Sparkling Water Market Trends Regulations And Competitive Landscape Outlook to 2028

 Sparkling Water Market Growth & Trends

The global sparkling water market size is expected to reach USD 76.95 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.6% from 2021 to 2028. Over the past few years, the demand for packaged water has significantly grown across the globe owing to the rising demand for healthy drinking water and the declining availability of fresh, clean, and hygienic water.

Some of the biggest bottled water companies such as Nestlé S.A., The Coca-Cola Company, PepsiCo Inc., and Dr Pepper Snapple Group are promoting healthy water drinking through a number of product launches, including sparkling water. For instance, in March 2020, the Coca-Cola Company launched a new line of the sparkling water under the brand name ‘AHA’ in the U.S. market, which features various flavor infusions to cater to the changing consumer demand.

Sparkling water is often sourced from mineral springs and its effervescence is a result of naturally occurring gases in some cases. Thus, the natural/mineral segment held the largest share of more than 60.0% share in 2020. The flavored caffeinated segment is expected to expand at a significant CAGR over the forecast period.

In March 2020, Caribou Coffee announced the launch of its new line of refreshing Caribou BOUsted Caffeinated Beverages. Caribou BOUsted is a delicious line of sparkling and blended caffeinated water and juice in a variety of fruit flavors and is available across the U.S. Lately, companies in the industry have been strengthening their distribution networks to enhance consumer reach.

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Sparkling Water Market Report Highlights

• The flavored natural/mineral and caffeinated sparkling water segment is expected to register a faster growth rate during forecast years as compared to the unflavored segment owing to the increasing launch of fruit-flavored drinks
• The online distribution channel is expected to register the fastest growth rate of 13.3% from 2021 to 2028
• North America dominated the market by accounting for over 35.0% in 2020 owing to the high product adoption in the region
• By product, the natural/mineral segment held the largest share of more than 60.0% in 2020

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Sparkling Water Market Segmentation

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

Sparkling Water Product Outlook (Revenue, USD Million, 2016 - 2028)

• Natural/Mineral Sparkling Water
  • Flavored
  • Unflavored
• Caffeinated Sparkling Water
  • Flavored
  • Unflavored

Sparkling Water Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)

• Hypermarket & Supermarket
• Convenience Stores
• Online
• Others

Sparkling Water Regional Outlook (Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Sparkling Water Market

• Nestlé
• PepsiCo, Inc.
• National Beverage Corp.
• Talking Rain
• Keurig Dr Pepper Inc.
• The Coca-Cola Company
• Danone S.A.
• SANPELLEGRINO S.P.A
• Clear Cut Phocus
• Caribou Coffee Operating Company, Inc.
• Hiball
• RHODIUS Mineralquellen und Getränke GmbH & Co. KG
• AQUA Carpatica
• Northwest Coffee
• Volay Brands, LLC
• WakeWater Beverage Co.
• Big Watt Cold Beverage Co.

About Grand View Research

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

Lactic Acid Market Get Facts About Business Strategies 2021 to 2028: Grand View Research Inc.

 Lactic Acid Market Growth & Trends

The global lactic acid market size is expected to reach USD 5.02 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.0% from 2021 to 2028. The market growth can be attributed to the increasing demand for lactic acid in various end-use industries, including industrial, food and beverages, and pharmaceuticals, especially in emerging economies such as India, China, and Indonesia. Additionally, demand for this product as a feedstock in the production of polylactic acid (PLA) is anticipated to drive the market globally.

Various raw materials used for the production of lactic acid include carbohydrates such as corn, sugarcane, sugar beet, and tapioca. A large share of this product produced globally is obtained through the fermentation process owing to its lower production costs as well as rising consumer awareness regarding sustainable and environmentally friendly products. The production process is commercially mature with a significant number of manufacturers, including Corbion, NatureWorks LLC, Galactic, and Henan Jindan Lactic Acid Technology Co., Ltd., using it.

The raw materials used for the commercial synthesis of this product include maltose or starch, lactose, sucrose, and glucose. These raw materials are derived from various feedstocks, such as barley malt, whey, molasses, and beet sugar, which are used to produce lactic acid via microbial fermentation. The cost of raw material is a key factor to be considered in the fermentation process for the commercial production of this product. They may specifically cater to application areas such as industrial, food and beverage, pharmaceuticals, personal care, chemicals, and agrochemicals.

