Hospital Gowns Market is Projected to Boost $8.26 Billion by 2028: Grand View Research Inc.

 Hospital Gowns Market Growth & Trends

The global hospital gowns market size is expected to reach USD 8.26 billion by 2028 registering a CAGR of 12.8%, according to a new report by Grand View Research, Inc. The rising incidence of Hospital Acquired Infections (HAIs) and increasing number of surgical procedures are the key driving factors for the market growth. The recent outbreak of Covid-19 is also anticipated to have a significant impact on market growth.

The global pandemic has drastically increased the demand for medicines, emergency supplies, and hospital equipment including gowns, antiseptics, and disinfectant products. Covid-19 is a zoonotic virus and bats were considered to be the key reservoir of the virus. The intermediate host has not been identified yet and transmission has mainly taken place through fomites & droplets during close unprotected contact between infector & infected. Till now airborne transmission of the virus has not been reported. Thus, increasing hospital admissions across the globe have increased the demand for hospital gowns.

The WHO has appealed to industries and governments to increase the manufacturing of Personal Protective Equipment (PPE), including hospital gowns, gloves, medical masks, face shields, aprons, respirators, and goggles, by 40% to meet the increasing global demand. It also reported that the rise in demand for these accessories has increased their prices to a major extent. For instance, the price of surgical masks has increased six-fold and the price of hospital gowns has increased two-fold.

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Hospital Gowns Market Report Highlights

• In terms of revenue, the surgical gowns segment held the largest share in 2020 owing to the rising incidents of chronic diseases and increasing number of surgical procedures
• The reusable gowns segment is anticipated to witness the fastest growth over the forecast period owing to the increasing cases of Covid-19
• The high-risk hospital gowns segment held the largest share in 2020 owing to the increased demand across the globe
• Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to the increasing cases of diabetic foot ulcers and rising number of surgical procedures

Hospital Gowns Market Segmentation

Grand View Research has segmented the global hospital gowns market on the basis of type, usability, risk type, and region:

Hospital Gowns Type Outlook (Revenue, USD Million, 2016 - 2028)

• Surgical
• Non-surgical
• Patient

Hospital Gowns Usability Outlook (Revenue, USD Million, 2016 - 2028)

• Disposable Gowns
  • Low
  • Average
  • Premium
• Reusable Gowns
  • Low
  • Average
  • Premium

Hospital Gowns Risk Type Outlook (Revenue, USD Million, 2016 - 2028)

• Minimal
• Low
• Moderate
• High

Hospital Gowns Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Hospital Gowns Market

• Medline Industries, Inc.
• Standard Textile Co., Inc.
• Angelica
• AmeriPride Services, Inc.
• 3M
• Cardinal Health

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.

Blood Glucose Monitoring Devices Market Insights Business Opportunities, Current Trends And Forecast 2028

 Blood Glucose Monitoring Devices Market Growth & Trends

The global blood glucose monitoring devices market size is expected to reach 19.6 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.6% from 2021 to 2028. The market growth is propelled by the rising diabetes prevalence worldwide and increasing geriatric population. Moreover, rising awareness about diabetes preventive care and new product launches are expected to boost market growth.

Blood glucose monitoring (BGM) devices are used to measure blood glucose levels in diabetes patients. These devices help in analyzing glucose level pattern as it provides continuous and real-time blood sugar reading. It also helps patients to decide the amount of food intake and dosage of insulin. Furthermore, factors such as sedentary lifestyle, consumption of junk food and alcohol, smoking, and surge in the need for safer and faster diagnosis are propelling the market growth.

Obesity is also one of the major factors in propelling the prevalence of diabetes. According to the WHO, over 650 million people were obese in 2016 and this number is expected to grow further during the forecast period. Additionally, the market is expected to witness a high growth rate during the forecast period due to the continuous efforts for diabetes control by government and healthcare organizations, such as the International Diabetes Federation (IDF). Such organizations provide the required expertise and support diabetes awareness campaigns through a network of stakeholders and partners. Moreover, increasing health care funding is anticipated to propel the market growth.

