Industries Study Report

Key Considerations for Strategic Synthetic Fiber Procurement Supplier Analysis

Synthetic Fibers Category - Procurement Intelligence

The global Synthetic Fibers Category is anticipated to grow at a CAGR of 7.4% from 2023 to 2030. The majority of the global textile market is made up of synthetic fibers because of their affordability and functional qualities. In 2023, owing to its performance advantage over natural textiles, synthetic fibers currently account for more than 60% of all fiber usage globally. In contrast to materials like cotton, silk, or wool that are derived directly from plants or animals, synthetics are made wholly of chemicals. The most popular kinds are petroleum-based and include nylon, polyester, rayon, acrylic, and spandex. By material type, polyester is the most popular one and dominates the category accounting for 48 - 52% of the total fiber production in 2023.

With an increasing focus on sustainability, one of the major trends has been the use of sustainable colorant solutions and functional additives (for chemicals, dyes, spin-dyeing, and finishes) for coloring and modification of the category in focus. The rising demand for synthetic fibers over natural fibers can be primarily attributed to their wide availability, and cost-effective prices, along with a wider range of applications across industries. Furthermore, the increasing demand for the product in many consumer goods, accessories, and apparel is driving the growth of the category.

Order your copy of the Synthetic Fibers Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

The synthetic fibers category is fragmented. Textile manufacturers are increasingly engaging with regional players to gauge consumer behavior/preference patterns and capture a wider domestic market. Large companies such as Indorama, Mitsubishi, and Sinopec have integrated in-house manufacturing facilities that can produce the fibers from start to finish. Hence, the bargaining power of such specialized large-scale suppliers is moderately high. Regionally, there are numerous players based on different types of polymers which add to increased fragmentation and reduces the bargaining power to low.

The key cost components include raw materials, energy, equipment and technology, labor, facilities, and marketing. Other costs can include legal and tax, indirect or overheads, repairs and maintenance of plants or facilities, transportation, etc. Synthetic fibers production needs a significant amount of crude oil and energy. Acrylonitrile is the key raw material for producing acrylic fabric. The synthetic insulating material known as fleece is made of polyethene terephthalate. Polyamides are needed to make nylon. Similarly, olefin is another material composed of fibers of polypropylene and polyethene. Hence, raw materials form a crucial cost component and any fluctuations in the cost of raw materials will dramatically impact the total cost of production.

List of Key Suppliers in the Synthetic Fibers Category

Bombay Dyeing
DuPont de Nemours, Inc.
Indorama Corporation
Lenzing AG
Mitsubishi Chemical Corporation
Sinopec Shanghai Petrochemical Co., Ltd
Toray Chemical Korea Inc.
Teijin Limited
Reliance Industries Limited
Toyobo Co., Ltd

Synthetic Fibers Procurement Intelligence Report Scope

Synthetic Fibers Category Growth Rate: CAGR of 7.4% from 2023 to 2030

Pricing Growth Outlook: 10%-20% (Annually)

Pricing Models: Volume-based, contract-based, and competitive pricing model

Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

Supplier Selection Criteria: Production capacity, type of polymer, tensile strength, temperature resistance, moisture absorption, certifications, operational and functional capabilities, technology used, and others

Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Emerging Trends in the Business Software Industry: A Comprehensive Analysis

Business Software Industry Data Book - Event Management Software, ERP Software and Quality Management Software Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Business Software Industry was valued at USD 71.11 billion in 2022 and is anticipated to increase at a significant CAGR of 11.3% from 2023 to 2030.

Grand View Research’s business software industry database 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.

Event Management Software Market Insights

The global event management software market size was estimated at USD 6.96 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2023 to 2030. With the proliferation of technology, event management software has strong data-handling attributes. It enables event managers to gather and evaluate data on participant population demographics, opinions, and behavior. The data gathered can assist event organizers in making informed choices, enhancing future events, and customizing overall experience to the needs of participants. These factors are driving market growth. Event management has grown in importance globally as the range of worldwide conferences, exhibits, and cultural events has increased. Cultural variations, communication hurdles, and foreign logistics are all managed by event organizers.

Event planners and organizers are using gamification as a tool to engage attendees. Gamification of events allows organizers to enhance experience for attendees. Gamification works on tailoring benefits to attendees' sentiments to boost their confidence, create a relaxed atmosphere, generate a feeling of common purpose, and ensure easy & effective communication. Event organizers typically use innovative gamification methods, such as Question and Answer (Q&A) engagement, social media engagement, teamwork games, social programs, and networking games.

Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing many elements of event management. AI-powered chatbots and digital assistants can answer guest inquiries, offer event details, and provide customized suggestions. Automation technologies can help companies reduce time by automating email marketing, social media time management, and statistical entry tasks. Interactive event engagements are gradually being created using AR and VR technologies. AR can provide fun and interactive elements by adding digital content to physical event venue. Attendees can utilize VR to discover virtual settings while participating in virtual presentations, outings, or games.

Event Management Software Market Share, by region, 2022 (%)

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ERP Software Market Insights

The global ERP software market size was valued at USD 54.76 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 11.0% from 2023 to 2030. The growing need for operational efficiency and transparency in business processes, the increase in demand for data-driven decisions, and the rise in mobile and cloud applications adoption are key factors propelling the ERP software market growth. However, the growing availability of open-source applications and higher initial investment and maintenance costs are poised to restrain the market growth. An increase in demand for cloud-based ERP solutions, especially from small and medium-sized businesses, is further anticipated to offer numerous opportunities for stakeholders in this market.

ERP implementation in an organization can reduce inventory costs by 25% to 30% and raw material costs by around 15%. Also, it leads to increased profitability for a firm, thus boosting demand. ERP facilitates integration of various organizational processes and the smooth flow of cross-functional information, thus allowing better productivity and decision-making. Moreover, a rising number of SMEs in developing economies, especially China, India, and Brazil, is expected to boost product demand. In addition, penetration of IT technologies in these regions is expected to change consumer behavior, leading to increased adoption of ERP software instead of manual operations.

