Thermal Ceramics Market Estimated To Flourish By 2027

 Thermal Ceramic Market Growth & Trends

The global thermal ceramic market size is expected to reach USD 7.01 billion by 2027, expanding at a CAGR of 7.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for high-performance components in the transportation sector is anticipated to augment market growth over the coming years.

In the transportation sector, automobile and aircraft component manufacturers are the major consumers of thermal ceramics as they require lightweight, high temperature resistant, and flexible materials in producing high-performance engine and structural components. According to the Airbus, the number of commercial aircraft is likely to double, reaching 48,000 aircrafts worldwide by 2040, which, in turn, is expected to drive the demand for thermal ceramics over the coming years.

Asia Pacific emerged as the largest consumer of thermal ceramics in 2019 owing to growing demand for steel in the transportation, machinery, and automotive industries. Thermal ceramic is used as an insulation material for the lining of furnaces that are used in steel making processes. Asia has been the key producer of steel past many years. As of 2019, China was the largest producer of crude steel accounting for a volume share of 53.3% globally and India, Japan, and South Korea with 5.9%, 5.3%, and 3.8% respectively.

The Asian countries are inviting significant investments in their steel sector, which is anticipated to further increase their market share in the world. For instance, in September 2018, POSCO announced its plan to invest USD 40 billion by 2023 to upgrade its steel capacity in South Korea. Such initiatives by steel manufacturers are anticipated to augment the demand for thermal ceramics over the coming years.

Key players of thermal ceramics market include 3M; CeramTec; Dyson Technical Ceramics; FibreCast Inc.; Ibiden; Morgan Advanced Materials; Mitsubishi Chemical Corporation, LLC; Rauschert GmbH; and YESO Insulating Products. These companies are focusing on creating strong network by using various distribution channels and collaborating with dealers across the globe to ensure timely delivery of products.

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Thermal Ceramic Market Report Highlights

• By application, the industrial segment accounted for the largest share of 66.3% in 2019 due to increasing use of thermal ceramics in heaters and furnaces as they control heat dissipation and reduce energy consumption during the manufacturing of steel and glass
• The petrochemical and chemical application segment is expected to expand at the fastest CAGR of 7.0% over the forecast period. The growth is attributed to rising demand from the oil and gas industry, wherein thermal ceramics are used for the lining of boilers
• Europe is anticipated to register a CAGR of 7.3% over the forecast period owing to growing transportation industry, wherein various components are manufactured using thermal ceramics due to their resistance to elevated temperatures
• North America accounted for a share of 28.8% in 2019 on account of increasing number of infrastructure projects, which involve widespread usage of cement, glass, and metals
• Thermal ceramic is gaining popularity over its counterparts due to rising concerns over environmental pollution and its properties, such as lightweight and high temperature resistance. It can withstand temperature ranging between 650^oC to 1,600^o

Thermal Ceramic Market Segmentation

Grand View Research has segmented the global thermal ceramics market on the basis of application and region:

Thermal Ceramics Application Outlook (Revenue, USD Million, 2016 - 2027)

• Industrial
• Transportation
• Petrochemical & Chemical
• Others

Thermal Ceramics Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

About Grand View Research

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

Heat Treated Steel Plates Market Will See Strong Expansion Through 2027

 Heat Treated Steel Plates Market Growth & Trends

The global heat treated steel plates market size is expected to exceed USD 7.9 billion by 2027, expanding at a CAGR of 3.9% over the forecast period, according to a new report by Grand View Research, Inc. Growing industrial output in China's automotive, construction, and industrial machinery industries is projected to remain one of the key factors driving the market for heat treated steel plates.

Despite economic uncertainty, China’s investments in the manufacturing sector are growing at a healthy rate. As per China’s leading industry regulators, it has grown by 8.7% y-o-y basis in the first 3 quarters of 2018. Strong government policies on encouragement of private investment are likely to fuel market growth. Moreover, China’s industrial output observed 6.2% y-o-y in 2018, wherein the automotive, railway, and equipment and machinery sectors were the major contributors.

Rapid growth in urbanization is projected to increase the investments in highways, railways, energy, and other infrastructure. The network of highways and railways is still low in China as compared to the developed countries, and hence the country is set to boost its economy by numerous infrastructure projects. For instance, the country gave approval to 26 infrastructure projects in 2019, including the rail projects in Kunming, Chongqing, Chengdu, Zhengzhou, and Xian. The 26 projects are worth an investment of around USD 142 billion. Growth in infrastructure is projected to contribute to the demand for construction machinery and equipment, thereby boosting the demand for heat treated steel plates.

Growing aerospace and defense budgets in various countries are likely to push the demand for heat treated steel plates as these steel plates find application in helicopters, tanks, aircraft, and ships. The defense budget in U.S. is the highest in the world and has a strong impact on the manufacturing sector. The budget in the country increased from USD 606 billion in 2018 to USD 681 billion in 2019, which was more than the combined budget of Russia, China, Germany, France, U.K., and Japan.

On the basis of end use, the automotive and transportation segment is projected to witness the fastest growth from 2020 to 2027. Steel is one of the sustainable materials and has high penetration in automotive components and assemblies. Heat treatment is a vital attribute of automotive and transportation components manufacturing. If the components are not heat treated, they are unable to withstand stress and may observe crack development or failure. Processes including normalizing, annealing, stress relieving, hardening, and tempering are likely to witness continuous demand on account of incessant automotive production and rising demand for new aircraft, thus driving the growth of heat treated steel plates market.

