Monday, 6 April 2020

Fragrance Market to Witness Soaring Growth During the Forecast Period


Fragrance Market

The global fragrance market size is expected to reach USD 91.17 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 3.7% over the forecast period. Rising awareness regarding cleanliness and personal hygiene among middle-class income groups in the emerging economies including India, China, Thailand, Vietnam, and Brazil is expected to expand the scope of fragrances over the forecast period.

Personal care is anticipated to emerge as prominent application segment owing to increasing demand for the products including perfume, deodorants, soap, talcum powder, cream, and hair oil. Moreover, rising demand for car and room fresheners coupled with the popularity of aromatherapy in households is anticipated to further fuel the growth. In addition, hospitality has become one of the emerging sectors for fragrances owing to their rising usage to create a pleasant environment. The sector has significant demand for different kinds of fragrances including jasmine, lavender, and eucalyptus which boost up consumers’ mood and create a lively environment.

North America was the largest market in 2018, generating a revenue exceeding USD 20 billion. Major manufacturers are adopting strategies such as new product launch and mergers and acquisitions. For instance, in 2017, Coty Inc. signed an agreement to buy 60% of the stakes of the Younique, LLC, a company dealing in direct sales exclusively through the social media and online platforms.

Key market participants are L’Oréal Group; Unilever; The Procter & Gamble Company; Kering S.A.; CHANEL International B.V.; LVMH Group; Givaudan; Revlon Inc.; Firmenich International SA; Estee Lauder Companies Inc.; Coty Inc.; and Giorgio Armani S.p.A. Some of the manufacturers are focusing on R&D of organic products to expand the product portfolio. For instance, in June 2018 Elsa’s Organic Skin Foods, a U.K. based company, launched Ocean Natural Deodorant Crème. The product is a silk to powder deodorant balm contains natural antibacterial such as Rose Geranium, Tea Tree, and Patchouli.

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

Further key findings from the report suggest:
  • Personal care application led the global fragrance market, with a revenue share of over 47.8% in 2018
  • Online channels are expected to account for 8.2% of the global share by the end of 2025
  • North America led the market in 2018, accounting for 33.9% of the global share
  • New product launches, mergers and acquisitions, and capacity expansion are expected to remain the key strategies among the industry participants over the forecast period.
Grand View Research has segmented the global fragrance market on the basis of product, application, distribution channel, and region:
Fragrance Product Outlook (Revenue, USD Billion, 2015 - 2025)
  • Deodorants
  • Perfumes
  • Others
Fragrance Application Outlook (Revenue, USD Billion, 2015 - 2025)
  • Personal Care
  • Household Care
  • Others
Fragrance Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
  • Offline
  • Online
Fragrance Regional Outlook (Revenue, USD Billion; 2015 - 2025)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa
About Grand View Research

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

Sports Equipment Market is Anticipated to Rise at a CAGR of 3.5% by 2025|Top Industry Leaders Adidas AG; Billabong International Limited


High Angle View Of Various Sport Equipments On Green Grass

The global sports equipment market size is expected to reach USD 89.22 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 3.5% over the forecast period. The industry is witnessing a considerable growth across the globe owing to increasing adoption of sports and recreational activities by people for stress management and growing health awareness. Widespread media coverage of several global sports events, such as FIFA World Cup, Commonwealth Games, and Olympic Games, amplifies the popularity and expands the global reach of sports, thereby encouraging youth to take part in sports.

In recent times, government institutions are making recreational activities an obligatory inclusion in curriculum of schools and colleges. Besides this, they are taking initiatives to popularize adoption of sports activities in their countries and motivate young athletes. These initiatives include allocating substantial funds for the development of sports infrastructure, apart from organizing several sports events.

Additionally, an increase in people’s participation has been noted in various sports such as golf, basketball, and football, owing to enhanced standards of living and a greater willingness to spend on leisure activities. Emerging economies such as India, China, and Brazil are observing improvements in living standards, which is projected to boost the sports equipment market growth.

However, in recent times, a proliferation of counterfeit products, in addition to rising product prices, is estimated to negatively impact the market over the forecast period. Nevertheless, enhancement and innovation of products, thanks to usage of better quality raw materials, are poised to offer new opportunities to the market.

Access Research Report of Sports Equipment Market @ www.grandviewresearch.com/industry-analysis/sports-equipment-market

Further key findings from the report suggest:
  • The sports equipment market is anticipated to post a CAGR exceeding 3.0% during the forecast period, on account of increasing occurrence of chronic diseases and obesity. With people across the world growing more inclined to adopt healthier lifestyles, maintain a healthy body, and lose weight, sports is growing in popularity as a means to achieve the aforementioned objectives
  • On the basis of product type, the balls game segment is expected to dominate the market throughout the forecast period. Burgeoning popularity of ball games such as football and basketball is projected to spur the growth of the segment
  • Rising disposable income, convenience of shopping, and ease of internet connectivity are supporting development of the e-commerce and m-commerce industries. These factors render the process of purchasing sports equipment online more convenient for end users
  • Increasing tendency/predisposition of consumers to adopt healthier lifestyles, resulting in requirement of purchasing sports equipment and other related goods, is one of the key factors propelling the market in APAC
  • The market is noting intense competition owing to presence of numerous players including Nike, Inc.; Puma SE; Adidas AG; Billabong International Limited; Callaway Golf Co.; Jarden Corporation; Sports Direct International; Taishan Sports. Low entry and exit barriers in this market further contribute to increase in competition
  • Companies are focusing on expanding their market presence through mergers and acquisitions and are also increasingly investing in research and development activities for improving their products for enhanced durability and comfort.
Grand View Research has segmented the global sports equipment market on the basis of product, distribution channel, and region:
Sports Equipment Product Outlook (Revenue, USD Billion, 2014 - 2025)
  • Ball over net games
  • Ball games
  • Fitness/Strength equipment
  • Athletic training equipment
  • Others
Sports Equipment Distribution Channel Outlook (Revenue, USD Billion, 2014 - 2025)
  • Online retail
  • Specialty & sports shops
  • Department & discount stores
Sports Equipment Regional Outlook (Revenue, USD Billion, 2014 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • New Zealand
  • Latin America
    • Brazil
    • Mexico
  • 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.

