Waterborne Coating Additives Market Is Likely To Reach $4.11 Billion By 2022

The global waterborne coating additives market is expected to reach USD 4.11 billion by 2022, according to a new report by Grand View Research, Inc. High rate of commercialization of waterborne coatings on account of growing consumer preference towards low toxicity and VOC content may be attributed for high growth. Advancements in formulation techniques along with increasing requirement for multi-functional additives are also expected to fuel their demand over next seven years. Waterborne coatings have penetrated approximately 90% in architectural segment in mature markets of North America and Europe as a drop-in substitute to petroleum derived solvent borne counterparts. 

Rheology modifiers were the leading product segment and accounted for over 40% of total market volume in 2014. These additives tend to lower the surface tension of the formulation which improves color acceptance, film quality, and wet abrasion resistance. Additionally, they help to control several rheological properties including brushability, in-can stability, sagging and film building. The product segment is also anticipated to witness the fastest growth of over 6% from 2015 to 2022. 

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https://www.grandviewresearch.com/industry-analysis/waterborne-coating-additives-market

Further key findings from the report suggest:

• Global waterborne coating additives market demand was 522.8 kilo tons in 2014 and is expected to reach 801.0 kilo tons by 2022, growing at a CAGR of 5.5% from 2015 to 2022.
• Global wetting & dispersion agents market size was estimated to be over 150 kilo tons in 2014 and is expected to witness significant growth over the forecast period. High requirement for preventing reflocculation of the dispersed particles in architectural and industrial wood coatings is expected to drive this segment over the forecast period.
• Hydroxyl ethyl cellulose (HEC) was the most preferred rheology modifier for waterborne formulations and accounted for over 28% of the total volume share in 2014. Hydrophobically modified HEC (HMHEC) is expected to be the fastest growing rheology modifier and is estimated to grow at a CAGR of 7.5% in terms of value over next seven years.
• Europe emerged as the leading consumer with a demand share exceeding 40% in 2014 and is anticipated to witness average growth over next seven years. Large production base of waterborne coatings along with early commercialization of the finished products in countries such as UK, Germany, France and Italy may be attributed for high penetration in the region.
• Asia Pacific is estimated to witness the fastest growth both in terms of demand and value. The regional market is estimated to exceed USD 1.3 billion by 2022. Growing architectural coatings requirement in the region owing to increasing infrastructure spending in India, Vietnam, Indonesia, Malaysia and China may be attributed for high market growth.
• Major companies operating in global industry include AkzoNobel, Allnex, BASF, Belami Fine Chemicals, Byk, Evonik, Falcon Technologies, Harmony Additive, KaMin LLC, Lubrizol Advanced Materials, Taminco.

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Safety Eyewear Market Is Growing At a Rapid Pace - Market Analysis and Forecast to 2025

The global safety eyewear market size is expected to reach USD 3.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.1% over the forecast period. The market is expected to witness significant growth due to increase in demand for protective equipment from various end-use industries. Strict regulations laid by the regulating bodies like the Occupational Safety and Health Administration (OSHA), along with various product offerings made by manufacturers in this market, have positively impacted growth.

Industrial manufacturing held a major share of the global market owing to the hazardous nature of the jobs in this sector. Moreover, many strict precautionary regulations have been imposed on the employers and the workers in this sector to increase adoption of protective equipment and prevent fatal injuries. The military application segment is expected to expand at the highest CAGR in the forecast period. Manufacturers are targeting this segment to provide more customization and increase their product offering as governments are investing heavily in the safety of military personnel.

The non-prescription product segment accounted for a significant share in the market. The prescription segment is anticipated to witness growth due to increasing demand for customized eyewear for individuals using spectacles for regular vision. Additionally, manufacturers are providing consultation services and trial products before buying safety eyewear. This is expected to propel the growth of the prescription segment, thereby driving the overall market demand.

Asia Pacific is anticipated to witness substantial growth in the coming years due to increasing industrialization, especially in China and India. U.S. was the largest consumer of protective eyewear in the world, followed by Germany, owing to implementation of stringent regulations by various governing bodies.