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Heat Treated Steel Plates Market Report Highlights

• Based on process, hardening and tempering accounted for a share of 25.2% in 2019 and is projected to witness continuous growth owing to increasing need among the end-use industries for improved hardness, toughness, and strength in various parts
• Case hardening is projected to expand at the fastest CAGR of 4.8% over the forecast period on account of durability and surface hardness provided by this process
• By end use, the automotive and transportation segment accounted for the largest share of 49% and is likely to maintain its position over the next few years. Growing aircraft demand due to increase in air passenger traffic and rapidly evolving electric vehicles sector are the primary factors responsible for the segment growth
• The construction application segment was valued at USD 702.3 million in 2019. Positive outlook of the construction industry in emerging economies and increasing investment in highways, railways, and bridges are projected to fuel the demand for heat treated steel plates
• Asia Pacific held the largest share in the market for heat treated steel plates in 2019. The region is anticipated to witness lucrative growth from 2020 to 2027 due to expansion of the construction, automotive, and industrial machinery industries in China and India
• Key vendors in the market for heat treated steel plates include Nippon Steel Corporation, Baosteel, Tata Steel, ArcelorMittal, POSCO, and Outokumpu

Heat Treated Steel Plates Market Segmentation

Grand View Research has segmented the global heat treated steel plates market on the basis of process, application, and region:

Heat Treated Steel Plates Process Outlook (Revenue, USD Million, 2016 - 2027)

• Hardening & Tempering
• Case Hardening
• Annealing
• Normalizing
• Others

Heat Treated Steel Plates Application Outlook (Revenue, USD Million, 2016 - 2027)

• Automotive & Transportation
• Metalworking
• Industrial Machinery & Equipment
• Construction
• Others

Heat Treated Steel Plates Regional Outlook (Revenue, USD Million, 2016 - 2027)

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

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.

Healthcare Personal Protective Equipment Market is Growing at Significant Rate, 2027

 Healthcare Personal Protective Equipment Market Growth & Trends

The global healthcare personal protective equipment market size is expected to reach USD 38.71 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.3% from 2020 to 2027. The outbreak of COVID-19, coupled with the possibility of a second wave of the pandemic across the globe, is expected to augment the demand for healthcare personal protective equipment (PPE).

Manufacturers have been investing in various R&D initiatives to create PPE with low external limitations and adhere to regulatory standards. Moreover, due to the shortage of PPE, manufacturers are increasingly using 3D printing technology to manufacture masks and other PPE for healthcare professionals during the COVID-19 pandemic.

Healthcare facilities follow the "just in time" approach to procure PPE kits due to efficiency and budgetary reasons. However, due to the unprecedented demand for PPE during the COVID-19 outbreak, this policy resulted in a drastic shortage of PPE kits for the healthcare workers, wherein few placed orders were supplied to respective facilities and others had to search for alternatives.

The prices of healthcare PPE witnessed an exponential rise since the outbreak of the COVID-19 pandemic due to the shortage of PPE. For instance, according to the World Health Organization (WHO), buyers have observed a six-fold, threefold, and twofold price increase in surgical masks, respirators, and gowns, respectively.

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Healthcare Personal Protective Equipment Market Report Highlights

• The respiratory protection product segment is estimated to expand at the fastest CAGR of 49.8% from 2020 to 2027 on account of the increasing use of N95 respirators and surgical masks by healthcare workers actively combating the COVID-19 pandemic
• The hospital end-use segment accounted for a revenue share of 55.7% in 2019 on account of the predominant use of PPE in hospitals by the staff, coupled with improving healthcare infrastructure, especially in the emerging economies
• Europe held the largest revenue share of 35.8% in 2019 owing to the possibility of a second wave of COVID-19, coupled with the rising number of qualified nurses, midwives, and other care professionals in the region
• The market in India is expected to expand at the fastest CAGR of 39.4% from 2020 to 2027 on account of increasing domestic production of PPE, coupled with rising healthcare spending and improving healthcare infrastructure in the country
• In August 2020, Ansell joined the #TyvekTogether program launched by DuPont and through this collaboration, it will be producing 600,000 isolation gowns made using the Tyvek fabric, which will be further distributed by Henry Schein to frontline healthcare workers

Healthcare Personal Protective Equipment Market Segmentation

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

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

• Protective Clothing
  • Coveralls
  • Gowns
    • Disposable Gowns
    • Durable Gowns
  • Others
• Respiratory Protection
  • Surgical Masks
  • Respirator Masks
  • Others
• Face Protection
• Eye Protection
• Hand protection
  • Disposable Gloves
  • Durable Gloves
• Others

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

• Hospitals
• Home Healthcare
• Outpatient/Primary Care Facilities
• Others

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

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

List of Key Players of Healthcare Personal Protective Equipment Market

• 3M
• Honeywell International, Inc.
• DuPont
• Cardinal Health
• Medline Industries, Inc.
• Ansell Ltd.
• O&M Halyard
• Kimberly-Clark 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.

Tobacco Market to Steadily Progress at 3.1% CAGR from 2020 to 2027: Grand View Research Inc.

Tobacco Market Growth & Trends

The global tobacco market size is expected to reach USD 1.08 trillion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.1% over the forecast period. Increased number of smokers at the global level, coupled with new product launches in flavored tobacco products, including clove cigarette and menthol cigars, is expected to drive the market over the next few years.

According to the American Lung Association, between 2016 and 2017, among the current cigarette smokers, a substantial increase has been observed in the proportion of people smoking fewer than 15 cigarettes a day. Additionally, from 2014 to 2017, the number of adults who had ever used electronic cigarettes increased 14% from 12.6% to 14.4%. It was also found that from 2011 to 2019, the use of electronic cigarettes increased 1650% among middle school students from 0.6% to 10.5%.