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Blood Glucose Monitoring Devices Market Report Highlights

• North America held the largest market share in 2020 owing to favorable reimbursement policies, local presence of key players, and supportive government initiatives
• Based on product, the self-monitoring devices segment held the largest market share in 2020 and is expected to grow at a significant pace over the forecast period. The testing strips segment of self-monitoring devices held the largest share of more than 40.0% in 2020 and is projected to grow at a healthy CAGR over the forecast period
• The continuous blood glucose monitoring devices segment is expected to be the fastest-growing segment during the forecast period
• By end-use, the home care segment is expected to grow at a rapid pace during the forecast period

Blood Glucose Monitoring Devices Market Segmentation

Grand View Research has segmented the global blood glucose monitoring devices market on the basis of product, end-use, and region:

Blood Glucose Monitoring Devices Product Outlook (Revenue, USD Million, 2016 - 2028)

• Self-monitoring Devices
  • Blood Glucose Meter
  • Testing Strips
  • Lancets
• Continuous Blood Glucose Monitoring Devices
  • Sensors
  • Transmitter & Receiver
  • Insulin Pumps

Blood Glucose Monitoring Devices End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospitals
• Home Care
• Diagnostic Centers

Blood Glucose Monitoring Devices Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • Ukraine
  • Belarus
  • Turkey
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Kazakhstan
  • Uzbekistan
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players of Blood Glucose Monitoring Devices Market

• Abbott Laboratories
• Medtronic plc
• Hoffmann-La Roche Ltd.
• Bayer AG
• Lifescan, Inc.
• Dexcom, Inc.
• Sanofi
• Elly Lilly and Company
• B Braun Melsungen AG

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.

Specialty Gas Market Expected to Receive Greater Traction As Manufacturers’ Contribution Swells

 Specialty Gas Market Growth & Trends

The global specialty gas market size is expected to reach USD 14.2 billion by 2027, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to be positively influenced by growing demand from the manufacturing, electronics, and healthcare sector.

Specialty gases possess the potential to be extensively used in numerous end-use industries such as electronics and institutional research sector. Various types of specialty gases are manufactured from raw materials such as natural, atmospheric, and air derived gases. However, the manufacturing process requires continuous monitoring and special-purpose machinery, which makes it cost-intensive.

Utilization of improved medical technologies and increasing government expenditure on the healthcare industry is accelerating the applicability rate of specialty gases in various medical devices such as magnetic resonance imaging (MRI), nuclear magnetic resource imaging (NMRI), and ophthalmology.

Growing end-user industries, increasing demand for photovoltaic products, and plasma panel displays is touted to aid the market growth further. Manufacturing and healthcare companies are continuously investing in research and development operations to introduce advanced solutions for increasing scope of application and equipment efficiency.

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Specialty Gas Market Report Highlights

• Carbon gases was the largest product segment capturing around 27% of the market share in 2019 due to growing demand from various end-use industries such as chemical, oil, and food and beverages
• The healthcare segment occupied the largest share in 2019 on account of its extensive use in devices such as NMRI, MRI, and ophthalmology
• Asia Pacific is anticipated to be the largest regional segment in 2027 accounting for USD 6.4 billion owing to presence of numerous end-use industries such as healthcare, electronics, manufacturing, and pharmaceutical
• Key players include Linde plc; Air Liquide International S.A.; Messer Group GmbH; Air Products and Chemicals, Inc.; Weldstar, Inc.; Mesa Specialty Gases & Equipment; Norco Inc.; Taiyo Nippon Sanso Corporation; and Showa Denko K.K.
• Research & development activities, new product launches, and technological collaborations are some of the strategic initiatives taken up by leading companies in the market.

Specialty Gas Market Segmentation

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

Specialty Gas Product Outlook (Revenue, USD Million, 2016 - 2027)

• Ultra-high Purity
• Noble
• Carbon
• Halogen
• Other

Specialty Gas Application Outlook (Revenue, USD Million, 2016 - 2027)

• Manufacturing
• Electronics
• Healthcare
• Institutional
• Other

Specialty Gas Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• 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.

Gas Pipeline Infrastructure Market Set to Record Exponential Growth by 2027: Grand View Research Inc.

