Petrochemicals Market Advanced Technologies and Growth Opportunities Worldwide By 2027

The global petrochemicals market size is projected to reach USD 651.1 billion by 2027, expanding at a CAGR of 5.0%, according to a new report by Grand View Research, Inc. The market for petrochemicals is largely driven by rising demand for downstream specialty chemicals and plastic manufacturing.

The industry is growing through a transformation with manufacturers focusing on high margin products and trying to optimize raw material costs. Sustainability is the key standpoint driving decision making. The rising plastic waste and pollution resulting from manufacturing facilities have prompted manufacturers to take steps to tackle the rising problem. Going ahead, manufacturers are trying to develop products with widened application scope and minimal environmental impact. In China, technologies are being developed to recycle plastic waste into crude oil. Commercialization of these technologies will not only reduce pollution but also ensure the supply of raw materials to the petrochemical industry.

Capacity additions are expected to be a major feature of the market for petrochemicals. Passing through the consolidation phase in 2012 - 2016, the market for petrochemicals witnessed a large number of strategic divestments and acquisitions. Currently, a large number of projects are being constructed in North America, China, and the Middle East. China is expected to be a major player with more than 6.9 million metric tons of cumulative capacity expected to be operational by 2021. The Middle East is expected to face a lot of problems with manufacturers viewing China as a favorable destination. However, with its current rate of construction, the region is expected to add around 12 million metric tons of cumulative capacity between 2018 and 2022.

Access Research Report of Petrochemicals Market@ www.grandviewresearch.com/industry-analysis/petrochemical-market

Further key findings from the report suggest:

• The demand for butadiene is anticipated to reach USD 19.8 billion tons owing to rising applications in chemical manufacturing and monomers for tire production
• The demand for methanol is expected to witness a CAGR of 4.7% in terms of revenue over the forecast period owing to growing application scope in end-use industries such as pharmaceuticals, pesticides, and paints
• The petrochemicals market in Canada recorded a revenue of USD 10.1 billion driven by rising oil exploration activities and development of integrated facilities
• The demand for petrochemicals in Belgium is expected to grow at a CAGR of 2.9% in terms of revenue from 2020 to 2027 on account of the presence of large number of specialty chemical manufacturers and steady growth exhibited by the manufacturing sector
• The major industry participants are Royal Dutch Shell, Chevron, Sinopec, Exxon Mobil, and BP PLC.

Grand View Research has segmented the global petrochemicals market on the basis of product and region.

Petrochemicals Product Outlook (Volume, Million Tons; Revenue, USD Million, 2016 - 2027)

• Ethylene
  • Polyethylene
  • Ethylene oxide
  • EDC
  • Ethyl benzene
  • Other (including alpha olefins, vinyl acetate etc.)
• Propylene
  • Polypropylene
  • Propylene oxide
  • Acrylonitrile
  • Cumene
  • Acrylic acid
  • Isopropanol
  • Other
• Butadiene
  • SB Rubber
  • Butadiene rubber
  • ABS
  • SB latex
  • Other (nitrile rubber, mechanical belts etc.)
• Benzene
  • Ethyl benzene
  • Phenol/cumene
  • Cyclohexane
  • Nitrobenzene
  • Alkyl benzene
  • Other (including alkyl benzene, maleic anhydride)
• Xylene
• Toluene
  • Benzene
  • Xylenes
  • Solvents
  • TDI
  • Others (including pesticides, drugs, nitro toluene etc.)
• Methanol
  • Formaldehyde
  • Gasoline
  • Acetic acid
  • MTBE
  • Dimethyl ether
  • MTO/MTP
  • Other

Petrochemicals Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2016 - 2027)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK.
  • Belgium
  • France
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
• Latin America
  • Brazil
• Middle East
  • Saudi Arabia
• 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.

Refrigerant Market Size Worth $30.37 Billion By 2025

The global refrigerant market size is expected to reach USD 30.37 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% during the forecast period. Development of eco-friendly alternatives, as a result of environmental policies aimed at ozone depletion and GHG emissions, is a key factor driving market growth. 

Regulations across EU, Japan, China, and U.S. have prompted consumers to shift toward hydrocarbon and inorganic refrigerants, with its demand predicted to increase drastically over the forecast period. The fluorocarbons segment accounted for over 50% of the overall consumption in 2016.

Inorganics emerged as the second-largest product segment in terms of revenue. Thermal efficiency of the product has enabled its penetration across industrial applications. Low cost, easy availability, and eco-friendly characteristics are key factors boosting its demand in industrial areas.

The Asia Pacific market for refrigerants has reported strong demand in recent times. Growth in industrial activity and productivity across China and India will continue to spur demand for refrigeration across residential, industrial, and commercial sectors. China represented more than one fifth of the global consumption in 2016.

Companies are constantly striving to consolidate their presence through product development, regional expansions, and application diversification strategies. Innovative and cost-effective products that meet both end-user specifications and regulatory standards are key determinants for competitive edge.

