Attractive Market Opportunities in the Hot Melt Adhesives Market by 2027

 Hot Melt Adhesives Market Growth & Trends

The global hot melt adhesives market size is anticipated to reach USD 10.1 billion by 2027 registering a CAGR of 5.2%, according to a new report by Grand View Research, Inc. The market is predicted to grow on account of rapidly expanding packaging sector and rising demand for nonwoven disposables, such as baby diapers and female hygiene products. The stringent regulations set by organizations, such as the Environmental Protection Agency (EPA) and the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), prohibit the usage of solvent-based adhesives, thereby providing lucrative growth potential for hot melt adhesives (HMAs) market.

Hot melt adhesives have quicker bonding speed and are environmentally sustainable. The governments across the globe have enforced lockdown in major cities as a result of COVID-19 pandemic, which has led to shutdown of manufacturing activities. This is likely to hinder market growth as the product demand from industrial assembly, automotive, and woodworking applications is likely to take a severe hit. However, rapid boost in demand for packaged food & beverages during the first half of 2020 has resulted in upward trend, in terms of product demand, from the packaging sector.

Similarly, increased production of medical devices has encouraged manufacturers to produce HMAs for the healthcare industry. Furthermore, the hygiene industry is predicted to experience significant growth over the coming years as a result of increasing consumer awareness regarding personal hygiene and rising disposable income levels, particularly in emerging economies of Asia Pacific. Therefore, the demand for polyolefin and rubber HMAs, which are widely used in the manufacturing of nonwovens is likely to witness substantial growth over the coming years.

Asia Pacific was the largest regional market in 2019 and is estimated to expand further at the fastest CAGR of 5.6% from 2020 to 2027. The long established markets of Europe and North America are predicted to witness moderate growth with a dip in 2020. The Middle East & Africa market is small although the future growth is likely to be vibrant owing rising private and public spending in non-oil sectors of the region.

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Hot Melt Adhesives Market Report Highlights

• Packaging application segment led the market in 2019 owing to increased demand for HMAs from the segment due to the quick bonding speed provided by them
• Nonwovens application segment is projected to register the fastest CAGR of 6.8%, in terms of revenue, from 2020 to 2027 owing to rapidly growing demand for baby diapers, adult diapers, and female hygiene products
• EVA led the market in 2019 and accounted for a volume share of over 39% due to the extensive utilization of the product in packaging sector
• Rubber is poised to experience the fastest growth with a CAGR of 4.5%, in terms of volume, from 2020 to 2027. The rising demand for pressure sensitive tapes and labels is likely to benefit segment growth
• Packaging, medical assembly, and nonwovens are estimated to be the least affected end-use sectors for HMAs while transportation and industrial assembly are estimated to be the worst affected end-use sectors due to COVID-19 pandemic in 2020

Hot Melt Adhesives Market Segmentation

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

HMAs Products Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• EVA
• Polyurethane
• Rubber
• Polyolefin
• Others

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

• Packaging
• Assembly
• Woodworking
• Automotive
• Nonwovens
• Others

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

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

List of Key Players of Hot Melt Adhesives Market

• Henkel AG & Co. KGaA
• Arkema Group
• H.B. Fuller Company
• Dow
• Jowat SE
• Sika AG
• Avery Dennison Corporation
• 3M
• Ashland
• Beardow Adams

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 Recycling Market is Likely To Touch USD 1.4 Trillion by 2027

 Metal Recycling Market Growth & Trends

The global metal recycling market size projected to reach USD 1.4 trillion by 2027 registering a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Increasing emphasis on circular economy and growing environmental awareness are the major factors that are likely to propel the market growth over the coming years.

International efforts to enhance global recycling capabilities and the increasing availability of obsolete scrap is likely to promote industry growth in the long term. In terms of volume, steel is the most recycled metal than other materials. This is owing to the abundant availability of steel scrap. However, the outbreak of the COVID-19 pandemic is likely to cause a severe decline in the demand for 2020.

Furthermore, the growing consumption of metal in end-use industries is also likely to play a major role in driving market growth. For instance, steel is largely consumed in the automotive, construction, industrial manufacturing, and consumer goods industries. Aluminum recycling is also gaining significant momentum as recycling aluminum saves over 90% energy compared to its primary production.

Metal manufacturers are increasingly promoting recycling as an effective way to address the problem of resource scarcity and mitigate environmental impact associated with the production process. The industry is garnering significant pace as economically viable recovery of metals from the sorted recyclates is now feasible.

