Power Bank Market Size Worth $27.8 Billion By 2027

The global power bank market size is anticipated to reach USD 27.8 billion by 2027, according to a new report by Grand View Research., registering a CAGR of 18.4% from 2020 to 2027. Currently, a power bank is considered an essential mobile accessory. The increasing demand for power banks has led to a reduction in their prices. Furthermore, high competition in the market reduces the total cost of ownership of the power bank. Increasing use of the internet and insufficient battery capacity of smartphones and other mobile consumer electronic products are the key factors driving the growth in sales of power banks globally.

An increase in GDP, higher consumer purchasing power, and improved standard of living are propelling the growth of the electronics market. The demand for power banks has increased owing to the low battery capacity of smartphones and tablets. Power banks with 8,001 mAh–20,000 mAh battery capacity are expected to gain high traction in the power bank market owing to the capacity of a power bank to charge a device multiple times.

The Asia Pacific region dominated the global market in terms of revenue in 2019. Growing population, developments in digitization, increasing affordability of the product, and rising penetration of e-commerce in the electronics industry drive the product adoption across the region. The regional market is expected to witness a significant gain in revenue share over the forecast period owing to its large population and high demand for e-commerce across various industries of the region.

For the past decade, smartphones have ruled the market due to technological advancements and user-friendly models. Smartphones are frequently used for social media, ordering food, mobile banking, online shopping, and other activities. This has resulted in the frequent consumption of data, which drains the battery of smartphones, thereby driving the demand for power banks. On the other hand, the improvement of batteries in smartphones and other consumer electronic devices would prove to be a key restraint for the market. Leading smartphone companies are continually working on improving battery life, and it is estimated that battery capacity improves by around 5% per year.

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Further key findings from the report suggest:

The online distribution channel segment is expected to witness substantial growth over the forecast period owing to the increasing penetration of e-commerce
The electric segment accounted for the largest power bank market share in 2019. However, the solar segment is expected to register the highest CAGR from 2020 to 2027 owing to the increasing demand for energy-efficient solutions
Online retailing plays a significant role in driving the product demand with convenient options such as cash on delivery and tariff concessions
On the basis of battery type, lithium-ion batteries are expected to retain their leading position through the forecast period. Lithium-ion batteries have high energy density and reduce greenhouse gas emissions
U.S., China, Japan, India, and Mexico are expected to witness considerable growth over the forecast period owing to robust industrial development and extensive urbanization
Key players in the market include Beijing Xiaomi Technology Co. Ltd.; Lenovo Group Ltd.; Microsoft Corporation; Panasonic Corporation; Sony Corporation; AsusTeK Computer Inc.; Anker Technology Co.; Intex Technologies; and Ambrane India Private Limited.

North America Long-term Care Software Market Worth $2.1 Billion By 2025

The North America long-term care software market size is anticipated to reach USD 2.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 12.4% over the forecast period. Aging baby boomers, growing incidence of chronic diseases, and government initiatives to include long-term care software in healthcare facilities are anticipated to drive the growth. With increasing demand for formal care, new technologies are being adopted to provide better and personalized care to the elderly, which is likely to further fuel the market during the forecast period.

The North America long-term care software market is likely to witness a high growth due to increasing geriatric population, awareness, and reforming healthcare infrastructure to provide affordable healthcare to senior citizens. According to the Health Trends Alberta projection, increasing geriatric population is expected to add USD 3.8 million to the health care costs of Canada by 2030.

Various strategic initiatives by market players are expected to boost the LTC software market growth. In August 2018, Mediware Information Systems acquired BlueStrata EHR to expand its long-term care software technology solutions. The acquisition is expected to support Mediware to meet healthcare needs of the aging population.

Moreover, various mergers and acquisitions are anticipated to fuel market growth. For instance, in October 2016, Netsmart acquired HealthMEDX to broaden its U.S. long-term care solutions for home care providers, nursing facilities, retirement communities, and assisted and independent living facilities.

