Vacuum Grease Market Is Anticipated To Grow At A CAGR of 6.0% By 2025

The global vacuum grease market is expected to reach USD 155.9 million by 2025, growing at a CAGR of 6.0%, according to a new report by Grand View Research, Inc. Increasing use of high precision machines operating under vacuum environments is leading the demand for vacuum grease to provide lubrication in high temperature and pressure environments. Also, its demand is rising owing to its wide acceptance as a safe sealant among industries such as food processing, automotive and aerospace.

Vacuum grease, available in various variants depending on the base oil used, such as silicone based, hydrocarbon based, and fluorocarbon, is largely used as a sealant of O-rings, bearings, valves in vacuum environments. Europe and North America, were estimated as the dominant regions comprising a maximum share of the market in 2016. The growth in these regions are led by Germany and U.S. respectively. Germany, one of the largest exporter of food processing equipment, was estimated to be the largest consumer.

In terms of revenue, the global vacuum grease market in 2016 was driven by its applications in laboratory, food processing, automotive, and aerospace industries. In 2016, Europe and North America, emerged as the largest regional segments owing to the rapid investment and focus on research activities in academic, health care, and industrial sectors.

The demand is expected to witness significant growth in Asia Pacific region owing to the demand from end use industries such as manufacturing and aviation. Also in 2016, fluorocarbon based type was estimated to comprise the largest market share in terms of revenue. Food processing industry in Asia Pacific region is growing at a rapid pace, providing lucrative opportunities for the new entrants in this region. However, the presence of large number of unorganized manufacturers is expected to slow down the anticipated expansion of the key manufacturers to certain extent.

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Application Insights

Perfluorocarbon based products are suitable for aerospace applications to provide lubrication for critical components that work in high temperatures and pressures typically ranging from -70°C to 399°C. Components in aircrafts are exposed to extreme shock, heat and pressure and hence they require products whose lubricity and viscosity is unaffected by such harsh environments. Typical aerospace applications require lubricants that are also compatible for use with elastomers, plastics and paints.

In automotive applications, hydrocarbon based grease is applied for lubrication of O-rings, bearings, valves, suction cups, conveyors, lifting systems and gripping systems. Large number of players producing vacuum solutions for automotive industry are emerging particularly in Asia Pacific region as it is rapidly growing in India and China which is anticipated to boost the growth of the market. 

Competitive Insights

The market is fragmented, with the global and domestic players competing on the basis of prices and product expansion. Established players including Dow Corning Corporation, Solvay S.A and The Chemours Company compete in terms of innovation, pricing and new product development abilities. The companies provide high performance, quality, regulatory compliant and application specific products with customized solutions in terms of services. Global players such as Dow Corning Corporation cater to their domestic market while catering to the demand across all the other regions globally. 

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Nonalcoholic Beverage Demand Rising Societal Awareness Toward Serious Health Problems

The global nonalcoholic beverage market is expected to reach USD 1.60 trillion by 2025, according to a new report by Grand View Research, Inc. Rising societal awareness toward serious health problems is acting as the biggest driver for nonalcoholic beverage market. The industry is reshaping itself by changing the orientation from carbonated soft drinks to non-nutritive low-calorie beverages.

Various studies and research have proved that obesity is linked to higher consumption of CSDs. This has led to the development of calorie-free or low-calorie drinks, such as functional beverages, bottled water, and fruit beverages. Childhood obesity rate for the age groups of 2-5 and 12-19, has doubled in past 30 years in the U.S. The government is also trying to reduce the sales and consumption of drinks made from nutritive sweeteners by imposing sugar taxes.

Stringent government regulations for labeling, listing the ingredients used, etc. in developed countries are expected to restrain the market growth. On the other hand, initiatives to attract the global players by increasing foreign investments, trade promotion, and economic subsidies in the developing economies are expected to foster the industry growth.

New product launches, as a result of the product line extension, have enabled customers to select application-specific offerings from a wide variety of options. The widening distribution channels have led to easy product availability, which has been a key industry driver in the past. Marketing and advertising plays the most important role in organizational sales and sustainability. Trade promotion, advertising, sales promotion, and public relations are the main promotional activities employed by the key players.

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Further Key Findings from The Report Suggest:

• The global nonalcoholic beverage market was valued at USD 967.3 billion in 2016. The market is projected to grow at an estimated CAGR of 5.8% over the forecast period.
• Carbonated soft drinks occupied the highest market share in 2016 owing to its high market penetration
• North America accounted for the largest market for nonalcoholic beverage industry in 2016 owing to the presence of developed economy and high standard of living
• Functional beverages are expected to emerge as the fastest growing product segment in the market on account of high demand for ready to drink coffee and tea, relaxation drinks, and energy drinks 
• The key players include PepsiCo, Inc., The Kraft Heinz Company, Dr. Pepper Snapple Group, Inc., The Coca-Cola Company, and Nestle S.A.

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North America Chocolate Market Enhance Growth of $42.16 Billion By 2025

The North America chocolate market size is expected to reach USD 42.16 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 4.7% during the forecast period. Health benefits associated with consumption of dark chocolate, coupled with increasing demand for this product across various applications including confectionery products and flavored eatables, is projected to propel growth.

Consumption of this product as a functional food owing to its nutritional content and stress relieving capability is expected to benefit the market. Increasing seasonal and festival consumption is also projected to fuel growth over the forecast period.

The bakery and confectionery industry in North America is predicted to grow over the forecast period, driven by rising preference of consumers for low-sugar confectionery. Chocolate products are expected to dominate the North American market owing to rising demand for organic and cocoa-rich chocolates and bakery products.

Regulations pertaining to cocoa products is likely to play an important role in the North American industry. Regulations mandated by FDA in U.S. are likely to offer assurance for safe and improved quality cocoa, cocoa products, confectioneries, and related products to consumers, which is expected to drive demand in the region.

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Application Insights

The everyday segment accounted for 52.2% of the revenue in 2016 on account of its use in the bakery and confectionery industry for decorative purpose, as toppings, and accents. They are also used as ingredients to make puddings, cakes, and cupcakes. Companies are taking initiatives to manufacture healthier products by adding nuts and fruits, which increases nutritive value, thereby leading to growth in demand.

North America Chocolate Market Share Insights

New product development and innovative marketing were among the major growth strategies adopted by manufacturers such as Mars Inc.; Nestle; and Hershey’s. Lindt resorted to improving customer experience with its strong distribution channel and a number of exquisite boutiques to increase its market share and augment market revenues.

The industry is characterized by continuous technological advancements to produce refined products with low sugar content in a bid to gain market share. Companies also resort to introduction of one-of-a-kind, gourmet sweets for special occasions. The vast distribution network of industry players has reduced selling and distribution costs, making them prominent players in the market.

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Power Plant Boiler Estimated To Reach $28.0 Billion By 2025 | Key Players Siemens AG; Mitsubishi Heavy Industries Ltd

The global power plant boiler market is expected to reach USD 28.0 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for electricity is expected to propel the sector growth. The global population is increasing at a robust pace and likely to reach 2.2 billion by 2050. Moreover, the increase in population has led to rapid urbanization, especially in the developing countries. As per the United Nations World Urbanization Prospects, it is estimated that the urban population, which was 30% of the global population in 1950, is projected to reach 66% by 2050.

