Uncategorised – Page 18 – Market Industry Forecast News

Advancements in Neurodegenerative Disease Therapeutics: A Comprehensive Review

Neurodegenerative Disease Therapeutics Industry | Forecast 2030

Grand View Research’s neurodegenerative disease therapeutics industry data book is a collection of market sizing & forecasts insights, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses studies. Within the purview of the database, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.The following data points will be included in the final product offering in two reports and one sector report overview.

The global neurodegenerative disease markets combine to account for USD 8.33 billion revenue in 2021, which is expected to reach USD 28.15 billion by 2030, growing at a cumulative rate of 15.6% over the forecast period. The combination bundle is designed to provide a holistic view of these highly dynamic market spaces.

Access the Global Neurodegenerative Disease Therapeutics Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Parkinson’s Disease Treatment Market Insights

The global Parkinson’s disease treatment market size was valued at USD 4.28 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2022 to 2030. The increasing geriatric population, which is exposed to a high risk of developing Parkinson’s Disease (PD), the high burden of PD in western countries, and the strong product pipeline of disease-modifying therapies are anticipated to be major drivers for the industry. According to the International Parkinson and Movement Disorder Society, in 2020, around 9.4 million individuals had PD worldwide. Moreover, PD affects around 1% of the total population over the age of 60 years, which rises to 5% for the population over the age of 85 years.

Moreover, according to a UN report, there were about 727 million people aged 65 years & above globally in 2020. In addition, the number of individuals aged 80 years and above is projected to double by 2050, reaching more than 1.5 billion globally. Hence, the rise in the prevalence of PD has paved the way for key pharmaceutical players to undertake extensive market growth in this sector. The availability of different dosage forms can enable product differentiation for pharmaceutical companies, resulting in greater profits. NeuroDerm is developing ND0612 for the treatment of patients with moderate-to-severe PD, for whom oral medications are no longer effective.

In addition, LY03003 (Rotigotine ER Microsphere) and P2B001 (extended-release (ER) formulations of pramipexole and rasagiline) are currently being developed by Luye Pharma Group and Pharma Two B respectively. Chronic PD requires treatment for a long duration, along with critical care. Treatments of such illnesses require high expenditure. The treatment cost for PD varies depending on the region. According to a research study, the direct annual medical cost per PD patient is estimated to be around USD 10,043 to USD 12,491 in the U.S.; out of this, prescription drugs accounted for around 14-22%. Owing to favorable healthcare policies and reimbursement scenarios in developed countries such as the U.S., the overall cost burden on an individual patient is reduced.

Order your copy of the Free Sample of “Neurodegenerative Disease Therapeutics Industry Data Book – Parkinson’s Disease Treatment and Alzheimer’s Therapeutics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Alzheimer’s Therapeutics Market Insights

The global alzheimer’s therapeutics market size was valued at USD 4.05 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 19.99% from 2023 to 2030. The rising prevalence of Alzheimer’s Disease (AD) and approval of disease-modifying therapies are expected to fuel market growth. According to the NCBI, in 2021, about 6.2 million people aged 65 and above living in America were suffering from Alzheimer’s disease, which is estimated to increase to around 13.8 million by 2060. Women are more prone to be diagnosed with Alzheimer’s disease than men due to the longer life expectancy of women. Moreover, Alzheimer’s disease is becoming the most common cause of death in neurodegenerative diseases and a common cause of physical disability that require immediate treatment.

The impact of the COVID-19 pandemic on the market was negative due to strict measures undertaken by the government such as lockdown to control infection spread. During the pandemic, the prescription rate for drugs used to treat Alzheimer’s was lowered due to a decline in patient visits to clinics and hospitals for treatment and fear of COVID infection, thereby restraining market growth.

The introduction of new highly sensitive cloud-based cognitive assessment systems will assist pharmaceutical companies in identifying the effects of drugs on patients. This will enable pharmaceutical companies to effectively evaluate the cognitive efficacy and safety of pipeline drugs. For instance, Cambridge Cognition’s Cantab Connect product has been specifically developed to measure the effectiveness of drugs for mild, moderate, and prodromal AD. The adoption of such technology is expected to enhance the chances of product approvals, consequently driving the Alzheimer’s disease treatment market.

The uncertainty, failure, and discontinuation of the clinical trials of Alzheimer’s drugs lead to the availability of limited treatment alternatives. This increases the costs related to research and development. Hence, it is expected to restrain market growth. For instance, Amgen Inc. and Novartis AG discontinued their Phase 2 clinical trial for CNP520 (umibecestat), a BACE1 inhibitor for Alzheimer’s disease, in July 2019, due to the lack of desired results.

Go through the table of content of Neurodegenerative Disease Therapeutics Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Competitive rivalry in this market is likely to be high due to increasing number of mergers, acquisitions, and partnerships undertaken by major players globally. Many established and clinical-stage pharmaceutical companies are involved in the development of novel therapies & drugs to target people with unmet clinical needs. Furthermore, the companies are focusing on the development of strategic alliances and research collaborations with competitors. For instance, in January 2022, Mindset Pharma Inc. and McQuade Center for Strategic Research and Development, LLC entered into a partnership to promote the advancement of psychedelic medications.

Some of the key players in the neurodegenerative disease industry are Eisai Co., Ltd., AbbVie Inc. (Allergan Plc.), Merck & Co., Inc., Adamas Pharmaceuticals, Inc., Novartis AG,H. Lundbeck A/S, Cerevel Therapeutics, Biogen, Daiichi Sankyo Company, Limited, F. Hoffmann La Roche Ltd., TauRx Pharmaceuticals Ltd., Johnson & Johnson Services, Inc., AC Immune, Teva Pharmaceutical Industries Ltd., and GlaxoSmithKline plc. (GSK). Key players in the market adopt this strategy to strengthen their product portfolio and offer diverse, technologically advanced, & innovative products to patients. For instance, in August 2022, Knight Therapeutics, Inc. re-launching Exelon (Rivastigmine) developed by Novartis after receiving marketing authorization in Brazil. This launch is expected to boost the Alzheimer’s therapeutics market in Latin America.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Leather Goods Sector Forecasted for Impressive Growth in 2023-2030

Leather Goods Industry | Forecast 2030

Grand View Research’s leather goods industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

The leather goods industry is projected to experience growth owing to several factors, including an increase in consumer disposable income, improved living standards, evolving fashion trends, and the rise in domestic and international tourism. The demand for stylish and comfortable leather apparel, leather goods, and accessories is on the rise, driven by growing brand awareness among consumers. These factors collectively contribute to a favorable outlook for the leather goods sector.

