Monday, 12 October 2020

Natural Household Cleaners Market Overview And Rising Dependency On Factors by 2025

 The global natural household cleaners market size is expected to reach USD 7.8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.1% over the forecast period. Rising concerns over toxic chemicals including parabens, triclosan, phthalates, and ammonia, which are present in synthetic home cleaning products, is expected to promote the utility of natural household cleaners. Moreover, various government initiatives on the ban of toxic chemicals from household cleaning products is expected to promote the utility of these products as green alternatives in the near future.

Natural Household Cleaners

Surface cleaners emerged as the largest segment and accounted for a share of more than 50.0% in 2018. Major manufacturers including Unilever,The Procter & Gamble Company, and Henkel Ag & Co. Kgaa are launching new products in order to gain maximum customers. Moreover, giant retailer and supermarket chains including Tesco PLC and Target Corporation are launching innovative products under their private labels.

For instance, in February 2018, Tesco PLC launched a wide range of plant-based home cleaning products under the brand name ‘Tesco Eco Active’. The company launched this green and natural product in order to cater to the demand for eco-cleaning products in U.K.

North America is expected to expand at the fastest CAGR of 11.5% from 2019 to 2025. Over the past few years, major players have adopted marketing strategies including innovative product launch, expansion of production capacity, and mergers and acquisitions in order to cater to the increasing demand for natural household cleaning product in the region.

For instance, in September 2017, S. C. Johnson & Son, Inc. signed an agreement to acquire two emerging household cleaning products manufacturers, Ecover and Method. These two companies had a wide range of home care, personal care, and fabric care products, along with the customer penetration in North America, Europe, and other countries across the globe. The company acquired these companies as they have strong R&D in natural products, along with high customer base.

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

Further key findings from the report suggest:

  • By product, surface cleaners dominated the natural household cleaners market with a share of more than 50.0% in 2018
  • The kitchen application segment is expected to register the fastest CAGR of 11.3% from 2019 to 2025
  • Key players include Henkel AG & Company; KGaA; The Procter & Gamble Company; Unilever; S. C. Johnson & Son, Inc.; Reckitt Benckiser Group plc; The Clorox Company; Godrej Consumer Products Limited; The Honest Company; Kao Corporation; and Earth Friendly Products.

Grand View Research has segmented the global natural household cleaners market on the basis of product, application, distribution channel, and region:

Natural Household Cleaners Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Surface
  • Glass
  • Fabric

Natural Household Cleaners Application Outlook (Revenue, USD Million, 2015 - 2025)

  • Bathroom
  • Kitchen
  • Others

Natural Household Cleaners Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online

Natural Household Cleaners 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.

Shapewear Market Expected To Trigger A Revenue To USD 3.80 Billion By 2025: Grand View Research, Inc.

 Shapewear Market Growth & Trends

The global shapewear market size is expected to reach USD 3.80 billion by 2025 registering a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The introduction of various products according to the type of garments is expected to support the market growth in the years to come. Growing target population across the globe is also augmenting the market growth. Changing lifestyle incurs increased investment in fitness and related accessories, which has positively impacted the market growth.

Shapewear Market

Moreover, availability of a wide range of products, such as control camisoles, corsets, body shapers, singlets, body briefs, and saree shapewear, is likely to contribute to the market growth. The female end-user segment led the global market and will remain dominant throughout the forecast period. However, the male end-user segment is anticipated to expand at the fastest CAGR from 2019 to 2025. Online channel of distribution is the fastest-growing segment owing to rising penetration of digital media and marketing. Increasing number of internet users, particularly in developing economies like China, India, and Brazil, have boosted the online market for shapewears.

In addition, key online retailers including Amazon, Walmart, Decathlon, and Myntra, are adding this category as main focus area. Promising growth exhibited by e-commerce platforms in emerging countries is compelling manufacturers to reorient their retail strategies for these countries, which is also driving the segment. Led by U.S., North America was the largest regional market and accounted for 38.96% of the global market share in 2018. High penetration of online as well as offline channels of distribution in the region is boosting in market growth.Moreover, willingness of consumers to spend more on fitness and body-shaping products is projected spur the market growth in the region.

Request a free sample copy or view report summary: Shapewear Market Report

Shapewear Market Report Highlights

  • In terms of revenue, female end-user segment is projected to ascend at a CAGR of 7.6% over the forecast years
  • Specialty stores led the global shapewear market with an overall revenue share of over 58.3% in 2018; however, the online segment is projected to register the fastest CAGR from 2019 to 2025
  • North America region led the market in 2018 and is estimated to expand further at a decent CAGR over the forecast period
  • Asia Pacific is projected to be the fastest-growing regional market from 2019 to 2025 on account of growing target population and rising consumer disposable income levels
  • The market is highly competitive. Some of the key companies include Spanx, Inc.; .Adidas AG; Triumph International Corp.; Leonisa SA; Wacoal America, Inc.; 2XU Pty Ltd.; Under Armour, Inc.; and Ann Chery

Shapewear Market Segmentation

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

Shapewear End User Outlook (Revenue, USD Million, 2015 - 2025)

  • Male
  • Female

Shapewear Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • Hypermarket & Supermarket
  • Specialty Store
  • Online
  • Others

Shapewear Regional Outlook (Volume, Tons; 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.