Asia Pacific is predicted to be the largest as well as the fastest-growing regional market from 2020 to 2027. Proper waste management and rapid urbanization are the major factors that are likely to trigger industry growth in APAC. The growing manufacturing sector in India, China, Vietnam, Thailand, Myanmar, and Indonesia is leading to increased production activities, thereby boosting the demand for metal recycling.

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Metal Recycling Market Report Highlights

• Asia Pacific captured the largest revenue share of 67% in 2019, in terms of volume, as the region is the largest producer of metals in the world
• Steel is expected to register the fastest CAGR of 6.4%, in terms of revenue, from 2020 to 2027 owing to abundant availability of steel scrap from automobiles
• The construction application segment led the market with a volume share of approximately 47% in 2019, owing to high spending in the construction sector in emerging economies of Asia Pacific
• Consumer goods is expected to register the fastest CAGR from 2020 to 2027 on account of rising demand for metal products in this sector
• Aluminum was the second-largest recycled product in 2019 owing to the high demand for aluminum for the production of lightweight vehicles

Metal Recycling Market Segmentation

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

Metal Recycling Product Outlook (Volume, Million Tons; Revenue, USD Billion, 2016 - 2027)

• Steel
• Aluminum
• Copper
• Others

Metal Recycling Application Outlook (Volume, Million Tons; Revenue, USD Billion, 2016 - 2027)

• Construction
• Automotive
• Consumer Goods
• Industrial Goods

Metal Recycling Regional Outlook (Volume, Million Tons; Revenue, USD Billion, 2016 - 2027)

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

List of Key Players of Metal Recycling Market

• European Metal recycling
• CMC
• Utah Metal Works
• GFG Alliance
• Norsk Hydro ASA
• Kimmel Scrap Iron & Metal Co., Inc.
• Schnitzer Steel Industries, Inc.
• Novelis
• Tata Steel
• Sims Metal Management 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.

Metal Magnesium Market Projected to Discern Stable Expansion by 2027

 Metal Magnesium Market Growth & Trends

The global metal magnesium market size is expected to reach USD 6.8 billion by 2027, expanding at a revenue-based CAGR of 8.8%, according to a new report by Grand View Research, Inc. Increased magnesium die casting product demand in various end-use industries is expected to drive the market.

Die casting products find wide applications in automotive, aerospace and defense, electronic casing, and housing. Despite high conductive properties, magnesium metal offers great resistance to radio and electromagnetic properties. This is likely to attract the demand in casings for phones, laptops, phones, and televisions over the coming years. Lightweight and insulative properties make these alloys useful in spacecraft, rockets, missiles, and aircraft.

The medical sector is projected to provide numerous opportunities for market vendors over the coming years. Magnesium alloys can be used in internal braces and dissolvable medical fittings. Other products such as power tools, bicycles, brackets, seat frames, sporting good equipment, ladders, and containers are also anticipated to attract significant demand over the long term.

Magnesium alloys are used as a replacement of plastics in some engineering products on account of its lower cost of production, high recycling capability, and higher stiffness. Magnesium is also used for non-structural applications such as domestic water heaters, storage tanks, and underground pipelines. It also acts as a reducing agent in the production of uranium, hafnium, zirconium, titanium, and beryllium.

Incessant production of automobiles is projected to drive the market over the long term. Automotive manufacturers are under pressure in order to reduce the weight of vehicles for improvement of fuel efficiency. Governments in various countries have imposed strict regulations for automakers to protect the environment through the reduction of pollution. Some of the key countries include the U.S., China, India, Brazil, and European countries. This is likely to boost the production of lightweight materials such as magnesium, aluminum, and plastics.

Asia Pacific is projected to attract the highest demand over the coming years on account of growing vehicle production in China, India, and Japan. Additionally, China is also the world’s largest producer of magnesium. Another key factor projected to assist the growth of the market in the region is the rapid expansion of the electronics sector, particularly in China.

