Smart Manufacturing Market Outlook On The Basis Of Component, Technology, End-Use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 21 Dec 2023: The Report Smart Manufacturing Market Size, Share & Trends Analysis Report By Component, By Technology (Product Lifecycle Management, 3D Printing, Enterprise Resource Planning), By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global smart manufacturing market size is predicted to hit USD 787.54 billion by 2030, according to a new study by Grand View Research, Inc. The market is also anticipated to register a CAGR of 14.9% from 2023 to 2030, based on a recent report by Grand View Research, Inc. This market is popularly known as industry 4.0 as the advancement and integration of manufacturing with technology and automation processes in manufacturing is driven by the Internet of Things (IoT), machine learning, and real-time data. It is focused on combining innovation and efficiency as production processes grow faster. The industry is intended to adopt smart production methods across various domains. The need to increase productivity and improve the visibility of the entire system are two major factors driving the market growth.

The proliferation of the Industrial Internet of Things (IIoT) is expected to create challenges in controlling large amounts of data and accessing data and hence participants can opt for self-study programs and Artificial Intelligence (AI) technologies to avoid challenges. However, with increasing reliance on data, the industry aims to prevent contact with processes from preventing unintended issues. An essential aspect of the industry is the need to integrate various technologies such as intelligent sensors, robots, and cloud computing. Digital development has created the opportunity to use integrated technologies to achieve measurable results. Simulation, 3D printing, and network technology development have made the market a promising investment center for technology developers and users.

Several countries around the world imposed strict closures to prevent the spread of COVID-19, with severe restrictions and safety measures. Leading companies that produce smart devices started using IoT deployment, statistics, and AI-based digital platforms to reduce the need for human interaction. In addition, reduced efficiency in production lines due to social isolation processes is also strengthened with the help of automated solutions, thereby reducing employee involvement in production processes.

While established retailers are pushing their technology harder in new fields and operating environments, the barriers to entry are declining rapidly. These trends have led to an increase in competition among retailers, thus, leading to the introduction of fictional business models as advanced products. Buyers are experiencing a paradigm shift and focus on ordering rather than production to sell stock. These circumstances are expected to drive a comprehensive overhaul of production business models. This, in turn, is expected to fuel the market during the forecast period.

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Smart Manufacturing Market Report Highlights

• Industrial 4.0 has been helping to transform the market from acquiring legacy systems to smart components and sophisticated equipment to the development of digital factories, and later, to the ecosystem of plants and connected businesses
• Based on the technology segment, the 3D Printing type of smart manufacturing is anticipated to grow with the highest CAGR of 17.8% during the forecast period due to the rise in the usage of 3D animation in the production of spare parts
• The software segment is poised to grow with the highest CAGR of 15.5% during the forecast period. The advent of analytics and AI-driven systems is expected to be a key factor driving the growth of the market
• The Asia Pacific region contributed the largest revenue share in 2022, owing to the constant advancements in automation and reducing dependency on other nations for an in-house manufacturing facility

Smart Manufacturing Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 297.20 billion
Revenue forecast in 2030	USD 787.54 billion
Growth rate	CAGR of 14.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in Smart Manufacturing Market

• ABB Ltd.
• Siemens
• General Electric
• Rockwell Automation, Inc.
• Schneider Electric
• Honeywell International Inc.
• Emerson Electric Co.
• Fanuc UK Limited

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Small Hydropower Market Outlook On The Basis Of Capacity, Component, Type, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 21 Dec 2023: The Report Small Hydropower Market Size, Share & Trends Analysis Report By Capacity (Up To 1 MW, 1 – 10 MW), By Type (Micro Hydropower, Mini Hydropower), By Component, By Region, And Segment Forecasts, 2022 – 2030

The global small hydropower market size is expected to reach USD 2.56 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.8% from 2022 to 2030. Growing investments in smart “energy-saving” across various end-uses are expected to provide an impetus to the adoption of small hydropower energy for electricity generation. Moreover, an increase in greenhouse gas emissions due to the growing power consumption has fueled the United Nations Industrial Development Organization (UNIDO) and Federal Energy Regulatory Commission (FERC) to adopt certain renewable energy measures. Policies by the Federal Energy Regulatory Commission in order to encourage renewable sources of energy, coupled with the need to deliver energy in rural locations, are expected to foster market growth.