The growing urbanization has led to a rise in power consumption. To cope up with the rising power demand, governments across the world are on the lookout for various alternatives to boost power generation capacity. For instance, the government of India is offering power generation subsidiaries to operators to generate power through biogas. The government offers nearly USD 30 thousand per MW. The subsidy is valid only for the boiler manufacturers and steam turbine producers. Such initiatives are likely to produce modest demand for boilers over the forecast period.

Netherlands-based BDR Thermea acquired ECR International in 2016 to expand the company’s existing product portfolio in the North America market via the latter’s distribution network. Key vendors analyzedin the report are Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries, Ltd.; and General Electric (GE). Mergers and acquisitions continue to form an integral part of the market growth.

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Technology Insights  
       

The subcritical segment is likely to be the most dominating technology over the forecast period. The share of this technology is likely to increase from 73.9% in 2016 to 74% by 2025. The growth can be attributed to the dependency on coal for power generation. The number of coal-based power plants is increasing at a modest rate, especially in the developing economies. The easy availability and low input costs are likely to be the key drivers for the growth of the segment over the predicted timeline.

Competitive Insights

The market is witnessing a change in the market dynamics as the market is moving toward globalization. The boiler manufacturers are branching out into the global market, especially in the developing economies. The rising globalization in the market has created new challenges for the market vendors. The companies operating in the market are required to manage the supply chain to remain competitive. In addition, the manufacturers should remain competitive while adhering to the norms and policy set to design or manufacture boilers.

Key players include Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries Ltd.; and General Electric (GE). Mergers of major players in the industry are likely to consolidate industry in the predicted timeline. The dynamics suggest vendors to focus on the research and development of the new technologies to limit the emissions

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Solar Panel Recycling Trends - Technological Advancements To Enhance The Recycling Rate

The global solar panel recycling market is expected to be valued at USD 384.4 million by 2025, according to a new report by Grand View Research, Inc. Rising trend towards the preference of renewable sources of energy over conventional sources considering the minimal environmental impact of the former is projected to propel the market growth over the forecast period.

The mounting PV installation rates on account of dripping prices is expected to further augment the demand for solar panels. Also, the growing awareness among the users regarding the cost as well as environmental benefits associated with solar energy is likely to actuate the market demand. With the extensive research and development underway, various novel processes and mechanisms to carry out effective recycling of solar panels have evolved.

Additionally, several stringent regulations and certifications of the government with regard to proper solar panel waste treatment as well as to encourage the adoption of solar energy projects is anticipated to drive the market. To enable sustainable development, government authorities are also providing various incentives and support schemes for efficient recycling of solar panels. 

Mechanical process of recycling is widely used due to its efficient results and the minimal environmental impact. Moreover, the monocrystalline solar panels accounted for 51.4% of the global solar panel recycling market in 2016. High efficiency levels along with space efficiency and longer shelf life is expected to increase the demand for these panels over the forecast period.

Europe is the leading market for solar panel recycling owing to the early adoption and wide consumer acceptance in the region. Presence of various government measures to regulate the recycling process in countries such as Germany and UK is anticipated to propel the market growth. The technological advancements to enhance the recycling rate are likely to fuel the demand for the market over the next eight years. Countries like US, China, Japan, and India in the regions of North America and Asia Pacific are also rapidly developing markets for solar panel recycling.

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Further key findings from the report suggest:

• In terms of value, the market is expected to record a CAGR of 22.1% from 2017 to 2025 on account of increasing adoption and government regulations on solar module recycling. In terms of revenue, thin film panel segment is expected to denote a CAGR of 25.9% from 2017 to 2025 owing to high flexibility and low-cost advantages offered by the panels relative to other segments.
• Europe was valued at USD 28.3 million in 2016 and is expected to witness significant demand over the period of forecast considering the growing government regulations in light of sustainability concerns.
• Key participants include Yingli Energy Co. Ltd; First Solar; Canadian Solar; Envaris; ECS Refining LLC; Rinovasol; Reclaim PV Recycling; Silcontel; Reiling Group; and Silrec Corporation. The companies are focused on extensive innovation and enhancing their service quality to maintain their standing in the market.
• In 2017, First Solar, entered into a collaborative sales agreement with Zorlu Holding, A.S, a Turkish company to distribute its thin film PV modules in 26 countries.

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Breathable Antimicrobial Coatings Market Enhance Growth of $676.7 Million By 2025

The global breathable antimicrobial coatings market is expected to reach USD 676.7 million by 2024, according to a new report by Grand View Research, Inc. Growing population and high focus towards better healthcare services are expected to fuel the demand over the forecast period. In addition, supportive government regulations and increasing medical device & pharmaceutical manufacturing in developing economies are expected to augment utilization of the product over the forecast period.

Rapid development in antimicrobial technology is expected to play a key role in augmenting market development. Numerous companies namely Microban, Biocote, and Sciessent have been involved in providing effective antimicrobial technologies for numerous industries including medical, food, textiles, and construction.

The University of Dundee has been focused on developing new technologies for medical devices in order to prevent infections and its related diseases. They have developed nanocomposite coatings to reduce bacterial colonization & adhesion, thrombus formation, and prion adhesion.

They have been focusing on developing antimicrobial coatings, especially for implanted medical devices. Similarly, the University of South Australia developed new technology to reduce the risk of infection after biomedical implants such as knee or hip replacement.

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Further key findings from the report suggest:

• Indoor air quality dominated the market in 2015 and is expected to witness a CAGR of over 11% from 2016 to 2025 on account of rising concerns regarding pollution of indoor environment including workplaces
• Mold remediation is expected to witness significant growth as the product is highly effective in controlling the moisture content inside the building as well as prevention of molds
• North America is expected to witness considerable growth of over 11% from 2016 to 2025 on account of extensive research & development being conducted by the market players
• Asia Pacific is expected to witness above average growth on account of increasing demand from developing economies, particularly, China and India and rising manufacturing capabilities
• The majority of the market players supply their products through direct online channels. For instance, Fast Mold Removal sells its products through its website named “fastmoldremoval.com”. Similarly, H.B. Fuller also operates its online channels in various regions across the world.

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Global Eubiotics Market Is Thriving Worldwide 2014 – 2025

The global eubiotics market is expected to reach USD 9.4 billion by 2025, according to a new report by Grand View Research, Inc. Growing meat consumption coupled with rising awareness regarding meat quality is expected to drive global eubiotics market growth.

Eubiotics influence the gut microflora and confer health benefits on the host. They maintain a correct balance of the microbial activity in the gastrointestinal tract of animals. This results in benefits such as enhanced nutrient absorption, better immunity and increase in overall performance. Such advantages are expected to drive the market growth over the forecast period.

Probiotics emerged as the largest product segment in 2016 and was valued at USD 2.5 billion in 2016. Broad product portfolio, rising awareness and efficacy in animal feed usage are the major attributed reasons for this scenario

Gut health dominated the application segment in 2016 and is expected to grow at an anticipated CAGR of 8.2% from 2017 to 2025. Eubiotics efficiency in treating gut related disorders and search for viable alternative to antibiotics are expected to drive market growth. Immunity is expected to observe the fastest growth among applications.

