Neuromorphic Computing Market Is Predicted To Reach USD 6.48 Billion By 2024: Grand View Research, Inc.

The global neuromorphic computing market size is expected to reach USD 6.48 billion by 2024, according to a new study by Grand View Research, Inc., registering a 20.2% CAGR during the forecast period. Rising demand for artificial intelligence and cognitive and brain robots is acting as a major growth driving factor for the market.

Neuromorphic chips allow users to avail numerous advantages such as high speed, low power consumption, cognitive computing, and optimum usage of memory. In addition, these chips find high application in aerial surveillance, satellite imagery, and audio and signal processing. There has been considerable demand from a wide range of industrial verticals, such as consumer electronics, automotive, robotics, and military and defense.

Major industry players are focusing on development of neural processing units, which can be combined in a processor chip for reverse-engineering of the human brain. Companies increasingly making significant investments in R&D activities pertaining to development of neuroscience and computing before foraying into the industry.

View summary of this report @ www.grandviewresearch.com/industry-analysis/neuromorphic-computing-market

Further key findings from the study suggest:

  • The consumer electronics end-use segment dominated the global neuromorphic computing market, accounting for a share of over 62.0% in 2016. This can be attributed to increasing utilization of brain computers and smart wearable devices
  • North America dominated the market and acquired 34.0% of the total market in 2016. This can be majorly attributed to presence of key neuromorphic chip vendors in the region
  • The signal processing application segment accounted for 30.0% of the global revenue in 2016, owing to increasing demand for processing acoustic and audio signals
  • Key industry participants include Brain Corporation (U.S.); CEA Leti (France); General Vision, Inc. (U.S.); Hewlett Packard (U.S.); HRL Laboratories LLC (U.S.); IBM Corporation (U.S.); Intel Corporation (U.S.); Knowm Inc. (U.S.); Numenta, Inc. (U.S.); Qualcomm Inc. (U.S.); and Vicarious FPC, Inc. (U.S.)
  • Industry vendors are emphasizing on product development for new applications and forming technology alliances to gain a competitive edge in the industry.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global neuromorphic computing market report on the basis of application, end use, and region:

Neuromorphic Computing Application Outlook (Revenue, USD Million, 2016 – 2024)

  • Signal Processing
  • Data Processing
  • Image Processing
  • Object Detection
  • Others

Neuromorphic Computing End-use Outlook (Revenue, USD Million, 2016 – 2024)

  • Consumer Electronics
  • Automotive
  • Healthcare
  • Military & Defense
  • Others

Neuromorphic Computing Regional Outlook (Revenue, USD Million, 2016 – 2024)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • South America
    • Brazil
  • MEA

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Info: www.grandviewresearch.com

 

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Protective Relay Market To Reach $4,025.2 Million By 2024: Grand View Research, Inc.

The protective relay market is expected to reach USD 4,025.2 million by 2024, according to a new report by Grand View Research, Inc. Mounting investments in the transmission & distribution networks to replace the old equipment is expected to be a major factor expected to spur the growth over the forecast period. The intensifying intricacy of electrical systems has made it inevitable to incorporate protective devices for power systems safety. The growing electricity generation capacity to meet the growing population’s electricity demand is estimated to act as a key driver augmenting market demand. Nevertheless, the cost concomitant with the set up & maintenance of these relays is estimated to challenge the industry over the near future.

The global protective relay market is anticipated to witness high growth over the forecast period. This may be accredited to continuous population growth along with the mounting regional power consumption in Asia Pacific. The rising importance of smart grid technology coupled with upsurge in renewable energy projects is expected to further catapult protective relay demand over the next eight years. For instance, after the earthquake and tsunami in 2011, in Japan, the government decided to reduce the energy supply gap by augmenting renewable energy generation.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/protective-relay-market

Further key findings from the report suggest:

  • The medium voltage segment captured over 40% of the total revenue in 2015 and is projected to exhibit a significant growth at a CAGR of over 5% from 2016 to 2024. This can be attributed to their extensive usage in the fortification of structures such as houses, shopping center, hospitals, and warehouses, which require medium voltage power.
  • Feeder protection application segment is expected to gain prominence over the forecast period exceeding a CAGR of 6.0% from 2016 to 2024. This is primarily due to the criticality of the transmission & distribution networks to safeguard the overhead cables required for the electricity transmission
  • Assimilation of protective relays in huge power systems and substations to ensure security & operational safety of the equipment is projected to drive the demand across the power sector over the next few years. The power segment accounted for a significant market share in 2015 capturing over 30% of the entire revenue share in the same year.
  • Asia Pacific emerged as the largest and the fastest growing market accounting for more than 30% of the overall share in 2015. Increasing investments in transmission & distribution infrastructure in China & India is expected to spur the protective relay demand in this region.
  • The key purveyors in this industry comprise Siemens, GE-Alstom, ABB, and Schneider. International players hold a strong foothold in the market making it difficult for the local suppliers to compete.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/electronic-devices

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

Protective Relay Voltage Outlook (Revenue, USD Million; 2014 – 2024)

  • Low
  • Medium
  • High

Protective Relay Application Outlook (Revenue, USD Million; 2014 – 2024)

  • Feeder Protection
  • Generator Protection
  • Bus-Bar Protection
  • Capacitor Bank Protection
  • Breaker Protection
  • Transformer Protection
  • Others

Protective Relay End-Use Outlook (Revenue, USD Million; 2014 – 2024)

  • Infrastructure
  • Industrial
  • Government
  • Power
  • Others

Protective Relay Regional Outlook (Revenue, USD Million; 2014 – 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • Kuwait
    • UAE
    • Bahrain
    • Oman
    • Qatar

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Info: www.grandviewresearch.com

 

Mobile VoIP Market To Boost Rapidly Due To Low Data Rates, Inexpensive Calling Prices And The Presence Of Robust Network Infrastructure Till 2024: Grand View Research, Inc.

The global mobile VoIP market is expected to reach USD 145.76 billion by 2024, according to a new report by Grand View Research, Inc. The transition to packet-switched networks from circuit switch networks is propelling the growth of mobile VoIP market.

The deployment of 4G/LTE is one of the key drivers boosting the industry growth. The increase in the capability of wireless bandwidth services and growing investment by telecom operators in the deployment of a high-speed network is expected to enhance the usage of these services over the forecast period. Moreover, mobile VoIP service eliminates the need for voice plans, text add-ons and achieves flexibility in making unlimited, inexpensive or free calls.

The competition in the mobile VoIP market is intense as several new service providers are focusing on increasing their market presence by offering low-cost services enabling the use of internet-based communication. Mobile VoIP is highly dependent on the reliable high-speed network. However, limited network speed results in interrupted and disruptive communication, which is expected to challenge the industry growth over the forecast period.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/mobile-voip-market

Further key findings from the report suggest:

  • The video conferencing segment is estimated to grow at a CAGR of over 20% from 2016 to 2024. Need for scalable communication methods and growing globalization is driving the demand for video conferencing market. The increasing trend of Bring your Own Device (BYOD) is also contributing to the demand for video conferencing in the corporate sector.
  • The Android OS is estimated to be the dominating segment and is expected to account for over USD 90 billion by 2024. The free availability of this OS is attracting creators for developing low-cost smartphones. Moreover, Android is an open platform, which is enabling application developers to modify the OS as per their needs thereby, boosting the demand for Android-based devices.
  • The European mobile VoIP industry is anticipated to remain the largest over the forecast period. The region is expected to witness significant growth owing to the increasing smartphone users using instant messaging services such as Facebook and WhatsApp. The number of monthly active Facebook users in the region increased from 233 million in September 2015 to 240 million in December 2015.
  • Asia Pacific is expected to be the fastest-growing region, rising at a CAGR of over 23% from 2016 to 2024. Increase in business activity, small and medium enterprises, and rise in start-ups are driving the growth in Asia Pacific market.
  • Key players in the mobile VoIP market include Microsoft Corporation, Facebook Inc., and Vonage Holdings Corporation. The competition in providing VoIP offerings is intense, which is enabling the service providers to offer differentiated products and services.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/communication-services

