RFID Technology Market Is Expected To Grow At A CAGR OF 14.7% From 2014 To 2025: Grand View Research, Inc.

The global radio frequency identification (RFID) technology market is estimated to reach USD 40.5 billion by 2025, according to a new report by Grand View Research, Inc. The industry is expected to witness a steady growth owing to the increasing demand from the retail sector and the healthcare industry.

RFID technology has been in use for several years now; however, the recent growth in its applications across a wide set of industries, such as retail, transport, medical, and defense, among others, has spurred its adoption. The retail industry is at the forefront and has witnessed its technological reconnaissance with the use of RFID tags. An interesting fact of the retail sector is the way it has successfully passed on the benefits of the technology to other industries in the supply chain with the help of the mandates.

An important aspect of the RFID technology market is the varying nature of manufacturing and evidently the related costs. The past decade has seen a considerable reduction in the production costs with the advent of many new technologies such as printing and ink-jet. As the vendors benefit from these trends in the market, the increasing penetration of cost-to-volume benefits is expected to perpetuate to the end users.

RFID devices are anticipated to witness a surge in demand as the technological proliferation has led to an extensive use of smart cards, access control, and other NFC applications. In addition, the use of Ubiquitous Sensor Networks (USNs) and many short-range wireless communications, such as WiFi and Zigbee, is expected to help in the RFID market growth. To sum up the trends in the market, the RFID industry is anticipated to witness a healthy growth in the coming years with technology, cost, and size fueling its rapid deployment.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/radio-frequency-identification-rfid-technology-market

Further key findings from the report suggest:

  • Government and industry specific mandates are expected to play a vital part in the deployment of RFID devices.
  • The key focus of industry veterans is RFID tags while emphasis laid on frequency bands and size optimization.
  • Numerous research and development activities are being carried out as the industry participants vie for the technological edge.
  • The impact of global technology trends, such as Internet of Things (IoT) and wearables, is prominent on the market and is expected to define the industry’s direction for the next decade.
  • The industry is fragmented in nature and there are several regional and global players operating in the market at various levels of the value chain.

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Grand View Research has segmented the Radio Frequency Identification (RFID) technology market on the basis of products, frequency, application, and region:

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

  • RFID Tags
  • RFID Readers
  • Middleware

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

  • Low Frequency
  • High Frequency
  • Ultra-high frequency

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

  • Retail
  • Financial Services
  • Healthcare
  • Industrial
  • Government
  • Transport & Logistics
  • Others

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

  • North America
    • S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • South America
    • Brazil
  • 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 information visit – www.grandviewresearch.com

 

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Fire Safety Equipment Market Size To Represent USD 43.60 Billion Opportunity Globally by 2022: Grand View Research, Inc.

The global fire safety equipment market is expected to reach USD 43.60 billion by 2022, according to a new report by Grand View Research, Inc. Emerging technologies such as wireless sensor networks coupled with stringent safety regulations across the globe resulting in extensive use of advanced devices is expected to play a vital role in augmenting demand over the next seven years.

Stringent enforcement of building and safety codes are expected to increase penetration of these devices in infrastructure and construction segment. Growing adoption of advanced detection technologies and environment-friendly suppression agents is projected to play a vital role in shaping market dynamics.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/fire-safety-equipment-market

Growing use of fire safety equipment in critical mass transportation infrastructure such as airports and intelligent transportation systems is expected to open new avenues for industry growth. Radically growing commercial sector, rapid industrialization and growing overall real estate industry in the developing countries is anticipated to fuel the demand.

However, the inconsistent enforcement of these codes is challenging manufacturers across the globe. Additionally, the rising maintenance and replacement services can hinder industry demand.