Fodder and water shortage, decreasing grazing lands has put pressure on livestock farmers to optimize feed utilization. Eubiotics cater to this demand by enhancing feed utilization, and increasing yield in comparatively less feed. Such trends are expected to fuel market growth over the next eight years.

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Further key findings from the report suggest:

• The global eubiotics market worth is expected to be 9.4 billion and is expected to grow at a CAGR of 8.2% from 2017 to 2025
• Solid form dominated the form segment and was valued at USD 2.9 billion in 2016. Liquid form is expected to grow at an anticipated CAGR of 8.0% over the next eight years
• The U.S. market worth for eubiotics used in poultry end use was USD 264.6 million in 2016. Rising demand for poultry meat and eggs, demand for high quality meat and concerns over antibiotics have resulted in an increased preference for usage in poultry end use.
• Asia Pacific is expected to witness the highest growth rate over the next eight years. Strong demand from countries such as China and India, growing meat consumption in the region and rising concerns over antibiotics usage is expected to fuel market growth
• Companies are focusing on developing regions such as Asia Pacific to increase market share. Key industry participants include Calpis, DSM, Novus, Lesaffre Group, Lallemand Inc., and E.I. Du Pont De Nemours and Company.

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Fragrance Fixatives Market Growth - Increasing Consumption Of Aroma Chemicals

The global fragrance fixatives market is projected to reach USD 1.79 billion by 2025, according to a new report by Grand View Research, Inc. Increasing consumption of aroma chemicals and essential oils has contributed to industry growth, especially in emerging economies with rising income levels. Fixatives are used across distinct industries including fine perfumery, skincare, homecare, and haircare. Moreover, the therapeutic effects of scents and rising popularity of customized & celebrity perfumes has positively influenced demand over the last few years.

Technological advancements have fostered new synthetic substitutes for natural, animal-derived fixative compounds, thereby meeting sustainability criteria and environmentalist concerns. The market for innovative, long-lasting scents has also expanded considerably in developing regions, providing ample growth opportunities to manufacturers.

Sclareolide is anticipated to grow at a CAGR of 4.0% from 2016 to 2025. It is widely used in fine perfumery, skincare and haircare products to prolong the effect & reduce rapid evaporation. The product has emerged as an inexpensive substitute for ambergris, which originates from the intestines of the endangered sperm whale.

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Further key findings from the study suggest:

• The fragrance fixatives market volume was nearly 5.60 kilo tons in 2015 and is projected to grow at a CAGR of 1.9% from 2016 to 2025
• Iso E Super was the dominant product and accounted for over 30% of volume share in 2015. Increasing demand from end-use segments such as skin & haircare and color cosmetics owing to its odor-prolonging characteristics is anticipated to drive demand.
• Fine fragrances were the dominant end-use for these compounds. Several multinational players in the industry are extensively involved in new product development to gain a competitive advantage and extend their global reach.
• Skincare is expected to be the fastest-growing end-use with an expected CAGR of 4% in terms of revenue from 2016 to 2025
• Europe dominates the regional industry and contributes over 43% to the global revenue
• Rising affluence levels in countries such as India, Vietnam, and Thailand have translated directly into higher spending on luxury perfumes and high-end cosmetics. This has driven industry growth to a large extent in Asia Pacific, with regional CAGR estimated at 4.1% in terms of revenue.
• Major companies operating in the industry are Eastman Chemical Company, Tokos B.V., Lotioncarfter LLC, Paris Fragrances Cosmetics E Supplies, SVP Chemicals Pvt. Ltd., Synthodor Company, PFW Aroma Chemicals, and Zaki.

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Increasing Awareness Regarding Omega 3 Deficiency To Drive Krill Oil Market Growth

The global krill oil market is expected to reach USD 709.4 million by 2025, according to a new report by Grand View Research, Inc. The increasing awareness regarding omega 3 deficiency and growing demand for dietary supplements are expected to drive demand for krill oil over the forecast period.  The market is largely influenced by associations such as Marine Stewardship Council (MSC) and Association of Responsible Krill Harvesting Companies (ARK). 

Globally, Europe is the dominant regional market. The presence of major fisheries and favorable trade environment is likely to drive the growth in this region. The rise in fishing activity and presence of krill fish in oceans surrounding South Asian countries such as India and Vietnam is expected to drive the industry in this region over the forecast period. 

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Further key findings from the report suggest

• Tablets was the dominant segment with a market share of over 70% in 2015 owing to growing popularity of this form of omega 3 supplements
• Capsules are the fastest growing product segment within the tablet category growing at a CAGR of over 13% from 2016 to 2024 owing to rising number of manufacturers preferring to manufacture krill oil capsules rather than soft gels.
• The demand in Europe was over USD 60.0 million in 2015, accounting for over 35% of the overall market. Growing awareness in the region about omega 3 substitutes and rising consumer knowledge about omega 3 products is driving the industry in this region.
• The industry participants have been engaged in rapid new product development and consumer awareness campaigns to increase the penetration of the products.
• They have been focusing on the emerging economies in order to expand their global foothold and increase the customer base. 

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Algae Oil Market Growth Due To Rising Demand From The Animal Feed Sector

The global algae oil market is expected to reach USD $2.09 billion by 2025, according to a new report by Grand View Research, Inc. Rising algae oil use in biofuel applications such as biodiesel, jet fuel, aviation fuel, and gasoline, will augment growth over the next nine years.

The algae oil is being employed in food & beverage applications as a natural source of omega-3, fatty acids, antioxidants, and proteins. Rising demand from the food & beverage sector on account of its low fat content is expected to have positive impact on the market. Growing awareness about the naturally obtained supplements is expected to fuel its demand in the dietary supplement market which in turn will fuel the overall market growth.

Rising demand from the animal feed sector can be attributed to its higher nutritional content as compared to the grain feed. The algae production & harvesting requires comparatively lower amount of water & land as compared to the land crops grown for animal feed. These factors would cumulatively drive the market from 2015 to 2025.

However, the higher price of algae oil than conventional oil may challenge the market growth over the forecast period. Apart from this, specific parameters required for the growth of algae, which imply a high production cost, results in increased product price. These factors may restrain the industry development over the forecast period.

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Further key findings from the report suggest:

• The global market is expected to grow at a CAGR of 4.3% from 2016 to 2025 on account of increasing use in the biofuel application
• Food & beverage as an application of the algae oil will witness fastest growth in terms of revenue at a CAGR of over 5.0% from 2016 to 2024 owing to its use as natural source of omega-3
• North America market is expected to witness significant development and was estimated at over USD 465 million in 2015 on account of rising demand from the food and beverage sector
• Key participants include TerraVia Holdings, Inc, Diversified Energy Corporation, Algix, LLC, and Cellana Inc. Key companies are focused on providing algae oil at affordable pricing structure to increase their global presence
• In January 2017, TerraVia Holdings, Inc obtained approval for Whole Algal Protein ingredient for food use in Canada and this regulatory approval would enable the company to sell its various algae food products across North America.

