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Showing posts from February, 2025

Poised by Growing Applications in Automotive Sector, Global Market for Carbon Black to Touch $35 billion by 2030

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Industry Experts, Inc., has released its latest report on Carbon Black Market , which projects the demand for the same be estimated at US$24.5 billion in 2024 and projected to reach US$34.9 billion by 2030 at a CAGR of 6.1% between the two years. Some of the factors instrumental in driving demand for Carbon Black include growing application of this material as a reinforcing agent in tires & other rubber products and its use as a pigment in plastics and printing inks & toners, as also in paints & coatings. Advancements in production techniques of Carbon Black have played a major role in the material's development and optimization for various uses. Furnace black, thermal black and acetylene black are innovative processes that have contributed significantly to enhance the efficiency and quality of making Carbon Black. With an estimated 2024 share of nearly 68%, Tires, by far, form the dominant application for Carbon Black globally, since the material is widel...

Global Bioplastics Market to Surpass $44 billion by 2030: Environmental Concerns Contributing to Increasing Demand

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Industry Experts, Inc., has released its latest report on Bioplastics Market , which estimates volume demand for the same at 2.3 million tons in 2024 that is projected to reach 5.9 million tons by 2030 at a CAGR of 16.9% between the two years. In terms of value, the global market for Bioplastics is anticipated to post a robust 2024-2030 CAGR of 21% and reach a projected US$44.3 billion by 2030 from an estimated US$14.1 billion in 2024. Some of the factors instrumental in driving demand for Bioplastics include increased awareness on environmental issues in order to mitigate carbon footprints, availability of sustainable options to conventional plastics, stringent rules and regulations implemented by governments for reducing plastic waste, Bioplastics forming lucrative substitutes for regular plastics due to fluctuating petroleum prices and high investments in research & development for developing versatile Bioplastics for wider applications. In addition, prohibition of...

Monolithic Ceramics Demand being Supported by their Growing Applications in Electronic Devices

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Industry Experts, Inc., has released its latest report on Monolithic Ceramics Market, which projects the demand for the same be estimated at US$20.2 billion in 2024 and projected to reach US$29.2 billion by 2030 at a CAGR of 6.3% between the two years. Some of the factors instrumental in driving demand for Monolithic Ceramics include increasing demand for electronic devices, especially in manufacturing capacitors and transistors for smartphones, laptops, TVs, cameras and IoT equipment, the growing need in medical care devices and continuous innovations in research & development to enhance the properties of monolithic ceramics. These materials are also extensively used in pollution control devices in automobiles due to the alarming concern over environmental issues. Stringent regulatory guidelines have been enforced by governments in regard to curbing the emissions of greenhouse gases from various sources. Based on type, Oxide Monolithic Ceramics are estimated to hold ...

Global Medical Ceramics Market: Trends, Outlook, and Growth Projections

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  Overview of Medical Ceramics Medical Ceramics refer to ceramic materials specifically designed for use in medical applications due to their biocompatibility, durability, and resistance to degradation within the human body. These materials readily integrate with biological tissues, making them ideal for medical devices and implants. The key types of Medical Ceramics include: Bioactive Ceramics (e.g., hydroxyapatite, bioactive glasses) – Promote healing and bond with bones, commonly used in orthopedic and dental implants. Bioinert Ceramics (e.g., alumina, zirconia) – Highly durable, wear-resistant, and compatible with human tissue, used in orthopedic and dental implants. Bioresorbable Ceramics – Degrade over time, allowing gradual replacement by natural tissues, beneficial for temporary implants. Market Size and Growth Projections The global Medical Ceramics market is estimated at US$19.5 billion in 2024 and is projected to reach US$27.3 billion by 2030 , growing at a CAGR of ...

