Industries Study Report

Plastics Industry Size, Recent Development, Variables, Trends and Regional Scope

Plastics Industry Data Book - Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

Grand View Research’s plastics industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Plastics Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Plastic Resins Market Report Highlights

The global plastic resins market size was estimated at 349,628.9 kilotones in 2021, projected to grow at a compound annual growth rate (CAGR) of 3.2% from 2022 to 2030.

Crystalline resins (epoxy, polyethylene, and propylene) segment accounted for a prominent share in the market by the end of 2021 and is further expected to witness maximum growth over the forecast period
As of 2021, China accounted for the maximum revenue share in the market, with 33.0%. Rising consumer disposable income in the country and ascending demand for luxury cars are expected to have a positive impact on the automotive industry
The advent of bio-based plastic resins has played a prominent role in food and beverage, and pharmaceutical applications. Polymers such as PET and PC are increasingly utilized in the beverages packaging and consumer goods sector

Plastic Compounds Market Report Highlights

The global Plastic Compounds Market size was estimated at 27,896.6 kilotones in 2021, projected to grow at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030.

In terms of revenue, the automotive end-use segment accounted for the largest revenue share of the global market in 2020 and is expected to witness prominent growth over the forecast period
Asia Pacific was the dominant regional market in 2020 owing to the growing demand for automobiles in the region coupled with favorable FDI norms by various governments encouraging the adoption of Electric Vehicles (EVs)
Strategic partnerships, capacity expansions, and new product developments are popular strategies adopted by a majority of players operating in this market
For instance, in January 2021, Eurostar Engineering Plastics was acquired by Ascend Performance Materials, a Houston-based manufacturer of polyamide 66 resin
This acquisition helped both the companies to expand their compounding product market globally

Order your copy of Free Sample of “Plastics Industry Data Book - Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Recycled Plastics Market Report Highlights

The global Recycled Plastics Market size was estimated at 50,465.24 kilotones in 2021, projected to grow at a compound annual growth rate (CAGR) of 3.3% from 2022 to 2030.

The building & construction application segment is expected to witness the fastest CAGR over the forecast period, in terms of revenue
The segment growth is attributed to the rising demand for recycled plastics in composite lumber, roofing tiles, insulation, rocks, and fences
The electrical & electronics application segment accounted for the maximum revenue share in 2021
This is attributed to the high demand for lightweight, durable electronics and electrically well-insulated products for reduced heat loss and improved performance of the electronic components and products
Asia Pacific accounted for the largest revenue share in 2021. The market in China recycled is estimated to witness significant growth to reach a net worth of USD 17.3 billion by 2030

Go through the table of content of Plastics Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The global plastic molding companies face intense competition from each other as well as from the regional players who have strong distribution networks and good knowledge about suppliers & regulations.The companies in the market compete on the basis of product quality offered and the technology used for the production of plastics. Major players compete on the basis of application development capability and new technologies used in product formulation.

Key players operating in the Plastics industry are:

Evonik Industries
Sumitomo Chemical Co., Ltd.
Arkema
Celanese Corporation
Eastman Chemical Company
Chevron Phillips Chemical Co., LLC
Lotte Chemical Corporation
Exxon Mobil Corporation
Formosa Plastic Corporation
Covestro AG
Toray Industries, Inc.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Flavors & Fragrances Industry Type Estimates, Revenue Drivers and Restraint Analysis

Flavors & Fragrances Industry Data Book - Natural Flavors & Fragrances and Aroma Chemicals Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

Grand View Research’s flavors & fragrances industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Flavors & Fragrances Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Natural Flavors & Fragrances Market Report Highlights

The global Natural Flavors & Fragrances Market size was valued at USD 8,510.4 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2023 to 2030.

The essential oils segment is expected to witness the fastest growth rate from 2022 to 2030 owing to the increasing consumer preference for natural & organic products from various end-use industries like food & beverages and cosmetics
The extraction process segment will have the fastest CAGR from 2022 to 2030 since it ensures hydrolysis of water-sensitive compounds & ensures superior quality of products as it operates efficiently under higher temperatures and requires a shorter extraction time
The flavors application segment is expected to witness the fastest CAGR over the forecast period due to wide product usage in the global food & beverages industry
Asia Pacific is expected to witness the fastest growth rate of 6.8%, owing to large demand from countries such as India, and China which are considered pioneers and some of the largest exporters of some precious oils and extracts
The competition in the industry is high due to the presence of several large-scale manufacturers, such as BASF SE and MANE, which are engaged in the production of naturally-derived fragrances & flavors

Flavors & Fragrances Market size, by product, 2020 - 2030 (USD Billion)

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Aroma Chemicals Market Report Highlights

The global Aroma Chemicals Market size was valued at USD 15,639.1 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.3% from 2023 to 2030.

Natural source segment is estimated to witness a CAGR of 3.8% over the forecast period, due to a shift in trend for natural products, especially from the flavors industry
Flavors is projected to be the fastest growing segment over the forecast period due to the growing consumption of flavors across several end-use applications such as beverages, convenience food, bakery food, and dairy
The terpenes & terpenoids segment is anticipated to witness the fastest CAGR of 4.5% due to its natural availability as well as its anti-carcinogenic, antiseptic, and antimicrobial effects
Asia Pacific constituted a major revenue share in 2021 and is also anticipated to continue its dominance over the forecast period, due to high domestic consumption in countries such as India and China
MANE, Takasago International Corporation, and Robertet are among the prominent industry participants with a broad product portfolio and high segmental share. Key players holding less than 1% of the market share each are characterized as niche players which have limited regional operations or have low to medium aroma chemical product offerings

Go through the table of content of Flavors & Fragrances Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Though the COVID 19 pandemic led multiple chemical manufacturers to witness a decline in sale of their products, The flavors & fragrance sector was less affected by the same. The major players in the business, namely, Givaudan and Symrise, witnessed an increase in sales while the International Flavors & Fragrances saw a slight decline in the revenue.

