Global Toys And Games Market to Witness Soaring Growth During 2022– 2030: Grand View Research Inc.

 

Toys And Games Market Growth & Trends

The global toys and games market size is anticipated to reach USD 439.91 billion by 2030, registering a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. Sales increased as the pandemic spread. Toy sales increased in 2020, with games & puzzles, dolls & action figures, and outdoor plays being the most popular categories. The use of weather-related items was a big aspect of outdoor activity. Sleds, snow-coloring toys, inflatables, and tools for building snow structures flew off the shelves.Due to the ease of accessibility, a large range of products, and competitive pricing, consumers are increasingly purchasing toys and games through the e-commerce channel.

Furthermore, internet portals assist 24 hours a day, seven days a week, and offer a wide range of products to choose from, as well as substantial discounts on branded products.In addition, families wanted to spread a little extra cheer during the pandemic, thus retailers had a successful holiday season in 2020. Sports toys, such as skateboards and scooters, outperformed fashion dolls and accessories, as well as building sets like Lego. In 2020, due to increased traffic to its website on Black Friday, Lego had to construct a virtual wait for online consumers.Moreover, market players have improvised their offerings during the pandemic by introducing Science, Technology, Engineering, and Math (STEM)-based games and toys.

For instance, an activity desk launched by V-tech includes STEM games. Parents had to resort to home-schooling and opted for STEM-based toys and games.Furthermore, the coronavirus pandemic led to an increased demand for indoor games since children and adults alike were spending more time at home. Asia Pacific dominated the global market in 2021. North America was the second-largest regional market in the same year, while Africa was the smallest regional market.

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Toys And Games Market Report Highlights

• The global market is expected to grow at a CAGR of 4.7% from 2022 to 2030. Children have been more interested in interactive and multi-functional toys and games in recent years, which has had a favorable impact on the market
• Furthermore, with rising consumer spending, the demand for toys, such as action figures, plush toys, puzzles, sports equipment, and pre-school products, is growing
• The electronic games segment accounted for the largest share in 2021 and is expected to expand at a steady CAGR over the forecast period
• Owing to the work-from-home lifestyle adopted across countries, consumers have been substituting their outdoor activities with in-house leisure activities, such as electronic games, video games, and puzzles
• The offline segment accounted for the largest share in 2021 and is estimated to ascend with a steady CAGR over the forecast period
• Increasing product visibility at retail stores is expected to fuel the sales of toys and games through the offline channel segment
• Asia Pacific had the largest market share in 2021 owing to the growing awareness about branded and licensed games and toys

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Toys And Games Market Segmentation

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

Toys & Games Product Outlook (Revenue, USD Billion, 2017 - 2030)

• Electronic Games
• Outdoor & Sport Toys
• Dolls
• Preschool Toys
• Games and Puzzles
• Others

Toys & Games Application Outlook (Revenue, USD Billion, 2017 - 2030)

• Up to 8 Years
• 9 - 15 Years
• 15 Years & Above

Toys & Games Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)

• Offline
• Online

Toys & Games Regional Outlook (Revenue, USD Billion, 2017 - 2030)

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

List of Key Players of Toys And Games Market

• Dream International Limited
• VTech Holdings Ltd.
• The LEGO Group
• Sanrio Company, Ltd.
• Playmates Toys Limited
• JAKKS Pacific, Inc.
• Mattel
• Hasbro
• Konami Holdings Corporation
• Bandai Namco Holdings 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.

Car Wash Services Market Outlook, Leading Manufacturers, Industry Analysis And Forecast: Grand View Research Inc.

 

Car Wash Services Market Growth & Trends

The global car wash services market size is anticipated to reach USD 38.61 billion by 2030, registering a CAGR of 3.1% over the forecast period, according to a new report by Grand View Research, Inc. Consumer preference for professional vehicle wash services over home washing is growing as the on-demand car wash trend continues. A key trend among customers with hectic lifestyles and busy schedules is the shift from ‘do-it-yourself’ to ‘do-it-for-me’. The concept of “all-new, all the time” appears to have driven wash centers’ popularity as automated car washing has become the norm for vehicle owners during the last few decades. In the automobile care industry, new technologies and equipment have improved the wash process, gained market share, and raised client expectations.