Companies also focus on regional expansions through business collaborations. In April 2016, Good Shepherd Rehabilitation Network opted for Cerner Millennium clinical and financial management solutions to implement integrated Electronic Health Record (HER) system in 40 outpatient facilities in Eastern Pennsylvania, resulting in regional expansion for Cerner Corporation.

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Further key findings from the report suggest:

EHR accounted for the largest market share in 2017 owing to to better medical care and accurate patient information provided by the software
Cloud-based solution is anticipated to be the fastest growing segment during the forecast period due to cost-effectiveness, less operational issue, low investment, and ease of implementation with advanced security
U.S. dominated the North America long-term care software market and is likely to witness significant growth over the next decade due to rising aging population demanding long-term care coupled with need to lower the healthcare costs
Some of the key market players are Allscripts Healthcare Solutions, Inc.; Epic Systems Corporation; Cerner; McKesson Corporation; Omnicare; Omnicell, Inc.; MatrixCare; Optimus EMR; Netsmart; and PointClickCare.

Cancer Immunotherapy Drug Discovery Outsourcing Market Worth $1.7 Billion by 2025

The global cancer immunotherapy drug discovery outsourcing market size is projected to reach USD 1.7Billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 13.5% during the forecast period. Increasing prevalence of cancer and rising mortality associated with cancer, along with growing development in the field of cancer immunotherapy, are anticipated to stimulate the growth of the market.

Blue and white pill inside immersive interface over blue red background with atomic grid. Concept of hi tech in medicine. 3d rendering toned image

In order to maintain pace with the increasing competition in the cancer therapeutics industry, pharmaceutical companies spend 2.5% more than other high tech industries in the in-house R&D. Hence, they are swiftly shifting toward the outsourcing of drug discovery in order to achieve lower in-house R&D costs.

Additionally, favorable tax credit allows pharmaceutical companies to appropriately plan their global projects with a reputed CRO and therefore, receive benefits and reduce problems associated with taxation authorities or other bodies administering such incentive programs.

Several new molecules for cancer immunotherapy and new immunotherapeutic options, such as tumor-infiltrating lymphocytes, checkpoint inhibitors immunomodulators, and CAR-T cell therapy, have been introduced. Some are in the pipeline and are being tested for their ability to provide better cancer treatment

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https://www.grandviewresearch.com/industry-analysis/cancer-immunotherapy-drug-discovery-outsourcing-market

Further key findings from the report suggest:

Monoclonal antibodies emerged as the largest segment in 2017 because of increasing regulatory approvals and higher efficacy
Target identification and validation accounted for the largest share in the global market owing to higher costs incurred and increased investments in new drug development
North America dominated the market with the largest share in 2017. Rising incidence of cancer and increasing demand for novel technologies are facilitating the dominance of the region during the forecast period
Some of the key players are Covance, Inc.; Explicyte; Aquila BioMedical; Horizon Discovery Group PLC; Crown Bioscience, Inc.; Promega Corporation; HD Biosciences Co., Ltd.; BPS Bioscience, Inc.; Genscript Biotech Corporation; DiscoverX Corporation; Celentyx Ltd.; ImmunXperts SA; Personalis, Inc.; STC Biologics; and Molecular Imaging, Inc. dominated the cancer immunotherapy drug discovery outsourcing market.

Flexible & Semi-rigid Ureteroscopy Market Worth $1.12 Billion By 2025

The global flexible & semi-rigid ureteroscopy market size is expected to reach USD 1.12 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.1% over the forecast period. Increasing incidence of urolithiasis coupled with growing geriatric and obese population is likely to drive the market. Furthermore, introduction of technologically advanced products is also projected to drive the growth.

According to the U.S. Department of Commerce, in 2015, the world population was 7.3 billion, out of which around 8.5% or 617.1 million people were aged 65 years and more. The rapid increase in elderly population is likely to drive growth of the market for flexible and semi-rigid ureteroscopy over the forecast period.

Ureteroscopy is an ideal and safe choice for treating ureteral stones, tumors or strictures. Introduction of technologically advanced products in terms of size and design has allowed ureteroscopes to easily access ureter and kidney, eliminating the need for any surgical incision. Also, with semi-rigid and flexible ureteroscopes; almost all parts of urinary tract can be easily assessed, with high quality digital optics enabling accurate assessment of mucosal lesions and stones.

