Construction Intelligence Report

  Biopharmaceutical CMO and CRO Industry Overview The global biopharmaceutical CMO and CRO market size was valued at USD 29.4 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.6% over the forecast period. There was unprecedented growth in 2020 due to the COVID-19 pandemic. The rising investments in the biopharmaceutical industry by the prominent participants to enhance their productivity and efficiency have driven the bio manufacturers to increase their focus on outsourcing activities. Currently, biopharma companies have begun outsourcing the resource and capital-intensive steps and, in a few cases, the entire chain of biomanufacturing, thereby boosting the demand for contract-based services.   Gather more insights about the market drivers, restrains and growth of the Global Biopharmaceutical CMO And CRO Market The coronavirus pandemic has resulted in disruptions in the supply chain of the overall pharmaceutical industry. However, t...

  C-RAN Industry Overview The global C-RAN market size was valued at USD 8.47 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 22.7% from 2020 to 2027. C-RAN (Cloud Radio Access Network) is defined as either a Virtual/Cloud-radio access network or a Centralized-radio access network. Increasing network congestion due to the wide usage of smart devices and limited spectrum availability has driven the demand for efficient and enhanced network architecture such as C-RAN over the past five years.   Gather more insights about the market drivers, restrains and growth of the Global C-RAN Market   The evolution of 5G is anticipated to augment the encumbrance on current infrastructure and network operation model. The C-RAN architecture uses the small-cell model, which is looked upon as a promising approach to address the 5G standards. Hence, the rising measures to test 5G in countries, such as China, South Korea, the U.S., and Japan is expe...

  Insulation Industry Overview The global insulation market size was estimated at USD 57.95 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% over the forecast period.  Increasing consumer awareness regarding energy conservation is estimated to have a positive impact on the market over the forecast period. The global insulation industry has experienced limited growth as a consequence of the economic recession caused by the COVID-19 crisis, which has resulted in low investor confidence and a decline in construction activities, as a result, the insulation materials market has also experienced a catastrophic setback. The COVID-19 pandemic in the U.S affected the growth of the engineering and construction industries. The stay-at-home instructions and social distancing mandates have slowed both new and retrofit project sites in both the residential and commercial fields. In the U.S., the glass wool sector accounted for the largest share in ...

  Nucleic Acid Isolation And Purification Industry Overview The global nucleic acid isolation and purification market size was valued at USD 4.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.4% from 2021 to 2028. Key drivers contributing to the market growth are the rise in adoption of sequencing platforms in clinical diagnostics, growth in genomics and enzymology-based research, and increasing investments in R&D pertaining to molecular biology and precision medicine. The growing collaborations between different companies and organizations in the biotech industry is one of the factors driving the market. For instance, in March 2020, Zymo Research and Tecan partnered to introduce ready-to-use processing products that can streamline DNA or RNA extraction from COVID-19 specimens. The new DreamPrep NAP workstation assists laboratories to effectively and rapidly scale lab testing to provide a larger number of tests, consequently helping in...

  Glamping Industry Overview The global glamping market size was valued at USD 2.35 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.9% from 2022 to 2030. The increasing influence of social media among consumers is expected to create awareness about glamping and its benefits. In addition, major discounts, as well as irresistible holiday packages offered by various tourism sites, are expected to have a positive impact on the industry. Furthermore, factors including preferences for experiences over traditional pampering and possessions, the availability of time, and willingness by consumers to pay for luxury travel are some of the factors that will boost the industry growth during the forecast period. In recent years, glamping is referred to as “modern camping”, and has become a popular trend at a number of music festivals across the world. Glamping is offered as an upgrade option at music festivals at reasonable prices, especially if it is a...