The micro hydropower type segment dominated the market and accounted for over 55.0% in 2021. Micro hydropower projects range from less than 1 MW that can provide power for a rural industry or small community in remote areas away from the grid area. The micro hydropower systems consist of essential components including water conveyance channels or pipelines, turbines, pumps, alternators, regulators, and electricity distribution wiring. Commercially available turbines and generators are being sold as a package and require only the assembling of components, which makes the systems easy to manage and replace. Up to 1 MW led the market and accounted for over 55.0% in 2021. They are set up in geographical areas having flowing water through great mountain ranges and their foothills. They are either used as stand-alone systems or, more often, as systems feeding into the grid. The hydropower system of 100 kW capacity is used to power the rural industries, small communities, or remote areas away from the grid.

Civil construction accounted for a substantial share of project costs across all small hydropower projects (SHPPs). Therefore, to correctly led the water onto the turbines and raise the water head level, civil constructions such as weirs (dams) are being built. Hence, these simple constructions are more economical than large hydropower plant projects. The market is anticipated to witness steady growth in all segments as the amount of electricity resources increases. The reduction in renewable energy costs and the decrease in infrastructure costs promote the rapid production of small hydropower plants in the region, leading to the increasing adoption by mini and micro small hydro facilities in the Asia Pacific. The Asia Pacific market is expected to grow during the projected period owing to the investments in off-grid energy generation and rural electrification.

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Small Hydropower Market Report Highlights

• In terms of revenue, the micro hydropower type segment accounted for the largest share of over 55.0% in 2021 and is expected to witness steady growth over the forecast period
• The civil construction component segment dominated the market and accounted for a revenue share of more than 30.0% in 2021
• In 2021, Asia Pacific accounted for a revenue share of over 35.0%. The market in this region is led by China, Japan, and India. The reduction in renewable energy costs and the decrease in infrastructure costs promote the rapid production of small hydropower plants in the region, leading to the increasing adoption by mini and micro small hydro facilities in the Asia Pacific
• Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, In October 2021, ANDRITZ, an international technology group offering hydropower generation equipment such as pump turbines, submersible motors, and services for various industries, received a contract worth USD 86.77 million (75 million euros) from the U.S. Army Corps of Engineers based in Tulsa District for the restoration and up-gradation of all four turbines and generators at Robert S. Kerr hydroelectric power plant, located along Arkansas River in Eastern Oklahoma adjacent to the town of Cowlington

Small Hydropower Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 2.10 billion
Revenue forecast in 2030	USD 2.56 billion
Growth rate	CAGR of 2.8% from 2022 to 2030
Base year for estimation	2021
Historical data	2019 – 2020
Forecast period	2022 – 2030

List of Key Players of Small Hydropower Market

• ANDRITZ
• Bharat Heavy Electricals Limited
• FLOVEL Energy Private Limited
• General Electric
• Gilkes
• Natel Energy
• Siemens Energy
• SNC Lavalin Group
• TOSHIBA CORPORATION
• Voith GmbH & Co. KGaA

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Pressure Sensitive Adhesives Market Outlook On The Basis Of Technology, Product, End-Use, Adhesive Chemistry, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 20 Dec 2023: The Report Pressure Sensitive Adhesives Market Size, Share & Trends Analysis Report By Product (Graphic Films, Tapes), By Technology, By Adhesive Chemistry (Acrylic, Rubber), By End-use (Automotive, Packaging), And Segment Forecasts, 2023 – 2030

The global pressure sensitive adhesives market size is expected to reach USD 16.71 billion by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% from 2023 to 2030. Rising demand from packaging industry is predicted to drive the Pressure Sensitive Adhesive (PSA) market growth. Water-based PSAs, also known as emulsion PSA, led the market in 2022. The environmentally friendly nature of these PSAs coupled with compliance with government regulatory bodies, such as Environmental Protection Agency (EPA), is the crucial factor supporting the segment growth.

Radiation cured PSAs are estimated to witness the fastest CAGR over the forecast period. They are typically based on acrylic formulations and provide an ideal solution combining balanced performance, good weather resistance, and advantageous processing. New product launches along with extensive R&D in radiation cured technology are expected to propel the segment growth over the forecast period. Packaging industry, especially food packaging, is one of the most significant end-use industries. PSA labels and tapes help maintain the brand image of the packaged product and are compatible with numerous substrates and coatings.

