Thermochromic Materials Market to Bring In USD 7.31 Billion by End of the Forecast Period

 The global thermochromic materials market is expected to reach USD 7.31 Billion by 2025, according to a new report by Grand View Research, Inc. Growing demand for reversible thermochromic materials in application industries is expected to drive demand over the forecast period.

Growing demand for thermochromic materials in food quality indicators to determine the quality of frozen meat and dairy products coupled with increasing use of thermochromic pigments in inks, paints, and coatings is expected to drive market growth over the forecast period.

Color diversity, cost effectiveness, and manufacturing process flexibility are some of the major advantages of thermochromic materials. As a result, the demand for thermochromic pigments in novelty products is increasing significantly. In addition, the use of reversible temperature-sensitive materials in baby products and sensors is expected to aid growth over the next eight years.

Complex chemical formulation coupled with the difficulty in maintaining the formulation stability of reversible thermochromic materials is expected to hamper the demand for the materials over the forecast period. However, constant research & development projects undertaken by the manufacturers is expected aid in the development of stable reversible materials, which in turn is likely to attract demand from the application industries.

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

Further key findings from the report suggest:

• Reversible thermochromic materials are expected to grow at CAGR of 5.0% over the forecast period on account of growing demand in baby diapers, sensors and chemical containers owing to its reversible characteristic
• Irreversible materials dominated the market with over 60% of the overall revenue share due to increasing demand for the product in novelty products and textile industry over the forecast period
• Thermochromic pigments accounted or the largest volume share in 2016 and is expected to continue its dominance over the forecast period owing to the increasing use of the pigments in the manufacturing of paints and inks
• Asia Pacific is expected to be the fastest growing region over the forecast period on account of the increasing demand for reversible as well as irreversible products in textile & novelty product manufacturing, and printing industry
• The industry is fragmented with manufacturers catering to their local markets, creating a monopoly. In addition, on account of the emerging industry and slow growth, the existing manufacturers prevent new players from entering the market.

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

Thermochromic Materials Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Reversible
• Irreversible

Thermochromic Materials Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

• Food quality indicators
• Papers
• Pigments
• Thermometers
• Others

Thermochromic Materials Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

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

About Grand View Research

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

Marine Grease Market to Expand At A CAGR Of 4.4% throughout the Forecast Period

 The Report Marine Grease Market Analysis, By Thicker Type (Lithium Complex, Calcium), By End-Use (Bulk Carrier & Cargo Ships, Passenger Ships, Tankers), By Region, And Segment Forecasts, 2018 - 2025

The global marine grease market is expected to reach USD 348.4 million by 2025, according to a new report by Grand View Research, Inc. Increasing demand from the various end-use segments is a key factor driving the growth. The robust growth from shipping industry in Asia Pacific is expected to boost the market further over the forecast period.

Marine grease is a semi-solid substance, used in various vessels such as bulk carrier ships, cargo ships, tankers, passenger vessels as it provides enhanced lubrication under salty water conditions. In addition, it has numerous applications in high temperature and pressure conditions. The market is mainly driven by the demand for the bulk carriers and cargo vessels, as they are exposed to the complex operating environment during transportation of industrial and consumer goods.

In terms of revenue, lithium complex thickener accounted as the largest segment in 2016 and is anticipated to continue its trends with a growth rate of 4.7% over the forecast period. Increasing need for environmentally compatible and multi-purpose grease are the factors anticipated to propel the growth.

The demand is expected to surge owing to the development of new ports in the Asia Pacific region. Different grades as classified by the National Lubricating Grease Institute (NLGI) are used in various end-use areas as they provide the required properties such as resistance to water wash out, and corrosion prevention. Various types of NLGI graded greases are available to cater the requirement of the different types of vessels.

Access Research Report of Marine Grease Market@ https://www.grandviewresearch.com/industry-analysis/marine-grease-market

Further key findings from the report suggest:

• Lithium complex based thickener segment is expected to experience fastest growth in terms of value at a CAGR of 4.7% from 2017 to 2025 due to its property to serve as multipurpose grease
• Bulk carrier & cargo ships are expected to continue its dominance as the largest end-use segment in terms of revenue and is anticipated to reach USD 150.9 million by 2025. Rising purchasing power parity among emerging economies is expected to boost the growth of operation and maintenance of passenger ship segment which in-turn would boost the marine grease, expanding at a CAGR of 5.2% between the period from 2017 to 2025
• Asia Pacific market was valued at USD 88.2 million in 2016 and is projected to reach USD 139.8 million by 2025. Asia Pacific is expected to experience a surge in demand over the next eight years owing to new ports constructed in this region. In terms of revenue, the regional market is expected to grow at a CAGR of 5.3% between 2017 to 2025
• Key players including ExxonMobil Corporation, Chevron Lubricants, Shell Plc, Total Lubmarine, Lukoil Marine, Gulf Oil Marine, Penrite Oil are expected to hold significant share in the global market

Grand View Research has segmented the global marine grease market on the basis of end-use, thickener type and region:

End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Bulk Carrier & Cargo Ships
• Passenger Ships
• Tankers
• Others

Thickener Type Outlook (Revenue, USD Million, 2014 - 2025)

• Lithium or Lithium Complex
• Calcium
• Others

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

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

About Grand View Research

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

Fiberglass Flooring Market is Expected To Witness Immense Growth Owing To Growing Demand For Residential Buildings by 2025

 The Report Fiberglass Flooring Market Analysis By Application (Residential, Commercial, Industrial), By Region (North America, Europe, APAC, LATAM, MEA), By Country (U.S., Germany, France, China, Brazil) & Segment Forecasts, 2018 - 2025

The global fiberglass flooring market is expected to reach USD 987 million by 2025, according to a new report conducted by Grand View Research, Inc. The growing application in industrial, residential and commercial buildings owing to the longer lifespan of floors coupled with better aesthetics will drive growth over the upcoming years. Moreover, the rising demand for residential buildings in light of population growth, increasing income levels, and favorable government initiatives will aid in the industry development.