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

Further key findings from the report suggest:

• The global refrigerant demand was estimated at 1.73 million tons in 2016 and is expected to rise at a CAGR of 5.4% from 2017 to 2025
• The United Nations Framework Convention on Climate Change has played a pivotal role in regulating the use of refrigerant products and has compelled industry participants to develop alternative sources
• Europe is the second largest consumer, with the mobile air conditioning, industrial, and commercial refrigeration sectors exhibiting strong demand. A standard environmental policy across EU has impelled regional manufacturers to invest extensively in R&D
• The hydrocarbon refrigerant segment is expected to witness a CAGR of 8.9% in terms of volume over the forecast period. Energy efficiency, low cost, and ecofriendly nature of the product are key traits positively influencing demand
• Domestic refrigeration is estimated to emerge as the most promising segment in terms of volume, exhibiting a CAGR of 6.2% over the forecast period
• Some of the key players in the market are Honeywell International, Daikin Industries Limited, Arkema S.A., Linde Group, and The Chemours Company.

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

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

• Fluorocarbon
• Hydrocarbon
• Inorganic
• Others

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

• Industrial Refrigeration
• Domestic Refrigeration
• Transport Refrigeration
• Commercial Refrigeration
• Stationary Air Conditioning, Chillers & Heat Pumps
• Mobile Air Conditioning

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa
  • 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.

Rare Earth Elements Market is Anticipated To Reach USD 5.62 Billion by 2025

The global rare earth elements market is anticipated to reach USD 5.62 billion by 2025, according to a new report by Grand View Research, Inc. The growing use of permanent magnets in the production of batteries for electric vehicles is expected to propel the demand for rare earth elements including neodymium, praseodymium, dysprosium, gadolinium, and terbium over the forecast period. Neodymium and praseodymium based rare earth permanent magnets are majorly used in the manufacturing of batteries.

The growing demand for electric vehicles coupled with the government initiatives on reducing the CO₂ emissions is expected to boost the demand for permanent magnets. In March 2019, the Chinese government reduced subsidies for electric vehicles in order to promote innovation amongst local manufacturers on account of declining costs. The incentives for electric cars with less than 400 km range decreased from 50,000 yuan to 25,000 yuan, while the incentives for vehicles ranging less than 250 km have been eliminated.

According to USGS, China holds the largest amount of reserves with 44 million tons and Malaysia holds the least amount of reserves with 30 thousand tons. It also stated that the U.S. has USD 6.2 trillion worth of mineral reserves. However, the stringent regulatory policies towards mining in the U.S. has forced the companies to import the raw materials from China. Hence, the production of raw material has been a major challenge for the U.S companies.

The increasing prices of rare earth elements and high investments to open new mines have given rise to recycling of the product. Japan is one of the major producer of recycled rare earth elements. In 2010, Hitachi developed a new technology for recycling rare-earth magnets from air conditioners and hard disk drives. It can separate recycle magnets approximately eight times more efficiently than conventional methods. In 2012, The Honda Corporation opened the first rare earth recycling plant. The company utilized used automotive parts containing metals to produce rare earth elements.

The key players in the rare earth elements market are involved in acquisitions, expansions, and long term binding agreements with their customers. In Nov 2017, Hitachi Metals Ltd acquired Santoku Corporation, a Japanese manufacturer of alloys. This strategy was aimed at accelerating the production of neodymium magnet alloys in order to achieve sustainable growth in the global market.

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

Further key findings from the report suggest:

• Neodymium is anticipated to register a CAGR of 8.3%, in terms of volume, from 2019 to 2025 owing to growing demand for permanent magnets
• Catalyst application accounted for a revenue share of 18.7% in 2018 owing to increasing demand from automotive and petroleum refining industries.
• Middle East & Africa is expected to grow at a CAGR of 6.9%, in terms of volume, over the forecast period owing to rising investment in expansion of refinery capacities
• In 2016, Hitachi Metals Ltd entered into a joint venture with Zhong Ke San Huan Hi-Tech Co., Ltd. to manufacture Neodymium-Iron-Boron magnets
• The major players are adopting strategies like capacity expansion and agreements with the end-use industries to cater to growing demand for rare earth elements. For instance, in January 2018, Lynas Corporation signed an agreement with Bosch, an automotive component supplier. This agreement was aimed at ensuring continuous supply of rare earth materials to Bosch.

Grand View Research has segmented the global rare earth elements market report on the basis of product, application, and region:

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

• Cerium
• Dysprosium
• Erbium
• Europium
• Gadolinium
• Holmium
• Lanthanum
• Lutetium
• Neodymium
• Praseodymium
• Promethium
• Samarium
• Scandium
• Terbium
• Thulium
• Ytterbium
• Yttrium

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

• Magnets
• Catalysts
• Metallurgy
• Polishing
• Glass
• Phosphors
• Ceramics
• Other

Regional Outlook (Revenue, USD Million; Volume, Tons; 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.

Automotive Glass Market Top Players, Segments, Cost Structure, Demand, Sales by 2027

The global automotive glass market size is anticipated to reach USD 43.1 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 4.5% over the forecast period. Growing emphasis on electric vehicles and new norms such as BS VI in India which would bring Indian motor vehicle regulations into alignment with European Union regulations are anticipated to drive the automotive glass production across the forecast period.

Despite the decline in automotive production in 2018 and 2019, the market is expected to witness growth on account of the rise in production of commercial vehicles and increasing product demand from the aftermarket. The increasing number of vehicles on the road, along with growing accidents, drives the need for repair, maintenance, and replacement, which would subsequently drive the demand for glass.

Innovation and technological advancements are the key factors driving the market growth. Various technological advancements are being witnessed in the applications of automotive glass. For instance, new features were introduced in windshields and sunroofs for luxury cars in 2019. Growing demand for smart glass technology is likely to drive the product utilization in windshields over the forecast period.