Polylactic acid is predominantly used to manufacture microwaveable containers, including disposable cutlery and food containers. Multiple beneficial properties such as improved aesthetic appeal and resistance to grease and oil are positively influencing the demand for polylactic acid in the formulation of food packaging products across the globe, further triggering the lactic acid demand.

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Lactic Acid Market Report Highlights

• In 2020, sugarcane emerged as the dominant raw material segment with a revenue share of over 39.0% owing to its abundant availability in nature, low cost, and environmental friendliness
• Corn emerged as the second-largest raw material segment in 2020 and is projected to witness considerable growth over the forecast period owing to the rising awareness regarding sustainable products in the major application industries
• PLA emerged as the dominant application segment in 2020 in terms of both volume and revenue owing to the rising usage in the manufacturing of biodegradable and biocompatible products
• In 2020, North America emerged as the largest regional market due to the presence of major personal care and cosmetic industries in this region, especially in the U.S.

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Lactic Acid Market Segmentation

Grand View Research has segmented the global lactic acid market on the basis of raw material, application, and region:

Lactic Acid Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Corn
• Sugarcane
• Cassava
• Other Crops

Lactic Acid Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Industrial
• Food & Beverages
• Pharmaceuticals
• Personal Care
• Polylactic Acid (PLA)
• Others

Lactic Acid Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Indonesia
  • Malaysia
  • Philippines
• Central & South America (CSA)
  • Brazil
• Middle East & Africa (MEA)

List of Key Players of Lactic Acid Market

• BASF SE
• Galactic
• Musashino Chemical (China) Co., Ltd.
• Futerro
• Corbion
• Dow
• TEIJIN LIMITED

About Grand View Research

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

Synthetic Leather Market Industry Analysis, Opportunity Assessment And Forecast Till 2028: Grand View Research Inc.

 Synthetic Leather Market Growth & Trends

The global synthetic leather market size is anticipated to reach USD 57.0 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 7.8% from 2021 to 2028. Increasing product application scope in footwear has been a major factor driving the market growth. In addition, growing importance and awareness about animal rights and stringent laws regarding the usage of real leather are propelling the demand for its synthetic counterpart. Synthetic leather materials offer superior properties, such as high gloss finish, durability, strength, and UV resistance, and easy maintenance. Moreover, products made from faux leather are cheaper and thus, continue to attract consumers, especially from middle- and high-income level groups.

However, in countries, such as Japan, the product is facing competition from Fumikodata, which is a replica of real leather and is a cruelty-free material. Polyurethane (PU) was the largest product category in 2020 and is expected to register the fastest CAGR over the forecast period. Polyvinyl Chloride (PVC) is anticipated to witness sluggish growth on account of its properties, such as sticky finish and low durability. The footwear application segment is expected to observe considerable growth over the upcoming years. Cheaper costs and fluctuating climatic conditions in several regions create the need for different types of footwear.

Rising disposable income levels in emerging regions are also fueling the product demand in the footwear segment. Moreover, the trend of incorporating athletic shoes in daily lifestyle is further augmenting the product demand. Consumer spending in the U.S. and some European countries has slowed down slightly owing to the global recession. However, the footwear industry has witnessed significant growth in the emerging markets due to high product demand from countries, such as China, India, South Korea, Vietnam, Thailand, and other South Asian countries.

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Synthetic Leather Market Report Highlights

• The global market is expected to witness significant growth over the forecast period owing to rising product demand in the footwear and automotive applications
• PU leather emerged as the largest product segment in 2020 and is estimated to generate revenue over USD 35.6 billion by 2028
• Asia Pacific is projected to be the fastest-growing as well as the largest regional market over the estimated period
• The market growth in APAC can be credited to the rapid economic growth across countries, such as India, China, Japan, and Korea
• In addition, the rapid development of the construction and automotive manufacturing industries in APAC is fueling the product demand further
• Countries, such as South Korea, Taiwan, China, and India, are emerging as leading producers in the global market as a result of the availability of relatively cheaper raw materials

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Synthetic Leather Market Segmentation

