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Efficiency and Cost Optimization: The Future of Lubricants & Greases Procurement

Lubricants & Greases Category Overview

The lubricants & greases category is anticipated to grow at a CAGR of 4.0% from 2023 to 2030. The growth is attributed to the rising trade of vehicles & spare parts and the demand for automotive oils. There is a significant increase in the utilization of eco-friendly industrial lubricants & greases due to rising environmental awareness which has resulted in the need of more energy-conserving and green industrial solutions. These solutions are made using organic, and biodegradable ingredients and they offer premium protection that increases the life of machinery and reduces waste. Additionally, determining the correct ISO viscosity grade and viscosity index while choosing industrial lubricants is also crucial as it is used to measure the stability, and flow resistance of the lubricants.

As the popularity of electric and hybrid vehicles continues to rise, there is a growing demand for lubricants that can minimize wear and protect vehicle electronics. The advancements in hybrid and electric car technology have led to new requirements for lubricants, such as enhanced fluidic performance, as well as improved electrical and thermal properties. However, achieving high performance and reliability in lubricants while maintaining the energy efficiency of electric and hybrid vehicles poses a significant challenge. This has spurred a need for extensive research to develop advanced lubricants that can enhance the energy efficiency of these vehicles.

Order your copy of the Lubricants & Greases 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

Advancements in lubricant technology such as nanotechnology show enhancements in lubricant attributes such as thermal properties, and anti-oxidation capabilities. Nanotechnology increases the performance of lubricating oil by using nanosized additives. Mixing nanoparticles with conventional base oil can improve wear resistance and resistance in instruments. Additionally, due to the environmental impact of petroleum-based products, companies are turning their focus towards bio-based lubricants as a sustainable alternative. These lubricants are made from renewable resources including animal fats or plant-based oils, making oils less harmful to the environment. For instance, in April 2022, Eneos Corp. announced that it plans to produce biobased greases and lubricants made with its base oil derived from vegetables.

The automotive sector is one of the major contributors to lubricants globally. They are majorly used in automobile parts, especially in engines and brakes which utilize lubrication for continuous smooth functioning. China, Japan, and India are among the top automotive-producing countries. For instance, in 2022, China produced 23.8 million cars, and 3.2 million commercial vehicles. Whereas Japan produced 6.6 million cars and 1.3 million commercial vehicles in 2022. Similarly, India produced 1.01 million commercial vehicles and 4.4 million cars in the same year. The rising production of vehicles in these as well as other countries is anticipated to drive the demand for lubricants used in the manufacturing of the vehicles.

Pulsarlube single-point automatic lubricators are employed across diverse applications, including the lubrication of bearings, fans, chains, electric motors, slides, and guide-ways. These systems represent a category of automated grease dispensing solutions prevalent in today’s industry. By delivering a precise and controlled supply of lubricant to specific points, they contribute to minimizing operating expenses and prolonging equipment lifespan.

Order Your Sample Copy of the Lubricants & Greases Procurement Intelligence Report, 2023 – 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Lubricants & Greases Procurement Intelligence Report Scope

The Lubricants & Greases category is expected to have pricing growth outlook of 4% – 5% (annual) from 2023 to 2030, with below pricing models.

Volume based Pricing
Competition based pricing

Supplier Selection Scope

Cost and Pricing
Past Engagements
Productivity
Geographical Presence

Supplier Selection Criteria

Quality of Lubricants & Greases
Volume Range Offered
Contract Terms
Delivery Option
End-Use Served
Technology Used
Location and Presence of Supplier
Operational Capabilities
Quality Measures
Certification
Others

Medical Writing Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

Market Intelligence along with emerging technology and regulatory landscape
Market estimates and forecasts from 2023 to 2030
Growth opportunities, trends, and driver analysis
Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
Porter’s 5 forces
Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
Engagement and operating models, KPI, and SLA elements
LCC/BCC analysis and negotiation strategies
Peer benchmarking and product analysis
Market report in PDF, Excel, and PPT and online dashboard versions

Lubricants & Greases Procurement Cost and Supplier Intelligence

The category is fragmented in nature due to intense competition among the players trying to serve each customer and reach across the globe. The industry is rapidly evolving, with companies adapting their product offerings to meet the constantly changing demands of industrial and automotive applications. For instance, in 2023 TotalEnergies introduced water-based lubricants (WBL) that represent a groundbreaking development for electric vehicle lubrication. These WBLs are designed to serve as a single fluid solution for both lubricating and cooling the Electric Drive Unit (EDU), marking a significant advancement in electric vehicle lubrication technology.

Buyers of the category could be automotive companies, industrial manufacturers, or consumers. If buyers have many alternatives to choose from, they can demand higher quality or lower prices. However, if the lubricants and greases are developed for a specific purpose, then the buyers have less power. The power of buyers also depends on the volume of purchases – larger buyers may have more negotiation power.

Raw material, labor, land, machinery, utility, packaging, transportation, and others are some of the cost components involved in the production of the category. Raw material (base oils, and other additives), labor, and machinery form a major part of the cost component. Raw materials account for approximately 40-45% of the total production cost. The variation in prices of raw materials has a considerable impact on the prices of lubricants.

