increase in prices by 4% to 9% in 2021 for different applications, in which paper was a key application. Most of the companies experienced inflation in different aspects of the business including inflation in chemicals and freight costs. In addition, the downgrade caused due to the breakout of the pandemic from key application sectors directly impacted the revenue earnings of major market participants in 2020.

An increase in prices is projected to create less impact on the demand of kaolin, as this increase was initiated by most of the small, medium, and large companies across the globe. Imerys and BASF SE emerged among the top players in this market space. Imerys S.A. was established in 1880 and is engaged in the manufacture and marketing of kaolin products. The company is involved in the development of new products to maintain a strong hold over the global market with production facilities in the U.S., the UK, Brazil, Sweden, and France.

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Kaolin Market Report Highlights

• By application, paper dominated the market and accounted for a revenue share of nearly 37.0% in 2023. This growth is largely attributed to the growth in demand for paper packaging, especially for food deliveries. The work from home concept initiated due to the emergence of the pandemic directly prospered the demand for paper materials, thereby, positively aiding the kaolin industry.
• Ceramics was the second-largest application segment in 2023 and is expected to witness the highest CAGR of 5.5% in terms of revenue over the forecast period. The temporary shutdown during the first half of 2020 impacted the ceramics business volume, especially in the construction sector.
• The regional demand was primarily dominated by the Asia Pacific region which is projected to progress at a compounded annual growth rate of nearly 4.9% in terms of revenue over the forecast period
• Europe held a volume share of over 34.0% in 2023. Growing demand for paper products in food packaging is likely to aid market growth over the forecast period.

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Kaolin Market Segmentation

Grand View Research has segmented the global kaolin market on the basis of application and region:

Kaolin Application Outlook (Volume, Kil0tons; Revenue, USD Million, 2018 - 2030)

• Paper
• Ceramics
• Paint & Coatings
• Fiberglass
• Plastic
• Rubber
• Pharmaceuticals & Medical
• Cosmetics
• Others

Kaolin Regional Outlook (Volume, Kil0tons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in Kaolin Market

• BASF SE
• EICL Ltd.
• Imerys S.A.
• I-Minerals Inc.
• KaMin LLC
• LB Minerals Ltd.
• Maoming Xingli Kaolin Co. Ltd.
• Quazwerke GmbH
• Sibelco
• Thiele Kaolin Company

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.

Polylactic Acid Market Estimated To Flourish By 2030: Grand View Research Inc.

 Polylactic Acid Market Growth & Trends

The global polylactic acid market size is expected to reach USD 2,772.93 million by 2030, registering a CAGR of 21.4% over the forecast period, according to a new study by Grand View Research, Inc. Rising environmental concerns, improving awareness among consumers, and stringent government regulations are contributing to eliminating the use of non-biodegradable plastics, which, in turn, is driving the growth of the polylactic acid (PLA) market. Polylactic acids are bio-sourced, and break down faster as compared to petroleum-based plastics. Due to their decreased carbon footprint, they get preference over traditional plastics. The rising emphasis on sustainable products is a key factor driving the growth of the flexible packaging industry, which is expected to result in reduced consumption of petroleum-based products and a shift toward bio-based alternatives.

Moreover, PLA is increasingly being used to manufacture single-use packaging materials that include shopping bags and disposable cutlery, which is likely to boost its demand over the forecast period. PLA is an environmentally friendly alternative to traditional plastics, notably in flexible and rigid packaging applications, as it is bio-based, compostable, and biodegradable. Bioplastics are expected to witness significant growth in their demand in the market. Rising demand for flexible packaging in various countries, including India, Saudi Arabia, China, Japan, and Germany, is further expected to fuel the demand for PLA.

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Polylactic Acid Market Report Highlights

• North America dominated the global market in 2023. The North America regional market is characterized by strong demand for sustainable products
• The demand for bioplastics in North America is expected to be spurred by initiatives by the U.S. Department of Agriculture for promoting eco-friendly products
• Asia Pacific is expected to grow at the fastest CAGR of 22.2%, in terms of revenue, over the forecast period. The regional market is primarily driven by the growing product demand from key industries including automotive & transportation, electronics, textile, packaging, appliance, and medical
• Packaging dominated the end-use segment with a revenue share of over 36.0% in 2023. The growing demand for packaged foods, including frozen meals, cake mixes, and snack foods, is expected to increase the requirements for flexible packaging, thereby augmenting the growth of the packaging industry in the coming years
• In March 2023, Toyota Boshoku Corp. announced a $54.4 million investment in its Jackson metal stamping facility to enhance production. This expansion will result in the emergence of 80 additional employment in Madison County
• The new plant will add 87,000 square feet to TBTN's current Jackson location, allowing the company to arrange its manufacturing activities while also serving Toyota Boshoku America's subsidiary locations