Grand View Research has segmented the mobile VoIP market on the basis of services, platform and region:

Mobile VoIP Services Outlook (Revenue, USD Billion, 2014 – 2024)

  • Video and voice call
  • Video conferencing
  • Instant messaging
  • Others

Mobile VoIP Platform Outlook (Revenue, USD Billion, 2014 – 2024)

  • Android OS
  • iOS
  • Windows OS
  • Others

Mobile VoIP Regional Outlook (Revenue, USD Billion, 2014 – 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    •  Germany
    •  U.K.
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • MEA

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Info: www.grandviewresearch.com

 

Roofing Chemicals Market Is Expected To Be Valued At USD 146.3 Billion By 2025: Grand View Research, Inc.

The global roofing chemicals market is expected to be valued at USD 146.3 billion by 2025, according to a new report by Grand View Research, Inc. The high demand for efficient waterproofing and weather-resistant & highly elastic roofing solutions in new buildings as well as in the renovation of old buildings is anticipated to boost the growth of the market over the forecast period.

The growing demand for white elastomeric acrylic roof coatings to reduce the internal temperature of poorly ventilated and uninsulated buildings, thereby eliminating the need to investing air conditioning, is projected to propel the market over the forecast period. The wide applications of polyurethane membrane systems in old concrete, timber, built-up felt asphalt, and substrates is expected to be a major driving factor for this segment.

The rising number of R&D activities andmergers & acquisitions carried out by companies, such as The Dow Chemical Company, BraasMonier, GAF Materials Corporation, and Saint-Gobain,to expand their production capacities and operational & manufacturing facilities in the roofing chemicals business is projected to propel the market over the next eight years.

The growing infrastructure in developing and developed economies such as the U.S., China, India, and Germany owing to the significant growth in the global construction industry is projected to drive the market over the forecast period.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/roofing-chemicals-market

Further key findings from the report suggest:

  • The global demand for roofing chemicals was valued at USD 75.5 billion in 2016 and is expected to record a CAGR of 7.7% over the forecast period
  • Asphalt emerged as the largest segment of the market by type and generated revenue of USD 30.41 billion in 2016
  • The growing number of manufacturers and suppliers of asphalt, elastomers, acrylic resins, epoxy resins, and styrene is anticipated to spur market growth over the forecast period
  • Membrane roofing was the significant application segment in 2016 and is anticipated to hold a considerable share in the market over the forecast period
  • Regulations have been provided by the Occupational, Safety & Health Administration(OSHA) in the U.S. for the safety and protection of workers on roofing jobs
  • Asia Pacific is likely to be a significant regional segment over the next eight years, reporting an estimated CAGR of around 8.1%
  • The increasing demand for cool roofs to conserve energy is projected to be a major driver for the regional markets
  • In January 2017, BASF acquired the European building material business of Henkel AG & Co. KGaAenhance its portfolio of construction chemicals
  • Players operating in the roofing chemicals market include BASF SE, The Dow Chemicals Company, E.I. du Pont de Nemours and Company (DuPont), and Saint-Gobain S.A.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/green-building-materials

Grand View Research has segmented the global roofing chemicals market on the basis of type, application, and region:

Roofing Chemicals Type Outlook (Revenue, USD Billion; 2014 – 2025)

  • Acrylic resin
  • Asphalt/ Bituminous
  • Elastomer
  • Epoxy resin
  • Styrene

Roofing Chemicals Application Outlook (Revenue, USD Billion; 2014 – 2025)

  • Membrane roofing
  • Elastomeric roofing
  • Bituminous roofing
  • Metal roofing
  • Plastic (PVC) roofing

Roofing Chemicals Regional Outlook (Revenue, USD Billion; 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
  • Central & South America
    • Brazil
  • Middle East & Africa
    • UAE
    • Saudi Arabia

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Info: www.grandviewresearch.com

 

Polymer Filler Market Size Exceeded USD 45 Billion In 2015 And Is Expected To Reach $62.54 Billion By 2024: Grand View Research, Inc.

