Chemical Insights - Industry Forecast

  The North America industrial vending machine market size is expected to reach USD 2.00 billion by 2030, expanding at 9.6% CAGR from 2023 to 2030, according to a new study by Grand View Research Inc. Industrial vending machines have grown in popularity in North America, where they can be found in diverse locations such as manufacturing factories, warehouses, and distribution centers. These machines let staff easily access equipment and supplies while allowing management to check usage and limit expenditures. Also, the need for improved inventory management, cost control, and increased safety measures is driving the market. One of the main driving factors in the market is the requirement for firms to improve their inventory management operations. Many firms require assistance in maintaining inventory levels, which can lead to stockouts and production delays. This challenge is addressed by industrial vending machines, which provide real-time inventory tracking and automated restocki...

  The global non-thermal pasteurization market size is anticipated to reach USD 6.82 billion by 2030, expanding at a CAGR of 20.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand for minimally processed and natural foods is considered an important factor driving the demand. As consumers are becoming more health-conscious and demanding foods with increased shelf life, the demand for non-thermal pasteurization equipment is anticipated to grow over the forecast period. The rising demand for energy-efficient, scalable, commercially viable, and cost-efficient pasteurization methods is fueling the demand for non-thermal pasteurization equipment. The food & beverage industry players are consistently investing to adopt new equipment and processes that can improve the shelf life of products and food safety and cater to their unique operational and business needs. The escalating demand for meat and poultry products in the U.S. has become a sign...

  The global kaolin market size is expected to reach USD 5.22 billion by 2030, registering a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The rising prominence of kaolin especially in the manufacturing of whiteware ceramics is projected to aid the market growth over the predicted timeline. According to the stats released by the United States Geological Survey (USGS) in 2022, the global production of kaolin was estimated at around 46 million tons in 2020. The key kaolin-producing countries are the U.S., Uzbekistan, China, India, Germany, the Czech Republic, and others. Among these countries, India was the front runner with a total estimated production volume of approximately 7.6 million tons in 2020. Key global players in the kaolin industry include BASF SE, Sibelco, and Imerys SA. There are no significant merger & acquisition activities observed in recent years. Although, Sibelco N.V. and Thiele Kaolin Company initiated some acqu...

  The global infection control market size is expected to reach USD 359.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 6.7% from 2023 to 2030. The market is driven by rising concerns with respect to a significant upsurge in hospital-acquired infections globally. This is believed to facilitate greater penetration of infection control products. An influx in the development of new biologics and subsequent demand for sterilized formulations serve as key growth factors for the overall market. Healthcare organizations are focused on implementing strategies for early recognition, reporting, isolation, and surveillance of disease episodes of potential public health concern. In addition, an increasing number of intensive training modules, for nurses and other medical staff, on infection prevention and control is presumed to provide high potential for extensive usage of infection control products over the coming years. F...

  The global bioinformatics market is expected to reach USD 28.5 billion by 2030, registering a CAGR of 13.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing clinical development of biopharmaceutical and increasing need for three-dimensional drug designing technology are expected to drive the market growth over the next five years. Furthermore, the development of bioinformatics tools and analysis platforms coupled with the introduction of novel technologies are expected to be high impact rendering factors for the growth of this market. Increasing demand for faster development of novel API and biopharmaceuticals is also expected to enhance the growth of this industry. Growth in the number of research and development studies in various ‘-omics’ related segments and the need for integration of the large amounts of biological data generated from these studies are also expected to encourage industry players to develop faster, more efficient, and versati...

The global smart glass market size is expected to reach USD 12.76 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to grow at a CAGR of 9.9% from 2023 to 2030. The growth of the market can be attributed to the growing product demand across the automotive and architectural industries. The emerging trend of deploying innovative technologies in new buildings has instigated the adoption of smart glass products in the architectural sector. The market's expansion is attributed to the growing investment in infrastructure development, high demand for luxury vehicles equipped with smart glass, and government initiatives to construct eco-friendly and energy-efficient buildings. An increase in the glazing area in commercial and residential buildings is expected to affect demand positively over the next few years. An increasing number of architects suggest using this glass to construct new buildings, which is estimated to lead to high demand in architectur...