Rapid Medical Diagnostic Kits Market Trends Analysis Report By Product, Technology, Application, End-use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 24 Jan 2024: The Report Rapid Medical Diagnostic Kits Market Size, Share & Trends Analysis Report By Product (OTC Kits, Professional Kits), By Technology (Lateral Flow, Solid Phase), By Application, By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global rapid medical diagnostic kits market size is projected to reach USD 42.94 billion by 2030, growing at a CAGR of 9.03% from 2023 to 2030. The market is experiencing strong growth due to the rising demand for quick and accurate diagnostic solutions. These kits offer convenient on-site testing and play a vital role in infectious disease detection, personal health monitoring, and point-of-care testing. The market is expected to continue expanding as technology advancements drive the development of more advanced and user-friendly kits.

One of the key growth drivers for the market is the increasing demand for rapid diagnostic solutions for infectious diseases. The recent COVID-19 pandemic has highlighted the critical need for rapid testing to identify and contain the spread of the virus. Rapid diagnostic kits for COVID-19 have played a crucial role in mass testing efforts, allowing for quick identification of infected individuals and facilitating timely intervention measures. As the world continues to face the threat of emerging infectious diseases, the demand for rapid diagnostic kits is expected to remain strong. The growing prevalence of chronic diseases such as diabetes, cardiovascular disorders, and infectious diseases such as HIV and hepatitis has further fueled the demand. These products enable early detection, monitoring, and management of such conditions, improving patient outcomes and reducing healthcare costs.

Technological advancements have also played a significant role in the market’s growth. Manufacturers are developing innovative rapid diagnostic kits with improved sensitivity, specificity, and ease of use. For instance, integrating biosensors, microfluidics, and advanced detection technologies has enhanced the performance of these diagnostic kits, allowing for accurate and reliable results. Furthermore, developing smartphone-based diagnostic platforms and digital health technologies has made rapid testing more accessible and user-friendly.

Furthermore, another trend in the market is the shift towards point-of-care testing (POCT). Point-of-care rapid diagnostic kits enable healthcare professionals to perform diagnostics at the patient’s bedside, in clinics, or in remote areas, eliminating the need for sample transportation and laboratory testing. POCT offers several advantages, including faster turnaround time, improved patient management, and cost-effectiveness, driving the adoption of these kits in various healthcare settings.

Moreover, there is a growing demand for home-based rapid diagnostic kits. These kits allow individuals to monitor their health conditions conveniently and detect abnormalities or changes promptly. Home-based rapid diagnostic kits cater to the rising trend of self-care and personalized medicine, enabling individuals to take control of their health and make informed decisions about their well-being.

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Rapid Medical Diagnostic Kits Market Report Highlights

• Based on product, the OTC rapid detection test (RDT) segment dominated the market in 2022 with a revenue share of 62.55% and is expected to continue its dominance throughout the forecast period
• In terms of technology, the lateral flow technology segment held the largest revenue share of 32.41% in 2022. The low development cost and easy manufacturing of lateral flow assays have led to the expansion of these tests into several rapid testing applications
• In terms of application, the blood glucose testing segment held the largest revenue share of 13.46% in 2022. The sheer volume of rapid blood glucose tests marketed and currently under usage is the key contributor to the segment growth
• In terms of end-use, the hospital and clinics segment held the largest revenue share in 2022 with 45.20%, due to ease of facilities and administrations as well as technological upgradations. The segment is further expected to continue its dominance throughout the forecast period
• In terms of region, North America dominated the market and held the largest revenue share of 31.25% in 2022 due to its large geriatric population
• Asia Pacific is anticipated to grow at the fastest CAGR of approximately 10.26% over the forecast period due to the presence of untapped opportunities and medical advancements. The region is also forecasted to witness a growth in its geriatric population

Rapid Medical Diagnostic Kits Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 23.45 billion
Revenue forecast in 2030	USD 42.94 billion
Growth rate	CAGR of 9.03% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Rapid Medical Diagnostic Kits Market

• ACON Laboratories, Inc.
• Abbott
• Artron Laboratories Inc.
• Alfa Scientific Designs, Inc.
• BD
• bioMérieux SA
• BTNX, Inc.
• Bio-Rad Laboratories, Inc.
• Danaher Corporation
• Cardinal Health
• Creative Diagnostics
• Hoffmann-La Roche AG
• McKesson Medical-Surgical, Inc.
• Meridian Bioscience, Inc.
• Sight Diagnostics Ltd.
• Trinity Biotech
• Zoetis

