Alpha Olefin Market Size Worth $12.58 Billion By 2025

The global alpha olefin market size is projected to reach USD 11.5 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 4.8% CAGR during the forecast period. Increasing demand for polyethylene and synthetic lubricants is driving demand for these products.

Increasing polyethylene demand from various end-use industries is expected to remain a key driving factor for the global market. Surge in demand can be attributed to its easy processability, versatility, recyclability, and low cost of production. Growing population and increasing consumer spending, coupled with increasing industrial output in emerging markets of China, India, Brazil, and Mexico, have fueled polyethylene consumption.

Growing demand for polyalphaolefin in synthetic lubricants, because of its ability to protect engines from wear and tear damages, is also expected to fuel market growth over the forecast period. Synthetic lubricants exhibit high demand owing to increasing usage in industrial, automotive, marine, and aerospace industries. These lubricants are gaining wide acceptance due to its benefits such as reduction in oil consumption and increased thermal stability.

Increasing oilfield activities and petrochemical production in Middle East have propelled ethylene production, thereby assisting the growth of the alpha olefin market in the region. Major manufacturers are also aiming to shift their production base in MEA, owing to the abundant availability of raw material.

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Further key findings from the report suggest:

By product, the 1-Hexene segment is anticipated to exhibit a revenue-based CAGR of 5.8% from 2019 to 2025. It is used in large quantities in the production of polyethylene, which is used in various end-use industries such as packaging, consumer goods, and automotive
By application, polyethylene production dominated the market in terms of revenue, with a share of over 53.0% in 2018 owing to growing need for lightweight, durable plastics. Infrastructural development in emerging countries such as China, India, and Brazil has boosted demand for high-density polyethylene (HDPE) pipes and cables
The U.S. alpha olefin market is anticipated to exceed 1,541 kilotons by 2025, owing to abundant availability of raw material, which has spurred industrialization in the country
Industry participants are focusing on developing new and sustainable products, along with various R&D activities to fulfill the demand stemming from local markets
Some of the key industry participants are Chevron Phillips Chemical Company LLC, Dow Chemical Co., ExxonMobil Corporation, and Petrochemicals (Malaysia) Sdn. Bhd.

Automotive Adhesive Tapes Market Size Worth $7.1 Billion By 2025

The global automotive adhesive tapes market size is expected to reach USD 7.1 billion by 2025; progressing at a CAGR of 4.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising substitution of metal fasteners in automobile design backed by growing emphasis on aesthetics is expected to positively impact the growth.

Increasing usage in bonding, moldings, garnishes, emblem, and bumpers is expected to propel the overall market growth over the forecast period. In addition, superior adhesion and impact dampening properties of automotive adhesive tapes are expected to boost its demand over the forecast period.

Development of reinforced tapes, coupled with rising adoption in the automotive industry for OEM and aftermarket applications, is likely to drive the automotive adhesive tapes market over the next few years. In addition, growing focus on development of lightweight and fuel-efficient vehicles is expected to boost the product demand.

Growth in the usage of silicon-based resins as binder or modifier in coating formulations to impart additional stability is expected to benefit the market expansion. In addition, rising efforts to develop bio-degradable pressure sensitive products for automotive applications are expected to positively impact the growth.

Superior performance characteristics exhibited by tapes such as no residual adhesive marks for the area covered under the product as well as adhesion of non-uniform surfaces are likely to augment the product demand. These tapes are suitable for applications that are subjected to high curing temperatures.

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Further key findings from the study suggest:

Specialty product segment is expected to register a CAGR of 6.1% from 2019 to 2025, on account of superior features of the product such as good shear strength, abrasion and temperature resistance, and conformance to non-uniform surfaces
Double-sided tapes generated a revenue of USD 2.2 billion in 2018 and is expected to witness notable growth owing to rise in the use of the product for bonding application in interior and exterior of automobiles
In Asia Pacific, China accounted for the largest market share with over 47.0% in terms of revenue in 2018 owing to presence of key passenger car and LCV manufacturers
Major companies in the automotive adhesive tapes market lay emphasis on the development of advanced products with superior aesthetics and eco-friendly properties to gain competitive edge.

