Printed Tapes Market Size Worth $39.79 Billion By 2025

The global printed tapes market size is expected to reach USD 39.79 billion by 2025, at a registering a CAGR of 5.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing utilization of the tapes for branding and marketing purposes is expected to bolster growth over the forecast period.

The demand for printed tapes is expected to witness significant growth on account of the growing demand in food & beverage and for branding and promoting new products and for increasing consumer awareness. In addition, the growing use of printed tapes in road marking & hazard safety application is expected to have a positive impact on the market.

The growing use of various taping materials including polypropylene and polyvinyl chloride (PVC) coupled with availability of different types of adhesives to suit specific application needs is expected to have a positive impact on the industry over the next eight years. In addition, increasing used of different types of printing inks is expected to aid the printed tapes market growth.

The use these tapes for packaging application aids in classifying the products during transit. Furthermore, the use of various printing technologies has assisted in multicolor printing on the tapes, which in turn has bolstered the use of the product in transportation and logistics and hazard safety applications.

Access Research Report of Printed Tape Market@ www.grandviewresearch.com/industry-analysis/steel-market

Further key findings from the report suggest:

• Polypropylene accounted for the largest revenue share in 2016 with 45% of the overall revenue share. High strength, clarity, moisture, chemical & heat resistance offered by the material is expected to augment the use of the polymer for printing over the next eight years.
• Digital printing is expected to be fastest growing technology with a CAGR of around 7.0%. Cost effective solutions coupled with improved printing quality offered by the technology is expected to drive the digital printing technology market.
• UV curable ink is expected to witness substantial growth over the next eight years. Ease in printing coupled with rapid curing nature of the inks is expected to be the key aspect for increasing adoption of UV inks for printing applications over the forecast period.
• Hot melt carton sealing tapes accounted for the largest revenue share in 2016 with 47% of the overall revenue share. Increasing use in industrial as well as packaging applications is expected to have a positive impact on the demand for hot melt carton sealing tapes.
• Food & beverage technology accounted for the 43% of the revenue share in 2016 and is expected to continue its domination over the next eight years. The growing use printed tapes in branding and promotional activities in the industry is expected to drive demand.
• Asia Pacific accounted for 45% of the revenue share in 2016. High growth opportunities in China and India coupled with increasing import-export activities in the region is expected to drive the demand over the projected period.
• 3M, Le Mark Group, Kilby Packaging and Bron tapes are expected to be the major players in the industry. Different printing technologies coupled with technical services provided by the printers are the two major strategies adopted by the key players in the market.

Grand View Research has segmented the global printed tapes market on the basis of raw material, technology, ink, product, application and region:

Printed Tapes Raw Material Outlook (Volume, Million Sq. Meters; Revenue, USD Billion, 2014 - 2025)

• Polypropylene
• Polyvinyl Chloride
• Others

Printed Tapes Technology Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)

• Flexography
• Lithography
• Digital printing
• Screen printing
• Gravure
• Others

Printed Tapes Printing Ink Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)

• Water-based
• Solvent-based
• UV curable

Printed Tapes Product Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)

• Acrylic carton sealing tape
• Hot melt carton sealing tape
• Natural rubber carton sealing tape

Printed Tapes Application Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)

• Food & beverage
• Consumer durables
• Transportation & logistics
• Others

Printed Tapes Regional Outlook (Volume, Million Sq. Meters; Revenue, USD Million, 2014 - 2025)

• North America
  • uS.
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
  • Japan
• 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.

Steel Market to Expand at a CAGR of 2.6% Through 2025| Top Industry Players Al Nasser Industrial Enterprises LLC

The global steel market size is expected to reach USD 1.01 trillion by 2025, at a registering a CAGR of 2.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing inclination of contractors towards sustainable, low cost and durable building materials is driving steel demand in upcoming residential projects & industrial infrastructure.

Technological advancements have made pre-engineered metal buildings with high structural integrity a reality, where steel plays an essential function in lending stability, aesthetic appeal and design flexibility. Stringent regulations promoting green & energy-efficient buildings is also contributing to steel demand, especially in industrial structures.

The Asia Pacific market is relatively subdued, but displays high growth owing to exponential growth in the Indian market as of 2017 on account of protectionist measures & rising demand. About 1/3rd of Chinese exports are shipped to countries in Southeast Asia owing to anti-dumping policies by western countries, which has contributed to economic growth and infrastructure development in these countries.

