Iron Ore Pellets Market Top Players ,Analysis And Forecast Till 2027: Grand View Research Inc.

 Iron Ore Pellets Market Growth & Trends

The global iron ore pellets market size is expected to reach USD 63.52 billion by 2027, expanding at a CAGR of 3.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. The product demand is predicted to be largely driven by rising steel production in Asia Pacific.

Iron ore pellets are an important source for steel manufacturing. Rapid industrialization and urbanization in emerging economies of Asia Pacific since the past few years have stimulated the production of steel. This has caused a surge in demand for iron ore pellets in the region.

The product is mainly used in captive form by large integrated steel producers. However, there is ample potential for seaborne trade of the product as cross country trade is expected to rise over the coming years owing to rising demand from Asia Pacific and Middle East and Africa.

China dominates the market owing to huge steel production capacity in the country. However, emerging economies such as India, Vietnam, Myanmar, Philippines, and Indonesia are expected to witness significant growth as these countries are posing a significant challenge to the Chinese steel producers owing to their comparatively lower labor costs and supportive government policies.

Major players in the industry include multinational companies such as Vale, Rio Tinto, and BHP Billiton. Rio Tinto surpassed Vale as the leading global supplier of iron ore as well as its pellets in the first quarter of the year 2020 as Vale witnessed a sharp decline in iron ore output due to a deadly dam burst owned by Vale in 2019.

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Iron Ore Pellets Market Report Highlights

• Asia Pacific acquired the largest volume share of 52.3% in 2019. This can be attributed to a large steel production base in China
• By product, direct reduced pellet is anticipated to exhibit the fastest CAGR of 3.8% from 2020 to 2027 in terms of revenue owing to rising penetration of direct reduction production method
• Based on trade, the captive segment dominated the market with a volume share of 70.8% in 2019 owing to a large number of integrated steel plants across the globe
• Middle East and Africa is expected to expand at a significant CAGR of 3.1% from 2020 to 2027 in terms of revenue owing to several economic diversification programs implemented by Middle Eastern and North African countries
• The global market is highly competitive with Vale and Rio Tinto leading in terms of production capacity and market share.

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Iron Ore Pellets Market Segmentation

Grand View Research has segmented the global iron ore pellets market report on the basis of product, trade, and region:

Iron Ore Pellets Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Blast Furnace (BF) Iron Ore Pellet
• Direct Reduced (DR) Iron Ore Pellet

Iron Ore Pellets Trade Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Captive
• Seaborne

Iron Ore Pellets Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Iron Ore Pellets Market

• Vale
• Rio Tinto
• Cleveland-Cliffs
• BHP Billiton
• US Steel
• Fortescue Metals
• ArcelorMittal
• Bahrain Steel
• LKAB
• NMDC Limited

About Grand View Research

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

Lithium Market Report by Opportunity, Demand, Recent Trends, Major Driving Factors and Business Growth Strategies

 Lithium Market Growth & Trends

The global lithium market size is expected to reach USD 18.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.0% from 2022 to 2030. Rising investments in lithium mining and related technologies are projected to remain a key trend in the market. Lithium mining is witnessing rapid growth as its demand is accelerating owing to its application in batteries. The element is found in dry places that require thousands of liters of water for its mining. Considering the rising demand for elements and increasing usage of water required for its extraction, R&D is in place to find better alternative methods. For instance, in February 2020, funding of around USD 20 million by Bill Gates was provided to Lilac Solutions, a lithium mining technology firm located in the U.S.

According to the firm, its ion exchange technology is two times more efficient compared to the current mining process and requires a fraction of time. Lithium recycling is a complex process; however, with the rising penetration of Li-ion batteries, the demand may outpace supply. Therefore, researchers are focusing on extraction and recycling through various new technologies. Lithium compounds are extracted from batteries as per individual methods and stages. The stages are divided into pre-treatment and extraction stages; while extraction is again categorized into hydrometallurgy, pyrometallurgy, and electrochemical extraction. Despite the growing emphasis and development of different recycling technologies, less than 1% of lithium is recycled currently.

Over the last decade, the rise in usage of Li-ion battery storage has led to a decline in their prices by over 80%, leading to enhanced energy storage and paving the way for Electric Vehicles (EVs) to be commercially viable. Government regulations and subsidies are working on expanding clean energy; thus, energy storage systems represent a huge opportunity for investors. However, expensive raw materials required to produce energy storage systems may remain a critical factor for investors. As per the International Energy Agency, new companies in clean energy have attracted significant investments during the COVID-19 pandemic. Early-stage Venture Capital (VC) investments reduced slightly in the first half of 2020. However, these investments recovered quickly, with record investments from the third quarter of 2020.

