Nasal Drug Delivery Systems Market Worth $67.99 Billion By 2025

The global nasal drug delivery systems market size is expected to reach USD 67.99 billion by 2025 expanding at 6.5% CAGR, according to a new report by Grand View Research, Inc. Rising awareness about nasal products is one of the major factors driving the market. Growing geriatric population is also expected to have positive impact on the market. According to the United Nations Department of Economic and Social Affairs, the global geriatric population (60 years and above), was around 962 million in 2017. The number is expected to grow, particularly in Latin America with 71% rise in population aged 60 and over, followed by Asia (66%), Africa (64%), North America (41%), and Europe (23%).

Moreover, ongoing product development and their expected commercialization will propel market growth over the forecast period. For instance, In April 2018, Dr. Reddy’s Laboratories, along with its subsidiary Promius Pharma, LLC, announced filing of their New Drug Application (NDA) for DFN-02, for the treatment of migraine. Increasing adoption of self-administration practices and focus on other alternative routes of drug delivery, such as nasal drug delivery, also offer growth opportunities for the market. Some of the key companies in the industry are AstraZeneca PLC; OptiNose, Inc.; Pfizer, Inc.; Becton, Dickinson and Company; Promius Pharma LLC; B.F. Ascher & Company, Inc.; and Cadila Pharmaceuticals Ltd.

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https://www.grandviewresearch.com/industry-analysis/nasal-drug-delivery-technology-system-market

Further key findings from the report suggest:

Nasal sprays led the dosage type segment in 2017 due to increased prevalence of asthma and other infectious diseases
On the other hand, nasal drops segment witnessed the fastest growth in 2017 owing to availability of cost-effective products with better efficacy
Non-pressurized containers segment led the market in 2017 due to continous development in nasal powders and gel products
Asthma was the dominant therapeutic application segment in 2017 and is estimated to be the fastest-growing segment with a CAGR of 7.0% during the forecast years due to increasing disease prevalence
Geographically, North America held the largest share in 2017. Asia Pacific is estimated to witness the fastest CAGR of 7.5% due to presence of key companies, such as Cipla Inc.
Some of the leading companies in the global nasal drug delivery technology market are GlaxoSmithKline PLC; AstraZeneca PLC; Pfizer, Inc.; OptiNose, Inc.; Becton, Dickinson and Company; Promius Pharma, LLC; Cadila Pharmaceuticals Ltd.; B.F. Ascher & Company, Inc.; PendoPharm, Inc.; Douglas Pharmaceuticals Ltd.; ENT Technologies Pty. Ltd.; and NAVEH Pharma Ltd.

Specialty NBR Market Size Worth $768.1 Million By 2025

The global specialty nitrile butadiene rubber market size is expected to reach USD 768.1 million by 2025 expanding at a CAGR of 4.2%, according to a new report by Grand View Research, Inc. Carboxylated NBR is expected to have a high market penetration on account of providing excellent resistance to oils and non-polar solvents. The demand for carboxylated NBR is likely to be driven by its ability to successfully replace polyurethane in the printing rubber roller application and to blend with various substances for durability, release, and temperature. Rising application of printing rubber rollers in abrasive products, glass industries, and conveying equipment is projected to drive the market growth.

Extensive usage of fillers in polymer processing for enhancing the mechanical properties as a result of rising awareness among buyers in automotive and construction sectors is projected to increase the demand for NBR. Gains in extrusion and calendaring segments in emerging economies including China and India on account of growing automotive and construction sectors are expected to fuel the product demand. Furthermore, application growth of gloves and masking tapes as a result of implementation of safety standards in the global manufacturing sector is expected to play a vital role in boosting the product usage in near future.

