Commodity Plastics Market Worth $554.4 Billion By 2027

The global commodity plastics market size is anticipated to reach USD 554.4 billion by 2027, according to a report by Grand View Research, Inc., registering a CAGR of 3.2% over the forecast period. Increasing product demand from the packaging, building & construction, medical & pharmaceutical, and a few other application industries is expected to propel market growth. Moreover, the rising demand for consumer durable goods owing to growing disposable incomes coupled with the increasing need for lightweight materials in the automotive industry is anticipated to drive the demand for commodity plastics over the forecast period.

Polyethylene (PE) segment led the market in 2019 and is expected to maintain its leading position during the forecast period owing to rising demand from the packaging and automotive & transportation industries. Polyethylene is widely used in various applications, such as plastic films, plastic bags, wire insulations, plastic containers, household & kitchenware, tubing, bottles, and chemical containers, owing to their properties, which include lower manufacturing cost, easy availability, and excellent stiffness and toughness. Asia Pacific is the largest regional market for commodity plastics owing to the high demand from the end-use industries.

Asia Pacific is the largest producer and consumer of automobiles, consumer goods, and packaging materials, thereby paving a way for the commodity plastic market in the region. The region is also one of the largest consumers and producers of electrical & electronic products, such as equipment and wires, which is expected to boost the demand for commodity plastics in the region over the forecast period. However, the decline in consumer spending on discretionary products and the stall in manufacturing activities due to the COVID-19 pandemic in the region are expected to negatively impact the demand in the above-mentioned industries.

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https://www.grandviewresearch.com/industry-analysis/commodity-plastics-market

Further key findings from the report suggest:

The global market was valued at USD 434.6 billion in 2019 and is estimated to register a CAGR of 3.2% from 2020 to 2027
The global market is expected to witness significant growth over the forecast period owing to rising product demand from the packaging, electrical & electronics, and medical & pharmaceutical end-use industries
The market in the U.S. is anticipated to witness significant growth by 2027 owing to the growing product demand
Asia Pacific is projected to witness the fastest growth over the estimated period owing to rising infrastructural & economic investment, and growing product demand from the countries, such as India, China, and Japan
Rapidly growing e-commerce sector and innovation and development in the packaging industry in APAC is also fueling the product demand

Post-consumer Recycled Plastics Market Worth $16.7 Billion By 2027

The global post-consumer recycled plastics market size is anticipated to reach USD 16.7 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.6% over the forecast period. Increasing environmental concerns, growing urbanization, industrialization, and rising concerns to reduce the carbon footprint in the manufacturing of plastic resin are expected to drive the market

Demand for post-consumer recycled plastics is expected to increase majorly in the packaging application and various industries, including electrical and electronics, food and beverages, automotive, and textiles. Fast-moving consumer goods (FMCG) and food and beverage are the primary sectors driving the demand for post-consumer recycled plastics. In addition, post-consumer recycled plastics are used in the production of various plastics. Rising environmental concerns and various government regulations to reduce the carbon footprint are expected to drive the demand for post-consumer recycled plastic.

The global market is segmented based on type as polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyethylene (PE), polyvinyl chloride (PVC), and polyurethane (PUR). Polyethylene was the prominent source segment and accounted for over 20.0% share of the global revenue in the year 2019. The polystyrene segment is expected to witness significant growth in the future due to the high demand for packaging products, such as films, sheets, and foam, which are used in a wide range of industries.

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https://www.grandviewresearch.com/industry-analysis/post-consumer-recycled-plastics-market

Further key findings from the study suggest:

The bottle source segment is expected to expand at the highest CAGR over the forecast period in terms of revenue. This is attributed to the rising demand for plastic bottles for the packaging of sanitizers, beverages, cosmetics, and various other products
By type, the polystyrene segment is expected to witness the fastest growth over the forecast period in terms of revenue. It is used primarily in the manufacturing of packaging products for food and non-food applications
Asia Pacific accounted for over 45.0% of the overall revenue in 2019. China is expected to expand at a CAGR of 11.0% from 2020 to 2027.

Composites Market Size Worth $160.54 Billion By 2027

The global composites market size is expected to reach USD 160.54 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.6% over the forecast period. The growth of this market can be attributed to the increasing demand for lightweight materials in various industries such as wind energy, automotive & transportation, and aerospace and defense.

Rapid industrialization in the emerging economies of Asia Pacific and ascending demand for wind energy are factors expected to boost the market growth. High product demand from the automotive industry is also projected to drive market expansion. Increasing fuel prices have prompted the want for fuel-efficient vehicles. This factor is projected to positively influence growth.