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

Synthetic Leather Product Outlook (Volume, Million Meter; Revenue, USD Million, 2016 - 2028)

• PU
• PVC
• Bio-based

Synthetic Leather Application Outlook (Volume, Million Meter; Revenue, USD Million, 2016 - 2028)

• Furnishing
• Automotive
• Footwear
• Bags & Wallets
• Clothing
• Others

Synthetic Leather Regional Outlook (Volume, Million Meter; Revenue, USD Million, 2016 - 2028)

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

List of Key Players of Synthetic Leather Market

• Kuraray Co., Ltd.
• H R. Polycoats Pvt. Ltd.
• Nan Ya Plastics Corp.
• Teijin Ltd.
• Alfatex Italia SRL

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.

Oxidized Polyethylene Wax Market Revenue is Expected to Reach USD 1.04 Billion by 2028: Grand View Research Inc.

 Oxidized Polyethylene Wax Market Growth & Trends

The global oxidized polyethylene wax market size is expected to reach USD 1.04 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a compound annual growth rate of 4.8% over the forecast period. The global market is expected to witness substantial growth over the forecast period owing to the increase in the demand from end-use applications, such as plastics, coatings, hot melt adhesives, rubber processing, and printing. Nontoxic nature, high thermal stability, and excellent dispersion have increased product consumption in the aforementioned segments.

It is used in masterbatches in other applications including polymer processing, leather, textile, metalworking industries, and tire manufacturing. The market growth is also driven by rising product demand in the coatings and rubber processing industries. The rising usage of hot melt adhesives in various consumer goods applications, such as furniture making, shoe manufacturing, packaging, baby diapers, and cigarettes, is expected to be one of the major drivers. Moreover, the rise in demand for paperboard & paper and building boards is likely to contribute to the market development.

Ethylene and petrochemical waxes are the main raw materials used in the manufacturing of polyethylene (PE) wax, which is further oxidized to manufacture the product. The major demand for printing ink across the globe arises from printed packaging products, followed by newspaper printing and printed advertisements. Solvent, water, and oil-based inks are used along with wax in digital printing, offset printing, and flexo printing processes. Furthermore, with the high penetration of print manufacturing companies globally, such as DIC India, Toyo Ink, Wikoff Color, and Ruco, the demand is likely to rise over the coming years.

Asia Pacific is one of the largest plastic manufacturing regions globally. The high demand for commodity plastics in the region, such as PVC, PE, and PU, has boosted the application of PE waxes. The demand for products that have applications in the infrastructure and industrial sectors is growing rapidly. The paints and coatings industry is expected to be the major contributor to the regional market growth, owing to the presence of a large number of emerging economies making significant investments in infrastructure development.

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Oxidized Polyethylene Wax Market Report Highlights

• The unstable price of crude oil, from which petroleum wax is derived, significantly affects the stability of PE wax production across the globe
• In terms of volume, the high-density product segment accounted for the largest share of the market in 2020 and is expected to retain its lead throughout the forecast period
• The paints & coatings application segment dominated the global market and accounted for more than 21% of the overall revenue share in 2020
• Asia Pacific accounted for more than 12% of the global share, in terms of volume, in 2020. Increasing consumption of the product in the industrial and infrastructural industries is assisting the market growth in the region
• In April 2020, Lubrizol Corp. joined hands with Nike, Inc. by donating Thermoplastic Polyurethane (TPU) polymers, an essential element in PPE kits, to produce and donate Powered Air-Purifying Respirator (PAPR) lenses and full-face shields for frontline healthcare workers during the COVID-19 pandemic

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Oxidized Polyethylene Wax Market Segmentation

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

Oxidized PE Wax Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• High-density
• Low-density

Oxidized PE Wax Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Plastic Processing
• Paints & Coatings
• Printing Inks
• Textiles
• Rubber Processing
• Metal Processing
• Adhesives
• Candles
• Food
• Others

Oxidized PE Wax Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Oxidized Polyethylene Wax Market

• Baerlocher GmbH
• The Lubrizol Corp.
• SCG Chemicals Co., Ltd.
• Marcus Oil
• Deurex AG
• Munzing Chemie GmbH
• Honeywell International Inc.