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

Business Software Industry Data Book Competitive Landscape

Companies are adopting various growth strategies, such as mergers & acquisitions, partnerships, and new product launches to maintain their position in the competitive market.

Key players operating in the Business Software Industry are:

Aventri Inc.
General Electric Co.
Honeywell International Inc.
International Business Machines Corporation
Microsoft Corporation

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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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Exploring the Latest Advancements in Diagnostic Imaging Technology

Diagnostic Imaging Industry Data Book - Computed Tomography, Magnetic Resonance Imaging, Nuclear Imaging, Ultrasound Device and X-ray Systems Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Diagnostic Imaging Industry was valued at USD 29.47 billion in 2022 and is anticipated to increase at a significant CAGR of 4.83% from 2023 to 2030.

Grand View Research’s diagnostic imaging 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.

Computed Tomography Market Insights

The global computed tomography market size was estimated at USD 4.29 billion in 2022 and is expected to grow at a CAGR of 7.43% from 2023 to 2030. Technological advancements in computed tomography (CT) technology, coupled with the growing prevalence of chronic disorders, such as cancer, orthopedics, and cardiovascular & neurological conditions, are expected to accelerate market growth. Furthermore, increasing awareness and focus on preventive healthcare measures have led to a surge in routine diagnostic procedures, contributing to the expanding market for computed tomography. The introduction of CT has been of great benefit to medical care. This technology improves diagnoses, prevents unnecessary medical procedures, improves treatment by providing detailed anatomical imaging, and is a cost-effective imaging technique.

It is an essential diagnostics tool, especially for scanning bone, soft tissue, and blood vessels all at the same time. Since CT imaging is quick and easy during emergency cases, internal injuries can be detected early enough to save lives. Thus, increasing demand for advanced assessment tools in the emergency department and growing number of ambulatory emergency care units are the factors expected to have a positive impact on market growth. Technological advancements, such as the integration of artificial intelligence (AI) and the development of accessories to enhance image quality obtained by conventional CT scanners are the major factors expected to fuel market growth. For instance, in May 2023, Royal Philips launched an AI-powered CT scanner, Philips CT 3500 aiming at the need of routine radiology and high-volume screening programs.

The system is being launched at China International Medical Equipment Fair (CMEF 2023) and Deutscher Röntgenkongress (ROKO 2023), Germany in May 2023. In addition, In May 2021, Siemens Healthineers launched Somatom X. need CT scanner. It is a high-speed, high-resolution CT scanner with an intelligent operation approach that makes procedures easier for medical staff and patients. Also, in September 2021, GE Healthcare introduced a new CT system, Revolution Ascend which uses AI to improve operational efficiency and patient comfort. R&D activities remain competitive & flexible in healthcare owing to gradually advancing technologies & an uncertain economic environment. Companies are focusing on basic research to late-stage manufacturing of computed tomography technologies, using R&D efforts to gain a competitive edge.

Order your copy of the Free Sample of “Diagnostic Imaging Industry Data Book - Computed Tomography, Magnetic Resonance Imaging, Nuclear Imaging, Ultrasound Device and X-ray Systems Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Magnetic Resonance Imaging Market Insights

The global magnetic resonance imaging market size was estimated at USD 5.25 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.81% over the forecast period. Magnetic resonance imaging (MRI) is a highly effective diagnostic tool for identifying conditions associated with spinal lesions, tumors, as well as strokes affecting blood vessels and the brain. The increasing prevalence of these diseases is expected to play an important role in the market growth. For instance, according to the National Center for Health Statistics, in 2023, almost 1,958,310 new cancer cases and 609,820 cancer deaths are estimated to occur in the U.S. In addition, the growing demand for quick and effective diagnostic procedures is expected to contribute to the adoption of MRI machines. Various countries are installing these machines.

Advancements in MRI machines to enhance their usage for various applications are expected to drive market growth during the forecast period. Various recent innovations, such as diffusion and diffusion tensor imaging with tractography, perfusion imaging, neuroimaging techniques including MR spectroscopy, and functional imaging employing the BOLD technique, are anticipated to significantly bolster magnetic resonance imaging market growth in the coming years. Furthermore, the increasing development of intraoperative MRI and its diverse applications in fields like neurosurgery are expected to drive market growth during the forecast period. In addition, diffusion-weighted MR imaging is primarily utilized for the rapid detection of strokes within 30 minutes of onset.

Therefore, ongoing advancements in MRI technology geared towards enhancing its utility across various applications are poised to be a driving force for market growth in the foreseeable future. Despite of various advantages associated with the MRI system, the costs incurred in buying and installing these machines are significant, which, in turn, is impacting the market growth, especially in the developing regions. The average cost of a low- to mid-strength machine is more than USD 1 million. In addition, the increasing requirement of depleting deposits of helium gas for cooling of MRI machines is resulting in increasing wait time and is reducing productivity. Delayed product approval and frequent product recalls, mainly due to stringent regulatory framework, are also majorly impacting the market growth.

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

Diagnostic Imaging Industry Data Book Competitive Landscape

Market leaders are constantly undertaking developmental initiatives such as acquisitions, partnerships, collaboration, and mergers to strengthen their market presence.

Key players operating in the Diagnostic Imaging Industry are:

FUJIFILM Corporation
Koning Corporation
Koninklijke Philips NV
NeuroLogica Corp
Neusoft Corporation

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Analyzing the Competitive Landscape of Blow Molding Plastic Packaging Procurement

Blow Molding Plastic Packaging Category - Procurement Intelligence

The Blow Molding Plastic Packaging Category is expected to grow at a CAGR of 4.7% from 2023 to 2030. The Asia Pacific region accounts for the largest share of the category. The increasing demand for packaging processes in the business is boosting growth. Companies are focusing on adopting various technologies for efficient and eco-friendly production by reducing the wastage of materials and enhancing productivity. For instance, in 2022, Amcor used big data analytics to identify a way to reduce the amount of plastic used in its bottles by 10%.