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Gardening Equipment Market Segmented On The Basis Of Product, Sales Channel, End-use, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 24 Jan 2024: The Report Gardening Equipment Market Size, Share & Trends Analysis Report By Product (Lawn Mowers, Handheld Power Tools, Hand Tools & Wheeled Implements, Water Equipment), By Sales Channel, By End-use, By Region And Segment Forecasts, 2023 – 2030

The global gardening equipment market size is projected to reach USD 138.89 billion by 2030, registering a CAGR of 6.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Factors such as an increase in the middle-class population, an increase in disposable income, and technical advancements in the gardening equipment sector are driving the market growth. The main constraints restricting market growth, however, are seasonal change. Additionally, product advancements like lightweight equipment and the rise in popularity of smartphone gardening apps can prompt target consumers to purchase these products. During the forecast period, the surge in digitalization is anticipated to increase market opportunities for the market.

Sales of gardening products would increase due to the growing popularity of riding/tractor lawnmowers and chainsaws, particularly zero-turn variants. Hybrid tools that are now popular could increase demand for gardening equipment. The bulk of electric cordless lawn and garden equipment having small batteries which typically only have an hour or less of runtime has prompted the development of hybrid tools. Hybrid tools include an inbuilt charging system, which effectively solves this issue, thus encouraging market growth.

The increasing emphasis on smart cities landscape is gaining traction among city planners and architectures. The use of technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), automation, and Machine Learning (ML) is showing potential to support market growth, For instance, using technologies such as the Internet of Things (IoT) for smart sprinklers makes irrigation and watering gardens an effortless task for property managers and homeowners. The programming of smart sprinklers enables individuals to set the timing to water plants along with controlling how much water to provide the plants. Smart irrigation technology can cut water waste by 20% to 40% compared to traditional watering technology. Based on the current regional meteorological information and soil moisture conditions, it can objectively determine whether to water plants and how much to water them, enabling flexible changes to irrigation placement and timing. Reduce water waste and boost irrigation effectiveness while preserving the health and quality of the plants. Such technologies are gaining traction in regions such as Europe and Northern America, therefore, augmenting the market growth.

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Gardening Equipment Market Report Highlights

• By product, throughout the projected period, the lawnmowers segment is expected to gain traction. The spike in demand for electric lawnmowers, which encourage consumers to choose eco-friendly solutions and reduce fuel emissions for landscaping operations, is blamed for the market expansion
• The demand for battery-operated pruning shears, which mostly emerged from the residential sector, is expected to increase, propelling the market for cutting and pruning equipment
• The e-commerce segment is anticipated to experience growth among all sales channels over the projection period, owing to manufacturers growing reliance on e-commerce to support sales throughout their operational regions 
• The APAC region is expected to witness growth that will help meet local demand. Increased construction activity and cheap housing costs are anticipated to be two factors promoting market expansion during the forecast period

Gardening Equipment Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 92,231.6 million
Revenue forecast in 2030	USD 138,895.3 million
Growth rate	CAGR of 6.0% from 2023 to 2030
Base year for estimation	2022
Actual estimates/Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Gardening Equipment Market

• Ariens Company
• American Honda Motor Co. Inc.
• Briggs Stratton
• Deere & Company
• Falcon Garden Tools
• Fiskars
• Husqvarna Group
• Robert Bosch GmbH
• Robomow Friendly House
• The Toro Company

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Investment Casting Market Outlook On The Basis Of Application, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 24 Jan 2024: The Report Investment Casting Market Size, Share & Trends Analysis Report By Application (Aerospace & Defense, Oil & Gas, Mechanical Engineering, Automotive), By Region, And Segment Forecasts, 2023 – 2030

The global investment casting market size is expected to reach USD 24.52 billion by 2030, registering a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. The use of new computer simulation techniques and robotics is projected to boost production rates and contribute to market growth.

The investment casting process is labor-intensive on account of the precision required in the final product, which increases the cost of direct wages to the workers. However, to overcome this, technological advancements have been made by prominent players in the industry with the introduction of electronically operated robotic arms that perform the majority of casting operations. These arms apply various types of ceramic and sand coating to wax patterns and pouring of metal into the cavity.

The investment casting process is widely used for aerospace and automotive parts manufacturing on account of the need for varied sizes and dimensions of the components. The process allows the formation of minute parts by supplying metal casting in the ceramic molds with the exact shape and size of the original components. Several industries are utilizing this process to form the components of desired intricate dimensions.