They offer significant advantages, such as instant bonding and user-friendly application. In the automotive industry, labels play an important role in the supply chain of a car. Majority of the total automotive labels are applied on the automotive parts before car assembly in the supply chain. Several numbers are stamped on pieces of metals and parts to aid in automotive assembly. Apart from labeling, these tapes are used in the assembly of interior vehicle components like dashboards, glass, mirrors, fabric, and carpet.

In the construction industry, higher bonding speed, longer durability, extreme weather resistance, and user-friendly features of acrylic tapes play a crucial role. Acrylic construction tapes are an eco-friendly option as they produce minimal off-gases and fumes. With stringent environmental codes and regulations in the construction industry, PSA high-performing tapes are expected to emerge as the ideal choice for architects and builders.

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Pressure Sensitive Adhesives Market Report Highlights

• Water-based technology led the market in 2022. These products are eco-friendly, which is a significant factor driving the segment growth
• Tapes segment led the market in 2022. Increasing demand for carton sealing from the packaging industry and its increasing usage in automotive assembly is the major factor driving the segment
• In terms of revenue, graphic films are estimated to register the fastest CAGR of over the forecast period. Increasing demand for vehicle graphics and advertising graphics will stimulate the segment growth
• Silicone-based adhesive formulations are estimated to expand at the fastest CAGR owing to excellent weather resistance and long-term durability offered by these formulations
• Asia Pacific led the global PSAs market in 2022 owing to extensive product demand and manufacturing activities in the region
• 3M Company, Henkel, and Avery Dennison are the dominant industry participants owing to their wide product portfolio and significant integration in the manufacturing process

Pressure Sensitive Adhesives Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 12.74 billion
Revenue forecast in 2030	USD 16.71 billion
Growth rate	CAGR of 4.3% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Pressure Sensitive Adhesives Market

• B. Fuller
• Henkel AG & Co., KGaA
• Bostik S.A.
• 3M
• Sika AG
• Ashland, Inc.
• Pidilite Industries Ltd.
• Jubilant Industries Ltd.
• AkzoNobel N.V.
• Franklin Adhesives & Polymers.
• DowDuPont Inc.

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Metal Matrix Composite Market Trends Analysis Report By Product, End-Use, Region And Forecast To 2027: Grand View Research Inc.

San Francisco, 13 Dec 2023: The Report Metal Matrix Composite Market Size, Share & Trends Analysis Report By End-use (Ground Transportation, Electronics), By Product (Refractory, Aluminum), By Region, And Segment Forecasts, 2020 – 2027

The global metal matrix composite market size is expected to reach USD 558.5 million by 2027 registering a CAGR of 6.4%, according to a new report by Grand View Research, Inc. Rising concerns regarding environmental degradation and increasing levels of carbon emissions and pollution have created the need for the replacement of conventional dense materials with high-performance and lightweight materials in the automotive, aerospace, and other applications.

Thus, growing focus on performance enhancement, in terms of fuel efficiency and safety, is expected to be the major factor augmenting the product demand over the forecast period. These composites offer excellent strength and stiffness, higher operating temperatures, and enhanced wear resistance, owing to which, they are widely used across various end-use industries.

In addition, increased spending on R&D and extensive support offered by various governments, in terms of monitory funds and joint ventures (public-private partnerships), are anticipated to assist the manufacturers in developing newer technology and superior products. This is estimated to have a positive impact on the metal matrix composite (MMC) market growth. However, the high manufacturing costs, low yield, and complex fabrication methods are expected to pose a challenge for market growth over the coming years.

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Metal Matrix Composites Market Report Highlights

• The aluminum product segment, in terms of volume, is anticipated to witness significant growth at a CAGR of 6.3% owing to the growing demand for lightweight materials with enhanced mechanical strength in the automotive and construction industries
• The aerospace segment, in terms of revenue, is expected to register a healthy CAGR of 6.7% owing to increasing use of MMCs in applications including interior, avionics ducting, and seat components
• The electronics/thermal management end-user segment is anticipated to register the fastest CAGR from 20020 to 2027 on account of increasing demand for accurate and efficient components in various electronic products
• Asia Pacific will be the fastest-growing regional market over the forecast period on account of growing transportation, aerospace, construction, and electronics industries in countries, such as China, India, and Japan
• In July 2019, GKN Powder Metallurgy, a division of GKN plc, opened a new customer center in Bonn, Germany, which has enabled the company to cater to its customers and partners more efficiently