Within this category, companies are using Artificial Intelligence (AI), IoT, and big data as it helps to automate repetitive tasks and enables them to collect and analyze data that can be analyzed and shared in real-time to improve efficiency and productivity by reducing errors. For instance, in 2022, Bekum Maschinenfabrik GmbH announced that it was using AI to automate the loading and unloading of molds.

Order your copy of the Blow Molding Plastic Packaging Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Companies are continuously focusing on partnering or developing their own technology. For instance:

In 2022, PepsiCo announced that it would be using lighter-weight bottles for its Aquafina water brand. These bottles are made from 10% recycled content and are 15% lighter than the previous bottles. These are achieved through constant innovation in molding machines.
In 2022, Agr International introduced a new sensor that can measure the wall thickness of bottles in real-time, which can help to ensure that bottles meet the required specifications. This helps in reducing the defects during the blow mold process.
In May 2022, the U.S.-based plastic manufacturer - packaging company launched a new 32-cavity M3 micro molding machine which facilitates eight injection plunges that can be used for family mold applications. This helps them in producing a variety of items by utilizing the same machine in one cycle. The company has also the capability to produce miniature products which require complex designing and manufacturing.
Players are using features like high-cavitation molds, high-tonnage molding machines, and press-side automation to provide specialty packaging, including injection-molded lids and closures, stock extrusion blow-molded containers, and a wide variety of engineered custom products and assemblies to expel in the market. In 2021, the U.S.-based company Comar opened its largest facility to facilitate these features.
In 2021, the U.S.-based company Sealed Air announced to use 3D printing technology to create new blow-molded packaging for their food line products. Packaging designed using this technology is more sustainable and eco-friendlier than the traditional packaging method.

Category growth is expected to be fueled by the increasing packaging demand in varied industries. The utilization of blow-molding plastic packaging in the beverage industry is a key factor driving this trend. The rising demand is attributed to safety and precautionary measures to support health and hygienic factor. It reduces wastage by over 20% and also by increasing shelf life to protect nutritional values.

Blow Molding Plastic Packaging Sourcing Intelligence Highlights

The global blow molding plastic packaging category is fragmented, with numerous small and large players operating in different regions. The competition between players is intense as they strive to gain a wider customer base and improve customer experiences.
The suppliers of this category have high bargaining power since raw materials constitute about 60% of the product. There is a significant impact on the prices of the category if the supplier raises the price.
Raw material, design, engineering, and manufacturing form the most significant cost component in category implementation. The overall cost also depends on the type of machine used such as Extrusion Blow, Injection Blow, and Injection Stretch Blow for production.
Most of the service providers offer complete services from designing development, quality check, and shipping of the product.

List of Key Suppliers in the Blow Molding Plastic Packaging Category

Niagara Bottling Llc
Petainer UK Holdings Ltd.
Nampak Plastics Europe Limited
Plastipak Packaging Inc.
Esterform Packaging
Plastic Technologies Inc.
Toyo Seikan Kaisha Ltd.
Graham Packaging Company Inc.
Logoplaste

Blow Molding Plastic Packaging Procurement Intelligence Report Scope

Blow Molding Plastic Packaging Category Growth Rate: CAGR of 4.7% from 2023 to 2030

Pricing Growth Outlook: 10% - 15%

Pricing Models: Cost plus pricing model, volume-based pricing model

Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

Supplier Selection Criteria: By type, operating capability, quality measures, technology, certifications, regulatory compliance, and others

Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Analyzing the Distribution Channels in the Petrochemicals Industry: A Comprehensive Overview

Petrochemicals Industry Data Book - Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene and Methanol Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Petrochemicals Industry was valued at 566.5 million tons in 2021 and is anticipated to increase at a significant CAGR of 5.1% from 2022 to 2030.

Grand View Research’s petrochemicals industry data book 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.

Benzene Market Insights

The global benzene market size was estimated at USD 55.8 million tons in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 4.1% from 2022 to 2030. The increasing demand for styrene in various end-use industries such as packaging, automotive, electronics, and others is acting as a major driving force for the continuously increasing demand for benzene. Styrene, produced from benzene’s derivative ethylbenzene, is used in a wide range of industries. The majority of the product goes into the production of polystyrene, which due to its flexibility, resilience, moisture resistance, and lightweight is used in the packaging industry.

The automotive industry is increasing continuously with the introduction of a new range of electric vehicles has also resulted in an increase in demand for benzene as styrene is used in the production of tires and several body parts of both diesel or gasoline-powered vehicles and electric vehicles.

According to Niti Aayog, India is among the fastest-growing country in the automotive sector witnessing a compounded annual growth rate of 4% from 2011 to 2020. Additionally, according to the National Bureau of Statistics of China in 2020, tire production in the country reached to 807.47 million. Thus, this increasing demand for automobiles in different countries is resulting in an increase in demand for benzene.

Order your copy of the Free Sample of “Petrochemicals Industry Data Book - Ethylene, Propylene, Butadiene, Benzene, Xylene, Toluene and Methanol Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Xylene Market Insights

The global xylene market size was estimated at 60.4 million tons in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2030. Xylene is a solvent and raw material widely utilized across various industries including paints and coatings, adhesives and sealants, pharmaceuticals, plastics, and textiles. The increasing demand for products and advancements within these industries plays a pivotal role in driving the growth of the market. In the paints and coatings industry, the market holds significant importance as it is extensively employed in formulating solvent-based paints, varnishes, and enamels. Its versatility as a solvent is crucial for achieving the desired performance characteristics in these coatings. Similarly, the adhesives and sealants industry heavily relies on these products as a solvent for bonding additives. Its ability to dissolve and facilitate the adhesion of different materials is instrumental in the formulation of high-quality adhesives and sealants.