In addition, the United States Census Bureau in 2020 estimated that more than 70% of automobile owners in America started using car wash facilities instead of washing their cars at home in the last decade (2011 -2020). Every day, nearly 8 million vehicles are washed in car washes, according to the estimates. Furthermore, technological advancements are transforming the face of on-demand vehicle wash services. The main purpose of improving car wash technology is to reduce friction and manual vehicle preparation time, resulting in cleaner, drier vehicles in less time. Touchless and hybrid car washing are two technologies that are moving the business forward.

The COVID-19 pandemic had a huge impact on the industry. During the peak of the pandemic, most businesses were closed. New York State authorized car washes to resume in late April 2021, but only under severe conditions that limited the number of personnel allowed on site and prohibited in-person payment. Furthermore, the pandemic ushered in several significant improvements in the industry. To make it easier for tech-savvy consumers, car washes have begun to use smartphone apps and online booking systems. Car washes are beginning to take smartphone payments as well. For some clients, not processing virtual wallet payments can be a deal-breaker in an increasingly cashless environment. Car washes that accept more payment methods than a credit card reader attract more clients and grow more quickly.

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Car Wash Services Market Report Highlights

• Professional vehicle washing services are good for the environment as they use two-thirds less water than home car washes
• The roll-over/in-bay segment accounted for the largest share in 2021 and is expected to register a steady CAGR over the forecast period. Less operating costs, less installation area, and low water use are a few of the primary drivers boosting the operator demand for in-bay car washes
• The cashless payment segment accounted for the highest share in 2021 and is estimated to ascend with a significant CAGR over the forecast period
• The market growth is fueled by technological advancements in the banking industry, as well as a rise in the number of car wash providers that accept cashless payments
• North America had the largest market share in 2021. The changing business dynamics in the region, as well as a huge number of strategic alliances between industry competitors, are driving the regional market
• For example, the International Car Wash Group (ICWG) purchased Village Express Car Wash in October 2020. Through this acquisition, ICWG positioned itself for additional growth in the region

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Car Wash Services Market Segmentation

Grand View Research has segmented the global car wash services market on the basis of type, mode of payment, and region:

Car Wash Services Type Outlook (Volume, Billion Transaction; Revenue, USD Billion, 2017 - 2030)

• Tunnels
• Roll-over/In-bay
• Self-service

Car Wash Services Mode of Payment Outlook (Volume, Billion Transaction; Revenue, USD Billion, 2017 - 2030)

• Cash Payment
• Cashless Payment

Car Wash Services Regional Outlook (Volume, Billion Transaction; Revenue, USD Billion, 2017 - 2030)

• North America
  • US.
• Europe
  • Germany
  • UK.
• Asia Pacific
  • Australia
  • China
• Central & South America
  • Brazil
• Middle East & Africa
  • UAE

List of Key Players of Car Wash Services Market

• Splash Car Wash
• Zips Car Wash
• International Car Wash Group (ICWG)
• Autobell Car Wash
• Quick Quack Car Wash
• Super Star Car Wash
• True Blue Car Wash, LLC
• Magic Hands Car Wash
• Hoffman Car Wash
• Wash Depot Holdings 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.

Reusable Water Bottle Market Is Expected To Gain Significant Traction Over The Forecast Period: Grand View Research Inc.

 Reusable Water Bottle Market Growth & Trends

The global reusable water bottle market size is expected to reach USD 12.61 billion by 2030, registering a CAGR of 4.3% over the forecast period, according to a new report by Grand View Research, Inc. Government regulations and the anti-plastic movement are encouraging consumers to switch to disposable water bottles and prompting manufacturers to develop eco-friendly products.Moreover, the extensive use of disposable bottles in sports and public places is discouraged by various campaigns to create awareness among people, which isexpected to promote market growth. Some governments have taken initiatives for the same.

