Encryption Software Market Is Expected To Growing At A CAGR Exceeding 14% From 2016 To 2024

Global Encryption Software Market is expected to reach USD 8.402.9 million by 2024, according to a new study by Grand View Research, Inc. Organization vulnerabilities are on a rise with enterprises working through the disaggregated point solutions and a multitude of management platforms, which is anticipated to drive the encryption software market over the forecast period.

Encryption software enables the protection of confidentiality of the information stored in the database and data in transit as per the compliance and security requirements of any organization. 

This renders the data unreadable even to the authorized person, thereby enhancing the security of confidential data. Publicized data loss together with new governance and compliance regulations is expected to drive the need for customers to encrypt data. Organizational best practices point towards data encryption as a key solution for data privacy. However, the lack of budget is the key reason cited by organizations for being unable to make extensive investments in encryption solutions and this is presumed to challenge the industry demand.

Full Research Report on Global Encryption Software Market Analysis:
http://www.grandviewresearch.com/industry-analysis/encryption-software-market

Further key findings from the study suggest:

• The BFSI segment is anticipated to witness a healthy demand and penetration as these institutions are aggressively and proactively adopting these software solutions to secure confidential and sensitive information. The segment captured over 25% of the overall revenue share in 2015 and is anticipated to witness growth at a CAGR exceeding 16% from 2016 to 2024.
• In 2015, the on-premise deployment segment accounted for over 60% of the market share. The segment is expected to witness a substantial growth over the forecast period. This is ascribed to the growing need to minimize the scope of compliance audits along with avoiding public disclosures after a data breach.
• The disk encryption segment is anticipated to experience a growth at a CAGR exceeding over 15% from 2016 to 2024. This healthy growth is accredited to the increasing adoption of the disk coding software to secure desktop and laptops by encrypting all the data at rest on a hard drive.
• Europe is estimated to witness a modest growth over the forecast period, which is primarily attributed to the recovering economy resulting in demand across several end-use industries including retail, BFSI, manufacturing, healthcare, and telecom. The IT upgrades in the existing infrastructure are anticipated to spur the product demand over the next eight years.
• The industry is fragmented in nature with the presence several new and well-established players. A few notable players in the market include Bloombase, Microsoft Corporation, Symantec Corporation, Intel Security (McAfee), Sophos, Check Point Software Technologies, EMC Corporations, and Cisco Systems, among others. Since the industry is dynamic in nature with enterprises having to deal with several data security issues, companies focus on continuous product development in compliance with regulatory standards and evolving end-use requirements.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/network-security-software-and-services

Grand View Research has segmented the Global Encryption Software Market on the basis of deployment, application, end-use, and region:

Deployment Outlook (Revenue, USD Million, 2013 - 2024

• On-premise
• Cloud-based

Application Outlook (Revenue, USD Million, 2013 - 2024)

• Disk Encryption
• File/Folder Encryption
• Database Encryption
• Web Communication Encryption
• Network Traffic Encryption
• Cloud Encryption
• Others

End-Use Outlook (Revenue, USD Million, 2013 - 2024)

• BFSI
• Healthcare
• Retail
• Government & Public Administration
• Telecom
• Defense & Aerospace
• Education
• Manufacturing

Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-encryption-software-market            

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Empty Capsules Market Competitive Landscape By Company Overview, Financial Performance, Product And Strategic Initiatives 2013-2024

Global Empty Capsules Market is expected to reach USD 2.57 billion by 2024, according to a new report by Grand View Research, Inc. Key factors responsible for the growth are the increase in the geriatric population, proliferation of pharmaceutical, nutraceutical, and cosmeceutical industries, globally and the upsurge in the consumer preferences for capsules over tablets. 

The rising geriatric population count and the associated chronic conditions are expected to heighten the demand for the production of capsule-centric medications in the pharmaceutical and nutraceutical application areas. Moreover, the benefits associated with capsule consumption, such as ease of swallowing, faster absorption rates, and increased palatability are also expected to contribute significantly to the expansion of the market over the forecast period. 