Hot rolled products dominated the steel market with over 75% of the volume share in 2016. These products are widely utilized in automobile structures such as frames, wheel and other parts as well as welding and construction trades among others.

Access Research Report of Steel Market@ www.grandviewresearch.com/industry-analysis/steel-market

Further key findings from the report suggest:

• The global steel demand exceeded 1.71 million tons in 2016 and is expected to grow at a CAGR of 2.1% from 2017 to 2025
• Steel tubes are anticipated to grow at above 3% CAGR in terms of volume, owing to high demand for underground pipelines in fuel & water transportation
• Cold rolled products are expected to grow at 3.1% CAGR in terms of revenue, owing to their excellent inherent as well as physical properties including high concentricity and tensile strength, straightness and better aesthetic appeal
• Pre-engineered metal building (PMB) structures are increasingly replacing other conventional structures since they are over 30% lighter, providing simpler and lightweight designs
• Steel roofs & walls are expected to grow at a CAGR of 2.7% in terms of revenue; they generally aid in minimizing energy loss, heat gain whilst maximizing thermal comfort and fire safety properties in PMBs
• North America & Europe are expected to remain dominant yet mature steel-consuming regions, owing to market saturation and low construction spending as compared to emerging economies; however, rising housing starts in the U.S. may offer lucrative opportunities for innovative producers & distributors
• Major industry participants include Emirates Steel, Hamriyah Steel FZC, Al Nasser Industrial Enterprises LLC, United Iron & Steel Co., Al Ghurair Iron & Steel Co., Al Rajhi Steel, Absal Steel, ArcelorMittal, Hadeed (SABIC), and Solb Steel Company among others

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

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

• Hot Rolled Steel
• Cold Rolled Steel
• Direct Rolled Steel
• Tubes
• Other Profiles

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

• Pre-Engineered Metal Buildings
  • Primary Members
  • Secondary Members
  • Roofs & Walls
  • Panels
• Bridges
• Industrial Structures

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

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • UK
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Mexico
  • Brazil
• Middle East & Africa
  • Bahrain
  • Egypt
  • Iran
  • Iraq
  • Jordan
  • Kuwait
  • Libya
  • Oman
  • Qatar
  • Saudi Arabia
  • Sudan
  • Syria
  • Turkey
  • United Arab Emirates

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.

Thermochromic Materials Market Size Worth $7.31 Billion By 2025

The global thermochromic materials market is expected to reach USD 7.31 Billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for reversible thermochromic materials in application industries is expected to drive demand over the forecast period.

Growing demand for thermochromic materials in food quality indicators to determine the quality of frozen meat and dairy products coupled with increasing use of thermochromic pigments in inks, paints, and coatings is expected to drive market growth over the forecast period.

Color diversity, cost effectiveness, and manufacturing process flexibility are some of the major advantages of thermochromic materials. As a result, the demand for thermochromic pigments in novelty products is increasing significantly. In addition, the use of reversible temperature-sensitive materials in baby products and sensors is expected to aid growth over the next eight years.

Complex chemical formulation coupled with the difficulty in maintaining the formulation stability of reversible thermochromic materials is expected to hamper the demand for the materials over the forecast period. However, constant research & development projects undertaken by the manufacturers is expected aid in the development of stable reversible materials, which in turn is likely to attract demand from the application industries.

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

Further key findings from the report suggest:

• Reversible thermochromic materials are expected to grow at CAGR of 5.0% over the forecast period on account of growing demand in baby diapers, sensors and chemical containers owing to its reversible characteristic
• Irreversible materials dominated the market with over 60% of the overall revenue share due to increasing demand for the product in novelty products and textile industry over the forecast period
• Thermochromic pigments accounted or the largest volume share in 2016 and is expected to continue its dominance over the forecast period owing to the increasing use of the pigments in the manufacturing of paints and inks
• Asia Pacific is expected to be the fastest growing region over the forecast period on account of the increasing demand for reversible as well as irreversible products in textile & novelty product manufacturing, and printing industry
• The industry is fragmented with manufacturers catering to their local markets, creating a monopoly. In addition, on account of the emerging industry and slow growth, the existing manufacturers prevent new players from entering the market.

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

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

• Reversible
• Irreversible

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

• Food quality indicators
• Papers
• Pigments
• Thermometers
• Others

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

• North America
  • US.
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
  • Japan
• 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.