Ascending demand for customized components in automotive, aircraft, and sports industries have urged the market participants to integrate their portfolio with downstream production technologies. SGL Group formed a joint venture with Kumpers GmbH & Co. KG for utilizing advanced automated processing technologies to develop braided carbon fiber.

The market is moving toward fragmentation on account of the presence of a large number of global and regional players. Major players have a strong distribution network and product brands in the global market. The ongoing R&D activities present some growth and expansion opportunities to market players.

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

Further key findings from the report suggest:

In terms of revenue, carbon fiber segment is anticipated to advance at the fastest CAGR of 9.2% over the forecast period owing to their increasing adoption of carbon fiber composites in marine and wind energy applications
The thermosetting segment dominated the market and accounted for 72% of the total demand in 2019 owing to ascending demand for composite materials in transportation and aerospace & defense applications
The demand for composites in automotive and transportation segment accounted for a revenue share of 21.1% of the overall market in 2019 owing to increasing demand for a lightweight and durable material
Asia Pacific was the largest regional composites market in 2019, accounting for a revenue share of 44.7% on account of significant growth of end-use sectors including automotive, construction, aerospace, and electrical and electronics in the region
Companies such as Toray Industries, Owens Corning, and Teijin Ltd. are integrated across the value chain of composites in production and distribution activities and have also diversified their product offerings

Carbon Fiber Tapes Market Size Worth $4.9 Billion By 2027

The global carbon fiber tapes market size is expected to reach USD 4.9 billion by 2027, expanding at a CAGR of 13.4%, according to a new report by Grand View Research Inc. The rapidly rising demand for advanced materials with superior strength to weight ratio in the transportation sector is expected to bolster the market over the forecast period.

Carbon fiber tapes are emerging as one of the crucial materials in facilitating the automotive industry to curb vehicle emission, execute lightweight construction, and extend the range of e-mobility. However, the usage of the product in automotive applications is still in its nascent stage and is expected to offer excellent potential for the future.

Advancements in automated tape laying process are leading to facilitating the manufacturing of composites that are at par with steel in terms of structural integrity at a fracture load. Employment of software-controlled machine systems enables tapes laying for the creation of layup containing intricate shapes, thereby posing positive growth opportunities for the market.

Key end-users in the value chain are involved in process improvement research for the production of composite parts through tapes, especially for the automotive and aerospace sector. The aforementioned efforts are expected to enhance the processing speed, reduce the part cost, thereby boosting the adoption rate of the product in various end-use industries.

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https://www.grandviewresearch.com/industry-analysis/carbon-fiber-tape-market

Further key findings from the report suggest:

The prepreg form segment accounted for USD 1.4 billion revenue in 2019 owing to the superior mechanical properties offered by the product
The automotive end-use segment is expected to witness a notable CAGR of over 13.5% over the forecast period on account of rapidly rising usage of composite materials in replacing metal components in automotive
In North America, the market was valued at USD 664.7 million and is projected to witness a CAGR of 13.0% over the forecast period owing to the presence of robust manufacturing base for aerospace and automotive
Key players in the industry are focusing on expanding the production capacity to cater to the exponentially rising demand for the product across various end-use industries including sports and leisure
Researchers are also involved in the development of carbon fiber recycling process to preserve the length of the fiber after the process, which, in turn, is expected to support the industry players to explore the true potential of the material.

Weapon Mounts Market Size Worth $1.9 Billion By 2027

The global weapon mounts market size is expected to stand at USD 1.9 billion by 2027, expanding at a CAGR of 6.4%, according to a new report by Grand View Research Inc. The growing need for assembly of ammunition on defense vehicles to tackle war situations in remote locations is expected to drive the market in the estimated time.

Increasing defense practices across the major geographies and rise in political instabilities among the major countries are expected to support the demand. Moreover, the rising prevalence of keeping updated war equipment and increase the defense inventory is likely to create growth prospectus for the market.

The rise in the territorial and political conflicts between major economies is expected to encourage the enhancements of their respective naval, air force, and military operations. Installation of machine guns and specialty ammunition on the aircraft, military trucks, and other vehicles are likely to influence the market over the forecast period.

Technological advancement in the mounting mechanism for its stability and convertibility is expected to pose a growth scope for the market. Moreover, the introduction of remotely operated mounts and moving mechanism to allow the ammunition to operate in any direction is likely to support industry growth in the projected time.

