Concentrated Solar Power Market Expected to Collect USD 8.92 Billion by 2025

The global concentrated solar power market is predicted to reach USD 8.92 billion by 2025, according to a new report by Grand View Research, Inc. Increasing awareness about renewable energy along with government regulations to control growing carbon footprint is further propelling the market growth.

Increasing clean energy adoption over non-renewable fuels is expected to drive the global concentrated solar power over the forecast timeframe. Favourable government regulations towards reduction of carbon footprint and greenhouse gas (GHG) emissions will further enhance the business growth.

Growing electricity demand along with rising investments to augment the efficiency index will provide an impetus to the concentrated solar power market growth. The Federal Government sponsored USD 9 million towards the research and development of six new CSP projects in the country, to reduce the total project costs though technological growth.

Substantial reduction in the component costs along with supportive government incentives like energy certificates, and carbon credits will expand the concentrated solar power market over the forecast period. Regulators around the world have been encouraging grid integration, making it an affordable alternative compared to non-renewable energy sources.

Concentrated Solar Power technology can store solar energy in the form of heat, even post sunset, which is perceived as the greatest advantage that it offers over all the other competing technologies. Reliable power supply coupled with flexibility in usage assist in bridging the demand supply deficit, currently faced by nations especially in the developing world. However, CSP technology is capital intensive as compared to other solar thermal technologies, as this may prove to be a restraint for the its adoption over the forecast period.

In terms of technology, the parabolic trough technology held over 75% of the global concentrated solar power market share in 2016. Matured technology coupled with affordable costs as compared to other forms of available systems will positively influence the growth of the concentrated solar power market over the forecast period. Power tower technology was valued over USD 955.5 million by 2025. Enhanced heat storage ability, higher efficiency, and favourable capacity factor will augment the business growth.

Access Research Report of Concentrated Solar Power Market @ http://www.grandviewresearch.com/industry-analysis/concentrated-solar-power-csp-market

Further key findings from the report suggest

·       The U.S. concentrated solar power market, in terms of value, will witness growth of over 18.9% over the forecast period. Favourable government initiatives like tax credits, installation cost subsidies among other benefits will augment the business growth.

·       In Morocco, climatic conditions are favourable to the growth of CSP technology adoption, in tandem with the existing pipeline projects. Morocco concentrated solar power market is expected to exceed USD 852.2 million over the forecast period.

·       Spain concentrated solar power market size is set to exceed USD 1.22 billion by 2025. Spain is the market leader with the maximum installed capacity in the world as of year 2017.

Grand View Research has segmented the global CSP market on the basis of product and region:

Technology Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)

·         Parabolic Trough

·         Linear Fresnel

·         Dish

·         Power Tower

Application Type Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)

·         Utilities

·         Enhanced Oil Recovery

·         Desalination

·         Others

Regional Outlook (Volume, Megawatts, 2014 - 2025) (Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East and Africa

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

Market for Pressure Vessel to Reflect Steadfast Expansion During the Forecast Period

The global pressurevessel market is expected to reach USD 225.84 billion by 2024, according to a new report by Grand View Research, Inc. Increasing investment in energy sector is anticipated to be the major driving factor for the industry growth.

These vessels are containers designed to hold liquids or gases at high pressure. They have wide applications across various industries including chemicals, oil & gas, petrochemicals, power in the form of compressed air receivers, distillation towers, hot water storage tanks, nuclear reactor vessels, and natural gas storage systems.

They form an integral part of industry infrastructure for safe handling of gases and liquids. Increasing investment to build high performance-infrastructure for oil exploration activities is expected to drive the industry. The tanks are also used to store propane which is a by-product of liquefied gas processing.

Their application as boilers in thermal energy production is further anticipated to augment the industry volume in near future. These boilers are also used for the domestic hot water system. Many companies need water in the purest form and use fractional distillation. Overall product usage in distillation towers is anticipated to provide great opportunities for overall industry growth.

Access Research Report of Pressure Vessel Market@ http://www.grandviewresearch.com/industry-analysis/pressure-vessel-market

Further key findings from the report suggest:

·       Steel alloy dominated the market with an approximate share of 40% in 2015 and is expected to continue its dominance owing to easy availability of steel and superior qualities. The composite materials sector is anticipated to witness the highest growth over the forecast period. Some composite based vessels are expected to offer better performance than steel, which is expected to increase its preference in the near future.

·       Boilers are anticipated to grow at significant rate over the forecast period on account of its wide industrial applications, especially in fractional distillation. Around one-fourth of the industry in 2024 is expected to be captured by in nuclear reactors on account of increasing atomic energy implementations.

·       Power generation was the leading end-use segment and accounted for 33.5% of total market revenue in 2015. Increasing energy demand has been prompting increasing power generation which is expected to drive this segment over the forecast period.

