Algae Biofuel Market to Surpass USD 10.73 Billion by 2025

The global algae biofuel market size is expected to reach USD 10.73 billion by 2025, according to a new report at a CAGR of 8.8% by Grand View Research, Inc. Depleting fossil fuel resources as well as rising awareness towards environment protection is expected to be the key factor for driving industry growth.

Algae has the ability to offer 2 to 20 times higher yield than existing biofuel feedstock including corn stover, corn, sorghum and beet which is likely to open new avenues for the industry growth over the projected period. Increasing R&D conducted by numerous startup companies as well as various oil & gas majors, and university-led research consortiums are expected to propel production of the over the projected period. However, technological challenges and high capital investment in algae biomass and fuel production are expected to limit the industry growth.

Growing demand for low cost, reliable and sustainable energy sources to ease acute vulnerability to petroleum supply chain and meet the rising fuel demand by automotive and aviation sector is expected to have a positive impact on the industry growth over the forecast period. The industry is experiencing three major hurdles including maintaining algae biomass cultivation consistency across various regions and climates, high water demand for algae production and lack of technology innovation to commercial scale up. As a result, the market is expected to foresee regional partnerships and collaborations to capitalize the production and technology exchange for large scale productions.    

Access Research Report of Algae Biofuel Market@ http://www.grandviewresearch.com/industry-analysis/algae-biofuel-market

Further key findings from the report suggest:

·       Transportation is expected to dominate the algae biofuel market accounting over 70% of the overall demand by 2025, owing to its high potential to replace diesel and gasoline in automotive vehicles

·       In Europe, the demand for the product in transportation application is expected to grow at a CAGR of over 12% from 2018 to 2025. High demand for biodiesel in the European countries owing to the government regulations and high adoption rate in the region is expected to propel industry growth.

·       North America is expected to be the largest market accounting over 30%, owing to high investment by the start-up companies and the U.S. government to support renewable energy sector over

·       Asia Pacific is expected to grow at a CAGR of over 8% to reach the revenue of over 2 billion by 2025, owing rapid technological advancements and low raw material costs in the region

·       In 2010, the U.S. based Solazyme, Inc. delivered over 36,000 liters of 100% algae-derived biofuel to the U.S. Navy, for testing and certification purpose, which was seen as key step towards product commercialization

·       The major players in the algae biofuel industry include Algenol, Blue Marble Production, Solazyme Inc., Sapphire Energy, Culture Biosystems, Origin Oils Inc., Proviron, Genifuels, Algae Systems, Solix Biofuels, Algae Production Systems and Reliance Life Sciences

Grand View Research has segmented the global algae biofuel market on the basis of application, and region:

Algae Biofuel Application Outlook (Volume, Million Gallons, Revenue, USD Million, 2018 - 2025)

·         Transportation

·         Others

Algae Biofuel Regional Outlook (Volume, Million Gallons, Revenue, USD Million, 2018 - 2025)

·         North America

o    U.S

·         Europe

·         Asia Pacific

·         Rest of the World

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.

Cat Litter Products Market to Bring In USD 5.0 Billion by End of the Forecast Period

The global cat litter products market size is expected to reach USD 5.0 billion by 2025, expanding at a CAGR of 3.8%, according to a new report by Grand View Research, Inc. Substantial increase in the cat-owning households is driving the demand for cat litter. Most of the kitten owners prefer to let their kittens outside the house owing to reasons such as human hostility and adverse weather. This is why such products play an important role in the health of the pets and the people in the house, which is one of the major driving factors in the market.

Additionally, ever since cat care has become easier with the evolution of existing cat litter, along with the introduction of new ones, consumer demand for the variety in these products is increasing. However, there are certain challenges that are expected to negatively impact the market growth. High price of these products retrains the market growth, since the cat owners in the developing countries are reluctant to buy costly pet care products. This also results in a situation where the market fails to introduce premium products more, which, in turn, hampers the growth of the market.

Both the clumping and conventional or non-clumping products are expected to witness significant growth owing to the variation in the consumer needs. The clay segment is anticipated to hold the largest share in the market, owing to its highly absorbent and solid clump formation properties. The silica segment is also expected to witness healthy growth in the coming years.