Consumer Preference for Clean-label Products and Natural Ingredients Bolster the Demand for Industrial Enzymes, Global Market to Reach US$11 Billion by 2030

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A new report by Industry Experts, Inc., on " Industrial Enzymes Market ", reveals that the Global Industrial Enzymes market is estimated at US$7.7 billion in 2024 and projected to post a CAGR of 6.6% between 2024 and 2030 to reach US$11.3 billion by 2030. The global industrial enzymes market is driven by several key factors that reflect the changing preferences of consumers and the demands of the industries. A notable driver is the increasing demand for convenience and processed foods, alongside a shift toward healthier and more sustainable food options. Enzymes improve food quality, enhance texture, and prolong shelf life, facilitating large-scale production while satisfying consumer expectations. Innovations in enzyme manufacturing have increased efficiency and cost-effectiveness, allowing for wider accessibility across different industries. By application, the food and beverage segment dominates the industrial enzymes market accounting for 27.9% of the share ...

Genomic Technologies, Government Initiatives, and Heightened Public Awareness Propel the Global Market for Personalized Medicine

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A new study by Industry Experts, Inc., on " Personalized Medicine " has been published. Global Personalized Medicine market is estimated at US$531.7 billion in 2024 and projected to post a CAGR of 8.5% between 2024 and 2030 to reach US$869.9 billion by 2030. The global market for personalized medicine is driven by several significant factors, such as advancements in genomic technologies, increased public awareness, and supportive government initiatives for personalized healthcare. Innovations in technologies like Next-Generation Sequencing (NGS), artificial intelligence (AI), machine learning (ML), liquid biopsy, and nanotechnology are revolutionizing personalized medicine by enabling more accurate and effective therapies. Additionally, an increase in clinical trials, innovations in pharmacogenomics, and the expansion of genetic databases are contributing to the market's growth. As healthcare continues to move toward a more individualized approach, the person...

Multiple Factors Contributing to Increasing Demand for Biosensors, Global Market to Touch $50 billion by 2030

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Industry Experts, Inc., has released its latest report, on Biosensors Market , which projects the demand for the same be estimated at US$30.6 billion in 2024 and projected to reach US$49.6 billion by 2030 at a CAGR of 8.4% between the two years. Some of the factors instrumental in driving demand for Biosensors include proliferation of wearable biosensor technology, comprising smartwatches and fitness trackers that allow continuous monitoring of vital signs and other health parameters by providing real-time data. The applications of biosensors in point-of-care (PoC) testing are also growing at an impressive rate due to providing the option of rapid and convenient diagnostics as against conventional laboratory settings. Miniaturized and highly sensitive biosensors are now being developed with the use of nanotechnology with materials, such as nanoparticles and nanowires, which enhance the surface area and reactivity of biosensors to offer improved detection capabilities. Anot...

Global Biosimilars Market: Rising Demand and Future Growth Prospects 2024

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  Introduction to Biosimilars Biosimilars are biologic drugs that closely resemble approved biologics, known as reference products, without any clinically meaningful differences in terms of safety, purity, or effectiveness. Developed using living systems such as yeast, bacteria, or animal cells, biosimilars are inherently complex and sensitive to manufacturing changes, distinguishing them from generic drugs, which are precise chemical replicas of small-molecule drugs. These products span multiple therapeutic categories, including monoclonal antibodies used in cancer and autoimmune conditions, hematopoietic agents like filgrastim that aid in blood cell production, hormonal treatments such as insulin and growth hormones, and anti-inflammatory medications for conditions like rheumatoid arthritis. Expanding Applications of Biosimilars Biosimilars play a crucial role in managing various diseases, including oncology treatments such as trastuzumab for cancer therapy, blood disorders like...

Global Tissue Engineering Market Trends and Outlook

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A new study by Industry Experts, Inc., on " Tissue Engineering Market ", reveals that the global Tissue Engineering market is estimated at US$17.8 billion in 2024 and is projected to grow to US$37.1 billion by 2030, with a CAGR of 13% during the forecast period 2024-2030. The Tissue Engineering market growth is fueled by the rising incidence of chronic diseases, trauma cases, and the increasing need for organ transplants. The prevalence of chronic diseases such as cardiovascular ailments, diabetes, and orthopedic problems, alongside lifestyle changes and an aging population, has escalated the demand for novel tissue engineering methods. Technological advancements, including 3D bioprinting, stem cell research, and organ-on-a-chip innovations, are transforming the industry by facilitating accurate and effective tissue creation. Artificial intelligence (AI) and collaborations between academic institutions and industry players are driving further innovation. Furtherm...