The tobacco companies having been launching new products to cater to the changing demand of millennials and generation Z. For instance, in February 2018, Japan Tobacco Inc. launched heat-not-burn” (HNB) product in Japan. The company further strategized to spend over JPY 100 billion over the next three years on R&D of reduced-risk products (RRP) and cigarette alternatives, which do not utilize the combustible ingredients to produce nicotine.

Furthermore, in July 2019, Philip Morris opened its flagship stores in Johannesburg. The store is expected to draw a large number of tourists and businessmen from all across Africa. The store is established in the land area of 160 square meters and has minimalistic interiors with lounge couches, bright lighting, and an information section. The consumers can get informed about the effects of cigarette as well as IQOS through the utilization of machine that emits a white cloudy smoke and brownish smoke for IQOS and normal cigarettes, respectively. The store focuses on detailed information, demonstrations, and videos about IQOS.

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Tobacco Market Report Highlights

• By product, cigarettes generated a revenue of USD 598.40 billion in 2019. This is attributed to the influential promotion of tobacco products. The industries’ capability to manipulate the government policies in various counties across the globe has also played a crucial role in the growth of the product
• Next generation products are expected to register the fastest CAGR of 10.7% from 2020 to 2027 owing to growing adoption of these products in developed markets. These products are considered to be potentially less harmful than the conventional tobacco products
• Asia Pacific dominated the market with more than 35.0% share of the global revenue in 2019. Wide penetration of tobacco products in various countries, including China Vietnam, Philippines, Thailand, Indonesia, Malaysia, Bangladesh, and India is a key driver
• Middle East and Africa is expected to exhibit the fastest CAGR of 4.4% from 2020 to 2027. Improved economic indicators in the countries of Middle East and Africa as a result of supportive government policies to increase the availability of food and tobacco products to the rural and urban population are expected to remain a key factor driving the industry.

Tobacco Market Segmentation

Grand View Research has segmented the global tobacco market on the basis of product and region:

Tobacco Product Outlook (Revenue, USD Billion, 2016 - 2027)

• Smokeless
• Cigarettes
• Cigar & Cigarillos
• Next Generation Products
• Waterpipes
• Others

Tobacco Regional Outlook (Revenue, USD Billion, 2016 - 2027)

• North America
  • US.
• Europe
  • Russia
  • Turkey
• Asia Pacific
  • China
  • India
• Central & South America
  • Brazil
• Middle East & Africa (MEA)
  • Egypt

List of Key Players of Tobacco Market

• Pyxus International, Inc.
• Swedish Match
• ITC Limited
• Altria Group, Inc.
• KT&G Corp.
• PHILIP MORRIS PRODUCTS S.A.
• British American Tobacco
• JT International SA
• Imperial Brands
• Universal Corporation
• Scandinavian Tobacco Group A/S

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.

Home Entertainment Devices Market Expected to Witness a Sustainable Growth over 2025: Grand View Research Inc.

 Home Entertainment Devices Market Growth & Trends

The global home entertainment devices market size is expected to reach USD 345.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 6.3% over the forecast period. Consumer preference for systems such as televisions as a medium for entertainment is expected to be a crucial factor driving the growth of the market during the forecast period.

Home entertainment appliances are economical and hassle-free and offer access to diverse content. Consumers enjoy having the option of watching or listening to the content of their choice in the comfort of their own homes. Moreover, with increasingly hectic lifestyles, these appliances are considered as a medium to connect with friends and family during major events such as sporting events, music festivals, or TV series finales. These factors are hence expected to drive the growth of the market during the forecast period.

Factors such as rising disposable income and features such as high-definition (HD), smart TVs with built-in Wi-Fi for connectivity to Netflix, YouTube, and Amazon Prime among other online streaming channels play a significant role in increasing consumer spending on these devices. With the increasingly wide range of features these systems offer, consumers consider investing in these products as they offer good value for money and last for several years. They also play a role in complementing the ambiance of homes. These factors are expected to drive the demand for home entertainment systems over the forecast period.         

Video devices accounted for a little more than 80% of the market share in 2018 and this segment is expected to continue to dominate the market over the forecast period. A number of households are inclined toward systems such as television as their prime choice of entertainment, which is likely to boost the product demand in the coming years. Televisions also offer a number of channels as well as relatively newer features such as internet connectivity for streaming videos and downloading movies.     

Asia Pacific is expected to hold the leading position in the global market over the forecast period. Increasing household disposable income, coupled with higher spending on household leisure activities, is expected to drive the growth of the Asia Pacific market during the forecast period.

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Home Entertainment Devices Market Report Highlights

• The video devices segment is projected to register the highest CAGR of 6.6% owing to increasing consumer spending on visual entertainment activities  
• The online segment is expected to register a CAGR of 8.2% owing to the rise in multi-brand online retailers who offer a range of home entertainment systems from several providers, thereby enabling consumers to compare product features and prices
• Some of the key players operating in the global market are Samsung Electronics Co. Ltd.; Sony Corporation; Panasonic Corporation; LG Electronics Inc.; Mitsubishi Electric Corporation; Koninklijke Philips N.V.; Haier Inc.; Bose Corporation; Sennheiser electronic GmbH & Co. KG; and Microsoft Corporation.

Home Entertainment Devices Market Segmentation

Grand View Research has segmented the global home entertainment devices market on the basis of device, distribution channel, and region:

Home Entertainment Device Outlook (Revenue, USD Million, 2015 - 2025)

• Audio Devices
• Video Devices
• Gaming Consoles

Home Entertainment Devices Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

Home Entertainment Devices Regional Outlook (Revenue, USD Million, 2015 - 2025)

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

Cannabis Beverages Market Set to Witness an Uptick during 2019 to 2025: Grand View Research Inc.