Access the Global Leather Goods Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

The growing awareness of fashion among consumers has played a crucial role in driving the demand for leather goods, prompting numerous brands to diversify their product offerings. Not only established labels and brands but also smaller and more affordable manufacturers have gained significance in the leather goods industry. Moreover, startups have emerged to cater to the customization needs of consumers, offering tailored leather products that align with their specific preferences. The market is growing due to rising employment and disposable income. Among footwear options, sneakers have experienced the most significant growth in sales due to the rising demand for fashionable and comfortable shoes. The sneaker segment faces fierce competition, as luxury fashion brands like Balenciaga, Gucci, and Prada have entered the market, competing with well-established athletic brands such as Nike and Puma.

The significant growth in e-commerce retail sales due to factors such as increased consumer spending, expanding population, and improved internet accessibility further created ample growth in the leather goods industry. The online retail industry’s growth is further boosted by the introduction of mobile shopping applications and the availability of secure and convenient payment gateways. Notably, fashion blogs and popular social media platforms like Pinterest and Instagram play a crucial role in shaping fashion trends, thereby positively impacting the leather goods sector.

Order your copy of the Free Sample of “Leather Goods Industry Data Book – Leather Handbags, Small Leather Goods/ Accessories, Leather Apparel, Leather Footwear, Leather Home Decor & Furnishing, Leather Pet Accessories and Leather Automotive Accessories Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Leather Footwear Market Insights

The global leather footwear market size was valued at USD 166.53 billion in 2018 and is expected to grow with a CAGR of 2.8% from 2019 to 2025. The growth is attributed to the growing working-class population, rising income among consumers, flourishing retail e-commerce sector worldwide, growing fashion trends in business wear. Leather shoes are durable and provide an elegant look making it popular among various consumers. The breathable features of real leather which can cool down the feet and avoid unwanted odors is also driving the growth of the product in the market.

Leather footwear market is closely aligned with consumer spending on fashion accessories. Rapid growth in the spending on fashion accessories due to growing influence of social media is driving the market. Recent changes in consumer shopping trends and increasing propensity toward buying high-end and designer shoes are estimated to trigger the growth. Demand for trendy, fancy, and comfortable footwear is driving the demand.

Leather shoes are widely accepted as a premium product. Introduction of new products by numerous brands has been driving the market growth. High adoption of the products even in areas with relatively warmer climates is anticipated to drive growth. As the demand for flexible and lightweight products is growing at a rapid rate, numerous innovations and technological advancements help surge the product demand. Leather footwear have high durability and stand strong even in heavy duty work along with casual, designer shoes and can be used for both indoor and outdoor applications, making it more popular among consumers.

Availability of counterfeit footwear made from synthetic leather developed by local manufactures is restraining the growth. Growing alternatives like synthetic and vegan leather are also likely to posing a challenge for growth. Leather footwear costs more on an average than any other type of footwear which act as a major restrain in the cost centric countries. Consumers sensitive to animal slaughtering and aware regarding animal ethics and rights are also hindering the growth.

Go through the table of content of Leather Goods Industry Data Book to get a better understanding of the Coverage & Scope of the study

Leather Home Decor and Furnishing Market Insights

Increasing expenditure of people on home furnishing and renovation has been a factor driving the leather home decor & furnishing market growth. According to the International Monetary Fund, the global housing market has been steadily climbing up as of 2022. Another important factor is the housing index, which reflects changing prices of residential properties. The leather furniture segment includes a diverse range of products like dining sets, rocking chairs, and recliner chairs. The market for leather furniture involves a myriad range of regional and domestic manufacturers globally, and each player, to create a unique position in the market and to sustain customers, has been focusing on continuous product evolutions.

Rising consumer inclination towards luxury decorative products, along with an increasing number of houses being purchased or rented every year, is influencing the growth of the segment. Similarly, the demand for leather tabletop products such as desk organizers, remote holders, and stackable holders that are used often has also been influencing the market positively. Leather-made hanging storage has become a major design element in houses with shifting consumer preferences. Moreover, it is suitable in the living room, dining room, and kitchen, which has propelled the product demand. Manufacturers and interior designers involved in making home artifacts offer aesthetically appealing styles, patterns, textures, and comfortable storage products for homes and offices with contemporary looks and designs.

Competitive Insights

The presence of numerous well-established companies such as Adidas AG; Nike, Inc.; Puma SE; Fila, Inc.; New Balance Athletics, Inc.; Knoll, Inc.; and Samsonite International S.A. characterizes the leather goods market. These manufacturers are expected to experience growth opportunities driven by the increasing demand for leather goods, particularly in emerging economies spanning North America, Europe, Asia Pacific, and Central & South America.

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Unlocking Growth Opportunities in Pressure Vessels Procurement: Insights for 2023-2030

Pressure Vessels Category Overview

The global pressure vessels category is anticipated to grow at a CAGR of 3.8% from 2023 to 2030. Growth of the category can be attributed to rising industrialization, growing energy demand, rising adoption of supercritical power generation technologies, rise of chemical & petrochemical sectors, and stringent government regulations & policies for safely transfer of gases and chemicals. The product offered in the category witnesses significant application in chemical & petrochemical sector.Pressure vessels are required for a variety of processing operations in the sector, such as chemical storage, mixing, distillation, and chemical reactions.The demand for novel, tailored compounds that fulfil certain needs and provide improved functionality is what is causing this change. However, high cost involved in the manufacturing and maintenance of pressure vessels as it requires specialized design & engineering would hinder the growth of the global category.

Order your copy of the Pressure Vessels Procurement Intelligence Report, 2023 – 2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Key technologies that are transforming the manufacturing of pressure vessels include artificial intelligence (AI), 3D printing, robotics & automation, industry internet of things (IIoT), and augmented reality (AR). AI’s ability to evaluate enormous volumes of data in real-time is one of the most important advantages for manufacturing.AI algorithms can swiftly process and analyze data to detect patterns and trends, assisting manufacturers in understanding how production processes are operating. This is made possible by Industrial Internet of Things (IIoT) devices and sensors that gather data from machines, equipment, and production lines. 3D printing (also known as additive manufacturing), on the other hand, has altered the way businesses design, prototype, and produce goods. It enables manufacturers to cut production time & costs and developcomplicated geometries in a single step. In addition, it also enables manufacturers in producing spare parts as needed, which lowers the requirement for big inventories and boosts supply chain effectiveness.

