Polyisobutylene Market is expected to pose a challenge to the market over the forecast period

The global polyisobutylene (PIB) market is expected to reach USD 7.71 billion by 2024, according to a new report by Grand View Research, Inc. Rising product use in pharmaceutical industry in emerging markets such as China and India are expected to drive global polyisobutylene market growth over the next eight years.

The rapid growth of the automotive industry in emerging economies of Asia Pacific and Latin America owing to growing demand for automobile and rising disposable income of consumers is expected to drive growth over the forecast period. Growing application scope of polyisobutylene in sealing & caulking compounds and viscosity modifiers on account of superior binding & adhesive properties is likely to augment market growth. In addition, rising use of polyisobutylene in adhesives industry is expected to drive the market demand.

High molecular weight polyisobutylene was the prominent product segment and accounted for a major significant share of market volume. Wide application scope of high molecular weight polyisobutylene in industries including automotive, petrochemicals, and pharmaceuticals is expected to augment demand. However, rising concern regarding disposal of polyisobutylene is expected to pose a challenge to the market over the forecast period.

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Further key findings from the study suggest:

• The global polyisobutylene market demand was 1.0million tons in 2015 and is expected to reach 1.8million tons by 2024, growing at a CAGR of 6.1% from 2016 to 2024.
• High molecular weight polyisobutylene is expected to witness the fastest grow that a CAGR of 6.8% from 2016 to 2024.Factors such as low glass transition temperature and amorphous nature help high molecular weight polyisobutylene attain improved flexibility, tackiness, high temperature, and chemical resistance. These properties make high molecular weight PIB most widely used polyisobutylene in industries including adhesives, roofing, and wire manufacturing which in turn is expected to propel the market growth over next few years.
• Additive application of polyisobutylene is expected to grow at a CAGR of 6.9% from 2016 to 2024. Growing demand for fuel and lubricant additives in refining industries coupled with rising demand from manufacturing industry owing to rapid industrialization in the emerging economies of Asia Pacific and the Middle East& Africa is expected to drive the demand over the forecast period.
• Growing use of medium molecular weight polyisobutylene in food & beverage industry for food packaging on account of its adhesive nature, hydrophobic stability, anti-bacterial performance, high-temperature resistance and low toxicity absorption is likely to fuel the market demand over the forecast period.
• Europe was the dominant market and accounted for 44% in 2015. Rising demand for polyisobutylene from end-use industries such as food & beverage and pharmaceutical coupled with the presence of large refiners in the region with enhanced distillate processing capabilities are expected to accelerate market growth. The region is also expected to grow at a CAGR of 6.1% from 2016 to 2024.
• Polyisobutylene industry is moderately fragmented with the presence of a large number of prominent market participants across the globe. BASF SE is a specialty chemicals manufacturers involved in the manufacturing of intermediates, monomers, and catalysts. The company manufactures polyisobutylene under Intermediates segment. In May 2015, BASF SE acquired LANXESS’s high molecular weight polyisobutylene manufacturing intellectual process.

Consumer Electronics Market is expected to reach USD 838.85 billion by 2020

The global consumer electronics market is expected to reach USD 838.85 billion by 2020, according to a new study by Grand View Research, Inc. Recent technological advancements have led to the miniaturization of smart devices, and are expected to be key factor driving the consumer electronics industry. High investment, availability of cost effective devices due to mass production, and a range of diverse applications are also expected to be the key growth drivers.

Consumers are narrowing their technology interest to devices that offer multiple functions. Single-function products such as portable music players, digital cameras, etc. have witnessed considerable decline owing to the advent of multi-function devices. For example, there has been a considerable rise in smartphone ownership in 2013, while ownership of digital cameras has declined. End users have become more platform-agnostic as they are open to experimenting with different platforms such as Windows, Android and iOS, which is also expected to catapult consumer electronics market demand over the forecast period.

Increasing penetration of BYOD has presented growth avenues. Long-battery life, processors and large screens along with other value-added features is also expected to favorably impact personal electronics market growth over the next few years. Consumer electronics manufacturers focus on gaining a level of insight into service adoption on smartphones and related pricing strategies to target end users.