The usage of these products in the industrial sector will witness substantial revenue rise at a CAGR of 6.8% from 2016 to 2025. Factors such as low maintenance and anti-allergen are expected to spur the demand for these products over the upcoming years. Strong growth of the construction industry in emerging countries such as China, India, Singapore, Brazil, Thailand, Indonesia, Mexico, UAE, South Africa, Saudi Arabia, Qatar, and South Korea will create growth opportunities for the market in the future.

Access Research Report of Fiberglass Flooring Market @ https://www.grandviewresearch.com/industry-analysis/fiberglass-flooring-market

Further key findings from the report suggest:

• The global fiberglass flooring market demand was 107,793.2 thousand square meters in 2015 and is expected to grow significantly owing to growing demand for residential buildings in countries such as Germany, South Africa, Brazil, Mexico, and India
• The Middle East & Africa accounted for 16.5% of the global volume share in 2015 and is anticipated to witness growth on account of rapid infrastructural development in the region over the upcoming years. The presence of large construction companies such as Murray & Roberts, Fluor, Trencon Construction, Esor, Arabtec Construction LLC, Al Habtoor Group LLC, and Dutco Construction LLC will spur the demand for the product.
• The industrial construction sector is expected to witness substantial gains on account of increasing facility expansion by manufacturing companies. Moreover, the shifting of the major automotive manufacturers including Volkswagen, Audi, Toyota, Nissan, Chevrolet, BMW, and Fiat to China and India is expected to fuel the demand for fiberglass floorings in the industrial construction sector over the forecast period.
• The industry is dominated by key participants including IVC Group (Mohawk Industries), Mannington Mills, Inc., Shaw Floors, NOX Corporation, Milliken, Armstrong World Industries, Gerflor, and Tarkett
• Companies are focusing on strategic partnerships and alliances for strengthening their positions in the global market. In January 2013, the IVC Group announced the acquisition of Trinterio, which led to the introduction of two new subdivisions to the IVC Group, Spanolux, and Balterio.

Grand View Research has segmented the global fiberglass flooring market on the basis of application and region:

Application Outlook (Volume, Thousand Square Meters; Revenue, USD Million; 2014 - 2025)

• Residential
• Commercial
• Industrial

Regional Outlook (Volume, Thousand Square Meters; Revenue, USD Million; 2014 - 2025)

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

About Grand View Research

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

Food Emulsifiers Market Revenue Sales to Reach USD 7.51 Billion by 2025

 The global food emulsifiers market is expected to reach USD 7.51 billion by 2025, according to a new report conducted by Grand View Research, Inc. Growing requirement of nutritional foodstuffs, protein-rich products, and ready-to-eat snacks in Asia Pacific is estimated to drive the demand for food ingredients, including emulsifying agents, colorants, enzymes, and sweeteners. Furthermore, the presence of a broad consumer base coupled with the robust growth of the food & beverage sector is another critical driving factor that is likely to boost product consumption.

Lecithin is one of the major product categories of the market accounting for 29.1% of the volume share in 2015. Lecithin is found in both animal and plant tissues and is utilized as an emulsification ingredient for the preparation of a wide variety of bakery & dairy products. 

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

Further key findings from the report suggest:

• Dairy products accounted for 9.7% revenue share in 2015 and are likely to be one of the fastest growing applications. Rising consumption of dairy products in developing nations including China, India, and Russia is predicted to influence industry growth of key dairy processing additives, including emulsifiers.
• Europe generated revenue of USD 1.36 billion in 2015 and is anticipated to witness a stable growth over the forecast period. The implementation of stringent environmental regulations coupled with clean label trends is likely to support the stable growth in Germany, France, and other countries in the region.
• Lecithin exhibits nontoxicity and has the ability to moisturize, homogenize, and stabilize the colloidal systems. Moreover, it helps in modifying the rheological properties of victuals and also enhances their shelf life. Owing to its multifunctionality, the growth of the products is anticipated to propel significantly over the next couple of years.
• Lonza Group, Cargill, Inc., Danisco A/S, Riken Vitamin Co., Ltd., Palsgaard A/S, Beldem, BASF SE, Adani Wilmar Ltd., Archer Daniels Midland Company, Solvay S.A. Lubrizol Corporation, and Stepan Company are some of the key players operating in the global market.
• The prominent market participants such as Riken Vitamins Co., Ltd. and Palsgaard A/S are focusing on the expansion of their product portfolio by significantly investing in research & development.
• In December 2016, Cargill, Inc., announced the expansion of its emulsifier product portfolio. The company introduced a new emulsifier range that is inclusive of three plant-based lecithin products that are derived from canola, sunflower, and soy plants. Through new product launch, the company aims to meet the growing consumer requirements of label-conscious and nongenetically modified foodstuffs.

Grand View Research has segmented the global food emulsifiers market by product, application, and region:

Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 - 2025)

• Mono-, Di-glycerides & Derivatives
• Lecithin
• Stearoyl Lactylates
• Sorbitan Esters
• Others

Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 - 2025)

• Bakery & Confectionery
• Convenience Foods
• Meat Products
• Dairy Products
• Others

Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 - 2025)

• North America
  • US.
• Europe
  • Germany
  • France
• 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.