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https://www.grandviewresearch.com/industry-analysis/specialty-nitrile-butadiene-rubber-nbr-market

Further key findings from the study suggest:

Increasing demand for plastic components across several end-use applications, such as packaging, automotive, medical devices, and home appliances, will drive the market
In terms of revenue, liquid NBR segment is projected to ascend at a CAGR of 3.9% over the forecast period
Carboxylated NBR was the dominant segment in 2018 and accounting for the largest share of the global specialty NBR market
Extrusion & calendering application segment dominated the market in 2018 and accounted for a share of 49.8%
Well-established automotive industry coupled with growing automotive aftermarket in U.S. is estimated to propel gear, friction bearing, and bushes applications. This is likely to fuel the product demand
Zeon Corporation, JSR Corporation, and Lanxess AG are projected to remain the key market leaders over the projected period
Product innovation and partnerships with buyers for the development of customized products are projected to remain critical success factors for the industry participants

Elastomers Market Size Worth $109.2 Billion By 2025

The global elastomers market size is expected to reach USD 109.2 billion by 2025 expanding at a CAGR of 4.8%, according to a new study by Grand View Research, Inc. The market is anticipated to be driven by rising demand from several application areas including automotive, medical, consumer goods, industrial, and others. Moreover, the development of biodegradable grades of elastomers is anticipated to create lucrative growth opportunities for the market. Automotive application segment is expected to lead the market during the forecast period. Rising adoption for hybrid and Electric Vehicles (EVs) is influencing the product demand in this application. High-performance elastomers are used in EVs for better fuel-efficiency and reduced carbon emissions.

A number of manufacturers are engaged in substituting steel to compete in terms of operating range with internal combustion vehicles. In addition, various battery charging stations are installed to improve the operating range of EVs. Rising scale of automotive manufacturing coupled with increasing use of modified plastics is expected to act as a key driver for the market over the forecast period. Booming manufacturing sectors in China and India, particularly in automotive and electronics industries, will drive the APAC regional market. Thermoplastic Elastomers (TPEs) are fully recyclable and capable of reprocessing, which is expected to boost development in the electrical and electronics segments in packaging and wire and cable fields.

They are also highly UV- and ozone-resistant, which increases their scope for outdoor wiring applications. Major types of TPEs include Styrene Block Copolymer (SBC), Thermoplastic Polyurethanes (TPU), Thermoplastic Polyolefins (TPO), Thermoplastic Vulcanizates (TPV), Copolymer Esters (COPE) and other TPEs. Development of innovative TPEs is projected to boost product scope in undiscovered applications and help increase the market share. Emphasis on waste reduction is anticipated to foster the replacement of conventional raw materials with recyclable and sustainable TPEs, which is also likely to boost segment growth.

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

Further key findings from the study suggest:

Asia Pacific led the global elastomers market and is also anticipated to witness the fastest CAGR of 6.1% during the forecast period from 2018 to 2025
China is the fastest-growing country in the global market due to huge growth potential as it is characterized by high demand, as well as production, of elastomers; mainly TPEs
The growth of the elastomers market in China is majorly supplemented by high demand from the footwear industry
Extensive R&D activities in the field of developing eco-friendly grades have led to the creation of several improved product grades, which is expected to help boost the market
Recently, PolyOne Corp. announced to initiate TPE production at its production facility in Pune, India, which will allow the company to cater to the domestic consumer needs

Para-aramid Fibers Market Worth $3.6 Billion By 2025

The global para-aramid fibers market size is expected to reach USD 3.6 billion by 2025 at a 6.5% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for security and protective measures in various industries such as military and construction is likely to boost product demand.

Raw material prices play a key role in industry growth, which helps players align product demand and gain control over the supply chain. Furthermore, major players are focused on integration across the value chain in order to maintain continuous raw material supply in a bid to increase market revenue.

The market is witnessing a high level of competition owing to presence of a large number of regional and global players with operations across the globe. Key participants are actively involved in adopting various strategic initiatives to gain a large share. The degree of competition depends on product demand, innovation in technology, and distribution network.

The production process is highly energy intensive and makes use of expensive chemicals, which increases raw material cost in proportion to the overall cost of the product.

