Arachidonic Acid Market Expected To Propel Industry Growth By 2030: Grand View Research Inc.

 Arachidonic Acid Market Growth & Trends

The global arachidonic acid market size is expected to reach USD 309.0 million by 2030, registering a CAGR of 4.3% over the forecast period, as per the new report by Grand View Research, Inc. The growth is majorly driven by the rising demand for applications including infant formula and supplements. The growing need for essential minerals in baby food is likely to create demand for ARA-based infant formula across the globe over the forecast period. The growing consumer awareness related to the benefits of ARA has led to the initiation of various marketing activities by different companies across regions. There is a rise in the cases of ARA deficiency, which has led to an increase in the intake of the same in different forms, such as injections, syrups, and tablets.

Growing awareness levels about the importance of preserving nutritive value are also anticipated to contribute to the industry's growth. North America, led by the U.S., Mexico, and Canada, accounted for the largest share of the global revenue. The presence of prominent producers, such as A&Z Food Additives Co. Ltd, Cargill, and Cayman Chemical Company, developed sports & infant nutrition industry, and high consumer disposable income levels are expected to drive the region’s growth. Product manufacturers are focusing on in-house production, which is intended to improve product quality, having a direct relationship with the brand value of a company. Acquisitions and joint ventures are an integral part of this industry and enable companies to strengthen their position and hold across the industry. Heavy investments by manufacturers in the development of low-cost production methods are anticipated to boost industry growth.

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Arachidonic Acid Market Report Highlights

• The solid form segment is estimated to register the fastest CAGRfrom 2022 to 2030 on the account of the growing popularity of these products as a result of the increasing spending power of consumers on infant care and sports activities
• The animal source is expected to be the fastest-growing segment over the forecast period owing to the easy availability of several animal-based options, such as eggs, meat, poultry, and seafood
• The infant formula application segment is projected to register the fastest CAGR from 2022 to 2030 owing to the increasing awareness regarding the benefits of ARA in baby nutrition
• Central & South America is projected to be the fastest-growing region from 2022 to 2030 due to the increasing consumer spending on infant health and sports nutrition products
• Technology upgrades coupled with innovative product development are projected to drive the industry over the forecast period. The introduction of technologies, such as particle size reduction and microencapsulation techniques, are expected to boost the industry growth in the coming years

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Arachidonic Acid Market Segmentation

Grand View Research has segmented the global arachidonic acid market based on form, source, application, and region:

Arachidonic Acid Form Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Solid
• Solvent

Arachidonic Acid Source Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Animal
• Plant

Arachidonic Acid Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Infant Formula
• Supplements

Arachidonic Acid Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Arachidonic Acid Market

• Suntory Beverage & Food Ltd.
• Cayman Chemical Company
• Cargill, Inc.
• BASF SE
• CABIO Biotech (Wuhan) Co., Ltd.
• Guangdong Runke Bioengineering Co. Ltd.
• Koninklijke DSM N.V.
• Avanti Polar Lipids, Inc.
• Bio-Techne Corporation
• Merck KgaA
• A&Z Food Additives Co. 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.

Asia Pacific, Middle East And Africa Emulsifiers Market Pegged For Strong Growth During 2022-2030: Grand View Research Inc.

 Asia Pacific, Middle East And Africa Emulsifiers Market

The Asia Pacific, Middle East And Africa emulsifiers market size is expected to reach USD 4.24 billion by 2030, as per the new report by Grand View Research, Inc., expanding at a CAGR of 6.7% from 2022 to 2030. The industry is majorly driven by the rapid growth of the food and beverage industries and increase in the population.

The market in Asia Pacific, Middle East And Africa is anticipated to be driven by the demand for emulsifiers in food and beverage products. Favorable regulatory policies promoting the use of bio-based products and high consumer awareness regarding the toxicity of synthetic products are expected to further complement the demand for emulsifiers in these regions over the forecast period.

The market is established with major applications in food products. Asia Pacific emerged as the leading region in 2021. However, regional jurisdiction and regulatory scenario in food and beverages processing are likely to be the challenges for regional growth.

Raw materials such as sorbitan esters and stearoyl lactylates are also used as emulsifiers. The lecithin (emulsifier) market is expected to witness substantial growth over the upcoming years owing to its lubricant and emulsification properties that are widely used in the food & beverage industry. Increasing demand for convenience foods, nutrients and supplements, and natural foods is expected to serve as a key driver for the market.

Emulsifiers are widely used in the baked food industry for improving taste, starch complexing, protein interaction, fat emulsification like in biscuits, viscosity and fat crystallization, modification of texture, improvement of aeration, and foaming properties in cakes.

A shortfall in product supply created a demand and supply gap, which affected the growth of the emulsifier market for a short span of time. However, the emulsifier market has moved toward stability and even gained profit since 2021, following relaxation in restrictions imposed by the governments of different nations. Manufacturers are recovering from the losses they incurred and are operating at full capacity. The aforementioned factors are projected to augment the industry growth over the forecast period. 

