Base Oil Market Poised to Expand at a Robust Pace Over 2027

 

Base Oil Market Growth & Trends

The global base oil market size is projected to reach USD 30.8 billion by 2027, expanding at a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Rising demand for the product from the global automotive sector to formulate various oils is projected to remain the key factor driving industry growth.

Increasing demand for group II base oil among various end-use industries such as the automotive and industrial sectors is expected to drive market growth significantly over the forecast period. The rising popularity of base oils is majorly due to their high wear and tear resistance, improved thermal stability, low friction, and enhanced load carrying capacity. This is projected to increase product demand over the foreseeable future across the globe.

Research and development and production of new cutting-edge technologies such as ester-based fire-resistant oils are being commonly incorporated in a variety of industries and are used with hydraulic battery packs so as to sustain high pressures and temperatures. Additionally, numerous large-scale OEMs have implemented food lubrication NSF standards with the purpose of utilizing PAO food grade products in the food, beverage, and nutrition sectors. This, in turn, is expected to open new opportunities for the industry over the projected period.

Further, in terms of industry opportunity, over the past couple of decades, there has been a significant surge in interest towards bio-based lubricants and for base oils obtained particularly from vegetable sources. This is attributed to increasing awareness among global manufacturers and consumers towards environmental degradation which eventually led to a demand surge for sustainable alternative feasible products with reduced carbon footprints. Advanced economies of Asia Pacific and Europe have made it mandatory to replace conventional products with biodegradable counterparts.

Companies operational in the ecosystem has been constantly striving to adapt to the changing dynamics of the global market space, in-lining their products with formulated government policies and consumer preferences. For instance, ExxonMobil introduced Environmental Awareness Lubricants hydraulic fluids line. These innovations are likely to reflect the positive growth trend of the market over the forecast period.

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Base Oil Market Report Highlights

• Group II base oil is expected to witness a CAGR of 1.6%, in terms of volume, from 2020 to 2027 due to steady growth in the lubricantindustry
• Industrial application accounted for a market share of 15.0% in 2019, in terms of revenue, owing to rising demand from emerging economies and growing automation in operations
• Asia Pacific is expected to register the fastest growth rate of 5.5%, in terms of revenue from 2020 to 2027 owing to increasing industrial activities across key countries and rising investments in manufacturing facilities
• Companies such as ExxonMobil Corporation, Royal Dutch Shell, and British Petroleum are the market leaders with their worldwide brand presence, catering to an array of industries such as automotive and industrial manufacturing
• The market is concentrated with multinational brands presence globally with established long-term contracts with key end-user groups, thereby limiting the entry of new industry participants.

Base Oil Market Segmentation

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

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

• Group I
• Group II
• Group III
• Group IV
• Group V

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

• Automotive Oils
• Process Oils
• Hydraulic Oils
• Metalworking Fluids
• Industrial Oils
• Others

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

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Turkey
• Asia Pacific
  • China
  • India
  • Japan
  • Southeast Asia
• Central & South America
  • Brazil
  • Argentina
  • Venezuela
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Jordan
  • Egypt

List of Key Players of Base Oil Market

• ExxonMobil Corporation
• British Petroleum
• Royal Dutch Shell
• Chevron Corporation
• Saudi Aramco
• Total SA
• Sepahan Oil Company
• Bahrain Lube Base Oil Co.
• Lukoil
• Indian Oil Corporation

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.

Liquefied Natural Gas Market Expected to Behold a CAGR of 5.8% from 2020 to 2027

 

LNG Market Growth & Trends

The global liquefied natural gas market demand is expected to reach 560.19 million tons by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.8% from 2020 to 2027. Growing focus on expansion and development of gas pipeline infrastructure and rising demand for NG across downstream industries are the main propelling factors for the liquefied natural gas (LNG) market.

Decline in liquefied natural gas prices, along with implementation of supportable government regulations and guidelines, which are attracting tax schemes and FDIs, is also beneficial for the market growth. Collective prominence of adequate support for infrastructure in various countries is projected to augment product demand across the construction segment as the product is being used for building equipment.

However, inadequate infrastructure is augmenting demand for small-scale projects to source NG for key customers located in remote areas, precisely in the industrial manufacturing and power generating verticals. Rapid industrialization, urbanization, and projects supportive of gas and petrochemicals and power distribution are likely to provide a stimulus to the market growth.

Power generation accounted for the largest volume share in 2019 and is anticipated to witness significant growth from 2020 to 2027. Power generation plants are steadily shifting from other feedstock to liquefied natural gas in order to offer enhanced delivery and cost-competitiveness while getting support in the form of promising regulations that are encouraging the trends.

Asia Pacific remains the chief center of demand and altogether it accounted for over 50% of the global liquefied natural gas imports in 2018. 2019 was recorded as the year of low price and was driven by growing NG production, limited demand response, and the commissioning of new export infrastructure across the APAC market.

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LNG Market Report Highlights

• Asia Pacific is projected to grow at a substantial rate throughout the forecast period. India is expected to witness the fastest growth in the Asia Pacific region
• By application, the power generation segment dominated the industry, accounting for 47.1% share of the total volume in 2019
• North America is likely to witness moderate growth during the projected period.

LNG Market Segmentation

Grand View Research has segmented the global liquefied natural gas market on the basis of application and region:

LNG Application Outlook (Volume, Million Tons, Revenue, USD Million, 2016 - 2027)

• Transportation Fuel
• Power Generation
• Others

LNG Regional Outlook (Volume, Million Tons, Revenue, USD Million, 2016 - 2027)

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

List of Key Players of LNG Market

• Total
• Chevron Corporation
• Exxon Mobil Corporation
• Petronet LNG Limited
• China National Petroleum Corporation
• Petroliam Nasional Berhad (PETRONAS)
• Snam SPA
• PetroChina Company Limited
• Royal Dutch Shell
• BP
• Equinor ASA
• Gazprom
• China Petroleum & Chemical Corporation
• Eni SpA
• ConocoPhillips Company

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.