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https://www.grandviewresearch.com/industry-analysis/para-aramid-fibers-market

Further key findings from the report suggest:

By application, security and protection dominated the para-aramid fiber market, accounting for 38.4% of the total revenue in 2017. This is owing to increasing demand for production of security and protective wearables, including bulletproof vests
Optical fibers is estimated to be the fastest growing application segment, registering a CAGR of 5.3% in terms of volume from 2018 to 2025. This is due to surge in demand for aerial dielectric self-supporting cables, premise cables, water-blocking yarns, fiber to the home (FTTH), ballistic tapes, and ripcords
Europe was the largest market for para-aramid fibers, accounting for over 37.0% of the revenue in 2017. This can be attributed to high demand from various application sectors such as security and protection, electrical insulation, rubber reinforcement, and tire reinforcement
Increasing demand for high fuel efficiency and continuous advancements in the transportation sector are expected to emerge as major factors driving the industry over the forecast period
Key players aim to achieve optimum growth and strengthen their position through various expansion strategies such as partnerships, new product developments, agreements, technical collaborations, and capacity expansions.

Body Contouring Devices Market Size Worth $4.5 Billion By 2025

The global body contouring devices market size is expected to reach USD 4.5 billion by 2025 at a 13.8% CAGR over the forecast period. The global body contouring procedures market size, on the other hand, is expected to value USD 9.3 billion by 2025, expanding at a CAGR of 7.7% from 2018 to 2025, according to a new report by Grand View Research, Inc, Increased awareness regarding noninvasive and minimally invasive body contouring procedures is expected to drive the devices market in next few years.

Aging baby boomers and introduction of advanced products by the market players are other drivers of the market. In addition, advantages associated with body contouring procedures are expected to augment the market growth. Body contouring procedures help remove excess body fat and significantly affect the person’s quality of life both functionally and aesthetically.

The entry of new products in the developing regions is likely to propel the market growth during the forecast period. For instance, in April 2018, Alma Lasers launched a hands-free body contouring solution, Accentuate, during the Aesthetic & Anti-aging Medicine World Congress (AMWC) in Monaco.

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https://www.grandviewresearch.com/industry-analysis/body-contouring-devices-procedures-market

Further key findings from the study suggest:

Improved accessibility to aesthetic procedures and enhanced safety due to minimally and noninvasive procedures are expected to drive the market
Noninvasive devices segment accounted for the highest market share and is expected to maintain lucrative growth during the forecast period due to the advent of new devices
The others segment is expected to observe the fastest growth due to technological advancement and noninvasive nature of these procedures. They also feature contact cooling technology that minimizes discomfort.
Clinics and spa centers segment accounted for the highest market share due to the availability of technologically advanced devices and reduced risks of hospital-acquired infections
North America accounted for the largest share of the body contouring devices market in 2017. The region is expected to maintain its dominance during the forecast period owing to the presence of major companies and the availability of well-equipped aesthetic clinics and spa centers
Some of the key companies in the global body contouring devices and procedure market are Cynosure, Inc.; Alma Lasers Ltd.; Allergan PLC; Syneron Medical Ltd.; Bausch Health Companies, Inc.; and Lumenis Ltd.

Antibiotic Resistance Market Worth $12.07 Billion by 2025

The global antibiotic resistance market size is estimated to reach USD 12.07 billion by 2025. According to a new report by Grand View Research, Inc., it is anticipated to post a CAGR of 5.6% during the forecast period. Rising burden of antibiotic-resistant infections and emergence of multi-drug resistant pathogens has been driving the market.

Biotech companies that are developing therapies for antibiotic-resistant infections include Melinta Therapeutics, Achaogen, and Nabriva Therapeutics. On the other hand, majority of large pharmaceutical companies don’t find this market lucrative enough due to slower growth in revenues for marketed drugs and lower return on investments. For instance, Novartis recently discontinued development of its antibacterial drugs for antibiotic resistance.