Key players operating in the Flavors & Fragrances industry are:

Givaudan
Symrise AG
International Flavors & Fragrances Inc. (IFF)
Biolandes SAS
Young Living Essential Oils
dōTERRA International
Falcon Essential Oils
Flavex Naturextrakte GmbH
Universal Oleoresins
Synthite Industries Limited

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Data Preparation Industry Growth is propelled by Growing R&D Spending on the Development of Self-Driving Vehicles

Data Preparation Industry Data Book - Data Collection and Labelling, Data Labelling Solutions and Services & Data Integration Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Grand View Research’s data preparation industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Data Preparation Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Data Collection and Labelling Market Report Highlights

The global data collection and the labelling market size was valued at USD 1.67 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 25.1% from 2022 to 2030.

Automated image organization offered by cloud-based applications and telecom companies is one of the most popular uses of data gathering that has improved the user experience and draws the attention of customers toward this technology
Several benefits, such as better security and automation of identification, encourage the implementation of facial recognition at significant public spaces or events
The advent of large-scale cloud-hosted AI and machine learning platforms offered by tech giants has led to the implementation of data annotation with multiple functions, such as facial recognition, object recognition, and landmark detection
The growing integration of digital image processing and mobile computing platforms in various digital shopping and document verification applications is propelling the market growth

Data Collection and Labelling Market share, by data type, 2021 (%)

Data Labelling Solutions and Services Market Report Highlights

The global data labelling solution and services market size was valued at USD 8.69 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 21.0% from 2022 to 2030.

In terms of type, the image & video annotation segment is expected to contribute significant revenue to the market over the forecast period. This growth is attributed to the increasing implementation of computer vision in several industries, including healthcare, automotive, and media & entertainment
In terms of vertical, the automotive segment is expected to grow at the prominent CAGR over the forecast period owing to rising development of self-driving cars and trucks
Data Labelling Solutions and Services are widely accepted in the automotive industry, mainly for self-driving vehicles. An autonomous vehicle is equipped with various sensors and networking devices to help the computer operate the vehicle.

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Data Integration Market Report Highlights

The global data integration market size was valued at USD 10,534.0 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% from 2022 to 2030.

Some regions in North America have the most competitive and constantly changing and rising technological advancements in the data integration industry. The expanding number of data integration businesses globally is projected to support market expansion
Large enterprises are scaling their infrastructure to meet remote worker needs and unique demands. Enterprises also maintain infrastructural support for their services and goods
The cloud segment is anticipated to portray the highest growth rate in the forecast period. Organizations can store essential resources in the cloud and access various customizable data integration options
North America dominated the global market in 2021. However, Asia Pacific is projected to grow at the highest CAGR from 2022 to 2030

Go through the table of content of Data Preparation Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The market participants are implementing several organic and inorganic growth strategies, including new product launches, product modernizations, collaborations, corporate expansions, and acquisitions and mergers. For instance, in May 2022, Informatica Inc. announced a partnership with the Oracle enterprise connectivity and automation platform which offers modernized data, applications, APIs, and business processes. The collaboration aims to provide cloud data governance and integration solutions for data warehouses, enterprise analytics, and data science.

Key players operating in the Data Preparation industry are:

Alegion
Amazon Mechanical Turk, Inc.
Appen Limited
Clickworker GmbH
CloudFactory Limited
Cogito Tech LLC
Crowdworks, Inc.
Deep Systems, LLC
Denodo Technologies
Dobility, Inc.

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Pharmaceutical Packaging Industry Manufacturing Ranking and Heat-map Analysis Report by 2030

Pharmaceutical Packaging Industry Data Book - Plastic Pharmaceutical Packaging, Parenteral Containers, Primary Pharmaceutical Packaging and Pharmaceutical Contract Packaging Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Grand View Research’s pharmaceutical packaging industry databook is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Pharmaceutical Packaging Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Pharmaceutical Packaging Market Report Highlights

The economic value generated by the pharmaceutical packaging industry was estimated at approximately USD 117,007.3 million in 2021.

Asia Pacific accounted for the major share of the pharmaceutical packaging market in 2022. It is expected to grow at a more than CAGR of 13% over the forecast period. This growth is due to the rapidly expanding pharmaceutical market, particularly in China & India, and rising cases of various diseases, such as cancer and heart problems
In terms of material, the glass segment is projected to ascend at the highest CAGR of 10.3% over the forecast period. Strong chemical resistance to various medicinal products and the ability to withstand heating treatment during the sterilization process is expected to expand the penetration of glass packaging
The contract packing segment accounted for 36.7% of revenue share in 2022. Regulatory requirements associated with pharmaceuticals and their packaging are gradually becoming stringent, and contract packaging organizations are in a better place to address those changes. This factor is boosting the demand for contract packaging services
In April 2022, Amcor has launched new and more sustainable High Shield laminates to its pharmaceutical packaging portfolio. This is low carbon, recycle-ready, and moisture resistant packaging solution, thus end use companies’ recyclability agendas

Recycled Plastics Consumption share, by country, 2022 (%)

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Pharmaceutical Contract Packaging Market Report Highlights

The global Pharmaceutical Contract Packaging Market size was valued at USD 42,915.4 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.9% from 2022 to 2030.