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Further key findings from the study suggest:

• The smartphone market is poised for high growth over the next six years, which may be attributed to increased emphasis on devices integrating several advanced features such as audio, GPS and high-end cameras. Emerging concepts such as pervasive computing along with several communication technologies, including 4G/5G LTE are also expected to drive demand.
• Laptops, desktops, and notebooks accounted for considerable revenue share in 2013. Introduction of new low end-devices and affordability are key factors driving the tablet market growth. The overall increase is also expected to stem from substitution of conventional laptops with tablets
• Digital camera market sales may witness a decline over the next few years. Consumer preference for devices such as smartphones that offer multi-functionality is expected to hinder the digital camera market.
• Asia Pacific consumer electronics market captured sizable volume share, which can be primarily attributed to high demand in China and India as well as considerable product penetration in the region.
• Key industry players such as Samsung, Apple, LG, Huawei and ZTE focus on providing a wide product portfolio and product differentiation as a core business strategy. Sales and distribution activities involve a mix of direct sales, distributors and third-party representatives, retail outlets, independent dealers etc. Distribution activities have become a key area of focus for all companies owing to wide adoption of these products.

MHealth Market size is expected to reach USD 49.12 billion by 2020

The global mHealth market size is expected to reach USD 49.12 billion by 2020, growing at a CAGR of 47.6% from 2013 to 2020, according to a new report by Grand View Research, Inc. Monitoring services is expected to grow at an estimated CAGR of 49.7% from 2014 to 2020.

Growing aging population along with rising incidences of chronic diseases such as cancer, heart ailments, and diabetes is anticipated to drive market demand. Introduction of new generation connected medical devices; healthcare providers find it easy to offer medical services at reduced costs.

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http://www.grandviewresearch.com/industry-analysis/mhealth-market

Further key findings from the study suggest:

• Growing need to maintain a secure infrastructure for data safety and security is anticipated to restrain mobile health market growth. On account of the increasing healthcare expenditures, affordability and availability of healthcare services is expected to pose a challenge to the mHealth industry.
• The mHealth market can be segregated on the basis of services and participants. Services include healthcare systems strengthening, diagnosis services, monitoring services, and other services. Participants include content players, healthcare providers, device vendors and mobile operators.
• Monitoring services include chronic disease management, independent aging solutions, and post acute care services. Diagnosis services particularly, enable healthcare professionals to connect with patients for offering diagnosis of ailments as well as health related issues. Regulatory support is expected to drive the use of aforementioned services demand which further includes interoperability and standardization.
• Mobile operators accounted for 48% of the overall market in 2012, with majority of their revenue originating from monitoring services such as independent aging solutions. Mobile operators offer varied solutions along with connectivity services which include health call centers, content-based wellness information, and mobile telemedicine. Device vendors are engaged in offering tools for transmitting captured information over mobile networks.
• Driven by the need for accessible healthcare, the Asia Pacific market is expected to the fastest growing regional market, at an estimated CAGR of 49.1% from 2014 to 2020. Low penetration of medical practitioners and growing rural population in Asia Pacific region are expected to open avenues for revenue generation. Furthermore, North America is expected to hold a considerable share in global market over the forecast period on account of increasing health projects and high smartphones penetration.
• Leading players emphasize on investment on research & development and strengthening competitiveness with the introduction of innovative solutions. Key players include AT&T, Vodafone, Apple, Allscripts Healthcare Solutions, Qualcomm Inc., and Samsung Electronics Corporation and mQure.

Rising development is expected to be a crucial energetic factor for Geosynthetics Market

Global geosynthetics market is expected to reach USD 27.08 billion by 2022, according to a new study by Grand View Research, Inc. Construction industry growth in India, China and Middle East, on account of rising expenditure on infrastructure development is expected to be a crucial driving factor for geosynthetics market growth.

Increasing application of geotechnical products for controlling seepage problems in building and irrigation projects is expected to have a favourable impact. Growing shale gas production in U.S. and Canada on account of increasing expenditure on hydraulic fracturing at domestic level may drive industry growth in the near future.

Geotextiles market were the largest product segment with demand estimated over 4,300.0 million square meters in 2014. They find application in erosion control and soil reinforcement on account of properties such as flexibility, permeability and enhanced thickness.