The process is comparatively easy and accurate as it uses molds to form the components. The wax patterns reflecting detailed measurements of the original component are used as templates, which are then coated with ceramic materials. These patterns are melted and taken out of the mold once the ceramic coatings are hardened. Thus, the exact specification cavities are created inside the molds.

High cost compared to other conventional production methods such as die-casting during high volume production is projected to hinder the market growth. The cost allied to the overall process of the product has a majority share of the raw materials including steel and superalloys. Wax patterns and ceramic or refractory coatings also have significant effects on the overall prices of the process. In addition, expenses paid to the skilled workforce are higher owing to the hazardous and extreme working conditions in the foundries.

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Investment Casting Market Report Highlights

• By application, medical sector is projected to grow at the highest CAGR of 6.2% over the forecast period. Demand for investment cast products in dental & surgical tools, implantable parts, MRI machines, X-ray equipment, stretchers, and wheelchairs is projected to contribute to the segment growth
• Aerospace & defense accounted for the highest share in terms of the consumption of investment cast products in 2022. Several manufacturers of aerospace parts utilize the process to manufacture specialized components for large-size aircraft
• Growth in the oil & gas industry across the globe has resulted in ascending demand for casting components. Highly engineered product components manufactured via the investment casting process are utilized in offshore and onshore drilling operations and hydraulic fracturing applications
• North America accounted for a revenue share of 36.6% in 2022 of the global market, owing to the high production capacity of key players in the region. The region exhibits a high demand for aerospace and automotive cast finished parts

Investment Casting Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 17.31 billion
Revenue forecast in 2030	USD 24.52 billion
Growth rate	CAGR of 5.0% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Investment Casting Market

• Arconic, Inc.
• Doncasters Group Ltd.
• Hitachi Metals, Ltd.
• MetalTek International
• Signicast
• Precision Castparts Corp (Berkshire Hathaway)
• Zollern GmbH and Co. KG
• Impro Precision Industries Limited

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Carbon Black Market Outlook On The Basis Of Type, Application, Grade, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 23 Jan 2024: The Report Carbon Black Market Size, Share & Trends Analysis Report By Type, By Application (Tire, Non- Tire Rubber, Plastics, Inks & Coatings, Other), By Grade, By Region, And Segment Forecasts, 2024 – 2030

The global carbon black market size is expected to reach USD 31.04 billion by 2030, registering a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing tire production on accounted of growing transportation industry is driving the product demand. Carbon black is a highly regulated industry as the manufacturing process is considered harmful owing to the toxic emissions, which have adverse effects on the environment and health. In February 2003, it was added to the California Office of Environmental Health Hazard Assessment (OEHHA) list of substances known to the State that cause cancer.

Major companies in the market are focusing on R&D activities to develop new manufacturing techniques to reduce harmful emissions. Stringent regulations to curb emissions are expected to play a major role in driving the market growth. Emerging countries in Asia Pacific, such as China, Thailand, India, and Indonesia, are projected to generate the maximum product demand in the coming years. Manufacturers in North America and Europe regions are forced to shift their operations to Asian countries owing to low cost in emerging countries. However, recovery in the automotive industry in countries, such as Germany and France, is are anticipated to boost market growth in Europe over the forecast period.

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Carbon Black Market Report Highlights

• Tires emerged as a dominant application segment accounting for 68.8% of the overall revenue share in 2023 due to rise in production of tires as a result of high demand from the automotive industry
• Plastics is anticipated to be the fastest-growing application from 2024 to 2030 owing to its rising application scope in the production of high-performance products
• Stable automotive production and a gradually increasing plastics and rubber manufacturing landscape in Brazil is projected to drive the market in Latin America

Carbon Black Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 23.39 billion
Revenue forecast in 2030	USD 31.04 billion
Growth rate	CAGR of 4.8% from 2024 to 2030
Base year of estimation	2023
Historical data	2018 – 2023
Forecast period	2024 – 2030

List of Key Players of Carbon Black Market

• Orion Engineered Carbons Holdings GmbH
• OMSK Carbon Group
• Sid Richardson Carbon & Energy Co.
• Tokai Carbon Co. Ltd.
• Asahi Carbon Co. Ltd.
• Ralson Goodluck Carbon
• Atlas Organic Pvt. Ltd.
• Continental Carbon Co.
• OCI Company Ltd.
• Birla Carbon
• Bridgestone Corp.
• Cabot Corp.
• China Synthetic Rubber Corporation (CSRC)
• Himadri Companies & Industries Ltd. (HCIL)
• Mitsubishi Chemicals
• Nippon Steel & Sumikin Chemical Co. Ltd.
• Jiangxi Black Cat Carbon Black Inc.