About Grand View Research

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

Filters Market To Make Great Impact In The Near Future by 2028: Grand View Research Inc.

 Filters Market Growth & Trends

The global filters market size is expected to reach USD 101.88 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.7% from 2021 to 2028. The growing demand for filters from the automobile industry to reduce the emission levels owing to the regulations by several agencies, such as the U.S Environment Protection Agency (EPA) and Department of Energy (DOE), is expected to drive the market over the forecast period.

The market is expected to witness significant growth over the forecast period owing to the rise in product demand from the water and wastewater treatment industry. The governments across various developing countries are emphasizing the development of water treatment infrastructures to provide safe water to their citizens for various purposes, such as drinking, sanitation, and cooking.

The increasing concerns regarding clean air are also anticipated to boost the growth of the air filtration industry over the forecast period. The rise in disposable income, rapid urbanization, and health concerns have resulted in people investing significantly in air purifier systems for domestic use. This shift in consumer behavior is expected to positively impact the market growth over the forecast period.

The industry exhibits a large number of established players controlling a significant market share. Key players are focused on research and development activities for the development of new products and services in the market to enhance their service offerings, thereby attaining business growth in the market.

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Filters Market Report Highlights

• By product, air filters are expected to exhibit the fastest CAGR of 6.1% from 2021 to 2028 on account of the high product penetration in air filtration products, such as air purifiers
• The motor vehicles application segment dominated the market in 2020 owing to the extensive product use in the automobile industry to reduce the fuel consumption levels and the rapid growth of the automobile industry
• Asia Pacific is estimated to exhibit the fastest CAGR over the forecast period owing to the growing product demand in industries, such as chemicals, power generation, metal processing, and cement, to reduce the greenhouse gas emissions
• The demand for filters is expected to be hampered owing to the COVID-19 pandemic in 2020. Lockdowns in major countries led to the temporary closure of various industries and automobile production units to limit the spread of the virus
• The companies are emphasizing the development of new sustainable products to offer improved efficiency and better value to the customers. Extension of products and service offerings to customers is also one of the primary strategies employed by the companies

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Filters Market Segmentation

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

Filters Product Outlook (Revenue, USD Million, 2017 - 2028)

• Fluid Filters
• ICE Filters
• Air Filters

Filters Application Outlook (Revenue, USD Million, 2017 - 2028)

• Motor Vehicles
• Consumers Goods
• Utilities
• Industrial & Manufacturing
• Others

Filters Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Thailand
  • Malaysia
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players of Filters Market

• 3M
• Airex Filter Corporation
• Koch Filter
• Freudenberg Filtration Technologies SE & Co. KG
• Donaldson Company, Inc.
• Camfil AB
• Parker Hannifin Corporation
• DENSO Corporation
• Clark Air Systems
• Spectrum Filtration Pvt. Ltd.

About Grand View Research

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

Textile Market Latest Innovations, Drivers and Industry Key Events 2021 – 2028: Grand View Research Inc.

 Textile Market Growth & Trends

The global textile market size is anticipated to reach USD 1412.5 billion by 2028, according to a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 4.4% from 2021 to 2028. Rising consumer awareness coupled with fast pace changing trends in the fashion industry is projected to drive the market.

The rise in the e-commerce platforms that support sales and distribution of different types of products manufactured by the industry is expected to drive the demand. In addition, stringent government regulations to ensure labor safety is compelling the demand for personal protective clothing that requires wool or treated cotton as raw material, which is fueling the market growth.

Increasing demand for medical textiles in the healthcare industry due to the rise in awareness towards health and hygiene is adding growth prospects to the industry. Moreover, increased concern towards the environment is propelling the demand for sustainable and natural-fibers such as cotton, hemp, linen, silk, and others, which, in turn, is adding growth prospects to the market.

The rising adoption of technological components in fabrics to monitor external stimuli and translate them into data is propelling the growth of smart textiles. These products have a wide range of applications in fashion, entertainment, transportation, medical, and other industries, which are expected to open new technological avenues required in the production of textile products over the forecast period.

