The latest market report published by Credence Research, Inc. “Global Molecular Glues Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global molecular glues market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 9.50% between 2023 and 2030. The market was valued at USD 50.9 million in 2022 and is expected to reach USD 96.08 million in 2030.
Global molecular glues market provides key insights into the industry, including market segmentation, drivers, challenges, and growth opportunities. The report analyzes the market based on type, application, end-user, and region, highlighting the significant growth potential and the obstacles faced by the industry.
According to the report, PROteolysis Targeting Chimeras (PROTACs) molecular glues are the most popular type in the market, with cancer treatment being the largest application segment. Pharmaceutical and healthcare companies are the major end-users, contributing significantly to market share, with North America leading the market growth.
The global molecular glues market is driven by increased adhesive demand, with the use of molecular superglue expected to rise further due to ongoing research into its medicinal properties. The availability of raw ingredients required for molecular superglue production is also expected to drive demand. However, the market faces challenges such as high product development costs and fluctuating raw material prices.
Browse 140 pages report Molecular Glues Market By Application (Cancer treatment, Infectious Diseases, Genetic Diseases, Others) By End-User (Pharmaceutical and healthcare companies, Contract Research Organizations (CROs), Contract Manufacturing Organizations (CMO) etc) -Growth, Future Prospects & Competitive Analysis, 2016 – 2030) – https://www.credenceresearch.com/report/molecular-glues-market
Europe Molecular Glues Market Key Growth Trends reveal a promising outlook for the region’s adhesive industry. With a focus on innovative technologies and sustainable solutions, European manufacturers are experiencing significant growth in this sector. One key trend is the increasing demand for bio-based molecular glues, driven by consumers’ growing awareness of environmental sustainability. These eco-friendly adhesives not only offer excellent adhesive properties but also contribute to reducing carbon emissions and minimizing waste. Additionally, advancements in nanotechnology have paved the way for novel applications of molecular glues in various industries such as automotive, electronics, healthcare, and construction. This has further fueled market growth as manufacturers continue to develop new bonding materials with enhanced strength and versatility.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Molecular Glues Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- Major nations in each region with their import/export statistics
- The global Molecular Glues Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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