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Stainless Steel Market Outlook On The Basis Of Grade, Product, Application, Region And Forecast From 2024 To 2030: Grand View Research Inc.

San Francisco, 22 Jan 2024: The Report Stainless Steel Market Size, Share & Trends Analysis Report By Grade (300 Series, Duplex Series), By Product (Flat, Long), By Application (Building & Construction, Consumer Goods), By Region, And Segment Forecasts, 2024 – 2030

The global stainless steel market size is expected to reach USD 197.29 billion by 2030, registering a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Higher penetration of the product and its vital importance in numerous applications is expected to support the market growth, during the forecast period.

Stainless steel has extensive utilization in the automotive sector because of its visual appeal and corrosion resistance properties. Corrosion resistance helps its use in catalytic converters and exhaust silencers. These parts face exhaust gas attacks from the inner side and road dirt, salt, and water from the external side. In such cases, stainless steel is the best suitable material. Automotive applications of the product include fuel tanks, trim, gaskets, suspension systems, and bodies of the buses.

Characteristics of diverse stainless steel materials depending upon the application make them advantageous and preferable when compared to other materials. This is a major reason for their growing demand. For example, if we compare steel and aluminum since they are often considered alternatives in many applications, steel is preferable over aluminum because of its low cost, strength, and less likely to damp, bent, or warp.

Numerous applications have propelled the demand for stainless steel during these years and by enlargement in the end-use industries, the need for these materials is expected to increase further at a rapid rate. As a result, the production of the commodity is carried out on a large scale where iron ore is the key raw material. This ore is mined from the earth’s crust.

The increasing demand together with certain disadvantages, associated with conventional production processes such as the negative environmental effect of iron ore mining, has compelled vendors to opt for an alternative step, which is recycling. The phenomenal property of stainless steel can be recycled frequently without having any impact on the quality eventually promoting the stainless steel scrap industry.

Stainless steel scrap recycling has various benefits economically and environmental. Every ton of recycled steel saves 1.5 tons of iron ore, and 0.5 tons of coal, and reduces water consumption by 40.0%. In addition, carbon dioxide emissions are reduced by 50-60%. As a result, the advantages of metal recycling along with increasing demand for stainless steel in end-use applications are propelling the growth of the stainless steel market.

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Stainless Steel Market Report Highlights

• In terms of revenue, the Asia Pacific was the largest region in 2023 and is projected to remain the fastest-growing market during the forecast period. The region accounted for more than 68.0% of the total revenue in 2023 on account of industrial production for automotive, marine, construction, and consumer goods in the countries such as China, India, and Japan
• The 300 series segment held the largest share of over 59.0% in 2023. The market is likely to be driven by the aerospace and marine industries on account of its properties such as thermal resistance and corrosion resistance
• Flat products accounted for a revenue share of more than 73% in 2023 and is likely to dominate the market over the forecast period. The segment is projected to grow on account of the demand in consumer goods along with machinery & equipment industries, which is supported by the properties of stainless steel such as concentricity, straightness, and tolerance
• Building & construction application segment is likely to observe a lucrative growth of 7.6% during the forecast period on account of massive investment in infrastructure and housing sectors by the countries such as the U.S., China, and India
• The competitive rivalry within the industry is projected to increase with rising mergers & acquisitions, capacity expansion, in addition to network distribution

Stainless Steel Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 126.36 billion
Revenue forecast in 2030	USD 197.29 billion
Growth rate	CAGR of 6.7% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2023
Forecast period	2024 – 2030

List of Key Players in the Stainless Steel Market

• Acerinox S.A.
• Aperam Stainless
• ArcelorMittal
• Baosteel Group
• Jindal Stainless
• Nippon Steel Corporation
• Outokumpu
• POSCO
• ThyssenKrupp Stainless GmbH
• Yieh United Steel Corp.

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Disposable Gloves Market Trends Analysis Report By Material, Product, End-Use, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 22 Jan 2024: The Report Disposable Gloves Market Size, Share & Trends Analysis Report By Material (Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene), By Product (Powdered, Powder-free), By End Use, By Region, And Segment Forecasts, 2024 – 2030

The global disposable gloves market size is anticipated to reach USD 16.77 billion by 2030, It is expected to expand at a CAGR of 8.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow significantly over the coming years on account of several factors including favorable occupational safety regulations, increasing importance of safety and security at workplaces, rising healthcare expenditure, and the outbreak of the COVID-19 pandemic.