 Gas Pipeline Infrastructure Market Growth & Trends

The global gas pipeline infrastructure market size is expected to reach USD 3,228.3 billion by 2027, expanding at a revenue/volume based CAGR of 3.4% over the forecast period, according to a new report by Grand View Research, Inc. Rising natural gas imports along with growing investments in infrastructure and network expansion are likely to strengthen the market demand.

The market is primarily driven by replacement of existing pipeline infrastructure owing to requirement for enhanced safety and emergency response planning. In addition, network expansion across several regions will further provide a major boost to the market growth. For instance, Gazprom invested RUB 5.9 billion on infrastructure expansion in the Sakhalin Region, constructing nine inter-settlement gas pipelines in between 2008-2018.

Technological advancements including smart pipeline pigs, advanced control systems, remotely operated automatic valves, and penetration of IoT integrated devices are likely to enhance the industry outlook. However, increasing gap between demand and supply of skilled manpower is expected to lead to cost overrun and project delays, thereby hampering the market growth.

The companies follow cost-of-service approach to charge transportation tariff from shippers utilizing their assets to transport gas and other liquids. The tolls are designed to allow the industry participants recover capital and operating costs, service debts, and provide a return to its investors. Higher return on investment is expected to positively influence the market growth. Industry participants are further adopting several strategic initiatives to enhance their foothold over the market. For instance, in December 2019, Pembina Pipeline Corporation announced acquisition of Kinder Morgan Canada Limited and U.S. portion of the Cochin pipeline.

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Gas Pipeline Infrastructure Market Report Highlights

• Gathering pipeline is the fastest growing segment, expanding at a revenue-based CAGR of 3.3% over the forecast period owing to the discovery of new reserves across several regions such as U.S. and China with gathering pipelines transporting gas from the production source to another facility for further refinement or transmission
• Distribution pipeline accumulated the largest revenue share in the operation segment with USD 1,693.78 billion in 2019 owing to growing demand for natural gas in end-use sectors including residential/ commercial segment, gas power plants, and industrial/ manufacturing facilities
• The transmission pipeline segment registered a revenue-based CAGR of 3.2% over the forecast period owing to rising gas pipeline imports and exports all across the world
• The metering station segment is anticipated to attain a significant value of USD 1,856.61 billion by 2027 owing to the requirement for accurate measurements in fiscal metering and custody transfer transactions
• Asia Pacific market is anticipated to witness fastest expansion with a revenue-based CAGR of 3.7% over the forecast period. Rising natural gas consumption in the emerging economies and growing reliance on imports from other regions is positively influencing the market growth in Asia Pacific
• Some of the significant industry participants are Enbridge, Gazprom, TC Energy Corporation, Kinder Morgan, Pembina Pipeline Corporation, Saipem, Engas, Alliance Pipeline, National Oilwell Varco, ChelPipe, and Europipe GmBH.

Gas Pipeline Infrastructure Market Segmentation

Grand View Research has segmented the global gas pipeline infrastructure market on the basis of operation, application, and region:

Gas Pipeline Infrastructure Operation Outlook (Volume, ‘000 Kms; Revenue, USD Billion, 2016 - 2027)

• Gathering
• Transmission
• Distribution

Gas Pipeline Infrastructure Application Outlook (Revenue, USD Billion, 2016 - 2027)

• Compressor Station
• Metering Station

Gas Pipeline Infrastructure Regional Outlook (Volume, ‘000 Kms; Revenue, USD Billion, 2016 - 2027)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • Russia
• Asia Pacific
  • China
  • India
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East and Africa
  • Saudi Arabia
  • Qatar

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 Waste Heat Recovery System Market by 2027: Grand View Research Inc.

 Waste Heat Recovery System Market Growth & Trends

The global waste heat recovery system market size is expected to reach USD 107.0 billion by 2027 registering a CAGR of 8.8%, according to a new report by Grand View Research, Inc. Rising energy costs and stringent regulations concerning energy efficiency are expected to drive the global market.

Growing demand from major end-use industries, such as cement and metal production, is projected to drive the waste heat recovery system (WHRS) market. Furthermore, rising investments in emerging economies coupled with rapid developments in the construction sector are boosting the growth of this market.