Barbeque Grill Market Surge Valuation Of USD 6.50 Billion By 2025


Barbeque Grill

The Report Barbeque Grill Market Size, Share & Trends Analysis Report By Product (Gas, Charcoal, Electric), By Application (Household, Commercial), By Region, And Segment Forecasts, 2019 – 2025

The global barbeque grill market size is expected to reach USD 6.50 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.5% during the forecast period. Rising popularity of grilled food along with changing lifestyle and eating habits in emerging economies including China and India is expected to drive the market. Rising trend of having cookouts and grilled food on weekends and holidays, especially among young, middle-class, working population is anticipated to bode well for the product demand.

Electric barbeque grill segment is expected to witness a CAGR of 5.6% from 2019 to 2025. Rising awareness regarding conservation of conventional energy is driving the product demand. Product features such as automatic temperature adjustment and less smoke promote hassle-free cooking and are anticipated to drive the product demand during the next eight years.

Commercial application is expected to remain the leading segment over the forecast period. It accounted for more than 50% of the global market share in terms of revenue in 2018. A large number of restaurants, clubs, and outdoor camping service providers provide barbeque products. Increasing popularity of dining-out among middle-income groups from developing economies including China, India, Brazil, and Mexico is expected to promote the demand for barbeque grills in hotels and restaurants in near future.

North America generated the highest revenue of USD 2.8 billion in 2018. A large number of people own barbeque grills due to their passion for cooking and entertaining friends and families. Rising spending on barbeque products as a part of lifestyle in U.S. and Canada is expected to boost the product demand in near future.

Some of the key players operating in the barbeque grill market are The Coleman Company Inc.; Spectrum Brands, Inc.; The Middleby Corporation LLC.; Char-Broil LLC; Kenmore; Traeger; LANDMANN; Broilmaster; FIRE MAGIC; and Weber-Stephen Barbecue Products India Private Limited. Companies are investing in emerging markets including India and China to increase their revenue share. For instance, in March 2018, U.S. based barbeque grill manufacturer, Weber launched a gas grill Genesis II and an electric grill Q1400.

Access Research Report of Barbeque Grill Market https://www.grandviewresearch.com/industry-analysis/barbeque-grill-market

Further key findings from the report suggest:
  • Gas products generated a revenue of USD 2.67 billion in 2018
  • Household application is expected to expand at a CAGR of 4.8% from 2019 to 2025
  • Asia Pacific is expected to be the fastest growing region in the barbeque grill market with a CAGR of 5.6% from 2019 to 2025
Grand View Research has segmented the global barbeque grill market on the basis of product, application, and region:
Barbeque Grill Product Outlook (Revenue, USD Million, 2015 - 2025)
  • Gas
  • Charcoal
  • Electric
Barbeque Grill Application Outlook (Revenue, USD Million, 2015 - 2025)
  • Household
  • Commercial
Barbeque Grill Regional Outlook (Revenue, USD Million, 2015 - 2025)
  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • Germany
  • 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.

Insulated Food Containers Market Share & Growth Rate by 2025

The global insulated food containers market size is expected to reach USD 2.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% over the forecast period. Rising consumer awareness regarding home cooked fresh food at workplace is expected to expand the industry size. In 2018, around 60% of population are employed which is significantly contributing to the demand for home cooked food at workplace. The product has the ability to maintain freshness as well as temperature of food to around 6 hours.

Stainless steel products generated a revenue of USD 861.7 million in 2018. The majority of consumers prefer to purchase this product due to its non-reactive and non-toxic property. This product also limits the scope of bacteria to leave inside, which keep, food healthy and fresh. Plastic products are expected to witness the fastest growth as a result of their growing popularity as lightweight materials.
Insulated Food Containers Market
Hypermarkets and supermarkets held a revenue share of more than 45.0% in 2018. Availability of a wide range of product varieties, along with consumer preference for physical verification before any purchase, is expected to remain the favorable factors. The online distribution channel is expected to witness significant growth in the near future on account of increasing number of smartphone users at a global level.

Asia Pacific is expected to witness the fastest growth over the next few years. Expansion of middle class income groups in developing countries including China and India is expected to expand the industry size. In 2018, around 68% of the population in this region were the working class population, who require home cooked food at their workplace.

Companies are focusing on new designed product launches to increase their market share. For instance, in 2017, Avon Appliances launched stainless steel insulated food containers from 14 to 40 liters capacity. Key companies operating in this market include American Aerogel, Huhtamaki, Zojirushi America Corporation, Cambro, Carlisle, Thermos LLC, Stanley, Hamilton Housewares Pvt Ltd., Valor Industries, and TokyoPlast.