Increasing demand for commercial transportation services such as buses and taxicabs are anticipated to boost the demand for light commercial vehicles (LCVs). In addition, rapid urbanization, improved road infrastructure, and supportive regulatory policies are expected to boost the demand for LCVs, thereby resulting in market growth.

Tempered dominated the product segment in 2019. Rapidly growing commercial vehicle production in Asia Pacific is expected to drive the demand for tempered glass over the forecast period. Moreover, about 30,000 people are killed by road accidents every year in America. This has led to an increased focus on the development of vehicles with high safety levels, thereby driving the market growth.

Growing urbanization, increased spending capacity of consumers, and the development of the automotive sector in countries including Brazil and Argentina are anticipated to positively affect the market over the coming years. In addition, increasing electric vehicle production owing to supportive government policies is expected to drive market growth.

Access Research Report of Automotive Glass Market @ https://www.grandviewresearch.com/industry-analysis/automotive-glass-market

Further key findings from the report suggest:

• The laminated segment accounted for a significant share of 36.2% in 2019 in terms of volume. This is attributed to advantages such as safety features and its ability to block harmful UV rays
• Sunroof is expected to register the highest CAGR over the forecast period as a result of growing penetration of sunroof systems in affordable cars
• The OEM segment accounted for a share of about 80.0% in 2019 owing to the growing demand for commercial vehicles and automotive glass market.
• Europe is expected to register a CAGR of 4.6% over the forecast period on account of new plants and increasing prices in the region. For instance, in July 2018, BMW announced its plans to invest USD 1.71 billion (€1.5 billion) in a new car factory in Hungary
• AGC Inc.; Saint-Gobain; Fuyao Glass Industry Group Co., Ltd.; NSG Group, Limited (NSG); and Corning Incorporated are some of the prominent manufacturers worldwide. These companies supply glass directly to vehicle manufacturers.

Grand View Research has segmented the global automotive glass market on the basis of product, application, end use, vehicle type, and region:

Automotive Glass Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

• Tempered
• Laminated
• Others

Automotive Glass Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

• Windscreen
• Backlite
• Sidelite
• Sunroof

Automotive Glass End-Use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

• Original Equipment Manufacturer (OEM)
• Aftermarket Replacement (ARG)

Automotive Glass Vehicle Type Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

• Passenger Car
• Light Commercial
• Heavy Commercial

Automotive Glass Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• 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.

Flat Glass Market Size Is Expected To Reach USD 202.9 Billion by 2027

The global flat glass market size is expected to reach USD 202.9 billion by 2027, growing at a revenue-based CAGR of 7.3%, according to a new report by Grand View Research, Inc. The market is expected to grow on account of increasing product demand from the global construction sector.

The architectural segment held the major share of the market in 2019 and this trend is anticipated to continue over the forecast period. The product is extensively used in the architecture industry in applications such as windows, partitions, and facades. The product is currently witnessing massive penetration in facades of commercial buildings owing to its aesthetic appeal.

The global demand for the product is largely driven by the growth of the construction industry, which also accounts for the largest consumption in terms of volume. However, since the past few years, rapid penetration of solar power in various parts of the world has played a major role in triggering industry growth.

Asia Pacific dominated the market in 2019, in volume terms with a share of 62.5%. The region accounts for the largest share in the global construction industry, with China being the leader. Besides China, India, Indonesia, and Malaysia are predicted to experience considerable growth in the construction industry, thereby fostering market growth in the region.

Besides Asia, Middle East and Africa is also predicted to witness considerable growth owing to an encouraging paradigm shift in their construction sector. Saudi Arabia and UAE are the key players leading the construction spending of the region. Recent trend indicates that Saudi Arabia and UAE governments are shifting their focus from the oil and gas industry to the development of more diversified economy with implementation of various construction projects related to tourism, infrastructure, residential, and commercial buildings. This is expected to provide a lucrative platform for market growth.

The major players in the market include AGC Inc.; Saint Gobain; Sisecam Group; and Guardian Industries. In emerging economies of Asia Pacific, the market is highly fragmented in nature, with major players operating in an organized sector at a global level, while large number of small to medium sized unorganized players are catering at a regional level. For instance, the organized sector accounts for 55% of India’s overall flat glass consumption while the remaining 45% is constituted by the unorganized sector.

Flat glass companies are now expanding their business in Middle East and Africa and Asia Pacific as these regions are relatively untapped and therefore represent significant growth opportunities. For instance, in March 2018, the joint venture between AGC Automotive Middle East and Africa and Induver Morocco initiated the construction of its new production plant to provide flat glass products for the region’s booming automotive industry.

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

Further key findings from the report suggest:

• Asia Pacific dominated the flat glass market in volume terms with a massive share of 62.5% in 2019 and is estimated to maintain its dominance over the coming years. Southeast Asia, India, and China are the major economies that are estimated to drive future growth in the region
• The architectural segment is expected to witness a CAGR of 7.7% from 2020 to 2027, in terms of revenue, on account of booming construction sector in Asia Pacific and Middle East
• The insulated segment dominated the market in revenue terms, with a share of 30.2 % in 2019. It is poised to witness considerable growth on account of rising demand for energy efficient low-e and solar control insulated flat glass for windows
• The tempered segment is expected to witness a CAGR of 7.2%, in terms of volume from 2020 to 2027 owing to increasing consumer preference for toughened flat glass
• In June 2018, AGC, Inc. and Ubiquitous Energy announced about their strategic development agreement to develop transparent and neutral solar coating for making electricity-producing windows. AGC, Inc. will provide environment-friendly flat glass solutions to the company.