Furthermore, the market plays a vital role in the production of various plastics, including polyesters and polyethylene terephthalate (PET). These plastics have widespread use in industries such as packaging, textiles, and automotive, further contributing to the demand for products. The growing demand for end-use products in these industries serves as a catalyst for the growth of the market. As industries continue to innovate and advance, the demand for the market is expected to rise in tandem with the market's evolving needs and requirements.

The demand for additives in the U.S. market is primarily fueled by their use as a solvent and as a constituent in various additives, such as monomers. The product serves as an important solvent in industries spanning from paints and adhesives to chemical manufacturing due to its exceptional solvency properties, making it highly effective in dissolving and mixing other substances.

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

Petrochemicals Industry Data Book Competitive Landscape

Over the past years, This industry participants have been witnessed to continuously engage in acquisitions & mergers, and joint ventures with governments and other key players that are already in the field of oil and gas. By these operational integrations, companies seek to expand their reach to potential customers at optimum distribution cost.

Key players operating in the Petrochemicals Industry are:

BASF SE
Chevron Corporation
China National Petroleum Corporation (CNPC)
China Petrochemical Corporation (Sinopec)
Exxonmobil Corporation

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Is the Bioplastics Industry Profit Margin Sustainable for the Future?

Bioplastics Industry Data Book - Biodegradable Plastic, Polylactic Acid (PLA), Bio-based Polyurethane (PU) and Biopharma Plastics Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030

The global Bioplastics Industry was valued at 2,470.6 kilotons in 2021 and is anticipated to increase at a significant CAGR from 2022 to 2030.

Grand View Research’s bioplastics sector data book 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 an agricultural statistics e-book.

Biodegradable Plastic Market Insights

The global biodegradable plastic market size was estimated at 1,118.4 kilotons in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 16.2% from 2022 to 2030. Governments prohibiting the use of single-use plastic coupled with rising awareness among the public regarding the ill effects of plastic waste are among the key trends stimulating market growth.

Additionally, increasing the use of biodegradable plastic in packaging and agriculture is anticipated to supplement the growth of the segment. Non-decomposable plastic is a global issue. Governments around the world are tackling this problem by banning single-use plastic and promoting the use of biodegradable plastic. Moreover, consumers are willing to pay more for biodegradable plastic owing to their eco-friendly nature. The aforementioned factors, cumulatively, are providing a fillip to the market.

U.S. biodegradable plastic market is expected to rise significantly over the forecast period on account of the growing demand for bio-based packaging in food and consumer goods sectors. Bio bags and bio-based plastic have higher tensile strength, are eco-friendly in nature, and are convenient for use as compared to conventional plastic.

Order your copy of the Free Sample of “Bioplastics Industry Data Book - Biodegradable Plastic, Polylactic Acid (PLA), Bio-based Polyurethane (PU) and Biopharma Plastics Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030” Data Book, published by Grand View Research

Polylactic Acid (PLA) Market Insights

The global polylactic acid market size was estimated at 295.1 kilotons in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 16.8% from 2022 to 2030. The growth of the PLA market is mainly driven by the growing demand for polylactic acid (pla) biodegradable resin in packaging across emerging economies such as China, India, Italy, and others. Bioplastics are environmentally friendly alternatives to traditional plastics, notably in flexible and rigid packaging applications, because they are bio-based, compostable, and biodegradable in nature. Bioplastics are materials in which all the carbon is derived from renewable Raw Materials such as algae, corn, sugarcane, bacteria, potatoes, seashells, and starch.

The growing transition toward developing energy-efficient vehicles and electric vehicles has pushed global automotive manufacturing companies toward including plastics in automotive components to reduce the overall weight of a vehicle. Thermoplastic plastic manufacturers are collaborating to develop plastics suitable for use in the automotive industry, which, in turn, is expected to drive the overall market growth.

PLA packaging provides an environment-friendly solution and helps in enhancing the appearance of the final product. PLA packaging has become an essential part of green packaging of various food products, which is likely to improve its growth prospects over the forecast period. The increasing utilization of bio-based plastics in flexible packaging is expected to fuel the growth of the polylactic acid market. Growing demand for food, on account of increasing global population, is one of the key trends augmenting the market growth.

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

Bioplastics Industry Data Book Competitive Landscape

Major players engage in mergers and acquisitions, expand their production facilities, develop infrastructure, invest in research and development facilities and find ways to vertically integrate their operations across the value chain.

Key players operating in the Bioplastics Industry are:

Toyota Tsusho Corporation
Avantium
PTT MCC Biochem Co., Ltd.
An Phat Holdings
NatureWorks LLC

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Are You Getting the Best Value? Understanding Energy-as-a-Service Procurement Costs

Energy-as-a-Service Category - Procurement Intelligence

The Energy-as-a-Service Category is anticipated to grow at a CAGR of 9.20% from 2023 to 2030. North America is the leading market followed by Europe due to the rise in automation in manufacturing plants, renewable energy demand, and commercial industry growth.

This category is driven by key drivers such as cost efficiency, scalability, flexibility, simplified IT management, access to advanced technologies, and innovation for organizations in today's dynamic business landscape. The key trends that are shaping its growth trajectory include the escalating energy demand driven by expanding industries, favorable energy regulations promoting EaaS adoption, the increasing integration of renewable energy sources to meet sustainability goals, the growing demand for flexibility to adapt to market changes, and the emphasis on energy efficiency to optimize resource utilization.

This category is highly fragmented, with a large number of providers offering a variety of services. To dominate the category, major businesses use various tactics including providing a wide range of services, making investments in R&D, and purchasing smaller rivals. By doing this, they can develop their global footprint while also satisfying the market's growing need.