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Commercial Flooring Market Growth- Increasing Number Of Corporate Offices In Emerging Countries

The global commercial flooring market is expected to reach approximately USD 47.69 billion by 2025, according to a new report conducted by Grand View Research, Inc. Increasing number of corporate offices in emerging economies including China, India, and Mexico on account of regulatory inclination to promote the manufacturing output on a domestic level is expected to remain a key driving factor over the next eight years.

Furthermore, rising government spending towards improving education infrastructure through implementation of new schemes including Padhe Bharat Badhe Bharat and Utkarsh Bangla Scheme is expected to have a strong impact. These factors are considered to influence the consumption of construction materials including floor coverings in education sector and hence boost their market growth.

Education segment is expected to foresee volume growth at a CAGR of 5.9% from 2017 to 2025. Growing importance of modular tiles in education spaces for providing moisture resistance and excellent dust control characteristics is projected to have a positive impact on industry. In addition, high market visibility of carpets in developing countries including China and India on account of the presence of large number soft covering manufacturers on a domestic level is projected to have a positive impact.

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Application Insights

Commercial buildings accounted for the largest share of 35.9% of the total market in 2016. The demand for commercial floorings in this application segment is estimated to rise at a steady CAGR, owing to their utilization in growing construction spending of business centers, offices, and IT parks in developing countries.

Flooring materials are useful in various floor spaces in the public building sector that includes municipal corporations, government offices, and religious places. Public buildings have the most prominent foot traffic. Hence, demand for tough and durable flooring materials in the public buildings sector is expected to increase in the next couple of years.

Competitive Insights

Major commercial flooring industry participants include Hanwha, LG Hausys, China National Building Material Co. Ltd., Flowcrete, James Halstead, Nora, Milliken Floor Covering, Novalis, Tajima, Tkflor, NOX Corporation, and Toli flooring. Vendors are constantly developing innovative goods as including display and distribution systems including virtual assistants and online catalogs to help consumers choose the perfect product for the intended applications.

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Analysts Predict Lightning Growth for Global Resilient Flooring Market

The global resilient flooring market size is projected to reach at USD 1.67 billion by 2025 expunging at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Increased demand for slip-resistant and anti-bacterial flooring solutions is one of the key factors propelling the market growth. Developing countries, such as Brazil, India, and Mexico, are likely to witness drastic development in the infrastructure sector owing to rapid urbanization and industrialization resulting in rising need for IT parks, industrial areas, and housing projects.

Development of innovative floor covering solutions and changing trends in construction solutions and floor design have been critical in the industrial development over the last few years. Increasing government spending on infrastructure development is also anticipated to drive the global market further. Rapid urbanization and growth in building & construction industry, especially in the Asia Pacific region, have substantially driven the commercial end-use segment of the industry.

Fiberglass is projected to remain one of the fastest-growing product segment on account of new product developments along with the incorporation of new designs and high warranty intervals. Vinyl Composite Tile (VCT) accounted for a significant share in 2018. These products are projected to have prominent growth owing to their impact abrasion and resistance, durability, low price, and resilience. Commercial application is projected to be the second largest segment. Rapid urbanization along with rising need for workspaces has led to the growth of this segment.

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Further key findings from the study suggest:

• Favorable government initiatives for infrastructural development in emerging regions are said to have a positive impact on the demand for floorings systems in building and bridge construction, thereby boosting market growth
• Asia Pacific is expected to be the fastest-growing and largest regional market over the forecast period expanding at a CAGR of 6.9% over the forecast period
• This growth can be attributed to the presence of emerging economies like China and India with numerous untapped growth opportunities
• U.S. resilient flooring market is projected to expand at a CAGR of 3.6% from 2019 to 2025 on account of growing construction sector
• Resilient flooring demand in U.K. was 35.1 million square meters in 2018 and is projected to increase in coming years
• Key companies in the market include Tarkett S.A.; Mohawk Group; Armstrong World Industries, Inc.; and Mannington Mills, Inc.

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Phosphate Fertilizers Market Anticipated To Grow At A CAGR of 5.1% By 2025

The global phosphate fertilizers market size is expected to reach USD 78.06 billion by 2025, according to a new report by Grand View Research, Inc, registering a 5.1% CAGR therein. Increasing population and demand for diverse food has been a key factor driving market growth. In addition, limited availability of ploughed land and increasing meat consumption all over the world is fueling the demand for phosphate fertilizers over the forecast period.

Phosphate is one of the three primary nutrients needed for plants to grow to their full potential. It is essential for normal plant growth, absorption of sun’s energy, and converting it to useful plant compounds. Several phosphate fertilizers are used to meet the phosphorous (P) requirements of plants. It helps create strong roots and stems, provides resistance to disease, and increases productivity.

Phosphate is an important fertilizer input used in agricultural production. These include different types of fertilizers such as superphosphate, monoammonium phosphate (MAP), and diammonium phosphate (DAP) products. Fluctuating energy prices are the main cause of price volatility in phosphate fertilizers. Transportation costs, policy decisions, exchange rates, and other uncontrollable factors are other key factors affecting global trading of fertilizer products.

The phosphate fertilizers market is consolidated in nature and comprises few global and regional players. Major players have strong distribution networks and different brands in the global market. Several key participants are conducting research and development activities to manufacture cost-effective and organic phosphate fertilizer products to meet the needs of the market. 

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Further key findings from the report suggest:

• The global phosphate fertilizers market was valued at USD 51.6 billion in 2016 and is expected to expand at a CAGR of 5.1% from 2017 to 2025
• In terms of volume, cereals and grains emerged as the largest application segment in 2016 and is expected to expand at a CAGR of 3.2% between 2017 and 2025
• Revenue generated by diammonium phosphate (DAP) fertilizer was valued at USD 15.5 billion in 2016 and is anticipated to witness significant growth over the forecast period
• In terms of volume, the application of phosphate fertilizers in cereals and grains in India was pegged at 2,976.7 kilo tons in 2016 and is projected to rise at CAGR of 4.6% from 2017 to 2025
• The phosphate fertilizers market in Asia Pacific is projected to experience significant growth over the forecast period owing to increasing population and diversified demand of food, especially in the cereals and grains and fruits and vegetables segments. In terms of revenue, the APAC market is expected to expand at a CAGR of 5.5% between 2017 and 2025
• Key players such as Eurochem Group AG, Agrium Inc.; Potash Corp. of Saskatchewan Inc.; Yara International ASA; CF Industries Holdings Inc.; Israel Chemicals Ltd.; Coromandel International Ltd.; The Mosaic Co.; S.A OCP; and PJSC PhosAgro dominated the global market.

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Dairy Alternatives Market Analysis of Opportunities Offered By High Growth Economies

The global dairy alternatives market size is expected to reach USD 41.06 billion by 2025 at a 16.7% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Increasing occurrence of milk allergies among consumers is likely to be a key factor driving the market.

Increasing popularity of almond milk, owing to high protein, fiber, lipids, and energy content, is projected to drive its demand. Better taste and texture offered by almond milk as opposed to its counterparts is likely to offer a competitive advantage for the product over the forecast period. Furthermore, almond milk helps regulate blood pressure and offers benefits to heart, kidney, and skin, which is likely to increase its popularity over the coming years.