By type, the primary packaging segment held the largest market share in 2019 owing to the increase in outsourcing of primary wrapping activities to CPOs
Bottles primary packaging segment held the largest market share of 29.7% in 2019 owing to the lack of internal wrapping capabilities
The glass segment held the largest segment in 2019 as it is suitable for most parenteral and non-parenteral preparations in the industry
Asia Pacific is expected to witness the fastest growth over the forecast period owing to the presence of a large number of contract service providers in the region

Go through the table of content of Pharmaceutical Packaging Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The global pharmaceutical packaging market is highly fragmented with the presence of large and medium-sized international companies as well as small-sized domestic players. The global market is steadily moving toward sustainable packaging owing to rising stringent regulations regarding the use of excessive plastic packaging coupled with growing sustainability awareness among consumers.

Key players operating in the Pharmaceutical Packaging industry are:

Amcor plc
Becton, Dickinson and Company
AptarGroup, Inc.,
Drug Plastics Group
Gerresheimer AG
Schott AG
Owens Illinois Inc.
SGD Pharma
West Pharmaceutical Services, Inc.
Berry Global Inc.

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Asset Management Software Industry Top Players are ABB Ltd, Aptean, and Pitney Bowes Inc.

Asset Management Software Industry Data Book - Asset Performance Management, Enterprise Asset Management, and Infrastructure Asset Management Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Grand View Research’s asset management software industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Asset Management Software Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Asset Performance Management Market Report Highlights

The global Asset Performance Management Market size was valued at USD 19.32 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 12.0% from 2023 to 2030.

The asset performance management market is gaining traction owing to the rapid industrial shift towards digitization of monitoring and maintenance activities. The companies are actively investing in digital solutions to manage their assets
The use of advanced processes and tools such as regression analysis, neural network analysis, Monte Carlo simulation, and so on in the APM systems is driving the growth of the predictive asset management segment
The public cloud segment is expected to register significant growth during the forecast period as it helps businesses in improving cost structures and setting up a control center to arrange, monitor, and coordinate various components of their businesses
The manufacturing industry segment held a significant share of the market owing to the presence of many small and large manufacturing plants across the globe
Asia Pacific is anticipated to register the highest growth rate during the forecast period owing to the increasing popularity of social media, growing investments by tech giants in establishing IT infrastructures in this region, and the rising preference for e-commerce and m-commerce, particularly in emerging economies such as India, Indonesia, and Thailand

Asset Management Software Market Trends Strategy by Participants

Enterprise Asset Management Market Report Highlights

The global Enterprise Asset Management Market size was valued at USD 5.74 Billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 16.9% from 2023 to 2030.

The cloud deployment segment is anticipated to emerge as the fastest-growing segment during the forecast period. The software-as-a-service (SaaS) based models provide numerous benefits over on-premise software
The small and medium enterprise size segment is anticipated to emerge as the fastest-growing segment from 2022 to 2030. SMEs have started shifting to modernized solutions and are investing in cloud-based EAM software. It requires low initial investment and allows users to go mobile and manage assets remotely, thereby providing employees more flexibility in their work
The government end-use segment is anticipated to emerge as the fastest-growing segment during the forecast period. The deployment of EAM software helps government organizations extend the life of most critical assets and increase accountability and transparency across the entire organization
APAC is estimated to be the fastest-growing region during the forecast period, offering lucrative growth opportunities for the industry players. Businesses in developing APAC economies such as India are focusing on globalization for developing a regional business environment, thereby creating traction in the regional EAM market

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Infrastructure Asset Management Market Report Highlights

The global Infrastructure Asset Management Market size was valued at USD 31.70 Billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.2% from 2023 to 2030.

North American is expected to witness significant growth over the forecast period owing to the growing need to increase asset utilization while reducing operational costs
Vendors are focusing on establishing tie-ups with software development firms for developing infrastructure asset management solutions, hence companies that provide IAM services are facilitated by international water association
IAM solutions are becoming popular among municipalities as they combine features such as a systematic and combined, approach for managements of varied infrastructure in sectors such as energy, water, and waste
Transportation infrastructure segment has captured a large percentage of market share owing to the huge investments for the development of transportation infrastructure
City authorities across the globe are stressing on creating sustainable living standards by investing in the development of infrastructure asset management systems for energy and water infrastructure

Go through the table of content of Asset Management Software Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Asset Management Software industry are:

AVEVA Group plc
Aspen Technology, Inc.
ABB Ltd
Aptean
Pitney Bowes Inc.
CGI, Inc.
IFS AB
WSP Global Inc.
RPS Group Plc.
Brookfield Asset Management Inc.

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Patient Monitoring Devices Industry Product Segment Analysis Report by 2030

Patient Monitoring Devices Industry Data Book - Remote Patient Monitoring, Vital Sign Monitoring Devices, Blood Pressure Monitoring Devices and Multiparameter Patient Monitoring System Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The patient monitoring devices industry databook compiled by Grand View Research is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Patient Monitoring Devices Industry Data Book, 2022 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Remote Patient Monitoring Devices Market Report Highlights

The global Remote Patient Monitoring Devices Market size was valued at USD 4.4 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 18.5% from 2023 to 2030.

