Waste Management Market Segmented On The Basis Of Service Type, Waste Type, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 31 Aug 2023: The Report Waste Management Market Size, Share & Trends Analysis Report By Service Type (Collection, Transportation, Disposal), By Waste Type, By Region, And Segment Forecasts, 2023 – 2030

The global waste management market size is expected to reach USD 1,966.19 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.4% from 2023 to 2030. Proactive government measures to decrease illegal dumping and the rising adoption of waste-to-energy (WTE) incineration and recycling techniques are anticipated to boost the market growth.

Rapid industrialization in developing countries such as India and China generates waste and causes pollution by the end-use industries. Rising environmental awareness regarding renewable waste management among individuals and increasing CO2 emissions across the globe are expected to have a positive impact on the market growth over the forecast period.

The adoption of plastics in packaging, consumer goods, transportation, electrical/electronic, and machinery manufacturing industries is witnessing significant growth. Rising demand for consumer electronics such as mobiles, which are typically composed of 40% plastic, PCs/laptops, washing machines, and dishwashers is expected to boost the market growth.

The demand for electronic products is rising rapidly globally, resulting in the increased generation of e-waste. The electronics companies are focusing on the usage of recycled material for production to limit the environmental degradation caused by e-waste. The rising demand for recycled materials from the electronics industry is expected to foster market growth.

The governments of various countries have introduced regulations regarding the effective disposal of wastes such as the landfill directive (1999/31/EC) standards for landfills announced by the European Union. The rising adoption of these regulations is expected to enhance sustainable waste management practices including recycling and anaerobic digestion, thereby fueling the market growth.

Companies are focusing on mergers and acquisitions to increase the consumer base and expand their geographical presence. For instance, in October 2020, Waste Management acquired Advanced Disposal Services, providing waste management services to around new 3 million residential, industrial, and commercial customers in the U.S.

Access Research Report of Waste Management Market @ https://www.grandviewresearch.com/industry-analysis/global-waste-management-market

Waste Management Market Report Highlights

• The disposal segment is estimated to expand at the highest CAGR of 5.9% over the forecast period as the sustainable methods of disposal reduce pollution and recycled materials can also be used in various end-use industries
• The industrial waste type segment accounted for the largest revenue share of over 85.9% in 2022 owing to the increasing generation of waste from several end-use industries such as oil & gas, chemical, construction, and electronics
• Asia Pacific led the industry and accounted for over 24.5% share in 2022 on account of the rising adoption of various waste management techniques for limiting the environmental degradation in the region
• India is estimated to expand at a lucrative CAGR of 7.2% from 2022 to 2030, in terms of revenue, on account of the rising awareness regarding health hazards and diseases caused by improper waste disposal in the country
• In May 2021, SUEZ entered into a partnership with Eramet, a key manufacturer in the extraction and valorization of metals, to offer a sustainable and high-performance battery recycling solution for the European market

Waste Management Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 1,355.82 billion
Revenue forecast in 2030	USD 1,966.19 billion
Growth Rate	CAGR of 5.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in Waste Management Market

• Waste Management
• Suez
• Valicor
• Veolia
• Waste Connections
• Republic Services
• Biffa
• Clean Harbors
• Covanta Holding
• Daiseki
• Hitachi Zosen
• Remondis Se & Co. Kg
• Urbaser
• Fcc Environment
• Biomedical Waste Solutions
• Stericycle

Access Press Release of Waste Management Market @ https://www.grandviewresearch.com/press-release/waste-management-market

Cosmetic Antioxidants Market Outlook On The Basis Of Type, Type By Product, Application, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 7 Aug 2023: The Report Cosmetic Antioxidants Market Size, Share & Trends Analysis Report By Type (Synthetic, Natural), Type By Product (Vitamins, BHA), By Application (Skin Care), By Region, And Segment Forecasts, 2023 – 2030

The global cosmetic antioxidants market size is expected to reach USD 209.63 million by 2030, registering a CAGR of 5.7% during the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the increasing consumption of cosmetic antioxidants in the cosmetic & personal care industry. Antioxidants protect the human skin from environmental effects. Thus, it is widely consumed in the production of cosmetic and personal care products. The rising utilization of cosmetic and personal care products is expected to drive demand for cosmetic antioxidants in near future.

Cosmetic antioxidants are the ingredients consumed while producing cosmetics to protect and improve human skin cells. It is utilized in a range of cosmetics products such as skin care, hair care, and makeup. It is a highly effective active agent which helps prevent oxidation on the skin. Oxidation leads to loss of skin texture, decrease in natural oils, lack of cleanliness, and discoloration of the skin. Cosmetic antioxidants help protect the skin from all external effects and slow down the aging process. The rising utilization of cosmetic products by the aging population is likely to trigger the demand for cosmetic antioxidants, globally.