Metal Matrix Composite Market Report Scope

Report Attribute	Details
Market size value in 2020	USD 360.0 million
Revenue forecast in 2027	USD 558.5 million
Market volume in 2020	8,395.0 tons
Volume forecast in 2027	12,842.5 tons
Growth Rate (Revenue)	CAGR of 6.4% from 2020 to 2027
Base year for estimation	2019
Historical data	2016 – 2018
Forecast period	2020 – 2027

List of Key Players of Metal Matrix Composites Market

• Materion Corporation
• GKN plc
• 3M
• ADMA Products, Inc.
• TISICS Ltd.
• Thermal Transfer Composites LLC
• DWA Aluminum Composites USA, Inc.
• CPS Technologies Corporation
• Deutsche Edelstahlwerke GmbH
• Plansee Group
• Sandvik AB
• Mi-Tech Tungsten Metals, LLC
• DAT Alloytech Company Limited
• AMETEK Specialty Metal Products
• CeramTec
• Santier, Inc.

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Medical Tubing Market Outlook On The Basis Of Product, Application, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 13 Dec 2023: The Report Medical Tubing Market Size, Share & Trends Analysis Report By Product Type (Silicone, Polyolefins, Polyimide, Polycarbonates), By Application (Bulk Disposable Tubing, Catheters, Drug Delivery Systems), By Region, And Segment Forecasts, 2024 – 2030

The global medical tubing market size is anticipated to reach USD 19.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.5% from 2024 to 2030. The prevalence of respiratory diseases such as asthma, lung cancer, and pulmonary fibrosis worldwide is anticipated to fuel the global demand for medical tubing, as it is essential component of respiratory devices such as ventilators and nebulizers.

Growing awareness among the masses about hospital-acquired diseases and surging concerns about the spread of such infections are projected to drive demand for disposable medical devices. According to the World Health Organization (WHO), the incidences of ICU-acquired infections are 2 to 3 times higher in low- and middle-income countries than in high-income countries, while device-associated infections are approximately 13 times higher in these countries than in the U.S.

Governments, predominantly in emerging economies, are investing in their medical infrastructure and insurance to help the masses afford proper healthcare when required to prevent the occurrence of chronic diseases in them. Additionally, as these countries are growing economically, the standard of living of their population is also improving, which makes it possible for them to have access to advanced healthcare. These factors are anticipated to fuel the growth of medical tubing product demand over the forecast period.

According to a report by the Australian Government Department of Health, approximately 47% of the Australian population, or 11.6 million people, will have one or more of the 10 selected chronic conditions such as back pain, cancer, chronic obstructive pulmonary diseases, mental health conditions, diabetes, asthma, and arthritis by 2020–2021. Thus, the occurrence of life-threatening diseases and chronic diseases is anticipated to be one of the major factors boosting market growth.

Medical tubing manufacturers are seeking collaborations, mergers, and acquisitions to develop advanced and innovative solutions. In addition, manufacturers are also adopting several strategies, like new product development, and geographical expansion, to enhance their market penetration and cater to end-use industries. For instance, Nordson Corporation acquired NDC Technologies. The aim behind the acquisition is to expand the former’s test and inspection platform into new end markets and adjacent technologies.

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Medical Tubing Market Report Highlights

• The demand for silicone product type segment accounted for 25.7% of the global revenue share in 2023. Silicone is widely used in medical applications as it is not toxic to living tissues and is unlikely to yield an allergenic response. Silicon tubing used in medical devices is usually of higher grade and is manufactured using a continuous vulcanization and extrusion process
• The demand for bulk disposable tubing segment accounted for a 34.8% share of the global revenue in 2023. Bulk disposable devices include surgical instruments, urological products, syringes, and needles among others. Increasing emphasis on preventing the spread of infection from one patient to another is expected to drive the segment over the forecast period
• The drug delivery systems by material segment accounted for a 25.2% share of the global revenue in 2023. Manufacturers of drug delivery systems are significantly utilizing silicone for developing their products so that they can release ions of active additives or components. Some clinically successful drug delivery systems that use silicone are Femring (Warner Chilcott; Rockaway, NJ) and Norplant (Wyeth Pharmaceuticals; Madison, NJ)
• North America accounted for 35.6% of the global revenue share in 2023. Factors such as technological advancements, and increasing healthcare spending coupled with government policies are likely to propel the market demand. For instance, in 2021, according to NHE (National Health Expenditure Data) U.S. medicare spending increased by 8.4% USD 900 billion and medicaid increased by 9.2% USD 734 billion compared to 2020
• In May 2022, Freudenberg launched HelixFlex TPE tubing for bioprocessing applications and pharmaceuticals. This helped the company to extend company’s product portfolio