In terms of lubricants & grease production, the hybrid model is a popular engagement model in the category, combining in-house and full-service outsourcing. Some companies have complete in-house lubricants & grease production lines from extraction and refining to packing lubricants & greases into barrels/tankers and transporting to the end destination. Companies such as BP Plc, Chevron Corporation, Shell, and others have complete in-house production lines. However, some suppliers opt for partial outsourcing. They outsource operations such as transportation services. Employing an in-house team for a complete production line from procuring raw material to quality testing, packaging, and transportation can be beneficial for the company.

Key companies profiled

ExxonMobil
BP Plc
Chevron Corporation
Shell
Total Energies
Castrol India
Valvoline
PetroChina
Petrobas
Fuchs
Eneos

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

Revolutionizing Construction: The Rise of the Mass-Engineered Timber Industry

Mass-Engineered Timber Industry | Forecast 2030

Grand View Research’s mass-engineered timber 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.

The economic value generated by the mass-engineered timber industry was estimated at approximately USD 9.49 billion in 2022. This economic output is an amalgamation of businesses that are involved in the manufacturing of mass-engineered timber materials, distribution & supply, and application of mass-engineered timber. The positive growth outlook exhibited by the construction industry, along with the growing penetration of advanced construction sustainable materials is expected to bolster the mass-engineered timber materials industry as they are key to green building.

Access the Global Mass-Engineered Timber Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Europe dominated the market in 2022 with a revenue share of over 40%. Europe is expected to remain the largest regional segment and witness notable growth over the forecast period owing to rising awareness about the use of sustainable building materials backed by the expected implementation of the stringent emission norms in the future. In addition, Europe also exhibits the largest production base for these materials due presence of several major manufacturers.

Cross Laminated Timber Market Report Highlights

The adhesive bonded Cross Laminated Timber (CLT) segment accounted for the highest revenue share of 88.2% in 2022 due to its well-developed traditional market in Europe and North America, and the high strength of adhesives used for the bonding of planks. The manufacturing cost of adhesive bonded cross laminated timber is less as compared to mechanically fastened cross laminated timber, owing to less usage of machinery. In addition, the adhesive-bonded cross laminated timber panels can be converted to biofuel pellets at the end of their life cycle
The residential application segment led the cross laminated timber market in 2022 and is expected to expand at a CAGR of 15.2% over the forecast period 2023-2030, owing to the rising residential construction globally owing low-interest rates on housing loans and government initiative for the development of residential apartments
Europe is expected to dominate the regional market for cross laminated timber and accounted for a CAGR of 14.6%, owing to the growth of residential construction activities in the region. Germany is one of the largest manufacturing destinations globally for automobiles, chemicals, fast-moving consumer goods (FLCGs), food & beverages, and pharmaceuticals. As a result, the companies dealing in the above mentioned products have established their commercial offices and manufacturing units in the country. This is projected to offer vast application scope for cross laminated timber in new establishments in Germany
Governments in several countries, such as Qatar, UAE, and Lebanon, are greatly emphasizing sustainability and have created various green building rating systems for the incorporation of environmental aspects in the modern construction industry. For instance, as per Qatar’s global Sustainability Assessment System (GSAS), the country is promoting the usage of eco-friendly materials for construction as a substitute for traditional materials, thus driving the market growth of cross laminated timber market
The market players focus on gaining various constructional projects in institutional and industrial construction, replacing concrete as a primary building material to gain a competitive advantage. Small-scale players in the market are also adopting such strategies to increase their penetration in the market

Order your copy of Free Sample of “Mass-Engineered Timber Industry Data Book – Cross-laminated Timber, Laminated Veneer Lumber and Glue Laminated Timber Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Glue Laminated Timber Market Report Highlights

The market is likely to register a CAGR of 5.9% in terms of value from 2017 to 2025 on account of growing concerns regarding environmental degradation as well as increasing awareness among consumers. The residential segment is expected to exhibit the highest CAGR from 2017 to 2025 owing to the expanding application scope in the sector for glulam due to its aesthetic appeal.
Europe was valued at USD 2.13 billion in 2016 and is expected to witness significant consumption in the future, aided by the presence of Italy and Germany as major markets for glulam
Key market players include Boise Cascade Co.; Calvert Company, Inc.; Pfeifer Holz GmbH; Setra Group AB; Canfor Corporation; Schilliger Holz AG.; Structurlam; Mayr-Melnhof Holz Holding AG; Binderholz GmbH; B & K Structures; Eugen Decker Holzindustrie KG; and Meiken Lamwood Corp. The companies mainly focus on extensive innovation and increasing their production capacities to meet the global demand.

Go through the table of content of Mass-Engineered Timber Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Insights

Prominent manufacturers have been adopting various strategies including investments, agreements, partnerships, contracts, production capacity expansions, joint ventures, and collaborations, to gain greater market presence and to cater to the changing requirements of application industries. Stora Enso Oyj, Binderholz GmbH, KLH Massivholz GmbH, Mayr-Melnhof Holz Holding AG, and Eugen Decker & WebMan among other prominent market players focus on the development of multi-story wooden buildings.

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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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Grand View Research, Inc.
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Unveiling the Growth Potential of the Base Metal Mining Industry: A Comprehensive Analysis

Base Metal Mining Industry | Forecast 2030

Grand View Research’s base metal mining 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 an agricultural statistics e-book.

The economic value generated by the base metal mining industry was estimated at approximately USD 485.98 billion in 2022. This economic output is an amalgamation of businesses that are involved in base metal mining, distribution & supply, and application of base metal mining.