For instance, in February 2019, UNICEF and the Ministry of Education Maldives decided to provide reusable water bottles to all the first graders in the Maldives. In addition, increasing environmental awareness among consumers is likely to remain the fundamental driver for the market. Due to this, the majority of the leading players in the market have adopted new strategies, which are commonly driven by the need to improve the consumer experience.During the COVID-19 pandemic, consumers have been refrained from physical shopping and largely opted for online purchases. This scenario has driven the manufacturers to distribute their products via online channels, promoting the usage of reusable water bottles through the online distribution channel.

For instance, this trend has encouraged many new entrants and existing companies, such as 24Bottles, Friendly Cup, and United Bottles, to drive up sales using online traction. In terms of material type, the plastic segment is expected to register the fastest CAGR from 2022 to 2030. With sustainability becoming a major issue owing to the surge in plastic waste generated by single-use plastic water bottles, several countries like India, Canada, the U.K., and France, have banned single-use plastics and are promoting the reuse and refilling of bottles, which will propel the segment growth.

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Reusable Water Bottle Market Report Highlights

• The plastic segment is projected to register the fastest growth rate during the forecast period. The demand for plastic-based reusable bottles among consumers is increasing owing to the easy availability of a variety of products as a result of the low cost of manufacturing by producers
• The online distribution channel segment is expected to grow at the fastest CAGR during the forecast period
• The increasing availability of a wide range of products of different brandson e-commerce platforms with services, such as free delivery and seasonal discounts,is among the major factors driving the segment
• Asia Pacific accounted for the largest revenue share in 2021due to the high demand for silicone, glass, and metal bottles in the region as a result of thegrowing awareness regarding the negative impact of single-use water bottles on marine life and the environment

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Reusable Water Bottle Market Segmentation

Grand View Research has segmented the global reusable water bottle market on the basis of material type, distribution channel, and region:

Reusable Water Bottle Material Type Outlook (Revenue, USD Million, 2017 - 2030)

• Glass
• Stainless Steel
• Plastic
• Silicon
• Others

Reusable Water Bottle Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

• Specialty Stores
• Convenience Stores
• Supermarkets & Hypermarkets
• Online

Reusable Water Bottle Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Reusable Water Bottle Market

• Tupperware Brands Corp.
• SIGG Switzerland AG, GmbH
• CamelBak Products, LLC
• Klean Kanteen
• Contigo
• Aquasana Inc.
• Hydaway
• Nalgene
• S’well

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 Jewelry Market Increasing in Most Part of World 2030

 Jewelry Market Growth & Trends

The global jewelry market size is expected to reach USD 518.90 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.5% from 2022 to 2030. The luxury goods industry continues to drive the market for jewelry, 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 and 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 have 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 an 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 product segment held the largest revenue share in 2021. 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 men and women, which is supporting the growth of the segment
• The gold material segment is projected to register the fastest growth rate 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 revenue share in 2021. Highly populated and developing economies of the region including China and India generate humongous demand for jewelry boosting its consumption and revenue. Additionally, the high significance of jewelry in Indian culture, improving living standards, rising per capita income and spending power, and the rising influence of social media on consumers are fueling the growth of the market in Asia Pacific

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Jewelry Market Segmentation

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

Jewelry Product Outlook (Revenue, USD Million, 2017 - 2030)

• Necklace
• Ring
• Earring
• Bracelet
• Others

Jewelry Material Outlook (Revenue, USD Million, 2017 - 2030)

• Gold
• Platinum
• Diamond
• Others

Jewelry Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Jewelry Market

• Tiffany & Co.
• Louis Vuitton SE
• Signet Jewelers Limited
• Pandora Jewelry, LLC
• Stern
• Richemont
• Chow Tai Fook Jewellery Group Limited
• Malabar Gold & Diamonds
• SWAROVSKI GROUP
• GRAFF

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.

Europe Clinical Trials Market Industry Analysis , Opportunity Assessment And Forecast Till 2030: Grand View Research Inc.

