Biogas Market to Witness Soaring Growth During 2021 – 2028: Grand View Research Inc.

 Biogas Market Growth & Trends

The global biogas market size is expected to reach USD 81.37 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. Electricity was the dominant application segment in 2020 with a revenue share of 30.05%. Shifting focus towards the use of renewable sources of energy, mainly in the electricity sector, has considerably augmented the demand for biogas in electricity applications. In addition, the growing need to reduce dependency on fossil fuels is forming lucrative prospects for biogas in applications, such as vehicle fuel. The COVID-19 pandemic is impacting product demand in heat generation applications.

Sluggish industrial activities have reduced the demand for heat consumption, thereby negatively affecting the market. The shifting priorities of consumers to focus on essentials, such as food and medicines, are further affecting the product demand in the cooking gas application segment owing to the high initial investments associated with setting up digesters. The growing trend of the circular economy, particularly in European countries, is shifting the focus of the food and beverage industries towards proper management of food waste to attain a zero-waste economy. Therefore, companies, such as Nestlé S.A., PepsiCo, Inc., and Unilever plc, have started directing some food waste to biogas production to generated power for manufacturing units.

The increasing adoption of biogas in Canada drives the market in North America. Biogas production is expected to increase owing to the high demand for fuel with low emission of harmful gases and the need for a reduction in Greenhouse Gas (GHG) emissions. Manufacturers are adopting strategies, such as mergers and acquisitions, to increase their production capacity and market share in the region. South Africa is expected to provide ample growth opportunities to the global market on account of rising concerns regarding GHG emission levels in the country. The country is focusing on developing its market to limit carbon emissions.

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Biogas Market Report Highlights

• In terms of revenue, the municipal segment accounted for a prominent share in 2020 and is projected to expand further at a steady CAGR over the forecast period
• Europe was the largest regional market in 2020 due to favorable regulatory policies along with high government investments
• However, it is likely to lose its share to the APAC regional market by 2028, which will lead the global market
• The MEA region is estimated to register the second-fastest CAGR from 2021 to 2028 on account of supportive initiatives by the regional governments
• For instance, the Dubai Municipality built a biogas plant at the Warsan sewage treatment plant with an aim to decrease carbon dioxide emission levels
• This project is guided by the Dubai Clean Energy Strategy 2050, and with this strategy, the city aims to become the world’s minimum carbon footprint city by the year 2050

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Biogas Market Segmentation

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

Biogas Source Outlook Source Outlook (Revenue, USD Million, 2017 - 2028)

• Agricultural
  • Dairy
  • Poultry
  • Swine Farm
  • Agricultural Residue
• Industrial
  • Food Scrap
  • Wastewater
• Municipal
  • Landfill
  • Wastewater

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

• Electricity
• Heat
• Vehicle Fuel
• Upgraded Biogas
• Cooking Gas

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

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

List of Key Players of the Biogas Market

• Biogas Fuels International AB
• Schmack Biogas Service
• Gasum Oy
• Total
• Agrinz Technologies GmbH
• HomeBiogas, Inc.
• Xebec Adsorption, Inc.
• DMT International
• Air Liquide
• PlanET Biogas

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.

Waste Recycling Services Market Growth With Worldwide Industry Analysis To 2028: Grand View Research Inc.

 Waste Recycling Services Market Growth & Trends

The global waste recycling services market size is anticipated to reach USD 81.3 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness pertaining to effective waste disposal in sustaining human and animal health has resulted in the development of numerous disposal systems and processes, which is expected to complement market growth.

Waste recycling service is an important component of urban infrastructure owing to its ability to protect both the environment and human health, which is a political as well as environmental concern. Waste management is intertwined with a variety of concerns, including urban lifestyles, resource consumption patterns, and other socioeconomic and cultural aspects.

Rapid industrialization has boosted the consumption of harmful chemicals, resulting in the generation of a substantial amount of hazardous waste. Furthermore, increased agricultural production has boosted the livestock & agricultural crop wastes along with agro-industrial by-products. Thus, increased generation of waste is likely to boost the demand for services for waste recycling.