Polyurethane Market Size Projected to Rise Lucratively During the Forecast Period

 The global polyurethane market size is expected to reach USD 105.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.0% CAGR during the forecast period.Rising awareness regarding resource conservation and optimum manufacturing processes and low labor costs in developing countries are factors estimated to fuel overall market demand through 2025.

Growing demand for bio-based polyurethane (PU) as well as demand for innovation and sustainability are key factors driving the industry. Rising government interferences in order to reduce greenhouse gas (GHG) emissions are also estimated to have a positive impact on overall market growth.

Developed countries such as U.S., Canada, Germany, and U.K. have reduced carbon dioxide emissions over the past few years owing to increasing environmental concerns. The U.S. EPA and National Highway Traffic Safety Administration have issued regulations under the Energy Policy and Conservation Act to enhance fuel efficiency of vehicles and reduce carbon emissions.

Prominent players are incorporating bio-based PU to reduce reliance on conventional petrochemical derived PU and reduce the risks associated with it. Geographically, Asia Pacific emerged as a leading regional PU market in 2018 whereas Europe and North America are estimated to exhibit moderate growth over the forecast period.

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

Further key findings from the report suggest:

• By product, the flexible foam segment accounted for the largest revenue share of 26.6% in 2018 owing to rising use as a cushioning material for furniture, bedding and mattresses, seating, and other soft products in several end-use industries
• The elastomers segment is estimated to grow at the fastest pace over the forecast period owing to introduction of PU elastomers with intrinsic, self-healing properties that restore product appearance despite any damage. These are estimated to revolutionize the industry and boost segment share
• Based on application, the construction sector accounted for the largest polyurethane market share in 2018 and is estimated to exhibit a revenue-based CAGR of 6.8% in the upcoming period owing to rapid industrialization in developing countries and its excellent insulation properties
• The automotive sector is estimated to register steady growth over the forecast period owing to high mechanical strength, durability, and lightweight properties to reduce vehicle weight
• Companies such as BASF and Shepherd Chemical Company have introduced novel products, technologies, and applications for PU, which is expected to revolutionize the industry over the forecast period.

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

Polyurethane Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

• Rigid Foam
• Flexible Foam
• Coatings
• Adhesives & Sealants
• Elastomers
• Others

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

• Furniture
• Construction
• Electronics & Appliances
• Automotive
• Footwear
• Packaging
• Others

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

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

About Grand View Research

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

Personal Protective Equipment Market Size, Industry Share And Growth Analysis For 2020-2027

 The global personal protective equipment market size is expected to reach USD 84.7 billion by 2027, according to a new report by Grand View Research, Inc., registering a 6.6% CAGR over the forecast period. Increasing need for respiratory equipment in mining, emergency response, military and law enforcement, healthcare, and fire services, coupled with rising instances of injuries at the workplace, is anticipated to propel the market over the coming years.

Occupational safety regulations play a major role in driving the market for personal protective equipment. Mandated policies for companies to maintain worker safety in industries is anticipated to drive demand for PPE. These regulations mention the type of personal protective equipment required for protection during different industrial or commercial processes.

Increasing blue-collar workforce in line with growing number of construction and manufacturing projects is expected to inevitably raise the risk of occupational hazards. This has compelled companies to increase the level of awareness pertaining to health hazards and adhere to occupational health and safety regulations. This is projected to spur the demand for personal protective equipment over the forecast period.

Governments of various countries such as India and China have mandated the use of protective footwear in order to ensure the safety of employees. Rising demand for protective footwear in various end-use industries like construction, mining, oil and gas, food, and pharmaceuticals is anticipated to have a positive impact on PPE market demand through 2027.

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

Further key findings from the report suggest:

• The fall protection equipment segment is expected to register a CAGR of 7.0% from 2020 to 2027 on account of rising number of accidents caused in manufacturing and construction industries
• Protective clothing accounted for 22.1% of the global revenue in 2019 owing to shifting customer preference toward efficient and comfortable clothing in core industries such as oil and gas, construction, and mining
• Respiratory protection equipment includes air-purifying and supplied air respirators and the segment accounted for 13.5% of the revenue in 2019. This is attributed to rising demand for unpowered respirators particularly in mining, petrochemical, and oil and gas sectors
• PPE in the construction industry accounted for 16.7% of the global revenue in 2019 owing to growing construction activities and infrastructural developments in Asia Pacific and Central and South America
• North America accounted for 29.3% of the global PPE market in 2019 owing to stringent regulatory scenario, growing employee awareness regarding personal safety, and increasing number of large-scale infrastructure investment projects in U.S.
• Key players in personal protective equipment market are partnering with other companies in order to gain a competitive advantage in terms of manufacturing active insulation solutions. It also enables them to use advanced technologies in the field.

Grand View Research has segmented the global personal protective equipment market on the basis of product, end use, and region:

Personal Protective Equipment (PPE) Product Outlook (Revenue, USD Million, 2016 - 2027)

• Head, Eye & Face Protection
• Hearing Protection
• Protective Clothing
  • Heat & flame protection
  • Chemical defending
  • Clean room clothing
  • Mechanical protective clothing
  • Limited general use
  • Others
• Respiratory Protection
  • Air-purifying respirator
  • Supplied air respirators
• Protective Footwear
  • Leather
  • Rubber
  • PVC
  • Polyurethane
  • Others
• Fall Protection
• Hand Protection
  • Disposable gloves
    • By type
      • General purpose
      • Chemical handling
      • Sterile gloves
      • Surgical
      • Others
    • By material
      • Natural rubber
      • Nitrile gloves
      • Neoprene
      • Vinyl gloves
      • Others
    • Durable gloves
      • Mechanical gloves
      • Chemical handling
      • Thermal/flame retardant
      • Others
    • Others

Personal Protective Equipment (PPE) End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Construction
• Manufacturing
• Oil & Gas
• Chemicals
• Food
• Pharmaceuticals
• Transportation
• Mining
• Others

Personal Protective Equipment (PPE) Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • France
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Thailand
  • Malaysia
• Central & South America
  • Brazil
  • Argentina
• Middle East
  • Saudi Arabia
  • United Arab Emirates
• 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.