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Polylactic Acid Market Segmentation

Grand View Research has segmented the global polylactic acid market on the basis of raw material, application, end-use, and region:

Polylactic Acid Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Corn starch
• Sugarcane
• Cassava
• Others

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

• Rigid thermoform
• Film & sheets
• Bottles
• Others

Polylactic Acid End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Packaging
• Agriculture
• Automotive & transportation
• Electronics
• Textile
• Consumer goods
• Bio-medical
• Others

Polylactic Acid Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Turkey
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Singapore
  • Malaysia
  • Indonesia
  • Philippines
  • Thailand
  • Vietnam
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates (UAE)
  • South Africa

List Of Key Players in the Polylactic Acid Market

• TotalEnergies Corbion bv
• NatureWorks LLC
• JIANGSU SUPLA BIOPLASTICS CO., LTD.
• Futerro
• COFCO
• Jiangxi Keyuan Biopharm Co.,Ltd.
• Shanghai Tong-jie-liang Biomaterials Co.,LTD.
• Zhejiang Hisun Biomaterials Co., Ltd.
• BASF SE
• Danimer Scientific
• Mitsubishi Chemical America, Inc.
• UNITIKA 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.

Chromatography Resin Market Major Key Players And Latest Trend Analysis Till 2030: Grand View Research Inc.

 Chromatography Resin Market Growth & Trends

The global chromatography resin market size is expected to reach USD 3.94 billion by 2030 and expand at a CAGR of 6.8% according to a new report by Grand View Research, Inc. The growth is majorly driven by constantly increasing need for drug development activities for the production of biopharma and biological products for diagnostics.

Chromatography technique is used in therapeutic drug monitoring, which is used when a patient is on toxic medication to analyze the blood and urine levels. Tests such as blood, urine, stool, and umbilical cord on a regular basis are beneficial to ensure that the patient is taking an appropriate dose of medication. These technique helps companies develop and manufacture biological pharmaceutical tools to achieve safety and quality of active ingredients.

In North America, the pharmaceutical industry has been advancing for years and has grown at a faster rate, resulting in booming demand for ion exchange chromatography resin. Additionally, high healthcare spending and the presence of major pharmaceutical market leaders in the U.S. is the main driver of the chromatography resin market in the North America region.

Some of the key players operating in the industry are constantly undertaking initiatives to develop more effective and innovative products in an attempt to strengthen their position in the global market. In Covid-19 pandemic the chromatography resin manufacturers including Purolite, TriAltus Biosciences, and Avantor were majorly engaged in R&D activities for new product development. For instance, TriAltus Biosciences, a developer of innovative tools for protein purification developed novel CL7/Im7 system a protein purification technology. This technology was developed to aid the cancer institute for Covid-19 vaccine development.

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Chromatography Resin Market Report Highlights

• The Asia Pacific chromatography resin market is witnessing high economic growth across major regional countries such as China, India, and Japan among others is likely to boost the market growth.
• In terms of technique, the ion exchange technique segment dominated the market with a revenue share of 43.0% in 2023.
• Based on type, the natural segment dominated the market with a revenue share of 51.1% in 2023.
• The pharmaceutical & biotechnology segment dominated the market with a revenue share of 83.1% in 2023.
• North America region dominated the market with a revenue share of 33.1% in 2023. This high share is attributed to the growing demand for drug discovery to control diseases globally such as Ebola, Zika, and others.
• The Asia Pacific chromatography resin market is witnessing high economic growth across major regional countries such as China, India, and Japan among others is likely to boost the market growth.