 Europe Clinical Trials Market Growth & Trends

The Europe clinical trials market size is expected to reach USD 20.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.7% from 2022 to 2030. The rise in technological advancement for clinical trials is one of the key factors driving the market. The growing adoption of new technologies like artificial intelligence, big data analytics, blockchain, clinical trials payments, and patient engagement solutions among others have significantly contributed to the market growth. The COVID-19 pandemic had improved the adoption of virtual clinical trials in the region. Therefore, the growing adoption of new technologies is likely to promote the growth of the market.

The demand for personalized medicines has significantly improved in the region owing to significant research funding for personalized therapies by the European Commission. The aim of various countries in Europe is to collaborate research and health policy to accelerate the adoption of personalized medicine with the formation of the International Consortium for Personalized Medicine, which brings together health research funders and policymaking groups. Such activities are likely to promote market growth. The region suffers from growing disease variation and prevalence. A significant number of people in the region suffer from chronic and rare diseases.

For instance, the European Commission states that approximately 5,000-8,000 distinct rare diseases affect around 6-8% of the European population i.e., between 27 - 36 million. Thus, the high burden of rare diseases is likely to increase the demand for researchers to develop therapeutics for rare diseases. The rising cost associated with research studies has increased the demand for CROs in the region for conducting clinical trials. The partnership agreement between pharmaceutical companies and CROs is likely to promote market growth.

Europe was one the worst affected region by the COVID-19 pandemic, owing to which public organizations in the region made significant funding in research to boost the development of COVID-19 vaccines and diagnostics. For instance, in June 2020 the French president pledged to invest USD 679 million to support the development of COVID-19 vaccines. Owing to the pandemic several research centers were shut down due to the national lockdown implemented by the government authorities, owing to which several clinical trial organizations opted for in silico trials and virtual clinical trials to speed up the research process. Such actions had profited the growth of the market.

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Europe Clinical Trials Market Report Highlights

• The phase I trial segment is projected to witness a remarkable growth rate of 6.1% over the forecast period. This can be attributed to the significant R&D spending by public and private organizations to support new researches
• The interventional study design segment held the largest market share of 78.6% in 2021 owing to the greater accuracy offered by these studies, as compared to other clinical study designs
• European countries such as Germany and the U.K. are spearheading the revenue share, as these have a large patient pool and the presence of advanced medical infrastructure 

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Europe Clinical Trials Market Segmentation

Grand View Research has segmented the Europe clinical trials market based on study design, phase, and region:

Europe Clinical Trials Study Design Outlook (Revenue, USD Million, 2018 - 2030)

• Interventional
• Observational
• Expanded Access

Europe Clinical Trials Phase Outlook (Revenue, USD Million, 2018 - 2030)

• Phase I
• Phase II
• Phase III
• Phase IV

Europe Clinical Trials Regional Outlook (Revenue, USD Million, 2018 - 2030)

• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain

List of Key Players of Europe Clinical Trials Market

• IQVIA Holdings, Inc.
• PAREXEL International Corporation
• Pharmaceutical Product Development, (PPD) LLC.
• Syneos Health Inc.
• Eli Lilly and Company
• Novo Nordisk A/S
• Pfizer, Inc.
• Notghi Contract Research GmbH
• Charite Research Organisation GmbH
• Janssen Global Services, LLC
• Mondosano GmbH
• KFGN
• Clariness
• Invisio Clinical Studies Consulting

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.

Yeast Beta-glucan Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Yeast Beta-glucan Market Growth & Trends

The global yeast beta-glucan market size is expected to reach USD 353.9 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.2% from 2022 to 2030. Immune-boosting properties associated with the product are likely to open numerous opportunities for the product growth in applications including food and beverage, pharmaceutical, and animal feed. Yeast beta-glucan is a polysaccharide that binds with immune cells and improves immune responses within the body. Yeast beta-glucan has been considered to be a valuable food ingredient owing to numerous health benefits such as its ability to reduce upper respiratory tract infections, help reduce cholesterol, and improve gut health.