Access the Global Base Metal Mining Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

The increasing production of electric vehicles (EVs) is positively impacting the base metal mining industry. EV production widely consumes metals and minerals such as copper, zinc, aluminum, and nickel. For instance, copper is used in many components such as electric motors, batteries, wiring, and charging stations. Similarly, metals such as lead, zinc, lithium, and nickel are widely used in the battery technologies of EVs. Zinc is also a key material in the automotive sector. As per the University of Waterloo, around 7.7 kg of zinc is used per automobile for the prevention of rust.

Thus, the rising penetration of EVs is expected to propel the demand for base metals in the said forecast period. For instance, in March 2022, Suzuki Motor Corporation decided to invest USD 1,320.2 million in its manufacturing plant in Gujarat, India. It is also planning to produce 125,000 electric vehicles by 2025. A similar trend is seen across the world.

However, the high volume of solid waste generated during various stages of mining is one of the main concerns associated with the mining sector. The stages include mine development, extraction, beneficiation, storage, transportation, and reclamation. The removal of waste material to access the ore creates a major problem during storage and reclamation.

The stripping ratio for the mining of metal ores ranges from 2:1 to 8:1, depending on local conditions. The stripping ratio refers to the volume of waste material to be handled to extract some quantity of ore. If the processing is done on-site, mine dumps also need to be managed. Significant quantities of mine dumps are generated where there are ores with low metal content.

Order your copy of Free Sample of “Base Metal Mining Industry Data Book – Aluminum Production, Copper Mining, Zinc Mining, Lead Mining, Nickel Mining, Tin Mining and Tungsten Mining Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Nickel Mining Market Report Highlights

Based on end-use, the stainless steel segment is expected to register a CAGR of 6.5%, in terms of revenue, over the forecast period. The rising demand for stainless steel in various industries such as oil & gas and construction is driving the segment growth
The non-ferrous alloys segment is projected to have a CAGR of 6.8% in terms of revenue, over the forecast period. The growth of the segment is attributed to the increasing demand for non-ferrous alloys from industries operating at high temperatures and pressures such as aerospace and defense, and oil and gas.
Based on region, Asia Pacific held the largest market share of about 58.0% in 2022 of the global market. The region’s dominance is attributed to the presence of large reserves in countries like China, Indonesia, the Philippines, and Australia
The nickel mining industry is facing competition from the recycling sector. For instance, according to Nickel Institutes, around 68% of nickel in consumer products is recycled, starting a new cycle.

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

Competitive Insights

The base metal mining market is fragmented with the presence of various key players such as BHP, Norilsk Nickel, Vale, GRUPO MÉXICO, and Glencore in the market. The industry also comprises a few medium and small players operating in different parts of the country. To remain competitive, mining companies are entering into long-term supply contracts with end users. Also, the companies use derivative contracts to protect them from market volatility. These fluctuations expose the companies to the risk of opportunity loss and mark-to-market fair value adjustments. These contracts could include forward sales, futures contracts, call options, and other derivative instruments.

Also, companies are following various acquisition and merger strategies to stay ahead of their competitors. For instance, in March 2023, Rio Tinto commenced underground production of copper from the Oyu Tolgoi mine in the Gobi Desert in Mongolia. The mine is anticipated to become the fourth-largest copper mine in the world by 2030.

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Innovation and Technology Transforming the Blood Glucose Meters Sector: 2023-2030 Forecast

Blood Glucose Meters Industry | Forecast 2030

Grand View Research’s blood glucose meters 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.

Access the Global Blood Glucose Meters Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Blood Glucose Monitoring Devices Market Growth & Trends

The global blood glucose monitoring devices market size is expected to reach USD 23.21 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.25% from 2024 to 2030. Patients with diabetes and their healthcare professionals benefit significantly from Blood Glucose Monitoring Devices (BGMD). BGMD is becoming more widely accepted as an important component of intensive diabetic treatment. It allows diabetic patients to measure their blood sugar levels within minutes with ease and convenience wherever they are. The continuous glucose monitoring (CGM) devices help analyze the blood glucose level continuously and in real-time. It also helps patients determine the level of dietary intake and dosage of insulin. In addition, factors such as sedentary lifestyles including consumption of junk food, alcohol, and smoking, and a surge in the need for safer and faster diagnoses are expected to boost the market growth during the forecast period.

Order your copy of the Free Sample of “Blood Glucose Meters Industry Data Book – Point-of-care Glucose Testing Devices, Self-Monitoring & Continuous Blood Glucose Monitors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

Point-of-Care Glucose Testing Market Growth & Trends

The global point-of-care glucose testing market size is expected to reach USD 4.51 billion by 2030, registering a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. An increase in the demand for Point-of-Care Testing (POCT) has been witnessed in recent years. As compared to the conventional laboratory testing performed in central lab settings, glucose POCT aids in performing effective diagnosis at the patient’s bedside. The easy and convenient operation of POCT has largely favored the growing usage of glucose meters across medical settings. The demand for performing bedside monitoring of blood sugar levels efficiently in a capillary blood sample and the need to ensure better management of carbohydrate metabolism have propelled the companies to launch innovative glucose meters in the market.

