Industrial alcohol market is expected to reach USD 223.63 billion by 2025 : Grand View Research, Inc.

The global industrialalcohol market is expected to reach USD 223.63 billion by 2025, according to a new report by Grand View Research, Inc. Regulatory changes by distinct governments globally, mandating the use of ethanol in gasoline blend as an alternative fuel accompanied by rising demand for ethanol as octane level enhancer is driving the industrial alcohol market.

In terms of revenue, ethanol was estimated as the largest product in 2016 and the trend is anticipated to continue at a growth rate of 9.5% over the forecast period. Increasing need for fuel grade ethanol is driving its growth. On account of rising global greenhouse gas emissions, the requirement for an alternative to fossil fuels in transportation is gaining importance. Owing to its lower emission properties, ethanol among the other biofuels is largely preferred as a clean fuel in transportation. Besides fuel grade, ethanol is also available in food grade variant and is used in many industrial, pharmaceutical and food & beverage applications.

Industrial alcohol can be derived from various sources such as corn, sugarcane molasses, fossil fuels, and from grains. U.S. and Brazil dominated the ethyl alcohol market in terms of both volume and value. Corn is the largest source of ethanol in U.S. whereas sugarcane is the largest source in Brazil.

Methanol, which is largely derived form syn-gas, is used in the chemical industry as an anti-freeze, intermediate, denaturant for ethanol, fuel, and solvent for the production of various chemicals. Besides ethyl alcohol and methyl alcohol, others such as isopropyl alcohol and isobutyl alcohol, are witnessing increased applications in various end use industries.

However, the prices of industrial alcohols are fluctuating owing to the production disequilibrium in the raw materials such as sugar, natural gas and crop based starches such as corn and bagasse

Full research report on industrial alcohol market analysis:
http://www.grandviewresearch.com/industry-analysis/industrial-alcohol-market

Further key findings from the report suggest:

·         Asia Pacific is expected to witness the fastest growth, in terms of value, at a CAGR of 9.7% from 2017 to 2025 as large number of automobile manufacturers are manufacturing flexible vehicles that can adopt to gasoline and ethanol blended fuel.

·         Ethanol emerged as the largest product, in terms of revenue, in 2016 and is estimated to be valued at USD 99.04 billion by 2025. In terms of revenue, industrial alcohol applications in personal care and as fuel is expected to register the fastest growth over the forecast period.

·         Methanol was estimated as the largest industrial alcohol consumed in China due to its broad applications in industrial, cosmetic, and pharmaceutical industries. Owing to the growing chemical industries in Asia Pacific region, the demand for methanol is expected to propel over the forecast period.

·         The U.S. industrial alcohol market, in terms of revenue, was valued at USD 28,166.3 million in 2016 and is estimated to reach USD 57,975.2 million by 2025. The U.S. is the largest producer and exporter of ethanol.

·         Key players including Royal Dutch Shell Plc, BASF SE, Eastman Chemical Company have made their presence in the market where as manufacturers such as Greenfield Global, Grain Millers, Inc. and Cargill Inc. have a prominent presence in the global market.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the global industrial alcohol market on the basis of product, source, application, and region.

Industrial Alcohol Product Outlook (Volume, Million Tons; Revenue, USD Million; 2014 - 2025)

·         Ethyl Alcohol

·         Methyl Alcohol

·         Isopropyl Alcohol

·         Isobutyl Alcohol

·         Others

Industrial Alcohol Source Outlook (Volume, Million Tons; Revenue, USD Million; 2014 - 2025)

·         Grains

·         Sugar & molasses

·         Corn

·         Fossil fuels

·         Others

Industrial Alcohol End Use Outlook (Volume, Million Tons; Revenue, USD Million; 2014 - 2025)

·         Food ingredients

·         Fuel

·         Chemicals

·         Pharmaceuticals

·         Personal care

·         Others

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

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    UK

o    France

·         Asia Pacific

o    China

o    India

o    Japan

·         Central & South America

o    Brazil

·         Middle East & Africa

o    UAE

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

4K Set Top Box Market size is projected to reach USD 7.18 billion by 2024 : Grand View Research, Inc.

The global 4KSet-top Box (STB) market size is projected to reach USD 7.18 billion by 2024, as per a new report by Grand View Research, Inc. The growing inclination of the global public towards ultra-high definition video viewing can be attributed as a major reason for the 4K STB market growth.

The demand for media-rich home entertainment services among consumers is increasing and is anticipated to fuel market growth. The growth is further fostered by favorable government initiatives, large-scale digitization programs, and mandatory installation of set top boxes. Improved standard of living owing to increased purchasing power is positively impacting the industry growth.

The initiatives undertaken by the Federal Communications Commission for supporting third party STB manufacturers is paving the way for the expansion of the Ultra High-Definition (UHD) STB industry. The market is anticipated to gain traction in Asia Pacific owing to the strong presence of low-cost set top box manufacturers, especially in countries such as Korea, Taiwan, and China.

The increasing penetration of 3D and 4K TVs and escalating demand for large screen displays are fueling the demand for Ultra High-Definition (UHD) STBs. Smart features such as STB operability through voice commands given by Remote Control Unit (RCU) is garnering high potential. The computational capabilities of STBs in combination with the advent of quality standards to satiate growing customer expectations have culminated in the STB market growth.

