Strategic Analysis of the North American Tactical Communication Industry 2028
The tactical communication market in North America is expected to grow from US$ 6,715.26 million in 2021 to US$ 11,172.21 million by 2028. It is estimated to grow at a CAGR of 7.6% from 2021 to 2028.
Tactical Communication Advancements Driving North American Market Growth
The aerospace and d... moreStrategic Analysis of the North American Tactical Communication Industry 2028
The tactical communication market in North America is expected to grow from US$ 6,715.26 million in 2021 to US$ 11,172.21 million by 2028. It is estimated to grow at a CAGR of 7.6% from 2021 to 2028.
Tactical Communication Advancements Driving North American Market Growth
The aerospace and defense sectors heavily rely on advanced communication systems to maintain seamless contact between personnel, whether at remote sites, base stations, or ground control. For defense forces, privacy and security of tactical communications are paramount. These forces require robust, long-distance communication capabilities to transmit real-time intelligence to troops, depending on complex networks of physical and software components.
Tactical communication is a vital military system that ensures the swift and secure transfer of information, including orders and intelligence, across the battlefield during combat. With ongoing advancements in communication technology, land-based forces are increasingly utilizing advanced wireless technology and cellphones for operations, both in ground vehicles and as dismounted infantry. This growing need for secure, on-the-move communication for land forces is fueling the demand for smaller, more mobile solutions like manpack radios. Additionally, there's a rising call for SATCOM-on-the-move (SOTM) solutions, enabling soldiers to maintain communication links even while their vehicles are in motion.
Significant investments underscore this trend. For example, in January 2021, Envistacom secured a US$ 235 million prime contract from the US Army. This three-year task order, issued under the US Army Contracting Command's US$5.1 billion Tactical Communications Systems (GTACS) II contract vehicle, aims to establish a competitive mechanism for acquiring new technologies and services across the Department of Defense.
Despite these advancements, a key ongoing challenge in military communications is the continuous development of battlefield communication capabilities. The demand for enhanced situational awareness, the necessity of quick command and control information at the individual soldier level, and the growing need for bandwidths are all propelling the adoption of next-generation tactical communication systems. These factors are consistently boosting the growth of the North America tactical communication market, which is expected to experience a substantial Compound Annual Growth Rate (CAGR) during the forecast period. Vendors can leverage these new features and technologies to attract new customers and expand their presence in emerging markets.
Segmentation Breakdown: North America Tactical Communication Market
North America Tactical Communication Market Platform:
Airborne
Shipborne
Land
Underwater
In 2021, the land segment dominated the market share. The airborne segment is projected to exhibit the highest Compound Annual Growth Rate (CAGR) during the forecast period.
North America Tactical Communication Market Type:
Soldier radio
Manpack radio
VIC (vehicular intercommunication radio)
High-Capacity Data Radio (HCDR)
Others
In 2021, the soldier radio segment held the largest market share. The VIC (vehicular intercommunication radio) segment is anticipated to register the highest CAGR during the forecast period.
North America Tactical Communication Market Technology:
Time-Division Multiplexing (TDM)
Next-Generation Network (NGN)
In 2021, the Time-Division Multiplexing (TDM) segment accounted for a larger market share. The Next-Generation Network (NGN) segment is expected to achieve a higher CAGR during the forecast period.
North America Tactical Communication Market Application:
ISR (Intelligence, Surveillance, and Reconnaissance)
Combat
Command and Control
In 2021, the combat segment held a larger market share. The ISR segment is projected to register a higher CAGR during the forecast period.
North America Tactical Communication Market Country:
US
Canada
Mexico
In 2021, the US commanded the largest market share and is also expected to demonstrate the fastest CAGR during the forecast period.
Key Market Players: North America Tactical Communication Market
Leading companies in the North America Tactical Communication Market include:
BAE Systems
General Dynamics Mission Systems, Inc.
Iridium Communications Inc.
Northrop Grumman Corporation
Raytheon Technologies Corporation
Thales Group
Ultra
Viasat, Inc.
Airbus SAS
L3Harris Technologies, Inc.
North America Tactical Communication Strategic Insights
Strategic insights for the North America Tactical Communication provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Tactical Communication Regional Insights
The geographic scope of the North America Tactical Communication refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
Trends and Forecast: North American Polypropylene Compounds Market 2028
The polypropylene compounds market in North America is expected to grow from US$ 2,669.64 million in 2021 to US$ 3,856.32 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.
The North American polypropylene (PP) compounds market is experiencing significant growth, primaril... moreTrends and Forecast: North American Polypropylene Compounds Market 2028
The polypropylene compounds market in North America is expected to grow from US$ 2,669.64 million in 2021 to US$ 3,856.32 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.
The North American polypropylene (PP) compounds market is experiencing significant growth, primarily driven by the increasing demand from key end-use industries like automotive and building & construction. Players in the region are strategically investing and expanding their capabilities to meet this rising demand with a proven portfolio of PP solutions.
North America, encompassing the US, Canada, and Mexico, stands as a major market for polypropylene compounds. The versatility and ease of processing of PP compounds make them a preferred material across various applications.
Automotive Industry: The automotive sector is a primary driver of the PP compounds market in North America. The US boasts one of the largest automotive markets globally, and Mexico is a prominent passenger vehicle manufacturer with a growing automotive industry. PP compounds have increasingly replaced other polymers in automotive parts and components due to their advantageous properties. They are widely used in applications such as bumper fascias, interior trims, instrument panels, and door panels. This strong growth in the automotive industry is significantly contributing to the expansion of the PP compounds market.
