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

 Shipping Container Market Growth & Trends

The global shipping container market size is expected to reach USD 15.83 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.0% from 2020 to 2028. The market is expected to be driven by maritime trade, expanding penetration of the e-commerce industry, digitization in shipping container space, and increasing demand for specialized shipping containers by the department of defense.

20’ and 40’ are the most popular sizes of shipping containers as of 2021. Although based on application shipping containers are often manufactured in a variety of sizes such as 8’, 10’, 48’, 53’, and others. Their increasing demand for transportation of a variety of goods such as food, pharmaceutical, automotive components, and agricultural products is expected to support industry growth.

Shipping Container Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 11.33 billion
Revenue forecast in 2028	USD 15.83 billion
Growth rate	CAGR of 12.0% from 2020 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2020 - 2028

Trade agreements promote trade among the nations and favorably impact the demand for shipping containers. In November 2020, members of the Association of Southeast Asian Nations (ASEAN) and five regional partners signed the Regional Comprehensive Economic Partnership (RCEP), which is one of the largest free trade agreements in the world. Moreover, recently concluded multiple trade agreements including NAFTA, EVFTA, EU–UK Trade and Cooperation Agreement (TCA), and others are likely to fuel the growth of the market.

The significant developments in commercial vessels and innovation of efficient and better cargo ships equipped with advanced technology such as navigation systems, advanced sensors, and other components are accelerating the demand for cargo transportation through ships, which is further fueling the growth of the market.

The global e-commerce industry witnessed an exponential surge in the last few years, besides, the rising penetration of smartphones and the internet, especially in developing regions is anticipated to fuel the growth of the e-commerce industry further. The growth of the transportation industry on account of growing online retails is expected to benefit the shipping containers market.

Request a free sample copy or view report summary: Shipping Container Market Report

Shipping Container Market Report Highlights

• By product, ISO containers generated a revenue of USD 6.28 billion in 2020. Extensive adoption of ISO containers for international trade mainly accounted for a higher share of the ISO container product segment in the market
• Reefer container segment is expected to register the fastest CAGR of 12.5% in terms of revenue from 2020 to 2028 owing to increasing demand for temperature-controlled transportation for shipping pharmaceutical, food, and agricultural products
• Industrial transport led the application segment with a share of 56.6% by revenue in the global shipping containers market in 2020. Extensive use of shipping containers for transportation of industrial raw materials and manufactured goods such as metals, minerals, oil and gases, chemicals, ores, slags, machinery, tools, etc. attributed to the high share of the industrial transport segment in 2020
• The Asia Pacific region dominated the market with more than 68.1% share of the global revenue in 2020. Presence of countries such as China and India having a large manufacturing base coupled with robust agricultural exports mainly contributed to the high share of Asia Pacific in the global market
• The market is highly fragmented with the presence of large- and medium-sized international companies as well as small-sized domestic players

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

Shipping Container Market Segmentation

Grand View Research has segmented the global shipping container market report based on product, type, size, flooring, application, and region:

Shipping Container Product Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)

• ISO Containers
• Non-standardized Containers

Shipping Container Type Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)

• Dry Containers
• Reefer Containers
• Tank Containers
• Others

Shipping Container Size Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)

• 20’ Containers
• 40’ Containers
• High Cube Containers
• Others

Shipping Container Flooring Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)

• Wood
• Bamboo
• Metal
• Vinyl
• Others

Shipping Container Application Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)

• Consumer Goods Transport
• Industrial Transport
• Food Transport
• Others

Shipping Container Regional Outlook (Volume, Thousand Units; Revenue, USD Thousand, 2017 - 2028)

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

List of Key Players of the Shipping Container Market

• Bertschi AG
• BNH Gas Tanks
• Bulkhaul Limited
• Danteco Industries BV
• NewPort Tank
• P. Moller - Maersk
• China International Marine Containers (Group) Ltd
• COSCO SHIPPING Development Co., Ltd.
• CXIC Group
• Singamas Container Holdings Limited
• TLS Offshore Containers/TLS Special Containers
• W&K Containers, Inc.
• Thurston Group Limited
• OEG
• Sea Box, Inc.
• IWES LTD.
• Norcomp Nordic AB

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 Demand for Energy Storage As A Service Market Increasing in Most Part of World 2028

 Energy Storage As A Service Market Growth & Trends

The global energy storage as a service market size is expected to reach USD 2.7 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.7% from 2021 to 2028. The global market is predominantly driven by the rising energy consumption and increasing demand for power management in the industrial and residential sectors. Moreover, the convenience and cost-effectiveness offered by the energy storage services are attracting consumers across the globe.

