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

 Automotive Foam Market Growth & Trends

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

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

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

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

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

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Automotive Foam Market Report Highlights

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

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Automotive Foam Market Segmentation

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

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

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

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

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

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

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

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

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

List of the Key players in global Automotive Foam Market include

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

About Grand View Research

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

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

 Battery Swapping Charging Infrastructure Market Growth & Trends

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

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

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

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

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Battery Swapping Charging Infrastructure Market Report Highlights

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

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Battery Swapping Charging Infrastructure Market Segmentation

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

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

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

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

• Pay-per-use
• Subscription

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

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

List of Key Players in the Battery Swapping Charging Infrastructure Market

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

About Grand View Research

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

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

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

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

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

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

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U.S. Biopharmaceutical Third-party Logistics Market Highlights

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

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U.S. Biopharmaceutical Third-party Logistics Market Segmentation

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

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

• Cold Chain
• Non-cold Chain

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

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

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

• Specialty Drugs
• Generics
• Plasma Derived Products
• Others

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

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

About Grand View Research

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

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

 Anti-fog Additives Market Growth & Trends

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

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

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

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

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Anti-fog Additives Market Report Highlights

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

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Anti-fog Additives Market Segmentation

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

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

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

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

• Agricultural Films
• Food Packaging Films
• Others

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

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

List of Key Players in the Anti-fog Additives Market

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

About Grand View Research

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

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

 Colombia Hydrogen Generation Market Growth & Trends

The Colombia hydrogen generation market size is expected to reach USD 766.97 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 10.6% from 2022 to 2030. The growth can be attributed to the rising demand for cleaner fuel and increasing governmental regulations for the desulphurization of petroleum products. Hydrogen is an effective energy carrier, which is expected to contribute significantly to its further penetration into newer markets. Colombia’s electricity demand is anticipated to witness an increase of nearly two-thirds of the current demand over the forecast period. Focus on projects related to distributed power & utility is anticipated to bolster the demand for hydrogen generation in the country.

The steam methane reforming segment was dominant in 2021 with a revenue share of 95.21% and is expected to continue leading over the forecast period. Steam methane reforming is a method for producing hydrogen, along with other gases including carbon monoxide and carbon dioxide. The steam methane reforming process is a mature and advanced technology in hydrogen generation. The growing demand for hydrogen generation across Colombia is a crucial driving factor for steam methane reformers technology, as steam methane reforming is the most economical method for hydrogen generation.

Based on application, the ammonia production segment led the market in 2021 with a share of more than 50.0%. The ammonia segment will keep its lead during the forecast period. The future growth of the hydrogen generation industry is anticipated to have steady growth as application cases for hydrogen increase. For instance, the development of a renewable ammonia project near the city of Barranquilla, on Colombia's Caribbean coast, has been agreed to by local power company Alumbrado Público Barranquilla (APBAQ) and Colombian fertilizer manufacturer Monómeros. A 350 MW offshore wind farm supported by Copenhagen Infrastructure Partners will power the manufacturing of ammonia and is anticipated to start producing power in 2026. The Colombian government unveiled an ambitious offshore wind energy program in March. The Caribbean coast holds the majority of the 50 GW potential.

Based on systems, the captive generation segment led the market in 2021. Captive generation of hydrogen is defined as on-site generation that abolishes several problems linked to the conveyance and distribution of hydrogen, and therefore the market is expected to grow substantially. Captive hydrogen production is the most commonly used supply route in Colombia and neighboring countries and the region is engaged with small volumes of merchant hydrogen production. The captive generation segment is expected to keep its lead during the forecast period.

Growing investments in smart “energy-saving” residential and commercial buildings are expected to provide an impetus toward the adoption of hydrogen for energy generation. Hydrogen is a financially viable option to investors as they also comply with federal and environmental regulations, catering to the ever-increasing demand for energy. Factors including shifting trends toward cleaner energy and favorable government regulations are contributing to the development of the market for hydrogen generation in Colombia.