Pressure Vessels Procurement Intelligence Report Scope

The Pressure Vessels category is expected to have pricing growth outlook of 5% – 10% (annual) from 2023 to 2030, with below pricing models.

Cost-plus pricing
Fixed pricing

Supplier Selection Scope

Cost and pricing
Past engagements
Productivity
Geographical presence

Supplier Selection Criteria

Geographic Service Provision
Years In Service
Certifications
Type Of Product (Boiler / Separator / Reactor / Others)
Application (Storage Vessel / Processing Vessel / Others)
Product Heat Source (Fired / Unfired)
Pressure Handling Capability
Technical Support
Regulatory Compliance
Others

Pressure Vessels Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

Market Intelligence along with emerging technology and regulatory landscape
Market estimates and forecasts from 2023 to 2030
Growth opportunities, trends, and driver analysis
Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
Porter’s 5 forces
Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
Engagement and operating models, KPI, and SLA elements
LCC/BCC analysis and negotiation strategies
Peer benchmarking and product analysis
Market report in PDF, Excel, and PPT and online dashboard versions

Request for Sample Copy of the Pressure Vessels Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Pressure Vessels Procurement Cost and Supplier Intelligence

The category for pressure vessels exhibits a fragmented landscape, with the presence of large number of global and regional small-scale and large-scale market players. Players in the industry are making significant investments in research & developments to enhance their product portfolio which will support the growth of global category. In addition, they are adopting a wide range of strategic initiatives to increase their market share, such as introduction of new products, mergers and acquisitions, contract-based agreements, and joint ventures. Furthermore, in order to reduce operational expenses and benefit their client, the players are opting the strategy of manufacturing locally. The category possesses low threat of new entrants as manufacturing pressure vessels require significant initial investments, team of skilled workforce, and constant pressure of increased raw material prices as the raw materials are commodities which are typically volatile to market conditions.

Cost of raw materials (steel, aluminium, nickel, titanium, etc.), labor costs, energy costs, and transportation costs are the key components of this category. Prices of raw materials, particularly steel or aluminium directly impacts the price of pressure vessels since the prices of these commodities are volatile and keeps on fluctuating, thus influencing the cost of production. In addition, besides the price of raw materials, the cost of production also gets affected by factors such as location of the manufacturing facility, quality control measures, regulatory compliance, design complexity, and size. To arrive at a cost estimate that complies with project specifications and safety regulations, manufacturers and project planners carefully weigh these elements and collaborate closely with skilled engineers and fabricators. The price for smaller vessels range between USD 9,500 – USD 39,500, whereas the price for larger vessels range between USD 99,500 – USD 999,500.

Asia-Pacific region dominates the global pressure vessels category, holding over 37.1% of global market share. The region is witnessing significant growth owing to the substantial investments being made by the business enterprises and the governments in refining and power sector which makes high demand for product offered in the category. In addition, nations such as India and China have several upcoming and ongoing projects that require the usage of industry products. For instance, the growth rate for the demand of power in India is anticipated to be doubled in the next 4 – 5 years. Closing the gap between the region’s consumption and demand for energy is the driving force behind these projects. Assessing if a supplier can offer the vessel made by the required material to meet the end-use application, evaluating if the design of the vessel offered by a specific supplier can withstand rigorous usage, reviewing the documents to ensure that the product adheres to the quality standards set be certification authorities, and comparing the prices offered by multiple suppliers are some of the best sourcing practices considered in this category.

Key Companies Profiled

Äager GmbH, Alfa Laval Corporate AB, ANDRITZ AG, Babcock & Wilcox Enterprises, Inc., Doosan Enerbility Co., Ltd., Frames Group B.V., GEA Group AG, General Electric Company, Hitachi Zosen Corporation, IHI Plant Services Corporation, Larsen & Toubro Limited, and Samuel, Son & Co., Ltd.

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Advancements in Cell Culture Technology Propel Industry Growth in 2023-2030

Cell Culture Industry | Forecast 2030

Grand View Research’s Cell Culture Industry databook is a collection of market sizing & forecasts insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses studies. Within the purview of the databook, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.The following data points will be included in the final product offering in four reports and one sector report overview.

Cell Culture industry data book is a combination of the market data from four reports namely, cell culture, cell culture media, 3D cell culture, and primary cell culture market. Cell culture market was valued at USD 21.05 Billion in 2021 with CAGR of 11.86% during 2022-2030. Cell culture media market and primary cell culture market are also growing at the CAGR of 12.13% and 10.66% respectively.

Access the Global Cell Culture Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Advancements in these techniques such as 3D cell culture and its growing adoption for biopharmaceuticals manufacturing, tissue engineering, and drug development applications are projected to boost the demand for cell culture products. Also, large number of oncology focused research trials and broadening scope of gene therapy applications are also expected to drive the market growth. In addition, development in regenerative medicine market space and high unmet medical needs in emerging markets are expected to drive the adoption of cell culture technologies. The combination bundle of these reports is designed to provide a holistic view of these highly dynamic market spaces in this industry.

Cell Culture Market Insights

The global cell culture market size was estimated at USD 16.59 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.32% from 2023 to 2030. Its growth can be attributed to the rapid adoption of cell culture techniques to develop substrates for the safe production of viral vaccines, and the rising global demand for advanced therapy medicinal products. Furthermore, novel three-dimensional cell culture techniques and the growing need for them in biopharmaceutical development & vaccine production are expected to drive the market growth over the forecast period. The COVID-19 pandemic has presented researchers with the opportunity to investigate the novel contagious virus for the creation of therapeutic and diagnostic tools.

Order your copy of the Free Sample of “Cell Culture Industry Data Book – Cell Culture, Cell Culture Media, 3D Cell Culture, Primary Cell Culture Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Cell Culture Media Market Insights

The global cell culture media market size was estimated at USD 4.73 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 12.54% from 2024 to 2030. Cell culture media is generally a gel or liquid including compounds required to regulate and support the growth of cells or microorganisms used in the manufacturing of biopharmaceuticals. Culture media is a critical ingredient in biopharmaceutical manufacturing, aiding the growth of cells, and is the fastest-growing segment within this market. This growth is mainly driven by growing demand for biopharmaceuticals, favorable governmental policies, and increasing investment in R&D.

