Clove Cigarettes Market Is Anticipated To Grow At A CAGR of 4.5% By 2025

The global clove cigarettes market size is expected to reach USD 135.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.5% during the forecast period. The market is majorly driven by the increasing product launches driven by the growing demand for machine-made clove cigarettes.

Consumers trying to quit smoking are more inclined toward consumption of clove cigarettes owing to less harshness, blend of different flavors, and presence of low tar nicotine. Gauging the consumer preference for lighter cigarettes, companies are focusing on product launches. For instance, in 2017, Sampoerna, a subsidiary of PHILIP MORRIS INTERNATIONAL MANAGEMENT introduced a new product named Platinum A. Some of the common flavors blended with cloves and tobacco include cherry, vanilla, strawberry, pineapple, grape, orange, menthol, cocoa, and licorice with an objective to bring uniqueness in the product.

The spicy flavor of cloves along with attractive packaging of these cigarettes significantly attracts young smokers. In 2017, more than 5 million people in Indonesia used consumed clove cigarettes. Rising consumption of clove cigarettes especially among the young population in Indonesia is expected to offer lucrative opportunities for the companies operating in the clove cigarettes market.

Machine rolled full flavored clove cigarettes accounted for more than 45% market share in 2018. Clove cigarettes containing the lowest level of tar and nicotine content as compared to the full flavored variant, which is one of the unique selling points of these products. Low tar nicotine clove cigarettes is expected to register a CAGR of 4.9% over the forecast period.

Female end user segment is expected to expand at a CAGR of 3.4% over the forecast period, attributed to rising number of women smokers in regions such as North America, Europe, and Central and South America. Russian females accounted for more than 57.0% of the market share in 2018. Maximum women prefer clove cigarettes due to the presence of mixture of different flavors reduce the harshness of the products.

Asia Pacific held the largest market share of more than 60% in 2018. The growth is majorly supported by the significant production and demand for clove cigarettes in Indonesia, which accounted for about 92% alone in 2018. APAC clove cigarettes market has witnessed significant rise in demand in the recent few years. With the rise in consumer disposable income along with their willingness to try out unique and premium variants can be attributed to the regional product demand.

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Further key findings from the report suggest:

• APAC is estimated to expand at the fastest CAGR of 4.7% during the forecast period, driven majorly by the high demand from Indonesia
• Machine rolled clove cigarettes together accounts for more than 80%, with full flavored category contributing a major share.
• Some of the major players operating in the global clove cigarettes market include Philip Morris International Inc.; Gudang Garam; Nojorono Tobacco Indonesia; Japan Tobacco; British American Tobacco; and Wismilak Group 

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Drill Pipes Market Size Likely To Reach $1.31 Billion By 2025

The global drill pipes market is expected to reach USD 1.31 billion by 2025, according to a new report by Grand View Research, Inc. increasing innovation regarding improving product strength is a major trend in the industry. Industry players are focused on developing new technologies and raw materials for better performance in all type of drilling conditions including onshore and offshore remote oil and gas fields.

However, the dip in the crude oil prices over the last two years has restricted the market growth. Rig rental capital is declining in the offshore market, and customers have significantly higher bargaining power in negotiating new contracts and extensions, leading to lower day rates and an oversupply of rigs. 

API grade drill pipes held the largest share in global demand and are expected to continue their dominance over the forecast period. Standardization of the finished products along with the relatively low prices of this grade are anticipated to promote market penetration. Utilizing these products also ensure reduced operational cost to the E&P and operator companies.

API grade products are mostly preferred in normal environments and conventional basins owing to the easy availability and reduced OpEx to both E&P and contractor companies. Exploration in unconventional and harsh environmental conditions particularly in shale, CBM, and tight reserves are expected to steer premium grade drill pipes demand over the forecast period.

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Further key findings from the report suggest:

• Premium grade drill pipes are expected to account for over 25% of the revenue by 2025. The increasing use of premium grade in tight oil and gas formation is anticipated to drive the segment growth over the next eight years.
• Onshore fields dominated the global drill pipe market with a net demand of over USD 580 million in 2015. Hike in E&P in shale and CBM fields particularly in the U.S., Canada, and China have been the key factors responsible for high market penetration.
• The U.S. market demand in offshore basins exceeded a net value of USD 64 million in 2015 and is estimated to grow at a CAGR of 4.3% from 2016 to 2025
• Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the flexible regulatory scenario in economies including India, China, Indonesia, and Singapore. The Indonesian drill pipe industry is anticipated to reach a net value exceeding USD 19 million by 2025.
• The global market is dominated mostly by regional players. Some of the multinational players include Inter Drill Asia, TPS TECHNITUBE RÖHRENWERKE, Vallourec, and National Oilwell Varco.

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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.

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Plastic Compounding Market Is Exhibiting To Grow At A CAGR of 6.7% By 2026

The global plastic compounding market is expected to reach USD 95.2 billion by 2026, according to a new report by Grand View Research, Inc. Introduction of rapid manufacturing techniques & advanced additive incorporation methodologies is expected to further drive adoption of lightweight, high-performance plastics for production of several consumer products.

Plastics present a sustainable and low cost alternative to metals, wood and even ceramic materials utilized in varied industries. Rapid industrialization and expansion of said industries, including automotive, construction and electronics, specifically in emerging economies, is likely to influence consumption patterns & enhance demand over the forecast period.

An increasing number of R&D activities undertaken by key market participants, such as the recent introduction of FDA compliant polycarbonate grades by SABIC for high temperature food contact applications, are expected to revolutionize the sector. Other companies are expected to follow in SABIC’s wake, adopting sustainable and compliant manufacturing techniques to meet transitioning regulatory standards.

Polypropylene (PP) emerged as the dominant product with over 32% of the volume share in 2016. The segment is also expected to grow at a high CAGR of around 5% from 2017 to 2026, on account of its high utilization in the ever-expanding automotive industry. High impact resistance, ease of serviceability and light weight make this the material of choice for forming crucial automotive components such as bumpers, chemical tanks, gas cans, and others.

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Further key findings from the report suggest:
•The global plastic compounding market exceeded 26 million tons in 2016 and is expected to grow at a CAGR of 5.2% from 2016 to 2026
•Polyethylene (PE) emerged as one of the dominant products owing to its high demand in medical applications and special performance characteristics that make it ideal for niche applications such as bulletproof vests
•Thermoplastic vulcanizates (TPV) are expected to remain the fastest growing products with over 9% CAGR, witnessing high growth in the automotive & industrial machinery segments
•Automotive is expected to retain its dominance in the industry; however, industrial machinery is expected to overtake the segment in terms of CAGR. The latter is increasingly adopting lightweight and sustainable plastic materials in the form of fasteners, films, equipment components and others.
•Asia Pacific is likely to remain the dominant region with rapid industrialization in economies such as India, Vietnam, Thailand, Malaysia and others. The region benefits from close geographical proximity to European consumer markets, low labor costs and vast skilled workforce among other factors.
•The industry is highly fragmented in nature with over one-third of market share occupied by SMEs engaged in plastic compounding. Kingfa emerged as a major player, followed by LyondellBasell and others such as BASF, PolyOne Corporation, SABIC, DuPont, A. Schulman, Mitsubishi Chemical Corporation, Bayer, China XD, Mitsui Chemicals and others.