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Textile Market Report Highlights

• Cotton raw-material-based textile products are expected to witness a CAGR of 4.4% over the forecast period on account of their high production and availability across various prominent regions including North America, Europe, and Asia Pacific
• In 2020, fashion emerged as the largest application segment with a revenue share of 74.3% and is likely to ascend at a significant rate during the forecast period owing to rapidly changing fashion trends, coupled with the demand for high-quality apparel required in sports activities
• In 2020, Asia Pacific emerged as the largest market that accounted for over 47.0% of the total revenue, owing to the presence of highly populated economies such as China, India, Australia, and Japan
• In North America, the natural-fibers product segment accounted for revenue share equivalent to USD 57.7 billion in 2020 and is anticipated to gain higher shares in the upcoming period on account of rising demand from the fashion, sports, and apparel industries
• Prominent players in the market are establishing business units in the raw-material producing regions for easy raw-material procurement and economical labor. Moreover, government support and policies such as trade agreements and investment within the countries are expected to influence the market

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Textile Market Segmentation

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

Textile Raw Material Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2028)

• Cotton
• Chemical
• Wool
• Silk
• Others

Textile Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2028)

• Natural-Fibers
• Polyesters
• Nylon
• Others

Textile Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2028)

• Household
  • Bedding
  • Kitchen
  • Upholstery
  • Towel
  • Others
• Technical
  • Construction
  • Transport
  • Medical
  • Protective
• Fashion & clothing
  • Apparel
  • Ties & Clothing accessories
  • Handbags
  • Others
• Others

Textile Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Turkey
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
• Middle East & Africa (MEA)
  • Saudi Arabia
  • Iran

List of Key Players of Textile Market

• BSL Limited
• INVISTA S.R.L.
• Lu Thai Textile Co., Ltd.
• Paramount Textile Limited
• Paulo de Oliveira, S.A.
• Successori REDA S.p.A.
• Shandong Jining Ruyi Woolen Textile Co. Ltd.
• Sinopec Yizheng Chemical Fibre Company Limited
• China textiles Ltd.
• Rhodia SA
• Li & Fung Group
• Modern Woollens Ltd.
• Mayur Suitings
• JCT Limited

About Grand View Research

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

Specialty Gas Market is Likely To Touch USD 18.22 Billion by 2028: Grand View Research Inc.

 Specialty Gas Market Growth & Trends

The global specialty gas market size is expected to reach USD 18.22 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.8% from 2021 to 2028. Increased preference for specialty gases in the healthcare sector owing to an increased rate of applicability in medical applications is a driving factor for the strong market growth.

Increased rate of applicability in key applications such as manufacturing (welding and cutting, lighting, laser, chemicals), healthcare (medical devices, pharmaceutical drugs manufacturing, anesthetic), electronics (flat panel displays, semiconductor devices), and analytical and calibration instruments are expected to drive market growth.

The manufacturing and electronics industries are flourishing at an increased rate in emerging economies of Asia Pacific. Government initiatives to strengthen analytical testing capabilities, growing expenditure on drugs and medical devices by public health organizations, technological advancement, and government investments in the healthcare and electronics industries are increasing the demand for specialty gas.

Prevailing energy and environment-friendly practices coupled with growing societal awareness towards green products and solutions are anticipated to develop more stringent environmental and emission norms over the forecasted period. Furthermore, key players such as Air Liquide, Praxair, Inc., Linde AG, etc. are developing clean technologies and introducing innovative solutions that will lower emissions and pollutants.

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Specialty Gas Market Report Highlights

• Carbon gases was the largest segment by product capturing over 26% of the market share in 2020. Carbon gases are obtained from various natural sources and used by end-use industries such as chemicals, oil, food and beverages, etc. Majorly carbon dioxideand carbon monoxide have an increasing demand in the market owing to the high applicability rate in many industrial applications
• The healthcare segment is anticipated to reach USD 4.66 billion in 2027. Specialty gases are used on large scale in devices such as nuclear magnetic resource imaging, magnetic resonance imaging, and ophthalmology, etc.
• Asia Pacific region captured the largest regional segment in 2020 accounting for USD 4.20 billion owing to steady capacity expansions by surgical instruments, defense equipment, electronics, cotton, textiles industries, and a growing number of new applications of specialty gases is expected to drive market growth
• The market is competitive with key participants involved in R&D and constant innovation done by the vendors has become one of the most important factors for companies to perform in this industry. Key manufactures include Air Liquide S.A., Air Products and Chemicals, Inc., Iwatani Corporation, Linde plc, and Messer Group GmbH.