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Asia Pacific, Middle East And Africa Emulsifiers Market Report Highlights

• The market growth in APAC and the MEA can be attributed to the rise in the baked food and beverage industry and the growing population
• Asia Pacific captured a leading revenue share of over 80.0% in 2021. This is owing to the rising foreign investments in the food-processing sector, coupled with the availability of abundant raw material sources and a broad consumer base
• By product, mono and di-glycerides held the largest revenue share of over 25.0% in 2021. They are most commonly used in baked goods and are manufactured from lipids via catalytic transesterification of glycerol
• The food application segment was the largest application segment in 2021 with a revenue share of over 75.0%. This is attributed to high demand from the bakery industry
• Companies including Cargill, Kerry, Basf SE, Corbion, and Nexira are exclusively engaged in the production and marketing of food emulsifiers. These companies sell their products through direct supply agreements and third-party agreements 

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Asia Pacific, Middle East And Africa Emulsifiers Market Segmentation

Grand View Research has segmented the Asia Pacific, Middle East And Africa Emulsifiers market on the basis of product, product by application, application, and region:

Asia Pacific, Middle East And Africa Emulsifiers Product Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Mono & Di-Glycerides
  • 40%
  • 60%
  • 90%
• Mono & Di-Glycerides Derivatives (MDG)
  • Lactem (Lactic acid esters of MDG)
  • Citrem (Citric acid esters of MDG)
• Polyglycerol Esters (PGE)
• Polyglycerol Polyricinoleate (PGPR)
• Propylene Glycol Monostearate (PGMS)
• Stearoyl Lactylate
  • Sodium Stearoyl Lactylate (SSL)
  • Calcium Stearoyl-2-lactylate (CSL)
• Sorbitan Esters
  • Sorbitan Monostearate (SMS)
  • Sorbitan Tristearate (STS)
• Others

Asia Pacific, Middle East And Africa Emulsifiers Product by Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Mono & Di-Glycerides
  • Food
    • Bakery
    • Confectionery
    • Convenience Foods
    • Meat Products
    • Dairy Products
    • Others
  • Non- Food
    • Personal Care
    • Home Care
    • Others
  • Mono & Di-Glycerides Derivatives (MDG)
    • Food
      • Bakery
      • Confectionery
      • Convenience Foods
      • Meat Products
      • Dairy Products
      • Others
    • Non-food
      • Personal Care
      • Home Care
      • Others
    • Polyglycerol Esters(PGE)
      • Food
        • Bakery
        • Confectionery
        • Convenience Foods
        • Meat Products
        • Dairy Products
        • Others
      • Non-food
        • Plastics/Polymers
        • Personal Care
        • Home Care
        • Others
      • Polyglycerol Polyricinoleate (PGPR)
        • Food
          • Bakery
          • Confectionery
          • Convenience Foods
          • Meat Products
          • Dairy Products
          • Others
        • Non-food
          • Personal Care
          • Others
        • Propylene Glycol Monostearate (PGMS)
          • Food
            • Bakery
            • Confectionery
            • Convenience Foods
            • Meat Products
            • Dairy Products
            • Others
          • Non-food
            • Personal Care
            • Others
          • Stearoyl Lactylate
            • Food
              • Bakery
              • Confectionery
              • Convenience Foods
              • Meat Products
              • Dairy Products
              • Others
            • Non-food
              • Personal Care
              • Home Care
              • Others
            • Sorbitan Esters
              • Food
                • Bakery
                • Confectionery
                • Chocolate Confectionary
                • Convenience Foods
                • Meat Products
                • Dairy Products
                • Ice Cream
                • Others
              • Non-food
                • Personal Care
                • Home Care
                • Agrochemicals
                • Others
              • Others
                • Food
                  • Bakery
                  • Confectionery
                  • Convenience Foods
                  • Meat Products
                  • Dairy Products
                  • Others
                • Non-food
                  • Plastics/Polymers
                  • Personal Care
                  • Home Care
                  • Agrochemicals
                  • Others

Asia Pacific, Middle East And Africa Emulsifiers Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Food
  • Bakery
  • Confectionery
    • Chocolate Confectionary
  • Convenience Foods
  • Meat Products
  • Dairy Products
    • Ice Cream
  • Others
• Non-food
  • Plastics/Polymers
  • Personal Care
  • Home Care
  • Agrochemicals
  • Others

Asia Pacific, Middle East And Africa EmulsifiersRegional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Asia Pacific
  • India
• Middle East & Africa
  • Saudi Arabia
  • Egypt
  • UAE
  • Nigeria
  • Turkey
  • South Africa
  • Qatar
  • Israel
  • Iran

List of Key Players of Asia Pacific, Middle East And Africa Emulsifiers Market

• Kerry Group plc.
• Vantage Specialty Chemicals
• Corbion N.V.
• Nexira
• Cargill Inc.
• Estelle Chemicals Pvt. Ltd.
• Plasgaard A/S
• BASF SE
• ADM (Archer Daniel Midland)
• International Flavors and Fragrances
• Ingredion 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.