Continuous Glucose Monitoring Devices Market Growth & Trends

The global continuous glucose monitoring devices market size is anticipated to reach USD 7.51 billion by 2030 and it is projected to grow at a CAGR of 7.19% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing cases of diabetes and introduction of novel and advanced diabetes care and management devices are the major factors driving the market growth. Continuous glucose monitoring (CGM) devices provide an efficient method to measure body glucose levels in real time. Data recorded by these devices is transmitted through a wireless network to receivers; this helps keep track of glucose levels over a designated period.

With the advent of digital therapeutics, a rising number of continuous glucose monitoring devices are being incorporated with apps and software to help patients with diabetes mellitus. Apps such as Glucose buddy, Diabetes Connect, MySugar, and others are available under paid subscription. Further, the rise in the number of diabetes mellitus has contributed significantly toward the global market growth. The device allows real time biofeedback and behavioral change support, allowing effective management of diabetes by the patient. Additionally, the government is spending a huge amount on diabetic care tools to closely monitor diabetes in patient. For instance, according to American Diabetes Association, the overall cost of diagnosed diabetes in the United States for the year 2022 is estimated to be USD 412.9 billion. This amount encompasses direct medical costs of USD 306.6 billion and indirect costs of USD 106.3 billion associated with diabetes.

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

Competitive Landscape

Technological advancements: especially in case of biosensors, Bluetooth integration, & real-time alerts, and price competitiveness are two of the major strategies mostly focused on by the major market players. Each new product is designed to be easier to use by its antecedents and laced with connectivity. Increasing awareness of advanced diabetes management tools is among the top priority of market players.

Mentioned below are some of the key strategies followed by major players in recent years:

In April 2021, Medtronic announced its ongoing commitment to health equity for people of colour living with diabetes. To better understand and address these discrepancies, the company committed investments in collaborations with the American Diabetes Association (ADA) and T1D Exchange, as well as additional research activities.

In May 2021, Medtronic received CE marking for its Guardian 4 Sensor, which does not require a fingerstick for calibration or diabetes treatment decisions. With the CE marking, this sensor can be used along with the MiniMed 780G insulin pump system or the InPen, as well as for standalone CGM use.

In June 2022, Abbott announced the development of a new bio wearable that will monitor CGM and ketone levels in one sensor. This device has received breakthrough designation from the U.S. FDA.

In April 2022, Roche launched cobas Pulse, its new point-of-care blood glucose monitoring device, for hospital professionals. This device runs on an Android operating system and is equipped with digital health applications, performing a wide range of clinically valuable functions-from clinical decision support to measuring digital biomarkers & vital signs

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Emerging Trends in the Cat Litter Sector: A Comprehensive Analysis for 2023-2030

Cat Litter Industry | Forecast 2030

The cat litter sector is witnessing significant growth fueled by increasing pet ownership across the globe. Moreover, the growing trend of pet humanization and increased spending on companion animals are the major factors boosting the sales of cat litter products. Pets are viewed as family members and owners are willing to invest more in their health and well-being, including regular veterinary care. For instance, according to the 2022 American Veterinary Medical Association’s Pet Ownership and Demographics Sourcebook, households in the U.S. with only cats spend around USD 253 on veterinary care.

Additionally, growing consumer awareness about pet health and pet-related products is favoring the growth of the industry. For instance, the 2021 Yummypets survey showed that around 75% of respondents said they preferred odor-control litter products for the well-being of their cats, whereas around 13% said the preference was owing to household cleanliness and odor. Moreover, around 16% of Canadians and 17% of Americans considered odor control the primary feature of cat litter products.

Access the Global Cat Litter Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Clumping Cat Litter Market Growth and Trends

Clumping cat litter offers a significant convenience advantage as it forms solid clumps when in contact with liquid waste. This makes it much easier for pet owners to scoop and remove the soiled litter from the litter box. The ability to quickly and efficiently clean the litter box saves time and effort, making clumping cat litter a popular choice for busy pet owners. Moreover, hygiene and cleanliness are also significant drivers for the adoption of clumping cat litter. The solid clumps formed by this type of litter can be easily removed, leaving behind clean litter for the cat to use. This regular removal of soiled litter helps to maintain a clean and sanitary environment in the litter box, reducing the risk of bacterial growth and unpleasant odors.

Consumers are more inclined to ease up the process of cleaning cat urine and feces through clumped litter owing to better scoopability and odor control. In addition, the rising availability of product varieties, including clay-based ultra and standard clumping, and biodegradable premium ultra-clumping, are likely increasing the adoption of clumping cat litter. Cat owners have the option to choose between the aforementioned product offerings, and their increasing availability is contributing to the segment’s growth.

Order your copy of the Free Sample of “Cat Litter Industry Data Book – Clumping and Conventional Cat Litter Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

Conventional Cat Litter Market Growth and Trends

Conventional cat litter tends to be more budget-friendly compared to specialized or alternative types of litter. This makes it an attractive option for pet owners who are cost-conscious or have multiple cats and need larger quantities of litter. According to a PetSafe site, the typical cost of clay-based conventional cat litter that requires to be replaced weekly is roughly USD 0.50., whereas, the average price of clumping litter is around USD 0.75 to USD 1.30. Clumping litter requires daily scooping with monthly replacement. The cost-effectiveness associated with conventional cat litter is expected to drive product sales in the market.