3D Cell Culture Market Insights

The global 3D cell culture market size was estimated at USD 1.57 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 11.22% from 2024 to 2030. The growth of the market can be attributed to the rising efforts to develop potential alternatives to animal-based testing and the availability of funding programs for research. Moreover, consistent efforts in R&D activities by biopharmaceutical companies for drug development & discovery, and emphasis on the adoption of 3D cell cultures in cancer research are other factors anticipated to fuel market growth over the projected period. Animal models are largely used in cellular-based studies for studying the outlook of various diseases. However, they carry several demerits such as a lack of response accuracy, differences in response from different species, etc. Thus, to manage these issues, various government organizations are involved in promoting alternative ways for drug development.

Go through the table of content of Cell Culture Industry Data Book to get a better understanding of the Coverage & Scope of the study

Primary Cell Culture Market Insights

The global primary cell culture market size was estimated at USD 4.87 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 13.3% from 2024 to 2030. The market growth can be primarily attributed to the increasing prevalence of chronic conditions, such as cancer, infections, autoimmune diseases, diabetes mellitus, cardiovascular diseases, and neprological diseases. This has led to an increase in research, facilitating the high adoption of primary cell cultures.

Furthermore, the growing need for primary cell culture is being driven by increased research to find novel treatments. Cancer is becoming increasingly prevalent all across the world. According to WHO projections, the number of cancer deaths worldwide will continue to climb and will reach over 17 billion by 2030. Moreover, as per American Cancer Society (ACS) Journals published in February 2021, there are 19.3 million cancer cases worldwide, and 10.0 million new cancer cases were recorded in 2020. A rapid growth in incidence of cancer across the globe will lead to an increased demand for novel therapeutics, hence anticipated to propel market growth.

Competitive Landscape

Competitive rivalry in the cell culture industry is high due to the presence of a large number of both well-established players and small- to mid-sized companies as well as CROs in the market space. Some of the major players are Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., Sartorius AG, Eppendorf AG, Merck KGaA, Becton, Dickinson and Company, PromoCell GmbH, and Lonza Group AG among many others. These market players are involved in the manufacturing of various products associated with this industry including cell media, reagents, consumables, and equipment along with certain services.

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Growing Demand Drives Personal Protective Equipment Industry Towards Success in 2023-2030

Personal Protective Equipment Industry | Forecast 2030

Grand View Research’s personal protective equipment industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.

The economic value generated by the personal protective equipment market was estimated at approximately USD 91.55 billion in 2021. Increasing awareness towards employee health and safety coupled with rising industrial fatalities in emerging economies due to lack of protective gear is expected to drive market growth over the forecast period.

Access the Global Personal Protective Equipment Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Occupational safety regulations play a major role in driving the personal protective equipment (PPE) market. Mandated policies by agencies for companies to maintain worker safety in industries are anticipated to drive demand for personal protective equipment. These regulations mention the type of personal protective equipment required for protection during different industrial or commercial processes.

Hand Protection Equipment Market Insights

The global hand protection equipment market size was estimated at USD 29.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030. The rising demand is attributed to the increasing concerns about hand hygiene and the product’s efficiency in limiting the spread of COVID-19 in various end-use industries. The onset of the second wave of COVID-19 led to the shortage of hand protection equipment in hospitals and other sectors, such as manufacturing and construction. Various manufacturers started expanding their production at the end of 2020, thereby eliminating the demand-supply gap.

Economies that have been hit hard by the COVID-19 pandemic, such as the United States, have implemented specific regulations like the Defense Production Act (DPA), which provides local enterprises the duty of manufacturing hand protective equipment for healthcare professionals. Strict government regulations regarding the health and safety of doctors, nurses, and working professionals, coupled with a rise in COVID-19 cases, have prompted workers to use these products for protection against any kind of health hazards and healthcare-associated infections. Several government authorities, such as the Centers for Disease Control and Prevention, issued guidelines regarding the use of sterile barrier precautions, such as the use of hand protection equipment.

Order your copy of the Free Sample of “Personal Protective Equipment Industry Data Book – Hand Protection Equipment, Fall Protection and Respiratory Protection Equipment Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Fall Protection Market Insights

The global fall protection market size was estimated at USD 2.9 billion in 2023 and is projected to grow at a CAGR of 7.1% from 2024 to 2030. The growth of the market can be attributed to the surge in awareness regarding workplace safety, presence of stringent workplace safety regulations, and increase in emphasis on employee wellbeing. Industries such as construction, manufacturing, and oil & gas have been pivotal in fueling the demand for different fall protection systems globally.

Moreover, the dynamic nature of the market is characterized by the necessity for continuous innovations and strict adherence to evolving regulatory mandates. Notably, pivotal standards in the market are delineated by both, American National Standards Institute (ANSI) and The Occupational Safety and Health Administration (OSHA). Specifically, fall protection systems in roofing operations must be developed in alignment with the specifications of ANSI Z359.16, as well as OSHA 1910.140 and 1926.502.

Go through the table of content of Personal Protective Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study

Industrial Protective Clothing Market Insights

The global industrial protective clothing market size was valued at USD 18.35 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030.Rising awareness regarding the importance of preventing work-related fatal accidents is likely to propel market growth. Governments globally have made the wearing of industrial protective clothing essential in order to limit infection risks. Owing to the COVID-19 pandemic, healthcare professionals prefer industrial protective clothing to safeguard their health, thus driving their demand. Increased onshore and offshore drilling operations, as well as increased shale gas production in the U.S., are factors expected to boost industrial protective clothing demand to protect personnel from workplace hazards.

Improvements in government initiatives to make the U.S. more energy-independent are expected to increase local shale output even further. The U.S. is one of the world’s largest producers of chemicals and pharmaceuticals. Furthermore, the country has a large workforce involved in oil and gas activities, which necessitates the use of high-quality protective apparel. The existence of regulating organizations such as the Occupational Safety and Health Administration (OSHA) along with severe labor rules is expected to boost market expansion in the country.

Competitive Insights

Major players in the personal protective equipment market include 3M, Honeywell International, Lakeland Industries Inc., DuPont, Uvex safety, Mine Safety Appliances (MSA) Company, Kimberly-Clark Corporation, Radians, and Gateway Safety, Inc. The industry focuses on research & development activities to develop new technologies for manufacturing products and integration across various stages of the value chain to gain a competitive edge in the market.