Modular Kitchen Market to Rear Excessive Growth CAGR of 5.8% from 2019 to 2025

 The global modular kitchen market size is expected to reach USD 28.54 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 5.8% during the forecast period. Growing number of housing projects supported by the increasing purchasing power of consumers from developing nations including India, Thailand, and Brazil, is expected to drive the market. Furthermore, the rapid rise in the number of nuclear families on a global level is expected to promote installation of new modular kitchens in new constructions.

Modular Kitchen Market

The L-shaped product design segment held the largest market share of more than 55% in terms of revenue in 2018. This design is the most popular among consumers due to its better flexibility and convenience. In addition, this design is well suited for small size kitchens.

Tall storage segment is expected to witness the fastest CAGR of 6.3% from 2019 to 2025. This product can store a large number of commodities in a single cabinet and also provides an attractive vertical look to the house. These factors are anticipated to bode well for the segment growth in the forthcoming years.

As of 2018, the wood products led the modular kitchen market in terms of raw material, accounting for over 60% of the global revenue. On the other hand, the fiber/plastic material is expected to register the fastest CAGR in near future as this material is waterproof, oil proof, and termite-proof. This material is available in a less expansive price range compared to other raw materials, which is expected to further drive the demand.

Europe held the leading market share of more than 30% in terms of revenue in 2018. The presence of prominent manufacturers and availability of a wide range of products is projected to drive the market in countries such as Germany, U.K., France, Italy, and Poland. On the other hand, Asia Pacific is expected to register the fastest growth due to the rapid growth of residential construction in this region. Rising purchasing power along with rapid urbanization in the countries, such as India, China, Japan, Malaysia, and Indonesia, is expected to fuel the product demand.

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

Further key findings from the report suggest:

  • Floor cabinet held the largest modular kitchen market share of over 60% in 2018
  • In terms of raw material, wood products is expected to hold a market share of more than 40% by 2025
  • Online distribution channel is expected register the fastest CAGR of 6.2% from 2019 to 2025
  • Key market participants include Häfele GmbH & Co KG; Nobia AB; Häcker Küchen GmbH & Co. KG; Nobilia GB Ltd; LINEADECOR; Snaidero Cucine; Bulthaup; Boston Cabinets, Inc.; Pedini; SieMatic; and The Hettich Group

Grand View Research has segmented the global modular kitchen market on the basis of design, product, raw material, distribution channel, and region:

Modular Kitchen Design Outlook (Revenue, USD Million, 2015 - 2025)

  • L-Shape
  • U-Shape
  • Parallel
  • Straight
  • Island

Modular Kitchen Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Floor Cabinet
  • Wall Cabinet
  • Tall Storage

Modular Kitchen Raw Material Outlook (Revenue, USD Million, 2015 - 2025)

  • Wood
  • Metal
  • Fiber/Plastic
  • Others

Modular Kitchen Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • Offline
  • Online

Modular Kitchen Region 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.

Blanket Market to Surpass USD 23.3 Billion by 2025: Grand View Research Inc.

 The global blanket market size is expected to reach USD 23.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.5% over the forecast period. Significant growth of the travel and hospitality industries at a global level as a result of reduced airline fares and attractive value-added services provided by key hotel industry participants is expected to remain a prominent factor. Furthermore, rising national defense spending by the governments of countries including U.S., China, Russia, Iran, Israel, India, and Pakistan is expected to promote the use of blankets for military and air force over the next few years.

Blanket Market

Cotton-based products dominated the market and generated a revenue of USD 4.6 billion in 2018. These product types are expected to gain momentum as a result of their high visibility as durable comfort characteristics. Furthermore, these textile products have the ability to perform across a wide range of climate conditions.

Since the last few years, some of the celebrities have been launching the products under their name. For instance, in March 2019, Drew Barrymore launched Flower Home, a homeline at Walmart.com. The brand, along with various home related décor and furniture, also offers blankets that are richly layered and cozy. Similarly, in March 2019, the multinational furniture company, Ikea launched the brand Overalt. The brand specifically offers African design decors and furniture. Moreover, Sindhiso Kumhalo and Renée Rossouw have been working on quilt and blanket projects for the launch of products, which are based on African designs.

In May, 2019, natural home goods brand Buffy launched a new product, The Breeze. These temperature regulating comforters are derived from eucalyptus fibers. Shell fabric and the fills are the naturally more breathable as compared to other comforters derived from polyester or animal-based materials. The breathability associated with these product forms ultimately leads to a more regulated temperature during sleep.

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

Further key findings from the report suggest:

  • By product, cotton accounted for more than 25.0% share in 2018. Polyester is expected to exceed 20.0% share of the global revenue by the end of 2025
  • The commercial segment is expected to expand at the fastest CAGR of 4.7% from 2019 to 2025
  • North America accounted for a revenue share of over 30.0% in 2018
  • Online distribution channel is expected to register the highest CAGR of 5.0% from 2019 to 2025.

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

Blanket Product Outlook (Revenue, USD Billion, 2015 - 2025)

  • Mink
  • Fleece
  • Cotton
  • Polyester
  • Others

Blanket Application Outlook (Revenue, USD Billion, 2015 - 2025)

  • Household
  • Commercial

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

  • Hypermarkets & Supermarkets
  • Convenience Stores
  • Online

Blanket Regional Outlook (Revenue, USD Billion, 2015 - 2025)

  • North America
  • Europe
  • Asia Pacific
  • 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.