The mushrooming of the pharmaceutical, nutraceutical, and cosmeceutical industries is expected to serve as a high impact rendering driver for the empty capsules market over the forecast period. 

The nutraceuticals aid in the prevention of certain chronic conditions and hence the consumption of these products has significantly increased over the past few years. For instance, nutraceuticals, such as omega-3 fatty acids, help in the prevention of cardiovascular conditions and the heightened accessibility to these low-cost vitamin supplements has reduced the incidences of vitamin deficiencies. 

In 2015, the gelatin capsules segment accounted for the highest revenue of nearly USD 1,172.3 million. This high revenue share is attributed to the following factors: sufficient availability of gelatin for the production process and the cost-effectiveness of gelatin capsules as compared to non-gelatin capsules, such as Hydroxypropyl methylcellulose (HPMC) capsules and pullulan or starch material capsules. 

However, the non-gelatin capsules segment is expected to emerge as the fastest growing category with a CAGR of 6.9% from 2016 to 2024. With the source of the non-gelatin capsules being vegetarian, the religious and cultural issues experienced in connection with capsules containing animal-derived inactive ingredients can be evaded; this factor is estimated to be primarily responsible for the large consumer base of this market over the forecast period.  

Full Research Report on Global Empty Capsules Market Analysis:
http://www.grandviewresearch.com/industry-analysis/empty-capsules-market

Further key findings from the study suggest:

• In 2015, the antibiotic and antibacterial drugs segment generated the largest revenue of USD 453.7 million owing to the surge in prevalence of a range of infectious diseases and chronic conditions worldwide. The vitamins and dietary supplements category is expected to exhibit the fastest growth rate of 7.8% over the forecast period.
• Global efforts to reduce malnutrition and vitamin deficiencies by various social welfare organizations and government agencies are expected to boost the usage rates over the forecast period.
• In 2015, North America dominated the empty capsules market with a revenue share of over 39.6% due to the high disease burden, the access to the latest drugs in this region, and the high consumption rate of nutraceutical and cosmeceutical products in this region. Increase in the geriatric population susceptible to varied conditions and disorders coupled with the burgeoning of various bacterial and viral infections is expected to improve the market penetration of various antibiotics, multivitamin supplements, and other drugs.
• The Asia Pacific region is estimated to grow with the highest CAGR of 7.9% over the forecast period. The increase in healthcare expenditure and the rise in per-capita disposable incomes are expected to improve the overall access to healthcare facilities and medicines across several developing countries in this region. Moreover, the upsurge in the prevalence of infectious diseases and chronic conditions in this region are also expected to positively reinforce the market growth over the forecast period.
• The market dynamics indicate the presence of strong competition amongst the key players, such as Capsugel, Inc., ACG Associated capsules Pvt. Ltd., JC Biological Technology Co. Ltd, CapsCanada Corporation, Medicaps Ltd., Qualicaps, Inc. (Mitsubishi Chemical Holdings Corporation), Patheon, Inc. (Banner Pharmacaps, Inc.), Roxlor LLC, Sunil Healthcare Ltd.(Sunloc Healthcare, Inc.), and Nectar Lifesciences Ltd.
• Furthermore, the increase in the demand for generic drugs and contract manufacturing services is expected to open up new avenues for the market growth over the forecast period. 

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/pharmaceuticals

Grand View Research has segmented the Global Empty Capsules Market by product, therapeutic application, end user and region: 

Global empty capsules market, by product (USD Million, 2013 - 2024)

• Gelatin Capsules
• Non-Gelatin capsules

Global empty capsules market by therapeutic application (USD Million, 2013 - 2024)

• Antibiotic and antibacterial drugs
• Vitamin and dietary supplements
• Antacids and antiflatulent preparations,
• Antianemic preparations,
• Anti-inflammatory and anti-rheumatic drugs,
• Cardiac therapy drugs,
• Cough and cold preparations

Global empty capsules market by end-user (USD Million, 2013 - 2024)

• Pharmaceutical industries
• Nutraceutical industries
• Cosmeceutical industries
• Research laboratories