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Lithium Market Report Highlights

• In terms of revenue, the hydroxide product segment is projected to register the fastest CAGR from 2022 to 2030. The rapid development of battery technologies is projected to remain a key driver for the segment
• Automotive was the largest application segment in 2021. The rising penetration of Electric Vehicles (EVs) along with stringent emission regulations by government bodies is the key focus area for market vendors
• The consumer electronics segment is projected to witness the highest CAGR over the forecast period, in terms of revenue, due to the high demand for electronic products, such as smartphones, tablets, laptops, wearables, portable speakers, and tablets
• Asia Pacific was the largest regional market in 2021, in terms of both volume and revenue. The growth of the region can be attributed to the heavy investments in lithium mining as well as lithium-ion batterytechnologies
• In terms of volume, Europe accounted for the second-largest market share in 2021. The growth of the region is attributable to the rising penetration of EVs and growing concerns about Greenhouse Gas (GHG) emissions

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Lithium Market Segmentation

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

Lithium Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Carbonates
• Hydroxide
• Others

Lithium Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Automotive
• Consumer Electronics
• Grid Storage
• Glass & Ceramics
• Others

Lithium Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Lithium Market

• Albemarle Corporation
• Ganfeng Lithium Co., Ltd.
• SQM S.A.
• Tianqi Lithium Corporation
• Livent Corporation
• Lithium Americas Corp.
• Pilbara Minerals
• Orocobre Limited Pty. Ltd.
• Mineral Resources

About Grand View Research

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

Aluminum Extrusion Market Witness Excellent Revenue Growth During 2024-2030

Aluminum Extrusion Market Growth & Trends

The global aluminum extrusion market size is anticipated to reach USD 146.82 billion by 2030, expanding at a CAGR of 8.2% from 2024 to 2030, according to a new report by Grand View Research, Inc.Growing infrastructure and residential construction activities, particularly in the booming Asia Pacific, Latin America, and MENA regions, are poised to be major growth drivers in the coming years. Rapid urbanization, rising disposable incomes, and population surge are fueling massive investments in infrastructure and construction sectors.

In the budget for 2023 - 2024, the Indian government allocated INR 16,000 crores (~USD 1931.5 million) to develop “sustainable cities of tomorrow”. Such initiatives are anticipated to transform multiple cities in India by improving their infrastructure and mobility and creating urban sustainability. There exists a substantial deficit in infrastructure investment on a global scale, prompting governments worldwide to actively address and reduce this gap. This concerted effort is anticipated to have a positive impact on this market through 2030.

The construction sector’s boom is not the only driver for market expansion. Aluminum's flexibility, strength, and rust resistance make it popular application in automotive industry, especially with the changing dynamics of automotive vehicles. The booming automotive & transportation application segment is expected to drive the demand for aluminum extrusion over the coming years.

Stringent environmental regulations, particularly around carbon emissions, are driving automakers to embrace aluminum over steel. Car manufacturers face a mounting pressure to comply with laws like those from the EPA, CARB, and NHTSA, pushing them to adopt lighter and more fuel-efficient materials. Aluminum extruded parts offer an enticing solution here by significantly reducing vehicle weight, thereby lowering emissions and meeting regulatory requirements. This, in turn, is expected to reduce weight and drive significant demand for aluminum extruded parts.

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Aluminum Extrusion Market Report Highlights

• Shapes dominated the product segment with more than 79.0% revenue share in 2023, owing to excellent malleability properties and rising demand for aluminum shapes in prominent end-use industries
• In terms of product, the rods & bars segment is expected to register a significant CAGR over the forecast period
• Buildings & construction application held the largest revenue share of over 60.0% in 2023. Aluminum extrusion products find a wide range of applications in the construction sector and are anticipated to witness significant demand growth over the forecast period, owing to infrastructural developments
• Increased spending on R&D activities in the automotive industry by leading players has led to a substantial spike in demand for lightweight aluminum parts in electric vehicle segment
• Asia Pacific dominated the market for aluminum extrusion in 2023, owing to factors such as growing construction & automotive industry in this region due to the presence of rapidly developing economies such as China, India, and other Southeast Asian countries
• In November 2023, Norsk Hydro ASA announced an agreement with Watt Electric Vehicles (WEVC), an automotive start-up in the UK, to deliver low-carbon and recycled aluminum extrusion chassis for the latter’s upcoming commercial electric vehicle to be produced from the beginning of 2025

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Aluminum Extrusion Market Segmentation

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

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

• Shapes
• Rods & Bars
• Pipes & Tubes

Aluminum Extrusion Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

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

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

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

List of Key Players in the Aluminum Extrusion Market

• Alupco
• Arconic Corp.
• Bahrain Aluminum Extrusion Company
• Constellium N.V.
• Gulf Extrusions Co. LLC
• Hindalco Industries Ltd.
• Kaiser Aluminum
• Norsk Hydro ASA
• QALEX

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 Copper Foil Market to Incur Considerable Upsurge During 2024 – 2030: Grand View Research Inc.