Ride Hailing Services Market to Showcase Healthy Expansion at 12.8% CAGR from 2019 to 2025

 The global ride hailing services market size is expected to reach USD 82.37 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 12.8% during the forecast period. Rising need to combat the rushing traffic coupled with pilling road taxes is expected to expand the scope of ride-hailing services. These rides are easily traceable and the contacts of both the passenger and driver are easily accessible. This factor is projected to bode well for the adoption of these services. Low cost of car ownership and growing employment opportunities is expected to open new avenues over the next few years.

In January 2019, TukTuk-Ride launched a new ride hailing service app for ten major cities in India. The consumers have to pay INR 14 per kilometer for cabs and INR 8 per kilometer for bike taxis. The organization is also planning to expand their services by incorporating luxury cars, vintage cars, e-bikes, deliver vehicles, and ambulances in the same service segment. Dallas-based Alto launched its ride hailing service in January 2019, through the funding of USD 14.5 million from companies including Road Ventures and Frog Ventures. The company will expand to more U.S. cities by the end of 2019.

Some of the automotive manufacturers are expected to enter the market to maintain their customer base over the next eight years. For instance, developing economies including China and India are expected to remain some of the favorable destination as a result of urbanization and expansion of middle-income population. Furthermore, other cab hailing services are entering the China ride sharing service market. For instance, in October 2018, SAIC Motor, Geely and Daimler jointly announced plans for new ride hailing services in China. Additionally, BMW initiated its premium service, ReachNow for China in January 2019. The new venture has a crew of drivers to chauffer rides in a fleet of 200 BMW 5 series. The organization plans to include Mercedes-Benz E-Class and Audi A6 in the fleet. The service will cost around USD 3 per kilometer.

In January 2019, Grab Holdings Inc. announced plans for commencing three new ride hailing services under the names, GrabShuttle, GrabCall, and GrabCall in Myanmar. GrabShuttle will be targeted at office workers and university students and GrabCall will allow booking cabs through call center agents. Grab Web Booking allows booking trips through online portals.

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

Further key findings from the report suggest:

  • E-hailing offering segment accounted for more than 50% of the market share in terms of revenue in 2018
  • Car rental offering segment is expected to register the fastest CAGR of 13.8% from 2019 to 2025
  • North America held a market share exceeding 35% in 2018 and is anticipated to register significant growth over the forecast period
  • Asia Pacific is expected to witness the fastest CAGR of 13.9% in the ride hailing services market during the forecast period

Grand View Research has segmented the global ride hailing services market on the basis of offering and region:

Ride Hailing Services Offering Outlook (Revenue, USD Million, 2015 - 2025)

  • E-hailing
  • Car Sharing
  • Rental

Ride Hailing Services Regional Outlook (Revenue, USD Million, 2014 -2025)

  • North America
  • Europe
  • Asia Pacific
  • 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.

Clove Cigarettes Market Overview, Analysis And Forecast To 2025: Grand View Research Inc.

 Clove Cigarettes Market Growth & Trends

The global clove cigarettes market size is expected to reach USD 135.1 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 4.5% during the forecast period. The market is majorly driven by the increasing product launches driven by the growing demand for machine-made clove cigarettes.

Consumers trying to quit smoking are more inclined toward consumption of clove cigarettes owing to less harshness, blend of different flavors, and presence of low tar nicotine. Gauging the consumer preference for lighter cigarettes, companies are focusing on product launches. For instance, in 2017, Sampoerna, a subsidiary of PHILIP MORRIS INTERNATIONAL MANAGEMENT introduced a new product named Platinum A. Some of the common flavors blended with cloves and tobacco include cherry, vanilla, strawberry, pineapple, grape, orange, menthol, cocoa, and licorice with an objective to bring uniqueness in the product.

The spicy flavor of cloves along with attractive packaging of these cigarettes significantly attracts young smokers. In 2017, more than 5 million people in Indonesia used consumed clove cigarettes. Rising consumption of clove cigarettes especially among the young population in Indonesia is expected to offer lucrative opportunities for the companies operating in the clove cigarettes market.

Machine rolled full flavored clove cigarettes accounted for more than 45% market share in 2018. Clove cigarettes containing the lowest level of tar and nicotine content as compared to the full flavored variant, which is one of the unique selling points of these products. Low tar nicotine clove cigarettes is expected to register a CAGR of 4.9% over the forecast period.

Female end user segment is expected to expand at a CAGR of 3.4% over the forecast period, attributed to rising number of women smokers in regions such as North America, Europe, and Central and South America. Russian females accounted for more than 57.0% of the market share in 2018. Maximum women prefer clove cigarettes due to the presence of mixture of different flavors reduce the harshness of the products.

Asia Pacific held the largest market share of more than 60% in 2018. The growth is majorly supported by the significant production and demand for clove cigarettes in Indonesia, which accounted for about 92% alone in 2018. APAC clove cigarettes market has witnessed significant rise in demand in the recent few years. With the rise in consumer disposable income along with their willingness to try out unique and premium variants can be attributed to the regional product demand.