Geomembrane Market Size Worth $2.43 Billion By 2025

The global geomembrane market size is expected to reach USD 2.43 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.9% over the forecast period. Expansion of the agriculture sector and increasing production capacity of shell gas are the major growth drivers.

Geomembrane can be used as a lining system in commercial buildings, residential structures, and infrastructure. Booming construction sector in South East Asia is projected to benefit the market expansion. Indonesia, Malaysia, Thailand, and Vietnam are expected to witness growth owing to increasing construction spending for developing residential and commercial buildings. Indonesia is one of the most populous countries in the world and the construction sector plays an important role in its economy.

China’s National Energy Administration (NEA) and the Chinese Government plans to accelerate the advancement of the country’s shale gas industry. The Chinese Government further supports the development process by offering financial support to qualifying developments. In addition, presence of large shale gas reserves in China, Australia, and India is expected to drive the shale gas market.

Booming metals and mining sector in emerging countries is estimated to benefit market expansion in the forthcoming years. India will witness significant surge in the metal and mining sector owing to infrastructural development, rising automotive production, and growth of power and construction sector. Ample resources including iron ore, bauxite, and coal are expected to create new opportunities over the forecast period. Presence of major players including Coal India Limited, Hindalco, National Mineral Development Corporation Ltd., NALCO, BALCO, Singareni Collieries Company, Reliance Natural Resources, and SAIL will propel the mining sector growth in the country.

Rising importance of geosynthetic materials in the construction and mining sectors on account of favorable properties, such as drainage control, containment, and landfill control, has compelled companies to increase their expenditure on the development of new products, including geosynthetic clay liner and geonets.

Geosynthetic clay liner is expected to remain one of the superior products that finds applications in providing landfill cover as well as containment control in the mining and construction industries. It can be used in numerous applications including highway and civil construction, mining, ponds, landfill, secondary containment, and landfill caps.

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Further key findings from the study suggest:

In terms of revenue, HDPE raw material segment is anticipated to reach USD 762.3 million by 2025 at a CAGR of 4.7%
In terms of revenue, waste management application segment is projected to expand at a CAGR of 4.5% over the forecast period
In terms of revenue, mining application segment led with a market share of 39.4% in 2018
The Europe geomembrane market is anticipated to reach 241.1 million square meters by 2025
In terms of revenue, Middle East and Africa is projected to register a CAGR of 6.0% over the forecast period. Growth of mining sector is projected to contribute to the regional expansion
Some of the key companies present in the market are CETCO; GSE Holding, Inc.; Geofabrics Australasia Pty. Ltd; AGRU Kunststofftechnik GmbH; and Carthage Mills Erosion Control Company, Inc.

3D Display Market Size Worth $204.16 Billion By 2025

The global 3D display market size is expected to reach USD 204.16 billion by 2025, according to a new study by Grand View Research, Inc., exhibiting a CAGR of 19.4% during the forecast period. Surging demand for enhanced imaging and viewing experience is estimated to be one of the key trends augmenting the market. Rising use of 3D technologies across a variety of applications in several industries will further boost market growth.

North America was the leading revenue contributor in 2016. However, it is projected that Asia Pacific will witness significant growth and become the highest revenue generating regional market by 2025. Robust growth of the entertainment and gaming industries, especially in Japan, China, and India, is poised to play a vital role in revving up the adoption rate over the forecast period. Presence of major OEMs is contributing significantly toward regional growth.

Stereoscopic 3D products are useful in numerous applications including TVs, smartphones, tablets, and computers. Key players in the market have introduced compatibility in head mounted display (HMD) with minimum hardware requirement. Multinational conglomerates such as Sony and Samsung prominently operate in the business of HMD.

