Halal Cosmetics Market Worth $52.02 Billion By 2025 | CAGR: 12.3%

The global halal cosmetics market size is projected to reach USD 52.02 billion by 2025 registering a CAGR of 12.3%, according to a new report by Grand View Research, Inc. Considerable Islamic population base across the globe that is willing to pay premium prices for Halal-certified beauty products is anticipated to drive the product demand over the forecast period. The market is niche with the presence of both large- and small-scale manufacturers. Growing concern among consumers about the usage of animal-derived ingredients, such as gelatin and collagen, has resulted in the increased production of halal-certified products by many cosmetic industry participants.

Regional companies are entering the global market to fulfill the rising demands. Middle East and Africa accounted for around 18% of the global revenue share in 2018. Though there is a growing demand for halal products in Middle East, there is an absence of complete regulation system. However, Brunei has an established regulatory system that promotes and produces halal products. There have been a lot of initiatives taken by different Islamic countries to integrate the halal industry. For instance, Malay Chamber of Commerce Malaysia (MCCM) built a marketing center in Dubai to help the growth of such products and pave opportunities for manufacturers to advertise their portfolio.

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https://www.grandviewresearch.com/industry-analysis/halal-cosmetics-market

Further key findings from the study suggest:

• Skin care is anticipated to be the fastest-growing product segment of the halal cosmetics market over the forecast period
• Makeup products is projected to be the second-largest segment and is said to register a CAGR of 12.5% from 2019 to 2025
• Middle East & Africa is the second-largest regional market after Asia and was valued at 4.04 billion in 2018
• Since Muslims constitute a major part of the population of the region, the mainstream cosmetic industry is pushed to fulfil their needs
• Some of the key companies in this market are MMA Bio Lab Sdn Bhd, Ivy Beauty Corporation Sdn Bhd, PHB Ethical Beauty

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Green Coatings Market Worth $209.2 Billion By 2025 | CAGR: 6.9%

The global green coatings market is expected to reach USD 209.2 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 6.9% over the forecast period, Owing to Increasing product penetration in construction and automotive application to replace high VOC emitting solvent based coatings is likely to drive industry growth.
The industry is highly competitive owing to the presence of several international players including PPG Industries, AkzoNobel NV, Sherwin-Williams, Evonik Industries and Eastman Chemical Company. These players are focusing on increasing their share along with profitability through product innovation, R&D activities, mergers, and acquisition.
Strong foothold of the existing players, extensive product offerings and wide geographical reach is expected to be the key barrier for the emerging manufacturers. The majority of the industry players are integrated across the value chain in order to reduce their dependency on the raw material suppliers and increase profitability.

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https://www.grandviewresearch.com/industry-analysis/green-coatings-market

Further key findings from the report suggest:

• Waterborne technology dominated the industry in 2016 and is likely to grow at a CAGR of 6.8% from 2017 to 2025 owing to its rising consumer preference towards environmental friendly products in architectural and automotive applications
• Powder technology is expected to grow at CAGR of 7.2% from 2017 to 2025, on account of its superior properties including zero VOC, superior corrosion resistance, reduced drying time and high-quality finish
• In 2016, automotive application for UV cured technology accounted for 23.4% and is expected to grow at a significant rate owing to rising product demand for manufacturing sunroof seals, window seals, and paint touch up applications
• Asia Pacific accounted for 33.4% of overall green coatings market share in 2016 and is expected to grow at the fastest rate owing to rapid growth of automotive construction industry in economies including India and China
• Europe has been a major consumer for waterborne paints owing to the stringent government regulation, early adoption of the technology and high consumer awareness regarding the product benefits
• Initiatives taken by the industry players to manufacture environmentally friendly products in order to comply with regulatory norms including EU’s VOC Regulation 2004/42/EC and U.S. EPA’s Clean Act is expected to propel industry growth
• In July 2017, AkzoNobel acquired Flexcrete Technologies Ltd. And Disa Technology in order to expand the company business in aerospace, industrial and automotive coatings. In addition, the company acquired industrial coatings business line of BASF SE in December 2015 in order to strengthen company roots in coating industry