Empty capsules market, by region (USD Million, 2013 - 2024)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• MEA
• South Africa

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-empty-capsules-market           

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Electrodes For Medical Devices Market Is Expected To Grow At A CAGR Of 11.3% During The Forecast Period 2014-2025

Global Electrodes For Medical Devices Market is expected to reach USD 2.0 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to witness lucrative growth during the forecast period, owing to increasing prevalence of chronic and other diseases such as heart diseases, Parkinson’s Disease (PD), Alzheimer’s disease, brain disorders, Trigeminal Neuralgia (TN or TGN), sinusitis, tinnitus, Raynaud's disease, fibromyalgia, circulatory disturbances, gout, and body ache, across the globe. 

Minimally Invasive Surgery (MIS) is one of the advancements in medical technology in which small incisions are made in the body for laparoscopy, endoscopy, arthroscopy, and other surgical procedures. This procedure is gaining popularity owing to faster recovery, lesser postsurgical infections, pain, & major bleeding, reduced scarring, and high accuracy benefits. In 2015, over 20.0 million Americans underwent MIS, which is expected to assist in the growth of this vertical during the forecast period.

Full Research Report on Global Electrodes For Medical Devices Market Analysis:
http://www.grandviewresearch.com/industry-analysis/electrodes-medical-devices-market

Further Key Findings From the Study Suggest:

• The diagnostic segment held a profitable revenue share in 2016 and is expected to grow at a significant rate over the forecast period.
• Rising prevalence of heart diseases, fetal distress syndrome, ocular diseases, and neurological disorders make extensive use of Electrocardiogram (ECG), Electroencephalogram (EEG), electrosurgical, and fetal scalp electrodes
• The therapeutic segment is anticipated to witness the fastest growth over the forecast period due to widened use of medical electrodes in aesthetic surgeries, RF ablation procedures, neurosurgical procedures, and acute & chronic pain treatments
• Defibrillator and electrosurgical electrodes are projected to hold substantial market share over the forecast period. This can be attributed to the advanced development of wearable defibrillator that constantly monitors the cardiac rhythms of the wearer and identifies & notifies the user about the occurrence of any abnormality and helps regain the normal heart functionality
• North America is expected to dominate the medical electrodes market during the forecast period, owing to the rising prevalence of CVDs, changing lifestyle of individuals, and presence of target population in the U.S. and Canada. In addition, the presence of advanced technologies with electrodes such as hydrogel and dry electrodes in the region are expected to spur the medical electrodes market growth.
• Some of the key players in medical electrodes market are 3M Healthcare; Boston Scientific Corporation; GE Healthcare; C.R Bard Inc.; CONMED Corporation; Medtronic; Natus Medical Incorporated; Thermo Fisher Scientific Inc.; Asahi Kasei Corporation; and Philips Healthcare

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the Global Electrodes For Medical Devices Market on the basis of type and region:

Electrodes For Medical Devices Type Outlook (Revenue, USD Million, 2014 - 2025)

• Diagnostics
• Electrocardiogram (ECG)
• Electroencephalogram (EEG)
• Electromyogram (EMG)
• Electroretinogram (ERG)
• Fetal Scalp
• Other
• Therapeutics
• Pacemaker
• Transcutaneous Electrical Nerve Stimulator (TENS)
• Defibrillator
• Electrosurgical
• Other

Electrodes For Medical Devices Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• Middle East and Africa (MEA)
• South Africa

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-electrodes-medical-devices-market       

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

MRAM (Magneto Resistive RAM) Market IS Segmented On The Basis Of Type, Application, And Region 2014-2025

Global Magneto Resistive RAM (MRAM) Market is expected to reach USD 4.80 billion by 2025, according to a new study by Grand View Research, Inc. Non-volatile memories, such as MRAM and Resistive random Access Memory (RRAM/ReRAM), are expected to replace the existing volatile memories such as Dynamic Random Access Memory (DRAM) and Static Random-Access Memory (static RAM or SRAM). The replacement would be possible due to different benefits offered by the advance non-volatile memories. The existing flash memories are facing technological limits; and their further advancements are expected to increase their costs, thus, leading to the invention of non-volatile memories that are capable of avoiding data loss on power discharge.