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Further key findings from the study suggest:

• Global geosynthetic market size was 6,124.0 million square meters in 2014 and is expected to reach above 9,000.0 million square meters by 2022, growing at a CAGR of 5.1% from 2015 to 2022.
• Roads & pavements accounted for over 30% of global volume in 2014. Geogrids and geotextiles are incorporated for soil reinforcement and facilitating filtration during road construction.
• Containment & waste water application is expected to witness the fastest growth in terms of volume, at a CAGR of 5.7% from 2015 to 2022. Rising importance of waste water treatment in mining and upstream oil & gas sectors is expected to increase geotechnical product use in the near future.
• Asia Pacific geosynthetic market was valued over USD 6,100 million in 2014. The Government of India announced Make in India Campaign in September 2014 which is aimed at increasing manufacturing output through foreign direct investment at domestic level. This supportive plan is expected to increase expenditure in construction industry and thus likely to have a positive impact on the market.
• Key geosynthetic manufacturers include Agru America Inc, TenCate, NAUE, Low & Bonar PLC, GSE, Asahi-Kasei and Officine Maccaferri. In February 2015, Propex launched erosion control solution under the brand name, Propex TeetoGreen technology, intended for the golf course industry. This technology is designed for providing solution to challenges pertaining to soil erosion faced by club managers, golf course owners, builders and superintendents.

America is expected to remain a key driving factor for global Polyvinyl Chloride Market

The Global Polyvinyl Chloride (PVC) Market is expected to reach USD 79.11 billion by 2020, according to a new study by Grand View Research, Inc. Increasing construction and infrastructure spending in emerging markets of Asia Pacific and Latin America is expected to remain a key driving factor for global PVC demand. In addition, growth of global automotive industry is also expected to have a positive influence on the market. Volatile raw material prices coupled with the stringent regulatory scenario, particularly in North America and Europe to limit or minimize PVC use for medical applications are expected to remain key challenges for market participants. In order to overcome such challenges, the industry has shifted its focus towards developing bio-based alternatives to PVC which is expected to provide future opportunities for market participants.

Construction emerged as the leading application segment and accounted for 55.7% of the total market volume in 2013. Increasing construction spending in BRICS nations on account of organization of global events such as FIFA World Cup and Summer Olympics in these nations is expected to drive the demand for PVC in construction industry. Electrical & electronics is expected to be the fastest growing application segment at an estimated CAGR of 5.4% from 2014 to 2020. Growth of Chinese and Taiwanese electronics industry is expected to spur growth for PVC in electrical & electronics industry.

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Further key findings from the study suggest:

• Global PVC demand was 38.50 million tons in 2013 and is expected to reach 53.81 million tons by 2020, growing at a CAGR of 5.0% from 2014 to 2020.
• Asia Pacific emerged as the leading regional market for PVC and accounted for 58.1% of total market volume in 2013. Growth of construction industry, particularly in China, India and Indonesia is expected to drive PVC demand in the region.
• Middle East & Africa is expected to be the fastest growing region for polyvinyl chloride market at an estimated CAGR of 5.9% from 2014 to 2020. Growth of major end-use industries such as construction, automotive and electrical & electronics in Saudi Arabia and South Africa is expected to drive the demand for PVC in this region.
• Some of the major companies in operating in the global PVC market include Shin-Etsu Chemical Co. Ltd., Formosa Plastics Group, Axiall Corporation, Mexichem S.A.B., BASF, Georgia Gulf Corp., Arkema S.A., and Westlake Chemica Corp, Sinopec Group, Solvay S.A., KEM One and Xinjiang Zhongtai Chemical Co. Ltd.

Soft Covering Flooring Market is expected to exceed USD 152.5 billion by 2020

The soft covering flooring market is expected to exceed USD 152.5 billion by 2020, growing at a CAGR of about 5.2% from 2014 to 2020 owing to increasing population in metropolitan cities with people migrating from rural areas to urban cities coupled with changing consumer lifestyles. Soft coverings which possess dust-binding features include carpet tiles, rugs, and broadlooms. In addition to providing heat insulation & comfort, they also reduce noise reflections inside rooms. 

Demand for these flooring solutions is expected to increase owing to the safety covering they provide and aesthetic appearance of offices, carpet tiles, home decors and rugs. Growing utilization of numerous designs of rugs and first-class carpets, owing to increasing number of customers and their buying power, is expected to have a positive impact on the industry. The revival of the economic situation worldwide has led to the growth of the construction industry and is likely to stimulate substantial demand for the product over the forecast period. 

Increasing capital gains and infrastructural investment are expected to drive demand for soft covering flooring over the coming years. Better research methodologies and manufacturing processes are estimated to fuel demand.

