Baby Diapers Market to Steadily Progress at 6.2% CAGR Over The Forecast Period| Key Industry Participants KAO Corp.; Philips Healthcare

The Report Baby Diapers Market Size, Share & Trends Analysis Report By Product (Disposable, Cloth, Biodegradable, Training Nappy, Swim Pants), By Region (Europe, APAC, North America, LAMEA), And Segment Forecasts, 2012 – 2022

The global baby diapers market size is expected to reach USD 64.62 billion by 2022, according to a new report by Grand View Research, Inc. The global baby diapers market is estimated to witness a CAGR of 6.2% over the forecast period. Growing awareness regarding health issues of babies and infants is the major factor driving the baby diapers market.

Emerging economies of the Asia Pacific region including China, India, and Brazil are projected to lead the global market. Regional diaper manufacturers providing affordable products with characteristics matching international standards have resulted in an increased industry competition. Growing demand for natural and hygienic products is forcing manufacturers to develop bio-based disposable diapers, which is also projected to propel market demand.

Latest technological developments, such as higher absorption levels and reduced weight of final products, have helped the overall quality to a great extent. Various R&D initiatives aimed at developing bio-degradable diapers are projected to boost the market growth over the forecast period. The industry has witnessed several partnerships and M&A activities aimed at developing technologically advanced products.

In 2016, disposable diapers emerged as the largest product segment. However, the segment may lose its share to biodegradable baby diapers due to increased awareness regarding the harmful effects of chemicals used in disposable diapers and preference toward using environment-friendly products.

Access Research Report of Baby Diapers Market@ www.grandviewresearch.com/industry-analysis/baby-diapers-market

Further key findings from the study suggest:

• The global baby diapers market is anticipated to reach USD 64.62 billion by 2022 exhibiting a CAGR of 6.2% over the forecast period
• Disposable diapers led the industry over the past few years and accounted for nearly two-thirds of the market
• Developing regions such as Asia Pacific and Central and South America promise ample growth opportunities for the baby diapers industry over the forecast period
• Some of the key companies in the global market are First Quality Enterprises, Inc.; Procter & Gamble Co. (P&G); Hengan International Group Company Ltd.; Kimberly-Clark Corp.; Unicharm Corp.; KAO Corp.; Philips Healthcare; Drylock Technologies NV; Cotton Babies; The Honest Co; and The Hain Celestial Group.

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

Baby Diapers Product Outlook (USD Million, 2012 - 2022)

• Cloth Diapers
• Disposable Diapers
• Training Nappy
• Swim Pants
• Biodegradable Diapers

Baby Diapers Regional Outlook (USD Million, 2012 - 2022)

• North America
• Europe
• Asia Pacific
• LAMEA

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.

3D Camera Market Factors, Rising Demand, Driving Growth by 2025

The global 3D camera market is expected to reach USD 16.41 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 35.8% during the forecast period. The growth is attributed to increasing product adoption in the entertainment industry coupled with advancements in 3D technology. Rising demand for 3D content in entertainment segment and related equipment is anticipated to further fuel the product demand.

Growing scope of 3D imaging in home automation, virtual reality, robotics and video surveillance, 3D modelling, and 3D scanning is expected to boost the market growth over the forecast period. Growing application of surveillance in home security, military, and industrial sector is driving the demand for 3D camera across the globe. Increasing demand for 3D content in gaming and entertainment industry coupled with increasing penetration of 3D technology-enabled devices such as smartphones, tablets, and TVs is boosting the product demand.

Technology giants such as Google, Microsoft, and Apple are investing millions of dollars to increase the efficiency of hardware to identify the depth and distance of objects. Accurate depth and distance recognition is essential in technologies such as augmented reality, robotics, and automated cars; making 3D camera the most suitable equipment. Despite the wide application across various industries, price higher than traditional 2D and digital cameras is expected to hinder growth of the 3D camera market.

By Technology, the 3D camera market is segmented into stereo vision, time of flight, and structured light. Stereo vision 3D camera held the largest market share in 2018 and is expected to expand at a CAGR of 35.7% over the forecasted period. Easy handling coupled with low price make 3D cameras more popular among consumers. They also exhibit adjustable range making them more suitable for applications such as 3D movies and photos, range images, and stereo views. Time of flight 3D cameras is projected to expand at the fastest CAGR owing to wide product application in smartphones, drones, healthcare, industrial, automotive, and other industries. Resistance to ambient time and use of a single viewpoint to calculate depth makes it robust to occlusions and shadows and preservation of sharp depth edges.

