Friday 19 January 2018

Oil And Gas Drill Bit Market Expected To Grow Owing To Increasing E&P Activities Till 2022: Grand View Research, Inc.

The global oil and gas drill bit market is expected to reach USD 7.62 billion by 2022, according to a new report by Grand View Research, Inc. Increasing E&P activities on account of increasing energy demand is expected to remain a key driving factor for global oil and gas drill bit market over the forecast period. Shift in trend towards developing unconventional reserves such as tight gas, shale and CBM is also expected to have a positive influence on the market growth. Hydrocarbon extraction from these reserves requires highly durable bit with improved performance and rate of penetration (ROP). 
Roller-cone bit were the largest product segment accounted for over 70% of total market volume in 2014. Roller-cone downhole components particularly those fabricated from tungsten carbide inserts are designed to operate in conventional formations and offer excellent rate of penetration (ROP) in initial stage of drilling. These products have less longevity as compared to the fixed cutter bit particularly when used in unconventional reserves. Fixed cutters are estimated to witness high growth as compared to the conventional tricone counterparts. High durability along with enhanced operability in most of the unconventional reserves coupled with increasing popularity of diamond cutters in the industry is expected to steer product demand in foreseeable future.

Further key findings from the report suggest:
·         Global oil and gas drill bit market demand was 2,835.0 hundred units in 2014 and is expected to grow at a CAGR of 5.1% from 2015 to 2022.
·         Tungsten carbide inserts were the most preferred roller-cone bit with a total demand of over 1,090 hundred units in 2014. High durability coupled with increasing application in conventional drilling projects particularly in North America and Middle East is a major factor driving the product demand.
·         Polycrystalline diamond cutters (PDC) are the most lucrative product segment as compared to other conventional bit owing to high durability and its ability to withstand long operations. These products have gained significant popularity in directional and horizontal drilling. Strong potential of directional drilling for unconventional reserves is projected to provide sufficient growth opportunities for product market.
·         North America emerged as the leading consumer with demand share exceeding 35% in 2014. Increasing E&P activities coupled with shale gas boom in the U.S. can be attributed toward high market penetration in the region. North America is expected to gain significant share over next seven years owing to technological advancements along with large scale planned hydrocarbon explorations particularly in the Gulf of Mexico, and Canada Shale blocks.
·         Asia Pacific and Latin America market are estimated to project significant potential for future industry expansion. Asia Pacific is estimated to witness a growth of 5.6% from 2015 to 2022 to reach a market volume of over 790 hundred units by 2022.
·         Major companies operating in the global oil and gas drill bit market include Schlumberger, Baker Hughes, Atlas Copco, Halliburton, Varel International, Inc., National Oil-well Varco, Inc., Kingdream Public Limited Company and Torquado Drilling Accessories Inc. 
Browse more reports of this category by Grand View Research:  https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
Grand View Research has segmented the oil and gas drill bit market on the basis of product and region:
Oil & Gas Drill bit Market Product Outlook (Volume, Hundred Units; Revenue, USD Million, 2012 - 2022)
·         Roller-cone bit
o    Miller-tooth bit
o    Tungsten carbide inserts
·         Fixed cutter bit
o    Polycrystalline diamond cutters (PDC)
o    Natural/synthetic diamond cutter
Oil & Gas Drill bit Market Regional Outlook (Volume, Hundred Units; Revenue, USD Million, 2012 - 2022)
·         North America
·         Europe
·         Asia Pacific
·         Rest of the world (RoW)
Access press release by Grand View Research https://www.grandviewresearch.com/press-release/global-oil-gas-drill-bit-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: http://www.grandviewresearch.com






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Antifouling coating Market Expected to grow due to growth on account of increasing demand for merchant fleets and navies Till 2022 : Grand View Research, Inc.