Attractive Market Opportunities in the Polyvinyl Chloride Market by 2020

 The global polyvinyl chloride market size is expected to reach USD 79.11 billion by 2020, according to a new study by Grand View Research, Inc. Increasing construction and infrastructure spending in emerging markets of Asia Pacific and Latin America is expected to remain a key driving factor for global polyvinyl chloride (PVC) demand. In addition, growth of global automotive industry is also expected to have a positive influence on the market. Volatile raw material prices coupled with the stringent regulatory scenario, particularly in North America and Europe to limit or minimize PVC use for medical applications are expected to remain key challenges for market participants. In order to overcome such challenges, the industry has shifted its focus towards developing bio-based alternatives to PVC which is expected to provide future opportunities for market participants.

Construction emerged as the leading application segment and accounted for 55.7% of the total market volume in 2013. Increasing construction spending in BRICS nations on account of organization of global events such as FIFA World Cup and Summer Olympics in these nations is expected to drive the demand for PVC in construction industry. Electrical & electronics is expected to be the fastest growing application segment at an estimated CAGR of 5.4% from 2014 to 2020. Growth of Chinese and Taiwanese electronics industry is expected to spur growth for PVC in electrical & electronics industry.

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

Further key findings from the study suggest:

• Global PVC demand was 38.50 million tons in 2013 and is expected to reach 53.81 million tons by 2020, growing at a CAGR of 5.0% from 2014 to 2020.
• Asia Pacific emerged as the leading regional market for PVC and accounted for 58.1% of total market volume in 2013. Growth of construction industry, particularly in China, India and Indonesia is expected to drive PVC demand in the region.
• Middle East & Africa is expected to be the fastest growing region for polyvinyl chloride market at an estimated CAGR of 5.9% from 2014 to 2020. Growth of major end-use industries such as construction, automotive and electrical & electronics in Saudi Arabia and South Africa is expected to drive the demand for PVC in this region.
• Some of the major companies in operating in the global PVC market include Shin-Etsu Chemical Co. Ltd., Formosa Plastics Group, Axiall Corporation, Mexichem S.A.B., BASF, Georgia Gulf Corp., Arkema S.A., and Westlake Chemica Corp, Sinopec Group, Solvay S.A., KEM One and Xinjiang Zhongtai Chemical Co. Ltd.

Grand View Research has segmented the global polyvinyl chloride market on the basis of application and region:

Polyvinyl Chloride Application Outlook (Volume, Million Tons; Revenue, USD Million, 2012 - 2020)

• Construction
• Consumer Goods
• Packaging
• Electrical & Electronics
• Transportation
• Others

Polyvinyl Chloride Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2012 - 2020)

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

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.

Plastics Market is anticipated to rise at a CAGR of 3.2% from 2020 to 2027

 

Plastic Market Growth & Trends

The global plastic market size is expected to reach USD 722.6 billion by 2027, expanding at a CAGR of 3.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing automotive production and subsequent rise in plastics consumption in automotive component fabrication because of regulatory policies pertaining to vehicular weight reduction and fuel efficiency is expected to drive the market over the forecast period. Plastic facilitate fuel saving in automotive applications on account of reduced car weight and density as compared to conventional materials such as metals or rubber.

Since the last decade, there has been a substantial demand for the products as replacement for metals and ferrous alloys across various industries such as consumer goods, automotive, and industrial machinery. The growth of the market criticality lies on various factors such as ever-increasing requirement of end users in terms of product specification and versatility influencing consumption dynamics. Other factors such as socio-political, production process, and feedstock availability events also have a significant impact on industry trends.

Rapidly developing construction and automobile markets in Asia Pacific is expected to increase the demand for plastic in interiors, exteriors, and under hood components. Its major applications include under hood components in the automotive industry, building interior and exteriors in the construction and infrastructure industries, and various applications in electronics and durables.

However, the outbreak of highly contagious COVID-19 across the globe is severely affecting manufacturing industries, which, in turn, is anticipated to negatively impact the growth of the market. As COVID-19 continues to spread across the world, work from home rules, order cancellations, and shipping complications are surging throughout the plastics industry.

End-use industries such as automotive, consumer electronics, furniture and bedding, and construction are witnessing a sharp decline in terms of demand and production. This is owing to the reducing discretionary spending, increasing spending on essential items such as food and medical products, factory shutdowns, limitations on supply and transport, and a slowdown in infrastructure development activities across the globe. This, in turn, is anticipated to hamper the market. Moreover, rising number of COVID-19 positive cases across the globe is expected to result in an increased demand for medical devices, thereby positively influencing the growth of the market in medical device application such as ventilators, testing equipment, gloves, and masks.

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

Plastic Market Report Highlights

• Raw materials used in plastic include hydrocarbon fuels (coal, natural gas and crude oil), salt, and sand. PE production in North America is dependent mainly on natural gas, which is available at a very low cost in the region. PE producers in the region are, thus, highly competitive
• Asia Pacific dominated the market during the forecast period from 2020 to 2027 and is projected to witness a CAGR of 3.9%
• Polyether ether ketone is expected to witness a CAGR of 6.2% in terms of volume during the forecast period. They are widely used in engineering applications owing to their characteristics, which include being colorless and organic
• Various strategic initiatives were recorded over the past few years in order to boost the growth of the market. For instance, in April 2020, Exxon Mobil Corporation announced to increase the monthly production of specialized polypropylene by 1,000 tons to meet the growing need for medical masks and gowns owing to the spread of coronavirus. This surge in the production of polypropylene is expected to help medical masks and gown manufacturers to produce an additional 20 million gowns or 200 million medical masks.

