Glue Laminated Timber Market to Expand with Significant CAGR During the Forecast Period

 The global glue laminated timber or glulam market is anticipated to reach USD 8.0 billion by 2025, according to a new report by Grand View Research, Inc. The global sustainability concerns along with the persistent energy crisis are among the major factors that are expected to propel market growth over the years to come. The transition from concrete- and steel-based construction to wood building materials is set to actuate demand from the market over the next eight years.

Significant attributes such as high insulation, promising thermal performance, as well as high chemical resistance, are projected to influence the market positively. In addition, the advantages such as low cost and ease of construction offered by glulam relative to other building materials have made it affordable for all consumer segments.

The demand for wood-based residential buildings, including single-family homes and multifamily apartments, is increasing due to their aesthetic appeal and design flexibility. Various benefits, such as improved fire resistance and durability, of the product are expected to augment market growth over the forecast period.

Residential and commercial segments are expected to collectively account for around 80% of the global market revenue by 2025. The growing demand from these segments is attributed to the low cost of construction and easy maintenance of glue laminated timber. Innovations in building and design technologies are projected to boost the demand for glulam products over the forecast period.

Asia Pacific is likely to emerge as the leading region owing to the growing popularity of glue laminate as a building material, along with various government regulations. Growing number of manufacturers of the product in North America and growing research & development for technological advancements are expected to propel the market. Easy availability of timber in forests of Central European countries and the presence of advanced timber processing industries are the prime factors responsible for market growth in Europe. Countries like Canada, the U.S., Italy, Japan, Australia, and China are rapidly developing markets for glue laminated timber.

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

Further key findings from the report suggest:

• The market is likely to register a CAGR of 5.9% in terms of value from 2017 to 2025 on account of growing concerns regarding environmental degradation as well as increasing awareness among consumers. The residential segment is expected to exhibit the highest CAGR from 2017 to 2025 owing to the expanding application scope in the sector for glulam due to its aesthetic appeal.
• Europe was valued at USD 2.13 billion in 2016 and is expected to witness significant consumption in the future, aided by the presence of Italy and Germany as major markets for glulam
• Key market players include Boise Cascade Co.; Calvert Company, Inc.; Pfeifer Holz GmbH; Setra Group AB; Canfor Corporation; Schilliger Holz AG.; Structurlam; Mayr-Melnhof Holz Holding AG; Binderholz GmbH; B & K Structures; Eugen Decker Holzindustrie KG; and Meiken Lamwood Corp. The companies mainly focus on extensive innovation and increasing their production capacities to meet the global demand.

Grand View Research has segmented the glue laminated timber market on the basis of application and region:

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

• Residential
• Commercial
• Others

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

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

About Grand View Research

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

Automotive Glazing Market to Grow at CAGR of 4.2% through 2025

 The global automotive glazing market size is expected to reach USD 33.02 billion by 2025, expanding at a CAGR of 4.2%, according to a new report by Grand View Research, Inc. Rising demand for advanced passenger protection in automobile owing to rising road fatalities is expected to propel growth for glazing systems.

Automotive production volume is the primary factor influencing the industry trends. Growing acceptance of lightweight components in cars contributing to improved fuel efficiency is expected to propel industry growth. Innovations in the glazing technology by industry players to offer high impact bearing materials with attractive colors and designs is likely to drive demand.

Nippon Sheet Glass Company Limited (NSG), Asahi, Saint Gobain S.A. and Fuyao Glass Industry Group Co., Ltd. together dominated the industry in 2016 accounting over 70% of the overall demand. The new entrants are likely to face a threat from these giants owing to their large production capacities, well-established consumer base, and the broad geographical reach.

Glass has been dominating the industry and accounted for a share of over 95% of the overall consumption in 2016. However, rising inclination of automotive manufacturers to replace the glass with lightweight polycarbonate materials is expected to hamper its share. As a result, the industry players are likely to invest in plastic glazing technologies to meet the rising product demand.