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

Further key findings from the report suggest:
  • Plastic products are expected to account for 30.8% share of the global revenue by the end of 2025
  • Online distribution channel is expected to expand at the fastest CAGR of 6.8% from 2019 to 2025
  • Asia Pacific generated a revenue of more than USD 520 million in 2018
Grand View Research has segmented the global insulated food containers market on the basis of product, distribution channel, and region:
Insulated Food Containers Product Outlook (Revenue, USD Million, 2015 - 2025)
  • Stainless Steel
  • Plastics
  • Others
Insulated Food Containers Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
  • Hypermarkets & Supermarkets
  • Convenience Store
  • Online
Insulated Food Containers Regional Outlook (Revenue, USD Million, 2015 - 2025)
  • North America
    • US.
  • Europe
    • Germany
    • UK.
  • Asia Pacific
    • China
    • India
  • Central & South America
    • Brazil
  • Middle East & 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.

Hydration Belt Market to Account for USD 52.3 Million by 2025


Hydration Belt

The global hydration belt market size is expected to reach USD 52.3 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.0% over the forecast period. Growing demand for these products as a source for ensuring continuous intake of hydrating agents among sportsmen is expected to remain a key trend in the market.

In addition, growing awareness regarding fitness through physical activities and exercise among the common mass is propelling the market growth. Coaches and trainers recommend remaining hydrated as the most important part of physical activity. Lack of hydration can negatively impact the cardiovascular system, muscle function, and body temperature. It is expected that one should consume 3 to 8 fluid ounce every 15 to 20 minutes.

It has been observed that millennials across the globe have been increasing spending on maintaining body fitness as a result of increased number of health awareness campaigns by fitness bloggers and gym trainers on social media. For instance, Classpass, a health club, said that 82% people are exhibiting an increasing interest in treadmills. Leveraging the same trend, fitness clubs have started organizing wellness festivals to enhance the number of people interested in regular physical activities. As a result, the consumers will prefer the use of hydration belts in order to keep oneself hydrated.

Key players include Nathan Sports, FITLETIC, URPOWER, Adalid Gear, Salomon S.A.S., CamelBak, Ultimate Direction, FFITTECH, Osprey Packs, Inc., Implus LLC, and Amphipod Inc. Manufacturers have been leveraging these trends by introducing new products to cater to the demand of consumers.

For instance, in July 2018, USWE Sports launched Zulo 2, a cycling hydration waist pack. The small bag has ample space for large bladders of about 1.2 liter. In addition, it is very lightweight and the material of the bag reflects heat in order to keep the content of the bladder cold. The bag weighs around 215 gram and is square in shape. Furthermore, it is connected to hose with a magnetic clip, which makes drinking convenient for the carrier.

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

Further key findings from the report suggest:
  • By product, without bottle products accounted for 70.4% share of the global revenue in 2018
  • By form, soft flasks is expected to expand at the fastest CAGR of 11.1% from 2019 to 2025. These products are lightweight in nature, which provides convenience to the consumers
  • On the basis of protective medium, insulating products are expected to expand at the fastest CAGR of 11.4% on account of their increasing popularity in high altitude mountaineering activity
  • Based on capacity, single bottle products accounted for more than 45.0% share of the global revenue in 2018
  • Online channel is expected to expand at the fastest CAGR of 11.5% from 2019 to 2025.
Grand View Research has segmented the global hydration belt market on the basis of product, form, protective medium, capacity, distribution channel, and region:
Hydration Belt Product Outlook (Revenue, USD Million, 2015 - 2025)
  • With Bottle
  • Without Bottle
Hydration Belt Form Outlook (Revenue, USD Million, 2015 - 2025)
  • Hard Bottle Hydration Belt
  • Soft Flask Hydration Belt
Hydration Belt Protective Medium Outlook (Revenue, USD Million, 2015 - 2025)
  • Insulating
  • Non-Insulating
Hydration Belt Capacity Outlook (Revenue, USD Million, 2015 - 2025)
  • Single Bottle
  • Double Bottle
  • Multiple Bottle
Hydration Belt Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
  • Offline
  • Online
Hydration Belt Regional Outlook (Revenue, USD Million, 2015 - 2025)
  • North America
    • US.
  • Europe
    • Germany
    • UK.
  • Asia Pacific
    • India
    • China
  • Central & South America
    • Brazil
  • Middle East & Africa (MEA)
    • 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.

Carpet Cleaning Products Market Significant Profits Estimated to be Generated by 2025


Carpet Cleaning Products Market

The global carpet cleaning products market size is anticipated to reach USD 2.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% over the forecast period. Growing awareness related to household hygiene and cleanliness among consumers is expected to drive the market over the forecast period. Carpet cleaning products are witnessing increasing demand as a result of increased spending on floor coverings in the residential and non-residential/commercial sectors. Therefore, market witnesses increased spending on these cleaners, which is expected to contribute to the growth of the global market.

Rising environmental concerns across regions have urged consumers to invest in green cleaning products consisting of chemical free ingredients. Companies are focusing on producing natural and organic cleaner with sustainable manufacturing practices. For instance, in June 2019, Skyhawk Global Ltd. have launched natural and eco-friendly liquid carpet cleaner to prevent odor or recurrence of stains. Many macro-economic factors such as growth in the construction of office and retail spaces and home décor are expected to increase the adoption of these cleaners.