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-plastic-compounding-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

Needle Coke Market Is Thriving Worldwide 2019 – 2025

The global needle coke market size is projected to reach USD 5.4 billion by 2025, accelerating at a CAGR of 6.9% over the forecast period, according to a new report by Grand View Research, Inc. Surging demand for needle coke in the manufacturing of lithium-ion battery is a key factor driving the industry growth.
Needle coke is a primary element used in the manufacturing of graphite electrodes. The utilization of graphite in batteries has expanded at a robust pace over the past few years. It is the second heaviest component in lithium-ion batteries. These batteries require up to 10 to 20 times more graphite than lithium. Growth of steel industry along with increasing demand from lithium-ion batteries in electric vehicles is likely to remain a key driving factor for market growth in this region.
Rapid increase in demand for lithium-ion batteries from the automotive industry is expected to fuel the growth of needle coke industry. In addition, rising focus on the reduction of automobile weight to improve fuel efficiency and reduce carbon emissions is anticipated to drive the industry growth further. Graphite helps in providing substantial weight reduction and enhances the efficiency of batteries.
ConocoPhillips, Asbury, Sumitomo Chemical Company, and Seadrift Coke are the major players in the market for needle coke. These companies have a strong customer base, differential product offerings, and a robust distribution network across the globe. The threat of new entrants in the market is low due to high initial investments required for setting up manufacturing units and stringent government regulations.

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Further key findings from the report suggest:

• Premium-grade segment is expected to grow at a CAGR of 6.9%, in terms of revenue, from 2019 to 2025 owing to the rising installation of ultra-high power electrical arc furnaces (EAF) and growing requirement for graphite electrodes in steel industry
• Electrode was the dominant application segment in 2018 with over 64.0% of the volume share
• Asia Pacific was the major market for needle coke and accounted for 63.7% of the overall volume in 2018
• Asbury Carbons Inc.; JXTG Nippon Oil & Energy Corp.; China National Petroleum Corp.; Baosteel Group; Indian Oil Corporation Limited; Hongte Chemical Industry (Group) Co. Ltd.; Sojitz JECT Corp.; and Seadrift Coke L.P. are some of the key companies in the needle coke market
• In December 2018, Mitsubishi Chemical Corporation announced plans to increase the production capacity at its Yokkaichi Plant. The plant produces electrodes that are used in lithium-ion batteries.

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Tannin Market Is Likely To Reach $3.39 Billion By 2025

The global tannin market size is expected to reach USD 3.39 billion by 2025, expanding at a CAGR of 6.7% over the forecast period, according to a new report by Grand View Research, Inc. Globally increasing demand from the leather industry has been a major factor driving market growth. The utilization of tannin extracts in pharmaceuticals has increased owing to the growing consciousness regarding the medical advantages of tannin-based products.

Tannins are extensively utilized for the production of wine owing to their high anti-oxidation properties. These are used to provide color stabilization of wine and also to provide structural stability. All these factors are expected to benefit the demand for wine applications over the forecast period.

Tannins have mucosal tissues and coagulate proteins, which is useful for soothing skin irritation and pain. Medical tannin based products are utilized for soothing scars on the skin, wounds, sore mouth, minor hemorrhages, burns, and bronchitis.

Tannin extracts are used in all three stages of leather manufacturing including, preparation stage, tanning, and crusting. Owing to this scenario, leather tanning was the largest application category in 2015 and is expected to maintain its dominance over the next nine years. The leather tanning segment had a market share of 62% in 2015.

Hydrolysable tannin is expected to be the fastest growing segment in the product category over the forecast period with an estimated CAGR of 7.0% from 2016 to 2025. Hydrolysable tannins are often utilized in the manufacturing of pharmaceuticals owing to their antibacterial benefits. Recent studies have suggested that these tannins have beneficial effects against cancer.

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Further key findings from the report suggest:

• The global tannin demand was 1,076.3 kilotons in 2015 and is expected to grow at a CAGR of 5.8% from 2016 to 2025
• Plants emerged as the largest source segment in 2015 and is estimated to generate revenue over USD 3.22 billion by 2025
• Global tannin demand in wine making was USD 0.23 billion in 2015 and is anticipated to witness steady growth over the next nine years
• The U.S. non-hydrolysable tannin market in product category was 242.9 kilotons in 2015 and is estimated to reach a total volume of 424.8 kilotons by 2025
• The industry in Asia Pacific is projected to witness substantial growth over the forecast period owing to various developments across major economies, especially in the leather manufacturing and wooden products market. The regional market is expected to grow at a CAGR of 6.8% from 2016 to 2025.
• Key players of the industry include, Tannin Corporation, S.A. Ajinomoto OmniChem, W. Ulrich GmbH, and Laffort S.A. These major players are often indulged in joint ventures, mergers & acquisitions, in order to gain market, share and expand their product portfolio

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Whey Protein Market Is Anticipated To Grow At A CAGR of 8.1% By 2025

The global whey protein market size is expected to reach USD 12.8 billion by 2025, expanding at a CAGR of 8.1% from 2019 to 2025, according to a new report by Grand View Research, Inc. The market growth is attributed to growing awareness regarding benefits such as improvement in body composition, weight loss, metabolism, muscle growth and recovery, lever health, immunity, and digestive system. It also provides antioxidant support and treats inflammation.
Growing penetration of the product as a protein supplement owing to increase in consumption among infants, adults, baby boomers, athletes, and strength and high intensity trainers has been contributing to the growth of the global market. For instance, Davisco Foods International produces products such as BiPRO and BioZate in dairy products, whereas, it is planning to expand its product line for other applications in industries such as food service, sports nutrition, cosmetics, and infant formula.
Concentrates held the largest share of 46.2% in 2018. They find their major application in the food processing industry as protein beverages, food supplements, baked goods, and infant formulas. Isolates is estimated to be the fastest growing type, expanding at a CAGR of 8.6% over the forecast period.
Growing concerns over high protein intake and less fat resulted in an increase in demand for protein isolate. Many of the companies are coming up with new product launches. For instance, North Bay’s XP labs launched ISO XP strawberry flavored isolate. Similarly, Glanbia nutritional launched BevEdged protein powder isolate, which enables citrus and berry flavored protein drink mixes.
The nutritional application segment is expected to expand at a CAGR of 8.7% over the forecast period. Nutritional products are primarily required for muscle strengthening and recovery after athletic activities. Many of the companies are coming up with nutritional products. For instance, Abott’s Ensure max protein café mocha nutritional shake provides high quality protein to keep muscles strong and satisfy hunger. The product is gluten-free and suitable for lactose intolerance.
North America was the largest regional market with a revenue of USD 2.7 billion in 2018. The region is expected to maintain its lead over the forecast period. It recorded the highest consumption of dairy products. Due to increase in awareness about the health requirements and dairy products’ benefits, North America emerged as the adapter of whey protein owing to change in lifestyle and work culture. For instance, Fonterra Cooperative Group invested in Columbia River Technologies, a whey protein concentrate manufacturer, to expand its network for infants and sports nutrition customers.
Asia Pacific is anticipated to emerge as the fastest growing region, expanding at a CAGR of 9.0% over the forecast period. Growing population, prescriptions of supplements by doctors, emergence of whey protein pediatric milk, sports nutrition, and growing application of whey protein in the personal care industry are driving the market. Companies such as Amul and Paras manufactures Amul Pro Whey protein milk for all age groups but especially for kids, which provides quick nourishment to muscles.
Key players in the market include Hilmar Cheese Company; Maple Island Inc.; Glanbia; Saputo Inc.; Davisco Foods International Inc.; Alpavit, Fonterra Cooperative Group Ltd.; Milk Speciality Globals; Wheyco Gmbh; and Milkaut SA.