Introduction of technologically advanced products such as single-use ureteroscopes is driving the market. For instance, Boston Scientific launched LithoVue, a new single-use digital ureteroscope, in U.S. and Europe. It provides high-quality digital visualization and seamless navigation for constant clinical performance during each procedure. Flexible ureteroscopes was the largest product segment in 2017 and is likely to witness fastest growth over the forecast period. The wide usage of these products is attributed to their accuracy and cost effectiveness.

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https://www.grandviewresearch.com/industry-analysis/flexible-semi-rigid-ureteroscopy-market

Further key findings from the report suggest:

The urolithiasis segment is expected to hold largest market share, mainly due to the high prevalence of kidney stone
Hospitals was the largest segment of the flexible and semi-rigid ureteroscopy in 2017 as majority of diagnostic tests are performed in hospitals, mainly due to easy access
Ambulatory surgical centers segment is expected to witness significant growth over the forecast period. As the payers and government analyze costs and shift towards value-based care, outpatient surgery is likely to witness a rise
North America was the largest revenue generating region in 2017, followed by Europe. North America is the most well-established region in terms of usage of ureteroscopes and makes up most of the existing market
Asia Pacific is likely to witness the fastest growth over the forecast period due to unmet clinical needs and requirement for better diagnosis. Growing government initiatives and clinical research activities for advanced diagnostics are expected to further propel the regional growth
The players operating in this space are Boston Scientific, Olympus, Karl Storz Medical AG, Stryker, Elmed Medical Systems, Maxer Endoscopy, Richard Wolf, and Vimex Endoscopy. Most companies adopt strategies such as geographic expansion, business collaborations, and introducing technologically advanced products to increase their market share.

Needle Market Size Worth USD 9.96 Billion By 2025

The global needle market size is expected to reach USD 9.96 billion in 2025 according to a new report by Grand View Research, Inc. The market is projected to witness a CAGR of 6.6% over the forecast period. Rising awareness regarding blood donation along with extensive R&D to develop advance needle technology with maximum safety and precision is expected to contribute to the market expansion in the years to come. The conventional needles segment led the global needle market in 2017, in terms of revenue share.

The safety needles segment is expected to witness the fastest CAGR during the forecast period due to reduced risk of needle stick injuries. Blood collection needles segment held a significant share of the global market in 2017 due to increasing awareness about blood donation and stringent regulations on blood screening. For instance, tests, such as Nucleic Acid Amplification Test (NAT) and ELISA, are mandatory in European countries including France, Germany, Spain, Italy, U.K., and Switzerland.

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https://www.grandviewresearch.com/industry-analysis/needles-market

Further key findings from the report suggest:

Hypodermic needles segment accounted for the majority share of the market in 2017. While, intravenous needles are likely to experience the fastest growth in the coming years
Stainless steel needles led the material segment in 2017 These needles have tough structure and high strength and resistance to corrosion
Europe held the largest market share in 2017 due to faster regulatory approvals of innovative devices and procedures
Asia Pacific is expected to be the fastest-growing regional market owing to increasing healthcare infrastructure and expenditure
Becton, Dickinson and Company; Stryker Corp.; Medtronic PLC; Ethicon, Inc.; Novo Nordisk A/S; Thermo Fisher Scientific, Inc.; Boston Scientific Corp.; Smiths Medical, Inc.; and Hilgenberg GmbH are some of the key companies in the global market

Waterborne Coatings Market Worth $82.9 Billion By 2025

The global waterborne coatings market is projected to reach USD 82.9 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to expand at CAGR of 5.7% over the forecast period.

3d illustration. Blue paint splashing out of cans. Isolated white background

The prices of raw materials used in manufacturing waterborne coatings are expected to have a significant impact on the production cost of the final product. The demand for these raw materials from other application industries is expected to impact their availability for manufacturing waterborne coatings.

Increasing construction spending and requirement for improved infrastructure, particularly in Asia Pacific, is expected to drive waterborne coatings market over the forecast period. The share of construction spending is expected to shift from developed regions of North America and Europe to developing regions of Asia Pacific.