Saccharomyces boulardii, which is a strain of Saccharomyces cerevisiae (baker's yeast), is effective for the treatment or prevention of various gastrointestinal (GI) problems, including a few different forms of diarrhea such as diarrhea associated with antibiotics, traveler’s diarrhea, and acute and persistent diarrhea. Yeast-based probiotic strain often finds application in animal feed owing to its low cost. The rise in upper respiratory tract infections, which reached 17.2 billion in 2019 in the U.S., has increased the emphasis on immunity-boosting medication and supplements such as yeast beta-glucan in the U.S., propelling the growth of the market in the country.

Furthermore, on account of the COVID-19 pandemic, the consumers are becoming more concerned about their health and immunity, which is likely to have a positive impact on the industry growth. The majority of the players operating in the market are focusing more on their supply chain and global distribution network in order to meet the increasing product demand in various application industries across the globe.

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Yeast Beta-glucan Market Report Highlights

• The animal feed application segment is expected to expand at the fastest CAGR of 9.0% in terms of revenue over the forecast period on account of its ability to enhance growth and immunity
• The food and beverages application segment held the largest revenue share of over 30.0% in 2021 and is projected to maintain its lead throughout the forecast period owing to rapid R&D and production-related investments in the sector
• The personal care and cosmetics application segment is expected to expand at a volume-based CAGR of 8.1% from 2022 to 2030 owing to its rising demand for manufacturing toners, conditioners, and skin moisturizers
• The market is driven by strong application-based research and development, thus key players operating in the global market such as Cargill, Incorporated, and Lesaffre are expected to put more emphasis on R&D activities

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Yeast Beta-glucan Market Segmentation

Grand View Research has segmented the global yeast beta-glucan market on the basis of application and region:

Yeast Beta-glucan Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

• Food & Beverages
• Personal Care & Cosmetics
• Pharmaceuticals
• Animal Feed
• Others

Yeast Beta-glucan Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Yeast Beta-glucan Market

• Cargill, Incorporated
• Lesaffre Human Care
• EMD Millipore
• Biorigin
• Kerry Group plc
• Lallemand, Inc.
• Specialty Biotech Co., Ltd.
• Van Wankum Ingredients
• Angel Yeast Co., Ltd.
• Leiber

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.

Ferrosilicon Market Competitive Insight and Key Drivers 2022 to 2030: Grand View Research Inc.

 Ferrosilicon Market Growth & Trends

The global ferrosilicon market size is expected to reach USD 13.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.4% from 2022 to 2030. Rising demand for ferrosilicon in the steel and cast iron industries is anticipated to contribute to market growth over the forecast period. Ferrosilicon is used as a deoxidizer in the steel industry to prevent the loss of carbon during the production process. As a result, rising investment in the steel industry is anticipated to augment the market growth. For instance, in January 2022, POSCO commenced construction of a new galvanized steel plant in Tangshan, Hebei, China, which is jointly owned by HBIS Group.

The USD 600 million plants are anticipated to have an annual production capacity of 900 kilotons and will supply galvanized steel sheets to the automotive industry. Furthermore, due to their long life span and good compressive strength, cast iron pipes are widely used in plumbing applications. Companies involved in cast iron pipe production are expanding their capacity, thereby fueling ferrosilicon consumption. For instance, in December 2021, AMERICAN SpiralWeld Pipe Company, a producer of cast iron pipe, announced its decision to invest USD 40 million to expand its operation in Richland County, U.S. Furthermore, rising investments in China’s construction industry are expected to benefit market growth.

For instance, China initiated five major infrastructure projects in the third quarter of 2021, one of them was an investment of USD 4,793 million in the construction of a railway line from Liuzhou to Wuzhou covering a distance of 237.78 kilometers. Such projects are aiding the consumption of steel and related products, thereby, positively influencing market growth over the forecast period. The market is competitive with a presence of a large number of players scattered across different regions. To uphold and expand their presence, market vendors are involved in acquisition activities. For instance, in February 2022, Elkem ASA acquired the remaining 50% stake in the Salten energy recovery plant from Kvitebjørn Energi, thus, taking 100% ownership. This acquisition aims to enable the production of environmental-friendly ferrosilicon grade.