The standalone markets, such as wearables, embedded Multipoint Control Unit (MCU)s, smart cards, and storage class memories for enterprise storage, are expected to offer immense opportunities to the market.

The first generation MRAM and second generation Spin-Transfer Torque MRAM (STT-MRAM) are expected to replace traditional DRAMs and SRAMs. Initially, the prices associated with these memories are expected to be high, which would reduce with the increasing rates of developments.

Moreover, the increasing demand of these memories is predicted to promote the demand for equipment, used in their manufacturing. The manufacturing of these memories require specialized fabrication equipment, similar to those used in magnetic read sensors. Thus, promoting the growth of capital equipment required for manufacturing of non-volatile memories equipment.

The market may face challenges due to its complex structure and high costs of manufacturing of memories. However, these challenges can be circumvented by technological advancements and increased production.

Full Research Report on Global Magneto Resistive RAM (MRAM) Market Analysis:
http://www.grandviewresearch.com/industry-analysis/magneto-resistive-ram-random-access-memory-mram-market

Further key findings from the study suggest:

• The North American region dominated the market, accounting for more than 36% of the total market revenue, owing to the presence of leading players and growing R&D activities
• STT-MRAM is expected to maintain market dominance due to its wide application, higher performance, thermal stability, and greater compatibility
• The Asia Pacific region is predicted to emerge as the fastest-growing market due to the increased penetration of cloud computing and improvements in the present infrastructures of data centers, in developing nations
• Strategic partnerships accompanied, by the increasing innovation and research & development activities, are being observed in the industry
• The prominent vendors operating in the market include Avalanche Technology, Inc., Everspin Technologies, Inc., Spin Transfer Technologies, Toshiba Corporation, and Crocus Nano Electronics LLC

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global Magneto Resistive RAM (MRAM) market based on type, application, and region:

MRAM Type Outlook (Revenue, USD Million; 2014- 2025)

• Toggle MRAM
• Spin-Transfer Torque MRAM (STT-MRAM)

MRAM Application Outlook (Revenue, USD Million; 2014 - 2025)

• Consumer Electronics
• Robotics
• Automotive
• Enterprise Storage
• Aerospace & Defense
• Others

MRAM Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• Europe
• Russia
• Asia Pacific
• RoW

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-magneto-resistive-ram-random-access-memory-mram-market         

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Carboxymethyl Cellulose Market Report Covers Volume And Revenue Forecast, Company Share, Competitive Landscape, Growth Factors And Trends 2014-2025

Global Carboxymethyl Cellulose Market is expected to reach USD 1.86 billion by 2025, according to a new report by Grand View Research, Inc. The increasing consumption of cosmetics, skin care, hair care, and other personal care products globally is estimated to drive the market demand over the years ahead. In addition, the growing rate of adoption among consumers regarding the use of natural and eco-friendly personal care products is likely to enhance the consumption of carboxymethyl cellulose (CMC) or cellulose gum, mainly as a binding and stabilizing agent, in the next couple of years.

In terms of revenue, the cosmetic & application segment accounted for an industry share of 14.7% in 2016. Changing lifestyles and improving disposable income of consumers across various countries in the Asia Pacific region including India, China, and Malaysia are expected to enhance the growth of cosmetics and pharmaceutical industries in the next couple of years. Major cosmetics manufacturers are significantly investing in R&D and focusing on the implementation of new product branding and other marketing strategies to accelerate personal care sales across the globe.

CMC is incorporated as a key ingredient in various personal care products including creams, lotions, shampoos, face creams, and cold creams. Good binding, thickening, and stabilizing properties are the key attributes of this product owing to which it is increasingly being used in the processing of cosmetic formulations. Additionally, it owing to its property to impart moisture, the product is favorably consumed in the manufacturing of personal care products such as hair care and skin care goods. The usage of cellulose gum is not only limited to topical lotions, creams, and shampoos but it is also incorporated in the manufacturing of toothpaste, as it provides smooth texture, possesses excellent salt tolerance, and acid resistance.