The heightened awareness regarding the importance of hand protection in healthcare settings, food handling, and diverse industrial applications has significantly contributed to the expansion of the market. Furthermore, strict regulations and standards pertaining to safety and hygiene in sectors like healthcare, food processing, and pharmaceuticals have played a pivotal role in driving the demand for disposable gloves.

The healthcare industry in major developing economies is poised for notable growth due to various factors, including increased investments in both public and private sectors, a growing population, a rising geriatric demographic, and a substantial influx of migrants. Additionally, the surge in healthcare expenditure is expected to fuel the expansion of the healthcare sector, consequently boosting the demand for medical disposable gloves throughout the forecast period.

Ongoing innovations, combined with an unwavering focus on sustainability and environmental responsibility, are projected to mold the future trajectory of the market. As the global community continues to grapple with challenges related to health and safety, the market stands out as a critical component in ensuring public health across a spectrum of sectors.

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Disposable Gloves Market Report Highlights

• Natural rubber disposable gloves led the market and accounted for 36.7% of the global revenue demand in 2023. Natural rubber disposable gloves offer superior performance and protection in various applications such as medical & dental, food processing & service, janitorial & sanitation, pharmaceutical, and automotive
• The demand for disposable nitrile gloves is estimated to witness significant growth owing to their increasing adoption in the chemical, medical, painting, laboratory, dentistry, and oil sectors
• The powder-free product segment accounted for 74.4% of the global revenue share in 2023 on account of the rising preference for non-powdered gloves across many industries, including chemical, medical, and food processing
• The medical & healthcare end-use segment dominated the industry in 2022. Disposable gloves are widely used across the medical industry. They help protect doctors and patients from cross-contamination and transmission of pathogens during medical examinations and surgeries.
• Asia-Pacific region has become a focal point for market expansion. The burgeoning healthcare infrastructure, coupled with a growing awareness of safety measures, has driven the adoption of disposable gloves in countries across the region.
• In June 2023, ANSELL LTD. launched its manufacturing facilities in Sri Lanka. Ansell Textiles Lanka is now the company’s first location to be certified to ISO 50001:2018. This noteworthy achievement demonstrates Ansell’s dedication to integrating energy-efficient practices and technologies into its manufacturing processes.

Disposable Gloves Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 10.34 billion
Revenue forecast in 2030	USD 16.77 billion
Growth Rate	CAGR of 8.4% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2023
Forecast period	2024 – 2030

List of Key Players in the Disposable Gloves Market

• Ansell Ltd
• Top Glove Corporation Bhd
• Hartalega Holdings Berhad
• Supermax Corporation Berhad
• Kossan Rubber Industries Bhd
• Ammex Corporation
• Kimberly-Clark Corporation
• Sempermed USA, Inc
• MCR Safety

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Lignin Market Trends Analysis Report By Product, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 22 Jan 2024: The Report Lignin Market Size, Share & Trend Analysis Report By Product (Lingosulfonates, Kraft Lignin, Organosolv Lignin, Others), By Application, By Region, And Segment Forecasts, 2024 – 2030

The global lignin market size is expected to reach USD 1.47 billion by 2030, registering a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The product is widely utilized in the production of macromolecules used in the development of bitumen, biofuels, and bio-refinery catalysts. This factor is likely to support market growth. Growing demand for concrete admixtures and adhesives and binders coupled with increasing investments in infrastructure development is expected to fuel market growth.

Lignin is a complex polymer of aromatic alcohols which is derived from wood and is an integral part of the secondary cell walls of trees in the form of timber and lumber. Global timber harvest has increased by 60% over the last four decades and is anticipated to continue to grow in the near future. However, the market is likely to grow at a steady pace owing to the presence of a stringent regulatory framework in terms of deforestation.

In certain cases, lignin manufacturing companies form direct alliances and strategic partnerships with application industries. Lignin is extensively used as a precursor in the manufacture of aromatics and macromolecules. Lignin-containing aromatics and macromolecules are further used in a wide range of end-uses including dust control, animal feed, concrete admixtures, dispersants, binders, and adhesives.

Ligno-sulphonates are water-soluble polymers, majorly used as plasticizers for manufacturing cement and concrete on account of maintaining the flow ability of the mixture and as grinding aids in the mill. Other applications of ligno-sulphonates include plasterboard production, drilling fluid, carbon black, dyes, and pesticides. Concrete production growth in the U.S., China, and India in light of the improvement in domestic infrastructure is expected to increase the importance of ligno-sulphonates over the forecast period.