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

Chromatography Resin Market Segmentation

Grand View Research has segmented the global chromatography resin market report based on type, technique, end-use, and region:

Chromatography Resin Type Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)

• Natural
• Synthetic
• Inorganic

Chromatography Resin Technique Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)

• Ion Exchange
• Affinity
• Hydrophobic Interaction
• Size Exclusion
• Mixed Mode
• Others

Chromatography Resin End?use Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)

• Pharmaceutical & Biotechnique
• Food & Beverage
• Water & Environmental Analysis
• Other End-Uses

Chromatography Resin Regional Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)

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

List of Key Players in the Chromatography Resin Market

• Merck KGaA
• Bio - Rad Laboratories, Inc.
• WIPRO GE HEALTHCARE PVT LTD
• Purolite
• GRACE
• Mitsubishi Chemical Holdings Corporation.
• Danaher

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.

Gelatin Market Expected to Succeed in CAGR of 10.1% by 2030

 Gelatin Market Growth & Trends

The global gelatin market size is expected to reach USD 13.14 billion by 2030, registering at a CAGR of 10.1% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the growing inclusion of gelatin in functional as well as convenience food products around the world.

Gelatin is majorly used in food and beverage products, along with its application in healthcare, cosmetics, and many other applications. The increasing product demand from food & beverage sector for functional food & beverages application is projected to drive the market. In addition, the demand for immunity booster supplements saw a sharp rise after the outbreak of the COVID-19 pandemic. This trend is expected to continue and thus likely to positively impact the market positively for functional food over the forecast period.

The future development of the market is highly characterized by the increasing use of the product for encapsulating pharmaceuticals and nutraceuticals. Moreover, rising demand for nutraceuticals to address health issues, such as deficiency of essential minerals and vitamins, is expected to augment the market progress over the forecast period.

Due to the disruption of supply chains after the outburst of the COVID-19 pandemic, there was a shortage of raw materials which are used in the production of gelatin, which impacted the profitability of small-scale and large-scale manufacturers across the globe at the beginning of 2020. However, food & beverage industry being essential, witnessed a positive market growth across regions, and thus positively impacting the market growth. 

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Gelatin Market Report Highlights

• Marine source witnessed the fastest growth rate of 11.1%, owing to the increasing popularity of marine, especially fish sourced products, as an alternative to traditional bovine and porcine based products due to the high concentrations of amino acids and protein in it
• Food & beverages application dominated the market with the highest revenue share of 56.7% in 2023, due to the growing awareness among consumers regarding healthy and nutritious diets coupled with increasing disposable income, which is expected to augment the demand for energy drinks and processed foods, which, in turn, is expected to fuel the demand for gelatin as a supplement in food & beverages application
• The use of gelatin in various functional beverages witnessed a high growth rate of 11.2%, owing to the increasing consumption of functional beverage products globally coupled with the vast product applicability in these beverages
• Gelling agent function witnessed the fastest growth of approximately 10.6%, on the account of increasing demand for food-containing gelling agents such as gelatin desserts, aspic, trifles, marshmallows, candy corn, peeps, fruit snacks, gummy bears and jelly bellies among consumers globally
• Asia pacific region of the global market witnessed the highest growth of more than 10.9%, this is attributable to the presence of numerous product manufacturers coupled with the availability of raw materials on a large scale

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Gelatin Market Segmentation

Grand View Research has segmented the global gelatin market report based on source, function, type, application, and region:

Gelatin Source Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

• Animal Source
  • Bovine
  • Porcine
  • Poultry
  • Marine
  • Others
• Plant Source
  • Agar-Agar
  • Carrageenan
  • Locust Bean Gum
  • Others

Gelatin Function Outlook (Revenue, USD Million; Volume, Kilotons; 2018 - 2030)

• Stabilizer
• Thickener
• Gelling Agent
• Others

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

• Type A
• Type B

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

• Food & Beverages
  • Functional Foods
  • Meat Processing
  • Functional Beverages
  • Dietary Supplements
  • Confectionery
  • Desserts
• Healthcare
• Cosmetics
• Others

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

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
  • Portugal
  • The Netherlands
  • Switzerland
  • Poland
• Asia Pacific
  • China
  • Japan
  • India
  • Indonesia
  • Vietnam
  • Thailand
  • Philippines
  • Australia
  • New Zealand
• Latin America
  • Brazil
  • Mexico
  • Ecuador
  • Peru
  • Bolivia
  • Chile
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Turkey
  • UAE
  • Qatar
  • Israel

List of Key Players of Gelatin Market

• GELITA AG
• Rousselot
• PB Leiner
• STERLING GELATIN
• Weishardt Holding SA
• Junca Gelatines SL
• Nitta Gelatin, Inc.
• PAN Biotech GmbH
• Shanghai Al-Amin Biotechnology Co., Ltd.
• Tessenderlo 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.