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https://www.grandviewresearch.com/industry-analysis/safety-eyewear-market

Further key findings from the study suggest:

• Based on application, the construction industry is expected to expand at a CAGR of 4.2% over the forecast period. The industrial manufacturing segment dominated the market in 2018 and accounted for more than 30% share of the overall revenue
• Application of the product is expected to grow in the military sector in developing countries including India, South Korea, China, and Japan owing to heavy expenditure on the defense industry and protection of personnel
• The industry is highly competitive in nature due to presence of the key players including 3M Company, Bolle Safety, and Honeywell Safety Products
• Various manufacturers are concentrating on research and development to augment product innovations and product offerings
• In December 2016, Hoya Vision acquired the safety prescription eyewear business of 3M Company. This acquisition expanded the product portfolio of Hoya Vision and enabled it to enter the safety eyewear market.

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Rapid Increase in Frozen Fruit Bars Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2025

The global frozen fruit bar market size is expected to reach USD 18.43 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 7.5% during the forecast period. Rising demand for innovative flavors coupled with the tendency of impulse buying among consumers is expected to drive the growth.

Asia Pacific is expected to witness the fastest growth in near future, owing to supportive government policies and growing population. North America is estimated to hold the maximum market shares of approximately USD 4.42 million by 2025. As a result of growing demand for tropical fruits in U.S. and European countries, many large scale manufacturers are getting into the market, especially in developed regions like Europe and U.S., among others.

Frozen fruit bars are available in various flavors. The circus flavor is projected to hold the maximum market share of approximately USD 2.32 million by 2025. Availability of variety of flavors and rising consumption of frozen fruit bars as snack are some of the major market drivers.

Manufacturers are introducing innovative new products by including exotic organic flavors, functional ingredients, and herbal fillings, in product formulations to meet the consumer demand. For instance, companies are making other exotic flavors such as lemons, coconuts, and tropical fruits to bring variety. Companies are making low-fat and low-calorie bars to cater to high demand from health-conscious consumers, which is expected to further drive the product demand.

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https://www.grandviewresearch.com/industry-analysis/frozen-fruit-bar-market

Further key findings from the report suggest:

• Asia Pacific is expected to expand at a CAGR of 11.5% over the forecast period, due to the growing demand for organic and health fruit products
• India held 36.26% of the overall Asia Pacific frozen fruit bars market in 2018 on account of high demand for different tropical fruits
• The low fat product segment is expected to witness the fastest growth owing to the growing demand for low calorie products
• Manufacturers are aiming to achieve optimum business growth by implementing strategies such as acquisitions, joint ventures, capacity expansions, new product developments, promotion of key product brands, and significant investments in R&D

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Almond Milk Market Explore Growth Of $13.3 Billion By 2025

The global almond milk market size is expected to reach USD 13.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.3% over the forecast period. Changing consumer lifestyle and rising health awareness about diabetes and obesity are the key factors driving the market.

Almond milk is a plant-based product, which serves as an alternative to animal milk. Consumers are shifting their focus towards adopting such dairy alternatives due to growing vegan population globally. This product has emerged as a booming segment in the market apart from soy milk. It is used as a main ingredient for preparing food such as frozen desserts and beverages like milkshakes.

Increasing use of organic ingredients such as almond milk in personal care products is boosting the growth of the market. This plant based product is rich in fatty acids such as omega-3 and also a great source of vitamin E, which is crucial in keeping the skin hydrated and fed. Companies such as Bodyshop, P&G, and Unilever use this liquid as their main ingredient to formulate hair care and skin care products for their global consumers.

Inflated demand for almond milk, particularly in the beverage segment, can be attributed to rising cases of lactose intolerance among the consumers of Europe, thus driving the market in the region. For instance, companies like Oatly and Califia Farms have introduced flavored almond beverage as a substitute for dairy beverages, which is soy-free, gluten free, vegan, and does not curdle when mixed with tea. Along with its major applications, this product is also used in the bakery, brewery, and chocolate industries. For instance, Baileys launched Almande Irish Cream Liqueur for its vegan consumers made from this plant milk.

Asia Pacific occupies the largest share in the global market due to high demand from the lactose intolerant population of China and other countries in East Asia. The market in Asia Pacific is anticipated to expand at a CAGR of 15.0% from 2019 to 2025 due to rising disposable income and growing consumer preferences for the product.