The most common non-dairy product consumed in the market is soy milk, which was also the largest product segment in 2017, accounting for over 63.0% of the total market. Soy milk contains isoflavones, which reduce the risk of breast cancer and heart diseases, and is likely to gain popularity, especially among women and elderly consumers.

Going forth, growing demand for plain unsweetened dairy alternatives for food and beverage applications is likely to have a positive impact on industry growth over the projected period. 

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Further key findings from the report suggest:

• By product, the soy milk segment is projected to ascend at a CAGR of 15.8% in terms of revenue over the forecast period
• On the basis of application, beverages dominated the dairy alternatives with a global revenue share of over 58.0% in 2017
• Plain dairy alternatives are a key segment in the industry and the segment is projected to expand at a CAGR of over 15.0% from 2018 to 2025, in terms of volume
• Changing dietary habits of consumers have led to growing acceptance of vegan diet, which, in turn, is likely to have a positive impact on market demand over the next few years
• Asia Pacific dominated the industry and accounted for over 50.0% of the market in 2017. According to the National Institutes of Health, over 80% of the population in Southeast Asia suffers from lactose intolerance. As a result, demand for dairy alternative products to replace cow’s milk is likely to have a positive impact on industry growth
• The dairy alternatives market is highly diversified as players are expanding their product portfolio and production capacity to serve the growing demand, particularly in emerging regions
• Some of the key companies in the industry are Archer Daniels Midland Company; Hain Celestial Group, Inc.; Daiya Foods Inc.; WhiteWave Foods Company; Nutriops SL; SunOpta Inc.; and Earth’s Own Food Company.

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Agar-Agar Gum Market Is Anticipated To Grow At A CAGR of 4.9% By 2025

The global agar-agar gum market is anticipated to reach USD 345.3 million by 2025, according to a new report by Grand View Research, Inc. Shifting consumer preference towards animal-free products and popularity of dairy-based products to maintain healthy diets has resulted in significant market growth.

The industry is also responsible for employment generation especially for people dwelling in coastal villages where seaweed collection forms an important component of their income. The activity is crucial for rural women who do not actively participate in mainstream fishing.

Technological advancements have supported the industry as well, with the introduction of metal scrapers that may be utilized to harvest larger quantities of seaweed with less effort. Additionally, new methods & processes have been introduced to extract agar from seaweed along with other techniques for cleaning, pre-treatment, filtration & gelation, and dewatering.

Agar powders occupied over 90% of the volume share in 2015. Creative cooking methods have also paved new growth avenues for molecular gastronomy applications, with powdered gum being dissolved in boiling aqueous liquids to create unique dishes. Textured foods such as pearls and spaghetti gels, along with foamed products are important drivers for this segment.

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Further key findings from the report suggest:

• Global agar-agar gum market was estimated at 11,236.6 tons in 2015 and is anticipated to grow at an estimated CAGR of 3.6% from 2016 to 2025.
• Squares are widely used to make confectionaries, bakery products, desserts and other food products in the form of cubes, since the product has the ideal firmness to hold perfect molds
• Strips or bars have also been a great alternative for gelatin derived dairy-based products and are used by industrial manufacturers that are engaged in producing kosher, halal, vegan and vegetarian foodstuffs
• Meat is expected to increase at about 4.1% CAGR in terms of volume. Agar fosters longer shelf life to frozen & processed meat products, while also improving stability while treating these products, which has led to segment growth.
• Microbiological & molecular applications are expected to remain an important segment, since the product is widely used to stimulate bacterial development in Petro-dishes for laboratory experiments
• Asia Pacific is presumed expand at the highest CAGR of 5.4% in terms of revenue. The product was originally claimed to be discovered in Tarazaemon Minoya, Japan and has become an important ingredient in the regional food industry in recent years.
• Key industry participants consist of Myeong Shin Agar, Meron Group, Marine Science Co. Ltd., Indoalgas, Able Sales Company, Orient Resources Company and Central Drug House(P) Ltd.

Access press release of this research report by Grand View Research:  https://www.grandviewresearch.com/press-release/agar-agar-gum-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Drilling Fluids Market Is Anticipated To Grow At CAGR of 3.7% By 2025

The global drilling fluids market is expected to reach USD 10.01 billion by 2025, according to a new report by Grand View Research, Inc. Increasing upstream spending to sustain oil production targets is anticipated to drive oil & gas industry drilling activities over the forecast period. Technological advancements to modify the fluid rheology for efficient extraction in different formations have created lucrative avenues for industry participants.

Increased maintenance costs and environmental risks associated with offshore locations, have urged companies to deploy drill mud for cost-efficient E&P activities. Growing demand for increasing production rates, efficiency and mitigating gas related capital expenditures is expected to drive drilling fluids demand in offshore activity, over the long term. Growing number of ongoing projects in the Middle East and Africa including, Maydan Mahzam and Bul Hanine fields are projected to drive product demand over the next nine years.

WBF emerged as a leading drilling fluid product segment covering 50.4% market revenue share in 2016. The OBF segment is expected to lose share over the forecast period and account for 26% of the total industry value by 2025

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Further key findings from the report suggest:

• The global drilling fluids market is estimated to grow at a CAGR of 3.7% from 2017 to 2025
• The onshore application segment is anticipated to reach 5.9 billion by 2025 over the upcoming years
• Offshore drilling activities is projected to emerge as the fastest segment at a CAGR of 4.1% from 2017 to 2025
• North America was the leading regional segment accounting for over 25% in 2016 and is expected to witness a similar trend over the forecast period
• Asia Pacific is anticipated to emerge as the fastest consumer at a CAGR of 4.6% from 2017 to 2025
• Russia onshore drilling fluids industry in 2016 was valued at USD 627.5 million and is projected to grow at a CAGR of 2.8% from 207 to 2025
• Demand for WBF product in the Venezuela was valued at USD 113.94 million in 2016 and is expected to grow at a CAGR of 4.1% from 2017 to 2025
• Drilling fluids market share in Kuwait is expected to grow at a CAGR of 4.7% over the forecast period and to reach USD 203.5 million by 2025
• Offshore drill mud industry in Nigeria was valued at USD 53 million in 2016 and is anticipated to be the fastest application over the upcoming years
• Major players include Newpark Resources, Halliburton, Weatherford International, Baker Hughes, National Oilwell Varco and Schlumberger

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-drilling-fluids-market

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Latest Trending Research Study on Curcumin Market Analysis 2014-2025

The global curcumin market size is expected to reach USD 130,671.7 thousand by 2025, according to a new study by Grand View Research, Inc., registering a 13.3% CAGR during the forecast period. Anti-inflammatory and antioxidant properties of curcumin make it an ideal ingredient in several food and medical applications. The market is expected to witness significant growth in light of growing consumer awareness regarding the aforementioned therapeutic properties.

