Coal Power Generation Market Is Expected To Accomplish A Valuation Of Around 2,228.32 GW By 2028: Grand View Research Inc.

 Coal Power Generation Market Growth & Trends

The global coal power generation market demand to reach 2,228.32 GW by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 1.6% from 2020 to 2028. Strong energy demand is expected to drive the coal industry to generate electricity. Coal is a key material for electricity generation owing to its abundant availability and low cost. The COVID-19 pandemic has resulted in stagnated growth of industrial activities around the globe owing to lockdown measures imposed in most countries, which has reduced the demand for new coal-based plants for power generation in industrial sectors.

Its demand from prospective industrial customers is expected to be on the lower side on account of funds that were previously allotted for industrial development but were diverted to combat the COVID-19 crisis. Pulverized coal firing is traditionally the most widely used technology over cyclone furnaces or others due to higher thermal efficiency and lesser emissions. The factors, such as high emission rate, are expected to cater to the growth of Cleaner Circulating Fluidized Bed (CFB) systems with 1.0% CAGR over the forecasted period in comparison with the traditional technologies.

Uniper SE plans to end the commercial production of electricity of its Heyden 4 hard coal power plant in Germany by January 2021 and close the plant completely by July 2021. In October 2019, NTPC announced that it installed two 660 MW units at the Tanda and Khargone super thermal power generation stations. The availability of raw material is a key factor that affects any production process, controls its setup, and helps drive market growth. In the case of coal-fired power generation, coal is utilized as an energy source and is a major raw material used for power production.

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Coal Power Generation Market Report Highlights

• In terms of volume, the pulverized coal systems segment accounted for the maximum volume share in 2020 and is further expected to witness prominent growth over the forecast period
• The residential application segment dominated the market and accounted for more than 56% of the volume share in 2020
• In 2020, Asia Pacific accounted for the largest volume share of more than 74.5% and will retain the leading position throughout the forecast period
• The presence of well-established players in India, Japan, China, and South Korea is anticipated to provide further impetus to the APAC regional market growth
• On the other hand, Middle East & Africa is estimated to register the fastest CAGR over the forecast period

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Coal Power Generation Market Segmentation

Grand View Research has segmented the global coal power generation market based on technology, application, and region:

Coal Power Generation Technology Outlook (Volume, GW, 2016 - 2028)

• Pulverized
• Cyclone Furnaces
• Others

Coal Power Generation Application Outlook (Volume, GW, 2016 - 2028)

• Residential
• Commercial & Industrial

Coal Power Generation Regional Outlook (Volume, GW, 2016 - 2028)

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

List of Key Players of Coal Power Generation Market

• Uniper SE
• China Shenhua
• China Huadian Corporation Ltd. (CHD)
• Dominion Energy
• NTPC Ltd.
• KEPCO Engineering & Construction Company, Inc.
• Steag GmbH
• Duke Energy 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.

Pouches Market Set to Surge Significantly During 2021-2028: Grand View Research Inc.

 Pouches Market Growth & Trends

The global pouches market size is expected to reach USD 55.88 billion by 2028, expanding at a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Rising demand for low-cost, convenient, shelf appealing, and lightweight packaging by end-use industries, including food and beverages, healthcare, personal care and cosmetics, and home care, is likely to fuel market growth.

Pouches demand lesser material, energy, and water during their manufacturing and thus prove to be significantly less expensive than rigid packaging solutions. In addition, lightweight and flexibility attribute for their lower transportation cost, due to which Consumer Products (CPG) companies are increasingly opting for pouches over rigid tubes, containers, and boxes.

Flat pouches occupy lesser space in retail outlets and can be easily stacked upon each other; thus, more products can be displayed as compared to other packaging types. Furthermore, standup pouches on retail shelves prove to be more appealing to the consumers, and the packaging format also has a higher surface area on which high-quality graphics are printed, owing to which the product type easily grabs customer attention in retail outlets as compared to bottles and boxes.

Various closures such as a zipper, spout, and tear notch are utilized in pouches, which provide convenience in pouch opening and closing. In addition, the product is usually made up of plastic composite films, paper, and aluminum laminates that provide a strong barrier against moisture, light, odor, and bacteria due to which food and beverages are increasingly offered in the packaging.