Liquid cleaning products dominated the carpet cleaning products market in 2018. They help in absorbing soil from the carpet with the help of mechanical agitation from brush, which cleans through the material. This liquid is used with water or directly applied to the carpet, which dissolves the soil and is vacuumed up to absorb the liquid. Thus, greater convenience as well as effectiveness provided by this product have fueled the demand.

In terms of application, the residential sector is expected to register the highest CAGR of 4.8% from 2019 to 2025. Carpets are mostly found in luxury residential places like bungalows and mansions. Increase in disposable income, along with hectic lifestyle of the consumers, is expected to be a key factor. This, in turn, is supposed to drive the demand for carpet cleaners in the next few years.

North America dominated the global market, accounting for 51.8% share of global revenue in 2018. Prominent trend of carpet flooring in countries such as U.S. and Canada in order to showcase a luxury living lifestyle on account of high disposable income is responsible for the market growth. Moreover, rising awareness regarding cleanliness of carpet in order to prevent bacterial infestation has increased the demand for carpet cleaners such as spray, liquid, and powder products. 

To request a sample copy or view summary of this report, click the link below:https://www.grandviewresearch.com/industry-analysis/carpet-cleaning-products-market
Further key findings from the report suggest:
  • By product, the liquid segment accounted for a share of 30.7% in 2018
  • The residential application segment is expected to register the highest CAGR of 4.8% over the forecast period
  • Asia Pacific is the fastest growing region, expanding at a CAGR of 5.3% from 2019 to 2025
  • Top players operating in the carpet cleaning products market include BISSELL; Reckitt Benckiser Group plc.; Techtronic Industries Co. Ltd.; The Clorox Company; Zep, Inc.; Sprayway Inc.; and Tesco.com.
Grand View Research has segmented the global carpet cleaning products market by product, application, and region:
Carpet Cleaning Products Outlook (Revenue, USD Million, 2015 - 2025)
  • Shampoo
  • Spray
  • Liquid
  • Others
Carpet Cleaning Products Application Outlook (Revenue, USD Million, 2015 - 2025)
  • Residential
  • Commercial
  • Hotels & Restaurants
Carpet Cleaning Products Regional Outlook (Revenue, USD Million, 2015 - 2025)
  • 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.

Capsule Coffee Machine Market Revenue Sales to Reach USD 423.9 Million by 2025


Capsule Coffee Machine Market

The global capsule coffee machine market size is anticipated to reach USD 423.9 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 13.3% over the forecast period. The market demand is majorly driven by the prominent use of single serve coffee, especially in the western countries such as U.S., U.K., Germany, and Switzerland. Capsule machines for this beverage are designed with easy operational features, lighter volume, and are available at a cheaper rate as compared to the traditional ones.

Americans alone consume about 136 billion cups of coffee every year, with an average consumers drinking approximately 3 cups each day, and spending on around $1100 annually. Consumers drink up to 500 billion cups of this beverage annually at the global level, with U.S. ranking as the second largest importer of coffee beans, after Europe. High consumption of this beverage in these regions is expected to drive the market.

Household application of capsule coffee machines is expected to expand at the highest CAGR of 11.5% over the forecast period. Growing trend of adoption of premium and specialty beverages induced with different flavors and origin is gaining popularity. This trend is expected to drive the demand for such capsule machines in the household sector.

Countries having high consumption rate such as U.S., Germany, Switzerland, and Japan are expected to account for a significant share in the global market. Consumers in the western countries prefer home brewed coffee and hence it is anticipated to fuel the market growth. According to the National Coffee Association trends, 29% of the U.S. households purchased single serve brewers in 2017.

The capsule coffee machine market in Asia Pacific is expected to expand at the highest CAGR of 12.7% from 2019 to 2025. Rising consumer awareness regarding technologically advanced products have initiated the sales of these products on a large scale in the region. Developing countries such as India and China are expected to contribute to the regional market growth owing to growing cultural trends and rising inclination towards consumption of coffee.

Moreover, this region is witnessing increasing establishment of cafes and coffee shops, which is anticipated to widen the scope of this market. In addition, China's aging demographics and busy lifestyles are expected to popularize the trend of quick refreshment. This, in turn, has inclined them towards single-serve and quick offerings for household consumption, thereby fueling the market growth in the near future.

Moreover, Chinese millennials are significantly contributing to coffee consumption, resulting in about 20% growth. Starbucks’ initial exposure to coffee culture in China and independent beverage shops in cities such as Shanghai and Beijing are driving the culture. This, in turn, is expected to increase the single serve trend, thereby propelling the sales of capsule machines for this beverage.

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

Further key findings from the report suggest:
  • The global capsule coffee machine market is expected to expand at a CAGR of 13.3% from 2019 to 2025
  • The commercial application segment was valued at USD 109.2 million in 2018, whereas the household sector is expected to witness the fastest growth during the forecast period
  • Asia Pacific is the fastest growing region for capsule coffee machines, expanding at a CAGR of 12.7% from 2019 to 2025
  • Top players’ operating in the market are Keurig Green Mountain, Inc.; Nestlé Nespresso SA; Dualit Limited; Jacobs Douwe Egberts Pro; Starbucks Corporation; Dunkin Brands; LUIGI LAVAZZA SPA; Koninklijke Philips N.V.; and illycaffè S.p.A.
Grand View Research has segmented the global capsule coffee machine market by application and region:
Capsule Coffee Machine Application Outlook (Revenue, USD Million, 2015 - 2025)
  • Household
  • Commercial
Capsule Coffee Machine Regional Outlook (Revenue, USD Million, 2015 - 2025)
  • North America
    • US.
  • Europe
    • Germany
    • UK.
  • Asia Pacific
    • Japan
    • 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.