Interventional Cardiology Devices Market to Partake Significant Development During 2022 to 2030: Grand View Research Inc.

 Interventional Cardiology Devices Market Growth & Trends 

The global interventional cardiology devices market size is expected to reach USD 16.11 billion by 2030, according to a new report by Grand View Research Inc., expanding at a CAGR of 3.7% from 2022 to 2030. Demand for interventional cardiology devices is on the rise owing to favorable reimbursement policies for coronary intervention procedures, rising prevalence of cardiovascular diseases (CVDs) and diabetes across the globe, and the launch of new product lines in the market. Cardiovascular diseases have become one of the major causes of mortality and morbidity in the world. Coronary artery disease and congenital heart defects are the major cardiovascular diseases that are prevalent across the globe. 

Furthermore, the adoption of unhealthy lifestyles, such as smoking, a sedentary lifestyle, and improper diet, is responsible for diabetes. Cardiac catheterization, angioplasty, and Percutaneous Coronary Intervention (PCI) are some of the major procedures used for the treatment of cardiovascular diseases. Since diabetes is one of the major reasons behind triggering cardiovascular diseases, increasing diabetes cases are expected to surge the demand for interventional cardiology devices over the forecast period. Although the market is anticipated to expand over the coming years, it might witness slower growth possibly brought on by the high price of medical devices, especially in developing economies with insufficient insurance coverage.

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Interventional Cardiology Devices Market Report Highlights

• The coronary stents product segment dominated the market and accounted for a revenue share of over 35.0% in 2021. Stenting technology is increasingly being preferred over conventional balloon angioplasty owing to the introduction of advanced DES and evolving bioresorbable scaffolds
• Technological advancements in coronary stents, such as the development of bifurcated stents and the use of biodegradable materials, have led to efficient and improved outcomes of CVD treatment. Companies are proactively involved in product developments and partnerships and strategic collaborations. The aforementioned factors are expected to propel industry growth over the forecast period
• In 2021, Asia Pacific accounted for the largest revenue share of over 55.0% and it is expected that this trend will continue in the near future. This industry growth is fueled by factors including regulatory revisions, economic expansion, and notably favorable reimbursement in some nations such as Australia. The market is also being impacted by growing government spending on healthcare and new initiatives to introduce devices at affordable costs in cost-constrained countries such as India
• The market is fragmented due to the presence of several players. This is expected to intensify the competition in the coming years. Market players are adopting various strategic initiatives such as partnerships, sales & marketing activities, mergers & acquisitions, service expansion, integrated offerings, and product launches to increase their market presence 

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Interventional Cardiology Devices Market Segmentation

Grand View Research has segmented the global interventional cardiology market based on product and region: 

Interventional Cardiology Devices Product Outlook (Procedure; Unit Volume; ASP; Revenue, USD Million, 2017 - 2030)

• Coronary Stents
  • DES
  • BMS
  • BRS
• PTCA Balloon Catheters
  • Normal
  • Specialty (Includes cutting, scoring, and lithotripsy balloons)
  • DCB
• Accessory Devices
  • PTCA Guidewires (Workhorse, Specialty)
  • Diagnostic Catheters
  • PTCA Guiding Catheters
  • Introducer Sheaths
• Intravascular Imaging Catheters and Pressure Guidewires (IVUS Catheters, OCT Catheters, FFR Guidewires)

Interventional Cardiology Devices Regional Outlook (Procedure; Unit Volume; Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe (EU-5)
  • Germany
  • UK.
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Turkey 

List of Key Players of Interventional Cardiology Devices Market 

• Abbott Laboratories
• Medtronic
• Boston Scientific
• Spectranetics
• Cardinal Health
• Philips Healthcare
• Terumo
• Alvimedica
• Teleflex Medical
• Braun
• Biosensors International
• Meril Life Sciences
• BIOTRONIK
• ACIST Medical Systems
• ASAHI INTECC
• CID Vascular
• Cook Medical
• Medinol
• Merit Medical Systems
• NuMED
• Opsens
• Vascular Solutions
• Zeon Medical

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.

Postal Automation System Market is Growing at Significant Rate, 2030: Grand View Research Inc.

 Postal Automation System Market Growth & Trends

The global postal automation system market size is anticipated to reach USD 1.34 billion by 2030, exhibiting a CAGR of 6.8% over the forecast period, according to a new report published by Grand View Research, Inc. The increasing e-commerce market and online retail shopping have resulted in a considerable rise in the number of orders across the globe. The companies are incorporating automation in postal services to meet the rising number of package processing.

Implementing automation in postal services has helped companies reduce their dependency on labor. Automation in parcel sorting systems, mail sorting systems, coding systems, automatic reading, and postal software has helped companies save operating costs and achieve high accuracy and productivity. Moreover, it reduces processing time, human errors, and increased labor costs and requirements.

The increasing adoption of e-commerce platforms has increased the demand for faster package processing as companies focus on faster deliveries to gain a competitive edge in the market. The automation in postal services helps to simplify processes and reduce labor costs while improving service quality.

The leading postal automation system market companies focus on technological development and introducing the latest technologies to reduce operational costs and carbon footprints. For instance, in May 2022, Deutsche Post DHL Group installed two robotic sorting machines of Dorabot Inc. at the Atlanta distribution centers to achieve labor efficiency and boost the sortation process.

The market offers various growth opportunities due to digitization; the companies are upgrading their infrastructure and incorporating automation into their existing postal services to improve service quality and reduce operational costs. In contrast, the challenges such as high initial investment as the systems require installation due to high numbers of software and hardware and timely service requirement, upgrades, and maintenance to avoid technical errors are expected to create challenges over the forecast period. 

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Postal Automation System Market Report Highlights 

• In the technology segment, the parcel sorter is expected to witness a CAGR growth of approximately 8% over the forecast period. The improved accuracy and ability to trace the parcel in real-time, reducing the missing package requests, is expected to fuel the market's future growth
• Commercial parcel services are anticipated to acquire the largest revenue share of almost 60% in the application segment by 2030. The increasing demand for faster mail delivery and adoption by e-commerce companies is expected to fuel the market's future growth
• The software segment is expected to witness the fastest CAGR of approximately 9% over the forecast period in the component segment. The increasing demand for automated mailing processes in numerous industries is expected to fuel market growth in the upcoming period
• COVID-19 has positively impacted the postal automation system industry as the parcel volume increased due to the increased adoption of e-commerce platforms for shopping as a result of the lockdown

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Postal Automation System Market Segmentation

Grand View Research has segmented the global postal automation system market based on technology, component, application, and region:

Postal Automation System Technology Outlook (Revenue, USD Million, 2018 - 2030)

• Culler Facer Canceller
• Letter Sorter
• Flat Sorter
• Mixed Mail Sorter
• Parcel Sorter
• Others

Postal Automation System Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
• Software
• Services

Postal Automation System Application Outlook (Revenue, USD Million, 2018 - 2030)

• Commercial Postal
• Government Postal

Postal Automation System Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Postal Automation System Market

• Toshiba Infrastructure Systems & Solutions Corporation
• Körber AG
• NEC Philippines, INC.
• SOLYSTIC
• Pitney Bowes Inc.
• Vanderlande Industries B.V.
• Fives Group
• Leonardo S.p.A.
• Lockheed Martin Corporation
• BEUMER GROUP
• Interroll Group
• Dematic
• Eurosort
• Fluence Automation, 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.

Automotive Silicone Market to Reflect a Holistic Expansion During 2022 to 2030: Grand View Research Inc.

 Automotive Silicone Market Growth & Trends

The global automotive silicone market size is expected to reach USD 587.70 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.3% from 2022 to 2030. Growing awareness about lightweight materials used in automotive production is expected to boost demand for silicones. Automotive silicones find applications in vehicle interiors, exteriors, electrical systems, and suspension systems. The product's superior properties make it highly compatible with rubber, adhesives, sealants, and coatings, increasing its preference over other products. The increase in automobile production is the main driving factor for the growth of this market.

Strict environmental regulations regarding the use of electric and solar vehicles to reduce pollution are expected to boost the growth of the automotive silicone industry with the rise of green vehicles around the world. In addition, technological advances, modernization, and rapid upgrading have driven the demand for automotive electronic assistance systems. Therefore, the increasing use of these systems should have a positive impact on industrial expansion.

In the automotive silicone industry, there is an increasing trend towards innovative airbag designs with silicone-based rubber fabric coatings and seam seals. The integrity of the airbag design is enhanced with silicone rubber fabric coatings and seam seals that enhance impact protection and occupant safety. Automotive silicones are used in a wide range of applications due to their favorable properties such as resistance to corrosion, chemicals, heat, and UV rays. Their ability to reduce overall vehicle weight through application in specific parts of the vehicle is expected to drive the growth of the market over the forecast period.

Compared to other rubbers, silicone rubber has higher production costs, which is due to the complex processing. Silicone rubber must be further processed for effective use. Such processing requirements lead to higher production costs. However, the growing demand for silicone rubber has led companies to take eager steps to meet this demand. Several companies have formed partnerships to expand their product portfolio and production capacity.