Turmeric or curcumin is popularly used in cosmetic products. In India, turmeric forms a key ingredient in numerous Ayurveda medicines. It is used to prevent and heal dry skin, treat acne and eczema, and slow down the aging process. Natural cleansers, such as milk, when mixed with turmeric, serve as effective natural cosmetics. Glowing skin and controlling and reducing formation of wrinkles and lines are some of the benefits of these cosmetics. Turmeric is also used for dyeing silk, cotton, wool, and fabrics for a yellowish shade. The dye is also used as a coloring material in rice milling and leather dyeing.

Pharmaceuticals formed the largest application segment in terms of volume, accounting for a share of over 50.0% in 2016, owing to increasing demand for curcumin-based OTC supplements. Demand in food applications has also witnessed a surge in terms of absolute volume on account of growing demand for natural coloring and flavoring substances.

Players in the market include Wacker Chemie AG, BioMax Life Sciences Ltd., Synthite Industries Ltd., Hindustan Mint & Agro Products Pvt. Ltd., and Arjuna Natural Extracts Ltd. Arjuna Natural Extracts Ltd. invested approximately USD 1.5 million in proactive curcumin research in March 2016.

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https://www.grandviewresearch.com/industry-analysis/turmeric-extract-curcumin-market

Further key findings from the repot suggest:

• North America was the largest regional market in 2016, with a value of USD 23,552.9 thousand. Growing demand for processed food products and curcumin-based health supplements is expected to drive demand in this region
• India is one of the largest manufacturers of curcumin, contributing to more than 80.0% of the global production, which is on account of presence of large scale turmeric cultivations. Low consumer awareness of curcumin as a healthy ingredient in India results in majority of it being exported to North America and Europe
• Europe is expected to be the fastest growing region, with the market estimated to rise at a revenue-based CAGR of 14.8% over the forecast period. Growing demand from buyers, coupled with regulatory support from the European Food Safety Association (EFSA), have made curcumin a preferred pharmaceutical ingredient, thereby fueling the market
• Key players in the global curcumin market include Arjuna Natural Extracts Ltd., Synthite Industries Ltd., Sabinsa Corporation, and Helmigs Prima Sejahtera PT. Arjuna Natural Extract Ltd. has a patent for curcumin formulation from turmeric, making it a prominent player.

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Distributed Energy Generation Market To Cross $573.7 Billion by 2025

The global distributed energy generation (DEG) market size is expected to reach USD 573.7 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 15.0% during the forecast period. Owing to their environmental benefits, preference for DEG systems will be higher as compared to conventional energy systems.

DEG eliminates the need for building a transmission capacity that reduces the line cost. In addition, low prices of DEG compared to conventional energy generation are anticipated to provide a fillip to the market. Moreover, innovations in DEG technologies, such as floating solar photovoltaic, is likely to propel the market. Decreasing cost of solar PVs is playing an instrumental role in the development of the market. Feed-in tariffs in regions including Asia Pacific, Europe, and North America are poised to stoke the growth of the market.

E.ON SE; Vestas Wind Systems A/S; Capstone Turbine Corporation; Caterpillar Power Plants; Ballard Power Systems Inc.; Doosan Fuel Cell America; FuelCell Energy Inc.; Rolls-Royce Power Systems AG; Sharp Corporation; Suzlon Energy Limited; General Electric (GE); First Solar; SIEMENS AG; Toyota Turbine and Systems Inc.; and ENERCON GMBH are some of the major players in DEG market.

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https://www.grandviewresearch.com/industry-analysis/distributed-energy-generation-industry

Further key findings from the report suggest:

• The wind turbine segment accounted for revenue share of over 29.0% in 2016. Factors such as high efficiency, redundant safety, and quiet operation are the key characteristics projected to contribute to the growth of the wind turbine segment over the forecast period
• In 2016, solar photovoltaic accounted for 21.0% of the overall market volume and is expected to register a CAGR of 16.8% during the forecast period. The growth of the segment can be attributed to decrease in its prices, which has increased the local utilization, thereby enabling the switch from traditional energy sources
• Supportive regulations and favorable government policies such as net metering are likely to increase the number of DEG installations for residential applications in rural and underdeveloped areas
• Several countries are committed to reducing carbon emissions under the Kyoto protocol, which is driven by the European Union. A number of countries have switched to renewable energy generation
• Regional expansion and R&D are the key strategies adopted by major market players to strengthen their position. Companies in the market are continuously trying to innovate and develop new technologies
• In July 2015, Ballard Power Systems entered into an agreement with AkzoNobel to provide one-megawatt ClearGen fuel cell distributed generation system for Hydrogène de France (HDF) to generate electricity and supply it to local grid.

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Fuel Cell Market Enhance Growth of $24.81 Billion By 2025

The global fuel cell market size is projected to reach USD 24.81 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 20.9% over the forecast period. International pressure on energy diversification is advocating positive investment environment for alternative energy.

Fuel cell is closing in to be the most efficient form of alternative energy generation. Fuel cell shipments have witnessed rise over the past three years, compelling manufacturers to increase operations. Fuel cell systems cost has also seen a decline owing to significant innovations in terms of efficiency and working cost.

Low gas prices will remain a specific concern for this market as natural gas based power generation is showing a radical decrease in operating cost and significant increase in output. Rapid rise in efforts to capitalize on the potential of fuel cells will drive this market at an estimated 20.9% CAGR over the forecast period.

The fuel cell market is likely to witness aggressive strategic alliances with market players looking to expand their end-user segments in emerging markets. Progressive private-public partnerships are predicted to be essential for attaining an economically viable technological shift. Japan’s vision of Hydrogen Society is anticipated to bode well for market growth by 2020

Stationary hydrogen power plants is expected to emerge as the largest application segment and account for over 70% of market in terms of shipped units. Factors such as high efficiency, flexibility to use different fuels, and utilization of direct current are the key demand drivers.

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https://www.grandviewresearch.com/industry-analysis/fuel-cell-market

Further key findings from the report suggest:

• Fuel cell units shipped at a global level in 2016 were estimated to be 78,000 and the U.S. market size was estimated to be 8,205 units
• Proton exchange membrane fuel cell (PEMFC) dominated the fuel cell market and accounted for over 76% of U.S. units shipped in 2016
• Solid oxide fuel cell (SOFC) is likely to emerge as the fastest growing segment and is expected to register an estimated CAGR of 39.3% during the forecast period in U.S. alone
• North America is witnessing several strategic partnerships with companies such as Coca-Cola, Walmart, and other prominent players partnering up with manufacturers to use fuel cells for internal energy consumption
• Hyundai is powering its test cars with fuel cells to deliver better efficiency in Japan and Latin America. These cars are likely to earn commercial status by the end of the forecast period.

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TPU Films Market is Likely To Reach $548.10 Million By 2025 | Key Players PAR Group, MH&W International Corp

The global thermoplastic polyurethane films market size is anticipated to reach USD 548.1 million by 2025 expanding at a CAGR of 6.1%, according to a new report by Grand View Research, Inc. Increasing healthcare spending coupled with growing automotive sector is projected to drive the market. Asia Pacific is the dominant regional market due to the strong presence of major companies, such as Huntsman, Nippon, and Lubrizol, with large production capacities. Asia Pacific is also the leading consumer of TPU films due to growing automotive, construction, and energy sectors.