Asia Pacific dominated the market and accounted for the largest revenue share in 2019. This is owing to increasing investments in defense operations by countries including India, China, Japan, and South Korea, and Pakistan in the region. In addition, rising demand to strengthen defense capabilities owing to growing tensions between the countries in the region is anticipated to propel market growth in the coming years.

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https://www.grandviewresearch.com/industry-analysis/weapon-mounts-market

Further key findings from the report suggest:

The non-static mounts segment is projected to grow significantly over the forecast period owing to its increasing utilization in all types of platforms. Installation of ammunition on vehicles and growing need for aim stability is expected gain share for the segment
In U.S., the ground platform segment stood at USD 80.3 million in 2019 and is expected to grow significantly in the estimated time. Expansion of military tools and increasing investments in defense systems is likely to support demand
In 2019, manned operation segment accounted for the largest share owing to its prominence in the target aiming. Modern machine guns are installed with these mounts for stability and prominent aiming
The static mounts segment is expected to register highest growth rate in the projected time on account of its prominent use in weapon installation and compatibility
Conflicts between U.S. and Iran are anticipated to enhance the military capabilities of the respective economies. Thereby, is expected to support the market over the forecast period.

Reporter Gene Assay Market Size Worth $9.0 Billion By 2027

The global reporter gene assay market size is expected to reach USD 9.0 billion by 2027 registering a CAGR of 8.1%, according to a new report by Grand View Research, Inc. Reporter genes have significant demand as they are increasingly being used in studying gene expression and across several research studies in the fields of biochemistry, molecular biology, and pharmaceuticals. Reporter genes also play a pivotal role in quantifying the regulatory potential of unknown DNA sequences.

Rising penetration of these assays in diagnostic applications and their utility in understanding signal transduction pathways is expected to propel the market growth. Promega Corporation has developed vectors that can be used in investigation of signaling pathways. The company has also developed rapid response reporters to enhance the signal to background ratio.

Several other prominent market players also offer a strong product portfolio for luciferase assays. For instance, ThermoFisher Scientific offers a wide range of luciferase and Chemiluminescent assays to monitor the reporter activity. Moreover, presence of key market players such as Promega Corporation in developing economies is expected to drive the demand in this market.

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https://www.grandviewresearch.com/industry-analysis/reporter-gene-assay-market

Further key findings from the report suggest:

Luciferase assays accounted for the highest revenue share in 2019 and is anticipated to retain its leading position throughout the forecast period
This is because luciferase enables precise measurement of signal maintaining consistency of the outcomes
In vitro studies application segment is projected to register the fastest CAGR of 8.3% from 2020 to 2027 owing to increasing need for rapid screening
Cell signaling pathways subsegment displayed the highest contribution to the clinical applications segment in 2019 owing to rise in adoption of reporter assays for GPCR signaling investigations and for screening chemicals that cause signaling disruption
These protocols are majorly employed in drug discovery programs, which has largely contributed to the growth of this segment in the global market throughout the forecast period
Hospital & diagnostic laboratories end-use segment is expected to register the highest CAGR from 2020 to 2027
North America accounted for the highest revenue share in 2019 owing to high penetration of cell-based assay technologies in the regional market
Asia Pacific is expected to witness the fastest CAGR from 2020 to 2027 due to rise in the number of research investigations that are focused on use of reporter genes for regulation of several disorders

Cannabis Pharmaceuticals Market Size Worth $5.8 Billion By 2027

The global cannabis pharmaceuticals market size is projected to reach USD 5.8 billion by 2027, expanding at a CAGR of 76.8% over the forecast period, according to a new report by Grand View Research, Inc. Rise in the number of clinical trials for these drugs due to its therapeutic properties, growing awareness of the medical benefits of plant-derived cannabidiol products are some of the factors driving the demand over the forecast period. However, the presence of stringent regulations on cannabidiol-infused products in various countries is restricting demand for these products.

In 2019, Sativex is the leading brand in the global market with a revenue share of 83.0%. The surge in clinical trials for numerous medical conditions and the growing number of countries legalizing cannabis for medical purposes are the major factors responsible for its large share. On the other hand, Epidiolex is anticipated to be the fastest-growing brand over the forecast period. Growing research for plant-based cannabinoids for other rare conditions is expected to drive the growth of this segment over the forecast period.

The European region is expected to dominate the market in 2019, owing to growing medical marijuana users in the region coupled with the rising awareness about cannabidiol infused products. On the other hand, the Asia Pacific region is expected to grow at the fastest rate over the forecast period owing to growing legalization and favorable guidelines towards the use of cannabidiol infused pharma products in the region.