 Copper Foil Market Growth & Trends

The global copper foil market size is anticipated to reach USD 22.00 billion by 2030 and is anticipated to expand at a CAGR of 11.9% during the forecast period, according to a new report by Grand View Research, Inc. Increasing adoption of renewable energy sources and electric vehicles (EVs), as a part of decarbonization efforts, is projected to fuel the growth of global market for copper foil.

Copper foil functions as the electrical conductor of printed circuit board (PCB). Rising demand for PCBs, due to the aforementioned application of copper foil in them, is likely to play a crucial role in influencing demand for copper foil. PCBs are essential building blocks in electronics manufacturing. As electronic devices become more complex and intelligent, there is an ever-growing demand for PCBs. As a result, rising demand for smart devices is likely to propel growth of the industry.

Use of copper results in reduced carbon emissions and cuts down amount of energy required to generate electricity. There is six times more copper in renewable energy systems than in traditional systems. Hence, growing adoption and transition towards green energy in infrastructure development, such as electric vehicles (EVs) and electricity generation is anticipated to benefit market growth. According to the IEA, the global sales of EVs reached 10.3 million units in 2022 compared to 6.7 million units in 2021 and 3.2 million units in 2020. Global sales are expected to have touched 14.1 million units in 2023; however, actual statistics are yet to be published.

Copper is a commodity that has historically witnessed high price volatility during the historic period of 2018-2022. Fluctuations in prices of copper cathode are expected to have a bearing on the profitability of the producer. Further, hikes in energy prices, supply constraints, and high demand from end-use industries are expected to put pricing pressure on the global market and affect smelter profitability and revenue performances of foil producers over the forecast period. Hence, price volatility of copper is expected to be a significant restraint to the revenue performance of the market.

The market is very competitive, with a strong presence of several large-sized players, such as Nippon Denkai, Ltd., SKC, and Lotte Energy Materials Corporation. Due to growth of end-use applications, players have been investing in increasing their capacities through greenfield projects. For instance, in August 2023, Lotte Energy Materials Corporation announced that it would build a new foil plant in Spain and would be operational in 2025.

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Copper Foil Market Report Highlights

• Based on product, rolled foil held a maximum revenue share of over 55.0% in 2023 and is expected to grow at a significant CAGR over the forecast period due to its high consumption in batteries, solar panels, and IoT-enabled services, among others
• Based on application, batteries segment is expected to grow at a lucrative pace over the forecast period owing to the growing EV industry
• In solar & alternative energy, tin-plated copper foils in combination with acrylic-based pressure-sensitive adhesive tapes, are used in thin-film solar applications. These are solderable, and their usage provides stable electrical performance and is also easy to work with during the solar panel production process
• Asia Pacific dominated the market owing to several countries in region focusing on reducing their carbon emissions by shifting their attention toward the adoption of renewable energy. For instance, according to the International Trade Administration, Taiwan plans to cater to 20% of its energy requirements from renewable sources by 2025. It is expected to harness 20 GW of solar energy by 2025
• In January 2024, Hungary-based Volta Energy Solutions announced its geographic expansion into North American market by building a new battery copper foils plant in Quebec, Canada to cater to a fast-growing EV segment. It is a developer of world's first electrodeposited copper foils for batteries

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Copper Foil Market Segmentation

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

Copper Foil Product Outlook (Revenue, USD Million; 2018 - 2030)

• Electrodeposited
• Rolled

Copper Foil Application Outlook (Revenue, USD Million; 2018 - 2030)

• Circuit Boards
• Batteries
• Electrical Appliances
• Solar & Alternative Energy
• Medical
• Other Applications

Copper Foil Region Outlook (Revenue, USD Million; 2018 - 2030)

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

List of Key Players in the Copper Foil Market

• Chang Chun Group
• Circuit Foils
• Doosan Corporation Electro-Materials
• Furukawa Electric Co., Ltd.
• Lingbao
• Lotte Energy Materials Consumption
• LS Mtron
• Nippon Denkai, Ltd.
• SKC
• UACJ Foil 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.

Limestone Market to Expand at a CAGR of 7.3% Through 2030: Grand View Research Inc.

