Bulk Chemical Industry reports: February 2025

Thursday, 27 February 2025

Hospital Services Market Size is Predicted to Witness 4.35% CAGR till 2030

The global Hospital Services Market size is anticipated to reach USD 5.71 trillion by 2030 and is anticipated to grow at a CAGR of 4.35% from 2024 to 2030, according to a new report by Grand View Research, Inc. This is attributed to the rapidly aging population and changes in population demographics. In addition, the increasing prevalence of chronic conditions such as diabetes, cardiac disorders, and cancer is driving the demand for hospital-based care globally. According to the Global Burden of Disease (GBD) study, in 2021, around 7.26 billion people globally suffered from chronic diseases (non-communicable diseases), substantially increasing from 7.10 billion people in 2019.

Moreover, government policies and insurance coverage changes directly impact access to hospital services globally. Policies promoting or mandating healthcare coverage are expected to increase hospital service use. The Affordable Care Act and other government programs such as Medicare and Medicaid have expanded insurance coverage to million more individuals in the U.S. This increased overall demand for medical services, resulting in higher utilization of hospital care, is expected to contribute to the market's growth over the forecast period. For instance, in April 2022, the Department of Health and Human Services (HHS) launched new measures to improve accessibility and tracking of affordable coverage on HealthCare.gov. The major policy changes include advancing standardized plan options, implementing new network adequacy requirements, increasing coverage value for consumers, increasing access for patients, removing major barriers to coverage, and expanding access to essential community providers.

List of Key Players in the Hospital Services Market

Apollo Hospitals Enterprise Ltd.
Max Healthcare
West Suffolk NHS Foundation Trust
Royal Papworth Hospital NHS Foundation Trust
Cedars-Sinai
UCLA Medical Centers
The Johns Hopkins Hospital
Mayo Clinic
Keio University (Medical Services)
THE ROYAL MELBOURNE HOSPITAL
Burjeel Holdings

Request a free sample copy or view report summary: Hospital Services Market Report

Hospital Services Market Report Highlights

Based on type, the inpatient services segment held the largest market share in 2023. The demand for more comprehensive care services and the availability of advanced technologies, such as improved diagnostic tools and treatment devices in the settings, contributes to the segment's high share.
Based on ownership, the publicly/government-owned segment accounted for the largest revenue share in 2023. This is attributed to the high hospital patient volumes due to lower or subsidized costs compared to private hospitals. Moreover, government funds and support enable hospitals to offer services at lower or subsidized costs.
Asia-Pacific dominated the market in 2023 due to the high demand for hospital services from the rapidly aging patient cohort and the high prevalence of chronic conditions. Moreover, growing medical tourism in countries such as Thailand, India, and Singapore due to lower treatment costs is expected to drive market growth in the region.

Hospital Services Market Segmentation

Grand View Research has segmented the global hospital services market based on type, ownership, and region:

Hospital Services Type Outlook (Revenue, USD Billion, 2018 - 2030)

Inpatient Services

Cardiovascular Disorders
Cancer
Musculoskeletal Diseases
Emergency & Trauma
Respiratory Disorder
Gastroenterology
CNS Disorders
Pregnancy and Postpartum Care
Urology & Nephrology Disorders
Others

Outpatient Services
Ancillary Services

Hospital Services Ownership Outlook (Revenue, USD Billion, 2018 - 2030)

Publicly/Government-owned
Not-for-profit Privately owned
For-profit Privately owned

Hospital Services Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

U.S.
Canada
Mexico

Europe

UK
Germany
France
Italy
Spain
Sweden
Denmark
Norway

Asia Pacific

Japan
China
India
Australia
Thailand
South Korea

Latin America

Brazil
Argentina

South Africa
Saudi Arabia
UAE
Kuwait

About Us:
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Hydrofluoric Acid Market By Daikin; Dongyue Group; Sinochem; Yingpeng Chemical; Honeywell International Inc.

The global Hydrofluoric Acid Market size is expected to reach USD 1.69 billion by 2030, according to a new study by Grand View Research, Inc. The market is estimated to witness a CAGR of 5.6% during the forecast years. Increasing the consumption of hydrofluoric acid in the production of fluorochemicals and fluorine components worldwide is likely to boost the demand over the forecast period. It is an aqueous form of hydrogen fluoride and is mainly used for industrial purposes, such as metal cleaning, glass etching, and electronics production among others. It is also used in home rust removers. There are mainly two grades of the product available in the market; anhydrous and diluted hydrofluoric acid. The demand for anhydrous hydrofluoric acid is rising as it is less toxic and provides better quality at low temperatures.