Plastic Market Segmentation

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

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

• Polyethylene (PE)
• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinyl chloride (PVC)
• Polyethylene terephthalate (PET)
• Polystyrene (PS)
• Acrylonitrile butadiene styrene (ABS)
• Polybutylene terephthalate (PBT)
• Polyphenylene Oxide (PPO)
• Epoxy Polymers
• Liquid Crystal Polymers
• Polyether ether ketone (PEEK)
• Polycarbonate (PC)
• Polyamide (PA)
• Polysulfone (PSU)
• Polyphenylsulfone (PPSU)
• Others

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

• Packaging
• Construction
• Electricals
• Automotive
• Medical Devices
• Agriculture
• Furniture & Bedding
• Consumer Goods
• Utility
• Others

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Poland
• China    
• Asia Pacific (excluding China)
  • India
  • Japan
  • Southeast Asia
• Central & South America
  • Brazil
  • Argentina
  • Chile
  • Colombia
  • Other CSA
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Oman
  • Kenya
  • South Africa

List of Key Players of Plastic Market

• BASF SE
• SABIC
• Dow Inc
• DuPont de Nemours, Inc
• Evonik Industries
• Sumitomo Chemical Co., Ltd.
• Arkema
• Celanese Corporation
• Eastman Chemical Company
• Chevron Phillips Chemical Co., LLC
• Lotte Chemical Corporation
• Exxon Mobil Corporation
• Formosa Plastics Corporation
• Covestro AG
• Toray Industries, Inc.
• Mitsui & Co. Plastics 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.

Expansion of Luxury Hair Care Market During 2020 – 2027 to Gain Robust Traction

 Luxury Hair Care Market Growth & Trends

The global luxury hair care market size is anticipated to reach USD 31.50 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.9% from 2020 to 2027. Increasing e-commerce sales and growth of the male wellness sector are some of the major factors contributing to the rising demand for the product worldwide.

Luxury haircare brands are expected to focus more on the packaging design of products to appeal to an expanding ‘influencer generation’ in the country who keep on sharing their haircare moments with their friends or/and followers on social media. OUAI, a Los Angeles-based disruptive luxury haircare brand, studied consumer trends extensively on social media to power a product strategy.

Asian consumers, most notably Chinese, Japanese, and Indians, see luxury cosmetics (including hair care products) as a form of social capital that marks them apart in society. High-end consumers in the Asian markets increasingly prefer luxury haircare brands that resonate on a cultural level. In the coming years, multinational luxury hair care firms are expected to introduce boutique brands to incorporate local aesthetics to increase product appeal among consumers.

Asia Pacific emerged as the largest regional market for luxury hair care in 2019. This region is forecast to maintain its lead throughout the forecast timeframe, given the increasing popularity of prestige products among an expanding consumer base. In an effort to stem the rapid spread of the coronavirus, countries across the Asia Pacific, most notably India, continue to push for social distancing rules, thereby forcing individuals to stay indoors. Such moves, in turn, are expected to have a negative impact on the growth of the regional market, mainly throughout the remainder of 2020.

The market is characterized by intense competition, with international brands dominating the market. The market is likely to mirror the trends prevalent within the luxury skincare space over the forecast period. In this respect, CBD-based luxury hair care products are expected to gain traction, notably among millennials in the U.S.

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Luxury Hair Care Market Report Highlights

• In terms of product, the shampoos segment led the market and accounted for 31.4% share of the overall revenue in 2019
• Asia Pacific held the largest share of 39.3% in 2019
• Acquisitions emerged as the key strategy deployed by market players to stay abreast of the competition.

Luxury Hair Care Market Segmentation

Grand View Research has segmented the global luxury hair care market based on the product, distribution channel, and region:

Luxury Hair Care Product Outlook (Revenue, USD Million, 2016 - 2027)

• Shampoos
• Conditioners
• Hair Coloring Products
• Hair Styling Products
• Hair Oils
• Others

Luxury Hair Care Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Supermarkets & Hypermarkets
• Departmental Stores
• Specialty Stores
• E-commerce
• Others

Luxury Hair Care Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Luxury Hair Care Market

• L'Oréal
• Estee Lauder Companies
• SEVEN, LLC.
• Alcora Corporation
• Kao Corporation
• KOSÉ 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.

Smart Home Appliances Market Revenue is expected to Reach USD 92.72 Billion by 2027

 Smart Home Appliances Market Growth & Trends

The global smart home appliances market size is anticipated to reach USD 92.72 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.1% from 2020 to 2027. The market is likely to witness significant growth in the years to come on account of the growing geriatric population, improved M-2-M communication systems, new product development, and improvements in the Internet of Things (IoT).

Technology is responsible for providing effective energy saving solutions, which are backed by various initiatives and favorable reforms undertaken by the government bodies in developed regions, including Europe and North America. High-end devices, coupled with technologically advanced features, such as IP and Bluetooth, render a large proportion of the overall population with unaffordable technology, which, in turn, is expected to drive demand.

Increasing spending on home improvement projects or home remodeling is boosting the product demand owing to rising home and mortgage prices. In addition, rapid developments and advancements in the IT infrastructure and wireless communication enable easy assimilation of the home appliances compatible with mobile devices, such as smartphones, laptops, and tablets. As a result of which, it allows the consumers to control and optimize the operations of the refrigerators from remote locations.