The global polymer filler market is expected to reach USD 62.54 billion by 2024, according to a new report by Grand View Research, Inc. the surge in demand for low-density fillers with better impact strength is likely to propel the market growth. Polymer fillers are likely to emerge as a cheaper alternative to costly plastic resins over the forecast period. Increasing demand for low-cost fillers from various end-use industries in both developed and emerging countries such as the U.S., Germany, India, China, etc. is expected to propel the market growth.

Stringent regulations pertaining to automotive pollution has forced automotive manufacturers in the U.S. and Europe to use lightweight materials for manufacturing. Development of novel low-density fillers is expected to propel the market growth.

Inorganic fillers were the leading product segment and accounted for 78.9% of total market volume in 2015. However, organic fillers are expected to witness a brisk growth of 5.6% over the forecast period. Increasing environmental concerns have attracted more industries to opt for organic filers rather than traditional inorganic fillers. Abundant availability along with renewable nature of the natural fibers such as wood, cellulose, etc. is also expected to have a positive impact on the market growth.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/polymer-filler-market

Further key findings from the report suggest:

  • Global Polymer Filler Market demand was 31.75 million tons in 2015 and is expected to reach 49.72 million tons by 2024, growing at CAGR of 5.1% from 2016 to 2024
  • Automotive and building & construction collectively accounted for over 40% of total market volume in 2015. Increasing demand for high strength plastic composites in all these end-use industries is expected to drive the market growth. Automotive is also expected to witness the highest growth of 5.9% over the forecast period.
  • Asia Pacific emerged dominated the global market with demand share exceeding 45% in 2015. Burgeoning building & construction industry along with favorable governmental regulations in India, China, Indonesia, and Thailand is likely to drive the regional market. Increasing demand for lightweight polymer composites in the U.S. is expected to propel the North American market over the forecast period.
  • Key market players include Quarzwerke group, 20 Micron Limited, GCR group, Omya AG, Imerys S.A., Hoffman Minerals, Minerals Technologies, Unimin Corporation, LKAB group. Global polymer fillers industry is fragmented in nature, and the threat of new entrants is high due to lower initial investment. Despite presence of a large number of market players, the value chain is mainly dominated by end-use industries as most of the polymer composites are manufactured considering the application requirements.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/advanced-materials

Grand View Research has segmented the global Polymer Filler Market on the basis of product and end use:

Global Polymer Fillers Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014-2024)

  •   Organic Fillers
    • Natural Fibers
    • Carbon
    • Others
  • Inorganic Fillers
    • Oxides
    • Hydro-Oxides
    • Salts
    • Silicates
    • Metals
    • Others

Global Polymer Fillers End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014-2024)

  • Automobile
  • Building & Construction
  • Electrical & Electronics
  • Industrial Products
  • Packaging
  • Others

Global Polymer Fillers Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014-2024)

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Middle East & Africa
  • Central & South America
    • Brazil

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Info: www.grandviewresearch.com

 

Location Of Things Market Is Expected To Grow At A CAGR Of 34.07% From 2014 To 2025: Grand View Research, Inc.

The global location of things market is expected to reach USD 71.6 billion by 2025, growing at a CAGR of 34.07%,  according to a new study by Grand View Research Inc. The increasing penetration of smartphones and enhanced network connectivity coupled with the increasing demand for personalized services are propelling the market growth.

Location of things is an emerging sub-category of the IoT concept that enables connected devices to monitor and communicate their geographic location. Enabled by IoT sensors and location technologies embedded into various connected devices allows organizations and service providers to collect a variety of data over the network. Over the years, a variety of location-based services has been introduced, such as Google Maps, Uber, Waze, and many others, which have been enabled by the ability of a smartphone to locate itself. Location being the most vital dimension of the data collected allows service providers to provide contextual content for each user.