Growing industrialization in emerging countries such as India, Brazil, and China is creating significant energy demand, which, in turn, is expected to drive the market. ESaaS model offers various services, including ancillary services and energy management services, which help in the regular supply of electricity, prevent blackouts, and reduce electricity bills.

Energy Storage As A Service Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 1.3 billion
Revenue forecast in 2028	USD 2.7 billion
Growth Rate	CAGR of 10.7% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

In 2020, the market witnessed a decline in growth owing to the outbreak of the Coronavirus pandemic. Lockdown across nations and travel restrictions affected the market. Various industries and commercial complexes were closed, which resulted in a decline in service demand in 2020.

Request a free sample copy or view report summary: Energy Storage As A Service Market Report

Energy Storage As A Service Market Report Highlights

• By service, the customer energy management services segment held the largest revenue share of over 30.0% in 2020. ESaaS model is gaining high popularity in the industrial, commercial, and residential sectors compared to utility and energy supplying companies. It is being used in microgrid systems
• The ancillary services segment is anticipated to grow at the fastest rate during the forecast period. Ancillary services are expected to decrease the dependency on fossil fuel generators and switch to renewable and battery energy storage for services including voltage support, black start, and frequency regulation
• The utility end-user segment is expected to register the highest growth rate during the forecast period. Decreasing dependency on conventional fossil fuel generators and increasing focus on sustainability are among the major factors fueling the segment growth
• Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to the presence of various untapped markets, coupled with the rising energy consumption. China is the largest market for energy storage as a service in Asia Pacific. This is due to the increasing industrialization in the region, high consumption of energy, and growing awareness of renewable energy

Access Press Release@ https://www.grandviewresearch.com/press-release/global-energy-storage-as-a-service-market

Energy Storage As A Service Market Segmentation

Grand View Research has segmented the global energy storage as a service market on the basis of service, end-user, and region:

Energy Storage As A Service Outlook (Revenue, USD Million, 2017 - 2028)

• Bulk Energy Services
• Ancillary Services
• Transmission Infrastructure Services
• Distribution Infrastructure Services
• Customer Energy Management Services
• Others

Energy Storage As A Service End-user Outlook (Revenue, USD Million, 2017 - 2028)

• Utility
• Industrial, Residential & Commercial

Energy Storage As A Service Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Energy Storage As A Service Market

• Siemens Energy
• Veolia
• Honeywell International Inc.
• NRStor Inc.
• ENGIE Storage Services NA LLC
• Customized Energy Solutions Ltd.
• YSG Solar
• Suntuity
• Hydrostor 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.

Printable Self-adhesive Vinyl Films Market Witness Excellent Revenue Growth During 2021-2028: Grand View Research Inc

 Printable Self-adhesive Vinyl Films Market Growth & Trends

The global printable self-adhesive vinyl films market size is expected to reach USD 4.42 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.6% from 2021 to 2028. Rising demand for fleet graphics and growing application scope in the sign & graphics industry are also anticipated to fuel the market growth. The frequent appearance of the promotion or the brand name in the market related to the company achieves an effective frequency of messages that is required to be delivered to the targeted audience. Rising demand for fleet graphics across the advertising industry for increasing the reach for prominent customers is anticipated to boost the product demand.

The availability of printable self-adhesive vinyl films in two different forms, such as cast and calendered, provides an additional opportunity to the market owing to the benefits offered by these distinct films. For instance, cast vinyl films do not shrink with age, have extended life & durability, and are cost-effective & available in thinner gauges. Calendered vinyl films are economical and have higher abrasion resistance. Many companies offer product guarantees ranging from two to seven years. This is due to the product’s high resistance properties to water and UV, which can be enhanced with the application of nano-ceramic atop the film. The car wrapping application segment is expected to witness an increase in demand with the growing automotive industry, especially in Asia Pacific.

Printable Self-adhesive Vinyl Films Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 3.23 billion
Revenue forecast in 2028	USD 4.42 billion
Growth Rate	CAGR of 4.6% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2021 - 2028

The technical complexities are expected to limit the growth during the forecast period. Most of the complexities occur during the processing of heavy-duty vehicles, due to their big size and heavy bases. These factors have resulted in their low growth penetration. However, the trend of advertising and branding is anticipated to benefit these vehicles due to their large space availability. These customization trends are largely adopted by individual customers on their personal light-duty vehicles, resulting in its high growth penetration. Rising disposable income and rapid urbanization are some of the macroeconomic factors contributing to the high growth potential of the market.