Moreover, the higher indulgence of Americans in smart devices and smart homes is ramping up the sales of smart washing machines owing to the increased prominence of connected devices. According to Digitized House Media, 3 out of 5 people in America buy smart home products in order to monitor their houses through their smartphones. According to a blog by NPS Publishing, smart home penetration was 7.5% in 2018, which is likely to hit 19.5% by 2022. Thus, increasing movement in the industry is widening the scope of smart appliances in households, which is expected to drive sales of smart washing machines.

Smart air purifiers are expected to witness the fastest growth in the years to come on account of increasing health consciousness and awareness regarding these purifiers. Stringent government regulations to improve the air quality standards, including the Clean Air Act established by the U.S. Environmental Protection Agency (EPA) in 1970, have been associated with establishing national air quality standards. In addition, the establishment of large commercial offices and buildings in countries, such as the U.S. and Canada, has increased the application scope of the product in the region. According to the WHO, in 2015, around 50% of global deaths caused by air pollution were registered in China and India. Moreover, 13 out of 20 most polluted cities in the world are located in India. According to a 2017 Greenpeace report, air pollution causes 1.2 million premature deaths in India every year.

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Smart Home Appliances Market Report Highlights

• By product, smart washing machines dominated the market with a share of 31.9% in 2019. This is attributed to greater penetration of smartphones and a wireless internet connection, which is helping increase the adoption rate of smart appliances, such as smart washing machines, across the residential sector
• In terms of revenue, offline distribution channel dominated the market with a share of 64.5% in 2019. This is attributed to the higher preference for convenience, specialty, and branded stores
• The smart air purifiers product category is expected to expand at the fastest CAGR of 17.9% from 2020 to 2027. Increased attention to the hygiene factor across the globe, especially as a resultant of the COVID 19 pandemic, is fueling the growth of the segment.

Smart Home Appliances Market Segmentation

Grand View Research has segmented the global smart home appliances market by product, distribution channel, and region:

Smart Home Appliances Product Outlook (Revenue, USD Million, 2016 - 2027)

• Smart Refrigerators
• Smart Washing Machines
• Smart Air Purifiers
• Smart TVs
• Others

Smart Home Appliances Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Offline
• Online

Smart Home Appliances Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Smart Home Appliances Market

• Samsung
• BSH
• GE
• Whirlpool
• LG
• Electrolux
• Panasonic
• Haier
• Koninklijke Philips N.V.
• Xiaomi 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.

Rice Noodles Market to Expand at a CAGR of 14.2% Through 2027

 Rice Noodles Market Growth & Trends

The global rice noodles market size is expected to reach USD 9.51 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 14.2% from 2020 to 2027. The growing popularity of Asian cuisine across the globe is playing a crucial role in expanding the scope of the market. Along with that, health benefits associated with rice noodles are fueling the growth of the market. A 2-ounce serving of rice noodles contains less than 0.3 grams of fat, which helps in keeping the amount of calories consumed low. It is also rich in manganese, which is essential for metabolism, thereby helping in regulating blood sugar and decreasing inflammation in the body.

Asian restaurants have also been playing a fundamental role in enhancing the penetration of the product across the globe. Noodles & Company, a dine-in, carryout/online ordering and catering restaurant chain, has been serving rice noodles in order to create gluten-free dishes. In August 2016, Explore Cuisine launched Brown Rice Pad Thai Noodles. These are made using organic, nutrient-rich whole grains, and are certified organic and vegan, non-GMO, and gluten-free. These are available in packs of 2-ounce and contains 4 grams of protein.

Asia Pacific accounted for the largest share of 65.0% in 2019. These products are a part of the staple of Asian cuisine and are used for cooking a variety of dishes in the region. Strong demand for such products in countries of the Far East and Southeast Asian countries is expected to fuel the growth of the regional market in the near future.

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Rice Noodles Market Report Highlights

• The stick segment accounted for a share of more than 40.0% in 2019. This is attributed to its versatility, which has led to its adaptation according to the regional taste of various countries
• The vermicelli product segment is expected to witness the fastest growth during forecast years with a CAGR of 15.0% from 2020 to 2027. The thin texture that makes it suitable for quick cooking is playing a crucial role in the rapid adoption of the product
• The conventional cooking method accounted for a share of more than 50.0% in 2019. Conventional variants can be cooked with a large variety of ingredients, providing the freedom to shape the taste and flavor of the dish
• By distribution channel, hypermarkets and supermarkets accounted for a share of more than 45.0% in 2019. Easy access to such products as staple food items in supermarkets is expected to remain a favorable factor for the segment growth.

Rice Noodles Market Segmentation

Grand View Research has segmented the global rice noodles market on the basis of product, cooking method, distribution channel, and region:

Rice Noodles Product Outlook (Revenue, USD Million, 2016 - 2027)

• Vermicelli
• Stick
• Wide
• Others

Rice Noodles Cooking Method Outlook (Revenue, USD Million, 2016 - 2027)

• Instant
• Conventional

Rice Noodles Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Hypermarkets & Supermarkets
• Convenience Stores
• Online Stores & D2C

Rice Noodles Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • The U.S.
• Europe
  • Italy
• Asia Pacific
  • China
  • Japan
  • Thailand
  • Vietnam
• Central & South America
  • Brazil
• Middle East & Africa

List of Key Players of Rice Noodles Market

• Thai President Foods Public Company Limited
• NONGSHIM CO., LTD.
• TOYO SUISAN KAISHA, LTD.
• Nasoya Foods USA, LLC
• Nona Lim, LLC.
• McCormick & Company, Inc.
• Lotus Foods, Inc.
• Annie Chun’s, Inc.
• Embridge Foods, Inc.
• Natural Earth Products, Inc.