A rise in the production level of fluorochemicals in the U.S. and Germany is further favoring the global demand. In the Asia Pacific region, the increasing production of fluorocarbons and the presence of large-scale manufacturers are expected to boost the market growth. The product demand is anticipated to rise in India during the forecast period on the account of the increasing production of aluminum and aluminum products wherein hydrofluoric acid is a key raw material. The global market is highly fragmented with the presence of numerous players in both developed and developing economies. Key players are focusing on mergers and acquisitions to increase their presence throughout the value chain. The majority of the industry players are focusing on product advancements aiming at the development of new products with eco-friendly characteristics to cater to a broader application market.

List of Key Players of Hydrofluoric Acid Market

Daikin
Dongyue Group
Sinochem
Yingpeng Chemical
Honeywell International Inc.
Stella Chemifa Corp.
Koura Global
Lanxess
Solvay

Request a free sample copy or view report summary: Hydrofluoric Acid Market Report

Hydrofluoric Acid Market Report Highlights

The anhydrous grade segment accounted for the largest share of the global revenue in 2021 due to the rising demand in various applications, such as surfactants, fluorochemicals, and metal cleaners among others
Metal pickling emerged as the fastest-growing application segment in 2021 and is likely to witness a steady CAGR from 2022 to 2030 due to the high growth in steel production in the past few years
Fluorocarbon emerged as the largest application segment in 2021 due to the increased production levels across different countries including China, India, the U.S., and Germany
Moreover, the rising demand for air conditioning and refrigerating systems is expected to drive the segment
Asia Pacific is projected to witness the fastest CAGR over the forecast period due to the abundance of raw material along with the presence of numerous large-scale manufacturers

Hydrofluoric Acid Market Segmentation

Grand View Research has segmented the global hydrofluoric acid market on the basis of grade, application, and region:

Hydrofluoric Acid Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Anhydrous
Diluted

Hydrofluoric Acid Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Fluorocarbon
Fluorinated Derivatives
Metal Picking
Glass Etching
Oil Refining
Others

Hydrofluoric Acid Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

The U.S.
Canada
Mexico

Europe

U.K.
Germany
France
Italy

Asia Pacific

China
India
Japan
South Korea

Central & South America

Brazil
Argentina

Middle East & Africa

South Africa
Saudi Arabia

Wednesday, 26 February 2025

Laptop Carry Case Market Size is Predicted to Witness 6.5% CAGR till 2030

The global Laptop Carry Case Market size is expected to reach USD 2.78 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.5% from 2022 to 2030. The growth is attributed to the rising acceptance of carry cases as a medium to prevent damage to laptops and tablets while traveling along with increasing fashion consciousness and tech-savviness among consumers. Key innovations such as multi-storage devices, GPS tracking, anti-theft protection, built-in power supply, and device status notification control are adopted by companies to boost market growth.

Rising consumer demand for lightweight laptop carry cases is driving companies to increase spending on the introduction of new products targeted at corporates as well as students. Additionally, the increasing number of online stores as a result of the expanding buyer base of smartphones is expected to promote easy product access, irrespective of geographical boundaries. The corporate workforce primarily uses laptop backpacks while traveling either from home or to client locations. Manufacturers are offering warranty services to consumers to establish better customer relationships.

The backpack product segment held the largest revenue share in 2021 owing to high product adoption among students and business class. Backpacks have become a crucial element in an individual’s daily routine, and it is mostly because they can carry many items such as a laptop, tablets, phones, water bottles, and other items that one would need at the office, or café, or park. Backpacks have a functional design that makes them popular with students and corporate employees. Backpacks with padded edges and pockets provide protection to gadgets stored in them and dividing weight across two shoulders reduces the unease of carrying bigger laptops during travel.

The offline distribution channel segment accounted for the largest revenue share in 2021. The global retail landscape looks quite different today than it did almost a decade ago because the consumers’ way of making purchase decisions has altered dynamically. Well-established laptop carry case companies find supermarkets and hypermarkets a feasible option to market their brands and attract consumers that are willing to pay higher prices for their products. Small retailers are looking for opportunities to establish and maintain an effective retail chain.

The Asia Pacific is estimated to witness significant growth over the forecast period. Several variables are responsible for the increase in demand for laptop carry cases, including rising disposable income and increased expenditure on technological gadgets. The increasing use of computers for personal and commercial purposes in the region is driving the need for laptop carry cases. Developing nations in the Asia Pacific, such as India and China, are witnessing significant adoption of laptops among their youth population, which is directly adding to the need for laptop carry cases. The market for laptop carry cases is characterized by the presence of a few well-established players.