Green Roof Market to Show Strong Growth | Leading Players Optigreen, Green Roof Blocks LLC, Axter Ltd

The global green roof market size is expected to reach USD 21.76 billion by 2025 registering a CAGR of 17.1%, according to a new report by Grand View Research, Inc. The growth is attributed to increasing product demand due to its benefits, such as reduced noise pollution, energy cost, and CO2 levels, increased lifespan of roofs, regulating building temperature, improved employee productivity and health, and increased building value. It also reduces and slows storm water runoff by absorbing and decreasing the velocity of the water, resulting in decreased flooding and pollution in the heavy rainfall areas.

Emphasis of city and policy planners on installing the green roof for better energy efficiency and to reduce costs and the impact of global warming is also expected to drive the market. For instance, San Francisco became the first major city in U.S. to mandate living roofs between 15 to 30% for most of the new construction under San Francisco’s Better Roofs Ordinance launched in January 2017. Denver also approved an initiative for newly built construction sites of area larger than 25,000 square feet.On the other hand, product installation and maintenance costs are acting as major restraints for the market growth.

Thus, various private companies and governments across the globe are launching subsidiaries and schemes to encourage the use of green roof. Based on type, the market is divided into extensive and intensive roofs. Extensive roof type segment held the largest market share of more than 86% in 2018 and will maintain its dominant position throughout the forecast years owing to the factors, such as low maintenance cost. Moreover, lesser capital cost per meter square and minimal irrigation and nutrient requirement will boost the product demand.

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


Further key findings from the study suggest:
  • Based on application, the residential segment is likely to have a significant growth due to rising product usage, especially in developed economies as a result of high per capita income
  • The commercial application is projected to be the largest as well as fastest-growing segment at a CAGR of 17.8% over the forecast period
  • Builders are increasingly installing green roofs as they receive rental premium. Tax credits, storm water fee credits, rebates, and development incentives are allotted to the constructors as substantial portion of green infrastructure cost
  • Intensive product type is estimated to witness the fastest CAGR from 2019 to 2025. Heavy weight and high maintenance and installation cost associated with these products tend to make up smaller market share of the segment
  • Some of the key companies of green roof market are Optigreen, Green Roof Blocks LLC, Axter Ltd., Hannor, and Bauder
Grand View Research has segmented the global green roof market on the basis of type, application, and region:
Green Roof Type Outlook (Revenue, USD Million, 2015 - 2025)
  • Extensive
  • Intensive
Green Roof Application Outlook (Revenue, USD Million, 2015 - 2025)
  • Residential
  • Commercial
  • Industrial
Green Roof Regional Outlook (Revenue, USD Million, 2015 - 2025)
  • North America
    • US.
  • Europe
    • Germany
    • UK.
    • Switzerland
  • Asia Pacific
    • China
    • 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.

Sunday, 5 April 2020

Kids Bicycle Market Projected To Be Worth USD 4.9 Billion By 2025

The global kids bicycle market size is expected to reach USD 4.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.6% over the forecast period. The growth is attributed to rising demand for bicycling as a fun activity among children who are hugely influenced by toon characters riding bicycles.

For instance, the character Calvin from the comic Calvin and Hobbes can be seen in the bicycle. The cycle manufacturers have leveraged these features to market bicycles. Cartoon Network Ben Ten Bicycle is one such product that gained tremendous popularity in the countries including India, Maldives, Indonesia, and Pakistan.
Kids Bicycle Market
In addition, schools and residential societies have been conducting cycling races, marathons, and relays. Such activities develop discipline, sportsmanship, and team spirit among kids. This, in turn, drives the kids, parents, and teachers to take interest in cycling, thereby propelling the kids bicycle market growth. Cycling is further promoted for various health benefits among kids.
It has been proved through various medical researches that cycling improves fitness. Along with improving physical strength and growth, it even results in positive mental attitude by releasing stress. It is also recommended that cycling activity in fresh air improves the metabolism by providing exercise to the cardiovascular muscles and building muscle mass.

Rise in the demand for kids cycle is being leveraged by various manufacturers. In May 2019, Strider Sports International Inc. entered the Indian market by launching two different models, Sport Baby Bundle and 14x Sport Balance Bike bicycles. The product is available online for USD 199.98 and USD 209.99 respectively. The Sport Baby Bundle is for toddlers and it comes with rocking base and no pedals. The 14x Sport Balance Bike is for kids above 2.

Some of the key players are Giant Bicycles, Trek Bicycle Corporation, Specialized Bicycle Components, Cannondale, SCOTT Sports SA, GT Bicycles, MERIDA BIKES, Cervélo, Fuji Bikes, Cicli Pinarello SRL, COLNAGO, Santa Cruz Bicycles, and KONA. Manufacturers have been observing the rapid growth closely and strategically expanding in the countries with growing middle-class income population.