Automotive Plastic Fastener Market Size Worth $3.67 Billion By 2021

The global automotive plastic fasteners market is expected to reach USD 3.67 billion by 2021, according to a new report by Grand View Research, Inc. Increasing substitution of metal fasteners in automotive interiors owing to improved aesthetics and lightweight characteristics is expected to propel demand.

The plastic fasteners production is highly influenced by high production volumes of automotive vehicles across major economies of the world. The market is highly fragmented and competitive owing to various small-scale manufacturers concentrated in countries including Thailand, China, and Germany.

The industry rivalry is expected to be high owing to manufacturers of low switching cost of manufacturers from metal to plastic products. However, factors including low tensile strength of the fasteners in high stress applications is expected to impact the product demand.

Illinois Tool Works Incorporated (ITW), ARaymond and Alcoa, Inc. are the major manufacturers dominating the market. Profit margins of companies vary in the range of 15 to 20% owing to reduced manufacturing costs. The uncertainty in automotive production statistics coupled with raw materials price volatility are expected to be major barriers for new entrants in the market.

Further key findings from the report suggest:

• The product demand in automotive interior application is expected to grow at a CAGR of 11.8% from 2017 to 2021, owing to their light weight, wide variety, and compatibility with the internal ambience of the vehicle. In addition, increasing product demand on account of their ability to resist water and dust ingress in car interiors, is expected to propel growth
• The average price and weight of a plastic fastener is significantly lower than a metal fastener, which lowers the vehicle cost and improves the overall automobile efficiency. As a result, the product demand in passenger cars is expected to reach the revenue of USD 1.96 billion by 2021
• The demand for plastic fasteners in Europe was valued at USD 461.5 billion in 2016 and is expected to grow at a CAGR of 7.7% from 2017 to 2021. The presence of a large number of automotive companies, including General Motors Company, Ford, Fiat, Toyota Motor Corporation, and AM General in the region is expected propel growth
• Japan & South Korea have been a major market for the product accounting about 25% of the overall fasteners demand in Asia Pacific. However, both these regions witnessed a decline over the next two consecutive years in terms of production, which impacted the industry growth
• The key fastener manufacturers across the globe include Illinois Tool Works Incorporated (ITW), ARaymond, Sundram Fasteners Limited, Precision Castparts Corporation and Alcoa, Inc.

Access Research Report of Automotive Plastic Fastener Market@ https://www.grandviewresearch.com/industry-analysis/automotive-plastic-fasteners-market

Grand View Research has segmented the global automotive plastic fasteners market on the basis of application, function, vehicle type and region:

Automotive Plastic Fastener Application Outlook (Volume, Billion Units; Revenue, USD Million, 2011 - 2021)

• Interior
• Exterior
• Electronics
• Wire harnessing
• Chassis
• Powertrain
• Others

Automotive Plastic Fastener Function Outlook (Volume, Billion Units; Revenue, USD Million, 2011 - 2021)

• Bonding
• NVH

Automotive Plastic Fastener Vehicle Type Outlook (Volume, Billion Units; Revenue, USD Million, 2011 - 2021)

• Passenger cars
• Light commercial vehicles

Automotive Plastic Fastener Regional Outlook (Volume, Billion Units; Revenue, USD Million, 2011 - 2021)

• North America
  • US.
• Europe
• Asia Pacific
  • China
  • India
  • Japan & Korea
• 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.

Polyimide Films Market is Projected To Grow At A Growth Rate of 8.6% from 2017 to 2025|Top Industry Leaders Saint-Gobain

The global polyimide films market is anticipated to reach USD 3.12 billion by 2025, according to a new report by Grand View Research, Inc. Revolutionary advancements in the aerospace and automobile industry with regards to high-end quality products is expected to drive the growth of this market.

The flexible printed circuit (FPC) emerged as the largest and fastest-growing application in the global polyimide films market. They are used in the manufacturing of flexible printed circuit board in ink-jet cartridges, printers & scanners, mobile phones, pagers, camcorders, and military & avionics systems.

Polyimide film has many applications in electronics, automotive, aerospace, and labeling & labels industry. Many new product launches have enabled consumers to pick their choice of product from a wide range of options. The widening of product distribution channels has made these products readily available to the consumer.