Order your copy of the Energy-as-a-Service Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Recent technological advancements include the development of smart meters, microgrids, and energy storage systems. These technologies have made it possible for category providers to offer more comprehensive and flexible energy solutions to businesses and consumers. For example, smart meters can help businesses and consumers track their energy usage in real-time, and microgrids can provide businesses with backup power during outages. Energy storage systems can also help businesses to store excess energy for use during peak demand periods. It is also important to note that the rising adoption of distributed energy resources (DER) in emerging nations is a significant contributor to the market's growth since they are both cost-effective and energy efficient.

The key cost components include energy generation and distribution costs, maintenance and operations expenses, procurement and installation fees, financing charges, and additional services provided within this service package. Understanding these components is crucial for both service providers and customers in assessing the financial implications of adopting EaaS. Pricing in this category typically follows a pay-per-use model, considering factors such as energy demand, efficiency improvements, and operational savings achieved. The price section includes service pricing, base fee, usage costs, add-ons/upgrades, support and maintenance, implementation/onboarding costs, and contract terms. Achieving an optimal pricing and cost strategy is essential to provide value to customers while ensuring a profitable and sustainable business model for EaaS service providers.

List of Key Suppliers in the Energy-as-a-Service Category

Schneider Electric
Siemens
Engie
Honeywell International Inc.
Veolia, EDF
Johnson Controls
Bernhard
General Electric
Entegrity
Enel SpA,
NORESCO, LLC
Centrica plc
Wendel

Energy-as-a-Service Procurement Intelligence Report Scope

Energy-as-a-Service Category Growth Rate: CAGR of 9.20% from 2023 to 2030

Pricing Growth Outlook: 3%-4% (Annually)

Pricing Models: Subscription-based pricing model and pay-per-use pricing model

Supplier Selection Scope: Technical capabilities, experience, pricing, and support to customers

Supplier Selection Criteria: Capabilities and reliability, track record and pricing, performance guarantees, flexible pricing structures, diversifying sourcing strategies, and leveraging technology

Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Exploring the Strengths, Weaknesses, Opportunities, and Threats in the Clinical Laboratory Industry

Clinical Laboratory Industry Data Book - Clinical Laboratory Tests and Clinical Laboratory Service Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Clinical Laboratory Industry was valued at USD 321.20 billion in 2022 and is anticipated to increase at a significant CAGR of 5.52% from 2023 to 2030.

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

Clinical Laboratory Tests Market Insights

The global clinical laboratory tests market size was estimated at USD 103.67 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.42% from 2023 to 2030. The clinical laboratory tests market is witnessing growth due to factors such as the rising geriatric population, growing prevalence of target diseases, and introduction of innovative solutions to meet the growing demand of market for clinical lab testing. The increasing prevalence of diseases such as cardiovascular diseases and diabetes is expected to be a significant driver of market growth over the forecast period.

According to the WHO, globally cardiovascular diseases cause approximately 17.9 million deaths each year, primarily due to heart disease and stroke as of 2021. Additionally, the prevalence of diabetes is constantly increasing, creating a substantial patient pool for the clinical laboratory test market. Drastic lifestyle changes, such as a growing number of smokers globally, rising obesity rates, and dietary irregularities, are major contributors to the high global prevalence of cardiovascular diseases. The added risk of developing cardiovascular conditions due to SARS-CoV-2 emphasizes the significant use of clinical laboratory tests for risk stratification. The increasing disease burden indicates market growth during the forecasted period.

According to WHO, life expectancy is now exceeding 80 years in most developed economies. Aging is influenced by the interaction of several environmental and genetic factors that affect immunity and metabolism, affecting the function of organs, and is characterized as a substantial risk factor for infectious disease development. The general purpose of clinical laboratory tests is to assist in identifying signs of nutrient deficiencies, detecting changes in health, evaluating bodily functions such as those of the kidney, liver, or thyroid, and monitoring the progression of treatment or disease. Thus, screening and diagnostics can play important role in the management of overall health. Thus, with an increase in the geriatric population, the need for acute and long-term healthcare is also rising, thereby driving the growth of market globally.

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Clinical Laboratory Service Market shares, by test type and service providers segment, 2022 (%)

Clinical Laboratory Service Market Insights

The global clinical laboratory services market size was estimated at USD 217.53 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 3.24% from 2023 to 2030. The market growth is due to the factors such as increasing burden of chronic diseases and growing demand for early diagnostic tests. Moreover, rapid advancements in data management and sample preparation due to growing volumes of testing samples are anticipated to boost market growth during the forecast period.

Clinical lab services are widely used for variety of applications, primarily for detecting and quantifying different biological substances. Variations in biomolecular concentrations can indicate various abnormal metabolic activities, infections, infectious and non-infectious diseases, and inflammatory conditions. To ensure optimal clinical results and overall public health, it's vital to rapidly and accurately diagnose severe illnesses and administer appropriate treatment.

Automation in clinical settings has significantly improved the data management process in laboratories. Growing adoption of laboratory automation systems is expected to boost the market during the forecast period. Furthermore, database management tools, patient test records, and integrated workflow management systems have received significant consideration in the healthcare industry. This can be attributed mainly to companies that are involved in processing nearly 100 to 150 billion samples per year. Hence, improvement & implementation of informatics and automated data management solutions to perform seamless operations are anticipated to drive the market.

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Clinical Laboratory Industry Data Book Competitive Landscape

Competitive rivalry in this market is to be high due to a large number of service providers, increasing number of contract research organizations, and high R&D investment to develop novel tests for different healthcare applications.