Building & Construction: Beyond automotive, PP compounds find extensive use in the building and construction industry, as well as in electrical appliances and furniture components. The increasing adoption of PP compounds in building and construction in the region is further fueling market demand.
Strategic Investments and Expansion
Key market players are actively making strategic investments to cater to the growing needs of Original Equipment Manufacturers (OEMs) and Tier 1 customers. For instance, in 2019, Borealis inaugurated a new polypropylene compounding plant in North Carolina. This facility is strategically positioned to serve the expanding demand for advanced PP solutions, with its initial production focusing on compounds for automotive interior and exterior materials that are approved by major automotive customers. Such developments are expected to further propel market growth in the region.
Impact of COVID-19 and Market Recovery
The COVID-19 pandemic significantly impacted the North American economy, with the US experiencing a high number of confirmed cases. The subsequent lockdowns and disruptions to manufacturing facilities, including workforce availability and raw material sourcing, negatively affected the demand for PP compounds. The automotive industry, in particular, faced a massive setback.
However, the market is now in a phase of revival, largely due to government initiatives like vaccination drives. North American PP compounds market players are closely monitoring shipping, production, and vaccine-related trends. With economic recovery, various industrial sectors are strategically planning investments in advanced products to maximize revenue. The building and construction industry is also overcoming supply chain challenges. Pre-COVID investment plans are likely to resume as businesses gain confidence in stabilizing economies and anticipate increased demand, providing further impetus for the North America polypropylene compounds market growth.
North America Polypropylene Compounds Market
Segmentation North America Polypropylene Compounds Market -By Type
North America Polypropylene Compounds Market - By End User
Automotive
Electricals and Electronics
Packaging
Building and Construction
Textiles
Others
North America Polypropylene Compounds Market - By Country
US
Canada
Mexico
North America Polypropylene Compounds Market - Company Profiles
Borealis AG
Exxon Mobil Corporation
LyondellBasell Industries Holdings B.V.
SABIC
Sumitomo Chemical Co., Ltd
Total
Trinseo
North America Polypropylene Compounds Strategic Insights
Strategic insights for the North America Polypropylene Compounds provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Polypropylene Compounds Regional Insights
The geographic scope of the North America Polypropylene Compounds refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
The global neodymium iron boron (NdFeB) permanent magnet market is projected to grow significantly, reaching US$ 29,129.11 million by 2031, up from US$ 15,204.23 million in 2024. This growth reflects a robust CAGR of 10.3% during the forecast period from 2025 to 2031.
___________________________... moreNeodymium-Iron-Boron Permanent Magnet Market Size, Share & Global Insights 2021–2031
The global neodymium iron boron (NdFeB) permanent magnet market is projected to grow significantly, reaching US$ 29,129.11 million by 2031, up from US$ 15,204.23 million in 2024. This growth reflects a robust CAGR of 10.3% during the forecast period from 2025 to 2031.
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Executive Summary & Global Market Analysis
The NdFeB magnet market is witnessing strong momentum, fueled by increasing adoption of high-performance, energy-efficient technologies across diverse industries. These magnets are known for their exceptional magnetic strength, compact size, and versatility—attributes that make them indispensable in electric vehicles (EVs), wind turbines, consumer electronics, and medical devices.
Key growth drivers include:
• The global transition to renewable energy sources
• Rapid electrification in automotive and industrial sectors
• Miniaturization and automation of electronic devices
Emerging trends such as recycling of rare earth elements, supply chain resilience, and environmental sustainability are reshaping the competitive landscape. Market players are also heavily investing in advanced manufacturing technologies and collaborative R&D to enhance performance and sustainability.
Despite the market’s dominance by established Asian manufacturers, new opportunities are opening for companies that can deliver differentiated value such as higher magnet quality, local supply chains, and lower carbon footprints.
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Market Segmentation Analysis
By Type:
• Sintered NdFeB Magnets (Dominant in 2024)
• Bonded NdFeB Magnets
By End-User:
• Automotive (Leading segment)
• Consumer Electronics
• Power Generators (Wind Turbines)
• Industrial Automation & Robotics
• Medical Devices
• Others
By Geography:
• North America
• Europe
• Asia-Pacific (Leading region)
• Middle East & Africa
• South & Central America
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Key Market Drivers and Opportunities
Electrification of Transportation
The increasing adoption of electric vehicles globally is one of the strongest drivers of NdFeB magnet demand. These magnets are critical components in EV motors, offering unmatched energy efficiency and magnetic strength. Regulatory mandates, consumer preferences for cleaner mobility, and infrastructure investments are further fueling this trend.
Industrial Automation and Energy Sector Growth
The global shift toward automation, smart manufacturing, and wind energy generation also significantly contributes to the demand for high-performance NdFeB magnets.
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Type-Based Market Insights
Sintered NdFeB magnets held the largest market share in 2024. These magnets are produced using powder metallurgy, providing superior temperature stability, demagnetization resistance, and magnetic performance—ideal for demanding applications in EVs, renewable energy, and robotics.
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Key Players in the NdFeB Magnet Market
• Hitachi Metals, Ltd.
• Shin-Etsu Chemical Co., Ltd.
