Press Room

Fiber Optic Preform Market Worth $8.66 Billion by 2025 | CAGR 19.6%

The global fiber optic preform market size is expected to reach USD 8.66 billion in 2025, registering a CAGR of 19.6% from 2019 to 2025, according to a new report by Grand View Research, Inc. Benefits associated with optical communication have encouraged intensive R&D into the fiber optics technology, which in turn has resulted in several innovations enabling the application of optical fibers in a myriad of industries other than telecommunications. These industries include healthcare, railway, defense and aerospace, and oil and gas. This factor is anticipated to bode...Read More »

February 2019

Paprika Market Size Worth $619.5 Million By 2025 | CAGR 5.3%

The global paprika market size is expected to reach USD 619.5 million by 2025 expanding at an estimated CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness regarding the health benefits of paprika is expected to drive the market. The oleoresin segment led the global industry and constituted over 36% of the total market share in 2018. Some of the leading companies, such as Ungerer & Company, Synthite, Chr. Hansen Holding A/S, and Unilever Food Solutions, offer a wide range of paprika. Other prominent market players include...Read More »

February 2019

Recycled Polyethylene Terephthalate Market Worth $11.40 Billion By 2025

The global recycled polyethylene terephthalate market size is anticipated to reach USD 11.40 billion by 2025, according to a new study by Grand View Research, Inc., progressing at a CAGR of 7.4% during the forecast period. Booming beverage industry in Asia Pacific countries such as China, India, Japan, South Korea, Vietnam, and the Philippines has been stimulating the growth of the rPET market. Recycled PET, also termed as rPET, is a synthetic compound prepared from used PET products, which finds application in a...Read More »

February 2019

Energy Storage Systems Market Demand To Reach 210,803 MW By 2026

The global energy storage systems market demand is expected to reach a total capacity of 210,803 MW By 2026, according to a new report by Grand View Research, Inc. Growing demand for efficient and competitive energy resources over the last decade has primarily driven the market. It is estimated to register a CAGR of 2.3% from 2018 to 2026. Rising consumer awareness regarding efficient energy consumption coupled with demand for smart homes with effective load management is expected to play a major role in the development of energy storage system market. Ascending demand by...Read More »

February 2019

Whiskey Market Size Worth $89.60 Billion By 2025 | CAGR 6.4%

The global whiskey market size is expected to reach USD 89.60 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness a CAGR of 6.4% during the forecast period on account of rising product consumption across the globe. Growing product usage in the artistic preparation of alcoholic drinks is the key factor driving the industry. Blended whiskey is likely to remain the most lucrative product segment over the forecast period due to ongoing experimental activities to produce innovative drinks. The market has also experienced a high demand for...Read More »

February 2019

Real-Time Payments Market Size Worth $39.02 Billion By 2025

The global real-time payments market size is estimated to reach at USD 39.02 billion by 2025 registering a CAGR of 29.3%, according to a new study by Grand View Research, Inc. Real-time payments are digital/electronic payments that allow the immediate transfer of funds in real time through a secured payment gateway. Growing e-commerce sector and adoption of smartphones coupled with the rising need for fast and convenient payment solutions in large and Small & Medium Enterprises (SMEs), are anticipated to fuel the RTP market expansion. The real time payments infrastructure...Read More »

February 2019

Clear Brine Fluids Market Worth $1.03 Billion By 2025 | CAGR: 3.3%

The global clear brine fluids market size is expected to reach USD 1.03 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 3.3% during the forecast period. Increasing number of drilling operations is creating the need for completion and workover chemicals, thereby driving the demand for clear brine fluids. Increasing deployment of Hydraulic Fracturing and Enhanced Oil Recovery (EOR) operations have resulted in an increased demand for clear brine fluids, which are not only more...Read More »

February 2019

Polyarylsulfone Market Worth $2.9 Billion By 2025 | CAGR: 7.7%

The global polyarylsulfone market is expected to reach USD 2.9 billion by 2025, according to a new report by Grand View Research, Inc. Growing application in medical device & technology applications such as blood filtration membranes, dental instruments, surgical devices, and medium-sized containers emerged as a significant demand driver for the PAS market. Polyarylsulfone (PAS) share numerous application in the water treatment industry. Growing water-borne diseases prevalence across the globe is developing the need for clean water. Additionally, continuously increasing water...Read More »

February 2019

Construction Films Market Worth $23.53 Billion By 2025 | CAGR 5.5%

The global construction films market size is expected to reach USD 23.53 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.5% over the forecast period. Construction films are thin films or laminates used for applications, such as window glass building systems. They assist in converting the existing windows, roofs, walls to contemporary standards and increase their energy-efficiency. Vapor barrier films and solar films are the most widely used products as they reduce heat transfer. These films work on the principles of radiation and convection...Read More »

February 2019

Animal Feed Additives Market Worth $47.32 Bn By 2025 | CAGR: 3.7%

The global animal feed additives market size is expected to reach USD 47.32 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 3.7% during the forecast period. Focus on improving overall feed yield has been a critical factor for the surge in feed additives demand. Increasing the consumption of meat and milk products as a source of protein and other essential nutrients is expected to further fuel the growth. Feed additives are considered an integral part of animal feed. Additives act as a catalyst that help disease...Read More »