About Grand View Research

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

Cocoa Nibs Market Analysis ,Industry Growth And Future Scope

 Cocoa Nibs Market Growth & Trends

The global cocoa nibs market size is expected to reach USD 1.99 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.9% from 2020 to 2027. Growing application of cocoa nibs in the food and beverages industry on account of its nutty and chocolatey flavor, coupled with exceptional nutritional properties, is expected to remain a key factor for the market growth. Moreover, increasing use of these nibs in frozen desserts and beverages, such as smoothies and coffees, is offering new scope for the global market.

Increasing adoption of these crushed product forms in confectionery, bakery, and dessert products among all age groups is expected to have a positive influence on market growth. Health benefits associated with products also play a substantial role in driving the demand for these products. Another important factor anticipated to influence the growth prospects of the market is the launch of different kinds of products in the global market.

The household application segment is expected to expand at the fastest CAGR of 8.1% from 2020 to 2027. With shifting consumers’ preference for a healthy lifestyle, nutritious and rich flavored products are increasingly adopted by consumers. People are increasingly using cocoa nibs for making cakes, cookies, smoothies, flavored milk, and they are also simply consumed as snacks.

North America was the largest regional market, accounting for a share of more than 30.0% in 2019 as the U.S. is one of the largest consumers of chocolates in the world. Demand for the organic products is significantly increasing in the country owing to shifting consumers’ preference for organic and healthy foods, which is expected to expand the scope of cocoa nibs at the national level.

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Cocoa Nibs Market Report Highlights

• The conventional product segment accounted for a share of more than 70.0% in 2019 and is anticipated to maintain the lead over the forecast period owing to the extensive range of products available in the global market
• The commercial application segment held the largest share of more than 65.0% in 2019. The confectionery sector is the largest consumer of cocoa nibs while the bakery and beverage industries are among the fastest-growing segments in terms of usage
• The organic product segment is expected to witness the fastest growth with a CAGR of 8.2% from 2020 to 2027 owing to higher adoption of organic and natural foods among consumers across the globe
• Asia Pacific is anticipated to foresee the fastest growth with a CAGR of 8.6% from 2020 to 2027. The consumption of various types of chocolatesis continuously increasing in countries, such as China and India, owing to shifting consumers’ food preferences, improving lifestyles, and increasing disposable income at the domestic level.

Cocoa Nibs Market Segmentation

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

Cocoa Nibs Product Outlook (Revenue, USD Million, 2016 - 2027)

• Conventional
• Organic

Cocoa Nibs Application Outlook (Revenue, USD Million, 2016 - 2027)

• Commercial
• Household

Cocoa Nibs Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Cocoa Nibs Market

• Barry Callebaut AG
• Cocoa Family Farms
• United Cocoa Processor, Inc.
• Navitas Organics
• Fine Cocoa Products Corporation
• Sunfood
• Viva Naturals
• NOW Foods
• Urban Platter
• BMV International

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.

Packaged Burgers Market Outlook, Leading Manufacturers, Industry Analysis And Forecast

 Packaged Burgers Market Growth & Trends

The global packaged burgers market size is expected to reach USD 5.58 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.0% from 2020 to 2027. Rising demand for convenience food is the key factor driving the market. Consumers across the world have been seeking ready-to-eat and ready-to-cook foods owing to changing lifestyles, hectic schedules, and lack of time to prepare food. Furthermore, an increasing number of dual-earner households across the globe have been boosting the demand for the product.

The frozen product dominated the market with more than 80.0% share in 2019. Longer shelf life and easy to cook aspects of the frozen product have pushed the demand for the product. Producers in the industry have been offering better-for-you ingredients in order to gain traction among the consumers. In addition, products addressing the specific dietary requirements, including vegan, dairy-free, gluten-free, and high in protein, are gaining popularity among the consumers.

Veg patty-based products held over 55.0% share of the global revenue in 2019. Increasing demand for plant-based products has been fueling the growth of the veg patties over the world. With the growing concerns about the impact of food production on the environment and animal cruelty, the vegan population has been expanding over the world. As a result, demand for meat-alternative food has been rising over the years.

The introduction of innovative meat-alternative products that offer meat-like texture, flavor, and mouthfeel experience has boosted the sales of the veg patty remarkably. In September 2019, Nestlé’s Sweet Earth Foods launched its plant-based Awesome Burger. The product delivers the texture and taste of beef and is made with yellow pea protein.

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Packaged Burgers Market Report Highlights

• Asia Pacific is expected to witness the fastest growth during forecast years with a CAGR of 10.0% from 2020 to 2027. Rising demand for ready-to-eat and ready-to-cook food in countries, including China, Japan, Australia, and India, is expected to fuel the growth of the market in the region
• Frozen products held the largest share of more than 80.0% in 2019 owing to their longer shelf life
• The veg patty segment accounted for more than 55.0% share of the total revenue in 2019. Rising demand for plant-based foods at the global level is expected to remain a favorable factor for the segment growth.