 Limestone Market Growth & Trends

The global limestone market size is anticipated to reach USD 126.75 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.3% from 2023 to 2030. Rising infrastructural developments in the developing economies of the world are expected to fuel market growth across the forecast period.

Limestone is a sedimentary rock and is rich in calcium carbonate. It has varying amounts of silica, clay, silt, and sand. The rock is known to be used for ample applications across various end-use industries, where building and construction are its major end-user owing to the easy availability of the material and the strength it provides. It finds application as a building material, in cement production, and as aggregates for road base.

Its abundance in nature makes it a preferable option in the construction sector where it is used as blocks, stone cladding on walls, floor paving, tiles, and retaining walls. Characteristics of the mineral include weather-resistant, high strength, the durability of the structure, high structural integrity, versatility, heat conductor, and low cost.

The mineral is gaining preference in countries with the presence of historic structures in terms of restoration. For example, in November 2019, the Public Works Department in Chennai, Tamil Nadu, India, introduced a stone roller yard for grinding sand and limestone for plastering, in an attempt to revive a traditional method of restoring heritage structures.

Accelerating demand for limestone witnessed a decline in 2020 on account of the outbreak of the covid-19 pandemic across the world. The pandemic compelled governments worldwide to impose lockdown and halt all sorts of activities, which drastically impacted the demand for limestone. The countries are striving to slowly regain their stability by offering ease in restrictions.

North America is a hard hit region by pandemic as a large number of cases have been reported in the countries, especially the U.S. However, governments in the region have made an attempt to permit operations, such as construction and manufacturing, to operate at minimal capacity. The resumption in construction activities is anticipated to balance the decline in limestone consumption owing to the spread of coronavirus. For example, in July 2020, a Euro 183 million (USD 209.4 million) contract was granted by the Canadian Province of Alberta’s Ministry of Transportation to the consortium of Vinci and Graham for building the final section of the West Calgary Ring Road Project. Such initiatives are anticipated to prove fruitful for market growth.

The global market is characterized by the presence of established players, which makes competitive rivalry extremely high. Many players are integrated across the value chain in order to gain a competitive edge by benefitting form an integrated supply chain. For instance, LafargeHolcin owns limestone quarries in different parts of the world and utilizes the quarried stone in cement, concrete, and aggregates production. In addition, the company is engaged in providing construction solutions. In May 2020, the company resumed its operations at a limestone mine in Meghalaya's East Khasi Hills, India in order to supply the raw material to its cement plant in Bangladesh.

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Limestone Market Report Highlights

• Asia Pacific is expected to register the fastest CAGR, in terms of revenue, over the forecast period as the region is known for its large production capacity for steel and cement
• China was the largest consumer of limestone in the Asia Pacific in 2022. The Chinese industry is mainly driven by massive demand for cement on account of moderate to high growth in building & construction sector and rising investments in infrastructure
• The chemical end-use segment anticipated registering the highest CAGR of 8.1%, in terms of revenue, during the forecast period. The industry utilizes limestone in a number of ways, including the production of lime, sodium bicarbonate, soda ash, caustic soda, and ammonia
• The iron and steel end-use segment accounted for a volume share of more than 5.0% in 2022. The correction in global steel demand post-pandemic and thus rising crude steel production around the world has benefitted the demand for limestone products.
• The limestone industry has witnessed few mergers & acquisitions in the recent past. The cement-producing companies are focusing on acquisitions of limestone reserves to integrate their operations and to ensure a consistent supply of limestone in the production of cement.

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Limestone Market Segmentation

Grand View Research has segmented the global limestone market on the basis of end-use and region:

Limestone End-Use Outlook (Volume, Kil0tons; Revenue, USD Million; 2018 - 2030)

• Construction
• Iron and Steel
• Agriculture
• Chemical
• Others

Limestone Regional Outlook (Volume, Kil0tons; Revenue, USD Million; 2018 - 2030)

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

List of Key Players of Limestone Market

• CARMEUSE
• CEMEX S.A.B. de C.V
• GCCP Resources Limited
• Imerys
• LafargeHolcim
• Lhoist
• Mineral Technologies Inc.
• Mississippi Lime Company
• National Lime & Stone Company

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.

Cobalt Market Poised to Expand at a Robust Pace of $25.91 Billion Over 2030: Grand View Research Inc.

 Cobalt Market Growth & Trends

The global cobalt market is expected to reach USD 25.91 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.2% over the forecast period. Increasing demand for electric vehicles (EVs) is expected to propel the demand for cobalt in battery applications over the forecast period. The demand for EVs has been increasing rapidly due to concerns about climate change, rising fuel prices, and government incentives. Cobalt is a key component in the production of lithium-ion batteries used in EVs. Based on products, the cobalt oxide segment is expected to register a CAGR of 6.1%, in terms of revenue, over the forecast period. It is used as a colorant in ceramic and glass production, where it imparts a blue color to the final product.