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Ferrosilicon Market Report Highlights

• The deoxidizer segment accounted for the largest revenue share of over 69.0% in 2021, and this trend is expected to continue across the predicted timeline owing to the rising production of steel. For instance, crude steel production increased to 3.7% from 2020 to 2021 reaching 1,950.5 million tons, according to a report by World Steel Association
• The cast iron segment is anticipated to register the fastest CAGR of 3.4%, in terms of revenue, across the forecast period, owing to the use of ferrosilicon as an inoculant in the industry
• The shifting trend from non-stick cookwareto those made up of cast iron, owing to growing concerns about potential health risks, is projected to emerge as the key driver for cast iron end-use segment growth over the forecast period
• Asia Pacific dominated the market and accounted for a revenue share of 66.8% in 2021. The rising production of automobiles and investments in the construction industry are influencing the demand for ferrosilicon in the region
• In North America, the market is projected to witness a CAGR of 2.2%, in terms of revenue, over the forecast period. The U.S. is anticipated to be the major market of the North American region over the forecast period

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Ferrosilicon Market Segmentation

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

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

• Deoxidizer
• Inoculants
• Others

Ferrosilicon End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

• Carbon & Other Alloy Steel
• Stainless Steel
• Electric Steel
• Cast Iron
• Others

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

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

List of Key Players of Ferrosilicon Market

• Elkem ASA
• Eurasian Resources Group
• FINNFJORD AS
• FENGERDA GROUP
• Ferroglobe
• IMFA
• OM Holdings Ltd.
• Russian Ferro-Alloys Inc.
• SINOGU CHINA
• VBC Ferro Alloys 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.

Non-contact Infrared Thermometers Market Advanced Technologies and Growth Opportunities Worldwide By 2030

 Non-contact Infrared Thermometers Market Growth & Trends

The global non-contact infrared thermometers market size is anticipated to reach USD 1.09 billion by 2030, registering a CAGR of 12.42% over the forecast years, according to a new report by Grand View Research, Inc. Increasing number of infectious diseases, technological advancements, and increasing use of non-contact infrared thermometer in various industries are among the major factors driving this market growth. For instance, according to the NCBI, adenovirus infection is estimated to be responsible for 7% of all respiratory infections, which lead to fever. Furthermore, 25% of people infected with adenovirus require hospitalization due to excessive fever. Thus, with the increasing number of infectious diseases, the market is anticipated to grow during the forecast period.

The growth in the food industry is another factor helping the market impel. For instance, according to the Food & Drink Federation U.K., the food & beverage industry in the U.K. has contributed to around USD 38.14 billion in 2019, which is 2.3% more than the previous year. Similarly, according to the India Brand Equity Foundation, the Indian food & beverage industry accounts for approximately 3% of the country’s GDP. The food & beverage industry requires non-contact infrared thermometers to calculate the temperature of the manufactured products during their production and storage. As these products are temperature-sensitive, they need to be manufactured and stored at a particular temperature.

Furthermore, an increase in the number of contagious diseases around the world and the growth of various industries, such as healthcare, hospitality, and food & beverages, are expected to support the market growth. The outbreak of COVID-19 also boosted the market growth; however, with the introduction of the COVID-19 vaccine, and a decrease in the number of COVID-19 cases, the growth is expected to slow down. On the other hand, as the lockdown has been lifted by almost all the countries, the hospitality sector is expected to witness significant growth during the forecast period. Therefore, the use of fixed-mount non-contact infrared thermometers in restaurants, lodges, and other hospitality sectors is expected to increase, thereby propelling market growth to a certain extent.