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Colombia Hydrogen Generation Market Report Highlights

• In terms of revenue, the steam methane reforming segment accounted for a prominent share in 2021 and is further expected to witness steady growth over the forecast period
• The ammonia production segment accounted for a leading share of more than 50.0% in terms of revenue in 2021
• Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, The Colombian government has released a Hydrogen Roadmap that lays out the next 30 years (until 2050) for the research, generation, and use of hydrogen as a cleaner energy source and supports Colombia's move toward clean energy
• The Inter-American Development Bank (IDB) provided funding for the development of the regulatory sandbox of this plan, which was created with the assistance of the consulting firm i-deals. The roadmap aims to give Colombia the resources it needs to benefit from the wind and solar energy projects it has been creating, due to a strong regulatory environment that includes significant tax advantages

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Colombia Hydrogen Generation Market Segmentation

Grand View Research has segmented the Colombia hydrogen generation market based on technology, application, and system:

Colombia Hydrogen Generation Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2019 - 2030)

• Steam Methane Reforming
• Coal Gasification
• Others

Colombia Hydrogen Generation Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2019 - 2030)

• Methanol production
• Ammonia Production
• Petroleum Refining
• Transportation
• Power Generation
• Others

Hydrogen Generation Systems Outlook (Volume, Kilo Tons; Revenue, USD Million, 2019 - 2030)

• Captive
• Merchant

List of Key Players in the Colombia Hydrogen Generation Market

• Linde plc
• Air Products and Chemicals, Inc
• Air Liquide
• Messer SE & Co. KGaA
• SOL SpA
• Claind srl
• HYGEAR
• Siemens Energy
• Engie
• Cummins 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.

Biopharma Plastics Market Significant Profits Estimated to be Generated by 2030: Grand View Research Inc.

 Biopharma Plastics Market Growth & Trends 

The global biopharma plastics market size is expected to reach USD 11,290.12 million by 2030, expanding at 11.3% CAGR from 2023 to 2030, according to a new study by Grand View Research, Inc. The rise in global healthcare expenditure for research & development of biopharma plastics is anticipated to drive the market. In addition, the rising demand for biopharmaceuticals, owing to the increasing cases of cancerous patients across the globe, is anticipated to propel the demand for biopharma plastics. 

Plastics are widely used in this industry due to their versatility, durability, and cost-effectiveness. The use of plastics in biopharma applications includes packaging and delivery systems, laboratory equipment, diagnostic devices, and drug delivery devices. 

The global biopharma plastics industry is expected to experience significant growth in the coming years. This growth is driven by factors such as the increasing demand for biopharmaceuticals, the growing prevalence of chronic diseases, and the rise in healthcare expenditure. Additionally, the need for more advanced and innovative packaging and delivery systems for biopharmaceuticals is also expected to drive market growth. 

Moreover, the biopharma industry is increasingly focused on sustainability and reducing its environmental footprint. This has led to a growing demand for biodegradable and recyclable plastics that can be used in biopharma applications. Companies are investing in research and development to create more sustainable plastics that meet the needs of the biopharma industry. 

The biopharma industry is characterized by a high level of research and development activity, as companies invest in developing new drugs and delivery systems. This is driving demand for specialized biopharma plastics that can support this research and development, such as laboratory equipment and diagnostic devices.

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Biopharma Plastics Market Report Highlights

• Asia Pacific accounted for the largest revenue share of 30.67% of the global biopharma plastics industry in 2022 and is expected to continue its dominance over the forecast period. This can be attributed to the increasing R&D and rising demand for high-quality biopharma plastic devices and components from the oncology industry across the region
• Based on application segmentation, syringes accounted for a maximum share of 20.55% in 2022 and are likely to remain dominant over the forecast period. This is attributed to its compatibility with a wide range of biopharmaceutical products, including vaccines, antibiotics, insulin, and other injectable drugs. Moreover, the increasing demand for prefilled syringes to enhance surgical procedures is likely to boost the demand for biopharma plastics for manufacturing syringes
• In the polymer type segmentation, polyvinyl chloride(PVC) dominated the market in 2022, with a market share of 21.56%. This is attributed to the various properties of PVC including flexibility, compatibility, and durability, making it suitable for manufacturing depth filters for stem cell extraction. Due to its versatility, PVC can be easily molded into different shapes and sizes, making it ideal for various applications in the biopharma industry
• In April 2023, PSG Group International, one of the leading global pump, metering, and dispensing-solution company, launched a new biotech brand with the name ‘PSG® Biotech for life science and Biopharma’.