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https://www.grandviewresearch.com/industry-analysis/cannabis-pharmaceuticals-market

Further key findings from the report suggest:

In 2019, Sativex is estimated to dominate the market with a revenue share of 83.0%, due to the growing number of countries legalization of plant-derived pharma products for medical purpose
In terms of revenue, U.S. was the largest country level market. U.S.FDA’s approval of Epidiolox and high adoption of this drug are few factors for the country’s large share.
Some of the major players operating in this cannabis pharmaceuticals market are GW Pharmaceuticals, AbbVie Inc., Valeant Pharmaceuticals, and Insys Therapeutics, Inc.

Heat-not-Burn Market Size Worth $68.3 Billion By 2027

The global heat-not-burn market size is expected to reach USD 68.3 billion by 2027, registering a CAGR of 32.8% from 2020 to 2027, according to a new report by Grand View Research, Inc. The growth is driven by rising demand for Reduced Risk Products (RRPs) as they are considered less harmful to health. The rise in marketing campaigns coupled with growing approvals by the governing bodies such as U.S. Food and Drug Administration (FDA) and other governing bodies from Asia and Europe is anticipated to fuel the heat-not-burn (HNB) device market growth. The growing advertising campaigns, rising number of tobacco shops, and improved marketing strategies are anticipated to create growth opportunities for the market.

The growing purchasing power of consumers is expected to drive the acceptance of heat-not-burn products over the forecast period as these products are marketed as premium products. Leading manufacturers operating in Italy, Germany, U.S., South Africa, and Croatia are involved in product launches with focus on specialty and premium heat-not-burn products. However, numerous countries, such as Uruguay, and Singapore have banned the distribution and sale of heat-not-burn products, which is hindering the heat not burn devices market growth.

The usage of HNB device is believed as an effective technique to quit smoking, as it is less harmful, toxic, and generates vapor instead of smoke. The acceptance of the device is likely to increase, mainly among individuals willing to quit smoking or willing to smoke just for recreation purposes. Hence, the launch of innovative and new heat-not-burn devices, such as IQOS MESH, and PLOOM Tech is expected to increase the popularity of these devices, which would further propel the growth of the market.

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https://www.grandviewresearch.com/industry-analysis/heat-not-burn-market

Further key findings from the report suggest:

The loose-leaf component segment is anticipated to grow rapidly over the forecast period as it is a natural substance offering a superior experience
The online distribution channel is forecasted to witness phenomenal growth, as the vendors are using e-commerce and social media platforms, such as Facebook and Instagram to promote their devices
The newsstand retail store segment is expected to witness the highest CAGR from 2020 to 2027. The newsstands are easily accessible to customers as they are present at every road corner. Hence, they can be considered as ideal locations to vend heat-not-burn devices
The market demand in Europe region is anticipated to grow at a significant rate. This can be attributed to the presence of major manufacturers such as Philips Morris International, Japan Tobacco International, and British American Tobacco in major European countries such as U.K., Italy, Poland, Croatia, and Germany.

Enterprise Video Market Worth $33.72 Billion By 2027

The global enterprise video market size is expected to reach USD 33.72 billion by 2027, registering a CAGR of 11.6% from 2020 to 2027, according to a new study conducted by Grand View Research, Inc. The growing demand from organizations to enhance collaboration between internal and external stakeholders, and maximize customer engagement has resulted in increased adoption of solutions such as video conferencing and webcasting, drive the market growth. The rise in the number of online video viewers is anticipated to provide lucrative opportunities to the market players, as marketers are focusing on the promotion of brands through videos. In 2016, there were about 700 million video viewers, which has risen to 2.6 billion in 2019. The marketers promote brands of their clients through demos, events, explainers, and customer testimonials/case studies, among others. Moreover, proliferation of 4G-enabled mobile devices and rise in the number of Video Conferencing-as-a-Service (VCaaS) providers are expected to contribute to market growth.

The synergy of enterprise video and digital signage has enabled companies to improve brand awareness, product awareness, and customer engagement that is anticipated to drive the growth of the market. The use through signage and kiosks at branch locations is helping banks create differentiation of business strategies and increase customer value, while increasing the promotion and uptake of its products and services such as credit cards and loans, among others. Furthermore, various venture capital firms are providing funding to various start-ups involved in the development of these solutions such as Vbrick, Pexip ASA, and Grabyo, among others, which is impacting the market growth positively. For instance, in June 2018, Morgan Stanley Expansion Capital provided funding worth USD 20 million to Vbrick, a developer and provider of enterprise video software for the corporate sector.