Endoscopes Market is Estimated to Progress at a CAGR of 8.9% During The Forecast Period: Grand View Research Inc.

 

Endoscopes Market Growth & Trends

The global endoscopes market size is expected to reach USD 37.1 billion by 2030, registering a CAGR of 8.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing awareness levelsabout minimally invasive surgical procedures and the increasing prevalence of chronic disorders are the major factors accelerating the market growth. The benefits, such as less surgery-related blood loss, no muscle cutting, and quicker recovery, offered by minimally invasive surgeries boost the adoption of endoscopic procedures over traditional/open invasive surgeries. In addition, advancement in endoscopic technology and rapid increase of its application to diagnose and treat various diseases are other key factors anticipated to propel the market growth over the forecast years. The flexible endoscopes product segment dominated the market in 2023.

This is attributed to the high demand for these devices considering their unique features, such as the ability to reach viscera and cavities, better safety and efficiency, and improved ergonomic features. These devices are most commonly used in several endoscopic procedures, such as esophagogastroduodenoscopy (EGD), bronchoscopy, sigmoidoscopy, laryngoscopy, pharyngoscopy, nasopharyngoscopy, rhinoscopy, and colonoscopy procedures, which supports the product demand and segment growth.

In 2023, the outpatient facilities end-use segment dominated the market. Increasing adoption of endoscopes across outpatient facilities such as ambulatory surgery centers and diagnostic clinics for the early diagnosis and detection of several life-threatening diseases is supporting the segment growth. In addition, the introduction of keyhole endoscopic surgeries with minimal discomfort and faster recovery time also boosts the segment growth. In addition, North America held the largest revenue share in 2023 owing to its better healthcare infrastructure, high preference for minimally invasive surgical procedures among individuals, and quick adoption of advanced technologies. The increasing burden of functional gastrointestinal disorders and cancer is anticipated to further propel market growth in this region. For instance, as per the data reported by the National Cancer Institute, in 2020, over 1.8 million new cancer cases were estimated to be diagnosed in the U.S.

Several industry consolidation activities, such as mergers & acquisitions, and partnerships have resulted in a strong market share of the global market. Manufacturers in the market are also focusing on launching new endoscopes with advanced features as per patients’ requirements, to enhance their market share and consumer base. For instance, in January 2021, Karl Storz SE & Co. KG announced the launch of Image 1 S Rubina, which combines multimode fluorescence imaging with 4K resolution for endoscopy procedures. The toggling between white light and fluorescence modes allows surgeons to set it per surgical needs.

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Endoscopes Market Report Highlights

• Based on product, the flexible endoscopes segment held the largest revenue share in 2023 owing to its unique features, such as the ability to reach viscera & cavities, better safety & efficiency, and improved ergonomic features
• In terms of end-use, the outpatient facilities segment held the largest revenue share in 2023 due to widespread adoption of keyhole or minimal invasive surgeries across these facilities
• North America dominated the market in 2023 owing to various factorsincluding the increasing burden of functional gastrointestinal disorders, improved healthcare infrastructure, and the growing preference for minimally invasive surgeries to curb healthcare spending.

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Endoscopes Market Segmentation

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

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

• Endoscopes
  • Rigid Endoscopes
    • Laparoscopes
    • Arthroscopes
    • Ureteroscopes
    • Cystoscopes
    • Gynecology Endoscopes
    • Neuroendoscopes
    • Bronchoscopes
    • Hysteroscopes
    • Laryngoscopes
    • Sinuscopes
    • Otoscopes
    • Sigmoidoscopes
    • Pharyngoscopes
    • Duodenoscopes
    • Nasopharyngoscopes
    • Rhinoscopes
  • Flexible Endoscopes
    • Laparoscopes
    • Arthroscopes
    • Ureteroscopes
    • Cystoscopes
    • Gynecology Endoscopes
    • Neuroendoscopes
    • Bronchoscopes
    • Hysteroscopes
    • Laryngoscopes
    • Sinuscopes
    • Otoscopes
    • Sigmoidoscopes
    • Pharyngoscopes
    • Duodenoscopes
    • Nasopharyngoscopes
    • Rhinoscopes
    • Colonoscopes
  • Disposable Endoscopes
    • Laparoscopes
    • Arthroscopes
    • Ureteroscopes
    • Cystoscopes
    • Gynecology Endoscopes
    • Neuroendoscopes
    • Bronchoscopes
    • Hysteroscopes
    • Laryngoscopes
    • Sinuscopes
    • Otoscopes
    • Sigmoidoscopes
    • Pharyngoscopes
    • Duodenoscopes
    • Nasopharyngoscopes
    • Rhinoscopes
    • Colonoscopes
  • Capsule Endoscopes
  • Robot Assisted Endoscopes