Increase in production capacities and launch of new automobile models is expected to remain a key driving factor for waterborne coatings market in automobile applications. Growing automotive industry in emerging markets of Asia Pacific, Central & South America, and the Middle East & Africa is expected to be another major factor driving waterborne coatings market.

Automotive OEM application segment is expected to grow at the highest rate over the forecast period. Increasing middle-class income level coupled with rising living standard in emerging economies of Asia Pacific and Central & South America is projected to fuel the automotive sales. Low-cost of production of waterborne coatings coupled with longer shelf life is expected to drive the demand for these coatings in this application segment.

Stringent government regulations to lower VOC content in paints & coatings is expected to drive the demand for waterborne coatings in the North American market. Countries in this region such as U.S., Canada and Mexico are witnessing an increase in government stimulus packages after the global economic recession that hit the region. Factors such as rising employment rates and improvement in consumer confidence are expected to drive North America waterborne coatings demand over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/waterborne-coatings-market

Further key findings from the report suggest:

In terms of volume, the global revenue for architectural application is anticipated to reach USD 21.70 billion by 2025, growing at a CAGR of 4.4% from 2018 to 2025
Acrylic resin dominated the market in terms of revenue, with a market share of over 83.07% in 2017 and is expected to continue its dominance over the forecast period.
Some of the key companies present in the market include AkzoNobel N.V., BASF SE, Axalta Coating Systems LLC, Berger Paints India Ltd.; Kansai Paint Co., Ltd; Nippon Paint Holdings Company Ltd; and PPG Industries, Inc. among various others players.

Insulated Glass Adhesives & Sealants Market Worth $8.29 Billion By 2025

The global insulated glass adhesives & sealants market size is expected to reach USD 8.29 billion by 2025 expanding at a CAGR of 6.7%, according to a new report by Grand View Research, Inc. Rising demand for high-performance adhesives from automotive and construction sector is anticipated to drive the market growth. Insulated glass is extensively used in windows, doors, and windshield. Adhesives & sealants are used to fix insulated glass unit to an assembly. They help restrict the penetration of air, liquid, and solid particles and provide stability and strength to the unit. The high bonding speed, superior thermal stability, and extreme weather resistance offered by these adhesives are expected to augment their demand further.

Rising spending in the construction sector, especially in emerging economies of Asia Pacific and Middle East, owing to growing population and robust economic development is expected to positively impact the product penetration. The construction industry, especially in China and India, is estimated to grow at a significant rate owing to increasing demand for housing infrastructure. For instance, India has a requirement of investments worth USD 777.73 billion in infrastructure by 2022. This is expected to provide lucrative opportunities for the market. Polyurethane (PU) sealant acquired the highest market share in 2017 for bonding insulated glass. These high-grade solutions possess great impact and chemicals resistance. They are widely utilized across several industries, such as construction and automotive.

It requires a catalyst or an evaporation process with the help of air or heat, to complete the curing process. However, PU adhesives & sealants have some constraints like short shelf-life due to water absorption tendency and lengthy curing process. Silicone sealants segment is predicted to expand at the fastest CAGR during the estimate period on account of fast bonding speed and extreme weather resistance offered by these sealants. Silicone is considered as an ideal sealant for the colder temperature. Moreover, the longer lifespan as opposed to PU sealants is expected to drive the segment. Latin America is poised to witness significant growth in coming years. Booming automotive industry and increasing construction activities in the region are expected to drive the growth.

In addition, Latin American countries, such as Brazil, Mexico, and Argentina, are emerging as automobile manufacturing hubs owing to flexible regulations and availability of cheap labor. Major companies who have consolidated the market include Huntsman Corp., Henkel AG & Co. KGaA, Dow Corning, 3M Company, and Commerling. Acquisition and expansion are the key strategic initiatives undertaken by most of these companies to improve their market share and sustain competition. For instance, in January 2017, Momentive Performance Material acquired Sea Lion Technology, a U.S.-based chemical manufacturer. The deal comes as a part of business strategy to expand their silane manufacturing capacity.