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Specialty Gas Market Segmentation

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

Specialty Gas Product Outlook (Revenue, USD Million, 2016 - 2028)

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

Specialty Gas Application Outlook (Revenue, USD Million, 2016 - 2028)

• Manufacturing
• Electronics
• Healthcare
• Institutional
• Other

Specialty Gas Regional Outlook (Revenue, USD Million, 2016 - 2028)

• 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

List of Key Players of Specialty Gas Market

• 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
• Showa Denko K.K.

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.

How Sports Analytics is Changing the Game

 

Know More- https://www.grandviewresearch.com/industry-analysis/sports-analytics-market

The sports industry generates large volumes of data. However, most of this data is raw data, which is unable to provide any clear insights. Nevertheless, if the data is used effectively, it can potentially provide deeper insights into the performance of individual players as well as the entire team. Analytical tools can help analyze this raw data and provide meaningful insights in real-time using interactive graphical interfaces.

Sorbitol Market to Expand at a CAGR of 6.5% Through 2028: Grand View Research Inc.

 Sorbitol Market Growth & Trends

The global sorbitol market size is expected to reach USD 2.44 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.5% from 2021 to 2028. The increasing awareness regarding the health and digestive benefits associated with the digestive health supplements, rising geriatric population, increasing demand for non-medical dietary supplements, and technological advancements in the processing of these products are driving the demand for sorbitol-based products, consequently aiding the growth of the market over the forecast period.

The market growth is expected to be fueled by the increasing demand for the product for use in the manufacturing of various food and beverages, such as fruit juice, candies, and chocolates. Moreover, vitamin C is synthesized using sorbitol as the product is one of the building blocks in the manufacturing process. Vitamin C is also used for the production of dietary supplements, which is expected to grow at a high rate over the forecast period, resulting in the high growth of the market. The rise in the number of gym-goers, coupled with the increasing awareness regarding health and fitness, has positively affected the demand for nutritional drinks, thus has increased the demand for specialty ingredients across the world.

The liquid product segment dominated the market in 2020. It is used in the production of candy to increase its chewy texture and softness. Liquid sorbitol is also finding new applications in the tobacco market as it is added to chewing tobacco to enhance its flavor. The growing applications of liquid sorbitol are expected to be helpful in the growth of the segment over the forecast period. The crystal product segment is anticipated to witness significant growth from 2021 to 2028. Crystal sorbitol is used in numerous cosmetic products, such as moisturizers and face creams, in the form of humectant due to its resistance to bacteriological degradation and ability to retain moisture. The growing demand for cosmetic products is expected to impact the market growth positively over the forecast period.

The food end-use segment dominated the market in 2020. Sorbitol is majorly used as a sweetener and a low-calorie sugar substitute in the food and beverage industry. In addition to providing sweetness, sorbitol also acts as an excellent texturizing and anti-crystallization agent in the production of ice cream and bakery products. The growth of the food end-use segment is also attributed to rising product utilization in the production of diabetic food products. Efficiency in operation and product innovation are expected to drive the market. Fast-paced lifestyle and increased preference for convenience food are presumed to be some of the major drivers of the food processing sector, resulting in the growth in demand for sorbitol.

Factors such as advancements in nutrition and technology, growing consumer inclination toward improved health and longevity, and increasing frequency of exercising in modern lifestyles are expected to contribute to augmented consumption of fiber-rich, organic, and gluten-free foods. This is expected to boost the consumption of sorbitol in the production of fiber-rich and gluten-free food products, thereby driving the market.

The companies are developing a broad range of products to cater to the requirements of different application industries and boost sales growth, thereby leading to the development of a diversified product portfolio. This, in turn, is expected to aid the companies to target different market segments and also improve brand equity.

Major companies in the market own several trademarks and patents, which emerge as valuable assets for the company. These patents and trademarks offer an important competitive edge to the companies. These patents also witness the streams of new inventions generated by the companies, which are expected to enhance customer satisfaction and contribute to strengthening customer relationships. These patents also improve brand equity as well as the financial performance of the companies operating in the market. Over the forecast period, sorbitol is therefore expected to see an increased number of applications in the food and beverage industry.