Packaged Burgers Market Segmentation

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

Packaged Burgers Product Outlook (Revenue, USD Million, 2016 - 2027)

• Frozen
• Fresh

Packaged Burgers Patty Outlook (Revenue, USD Million, 2016 - 2027)

• Veg
• Non-veg

Packaged Burgers Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Supermarkets & Hypermarkets
• Convenience Stores
• Online
• Others

Packaged Burgers Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Packaged Burgers Market

• Beyond Meat
• BUBBA foods, LLC
• Kellogg’s
• The Kraft Heinz Company
• Nestlé
• Paragon Quality Foods
• Impossible Foods Inc.
• Cremonini S.p.A.
• Premium Brands Holdings Corporation
• PRAEGER'S SENSIBLE FOODS

About Grand View Research

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

Margarine Market is Expected to Enhance USD 4.32 Billion Revenue By 2027

 Margarine Market Growth & Trends

The global margarine market size is expected to reach USD 4.32 billion by 2027, expanding at a CAGR of 2.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing number of health conscious consumers is expected to drive the demand for the product as it contains low fat, low calorie, and low cholesterol. Furthermore,the consumption pattern will shift towards healthier and heart-friendly alternatives in the near future due to growing aging population 

Increasing application of the product in the bakery and confectionary industry is a key factor fueling the market growth. Margarine has gained significant popularity as an affordable, healthier, and sustainable ingredient among numerous food manufacturers. As a result, in terms of application, the commercial segment dominated the market in 2019.

In terms of product, hard margarine led the market with over 50% share of the total revenue in 2019. It is the most used form of the product in the food industry. Rising acceptance of packaged cookies and biscuits has widened the opportunity for hard margarine over the world. Liquid margarine is expected to witness the fastest growth over the forecast period owing to its lower fat content.

Key competitors in the industry include Unilever; Bunge Limited; NMGK Group; Conagra Brands, Inc.; Wilmar International Ltd.; BRF; Yildiz Holding; Cargill, Incorporated; Uni-President; Upfield; China Mengniu Dairy Company Limited; and Namchow. Merger & acquisition and new product launch are the key strategies adopted by the margarine manufacturers. For instance, in July 2018, Kohlberg Kravis Roberts & Co. L.P. (KKR) completed its acquisition of Unilever’s Spreads business. KKR acquired the business for USD 8.04 billion and it includes Unilever’s Country Crock, Becel, Flora, and Blue Band brands. This acquisition helped to reshape and enhance the product portfolio of the Spreads business.

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Margarine Market Report Highlights

• In terms of product, the hard segment dominated the market in 2019 with over 50% share of the global revenue owing to extensive application scope of the product in the bakery and confectionary industry
• The household application segment is expected to expand at the fastest CAGR of 2.8% from 2020 to 2027. This growth is attributed to increasing importance of healthy spreads during breakfast and dinner among the millennials
• Asia Pacific is expected to exhibit the fastest CAGR of 3.2% from 2020 to 2027 owing to growing demand for the product in countries, such as China and India
• Major players in the margarine market include Unilever; Bunge Limited; NMGK Group; Conagra Brands, Inc.; Wilmar International Ltd.; BRF; Yildiz Holding; Cargill, Incorporated; Uni-President; and Upfield.

Margarine Market Segmentation

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

Margarine Product Outlook (Revenue, USD Million, 2016 - 2027)

• Hard
• Soft
• Liquid

Margarine Application Outlook (Revenue, USD Million, 2016 - 2027)

• Commercial
• Household

Margarine Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

About Grand View Research

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

Extruded Snacks Market Is Expected To Gain Significant Traction Over The Forecast Period

 Extruded Snacks Market Growth & Trends

The global extruded snacks market size is expected to reach USD 74.52 billion by 2027, expanding at a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. Increasing consciousness among consumers regarding their snacking habits and rising adoption of healthy products during snacking time are the key factors boosting the market growth.

Moreover, growing party culture among millennials and working-class population across the globe is anticipated to offer growth opportunity for the market over the forecast period. Extruded snacks are considered beneficial in many ways as they help in weight management and improving metabolism. Furthermore, these healthy products offer various nutrients and vitamins to the body, thus promoting the adoption among all the consumer groups.

Europe emerged as the largest regional market for extruded snacks in 2019 with a share of more than 40.0% based on volume owing to high consumption of extruded snacks on social occasions as well as for on-the-go snacking. In recent years, the region has witnessed a significant increase in the demand for wholegrain wheat and other cereals snacks. These trends are anticipated to boost the demand for extruded snacks in the region over the forecast period.

The extruded snacks market is fragmented owing to the presence of a large number of local as well as international players. Moreover, major market share is captured by some of the strong players, including Nestlé S.A.; The Kellogg Company; Calbee, Inc.; PepsiCo, Inc.; and Campbell Soup Company, with large customer base across the globe. Moreover, major players are adopting various strategies, including merger and acquisition, for expanding their customer base. For instance, in October 2018, Calbee, Inc. acquired a British brand, Seabrook Crisps in order to strengthen its presence in Europe.

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Extruded Snacks Market Report Highlights

• By product, potato accounted for a share of more than 25% based on volume as well as revenue in 2019. It is expected to maintain its lead over the forecast period owing to large consumption of potato based extruded snacks, including chips and pallet snacks
• The online retail distribution channel is anticipated to be the fastest growing segment with a revenue-based CAGR of 5.4% from 2020 to 2027. The growth of online retail is attributed to its easy, comfortable, and convenient accessibility, coupled with doorstep delivery
• Europe emerged as the largest regional market for extruded snacks in 2019 with a share of more than 40.0% based on volume owing to high consumption of product on social occasions as well as for on-the-go snacking
• Key players in the market include Nestlé S.A.; The Kellogg Company; General Mills Inc.; PepsiCo, Inc.; Campbell Soup Company; Calbee, Inc.; ITC Limited; Old Dutch Foods Inc.; Europe Snacks; and Universal Robina Corporation.

Extruded Snacks Market Segmentation

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

Extruded Snacks Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)

• Potato
• Corn
• Rice
• Tapioca
• Mixed Grains
• Others

Extruded Snacks Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)

• Supermarkets & Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Retail
• Others

Extruded Snacks Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2016 - 2027)

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

About Grand View Research

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