Advancements in connected wearable devices, connected vehicles, connected homes, smart cities, and Industrial IoT (IIoT) are bound to open extensive market avenues for the location of things market in the coming years. However, issues related to privacy and safety along with universally accepted standards are expected to challenge the industry.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/location-of-things-market

Further key findings from the study suggest that:

  • North America and Europe accounted for the majority share in the location of things market. Advanced infrastructure and accelerated adoption of smart devices along with the presence of major technology players are the key factors contributing to the regional market dominance.
  • Mapping and navigation applications dominated the global location of things market with a share of 32.6% in 2017. The introduction of various applications, such as Google Maps, HERE Maps, and Apple Maps, among others, has enabled a variety of location-based services that have led to the segment growth.
  • The transportation and logistics vertical segment acquired a major share in the location of things market in 2017, which is followed by the manufacturing and industrial segment. The development of connected car technologies and a variety of logistics solutions have enhanced the operational efficiencies and reduced the time-to-delivery for the transportation sector.
  • Asia Pacific is expected to grow at a CAGR of nearly 35.9% over the forecast period. Advancements in technology infrastructure in countries such China, India, Japan, and other developing nations in the region are expected to drive the industry growth in the coming years.
  • Increasing investments in IoT technologies and location-based services are expected to drive the growth of location of things market. Key market players include Google, HERE, Qualcomm, Apple, Pitney Bowes, and Bosch, among others.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the location of things market on the basis of applications, verticals, and regions:

Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Mapping and Navigation
  • Asset Management
  • Location Intelligence
  • Media and Marketing Engagement

Vertical Outlook (Revenue, USD Million; 2014 – 2025)

  • Retail and Consumer Goods
  • Government, Defense, and Utilities
  • Manufacturing and Industrial
  • Transportation and Logistics
  • Healthcare
  • Others

Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Info: www.grandviewresearch.com

 

Immunohematology Market Size Was Valued At USD 1.5 Billion In 2015 And Is Expected To Reach $2.3 Billion By 2024: Grand View Research, Inc.

The global immunohematology market is expected to reach a value of USD 2.3 billion by 2024, according to a new report by Grand View Research, Inc. This expansion is attributed to the increasing cases of trauma and rising number of hospital and trauma care centers facilitating emergency treatments. This creates a need to procure blood to suffice the demand, thus, boosting the market for immunohematology tests and products.Involvement of government organizations and NGOs is vast in this field.

Use of technology is contributing to the growth in the market. Use of mobile applications helps in tracking the blood donation activity of volunteer donors and also reminds them to donate regularly. In April 2016, The Indian Red Cross Society launched an application (app) to facilitate blood banking facility. The app is expected to address the shortage issue in the region. Moreover, in 2011, the first type of this application was launched by Hemo bioscience, Inc., a U.S.-based company. The company made the app available for free for apple users.

View summary of this report @ www.grandviewresearch.com/industry-analysis/immunohematology-market

Further Key Findings From the Study Suggest:

  • Immunohematology reagents dominated the product segment in 2015 due to huge product variety and an increasing number of blood banks procuring these reagents. The innovations in the field are resulting in new product launches and also the efforts are acknowledged at a global level.
  • In December 2013, Sysmex Corporation received the German Design Award for its XN-2000 hematology reagent. Almost 1,900 products were nominated for the award.
  • Hospitals dominated the end-use segment in 2015 due to increasing number of emergency cases because of road accidents and other types of trauma. Governments and investors are increasingly investing in expanding and upgrading emergency departments in hospitals to cater to the growing demand and increase the chances of survival of trauma patients.
  • In 2015, North America dominated the market with a revenue share of more than 40%. In the U.S., there is a patient requiring transfusion every 2 seconds. The daily consumption of blood is approximately 36,000 units per day. This indicates the huge opportunity of growth in this region.
  • Some of the key industry players are Hologic, Inc., Bio-Rad Laboratories, Inc.; Grifols, ThermoFisher, Immucor; Ortho Clinical Diagnostics; BD (Becton Dickinson); Siemens Healthcare GmbH; Abbott; and Beckman Coulter, Inc.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the immunohematology market by product, enduse, and region:

Immunohematology Product Outlook (Market revenue in USD Million, 2013 – 2024)

  • Immunohematology analyzer
  • Immunohematology reagent

Immunohematology End-Use Outlook (Market revenue in USD Million, 2013 – 2024)

  • Hospitals
  • Blood banks
  • Diagnostic laboratories

Immunohematology Regional Outlook (Market Revenue in USD Million, 2013 – 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Info: www.grandviewresearch.com

 

Metal Finishing Chemicals Market Is Expected To Reach USD 13.52 Billion By 2025: Grand View Research, Inc.

The global metal finishing chemical market is expected to reach USD 13.52 billion by 2025, according to a new report by Grand View Research, Inc. Growing passenger car and commercial vehicle production in countries including Spain, France, India, China, Indonesia and Mexico is expected to drive market demand.

The increasing requirement for protection against corrosion is likely to fuel the demand for metal finishing chemicals. In addition, continuous investments in R&D for the development of efficient, cost effective, environment friendly plating technologies by various manufacturers including DOW Chemicals, Atotech Deutschland GmbH is expected to create immense market potential over the forecast period.

Cleaning chemicals is expected to witness the fastest growth at CAGR 5.1% from 2017 to 2025 owing to its rising usage in automotive, construction, industrial, aerospace, electronic & electrical and manufacturing sectors.

Asia Pacific was the third largest market metal finishing chemicals and accounted for 27% of the overall market revenue in 2016 and is anticipated to witness the fastest growth at a CAGR 6.3% owing to increasing automotive manufacturing in various countries including India, China, Indonesia and Thailand. 

View summary of this report @ www.grandviewresearch.com/industry-analysis/metal-finishing-chemicals-market

Further key findings from the report suggest:

  • Plating chemicals were the dominant product segment and accounted for 40.9% of the overall market revenue in 2016 owing to increasing usage in electroplating and electroless plating processes.
  • The demand for metal finishing chemicals in the construction sector is expected to witness reasonable growth at CAGR 4.3% from 2017-2025 owing to the rapid industrialization and growing building & construction sector in emerging economies including China, India and Mexico.
  • North America was the dominant region and accounted for 32.6% of the overall market revenue in 2016 and is anticipated to show substantial growth considering increasing automotive production and growing construction sector in Mexico & U.S.
  • Stringent regulatory framework regarding toxicity of metal finishing chemicals has compelled manufacturers to adopt environment-friendly, sustainable materials & products and switch to greener process chemistries.
  • In May 2017, Atotech developed Nichem HP 1151. This product offers a lead & cadmium free formulation and exhibits improved wear resistance, corrosion resistance and quality.
  • The presence of major players in the market including Atotech Deutschland GmbH, Chemetall (BASF), DOW Chemicals, Platform Specialty Products Corporation, Elementis, Quaker Chemicals, Coventya, Houghton Inc and Advanced Chemical Company is expected to augment industry size.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/specialty-and-fine-chemicals

Grand View Research has segmented the global metal finishing chemicals market on the basis of product, process, application, and region:

Metal Finishing Chemicals Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Plating Chemicals
  • Conversion Coating Chemicals
  • Cleaning Chemicals
  • Others

Metal Finishing Chemicals Process Outlook (Revenue, USD Million, 2014 – 2025)

  • Electroplating
  • Electroless Plating
  • Chemical & Electrochemical Conversion
  • Others

Metal Finishing Chemicals Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Automotive
  • Electrical & Electronics
  • Aerospace
  • Construction
  • Others

Metal Finishing Chemicals Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • Germany
  • Asia Pacific
    • China
  • Central & South America
    • Brazil
  • Middle East & Africa

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Info: www.grandviewresearch.com

 

 

 

Chemoinformatics Market Will Grow Swiftly Based On Surging Prevalence Of Chronic Diseases Till 2024: Grand View Research, Inc.

