Sulfuric Acid Market Set to Surge Significantly During the Forecast Period

The Report Sulfuric Acid Market Analysis By Raw Material (Elemental Sulfur, Base Metal Smelters, Pyrite Ore), By Application (Fertilizers, Chemical Manufacturing, Refinery, Textile), And Segment Forecasts, 2018 - 2025

The global sulfuric acid market is expected to be valued at USD 13.45 billion by 2025, according to a new report by Grand View Research, Inc. Increasing investments in plant facilities due to the rising production capacity of phosphate fertilizer and tightening environmental regulations are anticipated to spur the market over the foreseeable period.

Rising demand for the production of nutrient-rich food crops is expected to boost the industry. Increasing requirement for the continuous & sustainable H₂SO₄ product for the manufacturing of phosphate fertilizer, inorganic chemicals, detergents & soaps, dyes, and gasoline is expected to trigger industry growth over the forecast period.

Growing suppliers of sulfuric acid in Saudi Arabia due to the presence of large number of acid manufacturing facilities to strengthen the growth of phosphate is expected to spur the Middle East regional market. Factors such as increase in the number of initiatives carried out by companies such as DuPont, Outotec, and Sumitomo Corporation to expand their plant facilities, enhance distribution network, and expand processing capacities are projected to propel the market over the next eight years.

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Further key findings from the report suggest:

·       The global demand was valued at USD 10.10 billion in 2016, at an estimated CAGR of 3.3% from 2017 to 2025

·       Elemental sulfur was the largest raw material segment in 2016, accounting for over 57% of the overall market

·       Increasing demand for the manufacturing of sulfuric acid from elemental sulfur owing to its environmentally-friendly property in comparison to base metal smelter or pyrite ore roasting is projected to propel elemental sulfur raw material segment

·       Fertilizers was the largest application segment in 2016 and is expected to progress at a moderate rate over the foreseeable period

·       Increasing demand for the production of phosphate fertilizer to enhance the quality of irrigation water is projected to propel fertilizer application growth 

·       In terms of revenue, Asia Pacific was the dominant regional segment in 2016 and is anticipated to hold a considerable share in the market, at an estimated CAGR of around 3.6% over the forecast period

·       Growing demand for H₂SO₄ products in chemical industries from emerging the economies of China and India and the availability of raw materials in this region is projected to drive Asia Pacific regional segment

·       In May 2017, DuPont Clean Technologies received a contract agreement from Yidu Xingfa Chemical Co. Ltd. for the technology and engineering license for a 3600 tpd MECS MAX3 sulfuric acid plant. This initiative is expected to strengthen the company’s Xingfa plant in China.

·       Some players operating in this industry include Mosaic Company, Chemtrade Refinery, DuPont, Akzonobel N.V., BASF, PVS Chemical Solution, Valero Energy, and Solvay among others.

Grand View Research has segmented the global sulfuric acid market based on raw material, application, and region

Raw Material Outlook (Volume, Million Tons; Revenue, USD Million; 2014 - 2025)

·         Elemental sulfur

·         Base metal smelters

·         Pyrite ore

·         Others

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

·         Fertilizers

·         Chemical manufacturing

·         Metal processing

·         Petroleum refining

·         Textile industry

·         Automotive

·         Paper & pulp

·         Others

Regional Outlook (Volume, Million Tons; 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.

Specialty Chemicals Market is Anticipated To Exhibit Moderate Growth With The CAGR of 5.6% by 2025

The global specialty chemicals market is expected to reach USD 1.79 trillion by 2025, according to a new report by Grand View Research, Inc. Growing popularity of high-value chemicals that play a crucial role in the development of novel products is a major driving factor for the industry.

Specialized & advanced features of these compounds lends them a significant advantage in comparison with commodity products, since the former are formulated on the basis of unique performance characteristics for specific applications in the construction, automotive, electronics, agriculture and other sectors.

International chemical authorities are widely advocating the passage of free trade agreements such as Transatlantic Trade Investment Partnership (TTIP) between the U.S. and Europe which is expected to foster manufacturing & trade of these products over the near future. Recovery in housing starts and rebounding growth of the automotive sector in North America is also a key trend impacting market dynamics.

Construction chemicals accounted for 12% of the volume share in 2016 and are expected to emerge as the fastest growing segment with over 5.7% CAGR from 2017 to 2025. The steady demand for residential projects & public infrastructure in emerging economies remains a key driving factor for compounds utilized in the production, maintenance & repair of building components.

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

Further key findings from the report suggest:

·       The global specialty chemicals market exceeded 260 million tons in 2016 and is expected to grow at a CAGR of 5.1% from 2017 to 2025

·       Coatings, adhesives, sealants & elastomers (CASE) is growing at a rapid CAGR of over 5% owing to high demand for specialty adhesives, paints, coatings and other materials in high-performance applications

·       Electronic chemicals are expected to remain an important & fast-growing segment owing to integration of miniaturized electronics in automobiles, development of solar-powered devices and rapid digitalization across emerging economies

·       Automotive applications are expected to increase at 6.0% CAGR from 2017 to 2025. Automation in assembly and other OEM processes are expected to contribute to an increase in production levels, which is turn is likely to foster higher chemicals industry revenue

·       Asia Pacific is anticipated to increase at the highest pace owing to rapidly expanding automotive and electronics sectors, along with a steady rise in industrial output in recent years.

·       Low cost labor and vast material resources are also contributing to growth in Asia Pacific, as foreign players make advances & investments in emerging nations.