• TDK Corporation
• Ningbo Yunsheng Co., Ltd.
• Beijing Zhong Ke San Huan High-Tech Co., Ltd.
• Vacuumschmelze GmbH & Co. KG
• Neo Performance Materials Inc.
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About Us
Business Market Insights provides data-rich intelligence across industries like healthcare, electronics, automotive, aerospace, and chemicals. Our actionable insights help global stakeholders make informed strategic decisions.
The global laparoscopes market is poised for significant growth, projected to reach US$ 6,746.51 million by 2031, up from US$ 3,535.70 million in 2024, growing at a robust CAGR of 9.7% between 2025 and 2031.
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Executive Summary & Market Overview
The market is witnessing strong momentum due to:
• The wid... moreLaparoscopes Market Size, Share & Global Insights 2021–2031
The global laparoscopes market is poised for significant growth, projected to reach US$ 6,746.51 million by 2031, up from US$ 3,535.70 million in 2024, growing at a robust CAGR of 9.7% between 2025 and 2031.
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Executive Summary & Market Overview
The market is witnessing strong momentum due to:
• The widespread adoption of high-definition (HD), 3D, and 4K laparoscopes
• Increasing volume of minimally invasive procedures
• Rise in same-day surgeries and outpatient care demand
Technological advancements, such as 4K and 3D imaging systems, are reshaping the surgical landscape. 4K systems offer four times the resolution of HD, enhancing precision and image clarity, despite higher costs. A 2024 systematic review of 23 randomized trials found 3D laparoscopes reduced operative time and potential blood loss. However, recent NCBI studies (2025) suggest some clinicians may favor 4K systems for visual clarity, despite mild side effects.
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Executive Summary and Global Market Analysis:
The global laparoscopes market is experiencing significant growth driven by shift toward high-definition visualization, growing laparoscopic procedure volume, and surge in same-day surgeries. Laparoscopic devices encompass rigid laparoscopes, flexible laparoscopes, and robot-assisted laparoscopes. This segment's leading position is bolstered by the advancement of High-Definition (HD), 3D, and 4K laparoscopes, rapidly becoming the standard of care.
Market Segmentation Overview
By Product:
• Rigid Laparoscopes (largest market share in 2024)
• Flexible Laparoscopes
• Robot-Assisted Laparoscopes
By Application:
• General Surgery (leading segment)
• Bariatric Surgery
• Gynecological Surgery
• Colorectal Surgery
• Others
By End User:
• Hospitals & Clinics (dominant in 2024)
• Ambulatory Surgical Centers
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Growth Drivers and Opportunities
🔍 High-Definition Imaging as a Game Changer
The shift to HD and 4K systems has improved laparoscopic surgery precision. Earlier systems often lacked resolution, creating difficulties in complex dissections. Today, enhanced visualization minimizes surgical errors and improves outcomes.
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Key Market Players
• Medtronic Plc
• Johnson & Johnson
• Olympus Corp
• Stryker Corp
• Karl Storz SE & Co KG
• Boston Scientific Corp
• B Braun SE
• Smith & Nephew Plc
• Conmed Corp
• Intuitive Surgical Inc
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Report Coverage
This report provides in-depth analysis, including:
• Global, regional, and country-level forecasts
• Key market trends and dynamics
• SWOT analysis
• Competitive landscape with heatmap analysis
• Detailed company profiles
• Regulatory and reimbursement frameworks
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About Us
Business Market Insights delivers in-depth, data-rich market intelligence across verticals such as healthcare, electronics, automotive, aerospace, and chemicals. Our expert research and actionable insights support strategic decisions globally.
The global cancer chemotherapy market is poised for substantial growth — projected to reach US$ 84,044.04 million by 2031 from US$ 39,509.70 million in 2024, registering an impressive CAGR of 11.5% from 2025 to 2031.
🔍 Executive Summary & Market Dynamics:
The global cancer chemotherapy market is experiencing significant growth ... moreCancer Chemotherapy Market Size, Share & Global Insights (2022–2031)
The global cancer chemotherapy market is poised for substantial growth — projected to reach US$ 84,044.04 million by 2031 from US$ 39,509.70 million in 2024, registering an impressive CAGR of 11.5% from 2025 to 2031.
🔍 Executive Summary & Market Dynamics:
The global cancer chemotherapy market is experiencing significant growth driven by rising global incidence of cancer coupled with an aging population, increasing access to oncology care in emerging markets, and combination with surgery, radiation, and targeted therapies. Cancer therapeutics encompasses alkylating agents, antimetabolites, anti-tumor antibiotics, topoisomerase inhibitors, mitotic inhibitors, and others. Chemotherapy can stop or slow down the growth of cells through the cytotoxic ability of drugs
Growth is fueled by the rising global incidence of cancer, an aging population, and expanding access to oncology care, particularly in emerging markets. Chemotherapy — encompassing alkylating agents, antimetabolites, anti-tumor antibiotics, topoisomerase inhibitors, and mitotic inhibitors — remains a cornerstone of cancer treatment.
According to NIH estimates, around 650,000 cancer patients in the US receive chemotherapy each year. The therapeutic goal: shrink tumors to facilitate surgical removal and improve patient outcomes.
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🔬 Market Segmentation:
• By Therapy Type: Alkylating agents dominate, driven by their broad applicability and affordability.
• By Indication: Lung cancer led market share in 2024.