 Cannabis Beverages Market Growth & Trends

The global cannabis beverages market size is expected to reach USD 2.8 billion by 2025, expanding at a CAGR of 17.8% during the forecast period, according to a new report by Grand View Research, Inc. The market is highly fragmented in nature, owing to the presence of several small and medium scale companies. The majority of the companies are based in Canada, owing to the legalization of marijuana for medical and recreational purposes in the country. The rise in legalization of marijuana in order to eradicate the black market and to boost the tax revenue from legal sales of marijuana products is anticipated to positively influence the growth.

The rising popularity of wellness drinks is also expected to support the demand over the forecast period. The legalization of cannabis for medical and recreational purposes has had a strong impact on the sales of alcoholic drinks. As a result, many alcohol manufacturers are investing in the growing trend of marijuana-infused drinks. For instance, Lagunitas, Heineken's fast-growing California beer label, launched Hi-Fi Hops, which is a cannabis-based beverage with zero calories or carbs and is infused with Cannabidiol (CBD) and Tetrahydrocannabinol (THC). In 2017, Constellation Brands, the third-largest beer manufacturer in the U.S., entered into a partnership with Canopy Growth - the world’s largest marijuana grower, to develop cannabis-infused beverages.

Consumers are shifting their preference from soft drinks to wellness drinks leading to the increasing sale of cannabis beverages. Low sugar content in drinks is the major driving factor for the growth of the market. Also, consumers prefer these beverages as an alternative to cannabis smoking and consumption of marijuana-infused chocolates, cookies, brownies, and confectionaries like gummies and candies. Off-trade sales channels such as hotels, cafes, restaurants, clubs, and lounges are expected to boost the popularity of the product among consumers.

Strong demand for cannabis beverages from millennials is also anticipated to drive the market growth. As per a 2017 Yahoo News poll, majority of the 55 million recreational marijuana users in the U.S. were millennials. Most millennials consume marijuana socially and only 25% of them consume it alone. A 10-year study by researchers at the University of Connecticut and Georgia State University, completed in 2017, found that in U.S. counties where marijuana was legalized, wine and beer purchases decreased by 15%.

North America is estimated to be the fastest and largest market over the forecast period. The growth is majorly driven by the legalization of marijuana for medical and recreational purposes. As per the National Conference of State Legislatures, a total of 33 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands have approved publicly available medical cannabis programs, resulting in the increased launch of several cannabis drinks. Also, 13 states in the U.S. allow the use of low THC and high CBD products for medical purposes, resulting in high demand for CBD infused cannabis drinks in the region.

Europe is estimated to witness strong growth over the forecast period, owing to a rise in cannabis consumers in the region. As per the Cannabis Trade Association, the number of CBD users in the U.K. increased from 125,000 in 2016 to 250,000 in 2017. Also, the companies operating in the region are launching products to keep up with the growing trend of wellness drinks. For instance, Manchester-based CBD Ultra and Cloud 9 Brewing have launched U.K.’s first CBD Session IPA beer brewed with Cannabis Sativa extract.

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Cannabis Beverages Market Report Highlights

• By type, the non-alcoholic segment was the largest and fastest-growing segment in 2018 and is expected to continue leading the market over the forecasted period, majorly driven by rising product demand from newcomers and female consumers
• CBC infused cannabis beverages is estimated to be the fastest-growing segment over the forecast period, owing to the non-psychoactive property of CBD
• In Europe, the Netherlands holds the largest market share owing to the presence of cafes and restaurants dedicated to cannabis consumption, and the increasing trend of cannabis tourism in the country
• Some of the key players operating in the global market include New Age Beverages Corporation; The Alkaline Water Company; Phivida Holdings Inc.; Koios Beverage Corporation.; VCC Brand; Dixie Brands Inc.; Keef Brand; Hexo Corp; Aphria; and Canopy Growth

Cannabis Beverages Market Segmentation

Grand View Research has segmented the global cannabis beverages market report on the basis of type, component, and region:

Cannabis Beverages Type Outlook (Revenue, USD Million, 2015 - 2025)

• Alcoholic
• Non-Alcoholic

Cannabis Beverages Component Outlook (Revenue, USD Million, 2015 - 2025)

• Cannabidiol (CBD)
• Tetrahydrocannabinol (THC)

Cannabis Beverages Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • Netherlands
• Rest of the World

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.

Caffeinated Beverage Market is Projected to Boost USD 321.40 Billion by 2025

 The global caffeinated beverage market size is expected to reach USD 321.40 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a CAGR of 6.81% from 2019 to 2025. Rising demand for energy drinks and Ready-to-Drink (RTD) beverages is the key factor driving the market growth.

Moreover, rising income levels and improved standards of living in emerging regions, such as China and India, are anticipated to have a positive impact on the market growth. In addition, rapidly expanding e-commerce sector provides numerous growth opportunities to the market. North America is anticipated to be the largest regional market due to high demand for RTD beverages.

Moreover, companies in the region are introducing newer products and flavors, which will boost the demand further. The market in Asia Pacific region is estimated to expand at a CAGR of 8.12% over the forecast period. Key companies in this market focus on M&A, online sales, and expanding geographical reach and production capacity to gain a greater market share.