Various companies, such as Microsoft Corporation; IBM; and Cisco Systems, Inc. are emphasizing the development of live streaming applications, which is anticipated to boost the market growth. For instance, in October 2019, IBM launched its IBM Video Streaming platform that allows users to broadcast multiple live-streamed contents. The app offers organizations to take full control over the content including transcription, ingestion, storage, and metadata content management. Governments in response to the outbreak of the COVID-19 pandemic are focusing on providing funds to law enforcement agencies in adopting these solutions for remotely carrying out their operations. For instance, in April 2020 the Ohio Supreme Court announced a funding worth USD 4 million to high courts for purchasing video conferencing systems.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/enterprise-video-market

Further key findings from the study suggest:

The incumbents in the gaming industries such as Rovio Entertainment Corporation; Activision Publishing, Inc.; and Electronic Arts Inc.; are increasingly focusing on the adoption of social media and content sharing platforms for targeting potential customers. This is expected to enhance the growth of the video content management segment
The reduction in costs provided by managed service providers is anticipated to boost the growth of the managed services segment. These services reduce the recurring in-house costs by 30 to 40%
Owing to the growing emphasis of cloud computing companies such as Amazon Web Services, Inc. and Microsoft Corporation on establishing robust security and compliance standards, the cloud segment is anticipated to grow significantly
The marketing and client engagement segment is anticipated to register the highest CAGR on account of the increasing demand for influencers from various advertising and marketing firms
In July 2019, Amazon Web Services, Inc. included Dynamic Adaptive Streaming over HTTP capability in its Amazon Kinesis Video Streams that will enable developers to playback their ingested streams using HTTP-based media streaming protocol. Such initiatives are expected to drive the growth of the adaptive streaming delivery technique segment
The SME segment is anticipated to expand at the highest CAGR over the forecast period on account of increasing adoption of freemium-based solutions such as Zoom Video Communications, Inc.
Various government agencies including the U.S. Department of Health and Healthcare U.K., among others are focusing on holding webcasts such as NYS Health Research Science Board Business Meeting & Public Hearing held in May 2020. It is expected to drive the growth of the healthcare segment

Millimeter Wave Sensors & Modules Market Worth $671.0 Million By 2027

The global millimeter wave sensors and modules market size is estimated to reach USD 671.0 million by 2027, expanding at a CAGR of 37.7% from 2020 to 2027, according to the new report by Grand View Research, Inc. The MMW (millimeter wave) sensors and modules are beneficial in extreme weather and low visibility conditions, such as fog, smoke, thunderstorm. These devices perform relatively better than infrared-based or microwave-based sensor technologies.

The MM wave sensors and modules are extensively used in applications across various sectors, such as military and defense, telecommunication, automotive, security, and healthcare. Increasing demand arriving from all these industrial and commercial sectors is further expected to catapult the market at a considerable pace. The usage of wireless and mobile networking equipment has risen drastically in the last few years. Increasing number of internet-driven applications and solutions is resulting in an augmented need for large amount of data transfer among various devices in the mobile connectivity ecosystem. This is expected to develop high-speed data transfer devices, wherein millimeter-wave modules and sensors are extensively used.

Major application areas of these devices include telecommunication, military and defense, security services, and medical and healthcare. Recent developments and continuous research and progress in the telecom industry are likely to lead to the evolution of the 5G technology.

Millimeter wave sensors and modules are anticipated to play a vital role in the development of fifth-generation technology owing to the need for higher bandwidth. The 5G technology is predicted to emerge in the coming years and the market is likely to witness its significant adoption. Eventually, demand for MMW sensors and modules is expected to boost, thus propelling the overall market growth, particularly across the telecom industry.

Increased government funding and initiatives, coupled with R&D activities carried out by the public and private sectors, are driving the market. E-band frequencies have extensive applications in the telecommunication sector and the segment is anticipated to generate the largest revenue over the forecast period on account of its growing applications in the sector. Therefore, the overall market is poised to witness significant growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/millimeter-wave-sensors-modules-market

Further key findings from the study suggest:

North America accounted for the largest market share in 2019 owing to the early adoption of the MMW technology
Based on frequency band, the E-band segment is anticipated to witness the fastest growth over the forecast period owing to its extensive adoption in telecom applications
Asia Pacific is expected to witness the fastest growth over the forecast period owing to growing urbanization and competitive rivalry amongst the telecom service providers for offering superior quality internet and other related services to expand customer base.