Request a free sample copy or view report summary: Printable Self-adhesive Vinyl Films Market Report

Printable Self-adhesive Vinyl Films Market Report Highlights

• In terms of revenue, the calendered films segment accounted for a prominent share in 2020 due to attributes including stiffer and thicker texture for easy handling, higher performance on flat, simple, and moderate curves, and higher resistance to abrasion
• The fleet graphics application segment dominated the market in 2020 owing to the increasing demand for effective advertising that makes a lasting impression on the customers
• Global advertising and marketing professionals have included printable self-adhesive vinyl films media in their branding strategies. Floor graphics are suitable for tradeshow booths, reception areas, corporate lobbies, conference rooms, and performing art centers & theatres
• Merger & acquisition strategies are being undertaken by major players. For instance, in September 2019, Orafol Europe GmbH acquired KMPF Vehicle Wrap. The acquisition enabled Orafol to expand its market presence in the U.K.
• Asia Pacific and Japan (APJ) was the largest regional market in 2020. Numerous companies including Avery Dennison, Hexis S.A., and 3M have been developing a variety of colors and prints to meet the rising product demand for car wrapping applications

Access Press Release@ https://www.grandviewresearch.com/press-release/global-printable-self-adhesive-vinyl-films-market

Printable Self-adhesive Vinyl Films Market Segmentation

Grand View Research has segmented the global printable self-adhesive vinyl films market based on manufacturing process, thickness, type, substrate, application, and region:

Printable SAV Films Manufacturing Process Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• Calendered Films
  • Monomeric
  • Polymeric
• Cast Films

Printable SAV Films Thickness Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• Thin (2-3 Mils)
• Thick (More than 3 Mils)

Printable SAV Films Product Type Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• Transparent
• Translucent
• Opaque

Printable SAV Films Substrate Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• Floor
• Plastics
• Glass
• Others

Printable SAV Films Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• Fleet Graphics
• Watercraft Graphics
• Car Wrapping
• Floor Graphics
• Labels & Stickers
• Window Graphics
• Exhibition Panels
• Outdoor Advertising
• Furniture Decoration
• Wallcovering
• Others

Printable SAV Films Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
  • Mexico
• Latin America (LATAM)
  • Brazil
  • Argentina
• Europe, Middle East & Africa (EMEA)
  • UK.
  • Germany
  • GCC Countries
  • South Africa
• Asia Pacific and Japan
  • China
  • Japan
  • India
  • Australia

List of Key Players of the Printable Self-adhesive Vinyl Films Market

• 3M
• Avery Dennison Corp.
• Mactac
• LG Hausys
• Lintec Corp.
• Hexis S.A.
• Arlon Graphics, LLC
• Metamark (U.K.) Ltd.
• Orafol Europe GmbH
• FLEXcon Company, Inc.
• Achilles 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.

Long Steel Products Market Size Projected to Rise Lucratively during 2023 to 2030: Grand View Research Inc.

 Long Steel Products Market Growth & Trends

The global long steel products market size is expected to reach USD 1,011.9 billion by 2030, expanding at a CAGR of 3.8% over the forecast period, according to a new report by Grand View Research, Inc,. Products such as rebars and wire rodsare of vital importance in today’s world with their growing emphasis in the building and construction industry.

Based on product, the market is segmented into rebars, wire rods, sections, and tubes, of which rebars are extensively used in the construction of infrastructure and buildings. Wire rods are manufactured by drawing hot metals through shafts to develop wires with reduced diameters. Wire rods represent the most ductile form owing to their high ductility and easy availability in different diameters. They are widely used in construction and fencing applications which is positively impacting their growth.

Long Steel Products Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 704.44 billion
Revenue forecast in 2030	USD 1,011.9 billion
Growth rate	CAGR of 3.8% from 2023 to 2030
Market size in volume in 2023	899,191.1 kilotons
Volume forecast in 2030	1,285,803.7 kilotons
Growth Rate	CAGR of 4.8% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

Based on region, Asia Pacific is one of the leading markets in the world. The growth is attributable to China which is the largest producer and consumer of long steel products in the Asia Pacific. Other major markets in the region include Japan, South Korea, India, and Southeast Asian countries such as Indonesia, Vietnam, and Thailand. In recent years, the Asia Pacific market has faced challenges due to a global oversupply of raw materials, increased competition from other steel-producing countries, and the impact of the COVID-19 pandemic on the region's economies.

Further, various growth strategies such as new product development and capacity expansions by the market players are likely to benefit the industry growth. For instance, in February 2023, ArcelorMittal introduced a new blast oxygen furnace LD (Linz-Donawitz) converter in Bosnia with a capacity of 125 tons. This converter has been supplied by Primetals Technologies. Thus, this investment ramps up the production and processing of steel into billets, bars, blooms, and ingots.