Request a free sample copy or view report summary: Clove Cigarettes Market Report

Clove Cigarettes Market Report Highlights

  • APAC is estimated to expand at the fastest CAGR of 4.7% during the forecast period, driven majorly by the high demand from Indonesia
  • Machine rolled clove cigarettes together accounts for more than 80%, with full flavored category contributing a major share.
  • Some of the major players operating in the global clove cigarettes market include Philip Morris International Inc.; Gudang Garam; Nojorono Tobacco Indonesia; Japan Tobacco; British American Tobacco; and Wismilak Group

Clove Cigarettes Market Segmentation

Grand View Research has segmented the global clove cigarettes market on the basis of type, end user, and region:

Clove Cigarettes Type Outlook (Revenue, USD Million; 2015 - 2025)

  • Hand Rolled Clove Cigarette
  • Machine Rolled Full Flavored Clove Cigarette
  • Machine Rolled Low Tar Nicotine

Clove Cigarettes End User Outlook (Revenue, USD Million; 2015 - 2025)

  • Male
  • Female

Clove Cigarettes Regional Outlook (Revenue, USD Million; 2015 - 2025)

  • North America
    • US.
  • Europe
    • Russia
  • Asia Pacific
    • Indonesia
    • Singapore
    • Malaysia
  • 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.

Herbal Toothpaste Market Trends, Company Share, Industry Growth And Future Scope: Grand View Research Inc.

 Herbal Toothpaste Market Growth & Trends

The global herbal toothpaste market size is anticipated to reach USD 2.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.0% over the forecast period. Shifting consumer preference from chemical towards chemical free and natural products owing to growing awareness related to harmful effects of synthetic and chemical products on health is a main factor fueling the demand for herbal toothpaste.

Herbal Toothpaste Market

Colgate, one of the leading players in the oral care market, is witnessing high competition from players such as Patanjali Ayurved and Dabur India Limited. Other consumer good companies are also entering the natural product market. In 2015, HUL acquired Indulekha, a herbal product brand, for around INR 300 Crore to foray into the natural product market. In addition, the company has been investing in the market to develop various natural products, including herbal toothpaste, to meet the growing demand for natural product.

Hypermarket and supermarket held a leading share in 2018 and is expected to maintain its lead throughout the forecast period. Modernization of retail stores and setting up of supermarkets across China and India are anticipated to boost the segment growth. For instance, according to studies, there were around 500 supermarkets in 2006 and the number increased to around 8,500 stores in 2016. Increasing number of supermarkets, coupled with growing product visibility at these stores, is a key factor fueling demand for natural toothpaste over the forecast period.

The online retail segment is anticipated to expand at the fastest CAGR of 10.4% over the forecast period. Players including Patanjali and Durbar entered into a partnership with e-commerce giants such as Flipkart and Amazon. For instance, Patanjali Ayurved entered into a partnership with various online retailers including 1mg, Paytm Mall, BigBasket, Grofers, Shopcules, and Netmeds. The company’s aim was to make its complete range of consumer goods available online. Such initiatives are expected to fuel demand for herbal toothpaste over the forecast period.

Asia Pacific held a leading share of 90.0% in 2018. EMEA is expected to expand at the fastest CAGR of 9.6% over the forecast period. Shifting consumer preference from chemical to chemical free products is a key factor driving the demand for herbal toothpaste in the region. Increasing product visibility at online retail is expected to fuel demand for natural products, including toothpaste, in the upcoming years.

Some of the key players operating in the market are Patanjali Ayurved, Dabur India Limited, VICCO LABORATORIES, Colgate-Palmolive Company (India) Limited, Amway, Himalaya Wellness, Amorepacific, GlaxoSmithKline plc, leverayush, INC., and Procter & Gamble.

Request a free sample copy or view report summary: Herbal Toothpaste Market Report

Herbal Toothpaste Market Report Highlights

  • The market in India accounted for 21.0% share of the overall revenue owing to massive awareness campaigns by players such as Patanjali and Dabur
  • The market in China was valued at USD 778.1 million in 2018
  • The online retail segment is expected to witness the fastest growth owing to increasing adoption of this distribution channel by various market players
  • The global herbal toothpaste market is highly competitive in nature owing to presence of top players such as Patanjali Ayurved and Dabur India Limited.

Herbal Toothpaste Market Segmentation

Grand View Research has segmented the global herbal toothpaste market by distribution channel and region:

Herbal Toothpaste Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • General Store
  • Hypermarket & Supermarket
  • Pharmacy Store
  • Online Retail
  • Others

Herbal Toothpaste Regional Outlook (Revenue, USD Million, 2015 - 2025)

  • Americas
  • EMEA
    • Nigeria
  • Asia Pacific
    • China
    • India
    • Thailand
    • South Korea

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.

Friday, 9 October 2020

Sport Shoes Market Get Facts About Business Strategies by 2025

 The global sports shoes market size is expected to reach USD 25.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. The market is expected to witness significant growth owing to growing popularity of sports activities across the globe.

Sports Shoes Market

Men’s sports shoe dominated the global market and is expected to maintain its lead over the forecast period. Increasing popularity of outdoor games such as soccer and American football is expected to increase the demand for sports shoe over the forecast period. Sports clubs are spreading awareness among people by conducting events at various places across the world, which will have a positive impact on the market growth. For instance, in 2017, the National Football League (NFL) had organized four game events in London and around 84,500 fans came to watch the match between Jacksonville Jaguars and Baltimore Ravens at Wembley Stadium.

In 2018, the offline retail channel segment dominated the market, accounting for more than 80% share of the overall revenue. Increasing penetration of retail outlets in developing countries is one of the main factors driving the segment over the forecast period. For instance, in 2018, American multinational company, New Balance Inc., opened a new retail outlet in Riyadh to expand in Middle East.

Moreover, due to increasing awareness related to health and supportive government initiatives, many multinational companies are focusing on India and China to expand their reach in the market. For instance, the Khelo India program has been introduced to revive the sports culture in India at the grassroots level by building a strong framework for all the sports played in the country and establish India as a great sporting nation. Such initiatives are expected to have a positive impact on the market growth.

Asia Pacific is expected to expand at fastest CAGR of 5.2% over the forecast period. Increasing sports participation in India and China, growing spending power of consumers, and rising health awareness in the region are expected to have a positive impact on the growth of the market. Central and South America is expected to witness significant growth owing to growing popularity of football, American Football, and rugby.

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

Further key findings from the study suggest:

  • By gender, the kids segment is projected to expand at a CAGR of 5.0% over the forecast period
  • The offline retail channel segment dominated the global sports shoe market with an overall revenue share of 83.4% in 2018
  • The kids segment in U.S. was valued at USD 607.6 million in 2018 and is projected to witness significant growth in the next few years
  • North America was one of the prominent regional markets in 2018 and is expected to exhibit significant growth owing to increasing popularity of field sports at the national and international levels
  • The industry is highly competitive in nature due to presence of the main players including Nike, Inc.; Adidas Group; and Puma SE
  • Various manufacturers are concentrating on new product launches and product innovation to expand their consumer base.

Grand View Research has segmented the global sports shoe market on the basis of gender, retail channel, and region:

Sports Shoe Gender Outlook (Revenue, USD Million, 2015 - 2025)

  • Men
  • Women
  • Kids

Sports Shoe Retail Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • Offline
  • Online

Sports Shoe Regional Outlook (Revenue, USD Million, 2015 - 2025)

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

Jewelry Market is Expected To Develop at a CAGR of 8.1% from 2019 to 2025

 The global jewelry market size is expected to reach USD 480.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% over the forecast period. The market is expected to witness significant growth due to increase in disposable income and shift in consumer shopping preferences.

Golden jewelry

Ring accounted for the largest market share in 2018 owing to increasing consumer inclination towards elegant and stylish products. Rings are available in a variety of sizes and designs, thereby increasing their consumption among men as well. Additionally, many precious stones are discovered that can be mounted in the rings. This is expected to result in product innovation and drive the demand for rings in the forecast period.

Bracelets are expected to witness substantial growth over the projected period due to high popularity and availability. Bracelets have replaced bangles in daily wear and are seen as a style statement by majority of the working-class women. This shift in consumer perception related to jewelry products is expected to drive the overall demand.

Majority of the sales in the market were driven by gold and the maximum gold jewelry sales were recorded in China and India. Being the world’s largest jewelry market, China is the major consumer of gold and diamond. Increasing awareness among consumers related to various hallmarks to authenticate purity of gold is another factor boosting the growth of the gold jewelry. Sales of diamond jewelry are expected to increase at a significant rate owing to changing consumer lifestyle in the developed countries.

In 2018, Asia Pacific held the largest jewelry market share in terms of revenue due to the presence of the major players as well as high demand from countries like China, India, and Hong Kong. Asia Pacific is anticipated to witness substantial growth due to increasing disposable income of the population in this region. Changing fashion trends, along with awareness regarding authenticity of precious gems and metals, are the other factors propelling the market growth in this region.

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

Further key findings from the study suggest:

  • By material, platinum is expected to witness a decline in the forecast period owing to its costliness and increasing consumption of gold and diamond. However, its demand may increase in North America due to highly developed countries and rich lifestyle
  • The ring product segment dominated the jewelry market in 2018 due to its increasing consumption in day-to-day routine and introduction of a variety of engagement and wedding jewelry collections by major manufacturers
  • The industry is highly competitive in nature due to the presence of many key global players. The local players are expected to give stiff competition owing to their unorganized nature of sales
  • As a step towards diamond transparency and consumer loyalty, Tiffany & Co. has begun sharing the provenance of its newly sourced diamonds with the customers.

Grand View Research has segmented the global jewelry market on the basis of product, material type, and region:

Jewelry Product Outlook (Revenue, USD Billion, 2015 - 2025)

  • Necklace
  • Ring
  • Earrings
  • Bracelet
  • Others

Jewelry Material Type Outlook (Revenue, USD Billion, 2015 - 2025)

  • Gold
  • Platinum
  • Diamond
  • Others

Jewelry 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 Eyewear Market is Poised to Exhibit A Moderate 4.4% CAGR through 2025: Grand View Research Inc.

 The global sports eyewear market size is expected to reach USD 11.40 billion by 2025 registering a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Rising demand for lightweight goggles or sunglasses with dynamic designs is expected to be a key growth-driving factor for the market. The market is also driven by the shifting customer preferences owing to increasing awareness about safety during sports and physical activities. Customer acceptance for several types of safety, as well as fashionable, eyewear is fueling the demand further.

Sports Eyewear Market

In addition, rising awareness about the benefits of using sports eyewear during outdoor sports, physical activities is likely to contribute to the demand. Europe was the largest regional market in 2018 and accounted for a global share of 34.8%. Asia Pacific is expected to be the fastest-growing regional market with a CAGR of 5.4% from 2019 to 2025. Major companies are entering the lucrative markets of APAC region, such as India and China, to gain competitive edge and increase product penetration. For instance, in March 2019, Under Armour, Inc. opened retail outlet in India. According to the company, the country has huge growth potential owing to shifting focus of customers on health and wellness.

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

Further key findings from the study suggest:

  • In terms of revenue, ski sports is projected to be the fastest-growing application segment at a CAGR of 4.9% from 2019 to 2025
  • Offline distribution channel segment led the global sports eyewear market in 2018 and accounted for a volume share of 63.52%
  • Europe was the dominant regional market in 2018 and is likely to maintain its position throughout the forecast period
  • This growth is attributed to the rising awareness about health and wellness in countries including Germany, U.K., and France, which is promoting the spending on adventure sports including water sports and trekking
  • Key companies in the market include Luxotica Group SpA; Nike, Inc.; Adidas AG; Xenith, LLC.; Carl Zeiss AG; Marchon Eyewear, Inc.; MYKITA GmbH; Under Armour, Inc.; First Rank Co. Ltd.; Zoggs International Ltd.; Aqua Lung International; and Speedo International

Grand View Research has segmented the global sports eyewear market on the basis of application, distribution channel, and region:

Sports Eyewear Application Outlook (Revenue, USD Million, 2015 - 2025)

  • Outdoor Sporting & Traveling
  • Water Sports
  • Ski Sports
  • Others

Sports Eyewear Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • Offline
  • Online

Sports Eyewear 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.

Vegan Food Market Revenue is expected to Reach USD 24.06 Billion by 2025: Grand View Research Inc.

 The global vegan food market size is expected to reach USD 24.06 billion by 2025 registering a CAGR of 9.6%, according to a new report by Grand View Research, Inc. Rapidly growing vegan population across the globe is driving the market. Increasing awareness about the health benefits of plant-based products is also fueling the market growth. Furthermore, rising popularity of vegan diet among celebrities and athletes is expected to boost the growth further. Meat substitute products accounted for a significant market share. Seitan is expected to be the fastest-growing meat substitute product due to its high sodium and protein content than other substitutes, such as tempeh and tofu. Over the past few years, manufacturers in developed regions like North America and Europe have launched a variety of products, which is also likely to contribute to the market growth.

Olive = Charlie Richards

In April 2019, Linda McCartney Foods, a British food brand, launched meat-free sausages made from pea protein. In the same month, Veggie Grill, a U.S.-based restaurant chain, which serves only plant-based foods, planned to open 50 more outlets across the nation. In 2019, Grill'd, an Australian food chain specializing in burgers, introduced plant-based burger called Beyond Burger on account of increasing demand for plant-based burgers. In 2017, Danone, one of the leading dairy company, invested USD 60 million in the plant-based product segment to enhance its product portfolio. From 2014 to 2017, the share of plant-based meat-free new products has doubled in U.K. In 2018, U.K. became the leading economy in plant-based product launches. The number of product launches in this category increased by 200%.

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

Further key findings from the study suggest:

  • North America emerged as the largest regional market in 2018 and accounted for more than 31% of the overall share
  • On the other hand, Asia Pacific is projected to lead the global market expanding at the fastest CAGR of 12.1% from 2019 to 2025
  • Dairy alternatives was the leading product segment in 2018 and is projected to maintain its dominance throughout the forecast years
  • This growth can be attributed to the increasing cases of lactose intolerance, which, in turn, boost the demand for dairy alternatives
  • Online distribution channel is expected register the fastest CAGR of 10.1% from 2019 to 2025; however, offline channel segment will account for the largest revenue share of the global vegan food market
  • Some of the key competitors in the market are Amy’s Kitchen; Danone S.A.; The Archer Daniels Midland Company; Daiya Foods, Inc.; Tofutti Brands, Inc.; Plamil Foods Ltd.; VBites Foods Ltd; Eden Foods, Inc.; VITASOY International Holdings Ltd.; and Beyond Meat

Grand View Research has segmented the global vegan food market on the basis of product, distribution channel, and region:

Vegan Food Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Dairy Alternatives
  • Meat Substitutes
  • Others

Vegan Food Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • Offline
  • Online

Vegan Food Region 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.

Soup Market is Anticipated to Register 3.0% CAGR through 2025: Grand View Research Inc.

 The global soup market size is expected to reach USD 19.8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.0% over the forecast period. Growing demand for processed, ready to eat, and packed food and increasing women workforce are expected to increase the market demand in the upcoming years. In addition, increase in disposable income and changing consumer lifestyle in emerging economies including China and India are anticipated to increase the demand for soups.

Soup

Consumption of canned and dried soup products is increasing in North America and Europe, on account of continuous product innovation as per customer behavior and preferences. In addition, growing economic independence among women is increasing the consumption of packed and processed food products in the developed countries.

Soup being a healthy source of vitamins, minerals, nutrition, and protein serves as a prominent replacement for home cooked food. Therefore, this evolution in the working population is anticipated to significantly influence the demand for soup in future. Demand for soups in restaurants, food outlets, and food joints is expected to acquire a small market share due to growing consumer preference for ready to eat products and rising inclination towards healthy food habits.

Continuous use of cornstarch and salt in canned and dried soup products is expected to act as a restraining factor in the global market. High consumption of corn starch can lead to several health issues like increased level of blood sugar and blood pressure. However, continuous product development by companies such as Campbell Soup Company, which provides new flavors like roasted red pepper and tomato, butternut squash and sweet potato, and harvest carrot and ginger, is expected to influence the buying behavior of the younger population across the globe. The market leaders are focusing on developing new flavors and products in order to make their style statement in the market.

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

Further key findings from the study suggest:

  • By product, the canned segment is projected to expand at a CAGR of 3.2% over the forecast period. This is attributed to high consumption of processed food in developed countries, including U.S. and Germany
  • The dried product segment dominated the global market in 2018 with almost 60.0% share of the overall revenue. The growth is attributed to high vitamin and nutrient content in dried soup products in comparison with the other packed products
  • The offline distribution channel dominated the market in 2018, accounting for a share of almost 90.0% of the overall revenue as most of the products are purchased through supermarkets/hypermarkets, convenience stores, and ordered at restaurants/food joints
  • Europe dominated the global soup market in 2018, accounting for 39.6% share of the overall revenue. This trend is projected to continue over the next few years due to high preference for healthy food products in countries, including U.K., Germany, and France
  • The industry is highly competitive in nature due to presence of the main players including Baxters Food Group Limited.; Nestle; The Original Soupman; AMY's Kitchen Inc.; and Associated British Foods PLC.

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

Soup Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Canned
  • Dried
  • UTH
  • Others

Soup Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online

Soup 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.

Thursday, 8 October 2020

Sputtering Equipment Cathode Market Expected to Witness a CAGR of 4.9% through 2025: Grand View Research Inc.

 The Report Sputtering Equipment Cathode Market Size, Share & Trends Analysis Report By Product (Linear, Circular), By Region (North America, Europe, Central & South America, Middle East & Africa, Asia Pacific), And Segment Forecasts, 2019 - 2025

The global sputtering equipment cathode market size is expected to reach USD 1.23 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 4.9% over the forecast period. Increasing requirement for silicon wafers backed by the growing global electronics device demand is expected to positively impact the market growth.

Sputtering Equipment Cathode

Demand for sputtering equipment is projected to witness increasing demand from automobile industry as it leads to eco-friendly metallization with zero production of Volatile Organic Compounds (VOCs). In addition, it helps manufacturers replace costly metal parts with lightweight and inexpensive solution, which are coated with thin desired metals, thereby driving the demand for cathode.

The sputtering equipment cathode market exhibits high competition as a large number of key players offer a wide range of products to the end-use industries. Moreover, limited product differentiation coupled with availability of localized manufacturers is further expected increase competitiveness in the global market.

The market is anticipated to continue witnessing a number of technological developments pertaining to the physical vapor deposition process, which is primarily carried out by the use of the sputtering equipment. In addition, eco-friendly nature of the process coupled with introduction of specialized DC power based Physical Vapor Deposition (PVD) process is also anticipated to positively impact the market growth.

One of the latest innovations in magnetron sputtering includes confocal sputtering technique, which has enhanced the film uniformity. In addition, it has the capability of having multiple targets in the vacuum chamber leading to time and cost saving. These features are expected to bolster the demand for sputtering equipment especially in R&D applications, thereby driving growth of the cathode market.

Access Research Report of Sputtering Equipment Cathode Market https://www.grandviewresearch.com/industry-analysis/sputtering-equipment-cathode-market

Further key findings from the report suggest:

  • Circular cathode is expected to register the highest CAGR of 5.4% from 2018 to 2025, owing to the ability of this cathode to apply coatings to components with intricate design. Moreover, rising demand in semiconductor wafer application is expected to drive the growth
  • Linear cathode accounted for USD 203.4 million in terms of revenue in 2017. Higher sputter deposition rates enabled by the linear sputter magnetrons is expected to drive the growth in the years to come
  • China held the largest market share of over 37% in 2017 owing to the presence of robust manufacturing base majorly automotive and electronics manufacturers
  • Major companies operating in the sputtering equipment cathode market focus on expanding their production capacity through acquisition of local manufacturers and setting up of new facilities. They prioritize R&D to develop advanced processes to enhance the throughput.

Grand View Research has segmented the global sputtering equipment cathode market on the basis of product and region:

Sputtering Equipment Cathode Product Outlook (Revenue, USD Million, 2014 - 2025)

  • Linear
  • Circular

Sputtering Equipment Cathode Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

About Grand View Research

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

Aerospace Foam Market Expected to Collect USD 8.66 Billion by the End of 2025: Grand View Research Inc.

 The Report Aerospace Foam Market Size, Share & Trends Analysis Report By Type (Polyurethane, Polyethylene, Melamine, Metal, Polyimide, PET, PVC, Specialty High Performance), By Application, And Segment Forecasts, 2019 - 2025

The global aerospace foam market size is expected to reach USD 8.66 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at CAGR of 6.1% over the forecast period. Aerospace is one of the most attractive destinations for polymer foam manufacturers. Strong demand for next-generation commercial aircraft owing to the growing passenger traffic, especially in Asia Pacific and Middle East and Africa, is expected to drive the demand for polymer foam.

Aerospace Foam

According to the International Air Transport Association (IATA), the global passenger traffic is likely to grow at an annual compounded rate of 3.6% from 2016 to 2036 and reach 7.8 billion passengers by 2036. This is expected to result in higher production of commercial aircraft to meet the rise in passenger traffic.

Stringent regulations imposed by various government bodies to reduce CO2 emissions are driving growth of lightweight materials in aerospace applications. These regulations are forcing Original Equipment Manufacturers (OEMs) to seek alternatives to heavy metals to reduce the emissions and to increase fuel efficiency. This factor is anticipated to drive the demand for foam over the forecast period.

The aerospace and defense industry is increasingly making use of lightweight materials in an attempt to improve cost-efficiency and environmental performance of aircraft. Light-weight materials used in aircraft interiors, where fires are most likely to happen, must adhere to strict fire safety requirements certified for commercial airline structures.