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

Further key findings from the report suggest:

• The global polyimide films market was estimated at USD 1,492.3 million in 2016 and is projected to grow at a growth rate of 8.6% from 2017 to 2025
• The flexible circuit board sector occupied the largest market share in 2016 on account of its widespread use in ink-jet cartridges, printers & scanners, mobile phones, pagers, camcorders, and military & avionics systems
• FCB has many automotive applications ranging from dashboard to engine management, and ABS control systems
• Wire & cables are used in various application where high tensile strength, solvent resistance, flammability and electrical resistivity is required
• Electronics end-use segment is growing with the fastest growth rate owing to strong demand for consumer electronics and increase in electrical components in automobile
• The aerospace segment accounted for 26.1% of the global revenue and is projected to witness the second highest CAGR over the forecast period
• Growing disposable income and investment in innovative devices is anticipated to boost the demand in the electronics segment
• Increasing investment from government & private institutions in the automotive and aerospace & defense industry is projected to contribute to the demand over the coming years
• Key players include E. I. Du Pont De Nemours and Company, Saint-Gobain, Von Roll Holding AG, Kaneka Corporation and Arakawa Chemicals Industries
• Research & development activities, new product launches, acquisition and mergers and technological collaborations are some of the strategic initiatives taken up by leading companies

Grand View Research has segmented the global polyimide film market on the basis of application, end-use, and region:

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

• Flexible printed circuit
• Wire & cable
• Pressure sensitive tape
• Specialty fabricated product
• Motor/Generator

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

• Electronics
• Aerospace
• Automotive
• Labeling
• Others

Regional Outlook (Volume, 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.

Metamaterial Market is Estimated to Grow at 17.8% CAGR by 2025| Key Industry Participants Harris Corporation. Ltd

The Report Metamaterial Market Analysis, By Product (Electromagnetic, Terahertz, Photonic, Tunable, Frequency Selective Surface, Non-linear), By Application, End-use, And Segment Forecasts, 2018 – 2025

The global metamaterials market is expected to reach USD 1.35 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 17.8% over the forecast period, owing to Increasing demand from various end-use industries, including consumer electronics and medical, is driving the growth of the market. In addition, growing application scope in the aerospace & defense industry is expected to further fuel the demand growth during the forecast period.

Metamaterials are composite materials specially engineered to have properties that are not found in nature and thus is used in formulation processes across various end-use industries. The key end-use industries, include aerospace & defense, medical, automotive, consumer electronics, and energy & power.

In terms of revenue, the aerospace & defense accounted for the largest share of the industry revenues in 2016 and is anticipated to continue its dominance over the forecast period, projected to grow at a CAGR of 15.2%. The increasing need for advanced telecommunications and safety devices in the aerospace and automotive industries is expected to drive the industry growth.

Different types of metamaterials are used in the different application segments depending upon the requirement of the end use verticals. Metamaterials are also being used in the medical and energy & power industries, owing to its superior properties such as the ability to manipulate electromagnetic waves and provide better imaging in medical equipment.

The demand for metamaterials is expected to be primarily driven by the growth of the end-use verticals in the Asia Pacific region. The growth of the consumer electronics and aerospace & defense industries in the region is likely to have positive impacts on the overall industry growth during the forecast period.

Access Research Report of Metamaterial Market@ www.grandviewresearch.com/industry-analysis/metamaterials-market

Further key findings from the report suggest:

• The consumer electronics segment is expected to be the highest growing segment in terms of revenue, projected to grow at a CAGR of 21% from 2017 to 2025, mainly on account of the product’s widening application scope in electronics goods for performance enhancement, in place of semi-conductors.
• The aerospace & defense segment emerged as the largest end-use segment in terms of revenue in 2016, and is estimated to continue this dominance till 2025. This can be attributed to the rapid growth of this end-use vertical in key economies such as the U.S., Germany, the UK, China, India, and Russia.
• The antenna segment accounted for the largest market share of the overall industry in 2016 and is anticipated to experience steady growth over the forecast period, primarily owing to the increasing demand for advanced antennas in aerospace, defense, and telecommunications applications.
• The industry in Asia Pacific is projected to witness grow at a CAGR of 22% during the forecast period, mainly owing to robust growth of key end-use industries in the region, most notably the consumer electronics industry.
• Key players of the industry, including Metamaterial Technologies Inc., Echodyne, Kymeta Corporation, and Harris Corporation. Ltd., are mainly focused on mergers & acquisitions and new product developments for gaining access to higher market shares in the overall industry.