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


Further key findings from the report suggest:
  • Conventional products accounted for more than 80.0% share of the global revenue in 2018
  • The online segment for kids bicycle market is expected to expand at the fastest CAGR of 3.0% from 2019 to 2025
  • The offline segment accounted for 85.0% share of the global revenue in 2018.
Grand View Research has segmented the global kids bicycle market on the basis of product, distribution channel, and region:
Kids Bicycle Product Outlook (Revenue, USD Million, 2015 - 2025)
  • Batter Operated
  • Conventional
Kids Bicycle Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
  • Offline
  • Online
Kids Bicycle Regional Outlook (Revenue, USD Million, 2015 - 2025)
  • North America
    • US.
  • Europe
    • Germany
    • UK.
    • Netherlands
  • Asia Pacific
    • India
    • China
    • Japan
  • Central & South 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.

Thursday, 2 April 2020

Solar Control Glass Market To Reach $8.88 Billion By 2024


Solar Control Glass Market

The global solar control glass market size is expected to reach USD 8.88 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand owing to positive construction and automotive industry outlook is expected to propel market growth.

Solar control glass allows a significant amount of sunlight to pass through and reflects a large amount of solar heat thus making it suitable for green building applications. The growing trend of green buildings constructions with high energy efficiency and reduced CO2 emissions is expected to drive market demand for solar control glass over the forecast period.

The demand is driven by countries such as U.S and Germany where there is a growing trend of green buildings. The favorable government policies in China and Japan are expected to boost demand for this product. The growing usage in the automotive industry owing to reduced air conditioning costs will have a positive impact on demand for solar control glass 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/solar-control-glass

Further key findings from the report suggest
  • Commercial buildings will witness the fastest growth at a CAGR of 9.1% in terms of volume from 2016 to 2024 as a result of increasing projects that are energy efficient coupled with government regulations promoting energy efficient buildings.
  • European solar control glass market was valued at USD 1.74 billion in 2015 and will show significant rise owing to growing demand for commercial buildings with provisions to reduce the CO2emissions resulting from the air conditioning in the building. Growing automotive industry in in Germany is expected to propel demand for this product.
  • MEA will witness significant revenue growth at a CAGR of 10.1% from 2016 to 2024 in light of the increasing construction projects and arid climatic conditions in that region.
  • Key participants include NSG, AGC Glass Europe, and Saint-Gobain together accounting for a major market share in 2015. Other prominent players include PPG Glass Industries, Guardian Glass, Sisecam Flat Glass and Euroglas GmbH.
  • Companies are focusing on increasing their footprint within the global solar control glass industry through various strategic initiatives. For instance, in June 2016, PPG announced the sale of its European fiberglass operations to Nippon Electric Glass Co. to focus on growing market of low emissivity solar control glass. In July 2016, AGC introduced Ipasol neutral 70/37 and Ipasol light gray 60/33 solar control glass products in the market to meet the growing demand.
 Grand View Research has segmented the global solar control glass market on the basis of application and region:
Solar Control Glass Application Outlook (Volume, Million Square Meter; Revenue, USD Million, 2013 - 2024)
  • Commercial Buildings
  • Residential Buildings
  • Automotive
Solar Control Glass Regional Outlook (Volume, Million Square Meter; Revenue, USD Million, 2013 - 2024)
  • North America
    • US.
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • 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.

Fire Resistant Glass Market Research Report With Growth and Key Players Analysis by 2024


Fire Resistant Glass

The global fire resistant glass market is expected to reach USD 7.28 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for fire resistant glass owing to the increasing investments by the regional governments on infrastructure development in emerging regions including Asia Pacific and the Middle East is expected to drive the market over the next eight years.

Rising application scope in the marine industry pertaining to increasing demand for fire proof cabins in ships used for commercial and naval applications is expected to drive the demand over the next eight years. Moreover, rising investment in ship manufacturing activities from emerging economies such as China and India are expected to drive the demand over the forecast period.

Increased use of fire resistant automotive glass by the automotive manufacturers, on account of growing demand from consumers to enhance the safety standards of the vehicles is expected to propel the demand. Moreover, growing technological innovations along with rising fire safety standards of the vehicles globally are likely to augment demand over the next eight years.

Ceramic glass accounted for over 40% of the market in terms of volume on account of fire resistant and sound insulation properties. Growing use of the product in fire doors is likely to drive the market demand over next eight years.

