Market Research News

Thursday 24 May 2018

Contact lenses market is anticipated to reach USD 17.72 billion by 2025 : Grand View Research, Inc.

The global contact lenses market is anticipated to reach USD 17.72 billion by 2025, according to a new report by Grand View Research, Inc. The rising adoption of contact lenses by consumers and use of innovative materials for manufacturing contact lenses are the key drivers of the market.

The growing aging population and rising tendency of youngsters to enhance their aesthetic appearance are some of the key factors that are expected to drive the demand for contact lenses. The improvement in theoverall economy and the rising disposable income around the globe are additional factors driving the market growth.

The contact lenses market can be categorized, based on products, into Rigid Gas Permeable (RGP) contact lenses, soft contact lenses, and hybrid contact lenses. Soft contact lenses are made up of flexible and soft plastics, such as silicone hydrogel, which provide easy adaptability and enhanced comfort to the eye. They also permit oxygen to pass through the wearer’s cornea and are used extensively for ametropia correction.

Thus, the market for soft lenses is anticipated to grow at a faster pace over the forecast period. Further key findings from the report suggest that hybrid contact lens segment is expected to portray the highest growth over the forecast period. Corrective contact lenses are widely used to correct refractive errors and compensate for visual deficiencies such as myopia, hypermetropia/hyperopia, presbyopia, and astigmatism.

Full research report on contact lenses market analysis:

http://www.grandviewresearch.com/industry-analysis/contact-lenses-market

Further key findings from the report suggest:

· The growing adoption of soft lenses by several regions is anticipated to drive the market growth

· The multifocal design segment is expected to portray high growth rate with a CAGR of 8.4 % over the projected period

· The South American regional market is expected to have significant growth over the forecast period, owing to the large-scale penetration of contact lenses

· The key players in the market areJohnson & Johnson Services, Inc., CIBA Vision (Alcon), CooperVision, Inc., and Bausch & Lomb Incorporated

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/personal-care-and-cosmetics

Grand View Research has segmented the contact lenses market based on products, design, usage, and regions:

Product Outlook (Revenue, USD Million; 2014 - 2024)

· RPG lens

· Soft lens

· Hybrid lens

Design Outlook (Revenue, USD Million; 2014 - 2024)

· Spherical

· Toric

· Multifocal

· Others

Usage Outlook (Revenue, USD Million; 2014 - 2024)

· Corrective

· Therapeutic

· Cosmetic

· Prosthetic

· Lifestyle-oriented

Regional Outlook (Revenue, USD Million; 2014 - 2024)

· North America

o U.S.

o Canada

o Mexico

· Europe

o Germany

o UK

o France

· Asia Pacific

o China

o India

o Japan

· South America

o Brazil

· Middle East and Africa

Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-contact-lenses-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: https://www.grandviewresearch.com/

Carbon Thermoplastic Composites Market projected to reach USD 7.74 billion by 2025 : Grand View Research, Inc.

The global carbon fiber reinforced thermoplastic (CFRTP) composites market is projected to reach USD 7.74 billion by 2025, as per a new report by Grand View Research, Inc. The demand for lightweight materials in automobile production, so as to reduce the overall fuel consumption is splurging the carbon thermoplastic market demand globally.

Many developed countries such as the United States, Japan, Germany, etc. have a high concentration of automobile, aerospace and defense equipment manufacturing companies and so is the consumption of carbon thermoplastics composites in these regions.

North America is anticipated to be the largest market for the product on account of the presence of major aircraft manufacturing giants like Boeing and many other top notch automobile manufacturers. Europe is expected to witn ess the highest growth over the forecast period. The presence of key automotive manufacturers such as BMW, Volkswagen, Mercedes, Fiat, etc. which emphasizing on building low-weight, fuel efficient, low emission, environment-friendly cars, has led to the increased consumption of CFRTP composites in the Europe.

The market is growing and is composed of several large players. However, product cost is a major challenge faced by these companies. Key market participants have adopted strategies such as agreements, joint ventures, partnerships, and alliances so as to sustain the growing market competition.

Access Full research report on carbon fiber reinforced thermoplastic (CFRTP) composites market Analysis:

http://www.grandviewresearch.com/industry-analysis/carbon-fiber-reinforced-thermoplastic-cfrtp-composites-market

Further key findings from the study suggest:

· Europe is expected to gain the largest market share in terms of revenue by 2025, followed by North America

· North America CFRTP demand from the automotive segment is expected to grow at highest estimated CAGR of 14.4% from 2016 to 2025

· The region is characterized by fast-paced growth of the automobile and construction industries

· The aerospace & defense application segment holds the largest market share and in terms of revenue, is expected to grow at CAGR of 11.5% over the forecast period

· Increased use of carbon thermoplastics over metals such as steel and aluminum in lightweight aircraft building has led to the growth of the application segment

· Polyacrylonitrile (PAN) is projected to grow at the highest CAGR owing to its superior properties and extensively existing capacities

· The petroleum pitch segment is projected to grow at a CAGR of 8.8% by volume during the forecast period.

· Key companies in this market include Toray Industries, Inc., SGL Group, Hexcel Corporation, Teijin Limited, Mitsubishi Rayon Co., Ltd., BASF SE, etc.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber

Grand View Research has segmented the global carbon fiber reinforced thermoplastic (CFRTP) composites market on the basis of raw material and application:

Global CFRTP Raw Material Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

· Polyacrylonitrile (PAN)

· Pitch

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

· Automotive

· Aerospace & Defense

· Wind Turbines

· Sports Equipment

· Construction

· Marine