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https://www.grandviewresearch.com/industry-analysis/caffeinated-beverage-market

Further key findings from the study suggest:

• The carbonated soft drinks product segment is projected to account for the largest market share by 2025. However, energy drinks segment will expand at the fastest CAGR during the forecast period
• The offline distribution channel led the global market in 2018. Online channel is estimated to be the fastest-growing segment from 2019 to 2025
• North America was the dominant regional caffeinated beverage market in 2018 and is projected to expand further at a steady CAGR from 2019 to 2025
• Some of the prominent companies include Dr Pepper Snapple Group; Monster Energy Company; Nestlé SA; PepsiCo, Inc.; and Red Bull GmbH

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

Caffeinated Beverage Product Outlook (Revenue, USD Billion, 2015 - 2025)

• Carbonated Soft Drinks
• Energy Drinks
• RTD Tea & Coffee
• Others

Caffeinated Beverage Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

• Online
• Offline

Caffeinated Beverage Regional Outlook (Revenue, USD Billion, 2015 - 2025)

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

About Grand View Research

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

Gardening Pots Market Trends, Company Share, Industry Growth And Future Scope

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

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

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

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

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

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

Further key findings from the report suggest:

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

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

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

• Refractory Material
• Metal
• Polymer
• Wood

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

• Commercial
• Residential

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

• Offline
• Online

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

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

About Grand View Research

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

Americas Plastic Compounding Market Is Expected To Gain Significant Traction Over The Forecast Period

 The Americas plastic compounding market is expected to reach USD 19.11 billion by 2024, according to a new report by Grand View Research, Inc. The shift in trend towards lightweight composites to lower vehicular weight and thereby foster fuel savings & lower carbon emission levels are anticipated to drive demand.

Increasing demand from major end-use industries such as automotive, electrical & electronics, packaging, construction and consumer goods is expected to remain a key driving factor for market growth. Plastics compounds are rapidly replacing conventional materials such as wood, glass, and metals in various applications on account of their flexibility, lubricity and increased strength & stiffness.

Favorable federal regulations by agencies such as National Highway Traffic Safety Administration (NHSTA) and California Air Resources Board (CARB) regarding carbon emissions along with the U.S. EPA initiatives to develop plastics compounds in lightweight & fuel-efficient cars is likely to augment regional market growth.

Polyethylene terephthalate (PET) is expected to be the fastest growing product segment owing to increasing usage in end-use industries such as packaging and electrical & electronics. Packaging is a dominant application market where PET compounds are utilized in large quantities for the production of bottles, particularly carbonated beverages and nutritional drinks.

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

Further key findings from the report suggest:

• The Americas plastic compounding market demand exceeded 5.50 million tons in 2015 and is expected to reach 8.20 million tons by 2024, growing at a CAGR of 4.4% from 2016 to 2024
• Due to a considerable rise in consumerism that is driven by economic growth, favorable credit landscape, and increased disposable income, countries in Latin America have witnessed an exponential rise in manufacturing activities
• Mexico emerged as the fastest growing market with an estimated CAGR of 7.1% from 2016 to 2024
• Increasing number of free trade zones and high per capita income in emerging economies leading to increased spending in automotive and construction industries
• PBT is used in a various number of automotive applications including accessories, covers, electrical connectors, cooler fans, and plugs. The segment was valued at USD 22.7 million in 2015, growing at an estimated CAGR of 4.2% from 2016 to 2024.
• Key companies operating in the industry include Kraton Polymers Inc., DuPont, The Dow Chemical Company, RTP Company, SABIC, LyondellBasell Industries N.V., Asahi Kasei Plastics, Kuraray Plastics, Solvay, Kingfa Sci. & Tech. Co. Ltd., Flex Technologies, MRC Polymers, Inc. and Washington Penn Plastics Company.

Grand View Research has segmented the Americas plastic compounding market on the basis product, application and region:

Americas Plastic Compounding Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

• Polyethylene
• Polypropylene
• Thermoplastic Vulcanizates (TPV)
• Thermoplastic Olefins
• Polyvinyl Chloride (PVC)
• Polystyrene
• Polyethylene Terephthalate (PET)
• Polybutylene Terephthalate (PBT)
• Polyamide
• Polycarbonate
• Acrylonitrile Butadiene Styrene (ABS)
• Others

Americas Plastic Compounding Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

• Automotive
• Construction
• Electrical & Electronics
• Packaging
• Consumer Goods
• Industrial Machinery
• Medical Devices
• Optical Media
• Others

Americas Plastic Compounding Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)

• US.
• Canada
• Mexico
• Brazil
• Rest of Americas (RoA)

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.

Antimicrobial Medical Textiles Market is Expected to Enhance USD 799.7 Million Revenue By 2024: Grand View Research Inc.

 The global antimicrobial medical textiles market size is expected to reach USD 799.7 million by 2024, expanding at a CAGR of 7.4%, according to a new report by Grand View Research, Inc. Rising prevalence of chronic diseases, an upsurge in the nosocomial infections worldwide, and growing awareness towards better healthcare practices are projected to fuel the demand for the product over the forecast period. 

Application of polymeric materials for medical textiles is growing at a very fast pace. Polymers have found its applications across varied biomedical fields such as implantation of medical devices and artificial organs, tissue engineering, prostheses, dentistry, bone repair, ophthalmology and many other fields.

Rising awareness about advantages of antimicrobial textiles coupled with rising focus towards hygiene in hospitals is expected to augment development. However, stringent regulatory policies regarding use of these materials in Europe and North America is likely to restrain growth.