Companies including Domtar Corp, Asia Lignin, and Dallas procure raw materials from the above-mentioned companies to manufacture various grades of lignin. The finished products are then supplied to application industries through various distribution channels including vendors, wholesalers and distributors.

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Lignin Market Report Highlights

• Lignosulfonates emerged as the largest product segment in the market in 2023 and is estimated to maintain its dominance over the forecast period. EPS exhibit excellent dielectric strength, and resistance to chemicals, heat, and moisture, making it a preferred material for insulation of electric component in building applications. Foamed plastics are expected to witness significant demand for building insulation applications, owing to the energy efficiency regulations imposed by various governments across the globe
• Kraft lignin growing at a CAGR of 3.3% from 2024 to 2030. The increasing importance of biofuels in Europe and North America on account of regulatory support to reduce air pollution and decreasing levels of GHG emissions is expected to fuel kraft lignin demand over the forecast period
• The robust manufacturing base of the chemical industry in Brazil and increasing domestic consumption are anticipated to force chemical manufacturers to increase expenditure on the development of raw materials such as lignin for aromatics production. Furthermore, the demand in MEA is expected to benefit from various strategic initiatives by manufacturers within the aromatics industry
• Growing automobile production in the U.S. on account of rising domestic consumption and new product launches is expected to promote demand for lightweight materials such as carbon fibers. Automobile manufacturers such as Ford Motors are deploying bio-based lightweight materials in their product offerings in order to reduce carbon footprints and provide fuel economy benefits to driving customers. As a result, favorable regulations aimed at promoting biopolymers industry in the U.S. coupled with growing domestic demand for bio-based automotive material is expected to have a positive impact on the lignin market in the near future

Lignin Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 1.08 billion
Revenue forecast in 2030	USD 1.47 billion
Growth Rate	CAGR of 4.4% from 20243 to 2030
Historical data	2018 – 2023
Forecast period	2024 – 2030

List of Key Players in the Lignin Market

• Stora Enso
• West Fraser
• UPM Biochemicals
• Sweetwater Energy
• Borregaard LignoTech
• Rayonier Advanced Material
• Domsjo Fabriker
• Changzhou Shanfeng Chemical Industry Co Ltd
• Domtar Corporation
• Nippon Paper Industries Co., Ltd
• Metsa Group
• The Dallas Group of America, Inc
• Liquid Lignin Company
• Burgo Group S.p.A
• Valmet Corporation

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Pneumatic Conveying Systems Market Segmented On The Basis Of Operating Principle, Technology, End-Use, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 19 Jan 2024: The Report Pneumatic Conveying System Market Size, Share & Trends Analysis Report By Operating Principle Type (Dilute Phase, Dense Phase), By Technology, By End Use, By Region, And Segment Forecasts, 2024 – 2030

The global pneumatic conveying systems market size is expected to reach USD 48.36 billion by 2030, registering a CAGR of 5.8% from 2023 to 2030, according to a new study by Grand View Research Inc. The increasing automation in the manufacturing sector has significantly transformed the pneumatic conveying system market during the past few years.

Demand for robust and novel technologies in the pneumatic conveying system market has witnessed an upsurge, to cope with the rapidly developing manufacturing techniques such as robotics. Furthermore, due to the increased customized and advanced handling demands, the pneumatic conveying system market is expected to witness robust growth during the forecast period.

Conveying systems form an important part of the material handling industry. The varied type of conveying systems are available, pneumatic conveying system uses pressure difference and flow of air or other gases as the driving force for the conveying system. This is usually supplied by an air mover and kept under control for desired applications. The market for pneumatic conveying systems is expected to witness healthy growth during the forecast period.

Pneumatic conveying systems are more flexible than existing mechanical systems, occupy less space, and provide enclosed space for transportation. Another significant advantage of a pneumatic conveying system over a mechanical one is relatively low maintenance cost, which is because pneumatic conveying systems have less number of moving parts.

Additionally, advantages provided by pneumatic conveying systems, such as low maintenance costs, minimal installation space requirements, durability, and flexibility, are the main drivers influencing customers to choose pneumatic conveying systems over other systems offered in the market. Thus, the growing demand for pneumatic conveying systems worldwide. The global pneumatic conveying systems industry is expected to generate significant revenue from installation and MRO services.

The market for pneumatic conveying systems may be hampered by the factors such as high power requirements for the conveyor, ongoing air pressure monitoring, and the need for larger dust collecting systems than other systems, currently on the market. A further obstacle to the global pneumatic conveying systems market is the end-user industries’ slow growth, particularly in the metal and mining sectors.