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Biopharma Plastics Market Segmentation

Grand View Research has segmented the global biopharma plastics market based on polymer type, application, and region: 

Biopharma Plastics Polymer Type Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Polyethylene (PE)
• Polypropylene (PP)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyethylene Terephthalate (PET)
• Polyvinyl Chloride (PVC)
• Polytetrafluoroethylene (PTFE)
• Polycarbonate (PC)
• Other

Biopharma Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Protective Wear
• Containers
• Bioreactor Bags
• Syringes
• Depth Filters
• Disposable Medical Connectors
• Others

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

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

List of Key Players in the Biopharma Plastics Market

• BASF SE
• LyondellBasell Industries Holdings B.V.
• SABIC
• LG Chem
• Toray Industries, Inc.
• Solvay
• Dow, Inc.
• DuPont de Nemours, Inc.
• Saint-Gobain Performance Plastics
• Tekni-Plex
• Chevron Phillips Chemical Co., LLC
• Exxon Mobil Corporation
• Formosa Plastics Corporation
• Covestro AG
• TEIJIN LIMITED
• Mitsui & Co. Plastics Ltd.
• INEOS Group
• CHIMEI

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.

Microcarriers Market Will See Strong Expansion Through 2030: Grand View Research Inc.

 Microcarriers Market Growth & Trends

The global microcarriers market size is estimated to reach USD 3.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.6% from 2022 to 2030. The growth of the market is driven by the rising demand of cell-cultured products, the growing burden of diseases worldwide, constant investments for intensive R&D activities to identify and develop new treatments for rare disorders, and the continuous developments in technologies employed in advanced research such as cell-biology.4

Amidst the COVID-19 pandemic, the market witnessed a positive growth. The continuous strive of scientist and researchers to find and develop vaccines for the SARS-CoV2 virus resulted in scaling up of R&D efforts by both healthcare companies and academic institutes. The increased research activities, huge funding, and growing demand of therapeutic products resulted in the growth of the market. Moreover, development of viral vectors based vaccines requires efficient production of viruses which is possible using microcarriers cell-culture. For instance, scientists from University of Copenhagen demonstrated in their research article published in June 2021 that SARS-CoV2 virus was efficiently produced in Vero cells in a single-use bioreactors packed with carrier beads. Findings like these have boosted the COVID-19 vaccine production further propelling market growth.

Moreover, the marketspace is rapidly expanding owing to the high usage of microcarriers as matrix for adherent cell manufacturing and these small spherical beads are used across all scales of commercial production. The increasing demand of innovative therapeutic options such as cell and gene therapy, viral vaccines, and monoclonal antibodies for treatment of malignant and rare diseases has resulted in increase in the biopharmaceutical production capacities. For example, Pfizer Inc., announced in December 2021 that it has invested USD 68.5 million and opened a new facility in North Carolina, USA. With the expansion the company is focused on enhancing its gene therapy capabilities and clinically develops its portfolio for hemophilia A and B, DMD (Duchenne muscular dystrophy), ALS (amyotrophic lateral sclerosis) and many more neurologic, endocrine as well as metabolic diseases. Such increased investments for development of biopharmaceuticals and regenerative medicines are expected to propel the market growth.

Furthermore, cell-biology based research involves exhaustive R&D for developing new therapies. But these efforts require investments for cell lines, media, equipment and other related products for microcarriers culture and thus requires huge influx of money. Institutes and emerging players with budget constraints will limit the cell based research for therapeutics development. Hence, it will decrease the adoption of cell-culture products and restrain the growth. However, government initiatives for novel drug production and collaboration & partnerships with key players can offer investment relief and enhance the market growth.

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Microcarriers Market Report Highlights

• By consumables, the microcarriers beads segment held the largest revenue share in 2021. Presence of key players offering the products along with their continuous usage during bio-manufacturing process drives market growth
• By application, the biopharmaceutical production segment dominated the market in 2021. Increased demand for vaccine during the COVID-19 pandemic and continuous regulatory support for therapeutics boosts the usage of microcarriers during bio-manufacturing, leading to highest segment share
• By end-user, the pharmaceutical and biotechnology companies are the highest revenue generators in microcarriers market in 2021. New drug development programs, intensive R&D pipeline, growing investments for therapeutic products contributes to the revenue generation
• North America region captured the largest share in 2021 for microcarriers market. The major factors for the regional dominance are prevalence of diseases, presence of key market players, high usage of cell based products, and supportive government initiatives
• Asia Pacific region will witness the fastest growth in the microcarriers market during the forecast, due to rising R&D activities, increased domestic demand of biologics and growing economies