The cardiac rhythm monitor segment is expected to witness a significant CAGR over the forecast period owing to the increasing incidence of cardiac conditions globally
The home healthcare segment is projected to witness a CAGR of 22.0% over the forecast period owing to a rise in the number of patients accessing remote monitoring due to the COVID-19 pandemic
In Asia Pacific, the market is expected to showcase high growth potential due to the presence of large unmet needs in emerging economies such as China and India
This region is also backed by Japan, which has one of the highest numbers of 65+ year-old adults at a global level

Vital Sign Monitoring Devices Market share by end-use, 2022 (%)

Vital Sign Monitoring Devices Market Report Highlights

The global Vital Sign Monitoring Devices Market size was valued at USD 9.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030.

By product, BP monitors held the largest market share in 2021 and are expected to grow at a lucrative CAGR from 2022 to 2030
The hospital end-use segment dominated the market in 2021 and is expected to continue its dominance throughout the forecast period owing to the high demand for advanced devices
North America dominated the global market in 2021. The presence of major market players and high adoption rates of advanced technologies are the key factors attributed to the segment growth
The industry is highly competitive. Various manufacturers are focusing on new product launches, technological innovations, collaborations, and regional expansion as major strategic initiatives

Order your copy of Free Sample of “Patient Monitoring Devices Industry Data Book - Remote Patient Monitoring, Vital Sign Monitoring Devices, Blood Pressure Monitoring Devices and Multiparameter Patient Monitoring System Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Blood Pressure Monitoring Devices Market Report Highlights

The global Blood Pressure Monitoring Devices Market size was valued at USD 3.8 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.6% from 2023 to 2030.

Based on the type of product, sphygmomanometer/aneroid BP monitors dominated the overall market in 2021 in terms of revenue share, owing to the increasing prevalence of high blood pressure cases worldwide
The digital BP monitors segment is expected to witness lucrative growth in the coming years owing to advantages associated with these devices such as ease of use, immediate results, and low cost. In addition, continuous improvement in these devices is expected to present this market with further growth opportunities
The home healthcare segment is expected to witness lucrative growth owing to various government initiatives to promote home healthcare
In 2021, North America was the key regional market in terms of revenue share. Key factors attributing to its large share include the presence of advanced healthcare infrastructure and the increasing prevalence of lifestyle-associated diseases with a high risk of hypertension

Multiparameter Patient Monitoring System Market size (USD Million), 2022 & 2030, & Market Attributes

Multiparameter Patient Monitoring System Market Report Highlights

The global Multiparameter Patient Monitoring System Market size was valued at USD 10.5 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030.

Portable was the largest device type segment in 2022 accounting for 66.2% due to growing home healthcare and easy mobility across different departments within the hospital
By acuity level, the high segment has accounted for the highest market share in 2022 due to the increasing prevalence of chronic diseases, such as CVDs, respiratory disorders, and other critical medical conditions, which need continuous monitoring
By age group, the geriatric segment accounted for the largest segment in 2022 with a share of 53.9% 2021 due to the rapidly growing geriatric population that is susceptible to various chronic disorders, which require continuous patient monitoring
By end-use, the hospital's segment has accounted for the highest market share in 2022 due to the increasing number of patients being admitted to hospitals due to chronic diseases, injuries, and other emergencies
North American region contributed the largest share to the market in the year 2022 attributing to the availability of technologically advanced equipment and high-quality healthcare system

Go through the table of content of Patient Monitoring Devices Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Patient Monitoring Devices industry are:

Honeywell
American Telecare
Roche
Philips Healthcare
Bosch
Biotronik
Koninklijke Philips N.V.
GE Healthcare
Medtronic
Masimo Corporation

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MRI Scanners & Accessories Industry Porter's Five Forces Analysis and Technology Landscape

Magnetic Resonance Imaging Scanners and Accessories Industry Data Book - Magnetic Resonance Imaging, MRI Coils & Motion Tracking Systems Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Grand View Research’s Magnetic Resonance Imaging scanners and accessories industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Magnetic Resonance Imaging Scanners and Accessories Industry Data Book, 2022 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Magnetic Resonance Imaging Market Report Highlights

The global Magnetic Resonance Imaging Market size was valued at USD 5.26 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030.

The adoption of advanced imaging technologies is augmenting the growth of the MRI market
The open system is anticipated to be the fastest-growing segment during the forecast period due to its efficiency to accommodate all sizes of patients without feeling claustrophobic
MRI for neurological and brain disorders dominated the market largely due to the growing number of neurological conditions and increasing demand for the less invasive diagnostic procedure
The high-field MRI segment is expected to experience the fastest growth largely due to its efficiency to provide detailed images for diagnosis
Imaging centers are expected to exhibit the highest growth rate during the forecast period. Government initiatives to improve primary care is one of the major factors impacting the segment growth
In 2022, North America dominated the global space with the largest revenue share owing to continuous research and high adoption of advanced techniques in the region
Asia Pacific is anticipated to grow at the fastest growth rate largely due to the growing number of clinical studies in the region for high-field MRI machines

Magnetic Resonance Imaging Market Key Segments and Trends (2020 - 2030)

MRI Coils Market Report Highlights

The global MRI Coils Market size was valued at USD 7.99 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030.

Based on type, radiofrequency coil segments accounted for the largest market share of 59.5% in 2022. It is also anticipated to grow at the fastest CAGR of 8.9 % over the forecast period.
Based on application, the neurology segment accounted for the largest market share of 22.6% in 2022 and the segment is also expected to witness the fastest CAGR of 8.9%.
Based on end-use, the hospital segment accounted for the highest revenue share and the ambulatory care center segment is expected to grow with the fastest CAGR of 9.1%.