The growing demand for ceramics and glass in various industries, such as construction and electronics, is driving the demand for cobalt oxide. The superalloy application segment is expected to register high growth over the forecast years. A cobalt-based superalloy is known for its high-temperature stability, which makes it suitable for use in high-temperature applications. Thus, its unique combination of physical and chemical properties makes it an ideal material for high-temperature and high-stress applications in the aerospace, energy, and other industries. Based on region, there lies immense opportunity for the market to flourish in Europe. The growth of renewable energy sources, such as wind and solar power, is driving the demand for energy storage systems, which is propelling the production of lithium batteries that use cobalt.

As Europe aims to transition toward a cleaner energy future, the demand for renewable energy storage systems is increasing, thereby driving market growth. For instance, a comprehensive energy law package passed by the German government in April 2022 aims to increase the amount of renewable energy generated in the country by 22,000 MW from solar and 10,000 MW from wind by 2030. The market participants continue to expand their production capacities to stay ahead of the competition. For instance, in February 2023, Eurasian Resources Group announced an investment of USD 1.8 billion for doubling its output of African copper and cobalt processed at a mine near Lubumbashi, the Democratic Republic of Congo. This indicates a high demand and growing competitive rivalry.

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Cobalt Market Report Highlights

• The EVs application segment held the largest revenue share of over 35.0% in 2022 due to factors, including environmental concerns, government policies, technological advancements, cost savings, and increasing consumer demand
• The industrial chemicals segment is expected to register a CAGR of 5.6%, in terms of revenue, over the forecast period. Cobalt oxide is used as a catalyst in a variety of chemical reactions, including the production of chemicals, fuels, and polymers. The expansion in the chemical industry is expected to drive the segment growth
• The cobalt sulfate product segment held the largest revenue share of over 70.0% in 2022, and this trend is expected to continue over the forecast period. The segment growth is attributed to the high product demand from various end-use industries, such as batteries, electroplating, pharmaceuticals, and agriculture
• Asia Pacific is expected to register the fastest CAGR of 6.7%, in terms of revenue, over the forecast period. The increasing demand for EVs, renewable energy storage, consumer electronics, and infrastructure development in Asia Pacific is driving the product demand in the regional market

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Cobalt Market Segmentation

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

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

• Cobalt Sulfate
• Cobalt Oxide
• Cobalt Metal
• Others

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

• Electric Vehicles
• Other Batteries
• Industrial Metals
• Industrial Chemical
• Superalloys

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

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

List of Key Players of Cobalt Market

• China Molybdenum Co., Ltd.
• Eurasian Resources Group
• Freeport-McMoRan
• Glencore
• Huayou Cobalt
• Norilsk Nickel
• Sumitomo Metal Mining Co., Ltd.
• Umicore

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.

Copper Scrap Market to Undertake Strapping Growth By 2030

 Copper Scrap Market Growth & Trends

The global copper scrap market size is anticipated to reach USD 105.90 billion by 2030 and is projected to grow at a CAGR of 8.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing use of renewable energy sources for electricity generation has resulted in technological developments in the wind generation sector. This factor, coupled with rising awareness and emphasis on clean energy and sustainability, is expected to drive the demand for copper in wind energy production. This is set to become the biggest driver for the market over the forecast period.

Further, rising investments in EV manufacturing facilities across the world are expected to positively influence copper usage, consequently benefiting the market growth over the forecast period. For instance, in March 2022, Suzuki Motor Corporation decided to invest USD 1,320.2 million in its manufacturing plant in Gujarat, India. It is also planned to produce 125,000 EVs by 2025. In addition, over past two years, companies such as Daimler, Stellantis, and General Motors invested USD 47.0, 35.0, and 23.0 billion for their EV production facilities, respectively.

Stringent environmental regulations were introduced to mitigate environmental adversities. As a result, scrap dealers are required to obtain a certificate of conformity that indicates scrap yards and businesses comply with waste regulations. Further, Standard Rules SR2015No3 describes metal recycling and waste electrical and electronic equipment authorized treatment facility (ATF) excluding ozone-depleting substances. A license is required for all metal trading and is issued by the local authority. These regulations influence demand for copper scrap and impact market growth.

The European Union has set an ambitious target to become climate-neutral by 2050. Owing to this, the region is witnessing a significant boost in the production of EVs. For instance, in July 2022, Volvo announced an investment of EUR 1.20 billion (USD 1.22 billion) to set up a new manufacturing plant in Slovakia, and the plant is expected to begin production by 2026. Similarly, the rising focus of European countries on sustainable and clean energy generation is propelling the demand for renewable energy like wind and hydro, which is positively impacting copper.