Medical Tubing Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 11.9 billion
Revenue forecast in 2030	USD 19.5 billion
Growth rate	CAGR of 8.5% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 – 2022
Forecast period	2024 – 2030

List of Key Players in the Medical Tubing Market

• Asahi Tec Corp.
• MDC Industries
• Nordson Corp.
• ZARYS International Group
• Hitachi Cable America Inc.
• NewAge Industries, Inc.
• TE Connectivity
• Freudenberg & Co. KG
• Spectrum Plastics Group
• ATAG SpA

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Heat Transfer Fluids Market Outlook On The Basis Of Product, Application, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 8 Dec 2023: The Report Heat Transfer Fluids Market Size, Share & Trends Analysis Report By Product (Silicone Fluids, Aromatic Fluids, Mineral Oils), By Application (Oil & Gas, Chemical Industry, CSP, Food & Beverages), By Region, And Segment Forecasts, 2023 – 2030

The global heat transfer fluids market size is projected to reach USD 14.2 billion by 2030, according to a new report by Grand View Research, Inc., registering a CAGR of 3.2% during the forecast period. The growing demand from the manufacturing and energy sectors is expected to drive the global market. Thermal oils are typically formulated from petrochemicals and mineral oils, which eventually harm the environment in terms of recyclability, biodegradability, and aqueous toxicity. Due to multiple strict regulations laid down by governments across the globe, the growth of heat transfer fluids (HTFs) has taken a hit.

Major innovators in the field are trying to bring imminent changes in the production process, such as the usage of bio-based products, increased extraction efficiency, and enhanced solvent recovery. The COVID-19 pandemic caused serious disruption in businesses and supply chains. The decrease in supply and demand for oil & gas, especially in North America and Europe, halted the onshore and offshore production processes, impacting the market growth. Food-grade HTFs are widely used for storage and refrigeration applications. With rising precision in temperature control in the processing of food and beverages, thermal fluid systems are gaining acceptance in upcoming food processing plants and facilities.

These products are highly preferred due to lower maintenance costs and low-pressure requirements in the processing facility. Asia Pacific is estimated to be the fastest-growing regional market from 2023 to 2030 due to the rising demand from China and Japan. Rapid industrialization and the development of new machinery have increased the importance of HTFs. Investments in renewable energy initiatives, such as CSP, are expected to have a positive impact on industry growth. For example, in January 2022, China announced to start and complete 11 CSP projects by 2024.

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Heat Transfer Fluids Market Report Highlights

• Silicone-based products are anticipated to exhibit a CAGR of 4.0% from 2023 to 2030 owing to the rising application scope in the oil & gas and chemical manufacturing sectors
• The consumption of HTFs in pharmaceuticals accounted for a significant market share in 2022 due to its application in extraction and crystallization processes
• The demand for monoethyl-based glycols in HVAC applications is expected to exhibit a considerable CAGR from 2023 to 2030 owing to their compatibility across wide temperature ranges
• Asia Pacific dominated the market, in terms of revenue, in 2022 due to the high demand from emerging countries, such as India, Indonesia, and Thailand
• The Central & South America market is expected to register a steady CAGR from 2023 to 2030 owing to changing political dynamics
• Moreover, rising automobile production in the region is expected to drive the product demand

Heat Transfer Fluids Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 11.06 billion
Revenue forecast in 2030	USD 14.2 billion
Growth Rate	CAGR of 3.2% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in Heat Transfer Fluids Market

• Dynalene, Inc.
• Indian Oil Corporation Ltd. (IOCL)
• KOST USA, Inc
• Hindustan Petroleum Corporation Ltd. (HPCL)
• Delta Western, Inc. (DWI)
• British Petroleum (BP)
• Huntsman Corporation
• Royal Dutch Shell Plc
• Eastman Chemical Company
• Phillips 66
• Chevron Co.
• BASF SE
• ExxonMobil Corporation
• Dow Chemicals
• Dalian Richfortune Chemicals Ltd.
• GJ Chemical
• Radco Industries Inc
• LANXESS AG

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Enhanced Oil Recovery Market Segment Analysis By Technology, Application, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 5 Dec 2023: The Report Enhanced Oil Recovery Market Size, Share & Trends Analysis Report By Technology (Thermal, CO2 Injection, Chemical), By Application (Onshore, Offshore), By Region, And Segment Forecasts, 2022 – 2030

The global enhanced oil recovery market size is expected to reach USD 76.78 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.8% from 2022 to 2030. A growing number of aging wells witnessing declining production rates, coupled with rising government investment in research and development activities, is likely to drive the market for enhanced oil recovery (EOR) over the forecast period.