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Further key findings from the report suggest:

• By type, concentrates led the market and held 46.2% share of the global revenue in 2018
• North America dominated the market in 2018 with a revenue of USD 2.7 billion in 2018. This trend is projected to continue over the next few years
• Asia Pacific is expected to witness significant growth in the coming years on account of increase in awareness and change in lifestyle
• The whey protein market is highly competitive in nature with the main players including Davisco Foods International Inc., Alpavit, and Fonterra Cooperative Group Ltd.
• Various manufacturers are concentrating on new product launches and capacity expansion to estimate existing and future demand patterns from the upcoming product segments.

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Key Factors That Drive And Impede The Growth of Pore Strips Market

The global pore strips market is expected to reach USD 4.13 billion by 2025, registering a CAGR of 7.6% over the forecasted period, according to a new report by Grand View Research, Inc. The growing fashion consciousness coupled with increasing pollution level leading to facial skin problems is driving the product demand.

On the basis of ingredients, charcoal held the leading market share of 39.18% in 2018. The ingredient is perceived to have qualities of removing dirt and impurities and it can exfoliate the skin by removing oils, driving the adoption of the ingredient. Apart from charcoal, tea tree oil is expected to register the fastest CAGR of 9.3% over the forecast period. The natural benefits of the product that soothe the skin and cure itching and dryness is anticipated to fuel the demand.

Home segment held the leading market share of more than 59.53% in terms of revenue in 2018. The idea that the product can give instant results and is easy to use, is making it popular among the home users. Apart from home segment, salon is found to be the fastest growing consumer and is witnessing a significant CAGR of around 7.8% over the forecast period. In salon, the beauty stylists use the pore strips with other products to give better results, thus propelling the demand.

Asia Pacific emerged as the largest regional segment with more than 40.0% of the market share in 2018. The growing pollution in the emerging countries such as India and China which accounts for more than 34% of the global population and increasing consumer awareness towards healthy skin is fuelling the regional growth. Central and South America (CSA) is projected to register the fastest CAGR of over 9.7% during forecast period. The hot and humid climatic condition of the region has led to increase in demand for the product.

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Further key finding from the report suggests:

• In terms of revenue, tea-tree oil ingredient segment is projected to ascend at a CAGR of 9.3% during the forecast period.
• Countries such as Brazil, which has hot and humid climate and is facing the problem of a rise in pollution, is projected to register the faster CAGR due to increasing product demand
• Salon end use segment in the pore strips market is anticipated to register a rapid CAGR of 7.8% in the forthcoming years 

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Night Creams Market Is Anticipated To Reach $11.62 Billion By 2025

The global night creams market size is expected to reach USD 11.62 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 7.24% during the forecast period. Night creams are ultra-hydrating, deep nourishing, and restorative. The product uses high amount of emollients so they are more moisturizing and leave an oily texture on skin. Consumers with extreme dryness of skin require heavier creams. These products are generally preferred to apply during night to avoid interference of hydrating element of cream with makeup during day time. This factor is projected to drive the product demand in near future.

The market is driven by high growth of cosmetic products in Asia Pacific along with rise in sales of anti-aging products. Growing concerns regarding skin problems along with rise in disposable income of consumers are anticipated to further drive the demand. Moreover, growth os skin lightening, moisturizing, and anti-aging product sectors is expected to fuel the overall market during the forecast period.

A rising number of manufacturers and distributors are entering the skin care industry, due to the rising demand for the products that help different issues including skin hydration, elasticity, color complexion, and softeness. However, the impact of e-commerce channels, specialty and convenience stores, cost effectiveness of product, and concerns regarding skin damage creates a huge opportunity for the market growth.

Asia Pacific night creams market is anticipated to witness growth due to increasing consumer awareness regarding skin care product categories along with growing product launches by the key manufacturers. Europe is anticipated to witness a rise in sales over the forecast period. For instance, Germany consumed the largest number of personal care and cosmetics product with a value of EUR 13.54 billion in 2017.

Growing consumer awareness regarding multi-functional products such as the combination of benefits such as anti-aging and moisturizing, is anticipated to create growth opportunities for the key players. The key manufacturers engage in strategies such as product launches, acquisitions, promotional campaigns, and capacity expansions to gain greater market share.

The market is recognized by the initiatives such as, acquisitions, mergers, online sales, limited extension, and development endeavors by the key players such as L’Oréal SA, Shiseido group, Avon Inc., Beiersdorf AG, and Estée Lauder Inc. For instance, in February 2018, Clarins promotional campaign for the millennials as a Worth the Wrinkle campaign for night cream. The company also targeted young aged population about their views on aging to look real and perfect.

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Further key findings from the report suggest:

• In terms of revenue,moisturizing product is projected to ascend at a CAGR of 6.83% over the forecast period from 2019 to 2025
• Offline channel led the global night creams market with a share of over 86.60% in 2018
• Europe held the leading market share of 36.54% and is expected to witness significant growth in the forthcoming years
• The growing skin care industry on account of rise in concerns regarding skin problems mainly in developed countries is expected to further propel the market
• The market is highly competitive in nature with the presence of the main players including L’Oréal SA; Shiseido Group; Avon Inc.; Beiersdorf AG; and Estée Lauder Inc.

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Manual Toothbrush Market Is Anticipated To Grow At A CAGR of 6.9% By 2026

The global manual toothbrush market size is expected to reach USD 7.5 billion by 2026, according to a new report by Grand View Research, Inc. It is antcipated to expand at a CAGR of 6.9% during the forecast period. Rising product innovations coupled with the need to minimize complications in dental conditions is propelling the growth.

According to the World Health Organization (WHO), dental disorders are the common conditions affecting people once in their lifetime, causing discomfort, disfigurement, and pain. In 2016, the Global Burden of Disease Study predicted oral conditions affected approximately 50.0% of the world’s population with tooth decay in permanent teeth.