The increasing demand for packaged food and beverage products and growing on the go food consumption trend owing to the changing lifestyle is expected to augment growth to the market in the forecast period.

In addition, due to features including portability and lower product weight, pouches are the preferred packaging format for baby food products. The increasing working women population across the world is principally driving the demand for packaged baby food, which in turn is expected to benefit the market over the forecast period.

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Pouches Market Report Highlights

• The food and beverage end-use segment accounted for a share of 55.3% in terms of revenue in 2019, owing to its wide scale incorporation of the product for the packaging of dairy, snacks, sauces, confectionery, beverages, and other food products
• The aseptic treatment type segment is anticipated to witness a CAGR of 6.4% from 2020 to 2027 and is projected to reach USD 10.6 billion in 2027. Aseptic treatment type ensures that the product is free from bacteria and eliminates the need for refrigeration and thus proves to be cost-efficient
• The stand-up type segment is expected to witness the highest CAGR of 6.3% from 2020 to 2027. Growing adoption of stand-up product type due to their marketing advantages and convenience of use are attributing to the growth of the segment
• In Asia Pacific, the market is estimated to witness a CAGR of 6.5% from 2020 to 2027 on account of rapid growing packaged food industry and rising penetration of organized retail
• The market is highly fragmented with the presence of a large number of domestic as well as global players. key players are adopting merger and acquisition strategies to expand their manufacturing capabilities and geographical footprints.

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Pouches Market Segmentation

Grand View Research has segmented the global pouches market on the basis of material, treatment type, product, end-use, closure type, and region:

Pouches Material Outlook (Revenue, USD Million, 2017 - 2028)

• Plastic
• Metal
• Paper
• Bioplastics

Pouches Treatment Type Outlook (Revenue, USD Million, 2017 - 2028)

• Standard
• Aseptic
• Retort
• Hot-fill

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

• Flat
• Stand-up

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

• Food & Beverages
• Healthcare
• Personal Care & Cosmetics
• Homecare
• Others

Pouches Closure Type Outlook (Revenue, USD Million, 2017 - 2028)

• Tear Notch
• Zipper
• Spout

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

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

List of Key Players of Pouches Market

• Amcor plc
• Mondi
• Sealed Air
• CONSTANTIA
• Coveris
• Goglio SpA
• ProAmpac
• GUALAPACK S.P.A
• Huhtamaki Group
• Smurfit Kappa

About Grand View Research

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

Attractive Market Opportunities in the Military Personal Protective Equipment Market by 2028: Grand View Research Inc.

 Military Personal Protective EquipmentMarket Growth & Trends

The global military personal protective equipment market size is anticipated to reach USD 23.55 billion by 2028, registering a CAGR of 7.8% over the forecast period, according to a new report by Grand View Research, Inc. Focus of military agencies on increasing the safety & security of their soldiers and rapid technological advancement is expected to drive the demand for military PPE. Countries spending heavily on the military include the U.S., India, China, Russia, and the U.K., which together accounted for around 62% of the global military expenditure.

Thus, improved spending on military upgradation by various governments coupled with the increasing number of recruits in the armed forces is expected to boost the product demand over the forecast period. Military PPE has evolved into a critical component of soldier safety, as it is used to protect soldiers from severe injuries caused by contact with physical, chemical, radiological, electrical, mechanical, or bio-hazardous materials.

Rising concerns pertaining to the safety of soldiers are expected to have a positive impact on the market growth. The expansion of battlefield hazards, such as the use of shrapnel in explosive devices or batons used in hand fighting, has resulted in a new wave of forward-thinking body armor and tactical ballistic vest protection that offer extra safety to soldiers. This, in turn, is anticipated to augment the demand for advanced military PPE.

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Military Personal Protective Equipment Market Report Highlights

• The body armor segment accounted for the highest revenue share of more than 19.5% of the global market in 2020
• This was credited to the increased military operations in several countries and demand for ballistic protection suits coupled with the high adoption of body armor
• The equipment demand in the army is estimated to witness growth at the fastest CAGR of 7.9% from 2019 to 2028 due to the growing geopolitical tensions in various border states across the globe
• North America accounted for the maximum revenue share of 36% in 2020 owing to the high military spending by the U.S and increasing fleet size to counter the influence of China and Russia
• Asia Pacific is estimated to witness the fastest CAGR, in terms of revenue, over the forecast period owing to the increasing instances of warfare, border disputes, and the threat of cross border terrorist activities in India, Pakistan, and Afghanistan
• The majority of manufacturers are committed to providing protective equipment using the most creative and cutting-edge technologies to assure maximum comfort, durability, and protection for military troops

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Military Personal Protective Equipment Market Segmentation

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

Military PPE Product Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Body Armor
• Tactical Vest
• Eye Protection
• Combat Helmet
• Life Safety Jacket
• Pelvic Protection
• Respiratory Protection
• Others

Military PPE End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Army
• Navy
• Air Force

Military PPE Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

List of Key Players of Military Personal Protective Equipment Market

• 3M
• Honeywell International
• ArmorWorks
• Eagle Industries
• BAE Systems
• DuPont
• DSM
• Armorsource
• MSA Safety
• Revision Military
• Gentex Corp.
• Ansell
• MKU Ltd.
• Avon Protection Systems, Inc.
• Ballistic Body Armor Pty

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.

MEA Aluminum Extrusion Market Strong Application and Emerging Trends also Scope by 2028: Grand View Research Inc.

 MEA Aluminum Extrusion Market Growth & Trends

The MEA aluminum extrusion market size is expected to reach USD 2.23 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. The demand for aluminum extrusion products in UAE and Saudi Arabia is expected to drive market growth over the long term.

The building & construction sector dominated the overall market with a volume share of 73.8% in 2020. In terms of volume, the UAE aluminum industry is estimated to grow at a CAGR of 1.9% over the forecast period. The UAE is a lucrative construction market, which offers attractive propositions for global investors. In addition, the emergence of the country as one of the financial hubs of the world further prompted the growth of the construction sector in the country. The market in the country is dominated by Dubai and Abu Dhabi.

In terms of volume, the electrical & energy segment depicts high growth and penetration in 2020. The growth is attributable to the upcoming renewable energy projects, which are being constructed to reduce carbon dioxide emissions in the region. The construction of solar and wind energy farms is anticipated to accelerate the demand for aluminum extrusion in the MEA region over the forecast period.

Qatar is a developing country in the region with potential growth for the market. The manufacturers in the country are increasing their customer base by adopting strategic initiatives, such as mergers & acquisitions. For example, in November 2020, Qatar Aluminum Extrusion acquired Abdul Noor Aluminum Extrusion factory. The acquisition increased Qatar Aluminum Extrusions’ production capacity to 30 kilotons per annum.

The implementation of large-scale infrastructure projects associated with the 2022 FIFA World Cup played a significant role in driving the demand for aluminum extruded products in Qatar. However, the FIFA-related investments have slowed down since 2018 following a rapid boom from 2011 until 2018. The slowdown is majorly caused by the emergence of coronavirus and slugging economic growth since the latter half of FY 2019.

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MEA Aluminum Extrusion Market Report Highlights

• The building & construction application was the largest segment, in terms of volume as well as revenue. The focus of various governments in MEA to improve their country’s infrastructure is projected to assist the segment growth
• In terms of revenue, the automotive & transportation is expected to grow at the second-fastest CAGR of 4.3% from 2021 to 2028 due to increasing focus on the development of lightweight vehicles and rising aluminum content in vehicles
• The rods & bars segment is expected to register the second-fastest CAGR over the forecast period. The demand in electrical transmission lines and upcoming energy projects are projected to boost the segment growth
• The UAE was the largest regional market, in terms of volume as well as revenue, and is expected to continue its dominance over the forecast period due to rapid expansion of the building & construction and automotive industries in the country
• The market is fragmented due to the presence of several small- and medium-sized companies. Rising focus on R&D along with eco-friendly manufacturing plants is expected to provide a competitive edge to some of the companies

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MEA Aluminum Extrusion Market Segmentation

Grand View Research has segmented the MEA aluminum extrusion market on the basis of product, application, and region:

MEA Aluminum Extrusion Product Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Shapes
• Rods & Bars
• Pipes & Tubes

MEA Aluminum Extrusion Application Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Electrical & Energy
• Others

MEA Aluminum Extrusion Regional Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Saudi Arabia
• UAE
• Oman
• Qatar
• Bahrain
• Kuwait

List of Key Players of MEA Aluminum Extrusion Market

• Alupco
• Gulf Extrusions Co. LLC
• Taweelah Aluminium Extrusion Co. (TALEX) LLC
• National Aluminium Products Company SAOG (NAPCO)
• Balexco Bahrain Aluminium Extrusion Company
• Elite Extrusion LLC

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.

Ferroalloys Market To Hold a High Potential for Growth by 2028: Grand View Research Inc.

 Ferroalloys Market Growth & Trends

The global ferroalloys market size is expected to reach USD 73.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.1% from 2021 to 2028. Products such as ferrochrome are projected to attract significant demand on the account of rising stainless steel usage in the building and construction sector.

Stainless steel facilitates strength and support to the building structure owing to its high durability. Adequate support structures such as lintels, wind posts, wall starters, and masonry are manufactured from stainless steel during the construction of a building. Primary stainless steel products used in the building and construction industry are plates, sheets and strips, and wires. In addition to its structural application, stainless steel imparts an aesthetic feel to the building to create a pleasing visual appearance.

The U.S. construction industry is projected to ascend at a CAGR of 5.0% by 2030. A significant upgrade in infrastructure is anticipated to emerge as a key factor contributing to the growth of the U.S construction output. European countries are also registering progress in the construction industry. The U.K. is anticipated to emerge as the largest construction market in Europe and is expected to overtake Germany by 2030. Several mega projects undertaken by the U.K. government are anticipated to fuel the construction industry in the country.

A decline in ferroalloy production in some regions such as North America is projected to create a critical impact on the expansion of the market. Factors such as higher environmental and labor costs, the shift of production plants in other countries, low-priced imports, and power supply costs have hampered North American ferroalloy production in the recent past.

Investments in ferroalloy production plants are projected to benefit market growth. For instance, in September 2020, Indian company MOIL announced an investment of USD 57.0 million for the construction of a ferroalloy production plant at its sites. The project is likely to construct in Balaghat, Madhya Pradesh, India with an estimated output of 50,000 metric Kilotons per year.

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Ferroalloys Market Report Highlights

• In terms of both volume and revenue, Asia Pacific is anticipated to remain the fastest-growing market over the forecast period. The market is anticipated to grow on the account of huge steel production in countries such as China, India, Japan, and South Korea
• China Baowu Group, Nippon Steel Corporation, HBIS Group, POSCO, and Shagang Group were the leading steel producers in 2019 and reported production of 95.47, 51.68, 46.56, 43.12, and 41.10 respectively
• The ferrochrome segment is projected to witness a CAGR of 7.0% from 2021 to 2028, in terms of revenue. Rising demand for stainless steel in industries such as automotive, building and construction, aerospace, and types of machinery is anticipated to boost the growth of the segment
• The carbon and low alloy steel segment dominated the application segment and accounted for a revenue share of over 45.0% in 2020. The growth of this segment is characterized by its demand in structural engineering plates, pipes, railway lines, and aerospace bodies

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Ferroalloys Market Segmentation

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

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

• Ferrochrome
• Ferromanganese
• Ferro Silico Manganese
• Ferrosilicon

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

• Carbon & Low Alloy steel
• Stainless Steel
• Alloy Steel
• Cast Iron
• Others

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

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

List of Key Players of Ferroalloys Market

• Jindal Group
• Glencore
• Samancore Chrome
• Shanghai Shenjia Ferroalloys Co. Ltd
• Ferro Alloys Corporation Limited.
• C. Feral S.R.L
• China Minmetals
• Tata Steel Limited
• Arcelor Mittal
• 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.

Energy Retrofit Systems Market Overview, Analysis And Forecast To 2028: Grand View Research Inc.