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Copper Scrap Market Report Highlights

• Based on feed material, the old scrap segment led the market with the largest revenue share of 51.6% in 2023. These enter the scrap value chain largely through an unorganized route.Old scrap remains the most predominant supply source of scrap, and this is expected to remain same during the forecast period
• Based on grade, the #2 copper segment held the market with the largest revenue share of 31.6% in 2023, and it is also expected to grow at a significant CAGR over the forecast period, due to its wide availability
• Based on application, the brass mills segment is expected to grow at the lucrative CAGR over the forecast period, owing to high demand from applications such as hardware & plumbing, valves, casings, and decorative items
• Copper is of vital importance in wire & cable applications, and these are key enablers for global market.
• Asia Pacific dominated the market with the revenue share in 2023, owing to factors such as focus on reducing carbon emissions by a shift in attention toward renewable energy, amendments in trade policy, and investments across Asia Pacific region are expected to positively increase copper scrap demand
• In December 2022, AIM Recycling, a Canadian-based scrap recycler entered into a 50:50 JV agreement with Kalischatarra (Kalisch Recycling), a Mexican scrap recycler. This will expand the former’s customer reach in Mexico

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Copper Scrap Market Segmentation

Grand View Research has segmented the copper scrap market report based on feed material, grade, application, end-use, and region:

Copper Scrap Feed Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Old Scrap
• New Scrap

Copper Scrap Grade Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Bare Bright
• #1 Copper Scrap
• #2 Copper Scrap
• Other Grades

Copper Scrap Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Wire Rod Mills
• Brass Mills
• Ingot Makers
• Other Applications

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

• Building & Construction
• Electrical & Electronics
• Industrial Machinery & Equipment
• Transportation Equipment
• Consumer and General Products

Copper Scrap Region Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

List of Key Players in the Copper Scrap Market

• Ames Copper Group
• Aurubis AG
• CMC
• Glencore
• Global Metals & Iron Inc.
• JAIN RESOURCE RECYCLING PVT LTD.
• KGHM METRACO S.A.
• OmniSource, LLC.
• Pascha GmbH.
• Perniagaan Logam Panchavarnam Sdn Bhd
• I.C. Recycling, 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.

Jewelry Market Trends Regulations And Competitive Landscape Outlook to 2030

Jewelry Market Growth & Trends

The global jewelry market size is anticipated to reach USD 482.22 billion by 2030, registering a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The luxury goods industry continues to fuel the growth of the market, amid challenges concerning varying economic trends.

The demand for jewelry is increasing as the world is recovering from a recession and the global financial crisis of 2008. Over the past few years, consumer preference has turned to branded jewelry. This trend is more prominent among the emerging upper-middle class or wealthy consumers, particularly in Asia Pacific, for whom branded jewelry is a status symbol. According to the World Gold Council, India and China accounted for more than 50% of the global gold jewelry demand in 2018.

Most consumers buy jewelry from international or established brands as they offer authentic & trustworthy products and unique designs. E-commerce is another important trend in the industry. Most consumers in this market prefer to research online before purchasing any product, and many make purchases from online portals for convenience.

Technological advancements have been transforming the jewel industry, from mining and discovering precious metals to cloud solutions and e-commerce platforms. Computer-aided design (CAD), 3D printing, and augmented reality (AR) are among the most notable technologies that have been prompting the growth of the industry in recent years. From a distribution standpoint, the emergence and popularity of these technologies have been aiding jewelry manufacturers around the world to realize higher profit margins in retail outlets.

A key trend that has been gripping the jewelry industry over the years is the transformation of the shopping experience using technology. For instance, in June 2017, YOOX NET-A-PORTER GROUP, an Italian online fashion retailer, partnered with Lumyer Inc., a U.S.-based app developing company, to launch an AR camera app designed to enable users to try on jewelry, sunglasses, and handbags in virtual reality.

The rising number of double-income households in emerging economies such as India, China, and Brazil has resulted in increased spending on luxury goods, including jewelry. Spending on luxury products is expanding at a more substantial rate in tier II cities in India than in tier I cities. According to American Express, high-end spending in tier II cities between 2013 and 2018 grew 30 times faster than that in tier I cities. The rise in luxury spending in tier I and tier II cities is due to strict measures by the Indian government, such as the increase in excise duty on gold and diamond, demonetization, and a rise in taxes on luxury items to curb black money.