Governments across the world are embracing the public-private partnership model to match the operational knowledge provided by the private sector. Rising focus on greening the waste recycling industry with emphasis on the 3Rs i.e. reduce, reuse, and recycle is critical to achieving the environmental, economic, and social goals of sustainable development, thereby driving the market growth.

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Waste Recycling Services Market Report Highlights

• The municipal segment accounted for over 53% of the global revenue share in 2020 owing to the implementation of policy frameworks and increasing investments in municipal trash recycling services in developing economies of India, China, Bangladesh, and Thailand
• Electronic waste accounted for a significant market share in 2020 as manufacturers are focusing on recycling, disposing, and reusing to ensure a sustainable future, both in developed and developing economies
• Plasticsare projected to witness a CAGR of 7.0% from 2020 to 2028 on account of initiatives undertaken by various governments, environmentalists, and non-profit organizations globally to reduce plastic waste and meet sustainable development goals
• Asia Pacific accounted for more than 39% of the global revenue share in 2020 due to the rapid industrialization, population expansion, and economic growth, resulting in increased waste generation
• The global market has witnessed significant technical improvements and sustainability, which have aided the service providers to reduce operating costs and enhance profit margins

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Waste Recycling Services Market Segmentation

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

Waste Recycling Services Product Outlook (Revenue, USD Million, 2017 - 2028)

• Paper & Paperboard
• Metals
• Plastics
• Glass
• Food
• Bulbs, Batteries & Electronics
• Yard Trimmings
• Others

Waste Recycling Services Application Outlook (Revenue, USD Million, 2017 - 2028)

• Municipal
• Industrial
• Others

Waste Recycling Services Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • The Netherlands
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia

List of Key Players of Waste Recycling Services Market

• Eurokey Recycling, Ltd.
• Northstar Recycling
• Triple M Metal LP
• Amdahl Corp.
• Interface, Inc.
• Covanta
• Epson, Inc.
• Collins & Aikman
• Xerox Corp.
• Fetzer Vineyards
• Biffa

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.

Respiratory Protective Equipment Market Will Be Worth USD 14.46 Billion by 2028: Grand View Research Inc.

 Respiratory Protective Equipment Market Growth & Trends

The global respiratory protective equipment market size is expected to reach USD 14.46 billion by 2028, registering a CAGR of 7.7% over the forecast period, according to a new report by Grand View Research, Inc. Favorable occupational safety regulations, the emergence of infectious biological hazards, and rising incidences of mesothelioma disease are expected to boost the demand for respiratory protective equipment (RPE). The rising cases of COVID-19 resulted in the shortages of N95 masks and other particle filtering respirator masks leading to hoarding and panic buying. Export bans, trade restrictions, and government regulations led to increased prices, which is expected to augment the market growth.

Occupational safety regulations laid out by agencies, such as Occupational Safety and Health Administration (OSHA), National Institute for Occupational Safety and Health (NIOSH), European Committee for Standardization (CEN), and ISO, have resulted in a favorable environment for the adoption of RPE. Furthermore, the invoking of certain laws, such as the Defense Production Act, during the pandemic is expected to boost the market growth. Key players in the industry are developing products with distinctive features, such as powered air-purifying respirators with automatic filters to gain dominance in the global market. For instance, LG Electronics launched its face mask, which is a combination of electronic fans and HEPA filters making it an air purifier.

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Respiratory Protective Equipment Market Report Highlights

• The Supplied Air Respirators (SARs) segment is anticipated to register the fastest CAGR from 2019 to 2028 on account of increasing adoption of SAR due to their high-level respiratory protection and low weight
• The healthcare end-use segment accounted for 47.3% of the overall revenue share in 2020 owing to the outbreak of the COVID-19 pandemic, which led to the exponential demand for masks and respirators
• Asia Pacific is estimated to grow at the fastest CAGR over the forecast period on account of increasing usage of products, such as respirators and self-contained breathing apparatus, in the pharmaceutical and construction industries
• Germany accounted for the highest revenue share of the Europe regional market and will remain dominant throughout the forecast years
• This is due to the rapid growth of the residential construction industry in the country, which requires respiratory equipment to prevent inhalation of dust, gases, vapors, and mist
• Key players are engaged in launching new products as a part of their strategic initiatives
• Companies are also involved in technological advancements offering integrated solutions for eye, head, face, and respiratory protection

