Ultra High Purity Silicon Carbide Market Set to Record Exponential Growth by 2027: Grand View Research Inc.

 Ultra High Purity Silicon Carbide Market Growth & Trends

The global ultra high purity silicon carbide market size is expected to reach USD 79.0 million by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 14.8% from 2020 to 2027. The rising penetration of electric vehicles and the growth of the renewable energy sector are projected to provide growth opportunities to market vendors.

Power supplies and photovoltaic inverters are among the significant application areas of silicon carbide (SiC) semiconductors. Moreover, SiC power electronics are adopted in electric vehicle charging products, wind energy infrastructure, and industrial motor drives. Thus, the demand for electric vehicles is expected to boost the growth of ultra-high purity silicon carbide semiconductors. The growing utilization of renewable sources of energy for power generation around the globe is anticipated to drive the market for SiC power semiconductors.

The development of emerging technologies, such as quantum computing, artificial intelligence, and 5G technology, is also anticipated to provide new opportunities for market vendors. Increasing penetration of these technologies, particularly in the U.S., is likely to remain a key factor contributing to the market growth. Companies in the U.S. have invested large sums in these technologies, thereby positively impacting the development of semiconductors required for artificial intelligence, supercomputers, and data centers. For instance, R&D investments in the U.S. semiconductor industry have increased at a CAGR of 6.6% from 1999 to 2019. In the U.S., R&D investments for 2019 amounted to USD 39.8 billion, which was around 17% of its sales, the highest among all the countries.

The increasing demand for light-emitting diodes (LEDs) is another key factor projected to fuel market growth over the coming years. Ultra-high purity silicon carbide is used to remove the impurities in LEDs. The LED lighting market is anticipated to register a growth rate of 13.4% from 2020 to 2027 owing to the decline in prices, stringent regulations related to lighting technologies, and efforts taken by various governments in the direction of sustainable development.

Companies in South Korea are involved in the development of silicon carbide technology, which is projected to remain a key driving factor in the long term. For instance, POSCO, one of the leading steel manufacturers in the globe, invested 10 years in the development of SiC single-crystal. In this project, POSCO is working on the development of 150-mm and 100-mm SiC substrate technology, which is close to commercialization. Another manufacturer SK Corporation (SKC) is likely to commercialize 150-mm SiC wafers.

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Ultra High Purity Silicon Carbide Market Report Highlights

• In terms of both revenue and volume, semiconductor was the largest application segment in 2019. The growth of the segment is attributed to rising requirements of the increasing middle-class population, and thus indirect demand for electronics
• By application, LEDs are projected to expand at the fastest CAGR of 15.6% in terms of revenue from 2020 to 2027. Increasing awareness regarding global warming has created a positive impact on the demand for LEDs due to their energy efficiency
• The COVID-19 pandemic has created a severe impact on the end-use industries of ultra-high purity silicon carbide (UHPSiC). In terms of volume, demand for UHPSiC is projected to decline by nearly 10% in 2020 from 2019
• Asia Pacific was the largest regional market and accounted for a volume share of 48.0% in 2019. High volume production of electronics and LEDs in China, South Korea, and Taiwan is a key growth factor for the regional market

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Ultra High Purity Silicon Carbide Market Segmentation

Grand View Research has segmented the global ultra high purity silicon carbide market on the basis of application and region:

Ultra High Purity Silicon Carbide Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

• Semiconductors
• LEDs
• Others

Ultra High Purity Silicon Carbide Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

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

List of Key Players of Ultra High Purity Silicon Carbide Market

• Washington Mills
• CoorsTek Inc.
• JJISCO Inc.
• Pacific Rundum Co., Ltd.
• American Elements
• LG Innotek

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.

Retail Vending Machine Market to Expand with Significant CAGR During 2022 – 2030: Grand View Research Inc.

 Retail Vending Machine Market Growth & Trends

The global retail vending machine market size is expected to reach USD 129.40 billion by 2030, registering a CAGR of 10.7% over the forecast period, according to a new report by Grand View Research, Inc. The industry growth can also be attributed to the ability of these machines to deliver goods quickly, making it an extremely convenient option for consumers. Vending machine sales appear to be a potential means of food and beverage distribution, as these machines can sell various consumables, such as cigarettes and lottery tickets, in addition to snacks and beverages. As a result, vending machine operators can create high revenue by strategically installing them in corporate buildings, schools, malls, train stations, and airports, among other locations.

In recent years, IoT technology has provided vending machine operators with the opportunity to improve their businesses by tracking products and assessing what is popular in machines. By tracking stocks through connected devices, vending machine operators can be instantly alerted about low stock levels in their vending machines, which may ultimately reduce expenses and improve customer service. According to Sigfox, the noticeable use of IoT in the vending industry is in plug-and-play smart button devices that attach to machines, enabling individuals to contact facility management instantly. By payment mode, cashless payment technology is expected to witness tremendous growth as it goes hand in hand with payment security.