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New Report Highlights Agrochemical Procurement Trends and Strategies for 2023-2030

Agrochemicals Category Overview

The agrochemical category is expected to grow at a CAGR of 3.4% from 2023 to 2030. Increasing agricultural productivity on currently used agricultural land is crucial to feeding the world’s population. Agrochemicals are therefore crucial to the agricultural sector and aid farmers in increasing the quantity and quality of their harvests. The primary factor driving the expansion of agrochemicals is the rising need for food as a result of population growth.

Agrochemicals harm the ecology when utilized in higher doses, which causes surface water pollution. As a result, the production of bio-based fertilizers and pesticides has created numerous new market opportunities for major agrochemical category participants. In an effort to boost their reputations and win over clients who are concerned about sustainability, Corteva, and BASF are making bio-based fertilizers. As the market for bio-based fertilizers expands globally, manufacturers are in a good position to profit from it and increase their market share. Marrone Bio Innovations is one of the leading player in the global bio-pesticides market. The company’s net sales increased by 45% driven by strong demand for bio-based pest management.

Order your copy of the Agrochemicals Procurement Intelligence Report, 2023 – 2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

The individual requirements of the client will determine whether agrochemicals can be used in the procurement process. The sorts of crops grown in the location, the soil conditions, and the pests and diseases common there are some variables that may affect the choice to purchase agrochemicals.

This category makes use of cutting-edge technologies like biotechnology and precision farming. Corteva is utilizing biotechnology to create genetically engineered crops that are less dependent on chemical pesticides and more resistant to pests. By monitoring data on soil, weather, and other factors to identify the best time for planting and harvesting crops, BASF uses precision technology to maximize agricultural yield. After applying precision farming, the average production grew by 8%, the cost of inputs was reduced by up to 20%, and the sale level increased by 7%.

Agrochemicals Procurement Intelligence Report Scope

The Agrochemicals category is expected to have pricing growth outlook of 11% – 13% (annual) from 2023 to 2030, with below pricing models.

Cost-plus pricing model
market-based pricing methods

Supplier Selection Scope of Report

Cost and pricing
Past engagements
Productivity
Geographical presence

Supplier selection criteria of Report

Ability to maintain the agricultural ecosystem
treatment (fungicide, growth regulators)
active ingredients (natural, bio stimulants)
formulation
precision farming
biotechnology
technical specifications
operational capabilities
regulatory standards and mandates
category innovations
others

Agrochemicals Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

Market Intelligence along with emerging technology and regulatory landscape
Market estimates and forecasts from 2023 to 2030
Growth opportunities, trends, and driver analysis
Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
Porter’s 5 forces
Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
Engagement and operating models, KPI, and SLA elements
LCC/BCC analysis and negotiation strategies
Peer benchmarking and product analysis
Market report in PDF, Excel, and PPT and online dashboard versions

Agrochemicals Procurement Cost and Supplier Intelligence

Typically, businesses use cost-plus or market-based pricing methods. In the cost-plus pricing model, prices are set using the cost of production plus a markup to account for profit and overhead. The market-based pricing model, on the other hand, bases price determination on supply and demand factors. When the market is favourable, this method enables businesses to increase their profit margin while still keeping them competitive in unfavourable situations.

The total cost of manufacturing includes the price of labor, raw materials, and other costs. Raw materials such as phosphoric acid, nitrogen, and potassium are used in this category. In North America, the price of phosphoric acid fell from USD 1290/MT to 1190/MT in the first quarter of 2023. Price also declined in the Asia-Pacific region from USD 1495/MT to USD 1335/MT in the first quarter of 2023. The price of nitrogen was estimated to be around USD 785/MT in 2022 in North America. At the end of 2022, the price of nitrogen in the Indian market was USD 188/MT.

China exports of pesticides currently make up about 30% of the global market, with a 10% increase and USD 11.5 billion in value. India is the world’s second-largest exporter, with USD 5.7 billion in exports. The nation has a sizable manufacturing sector and is renowned for creating goods of excellent quality at low costs.

The agrochemicals category is highly fragmented and competitive since it is made up of so many small and medium-sized businesses. A persistent desire for innovation and cost-cutting has resulted in fierce rivalry. Additionally, this industry is heavily regulated, which makes it difficult for new businesses to enter. As a result, larger businesses are acquiring niche or regional players to gain access to new markets and goods. Farmers and other agrochemical users have benefited from the wide variety of products made possible by the market’s fragmentation.

List of Key Suppliers

BASF
Corteva
Bayer
FMC
UPL
Syngenta
Adama Agricultural Solution
Nufarm
PI Industries

Brief about Pipeline by Grand View Research:

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Transforming Workforce Productivity: Insights into the Enterprise Mobility Management Sector

Enterprise Mobility Management Industry | Forecast 2030

The global enterprise mobility management market size was evaluated at USD 12.01 billion in 2022 and is expected to grow at a CAGR of 24.4% from 2023 to 2030. Enterprise mobility management (EMM) products are witnessing growing demand across the globe owing to a significant increase in mobile devices, and shifting various end-user companies’ focus on protecting their digital infrastructure is propelling market growth. Further, advancements in cloud-based EMM solutions are creating a positive outlook for the market. The rising adoption of Bring Your Own Device (BYOD) policies and the rising mobile workforce by various enterprises to enhance employees’ productivity are expected to drive market growth in the forecast period.

Access the Global Enterprise Mobility Management Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Moreover, enterprise mobility management enables businesses to enhance their workplace efficiency and productivity, control operational costs, and reduce device downtime. The solution benefits the IT administration to remotely distribute applications across end-users, making the data accessible to them easily. In addition to the benefits, the solution offers advanced privacy capabilities, including remote data encryption and wiping to secure business information.

The growing focus of governments across countries, such as the UK, India, Canada, Brazil, and Saudi Arabia, to apply stringent regulations and laws on safeguarding personal and private information is further anticipated to boost the enterprise mobility management market growth. The aim to fund multiple research projects supporting cybersecurity product development to enhance digital infrastructure data security is fueling the demand in the market.

Mobile Device Management Market Growth & Trends

The global mobile device management market size is expected to reach USD 28.37 billion by 2030, registering a CAGR of 24.2% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. The market is expected to witness growth due to the increasing adoption of mobile devices in the workplace and the need to secure and manage them. With the proliferation of smartphones, tablets, and other mobile devices, employees are increasingly using their personal devices for work purposes. This trend, commonly referred to as Bring Your Own Device (BYOD), has led to an increase in the number of mobile devices that need to be managed and secured within an organization. Mobile device management (MDM) solutions provide a centralized platform for managing & securing mobile devices, including the ability to enforce security policies, monitor device usage, and remotely wipe data in case of loss or theft.