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Respiratory Protective Equipment Market Segmentation

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

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

• Air-purifying Respirators (APRs)
  • Unpowered Air-Purifying Respirators
    • Disposable Filtering Half Mask Respirator
    • Half Mask Respirator
    • Full Face Mask Respirator
  • Powered Air-Purifying Respirators (PAPR)
    • Half Mask Respirator
    • Full Face Mask Respirator
    • Helmets, Hoods, Visors
  • Escape Respirators
• Supplied Air Respirators (SARs)
  • Self-contained Breathing Apparatus
  • Full Face Masks
  • Airline Respirators

RPE End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Oil & Gas
• Fire Services
• Petrochemical/Chemical
• Industrial
• Pharmaceuticals
• Construction
• Healthcare
• Mining
• Others

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

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

List of Key Players of Respiratory Protective Equipment Market

• 3M
• Alpha Pro Tech Ltd.
• Ansell Ltd.
• Honeywell International, Inc.
• Avon Rubber p.l.c.
• MSA Safety, Inc.
• Intech Safety Pvt. Ltd.
• Delta Plus Group
• Bullard
• ILC Dover LP
• DuPont
• Kimberly-Clark Corp.
• Polison Corp.
• Uvex Safety Group
• Gateway Safety, 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.

Aluminum Foil Market Trends, Demand, Production, Analysis and Forecast to 2028: Grand View Research Inc.

 Aluminum Foil Market  Growth & Trends

The global aluminum foil market size is expected to reach USD 38.40 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.0% from 2021 to 2028. Demand from the food industry for packaging applications is likely to benefit the market growth over the coming years.

Steady growth in food commodities, a large volume of agricultural production, and incessant food demand fueled by increasing incomes are some of the factors that are projected to push the growth of the food packaging sector globally. Aluminum foil has witnessed an increase in usage in the food and beverage packaging industry owing to various benefits such as flexibility, lightweight, hygiene, non-toxicity, recyclability, and the ability to keep the aroma of the foods intact.

Aluminum foil obstructs light, oxygen, bacteria, and moisture, which has led to its increasing demand in pharmaceutical and food packaging. Aluminum foil finds application in blister packs in the pharma industries. These packs are compact and portable, wherein products such as capsules and tablets are hygienically protected. This ensures the protection of capsules and tablets from the external environment while maintaining the effectiveness of these pharma products.

Industrial applications, mainly batteries, are likely to offer numerous growth opportunities for the market vendors over the coming years. The global demand for overall batteries is expected to increase to nearly 2600 GWh by 2030 from around 280 GWh in 2020, where electric mobility will account for a major share in the market.

LiB is anticipated to witness rapid growth in the overall battery market. For example, in July 2020, BMW Group announced a partnership with North volt and Umi core to build a plant for the production of LiB cells. Such initiatives are anticipated to augment the demand for aluminum foil in the automotive industry across the forecast period.

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Aluminum Foil Market Report Highlights

• By application, the wrapper foils segment held the second-largest revenue share in 2020. The demand for wrapper foils in households, restaurants, and other food supply chains is projected to keep up the momentum over the long term
• The blister packs application segment is anticipated to remain the fastest-growing segment over the forecast period. These packs are used to protect tablets and capsules in the pharma industry. The recent outbreak of COVID-19 has rapidly increased the usage of blister packs as the demand for various healthcare products has amplified rapidly
• In terms of end use, the packaging segment dominated the market in 2020 and is likely to maintain its position during the forecast period. The expansion of online food delivery platforms such as Meituan Waimai, Ubereats, Delivery Hero, Zomato, and Grubhub is projected to benefit the growth
• Asia Pacific is projected to remain the thefastest-growing regional market from 2021 to 2028. The emerging middle class and the rising population are benefiting the growth of the food and beverage and pharmaceutical industries, which is likely to assist in the market growth

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Aluminum Foil Market Segmentation

Grand View Research has segmented the global aluminum foil market on the basis of end use, application, and region:

Aluminum Foil End-use Outlook (Volume, Kilotons; Revenue, USD Billion, 2017 - 2028)

• Packaging
  • Food & Beverage
  • Tobacco
  • Pharmaceutical
  • Cosmetic
• Industrial

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

• Wrapper Foils
• Container Foils
• Foil Lids
• Pouches
• Blister Packs
• Collapsible Tubes
• Others

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

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

List of Key Players of Aluminum Foil Market

• Hindalco Industries Limited
• Amcor Plc
• Zhejiang Junma Aluminum Industry
• Huawei Aluminium
• Eurofoil
• ACM Carcano
• Assan Aluminyum

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.