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

Further key findings from the report suggest:
  • The global fire resistant glass market demand was 13.4 million square meters in 2015 and is expected to reach 30.5 million square meters by 2024, recording a CAGR of 9.6% from 2016 to 2024.
  • Gel filled glasses are expected to be the fastest growing product segment registering a CAGR of over 15% from 2016 to 2024. Ability to maintain relatively low temperature on the non-fire side of the affected building by acting as a fire shield on account of the heat absorbing capabilities of the gel is likely to fuel the growth of fire resistant glass market over next eight years.
  • Other applications including automotive, oil & gas and, military & defense are expected to register a CAGR of around 9% from 2016 to 2024 accounting for 19.6% of total market volume in 2015. Rapid growth in the automotive industry in the emerging economies such as Asia Pacific and Latin America owing to increasing demand for automobiles and rising disposable income of consumers is expected to drive the growth over the forecast period.
  • Ceramic glass held the largest market share, owing to its wide application scope in various end use industries including construction, automotive, oil & gas, and marine. Growing application scope on account of its prolonged fire rating ranging from 20 minutes to 3 hours is expected to drive the market demand for the product over the forecast period.
  • Asia Pacific accounted for a significant market share of around 19% in 2015. Ready availability of raw material coupled with cheaper manufacturing costs are expected to drive the market growth. The region is also projected to witness the growth of 11% from 2016 to 2024.
  • The industry is moderately fragmented with the presence of a large number of prominent market participants across the globe. Some leading companies operating in the global market include Saint-Gobain, Pyroguard UK Ltd, Schott AG, NSG Pilkington, and Asahi Glass Co. Ltd. Saint-Gobain SA is a producer and distributor of construction and high-performance materials and packaging headquartered in France. The company operates in four business segments including innovative materials, high performance materials, construction products and building distribution.
  • In July 2015, Saint-Gobain agreed to buy Oregon-based Structus Building Technologies, a manufacturer of innovative, high-performance drywall corner solutions.
Grand View Research has segmented the fire resistant glass market by product, application, and region:
Global Fire Resistant Glass Product Outlook (Volume, Million Square Meter; Revenue, USD Billion, 2013 - 2024)
  • Wired
  • Ceramic
  • Tempered
  • Gel Filled
Global Fire Resistant Glass Application Outlook (Volume, Million Square Meter; Revenue, USD Million, 2013 - 2024)
  • Construction
  • Marine
  • Others
Global Fire Resistant Glass Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
  • Middle East and Africa
About Grand View Research

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

Carbon Fiber Reinforced Plastic Market Industrial Overview and Revenue During 2014 - 2024

The global carbon fiber reinforced plastic (CFRP) market is expected to reach USD 27.98 billion by 2024, according to a new report by Grand View Research, Inc. Increasing composites demand in the automotive industry is expected to remain a key driving factor for global CFRP market. Aerospace & defense application segment contributed significantly to shape the overall revenue owing to the high cost of aerospace grade CFRP. Research and development in the aviation industry for manufacturing components capable of withstanding high environmental stresses is anticipated to fuel CFRP market growth over the next eight years.

Extensive R&D activities particularly in Japan and Europe have led to the emergence of numerous market players, which in turn is expected to drive the regional market demand. Escalating CFRP demand in sports applications, specifically in the Asia Pacific region, is anticipated to impel CFRP consumption.
Carbon Fiber Reinforced Plastic Market
Although CFRP offers excellent benefits due to its superior strength and lesser weight, its expensive nature has restricted its use to certain high performance applications only. Although CFRP offers considerable advantages, high cost associated with the same poses a challenge for the market across various other application segments.

Polyacrylonitrile (PAN) precursor is expected to gain some of the market shares over the forecast period and is projected to account for around 97% of the total demand in 2024. PAN has gained popularity on account of its superior properties over pitch precursor. Lower cost of PAN as compared to pitch-based CFRP is also anticipated to foster the industry growth.

Advantages offered by thermoplastic carbon fiber plastic over thermosetting composites such as short processing time, high impact resistance, easy storage, and recyclability are expected to fuel thermoplastic CFRP demand.

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

Further key findings from the report suggest:
  • Global carbon fiber reinforced plastic (CFRP) market demand was 92.9 kilo tons in 2015 and is expected to reach 269.5 kilo tons by 2024, growing at a CAGR of 12.5% from 2016 to 2024
  • The low cost and high strength to weight ratio of PAN-based carbon composites are expected to drive polyacrylonitrile demand for CFRP production over the forecast period
  • Automotive is expected to be the fastest growing segment of carbon fiber reinforced plastic market with a market share of 19.7% of the total volume in 2015
  • North America emerged as the most dominant regional market accounted for 36.9% in 2015 of the market volume because of the growing demand in automotive and aviation industry
  • Most of the key market players such as Cytec Industries, Toray, Zoltek, Toho, Mitsubishi Rayon Corporation, Hexcel, and Hyosung have integrated along the major part of the value chain ranging from production and raw material supply to CFRP distribution. High level of integration enables companies to cut down the cost associated with raw material procurement and strengthens their market share with the development of specialty products.
Grand View Research has segmented the carbon fiber reinforced plastic market on the basis of raw material, product, application and region:
Global Carbon Fiber Reinforced Plastic Raw Material Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
  • PAN
  • Pitch
Global Carbon Fiber Reinforced Plastic Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
  • Thermosetting CFRP
  • Thermoplastic CFRP
Global Carbon Fiber Reinforced Plastic Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
  • Automotive
  • Aerospace & Defense
  • Wind Turbines
  • Sport Equipment
  • Molding & Compounding
  • Construction
  • Pressure Vessels
  • Others
Global Carbon Fiber Reinforced Plastic Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)
  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • Japan
    • Taiwan
    • China
  • Middle East and Africa
  • Central and South America
    • Brazil 
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.

Butane Market Expected to Collect USD 81.62 Billion by the End of 2025


Butane Market

The global butane market size is expected to reach USD 81.62 billion by 2025, according to a new report by Grand View Research, Inc. Increasing monetary assistance from respective governments in the form of subsidies for LPG coupled with expanding population is expected to drive the market over the forecast period. Growing population and disposable income is projected to push the market growth over the coming years.

Rising industrialization coupled with capacity expansions of refineries in emerging economies of China and India is expected to fuel the butane industry demand. Growing concern regarding the impact of conventional fuel on the environment is projected to boost the LPG application market.