Especially in Asia Pacific, oral cancers are strongly prevalent due to human papillomavirus (the most common sexually transmitted infection, also known as HPV) and high consumption of alcohol and tobacco. According to the research conducted by The Lancet, alcohol consumption increased from 5.9 liters per year per individual in 1990 to 6.5 liters in 2017 and is expected to rise further to 7.6 liters by the end of 2030. In Europe, Ireland comprises the highest smoking-associated mortality rate every year, with approximately 300 individuals in every 100,000 or around 7,000 people every year losing lives from smoking-related oral diseases.

Low preference for manual toothbrushes in rural and semi-rural regions is hampering the market growth. However, manufacturers are taking initiatives for promoting the targeted product and creating awareness among a large population for optimal dental health. This factor is projected to positively influence the growth in near future.

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Further key findings from the report suggest:

• Manual toothbrushes with medium-soft bristles are increasingly demanded by individuals since they are comparatively more durable than other types of bristles
• The adult segment was valued at USD 2.6 billion in 2018 and is expected to grow substantially in near future owing to rising number of oral disorders, especially due to high intake of alcohol and tobacco and unhealthy eating habits
• North America is expected to lead the market in the forthcoming years owing to the presence of numerous market players and high demand for technologically advanced dental care products
• Adoption of innovative marketing techniques by most market players is expected to impact the manual toothbrush market growth impressively in the near future
• The players profiled in the manual toothbrush market include P & G, Colgate, Curaprox, Unilever, Boie USA, Sensodyne (GSK), Dr. Collins, Sunstar, Nimbus, Dr. Fresh, Lion, Darlie, Saky, and Beijiajie

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Islamic Clothing Market Is Likely To Reach $88.35 Billion By 2025

The global Islamic clothing market size is expected to reach USD 88.35 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 5.0% over the forecast period. Increasing expenditure by Islamic population on lifestyle and apparels, especially among the wealthy, elite, and traditional Middle Eastern population is expected to propel the product demand.
Major countries outside Western fashion industry contributing to a significant share include Malaysia, Turkey, and Indonesia, where the industry is highly lucrative. Controversies around losing the ethnic value of Muslim clothing due to its shift towards mainstream fashion industry is projected to hamper the growth.
Initiation of various marketing campaigns by industry players in line with maintaining the very core of the Muslim percepts, Sharia, or the Islamic law is projected to propel growth of the Islamic clothing market. In addition, increasing demand for modest yet fashionable clothing, especially from young generation with high purchasing power is likely to complement market growth.
Increasing reservations regarding over-commercialization of what is primarily meant to be a rigorous religious mandate can pose as a challenge to the market players. In addition, involvement of multinational fashion brands is projected to restrain growth of the small Islamic clothing companies.

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Further key findings from the report suggest:

• In 2017, ethnic wear accounted for 70.9% market share, in terms of revenue, owing to rising demand for the abayas and hijabs and thobes and jubbas in countries with a high Islamic population
• Burkha and naqaab segment is expected to expand at a CAGR of 5.4% from 2017 to 2025 owing to increasing demand from Middle Eastern countries including Saudi Arabia, UAE, and Iraq
• Sustainable fashion is expected to register a CAGR of 4.9% over the forecast period on account of the shifting focus of the leading fashion brands towards the development of innovative clothing options for younger population
• Asia Pacific contributed to over 31.3% revenue share in 2017 owing to the presence of over 63% of global Muslim population in Indonesia, Pakistan, India, Bangladesh, Myanmar, and Morocco
• Key players operating in the Islamic clothing market are House of Fraser, Marks & Spenser, Aab, H&M, and Mango among others. Leading companies cater to the rising demand for diverse options from different parts of the world. Few manufacturers are large-scale producers with a diverse product portfolio, which enables them to cater to the increasing demand

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Business Prospects and Future Scope of Medical Device Coatings Market in Healthcare Industry

The global medical device coatings market size is expected to reach USD15.69 billion by 2025, according to a new report conducted by Grand View Research, Inc. The growing demand for coatings as it improves biocompatibility between living tissue and the medical device will augment the industry growth. The growing preference for implantable and non-implantable medical equipment along with rising number of private and public hospitals will fuel market growth.
Technological innovation including the introduction of antimicrobial microRESIST technology for orthopedic implants and catheters which eliminate micro organisms will augment market growth over the forecast period. The product offers lubricity and a smooth outer surface for easy insertion of the guidewires and catheters, which in turn, will propel demand over the forecast period.
Antimicrobial coatings are expected to witness considerable revenue growth at a CAGR of 7.0% from 2016 to 2025 as they protect surfaces from microbes including fungi, parasites, bacteria, and germs. The rising number of hospitals along with the increasing requirement for healthcare facilities creates a need for sophisticated devices and equipment, which will augment product demand.

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Further key findings from the report suggest:

• Asia Pacific accounted for 20.3% of the global revenue share in 2015 and is anticipated to show substantial growth in light of rising living standard and increasing healthcare expenditure mainly in China and India.
• Presence of major medical device manufacturers in China including Jiaxing Smir Medical Devices Co., Ltd., Medtec, and GE Healthcare will drive the market growth over the next nine years.
• Central & South America is expected to witness high revenue gains at a CAGR of 7.9% from 2016 to 2025 on account of rising medical equipment usage in Brazil owing to high healthcare coverage along with increasing number of plastic surgeries in the country
• General surgery was the dominant segment and accounted for 25.3% of the overall volume share in 2015 and will witness growth as it offers superior durability and resistance to wear for the vascular surgery equipment will propel market size.
• The industry is highly competitive in nature with the main players including Sono-Tek Corp., Materion Corp., Hydromer Inc., Biocoat Inc., SurModics Inc., DSM Biomedical, Specialty Coatings Systems, Inc., and AST Products, Inc.
• DSM offers Comfort Coat hydrophilic lubricious coating for various products including catheters and delivery systems which enhance the maneuverability of catheters and patient comfort by maintaining lubricity throughout the procedure

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-medical-device-coatings-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

Meat Processing Equipment Market Scale Worth $16.22 Billion By 2025

The global meat processing equipment market size is expected to reach USD 16.22 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.2% during the forecast period. Rising demand for processed meat products owing to changing eating habits is anticipated propel industry growth over the forecast period.

Increasing purchasing power of buyers owing to rising per capita income is expected to boost industry growth. In addition, factors such as growing number of slaughterhouses, improved packaging strategies, and introduction of a number of ready-to-eat meals are expected to benefit market growth.

Notable investments by companies in order to improve processing technology is presumed to increase equipment sales. Increasing focus of companies on developing technology to improve product safety and quality and increase productivity is also expected to boost demand for advanced processing equipment.

High demand for animal proteins owing to rising awareness regarding health benefits is expected to boost demand for such products, which in turn is expected to fuel growth. Manufacturers in the market generally manufacture standardized equipment due to usage of standard processing procedures for a particular type of meat and to gain desired output.