February 2019

Polyaryletherketone Market Worth $1.42 Billion By 2026 | CAGR 7.1%

The global polytetrafluoroethylene market size is expected to reach USD 1.42 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 7.1% over the forecast period. Rising demand for polytetrafluoroethylene (PAEK) can be attributed to its superior properties including low permeability, outstanding chemical resistance, good energy radiation resistance, and high electrical strength. Consumption of polyether ketone ketone (PEKK) has been on a rise owing to its various properties such as inherent...Read More »

February 2019

Polyphenols Market Worth $2.08 Billion By 2025 | CAGR 7.2%

The global polyphenols market is expected to reach USD 2.08 billion by 2025, according to a new report by Grand View Research, Inc. Growing functional food & beverage industry is projected to drive the product demand over the forecast period. The use of advanced technology as compared to the traditional distillation methods for extracting polyphenols from herbs, plants, fruits, and vegetables is expected to result in reduced production costs over the coming years. Green tea segment is growing at a rapid pace owing to its increasing...Read More »

February 2019

Leather Chemicals Market Worth $11.65 Billion By 2025 | CAGR: 7.5%

The global leather chemicals market size is anticipated to reach USD 11.65 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.5% during the forecast period. Increasing disposable income along with growing population in developing economies is estimated to boost the demand for consumer leather products, which in turn, can drive the leather chemicals market. Leather chemical manufacturers have integrated their production and distribution channels for improved market accessibility. These...Read More »

February 2019

PVA Market Size Worth $1.2 Billion By 2025 | CAGR: 6.1%

The global polyvinyl alcohol market size is expected to reach USD 1.2 billion by 2025, expanding at a CAGR 6.1% over a forecast period, according to a new report by Grand View Research, Inc. Increasing need for bio-based PVA products is a key growth factor for the global market. In addition, rising demand from Asia Pacific is expected to propel demand over the forecast period. PVA is a synthetic water-soluble polymer, widely used in formulation processes in various end-use industries. Demand for the same mainly stems from the packaging industry, as it is an excellent barrier to...Read More »

February 2019

OSB Market Size Worth $32.89 Billion By 2025 | CAGR 14.3%

The global oriented strand board market size is expected to reach USD 32.89 billion by 2025 expanding at a CAGR of 14.3%, according to a new report by Grand View Research, Inc. Growing product penetration in residential and commercial construction due to superior aesthetics is anticipated to benefit the industry growth. The industry has witnessed extreme fluctuations in supply and demand on account of the cyclic nature of the residential construction. Suppliers in the OSB market heavily influence the product prices as the raw material accounts for a high proportion of...Read More »

February 2019

Clinical Trials Market Size Worth $68.9 Billion By 2026 | CAGR: 5.7%

The global clinical trials market size is expected to reach USD 68.9 billion by 2026, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.7% during the forecast period. Key drivers impacting the market growth are globalization of clinical trials, development of new treatments such as personalized medicine, augmenting evolution in technology, and rising demand for CROs to conduct clinical trials. Globalization has led to increase in investment in new product development in emerging countries thereby, positively impacting the market....Read More »

February 2019

Anti-aging Services Market Worth $35.43 Billion By 2026 | CAGR: 5.3%

The global anti-aging services market size is likely to reach USD 35.43 billion by 2026, according to a new report by Grand View Research, Inc., progressing at a CAGR of 5.3% during the forecast period. Growing aging population along with increasing life expectancy has created a high demand for anti-aging solutions. According to 2017 data revision of the World Population Prospects, the proportion of population aged 60 and over is poised to grow by more than two times by 2050 and by more than three times by 2100, increasing from 962 million in 2017 to 2.1 billion by 2050. Hence, the...Read More »

February 2019

Paint Protection Films Market Size Worth $806.4 Million By 2025

The global paint protection films market size is projected to reach USD 806.4 Million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.1% during the forecast period. Rising consumer awareness regarding vehicle paint protection against bug splatters, stone chipping, and abrasions is anticipated to fuel the demand for paint protection films. The market is moderately fragmented in nature and is moving towards consolidations. Abundant raw material availability and presence of several major players with adequate production capacities have...Read More »

February 2019

Preterm Birth and PROM Testing Market Size Worth $1.3 Billion by 2025

The global preterm birth and prom testing market size is expected to reach USD 1.3 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 1.8% during the forecast period. Rising incidence of preterm births, increasing geographical reach by market players, high demand for effective diagnosis of preterm births, and advanced drug delivery devices are expected to drive the market. Every year, approximately 15 million babies around the world are born before the 37th week of pregnancy and this number is expected to...Read More »

February 2019

Optical Coatings Market Size Worth $25.64 Bn By 2025 | CAGR: 9.0%

The global optical coatings market size is expected to reach USD 25.64 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.0% during the forecast period. Growing solar industry and investments in aerospace and defense industry are the key market drivers. Wide usage in scientific and medical devices for screen displays is anticipated to augment the demand over the forecast period. Medical equipment industry was valued at nearly USD 6.7 billion in 2016 and is expected to reach around USD 8.6 billion by 2020. Therefore,...Read More »

February 2019