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Automotive Silicone Market Report Highlights

• In terms of revenue, the elastomerssegment accounted for a significant revenue share of 44% in 2021 and is further anticipated to witness prominent growth over the forecast period
• The interior and exterior parts segment dominated with more than 33% of the revenue share in 2021. These applications include damper oil for meters, seat belt lubricants, modification of synthetic leather seats, and door stoppers, and bonding & sealing for cosmic parts
• As of 2021, the Asia Pacific accounted for more than 44.0% of the revenue share. The presence of a well-established manufacturing base for silicones and automotive in China, Japan, and India among other countries is anticipated to provide further impetus to the regional market growth
• Major players are continuously working on developing their production plants owing to the increased usage of silicones in the automotive industry. For instance, in July 2022, Wacker Chemie AG introduced a new production site for silicones in India. The production of silicone fluids and silicone emulsions is expected to expand the business of the company in the coming future. This manufacturing plant will manufacture silicone products like rubber, and ready-to-use compounds for various end-use industries such as automotive, medical, electrical & electronics

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Automotive Silicone Market Segmentation

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

Automotive Silicone Product Type Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

• Elastomers
• Adhesives And Sealants
• Resins
• Fluids
• Gels
• Others

Automotive Silicone Application Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

• Interior And Exterior Parts
• Engine & Drive Train System
• Electrical System
• Suspension Systems
• Others

Automotive Silicone Regional Outlook (Volume, Tons; Revenue, USD Million, 2019 - 2030)

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

List of Key Players in Automotive Silicone Market

• Henkel AG & Co. KGaA
• 3M Company
• Permatex
• Elkem ASA
• Basildon Chemicals
• Specialty Silicone Products, Inc.
• Dow
• ACC Silicones Ltd.
• Wacker Chemie AG
• Shin-Etsu Chemical Co.
• Laur Silicone, Inc.
• CSL Silicones 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.

Quartz Sink Market Forecast 2030 Top Companies, Trends and Growth Factors Details for Business Development

 Quartz Sink Market Growth & Trends

The global quartz sink market size is expected to reach USD 401.5 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.0% from 2022 to 2030. The increasing prominence of well-equipped kitchens in households has led to the need for unique and different types of kitchen sinks, which, in turn, is ramping up the sales of the product across the globe. Health concerns among consumers over healthy food preparation and clean utensils are compelling them to cook at home, which is further fueling the need for a quartz sink.

The growth of the quartz kitchen sink industry is primarily driven by the rising building construction, which creates a need for kitchen sinks, and rising standards of living. The market for various cutting-edge sinks has expanded as a result of consumer demand to make homes more aesthetically pleasing and comfortable. Consumer interest in technologically advanced features including soap dispensers, sprays, and waste collection systems is increasing, which is fueling the expansion of the industry.

The COVID-19 pandemic hampered the market for kitchen sinks due to labor shortages, broken supply chains, a lack of raw materials as a result of regulations requiring a statewide lockdown, and social segregation restrictions. The installation of traditional sinks presented several additional difficulties. Furthermore, the market growth will be positively impacted by the progressive removal of these obstacles and the restart of production activities at the present.

The residential segment is expected to continue holding the largest revenue share over the forecast period. It is mainly driven by the rising demand for elegant and customized kitchen sinks across the globe. Additionally, rising disposable income and a rise in the number of residential dwellings are further expected to contribute to the market growth. Whereas the rise in the demand for 2-bowl kitchen sinks among restaurants, cafes, and other commercial buildings is expected to emerge as one of the major trends reshaping the market growth in the forthcoming years.

Europe dominated the global market in terms of revenue and is expected to maintain its dominance over the forecast period. Key players operating in the region are focusing on strategic growth initiatives, comprising partnerships, acquisitions, along with new product launches to gain competitive advantage and reinforce their regional and global presence. Additionally, rising construction spending on commercial properties such as hotels, restaurants, and cafes in the region is backed by a home remodeling trend in the region.

Manufacturers are increasingly spending on R&D, marketing, and partnerships to widen their customer base. Direct-to-consumer distribution channels are highly profitable only for brands that enjoy consumer loyalty and hence, they do not have to invest significantly in endorsements. E-retailers enjoy high-profit margins owing to the limited presence of middlemen in distribution channels. Having realized that profit margins are high for online retailers, companies are actively focusing on direct-to-consumer distribution channels to further increase their revenues. The growing popularity of online shopping is particularly increasing company revenues generated via online sales.