• By Distribution Channel: Hospital pharmacies held the largest share.
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🌍 Key Growth Driver:
Increased access to oncology care in emerging markets such as Asia-Pacific, Latin America, and parts of Africa is a major driver. Investments in healthcare infrastructure, universal health coverage, and inclusion of chemotherapy drugs in essential medicine lists are improving treatment access significantly.
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🧪 Leading Companies:
• Astellas Pharma Inc
• Eli Lilly and Co
• Novartis AG
• Merck KGaA
• Johnson & Johnson
• AstraZeneca
• Pfizer Inc
• Bristol Myers Squibb
• F. Hoffmann-La Roche Ltd
• AbbVie
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📊 About Us:
Business Market Insights delivers intelligent, data-driven insights across healthcare, automotive, electronics, aerospace, and more—empowering stakeholders to make informed strategic decisions.
Residential Applications of Soundproof Curtains: Market in North America Size & Trends 2028
The soundproof curtains market in North America is expected to grow from US$ 329.53 million in 2021 to US$ 529.59 million by 2028; it is estimated to grow at a CAGR of 7.0 % from 2021 to 2028.
The North American soundproof curtain market is currently seeing a significant shift ... moreResidential Applications of Soundproof Curtains: Market in North America Size & Trends 2028
The soundproof curtains market in North America is expected to grow from US$ 329.53 million in 2021 to US$ 529.59 million by 2028; it is estimated to grow at a CAGR of 7.0 % from 2021 to 2028.
The North American soundproof curtain market is currently seeing a significant shift towards using eco-friendly raw materials. While traditional noise barriers often rely on synthetic materials that can pose health concerns, there's a growing interest in natural fibers like paddy straw and coconut fibers as sustainable alternatives. These natural fibers are not only biodegradable, lightweight, and non-toxic, but also offer economic advantages, making them an attractive option for creating effective and environmentally sound noise barriers. They can even be blended with synthetic fibers to create a powerful sound-absorbing layer.
Understanding the Soundproof Curtain Market
The North American soundproof curtain market is highly competitive, with many regional and local companies offering a wide range of solutions. These curtains are specifically designed to combat noise pollution by blocking external sound and reducing echo within rooms, leading to a clearer acoustic environment. They are easy to install, require minimal maintenance, and also provide thermal insulation.
Soundproof curtains are typically made from various materials, including glass wool, rock wool, plastic foams, and increasingly, natural fibers. Many incorporate a vinyl core—a blend of crushed limestone and PVC—to effectively reflect incoming noise.
The increasing awareness of the health risks associated with noise pollution, such as sleep disturbances, hearing loss, stress, and heart disease, is driving consumers to invest in soundproof solutions. Furthermore, government regulations worldwide are imposing stricter limits on noise levels. For instance, the US Occupational Noise Exposure Regulation mandates that industrial employers keep sound levels below 90 dB for their employees. These regulations are fueling the demand for soundproof curtains, especially those made from acoustic insulation materials like glass wool and vinyl, with a growing demand in the building and construction industry, particularly within the residential sector.
COVID-19's Impact on the Market
The COVID-19 pandemic significantly impacted the North American soundproof curtain market, particularly in the US. The unprecedented rise in coronavirus cases in early 2020 led to a halt in manufacturing activities for soundproof curtains, as well as related chemicals and materials. This decline in overall manufacturing projects subsequently reduced the demand for soundproof curtains. Similar trends were observed in other North American countries like Mexico, Canada, Panama, and Costa Rica. However, with economic activities regaining momentum, especially from early 2021, these countries are expected to see a recovery in demand.
North America Soundproof Curtains Market Segmentation
North America Soundproof Curtains Market -By Type
Sound-Insulating
Noise-Reducing
Sound-Blocking
North America Soundproof Curtains Market -By Material
Glass Wool
Rock Wool
Plastic Foams
Natural Fibers
North America Soundproof Curtains Market -By End-User
Glass Wool
Rock Wool
Plastic Foams
Natural Fibers
North America Soundproof curtains Market – By Country
Residential
Commercial
Industrial
North America Soundproof curtains Market – Company Profiles
Acoustical Surfaces, Inc.
Amcraft Manufacturing, Inc.
eNoise Control
Flexshield Group Pty, Ltd.
Great Lakes Textiles
Kinetics Noise Control, Inc.
Sound Seal
Steel Guard Safety Products, Inc.
Quiet Curtains
North America Soundproof Curtains Strategic Insights
Strategic insights for the North America Soundproof Curtains provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Soundproof Curtains Regional Insights
The geographic scope of the North America Soundproof Curtains refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
Sanger vs Third‑Gen Sequencing Reagents – North American Trends 2028
The North America sequencing reagents market is expected to reach US$ 5,464.95 million by 2028 from US$ 2,353.66 million in 2021; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028.
Sequencing Reagents: Fueling Genomic Advancement and Clinical Integration
Sequencing reagents are crucial co... moreSanger vs Third‑Gen Sequencing Reagents – North American Trends 2028
The North America sequencing reagents market is expected to reach US$ 5,464.95 million by 2028 from US$ 2,353.66 million in 2021; it is estimated to grow at a CAGR of 12.8% from 2021 to 2028.
Sequencing Reagents: Fueling Genomic Advancement and Clinical Integration
Sequencing reagents are crucial components in the sequencing process, with their application directly influenced by the desired outcome. These reagents are not only vital for sequencing reactions themselves but also find use in a variety of other applications.