Antifouling coating Market are used to improve the stability and resilience of underwater surfaces of marine vessels such as cargoes, drilling rigs, passenger ships, and a yacht. The global antifouling coating industry is expected to witness growth on account of increasing demand for merchant fleets and navies and reach over USD 2.43 billion by 2022. New developments in ship-based logistics services in emerging economies including Middle East countries, Brazil, and India is estimated to fuel market growth for these coatings. Increasing need for embedded compact systems as prerequisite in deep water offshore reserves coupled with rising importance for Floating Production Storage Offloading (FPSO) in upstream oil & gas sector is anticipated to result in an up surging demand for antifouling paints.
Demand for global antifouling coatings was 84.3 kilo tons in 2014 and is projected to surpass 130.0 kilo tons in the next seven years. It is expected to grow at a CAGR exceeding 5.0% in the forecast period. Furthermore, demand for antifouling paints in shipping vessels was approximately 71.0 kilo tons in 2014. Production platforms and drilling rigs are projected to gain prominence attributing to the expansion of offshore natural gas production capacity in Saudi Arabia and Brazil over the forecast period.
Support from regulatory bodies in countries including China, Angola, Nigeria, Malaysia, and Brazil, in an attempt to encourage foreign investments at a national level is expected to have a positive impact on the offshore oil & gas market. In 2014, demand for production platforms & drilling rigs was over 13.0 kilo tons. In 2014, antifouling coatings accounted for nearly 80.0% of the total market share by volume owing to increasing use in shipping vessels due to their ability to save fuel from fouling organisms and extension of dry docking interval.
Asia Pacific is estimated to experience rapid growth at a CAGR of 6.0% over the forecast period in terms of volume. Initiatives by the Government of India in November 2015 to incentivize for increasing the productivity of shipbuilding at a national level is anticipated to provide new avenues for new entrants in the market.
North America is expected to witness growth over the forecast period owing to increasing production of unconventional sources such as tight oil and shale gas in Canada and the U.S. The market was 2.36 kilo tons in 2014. Technological advances in hydraulic fracturing are expected to encourage the use of FPSO vessels, which in turn is anticipated to propel demand.
Key manufacturers include Jotun A/S, PPG Industries, AkzoNobel N.V, Sherwin Williams, Hempel A/S, Nippon Marine and Kansai Paints. Increase in R&D expenditure to develop eco-friendly products to promote product differentiation while abiding by environmental friendly laws by regulatory bodies is expected to drive market growth. Furthermore, the establishment of new production facilities due to the expansion of application sectors in markets namely Russia and China is anticipated to propel demand over the forecast period.
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the global Antifouling Coating Market by application and region:
Application Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)
·         Shipping Vessels
·         Drilling Rigs & Production Platforms
Regional Outlook (Volume Tons, Revenue, USD Million, 2012 - 2022)
·         North America
o    U.S.
·         Europe
o    Germany
·         Asia Pacific
o    China
·         Latin America
o    Brazil
·         Middle East Africa (MEA)
Access press release by Grand View Research: https://www.grandviewresearch.com/press-release/global-antifouling-coating-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: http://www.grandviewresearch.com


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Histology And Cytology Market Expected To Grow Due To Increasing Incidence Of Cancer Till 2025 : Grand View Research, Inc.