The global cosmetic antioxidant market is likely to grow exponentially on account of its rising consumption of cosmetics and personal care products. Concerns like early aging are one of the major driving forces behind the growth of the market. The demand for skin care creams and moisturizers is rapidly increasing. In addition, the growing awareness regarding the consumption of cosmetic and personal care products along with a colossal increase in the geriatric population are some of the reasons that are propelling the growth of the cosmetic antioxidant market. Rapid growth in the population is expected to contribute to the growth of the cosmetic antioxidants market in the foreseeable future.

The outbreak of COVID-19 has been a challenging situation for the cosmetic industry due to the shutdown of more than 30.0% of the cosmetic industry across the globe. Supply chain disruption and international border restrictions amid the prolonged lockdown further deteriorated the market growth. The market reported a slight slump in revenue during the COVID-19 period. However, things started getting better in 2021 and the market witnessed positive growth in that year.

Access Research Report of Cosmetic Antioxidants Market @ https://www.grandviewresearch.com/industry-analysis/cosmetic-antioxidants-market-report

Cosmetic Antioxidants Market Report Highlights

• Skin care application witnessed the highest growth rate of 6.4% from 2022 to 2030 owing to the increasing aging population across the globe
• Natural type recorded the fastest growth rate of 6.2% from 2022 to 2030 on account of the rising awareness regarding the benefits of natural ingredients over synthetic ingredients
• Tert-Butyl Hydroquinone (TBHQ) from synthetic and vitamins from natural type witnessed the highest growth rate of 5.9% and 6.8% respectively from 2022 to 2030. The growth is driven by the rising use of TBHQ in a range of cosmetic products and the rich skin oxidation properties of vitamins
• Asia Pacific is anticipated to witness the fastest growth rate of 6.2% from 2022 to 2030 during the forecast period, on account of the rapid increase in the population

Cosmetic Antioxidants Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 141.26 million
Revenue forecast in 2030	USD 209.63 million
Growth rate	CAGR of 5.7% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Cosmetic Antioxidants Market

• BASF SE
• Wacker Chemie AG
• Evonik Industries AG
• Kemin Industries, Inc.
• Barentz International BV
• Eastman Chemical Company
• Ashland Global Holdings
• BTSA Biotecnologias Aplicadas S.L.,
• Koninklijke DSM N.V.
• SEPPIC

Access Press Release of Cosmetic Antioxidants Market @ https://www.grandviewresearch.com/press-release/global-cosmetic-antioxidants-market

Cellulose Bioplastic Market Segmented On The Basis Of Application, Product, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 27 July 2023: The Report Cellulose Bioplastic Market Size, Share & Trends Analysis Report By Application (Packaging, Agriculture, Consumer Goods, Textile, Automotive & Transportation, Building & Construction, Others), By Product, By Region, And Segment Forecasts, 2022 – 2030

The global cellulose bioplastic market size is expected to reach USD 1,536.7 million by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 19.5% over the forecast period.

Cellulose bioplastic is a type of plastic that is made from cellulose esters (nitrocellulose, and cellulose acetate) or cellulose derivatives. Cellulosic plastics are produced using coniferous trees as the main raw material. The bark of the tree is separated and can be used as an energy source in production. The separation of cellulose fibers comes from the tree where they are cooked or heated in a digester. The growing demand for packaging is expected to drive significant market growth during the forecast period.

The growing demand for cellulosic bioplastics is associated with the production of mobile phones, ophthalmic products, thermoplastic products, sheets, and toys, among others. Strict rules governing the use of conventional plastic materials owing to environmental concerns and the resulting damage are significant factors driving the need for more environmentally sustainable materials across sectors and applications. The introduction of various bans on the use of conventional plastics has led to an increase in demand for cellulosic bioplastics and other plastics made from renewable raw materials. cellulosic bioplastics are also biodegradable, which is another driving factor in their preference and their adoption.

The global cellulose bioplastic market is highly competitive and fragmented in nature, with the presence of various key players such as Celanese Corporation, Solvay, Daicel Chemical Industries, Mitsubishi Rayon Company Limited, Eastman Chemical Company as well as a few medium and small-scale regional players operating across the globe.

The market is undergoing a transformation of the value chain from a linear economy to a circular one. Major market players are shifting towards a circular economy in order to have more sustainable solutions and minimize their dependence on crude oil in the future. In recent years, this trend has increased the demand for renewable raw materials such as softwood trees and tree bark for the production of plastics.