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

• Hospitals
• Outpatient Facilities

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

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

List Of Key Players Endoscopes Market

• Olympus Corporation (Olympus)
• PENTAX Medical
• Ethicon (Johnson & Johnson, Inc.)
• FUJIFILM Holdings Corporation
• Stryker
• Boston Scientific Corporation
• CONMED Corporation
• Karl Storz GmbH & Co., KG
• Richard Wolf GmbH
• Medtronic

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.

Healthcare IT Market Projected To Be Worth $644.9 Billion By 2030: Grand View Research Inc.

 

Healthcare IT Market Growth & Trends

The global healthcare IT market size is expected to reach USD 166.0 billion by 2028 and is expected to grow at a CAGR of 10.7% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand and adoption of preventive care along with increasing funding for various mobile health startups is boosting the market growth. In addition, growing network coverage and rising improvements in network infrastructure are further driving the market.

The Covid-19 pandemic has also boosted the demand for online or virtual medical consultancy, globally, owing to the developments and innovations in internet-based technologies, the growing prevalence of chronic diseases, and increasing adoption and positive consumer behavior pertaining to newer technologies in healthcare. According to a 2020 survey conducted by Deloitte, the pandemic propelled the adoption of virtual health. For instance, the percent of consumers or respondents utilizing virtual visits increased from 15% in 2019 to 19% in the initial months of 2020 and a sudden spike of around 28% was witnessed in April 2020. Thus, such instances are likely to support market growth in the coming years.

In 2020, the Electronic Health Records (EHRs) application segment dominated the global market accounting for a revenue share of over 40%. This growth was attributed to the surge in demand for streamlining EHR, EHR-integrated tools, and advancements in information technology. Furthermore, the segment is estimated to retain its leading position throughout the forecast years due to factors, such as growing awareness and adoption in healthcare facilities, strategic initiatives by key players in the healthcare IT space, and an increasing number of initiatives supporting its implementation. For instance, in 2020, Cerner announced the launch of its first virtual EHR implementation in Macon Community Hospital, Tennessee.

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Healthcare IT Market Report Highlights

• The market is anticipated to witness significant growth over the forecast period owing to the rising demand and adoption of preventive care
• North America dominated the global market in 2020 and will grow further at a steady CAGR from 2021 to 2028
• This growth is credited to the rising adoption and implementation of IT services and solutions by healthcare providers for delivering enhanced patient care at lower expenses
• Moreover, the increasing number of hospitals, advanced research centers, and universities along with the presence of key manufacturing hubs in North America will support the market growth in the region

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Healthcare IT Market Segmentation

Grand View Research has segmented the global healthcare IT market on the basis of application and region:

Healthcare IT Application Outlook (Revenue, USD Million, 2016 - 2028)

• Electronic Health Records (EHRs)
• Computerized Provider Order Entry Systems (CPOE)
• Electronic Prescribing Systems
• PACS
• Laboratory Information Systems
• Clinical Information Systems
• Tele-healthcare

Healthcare IT Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Healthcare IT Market

• Philips Healthcare
• Agfa Healthcare
• Hewlett-Packard Enterprise
• Carestream Health
• GE Healthcare
• E-MDS, Inc.
• Athenahealth, Inc.
• eClinicalworks
• McKesson Corporation

About Grand View Research

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

Industrial Fasteners Market Witness Excellent Revenue Growth During 2024-2030: Grand View Research Inc

 

Industrial Fasteners Market Growth & Trends

The global industrial fasteners market size is expected to reach USD 131.28 billion by 2030, registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by factors such as the increasing population, significant investments in the construction industry, and rising demand in industries such as aerospace and automotive.