Read our blog on fire safety equipment market – http://www.grandviewresearch.com/blog/fire-safety-equipment-industry

Further key findings from the report suggest:

  • The fire detectors market has significant growth opportunities owing to continuous innovations in smart home automation related applications. The industry is estimated to grow at a CAGR of over 7.5% by 2022. Further, increased adoption of safety standards and norms in industrial sectors such as power, oil & gas and transportation are also anticipated to fuel their demand.
  • The demand for fire suppression equipment across industrial applications is estimated to grow at a CAGR of over 9.0% from 2015 to 2022. Oil & gas is the primary field responsible for the expansion of these devices on a large scale. Rising investment of companies for safeguarding the infrastructure and reducing the loss of property and life across different commercial applications is estimated to further propel demand across the commercial sector.
  • Asia Pacific fire safety equipment market is estimated to grow at a CAGR of over 12.5% from 2015 to 2022. Growing economy combined with expanding construction sector offers a strong platform for investments across the region. Rising number of fire accidents across countries such as China, India are highlighting the need for better safety standards across varied commercial segments. Additionally, growing number of SMEs and enterprises are also anticipated to propel market growth
  • Key industry participants include Honeywell International, Tyco International, Bosch GmbH, Siemens Building Technologies and United Technologies.

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Embedded Systems Market To Be Driven By Growing Adoption And Evolution Of The Internet Of Things (Iot) Till 2020: Grand View Research, Inc.

The global embedded systems market is expected to reach USD 214.39 billion by 2020, according to a new study by Grand View Research, Inc. Favorable regulatory scenario for installation of smart devices such as smart meters is expected to drive global embedded system demand over the forecast period. Growing adoption and evolution of the Internet of Things (IoT) driven by technological advancement is also expected to fuel the industry over the next six years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/embedded-system-market

Increasing demand for end-use industries such as healthcare and consumer electronics is expected to positively impact the embedded systems market. Key requirements for an efficient embedded system include high degree of reliability and responsiveness as well as low cost, since these devices are embedded in safety critical systems. Decreasing prices of microcontrollers, which are a key component of embedded hardware, is expected to give impetus to the market in the coming years.

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Further key findings from the study suggest:

  • Embedded hardware is expected to remain the dominant product segment and accounted for 93.8% of the global market in 2013. It includes Digital Signal Processors (DSP), microprocessors as well as microcontrollers. Embedded software is expected to grow at the fastest rate of 8.1% from 2014 to 2020.
  • Automotive is expected to continue leading the global market; the segment accounted for 20.8% of the overall market share in 2013. This can be attributed to the high electronic content in automotives coupled with growing focus on Hybrid Electric Vehicles (HEV) for energy efficiency. The market for healthcare applications is expected to be the fastest growing, at a CAGR of 7.1% from 2014 to 2020.
  • North America accounted for over 34% of the global market in 2013, and is expected to remain the largest regional market over the next six years. The market in Asia Pacific is marked by the presence of semiconductor fabrication plants such as the Taiwan Semiconductor Manufacturing Company (TMSC); the region also comprises a significant number of skilled professionals. As a result, the market in this region is expected to grow at a CAGR of 6.7% from 2014 to 2020, faster than the global average.
  • Companies operating in the global embedded systems market offer embedded software development as well as hardware such as microcontrollers and microprocessors. Key industry participants include Renesas Electronics, Intel Corporation, Freescale Semiconductor, Infineon Technologies, Atmel Corporation and Samsung Electronics among others.

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Assisted Reproductive Technology Market Size Worth $29.3 Billion By 2022: Grand View Research, Inc.

The global assisted reproductive technology market is expected to reach USD 29.3 billion by 2022, according to a new report by Grand View Research Inc. Growing prevalence of stress and increase in the pollution levels coupled with the changing lifestyle habits including smoking and drinking are expected to drive the assisted reproductive technology market over the forecast period.

Growing incidence rate of male and female infertility due to low sperm count, poor sperm movement, blocked sperm ducts, and fallopian tubes blockage coupled with problems in uterus or cervix, respectively is expected to significantly contribute towards market growth.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/assisted-reproductive-technology-market

Medical tourism is instrumental in facilitating growing demand of assisted human reproductive technology. Although, these technologies are widely used in the developed economies of the U.S. and Canada, entailed high costs render these services unavailable to every patient. Nations are regulated by stringent laws and govern the transactions between surrogates, egg donors, and those who are willing to avail these services.