  Clinical Trials Industry Overview The global clinical trials market size was valued at USD 47.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030. However, the market growth was hindered in 2020 due to the COVID-19 pandemic. In 2020, Parexel and Synairgen plc formed a strategic collaboration for conducting a Phase III study of an Interferon-beta (IFN-beta) treatment for COVID-19 patients. Such strategic initiatives by CROs are expected to minimize the hindrance and boost the market growth. Hence, the market is expected to grow owing to factors such as globalization of clinical trials, rapid technological evolution, and a rise in demand for CROs for conducting research activities. The current pandemic has led to changing the ways of conducting ongoing or upcoming clinical trials. Regulatory agencies, such as the U.S. FDA, the European Medicines Agency (EMA), the National Institutes of Health (NIH), and China’s National Me...

  Clinical Trial Supplies Industry Overview The global clinical trial supplies market size was valued at USD 2.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030. The growth is attributed to globalization, a rise in the number of clinical trials, and an increase in the number of biologics & biosimilar drugs in clinical trials. The COVID-19 pandemic has negatively impacted the market, resulting in a low growth rate in 2020 and the first half of 2021. This, in turn, has further propelled technological advancements in supply chain management, which is expected to contribute to market growth in the long run. The adoption of supply chain management systems is increasing due to rising pressure to reduce R&D expenditure and increase operational efficiency, as clinical trial supplies account for a large share of the total R&D expenditure of biopharmaceutical companies.   The outbreak of COVID-19 has accelerated ...

  Reusable Water Bottle Industry Overview The global reusable water bottle market size was valued at USD 8.64 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. The growing awareness regarding the environmental hazard has motivated people to take on the responsibility of reducing their contribution to the plastic problem. As a result, a large number of consumers across the globe have been replacing single-use plastic bottles with reusable water bottles. Moreover, the COVID-19 home isolation guidelines have, nevertheless, spurred the demand for various kitchen products, including reusable bottles. According to a blog post by Klarna, millennials and Generation X used a large portion of their income on home and garden products during the lockdown. These items included drinkware, kitchenware, as well as other household products. Consumers across the globe are increasingly opting for reusable water bottles at workplaces, colleg...

  Europe MRO Distribution Industry Overview The Europe MRO distribution market size was estimated at USD 202.88 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 2.8% from 2022 to 2030. Growing demand for repair, maintenance, and service operations in manufacturing and industrial activities majorly in Norway, Sweden, Germany, and Finland is expected to provide growth opportunities to the maintenance, repair, & overhaul (MRO) market. Commercial availability of the MRO products and skilled workforce for services has created a wide scope for the development of industrial and manufacturing activities in the region. This also has improved sales for the prominent players in European economies. Furthermore, ascending industrial output is expected to increase the MRO operations in Germany, Italy, France, and Russia.   Gather more insights about the market drivers, restrains and growth of the Europe MRO Distribution Market   Several indus...

Home Bedding Industry Overview The global home bedding market size was valued at USD 87.05 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2022 to 2030. The boom in the housing sector and growing consumer spending on home furnishings have expanded the growth scenario for the market.   The COVID-19 pandemic has had a devastating impact on the home bedding industry. However, as soon as the lockdown was announced, sales online surged. With the changing routines, people were struggling to get enough sleep. Hence, this upturn was a reflection of people searching for self-care solutions at a time when anxiety around COVID-19 caused a plethora of sleep issues. Thus, increased expenditure on comfort and bedding was an outcome, which eventually favored the growth of the market.   Gather more insights about the market drivers, restrains and growth of the Global Home Bedding market   In addition, the work-from-home revolution ca...

  Bio-succinic Acid Industry Overview The global bio-succinic acid market size was valued at USD 110.4 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.6% from 2022 to 2030. The demand for bio-succinic acid is anticipated to be driven by increased demand for bio-based products as they are harmless to humans and the environment. The market for bio-succinic acid is highly competitive due to the presence of a number of multinationals that are engaged in various production, research, and development activities constantly. The market has a variety of products that are in demand and their demand is expected to grow exponentially. Various competitive strategies are likely to increase the competitive rivalry in the future as well.   Succinic acid is a natural acid type, which is used in food, skincare, and pharma products. The usage of this product is not limited only to products, but also to the human body as it is used in various chemical pr...