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Further key findings from the study suggest:

• In 2013, new residential and commercial construction constituted to nearly 70.0% of the application segment in the overall share. Need for better workplaces and offices that constitute the non-residential segment coupled with increasing employment opportunities are expected to drive growth in this market. office. Growing expenditure owing to an inclination towards better furnishings such as rugs & carpets and spending on commercial real estate are major driving factors for growth. Hospitality and travel also play a vital role in propelling demand. 
• Carpet tiles, area rugs, and broadlooms constitute the product segment. Carpet tiles emerged as the dominant application and captured approximately 70.0% of overall share. Manufacturers have been trying to gain prominence and product differentiation in the market by developing numerous variants and designs in carpet tile thus expanding their network. North America accounted for over 35% of the market share in 2013 dominating the global market. 
• New developments including sustainable and eco-friendly carpets have fuelled demand in US and Europe. India and China are expected to be the fastest-growing economies over the forecast period on account of growing need for home decor, renovation operations, and enhancements. Increasing capital investment in emerging economies is expected to be a key factor for the product growth. 
• Key players in soft covering flooring market include AstroTurf LLC, Abbey Carpet Company Inc., Beaulieu Group LLC, Cargill Inc., Bentley Mills Inc., Dixie Group Inc., Mannington Mills Inc., Engineered Floors LLC, Mohawk Industries Inc., Royalty Carpet Mills Inc., rinseo SA and Milliken & Company. 
• Acquisition & merger and partnership are the key strategies being adopted by the major players to enter into new markets, thus increasing their revenue. For instance, the takeover of Desso by Tarkett, The ALJ Regional Holdings acquired Floors N More LLC and the acquisition of Atlas Carpet Mills by the Dixie Group.

In-Line Process Viscometer Market is expected to remain key challenges for market participants

The Global In-Line Process Viscometer (ILPV) Market is expected to reach USD 185.4 million by 2020, according to a new study by Grand View Research, Inc. Rapid increase in global refining capacity on account of growing energy demand is expected to remain a key driving factor for the global market. ILPV provides real-time monitoring that helps manufacturers monitor product quality and meet regulatory standards. 

Additionally, growth in food and beverage industry coupled with increasing healthcare expenditure in the emerging markets of India, China and Brazil is also expected to have a positive influence on market growth. Lack of ability to measure multidirectional flow along with ongoing price wars is expected to remain key challenges for market participants.

Vibration emerged as the leading technology segment for ILPV and accounted for 22.3% of total market revenue in 2013. Vibration technology is best suited for continuous direct viscosity measurement in tanks and/or pipes and is widely used across various end-use industries. Acoustic wave is expected to be the fastest growing technology segment, at an estimated CAGR of 7.3% from 2014 to 2020. Acoustic wave technology is widely used for oil conditioning based monitoring needs which have helped in developing its market particularly in oil & gas industry.

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Further key findings from the study suggest:

• Petroleum dominated the global application market for ILPV and accounted for 40% of total market revenue in 2013. Increasing refining capacity, particularly in the Middle East and Asia Pacific is expected to drive the ILPV demand in petroleum applications. Pharmaceutical is expected to be the fastest growing application market, at an estimated CAGR of 6.7% from 2014 to 2020. Increasing regulatory intervention for improving the healthcare industry, particularly in BRICS nations is expected to fuel the demand for ILPV in the pharmaceutical industry.
• Asia Pacific continued its dominance in the global market and accounted for 30.1% of total market revenue in 2013. It is also expected to be the fastest growing regional market, at an estimated CAGR of 7% from 2014 to 2020. Rapid refining capacity additions on account of growing fuel consumption, particularly in China and India, is expected to spur growth of ILPV in the region.
• The global market for is highly fragmented with top four companies including Brookfield Engineering Laboratories Inc., Anton Paar, proRheo GmbH and Cambridge Viscosity accounting for less than 30% of the total demand. Other key companies operating in the global market include Brabender Gmbh & Co. Kg, Lamy Rheology, Hydromotion, Nametre (Galvanic Inc.), Vaf Instruments, Fuji Ultrasonic Engineering, Marimex America Llc., Sofraser, Mat Mess- & Analysetechnik, Micro Motion (Emerson Process Management), Norcross, Lemis Baltic, Orb Instruments, Inc., Endress+Hauser Consult AG, Bartec and Vectron International, Inc.

Plastics Market is anticipated to drive the global market over the next few years

Global plastics market was worth USD 381.83 billion in 2013. Plastics are synthetic or semi-synthetic organic solids which are cast or changed to various valuable products. Plastics are generally organic polymers which occur naturally or sometimes, are derivatives of petrochemicals. The global industry is administered by the application of end-use industry.