 Energy Retrofit Systems Market Growth & Trends

The global energy retrofit systems market size is expected to reach USD 203.12 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 4.5% from 2020 to 2028. Increasing demand for renewable energy is expected to drive the market over the forecast period. The growing concerns about Greenhouse Gas (GHG) emissions and strict regulations to decrease carbon footprint are also projected to be the key factors driving the global market.

The economic crisis following the COVID-19 pandemic has led to a significant decline in investments for new energy-efficient buildings and equipment. In commercial and residential buildings, the energy-efficient systems, such as LED retrofit lighting, HVAC retrofit, insulation & glazing retrofit of windows, and retrofit of roofing, are primarily used to have a distributed generation of electricity to reduce the operational costs.

The COVID-19-imposed lockdown, which compelled most industries around the world to halt their production, resulted in reduced investments in overall energy efficiency systems by 9% in 2020. During the pandemic, people across major economies reduced visits to workplaces by over 60% as of April 2020, which led to a decrease in the consumption of electricity in commercial buildings. For instance, as per IEA, in the U.S., the average residential electricity consumption increased by 30% in April 2020, followed by a decline in the use of electricity in commercial buildings.

The growing installation of energy systems, along with the widespread accessibility of smart devices, has formed room for new business models to arise in the electricity sector due to a rise in demand for energy across the world. The energy-related needs of consumers in the residential, commercial, and industrial sectors are increasing day by day. In the case of residential consumers, the availability of smart home devices has enabled continuous monitoring of power consumption. These factors are anticipated to drive the market during the forecast period.

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Energy Retrofit Systems Market Report Highlights

• The envelope product segment accounted for the maximum revenue share of more than 51% of the global market in 2020 and will expand further at a steady CAGR over the forecast period
• The non-residential application segment dominated the global market in 2020 accounting for the maximum revenue share
• Europe was the dominant regional market in 2020, in terms of revenue share due to the increased population and high demand for efficient &clean energy
• Moreover, the European region has been very active in using R&D for clean and efficient energy generation
• The availability of funding in the European Union for energy conservation and energy efficiency projects has also been one of the major factors driving the regional market growth
• Various strategic initiatives by key companies were recorded over the past few years. For instance, in May 2021, Johnson Controls announced that it selected an environmentally sustainable R-454B as the future refrigerant for HVAC equipment and air-cooled scroll chillers

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Energy Retrofit Systems Market Segmentation

Grand View Research has segmented the global energy retrofit systems market based on product, application, and region:

Energy Retrofit Systems Product Outlook (Revenue, USD Billion, 2017 - 2028)

• Envelope
• LED Retrofit Lighting
• HVAC Retrofit
• Appliances

Energy Retrofit Systems Application Outlook (Revenue, USD Billion, 2017 - 2028)

• Residential
• Non-Residential

Energy Retrofit Systems Regional Outlook (Revenue, USD Billion, 2017 - 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
  • Colombia
  • Paraguay
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Egypt

List of Key Players of Energy Retrofit Systems Market

• Daikin Industries Ltd.
• Ameresco
• Eaton
• AECOM
• Johnson Controls
• Orion Energy Systems, Inc.
• Siemens
• Trane

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.

Glycerol Market Trends, Company Share, Industry Growth And Future Scope: Grand View Research Inc.

 Glycerol Market Growth & Trends

The global glycerol market size is estimated to reach USD 3.7 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2021 to 2027. Improved standard of living coupled with growing consumer demand for high quality and innovative personal care products is expected to drive the market over the forecast period. Glycerol is a thick, clear, and odorless polyol that belongs to the alcohol family of organic compounds. It is produced by the hydrolysis of fats and natural oils present in plants and animals.

The raw materials used in the production of the product are primarily vegetable oils, animal fats, sugar alcohol, and fatty acids, among others. Local manufacturers in the developed economies of Europe and North America mainly source these raw material ingredients due to the lack of availability in their regions. As glycerol is obtained from biodiesel, it is renewable in nature and a clean-burning fuel, which is widely used for industrial purposes.

The market is highly concentrated with the presence of big players like BASF SE, P&G Chemicals, Cargill Incorporated, DOW, and Wilmar International Inc. They are among the top producers of various grades of glycerol and cater to the growing demand from an array of end-use markets such as cosmetics, pharmaceuticals, feed, and food and beverage.