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Metal Magnesium Market Report Highlights

• Aluminum alloyswas the largest application segment in 2019 and accounted for a volume of 437.7 kilotons in 2019. Increasing aluminum content in vehicles and demand for lightweight aircraft is projected to assist in the growth of the segment
• In terms of revenue, die casting is projected to attain the fastest growth rate of 9.0% from 2020 to 2027. Applications such as electronics and medical are likely to offer numerous opportunities in this segment
• Asia Pacific is anticipated to remain the fastest-growing region from 2020 to 2027. It was also the largest regional market in 2019. The growth of the region is attributed to the rapid expansion of end-use industries including automotive, electronics, and aerospace and defense

Metal Magnesium Market Segmentation

Grand View Research has segmented the global metal magnesium market on the basis of application and region:

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

• Die casting
• Aluminum alloys
• Titanium reduction
• Iron and steel making
• Others

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

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

List of Key Players of Metal Magnesium Market

• Nippon Kinzoku
• VSMPO-Avisma
• Solikamsk Magnesium Works
• Latrobe Magnesium
• Alliance Magnesium
• Esan

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.

Injection Molded Plastics Market is Anticipated to See Strong Expansion Through 2027

 

Injection Molded Plastics Market Growth & Trends

The global injection molded plastics market size is anticipated to reach USD 374.8 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.0%, over the forecast period. Growing demand from key applications including automotive, packaging, and construction particularly in countries including Brazil, Russia, India, China, and South Africa (BRICS), is likely to drive the market. The high-growth regions such as the Middle East and the Asia Pacific have witnessed a surge in capacity addition over the last few years.

The increasing presence of plastic injection molding companies in China on account of low manufacturing costs and ample availability of skilled labor is anticipated to benefit the regional market. Major foreign companies are increasing their production capabilities in the region, owing to the growing demand for plastic products. Government support in the form of tax benefits and financial incentives in China and India to increase the FDI flow has helped develop the market for plastics in these countries.

In packaging application, High-Density Polyethylene (HDPE) is extensively used in thin wall injection molding. Growing packaging demand from food, bin liners, and thing gauge bags is anticipated to drive its growth over the forecast period. Rising penetration of injection-molded HDPE in shipping containers, industrial pails, and houseware applications is anticipated to further drive its demand over the forecast period.

The recent outbreak of the COVID-19 pandemic has affected the revenue generation of the companies operating in the market owing to the halt or slowdown in the production facilities. Thus, the companies are focusing on stepping up their resources and production capabilities to help in the fight against the pandemic. For instance, G&C products, a U.S. based plastic injection mold making company that produces plastic products for the fishing and medical industry, started the production of personal protective equipment such as face shields and face masks.

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Injection Molded Plastics Market Report Highlights

• Demand for packaging is likely to rise owing to the improving economic conditions of countries such as India, Brazil, Mexico, and Russia
• In terms of revenue, demand for injection molding from the packaging industry in the Asia Pacific will reach USD 49.1 billion by 2027 at a CAGR of 5.6% from 2020 to 2027
• Growth of the electronics industry coupled with the cost-effectiveness of electrical appliances is projected to remain a key driving factor for the next eight years
• Demand from the medical sector in North America is anticipated to expand at an estimated CAGR of 4.1% from 2020 to 2027
• Packaging was the prominent application segment in France and is expected to augment at a revenue-based CAGR of 4.8% over the forecast period
• Production in the Middle East and Africa is driven by rising product demand from the Asia Pacific and European countries.

Injection Molded Plastics Market Segmentation

Grand View Research has segmented the global injection molded plastics market on the basis of raw material, application, and region:

Injection Molded Plastics Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Polypropylene
• ABS
• HDPE
• Polystyrene
• Others

Injection Molded Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Packaging
• Consumables & Electronics
• Automotive & Transportation
• Building & Construction
• Medical
• Others

Injection Molded Plastics 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
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia

List of Key Players of Injection Molded Plastics Market

• BASF SE
• LyondellBasell Industries N.V.
• Dow Inc.
• DuPont
• SABIC
• ExxonMobil Corporation
• Eastman Chemicals 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.

PV Inverter Market Size Is Predicted To Reach A Valuation Of USD 13.0 Billion By 2027

 PV Inverter Market Growth & Trends

The global PV inverter market size is expected to reach USD 13.0 billion by 2027, ascending at a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand for solar energy-generated clean electricity across several end-use markets along with the reduction in renewable power generation costs is likely to strengthen market growth over the forecast period.

Increasing demand for a steady power supply in harsh climatic conditions or remote locations has led to the enhanced deployment of off-grid solar PV systems, thereby propelling the PV inverter product demand across such locations. In addition, favorable government policies and initiatives regarding clean fuel usage agenda are expected to further bolster the industry growth.

The market is consolidated and highly competitive in terms of huge demand and vertically integrated market players. Technological advancements due to extensive R&D investments have led to more competitiveness in the industry. Some of the key competitive factors for the market include product quality, brand, maintenance, and distribution network.