Major manufacturers based out of North America and Europe have set up wide distribution networks in developing countries by acquiring regional companies. This is also likely to have a positive impact on the region’s growth. Moreover, reduced reliance on export to Western Europe and North America is projected to increase the investments and trade in the local markets of Asia Pacific. Availability of cheap labor and easy access to finance are also likely to support the domestic market growth.

In addition, growing population and rising income levels are anticipated to fuel the development further. Rising global aniline prices have impacted the profitability of TPU films producers as there is intense competition in the global market. Due to the presence of a large number of suppliers, buyers have the advantage of low switching cost; therefore, manufacturers cannot afford to lose out on their customers and in the process jeopardize their profitability. Bio-based alternatives of TPU are capable of replacing the synthetic (petroleum-based) TPU.

Bio-based TPUs are widely used in almost every end-use industry where synthetic product is being used. Bio-based films provide a clean solution to the growing demand for Thermoplastic Elastomers (TPEs). Wearables in the medical field are expected to provide many opportunities over the coming years. As per the data published by DuPont, conductors, printed on TPU films show good results. Increasing healthcare spending coupled with rising awareness are likely to assist the market growth of wearable technology, thereby developing new opportunity for the product.

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https://www.grandviewresearch.com/industry-analysis/tpu-films-industry

Further key findings from the study suggest:

• Automotive is anticipated to be the largest application segment of the TPU films market during the forecast period on account of growing demand for vehicles
• Aerospace is also predicted to witness a steady growth due to increasing demand from emerging countries, such as China and India
• Asia Pacific was the second-largest regional market and accounted for 29.6% of revenue share in 2018 owing to the rapid development of automotive and construction sectors in the region
• The 3M Company, Bayer Material Science, Huntsman Corp., Permali Gloucester Ltd. are the major companies in the global market
• Most of these companies emphasize on their R&D activities for novel product development

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-thermoplastic-polyurethane-tpu-films-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Contact Lenses Market Expand Their Businesses With New Investments

The global contact lenses market size is anticipated to reach USD 17.72 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 5.6% over the forecast period. Rising product demand and use of innovative materials in the manufacturing process are the key drivers of the market. Growing geriatric population base is also projected to augment the product demand. Furthermore, improvement in the overall economy and rising disposable income levels, especially in the developing regions, are likely to boost the demand further.

Based on products, the market can be categorized into gas permeable, silicon hydrogel, and hybrid contact lenses. Silicon hydrogel lenses offer numerous advantages, such as greater flexibility and comfort, as compared to gas permeable lenses. They are extensively used for ametropia correction as they permit extra oxygen to pass through to the wearer’s cornea. Thus, the market for soft lenses is anticipated to grow at a faster pace over the forecast period. Hybrid contact lens segment is expected to register the highest growth over the forecast period.

Corrective lenses are widely used to correct refractive errors and compensate for visual deficiencies, such as myopia, hypermetropia/hyperopia, presbyopia, and astigmatism. In 2018, daily disposable lenses accounted for the largest market share and is projected to maintain the dominance during the estimated period due to rising preference for these lenses. Moreover, eye care professionals are now prescribing these lenses as they avoid problems associated with longer lens replacements. As a result, a number of key manufacturers are focusing on R&D for the development of innovative daily disposable lenses.

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https://www.grandviewresearch.com/industry-analysis/contact-lenses-market

Further key findings from the study suggest:

• Rising product demand across the globe is anticipated to drive the contact lenses market growth
• The multifocal design segment is expected to register the highest CAGR of 7.7 % over the projected period
• Asia Pacific is projected to be the fastest-growing regional market while North America is expected to be the largest market
• Some of the key companies in the global market areJohnson & Johnson Services, Inc.; CIBA Vision (Alcon); CooperVision, Inc.; and Bausch & Lomb Inc.

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Animal Feed Additives Market Projected To Reach $47.32 Billion By 2025

The global animal feed additives market size is expected to reach USD 47.32 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 3.8% during the forecast period. Focus on improving overall feed yield has been a critical factor for the surge in feed additives demand. Increasing the consumption of meat and milk products as a source of protein and other essential nutrients is expected to further fuel the growth.

Feed additives are considered an integral part of animal feed. Additives act as a catalyst that help disease prevention in animals, improve weight gain, vitamin intake, feed digestion, and conversion; thereby enhancing the quality of meat production. This factor is anticipated to propel the global demand over the forecast period.

The animal feed additives must comply with Regulation (EC) 999/2001, Regulation (EU) 142/2011, and Regulation (EC) 1069/2009. The production order in the installation should be predefined complying with the standards laid by the regulatory bodies. In addition, the production order must be registered and defined as these will be taken into consideration during transferring the formulation up to production.

Saponins and tanins are gaining wide acceptance from animal feed additives market. In ruminant animals, the most important applications of tanins are to control intestinal parasites, pathogenic bacteria load, and animal pasture bloat. Strong protein affinity of tanins contributes towards reducing protein degradation which further helps improve production efficiency and protein utilization in the rumen.

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https://www.grandviewresearch.com/industry-analysis/animal-feed-additives-market

Further key findings from the report suggest:

• In terms of revenue, Asia Pacific emerged as the fastest growing region. Countries, particularly India and China are anticipated to witness remarkable growth in the next seven years
• Poultry, with a market share of more than 38% by volume, emerged as the largest livestock segment in the past
• The animal feed additives market is partially consolidated and competitive, with the presence of major global players
• Some of the key companies are AFB International; Alltech, Kemin Industries Inc.; Evonik; DuPont; DSM; Nutreco N.V.; Archer Daniels Midland; and Cargill; among others.

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Animal Feed Organic Trace Minerals Market Enhance Growth of $880.2 Million By 2025

The global animal feed organic trace minerals market is expected to reach USD 880.2 million by 2025, according to a new report by Grand View Research, Inc. The growing demand for meat as a source of protein is expected to be one of the major drivers of the market over the forecast period. 

Organic trace minerals improve the nutrient content in animal feed. Growing occurrences of disease outbreaks, such as avian influenza (AI), in poultry and turkey have increased the demand for these minerals. Bioavailability is another factor that differentiates organic and inorganic trace minerals in animal feed.

Poultry was the largest consumer of organic trace minerals in animal feed in 2016. The demand for broilers, chickens, and turkeys has witnessed a steady increase, particularly in countries with growing food industries such as China, India, and Brazil, which has played a key role in growing animal feed consumption in these countries.