·       Chemicals manufacturing is anticipated to witness the highest growth rate of 5.8% on account of increasing chemical projects in developing regions including the Middle East and Asia Pacific.

·       Asia Pacific was the leading regional market and accounted for 38.3% of total market revenue in 2015. Growth of power and chemicals industry in China and India coupled with government support to expand power generation capacities are anticipated to drive the regional market.

·       Major players operating in the global industry include Mitsubishi, Larsen & Toubro, Bharat Heavy Electricals, Pressure Vessels India, Samuel Pressure Vessels, Doosan, Babcock and Wilcox, Barton Firtop, and Abbott.

Grand View Research has segmented the pressure vessel market on the basis of material, product, end-use and region:

Global Pressure Vessel Material Outlook (Revenue, USD Billion, 2014 - 2024)

·         Steel Alloy

·         Other Alloy

·         Composite

Global Pressure Vessel Product Outlook (Revenue, USD Billion, 2014 - 2024)

·         Boiler

·         Nuclear Reactor

·         Separator

·         Other

Global Pressure Vessel End-Use Outlook (Revenue, USD Billion, 2014 - 2024)

·         Oil & Gas

·         Chemical

·         Power Generation

·         Others

Global Pressure Vessel Regional Outlook (Revenue, USD Billion, 2014 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Middle East and Africa

·         Central & South America

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

Glucuronolactone Market Is Projected To Reach Approximately USD 436.5 Million By 2024

The global glucuronolactone market is expected to reach USD 436.5 million by 2024, according to a new report by Grand View Research, Inc. Growing consumer awareness towards the use of glucuronolactone in various food & beverage products including energy drinks and nutrition supplements will augment industry growth over the next eight years. Growing use of the product for manufacturing pharmaceutical drugs and health supplement is expected to fuel industry growth over the forecast period. The positive outlook towards sports nutrition in light of increasing importance of active lifestyle will promote market expansion.

Food & beverage was the prominent end-use segment and was valued at USD 155.1 million in 2015. Rising health conscious population in the urban region is expected to fuel demand growth over the forecast period. Rising disposable income, increasing health awareness, growing population in various countries including the U.S., Brazil, India and China will promote market growth over the upcoming years.

Access Research Report of Glucuronolactone Market @ http://www.grandviewresearch.com/industry-analysis/glucuronolactone-market

Further key findings from the report suggest

·       Pharmaceutical application will witness the fastest growth at a CAGR of 7.0% from 2014 to 2024 as a result of increasing usage of glucuronolactone based tablets and supplements to cure arthritis, hepatocirrhosis, and hepatitis. Furthermore, recovery of pharmaceutical industry in the U.S. is expected to drive market growth over the forecast period.

·       North America glucuronolactone market was valued at USD 106.7 million in 2015 and will show significant rise owing to growing demand for energy drinks and nutritional supplements. Moreover, adoption of glucuronolactone as a supplement is also expected to fuel demand over the forecast period.

·       Asia Pacific will witness significant growth at a CAGR of 6.6% from 2016 to 2024 in light of the high level of glucuronolactone producers in China, India, and Japan with a high level of exports. Moreover, abundant availability of the product in China is expected to have a positive impact on the market over the coming years. Growing pharmaceutical sector in China, India, Indonesia, Malaysia Philippines, Singapore, Thailand and Vietnam will stimulate industry expansion.

·       Key manufacturers & exporters in the global glucuronolactone industry include Aceto Corporation, Anhui Fubore Pharmaceutical & Chemical Co., Ltd., Creative Compounds, LLC, Foodchem International Corporation, Hubei Yitai Pharmaceutical Co., Ltd., Merck Millipore Corporation, and Shaoxing Marina Biotechnology Co., Ltd.

·       Merck Millipore Corporation offers glucuronolactone produced by glucose oxidase and used as a nutritional supplement in pharmaceutical industries.

Grand View Research has segmented the global glucuronolactone market on the basis of end-use and region:

Global Glucuronolactone End-Use Outlook (Revenue, USD Million, 2013 - 2024)

·         Food & Beverage

·         Pharmaceuticals

·         Others

Global Glucuronolactone Regional Outlook (Revenue, USD Million, 2013 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

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

Tannin Market is Anticipated to Upgrade USD 3.39 Billion Revenue By 2025

The global tannin market is expected to reach USD 3.39 billion by 2025, 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.

Access Research Report of Tannin Market@ http://www.grandviewresearch.com/industry-analysis/tannin-market

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

Grand View Research has segmented the global tannin market on the basis of source, product, application, and region:

Source Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         Plants

·         Brown Algae

Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         Hydrolysable

·         Non-hydrolysable

·         Phlorotannins

Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         Leather Tanning

·         Wine Production

·         Wood Adhesives

·         Anti-corrosive Primers

·         Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa 

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