Request a free sample copy or view report summary: Long Steel Products Market Report

Long Steel Products Market Report Highlights

• Based on product, rebars held a revenue share of more than 34.0% in 2022 of the global market. Rebars are embedded in the concrete or used along with it so that the concrete can withstand the compressive forces in the structure and sustain against the tensile forces formed in the structure. The demand for rebars is expected to propel in developing nations owing to the growing construction activities
• In terms of revenue, wire rods is anticipated to register a CAGR of 4.6% across the forecast period owing to their rising use in the automotive industry
• Asia Pacific accounted for the highest share of over 65.0% in 2022, in terms of revenue, and this trend is anticipated to continue over the forecast period. As the region is characterized by a growing population and surging housing requirements, countries such as China and India, are witnessing an increasing number of residential construction projects. This is expected to result in significant product demand in the Asia Pacific in the coming years
• The market is characterized by intense competition. Various of players are entering into long term supply contracts with end-users. ArcelorMittal, Emirates Steel Arkan and Emirates Rebar Limited are among the leading players of the market in the world

Access Press Release@ https://www.grandviewresearch.com/press-release/global-steel-long-products-market

Long Steel Products Market Segmentation

Grand View Research has segmented the long steel products market on the basis of product, end-use, and region,

Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Rebars
• Wire Rods
• Sections
• Tubes

End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Buildings & Construction
• Automotive & Aerospace
• Railways & Highway
• Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Philippines
  • Singapore
  • Thailand
  • Malaysia
• Central & South America
  • Brazil
• Middle East
  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • Saudi Arabia
  • UAE
• Africa
  • Ethiopia
  • Tanzania
  • Mozambique
  • Rwanda
  • Zimbabwe
  • Kenya

List of Key Players of the Long Steel Products Market

• Al-Rasheed Steel
• Arabian Gulf Steel Industries (AGCI)
• ArcelorMittal
• Emirates Rebar Limited
• Emirates Steel Arkan
• Hamriyah Steel
• Jindal Shadeed Steel
• Rajhi Steel Industries
• RAK Steel
• Star International Steel
• Union Iron and Steel
• United Gulf Steel
• Watania Steel Factory

About Grand View Research

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

Medical Device Packaging Market to Witness Exponential Growth by 2028: Grand View Research Inc.

 Medical Device Packaging Market Growth & Trends

The global medical device packaging market size is expected to reach USD 48.97 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.4% from 2020 to 2028. The market growth is attributed to the growing demand for medical devices, such as surgical implants and instruments, medical supplies, electro-medical equipment, and in-vitro diagnostic equipment. The increasing aging population that requires advanced medical treatments, coupled with the unhealthy lifestyles of people, has been resulting in the high prevalence of chronic diseases.

These medical device packaging products are manufactured through various technologies, such as heat seal and sterilization, in order to ensure product safety and convenience in use. Furthermore, several other technologies such as seal peal and counterfeit have been utilized by the manufacturers in order to hinder counterfeit and duplicate products in the market. These counterfeit technologies are also used to track the products and offer complete protection against counterfeiting through unique numbering/ serialization.

Medical Device Packaging Market Report Scope

Report Attribute	Details
Market size value in 2021	USD 32.18 billion
Revenue forecast in 2028	USD 48.97 billion
Growth Rate	CAGR of 6.4% from 2020 to 2028
Base year for estimation	2020
Historical data	2017 - 2019
Forecast period	2020 - 2028

The medical device packaging industry is concentrated in the developed countries, including the U.S., Germany, the U.K., and China. due to the large production volumes of medical devices in the aforementioned countries. However, the investments in the medical device industry in developing countries, such as India and Brazil, have been growing in recent years, which is expected to benefit the market growth in the coming years.

In vitro diagnostic (IVD) devices witnessed a massives pike in demand in 2020 amid the COVID-19 outbreak. This was due to the amplified demand for infectious disease tests undertaken by countries, such as the U.S., India, China, and the U.K. The countries significantly invested in COVID-19 testing to curb the spread of the coronavirus.

The key companies operating in the market are involved in the acquisition of medium and small size companies aiming to expand their product portfolio and increase manufacturing capacity. For instance, in October 2020, CCL Industries signed an agreement to acquire Denmark-based Graphic West International ApS. The acquisition was aimed to expand the capability to serve healthcare customers in Europe and North America.