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

Metamaterials Product Outlook (Revenue, USD Million, 2014 - 2025)

• Electromagnetic
• Terahertz
• Photonic
• Tunable
• Frequency Selective Surface
• Non-linear

Metamaterials Application Outlook (Revenue, USD Million, 2014 - 2025)

• Antenna
• Absorber
• Superlens
• Cloaking devices
• Others

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

• Aerospace & defense
• Medical
• Automotive
• Consumer electronics
• Energy & power

Regional Outlook (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.

Glass Scintillator Market Size Is Expected To Reach USD 27.86 Million by 2025

The global glass scintillator market size is expected to reach USD 27.86 million by 2025, at a registering a CAGR of 3.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing need for safety requirements in nuclear power plants is key growth factor to drive industry growth. In addition, rising demand from North America region is further propelling the demand over the forecast period.

Lithium based glass scintillator are used for wide variety of radiation detection applications in nuclear industry. They are also being used in oil & gas industry for logging while drilling (LWD) and measurement-while-drilling (MWD), during the exploration process. The growth in exploration activity is also one of the reasons for increased demand.

In terms of revenue, oil & gas accounted as the largest application segment in 2016 and is anticipated to continue its trends with a growth rate of 3.1% over the forecast period. Increasing need for formation evaluation to enhance the productivity of drilling operations is expected to drive the market.

The demand for glass scintillators is expected to boost owing to the growth in various end-use industries in the North America region. The increased demand is driven by the growing application of glass scintillators in industries such as oil & gas exploration and nuclear power plant. The shale oil boom in the region coupled with the use of various techniques such as logging- while-drilling (LWD) and measurement-while-drilling (MWD) is an important market driver. These methods require accurate and reliable data measurement, which can be accomplished with the aid of glass scintillators. These factors together are expected to boost the glass scintillator demand over the forecast period.

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

Further key findings from the report suggest:

• Nuclear power plant segment will experience the fastest growth in terms of value at a CAGR of 4.0% from 2017 to 2025 since the installation of new nuclear reactors requires continuous monitoring for neutron detection, which helps in enhancing the efficiency of the reactor. Continuous monitoring can be provided with neutron detectors by using glass scintillators, as they help in detecting fluctuations in energy pulses.
• Oil & gas emerged as the largest application segment in terms of revenue in 2016 and is estimated to be valued at USD 23.58 million by 2025. The oil and gas exploration companies are always on the lookout for options to help them reduce cost along with increasing efficiencies. These goals can be achieved with the availability of accurate data, which in turn can be generated by using glass scintillators during the exploration activity.
• The U.S. market in terms of revenue was valued at USD 6.36 million in 2016 and is estimated to reach USD 8.78 million by 2025. The nuclear industry in the U.S. is projected to witness substantial growth over the next eight years owing to growth in demand for energy
• Key players including Saint-Gobain Ceramics & Plastics, Inc., Scintacor Ltd and GeeBee International have a prominent presence in the global glass scintillator market.

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

Glass Scintillator Product Outlook (Revenue, USD Thousand, 2014 - 2025)

• Natural Lithium
• Depleted Lithium
• Enriched Lithium

Glass Scintillator Application Outlook (Revenue, USD Thousand, 2014 - 2025)

• Oil & Gas
• Nuclear Power Plant

Glass Scintillator Regional Outlook (Revenue, USD Thousand, 2014 - 2025)

• North America
  • US.
• Europe
  • UK
  • Russia
• 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.

Nutraceuticals Market is Estimated To Expand at a CAGR of 8.8% through 2025

The global nutraceuticals market is projected to reach USD 578.23 billion by 2025, according to a new report by Grand View Research, Inc. Rising health concerns are likely to drive the product demand over the next eight years.

Growing awareness regarding the consumption of healthy foods has resulted in increased demand for nutraceuticals in the U.S. The European market is driven by a steady innovation of high-performance natural ingredients used in nutraceuticals. Increasing adoption of e-commerce and growing consumer awareness through social media are further likely to augment the demand for nutraceuticals over the forecast period.

The market has witnessed an increased focus on the ingredients used for manufacturing nutraceuticals. The demand for natural products is expected to grow at a rapid pace over the next eight years as consumers perceive these products to be healthier and more effective as compared to synthetic products.

Market players have been trying to expand their competitive profile by setting up innovation centers for new product development. For instance, in December 2016, Cargill started Cargill ONE Innovation Center for developing innovative flavors and food products.