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

Microcarriers Market Segmentation

Grand View Research has segmented the global microcarriers market based on consumables, application, end-user, and region:

Microcarriers Consumables Outlook (Revenue, USD Million, 2018 - 2030)

• Media & Reagents
• Microcarrier Beads
  • Collagen Coated Beads
  • Cationic Beads
  • Protein Coated Beads
  • Untreated Beads
  • Others

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

• Biopharmaceutical Production
  • Vaccine Production
  • Therapeutic Production
• Regenerative Medicine

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

• Pharmaceutical & Biotechnology Companies
• Contract Research Organizations & Contract Manufacturing Organizations
• Academic & Research Institutes

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

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

List of Key Players of Microcarriers Market

• Thermo Fisher Scientific, Inc.
• Merck KGaA
• Danaher Corporation
• Sartorius AG
• Corning Incorporated
• Eppendorf SE
• Bio-Rad Laboratories, Inc.
• HiMedia Laboratories Pvt. Ltd.
• denovoMATRIX GmbH

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.

Social Networking App Market To Make Great Impact In The Near Future by 2030: Grand View Research Inc.

 Social Networking App Market Growth & Trends

The global social networking app market is expected to reach USD 310.37 billion by 2030, growing at a CAGR of 26.2% from 2023 to 2030, according to the new report by Grand View Research, Inc. The market growth is attributable to the growing demand for digital marketing services across the globe. Rapidly growing demand for inbound marketing strategies in emerging economies such as China and India is bolstering business growth.

Additionally, the digital revolution across the world is supplementing market growth. Moreover, the surge in the adoption of live streaming-based content apps in North America is propelling market growth. According to Pew Research Center, 68% of U.S. users are accessing Facebook through their mobiles. Rising demand for paid advertising services in the U.K. is anticipated to boost market growth.

Social media is an excessive catalyst to drive the website of personal business. Key players are focusing to provide text-to-speech features for social networking apps. The prime key players are offering multiple language support with an advanced user interface. Multiple companies are providing biometric traits to improve security concerns. Low-latency modes with near-field communication are propelling the market growth.

Apple iOS Store segment will register the highest growth in the forecast period. This can be attributed to the growing demand for virtual social platforms from the consumers of the U.S. and U.K. Additional security concerns and real-time threat notifications features are refueling the business growth. Easy video management, portraits with studio light, and automatic updates are reflecting the significant market growth during the forecast period.

The smartphone segment will register the highest growth in the forecast period, which can be attributed to the growing use of smartphones across the globe. The most popular mobile device worldwide is a smartphone that can run apps and connect to the internet. Social networking apps like Instagram, Facebook, Snapchat, and WhatsApp, among others, are popularly used on smartphones. As internet access and smartphone use expand worldwide, which in turn is boosting the social networking app market growth.

Asia Pacific made the largest contribution in the global social networking app of over 44% share in 2022 due to the rising demand for high-quality snap filters from the consumer the China and India. The rising trend in China to adopt hyperlapse integrations is propelling market growth. The market share of India is driven by the rising demand for voice navigation-based social networking apps.

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Social Networking App Market Report Highlights

• The google play store segment accounted for the highest market share of over 53% in 2022. The growth can be attributed to the increasing number of social networking apps available on the Google Play store.
• The smartphone segment accounted for the highest market share of over 90% in 2022. The segment's growth can be attributed to the growing penetration of smartphones globally. As most of the social networking apps are supported by smartphones with internet access in turn boosting the market growth.
• Advertising segment accounted for the highest market share of more than 64% in 2022. Companies generate most of the revenue from the advertising. Further, advertising on social media apps will help the users in building the brand, improve the conversion rates, reach new customers among others.
• The Asia Pacific regional market is anticipated to hold the largest market share of more than 44% in 2022. The regional growth can be attributed to the growing demand for AI-powered social networking apps for business networking.
• Europe is projected to witness a CAGR of 31.4% from 2023 to 2030. Soaring demand for machine learning based chat services in the U.K. is estimated to escalate the market growth over the forecast period.
• Prominent players of the market include Reddit, Meta, Twitter, Meet Up, Tapebook, Tumblr, Viber, Whisper, Line, and Yubo.