Manufacturers can obtain the Qualified Infectious Disease Product (QIDP) designation, which escalates the clinical review process for antibacterial therapies targeting high priority pathogens. The QIDP designation enables faster access to targeted agents and was introduced under the GAIN (Generating Antibiotic Incentives Now) Act, passed in 2012 as an extension to the U.S. FDA Safety and Innovation Act. The legislation aims to encourage the development of novel therapies for growing burden and severity of infections with antibiotic resistance.

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https://www.grandviewresearch.com/industry-analysis/antibiotic-resistance-market

Further key findings from the report suggest:

In 2017, the market by cUTI disease registered significant sales due to elevated rate of resistance in extended-spectrum beta-lactamase (ESBL)-producing and carbapenem-resistant Enterobacteriaceae and P. aeruginosa strains
The combination therapies segment, which includes fixed-dose combinations of beta lactams and beta lactamase inhibitors, is projected to witness the fastest growth rate over the forecast period
Infections due to E. coli pathogens that are ESBL-producing and carbapenem-resistant led in terms of sales revenue in 2017 due to high treatment cost
On the geographical front, North America was the dominant revenue contributor in the market in 2017. Improving reimbursement scenario with new technology add-on payment provision is promoting the use of novel products in this region
Among pharmaceutical companies, Merck, Allergan, and Pfizer were the key players with top-selling drugs in the antibiotic resistance market in 2017.

Mammalian Polyclonal IgG Antibody Market Worth $1.21 Billion By 2025

The global mammalian polyclonal IgG antibody market size is expected to reach USD 1.21 billion by 2025 expanding at a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Advantages over other forms of antibodies, increasing global R&D investments, and rising adoption of novel diagnostic procedures are factors driving the market. Global rise in chronic and infectious diseases also play a key role in propelling the market growth.

Polyclonal antibodies are the most preferred choice in routine laboratory tests, such as ELISA, microarray assays, western blotting, flow cytometry, and immunohistochemistry. Production of these does not require skilled professionals and large batches can be produced as per client requirements. A polyclonal antibody can recognize multiple antigens on one epitope and therefore can be utilized in the study of various diseases ranging from cancer to metabolic diseases. Denatured proteins are often detected with the use of polyclonal antibodies.

Thus, increasing use of these products in the treatment of several chronic diseases is also anticipated to fuel growth in the near future. Rising investments by major pharma companies, such as Novartis and Roche, for the development of therapeutic antibodies and novel diagnostic techniques and for QC purposes are also driving the market growth. For instance, R&D investments by top 10 biotech companies increased from USD 8.2 billion in 2010 to USD 10.2 billion in 2016, accounting for a 13% increase.

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https://www.grandviewresearch.com/industry-analysis/mammalian-polyclonal-igg-antibody-market

Further key findings from the report suggest:

Large amount of polysera obtained from goats and predominant use of these animals as hosts has contributed to its large market share in 2017
Metabolic biomarkers are expected to hold the largest market share during the forecast period due to growing prevalence of chronic diseases, such as cardiovascular diseases (CVDs) and cancer
ELISA tests provide accurate diagnosis of disease, such as AIDS, Lyme disease, syphilis, pernicious anemia, Rocky Mountain spotted fever, squamous cell carcinoma, chickenpox, shingles, and other bacterial and viral infections, than other antibody-based assays contributing to its high market share
Availability of technologically advanced equipment and presence of major market players has attributed to the North American region garnering large market share
Asia Pacific is anticipated to gain significant market share in near future due to rising R&D investment and presence of target population
Few key companies in the global mammalian polyclonal IgG antibody market include Abcam PLC; Bio-Rad Laboratories, Inc.; Thermo Fisher Scientific; Merck KgaA; Cell Signaling Technologies, Inc.; and Hoffmann-La Roche Ltd.