The market for sequencing reagents is experiencing significant growth, driven by key factors like increased funding for research and the decreasing cost of sequencing procedures. However, a shortage of skilled professionals poses a challenge to this growth.
A major impetus for the sequencing reagent market is the growing adoption of sequencing in clinical practice. Over the next five years, it's projected that genomic data from more than 60 million patients will be generated within healthcare systems. This rapid transition of genomic sequencing into clinical settings is backed by substantial government investments, with over US$4 billion committed across at least 14 countries. These national genomic medicine initiatives are fostering transformative changes in real-world scenarios, while simultaneously addressing implementation hurdles and gathering evidence to support broader adoption. This momentum directly contributes to the expansion of the sequencing reagent market. Furthermore, sustained funding from both manufacturers and governments in the genomics field is expected to bolster market growth throughout the forecast period.
Declining Costs and Technological Advancements
The price of next-generation sequencing has fallen considerably in recent years. This notable decline in sequencing costs is attributed to advancements in genomics and the development of innovative sequencing methods and strategies, all of which are propelling market growth.
North America: A Hub for Growth and Pandemic Response
In North America, the United States has been significantly impacted by the COVID-19 pandemic, placing a considerable burden on its healthcare industry. In response, scientists are collaborating to generate and share genomic sequence data, applying this information to disease diagnosis and control efforts. The U.S. is actively enhancing its capacity to track novel coronavirus mutations through genomic sequencing, as experts caution that new variants are leading to increased cases and hospitalizations. The ability to sequence the genome plays a vital role in combating COVID-19 and its emerging variants. These developments are collectively boosting the growth of the sequencing reagents market in North America.
NORTH AMERICA SEQUENCING REAGENTS MARKET SEGMENTATION
By Technology
Next Generation Sequencing
Sanger Sequencing
Third Generation Sequencing
By Reagent Type
Control Kits
Library Kits
Template Kits
Sequencing Kits
Other Reagent Types
By Application
Agri genomics and Forensics
Clinical Investigation
Oncology
Reproductive Health
Other Applications
By End User
Hospitals and Clinics
Research Institutes
Pharmaceutical and Biotechnology Companies
Other End Users
By Country
US
Canada
Mexico
Company Profiles
Pacific Biosciences of California, Inc.
QIAGEN
Takara Bio Inc.
THERMO FISHER SCIENTIFIC INC.
TriLink BioTechnologies Inc
BGI
F. HOFFMANN-LA ROCHE LTD.
Illumina, Inc.
FLUIDIGM CORPORATION
LGC Biosearch Technologies
North America Sequencing Reagents Strategic Insights
Strategic insights for the North America Sequencing Reagents provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Sequencing Reagents Regional Insights
The geographic scope of the North America Sequencing Reagents refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
Balms, Creams & Gels: Segmenting Tattoo Aftercare by Product Form 2028
The North America Tattoo Aftercare Products market is expected to reach US$ 69,580.2 million by 2028 from US$ 47,034.5 million in 2021. The market is estimated to grow at a CAGR of 5.8% from 2021–2028.
North America Tattoo Aftercare Products Market Sees Growth Driven by Rising Tattoo Popularity
The... moreBalms, Creams & Gels: Segmenting Tattoo Aftercare by Product Form 2028
The North America Tattoo Aftercare Products market is expected to reach US$ 69,580.2 million by 2028 from US$ 47,034.5 million in 2021. The market is estimated to grow at a CAGR of 5.8% from 2021–2028.
North America Tattoo Aftercare Products Market Sees Growth Driven by Rising Tattoo Popularity
The North American tattoo aftercare products market is experiencing significant growth, fueled by a rising demographic of tattooed individuals across various age groups. With over 20,000 tattoo parlors in the US, and a substantial portion of the adult population sporting tattoos, the demand for effective aftercare solutions is steadily increasing.
Statistics highlight this trend: 40% of adults aged 18-34 have at least one tattoo, a figure that remains high at 36% for those aged 35-54. Even among individuals over 55, 16% have at least one tattoo, indicating a widespread adoption of body art. Common practices, such as applying moisturizer during the healing process, underscore the need for dedicated aftercare products to aid wound healing and reduce discomfort. This widespread acceptance and increasing prevalence of tattoos are key drivers for the North America tattoo aftercare products market.
While the tattoo artist industry faced a decline in revenue in 2020 due to temporary closures and economic downturns caused by the COVID-19 pandemic, 2021 saw a significant surge in demand. The lifting of restrictions and a renewed interest in getting inked have propelled the industry forward, with profit expected to rise in the near future. Although the pandemic initially disrupted supply chains, manufacturing, and delivery schedules in North America, the market is now recovering.
Furthermore, continuous innovation in the tattoo aftercare space, including the introduction of new features and technologies, is attracting new customers and enabling vendors to expand into emerging markets. These advancements are expected to further drive the North America Tattoo Aftercare Products market, which is projected to grow at a healthy Compound Annual Growth Rate (CAGR) during the forecast period.