·       Key industry participants such as BASF, Henkel, The Dow Chemical Company, ExxonMobil, Huntsman Corporation, AkzoNobel, Evonik Industries, PPG Industries, Avery Dennison and others are actively participating in new product launches, R&D, strategic expansions and M&A to expand their reach and improve product offering to emerging customer segments

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

Specialty Chemicals Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·         CASE

·         Agrochemicals

·         Electronic Chemicals

·         Construction Chemicals

·         Specialty Polymers & Resins

·         Others

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

·         Automotive

·         Construction

·         Agriculture

·         Industrial Manufacturing

·         Consumer Goods

·         Others

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

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    France

o    UK

o    Italy

·         Asia Pacific

o    China

o    India

o    Japan

·         Central & South America

o    Brazil

·         Middle East & Africa

o    Saudi Arabia

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.

Luxury Leather Goods Market is estimated to expand at a CAGR of 4.8% through 2025

The global luxury leather goods market size is expected to reach USD 66.6 billion by 2025, expanding at a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Rising demand for luxury products among consumers to showcase their status, increasing disposable income and purchasing power of consumers, and rise in the number of brand obsessed people are driving the market.

Rising fashion consciousness among men, along with women, is attracting various brands to expand their product portfolio in the men’s segment. Apart from the traditional luxury brand, recent affordable luxury brands are also gaining importance in the market. Various startups have come up with customized lavish products as per the demand of consumers. For instance, 1Atelier allows customers to customize the color and hardware of their leather hand bags. The strong brand recognition, along with high unit price, is driving the sales of these products in the market.

Asia Pacific has been witnessing rapid growth over the past few years on account of increasing buying pattern of lavish goods. India, China, and Japan are some of the leading markets in Asia Pacific, responsible for triggering the market growth in this region. China is one of the biggest markets for luxury leather products. As per the survey, a lot of Chinese people who travel to overseas countries save on food and hotels but spend on purchasing lavish products. Moreover, the luxury consumers of China are younger than the world average, thereby making it one of the largest markets for luxury leather products in the world.

Based on product, the market is divided into footwear, bags, accessories, and others. Footwear accounted for the largest share of 34.8% in the year 2018. The leather shoes are popular among both the genders for its status symbol and demand in formal outfit. It is not only used in casual dresses but also for formal attire. Luxury footwear are more of a fashion statement and footwear shoppers spend more and buy more frequently as compared to other leather products, thereby driving the segment.

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

Further key findings from the report suggest:

·        By product, bags is projected to ascend at a CAGR of 5.1% over the forecast period

·       The footwear product segment accounted for a revenue share of 34.8% in 2018

·       U.S., Germany, U.K., China, Japan, and Turkey are the major countries with the largest market in their respective regions.

Grand View Research has segmented the global luxury leather goods market on the basis of product, distribution channel, and region:

Luxury Leather Goods Product Outlook (Revenue, USD Billion, 2015 - 2025)

·         Footwear

·         Bags

·         Accessories

·         Others

Luxury Leather Goods Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

·         Offline Retail

·         Online Retail

Luxury Leather Goods 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.

Luxury Apparel Market Research Methodology Focuses On Exploring Major Factors by 2025

The global luxury apparel market size is expected to reach USD 84.04 billion by 2025, expanding at a CAGR of 3.5% over the forecast period, according to a new report by Grand View Research, Inc. Several characteristics includingrise in the number of millionaires coupled with brand loyalty is projected to drive the growth. Consumer perception that luxury goods will contribute to greater social acceptance, is anticipated to further fuel the market. Increasing disposable income and consumer spending on luxury products are also prominent factors driving the demand.

Luxury clothes are usually fashionable, trendy, high-class, and expensive. Luxury apparel companies not only focus on providing latest looks but they also provide apparel based on cultural trends and street culture to attract vast consumer base. For instance Indian brand Raymond Group has introduced its new brand called Raymond Khadi to provide luxury khadi apparel. Such innovations and developments are anticipated to attract luxury customers and drive the market.

Asia Pacific has been witnessing strong growth over the past few years on account of increasing attraction for luxury items in the region. China, Hong Kong, and India has the largest penetration rate of luxury clothing. Number of luxury brands are exploring the untapped regional markets and are establishing their stores owing to the rising demand. Some of the companies have also examined the potential in luxury children wear market and trying to enter into such market. The above factors are driving growth of the regional luxury apparel market.

In terms of end user, men accounted for the largest market share of approximately 56.00% in 2018. Increasing sale of luxury work wear for men is propelling the segment growth. As per the survey, it was found that men spend more on luxury and are more likely to buy the products for gifting purposes. Whereas it was also found that men and women shop for luxury items at around the same rate with the difference being in the spending on per item.

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Further key findings from the report suggest:

·       In terms of revenue, men purchased most of the luxury apparel and the segment held the largest market share of about 55% in 2018

·       Offline segment in the luxury apparel market held a revenue share of over 83.0% in 2018

·       U.S., Germany, U.K., France, China, Japan, and Turkey are the major countries with largest market for luxury apparel

Grand View Research has segmented the global luxury apparel market on the basis of end user, distribution channel, and region:

Luxury Apparel End User Outlook (Revenue, USD Billion, 2015 - 2025)

·         Men

·         Women

Luxury Apparel Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

·         Offline Retail

·         Online Retail

Luxury Apparel Regional Outlook (Revenue, USD Billion, 2015 - 2025)

·         North America

o     U.S.

·         Europe

o    U.K.

o    Germany

o     France

·         Asia Pacific

o    China

o     Japan

·         Central & South America

·         Middle East & Africa

o    Turkey

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.