Flywheel Energy Storage Market to Witness Excellent Revenue Growth During the Forecast Period

 

Flywheel Energy Storage Systems Market Growth & Trends

The global flywheel energy storage system market size is expected to reach USD 552.1 million by 2027, escalating at a CAGR of 7.4% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for energy storage systems across various industries along with the implementation of favorable regulatory policies regarding clean power generation and reducing dependence on fossil-fuel based power sources is likely to drive the market over the forecast period.

Flywheel serves as a reliable energy storage solution in developing areas with less reliable grid infrastructure and high electricity costs, and in island areas where grids are reliant on biofuels and diesel generators. In these remote areas, flywheel storage is set up in integration with renewable wind and solar power, thereby combating the intermittent nature of renewable power while providing a continuous power supply to the grid or other facilities.

The technology offers several advantages over batteries to store energy. Some of the advantages include unlimited daily cycling capacity, no chemical reaction, zero capacity degradation, and high round-trip efficiency. However, parameters such as high cost and short duration of flywheel power are among the critical factors expected to hamper market growth over the forecast period.

Industry participants are heavily investing in research and development activities in order to find a solution to the high maintenance cost incurred by technology. Manufacturers are focusing on optimizing the geometry and metallurgical properties of flywheel rotor including the chemical composition and processing refinement of low-carbon steel alloy. Moreover, large market players are tying up with small regional companies in order to enhance their foothold in the market globally. 

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Flywheel Energy Storage Systems Market Report Highlights

• Others segment occupied the largest market share in 2019 in terms of revenue. Flywheel energy storage providing frequency regulation in grid balancing operations is set to be driving the market across this segment
• The distributed energy generation segment is anticipated to be the fastest-growing application segment owing to the rising demand for isolated grids across remote communities and remote industrial operations
• The data centers segment occupied a significant market share and is projected to witness a high growth rate over the forecast period. This growth can be attributed to the large number of IT companies deploying the technology at their massive data centers
• North America accounted for the largest regional market share in terms of revenue, owing to the growing number of projects to reserve power across the region, mainly the U.S.
• In Asia Pacific, the market is expected to witness significant CAGR over the forecast period owing to the growing demand for continuous power supply along with government efforts to supply clean power across end-use markets.

Flywheel Energy Storage Systems Market Segmentation

Grand View Research has segmented the global flywheel energy storage system market on the basis of application and region:

Flywheel Energy Storage Systems Application Outlook (Power Capacity, kW; Revenue, USD Million, 2016 - 2027)

• UPS
• Distributed Energy Generation
• Transport
• Data centers
• Others

Flywheel Energy Storage Systems Regional Outlook (Power Capacity, kW; Revenue, USD Million, 2016 - 2027)

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

List of Key Companies of the Flywheel Energy Storage Systems Market

• Active Power
• Amber Kinetics, Inc.
• Beacon Power, LLC
• Calnetix Technologies, LLC
• Piller Group GmbH
• Powerthru
• VYCON, Inc.
• Stornetic GmbH
• Energiestro
• Oxto Energy

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.

Gardening Pots Market Estimated To Flourish By 2025 : Grand View Research Inc.

 The global gardening pots market size is expected to reach USD 2.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.6% over the forecast period. Growing demand for public gardens and parks as a result of improved infrastructure of various cities at the global level is expected to expand the market size for gardening pots.

Booming population and rapid urbanization have made residential places in the cities and towns scanty, which is not enough to incorporate personal gardens. Thus, housing associations, municipalities, and urban development societies are offering their residents a healthy lifestyle by increasing spending on parks. These maintained parks have a variety of plants, flowers, and trees planted in a certain fashion to create a visual appeal. Therefore, gardening pots find use in these areas as they create aesthetic beauty.

Growing trend of the adoption of gardening among the millennials is expected to remain one of the key trends. For instance, in 2018, more than 27 million i.e., 64% of the U.K. population can be seen to partaking in gardening. The trend showcases an interesting insight that even though growing population and rapid urbanization is reducing the living space, gardening enthusiast have been working towards continuing their interest by creating small gardening pots in balconies and kitchens. Growing interest in planting flowers, fruits, veggies, and herbs in various sized containers and pots among common mass is a key factor driving the market.

For instance, in August 2019, Andrew Flynn and Martin Keane launched self-watering plant pots. These products will reduce carbon footprints by reducing the wastage of water, along with providing healthy growth to the plants. Additionally, these pots are made up of 100% recycled polypropylene. Additionally, rising importance of plastic recycling as a result of increasing concerns over carbon emissions in the manufacturing sector and implementation of various regulations at the global level are expected to ensure the access of recycled plastic raw materials to gardening pots manufacturers in the near future.

Key manufacturers include Biodegradable Pots; East JORDAN PLASTICS INC.; Garden Need; GREEN MALL; Hosco India; Landmark Plastic Corporation; Nursery Supplies Inc.; THE HC COMPANIES; THE POT COMPANY; and V G Plastech. Manufacturers are expected to increase spending on new product developments in order to expand their market size over the next few years. Additionally, the industry participants are expected to establish their strategic business units in developing countries including China, India, and Brazil, which have high concentration of middle-income age groups.

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https://www.grandviewresearch.com/industry-analysis/gardening-pots-market

Further key findings from the report suggest:

• By product, refractory material accounted for the largest share of over 40.0% in 2018. The product got the first mover advantage and thus, the penetration of the product is high. Polymer is expected to register the fastest CAGR of 6.4% from 2019 to 2025
• The commercial application segment is expected to generate USD 1.4 billion by 2025 owing to growing trend of creating gardens around the public buildings. The residential sector is expected to register the fastest CAGR of 6.0% from 2019 to 2025
• Offline channel led the gardening pots market and accounted for more than 80.0% share of the overall revenue in 2018.