Manufacturers in the industry are involved in product distribution through direct sales to economies they are operating in. In addition, they operate in international markets either through manufacturing locations established by them or through third-party distribution channels.

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https://www.grandviewresearch.com/industry-analysis/meat-processing-equipment-market

Further key findings from the report suggest:

• By product, slicing equipment is expected to register a CAGR of 6.2% from 2018 to 2025, owing to development of integrated machines that weigh, slice, and package meat through a single operation
• By type of meat, pork processing equipment is estimated to be the fastest growing segment with a CAGR of 6.9% from 2018 to 2025, owing to increasing consumption of processed pork products, coupled with declining cost of the meat
• The market in Asia Pacific is expected to reach a value of USD 4.21 billion by 2025 on account of growing population and increasing consumption of meat products in the region
• The global industry is characterized by presence of large number of players with localized operations and additional distribution chains in order to cater to the demand across international markets.

Access Press Release Of This Research Report by Grand View Research: https://www.grandviewresearch.com/press-release/global-meat-processing-equipment-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

Wrapping Tissue Market Is Anticipated To Grow At A CAGR of 4.0% By 2025

The global wrapping tissue market size is expected to reach USD 1.59 billion by 2025 expanding at a CAGR of 4.0%, according to a new report by Grand View Research, Inc. Factors driving the market growth include rising emphasis of manufacturers and resellers on better packaging and increasing number of e-commerce participants. Moreover, buyers prefer goods packed in attractive and high-quality packaging, which is likely to boost the demand for wrapping tissues. Such tissues are used in packaging, making kites, and origami art.

Moreover, growing consumer interest in arts and crafts is steering the market. Instagram, Facebook, and other similar platforms have created a fan following for origami and fancy gift wraps, which is also driving the product demand. In addition, rapidly expanding fast food market is contributing to the market growth. The fast food market is an unorganized sector and runs on minimum possible resources; thus, to decrease the overall costs, fast food providers prefer wrapping tissues over disposables for packaging. North America is the largest regional market.

Asia Pacific is expected to be the fastest-growing market during the forecast period owing to rapid growth in the manufacturing sector and increasing population in emerging countries. However, product threat to the environment may hinder market growth to some extent as these tissues are not recyclable and are often dyed or coated, which makes the procedure of decomposition complex. As per a recent finding 165 billion packages are shipped in US each year, which leaves a tremendous amount of waste including loads of wrapping tissue.

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Further key findings from the study suggest:

• In terms of revenue, virgin pulp product segment is projected to lead the global market over the forecast years
• Commercial application segment led the wrapping tissue market in 2018 accounting for a revenue share of around 60%
• Offline distribution channel held the maximum share in 2018 and will maintain its dominant position in future. However, online segment is projected to witness the fastest CAGR over the forecast years
• U.S., Germany, U.K., China, India, Brazil, and South Africa are the major countries with significant market shares

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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.

For more information: www.grandviewresearch.com

Mannitol Market Scaled To Be Worth $418.3 Million By 2024 | SPI Polyols Inc., Moga International Ltd

The global mannitol market is expected to reach USD 418.3 million by 2024, according to a new report by Grand View Research, Inc. Increasing demand for confectionery and bakery products such as candies, chewing gums and lozenges is expected to drive the market growth.

Mannitol is used for coating these products and also has less calorie content compared to sugar. It is widely used in sugar-free products on account of its non-hygroscopic nature and is also consumed primarily by patients suffering from diabetes.

Rising geriatric population base who do not have ready access to water at times, use mannitol-derived chewing gums. Such a trend is expected to aid the overall market over the forecast period. Owing to properties such as cooling sensation in the mouth, good aqueous solubility and lesser sensitivity towards humidity, mannitol is widely used in food grade application.

However, excessive consumption of mannitol may cause laxative effect among human beings. Such a trend is anticipated to negatively impact the global demand along with its prices over the future years.

Various regulations have been issued by European and the U.S. governments such as E421, which have been favorable to the industry growth over the next eight years. Moreover, there have been lots of technological advances in recent past to produce cheaper raw materials such as inulin which is a polymer of fructose and derived from plant tubers. These are expected to create new avenues for industry participants.

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Further key findings from the report suggest:

• The global mannitol market demand was 16.6 kilo tons in 2015 and is expected to reach 35.9 kilo tons by 2024, growing at a CAGR of 9.0% from 2016 to 2024
• Food additive emerged as the leading application segment and accounted for 36.9% of total market volume in 2015. Increasing demand for low calories sugar on account of growing health awareness is expected to drive this segment over the forecast period.
• Pharmaceutical is presumed to be the fastest growing application segment at an estimated CAGR of 9.6% from 2016 to 2024. Mannitol is used as excipients in pharmaceutical tablet formulation and also helps in treating diseases related to kidney & brain.
• Asia Pacific emerged as the most dominant regional market in 2015 and held over 60% of global demand for the same year. Changing lifestyle coupled with the prevalence of diseases related to sugar consumption in China, Japan and India are expected to benefit the regional market.
• Key companies in the industry include Roquette, Cargill, SPI Polyols, Inc., SPI Pharma, Bright Moon Seaweed, Singsino Group Ltd., Hebei Huaxu Pharmaceutical Co., Ltd, EMD Millipore and Moga International Ltd. The market witnesses’ different dynamics regarding market strategies, M&As, and product diversification.

Access press release of this research report by Grand View Research:  www.grandviewresearch.com/press-release/global-mannitol-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

Linseed Oil Market Is Likely To Reach $939 Million By 2025

The global linseed oil market is expected to be valued at USD 939 million by 2025, according to a new report by Grand View Research, Inc. Linseed oil is naturally derived from dried flax seeds by the process of pressing and solvent extraction. Increasing investments in plant facilities for the production of flaxseeds are projected to propel the market over the foreseeable period.

Linseed oil is largely used for manufacturing products such as paints, putty, wood finish, nutritional supplement, food processing, flooring, and linoleum. It is used as a drying oil in wood varnish finishing pigment binder in oil paints due to its fast drying, bonding, and film forming properties.

Linseed is rich in nutrition and fiber content along with vitamins and essential fatty acids, which increase its demand in the market in nutritional supplements industry. Increasing suppliers of flax are expected to drive the market over the coming years. Growing awareness regarding the use of flax oil for weight reduction, healthy hair, and dandruff removal is projected to propel the market growth.

The rising number of R&D activities and mergers & acquisitions carried out by companies, such as Archer Daniels Midland (ADM) Company, Cargill, Incorporated, and Henry Lamotte Oils GmbH, to enhance the product portfolio is projected to propel the market over the next eight years. Growing crop harvest, yield, and production of oil from flaxseed crop in the U.S. are projected to spur the North American regional segment.