As more organizations adopt BYOD policies or provide employees with company-owned mobile devices, the demand for MDM solutions is expected to continue to grow. Furthermore, the adoption of mobile devices has been further accelerated by the COVID-19 pandemic, as remote work has become the norm for many organizations. As employees work from home or other locations outside of the traditional office, the need for MDM solutions to manage and secure employee devices outside of the organization’s network perimeter has increased. However, the mobile device landscape is highly fragmented, with a wide range of operating systems, device types, and versions in use. This fragmentation makes it difficult for MDM solutions to provide comprehensive management and security across all devices.

Order your copy of the Free Sample of “Enterprise Mobility Management Industry Data Book – Mobile Device Management, Mobile Identity Management, Mobile Content Management and Mobile Application Management Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

Mobile Identity Management Market Growth & Trends

The global mobile identity management market size is expected to reach USD 16.97 billion by 2030 and grow at a CAGR of 26.6% from 2023 to 2030, according to a recent report from Grand View Research, Inc. Mobile Identity Management (MIM) solutions are becoming increasingly important as more employees use mobile devices to access company data and applications. With the advent of mobile workforces and Bring Your Own Device (BYOD) regulations, MIM solutions provide organizations with a secure and practical approach to managing user identities and accessing company resources on mobile devices.The increased adoption of mobile devices and the necessity for safe access to corporate resources from these devices are projected to drive demand for MIM solutions. Furthermore, as more organizations migrate to cloud-based services, MIM solutions will safeguard access to such services.

Mobile device management (MDM) capabilities, which are frequently included in MIM systems, enable organizations to put security limits on mobile devices, such as mandating encryption and limiting access to applications and data. An essential security component of Mobile Identity Management (MIM) is two-factor authentication (2FA), which adds an extra layer of security on top of a username and password. 2FA provides additional security to guard against unauthorized access to sensitive data or systems by providing an additional layer of authentication. Cyber dangers are more likely to affect mobile devices than traditional desktop or laptop PCs. MIM provides security features, including multi-factor authentication, mobile device management, and secure data transit to guard against these risks.

Go through the table of content of Enterprise Mobility Management Industry Data Book to get a better understanding of the Coverage & Scope of the study

Mobile Content Management Market Growth & Trends

The global mobile content management market size is expected to reach USD 12.29 billion by 2030 and expand at a CAGR of 22.2% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc.The market is expected to grow with the rise of mobile devices in the workplace, businesses are coping to manage and secure these devices while also enabling workers to work quickly and collaboratively. BYOD policies, which allow employees to use personal devices for work purposes, are growing in popularity but pose security threats. To serve the expanding number of mobile internet users, organizations aim to produce, manage, and offer content that is optimized for mobile devices.

The recent emergence of artificial intelligence (AI), machine learning (ML), and automation technologies are revolutionizing the content management industry, specifically mobile content management. These technologies enable businesses to deliver personalized and targeted content experiences, while also streamlining content creation, curation, and delivery processes. By leveraging AI, ML, and automation, companies can offer their customers customized content experiences, improve operational efficiency, and gain a competitive advantage in the market. Moreover, mobile content management solutions have increased collaboration and productivity by offering employees real-time access to the most recent versions of documents and data. This can help to reduce errors and improve efficiency.

Competitive Landscape

The market is competitive with the presence of major Cisco Systems; SAP SE; Broadcom, Inc.; Vmware, Inc.; Ivanti; Sophos; and Blackberry, among others. These companies maintain an exhaustive product portfolio and are employed to maintain a competitive edge in the market, their product offerings, the applications segment they served, the sophistication of their technology, their strategy to differentiate their products, and their industry impact.

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Emerging Trends and Future Prospects in the Cloud Computing Industry

Cloud Computing Industry | Forecast 2030

The global market size for cloud computing was estimated at USD 483.97 billion in 2022 and is anticipated to increase at a CAGR of 14.1% from 2023 to 2030. The growth can be attributed to factors such as the increasing amount of data generated by mobile applications and websites, the need for large storage requirements, the increasing need to deliver customer-centric applications to increase customer satisfaction, and the need for control and reduction of Capital Expenditures (CAPEX) and Operational Expenditures (OPEX). Several emerging technologies are driving the growth of the global cloud computing market, such as big data, Artificial Intelligence (AI), and Machine Learning (ML). In addition, cloud computing services are driven by other prominent factors, such as protecting private information, increasing Disaster Recovery (DR) speed, and the execution of regulatory mandates. As a result, cloud storage services with unlimited storage are increasingly being implemented by enterprises.

Access the Global Cloud Computing Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Cloud services provide businesses and individuals with a secure, safe way to store important data. Furthermore, cloud accounts include various encryption tools to protect data, which may increase demand for public cloud services. According to the survey report conducted by Flexera Software in March 2023, the multi-cloud would primarily be used for security tools, followed by cost optimization tools, governance tools, and management tools.

Public Cloud Market Growth & Trends

The global public cloud market size is expected to reach USD 596.0 billion by 2027, expanding at a CAGR of 14.6% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. Owing to the high scalability and reduced operational costs offered by cloud services in the wake of digital transformation of industries, the market is witnessing rapid growth. Moreover, enterprises across the globe are gradually adopting public cloud technology to rapidly build, test, and release quality software products.

The public cloud is a multi-tenant environment, which offers rapid elasticity and high scalability with capability to consume resources on a pay-per-use basis. Governments and institutions are planning gradually to completely integrate its conventional systems with these computing technologies. As a part of the IT Modernization effort, U.S Federal Government had initiated Cloud Smart Strategy in October 2018 to improve citizen-centric services, accessibility, and maintain cybersecurity. Moreover, adoption of the technology is rapidly gaining importance among Small and Medium Enterprise (SMEs) sector due to the cost competitiveness offered in the market.