Although data breaches & scams have impeded the convenience of using a debit/credit card, vending machine operators are working with certain financial institutions to implement the strictest security measures to protect both customers and operators. Operators are adopting various strategies to maximize profit by being at the right location with the right products, sourcing products in bulk, investing in intelligent vending machines to gain consumer insights, and other ways. For instance, hot food and sandwich vending machines may do well in business environments, universities, and schools, while, in most public locations, hot drinks like coffee, tea, and hot chocolate have high demand. Industry players face intense competition from each other, as some of them operate at several locations and have large customer bases. The presence of many small-scale players is also leading to increased competition.

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Retail Vending Machine Market Report Highlights

• North America accounted for the highest market share in 2021. This region is projected to register a significant CAGR over the forecast period
• The rapid rise of self-service technology in this region has created new business avenues for vending machines. Thus, several operators are focusing on launching their businesses in strategic locations across the region
• The cashless payment segment is estimated to register the fastest CAGR from 2022 to 2030 as this payment method offers convenience and logistical solutions
• Moreover, handling cash in vending machines is a costly process for operators, in terms of time spent collecting and counting money and losses incurred through vandalism and theft
• The office segment is likely to remain at the forefront throughout the forecast period. Vending machines are installed in workplaces to offer employees a convenient, affordable, and quick option for buying food

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Retail Vending Machine Market Segmentation

Grand View Research has segmented the global retail vending machine market based on type, payment mode, application, and region:

Retail Vending Machine Type Outlook (Revenue, USD Million, 2017 - 2030)

• Food
• Beverage
• Games/Amusement
• Tobacco
• Candy & Confectionery
• Beauty & Personal Care
• Ticket
• Others (Ice-cream Vending Machines, Pharmacy, Vending Machine, etc.)

Retail Vending Machine Payment Mode Outlook (Revenue, USD Million, 2017 - 2030)

• Cash
• Cashless

Retail Vending Machine Application Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial Places
• Offices
• Public Places
• Others

Retail Vending Machine Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Retail Vending Machine Market

• Azkoyen Group
• Cantaloupe Systems
• Westomatic Vending Services Limited
• Royal Vendors, Inc.
• Glory Ltd.
• Sanden Holding Corp.
• Seaga Manufacturing Inc.
• Orasesta S.p.A
• Sellmat s.r.l.
• Fuji Electric 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.

Small Molecule Innovator CDMO Market Strong Application and Emerging Trends also Scope by 2030: Grand View Research Inc.

 Small Molecule Innovator CDMO Market Growth & Trends

The global small molecule innovator CDMO market size is expected to reach USD 74.9 billion by 2030, expanding at 6.21% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. There is a growing interest among pharmaceutical companies in outsourcing to support core competencies such as sales, marketing, and others, due to associated cost savings. Furthermore, outsourcing enables companies to further progress core competencies such as drug development and manufacturing activities. Hence, expansions by small molecule CDMOs in recent years promise major support for the market growth in the upcoming years.

Small molecules continue to play an important role in the development of new treatments globally. Specialty medicines are increasingly driving global pharmaceutical manufacturing growth, particularly in developed markets with small molecule application accounting for over half of specialty sales. The application of small molecules are becoming increasingly complex.

Small Molecule Innovator CDMO Market Report Scope

Report Attribute	Details
Market Size value in 2023	USD 48.6 billion
Revenue forecast in 2030	USD 74.9 billion
Growth Rate	CAGR of 6.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

The majority of solutions in the regulatory approval pipeline are made up of poorly soluble compounds that would require enabling technology to progress to clinical trials and beyond. As therapy targets and focus areas become more specific, creating target product profiles has become increasingly difficult. Failure to achieve appropriate bioavailability is an additional stumbling block in the development of many new chemical entities. These factors are expected to support the overall market growth.

The geriatric population is expected to witness a surge in the coming years. For instance, the WHO estimates that there will be more than 2 billion people aged 60 and over by 2050. This would create a lot of opportunities for the development of new small-molecule drugs, which is expected to support the market growth in the post-pandemic period.