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

Gardening Pots Product Outlook (Revenue, USD Million, 2015 - 2025)

• Refractory Material
• Metal
• Polymer
• Wood

Gardening Pots Application Outlook (Revenue, USD Million, 2015 - 2025)

• Commercial
• Residential

Gardening Pots Distribution Channel (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Gardening Pots Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • The Netherlands
  • UK.
• Asia Pacific
  • Japan
  • China
• Central & South America
  • Brazil
• Middle East & Africa (MEA)
  • South Africa

About Grand View Research

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

Hard Seltzer Market to Reflect Robust Expansion During 2020-2027: Grand View Research Inc.

 Hard Seltzer Market Growth & Trends

The global hard seltzer market size is expected to reach USD 14.5 billion by 2027, expanding at a CAGR of 16.2%, according to a new report by Grand View Research, Inc. The market is expected to experience substantial growth during the forecast period owing to the growing popularity of low content alcoholic beverages among the millennials in the developed economies including the U.S., Canada, and Australia. Furthermore, strong marketing campaigns by alcoholic drinks companies on such products is expected to have a positive impact on the industry.

Products launched have played a crucial role in the growing penetration of hard seltzer. In June 2020, Tesco announced to launch dedicated hard seltzer. It will be distributed by Mark Anthony Brands. The launch makes a significant milestone for the category in the U.K. that has been turning into a hotspot for hard seltzer manufacturers. In November 2019, AB InBev’s launched Mike’s Hard Sparkling Water in the U.K. The increasing demand for the product in the country is attributed to the increasing demand for healthier products with low calorie and sugar and clean labels which are still luxurious.

Similarly, in June 2020, Smirnoff Seltzer also entered the U.K. through various off-trade channels. The product is available in two flavors in the country including Smirnoff Seltzer Orange and Grapefruit, and Smirnoff Seltzer Raspberry and Rhubarb. The product is available in 250ml cans with ABV content of 4.7% and is priced at GBP 1.8 per can.

Australia has been evolving as another major center for the industry. Along with White Claw, Carlton and United Breweries launched Actual Vodka Seltzer in the country in May 2020, in two flavors including pure and lime. The drink contains 4.2% ABV and 100.0% natural ingredients.

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Hard Seltzer Market Report Highlights

• Hard seltzer with 1.0% to 4.9% ABV content is expected to register the fastest growth during the forecast years with a CAGR of 16.6% from 2020 to 2027. Low ABV content of such products is expected to attract health-conscious consumers over the next few years
• On-trade is expected to register the fastest growth during forecast years with a CAGR of 16.5% from 2020 to 2027. An increasing number of consumers drinking hard seltzers in bars and restaurants is creating the rising opportunity
• Asia Pacific is expected to register the fastest growth during forecast years with a CAGR of 17.0% from 2020 to 2027. A large number of manufacturers focusing on the Australian market is playing a crucial role in the growth of the market
• North America dominated the market by contributing over 70.0% in the global revenue in 2019. The wide penetration of the product in the U.S., Canada, and Brazil is acting as a catalyst in creating dominance.

Hard Seltzer Market Segmentation

Grand View Research has segmented the global hard seltzer market on the basis of ABV content, distribution channel, and region:

Hard Seltzer ABV Content Outlook (Revenue, USD Million, 2016 - 2027)

• 0% to 4.9%
• 0% to 6.9%
• Others

Hard Seltzer Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• On-trade
• Off-trade

Hard Seltzer Regional Outlook (Revenue, USD Million, 2016 - 2027)

• Americas
  • The U.S.
  • Canada
  • Brazil
• Europe, Middle East & Africa
  • The U.K.
• Asia Pacific
  • China
  • Australia
  • South Korea

List of Key Players of Hard Seltzer Market

• Anheuser-Busch InBev
• Barefoot Cellars
• Blue Marble
• Boathouse Beverage Co.
• Future Proof Brands LLC
• CUTWATER SPIRITS
• Ficks & Co.
• HIGH NOON SPIRITS COMPANY
• Kona Brewing Co,
• Lift Bridge Brewing Co.

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.

Dairy-Free Ice Cream Market Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 The global dairy-free ice cream market size is expected to reach USD 1.2 billion by 2025, expanding at a CAGR of 14.8% in the forecast period, according to a new report by Grand View Research, Inc. Increasing awareness about health issues due to lactose present in the milk is propelling the demand for vegan ice cream.

Coconut is a major source for the production of vegan ice cream and it accounted for 37.4% share of the overall revenue in 2018. Easy availability and increasing consumer demand are expected to fuel the demand for coconut milk in vegan ice cream market in the forecast period. Almond milk is the fastest growing segment among all the sources, expanding at a CAGR of 15.8% in the forecast period. Nutritional benefits of almond milk are the key factor responsible for the segment growth in vegan ice cream market.

Non-dairy ice cream is found in various flavors in the market. Chocolate is the most preferred flavor among consumers and it accounted for 36% share of the overall revenue in 2018. Rising demand for chocolate chips among consumers is the key factor for the segment growth in non-dairy ice cream market.

Furthermore, flavor preferences differ from country to country. For instance, lemon is the most favorite flavor among consumers in Europe. Vanilla is the second most preferred flavor in the global non-dairy ice cream market and it is expected to expand at a CAGR of 14.4% in the forecast period.

Supermarket/hypermarket is the most preferred channel among all, expanding at a CAGR of 15.1% in the forecast period. The online segment is anticipated to expand at a CAGR of 16.7% in the forecast period. Shifting consumer preferences towards online shopping have propelled the demand for online stores in the dairy-free ice cream market.

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https://www.grandviewresearch.com/industry-analysis/dairy-free-ice-cream-market

Further key findings from the study suggest:

• In terms of revenue, supermarket/hypermarket distribution channel is projected to expand at a CAGR of 15.1% over the forecast period
• Coconut is the most preferred source in the market due to its compatibility, easy availability, and increasing consumer demand
• Almond milk is the fastest growing source for the production due to increasing awareness about health and nutritional benefits of almond.