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

Medical Device Packaging Market Report Highlights

• In terms of material, metal is expected to register the highest growth rate of 7.2% over the forecast period. The aluminum-based boxes, trays, and flexible pouches are prominently used products in the industry and offer an effective barrier against moisture, oxygen, and light
• By product, pouches and bags dominated the market with a share of over 35.0% in 2020. This is attributed due to the flexible feature that can accommodate medical devices of various shapes and sizes. Their small size and high product-to-package ratio enable easy storage and handling of medical devices
• In terms of application, IVDs are expected to expand at the fastest CAGR from 2020 to 2028 due to the increasing demand for infectious disease diagnostic instruments and reagents. This is due to the high demand for the aforementioned medical devices during the ongoing COVID-19 pandemic
• Europe emerged as the dominant regional market in 2020. This is due to the presence of several medical device producers that manufacture IVD test kits, ventilators, and other diagnostic devices in the countries, such as the U.K. and Germany
• Key players in the market are involved in mergers and acquisitions and geographical expansions

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

Medical Device Packaging Market Segmentation

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

Medical Device Packaging Material Outlook (Revenue, USD Million, 2017 - 2028)

• Plastic
• Paper & Paperboard
• Metal
• Others

Medical Device Packaging Product Outlook (Revenue, USD Million, 2017 - 2028)

• Pouches & Bags
• Trays
• Boxes
• Clamshells
• Others

Medical Device Packaging Application Outlook (Revenue, USD Million, 2017 - 2028)

• Equipment & Tools
• Devices
• IVD
• Implants

Medical Device Packaging Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Medical Device Packaging Market

• Amcor plc
• Sonoco Products Company
• Mondi
• CCL Industries
• Constantia Flexibles
• WestRock Company
• Berry Global Inc.
• Glenroy Inc.
• SteriPack Group
• Riverside Medical Packaging Company 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.

Stainless Steel Market Poised to Garner Maximum Revenues During 2023 – 2030: Grand View Research Inc.

 Stainless Steel Market Growth & Trends

The global stainless steel market size is expected to reach USD 197.29 billion by 2030, registering a CAGR of 7.4% during the forecast period, according to a new report by Grand View Research, Inc. Higher penetration of the product and its vital importance in numerous applications is expected to support the market growth, during the forecast period.

Stainless steel has extensive utilization in the automotive sector because of its visual appeal and corrosion resistance properties. Corrosion resistance helps its use in catalytic converters and exhaust silencers. These parts face exhaust gas attacks from the inner side and road dirt, salt, and water from the external side. In such cases, stainless steel is the best suitable material. Automotive applications of the product include fuel tanks, trim, gaskets, suspension systems, and bodies of the buses.

Stainless Steel Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 117.63 billion
Revenue forecast in 2030	USD 197.29 billion
Growth rate	CAGR of 7.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

Characteristics of diverse stainless steel materials depending upon the application make them advantageous and preferable when compared to other materials. This is a major reason for their growing demand. For example, if we compare steel and aluminum since they are often considered alternatives in many applications, steel is preferable over aluminum because of its low cost, strength, and less likely to damp, bent, or warp.

Numerous applications have propelled the demand for stainless steel during these years and by enlargement in the end-use industries, the need for these materials is expected to increase further at a rapid rate. As a result, the production of the commodity is carried out on a large scale where iron ore is the key raw material. This ore is mined from the earth’s crust.

The increasing demand together with certain disadvantages, associated with conventional production processes such as the negative environmental effect of iron ore mining, has compelled vendors to opt for an alternative step, which is recycling. The phenomenal property of stainless steel can be recycled frequently without having any impact on the quality eventually promoting the stainless steel scrap industry.

Stainless steel scrap recycling has various benefits economically and environmental. Every ton of recycled steel saves 1.5 tons of iron ore, and 0.5 tons of coal, and reduces water consumption by 40.0%. In addition, carbon dioxide emissions are reduced by 50-60%. As a result, the advantages of metal recycling along with increasing demand for stainless steel in end-use applications are propelling the growth of the stainless steel market.

Request a free sample copy or view report summary: Stainless Steel Market Report

Stainless Steel Market Report Highlights

• In terms of revenue, the Asia Pacific was the largest region in 2022 and is projected to remain the fastest-growing market during the forecast period. The region accounted for more than 68.0% of the total revenue in 2022 on account of industrial production for automotive, marine, construction, and consumer goods in the countries such as China, India, and Japan
• 300 series segment is projected to exhibit a CAGR of 7.7%, in terms of revenue, during the forecast period. The market is likely to be driven by the aerospace and marine industries on account of its properties such as thermal resistance and corrosion resistance
• Flat products segment accounted for a volume share of nearly 74.0% in 2022. The segment is projected to grow on account of the demand in consumer goods along with machinery & equipment industries, which is supported by the properties of stainless steel such as concentricity, straightness, and tolerance
• Building & construction application segment is likely to observe a lucrative growth of 7.6% during the forecast period on account of massive investment in infrastructure and housing sectors by the countries such as the U.S., China, and India
• The competitive rivalry within the industry is projected to increase with rising mergers & acquisitions, capacity expansion, in addition to network distribution