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Small Molecule Innovator CDMO Market Report Highlights

• The small molecule API segment is anticipated to register the fastest CAGR of 6.7% over the forecast period. This growth can primarily be attributed to the high approval rate of NME small molecules by regulatory agencies
• The clinical stage segment dominated the market with 55.1% of the revenue share in 2022. CDMOs offer specialized expertise, time-saving, and cost-efficiency during clinical procedures. This is expected to augment the segmental growth over the forecast period
• Based on customer type, the pharmaceutical companies segment held the largest share of 93.9% in 2022. The growing focus on pharmaceutical companies to focus on core competencies, such as sales and adoption of expansion strategies by CDMOs for manufacturing small molecule drugs, are promoting the segment’s market growth
• The oncology segment dominated the market with 41.8% of the revenue share in 2022, and it is anticipated to register the fastest CAGR of over 7.0% over the forecast period. A significant number of oncology drugs in the regulatory approval pipeline is one of the major factors supporting the segment’s growth
• Asia Pacific is anticipated to register the fastest CAGR of 7.2% over the forecast period. Due to significantly cheaper manufacturing costs than in North America & Europe and favorable regulations guiding innovation

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Small Molecule Innovator CDMO Market Segmentation

Grand View Research has segmented the global small molecule innovator CDMO market based on product, stage type, customer type, therapeutic area, and region:

Small Molecule Innovator CDMO Product Outlook (Revenue, USD Million, 2018 - 2030)

• Small Molecule API
• Small Molecule Drug Product
  • Oral solid dose
  • Semi-Solid Dose
  • Liquid Dose
  • Others

Small Molecule Innovator CDMO Stage Type Outlook (Revenue, USD Million, 2018 - 2030)

• Preclinical
• Clinical
  • Phase I
    • Small
    • Medium
    • Large
  • Phase II
    • Small
    • Medium
    • Large
  • Phase III
    • Small
    • Medium
    • Large
  • Commercial

Small Molecule Innovator CDMO Customer Type Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical
  • Small
  • Medium
  • Large
• Biotechnology

Small Molecule Innovator CDMO Therapeutic Area Outlook (Revenue, USD Million, 2018 - 2030)

• Cardiovascular disease
• Oncology
• Respiratory disorders
• Neurology
• Metabolic disorders
• Infectious disease
• Others

Small Molecule Innovator CDMO Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Small Molecule Innovator CDMO Market

• Piramal Pharma Solutions
• CordenPharma International
• Wuxi AppTec
• Cambrex Corporation
• Recipharm AB
• Pantheon (Thermo Fisher Scientific)
• Lonza
• Catalent Inc.
• Siegfried Holding AG
• Boehringer Ingelheim
• Labcorp Drug Development

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.

Sweeteners Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2030

 

Sweeteners Market Growth & Trends

The global sweeteners market size is expected to reach USD 97.57 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.4% from 2022 to 2030. The growing application of sweeteners in the food and beverage industry across the globe is driving the market. Further, the growing prevalence of diseases associated with high sugar consumption has increased the demand for low- or no-calorie sweeteners such as high-intensity sweeteners.

Increasing health consciousness among consumers in emerging economies is expected to accelerate the market growth during the forecast period. The growth of honey and artificial sweeteners is majorly attributed to rising health consciousness among consumers to encourage healthier and more nutritious food around the globe. In addition to this, the rising inclination towards natural products is propelling the growth of the market.

Increasing frequency of diseases occurring due to unhealthy lifestyles has resulted in the growing demand for nutrient-rich food, which is anticipated to drive the market over the forecast period. Low-calorie sweeteners such as high-intensity sweeteners, polyol sweeteners, and rare sugar are anticipated to witness substantial growth over the forecast period owing to their increasing applications and health benefits.

The growing prevalence of diseases associated with high sugar consumption has increased the demand for low- or no-calorie sweeteners. Low-calorie sweeteners contain very few calories but have a high intensity of sweetness per gram than high-calorie sweeteners such as table sugar, fruit juice concentrates, and corn syrup. They are widely used in various beverages and foods such as frozen desserts, yogurt, candies, baked goods, chewing gum, breakfast cereals, gelatins, and puddings.

Rising awareness regarding obesity and cardiovascular diseases is expected to limit the demand for fatty foods and food with added high fructose corn syrup (HFCS) and sucrose, which are considered high-calorie sweeteners. This factor is anticipated to positively support the growth of high-intensity sweeteners such as stevia, aspartame, and fat replacers such as whey protein and starch.

Europe is witnessing an increased demand for cakes, pastries, bread-based products, and beverages, which is driving the demand for sweeteners. Further, increasing health-conscious population is expected to support sales of healthy food and beverages, along with healthy sweeteners in Europe. According to the British Soft Drinks Association, low-/no-calorie drinks held a share of 68.6% of the total sales of soft drinks in the U.K. in 2020. Low-calorie food and beverages are gaining popularity in the region, thus contributing to the growth of the market for high-intensity sweeteners, fat replacements, and flavor enhancers.