Asia Pacific is expected to progress at the highest CAGR during the forecast period due to ongoing innovations in the field of industrialization. Recent years have witnessed rising demand for consistent and continuous electricity across the globe underpinned by strict emission standards, thereby encouraging product penetration. In addition, rising popularity of food processing units in conjunction with decreasing costs of low-temperature heat consumption is expected to offer a growth prospect.

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Waste Heat Recovery System Market Report Highlights:

• The market revenue was valued at USD 54.33 billion in 2019 and is estimated to register a CARG of 8.8% over the projected period
• APAC is projected to register the fastest CAGR over the forecast period. China is expected to account for the maximum share in the regional market
• North America is projected to be the largest regional market with U.S. accounting for the major share
• Some of the key companies in the market include General Electric (GE); Siemens AG; Mitsubishi Hitachi Power Systems; Ormat Technologies; ABB Ltd.; Amec Foster Wheeler; Baker Hughes (a GE company); M.E. ENERGY Pvt. Ltd.; and Thermax Ltd.

Waste Heat Recovery System Market Segmentation

Grand View Research has segmented the global waste heat recovery system market on the basis of application, end user, and region:

WHRS Application Outlook (Revenue, USD Billion, 2016 - 2027)

• Pre-heating
• Power & Steam Generation
• Others

WHRS End-User Outlook (Revenue, USD Billion, 2016 - 2027)

• Petroleum Refinery
• Cement
• Chemical
• Power
• Paper & Pulp
• Metal Production
• Other

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• MEA
  • Saudi Arabia
  • UAE
  • 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.

Impact of Existing and Emerging Magnesium Alloys Market Trends And Forecast 2020-2027: Grand View Research Inc.

 Magnesium Alloys Market Growth & Trends

The global magnesium alloys market size is expected to reach USD 6.62 billion by 2027 registering a CAGR of 9.9%, according to a new report by Grand View Research, Inc. Increasing magnesium content per vehicle is projected to drive the demand of magnesium alloys products over the next forecast period.

Auto manufacturers are now shifting to lightweight materials, such as magnesium, aluminum, and composite materials, to reduce the emissions from vehicles. Rising preference for fuel-efficient vehicles is projected to boost the usage of such lightweight materials, thereby augmenting the product demand.

In terms of mass, magnesium is the lightest metallic material used in the die casting process. Magnesium alloys have 30% lesser density than aluminum, which boosts their usage in vehicles and aerospace applications. Also, as compared to aluminum and steel, these components can save nearly 25 to 40% and 55% of weights respectively.

Aerospace & defense sector is projected to provide numerous growth opportunities for the market as the product is widely used in airplane structures. China is a key producer of magnesium and accounted for more than 80% of the production in 2018, as per data published by the United States of Geological Survey. However, recent outbreak of coronavirus disease (COVID-19) is projected to hinder market growth in the country.

Numerous companies and research institutes are investing in R&D for the development of advanced products. This is likely to have a positive impact on the market growth. For instance, in July 2019, Monash University found a technique that can be useful in producing lightweight and stronger alloys for automotive and aircraft applications.

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Magnesium Alloys Market Report Highlights

• The automotive & transportation was the largest application segment in 2019 and is likely to expand further at the fastest CAGR during the forecast period
• The growth of the segment is attributed to incessant production of vehicles and increasing magnesium content per vehicle
• Asia Pacific held the highest volume share in 2019 and is projected to maintain its position during the forecast period
• Rapid expansion of the automotive sector and increasing demand for electric vehicles (EVs) are anticipated to remain key drivers for the regional market
• Key vendors in the global market are Magontec Ltd.; Magnesium Elektron Ltd.; Ka Shui International Holdings Ltd.

Magnesium Alloys Market Segmentation

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

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

• Automotive & Transportation
• Aerospace & Defense
• Electronics
• Others

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

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

Oleochemicals Market Will Target Emerging Markets By 2027

 Oleochemicals Market Growth & Trends

The global oleochemicals market size is anticipated to reach USD 31.4 billion by 2027 registering a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Oleochemicals are the products derived from fats and oils. They can be produced from natural sources, such as plant oils and animal fats, as well as fossil fuel sources, such as petrochemicals.