Order your copy of Free Sample of “Magnetic Resonance Imaging Scanners and Accessories Industry Data Book - Magnetic Resonance Imaging, MRI Coils & Motion Tracking Systems Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

MRI Motion Tracking Systems Market Report Highlights

The global MRI Motion Tracking Systems Market size was valued at USD 2.76 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 20.8% from 2023 to 2030.

Optical Tracking Systems like cameras are largely adopted by MRI manufacturers due to their increased efficacy and image capture accuracy
The marker systems segment is expected to grow at a lucrative CAGR in the global market during the forecast period
The North America region dominated with a revenue share of 58.38% in 2021 and is expected to grow at a CAGR of over 20% from 2022 to 2030

Go through the table of content of Magnetic Resonance Imaging Scanners and Accessories Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The high price is one of the most impeding factors for the sales of these systems. The major players are focusing on minimizing the prices for medium-strength MRI systems using various methods. Technological advancements in manufacturing and the high influx of these systems in the market is expected to bring the prices down in the upcoming years.

Key players operating in the Magnetic Resonance Imaging Scanners and Accessories industry are:

GE Healthcare
Siemens Healthineers
Toshiba Corporation
Aurora Imaging Technologies, Inc.
Koninklijke Philips N.V.
Esaote SPA
Sanrad Medical Systems Pvt ltd
Fujifilm
MR Instruments, Inc.

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Spectrometry Industry is driven by Increasing R&D Spending by Pharmaceutical Industry

The global spectrometry industry size will witness robust growth on the back of growing applications across drug development procedures, forensic analysis and proteomics, according to the "Spectrometry Industry Data Book, 2023 - 2030," published by Grand View Research. Forward-looking players have upped investments in molecular spectrometry in pharmaceutical and biotechnology in the wake of innovation in infrared (IR) spectroscopy. Stakeholders have exhibited an increased inclination for IR spectroscopy to identify adulterated food and volatile compounds. The advanced method will continue to gain ground in art preservation, forensics and assessing the protein folding process.

Equipment manufacturers have injected funds into mass spectrometry (MS) in the drug development pipeline, applied testing, clinical diagnostics and food products. Lately, Gas chromatography-mass spectrometry (GC-MS) has emerged as a gold standard for monitoring doping in athletes. GC-MS offers quick results, higher sensitivity and improved sample identification. The technique has observed an upward trajectory in the food & beverage industry to detect food contamination and assess aromatic compounds, including alcohol, esters and fatty acids. Predominantly, MS has become sought-after in R&D activities for faster and more accurate quantification and identification of molecules. The global mass spectrometry market size stood at USD 5.83 billion in 2021 and is slated to exhibit a CAGR of 7.87% from 2022 to 2030.

Order your copy of the Free Sample of "Spectrometry Industry Data Book - Spectrometry, Mass Spectrometry, NMR Spectroscopy, Near-Infrared Spectroscopy and In-line UV-vis Spectroscopy Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030" Data Book, published by Grand View Research

An uptick in biomedical research has fueled the penetration of nuclear magnetic resonance (NMR) spectroscopy across business verticals. For instance, NMR testing has gained ground in detecting 'food fraud' such as tampering, addition or substitution. Biotechnology specialists have shown an inclination for NMR spectroscopy to assess substances, confirm the identity and purity of compounds and find the chemical structure. Amid a surge in food adulteration, the technology is expected to provide an impetus to industry dynamics. The global NMR spectroscopy market size was valued at USD 657.11 million in 2021 and will depict a 5.1% CAGR through 2030. Notable applications across imaging, structural biology and material science will underscore growth.

Mega-trends and opportunities that are expected to be pronounced in the ensuing period are highlighted below:

Near-infrared spectroscopy will observe promising growth due to strong demand from the agriculture sector.
Paint and coating manufacturers have upped investments in In-line UV-vis spectroscopy to measure the manufactured substance robustly without interruptions and delays.
The North America market is poised to witness strong investments on the back of technological advancements, presence of well-established players and investments in R&D activities.

Go through the table of content of Spectrometry Industry Data Book to get a better understanding of the Coverage & Scope of the study

Investors, venture capitalists and other stakeholders expect the industry for spectrometry in Asia Pacific to rise in prominence with a buoyant infusion of funds into food testing, drug discovery, clinical diagnostics and life science research. The expanding healthcare industry across India and China presents a lucrative growth potential to undergird their geographical footprint. Moreover, strengthening environmental regulations will solidify the position of key players. To illustrate, in April 2023, Shimadzu Diagnostics Corporation alluded to joining forces with MiCAN to develop infectious disease test reagents used in liquid chromatograph mass spectrometers and PCR testing systems.

The competitive intensity surrounding the market suggests that R&D efforts, innovations, geographical expansion, technological developments, collaboration and mergers & acquisitions could reshape the global dynamics. Biopharma and academia are poised to play a pivotal role in life science, auguring well for the marketplace. For instance, in November 2021, Thermo Fisher Scientific rolled out mass spectrometry and chromatography solutions to underpin biopharmaceutical characterization, proteomics and data acquisition. Meanwhile, in February 2022, Agilent announced the acquisition of Virtual Control's AI technology. It will help the former to integrate the software into GC/MS platforms to enhance the efficiency, productivity and accuracy of high-throughput labs.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Customer Relationship Management Industry Top Players are Microsoft Corporation and Oracle Corporation

Customer Relationship Management Industry Data Book - Customer Experience Management, Customer Self-service Software, Digital Experience Platform, Sales force Automation Software, Sales Training Software, Marketing Automation Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Grand View Research’s customer relationship management industry databook is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Customer Relationship Management Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Customer Experience Management Market Report Highlights

The global Customer Experience Management Market size was valued at USD 10.65 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 15.4% from 2023 to 2030.