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Jewelry Market Report Highlights

• The ring jewelry segment contributes the majority of the share to become the largest division in the global revenue in 2023. The segment stood as the most popular product amongst end-users as consumers’ interest is growing in the intricate designs and details of the rings. Moreover, they are perceived as elegant and stylish statement-making jewelry among both the gender men and women which is supporting the growth of the segment.
• The gold material segment is projected to register the fastest growth maintaining its leading position over the forecast period. In 2020, the jewelry industry used over 1,400 metric tons of gold accounting for more than one-third of all gold demand worldwide.
• Asia Pacific held the largest market share in 2023 for the market. Highly populated and developing economies of the region including China and India generate humongous demand for jewelry boosting its consumption and revenue. Additionally, the huge significance of jewelry in Indian culture, improving living standards coupled with rising per capita income and spending power, and the rising influence of social media on consumers is fueling the growth of the market in Asia Pacific.  

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

Jewelry Market Segmentation

Grand View Research has segmented the global jewelry market report on the basis of product, material, distribution channel, end-user and region:

Jewelry Product Outlook (Revenue, USD Million, 2018 - 2030)

• Necklace
• Ring
• Earring
• Bracelet
• Others

Jewelry Material Outlook (Revenue, USD Million, 2018 - 2030)

• Platinum
• Gold
• Diamond
• Others

Jewelry Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Offline Retail Stores
  • Supermarkets & Hypermarkets
  • Jewelry stores
  • Others
• Online Retail Stores

Jewelry End-user Outlook (Revenue, USD Million, 2018 - 2030)

• Men
• Women
• Children

Jewelry Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Jewelry Market

• Tiffany & Co
• Pandora
• Chow Tai Fook
• Louis Vuitton SE
• Richemont
• GRAFF
• Signet Jewelers Limited
• Stern
• Malabar Gold & Diamonds
• Swarovski AG

About Grand View Research

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

Automotive Infotainment Market to Expand at a CAGR of 9.9% Through 2030: Grand View Research Inc.

Automotive Infotainment Market Growth & Trends

The global automotive infotainment market size is expected to reach USD 28.93 billion by 2030 and is anticipated to expand at a CAGR of 9.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising demand for safety features, digital cockpits, self-driving vehicles, and entertainment purposes is driving the demand for the automotive infotainment market. Advances in driver safety software and sensors are playing a niche role in driving the growth of the automotive infotainment systems market. As automotive technology continues to evolve in line with the strong emphasis on driver safety, automakers are incorporating digital monitoring systems (DMS) and ADAS into their automobiles.

Smartphones can be connected to the vehicle's entertainment system using Bluetooth. Modern infotainment systems use HDMI cables, Bluetooth, and USB to send audio and video content to display screens, speakers, and headphones. Bluetooth connectivity allows for advanced functions such as hands-free calling and call record visibility. Furthermore, in March 2023, BMW launched an infotainment system which offers smartphone experience. The updated BMW iDrive infotainment system works on BMW Operating System 8.5, which is based on Linux and can make greater use of the BMW Curved Display. Users can rearrange the various icons on the system's main screen, which has adjustable visuals, similar to a computer or smartphone screen, with the new iDrive update.

Automakers are increasingly offering rear-seat entertainment packages, which can enhance the journey experience for rear-seat passengers. These product offerings include a headrest mount for wireless devices, a headrest with built-in monitors, and portable hard drives with streaming facilities as well as audio devices, such as sound splitter adapters and wireless car headphones. Rear-seat entertainment systems are commonly installed in premium and luxury cars. As the demand for premium cars continues to grow in line with the rising levels of disposable income, the demand for automotive infotainment systems supporting rear-seat entertainment is also growing proportionally the increasing usage of a tablet in cars is particularly encouraging automobile manufacturers to design and develop tablets customized according to consumer and vehicle parameters.

Prominent automobile manufacturers are working closely with software development companies to develop a technologically advanced solution that provides a cutting edge over competitors. For instance, in April 2023, Alps Electric Co., Ltd. signed a long-term agreement with Tata Elxsi, a provider of technology services to develop next-generation vehicle software.

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Automotive Infotainment Market Report Highlights

• The OEM fitted dominated the fit type segment in 2023, owing to its easier serving, low maintenance, and company warranty feature.
• The passenger car led the vehicle type segment in 2023. The increasing demand for technologically advanced features in the passenger vehicles used by the transportation sector is a key contributor to the lion’s share of the segment.
• Asia Pacific dominated the automotive infotainment industry in 2023. This growth can be attributed to factors such as a highly competitive automotive market in the country, which encourages OEMs in the country to focus on providing enhanced customer experience by integrating touchscreen or large-screen infotainment systems 
• In May 2023, Mitsubishi Electric Corporation partnered with Commsignia Ltd., a provider of V2X technology. Through the partnership V2X solution of Commsignia combined with High-Definition Locator (HDL) technology of Mitsubishi to support safety of advanced-driver-assistance systems (ADAS) and autonomous-driving.