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Further key findings from the report suggest:

• The global demand was valued at USD 720 million in 2016 and the market is expected to record a CAGR of 3.0% over the forecast period
• Increasing awareness regarding the medical benefits offered by this oil as cancer & cellulite fighter and heart health booster is expected to propel the market growth
• Paints & varnishes emerged as the largest application segment and generated a revenue of USD 211.09 million in 2016
• The growing number of manufacturers and suppliers of flaxseeds for the production of linseed oil is anticipated to spur market growth over the forecast period
• Regulation directives have been provided by Occupational, Safety & Health Administration (OSHA) in the U.S. for the industrial hygienists on extracting oil from flaxseeds
• Asia Pacific was the significant regional segment in 2016 and is anticipated to hold a considerable share in the market, reporting an estimated CAGR of around 3.4% in terms of revenue over the forecast period
• Increasing demand from paints and food processing end-use industries is projected to drive the Asia Pacific regional market
• Growing demand from the U.S. and Canada for the product as a varnish for wooden products is projected to boost the industry
• In September 2013, Cargill rebuilt and expanded its oilseed processing plant in West Fargo, which processes sunflower and canola seeds into edible oil for food processing business, flaxseed for linseed oil for industrial use, and protein meal for animal feed
• Players operating in the market include Gustav Heess GmbH; Henry Lamotte Oils GmbH; Krishi Oils Limited; Cargill, Inc.; Archer Daniels Midland (ADM) Company; Natrol, LLC.; and Natural Factors, Inc.

For More Information: www.grandviewresearch.com

Caprylic Acid Market Scale To Reach $4.4 Million By 2022

The global caprylic acid market is expected to reach USD 4.4 million by 2022, according to a new report by Grand View Research, Inc. Widespread use of caprylic acid in personal care, and pharmaceutical industry coupled with the growth of these end-use industries is expected to drive growth. Furthermore, growing demand for the acid in manufacturing pesticides and surfactants is expected to propel market growth over the projected period. 

Pharmaceutical accounted for 17.9% of the overall volume share in 2014. Growing use of caprylic acid in the treatment of yeast infections on account of its anti-microbial and anti-fungal properties is expected to propel demand over the forecast period. Furthermore, rising use of the product for treatment of Crohn’s disease, bladder infections and gingivitis is also expected to drive the market. 

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

Further key findings from the report suggest:

• Personal care accounted for 39.2% of the overall volume share in 2014. Caprylic acid is used extensively in hair care, skin care, and cosmetic products owing to its skin as well as hair conditioning properties. Furthermore, caprylic acid helps acts as an emollient and dispersing agent wherein it helps in the release of pigments and vitamins thereby providing smooth texture to the hair as well as skin.
• Caprylic acid has profound usage as a natural antimicrobial ingredient for food contact surfaces & equipment, which includes breweries, wineries, and meat processing plants. It helps to maintain proper functioning of the digestive tract and pH balance of the body. Furthermore, this product also activates ghrelin, which stimulates hunger and increases appetite. Market for caprylic acid in food & beverage applications is estimated to be worth USD 1.3 million by 2022.
• North America market accounted for over 30.0% of the volume and revenue share in 2014. Growing demand for organic personal care products as well as food & beverages is expected to be a key factor driving the market. Caprylic acid is used on food & beverage processing equipment due to its anti-microbial and anti-fungal property.
• Asia Pacific caprylic acid demand was 118.2 tons in 2014. Personal care segment in Asia Pacific is expected to witness significant growth on account of increasing disposable income and changing consumer preferences towards naturally derived organic products. In addition, China pharmaceutical market is expected to witness significant growth on account of the economic & demographic conditions, improved R&D activity and growing health concerns.
• Caprylic acid market is characterized by integration across various stages of the value chain by the various companies including Willmar International Limited, Kuala Lumpur Kepong Berhad, VVF Company, P&G and Oxiteno 

Access Press Release Of This Research Report by Grand View Research: https://www.grandviewresearch.com/press-release/global-caprylic-acid-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

BIPV Market Poised to Exhibit a Double-Digit Growth in Next Five Years

The global building-integrated photovoltaics market size is expected to reach USD 36.74 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 18.8% from 2019 to 2025. Favorable rules and regulations to enhance renewable installations will drive the demand. In addition, policy tools such as financial incentives for BIPV installations will propel the growth.

Increasing adoption of renewable energy sources which help maintain the aesthetic appeal of buildings is likely to boost the demand for building-integrated photovoltaics over the forecast period. In addition, rise in awareness regarding energy sustainability and self-sufficiency among the consumers in various countries is projected to propel the growth of integrated installations over the next seven years.

Demand for integrated rooftop PV installations is expected to increase over the forecast period as these are one of the simplest installations. In addition, favorable policies and regulations supporting net-metering for renewable power sources in countries such as India, France, U.S., U.K., and Spain will result to boost the demand for roof-top solar installations in residential as well as commercial establishments over the forecast period.

Thin-film technology is expected to expand at a CAGR of over 20% from 2018 to 2025 due to better aesthetic appeal showcased by thin film technology in comparison to the Crystalline-silicon (C-Si) technology.

To request a sample copy or view summary of this report: 
www.grandviewresearch.com/industry-analysis/building-integrated-photovoltaics-bipv-market

Further key findings from the report suggest:

• Roof-mount photovoltaics held the largest market share of over 60% in terms of revenue in 2018
• Building-integrated photovoltaics glass is projected to emerge as the fastest growing application category for BIPV installations. The segment is estimated to reach a net global market worth exceeding USD 6.90 billion by 2025
• Improved aesthetic appeal due to its transparent nature along with significant technological advancements in glass integrated installations is expected to drive the glass segment over the forecast period
• Industrial segment led the global BIPV market due to efforts made by various manufacturers to limit their reliance on conventional sources and increase their adoption of greener sources of power generation
• Asia Pacific is expected to witness the highest CAGR of 20.6% over the forecast period to reach a net worth exceeding USD 8.30 billion by 2025
• Some of the major players operating in the global building-integrated photovoltaics market comprise AGC Solar, BIPV Ltd., Belectric Holding GmbH, and Heliatek GmbH. The companies are utilizing merger and acquisition strategy to enhance their global reach

Access press release of this research report by Grand View Research: www.grandviewresearch.com/press-release/global-building-integrated-photovoltaics-bipv-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

Bath Furnishing Market Is Anticipated To Grow At A CAGR of 3.2% By 2025

The global bath furnishing market size is expected to reach USD 47.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.2% over the forecast period. The market is driven by consumer concerns over healthy and hygienic products, especially in the bathroom accessories segment. Moreover, drastically changes in purchasing power of consumers in developing countries such as China and Japan have fueled the demand over the forecast period.

The market is driven by growth of the wellness and hospitality sectors in Asia and South America, along with rise in sales of furniture products used in the industry. Moreover, the growth is attributed to growing middle and high class population leading to a rise in disposable income of consumers. Moreover, growing purchasing power of consumers leading to adoption of premium products and inclination towards decorative and smart products are anticipated to drive the demand in market.