The speech analytics segment is about to witness a significant CAGR of 17.0% during the forecast period. Through the calls, they assist enterprises in identifying areas of trends, opportunities, and concerns. Speech analytics tools in contact centers help improve agent performance, monitor compliance, streamline business processes, improve first-call resolution, and improve customer experience.
The mobile touchpoint segment is anticipated to expand at a CAGR of 17.2% over the forecast period. The segment's expansion can be attributed to the increased use of smartphones, which enables businesses to develop mobile marketing strategies. Furthermore, mobile CEM solutions enable mobile carriers to participate in the development of long-term customer relationships through customer-initiated requests.
The cloud segment is anticipated to expand at a CAGR of 17.5% over the forecast period. The cloud deployment model enables enterprises to purchase only the features, added applications, or an updated version of the software based on the pay-as-you-go subscription model. Owing to these benefits, large enterprises are gradually investing in CEM software and collaborating with technology providers for digital transformation.
The BFSI segment is anticipated to register the highest CAGR of 16.7% over the forecast period. The segment growth can be attributed to the increasing adoption of cloud-based deployment models and investments in advanced technologies to offer digital finance management assistance.
Asia Pacific is expected to register the highest CAGR of 17.1% over the forecast period. With a significant presence of call centers, an increasing trend of social media marketing, and a growing emphasis on customer satisfaction across industries and sectors, the regional market is expected to grow.

Customer Relationship Management Market Trends Strategy by Participants

Digital Experience Platform Market Report Highlights

The global Digital Experience Platform Market size was valued at USD 11.17 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.7% from 2023 to 2030.

The platform segment is expected to witness a considerable growth of CAGR at 12.9% over the forecast period. Advances in technology are particularly allowing organizations to modernize their internal operations, cut down paper costs, reduce errors, easily onboard new employees, and drive better communication between departments. Better utilization of data with the help of AI and ML is also allowing organizations to deliver exceptional customer experiences more effectively
The cloud segment is expected to witness a considerable CAGR at 15.3% over the forecast period, owing to the ease in deployment, relatively lower investments in physical infrastructure, and hassle-free integration associated with cloud deployment
The business-to-consumer segment is expected to witness a considerable CAGR at 14.2% over the forecast period, owing to the rising interest in content personalization to offer an enhanced customer engagement experience
The IT & telecom segment is expected to witness a considerable CAGR of 13.6% over the forecast period. With continued digitalization and the growing use of connected devices, the adoption of digital experience platforms by IT & telecom companies is expected to gain traction over the forecast period
The Asia Pacific regional market is anticipated to grow at a significant CAGR and reach USD 7,804.8 million by 2030. The growth of the Asia Pacific DXP market can be attributed to the rising penetration of mobile devices such as smartphones & tablets, growing public & private investments in the IT industry, and a considerable increase in per capita incomes

Order your copy of Free Sample of “Customer Relationship Management Industry Data Book - Customer Experience Management, Customer Self-service Software, Digital Experience Platform, Sales force Automation Software, Sales Training Software, Marketing Automation Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Sales Training Software Market Report Highlights

The global Sales Training Software Market size was valued at USD 2.14 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.3% from 2023 to 2030.

The cloud-based segment is expected to grow significantly from 2022 to 2030. Various companies are focusing on migrating their sales training software to a cloud platform to reduce maintenance costs and increase the revenue stream
For instance, in April 2022, RAIN GROUP, a sales training company, collaborated with ValueCore, a cloud-based ROI platform company, to enable sales & marketing companies to represent entrancing value propositions to their customers
The SME segment is expected to observe a rapid CAGR during the forecast period as SMEs are adopting sales training software to train their marketing & sales representatives to improve their brand identity worldwide in a minimum time
The IT & telecom segment is anticipated to experience notable growth during the forecast period as the IT & telecom companies are focusing on increasing the customer retention rate through effective marketing & sales strategy
Asia Pacific is expected to register the fastest CAGR from 2022 to 2030 due to the increasing focus of end-use firms on sales training and enablement platforms to convert maximum leads into customers and stay competitive in their respective industries

Go through the table of content of Customer Relationship Management Industry Data Book to get a better understanding of the Coverage & Scope of the study

Key players operating in the Customer Relationship Management industry are:

Advanced Cell Technology Inc.
STEMCELL Technologies Inc.
Cellular Engineering Technologies Inc.
CellGenix GmbH
PromoCell GmbH
Kite Pharma
Lonza
Cellartis AB
Angel Biotechnology
Brainstorm Cell Therapeutics

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Stem Cells Industry Demand is Accelerated by Rising Funds for Accelerating Stem Cell Research

Stem Cells Industry Data Book - Human Embryonic Stem Cells, Induced Pluripotent Stem Cells Production, Mesenchymal Stem Cells and Cancer Stem Cells Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Grand View Research’s Stem Cells Industry databook is a collection of market sizing & forecasts insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, and macro-environmental analysis studies. Within the purview of the databook, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research. The following data points will be included in the final product offering in five reports and one sector report overview.

Access the Global Stem Cells Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Induced Pluripotent Stem Cells Production Market Report Highlights

The global Induced Pluripotent Stem Cells Production Market size was valued at USD 1.36 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030.