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Quartz Sink Market Report Highlights

• The single-bowl sink segment captured 50% of the revenue share in 2021 on account of an increase in the demand for single-bowl kitchens across the residential sector and the wide availability of a variety of products
• The commercial segment is projected to register a CAGR of 4.4% from 2022 to 2030. The growth of the segment is attributable to the growth of the construction of commercial properties including cafes, restaurants, and hotels across the globe
• Asia Pacific is expected to grow at a CAGR of 6.3% over the forecast period. The growth is expected to be driven by the rising purchasing power of consumers in the region supported by the trend of sustainable and stylish kitchen products and appliances

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Quartz Sink Market Segmentation

Grand View Research has segmented the global quartz sink market based on type, application, distribution channel, and region:

Quartz Sink Type Outlook (Revenue, USD Million, 2017 - 2030)

• Single Bowl
• Double Bowl
• Multi Bowl

Quartz Sink Application Outlook (Revenue, USD Million, 2017 - 2030)

• Residential
• Commercial

Quartz Sink Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Online
• Offline

Quartz Sink Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Quartz Sink Market

• Kohler Co.
• BLANCO
• Franke Holding AG
• Oliveri Solutions
• Elkay Manufacturing Company
• Astracast (KAD Group Limited.)
• Moen Incorporated
• Teka Group
• Alveus
• Ruvati USA

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 Plastic Battery Containers to Witness Tremendous Growth and Expansion by 2030

 Plastic Battery Containers Market Growth & Trends

The global plastic battery containers market size is expected to reach USD 28.90 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 6.7% from 2022 to 2030. The growing number of electric vehicles and the rising renewable industry around the world are the factors expected to drive the growth. Plastic battery containers are used in power backup, telecom, and valve-regulated lead acid battery (VLRA) among others. Plastic battery containers hold the battery plates, cast-on straps, and electrolytes and reduce the impact of vibration and improve the battery lifecycle.

Growing renewable energy development around the world has increased the demand for battery energy storage systems (BESS). These systems are available in a wide range of storage and power capacity and can serve small-scale household devices to large-scale systems used for industrial applications and utilities. According to International Energy Agency, the number of electric vehicles sold in 2021 was 6.6 million which accounts for ten percent of global car sales.

The total number of electric cars in the world reached around 16.5 million, which is triple the number in 2018. The demand for electric cars is strong in 2022 with two million cars sold in the first quarter, up seventy-five percent from the same period in 2021. This rapid growth in electric vehicles is going to drive the plastic battery container market over the forecast period.

The COVID-19 pandemic and the Russia-Ukraine war have disrupted the supply chains worldwide, and heavily impacted the automotive industry. Because of this reason, the market may experience lesser growth in the short term. However, in the long term, corporate and government efforts to decarbonize transportation are providing strong support for the growth in EV sales which in turn will drive the plastic battery container market.

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Plastic Battery Containers Market Report Highlights

• Lead acid dominated the battery segment with a share of more than 49% in 2021 and is expected to maintain a healthy growth rate over the forecast period
• The growing demand for electric and hybrid vehicles is expected to drive the demand for plastic battery containers over the forecast period
• Polypropylene (PE) led the resin segment with a revenue share of more than 73% in 2021 due to its better functional properties as compared to other resins

Access Press Release@ https://www.grandviewresearch.com/press-release/global-plastic-battery-containers-market

Plastic Battery Containers Market Segmentation

Grand View Research has segmented the global plastic battery containers market based on battery, resin, and region:

Plastic Battery Containers Battery Outlook (Revenue, USD Million, 2019 - 2030)

• Lead Acid
• Lithium Ion
• Others

Plastic Battery Containers Resin Outlook (Revenue, USD Million, 2019 - 2030)

• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PE)
• Others

Plastic Battery Containers Regional Outlook (Revenue, USD Million, 2019 - 2030)

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

List of Key Players in the Plastic Battery Containers Market

• LyondellBasell Industries Holdings B.V.
• VIKING PLASTICS
• SGL Carbon
• TIRTH POLYMERS PVT. LTD.
• Biasin Srl
• Xiamen Tmax Battery Equipments Limited
• Kdpolymers
• Sanatan
• AkumsanDesigned

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.

Outdoor Kitchen Market to Incur Meteoric Growth During 2022 to 2030: Grand View Research Inc.

 Outdoor Kitchen Market Growth & Trends

The global outdoor kitchen market size is expected to reach USD 40.32 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.3% from 2022 to 2030. The rising popularity of outdoor kitchens in the U.S., especially in the warmer states, is propelling the industry growth. For instance, in March 2022, according to the American Institute of Architects (AIA), in the last year, the demand for kitchen-related home features, such as working pantries, outdoor kitchens, coffee bars, and even additional kitchen facilities, has increased.

The stay-at-home order imposed during the coronavirus outbreak has shown a negative impact on the market due to the suspended supply chain of raw materials and fished products in several countries. The extensive mitigation and containment measures taken to stop the virus's spread had a significant negative impact on the commercial kitchen appliances industry. Moreover, the increasing spending on outdoor living spaces by people after the ease of numerous restrictions is projected to boost the industry growth over the forecast period.