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Non-contact Infrared Thermometer Market Report Highlights

• The handheld type segment dominated the global market in 2021 owing to a rise in the number of patients suffering from fever
• The medical application segment dominated the global market in 2021 and is expected to grow further at a considerable CAGR over the forecast years
• This growth can be attributed to the rapid technological advancements and rise in the number of patients suffering from various infectious diseases
• The healthcare end-use industry segment dominated the market in 2021 and is projected to expand further at the fastest CAGR from 2022 to 2030
• North America was the dominant regional market in 2021 owing to the presence of robust healthcare infrastructure

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Non-contact Infrared Thermometer Market Segmentation

Grand View Research has segmented the global non-contact infrared thermometer market on the basis of type, application, end-use, and region:

Non-contact Infrared Thermometer Type Outlook (Revenue, USD Million, 2018 - 2030)

• Handheld
• Fixed-mount

Non-contact Infrared Thermometer Application Outlook (Revenue, USD Million, 2018 - 2030)

• Medical
• Non-medical

Non-contact Infrared Thermometer End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Food & Beverage Industry
• Healthcare Industry
• Hospitality Industry
• Other Industries

Non-contact Infrared Thermometer Regional Outlook (Revenue, USD Million, 2018 - 2030)

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

List of Key Players of Non-contact Infrared Thermometer Market

• PCE Instruments
• Testo SE & Co. KGAA
• Cole Parmer
• Paul Hartmann
• Contec Medical Systems Co. Ltd.
• Braun Healthcare
• Chino Corporation
• Hanna Instruments
• Meditech Equipment
• Omron Healthcare

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.

Skin Care Products Market Insights Business Opportunities, Current Trends And Forecast 2030: Grand View Research Inc.

 

Skin Care Products Market Growth & Trends 

The global skin care products market size is expected to reach USD 196.20 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.6% from 2022 to 2030. The rising concerns over skin problems are driving the skincare products industry. The growing demand for concern-specific skincare products such as face creams, body lotions, shaving lotions and creams, and face sunscreens is likely to fuel the overall demand.

Rising awareness regarding the various benefits of using skincare products has resulted in a rise in their demand over the last few years. Moreover, an inclination toward natural and organic skincare products is observed, making it a major sector in the cosmetics and wellness industry. Organic products are derived from natural resources and are free from harmful chemicals.

The female gender segment accounted for the largest revenue share in 2021 and is expected to maintain its lead over the forecast period. Women are increasingly adding personal grooming products to their daily routines to enhance their confidence and appearance. The increased demand for face creams, sunscreens, and body lotions across the globe is expected to have a positive impact on the market.

The supermarkets and hypermarkets segment held the largest revenue share in 2021. A large number of consumers prefer buying skincare products from hypermarkets and supermarkets due to the shopping experience offered by these stores. The ability to physically verify these products, along with expert assistance, is significantly contributing to the channel’s growth. The market is consolidated in nature with the presence of a large number of international players and few regional players.

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Skin Care Products Market Report Highlights

• Asia Pacific held the largest revenue share in 2021 owing to the increasing consumption of skincare and cosmetic products in the emerging markets of China and India. A rise in the number of product launches, growing concerns over skin health, and skin conditions are likely to positively influence the market growth
• By product, the face creams and moisturizers segment captured the largest revenue share in 2021 owing to the increasing popularity of these products globally, as people are becoming more conscious of their physical appearance along with being concerned about skin disorders and malignancies of the skin
• The male gender segment is anticipated to expand at the fastest CAGR of 5.0% over the forecast period owing to the significant growth in awareness regarding skincare among the global male population
• The supermarkets and hypermarkets distribution channel segment held the largest revenue share in 2021 owing to a shift in consumer shopping behavior. Due to the increasing demand for cosmetic products and rising shelf space, many of these stores have trained professionals in the cosmetics and beauty aisles to provide customers with expert guidance and recommendations

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Skin Care Products Market Segmentation

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

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

• Male
• Female

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

• Face Creams & Moisturizers
• Cleansers & Face Wash
• Sunscreen
• Body Creams & Moisturizers
• Shaving Lotions & Creams
• Others

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

• Supermarkets & Hypermarkets
• Convenience Stores
• Pharmacy & Drugstore
• Online
• Others

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

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

List of Key Players of Skin Care Products Market

• L’Oréal S.A.
• Beiersdorf AG
• Shiseido Co., Ltd.
• Procter & Gamble (P&G)
• Unilever
• Johnson & Johnson Services, Inc.
• Avon Products, Inc.
• Coty Inc.
• Colgate-Palmolive Company
• Revlon

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.