By process, the manual iPSCs production process held the highest market share in 2021. The multiple stages involved during the manufacturing process and key companies providing the expertise for induced pluripotent stem cell production attributes to the growth
By workflow, in 2021, the cell culture was the highest revenue-generating segment. As cell culture is a pivotal step in the production process and the associated costs during numerous steps drive the market growth of this segment
By product, the consumables & kits segment held the largest market in 2021. The continuous use of these iPSCs products during various applications such as toxicology testing is propelling the segment’s growth
By application, drug development and discovery dominated the induced pluripotent stem cells production marketspace in 2021. The prevalence of chronic diseases is driving the increase in innovative drug platforms for development & discovery by utilizing iPSCs as diseased models
By end-user, the biotechnology and pharmaceutical companies generated the highest revenue in the marketplace during 2021. The rising number of strategic initiatives, new product launches, and robust iPSCs product pipeline is attributing to the generation of revenue
North America region contributes to the largest share in 2021 for iPSCs production marketplace. The key factors driving the revenue growth are the developed healthcare infrastructure, the prevalence of chronic diseases, the presence of strategic business models and funds by supportive government

Order your copy of Free Sample of “Stem Cells Industry Data Book - Human Embryonic Stem Cells, Induced Pluripotent Stem Cells Production, Mesenchymal Stem Cells and Cancer Stem Cells Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Mesenchymal Stem Cells Market Report Highlights

The global Mesenchymal Stem Cells Market size was valued at USD 3.02 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.4% from 2023 to 2030.

The products segment dominated the segment and accounted for the largest revenue share of 78.8% in 2022. Among the products, the cells and cell lines segment has emerged as a key contributor to the segment’s revenue
Based on workflow type, the culture and cryopreservation segment dominated the industry with revenue share of 44.5% in 2022. The segment growth is attributed to the high demand for cryopreservation services and enhancement of healthcare infrastructure in developing economies
The allogenic MSCs segment accounted for the higher revenue share of 56.6% in 2022. This is attributed to the high safety profile of allogeneic mesenchymal stem cells in clinical applications
The bone marrow segment dominated the market and accounted for the largest revenue share of 24.52% in 2022. Bone marrow is a major source of isolation for mesenchymal cells
The disease modelling application segment dominated the application and accounted for the largest revenue share of 35.1% in 2022. The use of cellular disease models with patient specific MSCs provides an ideal tool for pathological research
North America dominated the market and accounted for the largest revenue share of 44.28% in 2022. The higher revenue share of the region is accounted to supportive government legislation and rising application of cell therapies in chronic disorders

Go through the table of content of Stem Cells Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Competitive rivalry in the stem cell industry is high due to the presence of a large number of both well-established players and small- to mid-sized companies as well as CROs in the market space. Some of the major players are STEMCELL Technologies Inc., Advanced Cell Technology Inc., Cellular Engineering Technologies Inc., CellGenix GmbH, Angel Biotechnology, PromoCell GmbH, Kite Pharma, Lonza, Cellartis AB, Celgene Corporation, Brainstorm Cell Therapeutics, Osiris Therapeutics, Genea Biocells, Waisman Biomanufacturing, Bioheart Inc., Tigenix, Caladrius Biosciences, Gamida Cell, and many more.

Key players operating in the Stem Cells industry are:

Advanced Cell Technology Inc.
STEMCELL Technologies Inc.
Cellular Engineering Technologies Inc.
CellGenix GmbH
PromoCell GmbH
Kite Pharma
Lonza
Cellartis AB
Angel Biotechnology
Brainstorm Cell Therapeutics

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Machine Learning Industry revenue is driven by Introduction of New Hardware for Deep Learning Applications

Machine Learning Industry Data Book - Machine Learning, Deep Learning, and Natural Language Processing Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

Grand View Research’s Machine Learning Industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Machine Learning Industry Data Book, 2022 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Machine Learning Market Report Highlights

The global Machine Learning Market size was valued at USD 25.58 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 35.6% from 2022 to 2030.

The emergence of connected AI is anticipated to make it possible for ML algorithms to learn based on newly available information continuously. These developments are expected to propel the market expansion in the upcoming years. As these technologies continue to advance and mature, they are expected to have a transformative impact on various industries, shaping the way businesses operate, make decisions, and deliver value to customers
The advertising & media segment dominated the market with a revenue share of 20.0% in 2022. The advertising and media sector accounted for the largest share in 2022 owing to capabilities such as buyer’s optimization, data processing, and analysis provided by the technology
Factors such as advancements in computing power, increased data generation, and the need for automated decision-making drive the demand for machine learning solutions across various industries
The Asia Pacific region is expected to grow at the fastest CAGR of 43.5% from 2023 to 2030. The region's large population, diverse industries, and growing investment in technological infrastructure all contribute to market growth

Global Deep Learning Market Company Market Positioning

Deep Learning Market Report Highlights

The global Deep Learning Market size was valued at USD 34.83 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 34.3% from 2022 to 2030.

The hardware segment is expected to witness the fastest growth over the forecast period owing to the growing demand for deep learning chipsets and reduced hardware costs
The Field Programmable Gate Array (FPGA) possesses high computational capability and has better power efficiency. As a result, the FPGA segment is expected to expand at the highest CAGR during the forecast period
Deep learning algorithms exhibit great potential in the automated extraction of complex data, thereby excelling in big data analytics application
Deep learning holds the potential to revolutionize the healthcare industry in the coming years by applying neural networks to analyze patient datasets to provide better outcomes
Several government initiatives related to digitalization and the growing adoption of next-generation technologies such as AI and machine learning in the APAC region exhibited the strong growth of deep learning technology

Order your copy of Free Sample of “Machine Learning Industry Data Book - Machine Learning, Deep Learning, and Natural Language Processing Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Natural Language Processing Market Report Highlights

The global Natural Language Processing Market size was valued at USD 18.51 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 41.3% from 2022 to 2030.