Structural Steel Market to Represent a Significant Expansion at 5.3% CAGR from 2021 to 2028: Grand View Research Inc.

 

Structural Steel Market Growth & Trends

The global structural steel market size is expected to reach USD 146.41 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.3% over the forecast period. The market growth is attributed to the growth in the construction sector and rising demand for steel as a green and sustainable material. Structural steel is utilized for construction-related applications. Its high carbon content offers high strength and low ductility. It is available in the form of various shapes such as I-beam, Z-shape, angle, tee, bar, and rod, depending upon the applications. It can be customized into a variety of shapes in different thicknesses and sizes owing to its ductility. Based on application, the market is segmented into residential and non-residential, where the latter dominates the market, in terms of revenue share.

Growing spending on the commercial sector & infrastructural developments across various nations is augmenting the product demand in non-residential applications. The segment is further divided into industrial, commercial, offices, and institutional. Structural steel is widely used in numerous industrial sectors owing to its high strength-to-weight ratio. In the construction industry, it is utilized in designing and building industrial spaces, such as warehouses, bridges, and factories. Growth in the manufacturing sector is expected to propel the need for new factories and plants. For instance, after the emergence of the COVID-19 pandemic, various new facilities were established to meet the rising demand for PPE in the U.S.

Asia Pacific was the dominant regional market in 2020 and this trend is anticipated to continue over the forecast period. The growing construction spending in the developing economies of the region is anticipated to augment the product demand. For instance, in August 2021, India announced that it aims at spending INR 100 trillion (USD 1.35 trillion) on infrastructure development for boosting economic growth and jobs in the country. The competitive rivalry is extremely high in the market due to the presence of several small- and large-scale players spread across the world. The companies are striving to recover from their losses caused by the COVID-19 pandemic and are taking initiatives, such as mergers & acquisitions and capacity expansions, to further widen their reach.

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Structural Steel Market Report Highlights

• Based on region, Asia Pacific dominated the global market in 2020 on account of the growing infrastructural developments in the region
• The non-residential application segment is anticipated to register the fastest CAGR, in terms of revenue, over the forecast period due to the rising renovation activities and spending on infrastructure development
• The industrial sub-segment led the non-residential application in 2020. Increasing construction of lightweight industrial building systems that make use of thin sheet-covered surfaces is the recent technological development, which is driving the demand for high-strength structural steel
• Middle East & Africa is expected to register the second-fastest CAGR of 5.1%, in terms of revenue, over the forecast period. The growth can be attributed to the upcoming infrastructure-related projects in the Middle East

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Structural Steel Market Segmentation

Grand View Research has segmented the global structural steel market on the basis of application and region:

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

• Residential
• Non-Residential
  • Industrial
  • Commercial
  • Offices
  • Institutional

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

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Spain
  • Russia
  • Turkey
  • Poland
• Asia Pacific
  • China
  • Taiwan
  • Japan
  • Hong Kong
  • Thailand
  • Malaysia
  • Singapore
  • Vietnam
  • Philippines
  • India
  • Australia
  • New Zealand
  • Indonesia
• Central & South America
  • Brazil
  • Chile
  • Colombia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Iran
  • South Africa

List of Key Players of Structural Steel Market

• ArcelorMittal
• Baogang Group
• Evraz plc
• Gerdau S.A.
• JSW Steel
• POSCO
• Nippon Steel Corp.
• Tata Steel
• SAIL

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.

Organic Rankine Cycle Market to Penetrate Untapped Regions During 2021 to 2028: Grand View Research Inc.