Increasing technological advancements are enabling E&P companies to revive old wells and thus attain optimum production. This trend is estimated to positively influence the EOR industry landscape. The increasing number of mature wells and significant investment in R&D activities for new technology development by various market players to improve the oil recovery process are expected to fuel the growth of the industry.

Industry participants enter into several strategic collaborations, mergers & acquisitions, and joint ventures in order to expand their foothold across various regional markets and develop economic technologies. The technologies used in EOR are mostly in-housed by the companies. To further reduce the overall operational costs, market players procure raw materials such as nitrogen, carbon dioxide, polymer, and others from small-scale regional players.

The COVID-19 pandemic has severely disrupted the oil and gas market with drastically plummeting oil prices resulting in delayed drilling projects. The demand for crude oil is anticipated to drop further due to reduced industrial activity and transport due to COVID-19. These factors are expected to negatively affect the growth of the market in the near future.

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Enhanced Oil Recovery Market Report Highlights

• The thermal technology segment occupied the largest revenue share in 2021. Thermal technology lowers the oil viscosity and increases its mobility ratio, thereby enhancing the oil recovery process
• The CO2 injection technology segment is anticipated to be the fastest-growing segment over the forecast period owing to its eco-friendly nature of reducing carbon emissions by utilizing the emissions for refineries and coal-based power plants
• The onshore application segment occupied the largest revenue share in 2021 owing to the significant presence of onshore exploration and production projects across the world, along with lower conventional extraction costs for onshore oilfields
• North America accounted for the largest revenue share in 2021 owing to the presence of a large number of existing and new EOR projects under operation across the region in countries such as the U.S. and Canada
• Asia Pacific is expected to witness the fastest growth over the forecast period owing to the rise in EOR activities expected in Asian countries such as China, Malaysia, Indonesia, and India

Enhanced Oil Recovery Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 42.24 billion
Market size value in 2030	USD 76.78 billion
Growth rate	CAGR of 7.8% from 2022 to 2030
Base year for estimation	2021
Historical data	2019 – 2020
Forecast period	2022 – 2030

List of Key Players of Enhanced Oil Recovery (EOR) Market

• BP plc
• Cenovus Energy, Inc.
• Chevron Corporation         
• Equinor ASA
• ExxonMobil Corporation
• LUKOIL
• Petróleo Brasileiro S.A.
• Total SA

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Ceramic Matrix Composites Market Outlook On The Basis Of Product, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 30 Nov 2023: The Report Ceramic Matrix Composites Market Size, Share & Trends Analysis Report By Product (Oxide, Silicon Carbide, Carbon), By Application (Aerospace, Defense, Energy & Power, Electrical & Electronics), By Region, And Segment Forecasts, 2023 – 2030

The global ceramic matrix composites market size is expected to reach USD 8.94 billion by 2030, registering a CAGR of 12.8% during the forecast period, according to a new report by Grand View Research Inc. Increasing demand for ceramic matrix composites is being driven by their superior properties, such as high-temperature stability, reduced weight, and high strength.

Ceramic matrix composites have evoked keen interest from the aerospace and automotive sectors, owing to their superior mechanical properties, high strength-to-weight ratio, and vast application scope. Increasing fuel prices have triggered the need for lightweight components to boost fuel efficiency. The majority of automobiles today run on conventional fuel, so fuel-efficient products are in high demand. However, applications for CMCs are restricted due to their high prices. CMCs are mainly used in aerospace, automotive, and electronic or thermal management applications. CMC users come from industries such as Boeing, Airbus S.A.S., NASA, GE Global Research, etc.

Market players focus on expanding their product portfolio and implementing faster product delivery strategies to gain a competitive advantage in various regional markets. The industry’s rivalry is expected to be moderate with major players adopting strategies such as new product developments, acquisitions, partnerships, and joint ventures.

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Ceramic Matrix Composites Market Report Highlights

• Oxides product segment accounted for a market share of 31.1% in 2022, owing to its properties such as high-temperature stability in addition to reduced weight and high strength
• The aerospace application segment dominated the market in 2022 and is estimated to generate revenue of USD 3.76 billion by 2030, owing to lightweight and rigid materials for various applications, where material weight plays a crucial role in the performance
• The market in the Asia-Pacific is anticipated to expand at a CAGR of 13.4% from 2023 to 2030 on account of rising energy demands and the developing aerospace industry
• The U.S. market is forecast to boom during the forecast period and reach a value of USD 3.65 billion in 2030. The growth is attributed to the rising investments by companies in developing ceramic matrix components and collaborating with government agencies for upgrading defense systems

Ceramic Matrix Composites Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 3.82 billion
Revenue forecast in 2030	USD 8.94 billion
Growth rate	CAGR of 12.8% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players of Ceramic Matrix Composites Market

• 3M Company
• COI Ceramics, Inc.
• Coorstek, Inc.
• General Electric Company
• Kyocera Corporation
• Lancer Systems LP
• SGL Carbon Company
• Ultramet, Inc.
• Ube Industries, Ltd.

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3D Printing Plastics Market Focusing On The Basis Of Type, Form, End-Use, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 20 Nov 2023: The Report 3D Printing Plastics Market Size, Share & Trends Analysis Report By Type (Photopolymers, ABS & ASA, Polyamide/Nylon, PLA), By Form (Filament, Ink, Powder), By End-use, By Region, And Segment Forecasts, 2023 – 2030

The global 3D printing plastics market size is expected to reach USD 5.4 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 24.0% from 2023 to 2030. The market is projected to witness substantial growth due to rising demand from various end-use industries such as medical, automotive, aerospace and defense, and consumer goods. Properties such as clarity in the image, high durability, high impact resistance, excellent UV and temperature resistant, sliding friction, high chemical resistance, rigidity, and dimensional stability are significantly fueling the demand for 3D printing plastics in the above-mentioned end-use industries across the globe. 

3D printed products assist significantly in attaining economies of scale through the consumption of lesser lead time, reduced costs, and mitigated risks. 3D plastics also allow easier customization as per the consumers’ needs. Thus, attracting favorable government regulations across various end-use industries such as automotive, medical, and consumer goods. Asia Pacific is anticipated to expand at a lucrative CAGR over the forecast period. The medical end-use segment in the region is expected to witness substantial growth over the forecast period on account of the increasing applications of 3D plastics in prototyping, custom orthodontic implants, prosthetics, medical instruments, and others. 

Moreover, the rising demand for high-quality medical instruments and components from hospitals in major economies, such as China, India, and Singapore, is anticipated to create lucrative opportunities in the medical industry. Furthermore, the recent outbreak of COVID-19 in countries such as India, China, Australia, Japan, and Malaysia is creating a high demand for 3D printing plastics, especially in face shields, 3D printed masks, and filter cover applications. Thus, the rising positive cases in the region are projected to significantly boost the market growth. 

The consumer goods segment is emerging as a significant end-use of 3D plastic products on account of the reduced lead time offered by additive manufacturing techniques. Innovative additive manufacturing solutions enable the production of designer parts with complex geometries. Thus, facilitating the manufacturers to cater to rising consumer needs for personalized parts. 

The photopolymers segment is anticipated to progress at a substantial rate over the forecast period. Massive demand for photopolymers is attributed to high consumption in the production of industrial prototypes through the utilization of SLA technology. Polyamide/nylon is anticipated to witness the fastest growth during the forecast period on account of the rising demand from both domestic as well as commercial applications. The demand for polyamide/nylon is majorly contributed by laser sintering technology.