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https://www.grandviewresearch.com/industry-analysis/adhesives-and-sealants-for-insulated-glass-market

Further key findings from the study suggest:

Polyurethane led the insulated glass adhesives & sealants market in 2017 with a revenue share of 31.9% owing to low cost and strong adhesion properties
In terms of volume, silicones are likely to witness the fastest CAGR over the forecast period due to high thermal stability and quick bonding speed offered by them
In terms of revenue, automotive & transportation segment is estimated to register the fastest CAGR of 7.2% from 2018 to 2025
Asia Pacific acquired the highest volume share of the global market in 2017 owing to rapid industrialization and increased construction activities in the region
Acquisition is a key strategy undertaken by the manufacturers to expand their product portfolio and gain competitive advantage

Polymer Market for Waste Management Worth $5.07 Billion By 2025

The global polymer market for waste management size is expected to reach USD 5.07 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a decent CAGR of 4.0% over the forecast period. Several characteristics of polymer resins, including good welding strength, chemical resistance, and excellent low-temperature performance, in waste management processes are expected to drive the industry. Polyvinyl Chloride (PVC) is one of the key raw materials used for manufacturing plastic-based flexible packaging materials.

The demand of polyvinyl chloride is highly dependent on the construction industry, as about 60 to 70% of the global demand is for pipe, siding, fitting, fencing, windows, and other applications. Increasing product demand from other end-use industries may result in tight raw material supply, hampering market growth. Polypropylene and polyethylene are thermoplastic polymers used in a variety of applications. Growth in the manufacturing and construction industry has been driving the polypropylene market over the past few years; however, its overproduction has led to a decrease in prices.

Rapidly expanding construction sector in India and China, on account of the presence of favorable regulatory support to improve the infrastructure at a domestic level, is expected to boost the utilization of geomembranes. This, in turn, is likely to augment the demand for polymers for waste management in this sector. Asia Pacific is expected to witness a rise in construction spending over the forecast period on account of rapid urbanization coupled with burgeoning population. Thus, growing construction sector, particularly in China and India, as a result of increasing disposable income and rising government spending on large infrastructural projects will support the market development.

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https://www.grandviewresearch.com/industry-analysis/polymer-market-for-waste-management

Further key findings from the study suggest:

In terms of revenue, Ethylene Propylene Diene Monomer (EPDM) is projected to ascend at a CAGR of 5.8% over the forecast period
Low-density Polyethylene (LDPE) is projected to exhibit a significant growth during the forecast years
Asia Pacific led the global polymer market for waste management in 2017 and is projected to continue the trend over the next few years
Growing awareness about the usage of engineering polymers in the construction industry is likely to open new growth opportunities for the regional market
Some of the prominent companies in the global market are ExxonMobil Corporation, E. I. du Pont de Nemours and Company, BASF SE, LyondellBasell Industries N.V., and Formosa Plastics Corporation, U.S.A.
Most of these industry participants are undertaking various initiatives, such as investments for capacity expansion, to maintain the market position

Silicone Solutions for Leather & Textiles Market Worth $760.7 Million By 2025

The global silicone solutions for leather & textiles market is expected to reach USD 760.7 million by 2025, according to a new report by Grand View Research, Inc. Rising demand for transparent silicone coatings in fabric manufacturing, owing to their superior properties such as improved durability as well as water, dirt, & temperature resistance is the key factor for industry growth.

Continuous fragmentation and growing competition among retailers are the key factors anticipated to propel the consumption of leather over the next few years. Increasing demand for leather in footwear, wallets, luggage, jackets, and belts is anticipated to spur the market demand for silicone-based chemicals in the industry.

Furthermore, silicone is used in various applications including soles, laces, and 3D printing in footwear industry. With respect to this, increasing efforts by manufacturers such as Kenneth Cole, Alberto Torresi, Blackberrys, and Louis Philippe in developing innovative and unique footwear designs are projected to boost the growth of footwear segment in leather industry. This, in turn, is likely to drive the silicone market in the leather industry.