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

Flat Glass Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Basic
• Tempered
• Laminated
• Insulated
• Others

Flat Glass Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Architectural
• Automotive & transportation
• Others

Flat Glass Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• 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.

Disposable Gloves Market Expected To Hit CAGR of 7.8% By 2025

The Report Disposable Gloves Market Size, Share & Trends Analysis Report By Material (Natural Rubber, Nitrile, Vinyl), By Product (Powdered, Powder Free), By End Use (Medical & Healthcare), And Segment Forecasts, 2018 - 2025

The global disposable gloves market size is expected to reach USD 14.93 billion by 2025 at a 7.8% CAGR during the forecast period, according to a new report by Grand View Research, Inc. The industry is anticipated to witness substantial growth over the forecast period owing to increasing demand in hospital and surgical applications.

Growing demand for the product in several industries including automotive, food and beverages, pharmaceuticals, chemical and petrochemical, oil and gas, mining, industrial R&D, academic R&D, and cleanrooms is expected to promote market growth over the forecast period. Stringent regulations regarding safety of workers will also benefit the market.

Rising importance of raw materials offering lightweight properties, comfort, higher heat resistance, and elasticity has been a major incentive for companies to conduct extensive R&D. These initiatives are primarily aimed at achieving multi-functionality of the product and widen its application scope by including innovative add-ons to existing designs.

Technological advancements and increasing concerns pertaining to employee health and safety are estimated to provide lucrative opportunities to market participants over the coming years. Product innovation and usage of sustainable raw materials for glove manufacturing are further estimated to positively impact the market over the next few years.

Access Research Report of Disposable Gloves Market @ www.grandviewresearch.com/industry-analysis/disposable-gloves-market

Further key findings from the report suggest:

• Natural rubber appeared as the largest raw material segment in 2017, accounting for 36.3% of the revenue. This is owing to superior properties and improved protection offered by the material in food processing and automotive industries
• By product, the powdered disposable gloves segment is expected to register a CAGR of 4.4% and is likely to witness sluggish growth over the forecast period owing to the ban implemented by FDA on powdered disposable gloves in January 2017
• Increasing use of disposable gloves in dental and veterinary fields for examination and surgeries is expected to drive demand for medical and healthcare applications. The segment accounted for a 70.1% of the revenue in 2017
• Asia Pacific is anticipated to exhibit a CAGR of 8.6% over the forecast period. Increasing product demand is attributable to growing utilization of disposable gloves in the hospitals and food and beverages sectors
• Major players have adopted sustainable solutions keeping in mind long-term benefits and procurement of high-quality raw materials. These materials are examined according to required standards for maintaining product quality.

Grand View Research has segmented the global disposable gloves market on the basis of material, product, end use, and region:

Disposable Gloves Material Outlook (Revenue, USD Million, 2014 - 2025)

• Natural Rubber
• Nitrile
• Vinyl
• Neoprene
• Polyethylene
• Others

Disposable Gloves Product Outlook (Revenue, USD Million, 2014 - 2025)

• Powdered
• Powder Free

Disposable Gloves End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Medical & Healthcare
  • Surgical
  • Examination
• Non-Medical

Disposable Gloves Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (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.

Industrial Protective Clothing Market Growth With Worldwide Industry Analysis To 2025

The global industrial protective clothing market size is expected to reach USD 22.57 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 13.7% during the forecast period. Increasing awareness pertaining to health and safety of workers across various industries, including chemical, construction, and manufacturing is likely to drive the growth.

Favorable regulatory scenario to minimize occupational hazards at the workplace is expected to be the key factor positively influencing the market growth. Furthermore, rapid industrialization and urbanization in developing economies, which demands higher workforce, is expected to fuel the demand for industrial protective clothing over the projected period.

Rising health concerns owing to exposure to harmful emissions and smoke coupled with increasing mishaps, particularly in oil and gas and mining industry are likely to support the product demand. Increasing number blue-collar workforce in construction and manufacturing industries is further projected to propel the demand for protective clothes over the forecast period.

The market players engage in continuous R&D to produce multi-functional protective clothing, with high durability to cater to the growing demand. Furthermore, the companies emphasize on manufacturing clothing which can comply with the guidelines given by the Occupational Safety and Health Administration (OSHA), in order to sustain in the market.

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

Further key findings from the report suggest:

• Demand for durable protective clothing is expected to reach USD 11.50 billion by 2025, on account of the re-usability and superior heat and chemical resistance properties of the product
• Chemical defending garments is expected to expand at a CAGR of 13.9% over the forecast period owing to rising concerns regarding workforce health safety against harmful and hazardous substances and radiations in chemical and nuclear industries
• Demand for disposable chemical defending garments is expected to witness significant growth on account of their rising demand in chemical laboratories and R&D centers
• North America accounted for 41.4% of the global market share in 2018, as the industries in the region need to comply with the stringent regulations and guidelines given by the authorities such as OSHA, NFPA, and ASTM
• Growing application industries such as construction, mining, chemical, and food in Asia Pacific is expected to drive the industrial protective clothing market over the forecast period
• In 2018, Germany accounted for the highest market share in Europe, on account of well-established manufacturing facilities for automotive, chemical, and power generation sector
• Technological advancements to introduce multilayers and coatings with attractive designs is likely to be the key factor defining success for the market players

Grand View Research has segmented the global industrial protective clothing market on the basis of product, application, and region:

Industrial Protective Clothing Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

• Durable
• Disposable

Industrial Protective Clothing Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

• Flame Retardant Apparel
• Chemical Defending Garments
  • Radiation Protection
  • Particulate Matter
• Clean Room Clothing
• Mechanical Protective Clothing
• Limited General-Use Clothing
• Others

Industrial Protective Clothing Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • Russia
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • South Korea
  • Japan
  • Singapore
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • 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.