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Pneumatic Conveying Systems Market Report Highlights

• The dilute phase conveying segment held the largest share of 73.11% of the overall revenue in 2022
• Due to the increased customized and advanced handling systems demands, the pneumatic conveying system market is expected to witness robust growth during the forecast period
• The shift of the pharmaceutical manufacturing sector from developed to developing regions is likely to fuel the demand for pneumatic conveying systems market in APAC

Pneumatic Conveying Systems Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 32.57 billion
Revenue forecast in 2030	USD 48.37 billion
Growth rate	CAGR of 5.8% from 2023 to 2030
Actual data	2018 – 2023
Forecast period	2024 – 2030

List of Key Players in the Pneumatic Conveying Systems Market

• Atlas Copco AB
• Coperion GmbH
• Cyclonaire Corporation
• Dongyang P & F
• Dynamic Air Inc.
• Flexicon Corporation
• Gericke AG
• Nol-Tec Systems Inc.
• VAC-U-MAX
• Schenck Process Holding GmbH
• Pneumatic Conveying, Inc.
• Nilfisk Group
• Gericke AG
• Flexicon Corporation

Access Press Release of Pneumatic Conveying Systems Market @ https://www.grandviewresearch.com/press-release/global-pneumatic-conveying-system-market

Precision Farming Market Overview By Offering, Application, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 19 Jan 2024: The Report Precision Farming Market Size, Share, & Trends Analysis Report By Offering (Hardware, Software, Service), By Application (Precision Farming Application, Livestock Monitoring Application, Smart Greenhouse Application, Others), And Segment Forecasts, 2024 – 2030

The global precision farming market size is anticipated to reach USD 24.09 billion by 2030, registering a CAGR of 12.6% from 2023 to 2030. Precision farming, also known as site-specific crop management or satellite farming, is a farm management concept that uses information technology to ensure optimum health and productivity of crops.

The precision farming technique largely depends on specialized equipment such as sensing devices, antennas and access points, and automation and control systems. It also includes maintenance and managed services. The process also incorporates a broad range of technologies such as bio-engineering, robotics and automation, imagery and sensors, and big data.

The growing number of applications for telematics in agriculture is anticipated to supplement the growth of the market. Telematics services include tracking devices that deploy the Global Navigation Satellite System (GNSS) to show the position of the equipment for management purposes. Major agriculture equipment manufacturers are adopting telematics services for their equipment to improve farm efficiency, thereby reducing the cost of agricultural operations and maximizing profitability. Improved management can also help reduce environmental impact.

Telematics technology is used to capture and transfer data from the farm equipment through sensors installed on tractors and other field monitoring equipment. The increasing adoption of telematics systems by agricultural equipment companies is expected to drive the growth of the market during the forecast period.

Furthermore, with GPS guidance and automation advancements, drones are poised to transform the agriculture industry in the forthcoming years. The ability of drones to precisely analyze the soil at the beginning of the crop cycle and detect a plant infected with bacteria or fungus is anticipated to propel the growth of the drone segment.

However, the low rate of technology adoption among farmers is likely to hamper market growth during the study period. This may be due to factors such as the absence of stringent standards and limitations on the exchange of data. Furthermore, farmers lack independent consulting and advisory services owing to the absence of validated agronomic models for Variable Rate Technology (VRT) to make decisions on investments. In addition, independent services are not linked to co-operatives, government bodies, and farmer associations where farmers can get additional information to make better decisions.

Access Research Report of Precision Farming Market @ https://www.grandviewresearch.com/industry-analysis/precision-farming-market

Precision Farming Market Report Highlights

• Increasing government support for adopting modern agricultural techniques and the growing need for efficiently monitoring the health of crops are expected to drive market growth
• The cloud-based software model is anticipated to gain a significant share of the market over the projected period as it reduces energy consumption and provides storage for a large amount of data while facilitating cost saving
• Innovations in GPS mapping and related farming applications are enabling farmers to operate more efficiently and increase their profit margin
• Demand for drones is expected to grow in the agriculture field as they are increasingly used to monitor irrigation systems
• Yield monitoring is expected to continue leading the application segment in terms of revenue share. It is widely used in soil monitoring since it detects soil qualities that may be used to increase yields
• The digital revolution in the agricultural sector, along with government financial incentives to farms, is likely to drive demand for precision farming in Europe in the forthcoming years
• Asia Pacific is expected to showcase the fastest growth owing to the availability of the largest agricultural land, which provides growth opportunities in countries such as China, India, Australia, and Japan