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

Stainless Steel Market Segmentation

Grand View Research has segmented the global stainless steel market based on the grade, product, application, and region:

Stainless Steel Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• 200 series
• 300 series
• 400 series
• Duplex series
• Others

Stainless Steel Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Flat
• Long

Stainless Steel Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Mechanical Engineering & Heavy Industries
• Others

Stainless Steel Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2018 - 2030)

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

List of Key Players in Stainless Steel Market

• Acerinox S.A.
• Aperam Stainless
• ArcelorMittal
• Baosteel Group
• Jindal Stainless
• Nippon Steel Corporation
• Outokumpu
• POSCO
• ThyssenKrupp Stainless GmbH
• Yieh United Steel 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.

Squalene Market Set to Witness an Uptick during 2023 to 2030: Grand View Research Inc.

 Squalene Market Growth & Trends

The global squalene market size is expected to reach USD 307.88 million by 2030, as per the new report by Grand View Research, Inc., expanding at a CAGR of 10.9% from 2022 to 2030. The industry is majorly driven by rising health awareness among the masses and continuously rising demand for squalene in personal care and cosmetics. Squalene acts as an emollient and provides nourishment to the skin. Moreover, it finds application in pharmaceuticals due to its ability to act as an anti-cancer and anti-oxidant agent. 

Squalene is now largely produced from plants. It can be obtained from vegan sources such as sugarcane, rice bran, wheat germ, palm trees, and olives, with olives being the most popular. Although many businesses prefer squalene derived from plants, there is still a possibility that it comes from animals. The demand for the product from shark liver oil is still in the market because of its low cost. In the cosmetics industry, products such as perfumes, lotions, eyeliners, and eye shadows, contain squalene in the range of 0.1% to 10%, whereas other products such as foundations and lipsticks contain 50% of the product.

Squalene Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 149.4 million
Revenue forecast in 2030	USD 307.88 million
Growth rate	CAGR of 10.9 % from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

The usage of synthetic and plant-based squalene has been motivated by the growing concerns over the extinction of sharks. To create squalene from plants or synthetic processing, manufacturers are engaged in research & development. A supplier of natural component products for the cosmetics market, Sophim, invested USD 11.94 million to increase its production capacity. Two-thirds of the company's investment is to be made in Spain, where a production facility is planned to be built to treble the amount of squalene that can be extracted from olive oil.

With their antioxidant and anti-aging characteristics, squalene supplements can restore our skin, maintain cholesterol levels, and help in treating inflammation. They provide cells with the oxygen they require for proper metabolism and energy production at the cellular level. These supplements are also known to combat viruses, colds, and infections, thus improving overall health and well-being. With the onset of the COVID-19 pandemic, people have become more conscious about their health and immunity, thus increasing the demand for squalene in the pharmaceutical industry.

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

Squalene Market Report Highlights

• Rising usage of natural chemical-free ingredients in personal care and cosmetics and increased awareness regarding the benefits of squalene for health and body are driving the market
• Europe dominated the global market with a revenue share of over 30.0% in 2021 owing to large olive oil production, which is an important source of squalene
• The plant source segment held a dominant revenue share of over 80.0% in 2021. This is attributed to rising government regulations for protecting marine life
• The personal care and cosmetics segment emerged as the largest end-use segment with a revenue share of over 70.0% in 2021. This can be attributed to the increasing usage of squalene in various personal care products such as bath oils, hair care products, lotions and moisturizers, deodorants, anti-aging creams, eye shadows and liners, balms, sunscreen products, and derma-cleaners
• In the pharmaceutical industry, squalene is widely used for various vaccine and drug delivery emulsions owing to its biocompatibility and stability-enhancing effects. In vaccines, it is used as an oil-in-water emulsion form, coupled with some adjuvants and stimulants of the immune system
• Companies are involved in strategic initiatives such as mergers and new product launches to maintain their market position

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

Squalene Market Segmentation

Grand View Research has segmented the global squalene market based on source, end-use, and region:

Squalene Source Outlook (Volume, Tons; Revenue, USD Million, 2015 - 2030)

• Animal
  • Shark Liver Oil
  • Others
• Plants
  • Amaranth Oil
  • Olive Oil
  • Rice Bran Oil
  • Others
• Synthetic

Squalene End-use Outlook (Volume, Tons; Revenue, USD Million, 2015 - 2030)

• Pharmaceuticals
• Personal Care & Cosmetics
• Nutraceuticals
• Food & Beverages
• Others