Emerging display technologies such as OLED are likely to gain increased market penetration over the forecast period owing to increasing implementation in various devices, thereby offering improved picture quality and performance. However, lack of compatible content and high cost of these products are expected to negatively impact the overall market.

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Further key findings from the report suggest:

The HMD product segment is anticipated to witness significant growth at a CAGR of over 25.0% from 2017 to 2025. The growth of the segment can be attributed to advancements in the technology and lower prices of these displays
The stereoscopic segment represented more than two thirds of the market revenue in 2016. Advancements in autostereoscopic technology are poised to trigger the growth of this segment
The OLED segment is projected to post a CAGR of 27.4% during the forecast period, owing to increasing adoption of OLED displays in numerous electronic devices such as TV, smartphones, tablets, and laptops
TV was the most prominent application segment in 2016, representing closet to 75.0% of the overall market revenue. Consumer electronics manufacturers (CEMs) are trying to enhance viewing experience of users by incorporating 3D display technologies
Asia Pacific is likely to experience the highest growth over the forecast period. Changing consumer preferences in developing economies and flourishing entertainment and gaming industries are escalating the demand for 3D displays
Global players include Samsung, LG, Sony, Toshiba, Sharp, Panasonic, Nikon, Canon, and Fujifilm. These key players are adopting organic and inorganic growth strategies such as investments in R&D, product innovation, and M&A activities to acquire larger industry share.

Surge Protection Devices Market Size Worth $3.39 Billion By 2025

The global surge protection devices market size is expected to reach USD 3.39 billion by 2025, according to a new study by Grand View Research, Inc. The high costs incurred due to electrical equipment downtime are expected to surge the demand for these devices over the forecast period.

The need for protection against lightning and voltage fluctuations has triggered the implementation of surge protection devices (SPDs). These devices are available in various types, which are used in an electrical distribution system depending on location requirements. Surge protection devices also ensure the proper functioning of electrical equipment during surges caused by lightning strikes. Thus, the implementation of SPDs is of prime importance for any business or residential and commercial buildings.

The Asia Pacific region is one of the key regions for outsourcing services, owing to favorable government policies. This has led to significant growth in the number of data centers across the region. As these data centers store information of high importance to the user, any failure in their functioning, due to downtime caused by an electrical surge, would lead to heavy losses. Moreover, increasing renewable energy generation projects across rural regions are further expected to bolster the use of SPDs.

The rise in disposable income has enabled the adoption of expensive consumer electronics. As these electronic products are subject to regular internal surges, it is essential to safeguard them. Furthermore, in developed regions, the well-established information technology industry is encouraging the use of surge protection devices on a large-scale for protecting electronic hardware such as data servers, desktops, and electrical supply equipment.

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Further key findings from the study suggest:

The type 2 SPD segment was valued at USD 610.1 million in 2016
The growing number of hospitals in developing economies, such as India and China, along with widespread healthcare network in developed countries, is anticipated to foster surge protection device market growth
Increased electrification of rail networks, coupled with the growing popularity of electric vehicles and their required infrastructure, is predicted to boost the growth prospects of SPDs in the near future
The North American region is expected to significantly contribute to the industry growth and represented the largest market size with USD 778.3 million in 2016, owing to the widespread awareness of the benefits of SPDs
The key industry participants include ABB Ltd, Advanced Protection Technologies, Inc., G Power, and Industrial Solutions Limited, Eaton Corporation PLC, Emerson Electrical Co., General Electric, Legrand S.A., Schneider Electric, Siemens AG, and Tripp Lite

Cyber Warfare Market Worth $91.75 Billion By 2025

The global cyber warfare market is expected to reach USD 91.75 billion by 2025, according to a new study by Grand View Research, Inc. The increasing number of cyber-attacks are emerging as a significant threat across the globe. The dependence of organizations on information technology and the valuable & sensitive nature of digitally-stored data have raised the stake for cyber attackers whose primary motive is to disrupt economic growth and gain technological advantages by stealing intellectual properties of national defense forces. Increased concern towards catastrophic nature of cyber warfare and national security are factors anticipated to drive the market over the forecast period.