Grand View Research has segmented the global Dairy-Free ice cream market on the basis of source, flavor, distribution channel, and region:

Dairy-Free Ice Cream Source Outlook (Revenue, USD Million, 2015 - 2025)

• Coconut
• Almond
• Soy

Dairy-Free Ice Cream Flavor Outlook (Revenue, USD Million, 2015 - 2025)

• Chocolate
• Vanilla
• Strawberry

Dairy-Free Ice Cream Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Supermarket/Hypermarket
• Convenience Stores
• Online

Dairy-Free Ice Cream Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Rest of the World
  • Brazil
  • Argentina

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.

Brain Health Supplements Market Will Target Emerging Markets by 2025

 The global brain health supplements market size is expected to reach USD 10.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.2% over the forecast period. Growing health concerns over depression, anxiety, anti-aging, and sleep recovery issues among consumers, along with rise in the disposable income, are driving the market over the forecast period. Booming dietary supplements industry on account of health concerns mainly in developed countries is further expected to propel the market growth.

Nutritional benefits such as vitamins and minerals offered by the brain health supplements can reduce stress levels and offer protection against depression, anxiety, and dementia, thereby driving the market. Dementia can lead to anesthesia and depression in humans, therefore these products help to maintain the mental health of the consumers.

The product demand is attributed to the presence of a number of ingredients in the product such as vitamin D, bacopa monnieri, vitamin B12, vinpocetine, antioxidants, and docosahexaenoic acid (DHA). These ingredients provide brain health benefits such as concentration level, memory enhancement, focus and attention, thereby driving the demand for the product.

The market in North America is anticipated to grow due to rise in the sales of herbal products, along with increasing product launches. Growing health awareness among consumers, along with surge in the educational and promotional activities for the consumers, is anticipated to boost the growth in the region. Moreover, increase in the number of fitness clubs, fitness centers, and fitness programs and classes for mental and brain health issues is likely to augment the demand for brain health supplements over the forecast period.

Growing interest for the healthy and natural ingredients in the product among youth due to their various health benefits will fuel the demand in the market. Strategies such as expansion of geographical reach and product launches are adopted by companies to increase sales and improve product development. The market is recognized by a few initiatives, such as limited extension, mergers and acquisitions, and online sales and development endeavored by the key players in the business, including Cephalon, Inc.; Nootrobox, Inc.; Purelife Bioscience Co Ltd.; Nootrico; Peak Nootropics; and SupNootropic Biological Technology Co Ltd.

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

Further key findings from the study suggest:

• In terms of revenue, the herbal extract segment is projected to expand at a CAGR of 9.7% over the forecast period
• Based on application, memory enhancement dominated the global market with 26.1% share of the overall revenue in 2018
• North America dominated the global market in 2018, which constituted 39.3% share in terms of revenue. This trend is projected to continue over the next few years
• The market in Asia Pacific is anticipated to witness growth due to increasing disposable income in India, South Korea, China, and Japan
• The industry is highly competitive in nature owing to presence of main players including Cephalon, Inc.; Nootrobox, Inc.; Purelife Bioscience Co Ltd.; Nootrico; and Peak Nootropics
• Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

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

Brain Health Supplements Product Outlook (Revenue, USD Billion, 2015 - 2025)

• Natural Molecules
• Herbal Extract
• Vitamins & Minerals

Brain Health Supplements Application Outlook (Revenue, USD Billion, 2015 - 2025)

• Memory Enhancement
• Attention & Focus
• Depression & Mood
• Sleep & Recovery
• Anti-aging & Longevity
• Others

Brain Health Supplements Regional Outlook (Revenue, USD Billion, 2015 - 2025)

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

Wireless Earphone Market Key Players ,Industry Share ,Growth, And Forecast To 2027

 Wireless Earphone Market Growth & Trends

The global wireless earphone market size is anticipated to reach USD 3.41 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.8% from 2020 to 2027. Increasing adoption of wireless earphones among consumers to multitask while listening or watching music and entertainment videos is a key factor driving the market. In addition, enhanced audio performance is a key factor ramping up the sales of wireless earphones.

Removal of the headphone jack has paved the way for the adoption of wireless earphone. Technologically advanced wireless earphones have been designed to focus on offering several real-time solutions apart from streaming music and answering calls. Moreover, availability of high-quality sound transparency, speech elevation, superior noise control, and augmented audio functionality are some of the features contributing to the demand for wireless earphone.

Bose, Sennheiser, Apple, Sony, and Samsung are some of the prominent players in the market. Manufacturers are integrating wireless models with hi-tech functionalities, such as speech amplification and layered hearing, to ramp up the adoption of wireless earphones. Growing music industry and increasing popularity of rapping are anticipated to have a positive impact on the adoption of earless headphones that are endorsed by singers and celebrities. The manufacturers are also collaborating with prominent music artists to launch their latest wireless editions, which are likely to drive the sales.

Significant adoption of smartphones has been a primary reason for the increasing penetration of wireless earphones. Advancements in these devices that are featured to stream audio and video encourage the consumers to invest in high-quality and sophisticated wireless headphones. Rapidly growing virtual reality and fitness and club market, along with increasing number of fitness enthusiasts, is expected to fuel the growth of the market.

North America dominated the market for wireless earphone with a share of 30.5% in 2019. This is attributed to the region’s highest internet penetration rate of 89.1% at the global level. High market visibility of smart Bluetooth speakers and smart home systems in U.S. and Canada is projected to be a key trend. Furthermore, preference for Wi-Fi- and AI-enabled Bluetooth speakers plays a prominent role in the regional market growth.

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Wireless Earphone Market Report Highlights

• By application, the music and entertainment segment accounted for the largest share of 33.8% in 2019. Virtual reality is expected to exhibit the highest CAGR of 6.7% over the forecast period
• Offline distribution channel held a major share of 53.4% in 2019 and is expected to maintain its lead in the next few years
• North America held the largest revenue share in 2019.