Countries such as Czech Republic, Israel, South Africa, and Spain offer good fertility options. India and Mexico were among the most technologically and economically viable fertility choices for foreign couples. Success rates as good as other western nations and with less than half the cost, are few factors spearheading regional growth.

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Further key findings from the report suggest:

  • Fresh non-donor was the largest ART market procedure segment in 2014. The fact that fresh eggs and sperms increase the number of successful pregnancies is expected to drive segment growth over the forecast period.
  • Frozen non-donor is identified as the most lucrative segment of assisted reproductive technology industry. It is expected to grow at a CAGR of over 5.5% over the forecast period.
  • North America dominated global demand accounting for USD 8.5 billion in 2014. This is attributed to rising people awareness and acceptance of people towards gametes preservation and donation, government funding for in vitro fertilization, and high usage rate of advanced technologies such as vitrification.
  • Asia Pacific is expected to witness substantial growth over the forecast period owing to increasing prevalence of obesity and average maternal age in the emerging markets of India and China.
  • The Asia Pacific Initiative on Reproduction (ASPIRE) task force of clinicians and scientists are involved in the monitoring and management of fertility and Assisted Reproductive Technology (ART).
  • Key players of the assisted reproductive technology market include Cosmos Biomedical, Origio, European Sperm Bank, Cryolab Ltd., Ovascience, Parallabs, Microm UK Ltd., Irvine Scientific, and Bloom IVF Centre.

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Pentaerythritol Market Is Expected To Grow At A CAGR Of 5.4% From 2014 To 2020: Grand View Research, Inc.

Global Pentaerythritol Market is expected to reach USD 1.85 billion by 2020, according to a new study by Grand View Research, Inc. Strong shift towards the use of pentaerythritol as a substitute for electrical transformer fluid is expected to drive global pentaerythritol market. Growth of key end-use industries such as construction and automotive particularly in emerging markets of Asia Pacific and Latin America is also expected to impact the market growth positively. Overlapping of formaldehyde and acetaldehyde with other key applications and volatile raw material prices are expected to remain key challenges for market participants.

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

Alkyd paints emerged as the leading application segment and accounted for 37.7% of total market volume in 2013. Increasing use of alkyd paints in automotive and construction industries is expected to remain a key driving factor for this segment. Alkyd paint is also expected to witness the highest growth rate of 5.8% over the forecast period. Global pentaerythritol demand for plasticizers is expected to grow at an estimated CAGR of 5.6% from 2014 to 2020.

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Further key findings from the study suggest:

  • Global pentaerythritol market demand was 540.5 kilo tons in 2013 and is expected to reach 781.7 kilo tons by 2020, growing at a CAGR of 5.4% from 2014 to 2020.
  • Asia Pacific was the leading regional market and accounted for 42.5% of total volume in 2013. Increasing construction spending coupled with positive outlook on automotive industry particularly in high growth countries such as China, India and Indonesia is expected to drive the regional pentaerythritol market. Asia Pacific is also expected to witness the highest growth rate of 5.9% from 2014 to 2020.
  • Europe and North America are mature markets for pentaerythritol and are expected to grow relatively slower than other high growth regions. Recovery of automotive industry in the U.S. post the economic recession in 2008-09 is expected to drive the North American pentaerythritol market. Growth of construction industry in Mexico is also expected to complement the regional market growth.
  • Global pentaerythritol market is highly consolidated with top four companies including Perstorp, Hubei Yihua Group, Ercros and Mitsui Chemical accounting for over 50% of total market in 2013. Other companies operating in the global market include Henan Pengcheng Group, Liyang Ruiyang Chemical, U-Jin Chemical and Yunnan Yuntianhua.

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Threat Intelligence Market To Be Driven By Rising Cyber-Crime And Threat Breaches Till 2025: Grand View Research, Inc.

The global threat intelligence market is anticipated to reach USD 12.6 billion by 2025, according to a new report by Grand View Research, Inc. The growing demand for threat intelligence is increasing owing to rise in cyber-crime, threat breaches and growing numbers of sophisticated attacks in leading security conscious sectors. Moreover, the breaches in most of the organizations have a financial or espionage motive which results in disruption of business and has become a major concern for them which is expected to contribute to demand of threat intelligence solutions and services immensely.