Cyberspace disruption capabilities have outstripped nation’s focus on terrorism. The increasing cyber-attacks such as abusing digital infrastructure and network infiltration within industries and defense sector have led the government to focus more on cyberspace vulnerabilities. The growing digitization in different nations is leading to increase in data and security breaches, resulting in cyber-crime. In light of the growing cyber incidence, increased cybersecurity spending is proposed, and warfare units are established by the governments aimed to protect nation’s sensitive information and deter potential of the cyber threat. Moreover, governments have developed more sophisticated cyber military capabilities to mitigate the emerging threats.

Increasing application of cyber warfare system within the corporate sector can be attributed to growing number of security threats amid defense contractor companies. The data breaches have compromised sensitive information such as blueprints, project details and testing results & reports from the companies which are the important factor for national security. The increasing breaches are impelling many organizations to make investments in security enforcement and detection tools. Moreover, to deter cyber espionage, monitor, and subvert other nations’ defense systems by infiltrating defense contractor system, application of cyber warfare system in the corporate sector is anticipated to drive market growth.

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Further key findings from the study suggest:

The defense application segment is estimated retain its dominance in the market and is projected to reach USD 27.94 billion by 2025.
The government application segment is anticipated to register a healthy CAGR of 19.1% over the forecast period.
The corporate application segment is anticipated to witness a high CAGR of 19.8% over the forecast period.
North America was valued at USD 8.22 billion in 2016 and is expected to hold a dominant share in the market by 2025. The region was followed by Europe which held a market share of 25.44% in 2016 of the overall market share.
Asia Pacific region is anticipated to be the fastest growing region for the cyber warfare market, growing at of CAGR of 21.1% over the forecast period.
The key players in cyber warfare market include BAE System Plc, Boeing, General Dynamic Corporation, Lockheed Martin Corporation, and Raytheon Company, among others.

Intraoperative Imaging Market Worth $4.44 Billion By 2026

The global intraoperative imaging market size is anticipated to reach USD 4.44 Billion by 2026, registering a 5.9% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Rising demand for minimal invasive surgical solutions and increasing application of intraoperative imaging technology in neuro and orthopedic surgeries is expected to contribute towards the growth of the market.

Improving quality of healthcare services especially in the developing countries and stringent guidelines towards patient safety is leading to boost the adoption of advance intraoperative technology. Moreover, adoption of intraoperative devices has helped healthcare facilities in saving costs on repeat operation, thus significantly decreasing overall financial burden on patients

Increasing incidence of neurological disorders such as Parkinson’s, stroke, epilepsy, Alzheimer’s, and dementia is expected to drive the demand for advanced brain surgery solutions including intraoperative imaging. Furthermore, rapidly growing number of spinal fusion and other orthopedic surgeries such as knee and hip replacements and growing trends of minimally invasive procedures installing implants is expected to fuel the market.

Technological advancement in intraoperative Imaging systems is an emerging trend witnessed in the market. These developments include 3D, 4D imaging technology coupled with an efficient guiding and dose management systems which doesn’t affect the surgical procedure time. Such growing development in Intraoperative imaging devices is expected to drive the market during the forecast period.

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Further key findings from the report suggest:

Based on the product, iCT holds the largest market share and is also expected to grow at a significant rate over the forecast period. Wider application of iCT across several surgical procedures coupled with introduction of innovative technology such as C-arm CT system, low dose exposure systems, pediatric intraoperative CT systems, is expected to propel intraoperative imaging market growth.
Based on Application, neurosurgery and orthopedic surgery market are leading the market. The driving factors are the growing prevalence of neurological disorders across the globe and increasing number of surgeries such as spinal fusion, knee replacement.
Hospital held the largest market share in 2018. Larger patient pool, rising adoption to minimal invasive surgeries, availability of specialist surgeons, and advance technology is expected to propel the growth of this segment.
North America held the largest market share in 2018. Presence of major market players and developed healthcare infrastructure is expected to contribute towards the growth of market in this region.
Asia Pacific is expected to grow at the fastest rate over the forecast period due to rapidly developing economy and healthcare services especially in the countries like India and Indonesia. The increasing popularity of intraoperative imaging technology coupled with large unmet needs in the regions of Asia Pacific is expected to drive the growth of this market.