Forthcoming technologies which recycle plastics are projected to be the major driving force behind the growth of global market. Key manufacturers of plastics are investing into joint ventures and pooling resources with biotechnology companies so as to produce bio-based plastics.

Polyethylene was the largest plastic type which accounted for over 30% of the market in 2013. Growing demand from several end-use sectors including injection molding, food & beverage packaging, film/sheet and pipes led to the high market share. Several disposal norms and environmental regulations are projected to create major hindrances for the global polyethylene market. Polyethylene terephthalate (PET) plastic type is likely to witness significant gains at a CAGR of 8.5% from 2014 to 2020. The packaging industry of carbonated soft drinks is witnessing an increased demand for PET type of plastic. This growing demand is anticipated to drive the global market over the next few years.

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Further key findings from the study suggest:

• PET application in films and sheets accounted for over 40% of the overall share in 2013. Films and sheets are majorly used in pharmaceuticals and food packaging industry. This is expected to drive its huge demand. Application in plastic pipes is anticipated to witness the substantial gains, at an anticipated CAGR of 5.7% from 2014 to 2020. Factors such as the increase in construction activities, rising population levels, increasing rate of urbanization, infrastructural development and replacement of old pipes made with outdated materials are expected to drive the demand for plastic pipes application.
• Asia Pacific contributed to over 40% of the global plastics market in 2013. Emerging economies of India and China are witnessing a significant increase in key end-use industries. This is projected to provide the region with an upper hand in the near future. Central & South American plastics market is expected to exhibit the highest growth rate, an anticipated CAGR of 6.3% from 2014 to 2020. The increase in construction and automobiles industry in Argentina and Brazil is likely to be the driving factor for plastics demand in this region.
• The global market is integrated with a few companies dominating the market. Major players in the plastic market include Dow Chemicals, BASF SE, Saudi Basic Industries Corporation and E.I. du Pont de Nemours and Company. Other players in the market include ExxonMobil, Total SA, Indorama Corp., M&G Chemicals, Nan Ya Plastics, LyondellBesell, Formosa Plastic, Bayer Material Science, DAK Americas and Octal Petrochem.

North America Polyvinyl Chloride Films Market is expected to develop the regional industry over the forecast period

North America PVC films market is expected to reach USD 2.99 billion by 2022, according to a new report by Grand View Research, Inc. The regional polyvinyl chloride films market is characterized by increasing regulatory & legislative intervention particularly in the U.S. and Canada for food packaging applications. Favorable regulatory environment in Mexico compared to the U.S. & Canada is expected to develop the regional industry over the forecast period.

Calendering technology dominated the PVC film market and accounted for 55.1% of total market volume in 2014. Increasing calendering usage among producers to fabricate rigid as well as semi-rigid films owing to its better processing and longer batch production qualities compared to other process is expected drive this segment over the forecast period. It is also expected to witness the highest growth of 2.3% from 2015 to 2022.

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Further key findings from the study suggest:

• North America PVC films market size was 985.4 kilo tons in 2014 and is expected to grow at a CAGR of 2.2% from 2015 to 2022.
• Rigid polyvinyl chloride films market was the dominant product segment and accounted for 53% of total regional demand in 2014. These are widely used in food, footwear, blister and tools packaging. Regulations in the U.S. & Canada banning PVC usage in food packaging is expected to have a negative impact on its future consumption trends.
• Packaging was the most dominant end-use industry and accounted for 33.6% of total market volume in 2014. Building materials is expected to experience the highest growth of 2.4% from 2015 to 2022. PVC films are used as decorative films, furniture films, construction films and envelope materials in construction. Increasing infrastructure expenditure in Mexico is expected to drive this segment.
• U.S. was the leading regional market and with demand share estimated at 77.8% in 2014. Recovery of construction in industry post the economic recession is expected to ensure continuous PVC films demand in the nation. Monomeric and polymeric PVC films collectively accounted for over 30% of the U.S. consumption in 2014. Increasing scrutiny from state legislatures along with agencies such as EPA and FDA is expected to hinder demand.
• North America PVC films market share is dominated by companies integrated from resin to films production. Some key companies operating in the regional industry include Plastic Film Corp., Bonset America Corp., Walton Plastics Inc., Tekra, Presco, ACG North America, Ronal Market Associates, Teknor APEX, Plastatech, and Achilles USA.