Industrial fasteners are available in two major types: metal and plastic. Metal fasteners dominated the industry; however, the product is expected to witness lower growth as compared to its counterpart owing to the increasing penetration of materials such as plastic in applications such as aerospace and automotive on account of their high corrosion resistance and lightweight characteristics.

The global market is highly competitive owing to the presence of a large number of manufacturers. A major challenge faced by the competitors is the fluctuation of raw material prices; hence, a high degree of backward and forward integration is likely to be observed among the major players. This will further intensify the market rivalry and competition, making it difficult for emerging players to sustain themselves in the market.

The demand for industrial fasteners is directly influenced by the growth of the building and construction industry and product penetration. Asia Pacific is expected to witness the highest growth over the forecast period owing to the rapid expansion and magnitude of the construction industry in countries such as India and China. The growing population and high investments in the construction sector are the key factors driving the construction industry in these countries, which, in turn, is projected to boost industry growth over the forecast period.

Major industrial fastener manufacturing companies are established in North America and Asia Pacific; as a result, the shortage of global supply for industrial fasteners provides a great business opportunity for players in these regions. Asia Pacific is expected to be the preferred market for fastener manufacturers owing to high product demand, coupled with the lower costs associated with raw materials, labor, land, and power.

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Industrial Fasteners Market Report Highlights

• Externally threaded fasteners accounted for the highest revenue share in 2023. High investments in the region's agriculture, construction, and mining sectors are expected to propel the demand for heavy equipment such as material handling, excavation, drilling, hauling, paving, grading, and lifting machinery. This, in turn, is likely to propel the demand during the projected period
• Metal fasteners account for the largest market share of over 90% in 2023. They offer high mechanical strength and impact resistance and are less susceptible to harsh conditions such as high temperature and pressure, which is expected to drive the demand over the forecast period
• Asia Pacific is the fastest-growing region in the world, accounting for more than 44% of the market share in 2023 owing to the growth in the infrastructure sector in the Asia Pacific region. Furthermore, automotive, industrial machinery, and electronic applications will drive the regional market for industrial fasteners
• The automotive segment accounted for the largest revenue share in 2023. High production volumes of automotive vehicles across Asia Pacific have been driving the industry over the past few years. Metal has been dominating the segment over the past few decades. However, the rising popularity of plastic fasteners owing to their lightweight and low cost is expected to drive the industry
• The market is highly competitive and consists of several global and regional players. Opportunities for new players are anticipated as the need for creative and application-specific fastener designs rises. Rising raw material costs and high volume production by established competitors are anticipated to be major obstacles for new entrants.

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Industrial Fasteners Market Segmentation

Grand View Research has segmented the industrial fasteners market on the basis of on raw material, product, application, distribution channel, and region:

Industrial Fasteners Raw Material Outlook (Revenue, USD Million; 2018 - 2030)

• Metal Fasteners
• Plastic Fasteners

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

• Externally Threaded Fasteners
• Internally Threaded Fasteners
• Non-threaded Fasteners
• Aerospace Grade Fasteners

Industrial Fasteners Application Outlook (Revenue, USD Million; 2018 - 2030)

• Automotive
• Aerospace
• Building & Construction
• Industrial Machinery
• Home Appliances
• Lawns And Gardens
• Motors And Pumps
• Furniture
• Plumbing products
• Others

Industrial Fasteners Distribution Channel Outlook (Revenue, USD Million; 2018 - 2030)

• Direct
• Indirect

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

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

List of Key Players in the Industrial Fasteners Market

• Arconic Fastening Systems and Rings
• Acument Global Technologies, In
• ATF, Inc.
• Dokka Fasteners A S
• LISI Group - Link Solutions for Industry
• Nippon Industrial Fasteners Company (Nifco)
• Hilti Corporation
• MW Industries, Inc.
• Birmingham Fasteners and Supply, Inc.
• SESCO Industries, Inc.
• Elgin Fasteners Group LLC
• Rockford Fasteners, Inc.
• Slidematic
• Manufacturing Associates, Inc.
• Eastwood Manufacturing
• Brunner Manufacturing CO., Inc.
• Decker Industries Corporation
• Penn Engineering & Manufacturing Corporation
• EJOT
• Illinois Tool Works, Inc.
• Stanley Black & Decker, Inc.
• KOVA Fasteners Pvt. Ltd.
• Standard Fasteners Ltd.
• Precision Castparts 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.