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Automotive Coatings Market Size To Reach $36.31 Billion By 2025 | Axalta Coating Systems, BASF, PPG Industries

The global automotive coatings market is expected to reach USD 36.31 billion by 2025, according to a new report published by Grand View Research, Inc. Surging demand for both passenger and commercial automobiles in emerging countries including China, India, Mexico, Brazil, and South Africa on account of population growth and developing living standards is expected to augment market size over the forecast period. Moreover, increasing requirement of protection against harsh climate, dust, dirt, UV radiation, and acid rain is expected to aid in industry expansion.

Growing number of accident in countries including India and Brazil owing to adverse road conditions in mountainous areas is anticipated to fuel the demand for these products over the upcoming years. Moreover, increasing requirement of maintenance, repair, and refurbishing work of old vehicles is expected to stimulate growth.

Rising consumption of powder coatings in light of its superior properties, such as near zero volatile organic compound emissions and thicker layer compared to conventional coatings, is expected to increase market size. Furthermore, continuous investments by manufacturers along with increasing number of manufacturing facilities in Brazil and China will drive growth over the forecast period.

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Further key findings from the report suggest:

• The global automotive coatings industry demand was 5,902.7 kilo tons in 2015 and is expected to grow significantly on account of increasing vehicle production in rapidly emerging countries including China, Japan, India, Mexico, Brazil, South Korea, Brazil, and South Africa
• Waterborne coatings market demand is anticipated to witness strong growth in light of stringent regulations pertaining to the usage of solvent borne technology. In addition, superior properties, such as corrosion resistance, flexibility, hardness, stain resistance, adhesion, low flammability, and toxicity, are expected to surge product demand over the next nine years.
• North America contributed to 22.7% of the overall revenue share in 2015 and is estimated to witness growth on account of rising demand for pickup trucks and utility vehicles in the region
• Central and South America is expected to see substantial revenue rise at a CAGR of 5.4% from 2016 to 2025 owing to increasing small car production in Brazil. Furthermore, large automobile manufacturers including General Motors, Volkswagen, and Hyundai have been shifting their base to the region owing to lower operation costs, which is likely to aid in market expansion.
• The industry is highly competitive in nature, and manufacturers are involved in continuous product development and R&D activities. Manufacturers including Axalta Coating Systems, PPG Industries, BASF, Nippon Paint, AkzoNobel, and Kansai Paint are some of the key players in the market.
• In April 2015, Axalta established a new R&D technology center in Shanghai to develop new products for the global commercial vehicle, light vehicle OEM, refinish and industrial customers

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Rapid Increase in Industrial Lubricants Market - Key Factors, Market Segments Regions & Industry Forecasts Analysis to 2024

The global industrial lubricants market size is expected to reach USD 68.41 billion by 2024, according to a new report by Grand View Research, Inc., registering a revenue-based CAGR of 4.3% during the forecast period. Flourishing manufacturing landscape in Asia is likely to be a key growth-driving factor for the industry in future. Additionally, high demand for lubricants has also resulted in a shift in global production landscape to the eastern hemisphere, with China and India emerging as major hubs.
The global industry is characterized by stringent regulations in Europe and North America, where ecolabel norms and environmental standards have prompted companies to develop bio-based feedstock for production and assess emissions associated with the lifecycle of lubricants.
Moreover, the industry has been witnessing increasing demand for process oils, industrial engine oils, and general oils across metalworking, energy, and chemicals manufacturing sectors, which indicates a positive outlook over the coming years, particularly in Eastern European and Asian markets.
North America and Europe are mature markets for lubricants, with demand arising from new avenues of the manufacturing sector, such as industrial automation and robotics. These regions together accounted for nearly 40.0% of the overall industrial lubricants consumption in 2016. Major corporations such as Total, Castrol, and Chevron have their origins in these regions and are key entities in terms of innovative disruptions in the industry.