Order your copy of the Free Sample of “Cloud Computing Industry Data Book – Public Cloud, Private Cloud and Hybrid Cloud Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

Private Cloud Market Analysis and Forecast

The global private cloud market was valued at USD 222.30 billion in 2022 and is expected to grow at a CAGR of 14.7% over the forecast period from 2023 to 2030. Businesses with variable networks frequently use the private cloud to ensure access and total control over the cloud environment. Enterprises are adopting a private cloud due to the necessity for data protection and compliance with the shifting regulatory environment. Companies aim to lower CAPEX while concentrating on business transformation projects that improve organizational agility.

Hybrid Cloud Market Analysis and Forecast

The global hybrid cloud market size was valued at USD 90.28 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. There has been a significant shift toward hybrid infrastructure services due to the expansion of cloud and industrialized services and the loss of traditional Data Center Outsourcing (DCO). A decline in traditional DCO is due to the increase in infrastructure utility services, colocation, and hosting spending. This is anticipated to fuel the transition to cloud hosting. Moreover, government agencies are refocusing their efforts on implementing hyper-scale clouds, which offer advantages including unified operations, data center modernization, application innovation, and security and governance. Furthermore, the cloud allows government organizations to handle cyclical demands or emergencies without overprovisioning hardware.

Go through the table of content of Cloud Computing Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The market is highly competitive due to the presence of major players such as Alibaba Group Holding Ltd.; Amazon.com Inc.; Adobe Inc.; Google LLC; Microsoft Corp.; International Business Machines Corp; Oracle Corp.; Salesforce.com Inc.; SAP SE; and Workday, Inc. Companies are adopting several growth strategies, such as partnerships, mergers & acquisitions, and product launches, to stay afloat in this competitive industry. For instance, in May 2023, SAP SE expanded its partnership with Google Cloud, to introduce an open data offering that simplifies data landscapes and increases business intelligence. SAP Datasphere and Google’s cloud-enable customers to build end-to-end data clouds that bring data from across their enterprise landscape, allowing businesses to view the entire data estate in real time and maximize the value of their SAP SE and Google Cloud software investments. The new Google Cloud open data offering complements SAP’s RISE with SAP solution, allowing customers to view their most crucial data without duplication in real-time.

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Grand View Research, Inc.

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Email: sales@grandviewresearch.com

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Driving Innovation in the Industrial Gases Sector: Trends and Outlook 2023-2030

Industrial Gases Industry | Forecast 2030

The economic value generated by the industrial gas market was estimated at approximately USD 99.9 billion in 2022. This economic output is an amalgamation of industrial gas products including nitrogen, hydrogen, carbon dioxide, oxygen, argon, and acetylene.

Global industrial gases market’s growth is driven by increasing consumption of industrial gases in a wide range of end-use industries such as steel, cement, water treatment, automotive, food & beverages, plastics and rubbers, medical, and others. Increasing industrialization in the growing economies of the world is expected to the driving force behind the growing consumption of industrial gases.

Access the Global Industrial Gases Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Several initiatives have taken place for the development of the market in 2021 and 2022, which is anticipated to further escalate the growth in the forthcoming years. For instance, in October 2022, American oil & gas giant Air Liquide has announced to build three industrial gas production plants to serve large semiconductor manufacturers across the globe. For this, Air Liquide entered into a joint venture with Far Eastern Group and is estimated to invest over USD 530 million in this development strategy, according to Francois Abrial, member of Air Liquide executive committee of Asia Pacific. This is a triggering factor for the growth of industrial gases market.

Nitrogen Gas Market Growth & Trends

The global nitrogen gas market size is expected to reach USD 69.7 billion by 2030, expanding at a CAGR of 7.1% from 2023 to 2030, according to a new study by Grand View Research, Inc. Nitrogen gas has high demand in the manufacturing sector for applications such as laser cutting, metal fabrication, and food packaging. It provides an inert atmosphere that prevents oxidation and maintains the quality of the manufactured products.

The manufacturing industry relies heavily on the market for a diverse range of applications. One of its primary uses is laser cutting, a popular method for precision cutting of metals and other materials. It is commonly used as an assist in laser cutting processes. It helps to cool the cut and remove debris, resulting in cleaner and more precise cuts. Additionally, nitrogen gas provides an inert atmosphere that prevents oxidation during the cutting process, reducing the risk of discoloration or corrosion on the cut surfaces.

Order your copy of Free Sample of “Industrial Gases Industry Data Book – Oxygen, Nitrogen, Hydrogen, Carbon Dioxide, Argon and Acetylene Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Acetylene Gas Market Growth & Trends

The global acetylene gas market is expected to reach USD 5.4 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% from 2023 to 2030. The growth of the welding market, which is driving the demand for acetylene gas as a fuel gas for welding.

The welding market has been experiencing significant growth in recent years, which has contributed to the increased demand for products as a fuel gas for welding. Welding is a process that involves joining two or more pieces of metal by heating the surfaces to their melting points, causing them to fuse together. Acetylene gas, when mixed with oxygen, produces a flame that can reach temperatures high enough to melt most metals, making it an ideal fuel gas for welding.

The growth of the welding market can be attributed to several factors, including the increasing demand for metal fabrication in various industries such as construction, automotive, and aerospace. Welding is also used in the repair and maintenance of metal structures and equipment, which is becoming increasingly important as companies seek to extend the lifespan of their assets.

Go through the table of content of Industrial Gases Industry Data Book to get a better understanding of the Coverage & Scope of the study

Argon Gas Market Growth & Trends

The global argon gas market is expected to reach USD 17.21 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.8% from 2023 to 2030. Argon is often substituted by helium in various sectors; however, rising helium prices are projected to boost product demand in several applications. Expanding automobile sector is also anticipated to increase product demand as steel is one of the main components of this sector.

The solar energy market requires huge volumes of argon for manufacturing processes. Burgeoning energy markets are also expected to drive the product demand, owing to applications in the solar and insulated windows market. Argon and krypton gases are used for insulating windows to cover the space between glass panes to prevent cold air from coming inside the rooms. This factor is further projected to drive the market over the forecast period.

Growing lighting demand owing to the increasing number of malls, and shopping complexes are expected to drive product demand over the forecast period. Argon is a versatile gas and is used for various welding applications such as welding special alloys and the production of light bulbs and lasers. It can also provide oxygen and a nitrogen-free environment for various heating processes which is expected to drive the market over the forecast period.

Competitive Insights

The global industrial gas market is highly competitive due to presence of a large number of well small scale and large-scale manufacturers and suppliers of industrial gases. The small-scale companies majorly focus on stable pricing, regular supply, and product quality to serve the best to its clients. Whereas the large-scale companies regularly invest time and money on research and development activities for innovation and new product development related to industrial gases. Large-scale companies also focus on building a strong supply chain for the seamless distribution of industrial gases to their customers.