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Sweeteners Market Report Highlights

• The sucrose type segment led the market in 2021 owing to its wide application in the food & beverages, pharmaceuticals, cosmetics, and personal care products industries, easy availability, and low costs
• The liquid form segment is expected to grow at a lucrative rate of 2.9% over the forecast period as the liquid form offers more solubility and flexibility for use in different applications such as food & beverages, pharmaceuticals, and personal care and cosmetics
• Asia Pacific dominated the market with a share of over 30.0% in 2021. The increasing application of sweeteners in various food products in economies such as China and India is a key factor contributing to the growth of the food and beverage industry in the region

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

Sweeteners Market Segmentation

Grand View Research has segmented the global sweeteners market based on type, form, application, and region:

Sweeteners Type Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Sucrose
• High-Fructose Corn Syrup
• Polyol Sweeteners/Sugar Alcohols
  • Sorbitol
  • Xylitol
  • Mannitol
  • Maltitol
  • Isomalt
  • Erythritol
  • Lyxitol
  • Others
• High Intensity Sweeteners
  • Aspartame
  • Sucralose
  • Saccharin
  • Cyclamates
  • Acesulfame Potassium (Ace- K)
  • Stevia
  • Monk Fruit (Luo Han Guo)
  • Brazzein
  • Others
• Allulose
• Tagatose
• Cambya
• Others

Sweeteners Form Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Solid
• Liquid

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

• Bakery & Confectionery
• Beverages
• Dairy & Frozen Desserts
• Pharmaceuticals
• Others

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

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

List of Key Players of Sweeteners Market

• ADM
• Ingredion
• Cargill, Incorporated
• Roquette Frères
• Tate & Lyle
• Foodchem International Corporation
• PureCircle
• Pyure Brands LLC
• Beeyond the Hive
• Dabur India Ltd.
• Kerry Group plc
• Ajinomoto Co., Inc.
• International Flavors & Fragrances Inc.
• DFI Corporation
• Nascent Health Sciences, LLC

About Grand View Research

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

Decentralized Finance Market Set to Surge Significantly During 2023-2030: Grand View Research Inc.

 Decentralized Finance Market Growth & Trends

The global decentralized finance market size is expected to reach USD 231.19 billion by 2030, expanding at a CAGR of 46.0% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The Decentralized Finance (DeFi) market is experiencing significant growth in terms of revenue attributed to the rapid technological advancements and continuous innovation within the crypto industry. In addition, the market's expansion is propelled by the high level of transparency and real-time settlement capabilities offered by DeFi networks.

In April 2023, Life DeFi, a prominent decentralized finance ecosystem, unveiled its latest collaboration with a Web3 infrastructure provider, Validation Cloud. This strategic partnership aims to empower retail users by enabling them to easily stake their digital assets directly from the Life DeFi Wallet mobile applications. Leveraging the robust validator nodes offered by Validation Cloud, this collaboration ensures a seamless, trustworthy, and secure staking experience for users of the Life DeFi platform.

The rise of Decentralized Finance (DeFi) will create new business opportunities for traditional banks and other financial service providers in the coming years. As the use cases for decentralized finance expand and gain traction, financial institutions will have the potential to integrate comprehensive solutions. This could include offering asset securitization and financing to institutional clients within decentralized finance protocols. Furthermore, financial firms may develop specialized services tailored for Web 3.0 enterprises and entrepreneurs, such as compliance solutions, risk management, or insurance underwriting for DeFi protocols.

During the COVID-19 pandemic, the emergence of decentralized finance platforms gained significant attention as investors sought higher yields amidst historically low-interest rates. These platforms provide services comparable to traditional financial institutions but with less regulatory oversight, making them appealing to investors during the pandemic. One of the key advantages of DeFi is its decentralized nature, devoid of any central authority, which is expected to unlock new possibilities and opportunities for the market.

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Decentralized Finance Market Report Highlights

• The smart contracts segment is anticipated to witness significant growth over the forecast period. Decentralized contracts offer a range of benefits, including transparency, which is inherent in the nature of blockchain technology. Smart contracts, being an integral part of the blockchain, operate with built-in enforcement mechanisms where every transaction and action is recorded and accessible to the public
• The payments segment is expected to witness the fastest growth over the forecast period. The growth of DeFi can be attributed to its disintermediation feature, which effectively reduces payment transaction costs
• The Asia Pacific regional market is anticipated to witness the fastest growth over the forecast perioddue to its large and tech-savvy population, supportive regulatory frameworks, and established financial centers. These factors create a conducive environment for the region's growth and adoption of DeFi solutions

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Decentralized Finance Market Segmentation

Grand View Research has segmented the global Decentralized Finance (DeFi) market based on component, application, and region:

Decentralized Finance Component Outlook (Revenue, USD Million, 2020 - 2030)

• Blockchain Technology
• Decentralized Applications (dApps)
• Smart Contracts

Decentralized Finance Application Outlook (Revenue, USD Million, 2020 - 2030)

• Assets Tokenization
• Compliance & Identity
• Marketplaces & Liquidity
• Payments
• Data & Analytics
• Decentralized Exchanges
• Prediction Industry
• Stablecoins
• Others

Decentralized Finance Regional Outlook (Revenue, USD Million, 2020 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • Kingdom of Saudi Arabia (KSA)
  • UAE
  • South Africa

List of Key Players of Decentralized Finance Market

• Compound Labs, Inc.
• MakerDAO
• Aave
• Uniswap
• SushiSwap
• Curve Finance
• Synthetix
• Balancer
• Bancor Network
• Badger DAO

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.