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

Further key findings from the report suggest:

• The product penetration is anticipated to be the highest for passenger cars owing to growing production volumes as compared to its counterparts coupled with high demand for lightweight vehicles with panoramic roofs and better aesthetics
• The demand in Europe was valued at USD 7.08 billion in 2016, which is attributed to the presence major car manufacturers in the region including Volkswagen, Fiat, and Daimler AG in the region
• The polycarbonate demand in the industry was USD 1.42 billion in 2016 and is likely to grow at a CAGR of 12.8% from 2017 to 2025, on account of its high impact resistance, thermal strength, and ease in designing as compared to its counterparts
• India is expected to be the fastest growing automotive glazing market in Asia Pacific growing at a CAGR of 7.7% from 2017 to 2025, owing to high investments in the automotive manufacturing sector by international players
• Regional expansion and product innovation to meet the standards required in innovative car designs are the key strategies undertaken by the manufacturers to strengthen their foothold in the industry

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

Automotive Glazing Product Outlook (Volume, Million Meter Square; Revenue, USD Million, 2014 - 2025)

• Tempered glass
• Laminated glass
• Polycarbonate

Automotive Glazing Application Outlook (Volume, Million Meter Square; Revenue, USD Million, 2014 - 2025)

• Front windshield
• Rear windshield
• Sidelites
• Sunroof

Automotive Glazing End-Use Outlook (Volume, Million Meter Square; Revenue, USD Million, 2014 - 2025)

• Passenger Cars
• LCV
• HCV

Automotive Glazing Regional Outlook (Volume, Million Meter Square; Revenue, USD Million, 2014 - 2025)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Russia
• Asia Pacific
  • India
  • China
  • 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.

Seed Treatment Market To Hold a High Potential for Growth by 2020

 The global seed treatment market size is expected to reach USD 5.61 billion by 2020, according to a new report by Grand View Research, Inc., registering a 9.6% CAGR during the forecast period. A thriving agriculture industry is one of the key drivers of market growth. Increasing use of seed treatment in agriculture, coupled with rising demand for organic processing of food products, is expected to boost market demand over the coming years. Growing population has resulted in soaring food demand, thus raising the adoption rate of seed treatment.

Soaring demand for food owing to increasing population globally has prompted the need for more agricultural yield, which is expected to augment the use of seed treatment over the forecast period. In the past few years, consumption of grain was more than its production, resulting in a deficit. This has increased pressure on farmers to produce more yield to cater to rising demand.

The North American market for seed treatment is facilitated by increasing agriculture practices in Canada and Mexico. Developing technologies used in agriculture in these countries are expected to provide avenues for market growth.

Denmark is known for its agriculture and food sector and is known to produce food about three times its population. Furthermore, over 60.0% of the country’s land area is under agriculture and is estimated at 2.7 million hectares. This is expected to boost the seed treatment market.

Asia Pacific is expected to witness steady growth on account of increasing agriculture practices in countries such as India and China. With accelerated economic growth in Asia, there is an expanding middle class that has more income to spend on food.

Population growth and scarcity of agricultural land in these countries is expected to create a significant demand for agricultural products. Increasing adoption of novel technologies in agriculture to increase yield and improve quality is expected to augment market demand in the region 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/seed-treatment-market

Further key findings from the report suggest:

• In terms of revenue, the insecticides segment is anticipated to value around USD 3 billion by 2020. The nonchemical segment, on the other hand, is projected to expand at a CAGR of 10.3% over the forecast period
• By type of crop, corn/maize dominated the global seed treatment market with a share of 34.5% in 2013
• The North America seed treatment market is anticipated to reach USD 2.32 billion by 2020, accounting for the largest share throughout the forecast period
• Latin America is projected to witness a remarkable CAGR of 10.3% over the forecast period, owing to rapid developments in the agriculture sector
• Some of the key companies in the market are Syngenta, Bayer, Monsanto, BASF, CropScience, Chemtura, DuPont, Nufarm, Becker Underwood, Plant Health Care, Wolf Trax Incorporation, Valent U.S.A. Corporation, Sumitomo Chemical Company Limited, Precision Laboratories Incorporation, and Novozymes A/S. 

Grand View Research has segmented the global seed treatment market on the basis of type, crop type, and region:

Seed Treatment Type Outlook (Revenue, USD Million, 2012 - 2020)

• Insecticides
• Fungicides
• Other chemical treatment
• Nonchemical

Seed Treatment Crop Type Outlook (Revenue, USD Million, 2012 - 2020)

• Corn/Maize
• Soybean
• Wheat
• Canola
• Cotton
• Other

Seed Treatment Regional Outlook (Revenue, USD Million, 2012 - 2020)

• North America
  • US.
  • Canada
• Europe
  • France
  • Russia
  • Germany
• Asia Pacific
  • China
  • India
• Latin America
  • Brazil
  • Argentina
• RoW
  • 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.