To request a sample copy: 
www.grandviewresearch.com/industry-analysis/animal-feed-organic-trace-minerals-industry

Further key findings from the report suggest:

• The global demand is expected to reach USD 880.2 million by 2025, growing at a CAGR of 7.3% from 2017 to 2025
• The market for zinc was valued at USD 149.7 million in 2016, the highest among all products, on account of its properties of increasing immunity and metabolism of animals
• The demand for organic trace minerals in pig feed is projected to grow at the second highest CAGR of 7.4% in terms of revenue, on account of growing demand for pork due to its high protein content
• The U.S. dominated the North American market and accounted for 78.4% in 2016. This region was one of the largest consumers of animal feed, driving the demand for organic trace minerals.
• Asia Pacific is projected to be the fastest-growing region with a CAGR of 9.1% from 2017 to 2025 due to growing awareness about the importance of organic trace minerals in the booming animal husbandry industry
• The market in Europe was valued at USD 129.7 million in 2016. The demand in this region is driven by the growing meat processing and dairy industries in small countries such as Turkey, Poland, Sweden, Romania, and Bosnia.
• Archer Daniels Midland Company was one of the key players in the market in 2016. Extensive R&D and new product developments were some of the key growth strategies of the company from 2011 to 2016.
• In February 2017, ADM signed an agreement with the University of Illinois, Department of Animal Sciences for the R&D of its pet food premix and ingredient offerings

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Temperature Sensitive Coating Market Exhibit To Grow $362.8 Million By 2024

The global temperature sensitive coating market value is expected to reach USD 362.8 million by 2024, according to a new report by Grand View Research, Inc. Growing applications scope in traffic road marking and the automotive industry is expected to drive product demand over the forecast period. Temperature sensitive coating has been widely used in thermometer labels including fridge, nursery, forehead and aquarium thermometers. 

Rising product demand in the household sector, particularly in economies such as Brazil, India, China and Vietnam owing to growing consumer disposable income, is expected to drive the market growth over the next eight years. 

Reversible temperature sensitive coating dominated the global demand and accounted for over 65% of total volume in 2015. This trend is anticipated to continue over the forecast period on account of rising demand from the various application such as textiles, room & refrigeration thermometers, food quality indicators, promotional items, forehead thermometers, temperature sensitive plastics & mugs, and toys.

To request a sample copy or view summary of this report: 
https://www.grandviewresearch.com/industry-analysis/temperature-sensitive-coating-market

Further key findings from the report suggest:

• The global temperature sensitive coating market demand exceeded 1,200 tons in 2015 and is expected to reach 2,276.5 tons by 2024, growing at a CAGR of 6.6% from 2016 to 2024
• Household/decorative was the leading application segment and accounted for 35.2% of total market volume in 2015. This high penetration can be attributed to the rising demand for industrial and pharmaceutical applications particularly in emerging economies of India, China, and Brazil.
• Industrial applications are expected to witness the highest growth of 7.0% from 2016 to 2024.Rising product demand in various industrial applications such as annealing, metalworking, riveting, and welding for quality purposes is anticipated to increase market penetration in this segment.
• Europe was the leading temperature sensitive coating consumer and accounted for 37.9% total global demand in 2015.Favorable government regulations mandating the use of temperature sensitive labels in the pharmaceutical sector has contributed towards regional dominance.
• Major companies operating in the global temperature sensitive coating industry include CAPCO, LCR Hallcrest, LA-CO Industries, TIP Temperature Products, B&H Colour Change, SFXC, Good Life Innovations, Ltd. and Lakfbriek Korthals BV. The industry is highly competitive on the basis of product prices.

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Cosmetic Preservative Market Enhance Growth of $458.8 Million By 2024

The global cosmetic preservative market is expected to reach USD 458.8 million by 2024, according to a new report by Grand View Research, Inc. The increasing demand for natural preservatives such as thyme, clove, cinnamon and tea tree coupled with growing awareness for personal hygiene are some of the major factors that augment the growth of the Cosmetic Preservative Market. 

The multiplying demand for sunscreens, lotions, and anti-ageing creams in Asia Pacific is also anticipated to positively impact the demand growth over the forecast period. Growing demand for herbal & natural ingredients in cosmetics is expected to drive the demand for organic preservatives. 

To request a sample copy or view summary of this report: 
https://www.grandviewresearch.com/industry-analysis/cosmetic-preservative-market

Further key findings from the report suggest:

• The phenol derivatives emerged as the leading product segment and accounted for 35.7% of total revenue in 2015.Growing demand for phenoxyethanol used in creams and lotions is spur market growth over the forecast period. The segment is also expected to witness the highest growth of 6.4% from 2016 to 2024.
• Skin & sun care emerged as the leading application segment and accounted for 39.2% of global revenue in 2015. Growing awareness regarding the harmful effects of ultra-violet rays on the skin is expected to spur the Cosmetic Preservative Market growth.
• Cosmetic preservatives demand in toiletries is also expected to witness significant growth over the forecast period. Rising standard of living particularly in Asia Pacific has prompted the demand for toiletries in the recent past which is expected to propel the demand for cosmetic preservatives in this segment.
• Asia Pacific emerged as the leading regional market and accounted for 35.0% of global revenue in 2015. Asia Pacific is expected to witness the highest growth on account of the growing production and demand of cosmetic products.
• New product formulations and demand for herbal & organic ingredients in cosmetics is expected to drive the regional market over the forecast period. Rising economic standards and growing awareness about personal grooming and hygiene are also anticipated to boost the cosmetics market growth which will, in turn, have a positive impact on the global Cosmetic Preservative Market.
• Some leading companies operating in the global cosmetic preservatives market include Lonza Group, The Dow Chemical Company, Ashland Inc., Symrise AG, BASF SE, Clariant AG, Akema Fine Chemicals, Brenntag AG, and Chemipol.

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Food Glazing Agents Are Good investment for Business in Upcoming Years

The global food glazing agents market is expected to reach USD 5.24 billion by 2024, according to a new report by Grand View Research, Inc. The increasing consumption of the processed and convenience items is expected to drive the industry in the near future. Food items with perfect colourful texture and attractive appearance are also expected to fuel industry growth over the forecast period. 

Manufacturers have been providing customized glazing agents in accordance with the client requirements in stipulated time frames. This has been possible in the business on account of the technological advancement coupled with the development of enhanced ingredients. 

Technological developments in the processing of these agents have therefore established as an important factor in changing the business process. Carnauba wax was the leading product segment and accounted for 23.2% of total market revenue in 2015. It is used for preparing glazing agents in confectionary and bakery application areas. It is also expected to witness the highest growth of 8.9% from 2016 to 2024.  

Browse Full research report on Food Glazing Agents Market Analysis:
https://www.grandviewresearch.com/industry-analysis/food-glazing-agents-market

Further key findings from the report suggest:

• Coating agent was the leading function and accounted for over 35% of total market revenue in 2015. Surface finishing agent is expected to witness the highest growth of 8.6% over the forecast period. The shift in consumer focus towards attractive designs, texture, quality and overall appearance is expected to drive this segment over the forecast period.
• Confectionary was the leading application segment and accounted for over 30% of total market revenue in 2015. Glazing agents in confectionary are used for sugar items such as chocolates, dragees, candies and jellies to enhance their appearance. Functional foods are expected to witness the highest growth of 8.7% over the forecast period.
• Europe was the leading regional market and accounted for 31% of global revenue in 2015. Asia Pacific is expected to develop at a faster pace in near future. This is on account of changing consumption behavior in emerging economies including China and India. The shift towards healthier & organic diets coupled with increasing disposable incomes is anticipated to impact the regional market.
• The industry is dominated by multinationals while a significant number of medium level participants are also present globally. Some of the companies operating in the market include Zeelandia, Avatar Corporation, ADM, Kerry Group, Wuhu Deli Foods Co. Ltd, Stoever Schellack Bremen (SSB) and Ningbo J&S Botanics Inc.

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com