Respiratory Protective Equipment Market Size Is Expected To Reach USD 9.96 Billion by 2025

The global respiratory protective equipment market size is expected to reach USD 9.96 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 7.0% during the forecast period. Rising occupational safety regulations for ensuring worker safety is expected to boost the product demand.

Increasing demand for multi-purpose RPE such as respirators with in-built gas detectors is expected to drive R&D in developing efficient and durable respirators for preventing the spreading of biological hazards. Rising proactive measures taken by several associations such as ANSI, ASTM, and ISO is anticipated to have a positive impact on the market growth.

Rising concerns regarding biological diseases coupled with exposure to toxic and radioactive air pollutants is anticipated to augment the product demand over the forecast period. In addition, an increasing number of illness cases in mining and chemical industries owing to the prolonged exposure to polluted air is likely to drive growth of the RPE market.

Surging demand for multi-utility RPE coupled with technological advancements is expected to offer ample opportunities for market expansion over the forecast period. Major players such as 3M and Honeywell International are focused on developing RPE at economies of scale to strengthen their market share.

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

Further key findings from the report suggest:

• Powered air-purifying respirator accounted for 48.0% of the APR revenue share in 2018 on account of its rising demand for employee protection against vapors and toxic gases in oil and gas, petrochemical, and mining industries
• Industrial application segment is expected to register a CAGR of 7.3% from 2019 to 2025 in terms of revenue owing to increasing automotive and metal fabrication industries in the emerging economies such as India, China, and Brazil
• Demand from oil and gas industry is expected to reach USD 1.75 billion by 2025 on account of the presence of a considerable number of respiratory hazards such as exposure to silica and hydrogen sulfide coupled with rising awareness regarding employee safety
• Product consumption in North America is anticipated to reach USD 3.88 billion by 2025 owing to the presence of stringent norms regarding occupational health and safety by regulatory bodies such as OSHA, CSA, and ANSI
• Major players in the Respiratory Protective Equipment (RPE) market focus on integration across the value chain, especially from component manufacturing to product distribution, which is expected to aid the companies obtain a competitive edge

Grand View Research has segmented the global Respiratory Protective Equipment (RPE) market on the basis of product, application, and region:

Respiratory Protective Equipment (RPE) Product Outlook (Revenue, USD Million, 2014 - 2025)

• Air Purifier Respirator
  • Unpowered Respirators
    • Disposable Filtered Mask
    • Half Mask
    • Full Face Mask
  • Powered Respirators
    • Half Mask
    • Full Face Mask
    • Helmets, Hoods & Visors
  • Escape Respirators
• Supplied Air Respirator

Respiratory Protective Equipment (RPE) End Use Outlook (Revenue, USD Million, 2014 - 2025)

• Oil & Gas
• Fire Services
• Petrochemical/Chemical
• Industrial
• Pharmaceutical
• Construction
• Healthcare
• Mining
• Others

Respiratory Protective Equipment (RPE) Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • UK.
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Australia
  • Thailand
  • Malaysia
• Central & South America
  • Brazil
  • Argentina
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates
  • South 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.

Personal Protective Equipment Market Size Worth $84.7 Billion By 2027

The global personal protective equipment market size is expected to reach USD 84.7 billion by 2027, according to a new report by Grand View Research, Inc., registering a 6.6% CAGR over the forecast period. Increasing need for respiratory equipment in mining, emergency response, military and law enforcement, healthcare, and fire services, coupled with rising instances of injuries at the workplace, is anticipated to propel the market over the coming years.

Occupational safety regulations play a major role in driving the market for personal protective equipment. Mandated policies for companies to maintain worker safety in industries is anticipated to drive demand for PPE. These regulations mention the type of personal protective equipment required for protection during different industrial or commercial processes.

Increasing blue-collar workforce in line with growing number of construction and manufacturing projects is expected to inevitably raise the risk of occupational hazards. This has compelled companies to increase the level of awareness pertaining to health hazards and adhere to occupational health and safety regulations. This is projected to spur the demand for personal protective equipment over the forecast period.

Governments of various countries such as India and China have mandated the use of protective footwear in order to ensure the safety of employees. Rising demand for protective footwear in various end-use industries like construction, mining, oil and gas, food, and pharmaceuticals is anticipated to have a positive impact on PPE market demand through 2027.