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

Further key findings from the report suggest

• Metallic salts based medical textiles dominated the overall market in 2015 accounting for a share of about 55%, in terms of revenue. Metallic salts enhance the anti-microbial activity by killing microbes that bind to intracellular proteins and inactivates them. The various metals used for improving the antimicrobial properties are copper, silver, zinc and cobalt. Development of advanced materials such as nano-silver is expected to propel the demand over the forecast period.
• Antimicrobial medical textiles demand from healthcare and hygiene products accounted for the largest market share of about 40% in 2015. These products are being increasingly used in operation theaters or hospital wards for safety, hygiene, and care of staff and patients. These are also being used as bed sheets and curtains in the hospitals, in order to prevent infection. Non-implantable goods segment is likely to witness significant growth on account of rising demand for antimicrobial wound dressing and bandages. They are majorly used as absorbent, protective and covering for diseased or injured part.
• Europe dominated the overall market with a share of over 40% in 2015. Growing population, changing consumer attitudes towards health & hygiene, and availability of new medical technologies is expected to have a positive impact on the demand over the forecast period.
• Key participants include Trevira GmbH, Microban International, Biocote Ltd., Annovotek LLC, Herculite, PurThread Technologies, and Surgicotfab Textile Pvt. Ltd. The global antimicrobial medical textiles market is being dominated by a limited number of big multinational companies that possess the caliber of bringing innovations to the global market. The key strategies being adopted by the companies include high R&D investment and alliances with domestic players in order to capture the regional markets.  

Grand View Research has segmented the global antimicrobial medical textiles market on the basis of finishing agent, product, and region:

Antimicrobial Medical Textiles Finishing Agent Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)

• Quaternary ammonium
• Triclosan
• Metallic Salts
• Others

Antimicrobial Medical Textiles Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)

• Implantable Goods
• Non-Implantable Goods
• Healthcare & Hygiene Products
• Others

Antimicrobial Medical Textiles Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)

• North America
  • US.
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Taiwan
• Latin America
  • Brazil
• MEA

About Grand View Research

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

Water Based Pigments Market is Expected To Reach USD 13.40 Billion by 2024

 The global water based pigments market is expected to reach USD 13.40 billion by 2024, according to a new report by Grand View Research, Inc. Water based pigments demand is primarily driven by the rising consumer awareness regarding eco-friendly products and stringent government regulations to limit VOC content in the industrial products. Growing demand for aqueous pigment dispersion systems for manufacturing inks for printing and textile applications is expected to have a positive impact on the industry growth over the forecast period.

Increasing adoption of waterborne dispersion systems to replace solvent based paints, especially in decorative applications is anticipated to be the key driver for the market growth. However, these aqueous paints offer low gloss as compared to its counterparts, which is likely to hinder industry growth over the forecast period. Innovations in water-based pigment dispersion technology to reduce drying time, increase durability and improve corrosion resistance is likely to open new avenues for the product growth over the projected period.

The industry has numerous players which are engaged in manufacturing innovative products with high quality and performance. Fluctuating raw materials prices and strong foothold of existing players in the industry is expected to hamper entry of new market entrants. However, the scope for technological innovations related to optimizing performance characteristics of the product and high demand for eco-friendly products in end-use applications is anticipated to drive industry growth.

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

Further key findings from the report suggest:

• Paints & coatings were the largest application segment for the industry in 2015, accounting for over 70% of the overall revenue share. Growing demand for eco-friendly paints in architectural, furniture, consumer electronics and automotive applications is expected to have a positive impact on the industry growth.
• Increasing demand for waterborne coatings owing to their excellent adhesion, low VOC content and good resistance to abrasion and heat is expected to open new avenues for the industry growth over the forecast period.
• The demand for aqueous pigment dispersions in inks is expected to grow at a CAGR of over 7% from 2016 to 2024. Initiatives taken by the ink manufacturers to offer products with lower printing cost and better performance as compared to solvent based inks are expected to open new avenues for the industry growth.
• Technological innovations to produce aqua-based packaging inks for gravure printing is likely to drive the industry growth over the next eight years. Aqueous inks cost over 50% higher than solvent-based inks, which is likely to hamper industry growth. However, rising disposable income coupled with growing consumer awareness towards the environment are expected to propel demand.
• Asia Pacific is expected to grow at the highest CAGR of over 8% from 2016 to 2024 owing to rapid growth of end-use including automotive, cosmetics, inks and textile. Changing regulatory scenario and increasing consumer awareness towards the use of environment-friendly products is anticipated to propel the product demand over the next eight years.
• The decision of the Chinese government to levy 4% consumption tax on paints with VOC content of over 420 grams/liter is expected to have significant impacts on the market growth over the projected period.
• Key players in the industry include Northwest Dispersions, Chromatech Incorporated, Proquimac, Huntsman, Clariant, Kao Corporation and LANXESS. In May 2016, Clariant launched new green and red water based pigment preparations to strengthen company presence in non-impact printing.

Grand View Research has segmented the water based pigments market on the basis of application and region:

Water Based Pigments Market Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Paints & Coatings
• Inks
• Others

Water Based Pigments Market Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• North America
  • US.
• Europe
  • Germany
  • UK
• Asia Pacific
  • China
  • India
  • Japan
• Latin 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.

Polyethylene Terephthalate Compounding Market Advanced Technologies and Growth Opportunities Worldwide By 2024

 The global polyethylene terephthalate (PET) compounding market is expected to reach USD 7.82 billion by 2024, according to a new report by Grand View Research, Inc. Rising polymer demand in end-use industries such as packaging, automotive, electrical & electronics and constructions is expected to remain a key driving force for PET compounding market growth.

Strong demand for PET bottles coupled with growing packaged food & beverage industry in emerging economies of Asia Pacific and Latin America such as China, India, Mexico, and Brazil are anticipated to fuel industry growth significantly.

Regulatory agencies to reduce Green House Gas (GHG) emissions by means of vehicular weight reduction and fuel efficiency improvements have formulated policies and guidelines. Automotive manufacturers & OEMs in order to meet these regulations have adopted plastics as a replacement for metals such as aluminum and steel.

Packaging accounted for over 55% of overall market volume in 2015. Growth in packaging industry can be attributed to the suitability of PET compounds to meet customer requirements with more durable, lightweight and corrosion-resistant parts.