Access Research Report of Nutraceuticals Market @ https://www.grandviewresearch.com/industry-analysis/nutraceuticals-market

Further key findings from the report suggest:

• Dietary supplements segment is expected to ascend at a CAGR of over 9.7% from 2017 to 2025 on account of rising product demand from Brazil, China, India, South Korea, Poland, and Mexico.
• Botanical dietary supplements segment is anticipated to witness considerable growth over the forecast period on account of increasing popularity of nutraceuticals with natural ingredients. These are available in numerous forms including dry, solid or liquid extracts, tablets, capsules, powders, and tea bags. Low cost as compared to prescription drugs and easy availability are factors expected to augment their demand over the next eight years.
• North America nutraceuticals market is a mature market and is likely to progress at a CAGR of over 7.8% from 2016 to 2024. Increasing utilization of functional food and beverages by the baby boomer population in North America is expected to augment market growth over the forecast period.
• Central & South America accounted for a market share of 7.2% in 2016 and is projected to ascend at a CAGR of 9.0% from 2017 to 2025 in terms of revenue owing to growing demand for nutraceuticals in Brazil
• Asia Pacific is predicted to ascend at the fastest CAGR of 9.9% over the forecast period on account of rapid growth of the market in China, Japan, and India
• The global players rely on widespread distribution networks to ensure sales in various regions. Manufacturers are involved in extensive R&D to develop innovative products and sustain the competition within the market.

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

Nutraceuticals Product Outlook (Revenue, USD Million, 2014 - 2025)

• Dietary supplements
  • Botanicals
  • Vitamins
  • Minerals
  • Amino acids
  • Enzymes
  • Others
• Functional food
  • Carotenoids
  • Dietary Fibers
  • Fatty Acids
  • Minerals
  • Prebiotics & Probiotics
  • Vitamins
  • Others
• Functional beverage
  • Energy drinks
  • Sports drinks
  • Functional juices
  • Others

Nutraceuticals Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • Japan
  • 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.

Starch Derivatives Market to Record an Exponential CAGR by 2022

Global starch derivatives market is expected to reach USD 74.30 billion by 2022. Growing demand for sweeteners in various food items such as bakery & confectionary, carbonated & energy drinks is expected to propel growth over the next seven years. Furthermore, growing pharmaceutical sector in countries such as Saudi Arabia, Brazil, India, China and the U.S. is expected to further increase demand for starch derivatives. Stringent regulations encouraging the use of natural ingredients across various sectors including pharmaceutical, textile, fermentation and cosmetics is likely to propel industry growth. However, fluctuating prices of raw materialscoupled with high R&D cost is expected to be a major restraint affecting growth over the forecast period.

Glucose syrup dominated the global market in the year 2014 and is likely to generate high revenue gains over the seven years, accounting for over USD 44.0 billion by 2022. Increasing consumption of processed meats, ice creams, convenience food, instant dessertsand bakery products are expected to augment demand for the product over the next seven years.

Access Research Report of Starch Derivatives Market@ www.grandviewresearch.com/industry-analysis/starch-derivatives-market

Food &beverages segment accounted for the largest application share in 2014 and is expected to witness significant gains at a CAGR of over 6.0%.Rise in product innovation by manufacturers coupled with rising consumer preferences for high quality products is likely to propel growth.

Rising consumer demand for food and beverages, pharmaceutical and personal care products in Latin America and Middle East & Africais expected to propel demand for the product over the next seven years. Moreover, improving economic conditions in the region owing to rapid industrial growth is expected to be the keydrivers. In addition, increasing urbanization and changing consumer lifestyle is expected to increase demand for packaged foods which in turn is anticipated to propel demand for starch derivative industry over the projected period.

As of 2014, Asia Pacific dominated the global market in terms of revenue as well as volume and is expected to witness highest CAGR, growing at over 6.0% from 2015 to 2022. Rapid economic growth led by China and India coupled with capacity expansions in food & beverage industry in the region is likely to have a positive impact on growth.Furthermore, increasing demand for bakery and confectionary products in India, China, Vietnam, Malaysia, and Australia is likely to fuel growth in the region.

Key players in the starch derivatives market include Ingredion Incorporated, Tate & Lyle PLC, Global Bio-chem Technology Group Company Limited, Cargill Inc. and RoquetteFrères. Growing emphasis on developing new and innovative products by manufacturers in order to cater to needs ofvarious industries is likely to promote growth. Cargill Inc. and Roquette have invested heavily in Asia Pacific for capacity expansion of existing plants and to increase the number of manufacturing facilities.