North America Tattoo Aftercare Products Market Segmentation
By Product
Soothing Balm
Gel
Cleaner, soap, foaming
Film
Others
North America Tattoo Aftercare Products Strategic Insights
Strategic insights for the North America Tattoo Aftercare Products provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Tattoo Aftercare Products Regional Insights
The geographic scope of the North America Tattoo Aftercare Products refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
Rise of Movement Trackers: Wearables in North American Baby Care 2022-2030
The North America smart baby monitor market was valued at US$ 497.46 million in 2022 and is expected to reach US$ 892.56 million by 2030; it is estimated to grow at a CAGR of 7.6% from 2022 to 2030.
The North America smart baby monitor market is experiencing significant growth, primarily driven... moreRise of Movement Trackers: Wearables in North American Baby Care 2022-2030
The North America smart baby monitor market was valued at US$ 497.46 million in 2022 and is expected to reach US$ 892.56 million by 2030; it is estimated to grow at a CAGR of 7.6% from 2022 to 2030.
The North America smart baby monitor market is experiencing significant growth, primarily driven by the increasing number of working parents and the region's strong inclination towards technological adoption.
Rising Number of Working Parents
The growing trend of nuclear families, fueled by urbanization and the pursuit of better education and job opportunities, has led to a rise in households where both parents work. This shift, observed in countries like the US, Canada, China, and India, directly impacts the demand for smart baby monitors. As parents increasingly rely on nannies or daycare facilities, concerns about child safety are amplified. Smart baby monitors offer a crucial solution, allowing parents to monitor their children remotely and stay connected in real-time via smartphones. The widespread smartphone penetration further facilitates this by enabling easy access to monitoring applications.
Furthermore, increased purchasing power has allowed parents to invest more in their children's safety. This, coupled with the expansion of online sales channels offering convenient access to a diverse range of products, has prompted market players to innovate. A notable example is Miku's launch of the Miku Pro Smart Baby Monitor in April 2021. This device leverages proprietary SensorFusion technology to track breathing and sleeping patterns non-invasively, providing enhanced safety and peace of mind for parents.
North America, encompassing the US, Canada, and Mexico, is a leading market for smart baby monitors. The US and Canada, being technologically advanced nations, are quick to adopt new innovations across various sectors. The market benefits from the presence of major smart baby monitoring system providers and a high level of consumer awareness regarding these solutions. The region's early adoption of advanced technologies means parents are readily embracing products that allow them to remotely track and monitor their babies' movements.
The market also thrives on healthy competition among players, driven by continuous contributions from companies and research organizations in technological advancements. North American consumers, with their high spending power, are particularly receptive to these developments. To meet the rising demand for high-quality products, companies are consistently enhancing their business processes. Moreover, the ease of securing funding through joint ventures, partnerships, and other strategies further encourages market players to innovate their monitoring system portfolios. For instance, in May 2020, Nanit, a maker of wearable baby sleep trackers, secured approximately US$ 21 million in funding through a joint venture with prominent investment firms.
The North America smart baby monitor market, valued at approximately USD 624.4 million in 2022, is characterized by its segmentation across various parameters:
Type:
Video Monitor Device: This segment held the larger market share in 2022, indicating a strong preference for visual monitoring capabilities.
Audio Monitor Device: This segment accounts for audio-only monitoring solutions.
Sales Channel:
Offline Services: This channel, encompassing brick-and-mortar stores, dominated sales in 2022, likely due to consumers' preference for in-person product evaluation and immediate purchase.
Online Services: This channel includes e-commerce platforms.
Application:
Home/Family: This application segment held the largest market share in 2022, signifying that the primary usage of smart baby monitors is within household settings.
Hospitals: Smart baby monitors are also utilized in hospital environments for infant monitoring.
Day Care: Daycare facilities also employ these devices for supervising children.
Country:
US: The United States held the dominant market share in North America in 2022.
Canada:
Mexico:
Key Players: Prominent companies operating in the North America smart baby monitor market include:
Vtech Holdings Ltd.
Koninklijke Philips NV
Samsung Electronics Co Ltd
Panasonic Holdings Corp
iBaby Labs, Inc.
INFANT OPTICS
Snuza
Dorel Industries Inc.
NETGEAR
Withings
North America Smart Baby Monitor Strategic Insights
Strategic insights for the North America Smart Baby Monitor provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Smart Baby Monitor Regional Insights
The geographic scope of the North America Smart Baby Monitor refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
The North America ready mix concrete market is expected to grow from US$ 1,81,528.28 million in 2022 to US$ 2,35,282.57 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2022 to 2028.
Drivers of the North America Ready-Mix Concrete Market
The North America ready-mix concrete mark... moreIndustrial & Institutional Sectors: Ready-Mix Concrete Market Segments 2028
The North America ready mix concrete market is expected to grow from US$ 1,81,528.28 million in 2022 to US$ 2,35,282.57 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2022 to 2028.
Drivers of the North America Ready-Mix Concrete Market
The North America ready-mix concrete market is experiencing significant growth, primarily fueled by a surge in both commercial and residential construction projects across the region. Ready-mix concrete is a preferred choice in nearly all construction endeavors due to its numerous advantages, including reduced construction time, lower maintenance costs, and versatility in application.
Growing Construction Spending
Rapid population growth has prompted governments to prioritize urban planning reforms, stimulating demand for new infrastructure. Economic stability, improved connectivity, competitive energy costs, and government diversification strategies are attracting substantial investment in residential and commercial properties. These factors, combined with initiatives like smart cities, are directly boosting ready-mix concrete sales. For example, data from the US Census Bureau shows a 14% increase in residential construction spending in the US from July 2021 to July 2022. During the same period, total spending on private construction (encompassing both residential and non-residential projects) saw a 9.9% rise.