Natural Extracts Market Poised to Expand at a Robust Pace Over 2028: Grand View Research Inc.

 Natural Extracts Market Growth & Trends

The global natural extracts market size is expected to reach USD 18.95 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.9% from 2021 to 2028. The increasing consumer awareness regarding the benefits of natural products, coupled with the changing lifestyles and the growing consumer disposal income, is fueling the market growth.

The COVID-19 spread across geographies impacted the market by causing supply chain disruptions and industrial shutdowns in 2020. However, it created a significant demand for nutraceutical and pharmaceutical supplements and functional food and beverage products that supported the market growth.

The pharmaceuticals and nutraceuticals application segments are likely to offer prominent opportunities as the demand for naturally healthy and nutritional supplements is increasing. Immunity-boosting supplements are expected to favor the market growth, especially post the COVID-19 impact. Essential oils are expected to witness considerable growth in the forecast period owing to their demand in the flavors and fragrances application. Global adoption of aromatherapy as a stress-releasing and relaxing activity is likely to boost product sales in the near future. Europe accounted for the largest revenue share in 2020.

The market is likely to witness lucrative opportunities from other applications, such as cleaning formulations, disinfectants, and mosquito repellents. Lemon, clove, peppermint, bergamot, cinnamon, cilantro, orange, lavender, lime, and melaleuca are some of the popularly used essential oils in cleaning and home applications. These oils help break down toxins, clean and purify the air, support healthy respiratory function, and relieve seasonal discomfort. Tea tree and eucalyptus essential oils are widely used for bathroom cleaning applications owing to their antifungal and antibacterial properties, which are effective in controlling the spread of staph germs, influenza, and pneumonia. Thyme oil is used in kitchen cleaners owing to its antiseptic and antibacterial properties, thus enabling the control of bacteria.

The highest natural extracts demand has been witnessed in Europe and North America from the food and beverage and personal care and cosmetics application segments, mainly in the form of flavors and fragrances. The expanding markets of India and China in the Asia Pacific region are likely to promote market growth in terms of raw material availability, economical manufacturing, and emerging application markets in the countries.

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Natural Extracts Market Report Highlights

• The dried crops product segment held the largest revenue share of almost 40.0% in 2020 and is expected to dominate the market over the forecast period due to the rising demand for dried crops in various end-use industries
• The essential oils product segment is expected to witness considerable growth from 2021 to 2028 owing to their applications in flavors, fragrances, and aromatherapy
• In terms of revenue, the nutraceuticals application segment is anticipated to grow at the fastest rate of 9.4% over the forecast period
• Manufacturers focus on R&D initiatives to offer new and better products to the customers. Companies develop partnerships with other manufacturers to manufacture potential products to meet the specific demands of the customers
• The market has been characterized as a fragmented market as it includes several players operating in the market at the global and regional levels

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Natural Extracts Market Segmentation

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

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

• Essential Oils
  • Turmeric Oil
  • Ginger Oil
  • Peppermint Oil
  • Davana Oil
  • Cedarwood
  • Cornmint
  • Eucalyptus
  • Lemon
  • Lime
  • Orange
  • Vetiver
  • Tea Tree
  • Patchouli Oil
• Oleoresins
  • Paprika
  • Black Pepper
  • Capsicum
  • Turmeric
  • Ginger
  • Garlic
  • Onion
  • Others
• Herbal Extracts
  • Capsaicin
  • 95% Curcumin
  • Ashwagandha
  • Kale
• Natural Colors
  • Paprika
  • Natural Yellow Color
  • Annatto Color
  • Anthocyanin Color
• Dried Crops
  • Dried Chili Whole
  • Dried Ginger Whole
  • Dried Turmeric Whole

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

• Personal Care & Cosmetics
• Food & Beverage
• Animal Feed
• Pharmaceuticals
• Nutraceuticals
• Others

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

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

 List of Key Players of Natural Extracts Market

• Symrise
• Indesso Aroma
• Kancor
• Synthite Industries Ltd.
• com
• Vidya Herbs
• Plant Lipids
• Ransom Naturals Ltd.
• India Essential Oils
• A. G. Industries
• Flavex Naturextrakte GmbH
• Arjuna Natural Pvt. Ltd.
• Firmenich SA
• Robertet Group
• Sami Spices
• Falcon
• Blue Sky Botanics
• doTERRA
• Naturex
• OmniActive Health Technologies

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.