Wireless Earphone Market Segmentation

Grand View Research has segmented the global wireless earphone market by application, distribution channel, and region:

Wireless Earphone Application Outlook (Revenue, USD Million, 2016 - 2027)

• Gaming
• Fitness
• Virtual Reality
• Music & Entertainment

Wireless Earphone Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Online
• Offline

Wireless Earphone Regional Outlook (Revenue, USD Million, 2016 - 2027)

• NorthAmerica
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Wireless Earphone Market:

• Apple Inc.
• Bose Corporation
• Sony Corporation
• Samsung
• JVC
• OnePlus
• Jaybird
• Beats
• Shure Inc.
• Sennheiser electronic 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.

Robotic Vacuum Cleaner Market is Projected to Boost USD 9.41 Billion by 2027

 Robotic Vacuum Cleaner Market Growth & Trends

The global robotic vacuum cleaner market size is anticipated to reach USD 9.41 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 17.7% from 2020 to 2027. Increasing number of working women, growing purchasing power for innovative products, and ease of usage are major factors supporting the market growth. Growing trend of smart home is acting as a major supporting factor for market growth. Launch of new products is also supporting the market growth and are gaining traction among millennials and tech savvy consumers.

Flexibility in usage of the robotic vacuum cleaners is estimated to drive the market over the forecast period. For instance, in December 2018, Neato Robotics announced the launch of Neato Zone Cleaning for the Botvac D7 Connected and No-Go Lines feature for Botvac D3 Connected. With the help of zone cleaning feature, consumers can highlight the portion or a dedicated area for active cleaning. Whereas, with the help of No-Go line, consumers can create no go zone. This innovation is offering flexibility to users for effective use of the product.

Growing trend of integration of devices with virtual assistance devices is creating opportunity for manufacturers in the market. Players are introducing this technology to gain a greater market share. For instance, in September 2019, iRobot updated the Amazon Alexa & IFTTT functionality in Wi-Fi enabled Roomba robots in India and other developing countries. Consumers can start, stop, and pause the help of voice activation command.

In terms of type, pool vacuum cleaner is estimated to expand at a CAGR of 16.0% from 2020 to 2027. Consumers are more inclined towards pool vacuum cleaner in order to remove rough debris with the brushing system, which also helps in removing bacteria and algae from pool surfaces, including floors and walls. As per Maytronics, there are around 25.5 million pools worldwide and around 19 million pools are cleaned without robots. This is creating significant growth opportunities for the market.

Offline distribution channel dominated the market with a revenue share of 67.3% in 2019. This is attributed to rising number of electronics and appliance specialty stores, resulting in increasing shelf space for marketing of products. Consumers are more inclined towards purchase of products from stores to find the right fit and understand the mechanism and functionality. Moreover, consumers can get the demo of the working pattern of the product. Sales representatives at the stores help consumers to find the right product as per the need.

Europe emerged as the second largest regional market in 2019. Countries such as Germany and U.K. are supporting the growth in the region. Consumers’ willingness to spend on added value and innovative small electronic appliances simplifying life is the major factor fueling the regional market growth.

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Robotic Vacuum Cleaner Market Report Highlights

• By type, floor vacuum cleaner dominated the market with a share of 82.4% in 2019
• Online distribution channel is expected to expand at the fastest CAGR of 19.1% from 2020 to 2027
• Asia Pacific is expected to witness the fastest growth from 2020 to 2027.

Robotic Vacuum Cleaner Market Segmentation

Grand View Research has segmented the global robotic vacuum cleaner market by type, distribution channel, and region:

Robotic Vacuum Cleaner Type Outlook (Revenue, USD Million, 2016 - 2027)

• Floor Vacuum Cleaner
• Pool Vacuum Cleaner

Robotic Vacuum Cleaner Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Online
• Offline

Robotic Vacuum Cleaner Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • Italy
• Asia Pacific
  • China
  • Japan
• Rest of the World
  • Saudi Arabia

List of Key Players of Robotic Vacuum Cleaner Market:

• iRobot Corporation
• Ecovacs Robotics
• Xiaomi Corporation
• Beijing Roborock Technology Co., Ltd.
• SharkNinja Operating LLC
• Neato Robotics, Inc.
• Cecotec Innovaciones S.L.
• Panasonic Corporation
• Samsung Electronics Co., Ltd.
• Dyson Ltd.

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.

Organic Bedding Market to Partake Significant Development During 2019 to 2025

 Organic Bedding Market Growth & Trends

The global organic bedding market size is expected to reach USD 1.1 billion by 2025, expanding at a CAGR of 5.1%, according to a new report by Grand View Research, Inc. The significant market growth is attributed to increasing demand for high-end bedding products impacted by the growing inclination towards luxurious lifestyles among consumers. Moreover, growing awareness about the importance of sleep and its impact on health is encouraging consumers to invest in quality products especially mattresses and bed linens, thereby contributing to the growth of the market.

Organic cotton bedding has been gaining acceptance among consumers owing to multiple factors such as natural durability as they are biodegradable. In addition, such beddings are produced through sustainable methods to attain higher quality and hypoallergenic state due to the lack of chemical additives. The increasing influx of new players in this category is expected to result in greater visibility and credibility of these products, thereby propelling market growth over the forecast period. For instance, one of the new entrants in this category is King Koil, with the aim to promote a healthy lifestyle has introduced the Natural Response EcoHybrid collection that offers mattresses produced from natural and eco-friendly materials. The top line is constructed with certified organic components.

Among various types of bedding products, bed linen was estimated to dominate, thereby accounting for a share of more than 33.7% of the global market in 2018. Growing preference for sustainable and eco-friendly products to enhance sleep experience, bed linens such as sheets, pillow, bed covers, and duvet covers are witnessing significant demand among consumers. Bed linen products are largely associated with healthy sleep, which in turn contributes to improved brain health, learning, and stabilizing mental health symptoms. Thereby, the market is anticipated to witness the dominance of the product category with higher projected growth in the forecast period. Moreover, organic sheets with cooling attributes have popularized the acceptance of these products. These sheets are produced with low thread count such that fabric is more breathable with adding natural fibers such as bamboo. Thus, new product developments are expected to witness the growth of the product in the forecast period.