Increasing number of product launches in bath fittings such as faucets, shower heads, and mirrors in industry due to growing demand for specialty products is a key driving factor. Moreover, impact of e-commerce channels, presence of a number of furniture shops and DIY shops, cost effectiveness, and health conscious consumers provide a lucrative growth opportunity for the global market.

North America is anticipated to witness significant growth due to increasing consumer awareness regarding hygienic product categories, along with growing product launches in bath furnishing market. Moreover, Asia Pacific is expected to witness a rise in sales of bathroom fittings due to growth of the construction industry and increasing demand for products over forecast period.

Growing demand for interior designing techniques and products in the home decor market will increase the growth of global market. Moreover, increasing focus of leading players on decorative mirrors and fittings products will fuel its demand in the market. Companies are launching products and expanding their capacity in order to gain a major share in the market. The market is recognized by a few initiatives such as mergers and acquisitions, online sales, limited extension, and developments endeavored by the key players in the business such as Toto Ltd.; Kohler Co.; GROHE AMERICA, INC.; Ideal Standard International; Hansgrohe; Moen Incorporated; Roca Sanitario; S.A.; and Villeroy & Boch Group.

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https://www.grandviewresearch.com/industry-analysis/bath-furnishing-market

Further key findings from the study suggest:

• By product, furniture is projected to ascend at a CAGR of 2.8% over the forecast period
• The offline channel dominated the global market with a share of 87.4% in 2018
• North America dominated the global bath furnishing market in 2018 and accounted for 36.4% share of the overall revenue. This trend is projected to continue over the next few years
• Booming hospitality industry on account of growth of the tourism sector mainly in developing countries is further expected to propel the market growth
• The market in Asia Pacific is anticipated to witness significant growth due to increasing disposable income in India, South Korea, China, and Japan
• The industry is highly competitive in nature with the main players including Toto Ltd.; Kohler Co.; GROHE AMERICA, INC.; and Ideal Standard International
• Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

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Watches Market Is Anticipated To Reach $117.8 Billion By 2025

The global watches market size is expected to reach USD 117.8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 13.0% over the forecast period. Rising importance of smart watches as a key wearable device that provides exceptional functionality to paired up with Bluetooth and near field characteristics (NFC) is expected to prompt the product’s consumption among the buyers. Furthermore, growing popularity of weight management among sports enthusiasts and gym professionals as a result of increasing concerns over heart diseases and obesity is expected to fuel the demand for smart watches for body activity monitoring.

Asia Pacific is expected to expand at a CAGR of 13.9% from 2019 to 2025. Improvement in economic indicators including increasing disposable income and urbanization in the countries including China, India, and Malaysia is projected to upscale the requirement of watches. Furthermore, increasing number of supermarkets in these countries in light of favorable government policies for promoting investments in the manufacturing and retail sectors on a domestic level is expected to ensure the product’s access in the near future.

The industry is growing rapidly as the vast features offered by these products is attracting more customers. Features including GPS, distance tracker, health tracker, speakers, and Bluetooth connectivity are giving smart watches an upper hand in terms of preference among the customers. The majority of watches are available in the form of quartz product types. In October 2017, Tag Heuer announced its partnership with Enjoy, a startup company by Ron Johnson that specializes in custom tailored and home delivery watches called Personal Atelier.

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https://www.grandviewresearch.com/industry-analysis/watches-market

Further key findings from the study suggest:

• North America accounted for more than 30.0% share of the overall revenue in the year 2018
• The fitness product segment generated a revenue of more than USD 10.0 billion in 2018
• By operation, quartz accounted for 70.8% share of the overall revenue in 2018
• Online channel is expected to expand at a CAGR of 14.0% from 2019 to 2025
• Key manufacturers in watches market include Rolex SA, Oakley, Inc.; Omega SA; Apple Inc.; Patek Philippe SA; and Titan Company Limited. Product launches are expected to remain a critical success factor over the next few years
• In March 2018, Citizen launched two new products from CAMPANOLA with product name NZ0000-15F and AH7060-53F featuring traditional Japanese “Urushi” lacquerware dial created by master artisans.

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Shampoo Bars Market Is Anticipated To Grow At A CAGR of 7.6% By 2025

The global shampoo bar market size is expected to reach USD 17.0 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.6% over the forecast period. Increasing awareness regarding environmental friendliness and sustainability among consumers is expected to shift the focus towards zero plastic wastage associated with the personal care products packaging. In addition, growing application of organic hair care products as a result of rising concerns over hazardous effects associated with synthetic counterparts is a key driving factor.
The global market is fragmented in nature due to the presence of a large number of players. Furthermore, rising number of new entrants has increased the market competition as companies are providing innovative and customized products. Manufacturers are adopting various marketing strategies in order to increase the product visibility and product penetration. For instance, in January 2019, Lush Retail Ltd. inaugurated its first packaging free “Naked” cosmetics exclusive outlet in Manchester, U.K. The company aims to reduce plastic wastage from the cosmetic and personal care industries. These initiatives are likely to fuel the demand for shampoo bar in the foreseeable future.
Asia Pacific is expected to be the fastest growing regional shampoo bars market with a CAGR of 8.2% from 2019 to 2025. Over the past few years, recycling of plastic has become a critical concern in Australia. According to the National Waste Report 2018 published by the Department of the Environment and Energy, in the year 2016-17, Australia generated around 103 kg per capita of plastic waste. Out of which, 87% of the plastic wastes went to the landfill, 12% was recycled, and just 1% of the waste was converted into the energy from a waste facility.
This huge plastic wastage is becoming a burden on the environment. In order to eradicate this problem, in 2018, the Department of the Environment and Energy, Australia, announced to ban microbeads from the cosmetic and personal care products packaging. These government initiatives are likely to support the demand for shampoo bar, which comes with no packaging.

To request a sample copy:
https://www.grandviewresearch.com/industry-analysis/shampoo-bar-market

Further key findings from the study suggest:

• Online distribution channel is expected to generate a revenue of USD 11.9 million by the end of 2025
• Asia Pacific is projected to expand at the fastest CAGR of 8.2% from 2019 to 2025
• In terms of revenue, North America accounted for the largest share of 65.7% in 2018
• Key players in shampoo bars market include Lush Retail Ltd.; J R Liggett Ltd Inc.; Plaine Products; Osmia Organics, LLC; BEAUTY AND THE BEES PTY LTD.; Oregon Soap Company;The Refill Shoppe;BIOME LIVING PTY. LTD.; Rocky Mountain Soap Company Inc.;and Ethique Beauty Ltd.