Threat intelligence incident forensics is expected to gain traction over the forecast period. The application of incident forensics initiates actionable security during breach through predictive and reactive analysis.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/threat-intelligence-market

Further, its application investigates the root causes of the breach and contains the damage of an attack. An organization lacking to incorporate advanced intelligence system might pose as a key determinant that significantly affects the mass adoption of incident forensics solution.

Organizations are preferring the use of cloud security as the cost incurred in the implementation of the on-premise solutions is high. The cloud-based security adoption is expected to increase in the near future owing to the growing adoption of cloud storage systems. The cloud-based deployment stops the unwanted traffic before it enters the network. Furthermore, it eliminates the requirement of on-premise equipment, which is expected to increase the demand for the product over the forecast period.

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Further key findings from the report suggest:

  • The global threat intelligence market accounted for USD 3,028.9 million in 2016 and is expected to grow at a CAGR of 17.4% from 2017 to 2025
  • The demand for incident forensics is estimated to reach USD 1,254.8 million by 2025 and is expected grow at a high rate over the forecast period.
  • The cloud-based deployment in threat intelligence market is estimated to account USD 1,146.4 million in the year 2016.
  • BFSI emerged as the largest application segment and is estimated to generate revenue over USD 3,282.0 million by 2025.
  • Threat intelligence demand in manufacturing applications is anticipated to witness moderate growth over the forecast period.
  • The Asia Pacific market is projected to witness substantial growth over the next decade owing to growing adoption of threat intelligence solutions on a large scale. The regional market is expected to grow at a CAGR of 21.1% from 2017 to 2025.
  • Key players include IBM Corporation, Dell Inc., Symantec Corporation, Check Point Software Technologies Ltd., accounting for a majority share of the overall market in 2016.

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Plastic Processing Machinery Market To Gain From Increased Demand From Construction Industry In Cables And Floorings Till 2025

The global plastic processing machinery market is expected to reach USD 43.7 billion by 2025, according to a new report by Grand View Research, Inc. The shift in trend towards mechanized packaging for increased efficiency and output is expected to drive demand.

Plastics exhibit superior properties such as flexibility, light-weight, low density, improved barrier resistance, durability, insulation, energy-saving, enhanced weathering, and aesthetic appeal (multitude of colors and metalized finishes). These factors have widened the application scope of processing machinery.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/plastic-processing-machinery-market

Advancements in molding technology have led to the development of complex components such as joints, structural components, brake components, housing units, fuel tanks, suspensions and engine frames.

Introduction of favorable policies by the governments in emerging economies, including China and India, to encourage foreign direct investment and facilitate closer integration with other economies is expected to propel demand. Major automotive OEMs are increasingly incorporating plastic parts and components to reduce gross vehicle weight and subsequently improve the performance and fuel efficiency.

Stringent regulations regarding depletion and recyclability of conventional materials like metal and wood are anticipated to drive greater plastics demand from construction industry in insulation, pipes, cables, floorings, windows and storage tanks among others.

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Further key findings from the report suggest:

  • The global plastic processing machinery demand exceeded 2,700 thousand units in 2016 and is expected to grow at a CAGR of 5.7% from 2017 to 2025
  • Extrusion technologies are used for converting the materials from solid to liquid and then reconstitute the same to a finished product. This technology has gained tremendous popularity owing to low cost, better flexibility, and post-extrusion manipulations
  • Asia Pacific is expected to dominate the regional segment with an estimated CAGR of around 7.4% in terms of volume from 2017 to 2025
  • The industry has witnessed various improvements in the major technologies including injection molding, blow molding and extrusion.
  • Some of the recent developments in injection molding method include dual-shot injection molding, mono-sandwich, water injection technique (WIT) and gas injection technique (GIT) among others.
  • Major participants include The Japan Steel Works, Ltd. (JSW), Arburg, Husky Injection Molding Systems, Sumitomo Heavy Industries, Ltd., Persimmon Technologies Corporation, Milacron Holdings Corporation and Haitian International Holdings Limited and Chen Hsong Holdings Limited
  • Chen Hsong Group announced plans of venturing into highly lucrative Indian plastics industry. In India, the company has announced to open a new facility to assemble processing machines using parts made in the company’s China facilities

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Tight Gas Market To Gain From Increased Usage In Transportation Applications Till 2020: Grand View Research, Inc.