North America, composed of developed nations like the US and Canada, alongside the developing economy of Mexico, presents a robust market for ready-mix concrete. The US stands as the largest market, with Canada and Mexico following suit. The widespread adoption of ready-mix concrete in constructing residential and commercial buildings is a key driver of market expansion across the continent. Furthermore, the North American construction industry is experiencing tremendous growth, supported by a strong economy and increased federal and state funding allocated for public works and institutional buildings.
The North American ready-mix concrete market is a dynamic sector primarily driven by robust construction activities across the region. This market is strategically segmented to understand its various facets:
Market Segmentation:
By End Use:
Residential: This segment represented the largest share of the market in 2022, indicating significant demand from housing and other residential construction projects.
Commercial: This category encompasses construction for offices, retail spaces, hospitality, and other business-related infrastructure.
Others: This segment typically includes industrial projects, as well as crucial infrastructure developments such as roads, bridges, and public facilities.
By Country:
United States: The U.S. was the dominant market in 2022, reflecting its substantial construction industry and ongoing development.
Canada: A key contributor to the North American market, with steady construction growth.
Mexico: An emerging market with increasing construction activities contributing to regional demand.
Key Market Players:
The North American ready-mix concrete market is characterized by the presence of several prominent international and regional companies, including:
Vicat SA
LafargeHolcim (now Holcim Ltd.)
Buzzi Unicem S.p.A
BARNEY AND DICKENSON INC
R.W. Sidley, Inc.
CEMEX S.A.B. DE C.V.
HeidelbergCement AG
North America Ready Mix Concrete Strategic Insights
Strategic insights for the North America Ready Mix Concrete provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Ready Mix Concrete Regional Insights
The geographic scope of the North America Ready Mix Concrete refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
Yeasts & Molds: North America Protective Cultures Market Segment Insights 2031
The protective cultures market in North America is expected to grow from US$ 54.62 million in 2021 to US$ 106.25 million by 2028; it is estimated to grow at a CAGR of 10.0% from 2021 to 2028.
Emergence of Animal Feed as a Lucrative Application for Protective Cultures
Animal feed has emerged ... moreYeasts & Molds: North America Protective Cultures Market Segment Insights 2031
The protective cultures market in North America is expected to grow from US$ 54.62 million in 2021 to US$ 106.25 million by 2028; it is estimated to grow at a CAGR of 10.0% from 2021 to 2028.
Emergence of Animal Feed as a Lucrative Application for Protective Cultures
Animal feed has emerged as a highly lucrative application area, driven by its ability to enhance animal health and performance. With rapid urbanization and growing consumption of meat, eggs, and milk across various regions, the demand for high-quality animal feed is rising significantly. These feeds play a crucial role in boosting animals’ immunity, accelerating growth, and supporting overall weight gain by delivering enriched nutrients and essential feedstuff.
The outbreak of diseases among animals has further accelerated the adoption of nutritionally balanced animal feed, which not only supports animal well-being but also ensures the safety and sustainability of the food supply chain. This increasing focus on animal health has led to notable market growth, further supported by strategic investments and expansions by major industry players aiming to broaden their product portfolios and enter new markets.
In line with the growing demand for natural and clean label solutions, protective cultures have gained traction in formulating animal feed and pet food. These cultures help maintain freshness, improve palatability, and control mold and fungal growth. In Europe, for example, silage producers are incorporating microbial strains to prevent the growth of pathogens in silage. One such example is DeLaval Inc.'s Feedtech Silage F3000, a bacterial culture that protects silage from mold, yeast, and clostridia. Rising efforts by manufacturers to innovate and develop protective cultures for animal feed preservation are expected to create substantial growth opportunities for the protective cultures market during the forecast period.
Market Overview: North America Protective Cultures Market
North America, comprising key economies such as the US, Canada, and Mexico, is witnessing robust growth in the protective cultures market. Factors such as rising per capita consumption of dairy products, increased demand for packaged foods with extended shelf life, and growing consumer awareness of minimally processed, preservative-free foods are fueling market expansion across the region.
According to the US Department of Agriculture Economic Research Service, per capita dairy consumption in the US exceeded 650 pounds in 2019, with cheese, butter, and yogurt leading this surge. As dairy consumption rises, so does the demand for clean label and sustainably sourced products. North American consumers are increasingly willing to pay a premium for products featuring natural, recognizable ingredients and transparent labeling.
Protective cultures—food-grade bacteria used to enhance body, texture, and flavor—play a pivotal role in this trend. These cultures naturally inhibit the growth of undesirable microorganisms through the production of antimicrobial compounds and have been designated as GRAS (Generally Recognized As Safe) by the US FDA. While artificial preservatives were traditionally used in dairy products, shifting consumer preferences are pushing manufacturers to embrace natural alternatives like protective cultures.
Beyond dairy, protective cultures are also being used in processed meat and poultry products to extend shelf life and curb microbial growth. As consumer demand for processed meat continues to grow across the US, Canada, and Mexico, the need for natural preservation solutions is expected to drive further market growth.
Additionally, the use of protective cultures in pet food and animal feed is gaining momentum. These cultures help maintain product freshness, enhance palatability, and prevent mold development—factors critical to both manufacturers and health-conscious consumers seeking clean label alternatives.