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

Further key findings from the study suggest:

• The global polyethylene terephthalate (PET) compoundingmarket demand was over 2,000 kilo tons in 2014 and is expected to exceed 3,500 kilo tons by 2024, growing at a CAGR of 6.9% from 2016 to 2024
• Increasing substitution for glass, metals, wood, natural rubber and man-made materials by PET is driving the global market
• Developing recycling processes that utilize lesser input in terms of fluids, energy, and machinery is crucial for production improvisation
• Government regulations restricting petrochemical derived polymers consumption in applications such as food packaging, and medical devices are expected to further boost bio-based PET production
• China accounted for nearly half of the Asia Pacific compounding volume in 2015. The country is characterized by high demand for PET compounds in packaging & electronic applications
• BASF and Avantium Dutch technology firm formed a joint venture company to focus on polyethylene furanoate (PEF) and furandicarboxylic acid (FDCA), a bio-based polymer to replace polyethylene terephthalate
• Polyethylene terephthalate (PET) compounding market is highly fragmented among multinational players and small domestic companies
• Key industry participants in the market include Dow Chemical Company, RTP Company, SABIC, LyondellBasell, BASF SE, DuPont, SRF Plastics, A. Schulman, Polyvisions, Covestro, Washington Penn Plastics and PET Processors LLC

Grand View Research has segmented the PET compounding market on the basis of application and region:

Global Polyethylene Terephthalate (PET) Compounding Application Outlook (Volume, Kilo Tons; Revenue, USD Million 2014 - 2024)

• Packaging
• Electrical & Electronics
• Industrial Machinery
• Automotive
• Construction
• Material Handling
• Others

Global Polyethylene Terephthalate (PET) Compounding Regional Outlook (Volume, Kilo Tons; Revenue, USD Million 2014 - 2024)

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

About Grand View Research

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

Nanofibers Market is Expected to Enhance USD 2.89 Billion Revenue By 2024: Grand View Research Inc.

 The Report Nanofibers Market Analysis By Product (Polymer, Carbon, Cellulose, Composite, Metallic), By End-Use (Electronics, Mechanical, Chemical & Environment (MCE), Energy, Medical, Life Science, & Pharmaceutical (MLP)) And Segment Forecasts To 2024

The global nanofibers market is expected to reach USD 2.89 billion by 2024, according to a new report by Grand View Research, Inc. Technological advancements in the field of nanomaterials, coupled with increasing demand for materials such as carbon, glass, ceramic, and polymeric in various end-use segments, are expected to drive growth over the forecast period. Surging demand for nanotechnology-enabled smart textiles, filtration, tissue engineering & regeneration, wound healing, drug delivery, and biosensors is expected to steer nanofibers market penetration in the medical sector over the next few years. 

However, stringent guidelines and standards for manufacturing, handling, and sales of nanomaterials by international agencies such as ISO, NIST, and Nanomaterials Registry may hamper market growth. The nanofibers industry growth may further be restrained by regulations pertaining to the toxicity of metal and carbon-based nanoparticles. 

Nanoscale polymer fibers dominated the global demand accounting for 49.2% of total market volume in 2015. Large-scale application of these materials in high-efficiency air filters coupled with increasing usage in medical devices and drug delivery systems especially in the mature economies can be attributed to high penetration.

Access Research Report of Nanofibers Market@ http://www.grandviewresearch.com/industry-analysis/nanofibers-market

Further key findings from the report suggest:

• The global nanofibers market demand was 1,008 tons in 2015 and is expected to reach 8,886 tons by 2024, growing at a CAGR of 27.7% from 2016 to 2024
• The global composite nanoscale materials accounted for 12.5% of the total nanofibers market in 2015 and are anticipated to reach a net worth of USD 373.6 million by 2024. Increasing R&D investments to develop innovative production technologies and adhere to the stringent regulatory framework to steer segment growth.
• Cellulose nanofibers are estimated to witness the fastest growth over the next eight years. The segment demand in the U.S. is estimated to grow at a CAGR of 29.6% from 2016 to 2024.
• Electronics segment is anticipated to emerge as fastest growing end-use segment and is estimated to reach a net worth of USD 293.1 million by 2024
• Asia Pacific is expected to emerge as the fastest growing regional market on account of significant product demand in China, Japan, India, and other South-East Asian countries. China nanofibers demand in the energy sector is anticipated to reach 154.4 tons by 2024 at a CAGR of 28% from 2016 to 2024.
• Key industry participants in the market include Donaldson, Elmarco, DuPont, Revolution Fibres, FibeRio, Ahlstrom, Toray, Asahi Kasei, Johns Manville, Jiangxi Xian Cai Nanofibers Technology, Johns Pyrograf Products, eSpin, and MemPro

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

Global Nanofibers Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)

• Polymer
• Carbon
• Cellulose
• Composite
• Metallic
• Others

Global Nanofibers End-Use Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)

• Electronics
• Mechanical, chemical, and environmental (MCE)
• Energy
• Medical, life science, and pharmaceutical (MLP)
• Others

Global Nanofibers Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2024)

• 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

Ready to Drink Shakes Market to Grow at CAGR of 5.7% through 2025

 The global ready to drink shakes market size is expected to reach USD 12.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.7% over the forecast period. Growing consumer awareness regarding healthy living lifestyles at the global level is a major factor boosting the market growth. Growing beverage industry on account of consumer inclination towards organic food and drinking mainly in developed countries is further expected to drive the market.