Full research report on 4K Set-top Box (STB) market analysis: http://www.grandviewresearch.com/industry-analysis/4k-set-top-box-market

Further key findings from the report suggest:

·         Internet Protocol Television (IPTV) 4K STBs accounted for over 20% of the market share in 2015 and are expected to witness considerable growth over the forecast period. Increasing broadband penetration can be attributed as the major reason for the rise in the market share of IPTV 4K Set-top Box devices. The IPTV set top box product segment is projected to gain traction owing to benefits such as integration of TV, PC, home phone, and wireless devices offering a high quality of viewing experience to the end-users.

·         The Asia Pacific 4K STB market was valued at over just over USD 50 million in 2015 and is projected to witness high growth over the next eight years. India is poised to emerge as a lucrative market for UHD STBs with the country expected to witness a CAGR substantially higher than the regional average. Several DTH operators such as Tata Sky, Videocon, and Airtel have launched UHD STBs and are attempting to achieve a higher rural penetration with affordable regional packages.

·         Key industry participants include ZTE Corporation, SAGEMCOM, Arion Technology, Roku Inc., and Infomir LLC. Manufacturers are emphasizing on UHD STBs incorporated with interactive 4K content to gain a competitive edge in the industry.

·         Technology giants such as Apple Inc. have managed to make their mark in this competitive industry. The Apple TV device aids the streaming of (Over-The-Top) OTT content and other videos over the internet. The launch of advanced OTT devices such as Google Inc.’s Chromecast media streaming device and Amazon’s Fire TV STBs have opened up new avenues in the industry.

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/digital-media

Grand View Research has segmented the global 4K Set-top Box (STB) market on the basis of product and region:

4K Set-top Box (STB) Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2013 - 2024)

·         IPTV

·         Satellite

·         DTT

·         OTT

·         Hybrid

4KSet Top Box (STB) Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2013 - 2024)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    UK

·         Asia Pacific

o    India

o    China

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         MEA

Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-4k-set-top-box-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/

Medical Device Testing Services Market size is expected to reach USD 13.4 billion by 2025 : Grand View Research, Inc.

The global medicaldevice testing services market size is expected to reach USD 13.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.5% during the forecast period. Increasing spending in preclinical phase of medical devices coupled with growing outsourcing rate is anticipated to help the market gain significant traction.

Surging demand for in-vitro test is also projected to fuel demand for testing services as many CROs are developing novel in-vitro methods to replace traditional in-vivo methods, which require animal testing. Improvements in procedures for development and standardization of novel in vitro test methods, particularly for sensitization, cytotoxicity, and irritation, are also working in favor of the market.

There has been a significant increase in preclinical spending for both pharmaceutical and medical devices. This trend is estimated to contribute to the demand for testing services by medical device companies.

Stringent regulatory standards pertaining to user safety are supporting growing trend of outsourcing medical device testing services. Increasing demand for good quality products is poised to further trigger the demand for testing services by medical device companies. These companies are constantly trying to comply with stringent regulatory norms put forth by authorities across the globe.

A significant consolidation in the CRO space has been observed in recent years. For instance, in October 2017, Sterigenics International LLC acquired Toxikon Europe N.V., the European division of Toxikon Corporation, to strengthen its preclinical service portfolio for pharmaceutical and medical device companies.

Full research report on medical device testing services market analysis: https://www.grandviewresearch.com/industry-analysis/medical-device-testing-services-market

Further key findings from the report suggest:

·         The global biocompatibility testing market is anticipated to reach USD 4.1 billion by 2025, at a CAGR of 11.3% from 2017 to 2025

·         In terms of service, the chemistry test segment is likely to show the fastest growth during the forecast period

·         In terms of development phase, preclinical testing held the largest market share in 2016. The segment will continue to dominate the market throughout the forecast period, accounting for about two third of the overall revenue by 2025.

·         Asia Pacific is expected to dominate the medical device testing service market during the forecast period. The regional market will post a CAGR of over 12.0% during the same period. Europe and North America held remarkable cumulative share in 2016 owing to well established manufacturing infrastructure for high end and complex medical devices

·         The market is partially consolidated and competitive in nature. Some of the key companies present in the market are Toxikon, Inc.; SGS SA; Eurofins Scientific, LLC; Intertek Group plc; WuXi AppTec, Pace Analytical Services, NORTH AMERICAN SCIENCE ASSOCIATES INC.; Sterigenics International LLC; Charles River Laboratories International Inc.; American Preclinical Services; and Medical Device Testing Services.

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

Grand View Research has segmented the global medical device testing services market report on the basis of service, phase, and region:

Medical Device Testing Services Service Outlook (Revenue, USD Million, 2014 - 2025)

·         Biocompatibility Tests

·         Chemistry Test

·         Microbiology & Sterility Testing

o    Bioburden Determination

o    Pyrogen & Endotoxin testing

o    Sterility Test & Validation

o    Antimicrobial Activity Testing

·         Package Validation

Medical Device Testing Services Phase Outlook (Revenue, USD Million, 2014 - 2025)

·         Preclinical

·         Clinical

Medical Device Testing Services Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    France

o    Germany

·         Asia Pacific

o    Japan

o    China

o    India

·         Latin America

o    Brazil

o    Mexico

·         MEA

o    South Africa

Access Full Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-medical-device-testing-services-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/