LPG Vaporizer Market Size Worth $1.37 Billion By 2025

The LPG vaporizer market size in North America, Europe, and Africa is expected to reach USD 1.37 billion by 2025, according to a new report by Grand View Research, Inc. The regional markets together are anticipated to witness a CAGR of 2.8% over the forecast period. Increasing demand for the equipment for efficient vaporization particularly in industrial applications is expected to have a positive impact on the market growth.

The LPG vaporizer market in North America, Europe, and Africa is characterized by the presence of major industry participants catering to various industrial, commercial, and agricultural applications. The North American market comprises several manufacturing companies with widespread distribution network around the world. The market is majorly driven by commercial applications of liquefied petroleum gas which includes hotels, resorts, and restaurants.

The regulatory trends observed by industry participants are primarily in terms of manufacturing codes or policies by several governing bodies including the National Fire Protection Association (NFPA) and American Society of Mechanical Engineers (ASME). Owing to the local regulations and safety concerns, the usage of underground storage tanks has been widespread. These tanks generally utilize the vaporizers, since underground tanks cannot absorb heat during natural vaporization from its surroundings.

Electric vaporizer was the dominant product segment in 2017 amounting for over 39% of the market share in terms of value in North America. Ability of the equipment to reach around 80% efficiency along with varied utilization in multiple industries has led to high penetration in the region.

The Europe direct-fired vaporizer market is expected to register a growth rate of 2.3% over the projected period. The most significant advantage of this product category is the utilization of LPG as the source of energy which makes it cost effective and preferred choice for small-scale applications.

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https://www.grandviewresearch.com/industry-analysis/lpg-vaporizer-market

Further key findings from the report suggest:

Medium capacity equipment-ranging from 168 to 455 gal/hr-accounted for the highest share in terms of value in most countries. The segment is expected to exceed USD 21 million by 2025 in Africa
Industrial was the largest and fastest growing application segment in the market, while accounting for over 68% of the total market share in terms of revenue in 2017 in Germany
U.S. emerged as the major contributing country for North America in 2017 and accounted for over 76% of total regional market share in terms of revenue
Some of the major companies manufacturing and distributing the equipment in the North America, Europe, and Africa LPG vaporizer market include Standby Systems Inc., Algas-SDI, Pegoraro Gas Technologies Srl, and Ransome Gas Industries Inc.

Automotive Foam Market Worth $50.44 Billion By 2025

The global automotive foam market size is anticipated to reach USD 50.44 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 9.8% during the forecast period. Growing population, disposable income, and purchasing power parity in emerging economies of Asia Pacific are expected to propel demand for automobiles over the forecast period, thus impacting the market for automotive foam.

Transitioning lifestyles and wide availability of low-end sports models have positively impacted automotive demand from 2014 to 2017. Easy financing of automobiles owing to the EMI concept with attractive interest rates made it simpler and affordable for a medium income group consumers to purchase a vehicle of their choice. Easy availability of loans for vehicle purchase has also affected vehicle sales on similar lines. The aforementioned factors played an important role in propelling growth of the automotive industry both in developed as well as developing regions and the trend is likely to continue in the forthcoming years.

The market is expected to face instability in terms of raw material supply over the coming years owing to uncertain operation rates and plant closures by raw material manufacturers. However, relationships between manufacturers and suppliers are expected to get stronger, thus leading to stronger tie-ups at multiple distribution levels. This is expected to be a critical factor for companies to gain a competitive advantage over the forecast period.

Increasing demand for automotive foam particularly in the emerging economies of North America, Europe, Asia Pacific, and Central and South America, offers growth opportunities for the manufacturers of automotive foam and related raw materials to expand their product portfolios and market reach. The R&D initiatives undertaken by some companies to enhance their product specifications and market reach.