Key players operating in the Clinical Laboratory Industry are:

Abbott
ARUP Laboratories
OPKO Health, Inc.
Bioscientia Healthcare GmbH
Charles River Laboratories

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The Future of Wi-Fi Chipset Industry: Technology Trends and Innovations

Wi-Fi Chipset Industry Data Book - Wi-Fi 6, Wi-Fi 6E and Wi-Fi 7 Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Wi-Fi Chipset Industry is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s Wireless Fidelity (Wi-Fi) chipset industry data book is a collection of market sizing information & forecasts (2019-2030), key players competitive benchmarking analysis, government regulatory data, macro-environmental analysis, and 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.

Wi-Fi 6 Market Insights

The global Wireless Fidelity 6 market generated over USD 9.90 billion revenue in 2021 and is projected to expand at a CAGR of around 4.6% during the forecast period to reach USD 24.10 billion by 2030. The growth of this market can be attributed to the increasing demand for high-performance network connectivity that can allow multiple users to access the network simultaneously at a consistent bandwidth capacity.

The Wireless Fidelity 6 market is expected to register a significant growth rate over the forecast period owing to the growing need for high bandwidth to mitigate network congestion due to heavy network load. Moreover, the growth is further influenced by the rapidly growing demand for modern devices such as smartphones, laptops, tablets, and routers with the supporting capability of new wireless frequency bands such as 2.4GHz, 5GHz, and 6GHz. Additionally, offering Basic Service Set (BSS) colouring features in WiFi 6 technology allows users to improve network reliability in a dense ecosystem by enabling frames from the neighbour’s network. These frames help to minimize interference from other networks and boost the network speed. As a result, these chips are expected to witness increased demand across residential, commercial, and industrial applications.

Wi-Fi 6 Market Device Type Outlook

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Wi-Fi 6E Market Insights

The global Wi-Fi 6E chipset market size was valued at USD USD 2.37 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 27.0% from 2022 to 2030. The rising need for improved network low latency and bandwidth communications across companies is expected to drive the market over the projected period. The greatly increased data traffic has driven the need for enhanced network connectivity across numerous industries, including corporate and industrial. Thus, over the coming years, it is projected that the installation of Wi-Fi 6E devices will expand, as will the demand for their chipsets. Several companies across the globe are focusing on developing Wi-Fi 6E modules to power the upcoming laptops and PCs.

Increasing demand for high-speed and low-latency wireless connectivity among consumers has led to higher adoption of Wi-Fi 6E chipset devices. With the growing adoption of advanced technologies, such as 4K/8K video streaming, Virtual Reality (VR), Augmented Reality (AR), and cloud-based gaming, there is a significant need for high-speed and low-latency wireless connectivity. The Wi-Fi 6E technology offers faster data transfer rates and lower latency, making it an ideal solution for these applications. The adoption of smart home and smart city technologies is increasing rapidly, with consumers and governments recognizing these solutions' benefits.

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Wi-Fi Chipset Industry Data Book Competitive Landscape

Market players are primarily focusing on developing new products in the market in order to cater to a large number of customers’ needs and requirements.

Key players operating in the Wi-Fi Chipset Industry are:

Broadcom Inc
Qualcomm Technologies, Inc.
ON Semiconductor Connectivity Solutions, Inc.
Intel Corporation
Celeno

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Clinical Trial Imaging Services Procurement Revenue Forecast Report, 2023 - 2030

Clinical Trial Imaging Services Category - Procurement Intelligence

The Clinical Trial Imaging Services Category is anticipated to grow at a CAGR of 8.05% from 2023 to 2030. North America holds the largest category share at about 41%.The rising number of Contract Research Organizations (CROs) along with biotechnology and pharmaceutical companies, the increasing presence of chronic health diseases among the population, the development of innovative imaging techniques, and rising R&D investment to develop new drugs and therapies are some of the key factors driving the growth.

There are several key trends emerging in the category and some of them include the integration of artificial intelligence, betterment in data management & analysis, virtual imaging, and trials. For example:

In January 2023, ICON plc, a leading provider of clinical trial services, announced the launch of a new imaging platform that enables real-time monitoring and analysis of imaging data in clinical trials
In February 2023, PAREXEL International Corporation, a leading clinical research organization, announced the expansion of its imaging capabilities in Asia, with the opening of a new imaging center in Singapore
In April 2023, BioClinica, a leading provider of clinical trial imaging services, announced the launch of a new imaging platform that would merge AI and machine learning technologies to improve the accuracy and efficiency of image analysis in clinical trials

The project and data management services segment accounted for 29% of the category share in 2021, providing operational expertise, tracking projects, converting scans into digital images, regulatory control, and issue resolution. Based on application, non-alcoholic Steatohepatitis (NASH) is a rapidly growing disease with a global prevalence of 25.2% and is expected to reach 63% by 2030, driving demand for its treatment. Companies are focusing on improving clinical trial studies to assess the effectiveness of therapies used for NASH. The Contract Research Organizations (CROs) segment accounted for 46% of the Research & Development market in 2021, driven by the increasing cost of drug development and the demand for outsourcing of research and development activities.

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This category is fragmented with the presence of various small and medium-sized businesses that provide clinical trial imaging. Major market players are focused on research and development operations inside their organizations in order to extend their business across many geographies. To increase their share and boost their position, key corporations are pursuing various methods such as mergers, acquisitions, cooperation, and partnerships. For instance, ICON PLC purchased PRA Health Science in February 2021 to enhance its clinical research operations and worldwide healthcare intelligence.

China and India are some of the preferred sourcing destinations for this category. India is a popular destination for imaging services due to its established medical sector. Suppliers offer competitive pricing, and skilled labor, and can accommodate various project sizes. China is renowned for its precision manufacturing, offering high-quality products and advanced technology. Its suppliers are known for their precision, reliability, and strict quality control processes.