Rising crude oil prices have resulted in a significant shift toward the utilization of vegetable oils, such as palm and palm kernel oil, as a primary feedstock for oleochemical production. In 2016, around 8% of the total palm oil volume and 70% of the total palm kernel oil volume were consumed for the production of oleochemicals. Easy availability of raw materials and minor toxicity levels and green image of the products are some of the key factors driving the market growth.

Some of the significant oleochemical products include glycerol, fatty alcohols, fatty acid methyl esters, and fatty acids. These basic oleochemicals are used to produce intermediate chemicals, such as sugar esters, structured triacylglycerol (TAG), diacylglycerol (DAG), monoacylglycerol (MAG), quaternary ammonium salts, alcohol ether sulfates, alcohol sulfates, and alcohol ethoxylates.

Fatty acids represent one of the largest product applications as they are widely used in numerous industries including pharmaceutical, food, lubricants, and paints & coatings. Major chemical manufacturers have increased their expenditure on sustainable development in line with responsible care initiatives. This includes the removal of hazardous chemicals, which encouraged a shift in trend towards renewable and biodegradable products.

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Oleochemicals Market Report Highlights

• Glycerol is estimated to be the fastest-growing product segment due to increasing demand for technical-grade refined glycerin in the manufacturing of metalworking fluids, adhesives & sealants, polyols, agrochemicals, oilfield chemicals, and solvents
• In 2019, Linoleic (C18:2) acid emerged as the largest fatty acid product segment, both in terms of volume and revenue owing to the high product demand in the production of dietary supplements, paints & varnishes, food flavoring agents, and surfactants
• Soaps & detergents is projected to be the leading application segment, both in terms of volume and revenue
• The growth in this segment can be attributed to increasing product demand from industrial & institutional cleaning and textile sectors

Oleochemicals Market Segmentation

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

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

• Fatty Acids
  • Fatty Acids, By Product
    • C6
    • C8
    • C8-10
    • C10
    • C12
    • C12-14
    • C14
    • C16
    • C18:0
    • C18:1
    • C18:2
    • C18:3
    • Other
  • Fatty Acids, By Application
    • Soaps & Detergents
    • Intermediates
    • Plastics
    • Rubber
    • Paper
    • Lubricants & Greases
    • Personal Care
    • Other
  • Fatty Alcohols
    • Fatty Alcohols, By Product
      • C6-C10
      • C11-C14
      • C15-C22
      • Other
    • Fatty Alcohols, By Application
      • Soaps & Detergents
      • Personal Care
      • Lubricants
      • Amines
      • Other
    • Glycerol
      • Glycerol, By Product
        • Crude
        • Refined
      • Glycerol, By Application
        • Personal Care & Pharmaceuticals
        • Alkyd Resins
        • Polyether Polyols
        • Foods & Beverages
        • Tobacco Humectants
        • Others

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • The Netherlands
  • Belgium
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • Indonesia
  • Philippines
• Middle East & Africa
• Central and South America
  • Brazil
  • Argentina
  • Colombia
  • Ecuador
  • Chile

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.

Specialty Oleochemicals Market Key Players ,Industry Share ,Growth, And Forecast To 2027: Grand View Research Inc.

 Specialty Oleochemicals Market Growth & Trends

The global specialty oleochemicals market size is projected to reach USD 36.2 billion by 2027, expanding at a revenue-based CAGR of 7.7%, according to a new report by Grand View Research, Inc. The fluctuating petrochemical price is one of the major factors driving the shift in the trend toward sustainable chemicals.

The consumption of specialty oleochemicals is expected to rise significantly in the coming years as a consequence of increasing demand for food, pharmaceutical, and personal care products. The demand for personal care products has witnessed growth due to an increase in disposable income, product innovation, and high market penetration in the last few years.

The growing need for biodegradable products, along with the implementation of stringent regulations on the use of petrochemicals, is anticipated to affect the market positively over the forecast period. The volatility of essential oil prices and increasing concerns regarding food security in many developing nations have raised the threat of using vegetable oil for industrial purposes.

In the past few years, the industry has witnessed various changes in manufacturing technologies and product offerings. For instance, KLK Oleo offers palmfonate, which is used as a cleaning ingredient in laundry detergents. Palmfonate is made from renewable natural resources and provides superior detergency, excellent biodegradability, and enhanced calcium hardness tolerance during the washing process.