The refrigeration units product segment is foreseen to witness tremendous growth in the future. The growing desire for outdoor cooking and dining spaces and increased disposable income are accelerating the industry growth. Moreover, the family get-togethers, events, and functions in the open area have augmented over the last few years as a result of expanding outdoor living space accessibility, thus propelling the industry growth. The expansion of this market segment is attributed to the rising need for the preservation of alcoholic and non-alcoholic beverages and food in outdoor areas.

The commercial application segment is expected to expand at the highest CAGR over the forecast period. Constantly changing consumer expenditure behaviors and increasing number of people visiting hotels, resorts, and restaurants having outside cooking areas are accelerating the industry growth. Additionally, significant actions taken by industry participants, including creating attractive designs and innovating new products, are expected to accelerate the market growth over the forecast period. Moreover, hotels and restaurants are renovating existing kitchens with outdoor or building new outdoor kitchens, which, in turn, is projected to accelerate the market growth over the forecast period.

The online distribution channel segment is foreseen to witness tremendous growth in the future. The increasing penetration of smartphones and the internet across the globe is a major factor fueling the market growth. Moreover, the rising popularity of the e-commerce sector for buying kitchen appliances among youngsters across the globe is anticipated to boost industry growth. Furthermore, the companies are offering their products on their own websites and e-commerce websites, which is accelerating the market growth.

North America accounted for the largest revenue share in 2021 owing to the strengthening economic climate, growing income levels regionally, and rapid urbanization across the region. Investments by key players in research & development and innovation and increasing willingness among consumers to spend on kitchen products are the major factors fueling the market growth in the region.

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Outdoor Kitchen Market Report Highlights

• North America is expected to register the largest revenue share of over 45.0% in 2021 owing to rising spending on outdoor spaces
• The refrigeration units product segment is expected to register the fastest CAGR of 10.0% from 2022 to 2030 due to its increasing adoption in storing food and non-alcoholic and alcoholic beverages
• The residential application segment held the largest revenue share in 2021 with over 60.0% due to rising home remodeling projects across the globe
• The online distribution channel segment is expected to register the fastest CAGR of 9.4% from 2022 to 2030 owing to the rising usage and penetration of the mobile, internet, and e-commerce platforms across the globe

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

Outdoor Kitchen Market Segmentation

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

Outdoor Kitchen Product Outlook (Revenue, USD Million, 2017 - 2030)

• Cooking Fixtures
• Islands & Storage Units
• Refrigeration Units
• Cocktail & Bar Centers
• Sinks & Faucets
• Others

Outdoor Kitchen Application Outlook (Revenue, USD Million, 2017 - 2030)

• Residential
• Commercial

Outdoor Kitchen Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Offline
• Online

Outdoor Kitchen Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Outdoor Kitchen Market

• AB Electrolux
• Affordable Outdoor Kitchens
• Bull Outdoor Products, Inc.
• Charlotte Grill Company
• H. Peterson Co.
• Summerset Professional Grills
• Wolf Steel Ltd.
• The Outdoor Kitchen Collective Ltd.
• Brown Jordan Outdoor Kitchens
• Danver Outdoor Kitchens
• Kalamazoo Outdoor Gourmet
• Blaze Outdoor Products

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.

Dermocosmetics Skin Care Products Market Size Projected to Rise Lucratively during 2022 to 2030: Grand View Research Inc.

 Dermocosmetics Skin Care Products Market Growth & Trends

The global dermocosmetics skin care products market size is expected to reach USD 92.83 billion by 2030, registering a CAGR of 7.5% over the forecast period, according to a new report by Grand View Research, Inc. The overall industry growth is attributed to the rising demand for skin care products with active ingredients. Furthermore, the favorable marketing & promotional activities to increase the outreach of products among targeted end-user segments are expected to drive the growth. Manufacturers are launching a wide range of products in the hair and scalp care segment to cater to the rising customer demand, which is increasing the scope of dermocosmetics skin care products in the global market. For instance, in February 2021, Beiersdorf-owned dermocosmetics label, Eucerin, has grown its sun protection portfolio with the introduction of the Actinic Control SPF100 to help prevent actinic keratosis and non-melanoma skin cancer.

The hair & scalp care segment is expected to register the fastest CAGR during the forecast period. Product launches in this segment by key players are likely to supplement the overall segment growth. For instance, in October 2021, Dr. Barbara Sturm launched three shampoos, a conditioner, a hair mask, and four serums. These launches were targeted to capture the vast market of hair and scalp care. The pharmacy & drug stores distribution channel segment held the largest revenue share in 2021 and is expected to maintain its dominance over the forecast period. A rise in the demand for dermocosmetics skin care products has made pharmacies to hold greater shelf spaces for these products, especially in developed countries, such as the U.S. and the U.K. The industry is consolidated with the presence of a large number of international players and a few regional players.