 Organic Rankine Cycle Market Growth & Trends

The global organic rankine cycle market size is expected to reach USD 926.3 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 20.3% from 2020 to 2028. The rise in the adoption of renewable energy in countries, such as the U.S., China, Germany, and Canada, is leading to the emergence of supportive regulations and provision of financial incentives for the deployment of renewable energy. Financial incentives such as feed-in-tariff, subsidies, and tax benefits are some of the major tools utilized by countries around the world to attract investment in the renewable energy sector. These factors are expected to propel the growth of the organic rankine cycle (ORC) market in the near future.

The supply chains of spare parts for ORC systems are majorly affected due to the shutdown of production facilities of the manufacturers. The manufacturing of most components in the energy and power sector is slowing down considerably. In addition, local and international travel restrictions, quarantine requirements, and lockdowns have caused delays in the shipment of already manufactured parts to be supplied to the distributors and end users. ORC manufacturers usually have access to an adequate supply of critical parts, devices, components, and materials for emergencies. But these companies are facing bottlenecks due to the limited production of supplies in countries severely affected by COVID-19.

The geothermal application segment led the market in 2020. This can be attributed to the large-scale megawatt capacity of these geothermal projects as compared to other application segments, such as biomass, waste heat recovery, and solar thermal. Each of the geothermal projects is usually of the capacity of more than 10 MW, whereas ORC-based projects in other application segments are not always of capacities equivalent to 10 MW and are generally less than 1 to 2 MW.

The ORC market is a concentrated market where major companies such as Ormat, Turboden, and Exergy accounted for more than 75.0% share in the market in 2020. These companies apart from equipment supply are also focusing on providing EPC and long-term maintenance services to enhance their market share further. This factor is expected to help these companies maintain their lead in the market in the forecast period.

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Organic Rankine Cycle Market Report Highlights

• By application, the geothermal segment held the largest revenue share in 2020. Geothermal projects are usually of higher capacity as compared to biomass and waste heat recovery projects. The growth of the segment is also attributed to the deployment of large-scale geothermal projects in recent years
• In 2020, Europe accounted for the largest revenue share of over 45.0%. The European region has been one of the front runners in implementing favorable policies and support mechanisms for the growth of renewable energy and energy efficiency projects across the globe. This has resulted in making Europe a dominant regional market
• Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, in February 2020, Turboden signed a contract to provide the Meadow Lake Tribal Council (MLTC), Canada with an 8000 kW ORC power generation system, which uses sawmill residual woody biomass as a fuel

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Organic Rankine Cycle Market Segmentation

Grand View Research has segmented the global organic rankine cycle market based on application and region:

Organic Rankine Cycle (ORC) Application Outlook (Revenue, USD Million, 2017 - 2028)

• Waste Heat Recovery
• Biomass
• Geothermal
• Solar Thermal

Organic Rankine Cycle (ORC) Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • Turkey
  • Italy
• Asia Pacific
  • China
  • Japan
  • Thailand
• Central & South America
• Middle East & Africa

List of Key Players of Organic Rankine Cycle Market

• Turboden S.p.A.
• Exergy S.p.A.
• Zhejiang Kaishan Compressor Co., Ltd.
• Ormat
• TAS
• Elvosolar, a.s.
• General Electric
• INTEC GMK
• Enogia SAS

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.

Electrical Steel Market Advanced Technologies and Growth Opportunities Worldwide By 2028

 Electrical Steel Market Growth & Trends

The global electrical steel market size is expected to reach USD 34.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.9% from 2021 to 2028. The growing need for power generation has augmented the demand for transformers, generators, and other such products that require electrical steel to deliver enhanced performance.

Electrical steel is an iron alloy that contains varying amounts of silicon. Based on its composition and application, it is also referred to as lamination steel, silicon steel, transformer steel, and relay steel. Its phenomenal magnetic properties make it of vital use in rotating and static machines.

Based on product, the market is segmented into grain-oriented and non-grain-oriented. The non-grain-oriented segment is anticipated to maintain its dominance over the forecast period owing to its widespread applications in all stages of the energy value chain from generators to appliances. The grain-oriented electrical steel mainly finds application in transformers. It is expected to register faster growth across the forecast period on account of growing production capacity for transformers.