The global market is highly competitive in nature. Top players operating in the market are Good Night Naturals, Parachute Home, The Natural Sleep Store, COYUCHI, L.L.Bean, Boll and Branch, The Company Store, Magnolia Organics, WJ Southard, and The Organic Mattress. Market players are adopting product development strategies to increase product lines. Moreover, companies are focusing on expanding their production capacity and are adopting innovative technologies owing to meet consumer demand for organic bedding. For instance, in March 2019, Mitre Corporation introduced a new eco-friendly line of products under The Eco Collection, such as bed linen, towels, duvets, pillows, and robes produced from 100% organic cotton with GOTS (Global Organic Textile Standard) certification. Also, in January 2019, Parachute Home launched an organic and eco-friendly mattress with its direct-to-consumer approach across the U.S.

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Organic Bedding Market Report Highlights

• The global market is expected to exhibit a CAGR of 5.1% from 2019 to 2025 and is anticipated to reach a value of USD 1.1 billion by 2025
• The Asia Pacific is estimated to be the fastest-growing market accounting for a share of more than 35% by 2025, driven majorly by high demand and product launches in India and China. APAC market is expected to exhibit a CAGR of 5.5% over the forecast period
• The bed linens segment is expected to register the fastest CAGR of 5.5% over the forecast period, thereby accounting for a share of about 35% by 2025.

Organic Bedding Market Segmentation

Grand View Research has segmented the global organic bedding market on the basis of type and region:

Organic Bedding Type Outlook (Revenue, USD Million, 2015 - 2025)

• Mattress
• Bed Linen
• Pillows
• Blankets
• Others

Organic Bedding Regional Outlook (Revenue, USD Million, 2015 - 2025)

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

About Grand View Research

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

Fish Hunting Equipment Market Significant Profits Estimated to be Generated by 2027

 The global fish hunting equipment market size is anticipated to reach USD 20.75 billion by 2027, expanding at a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. Rising preference for recreational outdoor sports owing to growing trend of travel and leisure is boosting the growth of the market. In addition, sport fishing serves as the most prominent outdoor activity in the U.S. after jogging. This is eventually helping in increasing awareness regarding activities like fish hunting, thereby ramping up the sales of the fish hunting equipment over the forecast period.

Increasing popularity of fishing as the second-most popular outdoor activity in America, after running, jogging, and trail running is fueling the growth of the market. According to Outdoor Recreation Participation Topline Report, in the U.S., 31.5 million adults who were 25 and older participated in fishing in the year 2016. Moreover, increased spending on fishing equipment and accessories as a result of rising number of participants is ramping up the sales of such products. According to American Sportfishing Association (ASA), 22 out of 30 tackle categories have observed spending increases in the past decade, with the highest increase at 45% in 2018. In addition, spending on hard-bait increased at 8.5%, while soft-bait witnessed a spending increase of 0.4% in 2018.

Rising prominence of various fly fishing spots in Asia Pacific is increasing the number of anglers in countries, such as Japan and Australia. Moreover, major cities such as Tokyo and Osaka have found space for urban fishing, which is a reminder of how influential the activity is. This scenario is projected to boost the sales of fishing accessories and equipment, including fish hunting equipment, in the forecast period.

In terms of product, fishing reels held a dominant share in the market in 2019. This product comprises three basic styles, such as casting reel, spinning reel, and fly fishing reel. Substantial contribution of women to the fishing industry is offering growth opportunity for the product segment. Offline distribution channel dominated the market for fish hunting equipment and held the largest share of 87.6% in 2019. Preference for offline shopping is increasing among anglers as it offers hands-on experience of the product.

North America dominated the fish hunting equipment market in 2019. The number of anglers in the U.S. outnumber the population of every U.S. state, which is a key factor driving the demand for fish hunting equipment in the region. Moreover, anglers spend more on fishing gear and trips as compared to their spending on Valentine’s Day, Easter, and Halloween, according to a report by the American Sportfishing Association.

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https://www.grandviewresearch.com/industry-analysis/fish-hunting-equipment-market

Further key findings from the study suggest:

• By product, fishing reels led the market in 2019 and accounted for a share of more than 28.2%. Baits & lures are expected to expand at a CAGR of 4.7% from 2020 to 2027
• Offline channel held the largest share in 2019 owing to increasing preference for offline shopping among anglers
• Europe is expected to register a revenue-based CAGR of 4.6% from 2020 to 2027
• Top players operating in the fish hunting equipment market include Van Staal, Globeride, Inc., Sensas, Maver UK Ltd., PRADCO Outdoor Brands, Inc., Eagle Claw, Costa Del Mar, Inc., Pure Fishing, Inc. and Newell Brands.

Grand View Research has segmented the global fish hunting equipment market by product, distribution channel, and region:

Fish Hunting Equipment Product Outlook (Revenue, USD Million, 2016 - 2027)

• Fishing Rods
• Fishing Reels
• Baits & Lures
• Others

Fish Hunting Equipment Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Offline
• Online

Fish Hunting Equipment Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

Premium Cosmetics Market Forecasted to Grow at Steady Pace During 2019-2025

 The global premium cosmetics market size is expected to reach USD 199.2 billion by 2025, exhibiting a CAGR of 7.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing awareness regarding ingredients in beauty products and their effects on the body coupled with increasing demand for wellness beauty products is driving the market. Preference for premium cosmetics for problems such as age spots, acne, and pigmentation is expected to bode well for market growth. Also, the growing influence of brands on social media is creating more awareness among consumers. This in turn is creating demand for premium cosmetics.

Rising consumer preference for premium cosmetics, owing to a willingness to spend more on beauty products, especially across emerging countries, is expected to drive the market growth. The consumer preference for imported and branded cosmetics is majorly driven by brand name, product safety, and price. A rise in women's workforce and financial independence is expected to positively influence the market growth in the forthcoming years.

The trend of personalization is also supporting the demand for premium cosmetics among consumers. For instance, Face Gym, a European company, in 2017 launched the Make it Bar, where consumers can visit the studio and create their own face serums, suitable for their individual needs and lifestyle, with help from professionals.