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https://www.grandviewresearch.com/industry-analysis/almond-milk-market

Further key findings from the study suggest:

• Asia Pacific dominated the global market in 2018 and constituted 30.8% share of the overall revenue. This trend is projected to continue over the next few years. The market in Europe is projected to generate a revenue of USD 2.8 billion by 2025
• Other applications majorly comprise bakery, brewery, and chocolate and are projected to exhibit constant growth in the next few years
• Adoption and consumption of almond milk as a dairy substitute and dietary supplement is increasing due to surge in the number of obese people in countries like U.S. and South Africa
• The industry is highly competitive due to presence of the main players including Daiya Foods Inc.; Hain Celestial Group; Whitewave Foods; Sunopta Inc.; Blue Diamond Growers; Galaxy Nutritional Foods, Inc.; and Tofutti Brands Inc.                                                  

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Premium Insights on Ready to Drink Shakes Market 2025 with Regional Analysis and Key Industry Trends

The global ready to drink shakes market size is expected to reach USD 12.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.7% over the forecast period. Growing consumer awareness regarding healthy living lifestyles at the global level is a major factor boosting the market growth. Growing beverage industry on account of consumer inclination towards organic food and drinking mainly in developed countries is further expected to drive the market.

Increasing expenditure on health and wellness among the millennial population is also influencing the market significantly. A large number of health conscious millennials consume ready-to-drink (RTD) protein shakes as a part of their daily diet. Manufacturers are introducing different types of such beverages by understanding the requirement of the consumer. For instance, Nature’s Best, a U.S.-based company, offers six different types of RTD shakes. Growing vegan population is driving manufacturers to offer pure plant-based products. For instance, a U.S. based manufacturer, Zevia offers different kinds of vegan ready to drink shakes such as watermelon, milk shake, and mango ginger energy drinks.

Tetra pack is expected to be the fastest growing packaging type with a CAGR of 5.9% from 2019 to 2025. Increasing consumer awareness about the drawbacks of the plastic packaged products is a key factor contributing to the segment growth. Moreover, it is gaining popularity among consumers as it’s an on-the-go product. Manufacturers are also increasing the production of tetra packed products due to their cost effectiveness. Various governments also provide tax saving policies to tetra packed products as they are environment-friendly. Some of the key players operating in the market are Labrada; Vega (U.S.); and CytoSport, Inc.

Supermarkets and hypermarkets emerged as the largest distribution channel in 2018 and accounted for 54.3% share in the global market. Availability of a wide range of product line is a major factor driving the consumer to purchase from supermarkets and hypermarkets. It has been observed that around 37% of the consumers prefer these channels due to availability of fresh products. The online category is the fastest growing category. Consumers are shifting their preference towards online purchase due to convenience of doorstep delivery services.

North America is the largest consumer in the market and the region accounted for more than 30% share of the overall revenue in 2018. It has been observed that around 40% of the U.S. population consume RTD shakes as a replacement of their breakfast and over 55% prefer ready to drink shakes as a replacement of their meals. Asia Pacific is expected to grow at the fastest pace from 2019 to 2025. Growing consumer preference for healthy food and beverage and increasing disposable income of consumers in developing countries are driving the market in the region.

The Ready to Shakes market is competitive in nature due to the presence of many small and large players. Some of the major companies operating in this market are Nutrineo; CytoSport, Inc.; Vega (U.S.); Nature’s Best; OWYN; PREMIER PROTEIN; AMERPHARMA; Huel; and Soylent.

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https://www.grandviewresearch.com/industry-analysis/ready-to-drink-rtd-shakes-market

Further key findings from the study suggest:

• Based on packaging type, tetra packs are projected to expand at a CAGR of 5.9% over the forecast period
• On the basis of distribution channel, supermarkets and hypermarkets dominated the market with an overall share of 54.3% in 2018
• North America led the market in 2018 and constituted 32.2% share of the overall revenue. This trend is projected to continue over the next few years
• The market in Asia Pacific is anticipated to witness growth due to increasing disposable income of consumers in India, South Korea, China, and Japan
• Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

For More Information: www.grandviewresearch.com