List of Key Players of the Laptop Carry Case Market

Samsonite International S.A.
Targus
ACCO Brands
SWISSGEAR
ASUSTeK Computer Inc.
Fabrique LTD.
Thule Group
Sanwa Supply Inc.
Lenovo
Belkin International, Inc.

Request a free sample copy or view the report summary: Laptop Carry Case Market Report

Laptop Carry Case Market Report Highlights

Asia Pacific is expected to expand at the fastest CAGR during the forecast period owing to the rising demand for laptop backpacks among students and employees, coupled with the increasing number of schools, colleges, and offices in the region
The backpack product segment is expected to expand at the highest CAGR from 2022 to 2030 since they have become a crucial element in an individual’s daily routine, and it is mostly because they can carry many items such as a laptop, tablets, phones, water bottles, and other items that one would need at the office, café, or park
The offline distribution channel segment accounted for the largest revenue share of over 60.0% in 2021 as well-established laptop carry case companies find supermarkets and hypermarkets a feasible option to market their brands and attract consumers that are willing to pay higher prices for their products

Laptop Carry Case Market Segmentation

Grand View Research has segmented the global laptop carry case market based on product, distribution channel, and region:

Laptop Carry Case Product Outlook (Revenue, USD Million, 2017 - 2030)

Backpack
Messenger Bags
Sleeves
Briefcase
Rollers

Laptop Carry Case Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

Online
Offline

Laptop Carry Case Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

U.S.
Canada
Mexico

Europe

U.K.
Germany
France
Italy
Spain

Asia Pacific

China
Japan
India
Australia & New Zealand
South Korea

Central & South America

Brazil

Middle East & Africa

South Africa

Monday, 17 February 2025

Nickel Market By Anglo American Plc; BHP; Eramet; Glencore; IGO Ltd.; Metallurgical Corp. of China Ltd.

The global Nickel Market size is expected to reach USD 29.15 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% over the forecast period. The market is likely to be driven by investments in the stainless steel industry, as nickel is one of the key materials required for the production of stainless steel (SS). In September 2023, Jindal Stainless announced an investment of USD 1 billion in Rathi Super Steel to focus on the infrastructure sector. Earlier this year, Jindal acquired Rathi Super Steel for USD 2 billion and plans to expand the company’s production capacity from 150 kilotons to 200 kilotons. The company also aims to diversify its product portfolio to produce bars and rebars. The government policies to reduce the dependence on China for raw materials are expected to benefit the nickel producers in other countries.

For instance, in July 2023, the Indian government initiated a new stainless-steel policy, which aims to increase the current domestic SS production capacity from 6.6 million tons to 30 million tons by 2047. The country expected to diversify its supply portfolio for nickel, chromium, and silicon from China to other countries. This is anticipated to boost the nickel demand over the long term. Construction & infrastructure investments are projected to boost the stainless-steel demand, thus positively impacting the market growth. For instance, in August 2023, the Brazilian government announced its plan to spend USD 200 billion on transportation, energy, and infrastructure over the next four years. This move aims to boost Brazil’s economic growth and create new employment in the country.

Investments in mining companies to secure the nickel supply chain are expected to remain a major trend in the market. In November 2022, U.S. President Joe Biden revealed the country’s new investment of USD 30 million in TechMet, a mining company in Brazil. The company processes nickel and cobalt minerals. This move of the U.S. government aims to reduce the dependency on materials from China. In August 2023, Wave Nickel announced an investment of USD 440 million for the refinery to produce nickel sulfate for EV batteries. The company expects to produce 40 kilotons of precipitate to produce, enough to manufacture 20 kilotons of nickel. The company aims to secure the supply of strategic minerals in the U.S., as there are limited projects in this space.

List of Key Players in Nickel Market

Anglo American Plc
BHP
Eramet
Glencore
IGO Limited
Metallurgical Corporation of China Ltd
Norlisk Nickel
Rio Tinto
South32 Limited
Vale

Request a free sample copy or view report summary: Nickel Market Report

Nickel Market Report Highlights

The non-ferrous application segment is expected to grow at a lucrative CAGR from 2023 to 2030. The demand for nickel-based superalloys in marine, aerospace & defense, and machinery industries is projected to assist the market growth
The SS segment dominated the market with a revenue share of over 63% in 2022. The segment growth is attributed to the rising demand from the consumer durables, automotive, and construction industries
Asia Pacific was the largest regional market in 2022 with a revenue share of over 71%. The product demand in the region is driven by large industry sectors in countries, such as China, India, Japan, and South Korea
The global market is fragmented with medium- and large-scale companies having a strong presence in Australia, Russia, South Africa, and Canada