Asia Pacific held the largest market share of approximately 35.0% in 2018 and is expected to exhibit the fastest CAGR of 39.3% over the forecast period. The growth is attributed to several factors such as increasing penetration of smartphones, growth of the entertainment industry, rising disposable income coupled with low ownership of cameras among consumers. In Asia Pacific, smartphone and tablet segment is expected to expand at a CAGR of 40.8% over the forecasted period.

To request a sample copy or view summary of this report, click the link below:https://www.grandviewresearch.com/industry-analysis/3d-camera-market

Further key findings from the report suggest:

• Time of flight 3D camera is expected to register the fastest CAGR over the forecast period, owing to resistance of the technology to ambient time and use of a single viewpoint to calculate depth that makes it robust to occlusions and shadows and preservation of sharp depth edges
• Asia Pacific holds the largest market share and is expected to expand at the highest CAGR over the forecast period owing to increasing penetration of smartphones, enhancing entertainment industry, and increasing disposable income
• Some of the key players operating in the global 3D camera market include Cannon; Fujifilm; Nikon; GoPro Inc.; Eastman Kodak Co; Panasonic Corporation; and Sony Corporation

Grand View Research has segmented the global 3D camera market on the basis of technology, application, and region:

3D Camera Technology Outlook (Revenue, USD Million, 2015 - 2025)

• Stereo Vision
• Time of Flight
• Structured Light

3D Camera Application Outlook (Revenue, USD Million, 2015 - 2025)

• Professional Camera
• Smartphone and Tablets
• Computer
• Others

3D Camera Regional Outlook (Revenue, USD Million, 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.

Energy Drinks Market Poised to Garner Maximum Revenues During the Forecast Period

The global energy drinks market is expected to reach USD 84.80 billion by 2025, according to a new report by Grand View Research, Inc. Consumers looking for breaking the monotony in daily beverages include these energy drinks in their routine to improve their performance, and keep them hydrated at the same time.

Energy drinks which include high caffeine are expected to drive its demand as it helps the consumers to regain energy and increase their stamina. Both young, as well as aged customers are attracted towards these beverages, which promise to keep them healthy and active. More than 50% of the world population live in urban areas. Hectic lifestyle and rising disposable income coupled with a need for instant energy are expected to drive the market growth over the forecast period.

The non-alcoholic segment is expected to emerge as the largest and fastest growing product variant and is anticipated to account for a revenue share of 56% by 2025 at a CAGR of 7.8% over the forecast period.

Access Research Report of Energy Drinks Market @ www.grandviewresearch.com/industry-analysis/energy-drinks-market

Further key findings from the report suggest:

• The global energy drinks market is estimated to grow at a CAGR of 7% from 2017 to 2025
• The organic segment is expected to emerge as the fastest product type segment in 2015 and is anticipated to reach a net worth exceeding USD 32 billion by 2025
• The teenager’s consumer segment generated revenue worth of USD 16.33 billion in 2016 and is projected to grow at a CAGR of 6.8% over the forecast period
• The geriatric population growth in the market is anticipated to reach 12 billion by 2025 over the upcoming years
• On-trade distribution is projected to emerge as both largest and fastest segment and is estimated to reach USD 71.65 billion by 2025 at a CAGR of 7.1% from 2016 to 2025
• The Asia Pacific energy drinks industry is expected to witness the fastest growth in terms of revenue. It is expected to reach USD 24.17 billion by 2025, growing at a CAGR of 7.5% from 2016 to 2025
• Demand for alcoholic beverage sector in the China was valued at USD 1.14 billion in 2015 and is expected to grow at a CAGR of 7.5% from 2016 to 2025
• Energy drinks market share in Europe is expected to grow at a CAGR of 6.7% over the forecast period and to reach USD 19.12 billion by 2025
• Major players Red Bull GmbH, Monster Energy and Rockstar. Other players having significant stake in the market include PepsiCo. Inc., Xyience Energy, and Amp

Grand View Research has segmented the global energy drinks market on the basis of product, product type, target consumer, distribution channel and region:

Product Outlook (Revenue, USD Billion, 2014 - 2025)

• Alcoholic
• Non-Alcoholic

Product Type Outlook (Revenue, USD Billion, 2014 - 2025)

• Non-organic
• Organic
• Natural

Target Consumer Outlook (Revenue, USD Billion, 2014 - 2025)

• Teenagers
• Adults
• Geriatric Population

Distribution Channel Outlook (Revenue, USD Billion, 2014 - 2025)

• On-trade
• Off-trade & Direct Selling

Regional Outlook (Revenue, USD Billion, 2014 - 2025)

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

Fragrance Market to Witness Soaring Growth During the Forecast Period

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

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

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.

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

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

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

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.

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.

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.

Solar Control Glass Market To Reach $8.88 Billion By 2024

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

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.

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.