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Sorbitol Market Report Highlights

• By product, liquid accounted for the largest share in terms of revenue as well as volume in 2020. The product is preferred over other substitute products as it is non-carcinogenic and has a pleasant and sweet taste
• The crystal product segment is expected to expand at the highest growth rate over the forecast period. Crystal sorbitol is used as a plasticizer in the manufacturing of capsule outer shell and as an excipient and filler in the production of pharmaceutical capsules
• The vitamin C application segment is expected to register the highest growth rate over the forecast period owing to its increasing use in functional foods and dietary supplements
• The food end-use segment held the largest market share in terms of revenue and volume in 2020. The food processing industry across the world is expected to witness a boost in sales owing to the increased consumer preferences in terms of variety of products as well as quality
• Companies operating in the market are continuously involved in the enhancement of the quality of products and the companies keep introducing new products with advanced features that are competitive in both performance and prices

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Sorbitol Market Segmentation

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

Sorbitol Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Liquid
• Crystal

Sorbitol Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Oral Care
• Vitamin C
• Diabetic & Dietetic Food & Beverage
• Surfactant
• Others

Sorbitol End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Personal Care
• Chemical
• Food
• Pharmaceuticals
• Others

Sorbitol Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Thailand
• Central & South America (CSA)
  • Brazil
• Middle East & Africa (MEA)
  • Saudi Arabia

List of Key Players of Sorbitol Market

• American International Foods, Inc.
• ADM
• Cargill Incorporated
• DuPont
• Gulshan Polyols Ltd.
• Merck KGaA
• Ecogreen Oleochemicals GmbH
• Qinhuangdao Lihua Starch Co., Ltd.
• Roquette Frères
• SPI Pharma
• Tereos
• Ingredion Incorporated
• Kasyap Sweeteners, Ltd.

About Grand View Research

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

Paint Protection Film Market to Witness Exponential Growth by 2028: Grand View Research Inc.

 Paint Protection Film Market Growth & Trends

The global paint protection film market size is projected to reach USD 428.09 million by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.4% during the forecast period. Increasing consumer awareness about vehicle paint protection against stone chipping, bug splatters, and abrasions is expected to trigger the demand for Paint Protection Films (PPFs).

On the other hand, ceramic coating technologies are likely to be used as a substitute to these films on account of their superior performance against abrasions and scratches, thus impacting the growth of the market. In addition, frequent discrepancies in raw material pricing as well as declining automotive production in several economies, such as the U.S., Korea, and Japan, are predicted to act as a restraining factor for the market players. However, the rapid growth of other end-use application sectors, such as aerospace & deference and electrical & electronics, is anticipated to provide new opportunities to them. 

The global market is highly competitive on account of the easy availability of raw material and the strong presence of several key players with sufficient production capacities. Product sustainability, price, and durability are anticipated to be the key factors impacting the buyers’ decisions. The product is broadly available in retail as well as online platforms. Moreover, its installation necessitates expertise and specially trained employees for optimal results. Therefore, key industry participants are also focusing on after-purchase services. Some players have various established contracts with domestic installers to expand their geographical presence.

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Paint Protection Film Market Report Highlights

• In 2020, automotive & transportation emerged as the largest application segment and accounted for over 72% of the global revenue share, in which a majority of the product demand is attained from the passenger cars segment due to its superior color protection characteristics
• The aerospace & defense application segment is poised to register the fastest CAGR of 7.8% over the forecast period
• The growth of this segment can be attributed to the increasing investments in the aircraft and defense sectors in China, U.S., and India
• In 2020, the electrical & electronics application segment accounted for 4% of the overall market volume
• This share resulted majorly from the demand for electronic gadgets, such as mobiles, laptops, tablets, and phablets, in emerging economies of Asia Pacific and Central & South America
• In 2020, Asia Pacific was the leading regional market, in terms of volume as well as revenue, due to high product demand
• The regional market will expand further at the fastest CAGR from 2021 to 2028 mainly due to a significant rise in automotive sales in emerging economies, such as China, India, Vietnam, Thailand, and South Korea

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Paint Protection Film Market Segmentation

Grand View Research has segmented the global paint protection film market on the basis of application and region:

PPF Application Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2028)

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

PPF Regional Outlook (Volume, Thousand Sq. Meters; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Indonesia
  • Thailand
  • Malaysia
• Central & South America
• Middle East & Africa

List of Key Players of Paint Protection Film (PPF) Market

• KDX Composite Material
• 3M Company
• Eastman Chemical Company
• Premier Protective Films International
• Renolit
• SWM, Inc.
• XPEL, Inc.
• Avery Dennison Corp.