Petroleum Resins Market Predicted to Cross $4.1 Billion by 2025

 The global petroleum resins market is expected to reach USD 4.1 billion by 2025, growing at a CAGR of 6.9% from 2017 to 2025, according to a new report by Grand View Research, Inc. The rising demand for petroleum resins in EVA-based adhesives, contact adhesives for footwear, printing inks, sealants, paints, specialty tapes, repositionable tapes, packaging tapes, and permanent labels is expected to increase the market size.

Increasing demand for hydrocarbon resins in adhesives owing to properties such as good adhesion, improved adhesive bond strength, acid resistance, alkali resistance, and water resistance is expected to the drive industry expansion over the forecast period.The development of various petrochemical complex and catalytic polymerization to increase the output of resins is likely to augment the market size over the next eight years.

Automotive was the prominent segment and accounted 23.9% of the overall revenue share in 2016. The segment is expected to register substantial gains owing to the increasing production of passenger cars, light commercial vehicles, and heavy commercial vehicles in countries such as India, Thailand, and China.

Moreover, the Chinese auto sector policies and measures such as Automotive Readjustment and Revitalization Plan, Energy-Saving and New-Energy Auto Industry Plan, and Foreign Direct Investment opportunities are augmenting vehicle production, which in turn is expected to propel the market growth.

Access Research Report of Petroleum Resins Market @ https://www.grandviewresearch.com/industry-analysis/petroleum-resins-market

Further key findings from the report suggest:

• Hydrogenated petroleum resins is expected to register high volume gains at a CAGR of 6.3% from 2017 to 2025. The rising consumption of the products in EVA/ APAO-based hot melt adhesives and pressure sensitive adhesives as they offer good heat stability, water resistance and compatibility is expected to drive the industry growth.
• The printing ink segment was valued at USD 214.9 million in 2016 and is anticipated to witness high gains on account of the rising usage in commercial printing, publications, packaging, and corrugated cardboards applications
• Europe accounted for 23.4% of the overall volume share in 2016 and is anticipated to witness steady growth due to the presence of major automotive manufacturers including Audi, BMW, Mercedes Benz, Jaguar, Aston Martin, Volkswagen, Volvo, Fiat, Ferrari, Lamborghini, and Porsche
• The global petroleum resins market showcases immense competition with the presence of various large and small-scale participants in Japan, the U.S., and China. Key players include Eastman Chemical Company; ExxonMobil; Zeon Chemicals; Lesco Chemical Limited; Kolon; Neville; Puyang Tiancheng Chemical Co., Ltd.; and The Dow Chemical Company.
• In December 2016, Saudi-based Rufayah Chemicals Company (RCC) signed a deal with Sadara Chemical Company for setting up one of the largest hydrocarbon resin plants with an investment of approximately USD 500 million in the PlasChem Park to produce hydrocarbon resin, pure DCPD, isoprene, aromatic solvents, and premium wash oils
• Zeon Chemicals offers Quintac and Quintone manufactured by using proprietary Isoprene and Piperylene technology having excellent tack, cohesive strength, and holding power

Grand View Research has segmented the global petroleum resins market on the basis of product, application, end use, and region:

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

• C5 resins
• C9 resins
• C5/C9 resins
• Hydrogenated resins

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

• Paints
• Adhesives
• Printing inks
• Rubber & tires
• Tapes & labels
• Others

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

• Automotive
• Construction
• Packaging
• Consumer goods
• Personal hygiene
• Others

Regional Outlook (Volume, Kilo Tons; 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.

Polyimide Films Market Set to Record Exponential Growth by 2025

 The global polyimide films market is anticipated to reach USD 3.12 billion by 2025, according to a new report by Grand View Research, Inc. Revolutionary advancements in the aerospace and automobile industry with regards to high-end quality products is expected to drive the growth of this market.

The flexible printed circuit (FPC) emerged as the largest and fastest-growing application in the global polyimide films market. They are used in the manufacturing of flexible printed circuit board in ink-jet cartridges, printers & scanners, mobile phones, pagers, camcorders, and military & avionics systems.

Polyimide film has many applications in electronics, automotive, aerospace, and labeling & labels industry. Many new product launches have enabled consumers to pick their choice of product from a wide range of options. The widening of product distribution channels has made these products readily available to the consumer.