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Dermocosmetics Skin Care Products Market Report Highlights

• Asia Pacific is anticipated to be the fastest-growing regional market during the forecast period
• Many international players are setting up local manufacturing, production, and storage facilities in various countries, such as India and China
• The hair & scalp care segment is projected to register the fastest growth rate during the forecast period
• The online distribution channel segment is expected to register the fastest growth rate during the forecast period
• The recent outbreak of COVID-19 has increased the penetration of online retailers. This contributed to the segment’s growth

Access Press Release@ https://www.grandviewresearch.com/press-release/global-dermocosmetics-skin-care-products-market

Dermocosmetics Skin Care Products Market Segmentation

Grand View Research has segmented the global dermocosmetics skin care products market on the basis of application, distribution channel, and region:

Dermocosmetics Skin Care Products Application Outlook (Revenue, USD Million, 2017 - 2030)

• Anti-aging
  • Moisturizer
  • Serum
  • Others
• Skin Brightening
  • Cream & Moisturizer
  • Cleanser
  • Others
• Hair & Scalp Care
  • Shampoo
  • Conditioner
  • Others
• Baby Care
  • Cream & Moisturizer
  • Shampoo
  • Massage Oil
  • Others
• Sun Care
  • Adult Sun Cream
  • Baby Sun Cream
  • After Sun
  • Others
• Anti-Stretch Mark
  • Cream
  • Oil
• Lip Care
  • Lip Balm
  • Lip Scrub
  • Others
• Others

Dermocosmetics Skin Care Products Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Supermarkets & Hypermarkets
• Pharmacy & Drug Stores
• Online
• Others

Dermocosmetics Skin Care Products Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Dermocosmetics Skin Care Products Market

• Procter & Gamble
• L’Oréal Groupe
• Unilever
• Johnson & Johnson Services, Inc.
• Shiseido Co., Ltd.
• Amorepacific
• Beiersdorf AG
• Kanebo Cosmetics Inc.
• Avon Products, Inc.
• Lotus Herbals Pvt. Ltd.
• VLCC Health Care Ltd.
• Himalaya Global Holdings 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.

Nail Care Products Market Size, Industry Share And Growth Analysis For 2022-2030: Grand View Research Inc.

 Nail Care Products Market Growth & Trends

The global nail care products market size is expected to reach USD 30.08 billion by 2030 and is expected to expand at a CAGR of 5.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing number of product launches in categories such as nail accessories, nail polish, and artificial press-on nails is the key factor driving the overall market.

Changing consumer perception toward organic nail care products, coupled with the growing utilization of environmentally-sustainable products, has fueled the growth of naturally derived products. Key manufacturers are spending on investment, resources, and research and development of organic products, which has resulted in the growth of organic/green products. For instance, Suncoat, a Canada-based company, offers a line of natural, non-toxic nail polishes designed to provide the same quality and finish as conventional nail polishes.

The nail polish product segment held the largest market share in 2021. The adoption of nail polish among people has further risen with the introduction of unique finishes such as glitter, magnetic, sequins, and metallic. Nail art and extensions are also a popular grooming trend among millennials. The demand for nail paints with natural ingredients and fewer chemicals is also expected to offer growth opportunities to players.

The salon end-use segment captured the second-largest share in 2021. The maximum demand for nail care products was generated through the salon segment due to the availability of professional ranges, which is contributing to the growth of the segment. Moreover, the large availability of various nail care ranges such as designs, extensions, and nail shapes along with professional advice is propelling the segment growth.

Asia Pacific was the largest market for nail care products in 2021. Increasing penetration of international nail care brands such as Ciaté London and O.P.I through various e-commerce channels and company websites is promoting the trend of nail care products in the region. Key market players face intense competition from each other as some of them operate at several locations and have large customer bases. The presence of many small-scale players is also leading to increased competition.

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Nail Care Products Market Report Highlights

• The artificial nail and accessories product segment is expected to expand at the fastest CAGR from 2022 to 2030. The segment growth can be attributed to the growing trend of false nails among the beauty salons and nail studios, which are offering various shades and designs
• The household end-use segment is expected to expand at the fastest CAGR from 2022 to 2030 owing to the availability of DIY products by various manufacturers
• Europe held the second-largest revenue share in 2021. This can be attributed to the inclination of consumers toward natural nail care products and high demand, especially in countries such as the U.K. and Germany

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Nail Care Products Market Segmentation

Grand View Research has segmented the global nail care products market on the basis of product, end-use, and region:

Nail Care Products Outlook (Revenue, USD Million, 2017 - 2030)

• Nail Polish
• Artificial Nail & Accessories
• Others

Nail Care Products End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Salon
• Household

Nail Care Products Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Nail Care Products Market

• L'Oréal Groupe
• AMERICAN INTERNATIONAL INDUSTRIES
• Coty Inc.
• Olive & June
• ORLYInternational, Inc.
• The Estée Lauder Companies
• Creative Nail Design Inc.
• NSI Nails
• LCN USA
• Cosnova GmbH (essence)

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.