Ornamental Fish Market is Likely To Touch USD 11.3 Billion by 2030: Grand View Research Inc.

 Ornamental Fish Market Growth & Trends

The global ornamental fish market size is anticipated to reach USD 11.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.5% from 2022 to 2030. Consumers have been observed to be more inclined toward purchasing ornamental fish due to their attractive features and colors. This trend has been driving the demand for aesthetically appealing species with unique characteristics. Ornamental fish can have a calming effect on the surroundings and as a result, these tiny creatures have become an important feature in home decor. The attachment theory applies to human-animal relationships as well, with findings suggesting that both humans and animals can serve as attachment figures and provide feelings of comfort and safety during times of uncertainty or stress.

Moreover, some of the health benefits of keeping fish are stress relief, anxiety relief, calmness, controlled heart rates, and mood enhancement. In fact, aquariums also help ease symptoms in Alzheimer's patients. Several research studies have shed light on the benefits of viewing fish in an aquarium. For instance, a study of older adults conducted by the National Center for Biotechnology Information (NCBI), part of the U.S. National Library of Medicine, in 2019, watching either live fish in an aquarium or a similar videotape, found a decrease in the physiological markers of stress when compared to those watching a placebo videotape.

The continuous expansion of luxury hotels, restaurants, amusement parks, and entertainment and leisure centers showcasing beautiful ornamental fish aquariums is also likely to positively affect the market. The most anticipated luxury hotel brands to be opening in 2021 include Auberge, Four Seasons, Kimpton, Mandarin Oriental, Montage, Nobu Hotels, and Ritz Carlton, which is most likely to uplift the demand for ornamental fish and related aquatic biota for enjoyment purposes. Furthermore, with restrictions worldwide and economic disruptions across countries, the governments of various countries supported the industry with various relief and recovery funds.

For instance, the Australian Government has established a USD 1 billion COVID-19 Relief and Recovery Fund to support regions, communities, and industry sectors that have been disproportionately affected by the coronavirus crisis. The initiatives announced under the fund are supporting industries such as aviation, agriculture, fisheries, tourism, and the arts. These include initiatives such as the Temporary Waiver of Environmental Management Change for the Great Barrier Reef Marine Park and Renewing Reef HQ Aquarium.

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Ornamental Fish Market Report Highlights

• The market is expected to witness a CAGR of 8.5% from 2022 to 2030. The appealing, colorful, and peaceful ornamental fish kept as pets in aquariums provides a variety of psychological advantages to customers of all ages, particularly millennials. This, in turn, is likely to propel their demand
• The tropical freshwater segment accounted for the largest revenue share of 51.8% in 2021 and is expected to expand at a CAGR of 8.2% from 2022 to 2030. It has been observed that consumers are more inclined toward purchasing freshwater fish species due to their high biodiversity, attractive features, and other characteristics
• The household application segment accounted for the largest revenue share of 71.3% in 2021. Consumers have significantly increased their spending on at-home projects and one of those projects is building a reef tank and adopting pets like ornamental fish. As people have been staying at home for longer durations since the spread of covid-19, the popularity of pets has increased, with more people seeking animals for companionship and to reduce stress
• Europe accounted for the largest revenue share of 39.0% in 2021. The purchasing power of consumers in the region is relatively higher compared to that in other regions of the world. As a result, the market is expected to witness steady growth in the region over the forecast period. Consumers here have shown a higher affinity for more expensive exotic saltwater species and corals

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

Ornamental Fish Market Segmentation

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

Ornamental Fish Product Outlook (Revenue, USD Million, 2017 - 2030)

• Tropical Freshwater
• Temperate
• Marine

Ornamental Fish Application Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial
• Household

Ornamental Fish Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players of Ornamental Fish Market

• Aqua-Nautic Specialist Pte Ltd.
• AlgaeBarn LLC
• bioAquatiX
• Imperial Tropicals
• LiveAquaria
• Oasis Fish Farm
• Sanyo Aquarium (Pte) Ltd.
• Qian Hu Corporation Limited
• Sunbeam Aquarium Pte Ltd.
• Tropical Fish International Pte 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.