Squalene Regional Outlook (Volume, Tons; Revenue, USD Million, 2015 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK.
  • France
  • Italy
  • Spain
  • Russia
  • Portugal
  • Benelux
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Vietnam
  • Thailand
  • Indonesia
  • Philippines
  • Singapore
  • Australia
  • New Zealand
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa

List of Key Players of Squalene Market

• Amyris, Inc.
• SOPHIM
• KISHIMOTO SPECIAL LIVER OIL CO., Ltd.
• Arbee
• Oleicfat
• Aasha-Biochem
• Efpbiotek
• Vestan S.A.
• Henry Lamotte Oils GmbH
• Croda International Plc
• KURARAY 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.

Subscription Billing Management Market Growth in the Coming Years

 Subscription Billing Management Market Growth & Trends

The global subscription billing management market size is expected to reach USD 17.95 billion by 2030, registering a CAGR of 16.1% during the forecast period, according to a new report by Grand View Research Inc. The growing adoption of the billing management and subscription models in utilities, media & entertainment, and the public sector will create more growth opportunities for the subscription billing management industry during the forecast period.

Service providers in these industries are focused on providing high-quality and better solutions to clients. Additionally, the desire to reduce operating expenses and the demand for cloud-based software would further broaden the scope of the market for subscription billing management.

Several subscription billing management service providers also provide periodic bill payments, which can be obtained by attaching the user's debit and credit cards or bank account. This ensures that greater importance is needed on adding a high level of security to each payment process to gain more trust from the customer and avoid financial ramifications in the event of hacking or fraud.

The subscription model is also gaining importance across the travel industry. Travel companies are shifting to this model to offer cheaper travel to frequent travelers and save their time at ticket counters. Major commercial airlines are making efforts to introduce subscription services to boost customer loyalty and retention. For instance, in October 2019, Delta airlines announced the launch of a paid membership option named SkyMiles Select for members of SkyMiles. SkyMiles Select is an annual membership worth USD 59, which provides travelers unlimited priority boarding, a special bag tag, and eight free onboard drinks every year.

The outbreak of the COVID-19 pandemic had a moderately positive impact on the demand for subscription billing management software. Companies worldwide are expected to adapt to new customer norms and new business models. They need to respond to long-term social changes, including how customers select products and channel preferences. Changes in customer behavior are expected to accelerate the need to integrate enhanced digital payment solutions into subscription billing management platforms.

Request a free sample copy or view the report summary: Subscription Billing Management Market Report

Subscription Billing Management Market Report Highlights

• Subscription order management held the largest share in the software segment, as it helps companies in winning new customers by providing subscriptions containing the appropriate mix of products, recurring and one-time services, and third-party content
• Professional services held the largest share in the services segment as they help businesses in installing the software, aligning the software with the existing systems, and operating the software efficiently
• The cloud segment is expected to continue its dominance over the forecast period, as cloud deployment can potentially make the subscription management process more efficient
• Various factors, such as the increasing adoption of cloud-based solutions across the U.S., have resulted in the increased automation of subscription methods in the North American regional market

Access Press Release@ https://www.grandviewresearch.com/press-release/global-subscription-billing-management-market

Subscription Billing Management Market Segmentation

Grand View Research has segmented the global subscription billing management market based on software, services, deployment, enterprise size, end-use, and region:

Subscription Billing Management Software Outlook (Revenue, USD Million, 2017 - 2030)

• Credit And Collection Management
• Receivables Management
• Quote And Pricing Management
• Subscription Order Management
• Dispute Management
• Others

Subscription Billing Management Services Outlook (Revenue, USD Million, 2017 - 2030)

• Professional Services
• Managed Services

Subscription Billing Management Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premise

Subscription Billing Management Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprises
• Small & Medium Enterprises

Subscription Billing Management End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• Retail & E-Commerce
• IT & Telecom
• Media & Entertainment
• Healthcare
• Others

Subscription Billing Management Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa

List of Key Players in the Subscription Billing Management Market

• Aria Systems, Inc.
• Oracle
• BluSynergy
• SAP SE
• Conga
• Recurly, Inc.
• Gotransverse
• cleverbridge
• Zuora Inc.
• LogiSense Corporation

About Grand View Research

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

Artificial Intelligence In Cybersecurity Market With Strong Application and Scope By 2030

 Artificial Intelligence In Cybersecurity Market Growth & Trends

The global artificial intelligence in cybersecurity market size is estimated to reach USD 93.75 billion by 2030, expanding at a CAGR of 24.3% from 2022 to 2030, according to a new study by Grand View Research, Inc. An unprecedented spike in cyber incidents has fostered the demand for AI, cloud, and machine learning for seamless operations, data safety and prompt response to cyber threats. Some factors, such as soaring internet penetration, expanding footfall of connected devices, and escalating data protection concerns, have triggered the need for advanced cybersecurity solutions.