Increasing need for energy supply in automotive sectors is anticipated to drive the growth for butane industry. Wide range of applications of butane in petrochemicals, refrigerants, as a fuel for cigarette lighters, as propellants in aerosol sprays is expected to augment the market positively.

Growing demand for energy consumption on account of rapid urbanization is anticipated to augment butane market over the coming years. Companies such as Valero Energy Corporation, Energy Corporation of America, and Praxair adopted expansion strategies to enhance the production capacity.

Access Research Report of Butane Markethttp://www.grandviewresearch.com/industry-analysis/butane-market

Further key Findings From the Study Suggest:

  • LPG segment dominated the butane application in 2015 accounting for over  66.6% of the global market
  • Increased demand for LPG in residential, commercial, industrial, and refinery is expected to boost the LPG market
  • Butane gas is used in LPG application areas including residential, industrial, autofuel, refinery, and petrochemicals among others
  • Residential & commercial segment is expected to be inhigh demand for LPG application industry by 2025 accounting for over 50.2% of the overall market
  • Asia Pacific region is anticipated to grow at a significant rate of 4.2% over the forecast period owning to growing demand for fuel gas
  • S. EPA has filed litigation on the use of MTBE for gasoline blending owing to increased incidences of groundwater contamination
  • Rising investment on LNG by the governments is leading to the production of butane gas, in addition to R&D is expected to propel the market over the coming years
  • Companies such as Sinopec Group, Valero Energy Corporation, and Total S.A. offerservices for refining, industrial, and nuclear power sectors among othersis projected to propel growth of the market

North America Calcium Carbonate Market Industry Outlook & Future Forecast Report Till 2025


North America Calcium Carbonate Market

The North America calcium carbonate market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand.

The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment.

Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is harmful to human health. These factors are likely to hinder the market growth.  Issues regarding limestone mining are expected to pose a major challenge to manufacturers.

Industry rivalry is supposed to be high as market participants focus on process innovation to develop new products that will satisfy the demand of already existing large application base. Key market players owing to their global presence are expected to account for over 35% of global demand. Market participants have focused on establishing on-site production facilities mainly to supply high quality precipitated calcium carbonate (PCC) to paper mills. New product innovation to play a key role.

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

Further key findings from the report suggest:
  • Paper segment of calcium carbonate industrial fillers is the largest & fastest growing segment.Its demand was 6,700.2 kilo tons in 2015
  • Mexico calcium carbonate demand to grow at an estimated CAGR of 4.9% from 2016 to 2025
  • Citric acid production will also foresee growth prospects to reach a market valuation of USD 1,095.9 million by 2025
  • Presence of key market players and limestone quarries are likely to support the market growth for the calcium carbonate industry in the U.S.
  • Changing lifestyle and growing industrialization are expected to drive the Canadian market
  • Key market players include Imerys Pigments, Parchem Fine & Specialty Chemicals, Omya, and Mineral Technologies, Inc., etc.
Grand View Research has segmented the North America calcium carbonate market on the basis of application and region:
North America Calcium Carbonate Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • Industrial Fillers
  • Animal Feed
  • Water Treatment
  • Citric Acid Production
  • Others
North America Calcium Carbonate Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
  • US.
  • Canada
  • Mexico
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.

Paint Additives Market Size Worth $10.9 Billion By 2025

The global paint additives market size is expected to reach USD 10.9 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.0% during the forecast period. The industry is driven by growing demand from industrial and architectural segments. Paints and coatings are used in a wide range of applications in industries such as oil and gas, marine, aerospace, cookware and household, furniture, machinery, and automotive.

Currently, an increasing number of industry participants are moving toward manufacturing “green paints” - environment-friendly paints with zero volatile organic compound. This trend is primarily owing to a shift in consumer preferences, influenced by stringent regulatory policies. These aspects are expected to positively influence the market over the forecast period.
Paint Additives Market
Increase in construction spending in emerging economies is expected to boost demand for various types of paints and coatings in the buildings and construction segment, consequently driving demand for paint additives. Surge in demand for paints and coatings, particularly powder-based coatings, is expected to benefit the overall product sector.

Access Research Report of Paint Additives Market@ https://www.grandviewresearch.com/industry-analysis/paint-additives-market

As of 2019, there are more than 70000 commercial construction businesses in the United States, with the spending in 2017 in this sector being USD 1.23 trillion, and with building and construction segment being one of the major contributors for paint additive products, this market is expected to show promising growth in coming years. 

Many formulators are being pressurized to reduce VOCs for marine and protective coatings, with countries like China and Korea implementing regulations strongly. Also, manufacturers are striving to reduce costs in coating processes through proper rheological modification. There is a lot of focus on development of low- and zero-VOC products, which would conversely help in the growth of the paint additives market.

The U.S. Green Building Council launched the LEED v4.1 green building program in April 2019, with the emission evaluation requirement for paints, sealants, adhesives and coatings being reduced from 90% to 75%. Decisions and developments by the USGBC will have a major effect on the growth of the paint additives market for the construction industry.

Industrial paint consumption is expected to receive significant boost in India, with the manufacturing sector in the country predicted to be among the top three growth economies and manufacturing destinations globally by 2020. This will have a very positive effect on the growth of the future market.

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.

Medical Fluoropolymers Market Predicted to Witness Steady Growth During the Forecast Period

  Medical Fluoropolymers Market Growth & Trends The global  medical fluoropolymers market  size is expected to reach USD 962.03 million ...