Substantial growth in automotive industry in Asia Pacific has fueled the demand in the automotive foam market in recent past. Significant presence of automotive and automotive foam manufacturers has played a key role in driving the product demand over the past few years and is expected to continue over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/automotive-foams-market

Further key findings from the report suggest:

In terms of revenue, PU foam type is anticipated to reach USD 2.62 billion by 2025, growing at a CAGR of 7.9% from 2018 to 2025
Seating application segment held the largest market share of over 42.8% in terms revenue in 2017. These foams are corrosion resistant and can bear various types of severe conditions, which is anticipated to bode well for growth
The U.S. automotive foam market is anticipated to reach USD 8.37 billion by 2025 owing to the presence of various manufacturers and suppliers in the country
The market is competitive with the presence of a number of global, medium, and small scale companies catering to the global and local demand
Some of the key companies include Armacell International S.A., BASF SE, Rogers Corporation, Bridgestone Corporation, The Woodbridge Group, Recticel NV, Borealis AG and Saint-Gobain. The companies use strategy such as mergers and acquisitions and portfolio expansion to gain market share.

Polyglycerol Market Size Worth $3.83 Billion By 2025

The global polyglycerol market size is expected to reach at USD 3.83 billion by 2025 expanding at a CAGR of 9.0% during the forecast period, according to a new report by Grand View Research, Inc. Polyglyceryl-3 diisostearate, polyglyceryl-3 dimer dilinoleate, and polyglyceryl-3 ricinoleate are some of the key polyglycerol 3 esters. Polyglycerol esters are plant/vegetable-derived, which makes them renewable and eco-friendly. Thus, favorable regulations pertaining to the use of polyglycerol and its esters is likely to be the major factor driving the market.Fluctuating prices of raw materials and availability of substitutes may hamper the market growth.

Moreover, the potential supply-demand gap for glycerol, which is expected in near future, followed by the presence of enzymes are expected cause hindrance to the market growth. However, rapidly growing personal care and F&B industries coupled with increasing pharmaceutical investments is expected to propel the product demand. Polyglycerol is used as cosmetic additives in personal care industry. The personal care industry is witnessing accelerated growth across the globe owing to factors like increasing disposable income, access to online platforms, and demand for anti-aging, natural, and gender-specific products. The F&B application segment accounted for 30.2% of the overall volume share in 2017.

Increasing demand for food additives in bakery products, chocolate production, and other food-related markets is expected to boost the market growth over the forecast period. Polyglycerol is also used in other applications, such as drilling fluids, textile lubricants, and wastewater treatment. Increasing oil and shale exploration activities in North America and Africa are expected to augment the market development. Also, emphasis on the improvement of water treatment facilities owing to strict government regulations is likely to propel the product demand in near future. Led by U.S., North America is a prominent regional market on account of high demand for bakery items, cosmetics, and liquid detergents in the region.

Moreover, recovering of pharmaceutical industry in U.S. is expected to boost the demand further, thereby augmenting regional market expansion. Pioneers in the global market have undertaken several strategies, such as new product development, extensive R&D activities, and expansion of customer base, to gain competitive advantage over others. For example, in July 2017, Lonza acquired Capsugel S.A. for USD 5.5 billion to boost its growth and ability to cater to customers of pharmaceutical, healthcare, and nutrition industries.

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

Further key findings from the report suggest:

PG-4 was the largest product segment in 2017 and it accounted for a share of 28.2% of the overall revenue, owing to its wide application scope
Food & beverage is forecasted to be the fastest-growing application segment over forecast period
In 2017, China accounted for 45.6% of the APAC polyglycerol market, in terms of volume, due to rapid growth of the end-use industries in the country
In terms of volume, PG-10 is expected to be the fastest-growing segment in APAC owing to the product’s extensive usage in personal care formulations
Some of the key participants include Cargill, Inc.; Sakamoto Yakuhin kogyo Co., Ltd.; Spiga Nord S.p.A.; and The Good Scents Company
Companies like Spiga Nord S.p.A and Procter & Gamble are integrated across the value chain, as both these companies are raw material suppliers as well as manufacturers