List of Key Suppliers in the Clinical Trial Imaging Services Category

Resonance Health
Navitas Life Sciences
IXICO plc
ProScan Imaging
Radiant Sage LLC
Medpace
Biomedical Systems Corp
Cardiovascular Imaging Technologies
Intrinsic Imaging
BioTelemetry

Clinical Trial Imaging Services Procurement Intelligence Report Scope

Clinical Trial Imaging Services Category Growth Rate: CAGR of 8.05% from 2023 to 2030

Pricing Growth Outlook: 20% - 30% (Annually)

Pricing Models: Variable pricing model, fixed-fee pricing model

Supplier Selection Scope: Cost and pricing, Past engagements, Productivity, Geographical presence

Supplier Selection Criteria Products and services, applications, modalities, operational capabilities, regulatory standards and mandates, category innovations, and others

Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

Analyzing the Strengths, Weaknesses, Opportunities, and Threats in the Antibodies Industry

Antibodies Industry Data Book - Antibodies Production, Polyclonal Antibody, Monoclonal Antibody, Cancer Monoclonal Antibody, Research Antibody, Custom Antibody, Mammalian IgG Polyclonal Antibody Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Antibodies Industry is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s antibodies industry data book is a collection of market sizing & forecast insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, and macro-environmental analysis studies. Within the purview of the data book, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.

Antibody Production Market Insights

The global antibody production market size was valued at USD 16.35 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.92% from 2023 to 2030. Increasing prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases, coupled with the growing demand for therapeutic antibodies, has led to the rapid growth of the market. The COVID-19 pandemic has had a significant impact on the market. With the urgent need for therapeutic antibodies and vaccines to combat the virus, there has been a surge in demand for antibody production services.

Increasing investment in research and development of monoclonal antibodies is expected to drive market growth, especially in cancer treatment, which accounts for almost 50% of all R&D programs related to mAbs. The targeted approach of mAbs has revolutionized cancer treatment by reducing side effects and improving patient outcomes. Despite this, ongoing research and development are necessary to optimize mAb efficacy in cancer treatment. A significant milestone in the field of mAb therapeutics is the recent approval, by the European Commission of Bristol Myers Squibb’s combination therapy of Yervoy and OPDIVO for treating malignant pleural mesothelioma in June 2021. This approval highlights the potential of mAbs in treating complex and severe diseases and reinforces the need for continued investment in the research and development of mAb therapeutics.

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Monoclonal Antibodies Market, by Application, 2020 - 2030 (USD Billion)

Monoclonal Antibodies Market Insights

The global monoclonal antibodies market size was valued at USD 210.06 billion in 2022 and is projected to exhibit a compound annual growth rate (CAGR) of 11.04% from 2023 to 2030. Rising prevalence of chronic diseases such as cancer, cardiovascular diseases, and others are increasing the demand for biologics, which is anticipated to serve as a key factor driving the monoclonal antibodies (mAbs) market. Similarly, increasing applications of mAb therapies for targeted therapies and rising awareness about such therapies amongst patients and physicians is expected to significantly contribute toward the market growth.

The market is also favored by the strategic initiatives undertaken by key players for the development and marketing of mAb products. For instance, in October 2021, T-Cure Bioscience, Inc. collaborated with Atlas Antibodies AB for the production and supply of CT83 mAbs. Similarly, in January 2022, Ono Pharmaceutical Co., Ltd. and Neurimmune AG collaborated on the creation of mAb drugs against new therapeutic targets for neurodegenerative diseases. Such initiatives are expected to open new growth opportunities and positively affect market growth.

However, high costs associated with the development of mAbs and the resultant increase in prices for mAb therapeutics can impede market growth in the near future. For instance, COVID-19 treatment mAbs such as Regeneron’s REGEN-COV (casirivimab and imdevimab), and GlaxoSmithKline & Vir Biotechnology’s sotrovimab cost around USD 1,250 and USD 2,100 per infusion, respectively. Such high drug prices can limit the access to mAb therapies for the large patient populations in developing countries and restrict mAbs adoption.

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Antibodies Industry Data Book Competitive Landscape

To maintain a significant share in the market, key participants are undertaking various initiatives and implementing business strategies, such as product launches, product portfolio expansion, reinforcement and stabilizing the distribution network, and manufacturing capacity expansion and geographic reach expansion through acquisitions, collaborations, and partnerships.

Key players operating in the Antibodies Industry are:

Danaher Corporation
Sartorius AG
Thermo Fisher Scientific, Inc.
GE Healthcare
Merck KGaA

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Breaking Down the Costs: A Closer Look at the Paints and Coatings Industry

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

The global Paints and Coatings Industry was estimated at 48.16 million tons in 2022 and is anticipated to increase at a significant CAGR of 3.2% from 2023 to 2030.

Grand View Research’s paints & coatings sector database 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.

Powder Coatings Market Insights

The global powder coating market size was valued at 8.52 million tons in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.9% from 2023 to 2030. The emerging economies of Asia Pacific and MEA regions have witnessed strong growth in non-residential sectors including consumer goods, IT, telecom, and retail resulting in growth in product demand. The growing number of consumer goods companies in India, China, and Singapore is expected to augment market development in the near future. Powder coatings have numerous advantages over other coatings, such as lower operating costs, immediate availability, negligible VOC emission, excellent appearance, and uniform thickness. In addition, they are relatively easy to apply in thick layers of coating, which results in a smooth, uniform appearance.

A rise in the production of automobiles and the surge in demand for medical devices are expected to be major factors driving the market growth in developing nations including India, China, Brazil, and Mexico over the forecast period. Moreover, high product adoption in the furniture sector on account of its excellent performance, low operational costs, color availability, and custom properties, such as anti-corrosion and anti-bacterial functions, will stimulate market growth.

Paints & coatings is among the most heavily regulated industries in the world. There are a large number of players operating in the global paints & coatings market across the globe. With technological advancements, various new coating technologies have been introduced. These technologies include waterborne coatings, powder coatings, radiation-curable coatings, and high-solid coatings, among a few others.