Growing concerns about petrochemical toxicity issues, along with the depletion of crude oil reserves, have spurred the development of cellulose-based plastics. Factors including stringent environmental norms such as EN 14995, EN 13432, and EN 17033; growing environmental concerns among consumers; The growing interest of market key players in the production of cellulose bioplastics is expected to be a key growth driver during the forecast period.

Access Research Report of Cellulose Bioplastic Market @ https://www.grandviewresearch.com/industry-analysis/cellulose-bioplastic-market-report

Cellulose Bioplastic Market Report Highlights

• Cellulose Acetate dominate type segment with a share of more than 65% in 2021 and is expected to maintain a healthy growth rate over the forecast period because it is widely produced and readily available. The rapid usage of cellulose acetate in the packaging sector is due to the properties of cellulose acetate made films such as, tearing quickly, are sturdy and puncture-resistant, making them perfect for food packing, hence it can help to drive the cellulose bioplastic market across the globe
• The packaging application led the market with a revenue share of more than 62% in 2021. Increasing utilization of cellulose bioplastics to produce bags for compost, agricultural foils, horticultural products, nursery products, toys, and textiles is the key factor responsible for the segment growth
• Europe dominate the regional segment for the cellulose bioplastic market in 2021 with a revenue share of more than 44%. The European market for cellulosic bioplastics is expected to experience significant growth in the coming years due to various factors such as the presence of stringent environmental laws, growing consumer concern for the environment, and increased investment in research and development in the cellulosic bioplastics sector by private and public organizations
• Stringent regulations pertaining to single-use plastic ban across regions including Europe, North America, and Asia, are expected to fuel the growth of cellulose bioplastics market
• The growing demand for consumer goods along with rising environmental concerns is expected to drive the demand for cellulose bioplastics in the automotive &transportation application segment 

Cellulose Bioplastic Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 370.6 million
Revenue forecast in 2030	USD 1,536.7 million
Growth rate	CAGR of 19.5% from 2022 to 2030
Base year for estimation	2021
Historical data	2019 – 2020
Forecast period	2022 – 2030

List of Key Players of Cellulose Bioplastic Market

• Celanese Corporation
• Solvay
• Daicel Chemical Industries
• Mitsubishi Rayon Company Limited
• Eastman Chemical Company
• SK Chemicals Co. Ltd.
• Rayonier Advanced Materials
• Sappi
• Merck Millipore
• Haihang Industry

Access Press Release of Cellulose Bioplastic Market @ https://www.grandviewresearch.com/press-release/global-cellulose-bioplastic-market

Automotive Glass Market Trends Analysis Report By Product, Application, End Use, Vehicle Type, Region And Forecast To 2027 : Grand View Research Inc.

San Francisco, 10 May 2023: The Report Automotive Glass Market Size, Share & Trends Analysis Report By Product (Laminated, Tempered), By Application (Windscreen, Sunroof), By End Use, By Vehicle Type, By Region, And Segment Forecasts, 2020 – 2027

The global automotive glass market size is anticipated to reach USD 43.1 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 4.5% over the forecast period. Growing emphasis on electric vehicles and new norms such as BS VI in India which would bring Indian motor vehicle regulations into alignment with European Union regulations are anticipated to drive the automotive glass production across the forecast period.

Despite the decline in automotive production in 2018 and 2019, the market is expected to witness growth on account of the rise in production of commercial vehicles and increasing product demand from the aftermarket. The increasing number of vehicles on the road, along with growing accidents, drives the need for repair, maintenance, and replacement, which would subsequently drive the demand for glass.

Innovation and technological advancements are the key factors driving the market growth. Various technological advancements are being witnessed in the applications of automotive glass. For instance, new features were introduced in windshields and sunroofs for luxury cars in 2019. Growing demand for smart glass technology is likely to drive the product utilization in windshields over the forecast period.

Increasing demand for commercial transportation services such as buses and taxicabs are anticipated to boost the demand for light commercial vehicles (LCVs). In addition, rapid urbanization, improved road infrastructure, and supportive regulatory policies are expected to boost the demand for LCVs, thereby resulting in market growth.

Tempered dominated the product segment in 2019. Rapidly growing commercial vehicle production in Asia Pacific is expected to drive the demand for tempered glass over the forecast period. Moreover, about 30,000 people are killed by road accidents every year in America. This has led to an increased focus on the development of vehicles with high safety levels, thereby driving the market growth.

Growing urbanization, increased spending capacity of consumers, and the development of the automotive sector in countries including Brazil and Argentina are anticipated to positively affect the market over the coming years. In addition, increasing electric vehicle production owing to supportive government policies is expected to drive market growth.

Access Research Report of Automotive Glass Market @ https://www.grandviewresearch.com/industry-analysis/automotive-glass-market

Automotive Glass Market Report Highlights

• The laminated segment accounted for a significant share of 36.2% in 2019 in terms of volume. This is attributed to advantages such as safety features and its ability to block harmful UV rays
• Sunroof is expected to register the highest CAGR over the forecast period as a result of growing penetration of sunroof systems in affordable cars
• The OEM segment accounted for a share of about 80.0% in 2019 owing to the growing demand for commercial vehicles and automotive glass market.
• Europe is expected to register a CAGR of 4.6% over the forecast period on account of new plants and increasing prices in the region. For instance, in July 2018, BMW announced its plans to invest USD 1.71 billion (€1.5 billion) in a new car factory in Hungary
• AGC Inc.; Saint-Gobain; Fuyao Glass Industry Group Co., Ltd.; NSG Group, Limited (NSG); and Corning Incorporated are some of the prominent manufacturers worldwide. These companies supply glass directly to vehicle manufacturers.

Access Press Release of Automotive Glass Market @ https://www.grandviewresearch.com/press-release/global-automotive-glass-market

Plastic Processing Machinery Market Segment Analysis By Product, Region And Forecast Till 2025 : Grand View Research Inc.

San Francisco, 20 April 2023: The Report Plastic Processing Machinery Market Size, Share & Trends Analysis Report By Product (Injection Molding Machine (IMM), Extrusion Machine, Blow Molding Machine (BMM), By Region, And Segment Forecasts, 2020 – 2025

The global plastic processing machinery market size is expected to reach USD 43.7 billion by 2025, according to a new report by Grand View Research, Inc. The shift in trend towards mechanized packaging for increased efficiency and output is expected to drive demand. 

Plastics exhibit superior properties such as flexibility, light-weight, low density, improved barrier resistance, durability, insulation, energy-saving, enhanced weathering, and aesthetic appeal (a multitude of colors and metalized finishes). These factors have widened the application scope of processing machinery.

Advancements in molding technology have led to the development of complex components such as joints, structural components, brake components, housing units, fuel tanks, suspensions, and engine frames.

The introduction of favorable policies by the governments in emerging economies, including China and India, to encourage foreign direct investment and facilitate closer integration with other economies is expected to propel demand. Major automotive OEMs are increasingly incorporating plastic parts and components to reduce gross vehicle weight and subsequently improve performance and fuel efficiency.

Stringent regulations regarding depletion and recyclability of conventional materials like metal and wood are anticipated to drive greater plastics demand from the construction industry in insulation, pipes, cables, floorings, windows, and storage tanks among others.

Access Research Report of Plastic Processing Machinery Market @ https://www.grandviewresearch.com/industry-analysis/plastic-processing-machinery-market

Plastic Processing Machinery Market Highlights

• The global plastic processing machinery demand exceeded 2,700 thousand units in 2016 and is expected to grow at a CAGR of 5.7% from 2017 to 2025
• Extrusion technologies are used for converting the materials from solid to liquid and then reconstitute the same to a finished product. This technology has gained tremendous popularity owing to low cost, better flexibility, and post-extrusion manipulations
• Asia Pacific is expected to dominate the regional segment with an estimated CAGR of around 7.4% in terms of volume from 2017 to 2025
• The plastic processing machinery market has witnessed various improvements in the major technologies including injection molding, blow molding, and extrusion.
• Some of the recent developments in the injection molding method include dual-shot injection molding, mono-sandwich, water injection technique (WIT), and gas injection technique (GIT) among others.
• Major participants include The Japan Steel Works, Ltd. (JSW), Arburg, Husky Injection Molding Systems, Sumitomo Heavy Industries, Ltd., Persimmon Technologies Corporation, Milacron Holdings Corporation, and Haitian International Holdings Limited and Chen Hsong Holdings Limited
• Chen Hsong Group announced plans of venturing into a highly lucrative Indian plastics industry. In India, the company has announced to open a new facility to assemble processing machines using parts made in the company’s China facilities 

Access Press Release of Plastic Processing Machinery Market @ https://www.grandviewresearch.com/press-release/global-plastic-processing-machinery-market

Needle Coke Market Outlook On The Basis Of Grade, Application, Region And Forecast From 2018 to 2025: Grand View Research Inc.

San Francisco, 13 April 2023: The Report Needle Coke Market Size, Share & Trends Analysis Report By Grade (Super-Premium, Premium, Intermediate), By Application (Electrode, Silicon Metals, Carbon Black), By Region, And Segment Forecasts, 2019 – 2025

The global needle coke market size is projected to reach USD 5.4 billion by 2025, accelerating at a CAGR of 6.9% over the forecast period, according to a new report by Grand View Research, Inc. Surging demand for needle coke in the manufacturing of lithium-ion battery is a key factor driving the industry growth.

Needle coke is a primary element used in the manufacturing of graphite electrodes. The utilization of graphite in batteries has expanded at a robust pace over the past few years. It is the second heaviest component in lithium-ion batteries. These batteries require up to 10 to 20 times more graphite than lithium. Growth of steel industry along with increasing demand from lithium-ion batteries in electric vehicles is likely to remain a key driving factor for market growth in this region.

Rapid increase in demand for lithium-ion batteries from the automotive industry is expected to fuel the growth of needle coke industry. In addition, rising focus on the reduction of automobile weight to improve fuel efficiency and reduce carbon emissions is anticipated to drive the industry growth further. Graphite helps in providing substantial weight reduction and enhances the efficiency of batteries.

ConocoPhillips, Asbury, Sumitomo Chemical Company, and Seadrift Coke are the major players in the market for needle coke. These companies have a strong customer base, differential product offerings, and a robust distribution network across the globe. The threat of new entrants in the market is low due to high initial investments required for setting up manufacturing units and stringent government regulations.

Access Research Report of Needle Coke Market @ https://www.grandviewresearch.com/industry-analysis/needle-coke-market

Further key findings from the report suggest:

• Premium-grade segment is expected to grow at a CAGR of 6.9%, in terms of revenue, from 2019 to 2025 owing to the rising installation of ultra-high power electrical arc furnaces (EAF) and growing requirement for graphite electrodes in steel industry
• Electrode was the dominant application segment in 2018 with over 64.0% of the volume share
• Asia Pacific was the major market for needle coke and accounted for 63.7% of the overall volume in 2018
• Asbury Carbons Inc.; JXTG Nippon Oil & Energy Corp.; China National Petroleum Corp.; Baosteel Group; Indian Oil Corporation Limited; Hongte Chemical Industry (Group) Co. Ltd.; Sojitz JECT Corp.; and Seadrift Coke L.P. are some of the key companies in the needle coke market
• In December 2018, Mitsubishi Chemical Corporation announced plans to increase the production capacity at its Yokkaichi Plant. The plant produces electrodes that are used in lithium-ion batteries.

Access Press Release of Needle Coke Market @ https://www.grandviewresearch.com/press-release/global-needle-coke-market

Polybutylene Succinate Market Segmented On The Basis Of Type, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 23 March 2023: The Report Polybutylene Succinate Market Size, Share & Trends Analysis Report By Type (Bio-based, Petro-based), By Application (Mulch Films, Packaging, Medicine), By Region, And Segment Forecasts, 2022 – 2030

The global polybutylene succinate market size is expected to reach USD 1.39 billion by 2030, as per the new report by Grand View Research, Inc. The Polybutylene Succinate (PBS) market is anticipated to expand at a CAGR of 19.7% from 2022 to 2030. The growth is majorly driven by the rising demand for biodegradable polymers throughout the world. Increasing demand for the product in the production of electrical and electronic components is anticipated to fuel market growth in the coming years.

The packaging application emerged as a dominant segment on the account of the growing utilization of the product in the food & beverage and pharmaceutical industries. Technological advancements and continuous R&D in the field of packaging for PBS are benefiting its demand. Furthermore, the growing demand for smart packaging and bio-based products among consumers across regions is expected to boost industry growth.

Asia Pacific is the dominant region in the polybutylene succinate market on the account of the strong presence of key product manufacturers across the region especially in China, India, and Japan. China is among the prominent producer and consumers of interior automotive products. PBS is used in combination with natural fibers in the manufacturing process of automotive parts. Moreover, a shift in the preference from conventional petroleum-based polymers to bio-based polymers is likely to positively impact the industry growth during the forecast period.

The market is a niche and has the presence of very few players. Key strategies adopted by the manufacturers include technological advancements, mergers, acquisitions, and extensive R&D to gain a competitive edge in the market space. A majority of the companies have an integrated value chain to incur maximum profit at a minimum investment. Manufacturers are also focusing on capacity expansions, signing partnership agreements with distributors, and various other operational strategies for the expansion of consumer reach.

Access Research Report of Polybutylene Succinate Market @ https://www.grandviewresearch.com/industry-analysis/polybutylene-succinate-market-report

Polybutylene Succinate Market Report Highlights

• Bio-based type is the fastest growing segment with a CAGR of 24.2% based on the changing consumer preference for bio-based polymers across different end-use industries
• Mulch film application is the fastest growing segment with a CAGR of 20.9% owing to the growing penetration of films in the agricultural industry for the improvement of agricultural yield and help in lowering soil pollution and climate change
• Europe is the fastest-growing region with a CAGR of 20.7% because of the growing demand from the automotive industry for the production of automotive interior products. The strong presence of automotive manufacturers such as Volkswagen, BMW, Robert Bosch, Renault, and Volvo across the region benefits the industry growth
• Due to the coronavirus (COVID-19) outbreak, most countries across the world witnessed a disruption in the operations of numerous end-use industries including agriculture and packaging which hampered the market growth
• The global manufacturers of polybutylene succinate such as PTT MCC Biochem Co., Ltd., Anhui Sealong Biotechnology Co., Ltd., and Shandong LanDian Biological Technology Co., LTD. are investing heavily in R&D activities for the production of technologically advanced products

List of Key Players in the Polybutylene Succinate Market

• PTT MCC Biochem Co., Ltd.
• Anhui Sealong Biotechnology Co., Ltd.
• Vizag Chemicals
• Shandong Fuwin New Material Co., Ltd.
• Shandong LanDian Biological Technology Co., LTD.
• Xinjiang Blue Ridge Tunhe Sci.&Tech. Co., Ltd.
• Shangdong Life Chemical Co., Ltd.

Access Press Release of Polybutylene Succinate Market @ https://www.grandviewresearch.com/press-release/global-polybutylene-succinate-market

Biopharma Plastics Market In-Depth Research On Basis Of Polymer Type, Application, Region And Forecast To 2028 : Grand View Research Inc.

San Francisco, 30 Dec 2022: The Report Biopharma Plastics Market Size, Share & Trends Analysis Report By Polymer Type (Polyvinyl Chloride, Polyethylene), By Application (Syringes, Containers), By Region, And Segment Forecasts, 2022 – 2030

The global biopharma plastics market size is expected to reach USD 11.29 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.2% from 2022 to 2030. The growing awareness about lightweight materials used in the healthcare industry in various applications such as containers, valves, and clamps is expected to drive the demand for silicones. Superior characteristics of the biopharma plastic polymers make them highly compatible with rubber, adhesives, metals, and coatings, thus increasing their preference over other products. Increasing production of biopharma plastic products is the key factor behind the growth of this market.

The revision of the regulatory framework associated with the biopharma industry is expected to increase the safety, efficacy, and performance standards of biopharma plastic-based medical products. As a result, the demand for superior-quality biopharma plastics is expected to grow in Europe in the coming years. The market in the region is highly regulated, with stringent norms enforced for the production of biopharma plastics by the World Health Organization.

The growing demand for biopharma plastics to manufacture various medical equipment, such as drug delivery systems, beakers, test tubes, and containers for laboratory ware, IV, and dialysis fluid is expected to positively impact the growth of the market over the forecast period. The growing biopharma/medical industry coupled with the increasing demand for a hygienic and clean environment at healthcare facilities is expected to have a positive impact on the market growth over the forecast period.

The high demand for advanced healthcare services owing to the availability of well-developed healthcare infrastructure, increasing incidences of cardiovascular diseases, and rising aging population are anticipated to drive the demand for biopharma medical devices, which, in turn, is expected to drive polyethylene terephthalate demand in biopharma applications.

Access Research Report of Biopharma Plastics Market @ https://www.grandviewresearch.com/industry-analysis/biopharma-plastics-market-report

Biopharma Plastics Market Report Highlights

• In terms of revenue, the polyvinyl chloride polymer type segment accounted for a prominent share in 2021 and is expected to witness prominent growth over the forecast period
• The syringes application segment dominated the market and accounted for more than 20.0% share of the overall revenue in 2021. The increased demand for advanced healthcare services owing to surging incidences of cardiovascular diseases, orthopedic disorders, and endovascular diseases and expanding geriatric global population base is anticipated to drive the consumption of syringes in the market
• As of 2021, Asia Pacific accounted for the largest share of more than 30.0% in terms of revenue. The presence of a well-established manufacturing base and increased healthcare expenditure in China, Japan, and India are anticipated to provide further impetus to the regional market growth
• Major players are continuously working on developing their production plants owing to the increased usage of biopharma plastics in the healthcare industry. For instance, in April 2022, Iktos and Teijin Limited co-developed a new technology for small molecule drug discovery. Under this agreement, Iktos and Teijin Pharma will collaborate to develop new AI technology with the goal of enhancing and speeding up the drug design process