Persistent pressure on equipment suppliers due to anti-dumping tariffs is anticipated to hinder the market growth over the forecast period. Such duties have been levied by several countries on account of price deterioration that has hampered the domestic market for solar equipment. The tremendous price declines have forced nations, such as the U.S., to levy anti-dumping duties on the inflow of cheaper equipment from countries, such as China.

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PV Inverter Market Report Highlights

• Central PV inverter segment occupied the largest market share in 2019 owing to wide usage of these systems in large industrial-scale applications due to high reliability and efficiency offered by them
• String product segment accounted for the second-largest market share in 2019 owing to enhanced efficiency, easy installation, and availability of three-phase variations of this product type
• Utility emerged as the largest end-use segment in 2019 owing to decreased costs of solar power & equipment, increased government subsidies, and demand for solar-generated electricity across utility-scale projects
• The residential end-use segment is expected to witness significant growth over the forecast period on account of increased demand for solar renewable energy for home appliances and other applications
• Asia Pacific accounted for the largest share in 2019 with China being the largest contributor to the regional market growth
• A growing number of solar installations in the developing nations of APAC will boost the regional market growth over the coming years

PV Inverter Market Segmentation

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

PV Inverters Product Outlook (Revenue, USD Million, 2016 - 2027)

• Central
• String
• Micro
• Others

PV Inverters End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Residential
• Commercial & Industrial
• Utility

PV Inverters Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of PV Inverter Market

• ABB
• SMA Solar Technology AG
• SunPower
• Delta Electronics, Inc.
• Siemens Energy

Solid State Battery Market Set to Witness an Uptick during 2020 to 2027

 Solid State Battery Market Growth & Trends

The global solid state battery market size is expected to reach USD 87.5 billion by 2027, escalating at a CAGR of 13% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand for solid-state batteries across end-use markets along with rising R&D focused on developing advanced batteries is likely to drive the market growth over the forecast period.

The market is also driven by the rising deployment of Electric Vehicles (EVs), increasing utility of battery energy storage systems, and the growing adoption of electronic gadgets. Solid-state batteries offer higher electrochemical stability, higher energy density, and low flammability as compared to conventional batteries. These characteristics have widened the application base, thereby enhancing the commercial value of solid-state batteries.

Industry participants are following several strategic initiatives, such as partnerships, joint ventures, and mergers and acquisitions, to enhance their foothold in the market. For instance, in April 2019, Ford Motor Company entered into a partnership with Solid Power to design and develop a product for EVs segment of the automotive sector.

High costs associated with the initial-stage product development are anticipated to hamper the market growth over the forecast period. Moreover, the outbreak of the COVID-19 pandemic has severely impacted the market supply chain that includes electrode material producers, raw material suppliers, battery pack manufacturers, and others.

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Solid State Battery Market Report Highlights

• Consumer & portable electronics segment occupied the largest market share in 2019 owing to the high demand for portable electronic devices in various end-use segments
• The EVs segment occupied the second-largest market share in 2019 owing to the increased deployment of clean energy-powered vehicles across major economies
• Below 20 mAh capacity segment is anticipated to register the fastest CAGR over the forecast period owing to the wide scope of application in low drain devices that do not require a high battery capacity
• The thin-film type segment is expected to record the fastest CAGR from 2020 to 2027 owing to the compact design and efficient recharging rate of these products
• Asia Pacific led the global market in 2019 and will retain the dominant position over the forecast years due to rising deployment of EVs across economies, such as China & India

Solid State Battery Market Segmentation

Grand View Research has segmented the global solid state battery market based on application, capacity, battery type, and region:

Solid-state Battery Application Outlook (Revenue, USD Billion, 2016 - 2027)

• Consumer & Portable Electronics
• Electric Vehicles
• Energy Harvesting
• Wearable & Medical Devices
• Others

Solid-state Battery Capacity Outlook (Revenue, USD Billion, 2016 - 2027)

• Below 20mAh
• 20mAh - 500mAh
• Above 500mAh

Solid-state Battery Type Outlook (Revenue, USD Billion, 2016 - 2027)

• Thin Film
• Portable

Solid-state Battery Regional Outlook (Revenue, USD Billion, 2016 - 2027)

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

List of Key Players of Solid State Battery Market

• Samsung SDI Co. Ltd.
• Solvay
• Cymbet
• Robert Bosch GmbH

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.