Global tight gas market is expected to reach USD 59.40 billion by 2020, growing at a CAGR of 3.6% from 2014 to 2020. Depleting conventional natural gas reservoirs around the world has prompted the industry to develop unconventional reserves which is expected to remain a key factor driving the market for tight gas. In addition, government support in the form of financial incentives and tax holidays is also expected drive the market over the forecast period. Favorable regulatory scenario in China, coupled with government initiatives to increase tight gas and CBM production is expected to drive market demand over the next six years. However, high costs associated with drilling and completion of tight gas reserves and environmental concerns caused due to hydraulic fracturing are expected to be a key challenge for market participants in the coming years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/tight-gas-industry

Further key findings from the study suggest:

  • Global tight gas production was 11,816.3 Bcf in 2013 and is expected to reach 16,141.5 Bcf by 2020, growing at a CAGR of 4.7% from 2014 to 2020.
  • Power generation emerged as the leading application market for tight gas and accounted for 33.1% of total tight gas produced globally in 2013. Power generation along with being the largest market is also expected to be the fastest growing application market, at an estimated CAGR of 6.2% from 2014 to 2020.
  • North America dominated the global market for tight gas with the U.S. and Canada together accounting for more than 75% of global tight gas produced in 2013. U.S. dominates the North American tight gas market, with revenue estimated at USD 25.92 billion in 2013, expected to grow at a CAGR of 3% from 2014 to 2020. However, government support to push the production of tight gas in China is expected to make Asia Pacific the fastest growing market for tight gas at an estimated CAGR of 13.6% from 2014 to 2020. However, lack of drilling companies operating in Australia and Western Europe to meet the economies of scale has been hampering the production rate.
  • Key companies operating in the global tight gas market include, Anadarko, British Petroleum, ExxonMobil, PetroChina, Royal Dutch Shell, Sinopec and Total SA among some other companies.

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For the purpose of this study, Grand View Research has segmented the global tight gas market on the basis of application and region:

  • Tight Gas Application Outlook (Volume, Bcf; Revenue, USD Billion; 2012-2020)
    • Power Generation
    • Industrial
    • Residential
    • Commercial
    • Transportation

Regional coverage of the database includes:
• North America
• U.S.
• Canada
• Europe
• Russia
• Asia-Pacific
• China
• RoW

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 information visit – www.grandviewresearch.com

 

Smart Coating Market To Gain From Augmented Demand In Automotive And Healthcare Industry Till 2024: Grand View Research, Inc.

The global smart coating market is expected to reach USD 11,676.0 million by 2024, according to a new report by Grand View Research, Inc. The smart coating market is expected to witness a significant growth over the forecasted period owing to the rising demand from key end-user segments including military, aerospace, automotive, and healthcare.

Growing application scope in end-use industries is attributed to superior properties including self-healing, self-cleaning and antimicrobial properties. In Aerospace sector, smart coating have the ability to indicate damage on an aero engine; be used in the composite form to reduce weight of aircrafts; and so on. In addition to the aforementioned industries, the application of the compound in consumer electronics offers high growth potential for the coming years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/smart-coating-market

Growing use of the product in military owing to rising demand for customization including smart self-repair, artificial intelligence, and sensing capabilities is expected to propel growth. The other key end-user segments include construction, healthcare, marine, and so on. The concerns of bio-fouling, microbial attacks, and so on are addressed by the compound in the marine segment. Furthermore, the product helps mitigate maintenance challenges in aerospace industry which is a key driver promoting demand.