Asia Pacific dominated the market in 2020 and is predicted to witness the highest CAGR over the forecast period. Factors such as changing lifestyle patterns, growing consumption of convenience foods, and the rising number of working women in the region are anticipated to boost the food and beverage market in the predicted years. This, in turn, is anticipated to drive the demand for glycerol in the region.

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Glycerol Market Report Highlights

• In 2020, biodieselemerged as the dominant source segment by contributing a revenue share of 59.6%. Biodiesel is one of the most preferred sources of glycerol due to its low cost. It is a preferred alternative for conventional diesel on account of the scarcity of fossil fuels, increased pollutant emissions, and increasing costs
• Refined glycerol was the largest type segment in 2020 and is projected to witness a CAGR of 6.6% over the forecast period. Refined glycerol offers emulsifying and moisturizing functionalities; these properties make it an effective additive in various personal care and home care formulations
• The personal care and cosmetics segment is the dominant application segment in terms of both revenue and volume, owing to the increase in demand for personal care and pharmaceutical products as a result of improving lifestyle coupled with increased health awareness among the population
• The food and beverage segment is projected to be the second-largest end-use segment over the forecast period. Glycerol acts as a humectant, solvent, sweetener, and also helps preserve foods
• As of 2020, Asia Pacific was the largest region accounting for 36.1% of the revenue share. Europe was the second-largest region and accounted for 29.13% of the revenue share in 2020

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Glycerol Market Segmentation

Grand View Research has segmented the global glycerol market on the basis of source, type, end-use, and region:

Glycerol Source Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Biodiesel
• Fatty Alcohols
• Fatty Acids
• Soap

Glycerol Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Crude
• Refined

Glycerol End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Food & Beverage
• Pharmaceutical
• Nutraceutical
• Personal Care & Cosmetics
• Industrial
• Others

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

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

List of Key Players of Glycerol Market

• Cargill Incorporated
• BASF SE
• Procter & Gamble Chemicals
• Oleon NV
• KLK OLEO
• Dow Chemical Company
• ADM
• Wilmar International Ltd
• Pacific Oleochemicals Sdn Bhd
• Kao Corporation
• Emery Oleochemicals
• United Coconut Chemicals, Inc.
• Godrej Industries Limited
• Monarch Chemicals Limited
• Aemetis Inc.
• CREMER OLEO GmbH & Co. KG
• Sakamoto Yakuhin Kogyo Co., Ltd.
• Fine Chemicals & Scientific 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.

Global Market for Unidirectional Tapes to Reflect Steadfast Expansion During 2021-2028: Grand View Research Inc.

 Unidirectional Tapes Market Growth & Trends

The global unidirectional tapes market size is expected to reach USD 502.9 million by 2028, registering a CAGR of 15.9% over the forecast period, according to a new report by Grand View Research, Inc. The growing emphasis by aerospace companies on the production of lightweight aircraft is expected to drive the demand for unidirectional (UD) tapes over the forecast period. The development of advanced products for sealing, coupled with the rising investments in R&D for the production of advanced high-strength adhesive tapes, is projected to drive the product demand over the forecast period.

In addition, the development of eco-friendly solvent recovery technology used for the coating of adhesives is expected to drive the product demand in the coming years. Aerospace & defense was the largest end-use segment in 2020 and is likely to maintain its dominance over the forecast period. Thermoplastic and thermosets UD tapes are used in primary and secondary aircraft structures and high-load aircraft interior applications including fuselage, wings, cargo liners, bulkheads/class dividers, and lavatory modules.

The market is moderately competitive owing to the presence of a limited set of players majorly concentrated in the U.K. and Germany. The market is also highly influenced by various other players from the countries, such as the U.S., Saudi Arabia, Japan, and the Netherlands. Major players in the industry focus on research & development activities to introduce ultra-lightweight components for bonding operations the in automotive and aerospace sectors

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Unidirectional Tapes Market Report Highlights

• North America accounted for the largest revenue share of over 39% of the global UD tapes market in 2020
• Prominent automobile manufacturers in the region are engaged in the production of lightweight vehicles, which is boosting the product demand
• The thermoplastic resin type segment led the global market in 2020 with a revenue share of 74.7%
• It is expected to expand further at the fastest CAGR from 2021 to 2028 on account of the superior characteristics of these resins that enhance the performance of tapes
• The carbon fibersegment is expected to ascend at the second-fastest CAGR of more than 16% from 2021 to 2028
• This growth is credited to their wide application scope in automotive and aerospace parts manufacturing operations
• In the U.S., the demand for glass fiber products accounted for a significant volume share in 2020, this was supported by the increased utilization of tapes in manufacturing industries
• The market is moderately competitive with a limited number of multinational companies

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

Unidirectional Tapes Market Segmentation

Grand View Research has segmented the global unidirectional tapes market on the basis of resin type, fiber, end-use, and region:

Unidirectional Tapes Resin Type Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

• Thermoset
• Thermoplastic

Unidirectional Tapes Fiber Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

• Glass Fiber
• Carbon Fiber
• Other Fiber

Unidirectional Tapes End-use Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

• Aerospace & Defense
• Automotive
• Sports & Leisure
• Others

Unidirectional Tapes Regional Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Unidirectional (UD) Tapes Market

• Evonik Industries AG
• SABIC
• Solvay, S.A.
• Hexcel Corp.
• Toray Industries, Inc.
• SGL Group
• Teijin Ltd.
• BASF SE
• Celanese Corp.
• Victrex plc.
• Cristex Composite Materials
• Eurocarbon B.V.
• Plastic Reinforcement Fabrics Ltd.
• TCR Composites, Inc.
• Barrday, 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.

Metal 3D Printing Market to Incur High Value Growth at 22.9% CAGR from 2021 to 2028: Grand View Research Inc.

 

Metal 3D Printing Market Growth & Trends

The global metal 3D printing market is estimated to reach USD 15.28 billion by 2028, according to the new report by Grand View Research, Inc. The market is expected to register a CAGR of 22.9% from 2021 to 2028. Metal 3D printing is also referred to as Additive Manufacturing (AM) as it involves the successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes are built upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of metal and the unnecessary metal is ground out to obtain the desired object.

The metal 3D printing industry is estimated to exhibit significant growth throughout the forecast period owing to a combination of numerous factors such as growing demand for rapid prototyping, which allows the manufacturers to design and develop better products and systems. Additionally, the ease of manufacturing and added benefits offered by the 3D printing technology are the major factors behind the greater adoption of the technology across various industry verticals.

Metal 3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The automotive vertical happens to be the most significant adopter of the metal 3D printing technology and eventually leading to the largest market share of metal 3D printers for industrial applications over the forecast period. Additive manufacturing is anticipated to evolve over the forecast period.

The market is subject to witness a considerable economical appearance rather than being just a labor-intensive industrial manufacturing technique. Particularly in developing economies, such as Brazil, South Africa, and India, machining shops have managed to adopt alternative business models by installing 3D printers and offer related services, such as 3D printing materials, filaments, 3D modeling, and 3D printer software.

The metal 3D printing technology happens to be capital-intensive technology. At the same time, manufacturers are holding to their misconceptions about prototyping rather than realizing the advantages associated with metal 3D printing. Moreover, the market lacks the standard process controls and a skilled workforce required for metal 3D printing. These are some of the factors that are expected to restrain market growth. However, government initiatives aimed at increasing awareness and promoting the benefits of adopting metal 3D printers are expected to help in countering the market restraints.

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Metal 3D Printing Market Report Highlights

• North America accounted for the largest market share in 2019 owing to the early adoption of the technologies
• The U.S. being the highest revenue generating country in 2019 in the North America regional market, the region is predicted to exhibit steady growth over the forecast period
• Increasing adoption of metal 3D printers in the healthcare, automotive, and consumer electronics verticals is likely to drive the market growth significantly
• The Asia Pacific regional market, which is emerging as a manufacturing hub for several industry verticals, is forecast to grow significantly in future as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace and defense, and healthcare verticals to adopt metal 3D printing, particularly in countries, including China, Japan, and South Korea.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-metal-3d-printing-market

Metal 3D Printing Market Segmentation

Grand View Research has segmented the global metal 3D printing market on the basis of component, technology, software, application, vertical, and region:

Metal 3D Printing Component Outlook (Revenue, USD Million, 2017 - 2028)

• Hardware
• Software
• Services

Metal 3D Printing Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Selective Laser Sintering
• Direct Metal Laser Sintering
• Inkjet Printing
• Electron Beam Melting
• Laser Metal Deposition
• Laminated Object Manufacturing
• Electron Beam Freeform Fabrication
• Selective Laser Melting

Metal 3D Printing Software Outlook (Revenue, USD Million, 2017 - 2028)

• Design Software
• Inspection Software
• Printer Software
• Scanning Software

Metal 3D Printing Application Outlook (Revenue, USD Million, 2017 - 2028)

• Functional Parts
• Tooling
• Prototyping

Metal 3D Printing Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• Automotive
• Aerospace & Defense
• Healthcare
• Consumer Electronics
• Power & Energy
• Others

Metal 3D Printing Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Metal 3D Printing Market

• Materialise NV
• 3D Systems, Inc.
• GE Additive
• Autodesk Inc.
• Optomec, 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.

U.S. Air Purifier Market Will Target Emerging Markets By 2028

 U.S. Air Purifier Market Growth & Trends

The U.S. air purifier market size is anticipated to reach USD 4.19 billion by 2028, registering a CAGR of 8.6% over the forecast period, according to a new report by Grand View Research, Inc. The market is primarily driven by the increasing concerns about both outdoor and indoor air pollution coupled with the health problems associated with them. Poor indoor air quality can cause fatigue, headache, and irritation of the eyes, throat, lungs, and nose, which can have a negative impact on the productivity of workers. Some air contaminants can cause respiratory diseases, such as asthma. Product adoption is increasing rapidly in the U.S. to minimize such health issues caused by poor air quality.

The strict standards, guidelines, and regulations about air quality in the U.S. are expected to have a positive impact on the market. For instance, the New Jersey Indoor Air Quality standard, N.J.A.C. 12:100-13 (2007) sets guidelines and standards related to indoor air quality during working hours in public employee-occupied buildings. Key manufacturers are focusing on acquisitions and mergers to expand their geographical reach and strengthen their position in the market. For instance, in January 2021, Lasko Products LLC acquired Guardian Technologies to strengthen its position in the home environment business with the help of Guardian’s expertise in air purification.

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U.S. Air Purifier Market Report Highlights

• The adoption of activated carbon air purifiers in the U.S. is expected to witness the fastest CAGR of 9.1% from 2020 to 2028
• This growth is credited to the ability of activated carbonto absorb airborne particles, which make it very effective in trapping gases, fumes, and odors
• The product demand in commercial facilities accounted for over 54% of the overall market revenue in 2020
• This growth was attributed to the rising health concerns, deteriorating indoor air quality, and increased awareness among consumers related to air quality
• The product demand in residential spaces is anticipated to witness significant growth over the forecast period on account of its ability to remove allergens, airborne pathogens, and odor from the air as well as maintain indoor air quality
• New product launches, licensing agreements, and mergers & acquisitions are some of the key strategies adopted by the participants to gain a higher market share

Access Press Release@ https://www.grandviewresearch.com/press-release/us-air-purifier-market-analysis

U.S. Air Purifier Market Segmentation

Grand View Research has segmented the U.S. air purifier market on the basis of technology and application:

U.S. Air Purifier Technology Outlook (Revenue, USD Million, 2017 - 2028)

• HEPA (High-Efficiency Particulate Air)
• Activated Carbon
• Ionic Filters
• Others

U.S. Air Purifier Application Outlook (Revenue, USD Million, 2017 - 2028)

• Commercial
• Residential
• Industrial

List of Key Players of U.S. Air Purifier Market

• IQAir North America, Inc.
• Honeywell International, Inc.
• LG Electronics
• Unilever
• Aerus LLC
• Panasonic Corp.
• Hamilton Beach Brands, Inc.
• Whirlpool Corp.
• Daikin Industries, Ltd.
• Rabbit Air

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.