Based on application, the transformer segment dominated the market in 2020 and this trend is expected to continue during the forecast period. On account of the growing expansion of electricity grids worldwide and rising government focus towards rural electrification, the demand for transformers has accelerated. For example, in February 2021, Sylvan Technologies Limited began manufacturing power transformers. This production will help reduce Bangladesh’s dependence on imports and play a vital role in ensuring 100% electrification in the country.  

Based on region, Asia Pacific held the largest revenue share of the market in 2020 and is anticipated to maintain its dominance across the forecast period. Growing electricity generation and rising production of electric vehicles in the region have augmented the need for products including transformers, generators, and motors. The increase in manufacturing of these products in turn is anticipated to boost the consumption of electrical steel over the forecast period.

Considering the huge potential growth in the electric vehicles market, companies from different industries are expressing interest in electric car manufacturing. For instance, in March 2021, Xiaomi announced that it plans to produce electric vehicles in partnership with Great Wall Motor. The company expects to launch its electric vehicles around 2023. 

Growth in the end-use industries has made the market highly competitive. The market players are engaged in developing new grades, increasing their production, and expanding their reach to cater to the growing demand for the product. For instance, in March 2021, ArcelorMittal announced to invest a sum of EUR 13 million (~USD 15.9 million) in its Saint Chély d’Apcher plant in France, which manufactures iCARe electrical steel for the automotive sector.

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Electrical Steel Market Report Highlights

• The grain-oriented electrical steel segment is anticipated to register a CAGR of 5.5%, in terms of revenue, over the forecast period. The growth can be attributed to the increasing production of transformers
• The motor segment is anticipated to register a CAGR of 5.2%, in terms of revenue, over the forecast period. The increasing production of electric vehicles has accelerated the manufacturing of electric motors, which in turn is expected to augment the demand for electrical steel over the coming years
• Europe is anticipated to register a CAGR of 5.5%, in terms of revenue, over the forecast period. Increasing sales of electric vehicles in the region has attracted foreign companies to set up factories in Europe, which, in turn, is expected to boost the consumption of electrical steel in the region
• Asia Pacific accounted for a revenue share of over 71.0% in 2020 of the global market. Focus on rural electrification in developing economies of the region is expected to augment the need for transformers and eventually consumption of electrical steel in coming years

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Electrical Steel Market Segmentation

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

Electrical Steel Product Outlook (Volume, Kilotons, Revenue, USD Million, 2017 - 2028)

• Grain oriented electrical steel
• Non-grain oriented electrical steel

Electrical Steel Application Outlook (Volume, Kilotons, Revenue, USD Million, 2017 - 2028)

• Transformer
• Motor
• Inductor
• Other

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

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

List of Key Players of Electrical Steel Market

• ArcelorMittal
• Cleveland-Cliffs Corporation
• JFE Steel Corporation
• Nippon Steel Corporation
• POSCO
• Tata Steel
• thyssenkrupp 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.

Medical Textiles Market to Witness a Pronounce Growth During 2021 – 2028: Grand View Research Inc.

 Medical Textiles Market Growth & Trends

The global medical textiles market size is expected to reach USD 26.21 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.5% from 2021 to 2028. The emergence of new areas of applications of medical textiles, along with the development of new fibers and manufacturing technologies for yarn and fabrics, is expected to bolster the market growth over the forecast period.

Medical textile manufacturers are significantly investing in the research and development of new cost-effective methods to protect both the patients and hospital staff from viruses, bacteria, and body fluid invasions in operating room environments. This, in turn, is expected to positively influence the market growth over the forecast period.

The COVID-19 outbreak in 2020 has exponentially increased the demand for medical textiles, especially nonwoven fabrics, which are used for the production of face masks, gowns, and other PPE products. Moreover, nonwoven fabrics witness higher growth owing to their vapor transmission capacity, higher bacterial resistance, and higher strength compared to other fabrics.