Global Demand for Biomaterials is Projected to Reach about $410 Billion by 2030

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The latest report from Industry Experts, Inc., on " Biomaterials Market ", reveals that the global market for Biomaterials market is estimated at $189.5 billion in 2024 and is projected to grow to $409.4 billion by 2030, with a CAGR of 13.7% during the forecast period 2024-2030. The biomaterials market is influenced by several significant factors, including the rising demand for plastic surgeries and minimally invasive techniques that depend on biocompatible biomaterials for safe and successful enhancements. The increasing incidence of cardiovascular diseases, orthopedic issues, arthritis, and sports injuries is increasing the demand for implantable biomaterials as chronic health conditions worsen due to unhealthy lifestyles and an aging demographic. Furthermore, the expansion of regenerative medicine, improvements in 3D printing and additive manufacturing, and breakthroughs in biodegradable biomaterials are driving the market expansion. The plastic surgery segme...

Global Biomarkers Market to Reach $173.8 Billion by 2030, Driven by Personalized Medicine, Drug Development, and Diagnostics

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  Overview Biomarkers, or biological markers, are measurable indicators of biological states or conditions. They are widely used in diagnostics, disease monitoring, and drug development to assess disease progression and treatment effects. Biomarkers include molecules, genes, proteins, and other substances found in tissues, blood, or body fluids. Their importance spans multiple applications, including companion diagnostics, personalized medicine, and clinical research. With advancements in imaging technologies, biomarkers help healthcare professionals visualize data, design effective treatment plans, and identify therapeutic targets. The global biomarkers market , valued at $81.7 billion in 2024 , is projected to reach $173.8 billion by 2030 , growing at a CAGR of 13.4% from 2024 to 2030. This growth is fueled by an increasing incidence of chronic diseases, rising demand for precision medicine, and technological advancements in genomics, proteomics, and high-throughput screening. M...

Biopharmaceuticals Market Poised for Strong Growth, Projected to Reach $698.7 Billion by 2030

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  Overview Biopharmaceuticals, or biologics, are advanced drugs derived from living organisms such as bacteria, yeast, or mammalian cells using cutting-edge biotechnology, including recombinant DNA technology. Unlike traditional small-molecule drugs, these complex and large-molecule therapies include proteins, nucleic acids, and vaccines designed to treat chronic, complex, and rare diseases. Biopharmaceuticals play a critical role in oncology, autoimmune diseases, diabetes, inflammatory and infectious diseases, neurological disorders, cardiovascular conditions, and blood disorders . Key biopharmaceutical products include: Monoclonal antibodies for cancer and autoimmune diseases Erythropoietin (EPO) for anemia management Recombinant insulin for diabetes G-CSF to boost white blood cell production Interferons for viral infections Human growth hormones (HGH) for growth deficiencies These therapies enable gene and enzyme replacement solutions, offering precise, targeted treatme...

Growing Demand for Automotive Sensors to Drive Market to $67 Billion by 2030

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  Industry Experts, Inc. has released its latest report on the Automotive Sensors Market , estimating the market size at $33.2 billion in 2024 , with projections to reach $66.8 billion by 2030 , growing at a CAGR of 12.4% from 2024 to 2030 . Key Market Drivers The increasing adoption of advanced driver-assistance systems (ADAS) and in-vehicle safety features is a major factor fueling demand for automotive sensors. Consumers now prefer vehicles that offer enhanced safety, convenience, and connectivity , pushing manufacturers to integrate more sensors into vehicle designs. Additionally, stringent regulatory policies aimed at improving vehicle safety and reducing emissions (such as NOx and carbon monoxide) are further accelerating sensor adoption. Regional Insights Asia-Pacific dominates the global automotive sensors market and is expected to remain the fastest-growing region during the forecast period. China has emerged as a global automotive production hub , significantly ...