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

Further key findings from the report suggest:

• The fall protection equipment segment is expected to register a CAGR of 7.0% from 2020 to 2027 on account of rising number of accidents caused in manufacturing and construction industries
• Protective clothing accounted for 22.1% of the global revenue in 2019 owing to shifting customer preference toward efficient and comfortable clothing in core industries such as oil and gas, construction, and mining
• Respiratory protection equipment includes air-purifying and supplied air respirators and the segment accounted for 13.5% of the revenue in 2019. This is attributed to rising demand for unpowered respirators particularly in mining, petrochemical, and oil and gas sectors
• PPE in the construction industry accounted for 16.7% of the global revenue in 2019 owing to growing construction activities and infrastructural developments in Asia Pacific and Central and South America
• North America accounted for 29.3% of the global PPE market in 2019 owing to stringent regulatory scenario, growing employee awareness regarding personal safety, and increasing number of large-scale infrastructure investment projects in U.S.
• Key players in personal protective equipment market are partnering with other companies in order to gain a competitive advantage in terms of manufacturing active insulation solutions. It also enables them to use advanced technologies in the field.

Grand View Research has segmented the global personal protective equipment market on the basis of product, end use, and region:

Personal Protective Equipment (PPE) Product Outlook (Revenue, USD Million, 2016 - 2027)

• Head, Eye & Face Protection
• Hearing Protection
• Protective Clothing
  • Heat & flame protection
  • Chemical defending
  • Clean room clothing
  • Mechanical protective clothing
  • Limited general use
  • Others
• Respiratory Protection
  • Air-purifying respirator
  • Supplied air respirators
• Protective Footwear
  • Leather
  • Rubber
  • PVC
  • Polyurethane
  • Others
• Fall Protection
• Hand Protection
  • Disposable gloves
    • By type
      • General purpose
      • Chemical handling
      • Sterile gloves
      • Surgical
      • Others
    • By material
      • Natural rubber
      • Nitrile gloves
      • Neoprene
      • Vinyl gloves
      • Others
    • Durable gloves
      • Mechanical gloves
      • Chemical handling
      • Thermal/flame retardant
      • Others
    • Others

Personal Protective Equipment (PPE) End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Construction
• Manufacturing
• Oil & Gas
• Chemicals
• Food
• Pharmaceuticals
• Transportation
• Mining
• Others

Personal Protective Equipment (PPE) Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Thailand
  • Malaysia
• Central & South America
  • Brazil
  • Argentina
• Middle East
  • Saudi Arabia
  • United Arab Emirates
• Africa
  • South 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.

Aerospace Parts Manufacturing Market Size Is Expected To Reach USD 1.25 Trillion by 2027

The global aerospace parts manufacturing market size is expected to reach USD 1.25 trillion by 2027, exhibiting a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing passenger and freight traffic in emerging economies is driving the demand for next-generation aircraft, which in turn is expected to boost the market growth.

A majority of the aircraft manufacturing companies are integrated across the value chain and are highly active in the parts manufacturing process. These companies have in-house production facilities as well as supplier contracts for the procurement of these parts. The manufacturers are also involved in raw material procurement and designing and quality control of the parts offered by third party suppliers.

The market for aerospace part manufacturing is primarily concentrated in North America and Europe, owing to the presence of major aircraft manufacturers. China and India are expected to emerge as the leading markets in the forthcoming years, owing to the rapid growth of aircraft part manufacturing and export activities. The global trade in components and sub-assemblies has increased by approximately 25% during the past decade. However, the sector still remains consolidated with the top 3 countries including U.S., Germany, and France, accounting for over 60% of the total aircraft manufacturing.

The market has observed a trend of a collaboration of the major companies entering into a joint venture. This helps the companies to sustain in the highly competitive market in terms of geographical expansion, technological advancements, and lowering the risk of failure. This also aids the companies to easily access the market for gaining long term contracts.

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

Further key findings from the report suggest:

• In 2019, aerostructure dominated the product segment, with 52.2% of revenue share on account of strong replacement rate of aluminum with high-cost composites in fuselage and airframe structures
• Commercial aircraft segment is estimated to expand at the fastest CAGR of 4.6% over the forecast period, as significant changes are being incorporated in the aircraft structure to reduce the carbon emissions by replacing existing parts with lightweight materials
• The market in Asia Pacific was valued at USD 149.6 billion in 2019 and is expected to expand at the highest CAGR owing to the rapid growth of aviation industry, augmenting the growth of MRO services thereby impacting aerospace parts manufacturing industry on a positive note
• The aerospace parts manufacturing market has stringent manufacturing norms, safety regulations, and certifications, which restricts the entry of new entrants
• Emerging players in Asia offering low-cost innovative solutions to the end-users are expected to challenge the established players in North America and Europe, leading to competition disruption in the market

Grand View Research has segmented the global aerospace parts manufacturing market on the basis of product, end use, and region:

Aerospace Parts Manufacturing Product Outlook (Revenue, USD Billion, 2016 - 2027)

• Engines
• Aircraft Manufacturing
• Cabin Interiors
• Equipment, System, and Support
• Avionics
• Insulation Components

Aerospace Parts Manufacturing Aircraft Outlook (Revenue, USD Billion, 2016 - 2027)

• Commercial Aircraft
• Business Aircraft
• Military Aircraft
• Others

Aerospace Parts Manufacturing Regional Outlook (Revenue, USD Billion, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Netherlands
• Asia Pacific
  • Indonesia
  • Malaysia
  • Philippines
  • China
  • Japan
  • Australia
• Central & South America
  • Brazil
• 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.

Electric Blankets Market Size Is Predicted To Reach A Valuation Of $1.2 Billion By 2025

The global electric blankets market size is expected to reach USD 1.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.1% CAGR during the forecast period. Growing incorporation of technological advancements in consumer convenience products and devices is driving the market. Consumers living in countries with long, harsh winters and those suffering from various pain-related ailments are key end users of electric blankets.