North America held the largest share of 40.0% in 2018. About 87% of the cat owners in U.S. purchase cat litter in order to maintain hygiene of their pets. Central and South America and Asia Pacific are expected to considerably contribute to the market growth over the forecast period. Key players having a strong presence in the global cat litter products market are Clorox, Nestle, Church & Dwight, Mars, Oil-Dri, Pettex, Drelseys, SINCHEM, Weihai Pearl Silica Gel, and Blue.

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

Further key findings from the study suggest:

·       In terms of revenue, both the clumping and conventional types are projected to ascend at a CAGR of 3.8% over the forecast period

·       By raw material, the clay segment dominated the market with a revenue of USD 2.6 billion in 2018

·       North America dominated the global cat litter products market in 2018 and accounted for 40.0% share of the global revenue. This trend is projected to continue over the next few years

·       The industry is highly competitive in nature with the main players including Clorox and Church & Dwight

·       Various manufacturers are concentrating on new product launches, capacity expansion, and portfolio extension to estimate existing and future demand patterns from upcoming application segments.

Grand View Research has segmented the global cat litter products market on the basis of product type, raw material, distribution channel, and region:

Cat Litter Products Type Outlook (Revenue, USD Billion, 2015 - 2025)

·         Clumping

·         Conventional

Cat Litter Products Raw Material Outlook (Revenue, USD Billion, 2015 - 2025)

·         Clay

·         Silica

·         Others

Cat Litter Products Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

·         Retail and Supermarket

·         Online Platform

Cat Litter Products Regional Outlook (Revenue, USD Billion, 2015 - 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.

Carbon Dioxide Market Technological Advancements And Mounting Demand Forecast by 2025

The global carbon dioxide market size is expected to reach USD 9.3 billion by 2025, according to a new report by Grand View Research, Inc. The industry is estimated to expand at a CAGR of 3.4% from 2019 to 2025. Increasing consumption of CO₂ in rapidly growing industries such as medical, food and beverage, and oil and gas is likely to strengthen demand.

The market is primarily driven by growing use of carbon dioxide in gas-based enhanced oil recovery (EOR). Depleting oil reserves, coupled with heavy dependence on crude oil imports, mainly in Asia Pacific, have led to the growth of EOR technology. With an increase in demand for crude oil and natural gas, the supply-demand gap is also widening.

As CO₂is a greenhouse gas, it is known to have a severe environmental impact. This has resulted in numerous carbon emission initiatives and effective carbon prices around the globe. New carbon pricing initiatives have been introduced at international, national, and subnational levels. In 2018, a total of 53 carbon pricing initiatives were implemented or are scheduled for implementation.

Ethyl alcohol was largest CO₂ production source and accounted for over 30.0% of the total revenue in 2018. The economical processes involved, ease of production of carbon dioxide, and extensive availability of the source have led to initial penetration of the segment over the past few years. Substitute natural gas is projected to exhibit the highest volume-based CAGR of 3.3% over the forecast period.

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

Further key findings from the report suggest:

·       Global demand for CO₂ is expected to reach over 104,700 kilotons by 2025

·       The food and beverages application segment accounted for the largest share in the market with a total demand of over 31,690 kilotons in 2018

·       The North America CO₂ market held the largest share in 2018 and is expected to reach just over 42,940 kilotons by 2025

·       Asia Pacific is likely to emerge as the fastest growing regional market with a volume-based CAGR of 3.5% from 2019 to 2025

·       China, India, Indonesia, and several Southeast Asian countries hold immense potential in the market thanks to rapid development in the oil and gas, medical, and food processing industries

·       U.S. emerged as a major contributing country in 2018 and is projected to generate a net worth exceeding USD 2.8 billion by 2025

·       Some of the noteworthy global CO₂ manufacturers as well as distributors are Air Products & Chemicals Inc.; Linde AG; Praxair Inc.; and Air Liquide.

