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The global market for omega 3 is expected to reach USD 7.32 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer awareness regarding the health benefits associated with omega 3 coupled with rising prevalence of coronary heart diseases are expected to drive market demand over the next six years. In addition, growing demand from emerging applications such as infant formulas and pharmaceuticals would further boost the growth of the market over the next six years. Raw material procurement, consumer perception with regards to fish oil and its smell and the lack of standardization in terms of labeling and registration are expected to be key challenges for market participants in the near future.

The global market for adipic acid is expected to reach USD 7,240.8 million by 2020, according to a new study by Grand View Research, Inc. Growing demand for nylon resins and fiber from major end use industries such as automotive and electronics mainly in BRIC nations is expected to remain a key driving factor for the market over the next six years. However, volatility in raw material prices coupled with stringent regulations in Europe and North America on account of growing environmental concerns is expected to hinder the market growth over the forecast period.

The global market for image sensors is expected to reach USD 12,028.2 million by 2020, according to a new study by Grand View Research, Inc. Image sensors are primarily used in camera phones and tablets; therefore, growing demand for these devices is expected to be the key driving force for the market. Furthermore, growth in industrial, automotive and medical industries is expected to fuel market growth in the coming years.

The global market for activated carbon is expected to reach USD 5,305.0 million by 2020, according to a new study by Grand View Research, Inc. Increasing activated carbon applications for mercury removal in coal-fired power plants, coupled with MATS regulatory standards set by the EPA and similar regulations by REACH is expected to drive activated carbon demand over the next six years. Fluctuating coal prices have been a key challenge for market participants, spurring the use of coconut-shell charcoal and wood as substitute raw materials to main profitability and supply. In terms of volume, the market was estimated at 1,254 kilo tons in 2012 and is expected to grow at a CAGR of 11.7% from 2014 to 2020.

The global market for smart meters is expected to reach USD 22,177 million by 2020, according to a new study by Grand View Research, Inc. Smart meters provide two-way communication and benefits including time-based rates, faster power outage detection and resolution, and dynamic pricing among others. Initiatives by regulatory authorities to establish smart grids and ensure energy efficiency are expected to be a considerable growth driver over the forecast period.

The global market for healthcare IT is expected to reach USD 103.0 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for point of care diagnostics, home healthcare and the growing global base of geriatric population are two of the most significant drivers of this market operating at a macro-environmental level. Moreover, improvement in the market penetration rates of internet witnessed over the last decade (2000 to 2010) has created a strong platform for an expedited implementation of healthcare IT across the globe. Some of the other drivers of this market include increasing prevalence of chronic diseases such as asthma, diabetes and cardiovascular diseases and the presence of high unmet medical needs in Asia Pacific and Latin American countries coupled with constantly improving healthcare and information technology infrastructures. The implementation of healthcare reforms such as the 12th Five Year Plan in China and the consequent introduction of private healthcare establishments in this country will also fuel the future growth of this market.

The global market for animal feed additives is expected to reach USD 19.54 billion by 2020, according to a new study by Grand View Research, Inc. Growing protein demand, especially in Asia Pacific and Latin America, is expected to be a key driver for additive demand over the next six years. In addition, various disease outbreaks in livestock animals such as swine flu and foot & mouth diseases in the past decade have led to increased regulations on meat quality and safety which further has prompted the use of feed additives. Raw material and product cost concerns, especially over specialty products such as enzymes, acidifiers and trace minerals is expected to be a key issue for market participants over the next six years.

The global market for parking sensors is expected to reach USD 9,782.9 million by 2020, according to a new study by Grand View Research, Inc. Parking sensors prevent physical damage to the vehicle by alerting the driver when the automotive approaches an obstacle. Furthermore, they help prevent potential injury to pedestrians. These features are particularly useful in light of reducing parking spaces and changing dimensions of the average car, thus acting as a key driver for industry growth.

The global market for levulinic acid is expected to reach 917.2 kilo tons by 2020, according to a new study by Grand View Research, Inc. Growing applications of levulinic acid in pharmaceuticals, pesticides, cosmetics and solvents is expected to drive the demand over the next six years. In addition, technology development for levulinic acid production, in order to reduce cost to competitive levels is further expected to augment the growth of the market over the forecast period. As of 2013, levulinic acid was a small segment of the platform chemicals market but with development of applications such as Methyltetrahydrofuran (MTHF), DALA, ethyl levulinate and Diphenolic Acid, the potential demand is expected to be in excess of 25,000 kilo tons over the next six years.

The global pharmaceuticals and food anti-counterfeiting market is expected to reach USD 160.32 billion by 2030, according to a new study by Grand View Research, Inc. The rise in the consumption of counterfeit products and the implementation of strict regulations pertaining to anti-counterfeiting by the U.S. FDA are two of the primary growth drivers of this market. Moreover, anti-counterfeiting initiatives undertaken by manufacturers to curb revenue and brand image losses, the introduction of technological advancements such as ultra-high RFID tags and the high scale of counterfeiting in rapidly growing economies such as Brazil, India, China and Russia will serve this market as drivers.