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

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• Maltodextrin
• Glucose Syrup
• Cyclodextrin
• Hydrolysates
• Modified Starch
• Others 

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• Food & Beverages
• Cosmetics
• Paper
• Pharmaceuticals
• Feed
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

• North America
  • US.
• Europe
  • Germany
• Asia Pacific
  • China
  • India
• Latin America
  • Brazil
• 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.

Food Container Market Size Worth $346.99 Billion By 2025

The global food container market size is expected to reach USD 346.99 billion by 2025, according to a new report by Grand View Research, Inc. Technological advancement in terms of new packaging materials capable of ensuring cold storage and enhancing shelf life to the finished food products is expected to have a positive impact.

The rising importance of bio-plastics packaging in the food & beverage industry as a result of stringent regulations aimed at recycling in the manufacturing sector is projected to expand industry size over the next nine years. Furthermore, the buyers are expected to prefer flexible convenience packaging material over metal and glass counterparts owing to former’ light weight.

Flexible packaging is expected to witness growth at a CAGR of 4.6% from 2016 to 2025. The growing importance of stand up pouch bags as packaging products in the food & beverage industry on account of being contaminant free and certified as safe by the FDA (Food and Drug Administration) is projected to increase industry demand in the near future.

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

Further key findings from the report suggest:

• Paperboard products accounted for 19.8% of global revenue share in 2015. The excellent recycling ability of paperboard as compared to its plastics and glass counterparts is expected to remain a key influencing factor for industry in the near future.
• Bakery goods are projected to account for 22.0% of total market sales by the end of 2025. Positive outlook towards baked goods industry of China and India owing to new product launches including frozen paratha and stuffed garlic bread is expected to increase the packaging scope over the next nine years.
• Europe dominated the market, accounting for 33.5% of global revenue in 2015. The robust presence of manufacturing facilities of dairy goods and bakery products in Western European countries including Germany and the UK on account of easy access to technological expertise and equipment services is expected to remain a favorable factor.
• Key industry players include Ball Corporation, Owens-Illinois Group, Silgan, Ardagh, Bemis, Caraustar Industries, Berry Plastics, and Graham Packaging. The establishment of strategic partnerships with buyers and product innovation for the development of tailored solutions are expected to remain major critical success factors in the future.
• Over the past few years, the global food container market has been witnessing merger and acquisitions by some of the manufacturers. For an instance, Caraustar Industries, Inc. acquired The Newark Group, Inc. in February 2015 with financial assistance from Jefferies LLC, Wells Fargo Capital Finance Credit Suisse Securities (USA) LLC, and Regions Business Capital.

Grand View Research has segmented the global food container market by product, application, and region:

Food Container Product Outlook (Revenue, USD Million, 2014-2025)

• Flexible Packaging
• Paperboard
• Rigid Packaging
• Metal
• Glass

Food Container Application Outlook (Revenue, USD Million, 2014-2025)

• Grain Mill Products
• Dairy Goods
• Fruits & Vegetables
• Bakery Products
• Meat Processed Products
• Others

Food Container Regional Outlook (Revenue, USD Million, 2014-2025)

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

Fat Replacers Market is Projected To Grow At An Estimated CAGR of 6.2% from 2016 to 2025

The Report Fat Replacers Market Analysis By Product (Carbohydrate, Protein, Fat), By Application (Bakery & Confectioneries, Dairy & Frozen Desserts, Beverages, Processed Meat, Dressings, Margarines & Spreads, Convenience Foods), And Segment Forecasts, 2018 – 2025

The global fat replacers market is anticipated to reach USD 2.79 billion by 2025, according to a new report by Grand View Research, Inc. Growing food processing industry coupled with a trend of maintaining nutritionally balanced lifestyle is expected to augment market growth over the coming years.

The ability of the fat replacer to mimic the physical and chemical qualities of lipids, thereby, providing fewer calories per gram, has revolutionized the food & beverage processing industry. New product launches catering to the low-fat and skimmed products industry is anticipated to propel market growth.

Increasing occurrences of obesity, cancer, high blood cholesterol levels, and coronary heart diseases has urged consumers to shift to a low-calorie diet, thus complementing market demand. Regulatory support aimed at facilitating foreign direct investments in developing countries is expected to amplify food & beverage production, consequently, increasing demand for fat replacers.