Electric blankets are comparatively less expensive than heaters and are of great use in countries with long and harsh winters. Companies have been focusing on developing well insulated sheets lined with thick fleece to provide ample natural insulation and warmth. They are also introducing products that can be washed and are portable. For instance, Medisana HDW designed a blanket that is machine washable and is made out of microfiber fleece. 

Asia Pacific emerged as the largest market in 2018 and is estimated to account for close to 32.0% of the global market by 2025. The market dominance can be attributed to increasing use and widespread availability of electric blankets in China. China’s purchase quantities amount to roughly 30 million units each year, as they are very easily available, are increasingly affordable, and are also sold in department stores as well as at garage sales.

By end user, household accounted for the largest share of more than 45.0% in 2018. Increasing disposable income of consumers, coupled with surge in home ownership in several developing countries, has supported the growth of the segment. Improving lifestyles of people, especially in China, and introduction of technology-based convenient consumer products are expected to drive the use of electric blankets over the next few years. Affordability, comfort, and benefits have driven product demand across various consumer age groups, especially among those suffering from ailments such as arthritis, muscle pains, sinus problems, fibromyalgia, and painful menstruation.

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

Further key findings from the report suggest:

• The global electric blankets market is expected to reach a value of USD 1.2 billion by 2025, exhibiting a CAGR of 7.1% from 2019 to 2025
• APAC emerged as the largest market in 2018 and is estimated to account for close to 32.0% of the global market by 2025, driven majorly by high demand in China
• Some of the major players operating in the global market are Jarden Corporation, Shanghai Shenda Co. Ltd., Morphy Richards Ltd., Snugnights UK LLP, Beurer GmbH, Caiyang, Slumberdown, Shijiazhuang Mengjie Industry Co. Ltd., and Silentnight Group Ltd.

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.

Heated Tobacco Products Market To Make Great Impact In Near Future by 2025

The global heated tobacco products market size is expected to reach USD 77.61 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 52.56% during the forecast period. The growth is driven by rising consumer demand for reduced-risk tobacco products as they are claimed to be less harmful to health. Moreover, rise in marketing campaigns coupled with easy product approvals by the U.S. Food and Drug Administration (FDA) and the equivalent governing bodies from Europe and Asia is anticipated to fuel the product demand.

The market is driven by high growth of tobacco sector in Asia and North America. Rise in middle class population coupled with increasing disposable income is projected to drive the demand for Heated Tobacco Products (HTPs). Rising awareness regarding healthy lifestyle and availability of healthier alternatives is anticipated to drive the market growth. Moreover, growing purchasing power of consumers is anticipated to drive the adoption of both stick and leaf products over the forecast period.

Leading manufacturers operating in U.S., Italy, Germany, Croatia, and South Africa among others countries engage in product launches with increasing focus on specialty and premium HTPs. Advertising campaigns, rising number of tobacco shops, and marketing strategies by the FDA itself are anticipated to create growth opportunities for the heated tobacco products market.

North America is anticipated to rise due to rising consumer awareness along with growing product launches from the leading manufacturers. For instance, in April 2019, Philips Morris International entered into the U.S. market with its iQOS heated tobacco products. Asia Pacific, on the other hand, is anticipated to witness significant rise in product demand on account of the ban on E-cigarettes in the key countries. Rising investments from leading players are anticipated to create growth opportunities in the regional market during the forecast period.

Manufacturers engage in product launches and expanding their manufacturing capacity gain greater market share. Key players including Philips Morris International, Japan Tobacco International, and British American Tobacco engage in business strategies, such as acquisitions, mergers, online sales, and capacity expansion.

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

Further key findings from the report suggest:

• The stick product segment is projected to ascend at a CAGR of around 51.0% over the forecast period
• Offline segment held the leading market share of over 91.0% in 2018
• Asia Pacific held the leading heated tobacco products (HTPs) market share of around 73.0% and is anticipated to continue its dominance over the forecast period
• The heated tobacco products market is highly competitive in nature with the presence of major players including Philips Morris International, Japan Tobacco International, and British American Tobacco.
• Manufacturers focus on new product launches, capacity expansion, and product innovation to estimate existing and future demand patterns from the upcoming product segments

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.

Handbag Market to Grow at CAGR of 5.4% through 2025

The global handbag market size is expected to reach USD 67.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.4% over the forecast period. Growing brand awareness of luxury bags as a fashion symbol among adults in the developing countries including India, China, and Brazil is expected to remain a key trend in the market. Furthermore, rising female workforce on a global level is expected to promote the usage of handbags over the next few years.

By product, tote bag dominated the market in 2018. Consumers prefer these bags due to their large space. Necessary items such as mobile phone, wallet, laptop, sunglasses, documents, and makeup of the consumers can be fitted in these types of bags. As a result, these products have gained significant popularity among the working class women. Manufacturers have been expanding the product line of tote bags with new designs and better quality. In 2015, Furla, an Italian luxury company, launched Twist Tote bag under its Spring Summer collection. These tote bags are available in a wide range of colors including ocean onyx, petalo onyx, and emerald onyx.

Leather bags dominated the market in 2018 and accounted for 48.5% share of the global revenue. Better quality and durability of the leather are driving the demand for the product across the world. Moreover, rising per capita income in the developing countries is fueling the demand for luxury goods, including leather bags.