Full Research Report on Global Carboxymethyl Cellulose Market Analysis:
http://www.grandviewresearch.com/industry-analysis/carboxymethyl-cellulose-cmc-market

Further key findings from the report suggest:

• Food & beverage application is estimated to be one of the fastest growing segments and is likely to expand at a CAGR of 5.3% over the forecast period. Significant utilization as a stabilizer and texture enhancer in bakery products is considered to be the major driving factor for cellulose market.
• Advancements in the processing and manufacturing technologies of CMC are likely to provide significant scope for demand by 2025. The introduction of cellulosic nanofibers for the manufacturing of CMC is projected to positively impact the industry growth.
• Asia Pacific held the largest demand in the cellulose gum market as of 2016. Rapid expansion of food & beverage and pharmaceutical sectors in the region coupled with the presence of a broad consumer base is estimated to drive the industry growth by 2025.
• Akzo Nobel N.V., CP Kelco, Ashland, Inc., Daicel FineChem Ltd., and The Dow Chemical Company are the key players that collectively accounted for more than 30% market share of the global industry in 2016
• Companies are implementing various strategies to mainly strengthening their distribution and significantly investing in research & development in order to enhance their business growth. Furthermore, Daicel FineChem Ltd. and The Dow Chemical Company are among the manufacturers that have fully integrated business operations across the value chain.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/specialty-and-fine-chemicals

Grand View Research has segmented the Global Carboxymethyl Cellulose Market on the basis of product, livestock, and region:

Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• Cosmetics & pharmaceuticals
• Food & beverages
• Oil & gas
• Paper & board
• Paints & adhesives
• Detergents
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• France
• Italy
• Asia Pacific
• China
• Central & South America
• Brazil
• Middle East & Africa

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-carboxymethyl-cellulose-cmc-market   

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Microwave Devices Market Is Segmented On The Basis Of Band Frequencies, Applications, And Regions 2024

Global Microwave Devices Market is estimated to reach USD 11.86 billion by 2024, according to a new study by Grand View Research, Inc. The increasing demand from military and defense industry is expected to drive the market growth over the forecast period. Radar systems use these devices for navigation and air surveillance.

Technological proliferations, in the medical industry, are anticipated to enable the use of advanced technologies such as microwave ablation. This technology uses a microwave, which is focused on the infected tissue and heated, to avoid excess nerve damage. Furthermore, these devices are also used to remove unwanted tissue mass such as a tumor. They are widely used in medical applications, owing to their short wavelengths, which reduce excessive surface penetration, and ability to allow precise ablations. The devices are mainly used in treating diseases such as skin cancers, uterine fibroids, and corneal ablation.

The growing usage of mobile phones, mainly in the emerging economies, is enabling the use of microwave devices, owing to their high frequencies that allow data transmission over long distances. Advancements in healthcare facilities are expected to further improve the market growth in these regions, due to increased production of low-cost and affordable medical devices. The North American region has developed medical infrastructure and the latest technologies for facilitating extensive use of these devices.

Full Research Report on Global Microwave Devices Market Analysis:
http://www.grandviewresearch.com/industry-analysis/microwave-devices-market

Further key findings from the study suggest:

• The increased implementation of C-band in weather radar systems, Wi-Fi, and satellite communication is anticipated to drive the market growth. This growth is characterized by optimum performance, in terms of low signal loss and high frequency range.
• The increasing need for Unmanned Ariel Vehicles (UAV) for collecting ground information and radar systems for navigation are anticipated to increase the demand for microwave devices
• The medical segment is the fastest-growing application segment and is expected to witness a significant growth with a CAGR of 6% over the forecast period
• Technological advancements, in cancer detecting imaging systems, depend on these devices for advanced diagnostics and treatment
• The increasing usage of mobile handsets is promoting the use of microwave devices, such as frequency emitting towers and satellites, for sending and receiving data signals
• The spending on healthcare services in the APAC region is growing, owing to the aging population that requires and demands cost-effective medical facilities, increasing the demand for microwave products such as imaging systems.
• The key industry participants include Communications & Power Industries LLC, Cytec Corporation, e2V, L-3 Communication systems, MicroWave Technology, Inc., RFMD, Richardson Electronics, Ltd., Teledyne Technologies, Inc., Thales Group, TMD Technologies Ltd., and Toshiba Corporation, among others