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https://www.grandviewresearch.com/industry-analysis/industrial-lubricants-market

Further key findings from the report suggest:

• The global industrial lubricants market size was estimated at over 15 million tons in 2016 and is projected to expand at a CAGR of 3.0% from 2016 to 2024
• Asia Pacific was the leading consumer and accounted for nearly 50.0% of the overall volume in 2016. China generated the largest demand in the region, followed by Southeast Asian countries and India
• Process oils were the leading product segment, accounting for over 32.0% of the market revenue in 2016. The segment is likely to be driven by evolving machinery maintenance standards in the manufacturing sector
• In terms of revenue, the metalworking fluids segment was valued at USD 7.2 billion in 2016. Resurgence of the metal foundry sector in America and Europe has provided much relief to the product segment in the recent past, with its growth highly dependent on trends across Asia Pacific
• Energy is a major application sector for the industry, and accounted for nearly 20.0% of the overall demand in 2016. The sector is driven by growth of renewable power generation sectors in western markets and demand, and consequent generation, of conventional energy in Asia
• Key companies operating in the global industrial lubricants market include Lubrizol, Fuchs Group, Amsoil Inc., Bel Ray Co., Kluber Lubrication, Total S.A., Valvoline International, Clariant, Quaker Chemical Corp., Royal Dutch Shell plc, Castrol, Lucas Oil, and Philipps 66
• Product innovation, restructuring supply chains, capacity expansions, and evolving marketing channels are a few areas of strategic importance for companies. In 2015, Castrol expanded its industrial lubricants facility in Chennai, India from 75 kilo tons to 95 kilo tons.

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

Solar Control Window Film Market Worth $849 Million By 2024

The global solar control window film market is projected to reach USD 849.2 million by 2024, according to a new report by Grand View Research, Inc. Growing construction and automotive industries are expected to fuel the growth of the solar control window films industry.

Solar control window films are installed on windows of buildings and vehicles in order to block harmful IR and UV rays. Installation of these films helps restrict the use of air conditioners which, in turn, lowers the emission of harmful gasses from these appliances.

The construction segment dominated the market in terms of application in 2015. It accounted for 57.4% of solar control window film market in 2015. Growing construction activities in the Asia Pacific and MEA are providing the necessary momentum to the growth of the market. Regulations regarding energy consumption and conservation particularly in commercial buildings have further increased the demand for solar control window films.

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https://www.grandviewresearch.com/industry-analysis/solar-control-window-film-market

Further key findings from the report suggest:

• Among applications, the construction segment held the largest share and is projected to grow at the highest CAGR of 6.2% during the forecast period. Increasing construction spending, especially in emerging regions such as Asia Pacific and MEA is expected to drive this segment over the forecast period. The construction industry in the U.S. has witnessed an upward surge, which has further increased the demand for the product in this segment.
• Vacuum coated films are projected to grow at the highest rate of 6.1% from 2016 to 2024, owing to their ability to block the fatal UV rays effectively. The metal content in these films reflects the sun rays and keep the interiors of buildings and vehicles cooler and prevent them from fading, making them more popular than dyed and clear films.
• Asia Pacific was valued over USD 170 million in 2015 and held the largest share in the global market. It is also projected to be the fastest growing region from 2016 to 2024, with a CAGR of over 6% courtesy growing construction and automotive industries. Emerging countries such as India, South Korea, and Indonesia have witnessed tremendous growth in both, construction and automotive sectors. Also, as the weather in this region can get hot and humid, particularly during summer, it is imperative to shield buildings and vehicles with solar control films.
• The market is dominated by key players such as Saint-Gobain SA (France), 3M Company (U.S.), Garware Polyester Limited (India), and Eastman Chemical Company (U.S.). Apart from these, several small and medium scale players are present in the market. These companies, through R&D and strategic developments, aim to increase their market shares. New product development was the most popular strategy adopted by these players, which helped them expand their current product portfolio.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-solar-control-window-film-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