Home Textile Market Top Players, Segments, Cost Structure, Demand, Sales | 2030 Forecast

 Home Textile Market Growth & Trends

The global home textile market size is expected to reach USD 185.97 billion by 2030, expanding at 5.7% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The home textile & bedding industry is in a state of flux. Shifting retail models, along with changing consumer preferences, encourages manufacturers to continuously implement new strategies to combat challenges. The overall business arena is undergoing a disruption owing to the rapid adoption of online retailing.

Organic fiber-based materials have witnessed an increased demand over the years. Several consumers have been showing a preference for organic cotton as well as for certifications such as Oeko-Tex, which ensure that no toxic chemicals are used while manufacturing the product. In January 2021, Mitchell Gold + Bob Williams launched its first exclusive bedding line, and the collection comprises of an array of textures and subtle colors. Every piece in the line has Oeko-Tex Certification. Thus, organic and natural products that are eco-friendly, as well as toxin-free, have been gaining traction.

Manufacturers, to produce quality products, have been using the most modern technologies and are thus, continuously updating their manufacturing facilities. The manufacturing of home textile products can be initiated with low-to-medium capital investment and thus, a plethora of manufacturers have entered the picture. With the changes in consumer buying behavior, high-end products have also been experiencing traffic.

The e-commerce market is expected to progress at a faster rate than the offline market in the coming years. The concept of the bed-in-a-box has been gaining popularity among consumers, which is expected to contribute to the growth of online distribution channels over the forecast period. Benefits such as convenient and hassle-free purchasing, free delivery by many companies, and the availability of a wide variety of products to suit everybody’s size and sleeping style have significantly contributed to the popularity of this trend.

Manufacturers and retailers in the industry have been leveraging all consumer touchpoints to move consumers beyond replenishment and inspire them to purchase new products, which has resulted in the collaboration and coordination of hundreds of workers at multiple companies around the globe. This complex and tightly interconnected network can have significant implications on the price, quality, and availability of products that customers ultimately see at the end of the supply chain.

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Home Textile Market Report Highlights

• Home textile products, including bed linen, made using natural fabrics have been in demand for a decade now. However, the demand for natural materials has seen significant growth since the pandemic and is expected to increase further in the future. For bed linens, Scandinavian designs in naturally grown fabric materials and stripped-down styles have been trending in 2022. Most designer magazines featuring home decorhighlight Scandinavian influence on bed linens, as they create light-and-bright bedrooms with an airy aesthetic while offering a superior feel and comfort owing to the incorporation of natural fabric
• Shifting retail models along with changing consumer preferences push manufacturers to continuously form new strategies to combat the challenges. Manufacturers have been focusing on automating manufacturing plants and engaging in constant product innovation to launch products that provide better solutions to users
• Companies in the North America home textiles have been implementing various corporate strategies to achieve instant inorganic growth, with partnerships being one of the most vital strategies. For instance, in December 2020, WestPoint Home, Inc., partnered with asthma and allergy expert Robin Wilson to develop bedding and bath collections under the Clean Design Home x Martex brand. The assortment includes sheets, comforters, towels, and utility bedding

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Home Textile Market Segmentation

Grand View Research has segmented the global home textile market based on products, material, distribution channel, and region:

Home Textile Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Bedroom Linen
• Bathroom Linen
• Carpets and Floor Coverings
• Kitchen Linen
• Curtains and Drapes

Home Textile Material Outlook (Revenue, USD Billion, 2017 - 2030)

• Polyester
• Cotton
• Silk
• Wool
• Others (hemp, jute, etc.)

Home Textile Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Offline
  • Supermarket/ Hypermarket
  • Specialty Stores
  • Others
• Online

Home Textile Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players in the Home Textile Market

• Welspun Group
• Springs Global
• New Sega Home Textiles
• Ralph Lauren Corporation
• Shenzhen Fuanna
• Trident Group
• Marvic Textiles
• Shanghai Hometex, Honsun
• Hunan Mendale Hometextile Company Ltd.
• LLC Honsun Home Textile

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.

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

 Battery Cooling Plate Market Growth & Trends

The global battery cooling plate market size is expected to reach USD 5.01 billion by 2030, growing at a CAGR of 37.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for electric vehicles (EVs) because of the ongoing decarbonization efforts and green energy initiatives is anticipated to be the key driver for market growth during the forecast period.

Battery electric vehicles (BEV) are anticipated to drive volume demand in the market. The BEVs use a battery pack to store electrical energy to power their motors. Battery cooling plates are widely utilized as heat dissipation is extremely important for the safety and optimum performance of the vehicle. The battery cooling plates are mainly used in liquid cooling, a widely used battery thermal management system technology.

The increase in the production of EV batteries is fueling market growth. For instance, as of June 2023, GM and Samsung SDI are building a new EV battery plant worth USD 3 billion in Indiana, U.S., as a joint venture. This will be GM’s fourth battery plant in the U.S. In addition, in May 2023, Hyundai and LG Energy announced a new EV battery plant in the U.S., worth USD 4.3 billion.