Access Research Report of Fat Replacers Market@ www.grandviewresearch.com/industry-analysis/fat-replacers-market

Further Key Findings from the Study Suggest:

• Investments in nutritional health food products across the world is expected to boost the demand for fat replacer
• Carbohydrate-based fat replacer was the leading product segment in 2015 and is projected to grow at an estimated CAGR of 6.2% from 2016 to 2025, as they help retain moisture, texture, viscosity, and provide mouthfeel
• Bakery & confectioneries segment occupied around 25% market share and is projected to witness fastest growth rate from 2016 to 2025
• Increasing demand for low-fat jams, jellies, chocolates, pastries, biscuits, and cakes is anticipated to increase the demand for fat mimetic in the bakery & confectioneries segment
• The Asia Pacific is market is expected to witness the fastest growth and hold largest market share by 2025, owing to increasing investments in the food & beverage manufacturing industry
• The CSA and MEA regions are projected to growth at a high CAGR due to rapid developments in the food processing industry
• Companies offer a broad range of products and solutions for application specific use. With growing health concerns, products are uniquely balanced in terms of carbohydrate content.
• Companies operating in this market include Cargill Incorporated, FMC Corporation, Archer Daniels Midland Company, Ashland Global Holdings Inc., Kerry Group PLC., DKS Co Ltd., and Agritech Worldwide Inc.

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

Fat Replacers Product Outlook (Revenue, USD Million, 2014 - 2025)

• Carbohydrate based
• Protein based
• Fat based

Fat Replacers Application Outlook (Revenue, USD Million, 2014 - 2025)

• Bakery & confectioneries
• Dairy & frozen desserts
• Beverages
• Processed meat
• Dressings, margarines & spreads
• Convenience foods
• Others  

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

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Central & South America

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Food Emulsifiers Market Expected To Reach USD 7.51 Billion by 2025

The global food emulsifiers market is expected to reach USD 7.51 billion by 2025, according to a new report conducted by Grand View Research, Inc. Growing requirement of nutritional foodstuffs, protein-rich products, and ready-to-eat snacks in Asia Pacific is estimated to drive the demand for food ingredients, including emulsifying agents, colorants, enzymes, and sweeteners. Furthermore, the presence of a broad consumer base coupled with the robust growth of the food & beverage sector is another critical driving factor that is likely to boost product consumption.

Lecithin is one of the major product categories of the market accounting for 29.1% of the volume share in 2015. Lecithin is found in both animal and plant tissues and is utilized as an emulsification ingredient for the preparation of a wide variety of bakery & dairy products. 

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

Further key findings from the report suggest:

• Dairy products accounted for 9.7% revenue share in 2015 and are likely to be one of the fastest growing applications. Rising consumption of dairy products in developing nations including China, India, and Russia is predicted to influence industry growth of key dairy processing additives, including emulsifiers.
• Europe generated revenue of USD 1.36 billion in 2015 and is anticipated to witness a stable growth over the forecast period. The implementation of stringent environmental regulations coupled with clean label trends is likely to support the stable growth in Germany, France, and other countries in the region.
• Lecithin exhibits nontoxicity and has the ability to moisturize, homogenize, and stabilize the colloidal systems. Moreover, it helps in modifying the rheological properties of victuals and also enhances their shelf life. Owing to its multifunctionality, the growth of the products is anticipated to propel significantly over the next couple of years.
• Lonza Group, Cargill, Inc., Danisco A/S, Riken Vitamin Co., Ltd., Palsgaard A/S, Beldem, BASF SE, Adani Wilmar Ltd., Archer Daniels Midland Company, Solvay S.A. Lubrizol Corporation, and Stepan Company are some of the key players operating in the global market.
• The prominent market participants such as Riken Vitamins Co., Ltd. and Palsgaard A/S are focusing on the expansion of their product portfolio by significantly investing in research & development.
• In December 2016, Cargill, Inc., announced the expansion of its emulsifier product portfolio. The company introduced a new emulsifier range that is inclusive of three plant-based lecithin products that are derived from canola, sunflower, and soy plants. Through new product launch, the company aims to meet the growing consumer requirements of label-conscious and nongenetically modified foodstuffs.

Grand View Research has segmented the global food emulsifiers market by product, application, and region:

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

• Mono-, Di-glycerides & Derivatives
• Lecithin
• Stearoyl Lactylates
• Sorbitan Esters
• Others

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

• Bakery & Confectionery
• Convenience Foods
• Meat Products
• Dairy Products
• Others

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

• North America
  • US.
• Europe
  • Germany
  • 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.

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.