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.

Hydrogen Generation Market Major Key Players And Latest Trend Analysis Till 2028: Grand View Research Inc.

 Hydrogen Generation Market Growth & Trends

The global hydrogen generation market size is expected to reach USD 184.11 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2021 to 2028. The global energy crisis has fostered research and exploration in alternative sources of energy generation and several sustainable conservation initiatives. Sustainability in energy generation is a vast field and includes numerous steps, which are required to be implemented in the primary stages, as their potential environmental and commercial impacts can be substantial.

The growing investments in smart “energy-saving” residential and commercial buildings are expected to provide an impetus to the adoption of hydrogen for energy generation. Hydrogen is a financially viable option to investors as they also comply with federal and environmental regulations, catering to the ever-increasing demand for energy.

According to post analysis of preliminary data from the Energy Information Administration, natural gas outshined coal in 2016 as the most common resource used for electricity generation in the U.S. The organization had projected that the natural gas fueled-electricity generation in the U.S. is expected to provide an average of 3.8 million MWh per day in 2016, or 4% higher than in 2015.

According to an article published by The Washington Post in March 2017, there are 1,793 natural gas-powered electricity plants in the U.S., which generated 34% of the electricity in 2016, surpassing coal as well as nuclear power plants. Although the reducing number of natural gas reserves is a major concern, certain political strategies have led to the reduced use of this fuel.

Developing countries such as India and China are projected to fuel the market growth over the next eight years. China is expected to decrease its dependence on coal and increase its focus on renewable installed capacity and hydrogen gas in the near future, thus making it a key market for hydrogen generation over the forecast period.

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Hydrogen Generation Market Report Highlights

• The coal gasification technology segment is projected to expand at the highest revenue-based CAGR during the forecast period. The hydrogen generation from coal also offers environmental benefits when integrated with advanced technologies in coal gasification, carbon capture, and power production, which is expected to drive the demand for hydrogen generation via coal gasification
• The transportation application segment is expected to witness significant growth over the forecast period owing to the increasing demand for hydrogen as a vehicle fuel
• The others application segment of hydrogen generation includes chemical industry, oil refining, and iron and steel  The chemical sector is a major producer of by-product hydrogen, which is consumed within the sector as well as distributed for industrial use
• In January 2018, there were 39 public hydrogen fueling stations across the U.S., of which 35 were in California and 2 in South Carolina and the Northeast, respectively. Moreover, 29 and 5 public hydrogen fueling stations have been planned in California and the Northeast, respectively

Access Press Release@ https://www.grandviewresearch.com/press-release/global-hydrogen-generation-market

Hydrogen Generation Market Segmentation

Grand View Research has segmented the global hydrogen generation market on the basis of technology, application, systems type, and region:

Hydrogen Generation Technology Outlook (Volume, Million Metric Tons; Revenue, USD Billion, 2016 - 2028)

• Coal Gasification
• Steam Methane Reforming
• Others

Hydrogen Generation ApplicationOutlook (Volume, Million Metric Tons; Revenue, USD Billion, 2016 - 2028)

• Methanol Production
• Ammonia Production
• Petroleum Refinery
• Transportation
• Power Generation
• Others

Hydrogen Generation SystemsTypeOutlook (Volume, Million Metric Tons; Revenue, USD Billion, 2016 - 2028)

• Merchant
• Captive

Hydrogen Generation Regional Outlook (Volume, Million Metric Tons; Revenue, USD Billion, 2016 - 2028)

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

List of Key Players of Hydrogen Generation Market

• Linde plc
• Air Liquide International S.A.
• Messer Group GmbH
• Air Products and Chemicals, Inc.
• Weldstar, Inc.
• Hydrogenics
• Inox

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.