Another factor driving the adoption of conventional cat litter is its availability. Conventional litter is widely available in various stores and pet supply outlets, making it easily accessible to pet owners. The convenience of being able to purchase it locally or online without any specific requirements or limitations appeals to many cat owners. In addition, owing to increasing consumer awareness about health risks associated with dust particles, dust-free non-clumping litter is becoming popular among cat owners. Litters that minimize dust can help improve air quality in the home and reduce respiratory issues in both cats and their owners.

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

Competitive Insights

In the market, a mix of established companies and emerging players exists. Several prominent players are strategically capitalizing on the market’s growing trends while expanding their range of services to sustain and increase their market share.

For instance, in May 2023, TPL Enterprises launched Soft on Paws recycled cat litter. The product is made from 100% post-consumer recycled paper and is environment-friendly.
For instance, in January 2022, TABPS, a FiloMilo-owned brand launched two cat litter in India. The two variants are launched in scented and unscented forms. The scented cat litter is available in a fruity floral scent. Both variants are made with 100% Bentonite clay.

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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

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Clinical Laboratory Industry Poised for Significant Expansion by 2030

Clinical Laboratory Industry | Forecast 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.The following data points will be included in the final product offering in two reports and one sector report overview.

The global clinical laboratory markets combine to account for USD 321.20 billion in revenue in 2022, which is expected to reach USD 493.72 billion by 2030, growing at a cumulative rate of 5.52% over the forecast period. The combination bundle is designed to provide a holistic view of these highly dynamic market spaces.

Access the Global Clinical Laboratory Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Clinical Laboratory Tests Market Growth & Trends

The global clinical laboratory tests market size is expected to reach USD 213.04 billion by 2030, registering a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the clinical laboratory tests market is attributable to the rising prevalence of target diseases. The use of clinical laboratory tests is on a rise owing to the use of tests in a wide variety of diagnostic purposes that primarily focus on patient health leading to evaluating and formulating proper diagnosis and treatment.

The global geriatric population is increasing and is considered as being the greatest risk factor for the development of conditions, such as cardiovascular diseases and kidney dysfunction. According to WHO, the population aged above 60 years is expected to be 1 in every 6 people by 2030, which accounts for an increase from 1 billion in 2020 to 1.4 billion by 2030. In addition, the number of people aged 80 and above is projected to double to over 1.5 billion by 2050, and people aged above 80 years are expected to triple and reach 426 Billion. Thus, the growing geriatric population is expected to be a high-impact rendering driver for this market over the forecast period.

Order your copy of the Free Sample of “Clinical Laboratory Industry Data Book – Clinical Laboratory Tests and Clinical Laboratory Service Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030, published by Grand View Research

Clinical Laboratory Service Market Growth & Trends

The global clinical laboratory service market size is expected to reach USD 286.77 billion by 2030, registering a CAGR of 3.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth of the industry can be attributed to the increasing prevalence of the geriatric population, which, in turn, is propelling the demand for early disease diagnosis. The growing prevalence of target diseases, such as diabetes and Cardiovascular Diseases (CVDs), is a high impact-rendering driver for industry growth over the forecast period. Cardiovascular disease is the leading cause of death globally. The presence of unmet medical needs pertaining to disease management and the subsequent increase in patient awareness in more regions are expected to boost the demand for clinical laboratory testing.

Improvements in laboratory testing technology throughbreakthrough and incremental advances are high-impact-rendering drivers for industry growth. Market firms are engaged in introducing new services to serve the unmet demand of patients. For instance, in May 2022, Hamilton County entered into a partnership with Ethos Laboratories for the launch of no-cost COVID-19 testing sites. In July 2022, Mayo Clinic laboratories launched monkeypox tests to increase availability and accessibility to a wider target population. Moreover, in January 2022, Quest Diagnostics launched COVID-19 rapid antigen tests available through QuestDirect in collaboration with eMed to provide access to testing for COVID-19 at home. The pandemic affected millions of people globally. According to the CDC and WHO, the standard for diagnosis of COVID-19 is RT-PCR for samples from the respiratory tract.

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

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. These players have adopted strategies such as acquisitions, and collaborations to strengthen their product portfolio offered for clinical laboratory tests. Moreover, global players are expanding their services in developing countries due to high medical unmet needs and collaborating with local players in developing economies.

Some of the key players in the clinical laboratory market include Abbott, ARUP Laboratories, OPKO Health, Inc., Bioscientia Healthcare GmbH, Charles River Laboratories, NeoGenomics Laboratories, Healthscope, Labco, Laboratory Corporation of America Holdings, Fresenius Medical Care AG & Co. KGaA, QIAGEN, Quest Diagnostics Incorporated, Siemens Healthcare GmbH, Tulip Diagnostics (P) Ltd, Sonic Healthcare Limited, Merck KGaA, Biosino Bio-Technology and Science Inc., Cinven, DaVita Inc., SGS Société Générale de Surveillance SA, and Almac Group.

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Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

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Emerging Trends and Opportunities in the Bioplastics Sector

Bioplastics Industry | Forecast 2030

The economic volume generated by the bioplastics industry was estimated at approximately 2,470.6 kilotons in 2021. This economic output is an amalgamation of businesses that are involved in the raw material suppliers, compounding of bioplastics & their additives, distribution & supply, and application of bioplastics.