The industry is highly competitive in nature, owing to the presence of a large number of industry participants. However, the market for specialty oleochemicals is still in its growing phase. Increasing product awareness to broaden the market prospects is expected to be one of the major trends among industry participants.

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Specialty Oleochemicals Market Report Highlights

• In 2019, Asia Pacific emerged as the fastest-growing region in the specialty oleochemicals industry across the globe
• In 2019, specialty esters emerged as the prominent product segment with a market share of over 30.0%, in terms of value
• In countries including India and China, the specialty oleochemicals market is likely to witness a remarkable growth owing to growth of the personal care and cosmetics sector
• Preference for bio-based ingredients over petrochemicals is observed to be high in the regions such as North America and Europe owing to stringent regulations
• The industry is competitive in nature, with the presence of major players such as Emery Oleochemicals; Vantage Specialty Chemicals, Inc.; KLK Oleo; Oleon NV; and Wilmar International Ltd.

Specialty Oleochemicals Market Segmentation

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

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

• Specialty Esters
• Fatty Acid Methyl Esters
• Glycerol Esters
• Alkoxylates
• Fatty Amines
• Others

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

• Personal Care & Cosmetics
• Consumer Goods
• Food Processing
• Textiles
• Paints & Inks
• Industrial
• Healthcare & Pharmaceuticals
• Polymer & Plastics Additives
• Others

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Switzerland
  • Poland
  • Sweden
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Malaysia
  • Singapore
  • Indonesia
  • Taiwan
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • 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.

Biogas Market Expected To Trigger A Revenue To USD 78.3 Billion By 2027

 The global biogas market size is anticipated to reach USD 78.3 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.48% during the forecast period. Increasing global demand for renewable energy coupled with environment friendly emission levels along with the rising demand for electricity generated from biogas plants will drive the market.

The industrial segment is anticipated to witness growth on account of surging demand for waste treatment techniques that will further enhance the industry outlook. Initiatives taken by the government will be a strong driving factor for the market growth. Extensive presentation for strict environmental laws to restrain greenhouse gas emissions will keenly promote the use of biogas across various segments.

Preference for cleaner and greener fuel to generate electricity led various countries to adopt biogas as a fuel and further utilize biogas for mass production. Agricultural waste is subjected to hold the major share across the regions.

Asia Pacific is projected to observe robust growth during the forecast period, on account of rising acceptance of renewable energy sources coupled with rising demand to generate electricity with reduced carbon emission levels. In China, there are significant potential to expand biogas production as biogas produced by the centralized plants in China, transport gas using pipeline to the household areas for cooking purpose.

U.K., France, Germany, China, Japan, and India are some of the prominent countries in Europe and Asia Pacific market for biogas. In North America, U.S. is projected to hold maximum market share owing to the suitable government policies and rapid advancements in application segment. Central and South American countries like Brazil and Argentina are anticipated to witness a substantial growth opportunities to boost the growth of biogas market in the forthcoming years.

Few of the noticeable players operating in market are PlanET Biogas Global GmbH; Scandinavian Biogas; Ameresco, Inc.; Biofrigas Sweden AB; EnviTec Biogas AG; Air Liquide; and Wärtsilä.

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https://www.grandviewresearch.com/industry-analysis/biogas-market

Further key findings from the report suggest:

• Asia Pacific is projected to expand at a substantial CAGR throughout the forecast period with China accounting for the maximum regional market share
• In terms of source, agriculture segment was valued at over USD 1.8 billion till 2019
• Some of the significant market participants include Beijing Sanyi Green Energy Development Co., Ltd., Agrinz Technologies GmbH, Quadrogen, Biofuel USA Corporation, and SP Renewable Energy Sources Pvt. Ltd.

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

Biogas Source Outlook (Revenue, USD Billion, 2016 - 2027)

• Agricultural
• Municipal
• Industrial

Biogas Application Outlook (Revenue, USD Billion, 2016 - 2027)

• Heat
• Electricity
• Vehicle Fuel
• Others

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

• North America
  • US.
  • Canada
• Europe
  • France
  • Germany
  • UK.
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • 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.

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.