The global histology and cytology market size is expected to reach USD 26.9 billion by 2025, according to a new report by Grand View Research, Inc. Globally, the increasing incidence of cancer and growing adoption of cytological tests due to its less invasive nature as compared to biopsy & higher reliability are likely to drive the market during the forecast period. 
Furthermore, rising well-equipped clinical laboratories in developing countries and favorable reimbursement for cancer screening and laboratory tests are likely to positively affect the market growth. Advancements in the cytology and histology save the time for pathologists, hence this makes the service more cost-effective.
Cytology was the largest segment in the histology and cytology market in 2016 and is expected to maintain its dominance during the forecast period due to the recent entry of various tests for cytological testing and advantages over histology such as faster analysis and economical technique.
Cytology is further segmented into cervical, breast, and other cancers based on its application. Cervical cancer segment dominated in 2016 due to higher incidence and growing demand of test for the cervical cancer screening. Furthermore, breast cancer was considered as the second largest segment due to rising awareness about breast cancer screening in emerging countries.
Further Key Findings From the Report Suggest:
·         Rising incidence of cancer and growing investment by players are expected to propel growth at the fastest rate with a CAGR of 13.5% from 2017 to 2025
·         Cytology testing segment dominated in 2016 and is estimated to account for majority of the share by 2025.
·         Cytological testing for cervix is the largest contributing segment of the market. This can be attributed to high incidence and more adoption of the test for cervix screening.
·         The U.S. market was the largest in 2016 and is expected to maintain its dominance during forecast period due to higher awareness about screening and higher healthcare expenditure as compared to the developing countries.
·         In February 2014, Roche launched a new test for cervical cancer screening, Automated CINtec PLUS cytology test, which improves the detection of cervical precancer.
·         The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to growing investment by several clinics in the region, growing healthcare expenditure, and increasing adoption of screening tests.
·         Some of the key players operating are Abbott Laboratories; Becton, Dickinson and Company; F. Hoffmann-La Roche Ltd.; Hologic, Inc.; Life Technologies Corporation; Sysmex Corporation; Thermo Fisher Scientific, Inc.; and Trivitron Healthcare.
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the global histology and cytology market on the basis of type of examination and region:
Type of Examination Outlook (Revenue, USD Million, 2014 - 2025)
·         Cytology
·         Cervical Cancer
·         Breast Cancer
·         Other Players
·         Histology
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·         North America
o    U.S.
o    Canada
·         Europe
o    U.K.
o    Germany
·         Asia Pacific
o    Japan
o    China
·         Central & South America
o    Brazil
o    Mexico
·         Middle East & Africa
o    South Africa
Access press release by Grand View Research: https://www.grandviewresearch.com/press-release/global-histology-cytology-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: http://www.grandviewresearch.com



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Breathable Film Market Expected To Reach Due To Growing Demand For Breathable Films Till 2024 : Grand View Research, Inc.

The global breathable film market is expected to reach USD 22.83 billion by 2024 according to a new report by Grand View Research, Inc. The growing demand for breathable films in the packaging, healthcare, hygiene, and apparel industry is anticipated to drive market demand over the coming years. 
The breathable film market is strongly influenced by new product developments and expansions into emerging markets. The increasing use of breathable films in hygiene and building & construction market is anticipated to boost the market growth in Asia Pacific. Stringent regulations concerning use of protective apparel in the healthcare and industrial sector are expected to augment future market growth. 
Rising demand for waterproof garments in sports apparels is projected to propel the demand for breathable films over the forecast period. Increasing investments in the healthcare sector is expected to drive the demand for masks, gloves, drapes, sheets, and other disposable garments over the coming years.
Further key findings from the report suggest:
·         The global breathable film market demand was 5.48 million tons in 2015 and is expected to reach 8.92 million tons by 2024, growing at a CAGR of 5.6% from 2016 to 2024
·         Polyester dominated the breathable film market in 2015 accounting for around 33% of the global market demand in the raw material segment. It is also expected to witness the highest growth of 6.0% over the forecast period.
·         Non-porous films were the leading product segment and accounted for over 70% of global demand in 2015. Increasing penetration for healthcare and food packaging application is expected to drive this segment over the forecast period.
·         The packaging segment occupied the largest share in 2015, on account of growing demand for breathable films in the convenience food, confectionery & bakery products, meat, and processed food market.
·         Asia Pacific is anticipated to witness a significant growth over the forecast period on account of the growing building & construction and manufacturing sector
·         The increasing demand for protective apparel in the medical and industrial sector of North America and Europe is anticipated to boost future market growth in this region.
·         Major companies identified in the market include Argotec LLC., Arkema, Clopay Plastics, Fatra, a.s., Kimberley-Clark, and Nitto Denko Corporation among others. 
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/specialty-and-fine-chemicals
Grand View Research has segmented the breathable film market on the basis of raw material, product, application, and region:
Global Breathable Films Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·         Polyester
·         Polyethylene
·         Polypropylene
·         Others
Global Breathable Films Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·         Microporous
·         Microvoid
·         Non-porous
Global Breathable Films Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·         Hygiene
·         Healthcare
·         Building & Construction
·         Industrial Protective Apparels
·         Packaging
·         Sports Apparels
·         Others
Global Breathable Films Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·         North America
o    U.S.
·         Europe
o    Germany
o    UK
o    France
·         Asia Pacific
o    China
o    India
o    Japan
o    Malaysia
o    Indonesia
o    Thailand
·         Central & South America
o    Brazil
·         Middle East & Africa
o    Saudi Arabia
Access press release by Grand View Research: https://www.grandviewresearch.com/press-release/global-breathable-film-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: http://www.grandviewresearch.com
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Thursday 18 January 2018