Spine Biologics Market Size Worth $2.5 Billion By 2026

The global spine biologics market size is expected to reach USD 2.5 billion by 2026, according to a new report by Grand View Research, Inc., registering a 4.2% CAGR over the forecast period. The market is primarily driven by increasing incidence of spinal injuries. Prevalence of spinal deformities has been on a rise in developed and underdeveloped countries and this has resulted in an increase in the number of surgeries being carried. This has had a positive impact on the market for spine biologics.

Apart from this, growing awareness about numerous advantages of biologics in spine fusion surgeries, such as minimal postoperative time and ability to activate cellular growth, has also propelled the market. Biomaterials and bone graft substitutes are being adopted as the choice of treatment for spinal deformities. Increasing percentage of the elderly population suffering from spinal disorders and rising adoption of these products as a treatment method is anticipated to boost the market for spine biologics over the forecast period.

The geriatric population is more prone to spondylolisthesis and degeneration of disc. This, coupled with increasing number of trauma cases due to road accidents and sports injuries, is driving demand for spine biologics. According to the Open Access Journal for Minimally Invasive Surgery (MIS) published in 2018, minimally invasive techniques are being adopted for the treatment of a wide range of spine pathologies. Approximately 400,000 cases are performed in the U.S. annually and spine fusion has turned out to be one of the most commonly performed and well-established treatment options for spine trauma, degenerative disorders, tumors, and structural abnormalities.

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Further key findings from the report suggest:

Many clinicians consider spinal allografts as the gold standard for spinal fusion. The use of biologics influences surgical outcomes as it helps in improving fusion rates and reducing pain. This driven the segment to account for the dominant revenue share
Hospitals held the leading share in terms of end use in 2018 owing to availability of highly skilled professionals and increasing number of spine surgeries performed. Ambulatory Surgery Centers (ASC), on the other hand, are anticipated to witness lucrative growth over the forecast period
North America captured the largest share in the market in 2018, owing to presence of well-established healthcare infrastructure, high awareness among surgeons pertinent to bone graft procedures, and availability of favorable reimbursement policies
Asia Pacific is anticipated to show significant growth through 2026. Booming medical tourism industry offering advanced healthcare services at affordable costs is the key factor driving the regional spine biologics market
Some of the key companies are Stryker; Orthofix International N.V.; K2M Inc.; Exactech Inc.; Wright Medical Technology Inc.; DePuy Synthes Companies; Zimmer Holding Inc.; Nuvasive Inc.; and Medtronic Inc. Strategic acquisitions and presence of new entrants are making the market immensely competitive.

Hearing Aids Market Size Worth $7.3 Billion By 2025

The global hearing aids market size is expected to reach USD 7.3 billion by 2025, expanding at a CAGR of 4.6% over the forecast period, according to a report by Grand View Research, Inc. Increasing adoption of hearing aids, growing awareness about technologically advanced products for treatment of auditory loss, and rising prevalence of auditory loss are some of the factors contributing to the market growth over the forecast period.

Behind-the-ear hearing aids was the largest product type segment in 2018 and is expected to grow at a lucrative rate over the forecast period. This is because they are easy to handle and clean and are more preferred by younger population. Moreover, they can fit into various ear molds and don’t need device replacement as the child grows. With technological advances, new products such as the Mini BTE have been developed, which are smaller in size and provide more comfort.

The digital technology dominated the market in 2018 and is expected to retain its position over the forecast period. Digital technology hearing aids are technologically advanced and can be programmed according to the external environment to amplify sound and reduce noise, thus providing an enhanced auditory experience.