Impact of COVID-19 on the North America Protective Cultures Market
North America was significantly impacted by the COVID-19 pandemic, with the US reporting the highest number of confirmed cases, followed by Canada and Mexico. Despite its challenges, the pandemic brought a relatively positive shift for the protective cultures market. The crisis heightened consumer awareness of health and hygiene, prompting a stronger preference for clean label, immune-supportive food and beverage options.
This shift in consumer perception—toward more natural, minimally processed products—has extended beyond the pandemic, with sustained interest in clean label offerings for both at-home and out-of-home consumption. As a result, demand for protective cultures continues to grow, presenting lucrative opportunities for manufacturers across North America in the coming years.
NORTH AMERICA PROTECTIVE CULTURES MARKET SEGMENTATION
Bioprox
Chr. Hansen Holding A/S
DSM
International Flavors & Fragrances Inc.
Kerry Group
Lallemand Inc.
Sacco Systems
North America Protective Cultures Strategic Insights
Strategic insights for the North America Protective Cultures provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Protective Cultures Regional Insights
The geographic scope of the North America Protective Cultures refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
Future of Plastics in North American EV Industry: 2027 Forecast
The plastic for electric vehicle market in North America is expected to grow from US$ 213.50 million in 2019 to US$ 904.89 million by 2027; it is estimated to grow at a CAGR of 20.0% from 2020 to 2027.
The adoption of bio-based plastics in electric vehicle (EV) manufacturing is rapidly increasing due to a g... moreFuture of Plastics in North American EV Industry: 2027 Forecast
The plastic for electric vehicle market in North America is expected to grow from US$ 213.50 million in 2019 to US$ 904.89 million by 2027; it is estimated to grow at a CAGR of 20.0% from 2020 to 2027.
The adoption of bio-based plastics in electric vehicle (EV) manufacturing is rapidly increasing due to a growing focus on minimizing CO2 emissions and reducing vehicle weight. These sustainable materials offer a greener alternative to traditional and even recycled plastics, proving beneficial for both the environment and production costs.
Why Bio-Based Plastics Are Gaining Traction in EVs
Diverse Applications: Bio-based plastics encompass a wide range of materials, from mass-commodity options like bio-based polyethylene (PE) and polyethylene terephthalate (PET) to high-performance polymers and thermoplastic co-polyester elastomers (TPC-ET).
Reduced CO2 Emissions: By opting for bio-based plastics, manufacturers can significantly reduce their carbon footprint, aligning with global efforts to combat climate change.
Lightweighting for Greater Range: The inherent properties of plastics allow for the creation of lighter components, which directly translates to a greater range between recharges for EVs. This is particularly impactful in "out-of-sight" components, where weight reduction can be substantial.
Cost-Effectiveness: Many manufacturers have found that integrating sustainable plastic materials into EV production is a cost-effective solution, especially when compared to traditional metal components that require more complex and expensive manufacturing processes like injection molding.
Enhanced Performance: Plastics offer excellent heat resistance, making them ideal for critical EV components such as battery compartments and cooling systems. They provide durability and safety without compromising performance.
Design Versatility: As thermoplastic polymers, plastics are highly versatile and easily moldable, allowing for diverse shapes and designs to meet the specific requirements of various EV parts.
While the outlook for bio-plastics in EVs is positive, global events can pose challenges. For instance, the COVID-19 pandemic has demonstrated how disruptions, particularly in regions like the U.S. (which had a high number of confirmed cases compared to Canada and Mexico), can impact the chemical and materials industry. Supply chain disruptions, slowed manufacturing processes, and reduced research and development activities can all affect market growth.
Leading the Charge: Automakers Embracing Bio-Plastics
Prominent automotive manufacturers and suppliers worldwide are actively increasing their use of bio-plastics like bio-based polyesters and polyamides. This strategic shift aims to substantially minimize the environmental impact of their products.
For example, the KIA Soul EV extensively uses bio-plastics in various interior parts, including the carpet, door latches, and seat trims, prioritizing these over recycled plastics. Other major automakers, such as Toyota, BMW, and Nissan, are also following this trend to stay at the forefront of green technology in the evolving EV market. This widespread adoption is a significant driver for the growth of the plastics for electric vehicles market.
North America Plastic for electric vehicle Market Segmentation
North America Plastic for electric vehicle Market- by Plastic Type
North America Plastic for electric vehicle Market- by Component
Dashboard
Seats
Interior Trim
Car Upholstery
Bumper
Others
North America Plastic For Electric Vehicle Market – By Vehicle Type
BEV
PHEV/ HEV
North America Plastic For Electric Vehicle Market – By Application
Powertrain System/ Under Bonnet
Exterior
Interior
Lighting and Electric Wiring
North America Plastic for electric vehicle Market- by Country
US
Canada
Mexico
Company Profiles
BASF SE
Solvay SA
DuPont de Nemours, Inc.
The Dow Chemical Company
LG Chem Ltd.
Lanxess AG
Sabic
Covestro AG
Asahi Kasei Corporation
Lyondellbasell Industries Holdings B.V.
North America Plastics For Electric Vehicle Strategic Insights
Strategic insights for the North America Plastics For Electric Vehicle provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Plastics For Electric Vehicle Regional Insights
The geographic scope of the North America Plastics For Electric Vehicle refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