List of Key Players of Biopharma Plastics Market

• BASF SE
• LyondellBasell Industries Holdings B.V.
• SABIC
• LG Chem
• Toray Industries, Inc.
• Solvay
• Dow, Inc.
• DuPont de Nemours, Inc.
• Saint-Gobain Performance Plastics
• Tekni-Plex
• Chevron Phillips Chemical Co., LLC
• Exxon Mobil Corporation
• Formosa Plastics Corporation
• Covestro AG
• TEIJIN LIMITED
• Mitsui & Co. Plastics Ltd.
• INEOS Group
• CHIMEI

Access Press Release of Biopharma Plastics Market @ https://www.grandviewresearch.com/press-release/global-biopharma-plastics-market

Hydraulic Fluids Market Outlook On The Basis Of Base Oil, End-Use, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 27 Sep 2022: The Report Hydraulic Fluids Market Size, Share & Trends Analysis Report By Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), By End-use (Construction, Oil & Gas, Agriculture, Metal & Mining), By Region, And Segment Forecasts, 2022 – 2030

The global hydraulic fluids market size is anticipated to reach USD 12.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.2% from 2022 to 2030. In recent years, industrialization has been on a rise, particularly in emerging economies such as India, China, and Brazil, among others. The share of the manufacturing industry in the GDP is increasing significantly for these countries. Various policies by governments all over the world are being targeted toward the growth of industrial sectors.

The digital revolution, combined with artificial intelligence, has opened numerous new opportunities for fluid power. It will take time to turn into high-power electromechanical solutions. The industry must leverage the inherent capabilities of fluid power technology and expand its reach through technological advancements. In terms of energy efficiency, fluid power technology has huge potential. The focus will soon shift to the development of high-speed switching valves, high-efficiency hydraulic fluids, and more efficient pumps and motors. In 2020, the market was severely affected by the global pandemic. Prices were dropped due to the lack of demand for lubricants and oils from end-user industries such as construction, automotive, marine, and aerospace, among others.

In recent years, a huge fluctuation in the prices of base oil and hydraulic fluids has been experienced by the industries. In 2021, the prices of the market skyrocketed owing to the sudden demand for the product after the revival of the end-user industries. In 2022, the Russia-Ukraine war has resulted in the further increase of the base oil and hydraulic fluids prices.

Access Research Report of Hydraulic Fluids Market @ https://www.grandviewresearch.com/industry-analysis/hydraulic-fluids-market-report

Hydraulic Fluids Market Report Highlights

• The mineral oil segment led the market and accounted for 48.9% of the global revenue share in 2021. Mineral-based oils are the most often utilized hydraulic fluids. They are easily accessible and cost-effective. The only significant downside of petroleum-based hydraulic oils is that they are flammable. Mineral-based hydraulic oils are made from fractions of crude oil. They are also polished to the point where they have suitable lubricating properties
• The synthetic oil segment is expected to witness a CAGR of 5.9% over the forecast period in terms of revenue. Synthetic oil can combat varnish and sludge buildup, which are common in high-pressure, high-temperature industrial situations
• The aerospace and defense segment accounted for 8.9% of the global revenue share in 2021. The hydraulic system is a vital aspect of any aircraft. Consumer’s increasing preference for air travel and rising demand for cargo flights is expected to drive to hydraulic systems market. In addition, increasing usage of airplanes and helicopters in the defense and commercial sectors is driving the demand for aircraft hydraulic systems which in turn is expected to increase the demand in the sector
• In June 2020, Gulf Western Oil (GWO) launched SUPERDRAULIC hydraulic fluid products. The high viscosity index products are suitable for harsh conditions and high-temperature applications. The company claimed to have 6,000+ oil hour life for the product
• In February 2022, South Korea’s hydraulic brake fluid exports were USD 791 thousand, while imports totaled USD 618 thousand, creating a USD 173 thousand positive trade balance. Hydraulic brake fluid was predominantly exported to the U.S., India, China, Mexico, and Slovakia and mostly imported from Germany, U.S., Switzerland, Singapore, and the Netherlands

List of Key Players in the Hydraulic Fluids Market

• Shell plc
• Exxon Mobil Corporation
• Chevron Corporation
• BP p.l.c.
• TotalEnergies
• PetroChina Company Limited
• China Petrochemical Corporation (SINOPEC)
• FUCHS
• Valvoline
• NYCO
• Idemitsu Kosan Co., Ltd.
• Dow
• Eastman Chemical Company
• LUKOIL
• Gazprommeft – Lubricants Ltd.

Access Press Release of Hydraulic Fluids Market @ https://www.grandviewresearch.com/press-release/global-hydraulic-fluids-market

Thermoform Packaging Market Expected To Witness A Substantial Growth Of USD 64.21 Billion By 2028: Grand View Research Inc.