Biodegradable product types in the bioplastic market include PLA, starch blends, PBAT, PBS, PHA and cellulose acetate. Polylactic acid plastic is likely to witness the fastest growth during the forecast period. PLA is widely gaining acceptance as a mulching film in agriculture owing to its biodegradability and superior mechanical properties. Similarly, PHA is gaining acceptance in biomedical and pharmaceutical applications. Its low toxicity and biodegradability have been instrumental in using it as a plastic product in medical applications.

Access the Global Bioplastics Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Biodegradable Plastics Market Growth & Trends

The global biodegradable plastic market size is expected to reach USD 10.04 billion by 2030, registering a CAGR of 9.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing use of biodegradable plastics, owing to strict governmental laws prohibiting the use of conventional plastics, coupled with growing awareness among the public towards the ill effects of plastic waste is stoking the growth of the market. The above factors are expected to spur market growth during the forecast period.

Biodegradable plastics are plastics that decompose in the environment within a reasonable period. Biodegradable plastics are made up of renewable raw materials. Many of these plastics require biodegradable additives to enhance the biodegradation process and some may require a specific environment to disintegrate. Time taken by plastics to decompose depends upon various factors such as raw materials used and environmental conditions such as moisture and temperature.

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Polylactic Acid Market Growth & Trends

The global polylactic acid market size is expected to reach USD 2,772.93 million by 2030, registering a CAGR of 21.4% over the forecast period, according to a new study by Grand View Research, Inc. Rising environmental concerns, improving awareness among consumers, and stringent government regulations are contributing to eliminating the use of non-biodegradable plastics, which, in turn, is driving the growth of the polylactic acid (PLA) market. Polylactic acids are bio-sourced, and break down faster as compared to petroleum-based plastics. Due to their decreased carbon footprint, they get preference over traditional plastics. The rising emphasis on sustainable products is a key factor driving the growth of the flexible packaging industry, which is expected to result in reduced consumption of petroleum-based products and a shift toward bio-based alternatives.

Bio-based Polyurethane Market Growth & Trends

The global bio-based polyurethane market size is expected to reach USD 58.28 million by 2030, expanding at 7.97% CAGR from 2023 to 2030, according to a new study by Grand View Research, Inc. Growing awareness among consumers, environmental concerns, and stringent government regulations are contributing to the increased use of bio-based plastics and in turn, driving the growth of the bio-based polyurethane industry.

Bio-based polyurethane is bio-sourced and breaks down faster as compared to petroleum-based plastics. Due to their decreased carbon footprint, they remain a preferred option over traditional plastics. The rising emphasis on sustainable products is a key factor driving the growth of the packaging industry, which is expected to result in reduced consumption of petroleum-based products and a shift toward bio-based alternatives.

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

Biopharma Plastics Market Growth & Trends

The global biopharma plastics market size is expected to reach USD 11,290.12 million by 2030, expanding at 11.3% CAGR from 2023 to 2030, according to a new study by Grand View Research, Inc. The rise in global healthcare expenditure for research & development of biopharma plastics is anticipated to drive the market. In addition, the rising demand for biopharmaceuticals, owing to the increasing cases of cancerous patients across the globe, is anticipated to propel the demand for biopharma plastics.

Plastics are widely used in this industry due to their versatility, durability, and cost-effectiveness. The use of plastics in biopharma applications includes packaging and delivery systems, laboratory equipment, diagnostic devices, and drug delivery devices.

Competitive Insights

The bioplastics market is temperately concentrated with the presence of key players such as BASF SE, Avantium, NatureWorks LLC, SABIC, Total Corbion PLA, Biome Technologies plc, and TEIJIN LIMITED along with some other new and growing market players. The global market players face strong competition from each other as well as from other regional and national players having a well-established supply chain network and compliance with regulations and knowledge of suppliers across markets.

Companies in the market compete based on the quality of the products they offer and the technology used to produce bioplastics. 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. These initiatives help them meet ever-increasing global demand, ensure their competitiveness, improve their revenue & operations profits, develop state-of-the-art products and technologies, reduce production costs and expand their customer base.

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Exploring the Future Trends and Opportunities in the Returnable Packaging Industry

Returnable Packaging Industry | Forecast 2030

The economic value generated by the returnable packaging industry was estimated at approximately USD 88.41 billion in 2022. This economic output is an amalgamation of businesses that are involved in the raw material suppliers, manufacturers of returnable packaging products, distribution & supply, and application of returnable packaging.

Based on product, the market is categorized into pallets, crates, immediate bulk containers (IBCs), drums & barrels, dunnage, and others. Pallets dominated the returnable packaging market in 2022 with the highest revenue share and are expected to maintain the dominance by 2030. Materials like wood, plastics, steel, and aluminum are commonly used for manufacturing the pallets. High load handling capacity and higher handling & storage efficiencies are driving the demand for pallets in the global market.

Access the Global Returnable Packaging Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

In addition, the IBCs segment is expected to grow at a rapid CAGR of 7.2% during the forecast period. Growing pharmaceutical and chemical sectors in developing and emerging markets like Brazil, India, and China are expected to drive the global demand for IBCs. The penetration of IBCs in the beverage industry is rapidly increasing coupled with the growing demand for sustainable and cost-effective packaging solutions from these industries for international trade is expected to drive the demand for IBCs.

Food & Beverage Returnable Packaging Market Insights

Food and beverage dominated the returnable packaging market in 2022 and is expected to maintain the lead in 2030. For the past decade, crates, trays, and pallets made of wood and plastics have been an integral part of the food & beverage sector, simplifying the storage and transport of the products.