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

Social Networking App Market Segmentation

Grand View Research has segmented the global social networking app market report based on marketplace type, device type, and region:

Social Networking App place Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Google Play Store
• Apple IOS Store
• Microsoft Store
• Others

Social Networking App Device Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Smartphones
• Others

Social Networking App Revenue Source Outlook (Revenue, USD Million, 2017 - 2030)

• Advertising
• In-App Purchase
• Paid App

Social Networking App Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Social Networking App Market

• Reddit
• Meta
• Twitter
• Meet Up
• Tapebook
• Tumblr
• Viber
• Whisper
• Line
• Yubo

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.

Expansion of Enterprise Software Market During 2022– 2030 to Gain Robust Traction: Grand View Research Inc.

 Enterprise Software Market Growth & Trends

The global enterprise software market size is expected to reach USD 517.26 billion by 2030, expanding at a CAGR of 11.5% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The market growth can be attributed to increasing focus of various end-use organizations on digitalizing their business operations, high demand for data-driven decision-making tools, and increasing adoption of cloud computing and data analytics technologies. With enterprise software, organizations are automating various daily tedious tasks, improving their marketing and sales divisions to increase client conversion rates, and modifying business processes to meet evolving market needs. Due to this, demand for enterprise software is expected to increase notably in the forecast period.

The growing number of e-commerce companies and various companies’ preference for enhancing their digital channel interfaces to improve the consumer experience are expected to drive the market in the retail sector. The industry players are strengthening their retail technology solution portfolio to bring innovations in retail-specific enterprise software. For instance, in August 2020, enterprise software provider, Aptean, acquired the product lifecycle management division of retail technology solution company, Aptos. This acquisition will help Aptean expand its cloud-based enterprise software offerings for fashion, luxury, and other retail industries. Moreover, in April 2022, Software AG acquired software services provider, StreamSets for an undisclosed amount. The acquisition will enable Software AG to manage its clients’ data transfer between cloud data platforms, on-premise applications, and other legacy data stores.

Growing demand for enterprise software is encouraging startups to enter this potential industry. The startups are focusing on offering enterprise software at reasonable costs and raising funds to improve their global networks and consumer base. For instance, in March 2022, Locofy.ai, an enterprise software company, raised USD 3 million in a funding round organized by various investing firms such as Boldcap, Golden Gate Ventures, Accel, and January Capital. The company will utilize this funding to expand its software development team and R&D capabilities. Moreover, in July 2022, ElevateHQ, a Business-to-Business (B2B) software provider, raised USD 1.1 million in a funding round of a financial company, Leo Capital. Such an initiative by startups will create a positive outlook for the market in the forecast period.

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Enterprise Software Market Report Highlights

• The enterprise resource planning softwaresegment is anticipated to expand at a CAGR of 10.7% from 2022 to 2030. Increasing supportive initiatives by the government for digital technologies and the high usage of ERP tools for streamlining the business processes for effective resource utilization is expected to fuel the segment growth from 2022 to 2030
• The cloud deployment segment is expected to register a CAGR of 13.6% from 2022 to 2030 owing to advancements in cloud technologies and reasonable subscription plans introduced by market players. The cloud-based enterprise software offers better working flexibility, a creative user interface, and low operating costs, supporting the market trend
• The small and medium enterprise (SMEs) segment is expected to expand at a CAGR of 13.2% from 2022 to 2030. SMEs are notably adopting enterprise software to reduce their maintenance and inventory costs and improve their workflow capability for better internal collaborations
• The healthcare segment is anticipated to expand at a CAGR of 13.6% from 2022 to 2030. Intense competition between pharmaceutical equipment firms, rising focus on improving the remote medical treatment ecosystem, and high growth in the pediatric and geriatric populations are creating a favorable environment for enterprise software in the healthcare sector
• Asia Pacific is expected to register a CAGR of 13.4% from 2022 to 2030 owing to the significant penetration by global market players, remarkable technological advancements in the software industry, and emerging startups in various countries such as India, Singapore, Australia, Japan, and Thailand

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

Enterprise Software Market Segmentation

Grand View Research has segmented the global enterprise software market based on software, deployment, enterprise size, end-use, and region:

Enterprise Software Outlook (Revenue, USD Billion, 2017 - 2030)

• Enterprise Resource Planning (ERP) Software
• Business Intelligence Software
• Content Management Software
• Supply Chain Management Software
• Customer Relationship Management Software
• Others (Marketing, Human Resource Management, Payment Processing)

Enterprise Software Deployment Outlook (Revenue, USD Billion, 2017 - 2030)