The global chemoinformatics market is expected to reach over USD 21.18 billion by 2024 according to a new report published by Grand View Research, Inc. Some major determinants influencing the market growth include the constantly improving modern drug development processes, increasing use of in-silico techniques in research, and the advantages associated with employing the chemoinformatics approach, such as the reduction in the overall R&D expenditure during the drug development process.

The ever increasing growth of the drug development market will boost the demand for chemoinformatics owing to its numerous applications in drug designing at various stages. Right from target identification to its development as a potential drug candidate, chemoinformatics tools play a crucial part.

The significant contributions of the varying in silico tools in the generation of hits through the High Throughput Screening(HTS) process, target compound selection, virtual structure generation, Pharmacokinetic property and toxicity prediction of chemical compounds, and the quantitative-structure relationship determination have been a major driving force for the growth of the chemoinformatics market.

The heavy costs incurred along with the long time span invested in the drug discovery process has made the integration of the chemoinformatics techniques essential in the research activities. It aids the scientists and chemical researchers in making better decisions pertaining to drug discovery and other related research studies. Furthermore, the increasing demand for efficient and effective medicines, rising investments in R&D, growing geriatric population, and the burgeoning number of individuals with lifestyle related diseases are expected to positively reinforce the market growth. The key applications of the chemoinformatics tools and softwares in drug designing and discovery has been its largest application and is expected to grow further with further advances in the drug discovery process.

Chemoinformatics has made marked contributions to the areas of chemical drug development and research. The growth of this field is driven by the continually generated raw data in screening operations and research studies. Chemoinformatics in silico tools aid in effective data management, which facilitate data retrieval and analysis thus providing large databases of accessible information to scientists involved in both, the drug development process and other research related studies.

The development of three dimensional chemical structure databases has been a significant achievement in the field of chemoinformatics as it has significantly aided the research process. Applications of chemoinformatics platforms in computer-assisted synthesis designing, computer-assisted structure elucidation, and chemometrics have further contributed to the market growth.

The advancements in computational technology have been a high impact rendering driver for the market growth. In this direction, the development of super computers and silicon graphics computer for calculations, 3D structure generation, molecular graphics, and complex data display have been pivotal in propelling the growth of the chemoinformatics market. With the advent of advanced WEB technologies and their incorporation in the in-silico computational techniques have totally revolutionized this field.

The increasing needs for advanced and efficient technologies to yield better results has made the chemoinformatics area an indispensable part of the pharmaceutical industry. The surging need for therapeutically-effective medicines coupled with the increasing investments in the R&D area and the advancements in computer technologies provide lucrative opportunities to the market for it to grow and flourish in the near future.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/chemoinformatics-market

Further key findings from the study suggest:

  • In 2015, North America dominated the chemoinformatics market with a revenue share of over 36% on account of the following factors:  the high investments pertaining to the R&D initiatives, technological advancements, the presence of major players in the drug manufacturing industry, and the increasing prevalence of lifestyle-related diseases. With respect to the global R&D spending, North America holds the largest share. Also, it holds a major share in the ADME-toxicology market that further spurs the growth of the chemoinformatics market.
  • Asia Pacific is identified as one of the fastest growing regional markets, growing at a lucrative CAGR of 18.3% during the forecast period. The growth of this market can be attributed to the growing research activities being conducted in economies, such as India, China, and Singapore. The key advantages associated with undertaking research activities in these countries include the low manufacturing and labor costs and the less stringent regulations, which attract many multinational players to the Asia Pacific region. Additionally, the government initiatives and funds that are deployed to improve the R&D infrastructure will further drive the market growth.
  • Key players operating in the market include Agilent Technologies, Inc., BIOVIA (Accelrys), Bio-Rad Laboratories, Inc., CambridgeSoft Corp., ChemAxon, Inc., ACD/Labs, Inc., Schrödinger, LLC, and Chemical Computing Group, Inc. Additionally, the rising demand for in-silico techniques in the research sector is expected to provide new market entrants with profitable opportunities thereby driving the market growth.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/healthcare-it