San Francisco, 6 Dec 2021: The Report Thermoform Packaging Market Size, Share & Trends Analysis Report By Material (PET, PE, PP), By Product Type (Containers, Clamshell), By End-use Industry (Pharmaceuticals, Food & Beverage), By Region, And Segment Forecasts, 2021 – 2028

The global thermoform packaging market size is expected to reach USD 64.21 billion by 2028 registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. High adoption of products, such as blisters & clamshell packaging, containers, and trays & lids, by the end-user industries including food & beverages, electronics, pharmaceuticals, and personal care & cosmetics, coupled with increased penetration of organized and e-retail, have been driving the market from the past several years.

In thermoforming, the thermoplastic sheet is heated up to its pliable temperature and then placed over a mold until it cools and takes shape of the mold. A thin-gauge sheet, which is usually less than 0.060 inches, is mainly used to produce rigid disposable products, such as trays, bowls, containers, plates, and others. Thermoforming plastic molding process offers several advantages over injection molding including lower tooling cost, less wastage of material, and less per-unit cost for short-run production, owing to which the end-use industries, primarily food & beverages, mainly prefer thermoformed packaging products.

The packaged food industry, wherein thermoformed trays, containers, and tubs are widely used for the packaging of meat, fruits, eggs, and ready meals, is rapidly expanding across the world. Increasing urbanization and penetration of retail networks coupled with changing lifestyles are majorly contributing to the growth of the global packaged food industry, and thereby augmenting the product demand. Moreover, the rising micro-family structure, which creates demand for single-serve packaging, is expected to favor the growth of the market.

Global electronic manufacturers are mainly focusing on the development of compact devices, as they are easy to carry, which, in turn, is expected to benefit the usage of products such as trays and containers. However, electronics and food manufacturers are gradually shifting towards sustainable products, such as molded pulp trays. This increasing availability of alternative solutions coupled with the growing awareness regarding sustainability among consumers is likely to limit the market growth over the forecast period.

Due to their effectiveness, thermoformed blisters are widely utilized for the packaging of pharmaceutical solid oral dose products, such as capsules and tablets. These benefits of blisters along with their low cost and ease of usage are attracting North American pharmaceutical companies to switch from the traditional bottle packaging for solid oral doses, thereby supporting market growth. Moreover, the rising prevalence of chronic diseases coupled with the growing aging population has been driving the global pharmaceutical industry, which in turn, is expected to increase the product application scope in the pharmaceutical industry.

Asia Pacific is estimated to be the largest as well as the fastest-growing regional market from 2021 to 2028. This growth is credited to the rapid penetration of organized and e-retail sectors coupled with increased spending on processed food and consumer products, which drive the product demand in the regional market. Market participants across the globe compete on the basis of product differentiation and services offered. Pactiv LLC emerged as the market leader in 2020 on account of its wide-scale product offerings, especially for food & beverage applications.

Access Research Report of Thermoform Packaging Market @ https://www.grandviewresearch.com/industry-analysis/thermoform-packaging-market

Thermoform Packaging Market Report Highlights

• The food & beverage end-user industry segment led the global market accounting for the largest revenue share of over 51% in 2020
• The segment will grow further at a steady CAGR from 2021 to 2028 owing to the rising adoption of thermoformed trays, containers, and blisters by packaged food manufacturers and meat processors
• The pharmaceutical end-user industry segment accounted for a significant revenue share in 2020 and is estimated to expand further at the fastest CAGR from 2021 to 2028
• This growth can be attributed to the extensive incorporation of thermoform blisters by the pharmaceutical companies for the unit dose packaging
• The containers product segment accounted for the highest revenue share of over 26% in 2020 owing to high product adoption in the packaging of ready meals and processed food & beverages by the food processing companies
• PET led the material segment with a revenue share of 45.0% in 2020 and is expected to witness significant growth from 2021 to 2028
• Low cost, versatility in molding, transparency, and ease of recycling offered by PET materials are the few factors responsible for the segment growth

List of Key Players of Thermoform Packaging Market

• Amcor
• Sonoco Products Company
• Placon Corp.
• Display Pack, Inc.
• Pactiv LLC
• Dart Container Corp.
• Constantia
• Tray-Pak Corp.
• D&W Fine Pack
• Lacerta Group, Inc.
• RPC Group Plc
• Silgan Holdings, Inc.
• Sinclair & Rush, Inc.
• Rompa Group

Access Press Release of Thermoform Packaging Market @ https://www.grandviewresearch.com/press-release/global-thermoform-packaging-market