Access Research Report of 3D Printing Plastics Market @ https://www.grandviewresearch.com/industry-analysis/3d-printing-plastics-market

3D Printing Plastics Market Report Highlights

• North America dominated the 3D printing plastics market and accounted for more than 40% share of the global revenue in 2022.
• Photopolymers type segment led the market and accounted for more than 58% share of the global revenue in 2022
• Photopolymers are used extensively across several application industries as they act as a binder, additive, colorant, plasticizer, and as a chemical agent in the 3D printed product
• In May 2019, Materialise collaborated with Essentium, HP, and Nikon to enhance connectivity and productivity in the manufacturing operations of additives. This collaboration was announced during the 3D printing and additive manufacturing event 2019 RAPID+TCT Conference and will help the adoption of 3D printed products in industrial manufacturers 

3D Printing Plastics Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 1.2 billion
Revenue forecast in 2030	USD 5.4 billion
Growth Rate	CAGR of 24.0% from 2023 to 2030
Base year for estimation	2022
Historical data	2019 – 2021
Forecast period	2023 – 2030

List of Key Players in 3D Printing Plastics Market

• 3D Systems Corporation
• Arkema Inc.
• Envisiontec Inc.
• Stratasys Ltd.
• SABIC
• Materialse nv
• HP INC.
• Eos GmbH Electro Optical Systems
• PolyOne Corporation
• Royal DSM N.V.

Access Press Release of 3D Printing Plastics Market @ https://www.grandviewresearch.com/press-release/global-3d-printing-plastics-market

Advanced Analytics Market Outlook On The Basis Of Type, Deployment, Enterprise Size, End Use, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 20 Nov 2023: The Report Advanced Analytics Market Size, Share & Trends Analysis Report By Type, By Deployment (On-premise, Cloud), By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2022 – 2030

The global advanced analytics market size is expected to reach USD 189.56 billion by 2030, expanding at a CAGR of 21.1% from 2022 to 2030, according to a new report published by Grand View Research, Inc. The market growth can be attributed to the increasing demand for advanced analytical solutions by companies across the retail, IT & telecom, and BFSI sectors, among others. These solutions help to process large volumes of data and determine fraudulent activities, thus ensuring data protection. For instance, IBM Cloud Pak for Security enables companies to identify hidden threats and make informed risk-based decisions.

Industries such as manufacturing, automotive, and pharmaceuticals are rapidly adopting artificial intelligence, machine learning, and big data to optimize their business processes. These technologies enable manufacturers to improve their production process, increase supply chain efficiency, and identify variables affecting the production quality, which bodes well for market growth. Moreover, as the demand for predictive solutions is growing, key players such as SAS Institute, Inc. and International Business Machines Corp. are introducing cutting-edge solutions that can be offered on cloud.

Advanced analytical solutions are emerging as an essential tool for predicting and forecasting trading patterns, electricity consumption patterns, and rush-hour traffic conditions. As such, many government agencies are making significant investments in these solutions. For instance, the Australian Institute of Health and Welfare uses predictive analysis to access large datasets, such as national hospitals’ databases. The agency uses a projection model to forecast Australian healthcare expenditure by combining various factors, such as population growth, the volume of service per treated case, and excess health price inflation.

Access Research Report of Advanced Analytics Market @ https://www.grandviewresearch.com/industry-analysis/advanced-analytics-market

Advanced Analytics Market Report Highlights

• The cloud segment accounted for the largest market share of over 50% in 2021 owing to increasing data connectivity through hybrid and multi-cloud environments and the growing trend of digitalization
• The big data analytics segment accounted for the largest market share of over 35% in 2021 owing to the growing adoption of IIoT and AI by various organizations to efficiently analyze information and make timely decisions
• The SMEs segment held a market share of over 35% in 2021 owing to funding provided by several governments to SMEs to encourage the adoption of advanced analytical solutions such as SaaS
• The IT & telecom segment accounted for over 20% market share in 2021 due to the increasing volume of data generated from mobile communication technologies, which is driving the demand for advanced solutions to predict and evaluate cell congestion
• Asia Pacific is likely to reach USD 45,494.9 million by 2030 owing to the high demand for predictive analysis and demand forecasting by the retail sector to deliver customized products and services, along with increasing fraud incidences in the BFSI industry

Advanced Analytics Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 40.88 billion
Revenue forecast in 2030	USD 189.56 billion
Growth rate	CAGR of 21.1% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 – 2020
Forecast period	2022 – 2030

List of Key Players in the Advanced Analytics Market

• Altair Engineering Inc.
• Fair Isaac Corporation (FICO)
• International Business Machines Corporation
• KNIME
• Microsoft Corporation
• Oracle Corporation
• RapidMiner, Inc.
• SAP SE
• SAS Institute Inc.
• Trianz

Access Press Release of Advanced Analytics Market @ https://www.grandviewresearch.com/press-release/global-advanced-analytics-market