Artificial intelligence (AI) in cybersecurity has leveraged a faster response to breaches and propelled the efficiency of cyber analysts. AI is likely to be sought for vulnerability management, threat hunting, and boosting network security. In doing so, emphasis on natural language processing, machine learning, deep learning, and neural networks could gain ground during the assessment period. For instance, deep learning has become trendier to track transactions, logs, and real-time data to detect threats. AI is highly sought-after to secure cloud services and on-premises architecture and spot abnormal user behavior.

Natural language processing could remain a value proposition to foster the penetration of AI technologies in cyberspace. The trend for natural language inference, sentiment analysis, and text summarization will bode well for major companies gearing to reinforce artificial intelligence in the cybersecurity market share. Prominently, NLP has received impetus for fake news detection, clickbait detection, and rumor detection. Leading companies are likely to bank on NLP to detect malicious language and domain names produced for phishing scams.

Stakeholders predict North America to witness investments galore, on the heels of the high footprint of connected devices, IoT, and 5G. Moreover, the possibility of DDoS attacks and the growing prominence of IoT-enabled activities have prompted major players to bank on cutting-edge technologies to deter cyber incidents. To illustrate, in August 2019, Microsoft was reported to have alleged Russian hackers using IoT devices to breach enterprise networks. Industry participants expect bullish investments in machine learning platforms, threat hunting, and advanced analytics. Besides, Microsoft Security blocked over 35.7 billion phishing and malicious emails and more than 9.6 billion malware threats in 2021.

The competitive landscape alludes to an increased emphasis on organic and inorganic growth strategies, including mergers & acquisitions, product offerings, technological advancements, collaborations, and innovations. For instance, in July 2022, Darktrace rolled out Darktrace PREVENT to assist organizations in pre-empting cyber-attacks. Meanwhile, in August 2022, it was reported that Thoma Bravo was contemplating acquiring Darktrace. In February 2019, BlackBerry completed the acquisition of Cylance to bolster its footprint in AI cybersecurity.

Request a free sample copy or view report summary: Artificial Intelligence In Cybersecurity Market Report

Artificial Intelligence In Cybersecurity Market Highlights

• In terms of type, the cloud security segment will contribute notably toward the global market in the wake of the rising prominence of AI and machine learning
• Based on vertical, the BFSI sector will exhibit profound demand for AI in cybersecurity to resist cyberattacks and prevent data leaks
• North America AI in cybersecurity market share will be pronounced due to threats to mobile devices and soaring penetration of IoT and 5G in the region
• Some major players, such as IBM Corporation, Cylance Inc. (BlackBerry), Acalvio Technologies, Inc, Intel Corporation, Amazon Web Services, Inc., FireEye, Inc., LexisNexis, Fortinet, Inc., Micron Technology, Inc., and Darktrace are poised to boost their portfolios in the coming years

Access Press Release@ https://www.grandviewresearch.com/press-release/global-artificial-intelligence-cybersecurity-market

Artificial Intelligence In Cybersecurity Market Segmentation

Grand view research has segmented the global artificial intelligence in cybersecurity market in terms of type, offering, technology, application, vertical, and region:

AI In Cybersecurity Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Network Security
• Endpoint Security
• Application Security
• Cloud Security

AI In Cybersecurity Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Services

AI In Cybersecurity Technology Outlook (Revenue, USD Billion, 2017 - 2030)

• Machine Learning
• Natural Language Processing (NLP)
• Context-aware computing

AI In Cybersecurity Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Identity And Access Management
• Risk And Compliance Management
• Data Loss Prevention
• Unified Threat Management
• Fraud Detection/Anti-Fraud
• Threat Intelligence
• Others

AI In Cybersecurity Vertical Outlook (Revenue, USD Billion, 2017 - 2030)

• BFSI
• Retail
• Government & Defense
• Manufacturing
• Enterprise
• Healthcare
• Automotive & Transportation
• Others

AI In Cybersecurity Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
• South America
  • Brazil
• Middle East and Africa (MEA)

List of Key Players of Artificial Intelligence In Cybersecurity Market

• Acalvio Technologies, Inc
• Amazon Web Services, Inc.
• Cylance Inc. (BlackBerry)
• Darktrace
• FireEye, Inc.
• Fortinet, Inc.
• IBM Corporation
• Intel Corporation
• LexisNexis
• Micron Technology, 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.