Nickel Market Segmentation

Grand View Research has segmented the global nickel market on the basis of application, and region:

Nickel Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Stainless-steel
Non-ferrous Alloys
Plating
Batteries
Others

Nickel Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Russia

Asia Pacific

China
Japan
India
South Korea

Central & South America

Brazil

Middle East & Africa

South Africa

Friday, 7 February 2025

Food Grade Lubricants Market Size is Predicted to Witness 9.5% CAGR till 2030

The global Food Grade Lubricants Market size is estimated to reach USD 764.0 million by 2030, registering to grow at a CAGR of 9.5% from 2025 to 2030 according to a new report by Grand View Research, Inc. The growth is majorly driven by rising demand from end-use industries and rising awareness for sustainable alternatives over petrochemical feedstock such as bio-based products coupled with expanding the food and beverages industry.

Bio-based lubricants have registered comparatively slower market growth in the past couple of decades due to their limited application scope, poor public image, higher prices, performance shortcomings, and more. However, with increased supply of high-performance, technologically advanced, cost-competitive lubricating products based on petroleum-based feedstock’s, synthetic bio-based formulations, the demand for bio-based products is picking up pace and is likely to achieve the highest growth rate over the coming years.

The market is expected to grow continuously over the coming years owing to increasing demand from end-use industries such as foods, beverages, cosmetics, pharmaceuticals, and others, coupled with favorable government regulations, specifically in the Asia Pacific, Latin America, and the Middle East region. Products such as mineral oils, synthetic, and bio-based oils are widely used in various applications such as dairy, confectionery, sports drinks, bakery, and carbonated soft drinks.

In terms of supply and demand at a global level, manufacturers are inclined toward raw material procurement as the key raw materials used for the production: synthetic, mineral oils, and bio-based products are used in the formulation of lubricants. Major oil & gas companies are integrated manufacturers, which ensure steady raw material supply to manufacture mineral oils & additives needed for the production of lubricating oil products.

Increasing demand for grease and lubricants in modern machinery is expected to boost the overall market growth in European countries such as Russia, France, and Spain with well-established and developed manufacturing sectors. Consumers in the region are more aware of the health benefits of processed foods items which, in turn, is anticipated to positively impact the market demand over the forecast period. Moreover, advancements in the manufacturing sector, especially food processing, are likely to positively impact the growth of the product in the region.

List of Key Players in Food Grade Lubricants Market

Exxon Mobil Corporation
CITGO Petroleum Corporation
FUCHS
TotalEnergies
Petro-Canada (Suncor Energy Inc.)
Klüber Lubrication (Freudenberg SE)
SKF
LANXESS
JAX Incorporated
Calumet, Inc.
Shell plc
Chevron Corporation
Clearco Products Co, Inc.
CONDAT
Dow
ELBA LUBRICAITON INC USA
Engen Petroleum LTD
Matrix Specialty Lubricants
The Chemours Company
The Lubrizol Corporation

Request a free sample copy or view report summary: Food Grade Lubricants Market Report

Food Grade Lubricants Market Report Highlights

The mineral segment accounted for the largest share of 61.0% in 2024. The growing demand for high-purity, food-grade lubricants to meet stringent safety standards is a key driving factor for the mineral food-grade lubricants market.
The food segment held the largest market share of 62.4% in 2024. It comprises bakery, confectionery, dairy, meat, poultry & seafood, sauces & dressings, and others.
The beverages segment is expected to register the fastest CAGR of 10.1% during the forecast period.
The Europe food grade lubricants market held the largest revenue share of 40.3% in 2024, which can be attributed to the significant size and growth of the food and drink industry.

Food Grade Lubricants Market Segmentation

Grand View Research has segmented the global food grade lubricants market based on product, application, and region:

Food Grade Lubricants Product Outlook (Revenue, USD Million, 2018 - 2030)

Mineral
Synthetic
Bio-Based

Food Grade Lubricants Application Outlook (Revenue, USD Million, 2018 - 2030)

Food

Bakery
Confectionery
Dairy
Meat, Poultry, & Seafood
Sauces & Dressings
Others

Beverages

Carbonated Soft Drinks
Fruit Beverages
Sports Drinks
Alcoholic Beverages
Others

Pharmaceuticals
Cosmetics
Others

Food Grade Lubricants Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.
Canada
Mexico