Thermal spray coating market expected to reach USD 12.29 billion by 2022 : Grand View Research, Inc.

Global thermalspray coating market is expected to reach USD 12.29 billion by 2022, according to a new study by Grand View Research, Inc. Growing need for corrosion resistant coating in aerospace and industrial gas turbines (IGT) is expected to fuel demand over the next seven years. 
“Automobile Mission Plan” introduced by the Government of India in 2006 for a period of 10 years is expected to provide impetus to the automotive industry in turn positively impacting demand over the forecast period. 
Increasing application scope in medical, textile, and paper industry on account of superior properties such as enhanced traction, electrically conducive nature, biocompatibility oxidation and cavitation resistance is expected to promote market. 
North America and Europe are expected to witness substantial market growth in light of increasing use in healthcare industry for the manufacturing of bioceramic coating used in implants. These coating are both biocompatible and corrosion resistant making them ideally suited for use in the application. 
Replacement of hard chrome by thermal spray coating in various aerospace and automotive applications is expected to result in high growth over the forecast period.
Further key findings from the study suggest:
·         Ceramics are expected to be the fastest growing segment in terms of revenue. It is expected to grow at a CAGR of 7.0% from 2015 to 2022. Stringent government regulations, particularly in North America and Europe, have led to increasing need for environment friendly and sustainable compounds.
·         Aerospace was the largest application segment valued at USD 2.55 billion in 2014. Increasing government expenditure particularly in the civil aviation sector will propel thermal spray coating market over the next seven years. Furthermore, rising need for wear and corrosion resistant products that can withstand high temperatures is expected to have a positive impact on the industry over the forecast period.
·         North America was the largest regional consumer of thermal spray coating with revenue valued at over USD 2.10 billion in 2014. Rapid urbanization as a result of growing population and increasing disposable income is expected to augment automobile industry in Mexico. This in turn is expected to augment industry growth over the next seven years.
·         Global market is fragmented owing to presence of numerous manufacturers, most of which are integrated across various stages of the value chain. These companies aim to develop and introduce new technologies for thermal spray coating manufacturing in order to gain higher market share.
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks

Grand View Research has segmented the global thermal spray coating market on the basis of product, application and region: 
Thermal Spray coating Product Outlook (Revenue, USD Million, 2012 - 2022)
·         Metal
·         Ceramic
·         Intermetallic
·         Polymer
·         Others
Thermal Spray coating Application Outlook (Revenue, USD Million, 2012 - 2022)
·         Aerospace
·         Industrial Gas Turbines (IGT)
·         Automotive
·         Others
Thermal Spray coating Regional Outlook (Revenue, USD Million, 2012 - 2022)
·         North America
o    U.S.
·         Europe
o    Germany
o    UK
·         Asia Pacific
o    Japan
o    China
o    India
·         Latin America
o    Brazil
·         MEA
Access press release by Grand View Research: https://www.grandviewresearch.com/press-release/global-thermal-spray-coating-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: http://www.grandviewresearch.com



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