• On-premise
• Cloud

Enterprise Software Enterprise Size Outlook (Revenue, USD Billion, 2017 - 2030)

• Large Enterprise
• Small & Medium Enterprise

Enterprise Software End-use Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI
• Retail
• Healthcare
• IT & Telecom
• Government & Education
• Manufacturing
• Others (Transportation, Hospitality, Automotive)

Enterprise Software Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Enterprise Software Market

• Broadcom Inc. (CA Technologies, Inc.)
• Epicor Software Corporation
• Hewlett Packard Enterprise
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• com, Inc.
• SAP SE
• SYSPRO
• Zoho Corporation Pvt. Ltd.

About Grand View Research

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

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

 Payday Loans Market Growth & Trends

The global payday loans market size is anticipated to reach USD 6.8 billion by 2030, registering a CAGR of 3.8% during the forecast period, according to a new report by Grand View Research, Inc. Demand for payday loans is likely to grow owing to advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), and analytics being adopted by payday lenders.

COVID-19 had a negative impact on the payday loans market. According to The Washington State Department of Financial Institution’s, 2020 payday lending report, the total number of payday lending locations in Washington, U.S. reduced by 20.5% from 2019 to 2020. Moreover, the volume of payday loans also saw a reduction. People became cautious spenders owing to the economic slowdown caused by COVID-19. Moreover, some governments, such as the U.S. government, provided relief packages to help people during financially stressful condition, reducing demand for payday loans.

Many payday loan market players offer payday loans online with a simple online application process. It helps them improve the overall customer experience. Moreover, these players use advanced technologies such as AI/ML and analytics to improve the overall process. Some market players, such as the U.S.-based Speedy Cash and Title Max, have mobile applications through which their customers can manage their loans. U.S.-based Enova.com’s Colossus platform is driven by AI/ML-enabled analytics.

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Payday Loans Market Report Highlights

• In terms of type, the storefront payday loans segment accounted for the maximum revenue share of 53.7% in 2021. This can be attributed to the presence of numerous payday lending stores. The online payday loans segment is likely to expand at the highest CAGR of 4.2% during the forecast period. This is due to the digitalization across the Banking, Financial Services, and Insurance (BFSI) sector
• Based on marital status, the single segment dominated the market with a share of 63.7% in 2021 and is also expected to expand at the highest CAGR of 4.0% during the forecast period. This can be attributed to the generally single source of income for the singles, divorced, and widowed parents which are more likely to use a payday loan as compared to married parents. The married segment accounted for a revenue share of 36.3% in 2021 and is expected to develop by a significant CAGR during the forecast period
• Based on customer age, the 31- 40 segments dominated the market with a share of 28.1% in 2021 and are expected to develop by a CAGR of 3.9% during the forecast period. This can be attributed to generally more financial responsibilities for the customers in this age group. The 21-30 segments are expected to develop the highest CAGR of 4.8% during the forecast period
• North America held the largest share of 31.0% in 2021 and is expected to retain its position throughout the forecast period. This can be attributed to the presence of numerous direct payday lenders in the region. Moreover, developed technology infrastructure is aiding the growth of the market in the region. The Asia Pacific region is anticipated to expand at the highest CAGR of more than 5.0% during the forecast period owing to the developing technology infrastructure
• In August 2021, Credit star Group’s subsidiary, Credit star Czech s.r.o, launched Monefit in the Czech Republic. Customers can finance their everyday expenses and purchases with Monefit Credit Line and Monefit Split products. Customers can pay in three installments instead of paying large amounts at once without hidden fees or any interest. This would help Credit star to increase its market share in the region

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

Payday Loans Market Segmentation

Grand View Research has segmented the payday loans market based on type, marital status, customer age, and region:

Payday Loans Type Outlook (Revenue, USD Million, 2017 - 2030)

• Storefront Payday Loans
• Online Payday Loans

Payday Loans Marital Status Outlook (Revenue, USD Million, 2017 - 2030)

• Married
• Single

Payday Loans Customer Age Outlook (Revenue, USD Million, 2017 - 2030)

• Less than 21
• 21-30
• 31-40
• 41-50
• More than 50

Payday Loans Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in Payday Loans Market

• Title Max
• Cash Money
• Check City Online
• Lender
• Fast Loan UK
• Speedy Cash
• GAIN Credit
• Cash float
• Credit star Group
• Payday

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.