This is due to the strong presence of key bakery, and processed meat and beverage companies such as Associated British Foods plc, Warburtons, and Nestlé in the region. The companies are continuously involved in new product developments and production aiming to meet consumer demands. Increasing production activities by such companies are expected to drive the demand for returnable packaging solutions which will affect the market positively.

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Automotive Returnable Packaging Market Insights

Returnable packaging has been an integral part of the automotive supply chain over the past decade. Packaging products like pallet crates, containers, and dunnage are primarily used to store and transport automobiles and assembly parts, body panels, and other parts. The production of automobiles around the world has been increasing since the past decade with an increasing population and higher income levels. Increasing automotive output is also expected to fuel the auto ancillary industry.

Developing countries like India, Brazil, and China have established a strong supply chain for automobiles and have significant export levels. Automotive assembly lines need bulk packaging solutions like pallets, crates, bins, and containers produced from metal and plastics. The development of electric vehicles to increase sustainability and environmental protection is also expected to increase the demand for returnable packaging solutions from the automotive industry.

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

Consumer Durables Returnable Packaging Market Insights

Consumer durable includes packaging solutions for televisions, washing machines, refrigerators, air conditioners, cellphones, laptops, and others. Kitchen appliances like microwave ovens, mixers, grinders, and juicers also require packaging solutions for transport. Consumer durables commonly use corrugated boxes, containers, dunnage, and other products for packaging. Demand for sustainable and environmentally friendly packaging solutions for these products is increasing owing to changing consumer preferences and government regulation. Increasing the global population coupled with a high rate of urbanization and rising income levels is expected to fuel the demand for innovative packaging solutions for consumer durables such as returnable packaging products.

Company Profiles

ORBIS Corporation
NEFAB GROUP
PPS Midlands Limited
Tri-pack Packaging Systems Ltd.
Amatech, Inc.
CHEP (Parent Company Financials)
Celina
UBEECO Packaging Solutions
RPR Inc.
Mondi

Competitive Insights

The returnable packaging market is highly competitive with the presence of both global and regional companies. Companies operating in the market offer a wide range of products that are available in a variety of shapes, sizes, and colors. Moreover, they offer custom packaging products to suit customer-specific requirements.

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Emerging Trends and Opportunities in the Sealants Industry from 2023-2030

Sealants Industry | Forecast 2030

The economic value generated by the sealants industry was estimated at approximately USD 16.18 billion in 2022. This economic output is an amalgamation of basic sealant categories namely, construction sealants, automotive sealants, and other sealants.

The global sealants market has witnessed remarkable growth in the recent past due to the advancing construction industry worldwide. Sealants are extensively used in construction for various applications such as sealing joints, weatherproofing, and bonding. Thus, the increasing construction activities, including residential, commercial, and infrastructure projects, are driving the demand for sealants. The rise in spending on infrastructure development projects in emerging countries such as China, India, and the U.S. is another major reason driving the use of sealants in construction applications.

Access the Global Sealants Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

According to the U.S. Department of the Treasury June 2023 report, the U.S. experienced a rise in construction spending for manufacturing facilities. Since 2021, the spending on real manufacturing construction has doubled in the country. Additionally, the lowering of interest rates is expected to benefit future demand for sealants in construction applications. The highest growth in demand for them can be witnessed in countries such as China and India owing to the surged government spending for the construction industry.

Construction Sealants Market Insights

Construction sealants accounted for an industry share of 54.6% in 2022. The global construction industry is increasingly relying on sealants for a wide range of applications as they play a crucial role in sealing joints, gaps, and connections in various building components, ensuring their longevity and structural integrity. Moreover, the demand for construction sealants is fueled by the need for flexible and durable solutions. Buildings are not static; they undergo movements due to factors like temperature changes and settling. Sealants with high flexibility can accommodate these movements without compromising their sealing properties. Durable sealants are resistant to degradation caused by UV exposure and other environmental factors, ensuring long-lasting performance.

The residential application segment dominated the market with a revenue share of 49.8% in 2022. Sealants play a crucial role in residential construction activities, providing a protective barrier against moisture, air leakage, and other potential sources of damage. These versatile substances are used in various applications throughout the building process, ensuring the longevity and performance of residential structures. From sealing gaps and joints to preventing water intrusion, sealants offer an effective solution for maintaining the integrity of residential buildings.

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Automotive Sealants Market Insights

Automotive sealants accounted for an industry share of 15.9% in 2022. Sealants play a crucial role in the automotive industry, providing a wide range of applications that contribute to the performance, durability, and safety of vehicles. These versatile substances are used in various areas of automotive manufacturing and maintenance, ensuring the integrity of the vehicle’s structure and components. From sealing gaps and joints to preventing leaks and corrosion, sealants offer an effective solution for enhancing the quality and reliability of automobiles.

Sealants are also used to prevent leaks in critical areas of the vehicle, such as the engine, transmission, and cooling system. These sealants are specially formulated to withstand high temperatures, pressures, and chemical exposure. They are applied to gaskets, seals, and other connections to ensure a reliable and leak-free operation. By preventing leaks, sealants help to maintain the proper functionality and performance of these vital automotive systems.