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Medical Textiles Market Report Highlights

• Based on product, the non-woven segment accounted for the largest revenue share of over 65.0% in 2020. The segment is also expected to witness the fastest growth over the forecast period due to the low production cost and enhanced penetration in the healthcare and hygiene products
• By application, the healthcare and hygiene products segment dominated the market in 2020 with a revenue share of over 45.0% owing to a strong rise in the demand for personal protective equipment, such as face masks, surgical gowns, and protective suits, amid the COVID-19 outbreak
• The non-implantable goods application segment is expected to expand at a revenue-based CAGR of 4.4% from 2021 to 2028 owing to the growing emphasis by governments and health organizations across several countries on the adoption of first-aid facilities at various institutions
• Asia Pacific dominated the market in terms of revenue in 2020 owing to the exponential demand for raw materials from the personal protective equipment industry amid the COVID-19 pandemic
• Industry participants are expanding their production capacities, especially for non-woven medical textiles, to cater to a sudden spike in raw materials demand for personal protective equipment manufacturing amid the COVID-19 pandemic

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

Medical Textiles Market Segmentation

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

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

• Woven
• Knitted
• Non-woven
• Others

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

• Implantable Goods
• Non-implantable Goods
• Healthcare & Hygiene Products
• Other Applications

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

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

List of Key Players of Medical Textiles Market

• Atex Technologies, Inc.
• Life-Threads
• Careismatic Brands
• Bally Ribbon Mills
• Freudenberg & Co. KG
• Trelleborg AB
• Indorama Corporation
• Herculite
• PurThread Technologies, Inc.
• Fitesa
• Schouw & Co.
• 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.

Curcumin Market to Grow at CAGR of 16.1% through 2028: Grand View Research Inc.

 

Curcumin Market Growth & Trends

The global curcumin market size is expected to reach USD 191.89 million by 2028, expanding at a CAGR of 16.1%, according to a new report by Grand View Research, Inc. Product demand is anticipated to be propelled by its increasing application in numerous industries including food, cosmetics, and pharmaceutical. It possesses valuable anti-oxidation and anti-inflammatory properties, emerging as a go-to pain relief choice for patients suffering from arthritis and osteoarthritis.

Rising awareness among consumers, particularly in developed countries including U.S., Germany, and Denmark, is likely to further fuel the demand for curcumin over the next eight years. It is an active component of turmeric, which is extracted from the Curcuma longa plant. The trend of increasing demand for ayurvedic medicinal formulations in numerous countries is observed, and this trend is projected to significantly benefit the curcumin market over the forecast period.

Curcumin or turmeric is widely used in cosmetic products. In India, turmeric is a key ingredient in several Ayurveda medicines. It is used to treat acne and eczema, prevent and heal dry skin, and slow down the aging process. Natural cleansers, including milk, when blended with turmeric, serve as useful natural cosmetics. These cosmetics are used to achieve glowing skin, and control and reduce the formation of wrinkles and lines.

Curcumin finds applications in food, cosmetics, pharmaceutical, including dye-sensitized PV technology, and textiles. In 2019, pharmaceutical was the largest application segment in terms of both volume and revenue, accounting for over half of the share, owing to the rising requirement for curcumin-based OTC supplements. Product demand from the food industry has also increased in terms of volume owing to the growing demand for natural flavoring and coloring substances.

Key industry participants include SV Agrofood, Wacker Chemie AG, Arjuna Natural Extracts Ltd., and Synthite Industries Ltd. In March 2016, Arjuna Natural Extracts Ltd. invested around USD 1.5 million in the research and development of proactive curcumin. Turmeric is also used for dyeing numerous fabrics including cotton, silk, and wool for a yellowish shade, which is likely to create market opportunities.

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Curcumin Market Report Highlights

• In Europe, the application of curcumin in the pharmaceuticals sector accounted for a share of 57.2% in terms of revenue in 2019 owing to increasing focus on the marketing of capsules/tablets that offer aid to the immune system, joint, and digestive health
• In Europe, the market is anticipated to witness the fastest CAGR from 2020 to 2027 and is projected to reach USD 41.8 million in 2027 owing to its wide range of applications in the pharmaceutical industry
• In Asia Pacific, the curcumin market is anticipated to witness the second-fastest growth rate from 2020 to 2027. The region is estimated to have more demand owing to the high consumption of turmeric in food products
• North America was the largest regional market in 2019, with a value of USD 73.8 million. Growing demand for processed food products and curcumin-based health supplements is expected to drive demand in this region
• Health issues due to the incorporation of synthetic ingredients in medicines, food, and cosmetics are the major reasons for influencing manufacturers to adopt natural ingredients in product formulation, which is likely to drive the market