Indirect cooling held the largest revenue share of the market in 2022, and it is likely to continue its dominance during the forecast period. Like traditional internal combustion engines, the liquid coolant circulates through a system of pipes embedded into a battery cooling plate. It is the most widely used commercial technology, readily utilized by EVs. There is ongoing R&D to develop more efficient cooling methods.

Asia Pacific held the largest revenue share of the market in 2022 due to the highest volumes sold. Charging infrastructure is being developed at a rapid pace. Various tax incentives are being provided to buyers to encourage purchases. For instance, in June 2023, China offered the EV industry its largest package of tax breaks of USD 72.3 billion for over four years, aiming to boost the slowing auto sales.

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Battery Cooling Plate Market Report Highlights

• Based on process indirect cooling is anticipated to register the fastest CAGR of 37.5%, in terms of revenue, from 2023 to 2030. This cooling type is widely used in electric vehicles(EVs) because of its established technology, widely available coolant liquid, and economical cost
• Based on application, BEV is anticipated to register the fastest CAGR of 42.1% in terms of revenue, during the forecast period. BEVs are purely battery-operated vehicles with zero carbon emissions and attract tax incentives for their production and purchase
• Based on region, Asia Pacific is expected to register the fastest CAGR of 39.2%, in terms of revenue, over the forecast period. Various government initiatives are propelling the growth. For instance, the region is part of the Electric Vehicles Initiative (EVI), a forum to accelerate the adoption of EVs worldwide
• In September 2021, MAHLE GmbH developed a new system for cooling batteries. The immersion cooling technology helps reduce charging time for EVs; thus, batteries can be smaller, resulting in more resource-efficient and low-cost EVs

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

Battery Cooling Plate Market Segmentation

Grand View Research has segmented the global battery cooling plate market based on process, application, and region:

Battery Cooling Plate Process Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Direct Cooling
• Indirect Cooling

Battery Cooling Plate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• BEV
• PHEV

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

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

List of Key Players in the Battery Cooling Plate Market

• Bespoke Composite Panels
• Dana Limited
• Estra Automotive
• KOHSAN Co., Ltd
• MAHLE GmbH
• Modine Manufacturing Company
• Nippon Light Metals
• Priatherm
• SANHUA Automotive

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.

Golf Ball Market Key Players ,Industry Share ,Growth, And Forecast To 2030: Grand View Research Inc.

 Golf Ball Market Growth & Trends

The global golf ball market size is expected to reach USD 1.58 billion by 2030, registering a CAGR of 2.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by the development of golf tourism and technological advancements. Moreover, several golf associations and governments are undertaking initiatives such as organizing workshops, press trips, familiarization trips, and destination conventions as part of their efforts to promote the sport. This is expected to further propel market growth.

Golf ball market is predominantly driven by rise in middle-class population, proliferation of golf tourism, and demand for golf courses worldwide. In recent times, endorsement of golf as a leisure sport is increasing due to the rising disposable income among consumers.

Golf is used not only as an outlet for sport and recreational activities but it has also become a substantial part promoting growth of community and regional infrastructure. For instance, in the Royal Copenhagen Golf Club located inside the Jagersborg Animal Park, apart from playing golf, the golfers can experience horse-riding, jogging, walking, and cycling among other activities of recreation.

It presents a sense of competition and an avenue for physical exercise apart from being a source of entertainment. Factors such as rise in spending capacity and evolving lifestyle among millennials are expected to popularize the sport, which, in turn, is expected to boost growth of the golf ball market.

Golf, as a sport, has witnessed high penetration in Europe and U.S. However, its market penetration in developing countries such as India, Hong Kong, and Singapore is not extensive. In recent years, adoption of golf as a sport as well as a leisure activity is increasing across emerging markets, especially in Asian countries.

Rise in disposable income and improved standard of living with a subsequent emphasis on leisure activities is expected to propel the market growth. However, the golf industry has witnessed a decline in terms of rounds played, adoption, and number of golfers over past few years; especially in countries such as Canada, U.S., and parts of Europe. This decline can be attributed to the declining interest of the youth in the sport, health concerns among elderly golfers, and the long timespan required to complete a single round are. Such factors are expected to hinder the market growth over the forecast period.

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Golf Ball Market Report Highlights

• The 2-piece golf ball segment is expected to expand at the highest CAGR over the forecast period on account of the lower price, greater durability, and reduced spin offered by 2-piece golf balls
• Professional application segment accounted for over 64.3% of the overall market share in terms of revenue in 2022.Golf, as a professional sport, receives sizeable investment capital from governments, golf associations, investors, and other related organizations.
• North America held the leading market share of over 37.9% in 2022, owing to the presence of maximum number of golf courses and major professional tournaments.