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

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Waterborne Coatings Market Insights

The global waterborne coatings market size was valued at 18.92 million tons in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.4% from 2023 to 2030. The growth is driven by the fostering of construction activities across the globe. Rising construction activities on account of rapid industrialization and urbanization across the globe are anticipated to drive product demand over the projected period. The excessive shift in coatings trend from low or high-volatility organic solvents to complete solvent-free coatings that have fewer emissions is likely to contribute to the growing demand for waterborne coatings in residential as well as commercial coating applications. Interior and exterior wall paint formulations mainly rely on waterborne coatings.

Waterborne coatings are expected to witness an increase in demand from automobile applications due to which the coating manufacturers are investing in research & development to reduce manufacturing costs and, thus, reduce the price of their coatings. Operators working in automobile OEM & refinishing companies are expected to follow compliance to switch from solvent-borne to waterborne coatings systems. Conventional solvent-borne coatings contain about 84% VOC content and 16% solids. Typical waterborne coatings contain about 70% water, 20% solids, and 10% solvent. Waterborne coatings for automobile applications include fewer VOCs, which reduces health-related risks. The product is used for multiple hues & stripping has an advantage as they use a less clear coat to even out the surface for different layers.

These aforementioned factors are expected to increase product demand in automobile applications. On the other hand, the COVID-19 pandemic disrupted industry growth on the account of a temporary shutdown of construction activities, automobile manufacturing sites, and many other facilities due to imposed global lockdown for an uncertain period of time. The industry further sustained a major hit by the pandemic due to disruption in the supply chain caused by the international border restrictions. The pandemic caused a slight slump in market growth; however, it is anticipated to bounce back owing to the rapidly growing construction activities across the globe.

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Paints and Coatings Industry Data Book Competitive Landscape

The global paints & coatings market is heading toward major consolidations to increase efficiency, support growth, and achieve more leverage with suppliers and customers.

Key players operating in the Paints and Coatings Industry are:

PPG Industries, Inc.
Akzo Nobel N.V.
The Sherwin-Williams Company
Axalta Coating Systems, LLC
Jotun

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What are the Major Factors Driving the Growth of the Big Data Category?

Big Data Category - Procurement Intelligence

The Big Data Category is expected to grow at a CAGR of 12.7% from 2023 to 2030. North America accounts for the largest share of the category. The increasing demand for advancement in technology and increasing data generation in the business are boosting growth. Companies are focusing on adopting technology for boosting revenue and consumer base. For instance, in March 2022, Microsoft launched Azure Health Data Services, a cloud-based platform that combines health data and supports transactional and analytical workloads. It also powers artificial intelligence applications and protects protected health information (PHI).

Big Data Implementation: Total Cost Structure

Apache Hadoop is an open-source software framework that allows for the distributed storage and processing of large datasets. Hadoop breaks down large datasets into smaller chunks that can be stored and processed on multiple computers in parallel. This allows Hadoop to efficiently store and process large datasets that would be too large for a single computer to handle.

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Companies are continuously focusing on partnering or developing their own technology. For instance:

In April 2022, Wipro and DataRobot partnered to help businesses adopt Artificial Intelligence (AI) at a larger scale. The partnership will provide businesses with augmented intelligence solutions that can be used to improve decision-making, optimize operations, and deliver better customer experiences. The partnership will also help businesses to get more value from their data more quickly.
Oracle updated Oracle Analytics Cloud in January 2022 with a new design experience that makes it easier for users to identify, display, and act on critical insights. The new design features a fresh new look, more whitespace, and fonts that are optimized for dense data.
In May 2021, Telefonica Tech collaborated with Microsoft on Azure Edge Zone. Telefonica united its 5G connectivity with Microsoft Edge computing competencies, allowing industry procedures to strengthen digital transformation.
In December 2021, Microsoft added a soft delete feature to Azure Data Lake Storage. This feature allows users to recover accidentally deleted files and folders for a specified period of time. After the retention period has expired, the deleted items are permanently deleted.
In December 2021, Microsoft announced that Snowflake would be supported as a data source in Azure Purview. This means that users can now use automated data discovery to build a detailed map of their data environment, including Snowflake databases. Users can also quickly import information from Snowflake databases into the Azure Purview data map, and then manage and control the Snowflake data in Azure.

Category growth is expected to be fueled by the implementation of IOT, social media and user-generated content and decreasing cloud storage cost. The utilization of big data technology in social media like Facebook AI Research Lab and Amazon Kinesis is a key factor driving this trend.

Big Data Sourcing Intelligence Highlights

The global big data category is fragmented, with numerous small and large players operating in different regions. The competition between players is intense as they strive to gain a wider customer base and improve customer experiences
The growing number of suppliers of this technology, such as developers and programmers, has somewhat reduced the bargaining power of suppliers.
Project scope, data volume, technology stack, and other factors form the most significant cost component in big data implementation. The overall cost also depends on the infrastructure, hardware and software, data acquisition, and integration.
Most of the service providers offer complete services from data collection, development of technology, maintenance, and others.

List of Key Suppliers in the Big Data Category

Accenture
Cloudera
Google
Hewlett-Packard Company
IBM
Mu Sigma Inc.
Amazon
Oracle Corporation
Splunk Inc
Teradata Corporation

Big Data Procurement Intelligence Report Scope

Big Data Category Growth Rate: CAGR of 12.7% from 2023 to 2030

Pricing Growth Outlook: 3% - 4%

Pricing Models: Subscription-based

Supplier Selection Scope: Cost and pricing, past engagements, productivity, geographical presence

Supplier Selection Criteria: Type, technical expertise, security measures, support and maintenance, cost-effectiveness, and others

Report Coverage: Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Brief about Pipeline by Grand View Research:

Our services include (not limited to):

Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions