Soft Magnetic Materials Market Industry Analysis , Opportunity Assessment And Forecast Till 2027

 Soft Magnetic Materials Market Growth & Trends

The global soft magnetic material market size is anticipated to reach USD 26.12 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a revenue-based CAGR of 3.9% from 2020 to 2027. The rapid expansion in electricity grids and power distribution is anticipated to boost the demand in the market.

The demand for soft magnetic materials is driven by the phenomenal character of getting magnetized and demagnetized with ease. This characteristic is quite essential in electrical and electronic circuits as the magnetic energy is converted back to electrical energy easily before being reintroduced in the circuit. This is not possible in case of hard or permanent magnetic materials, as their magnetization and demagnetization require a large amount of energy. As a result, soft magnetic materials find applications in motors, transformers, generators, and others.

Motors held the largest volume share of the market in 2019. Soft magnetic materials are used in motors where they enhance the field produced by motor windings and channel the flux in permanent magnet motors. Electric motors have ample applications in machine tools, pumps, power tools, turbines, ships, mills, vehicles, home appliances, HVAC equipment, and medical equipment, among others. The use of motors in various industries is boosting its demand.

Electric vehicles are a prominent end-use segment of motors. The growing production of electric vehicles owing to environmental concerns related to conventional vehicles and government initiatives is anticipated to positively influence the demand for motors. Due to the growing demand, manufacturers are compelled to expand their motor production capacities.

For example, in February 2020, Nidec announced its intention to invest a sum of ¥200 billion (USD 1.8 billion) in EV powertrains rush. The investment of the company shall be split into three new plants in China, Poland, and Mexico. Together the three facilities are expected to produce 8.4 electric motors annually.

Electrical steel or silicon steel is the most prominent type of soft magnetic material and is used in transformers, motors, and generators. Owing to its high silicon content, it helps increase electrical resistivity thus, reducing eddy current losses. Grain-oriented silicon steel is preferred in transformers because of its orientation, which helps minimize magnetic losses.

Electrical steel has high demand in its end-use segments, which has propelled its production. For example, in January 2019, U. S. Steel Košice announced about building a new non-grain oriented electrical steel line in Kosice worth an investment of USD 130 million and an annual production capacity of 100 kilotons. The plant was expected to be operational by the fourth quarter of 2020. However, on account of the outbreak of COVID-19 virus across the world, the U.S. Steel Corporation had to take certain actions in order to preserve long-term growth, under which the above-mentioned investment remains delayed, as of March 2020.

Asia Pacific held the largest share of the market in 2019 and this trend shall continue over the forecast period, owing to increasing emphasis on power distribution, electric vehicle production, and growth in consumer goods and medical equipment in developing economies. Countries such as India have huge potential for investment as the electricity demand in the country is expected to reach over 15,000 TWh by 2040. The gradual shift towards renewable energy sources is another driving factor for the power sector, thus, a positive sign for market growth.

The competitive scenario of the market is high with the presence of various players, who are engaged in developing strategies in order to gain a competitive edge in the market. For example, in July 2019, Carpenter Technology announced that it shall help provide soft magnetic alloys for electric aircraft engine demonstrators. The company had made an investment of USD 100 million in a precision strip mill for expanding its soft magnetic capabilities for catering to the aerospace and other industries.

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Soft Magnetic Materials Market Report Highlights

• Middle East & Africa expected to register the fastest growth rate of 5.0% in terms of revenue over the forecast period, owing to the huge potential for the power sector to flourish in the region
• Asia Pacific constituted a volume share of over 46.0% in 2019 of the global market, which is attributable to the increasing manufacturing activities in terms of automotive, medical equipment, consumer goods, and infrastructure in developing economies of the region
• Motors is anticipated to witness the fastest growth rate of 4.1% in terms of revenue across the forecast period, considering its wide range of applications which is accelerating in electric vehicles and power distribution sectors
• Ferrites held a revenue share of over 12.0% in 2019 of the global market owing to their high cost than electrical steel
• The market growth is sluggish as of 2020 owing to the covid-19 pandemic, which has disrupted the manufacturing sector, where demand for soft magnetic materials exists. However, the demand in the healthcare sector persists, owing to increasing patients and their rising need for medical equipment such as ventilators.

Soft Magnetic Materials Market Segmentation

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

Soft Magnetic Materials Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Motors
• Transformers
• Alternators
• Others

Soft Magnetic Materials Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Electrical Steel
• Ferrite
• Permalloys
• Others

Soft Magnetic Materials Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • Turkey
• Asia Pacific
  • China
  • Japan
  • South Korea
• Central & South America
  • Brazil
• The Middle East & Africa

List of Key Players of Soft Magnetic Materials Market

• Arnold Magnetic Technologies
• GKN Sinter Metals Engineering GmbH
• Hitachi Metals Group
• JFE Steel Group
• Mahindra CIE
• MATE CO., LTD
• Meyer Sintermetall AG
• Sintered Specialties, LLC
• Steward Advanced Materials LLC
• VACUUMSCHMELZE GmbH & Co. KG

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.

Dunnage Packaging Market Trends Regulations And Competitive Landscape Outlook to 2027

 Dunnage Packaging Market Growth & Trends

The global dunnage packaging market size is projected to reach USD 4.8 billion by 2027 registering a CAGR of 6.1%, according to a new report by Grand View Research, Inc. Dunnage packaging is extensively used in end-user industries, such as aerospace, food & beverage, consumer durables. These industries implement a custom dunnage solution to modify the shape of the product/s packed, which not only safeguards the packed product but also helps in saving and optimizing the cargo space.

This type of packaging is predominantly used in automotive applications on account of the rising demand for eco-friendly and 360° product safety. Herein, corrugated paper- and foam-based packaging assist in preserving lightweight packaging while lowering the transportation and handling costs, and maintaining the structural integrity of automotive components.

On the basis of raw material, the corrugated plastic segment led the global market in 2019 and is projected to expand further at the fastest CAGR of 7.1% from 2020 to 2027. This can be attributed to the rising demand for the material as it is lightweight, highly durable, eco-friendly, and inexpensive. Corrugated plastic is extensively used in the electronics industry as the material can be molded into different sizes and shapes.

Asia Pacific is expected to be the largest as well as the fastest-growing regional market over the forecast years on account of rising product demand from the electronics, aerospace, and automotive end-use industries. Furthermore, rapid urbanization in countries, such as China, India, and Australia, has led to the increased consumption of FMCG, automotive, and consumer durable goods, which require dunnage packaging. This, in turn, will help boost the market growth.

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Dunnage Packaging Market Report Highlights

• In terms of revenue, the foam raw material segment is projected to ascend at a CAGR of 6.8% over the forecast period
• Foam packaging solution offers Class A surface protection, cushioning support, and vibration & shock protection, which, in turn, is projected to augment the demand for foam-based dunnage solutions
• The electronics application segment is estimated to register the fastest CAGR from 2020 to 2027
• Growing demand for thermoplastics, fabric, and foams-based dunnage solutions to pack distinguished electronic components, on account of the product’s ability to impart anti-static, conductive, or static dissipative properties, is likely to fuel the segment growth
• Asia Pacific is expected to witness the fastest growth during the forecast period due to rising sales and consumption of automotive vehicles
• In June 2020, Reusable Transport Packaging published a first-of-its-kind all-inclusive analysis of the Reusable Transport Packaging (RTP) industry, named- the 2020 State of the Reusable Packaging Industry Report
• On account of the growing interest in sustainability in transportation & logistics packaging, the company attempts to help manufacturers and service providers to grasp a holistic view of eco-friendly processes, packages, products, and distribution practices

Dunnage Packaging Market Segmentation

Grand View Research has segmented the global dunnage packaging market on the basis of raw material, application, and region:

Dunnage Packaging Raw Material Outlook (Revenue, USD Million, 2016 - 2027)

• Corrugated Plastic
• Moulded Plastic
• Aluminium
• Steel
• Fabric
• Corrugated Paper
• Wood
• Foams
• Others

Dunnage Packaging Application Outlook (Revenue, USD Million, 2016 - 2027)

• Automotive
• Aerospace
• Electronics
• Food & Beverage
• Consumer Durables
• Healthcare
• Others

Dunnage Packaging Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Dunnage Packaging Market

• ORBIS Corporation (Menasha Corporation)
• Corplex (DS Smith)
• NEFAB GROUP
• UFP Technologies, Inc.
• Reusable Transport Packaging
• Amatech Inc.
• MJSolpac Ltd.
• Ckdpack
• GWP Group
• Interior Packaging Design, LLC
• Packaging Corporation of America
• Dunnage Engineering
• Salco Engineering and Manufacturing Co., Inc.
• Package Design & Mfg
• KEENER Corporation
• JIDA Industrial Solutions
• Artisanz Fabrication and Machine, LLC
• Schoeller Allibert

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.

Dietary Fibers Market Expected to Deliver Dynamic Progression Until 2027

 Dietary Fibers Market Growth & Trends

The global dietary fibers market size is projected to reach USD 78.9 billion by 2027 registering a CAGR of 8.9%, according to a new report by Grand View Research, Inc. The rising prevalence of health diseases, including obesity, diabetes, and digestive problems has resulted in the increasing demand for insoluble dietary fibers in food & beverage products, which is likely to augment the overall market growth.

Owing to various lifestyle problems stemming from an imbalanced diet, the importance of nutrition-rich products, such as foods and beverages rich in vitamins, fibers, omega fatty acids, and proteins, has increased. This is projected to offer growth opportunities for the market players over the coming years. Furthermore, fiber-fortified beverage and food products are becoming popular among consumers of distinguished age groups across the globe.

Key players, such as The Quaker Oats Company, KIND, and Purely Elizabeth, are adding insoluble and soluble dietary fibers in their food products, including cereals, processed juices, ice creams, energy bars, and yogurts. These factors, along with the rising functional food industry, are projected to augment the market growth over the forecast period.

Dietary fibers are majorly used in the food & beverage application segment, which is projected to register the fastest CAGR of 9.3%, in terms of revenue, from 2020 to 2027. The rising demand for powdered cellulose and cellulose gum & gel in the manufacturing of various products, such as spice mix, powdered beverage mixes, sauces, and frozen desserts, is likely to drive the market over the upcoming years.

Asia Pacific is anticipated to exhibit the fastest CAGR from 2020 to 2027 on account of the growing demand for fiber supplements and a rise in demand for the product in animal feed and pharmaceutical applications. In addition, increasing innovations in dietary fiber-based supplements to provide new flavors and combinations, including cranberry lemon drizzle and cinnamon oatmeal raisin, are expected to boost the market growth over the forecast period.

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Dietary Fibers Market Report Highlights

• In terms of revenue, fruits & vegetables is estimated to be the fastest-growing raw material segment over the forecast period
• Rising awareness regarding the importance of consumption of fruits & vegetables in the daily diet is likely to augment the growth of this segment over the upcoming years
• Soluble fibertype segment led the market in 2019 and accounted for more than 56% of the global volume share
• Rising awareness about the health benefits of consuming soluble dietary fiber-rich foods, such as reduced risks of asthma, heart diseases, and cancer, is projected to spur the segment growth
• North America is expected to witness a steady growth owing to ascending demand for functional foods and beverages from the U.S., Canada, and Mexico
• In addition, rising consumer awareness regarding the significance of fibrous foods, including whole grain, wheat bran, maize, and rice, is likely to support market growth in the region over the next few years
• In March 2020, BENEO GmbH announced the capacity expansion of its Chile-based chicory root manufacturing facility by the year 2022. The company invested over USD 55.5 million to cater to the rising demand for BENEO’s oligofructose and inulin, obtained from chicory root fibers, from food & beverage manufacturers across the globe

Dietary Fibers Market Segmentation

Grand View Research has segmented the global dietary fibers market on the basis of raw material, product, application, and region:

Dietary Fibers Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Fruits & Vegetables
• Cereals & Grains
• Legumes
• Nuts & Seeds

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

• Soluble Dietary Fibers
  • Inulin
  • Pectin
  • Beta-Glucan
  • Corn Fibers
  • Others
• Insoluble Dietary Fibers
  • Cellulose
  • Hemicellulose
  • Chitin & Chitosan
  • Lignin
  • Oat Bran
  • Wheat Fiber
  • Others

Dietary Fibers Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Food & Beverages
• Pharmaceuticals
• Animal Feed
• Others

Dietary Fibers Regional Outlook (Volume, Kilotons, Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Dietary Fibers Market

• BENEO
• ADM
• Lonza
• Cargill, Incorporated
• DuPont
• Ingredion Incorporated
• Roquette Frères
• Puris
• Emsland Group
• Kerry Inc.
• The Green Labs LLC
• Nexira
• Tate & Lyle
• Farbest Brands
• RETTENMAIER & SÖHNE GmbH + Co KG
• Taiyo International
• AGT Food and Ingredients
• Batory Foods

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.

Airless Packaging Market to Expand with Significant CAGR During 2020 – 2027: Grand View Research Inc.

 Airless Packaging Market Growth & Trends

The global airless packaging market size is expected to reach USD 8.1 billion by 2027, according to a new report by Grand View Research, Inc., expanding a CAGR of 6.0% over the forecast period. Growing demand for premium cosmetics and increasing demand for airless packaging and industrial products are key factors augmenting the market growth. Premium cosmetic products contain active ingredients in their formulations and often get contaminated when exposed to oxygen; thus, to protect the integrity of the packed products, cosmetic manufacturers mainly opt for airless packaging solutions.

Furthermore, as premium cosmetic products are considerably expensive, consumers prefer using completely natural products. Thus, to enable easy, hassle-free, and complete product evacuation, cosmetic manufacturers opt for airless tubes, bottles, jars as they ensure nearly 95% product evacuation from airless containers. Most of the dermal drugs are offered in semisolid formulations, such as lotions, creams, ointments, gels, pastes, or foams, and plastic and metal tubes are often preferred for their packaging owing to their low cost and compact size.

However, non-airless packaging provides limited protection against air and light resulting in evaporation and degradation of the packed product. Therefore, dermal drug manufacturers are increasingly opting for airless packaging, which restricts the contamination of dermal formulation from environmental exposure. Declining demand for luxurious products due to changing income patterns is expected to negatively impact the market growth in 2020 since the packaging mostly utilized for premium cosmetics.

Furthermore, to curb the price of the product, personal care manufacturers are expected to opt for low-cost packaging in place of airless packaging over a shorter term, which, in turn, is likely to have a negative impact on the market. The plastic was the leading material type and accounted for over 63.26% of the total market revenue in 2019. Various types of plastic resins, including PE, PET, ABS, PMMA, and SAN, are widely utilized for manufacturing plastic-based airless bottles, jars, and tubes.

The demand for plastic is high as these materials are lightweight, easy to mold, and cost-effective compared to other materials. The market players are also increasing focus on sustainable production owing to the increasing demand for sustainable packaging solutions in recent years. This demand is also fueled by the increasing implementation of regulations regarding the processing & recycling of raw materials, particularly plastic.

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Airless Packaging Market Report Highlights

• The plastic segment accounted for the largest market share of 63.26%, in terms of revenue, in 2019, owing to high demand as these materials are lightweight, easy to mold, and cost-effective
• The bags & pouches product type is anticipated to register the fastest CAGR of 6.6% from 2020 to 2027. Increasing demand for flexible, portable, and pocket-friendly products is the key factor contributing to the segment growth
• The pharmaceutical application segment is expected to witness substantial growth from 2020 to 2027. The growth can be attributed to growing awareness about skin diseases and rapid development and approval of dermal drugs by regulatory bodies, such as the FDA
• Europe emerged as the leading regional market and accounted for over 34% of the total revenue share in 2019
• The growth is attributed to the presence of key global cosmetics and dermatological drugs manufacturers, such as L’Oréal, Beiersdorf, Chanel, Unilever, and LVMH, in the region
• The market is moderately fragmented with the presence of key players and a smaller number of medium-scale companies
• The market players adopt various competitive strategies, such as regional expansion, mergers & acquisitions, and emphasis on research & development activities

Airless Packaging Market Segmentation

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

Airless Packaging Material Outlook (Revenue, USD Million, 2016 - 2027)

• Glass
• Plastic
• Metal

Airless Packaging Product Outlook (Revenue, USD Million, 2016 - 2027)

• Bottles & Jars
• Bags & Pouches
• Tubes

Airless Packaging Application Outlook (Revenue, USD Million, 2016 - 2027)

• Personal Care & Homecare
• Pharmaceutical
• Pet care
• Others

Airless Packaging Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Airless Packaging Market

• AptarGroup, Inc.
• Silgan Holdings Inc.
• Quadpack
• ALBEA S.A.
• HCP Packaging

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.

Iron Ore Pellets Market Set to Record Exponential Growth by 2027

 Iron Ore Pellets Market Growth & Trends

The global iron ore pellets market size is expected to reach USD 63.52 billion by 2027, expanding at a CAGR of 3.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. The product demand is predicted to be largely driven by rising steel production in Asia Pacific.

Iron ore pellets are an important source for steel manufacturing. Rapid industrialization and urbanization in emerging economies of Asia Pacific since the past few years have stimulated the production of steel. This has caused a surge in demand for iron ore pellets in the region.

The product is mainly used in captive form by large integrated steel producers. However, there is ample potential for seaborne trade of the product as cross country trade is expected to rise over the coming years owing to rising demand from Asia Pacific and Middle East and Africa.

China dominates the market owing to huge steel production capacity in the country. However, emerging economies such as India, Vietnam, Myanmar, Philippines, and Indonesia are expected to witness significant growth as these countries are posing a significant challenge to the Chinese steel producers owing to their comparatively lower labor costs and supportive government policies.

Major players in the industry include multinational companies such as Vale, Rio Tinto, and BHP Billiton. Rio Tinto surpassed Vale as the leading global supplier of iron ore as well as its pellets in the first quarter of the year 2020 as Vale witnessed a sharp decline in iron ore output due to a deadly dam burst owned by Vale in 2019.

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Iron Ore Pellets Market Report Highlights

• Asia Pacific acquired the largest volume share of 52.3% in 2019. This can be attributed to a large steel production base in China
• By product, direct reduced pellet is anticipated to exhibit the fastest CAGR of 3.8% from 2020 to 2027 in terms of revenue owing to rising penetration of direct reduction production method
• Based on trade, the captive segment dominated the market with a volume share of 70.8% in 2019 owing to a large number of integrated steel plants across the globe
• Middle East and Africa is expected to expand at a significant CAGR of 3.1% from 2020 to 2027 in terms of revenue owing to several economic diversification programs implemented by Middle Eastern and North African countries
• The global market is highly competitive with Vale and Rio Tinto leading in terms of production capacity and market share.

Iron Ore Pellets Market Segmentation

Grand View Research has segmented the global iron ore pellets market report on the basis of product, trade, and region:

Iron Ore Pellets Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Blast Furnace (BF) Iron Ore Pellet
• Direct Reduced (DR) Iron Ore Pellet

Iron Ore Pellets Trade Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Captive
• Seaborne

Iron Ore Pellets Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Iron Ore Pellets Market

• Vale
• Rio Tinto
• Cleveland-Cliffs
• BHP Billiton
• US Steel
• Fortescue Metals
• ArcelorMittal
• Bahrain Steel
• LKAB
• NMDC Limited

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.

Attractive Market Opportunities in the High Performance Adhesives Market by 2027

 High Performance Adhesives Market Growth & Trends

The global high performance adhesives market size is anticipated to reach USD 40.7 billion by 2027, expanding at a revenue-based CAGR of 3.5%, according to a new report by Grand View Research, Inc. The market is predicted to grow owing to rising demand from the healthcare sector. High performance adhesives offer exceptional mechanical and physical properties that make them suitable for high-end applications such as medical, construction, engineering, and transportation. The medical application is poised to witness significant growth as the product is being increasingly used for medical devices as well as for internal medical applications.

The emergence of COVID-19 pandemic in first quarter of 2020 has showed the countries across the globe, the prominence of robust healthcare infrastructure. Therefore national governments as well as international institutions have outlined strategic plans to bolster healthcare infrastructure over the coming years. This is anticipated to create opportunities for vendors in the market.

The consumption of the product is largely dominated by the building and construction industry. Emerging economies such as India, China, and Indonesia are currently spending substantial resources in the development of new infrastructure and construction projects. Therefore the consumption of high performance adhesives in these countries have witnessed significant growth since the past few years.

Major players in the market are planning to expand their business in relatively untapped markets such as Middle East and Africa and Asia Pacific. For instance, in May 2019, Sika acquired Parex, a construction adhesives manufacturer to expand Sika’s business by leveraging the strong distribution channel of Parex in China.

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High Performance Adhesives Market Report Highlights

• Asia Pacific dominated the market with a volume share of roughly 45.0% in 2019. This high market share can be attributed to expanding construction sector in the region
• Medical application is predicted to witness the fastest CAGR of 4.9% from 2020 to 2027, in terms of revenue, due to increasing healthcare spending across the globe
• Acrylic dominated the market with volume share of 36.4% in 2019 owing to superior mechanical properties provided by the product at a reasonable cost
• Water based technology is projected to witness the fastest CAGR of 4.1%, in terms of revenue, from 2020 to 2027 owing to its environmentally friendly nature
• The market is highly fragmented in nature with few large players such as Henkel, H.B. fuller, and Bostik AG.

High Performance Adhesives Market Segmentation

Grand View Research has segmented the global high performance adhesives market on the basis of product, technology, application, and region:

High Performance Adhesives Product Outlook (Volume, Kilotons;Revenue, USD Million, 2016 - 2027)

• Acrylic
• Polyurethane
• Epoxy
• Silicone
• Others

High Performance Adhesives Technology Outlook (Volume, Kilotons;Revenue, USD Million, 2016 - 2027)

• Water based
• Solvent based
• Hot melt
• Reactive & others

High Performance Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Construction
• Packaging
• Transportation
• Electrical & electronics
• Medical
• Others

High Performance Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

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

List of Key Players of High Performance Adhesives Market

• Henkel AG & Co. KGaA
• B. Fuller
• Bostik
• 3M
• Avery Dennison Corporation
• Dow
• Sika AG
• Ashland
• Wacker Chemie AG
• Jowat SE

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.

Precision Guided Munition Market Expected To Trigger A Revenue To USD 46.7 Billion By 2027

 Precision Guided Munition Market Growth & Trends

The global precision guided munition market size is expected to reach USD 46.7 billion in 2027, expanding at a CAGR of 5.6% from 2020 t-2027, according t-a new report by Grand View Research Inc. Growing need for extremely accurate munitions for target attacking is anticipated t-increase the demand for precision guided munitions. Moreover, enhancements in precision attacking are likely t-support the market growth.

Growing political and territorial conflicts between major economies are likely t-encourage the enhancements of their respective military and army operations. Precision attacking techniques are used in the army, air force, and naval forces, thus are likely t-drive the market for precision guided munitions over the forecast period.

Technological advancements in attacking components including missiles, rockets, mortars, artillery shells, bombs, and bullets t-incorporate advanced positioning technologies are expected t-enhance the market growth. Global Positioning System (GPS) and semi-active lasers systems are popular positioning techniques t-keep track of the targeted location for the attack.

Prominent players are investing heavily in R&D activities t-develop advanced technology war equipment. Moreover, ammunition manufacturers are focusing on the installation of a guiding mechanism in the components.

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Precision Guided Munition Market Report Highlights

• By product, tactical missiles are projected t-witness significant growth over the forecast period on account of their increasing usage in all types of attacking mechanism. Surface t-surface and air t-air tactical missiles are gaining popularity in the warfare equipment
• In U.S., the market size was valued at USD 4.80 billion in 2019 and is expected t-witness considerable growth over the forecast period owing t-increasing expenditures on military upgrade and enhancement in the attack equipment
• Based on technology, the Global Positioning System (GPS) led the market in 2019 and is expected t-witness the highest growth over the forecast period on account of its prominent location tracking for the war equipment
• In 2019, semi-active laser positioning technology accounted for the second largest share owing t-its prominence in the target positioning. Modern missiles and rockets are installed with these positioning mechanisms for guidance t-the exact location
• Conflicts between U.S. and Iran are anticipated t-enhance the military capabilities of the respective economies. This is expected t-drive the market for precision guided munition in the foreseeable future.

Precision Guided Munition Market Segmentation

Grand View Research has segmented the global precision guided munition market on the basis of product, technology, and region:

Precision Guided Munition Product Outlook (Revenue, USD Million, 2016 - 2027)

• Tactical Missile
• Guided Rockets
• Guided Ammunition
• Loitering Munition

Precision Guided Munition Technology Outlook (Revenue, USD Million, 2016 - 2027)

• Infrared
• Semi-active Lasers
• Inertial Navigation System (INS)
• Global Positioning System (GPS)
• Radar Homing
• Anti-Radiation
• Others

Precision Guided Munition Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Companies in the Precision Guided Munition Market

• Atlas Elektronik
• Raytheon
• Thales Group
• BAE Systems
• Northrop Grumman
• General Dynamics
• Elbit Systems 

About Grand View Research

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

Automotive Turbochargers Market Expected to Collect USD 27.33 Billion by the End of 2027: Grand View Research Inc.

 Automotive Turbochargers Market Growth & Trends

The global automotive turbochargers market size is expected to reach USD 27.33 billion by 2027, registering a CAGR of 8.9%, according to a new report by Grand View Research Inc. Rising trend of engine downsizing across the globe in a bid to improve fuel efficiency of vehicles is expected to drive the market growth.

Governing bodies across the world are employing stringent automotive emission norms to curb the rapidly rising environmental damage. This factor is expected to boost the demand for automotive turbochargers since it is an eco-friendly device that aids in realizing fuel economy across several vehicle types.

Key players are investing in R&D to improve turbocharger performance in order to cater to further advancements for downsized diesel and gasoline engines. In addition, they are employing efforts to improve the fuel economy in hybrid vehicles and develop turbochargers for next-gen fuel cell vehicles.

Industry participants are trying to enhance profitability by increasing sales through high add-value turbochargers. In addition, they are employing efforts to secure volume sales of vehicle turbochargers capturing demand for fundamental product-lineup steadily, thereby providing a stimulus to overall market growth.

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

Automotive Turbochargers Market Report Highlights

• Other fuel type segment which includes CNG, fuel cells, and other fuel alternatives is expected to expand at a CAGR of over 15.1% during the forecast period, owing to emerging trend of hybrid and fuel cell vehicles
• Gasoline fuel segment accounted for majority of the demand for automotive turbochargers in 2019 on account of shift of light weight vehicles toward direct gasoline engines
• Heavy commercial vehicles segment is expected to witness a notable CAGR of over 9.1% over the forecast period on account of high aftermarket demand for heavy commercial vehicles turbochargers
• In terms of revenue, Asia Pacific stood at USD 3.41 billion in 2019 and is projected to expand at a CAGR of 11.1% over the forecast period on account of rising automotive production levels in the region
• Key market players are investing in development of fuel cell turbochargers to capture the rapidly growing fuel cell vehicles market, which in turn is expected to drive the overall growth over the forecast period

Automotive Turbochargers Market Segmentation

Grand View Research has segmented the global automotive turbochargers market on the basis of fuel type, vehicle types, and region:

Automotive Turbochargers Fuel Type Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Gasoline
• Diesel
• Other

Automotive Turbochargers Vehicle Type Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Automotive Turbochargers Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Central & South America (CSA)
  • Brazil
  • Argentina
• Middle East & Africa (MEA)

List of Companies in the Automotive Turbochargers Market

• Honeywell (U.S.)
• BorgWarner (U.S.)
• MHI (Japan)
• IHI (Japan)
• Continental (Germany)
• Bosch Mahle (Germany)
• Cummins (U.S.)
• ABB (Switzerland)

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.

Bioplastics Market Latest Trends, Industry Growth And Forecast To 2027: Grand View Research Inc.

 Bioplastics Market Growth & Trends

The global bioplastics market size is expected to reach USD 26.0 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 16.1% over the forecast period. Increasing environmental concerns, favorable government initiatives, and rising consumer awareness about the sustainable and eco-friendly products are expected to drive the demand for bioplastics.

They are majorly utilized as an environmentally friendly alternative to conventionally produced plastics for use in various application segments including packaging, agriculture, consumer goods, textile, automotive & transportation, and building & construction. Thus, environmentally friendly properties of these products along with growing demand from flexible packaging applications are also estimated to drive the market growth.

According to European Bioplastics e.V global production capacity of bioplastics was 2.1 million kilotons in 2019, which is expected to reach 2.4 million kilotons by 2024. In terms of volume, non-biodegradable product segment accounted for the maximum share in 2019. It is anticipated to continue its dominance over the forecast years due to high demand for electronic equipment, automotive housings, and consumer goods, such as carry bags, films, and bottles.

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Bioplastics Market Report Highlights

• Key raw materials utilized in the production of bioplastics includes renewable biomass sources, such as vegetable fats and oils, straw, corn starch, woodchips, recycled food waste, sawdust, and various others
• In terms of volume, non-biodegradable product segment accounted for prominent share in the market in 2019 and is further expected to witness steady growth over the forecast period
• Packaging application segment dominated the global market in 2019 and accounted for more than 62% of the market revenue share
• Europe led the global market in 2019 and held more than 44% of the total share. The regional market will retain its dominant position throughout the forecast years

Bioplastics Market Segmentation

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

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

• Biodegradable
  • Polylactic Acid
  • Starch blends
  • Polybutylene Adipate Terephthalate (PBAT)
  • Polybutylene Succinate (PBS)
  • Others
• Non-biodegradable
  • Polyethylene
  • Polyethylene Terephthalate
  • Polyamide
  • Polytrimethylene Terephthalate
  • Others

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

• Packaging
• Agriculture
• Consumer goods
• Textile
• Automotive & Transportation
• Building & Construction
• Others

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

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

List of Key Players of Bioplastics Market

• Teijin Ltd.
• Toray Industries
• Toyota Tsusho
• M& G Chemicals
• PTT Global Chemical Public Company Ltd.
• Showa Denko K.K.
• NatureWorks LLC
• SABIC
• BASF SE
• Futerro SA
• E. I. du Pont de Nemours and Company
• Braskem
• Corbion N.V.
• Galactic
• Solvay SA

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.

Pea Starch Market Revenue Sales to Reach USD 80.8 Million by 2025: Grand View Research Inc.

 Pea Starch Market Growth & Trends

The global pea starch market size is expected to reach USD 80.8 million by 2025, expanding at a revenue-based CAGR of 5.8% over the forecast period, according to a new report published by Grand View Research, Inc. The growth is majorly driven by the rising demand from nutraceuticals industry coupled with growing consumer inclination toward non-GMO and gluten free diets.

Pea starch is mostly accessible as a by-product of protein extraction. As a result, it is considered to be an economical source of starch as opposed to wheat, potato, and corn starches. Furthermore, growing demand of pea starch from the sum of applicable industries and augmented manufacturing of pea is also anticipated to propel the market growth. However, rising occurrence of retrogradation effects of the functional characteristics of pea starch, may significantly hinder the market growth.

Pea starch is considered to be gluten free as well as non-GMO. It is different from other native starches as it has high amylose content. It can also form a gel in water at a much lower dosage than other variants. It is considered to be an ideal ingredient for food products that require less elastic texture for gums, meats, extruded cereals, coatings, and others.

On the basis of type, the market is segmented into food grade, feed grade, and industrial grade. The product has been progressively used in foods grade segment on account of its capability to supplement protein content in foods, which makes it best for soups and sauces, confectionery, noodles, pastas, meat bakery, and sea foods, among other applications. The market is strengthened as a thickening, texturing, and gelling agent in the production of bakery goods like dressings, cakes, and desserts on account of its encompassing gluten-free properties.

On the basis of application, the market is segmented into food and beverage, animal feed, paper, pharmaceuticals, and textiles segments. Food and beverage segment held a dominant market share of 39.19% in 2018. The product is widely used in food and beverage items, such as confectionary, pasta, dairy, snacks, bakery products, soups and sauces, potato products, poultry, meat, and fish, as a binding and thickening agent. Growing population along with rising demand for healthy food products with good taste and texture is a key factors positively influencing market growth.

Asia Pacific is anticipated to hold a significant market share over the upcoming years especially in the developing markets, such as India and China. Moreover, allergen-friendly food products are projected to enhance growth of the regional market in near future. Favorable regulations in China and India aimed at agricultural industry growth will result in sufficient raw material supply for pea starch producers during the forecast period.

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

Pea Starch Market Report Highlights

• Food grade segment is likely to register a CAGR of 5.1% in terms of revenue, from 2019 to 2025. Food grade pea starch offers thickening, gelling, texturing, and binding properties that find application in the food processing industry
• The food and beverages end-use segment is expected to expand at a CAGR of 6.3% in terms of revenue, over the forecast period. Busy consumer lifestyle coupled with hectic schedules have led consumer to search for convenience and ready to eat meals
• Distribution agreements, product innovations, and strong marketing strategies are the key methods adopted by the market players to expand their competitive positions and visibility in the market
• Some of the major participants in the pea starch market are Cargill Inc.; Roquette; Emsland Group; American Key Products; Sanstar Bio-Polymers; Vestkorn; and Parrheim Foods

Pea Starch Market Segmentation

Grand View Research has segmented the global pea starch market report on the basis of type, function, end use, and region:

Pea Starch Type Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

• Feed
• Food
• Industrial

Pea Starch Function Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

• Binding & Thickening
• Gelling
• Texturizing
• Film Forming
• Others

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

• Food & Beverage
• Animal Feed
• Paper
• Pharmaceutical
• Textiles

Pea Starch Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

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

About Grand View Research

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

Air Cushion Packaging Market Significant Profits Estimated to be Generated by 2025

 The global air cushion packaging market size is projected to be valued at USD 4.4 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 7.0% over the forecast period. This growth in demand can be attributed to rising importance of high degree of protection of goods from harsh transit conditions and surfaces, along with offering flexibility in various other applications.

Air cushions are dual-material custom packaging solutions usually made up of polyethylene and filled with air. Consumer shift from using bubble wraps to air cushions for packing has been observed in recent years, majorly due to their sustainability and ease of use. Air pillows also take up less of space in warehouses, thus reducing storage cost and improving optimal usage of space.

Based on functionality, void filling is the dominant segment and is expected to witness strong growth over the forecast period. Air cushions are the optimal solution for closing up gaps between secondary and tertiary packaging. In addition, they offer flexibility to control the air pressure inside the packing depending on its application.

In terms of end-user application, the consumer electronics and appliances segment is anticipated to register a CAGR of 8.0% during the forecast period. Soaring online sales of consumer electronics through various e-commerce websites is the primary factor driving this segment. Electronics require high levels of protective packaging due to their fragility.

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

Further key findings from the report suggest:

• The global air cushion packaging market is anticipated to reach USD 4.4 billion by 2025, on account of increasing demand for protective packing solutions from vendors trying to minimize transit damage losses
• Void filling functionality is expected to be the fastest growing segment, which can be attributed to growing use of dual packaging solutions used by vendors to minimize cost of product delivery and lower the chances of returns from customers
• The beauty and personal care end-user segment held the dominant share in 2018 and will amount to USD 965.3 million in 2025. An increasing number of consumers have been purchasing personal care products online, which spurs the demand for effective packing solutions
• Asia Pacific emerged as the largest regional market. This growth can be attributed to increasing awareness among consumers toward environmental sustainability and adopting mechanisms and materials that cause minimal damage to the environment
• The vendor landscape is fragmented with the presence of numerous participants. Key players operating in the market include Pregis; Sealed Air Corp; 3G Packaging Inc.; Abriso NV; Atlantic Packaging; and Shandong Xinniu.

Grand View Research has segmented the global air cushion packaging market on the basis of functionality, end user, and region:

Air Cushion Packaging Functionality Outlook (Revenue, USD Million, 2014 - 2025)

• Void Filling
• Block & Bracing
• Wrapping
• Corner Protection

Air Cushion Packaging End-user Outlook (Revenue, USD Million, 2014 - 2025)

• Consumer Electronics & Appliances
• Home Décor & Furnishings
• Beauty & Personal Care
• Food & Beverages
• Pharmaceutical & Medical Devices
• Others

Air Cushion Packaging Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

Aluminum Foil Packaging Market Set to Witness an Uptick during 2019 to 2025: Grand View Research Inc.

 The global aluminum foil packaging market size is estimated to reach USD 46.19 billion by 2025, exhibiting a revenue-based CAGR of 4.0% over the forecast period, according to a new report published by Grand View Research, Inc. Increasing demand for packaged food coupled with rapid rise of the pharmaceutical packaging industry is anticipated to drive the growth. Aluminum is infinitely recyclable and contributes to sustainable packaging solutions, which is expected to further drive the market.

Aluminum foil is highly used for packaging numerous products including foods, beverages, medicines, cosmetics, and electronic items. Aluminum is highly useful in packaging industry owing to its properties such as corrosion resistance, ductility, malleability, reflectiveness, and light weight. It also offers impermeable barrier to air and light which increases the product shelf life.

Aluminum foils are used for making numerous packaging products including foil wraps, pouches, blisters, and containers. Aluminum foil containers are majorly used in the food service industry to food packaging. Pouches are chiefly used for packing numerous beverages including juices, energy drinks, and ketchups. Blisters are mainly used for packaging pharmaceutical products.

The aluminum foil packaging market is dominated by Asia Pacific owing to high production of aluminum in China. The Asia Pacific market is expected witness significant growth over the forecast period, owing to high consumer base and rapidly growing food industry. Rapid growth of food delivery services from 2014 to 2018 has further boosted the market growth in the past five years.

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

Further key findings from the report suggest:

• In terms of revenue, the foil wraps product segment is estimated to reach USD 13.67 billion by 2025, mainly driven by the increasing application scope in the tobacco and food and beverages industries
• In terms of revenue, the food and beverages end use segment is expected to experience the highest growth rate over the forecast period, owing to rising demand for ready to eat food products
• The pouches product segment is anticipated to exceed USD 2.2 billion by 2025, owing to versatile applications of the product in numerous industries including food and beverage, pharmaceutical, cosmetic, and tobacco
• The aluminum foil packaging market is highly fragmented in nature, with several small and medium enterprises present in regional market spaces. Product innovation, R&D, geographic expansion, and acquisitions are among the major strategic initiatives adopted by the key market players to reinforce their strong competitive positions in the global market
• Amcor Plc, Constantia Flexibles, Novelis Aluminum, Coppice Alupack Ltd., Reynolds Group Holdings Limited, Aliberico S.L.U., Carcano Antonio S.p.A., and Aleris Corporation are some of the key players operating in the market

Grand View Research has segmented the global aluminum foil packaging market on the basis of product, end use, and region:

Aluminum Foil Packaging Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Foil Wraps
• Pouches
• Blisters
• Containers
• Others

Aluminum Foil Packaging End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Food & Beverage
• Tobacco
• Pharmaceuticals
• Cosmetics
• Others

Aluminum Foil Packaging Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

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

About Grand View Research

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

Diethylene Glycol Monobutyl Ether Market to Reflect Steadfast Expansion During 2019-2025

 The global diethylene glycol monobutyl ether market size is projected to reach USD 232.7 million by 2025, expanding at a revenue-based CAGR of 3.9%, according to a new report by Grand View Research, Inc. Increasing demand for the product in paints, coatings, inks, and cleaning agents is likely to augment market growth.

Diethylene glycol monobutyl ether can remove both water-insoluble greases and oils and water-soluble oils. This characteristic is expected to majorly drive the consumption of DEG monobutyl ether by companies engaged in formulating cleaning agents. Companies such as Procter and Gamble Company conducted several in-house tests based on the concentration of diethylene glycol monobutyl ether in hard surface cleaners and its subsequent effect on human health. As cited by the U.S. National Library of Medicine National Institutes of Health, the tests concluded that the exposure to DEG monobutyl ether within permissible levels at ambient room conditions is safe.

The product has substantial amount of consumption in paints, coatings, and inks manufacturing. It is broadly utilized as coalescent in formulating latex paints and paints for architectural applications. Latex paints dominate the paints industry followed by oil-based paints. Increased construction spending in emerging countries is expected to trigger the demand for paints and coatings in the building and construction sector, which in turn is expected to augment market growth.

Diethylene glycol monobutyl ether has limited evidence of severe human health hazard, however, it is observed that the ingestion of the chemical can cause severe health issues such as rapid heartbeat and breathing, low blood pressure, and muscle pain. Owing to these factors, multiple state laws have been stated for the disposal of the product. However, they are not stringent as the product can be recycled for reuse.

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

Further key findings from the report suggest:

• Cleaning agent application dominated the global market with a revenue share of 53.4% in 2018 owing to growing hygienic practices and high demand for industrial cleaners globally
• Paints, coatings, and inks application is anticipated to witness a CAGR of 4.3%, in terms of revenue, owing to rising demand for solvents in order to manufacture paints and coatings with low drying time
• Asia Pacific dominated the diethylene glycol monobutyl ether market with a volume share of 42.1% in 2018 owing to presence of large cleaning products and paints and coating manufacturing companies
• Europe is expected to exhibit a growth rate of 3.5%, in terms of volume, over the forecast period. According to the International Association for Soaps, Detergents and Maintenance Products (AISE), there are currently over 175 companies in Europe that formulate cleaners and detergents. This has paved way for high consumption of DEGBE in cleaners and detergents across the region
• Paints and coatings manufacturers prefer DEGBE as it is suitable for manufacturing ecofriendly and non-hazardous low volatile organic compound (VOC) emission paints       

Grand View Research has segmented the global diethylene glycol monobutyl ether market on the basis of application and region:

Diethylene Glycol Monobutyl Ether Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Paints, Coatings, & Inks
• Cleaning Agents
• Other Applications

Diethylene Glycol Monobutyl Ether Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

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

About Grand View Research

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

Point Of Purchase Packaging Market Trends, Growth Prospects To 2025

 The global point of purchase packaging market size is estimated to reach USD 16.2 billion by 2025, expanding at a CAGR of 5.6%, according to a new report by Grand View Research, Inc. Growing organized retail market in emerging economies is driving the Industry. Growing adoption of point of purchase packaging in organized retail stores, including Walmart, D-mart, and Tesco, is observed owing to implementation of structured marketing strategies at these stores.

The presence of multiple marketing channels such as television, digital, and newspaper advertisement as well as billboards are available. However, advertising does not convert a potential customer into a buyer instantly. Moreover, it incurs a hefty share of the marketing budget. On account of the aforementioned factors, marketers and retail owners are always in search of cost-effective marketing tools.

Small brands or small convenience store owners adopt point of purchase displays as the cost of these displays is much lower in comparison with traditional advertising model. In addition, POP display delivers marketing messages precisely with the product available in an attached POP packaging, when the consumer is engaged in the buying process. Point of purchase packaging also helps retail owners clear old stocks as these displays receive constant attention from customers.

Based on end use, the market is segmented into hypermarket, supermarket, specialty stores, departmental stores, and convenience stores. Hypermarket is a large size, self-service retail store, which combines the products that are sold in departmental stores and supermarkets. Fundamentally, it is a large-size retail facility including full lines of groceries and general merchandise.

A supermarket is a large-size, self-service retail store offering a wide variety of food and household merchandise that is organized into departments. It is larger than specialty and convenience stores and smaller than hypermarket. In the retail market, nearly 70% of buying decisions are made in the store. This indicates that the store environment majorly affects the buying process. As a result, brand and store owners focus extensively on product display.

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

Further key findings from the report suggest:

• In terms of revenue, the pallet display product segment is estimated to reach USD 4.4 billion by 2025 in the overall market for point of purchase packaging, growing at a CAGR of 5.1% from 2019 to 2025
• In terms of revenue, the convenience store end-use segment is expected to experience the highest growth rate over the forecast period, owing to low costs and increasing adoption of point of purchase packaging solutions
• The paper material segment is anticipated to exceed USD 9.9 billion by 2025, owing to increasing consumption of paper-based materials like paperboard in retail stores, globally
• Some of the key companies present in the point of purchase packaging market are International Paper, Menasha Packaging Company, LLC, Smurfit Kappa Display, DS Smith, Sonoco Products Company, and Georgia-Pacific LLC
• The Industry participants compete principally on the basis of product differentiation and services offered. While the small and medium-sized players have deployed competitive pricing and local availability as their key strategies, the large-sized players have capitalized on their global presence as well as have their complete control over the supply chain
• The key factors that separate major global players from the remaining competition include R&D capabilities, global presence, established brand reputation, and acquisitions of smaller enterprises.

Grand View Research has segmented the global point of purchase packaging market on the basis of product, material, end use, application, and region:

Point of Purchase Packaging Product Outlook (Revenue, USD Million, 2014 - 2025)

• Counter display
• Floor display
• Gravity free display
• Pallet display
• Side kick display
• Dump bin displays
• Clip Strip Displays

Point of Purchase Packaging Material Outlook (Revenue, USD Million, 2014 - 2025)

• Paper
• Foam
• Plastic
• Glass
• Metal

Point of Purchase Packaging End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Hypermarket
• Supermarket
• Departmental stores
• Specialty stores
• Convenience Store

Point of Purchase Packaging Application Outlook (Revenue, USD Million, 2014 - 2025)

• Food & Beverages
• Personal care
• Pharmaceuticals
• Electronics
• Automotive
• Others

Point of Purchase Packaging Regional Outlook (Revenue, USD Million, 2014 - 2025)

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

About Grand View Research

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

Sulfur Bentonite Market Pegged For Strong Growth During 2019-2025: Grand View Research Inc.

 Sulfur Bentonite Market Growth & Trends

The global sulfur bentonite market size is projected to reach USD 130.58 million by 2025, registering a CAGR of 5.6% over the forecast period, according to a new report published by Grand View Research, Inc. Growing deficiency of the sulfur in soil is expected to drive the consumption of sulfur bentonite in agriculture sector globally.

The market is mainly driven by increasing concerns regarding poor sulfur content in the soil. Sulfur produces chlorophyll in plants, which is essential for absorbing nutrients through the process of photosynthesis. It also accelerates biochemical reactions in plants through the activation of enzymes to boost their immunity. Bentonite is used as a binding agent during product manufacturing and acts as a dispersing agent after the addition of the fertilizer to the soil. It aids in soil improvement by refining physical properties, strong water and nutrient retention capacity, and by the absorption of toxic elements.

Oilseeds application led the Sulfur bentonite market with a volume share of 45.2% in 2018. The product helps the formation of sulfhydryl linkage in oil seeds, which is an important source of pungency in oils, hence improving the overall quantity and quality of the seeds produced. However, fruits and vegetables segment is anticipated to witness a lucrative CAGR of 5.1%, in terms of volume, over the forecast period.

The market value chain is characterized by the integration of players across diverse stages, majorly product manufacturers and end users, which results in the continuous supply of raw materials and lower cost of manufacturing. Companies such as Tiger-Sul, Montana Sulphur & Chemical Co., Coromandel International, and Devco Australia are integrated across the value chain. These companies manufacture various grades of sulfur bentonite fertilizer for global distribution.

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

Sulfur Bentonite Market Report Highlights

• Fruits and vegetables application accounted for a volume share of 21.9% in 2018 and is expected to witness the fastest growth over the forecast period
• Asia Pacific was the largest market for sulfur bentonite, accounting for 29.7% share, by revenue, in 2018. It is expected to expand at a CAGR of 6.2% from 2019 to 2025
• Major companies operating in the market continuously invest in R&D to improve the product quality. These companies have a strong foothold and better established and well recognized brands which make it difficult for the new players to compete in the market
• In 2017, Coromandel International Limited expanded its phosphoric acid production capacity by 300 tons per day and the capacity of other auxiliary facilities located at Sriharipuram to 9,900 tons per day

Sulfur Bentonite Market Segmentation

Grand View Research has segmented the global sulfur bentonite market on the basis of application and region:

Sulfur Bentonite Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Oilseeds
• Cereals and Crops
• Fruits and Vegetables
• Others

Sulfur Bentonite Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Argentina
• 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.