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the Global Microwave Devices Market based on band frequencies, applications, and regions:

Microwave Devices Band Frequency Scope (Revenue, USD Million; 2014 - 2024)

• S-Band
• C-Band
• X-Band
• Ku-Band
• Ka-Band

Microwave Devices Band Application Scope (Revenue, USD Million; 2014 - 2024)

• Communication
• Medical
• Military & Defense
• Others

Microwave Devices Band Regional Scope (Revenue, USD Million; 2014 - 2024)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East and Africa (MEA)

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-microwave-devices-market       

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Europe Polyurethane (PU) Market Is Expected To Growing At A CAGR Of 3.8% From 2016 To 2024

Europe Polyurethane (PU) Market is expected to reach USD 26.24 billion by 2024, according to a new report by Grand View Research, Inc. Growing need for sustainable construction in the region is a key driving factor for industry growth. 

The industry is primarily driven by growth in end-use industries such as construction, automotive & transportation and furniture & bedding. Reinforcement of construction industry in the European region is anticipated to be the key driving factor over the forecast period. Eastern European countries such as Hungary, Poland and Slovakia are anticipated to witness significant growth regarding construction spending which in turn is expected to drive rigid polyurethane foam demand. 

Rigid foam was the highest consumed product and accounted for over 30% of the European market volume in 2015. EU regulations towards energy efficiency of households and financial incentives aimed at improving insulation and cutting down on energy costs is expected to drive the product’s growth. It is also expected to witness the highest growth of 4.0% over the forecast period.

Full Research Report on Europe Polyurethane (PU) Market Analysis:
http://www.grandviewresearch.com/industry-analysis/europe-polyurethane-pu-market

Further key findings from the report suggest:

• Europe polyurethane market size was 4.91 million tons in 2015 and is expected to reach 6.90 million tons by 2024, growing at a CAGR of 3.8% from 2016 to 2024.
• Construction was the largest consumer of polyurethanes and accounted for over 35% of the overall volume in 2015. Electronics & appliances is expected to witness the highest growth of 5.3% over the forecast period.
• Germany was the leading consumer with demand share estimated at 17.4% in 2015. Being a major automotive manufacturing hub and exporter of passenger cars, rigid foams were the dominant product consumed in the country. The product accounted for nearly 30% of Germany’s PU consumption in 2015.
• Russia is expected to witness the highest growth of 4.3% over the forecast period. High construction output and growth of automotive industry is expected to drive the regional market.
• Key players operating in Europe PU market include BASF, The Dow Chemical Company, Bayer Material Science, Huntsman Corporation, Nippon Polyurethane Corporation Ltd., Foamex International and Evonik Industries.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins

Grand View Research has segmented the Europe Polyurethane (PU) Market on the basis of product, end-use and region:

Europe Polyurethane (PU) Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 - 2024)

• Rigid Polyurethane Foam
• Flexible Polyurethane Foam
• Polyurethane Coatings
• Adhesives & Sealants
• Polyurethane Elastomers
• Sprayed Polyurethane Elastomers
• Cast Polyurethane Elastomers
• Others
• Others

Europe Polyurethane (PU) End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 - 2024)

• Furniture & Bedding
• Construction
• Electronics & Appliances
• Automotive
• Footwear
• Packaging
• Others

Europe Polyurethane (PU) Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 - 2024)

• Germany
• UK
• France
• Italy
• Spain
• Belgium
• Russia
• The Netherlands
• Rest of Europe

View Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/europe-polyurethane-pu-market-analysis             

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com