For More Information: www.grandviewresearch.com

Starch Derivatives Market Is Anticipated To Grow $74.30 Billion By 2022

Global starch derivatives market is expected to reach USD 74.30 billion by 2022. Growing demand for sweeteners in various food items such as bakery & confectionary, carbonated & energy drinks is expected to propel growth over the next seven years. Furthermore, growing pharmaceutical sector in countries such as Saudi Arabia, Brazil, India, China and the U.S. is expected to further increase demand for starch derivatives. Stringent regulations encouraging the use of natural ingredients across various sectors including pharmaceutical, textile, fermentation and cosmetics is likely to propel industry growth. However, fluctuating prices of raw materials coupled with high R&D cost is expected to be a major restraint affecting growth over the forecast period.
Glucose syrup dominated the global market in the year 2014 and is likely to generate high revenue gains over the seven years, accounting for over USD 44.0 billion by 2022. Increasing consumption of processed meats, ice creams, convenience food, instant dessertsand bakery products are expected to augment demand for the product over the next seven years.

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Food &beverages segment accounted for the largest application share in 2014 and is expected to witness significant gains at a CAGR of over 6.0%.Rise in product innovation by manufacturers coupled with rising consumer preferences for high quality products is likely to propel growth.

Rising consumer demand for food and beverages, pharmaceutical and personal care products in Latin America and Middle East & Africais expected to propel demand for the product over the next seven years. Moreover, improving economic conditions in the region owing to rapid industrial growth is expected to be the keydrivers. In addition, increasing urbanization and changing consumer lifestyle is expected to increase demand for packaged foods which in turn is anticipated to propel demand for starch derivative industry over the projected period.

As of 2014, Asia Pacific dominated the global market in terms of revenue as well as volume and is expected to witness highest CAGR, growing at over 6.0% from 2015 to 2022. Rapid economic growth led by China and India coupled with capacity expansions in food & beverage industry in the region is likely to have a positive impact on growth.Furthermore, increasing demand for bakery and confectionary products in India, China, Vietnam, Malaysia, and Australia is likely to fuel growth in the region.

Key players in the starch derivatives market include Ingredion Incorporated, Tate & Lyle PLC, Global Bio-chem Technology Group Company Limited, Cargill Inc. and RoquetteFrères. Growing emphasis on developing new and innovative products by manufacturers in order to cater to needs ofvarious industries is likely to promote growth. Cargill Inc. and Roquette have invested heavily in Asia Pacific for capacity expansion of existing plants and to increase the number of manufacturing facilities.

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Biological Seed Treatment Market Scale Worth $1.8 Billion By 2025

The global biological seed treatment market size is projected to reach USD 1.8 billion by 2025, exhibiting a remarkable CAGR of 11.6%, according to a new report by Grand View Research, Inc. Rising inclination of consumers toward pesticide-free crops is likely to drive the market growth over the forecast period. Biological treatment uses naturally-derived raw materials to protect seeds from various pests and diseases.

According to a research conducted by The Energy and Resources Institute (TERI), New Delhi, India, biological seed treatment of corn, soybeans, cotton, and cereal grains has resulted in an increased yield of up to 10.0%. The treatment acts as a biostimulant and helps facilitate early growth rate. It promotes microorganisms to colonize the roots, thus protecting the crops during the entire growth season.

Biological seed treatment is garnering more importance as compared to chemical treatment due to the shifting preference of consumers toward healthy and organic food. The harmful side effects resulting from excessive usage of chemical products have led to rising awareness related to biobased products. In most of the developing countries, farmers have started adopting organic farming, which has directly impacted market penetration.

Biofungicides and bioinsecticides are mainly used for seed protection while biofertilizers and biostimulants are used for seed enhancement to boost harvesting yield and quality. Among these, biofungicides are likely to witness relatively higher growth rate and the segment is anticipated to grow at a CAGR of 12.1%, in terms of revenue, from 2019 to 2025.

Europe was the largest product consumer with a market share of over 38.8%, in terms of volume, in 2018. The region is anticipated to grow at a CAGR of 10.0% from 2019 to 2025. The growing agriculture industry aided by land availability and government support is likely to pave the way for growth of the European market. Various regulations have been established by multiple agencies against the excessive use of synthetic agricultural chemicals in the region, which are in turn projected to benefit the market growth.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/biological-seed-treatment-market

Further key findings from the report suggest:

• Microbials product segment dominated the biological seed treatment market owing to their high effectiveness in the protection of crops & seeds
• On the basis of function, seed protection segment accounted for the largest market share of over 67.3%, in terms of revenue, in 2018 and it is likely to grow at a CAGR of 11.8% from 2019 to 2025
• Some of the key industry participants include Bayer CropScience, BASF SE, Italpollina S.p.A., Monsanto Company, Syngenta AG, Koppert Biological Systems, DowDuPont, Incotec, Plant Health Care plc, and Precision Laboratories, LLC
• In September 2018, DowDuPont got approval for its new herbicide MezaVue, which is available in the market since January 2019
• In March 2019, Italpollina acquired Horticultural Alliance, Inc., a U.S.-based horticulture company, specializing in the production of mycorrhizal inoculants and other beneficial bacteria for organic plant health maintenance.

For More Information: www.grandviewresearch.com

Future Business Opportunities in Fumaric Acid Market: Grand View Research, Inc.

Global Fumaric Acid Market is expected to reach USD 764.8 million by 2020, according to a new study by Grand View Research, Inc., Increasing convenience food demand coupled with growing middle class per capita disposable income in Asia Pacific and Latin America is expected to drive the global fumaric acid market over the forecast period. Introduction of ethnic and exotic flavors by food & beverages manufacturers is also expected to prompt demand growth. Stringent environmental regulations in order to reduce green house gases (GNG) emission is expected to remain a key challenge for market participants. 

Food & beverages was the leading application segment and accounted for 34.3% of the total market volume in 2013. Fumaric acid is used as an acidulant in food & beverages owing to its properties such as micro-organisms growth controller, pH modifier and flavor enhancer. Food & beverages is also expected to witness the highest growth rate of 7.0% from 2014 to 2020. Unsaturated polyester resins (UPR) are expected to witness moderate growth rate over the next six years. Increasing construction spending coupled with increase in automobile production particularly in China, India, Indonesia and Thailand is expected to augment fumaric acid demand for UPR.

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Further key findings from the study suggest:

• Global fumaric acid demand was 233.3 kilo tons in 2013 and is expected to reach 346.2 kilo tons by 2020, growing at a CAGR of 5.9% from 2014 to 2020.
• Asia Pacific was the leading regional market and accounted for 61.5% of the total market volume in 2013. Asia Pacific is also expected to witness the fastest growth to continue its dominance in the global market over the forecast period. European market is expected to exceed USD 80 million by 2020, growing at a CAGR of 4.6% from 2014 to 2020.
• North America is expected to grow at an estimated CAGR of 5.4% in terms of revenue from 2014 to 2020. U.S. is the leading fumaric acid consumer in North America. Increasing convenience food demand coupled with growing health consciousness among consumers is expected to drive the regional demand.
• Global fumaric acid market is moderately concentrated fumaric acid with companies such as Prinova LLC, Bartek Ingredients, Polynt S.P.A and Prinova LLC being market leaders. Other key companies operating in the global market include Thirumalai Chemicals, Dastech International Inc, The Chemical Company and U.S. Chemicals LLC.

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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.

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