Europe

Germany
UK
France
Italy
Spain
Russia

Asia Pacific

China
Japan
India
South Korea
Southeast Asia

Latin America

Brazil
Argentina
Colombia
Peru

Middle East and Africa (MEA)

Saudi Arabia
South Africa

Tuesday, 4 February 2025

Conformal Coatings Market Growth, Opportunities and Forecast To 2030

The global Conformal Coatings Market size is anticipated to reach USD 1,493.46 million by 2030, according to a new report by Grand View Research, Inc., advancing at a CAGR of 5.9% during the forecast period. The global conformal coatings market is anticipated to grow with the development in aerospace, automotive, consumer electronics, and medical applications across the globe. Rising expectations regarding automation in the abovementioned applications have driven the demand for electronic devices & equipment.

The conformal coatings provide improved product characteristics, including high heat, dust, moisture resistance, corrosion resistance, and improved overall durability. The use of conformal coating has driven the demand for high-quality dispensing mechanisms to dispense conformal coatings effectively, since poor dispersion results in cracks in the coating layer and affects PCB functions. In January 2021, Delta Electronics, Inc. provided a PCB conformal coating dispensing and inspection solution to an electronic automotive component manufacturer in Tianjin, China. The mechanism dispenses coatings through a nozzle and triggers an alarm in case of insufficient or improper dispensing.

Players in the conformal coatings market are adopting merger & acquisition initiatives to expand their reach. For instance, in May 2021, Element Solutions, Inc. acquired H.K. Wentworth Limited, a U.K.-based company involved in manufacturing conformal coatings, thermal management materials, electronic cleaning solutions, and encapsulation resins. The company has a presence in over 55 countries and caters to end-user markets, including aerospace & defense, medical, telecommunications, and consumer electronics. This acquisition can help Element Solutions, Inc. to expand its conformal coatings manufacturing capacity in various end-use markets.

Due to the presence of several players in the conformal coatings market, the competitive rivalry is high. Conformal coating manufacturers collaborate with other market players to increase their market share. For instance, in May 2021, Dymax and HZO, Inc. entered into a strategic alliance to facilitate joint product development, formulate existing coating solutions, and accelerate market reach. Dymax is involved in producing conformal coatings, and such initiatives can strengthen its position in the conformal coatings market.

List of Key Players in the Conformal Coatings Market

Henkel AG & Co. KGaA
Chemtronics
Shin-Etsu Chemical Co., Ltd.
Dow
H.B. Fuller Company
Chase Corp
Electrolube
Europlasma NV
MG Chemicals
KISCO LTD
Dymax Corporation
ALTANA AG
ACC Silicones Limited
CSL Silicones Inc.
Aalpha Conformal Coatings

Request a free sample copy or view report summary: Conformal Coatings Market Report

Conformal Coatings Market Report Highlights

The global conformal coatings market was valued at USD 930.89 million in 2021 and is estimated to expand at a CAGR of 5.9% from 2022 to 2030
Consumer electronics in the application segment is expected to witness the highest CAGR of 6.3% during the forecast period, in terms of revenue. This can be attributed to the increasing awareness of consumers regarding the Internet of Things (IoT) and the new upgraded product launches by consumer electronics product manufacturers
Acrylic dominated the product segment and accounted for more than 47.0% share of the overall revenue in 2021. This high share is attributed to its properties like the ease of application and removal during rework and quick-drying, as compared to its counterparts, thereby augmenting the market growth for acrylic conformal coatings
Increasing automation across end-use industries is expected to pave the way for complex adaptive systems, multi-processing, cloud-based supervisory control, and data acquisition (SCADA) systems, and programmable automation controllers (PACs), which are expected to impact the market for conformal coatings positively
Asia Pacific accounted for more than a 51.0% share of the overall revenue in 2021 in the thermal spray coatings market. Its thermal spray coatings market is expected to witness a growth of 6.4% to reach a net worth of USD 800.90 million by 2030

Conformal Coatings Market Segmentation

Grand View Research has segmented the global conformal coatings market based on product, application, and region:

Conformal Coatings Product Outlook (Revenue, USD Million, 2019 - 2030)

Acrylic
Epoxy
Urethane
Silicone
Parylene

Conformal Coatings Application Outlook (Revenue, USD Million, 2019 - 2030)

Consumer Electronics
Automotive
Medical
Aerospace & Defense
Others

Conformal Coatings Regional Outlook (Revenue, USD Million, 2019 - 2030)

North America

U.S.

Europe

Germany
U.K.

Asia Pacific

China
India
Japan

Central & South America

Brazil

Middle East & Africa