The makeup segment of the premium cosmetics market is estimated to witness the fastest growth over the forecast period. The availability of waterproof and sweat-proof products manufactured especially for hot and humid climatic conditions is also boosting the demand. Skincare is estimated to be the largest segment over the forecast period, owing to the wide application for skincare. Consumers prefer facial creams, sunscreens, and body lotions to reduce acne scars, freckles, age spots, and discoloration, among other skin issues.

To boost the shopping experience and consumer interaction, premium cosmetic companies are upgrading their stores with advanced technologies. Along with on-hand assistance from beauty advisers, the companies are using Virtual Reality (VR) and Augmented Reality (AR) for better customer service. For instance, L’Oréal installed interactive displays in its Shanghai, Wuhan, and Changsha boutiques called as Magic Mirrors. The adoption of such technology also reduces the usage of sample products.

The market is oligopolistic in nature with the companies implementing various business strategies such as mergers and acquisitions to diversify the product portfolio and to expand their geographical presence. For instance, in 2018, L’Oréal acquired Stylenanda, a makeup and fashion brand focused on millennials in South Korea and China, to extend its business in Hong Kong, Singapore, Malaysia, and Thailand. L’Oréal also acquired Pulp Riot, an American brand operating in the professional hair color segment with a strong influence on social media.

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

Further key findings from the report suggest:

• Asia Pacific is estimated to be the largest and fastest-growing market for premium cosmetics, majorly driven by high demand from China and Japan
• Offline is estimated to be the largest distribution channel in the forthcoming years, owing to technological advancements such as VR interaction and AR makeup trials in stores
• The online segment is projected to register the fastest CAGR of 9.4% over the forecast period, owing to the presence of multi-brand e-retailers and companies' direct-to-consumer strategy
• Some of the key players operating in the premium cosmetics market include Coty; Estée Lauder; L’Oréal; LVMH; Shiseido; Chanel; Dior beauty; Elizabeth Arden Inc.; KAO Corporation; and The Procter & Gamble Company (P&G).

Grand View Research has segmented the global premium cosmetics market on the basis of products, distribution channel, and region:

Premium Cosmetics Product Outlook (Revenue, USD Billion, 2015 - 2025)

• Skincare
• Haircare
• Makeup
• Fragrance
• Others

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

• Online
• Offline

Premium Cosmetics Regional Outlook (Revenue, USD Billion, 2015 - 2025)

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

Prenatal Vitamin Supplements Market Trends and Growth Factors Details for Business Development

 Prenatal Vitamin Supplements Market Growth & Trends

The prenatal vitamin supplement market size is expected to reach USD 673.8 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.6% over the forecast period. Prenatal vitamin supplements comprises vitamins, calcium, iron, folic acid, and other minerals as compared to regular adult multivitamins. Rising awareness among pregnant women is one of the major factors driving the market. Improper nutrition to the baby, rise in other birth defects, and increasing awareness regarding the advantages of the prenatal supplements are some of the other factors driving the market.

The stressful and sedentary lifestyle of pregnant women has led to the increase in deficiency of minerals and vitamins among them. A healthy diet and consumption of right amount of nutritional components are of utmost importance right from the time of conception, in order to ensure the delivery of a healthy baby. At present, almost all obstetricians in U.S. recommend these supplements to pregnant women. A study by the UC Davis MIND Institute has claimed that the women who were observed not taking daily prenatal immediately before and during the first month of pregnancy were likely to have a child with an autism spectrum disorder, which is twice the rate as that of women who consumed the supplements.

The capsules segment held the largest market share in 2018. This is attributed to doctors’ preference for prescribing capsules due to their long shelf life, thereby fueling the demand for capsules. Moreover, advancements in technologies ease out procedures of filling capsules, thus making it a preference among the manufacturers as well. Increasing launch of prenatal vitamin capsules is another factor for the growth of the capsule segment. Increasing disposable income in the developing countries of Asia Pacific is resulting in consumer’s preference for bulk purchases at the supermarkets.

North America held the largest share of 53.1% in 2018. High level of sedentary lifestyle among the women of western countries is leading to the growth of market. Europe is anticipated to witness significant growth in the coming years. Countries such as India and China have remained adamant in developing a healthy mechanism for maternal care.

Key players having a strong presence in the global market include Country Life LLC; Garden of Life Inc.; MegaFood; Biotics Research Corporation; Rainbow Light Nutritional Systems Inc.; Church & Dwight Co. Inc.; New Chapter, Inc.; and Abbott Nutrition.

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Prenatal Vitamin Supplements Market Report Highlights

• By product form, capsules dominated the market with a revenue of USD 200.0 million in 2018. Gummy is projected to ascend at a CAGR of 8.8% over the forecast period
• North America dominated the global market in 2018, accounting for 53.1% share of the overall revenue. This trend is projected to continue over the next few years
• The industry is highly competitive in nature with the major players including Garden of Life and Church & Dwight Co. Inc.
• Various manufacturers are focusing on new product launches, capacity expansion, and product portfolio extension to estimate existing and future demand patterns from upcoming application segments.

Prenatal Vitamin Supplements Market Segmentation

Grand View Research has segmented the global prenatal vitamin supplements market on the basis of product form, distribution channel, and region:

Prenatal Vitamin Supplements Product Form Outlook (Revenue, USD Million, 2015 - 2025)

• Capsules
• Powder
• Gummy

Prenatal Vitamin Supplements Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Supermarket & Drug Store
• Online Platform

Prenatal Vitamin Supplements Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
• Europe
  • UK.
  • France
• Asia Pacific
  • China
  • India
• Central and South America
  • Brazil
• Middle East and 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.

Ethylene Vinyl Acetate Copolymer Market Competitive Insight and Key Drivers 2020 to 2027: Grand View Research Inc.