Over the past few years, the manufacturing industry has been increasing expenditure for the incorporation of good quality safety equipment in shop floors, and utility operating places. Furthermore, product innovation by companies including 3M and DuPont for the enhancement of advanced protective clothing catering to the manufacturing sector is expected to play a crucial role in increasing demand for silicone in textile industry in the near future.

Continuing further, technological innovation in terms of the emergence of smart textile products in the electronics-manufacturing sector as a result of the capability to implement distinguished technologically advanced operations including reacting and sensing to the surrounding is likely to remain as a major factor positively influencing market growth over the next eight years.

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https://www.grandviewresearch.com/industry-analysis/silicone-solutions-for-leather-&-textiles-market

Further key findings from the report suggest:

In terms of revenue, the leather segment is projected to ascend at a CAGR of 3.7% over the forecast period
Textiles application dominated the global silicone market in textile & leather industry with a global market share of over 93.5% in 2017
The U.S. silicone market in textile & leather industry is anticipated to exceed 20.6 kilotons by 2025
Significant gains in the automotive manufacturing sector in emerging economies including China, India, and Mexico as a result of favorable government schemes aimed to promote investments is expected to increase the requirement of textile products.
Asia Pacific had a strong customer base and accounted for 42.5% of the overall market revenue share in 2017. Ascending demand for textile and apparel and increased demand for technical textiles are factors expected to boost the market growth over the forecast period. The aforementioned scenario is likely to be reflected in key countries such as India, China, Japan, and Australia in the coming years.
The industry is characterized by mergers & acquisitions, capacity expansion, distribution & branding, research & development to improve the market share of manufacturers
Some of the key companies present in the industry are The Dow Chemical Company, Wacker Chemie AG, Lanxess, Momentive Performance Materials, Inc., and Elkem ASA, The CHT Group, Arihant Dyechem, Elkay Chemicals Pvt. Ltd., Siltech Corporation, and Shin-Etsu Chemical Co., Ltd.

Fiberglass Fabric Market Worth $14.93 Billion By 2025

The global fiberglass fabric market size is expected to reach USD 14.93 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.1% during the forecast period. Rising penetration of the product in the electronics industry for manufacturing of printed circuit boards (PCB) is expected to drive the market.

Fiberglass wind turbine blades are constructed using stranded E-glass and S-glass fabrics stitched together and impregnated with vinyl ester, polyester, or epoxy matrix. These composites offer high strength for manufacturing lightweight and efficient rotor blades for large wind turbines maintaining cost efficiency.

The product offer superior properties such as high electric insulation, tensile strength, and corrosion and chemical resistance. Increasing R&D to improve product performance, wrapping, weaving, cleaning, and finishing to offer different weave patterns suitable for industry-specific applications are poised to work in favor of the market.

The glass fiber production technology and unique post-processing systems have a significant impact on quality of manufactured fiberglass fabric. Innovation and development of new technologies to obtain superior product quality for high-tech aerospace & defense and electronics industry applications have tremendous impact on competitive environment.

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https://www.grandviewresearch.com/industry-analysis/fiberglass-fabric-market

Further key findings from the report suggest:

The E-glass segment accounted for over 80.0% of the revenue share in 2017 on account of superior physical and mechanical properties such as high strength and stiffness and high temperature, flame and heat resistance
The nonwoven fiberglass fabrics segment is anticipated to register a CAGR of 6.3% in terms of revenue from 2017 to 2025 owing to its advantages over woven such as increased impact resistance, thermal insulation, and liquid repelling ability
The application of fiberglass fabric in the construction industry accounted for 25.8% of the revenue share in 2017 on account of its increasing demand in the construction industry to mask cracks and improve integrity of walls and ceiling
Fiberglass fabric in wind energy application is anticipated to register a CAGR of 7.3% in terms of revenue during the forecast period owing to its electrical insulation and lightweight characteristics, which aids in improving efficiency of wind turbines and their energy output
The industry in Central & South America is expected to register a growth of 7.3% owing to rising demand for the product in application industries including automotive, aerospace & defense, and electrical & electronics
Major players in the industry focus on research & development activities to identify new market opportunities and product development on the basis of requirements from the application industries