Increasing expenditure on health and wellness among the millennial population is also influencing the market significantly. A large number of health conscious millennials consume ready-to-drink (RTD) protein shakes as a part of their daily diet. Manufacturers are introducing different types of such beverages by understanding the requirement of the consumer. For instance, Nature’s Best, a U.S.-based company, offers six different types of RTD shakes. Growing vegan population is driving manufacturers to offer pure plant-based products. For instance, a U.S. based manufacturer, Zevia offers different kinds of vegan ready to drink shakes such as watermelon, milk shake, and mango ginger energy drinks.

Tetra pack is expected to be the fastest growing packaging type with a CAGR of 5.9% from 2019 to 2025. Increasing consumer awareness about the drawbacks of the plastic packaged products is a key factor contributing to the segment growth. Moreover, it is gaining popularity among consumers as it’s an on-the-go product. Manufacturers are also increasing the production of tetra packed products due to their cost effectiveness. Various governments also provide tax saving policies to tetra packed products as they are environment-friendly. Some of the key players operating in the market are Labrada; Vega (U.S.); and CytoSport, Inc.

Supermarkets and hypermarkets emerged as the largest distribution channel in 2018 and accounted for 54.3% share in the global market. Availability of a wide range of product line is a major factor driving the consumer to purchase from supermarkets and hypermarkets. It has been observed that around 37% of the consumers prefer these channels due to availability of fresh products. The online category is the fastest growing category. Consumers are shifting their preference towards online purchase due to convenience of doorstep delivery services.

North America is the largest consumer in the market and the region accounted for more than 30% share of the overall revenue in 2018. It has been observed that around 40% of the U.S. population consume RTD shakes as a replacement of their breakfast and over 55% prefer ready to drink shakes as a replacement of their meals. Asia Pacific is expected to grow at the fastest pace from 2019 to 2025. Growing consumer preference for healthy food and beverage and increasing disposable income of consumers in developing countries are driving the market in the region.

The Ready to Shakes market is competitive in nature due to the presence of many small and large players. Some of the major companies operating in this market are Nutrineo; CytoSport, Inc.; Vega (U.S.); Nature’s Best; OWYN; PREMIER PROTEIN; AMERPHARMA; Huel; and Soylent.

To request a sample copy or view summary of this report, click the link below: 
https://www.grandviewresearch.com/industry-analysis/ready-to-drink-rtd-shakes-market

Further key findings from the study suggest:

• Based on packaging type, tetra packs are projected to expand at a CAGR of 5.9% over the forecast period
• On the basis of distribution channel, supermarkets and hypermarkets dominated the market with an overall share of 54.3% in 2018
• North America led the market in 2018 and constituted 32.2% share of the overall revenue. This trend is projected to continue over the next few years
• The market in Asia Pacific is anticipated to witness growth due to increasing disposable income of consumers in India, South Korea, China, and Japan
• Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovation to estimate existing and future demand patterns from upcoming product segments.

Grand View Research has segmented the global ready to drink shakes market on the basis of packaging type, distribution channel, and region:

RTD Shakes Packaging Type Outlook (Revenue, USD Billion, 2015 - 2025)

• Bottles
• Cans
• Tetra Packs

RTD Shakes Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)

• Supermarkets & Hypermarkets
• Convenience Stores
• Online

RTD Shakes Regional Outlook (Revenue, USD Billion, 2015 - 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.

Safety Eyewear Market to Showcase Healthy Expansion at 4.1% CAGR from 2019 to 2025

 The global safety eyewear market size is expected to reach USD 3.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.1% over the forecast period. The market is expected to witness significant growth due to increase in demand for protective equipment from various end-use industries. Strict regulations laid by the regulating bodies like the Occupational Safety and Health Administration (OSHA), along with various product offerings made by manufacturers in this market, have positively impacted growth.

Industrial manufacturing held a major share of the global market owing to the hazardous nature of the jobs in this sector. Moreover, many strict precautionary regulations have been imposed on the employers and the workers in this sector to increase adoption of protective equipment and prevent fatal injuries. The military application segment is expected to expand at the highest CAGR in the forecast period. Manufacturers are targeting this segment to provide more customization and increase their product offering as governments are investing heavily in the safety of military personnel.

The non-prescription product segment accounted for a significant share in the market. The prescription segment is anticipated to witness growth due to increasing demand for customized eyewear for individuals using spectacles for regular vision. Additionally, manufacturers are providing consultation services and trial products before buying safety eyewear. This is expected to propel the growth of the prescription segment, thereby driving the overall market demand.

Asia Pacific is anticipated to witness substantial growth in the coming years due to increasing industrialization, especially in China and India. U.S. was the largest consumer of protective eyewear in the world, followed by Germany, owing to implementation of stringent regulations by various governing bodies.

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

Further key findings from the study suggest:

• Based on application, the construction industry is expected to expand at a CAGR of 4.2% over the forecast period. The industrial manufacturing segment dominated the market in 2018 and accounted for more than 30% share of the overall revenue
• Application of the product is expected to grow in the military sector in developing countries including India, South Korea, China, and Japan owing to heavy expenditure on the defense industry and protection of personnel
• The industry is highly competitive in nature due to presence of the key players including 3M Company, Bolle Safety, and Honeywell Safety Products
• Various manufacturers are concentrating on research and development to augment product innovations and product offerings
• In December 2016, Hoya Vision acquired the safety prescription eyewear business of 3M Company. This acquisition expanded the product portfolio of Hoya Vision and enabled it to enter the safety eyewear market.

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

Safety Eyewear Product Type Outlook (Revenue, USD Million, 2015 - 2025)

• Prescription
• Non-prescription

Safety Eyewear Application Outlook (Revenue, USD Million, 2015 - 2025)

• Oil & Gas
• Construction
• Mining
• Industrial Manufacturing
• Military
• Others

Safety Eyewear Regional Outlook (Revenue, USD Million, 2015 - 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.