Global as well as regional players are striving to strengthen their sales channels to maintain a stable supply of industrial gas products to its consumers. The growing usage of industrial gases from a wide range of industries is also creating a competitive environment for industrial gas producers. Large players cater to the maximum share of the industrial gas market, while small players are also focusing on innovation and better product and service quality to capture a greater market share.

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Driving Innovation in the Blockchain-oriented Services Industry: Trends and Outlook 2023-2030

Blockchain-oriented Services Industry | Forecast 2030

The global blockchain-oriented services industry generated over USD 29.09 billion in 2021 and is expected to grow at a CAGR of 41.3% over the forecast period. The market is segmented based on type, application, end users, and industry. BFSI segment held the largest share of blockchain-oriented services revenue. Leveraging blockchain technology in businesses can improve operational efficiency in BFSI sector. For instance, digital asset owners such as cryptocurrency holders can earn interest on their assets without giving up control of their assets. Contrary to the traditional system, wherein depositors rely on banks to hold assets, digital asset owners leverage non-custodial wallets to hold their funds, representing an account on the blockchain network.

Access the Global Blockchain-oriented Services Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

One of the key elements expected to drive the growth of the market include the growing investments from venture capital firms in blockchain-oriented services companies. Additionally, the legalization of cryptocurrency encourages investors and business owners to invest more in blockchain-oriented services market. BTL Group Ltd, Chain, Inc, Circle Internet Financial Limited, and DeloitteTouche Tohmatsu Limited are some of the key players spearheading the growth of these applications.

Decentralized Finance Market Growth & Trends

The global decentralized finance market size is expected to reach USD 231.19 billion by 2030, expanding at a CAGR of 46.0% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The Decentralized Finance (DeFi) market is experiencing significant growth in terms of revenue attributed to the rapid technological advancements and continuous innovation within the crypto industry. In addition, the market’s expansion is propelled by the high level of transparency and real-time settlement capabilities offered by DeFi networks.

In April 2023, Life DeFi, a prominent decentralized finance ecosystem, unveiled its latest collaboration with a Web3 infrastructure provider, Validation Cloud. This strategic partnership aims to empower retail users by enabling them to easily stake their digital assets directly from the Life DeFi Wallet mobile applications. Leveraging the robust validator nodes offered by Validation Cloud, this collaboration ensures a seamless, trustworthy, and secure staking experience for users of the Life DeFi platform.

Order your copy of Free Sample of “Blockchain-oriented Services Industry Data Book – Decentralized Finance, Blockchain Messaging Apps, Decentralized Identity, Non-fungible Token, Web 3.0 Blockchain Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Blockchain Messaging Apps Market Growth & Trends

The global blockchain messaging apps market size is expected to reach USD 536.5 million by 2030, growing at a CAGR of 43.6% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The rising demand for data privacy and increasing advancements in Web 3.0 across the globe is anticipated to drive market growth. For instance, according to the Electric Capital Developer Report 2021, more than 18,416 monthly active Web3 developers are working on open-source crypto and Web 3.0 projects.

The rapid rise in access to the internet and frequent development in internet speed with the deployment of the 5G and 6G technologies are further expected to fuel the market’s growth. For instance, according to DataReportal 2022, around 5.07 billion people worldwide have access to and use the internet, equivalent to almost 63.5% of the total world’s population. Furthermore, the inadequate security offered by traditional messaging platforms is expected to create demand for blockchain messaging apps owing to their high-security feature.

Decentralized Identity Market Growth & Trends

The global decentralized identity market size is projected to reach USD 102.00 billion by 2030, growing at a CAGR of 90.3% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The rising need for interoperability between different identity systems is accentuating the acceptance of decentralized identity. In today’s interconnected world, individuals often interact with multiple platforms and services that have their separate identity systems.

Decentralized identity solutions provide a standardized framework for identity verification that can be seamlessly integrated across various platforms, enabling interoperability and enhancing user convenience. Furthermore, the impulse for self-sovereign identity is an important driver for market growth. Decentralized identity solutions empower individuals with self-sovereign identities, giving them the freedom to manage and share their identity information as they see fit.

Non-fungible Token Market Growth & Trends

The global non-fungible token market size is anticipated to reach USD 211.7 billion by 2030, registering a CAGR of 34.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing demand for digital art worldwide is one of the major factors driving market growth. Digital art is defined as the art that is displayed or created using digital technologies. The growing use of cryptocurrency globally is also anticipated to drive market growth. This is because people use cryptocurrency to purchase digital assets. According to CoinMarketCap, as of February 2022, the total global capitalization of cryptocurrency is USD 1.76 trillion, making it equivalent to the world’s 8th largest economy. The market growth of non-fungible token (NFT) companies is further supported by the substantial funding they have raised.

Go through the table of content of Blockchain-oriented Services Industry Data Book to get a better understanding of the Coverage & Scope of the study

Web 3.0 Market Growth & Trends

The global web 3.0 market is anticipated to reach USD 33.53 billion by 2030. The market is expected to expand at a CAGR of 49.3% during the forecast period, according to a new report by Grand View Research, Inc. The ability of Web 3.0 to authorize the users to use the decentralized blockchain technology for accessing the decentralized applications is the major factor driving the market growth. Web 3.0 provides perception based on the users’ search content and allows them to control their data on websites.

Web 3.0 technology is also used in social network platforms that aim to improve the customer experience, such as how customers communicate, interact and form communities. Rising investments in Web 3.0 blockchain technology to expand its application is a significant factor driving the growth of the industry. For instance, according to the statistics of Venture Intelligence, a financial analysis company, Web 3.0 and crypto startups have raised more than USD 1 billion in funding across 43 deals in the first six months of 2022.

Competitive Landscape

The key players in the market are focused on strategies, such as mergers & acquisitions, partnerships, and collaboration to strengthen their market position. For instance, in December 2020, Ripple announced its partnership with Novatti, a fintech and digital payments company based in Australia. This partnership helped Novatti to enable real-time remittance between Asia and Australia. Additionally, they have obtained approvals to launch their products across various countries. In May 2019, Microsoft Corporation launched Azure Blockchain Services. The services helped users in the formation, management, and governance of consortium blockchain networks and allowed businesses to build applications based on the blockchain technology.

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