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Golf Ball Market Segmentation

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

Golf Ball Product Outlook (Revenue in USD Million, 2017 - 2030)

• 2-piece
• 3-piece
• 4-piece

Golf Ball Application Outlook (Revenue in USD Million, 2017 - 2030)

• Leisure
• Professional

Golf Ball Regional Outlook (Revenue in USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• ROW
  • Latin America
  • Middle East and Africa

List Of Key Players Golf Ball Market

• Callaway Golf Company.
• Dixon Golf,
• Mizuno Corporation
• Bridgestone Golf, Inc.
• Sumitomo Rubber Industries, Ltd.
• TaylorMade Golf Co.Acushnet Holdings 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.

North America Non-invasive Aesthetic Treatment Market Is Ready To Grow Globally With Phenomenal Trend Diversity by 2028

 North America Non-invasive Aesthetic Treatment Market Growth & Trends

The North America non-invasive aesthetic treatment market size is expected to reach USD 46.07 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.2% from 2021 to 2028. Non-invasive aesthetic treatments are procedures that do not require surgical intervention, have minimal downtime, lower risks of complications, and lower cost of treatment. The market growth is attributed to the rising demand for fillers and injectable including Botox as a result of the increasing target population across the globe. The demand for anti-aging aesthetic solutions that are non-invasive has escalated due to the increasing geriatric population pool.

According to the American Society of Plastic Surgeons (ASPS), high growth was observed in facial rejuvenation procedures, and the number of botulinum toxin type A procedures was the highest, accounting for over 7.7 million injections (Botox, Dysport, Xeomin) in 2019. It was also noted that in 2019, around 4,73,354 botulinum toxin filler procedures were performed on men in the U.S. This indicates that demand for the procedure is rapidly increasing among men.

The U.S is among the top countries to carry out non-invasive aesthetic treatments globally as the acceptance towards advanced procedures is higher in the country. Moreover rising disposable income, superior medical infrastructure, the prevalence of skin conditions, and a large pool of aesthetic professionals are expected to boost the market growth.

In the light of COVID-19, the global non-invasive aesthetic treatment market was hampered as the footfall of patient appointments for aesthetic treatments was temporarily suspended. The American Society of Plastic Surgeons stated that the pandemic reduced the overall uptake of aesthetic treatments; however, it will be the reason for an upsurge in demand for cosmetic procedures in the coming years, which is expected to rise even higher than previous numbers.

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North America Non-invasive Aesthetic Treatment Market Report Highlights

• The injectable segment held the largest market share in 2020 and is also expected to show the highest CAGR over the forecast period. This is mainly due to the wide applications of aesthetic treatment
• The skin rejuvenation segment held a revenue share of 24.0% in 2020 owing to advancements in procedures like photo rejuvenation, deep chemical peel, and laser resurfacing
• On the basis of end-use, the Medspa segment held the largest revenue share of 34.2% in 2020 because medical esthetic centers are owned and governed by licensed physicians, surgeons, estheticians, and nurses
• S dominated the market in 2020, owing to increasing disposable income, high expenditure on healthcare, a large pool of certified professionals, and increased prevalence of skin conditions among the population

Access Press Release@ https://www.grandviewresearch.com/press-release/north-america-non-invasive-aesthetic-treatment-market-analysis

North America Non-invasive Aesthetic Treatment Market Segmentation

Grand View Research has segmented the North America non-invasive aesthetic treatment market on the basis of procedure, end-use, and region:

North America Non-invasive Aesthetic Treatment Procedure Outlook (Revenue, USD Million, 2016 - 2028)

• Injectables
  • Botulinum Toxin
  • Calcium Hydroxylapatite
  • Hyaluronic Acid
  • Polymer Filler
  • Collagen
• Skin Rejuvenation
  • Chemical Peel
  • Laser Skin Resurfacing
  • Photo rejuvenation
• Others
  • Hair Removal
  • Nonsurgical Fat Reduction
  • Sclerotherapy
  • Cellulite Treatment

North America Non-invasive Aesthetic Treatment End-use Outlook (Revenue, USD Million, 2016 - 2028)

• Hospital/Surgery Center
• Medspa
• Traditional Spa
• HCP owned clinic

North America Non-invasive Aesthetic Treatment Regional Outlook (Revenue, USD Million, 2016 - 2028)

• North America
  • US.
  • Canada

List of Key Players of North America Non-invasive Aesthetic Treatment Market

• Toronto Cosmetic Clinic (TCC)
• The Cosmetic Clinic
• Skinovative of Gilbert-Medical Spa
• Shea Aesthetic Clinic
• Chapter Aesthetic Studio
• AnewSkin Medspa
• The Ottawa Skin Clinic
• Manhattan Aesthetics
• Toronto Medical Aesthetics
• Cory Torgerson
• Canada MedLaser, Inc
• SkinRhümMD
• Skin Vitality Medical Clinic
• True MediSpa
• Dermapure

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.