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

Other Sealants Market Insights

Other sealants accounted for a share of 29.5% in 2022. Sealants play a crucial role in various industries, including packaging, consumer electronics, aerospace, and marine among others. In context to packaging applications, sealants are utilized to create airtight seals for a wide range of products such as containers, bottles, pouches, and tubes. These seals act as barriers for preventing the leakage of fluids, gases, or any other substances that can compromise the quality and freshness of packaged products. Silicone sealants are highly preferred in consumer electronics. These sealants are used to create a protective barrier around sensitive electronic parts, such as circuit boards, connectors, and sensors. By sealing gaps, joints, and openings, silicon sealants prevent the ingress of moisture, dust, and other contaminants, safeguarding the electronic components from damage and ensuring their long-term reliability.

Company Profiles

3M
Henkel AG & Co. KGaA
RPM International Inc.
Sika AG
Soudal Holding N.V.
DOW
Arkema
Pidilite Industries Ltd. & Co. KGaA
Huntsman
Wacker Chemie AG

Competitive Insights

The sealants market is a highly competitive and dynamic industry that offers a wide range of sealant solutions for various applications. To gain a competitive advantage in this industry, companies must remain attuned to industry trends, customer needs, and technological advancements. Manufacturers of sealants, such as Henkel, 3M, and H.B. Fuller, typically source their raw materials from chemical suppliers, leading to a moderate level of integration in the value chain. Notably, major chemical companies like Dow have forward integration capabilities, enabling them to produce both raw materials and processed sealant products. Key market players include 3M, Henkel AG & Co. KGaA, RPM International Inc., Sika AG, Soudal Holding N.V., DOW, Arkema Group, Pidilite Industries Ltd. & Co. KGaA, Huntsman, and Wacker Chemie AG.

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Exploring the Future of the Pumps Market (2024-2030)

Pumps Industry | Forecast 2030

The economic value generated by the pumps market was estimated at approximately USD 57.7 billion in 2023. The demand for pumps is on the rise owing to their varied use in such as water & wastewater, power construction, chemicals, and oil & gas industries. Rising expectations of customers in the past few decades have led to increased spending by the end-user industry globally to improve the quality of industrial pumps along with installing advanced process control. This has led to increased spending by the pump manufacturers in an attempt to improve energy efficiency, which is likely to drive the demand for improved energy-efficient pumps over the forecast period.

Recent innovations in pump technology have led to improvements in fundamental process tasks, boosting pump reliability and lowering operating costs over time. These advancements have also contributed to increased pump performance, reliability, and reduced energy usage. These technologically advanced pumps are widely used in various end-use industries, including industrial wastewater treatment, agriculture, power generation, and chemical processing, driving the product demand.

Access the Global Pumps Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Centrifugal Pump Market Insights

The global centrifugal pump market size was valued at USD 50.42 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030. The rising residential and commercial infrastructure coupled with the expansion of the manufacturing industry globally is expected to drive the demand for centrifugal pumps globally. The rapid spending on agricultural equipment by major developing countries is also anticipated to bolster product demand. The demand for centrifugal pumps for pumping solvents, water, oils, organics, bases, acids, and any thin liquids is escalating in industrial, agricultural, and domestic applications. The pump offers numerous benefits like corrosion resistance, smooth flow, low maintenance, size & application versatility, etc. These features are anticipated to expand the product demand during the forecast period.

Increasing investments in the exploration and production activities by the oil & gas companies in the U.S. are anticipated to boost the demand for centrifugal pumps in the oil & gas industry. The rising number of infrastructure upgrades, in terms of changing or the installation of new pipelines, is expected to have a positive impact on the growth of the market.

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Positive Displacement Pumps Market Insights

The global positive displacement pumps market size was estimated at USD 19.06 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2030. The market is anticipated to experience growth due to an increasing number of newly established chemical processing plants, coupled with a rising emphasis on wastewater treatment to eliminate harmful effluents. Furthermore, positive displacement pumps are particularly effective with high-viscosity fluids. They provide a consistent flow rate regardless of changes in viscosity, making them suitable for applications involving thick or sticky liquids. These aforementioned factors are anticipated to drive market growth. Positive displacement pumps can generate high pressures.

This makes them suitable for applications where a high-pressure output is required, such as in hydraulic systems or processes that involve pumping fluids over long distances or through pipelines. Moreover, positive displacement pumps find widespread usage across diverse applications due to their versatility and precision. In industries, such as oil & gas, these pumps play a vital role in the transfer of viscous crude oil, while in chemical processing, they are employed for accurate dosing and metering of various chemicals. With a robust presence in applications, such as oil & gas, chemicals, water & wastewater treatment, and manufacturing, positive displacement pumps have become integral to various processes.

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

Competitive Insights

The global pumps market is highly competitive owing to the presence of both multinational and local manufacturers. Some of the key players include Grundfos Holding A/S; Xylem; Flowserve Corporation; ITT INC.; Sulzer Ltd.; EBARA International Corporation; Ingersoll Rand; KSB SE & Co. KGaA; and Pentair. Other notable players include Iwaki America Inc.; HERMETIC-Pumpen GmbH; Vaughan Company Inc.; and SPX Flow. Pump manufacturers are involved in adopting several strategies including acquisitions, mergers, joint ventures, geographical expansions, and new product developments. These strategies aid the companies in increasing their market penetration and providing to the changing technological demand of various industries including agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemical, and others.

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