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

Automotive Infotainment Market Segmentation

Grand View Research has segmented the global automotive infotainment market on the basis of product type, fit type, vehicle type, and region:

Automotive Infotainment Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Audio Unit
• Display Unit
• Heads-Up Display
• Navigation Unit
• Communication Unit

Automotive Infotainment Fit Type Outlook (Revenue, USD Million, 2018 - 2030)

• OEM Fitted
• Aftermarket

Automotive Infotainment Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)

• Passenger Cars
• Commercial Vehicles

Automotive Infotainment Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Companies in the Automotive Infotainment Market

• Alpine Electronics
• Clarion Co., Ltd.
• Continental AG
• Delphi Automotive PLC
• Denso Corporation
• Harman International
• JVC KENWOOD Corporation
• Panasonic Corporation
• Pioneer Corporation
• Visteon 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.

Healthcare Navigation Platform Market Is Booming Worldwide 2024-2030

 Healthcare Navigation Platform Growth & Trends

The global healthcare navigation platform market size is estimated to reach USD 17.67 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 8.49% from 2024 to 2030. Factors such as the rise in adoption of data-driven technologies,growing emphasis on patient-centric care, and the need for improved navigation platforms for organizations are anticipated to drive market growth in the upcoming years. Moreover, substantial investment requirements and a need for more skilled healthcare IT professionals impede the market's expansion.

Customers consistently seek integrated solutions encompassing various aspects of healthcare navigation, such as health benefits guidance, well-being engagement, care coordination, and advocacy. To cater to this demand, service providers are implementing AI and Machine learning technology to innovate or develop new platforms. For instance, in May 2023, Sharecare launched Sharecare+, its digital-first, precision advocacy solution to scale benefits navigation efficiently and integrated clinical care delivery. The purpose of Sharecare+ is to identify the person’s needs with the help of its expertise in clinical coaching & lifestyle with AI-powered digital capabilities and a robust set of analytics.

Furthermore, the pricing of healthcare navigation services plays a crucial role in market growth. As the growing demand for healthcare navigation services to help people access the care they need is increasing. The service providers are innovating the services, ensuring that these services are accessible and affordable to the organization and their employees. Moreover, the prices vary based on the type of services as per the requirement of a company. For instance, Healthcare Navigation, LLC offers healthcare navigation and advocacy services in three categories, which are as follows: basic, premium, and platinum. The basic prices of the services may start from USD 1,200/individual per year. For premium, the solution is offered at USD 2,000/year for individuals and customized for couples & families, and platinum is offered at USD 4,000/yearly for individuals.

Request a free sample copy or view report summary: Healthcare Navigation Platform Market Report

Healthcare Navigation Platform Market Report Highlights

• In terms of deployment, the cloud-based segment dominated the market share of over 63% in 2023, owing to solutions such as secure storage for patient data, seamless integration with other healthcare systems, and accessibility from anywhere that are offered by platforms, enabling healthcare providers and patients to access and utilize healthcare navigation tools and resources efficiently.
• In terms of end-use, the large enterprises segment dominated the market share in 2023owing to their substantial financial resources, comprehensive employee wellness initiatives, and a strategic focus on leveraging advanced healthcare technologies.
• North America dominated the market for healthcare navigation platforms and accounted for the largest revenue share in 2023. This can be attributed to the investment in streamlined healthcare navigation solutions by organizations in the region and the presence of key healthcare navigation platform players.
• Market players operating in the healthcare navigation platform market include Quantum CorpHealth Pvt Ltd.; Accolade; Transcarent; Included Health, LLC; Sharecare, Inc.; Apree Health; Health Advocate; Health Joy, LLC; Wellframe

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

Healthcare Navigation Platform Market Segmentation

Grand View Research has segmented the healthcare navigation platform market on the basis of deployment, end-use, and region:

Healthcare Navigation Platform Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• On-Premises
• Cloud Based

Healthcare Navigation Platform End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Large Enterprises
• Small and Medium Enterprises (SMEs)

Healthcare Navigation Platform Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Norway
  • Denmark
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Thailand
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players of Healthcare Navigation Platform Market

• Quantum CorpHealth Pvt Ltd.
• Accolade
• Transcarent
• Included Health, LLC
• Sharecare, Inc.
• Apree Health
• Health Advocate
• Health Joy, LLC
• Wellframe

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.