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

Further key findings from the report suggest:

• The global polyimide films market was estimated at USD 1,492.3 million in 2016 and is projected to grow at a growth rate of 8.6% from 2017 to 2025
• The flexible circuit board sector occupied the largest market share in 2016 on account of its widespread use in ink-jet cartridges, printers & scanners, mobile phones, pagers, camcorders, and military & avionics systems
• FCB has many automotive applications ranging from dashboard to engine management, and ABS control systems
• Wire & cables are used in various application where high tensile strength, solvent resistance, flammability and electrical resistivity is required
• Electronics end-use segment is growing with the fastest growth rate owing to strong demand for consumer electronics and increase in electrical components in automobile
• The aerospace segment accounted for 26.1% of the global revenue and is projected to witness the second highest CAGR over the forecast period
• Growing disposable income and investment in innovative devices is anticipated to boost the demand in the electronics segment
• Increasing investment from government & private institutions in the automotive and aerospace & defense industry is projected to contribute to the demand over the coming years
• Key players include E. I. Du Pont De Nemours and Company, Saint-Gobain, Von Roll Holding AG, Kaneka Corporation and Arakawa Chemicals Industries
• Research & development activities, new product launches, acquisition and mergers and technological collaborations are some of the strategic initiatives taken up by leading companies

Grand View Research has segmented the global polyimide film market on the basis of application, end-use, and region:

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

• Flexible printed circuit
• Wire & cable
• Pressure sensitive tape
• Specialty fabricated product
• Motor/Generator

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

• Electronics
• Aerospace
• Automotive
• Labeling
• Others

Regional Outlook (Volume, Tons; 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.

Microgrid Market to Witness Soaring Growth During the Forecast Period

 The Report Microgrid Market Analysis By Power Source (Natural Gas, Combined Heat & Power (CHP), Solar PV, Diesel, Fuel Cell), By Product (Remote, Grid Connected, Hybrid), By Application, And Segment Forecasts, 2018 - 2025

The global microgrid market is expected to reach USD 17.51 billion by 2025, growing at a CAGR of 17.0%, according to a new report by Grand View Research, Inc. The improvement in manufacturing sectors of emerging markets including Mexico, China and India as a result of favorable government policies to attract investments is expected to promote market growth.

Microgrid differs from conventional electrical distribution system as it acts a close proximity medium between the power generation and power consumption sources which results in increasing efficiency and reducing transmission losses. These systems perform dynamic control over energy sources by enabling autonomous as well as automatic self-healing operations.

Rising importance of captive electricity generation as a key alternative to the regulated power supply by municipal regulators in mining and mechanical engineering sectors is expected to have a strong impact. Furthermore, rising production output of unconventional sources including shale gas in the U.S. and Canada as a result of high utilization of fracking technology is expected to ensure access of natural gas as a power source over the next eight years.

Access Research Report of Microgrid Market@ https://www.grandviewresearch.com/industry-analysis/microgrid-market

Further key findings from the report suggest:

• The global microgrid demand was stood at 1.48 GW in 2016 and is projected to reach 6.54 GW by the end of 2025, expanding at a CAGR of 16.3% from 2017 to 2025.
• Remote microgrid market demand was 568.2 MW in 2016. The segment is expected to foresee tremendous gains owing to the upcoming installation of new projects in Arctic circle, Russia
• Natural gas is expected to witness revenue growth at a CAGR of 18.1% from 2017 to 2025. The governments of Russia and Syria signed Russia-Syria Offshore Gas Deal which is aimed for exploration and production of natural gas in Syrian Coast. The abovementioned favorable trends in natural gas industry of Russia is expected to open new markets.
• Utility is projected to account for 9.6% of global volume share by the end of 2025 as a result of increasing power demand amid the inclusion of new HVAC and heavy load machinery in manufacturing sector
• North America is expected to account for 71.4% of global revenue by the end of 2025. The increasing number of new solar PV microgrids for utility in Northeast and West regions of the U.S. is expected to have a positive impact.
• Key vendors include Siemens AG, Exelon, GE, Lockheed Martin Corporation, Lockheed Martin Corporation, ABB Group, Power Analytics, Toshiba Corporation, Honeywell International Inc, ZBB Energy Corporation, Echelon Corporation and Schneider Electric. In November 2016, Exelon launched five new microgrids at USD 250 million through the assistance with Anarbic. This launch is anticipated to play a crucial role in increasing the market share of Exelon in global industry over the next eight years.

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

Microgrid Power Source Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)

• Natural Gas
• CHP
• Solar PV
• Diesel
• Fuel Cell
• Others

Microgrid Product Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)

• Remote
• Grid connected
• Hybrid

Microgrid Application Outlook (Volume, MW; Revenue, USD Million; 2014 - 2025)

• Government
• Education
• Commercial
• Utility
• Defense
• Others

Microgrid Regional Outlook (Volume, MW; 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.

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.

Request a free sample copy or view report summary: Luxury Hair Care Market Report

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.