Precision Farming Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 10.50 billion
Revenue forecast in 2030	USD 24.09 billion
Growth Rate	CAGR of 12.6% from 2023 to 2030
Actual Data	2017 – 2023
Forecast period	2024 – 2030

List of Key Players of Precision Farming Market

• Ag Leader Technology
• AgJunction, Inc.
• CropMetrics LLC
• Trimble, Inc.,
• AGCO Corporation
• Raven Industries Inc.
• Deere and Company
• Topcon Corporation
• AgEagle Aerial Systems Inc. (Agribotix LLC)
• DICKEY-john Corporation
• Farmers Edge Inc.
• Grownetics, Inc.
• Proagrica (SST Development Group, Inc.)
• The Climate Corporation

Access Press Release of Precision Farming Market @ https://www.grandviewresearch.com/press-release/global-precision-farming-market

Commercial Refrigeration Equipment Market Segmented On The Basis Of Product, Application, System Type, Capacity, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 18 Jan 2024: The Report Commercial Refrigeration Equipment Market Size, Share & Trends Analysis Report By Product (Refrigerators & Freezers, Beverage Refrigeration), By Application, By System Type, By Capacity, By Region, And Segment Forecasts, 2023 – 2030

The global commercial refrigeration equipment market size is estimated to reach USD 58.31 billion by 2030, registering an estimated CAGR of 5.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The major aspects driving the market growth are the increasing consumption of frozen foods and the significant expansion of tourism and hospitality industries.

The rising environmental concerns about harmful emissions produced by refrigerators such as Hydro-chlorofluorocarbons (HCFC) and Chlorofluorocarbons (CFC) have led to the establishment of norms promoting the adoption of energy-efficient equipment for commercial refrigeration. The Clean Air Act launched by the U.S. Environment Protection Agency mandates the regularized application of low Global Warming Potential (GWP) refrigerants in the commercial segment.

Such regulatory measures are urging the companies operating in market to develop energy-efficient offerings with lesser environmental impact. For instance, in September 2022, Carrier Transicold introduced its new range of cutting-edge sustainable and electric temperature-controlled transport units at IAA Transportation 2022 in Germany. The new product offerings include Carrier’s first hydrogen fuel cell-powered Vector trailer unit supporting the temperature-controlled transport solutions for decarbonizing the cold chain.

The global outbreak of the COVID-19 pandemic had severely affected the commercial foodservice industry and retail industries, thereby impacting the expansion of the commercial refrigeration equipment market. However, the industry witnessed a strong demand from the pharmaceutical and biotechnology industries with the increasing need to produce and store vaccines. Several pharmaceutical firms and research institutes demanded vaccine storage refrigerators as a part of their R&D activities to deliver life-saving vaccines against the coronavirus.

Access Research Report of Commercial Refrigeration Equipment Market @ https://www.grandviewresearch.com/industry-analysis/commercial-refrigeration-equipment-market

Commercial Refrigeration Equipment Market Report Highlights

• In terms of product, refrigerators and freezers segment held a revenue share of about 25.0% in 2022 owing to the increased demand for vaccine storage units during the pandemic for conducting the immunization process
• In terms of application, food and beverage distribution segment is estimated to record a substantial CAGR from 2023 to 2030 with the ongoing developments in cold channel logistics for transporting temperature-sensitive items
• In terms of system type, the self-contained segment held around 86.0% revenue share in 2022 owing to increasing demand driven by the ease of installation and low maintenance and relocation cost of appliances
• In terms of capacity, the 51 cu. Ft. – 100 cu. Ft. segment held a notable revenue share of more than 45.0% in 2022, owing to the rising number of specialty food stores, hypermarkets, and supermarkets across the globe
• North America captured a sizeable revenue share in 2022 owing to greater consumer inclination toward the adoption of smart equipment across commercial kitchens

Commercial Refrigeration Equipment Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 40.8 billion
Revenue forecast in 2030	USD 58.3 billion
Growth rate	CAGR of 5.2% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Commercial Refrigeration Equipment Market

• AHT Cooling Systems GmbH
• Ali Group S.r.l. a Socio Unico
• Carrier
• Daikin Industries, Ltd.
• Dover Corporation
• Electrolux AB
• Hussmann Corporation
• Illinois Tool Works Inc.
• Johnson Control
• Lennox International Inc.
• Panasonic Corporation
• Whirlpool Corporation

Access Press Release of Commercial Refrigeration Equipment Market @ https://www.grandviewresearch.com/press-release/global-commercial-refrigeration-equipment-market