 Ethylene Vinyl Acetate Copolymer Market Growth & Trends

The global ethylene vinyl acetate copolymer market size is anticipated to reach USD 10.7 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 3.8% over the forecast period. Rising healthcare issue, which requires prosthetics, and growing concern among consumers and various automobile manufacturing companies regarding vehicle efficiency and favorable government regulations regarding the use of lightweight durable components in automotive, medical & healthcare, and consumer goods end-use industries is expected to drive the market over the forecast period.

The demand for ethylene vinyl acetate (EVA) copolymer is expected to increase majorly in the consumer goods end-use industry owing to the rise in demand for smart devices and electrical devices. In addition, the demand for smart household electronic devices, such as solar panels, alarms, and buggers, which require lightweight & thermal conductive components has increased sharply in recent years. This trend is expected to propel the market growth over the forecast period.

Asia Pacific EVA copolymer market is anticipated to witness the fastest growth over the coming years owing to various factors, such as the government initiatives like Make in India, rising number of manufacturers of consumer goods & electronic components and medical & healthcare products, and rising R&D investments by private and public organizations for developing new applications of EVA copolymer. In addition, various medical & healthcare product manufacturing companies are planning to establish manufacturing facilities in India post COVID-19 pandemic situation.

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Ethylene Vinyl Acetate Copolymer Market Report Highlights

• The global EVA copolymer market was valued at USD 7.9 billion in 2019 and is estimated to expand at a CAGR of 3.8% from 2020 to 2027
• Consumer goods end-use industry segment is expected to witness the highest CAGR of 4.2%, in terms of revenue, over the forecast period
• This growth is attributed to the rising demand for high-quality electronics components & products, consumer goods, and kitchen appliances
• The Automotive segment accounted for over 30% of the overall revenue share in 2019 due to increased demand for lightweight durable metal replacement components to reduce the overall weight and enhance the efficiency of vehicles
• Asia Pacific accounted for the largest revenue share of over 44% in 2019. India, in particular, will have the maximum growth with a CAGR of 6.8% from 2020 to 2027

Ethylene Vinyl Acetate Copolymer Market Segmentation

Grand View Research has segmented the global ethylene vinyl acetate copolymer market on the basis of type, application, end-use industry, and region:

EVA Copolymer Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Vinyl Acetate Modified Polyethylene
• Thermoplastic Ethylene-Vinyl Acetate
• Ethylene Vinyl Acetate Rubber

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

• Film
• Foam
• Hot Melt Adhesives
• Photovoltaic Cells
• Others

EVA Copolymer End-use Industry Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Automotive
• Packaging
• Medical & Healthcare
• Consumer Goods
• Others

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

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Southeast Asia
  • Malaysia
  • Indonesia
  • Thailand
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

List of Key Players of Ethylene Vinyl Acetate (EVA) Copolymer Market

• Exxon Mobil Corp.
• Dow Inc.
• LyondellBasell Industries Holdings B.V.
• Eastman Chemical Company
• Arkema
• Celanese Corp.
• Total
• LG Chem
• Braskem
• Dairen Chemical Corp.
• Lotte Chemical Corp.

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.

Metal Cutting Machine Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 Metal Cutting Machine Market Growth & Trends

The global metal cutting machine market size is expected to reach USD 9.74 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.9% during the forecast period. Rising demand from various application industries for cutting components with high precision and edge quality are expected to drive the market growth.

Advancements in manufacturing processes and growing demand for the latest technologies are likely to drive the market growth. Moreover, rising demand for advanced metal cutting machines that offer increased performance and throughput coupled with the ability to cut thicker cutting ranges improved parts edge quality, and high cutting speeds are likely to drive the market growth.

Factors including widening skills gap coupled with limited skilled workers and increasing focus of application industries on automation to improve the production performance and efficiencies are likely to drive the demand for NC and CNC metal cutting machines that offer flexibility, thereby driving the overall market growth.

The outbreak of the COVID-19 pandemic, is, however, expected to have a negative impact on the manufacturing sector in several countries owing to the lockdown restrictions. This, in turn, is likely to hinder the growth of the market for metal cutting machines in 2020, which is anticipated to have a cascading effect on overall growth during the forecast period.

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Metal Cutting Machine Market Report Highlights

• The laser cutting machine product segment accounted for a revenue share of 61.6% in 2019 on account of the ability of the product to cut a wide range of ferrous and non-ferrous metals with high-quality and precision
• The demand in the aerospace and defense application segment is anticipated to expand at a CAGR of 6.1% from 2020 to 2027 owing to rising military budgets and passenger traffic which is likely to boost the production of defense and commercial aircrafts
• The metal cutting machine demand in Europe accounted for a revenue share of 24.6% in 2019, on account of robust automotive and manufacturing sectors coupled with a surge in industrial automation, and growing technological innovations
• The demand for metal cutting machine in South Korea is expected to witness a CAGR of 6.0% owing to the growing demand from automotive, marine, and electronics & electrical application industries
• In April 2020, TRUMPF launched the TruLaser Tube 3000 fiber, a laser tube cutting machine that offers a cost-effective option for medium to low capacity utilization and covers wide range applications including round tubes, flat steel bars, and profiles

Metal Cutting Machine Market Segmentation

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

Metal Cutting Machine Product Outlook (Revenue, USD Million, 2016 - 2027)

• Laser Cutting Machine
• Waterjet Cutting Machine
• Plasma Cutting Machine
• Flame Cutting Machine

Metal Cutting Machine Application Outlook (Revenue, USD Million, 2016 - 2027)

• Automobile
• Aerospace & Defense
• Construction
• Marine
• Electronics & Electrical
• Others

Metal Cutting Machine Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Metal Cutting Machine Market

• TRUMPF
• AMADA Co., Ltd.
• Colfax Corporation
• Bystronic Laser AG
• WARDJet
• Koike Aronson, Inc.
• Nissan Tanaka Corporation
• Lincoln Electric Holdings, Inc.
• Water Jet Sweden AB
• Flow International Corporation
• Coherent Inc.
• Messer Cutting Systems.
• Omax Corporation
• Boye Laser Applied Technology Co.,Ltd.
• Han’s Laser Technology Industry Group Co., Ltd.

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.