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

CO₂ Source Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·         Hydrogen

·         Ethyl alcohol

·         Ethylene oxide

·         Substitute natural gas

·         Others

CO₂ Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·         Food & beverages

·         Oil & gas

·         Medical

·         Rubber

·         Fire fighting

·         Others

CO₂ Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    U.K.

o    Italy

o    France

o    Spain

·         Asia Pacific

o    China

o    India

o    Japan

o    South Korea

·         Central & South America

o    Brazil

o    Argentina

·         Middle East & Africa

o    Saudi Arabia

o    UAE

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.

Adhesive Equipment Market Overview And Rising Dependency On Factors by 2022

The global adhesive equipment market size is expected to reach USD 42.06 billion by 2022, according to a new report by Grand View Research, Inc. Increasing adhesives demand from end-use industries such as construction, automotive, textiles and footwear is expected to remain a key driving factor for global adhesive equipment market. High industrialization rates coupled with government initiatives to promote packaging sector in emerging markets of Asia Pacific and Latin America are expected to drive adhesive equipment demand. Bio-based adhesives development is also expected to strengthen industry growth as varying product specifications and associated technological developments constantly drive competition among companies. 

Global adhesive equipment market size was valued at USD 26.93 billion in 2014. Increasing application in packaging and DHP industries is expected to drive growth over the forecast period. Rising demand for intermittent adhesive dispensing to lower costs and product wastage is also expected to shape up the industry.

Increased regulatory pressure on companies by agencies such as the U.S. EPA and the REACH has led to the development of bio-based hot-melt adhesives. Major producers such as Dow, Henkel, and Nordson have invested in developing bio-based counterparts and dispensing equipment. These innovations are expected to present several lucrative opportunities for market growth over the forecast period.

Industrial hot melt equipment was the largest product segment and accounted for over 22% of total revenue in 2022. Growing demand for hot melt adhesives owing to their unique product characteristics such as low costs, quick drying time and versatility are expected to drive this segment. Rising awareness regarding sustainable adhesive consumption is expected to foster high market growth for intermittent application devices such as adhesive controllers. 

Access Research Report of Adhesive Equipment Market @ http://www.grandviewresearch.com/industry-analysis/adhesive-equipment-market

Further key findings from the report suggest:

·       Global adhesive equipment market was valued at USD 26.93 billion in 2014 and is expected to grow at a CAGR of 6.6% from 2015 to 2022.

·       Packaging was the leading application segment and accounted for over 30% of global revenue in 2014. Growth of packaging industry particularly in BRICS economies is expected to drive this segment over the forecast period. Disposable hygiene products is also expected to witness significant gains in its market size on account of growing incontinence and baby diapers demand across the globe.

·       Asia Pacific was the leading regional adhesive equipment market and accounted for over 40% of global demand in 2014. Growth of key end-use industries such as packaging, construction and hygiene products in India, China and Indonesia is expected to drive the regional market. Asia Pacific is also expected to witness the highest growth of 7.8% from 2015 to 2022.

·       Increasing geriatric population in mature economies of Europe and North America has had a direct impact on sales of adult incontinence products in the region. Growth of DHP industry is expected to drive adhesive equipment market in these regions. 

·       Global adhesive equipment market is fragmented with a presence of both large multinational corporations and domestic producers. Some key companies operating in the global market include Henkel, Nordson Corporation, Adhesive & Equipment, Inc., Robatech, Dymax Corporation, ITW Dynatec, 3M Company and Adhesive Dispensing Limited. 

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

Adhesive Equipment Product Outlook (Revenue, USD Million, 2012 - 2022)

·         Industrial hot melt equipment

·         Adhesive controllers

·         Cold Glue Applicator

·         Pneumatic Adhesive Applicator

·         Adhesive Pumping Systems

·         Adhesive Application Guns

Adhesive Equipment Application Outlook (Revenue, USD Million, 2012 - 2022)

·         Packaging

·         Construction

·         Lamination

·         Disposable Hygiene Products (DHP)

·         Technical Textiles

Adhesive Equipment Regional Outlook (Revenue, USD Million, 2012 - 2022)

·         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.