Access Press Release@ https://www.grandviewresearch.com/press-release/curcumin-market

Curcumin Market Segmentation

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

Curcumin Application Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

• Pharmaceutical
• Food
• Cosmetics
• Others

Curcumin Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2017 - 2028)

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

List of Key Players of Curcumin Market

• WackerChemie AG
• BioMaxLifesciences Ltd.
• Synthite Industries Ltd.
• Hindustan Mint & Agro Products Pvt. Ltd.
• Arjuna Natural Extracts Ltd.
• SV Agrofood
• Star Hi Herbs Pvt. Ltd.
• Herboveda India Pvt. Ltd.
• Helmigs Prima Sehejtera P.T.
• Tri Rahardja PT/Javaplant
• Konark Herbals & Healthcare
• Rosun Natural Products 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.

For More Information: www.grandviewresearch.com

Packaging Machinery Market is Likely To Touch USD 59.24 Billion by 2028: Grand View Research Inc.

 Packaging Machinery Market Growth & Trends

The global packaging machinery market size is expected to reach USD 59.24 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.1% from 2021 to 2028. The rising demand for packaged food and beverages, coupled with the growing pharmaceutical and personal care industries, is expected to drive the demand for packaging machinery over the forecast period.

The growing popularity of single-serve bag sizes and smaller portions has increased the demand for high-speed and efficient packaging machines. Moreover, with the consumer-driven demand for a wide range of products in different packaging sizes and shapes, there is an increasing demand for flexible packaging machines that can adapt to different products and pack styles.

Consumers and retailers are increasingly demanding sustainable packaging styles resulting in the machine manufacturers requiring to work closely with material suppliers to test new materials and make necessary modifications to the machine. Moreover, with the rapid developments in retail packaging formats, the demand for faster and more flexible machines has increased.

The market is expected to witness growth in the years to come on account of the rising demand for personal care and medical products, such as hand sanitizers, soaps, face masks, and gloves, despite the supply chain disruptions caused due to the COVID-19 pandemic. In addition, lockdowns and movement restrictions have further increased the demand for packaged food.

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

Packaging Machinery Market Report Highlights

• By machine type, the form-fill-seal segment is anticipated to expand at the fastest CAGR of 5.2% over the forecast period on account of the increasing popularity of flexible packaging, coupled with the rising demand for single-serve and small portion packs
• The food end-use segment accounted for the largest share of over 35.0% in 2020 owing to the increasing demand for packaged food products attributed to the changing lifestyles, increasing disposable income, and the growing middle-class population
• The North American market is likely to expand at a CAGR of 3.2% from 2021 to 2028 due to the increasing demand for highly automated and integrated machines, coupled with the favorable packaging and labeling regulations in the region
• The market in China is anticipated to expand at a CAGR of 5.3% over the forecast period owing to the growing focus on improving productivity, coupled with the favorable government policies focusing on technology and machinery upgrades
• In June 2020, Hugo Beck Maschinen bau GmbH & Co. KG. launched two machines, namely PB 800 E-Com and flexo 700 E-Com, which are explicitly designed to cater to the demand for e-commerce packaging

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

Packaging Machinery Market Segmentation

Grand View Research has segmented the global packaging machinery market on the basis of machine type, end-use, and region:

Packaging Machinery Machine Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Filling
• Labeling
• Form-Fill-Seal
• Cartoning
• Wrapping
• Palletizing
• Bottling Line
• Others

Packaging Machinery End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Beverages
• Food
• Chemicals
• Personal Care
• Pharmaceuticals
• Others

Packaging Machinery Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of Packaging Machinery Market

• KHS Group
• SIG Combibloc Group Ltd.
• Tetra Laval International S.A.
• Krones AG
• M.A. Industria Macchine Automatiche S.p.A.
• Syntegon Technology GmbH
• ProMach
• GEA Group Aktiengesellschaft
• Sacmi
• Bradman Lake Ltd.
• ROVEMA GmbH
• Douglas Machine Inc.
• Coesia S.p.A
• Maillis Group
• Duravant

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.