Asia Pacific is expected to witness the fastest growth from 2019 to 2025. Availability of affordable brands, along with rising per capita income of consumers, is driving the market for the product in this region. In 2018, Coach, one of the leading brands of this industry, launched platinum ‘Parker’ Diwali handbag in India for the Indian festive season. These bags are made of leather and available in two different sizes.

Key competitors in this industry include Tapestry, Inc.; LVMH Moët Hennessy - Louis Vuitton SE; Michael Kors; Gucci; Fossil Group, Inc.; Ted Baker plc; Hermès International S.A.; Prada S.p.A.; Chanel S.A.; Burberry Group PLC; and Compagnie Financière Richemont SA. Industry participants are emphasizing on the establishment of new online distribution channels as customers are increasing their spending on utilizing e-commerce portals as a selling window.

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

Further key findings from the study suggest:

• North America held the largest share of more than 30.0% in 2018
• The online distribution channel is expected register the fastest CAGR of 7.4% from 2019 to 2025
• The tote bag product segment held the largest share of 41.7% in terms of revenue
• By raw material, leather dominated the market in 2018 and accounted for 48.5% share of the overall revenue.

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.

Facial Care Market Size Is Expected To Reach USD 132.7 Billion by 2025

The global facial care market size is expected to reach USD 132.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.0% over the forecast period. Increasing use of face cosmetic products to improve skin conditions and growing facial consciousness are expected to have a positive impact on the industry growth over the forecast period. Over the past few years, introduction of new products including BB creams, moisturizers, anti-aging creams, skin toners, cleansing wipes, and masks and serums by key personal care companies including L’Oréal and Procter and Gamble have remained prominent trends in the market.

Asia Pacific accounted for the largest share of the overall market owing to convenient supply of raw materials, economic growth, and new product launches in emerging economies, including China and India. The market in Asia Pacific is anticipated to gain momentum due to high demand from developing countries like India and China, which together accounted for more than 70.0% share of the overall revenue in 2018.

The facial care market is highly competitive in terms of launching new product variants and pricing. Major manufacturers in the market are investing in R&D to introduce new products and meet the growing consumer demand for enhancing skin appearance. This is, in turn, likely to propel growth of the market in the near future.

Skin-whitening and anti-ageing are the latest trends in the market, which has enabled the manufacturers to customize the products accordingly to meet desired specifications given by users. Facial creams has been the largest application segment for this product, wherein the primary purpose behind their use is to moisturize, hydrate, and improve fairness of the skin in order to get younger-looking skin. 

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

Further key findings from the study suggest:

• Europe is expected to expand at a CAGR of 5.3% over the forecast period owing to increasing preference of consumers to maintain healthy and glowing skin in key countries including Germany and U.K.
• Facial creams accounted for 25.9% share of the overall revenue in 2018 as a result of increased demand to treat tired or ageing skin, add glow, and improve skin conditions
• The U.S. facial care market is projected to reach USD 25.0 billion by 2025, wherein the major share is held by companies such as Procter and Gamble, Estee Lauder Company, and P&G Co.
• Facial creams in U.K. generated a revenue of USD 2.4 billion in 2018.

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.

Lip Powder Market is Anticipated to Register 6.3% CAGR through 2025

The global lip powder market size is expected to reach USD 525.9 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.3% over the forecast period. Growing demand for matte finish lightweight lip color is fueling the demand for the product. Over the past few years, consumers of the makeup industry has been experimenting with new makeup products. Therefore, the lip powder products have gained significant popularity in the makeup industry. Furthermore, rapidly growing social media has been influencing the consumers to try new products.

The palette product segment dominated the market in 2018. Palettes include a balm in the lip kit, along with a powder color. Consumers prefer this kit as the balm keeps the skin hydrate. However, pens are easy to apply and more handy than the palette. Therefore, pens are expected to witness the fastest growth in the near future.

In terms of distribution channel, the online segment is expected to witness significant growth in the projected period. Rapid penetration of internet users has increased the online sales of the product. Moreover, increasing number of online retailers across the globe has made the product easily available to the consumers. As a result, consumer preference is shifting towards online shopping from the traditional brick and mortar shopping.

As of 2018, Asia Pacific held the largest market share. Rising concerns over physical appearance among working women have fueled the market growth in this region. In addition, increasing spending on personal grooming products in the developing countries including China, South Korea, Indonesia, Philippines, India, Taiwan, and Malaysia is boosting the demand for the product.

Key competitors of this industry include L'Oréal S.A.; The Estée Lauder Companies Inc.; Shiseido Company; Revlon, Inc.; BY TERRY; Stellar Beauty; Urban Decay; CLE COSMETICS; CHANEL International B.V.; and Sephora USA, Inc.

Over the past few years, leading manufacturers of the cosmetics industry are entering the market to meet the growing demand for the product. For instance, in 2018, CHANEL International B.V. launched Poudre à Lèvres Lip Balm and Powder Duo. It contains both balm and powder in the palette format, which is available in three different shades. 

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

Further key findings from the study suggest:

• Asia Pacific held the largest lip powder market share of 30.7% in 2018
• North America is expected to expand at the fastest CAGR of 8.5% from 2019 to 2025
• The palette product segment dominated the market in 2018 and accounted for 54.4% share of the overall revenue
• The offline distribution channel segment accounted for the largest market share of 90.2% in 2018.

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.