Grand View Research has segmented the chemoinformatics market by applications:

Global Chemoinformatics Market, by Application (USD Billion, 2016 – 2024)

  • Chemical Analysis
  • Drug Discovery
  • Drug Validation
  • Others

Chemoinformatics Market Regional Outlook, by Revenue (USD Billion, 2016 – 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Info: www.grandviewresearch.com

 

 

 

Multiple Sclerosis Therapeutics Market Size Worth $24.8 Billion By 2024: Grand View Research, Inc.

The global multiple sclerosis therapeutics market is expected to reach USD 24.8 billion by 2024 according to a new report by Grand View Research, Inc.

The presence of high unmet clinical needs in developing regions is one of the highest impact rendering drivers of the multiple sclerosis therapeutics market. Many organizations over the globe are actively involved in spreading awareness among people regarding progressive multiple sclerosis and the symptoms associated with it. Some notable examples include the National Multiple Sclerosis Society (NMSS) in the U.S., Multiple Sclerosis International Federation in Canada, European Multiple Sclerosis Platform (EMSP), and the Multiple Sclerosis Society (MSC).

Reimbursement programs are also anticipated to enhance the penetration of multiple sclerosis drugs. For instance, In June 2014, Biogen Idec Canada, announced that its TECFIDERA drug for the treatment of MS is available for reimbursement in British Colombia through B.C PharmaCare.

The introduction of novel therapeutics with minimal dosage requirement and cost-effectiveness is further expected to favor market growth. For, instance Lemtrada by Sanofi needs to be administered 3-5 times per year as compared to Copaxone, which requires daily administration.

View summary of this report @ https://www.grandviewresearch.com/industry-analysis/multiple-sclerosis-therapeutics-market

Further key findings from the study suggest:

  • The dominant drug class segment in 2015 was immunomodulators. Avonex, Betaseron, Copaxone, and Rebif were the key drugs capturing over 75% of market share in 2015.The introduction of Tecifedra, an oral immunomodulatory drug in 2015 has been a major breakthrough in this segment.
  • The declining revenue of Copaxone, Gilenya, Avonex, and Tysabri is forecasted by considering the factors such as limited usage rates of these drugs owing to the availability of highly potent FDA-approved oral drugs, Aubigio and Tecfidera
  • Immunosuppressant,on the other hand, is expected to witness significant growth of over 18.0%. The presence of a strong drug pipeline and its expected commercialization in the coming six years are some factors expected to drive market growth
  • In 2015, the injectable drugs market held the largest share owing to high prescription rates & price
  • North America dominated the overall multiple sclerosis therapeutics market with revenue estimates at over 13.0 billion in 2015. The increasing prevalence of multiple sclerosis, the introduction of new drugs, and high prices of drugs, such as Tysabri and Aubagio in the U.S., are some factors responsible for its dominance.
  • Major companies operating in this market are Biogen Idec, Teva Pharmaceuticals, Bayer Healthcare, Pfizer, Sanofi Aventis, Merck, Novartis, and AbbVie. Market players are upgrading the product portfolio by launching generic versions to sustain its market position. For instance, in 2015, Novartis launched a generic version of Copaxone named Glatopa in the U.S.

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the multiple sclerosis therapeutics market on the basis of drug class, mode of administration, and region:

Multiple Sclerosis Therapeutics market drug class outlook, by revenue (USD Million, 2012 – 2024)

  • Immunomodulators
  • Immunosuppressant

Multiple Sclerosis Therapeutics market mode of administration outlook, by revenue (USD Million, 2012 – 2024)

  • Injectable
  • Infused/Intravenous
  • Oral

Multiple Sclerosis Therapeutics market regional outlook, by revenue (USD Million, 2012 – 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Info: www.grandviewresearch.com