For instance, the Federal Aviation Administration (FAA) has outlined safety requirements guidelines for flammability under FAR 25.856. Likewise, several aviation-based international governing authorities, such as the National Qualifications Authority (NQA), International Traffic in Arms Regulations (ITAR), and Aircraft Information Management Systems (AIMS) have framed safety requirements for airlines and aircraft structures.

Specialty high-performance materials are required to be used in the aerospace industry, where high strength and resistance is desirable. Polymethacrylimide foam, specialty high-performance material, is preferred in aviation applications on account of its rigidity, high compressive strength, and suitability to standard pre-preg production cycles.

Access Research Report of Aerospace Foam Marketwww.grandviewresearch.com/industry-analysis/aerospace-foam-market

Further key findings from the report suggest:

  • Polyetherimide foam is estimated to be one of the fastest growing types of aerospace foam over the forecast period
  • Commercial aviation was the largest application segment in 2017 and accounted for over 46% of global market share in terms of revenue
  • Polyurethane foam is the largest polymer type segment which is forecasted to attain a market share of over 38% by 2025
  • Some of the key players operating in the aerospace foam market are Evonik Industries AG; BASF SE; SABIC; and DowDuPont Inc.

Grand View Research has segmented the global aerospace foam market on the basis of basis of type, application and region:

Aerospace Foam Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • Polyurethane
  • Polyethylene
  • Melamine
  • Metal
  • Polyimide
  • PET
  • PVC
  • Specialty High Performance

Aerospace Foam Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

  • General Aviation
  • Commercial Aviation
  • Military Aircraft

Aerospace Foam Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

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

About Grand View Research

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

Silicone Market is Anticipated To Generate Significant Revenues by 2027: Grand View Research Inc.

 Silicone Market Growth & Trends

The global silicone market size is anticipated to reach USD 18.6 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.7% from 2020 to 2027. The growing demand for lightweight automotive materials to reduce the overall vehicular weight is expected to drive the market over the forecast period. The rising importance of liquid silicone rubber as Liquid Injection Molding System (LIMS) materials in wire harness for inducing an indispensable wiring system is also expected to drive the market. Furthermore, the growing demand for electroactive materials in the electrical industry will fuel market growth.

Silicone

On the basis of end-use, the market is segmented into electronics, transportation, construction, healthcare, personal care, and consumer goods, energy, industrial processes, and others. The electronics segment is expected to the fastest-growing end-use segment with a revenue-based CAGR of 5.1% over the forecast period. The rising application of silicone in the form of fluids, greases, oil compounds, varnishes, and rubbers in a broad range of electronic applications, such as protecting insulators from salt air damage, moisture-proofing of boards, modification of semiconductor encapsulating materials, and protecting the ends of heating element wires in printed circuit boards (PCBs), semi-conductors, electronic control units (ECUs), LED devices, and various ICT equipment, is contributing to the significant growth of the market over the forecast period.

Moreover, the positive outlook towards the energy sector, especially in the renewable energy sector such as wind energy and solar energy, has fueled the demand for silicone products in solar panel and wind turbine applications in the recent years. Countries such as the U.S., China, India, and Japan are significantly investing in clean energy to become self-sustained and low greenhouse emission countries. China’s investment in clean energy is the highest in the world. In 2019, China invested around USD 83.4 billion in clean energy research & development. The U.S. and Japan had the second - and third-highest clean energy investments that year. The positive outlook towards the renewable energy sector is expected to fuel the product demand in the coming years.

Request a free sample copy or view report summary: Silicone Market Report

Silicone Market Report Highlights

  • The North America silicone market was valued at USD 3.2 billion in 2019. In the U.S., the electrical and electronics sectors are estimated to witness rapid growth over the forecast period owing to the rising use of enhanced technologies, such as 4K Ultra HD and smart home technology
  • The elastomersproduct segment accounted for the largest revenue share of 41.4% in 2019 and is estimated to maintain its lead over the forecast period owing to rising demand for lightweight automobile parts
  • The fluids segment was the second-largest product segment in 2019 and is expected to expand at a healthy CAGR of 3.6% in terms of revenue over the forecast period owing to excellent thermos-oxidative resistance, shear stability, and low volatility and surface tension of fluids
  • The construction end-use segment is expected to gain a significant share in the market over the forecast period owing to rising product usage for waterproofing and in airtight gaskets in the construction industry.

Silicone Market Segmentation

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

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

  • Fluids
    • Straight Silicone Fluids
    • Modified Silicone Fluids
  • Gels
  • Resins
  • Elastomers
    • High-Temperature Vulcanized (HTV)
    • Liquid Silicone Rubber (LSR)
    • Room Temperature Vulcanized (RTV)
  • Others
    • Adhesives
    • Emulsions

Silicone End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • Electronics
  • Transportation
  • Construction
  • Healthcare
  • Personal Care and Consumer goods
  • Energy
  • Industrial Processes
  • Others

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

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • The U.K.
    • France
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • Central & South America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia

List of Key Players of Silicone Market

  • Shin-Etsu Chemical Co., Ltd.
  • Wacker Chemie AG
  • Evonik Industries AG
  • Elkay Chemicals Pvt. Ltd.
  • Supreme Silicones
  • Dow Inc.
  • KCC CORPORATION
  • Elkem ASA
  • Silchem Inc.
  • Specialty Silicone Products, Inc.

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.

Fetal Monitoring Equipment Market is Thriving $6.16 Billion Revenue by 2030: Grand View Research Inc.

  Fetal Monitoring Equipment Market Growth & Trends The global  fetal monitoring equipment market  size is anticipated to reach USD 6.16...