The healthcare segment appeared as the largest segment in the terms of revenue share throughout the forecast period. However, the IT & Telecommunication segment is projected to expand with the highest growth rate
Data extraction emerged as the largest segment in 2022 and is projected to generate revenue of over USD 77.00 billion by 2030
Asia Pacific is projected to witness the highest CAGR of 42.7% and is estimated to reach USD 115.24 billion by 2030. The NLP market is projected to expand with rising demand for better customer experiences, growing smart device usage, and expanding application options

Go through the table of content of Machine Learning Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The market participants are implementing several organic and inorganic growth strategies, including new product launches, product modernizations, collaborations, corporate expansions, and acquisitions and mergers. Further, the companies are also focusing on developing new products and services with enhanced capabilities.

Key players operating in the Machine Learning industry are:

Advanced Micro Devices, Inc.
Amazon Web Services, Inc.
Apple Inc.
ARM Ltd
Atomwise Inc.
Baidu Inc.
Clarifai Inc.
Enlitic Inc.
Google LLC
Hewlett Packard Enterprise Development LP

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Paints and Coatings Industry Value Addition and Profit Margin Analysis Report by 2030

The global paints and coatings industry size stood at USD 48.16 million tons in 2022 and will exhibit a CAGR of 3.2% from 2023 to 2030, according to the "Paints and Coatings Industry Data Book, 2023 - 2030," published by Grand View Research. Favorable policies to minimize VOC, along with surging demand from oil & gas, construction and automotive industries, will reinforce the market growth. Producers have emphasized improving corrosion resistance, gloss retention and limiting emissions of hazardous air pollutants (HAPs) amidst soaring raw material and solvent costs.

Paints & Coatings Market Volume, by product, 2020 - 2030 (Million Tons)

An uptick in the construction industry has seen architectural coating grow in stature across advanced and emerging marketplaces. Lately, commercial, residential and institutional buildings have sought water- and solvent-based architectural coating to underscore their environmental profiles. Moreover, the do-it-yourself (DIY) trend could encourage consumers to protect, preserve and enhance the interiors and exteriors of buildings.

Order your copy of the Free Sample of "Paints and Coatings Industry Data Book - Powder Coatings, Waterborne Coatings, Solvent-borne Coatings and High Solids/Radiation Curing Coatings Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030" Data Book, published by Grand View Research

Powder coating technology has gained ground with the rising penetration of the automobile, construction and furniture markets. Predominantly, the emergence of electric vehicles from Tesla, Audi, GM, Hyundai, Toyota and Nissan, among others, has strengthened the position of powder makers. EV original equipment manufacturers (OEMs) seeking sustainability (zero-emission coatings and coatings having no-to-low VOC) are likely to inject funds into the landscape. The global powder coatings market generated USD 8.52 million tons in 2022 and will exhibit a 3.9% CAGR during the forecast period. The growth outlook is partly due to the demand for sustainable solutions and the prevention of corrosion across business verticals.

Forward-looking companies have upped focus on waterborne paints and coatings on the back of rigorous environmental regulations. The low level of VOC, durability, and performance have made these paints sought-after among manufacturers. Some of the upsides, such as better color retention, higher temperature resistance, tremendous adhesion, low odor and less flammability, have made water-based formulations favorable for paints and coatings. The waterborne paints and coatings market size was valued at USD 18.92 million tons in 2022 and could depict a CAGR of 3.4% through 2030.

Go through the table of content of Paints & Coatings Industry Data Book to get a better understanding of the Coverage & Scope of the study

Trends and opportunities that are likely to steer the industry growth are delineated below:

Smart paint and antimicrobial coating are poised to be the next big things following the technological advancements in touchscreens and gesture commands. The latter gained ground on the back of the COVID-19 pandemic, compelling manufacturers to invest in technology to help negate lethal microbes.
Stakeholders expect solvent-borne coatings to be sought-after in the industrial and architectural sectors for better functionality and reduced drying time. Besides, physical properties, including viscosity, boiling point, conductivity and surface tension, have augured growth for solvent coating.
The Asia Pacific market will witness notable growth against the backdrop of the flourishing construction industry across China and India. In addition, automotive paints and coatings have observed bullish demand, prompting industry leaders to expand their regional penetration.

The U.S. and Canada are poised to provide opportunities galore with industrial paints and coatings gaining ground across oil & gas, construction, automotive, aerospace, mining, marine, electronics and home appliances applications. For instance, marine coatings are sought-after on Navy ships to enhance anti-fouling and anti-corrosive properties. The paints and coatings industry in North America has emerged as a happy hunting ground to enhance aesthetic appeal, performance enhancement and durability. Of late, technology-powered paints & coatings have become more sustainable and resilient, suggesting their indispensable role in North America's infrastructural developments.

The competitive landscape indicates incumbent players could inject funds into organic and inorganic strategies, including innovation, research & developments, product offerings, technological advancements, partnerships, mergers & acquisitions and geographical expansion. To illustrate, in April 2022, Akzo Nobel completed the acquisition of Grupo Orbis to bolster its footprint in the Latin America market. In August 2022, PPG announced pouring USD 11 million to increase the powder coating capacity by two-fold in Mexico.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.