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Further key findings from the report suggest:

  • Globally, military and aerospace segments are expected to witness significant growth during the forecast period, growing at CAGRs of over 32% during the forecast period. Rapid demand can be attributed to extensive research activities in this segment undertaken by the U.S military or jointly with other research institutes. The demand from the military segment is primarily for anti-corrosive smart coating.
  • Europe dominated the industry in 2015 with an estimated revenue of USD 289.5 million; this regional market is projected to grow significantly over the coming years owing to growing infrastructure development activities, increasing demand from industries such as automotive, military, healthcare, and consumer electronics.
  • Multilayer coating are the simplest forms of multifunctional coating. This segment is expected to grow higher than the single-layer segment during the forecast period, at a CAGR of over 35%. However, research & development related to improving performance characteristics of single-layer coating owing to its lower product cost is likely to have a positive impact on growth.
  • Asia Pacific is projected to witness the highest growth of over 35% during the forecast period, owing to increasing demand from emerging economies such as India and China. Growing infrastructure development in the region coupled with high manufacturing sector growth is expected to propel demand for the product over the forecast period.
  • Key participants in the industry include BASF SE, DuPont, 3M Company, PPG Industries, Dow Chemicals, and Dow Corning, among others. In recent years, mergers & acquisitions have been the major growth strategies adopted by key players for strengthening their positions in the global market.

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Activated Alumina Market Is Expected To Grow At A CAGR Of 5.4% From 2014 To 2025: Grand View Research, Inc.

The global activated alumina market is expected to reach USD 1.32 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand from key end-use industries, including water treatment and oil & gas, is a key factor driving the growth of activated alumina market growth. In addition, robust growth of the healthcare industry in North America is further fueling the demand over the forecast period.

Activated alumina is a highly porous substance that exhibits tremendous surface area and is used in various end-use industries. The key applications of the product include catalyst, desiccant, fluoride adsorbent, and bio ceramics. The industry is mainly driven by the demand from the water treatment segment due to its ability to be used as an adsorbent for the effective removal of fluoride and other impurities from water. Different types of activated alumina are used in the different application segments depending upon the requirement of the products.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/activated-alumina-market

In terms of revenue, water treatment accounted for the largest share of industry revenues in in 2016, and is anticipated to continue its dominance with a growth rate of 6.2% over the forecast period. Increasing need for waste water and drinking water treatment is expected to drive the growth. The supportive government policies for water treatment are also expected to have positive impacts on the overall segment growth.

The demand for the product is expected to be driven primarily by the end-use industries in Asia Pacific region. Key countries such as China and India have been witnessing significant industrial growth, thereby resulting in the need of effective waste water treatment infrastructure in compliance with existing government regulations and policies. In addition, the increasing population and limited availability of clean drinking water in several parts of the globe have resulted in strong measures by governments to enhance water treatment operations.

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Further key findings from the report suggest:

  • The global activated alumina market is estimated to reach a market size of USD 1,320.2 million by 2025, growing at a CAGR of 5.4%, driven primarily by the increasing use of the product as adsorbents and catalysts in the water treatment and oil & gas industries respectively.
  • Among applications, the fluoride adsorbent segment dominated the industry, accounting for around 30% of the overall industry revenues in 2016. The dominance of this segment is expected to continue during the forecast period, owing to the rapid growth of the water treatment industry, where application of activated alumina as fluoride adsorbent is significant.
  • The water treatment end-use segment is expected to continue its dominance over the forecast period, projected to grow at a CAGR of 6.2%, driven by supportive government policies and increasing investments in water treatment infrastructure for increasing the access to clean and safe water for domestic as well as industrial functions.
  • The Asia Pacific region dominated the overall industry revenues in 2016, and is projected to witness growth to the tune of 6.2% during the forecast period. This growth can be primarily attributed to the growing demand for clean water sources, for catering to the needs of the rapidly growing population as well as industrial sectors in the region.
  • Key players in the industry focus primarily on acquisitions of smaller companies to strengthen their portfolios and positions in the global market. For instance, in January 2017, Axens SA acquired shares of Heurtey Petrochem S.A. with the objective of enhancing their competitive position in the industry.

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