The retail sales channel segment dominated the market in 2018 and is expected to grow at a lucrative rate over the forecast period. This can be attributed to higher profit margin in retail stores and increasing number of companies investing in company-owned retail stores to gain higher revenue share. In addition, companies such as William Demant Holding A/S, Starkey, and GN Hearing are undertaking expansion strategies to increase the number of company-owned retail stores.

Europe dominated the market in 2018 with a revenue of USD 2.2 billion and is expected to grow at a lucrative rate over the forecast period. This is owing to increase in prevalence of auditory loss, growing awareness about various treatment options, and rising adoption of hearing aids. Asia Pacific is anticipated to exhibit the fastest growth, due to large population base, coupled with increasing geriatric population, easy availability and accessibility of hearing aids.

Some of the key market players in the market are Phonak; Benson Hearing; GN Store Nord A/S; Starkey; MED-EL.; William Demant Holding A/S; Medtronic; WIDEX USA, INC.; and Sivantos Pte. Ltd. These companies focus on technological innovations, new product launches, and regional expansion to gain a competitive edge.

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https://www.grandviewresearch.com/industry-analysis/hearing-aids-market

Further key findings from the study suggest:

Behind-the-ear hearing aids was the largest product segment and is expected to grow at a lucrative rate over the forecast period due to ease of handling and technological advances
The digital technology dominated the market in 2018 owing to technological advancements and additional advantages over its analog counterparts, including amplified sound and reduced external noise
Retail sales channel dominated the hearing aids market in 2018 with a revenue of USD 3.9 billion due to high profit margins in retail sales and increasing number of companies investing in company-owned retail stores
Asia Pacific is anticipated to witness the fastest growth with a CAGR of 7.3% owing to high population base, coupled with increasing geriatric population, and easy availability and accessibility of hearing aids
Some of the key players are Phonak; Benson Hearing; GN Store Nord A/S; Starkey; MED-EL.; William Demant Holding A/S; Medtronic; WIDEX USA, INC.; and Sivantos Pte. Ltd.

Aluminum Composite Panels Market Size Worth $8.27 Billion By 2025

The global aluminum composite panels market size is expected to reach USD 8.27 billion by 2025 registering a CAGR of 6.4%, according to a new report by Grand View Research, Inc. Superior properties of ACPs, including corrosion and wear resistance and fire protection renders the product very useful for external cladding, ceiling, flooring, and internal wall cladding functions in the construction industry. Thus, rapid growth of the construction and infrastructure industries, most notably in emerging economies, is expected to drive the market. Growing automotive production in emerging countries coupled with rising usage of ACPs, as they are lighter than steel, is expected to benefit the overall market growth.

In addition, recyclability of automotive aluminum scrap is also likely to provide impetus to the consumption of product in automotive application. Eco-friendly characteristics of ACPs coupled with increasing adoption of green buildings is projected to fuel the product demand over the forecast period. Thermal and acoustic insulation offered by the product is also projected to increase its applications in modern construction. The market is moving towards consolidation on the back of the increasing application scope of the product. However, lack of process integration and competitive pricing strategies are expected to keep the competitive rivalry high in the global market over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/aluminum-composite-panel-market

Further key findings from the study suggest:

The global aluminum composite panels market was valued at USD 5.34 billion in 2018 and is expected to grow significantly during the forecast years due to rising product application scope in the construction industry
PVDF was the largest product segment in 2018 and is estimated to expand further due to high product demand as a result of superior properties, such as resistance to wear & tear, UV, and corrosion
The construction sector is anticipated to witness the highest CAGR over the forecast period on account of rapidly expanding construction industry in emerging economies, such China, India, and Brazil
Passenger cars emerged as the largest end-use segment in 2018 on account increased usage of ACPs as they are lighter than steel
The Asia Pacific market is projected to register the maximum CAGR of 7.3% over the estimate period primarily due to increased infrastructure development and construction activities in the region