Floor Covering Market Significant Profits Estimated to be Generated by 2028: Grand View Research Inc.

 Floor Covering Market Growth & Trends

The global floor covering market size is expected to reach USD 566.5 billion by 2028, registering a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. Increasing investment in R&D by various players to develop innovative products coupled with increasing demand for floor covering in developed and developing nations are likely to drive the market growth over the forecast period. Furthermore, the spike in infrastructure projects in emerging markets has a beneficial influence on market growth.

The need for floor covering is expected to rise as more people need to furnish their homes and offices. Over the projected period, rising demand for insulation is also predicted to fuel market growth. Companies are renovating workplace environments to integrate modular systems furniture, resulting in a rise in office improvement. As a result, the market is expected to rise throughout the forecast period.

The wood flooring segment will register the highest growth at 6.8% from 2022 to 2028 due to its significant increasing demand in the commercial industry. These types of products are in high demand mostly in emerging countries. It is one of the most widely used forms of floor covering product. Growing home renovation owing to construction and non-construction activities and increased disposable income are other factors boosting segment growth over the forecast period.

The offline segment dominated the market with the largest market share in 2021. The demand for floor covering is growing among customers due to more sustainability offered by these offline stores than any other channel. Hence, the segment is projected to show growth during the assessment period.

Asia Pacific dominated the market and accounted for around 45% revenue share in 2021 due to high demand in India and China. Also, the increasing purchasing power of the commercial industry towards these products will drive the segment growth. As the region presents various opportunities for the consumer goods sector, the industry is projected to showcase significant growth. Ongoing construction and renovation activities in the residential and commercial sector in China, India, and Japan is expected to drive the growth.

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Floor Covering Market Report Highlights

• Europe is expected to register the fastest CAGR of 7.2% from 2022 to 2028 owing to rising demand for floor covering by the commercial industry. Additionally, rising demand for wooden and organic flooring materials is further expected to contribute to market growth
• The carpet and area rugs segment accounted for the largest revenue share of around 40% in 2021 owing to rapid construction activities in the commercial sector and the rising trend for home décor
• The offline segment dominated the market and accounted for the highest revenue share of more than 75.0% in 2021 owing to the rising sales of floor covering materials and products among supermarkets, home centers, and other offline distribution channels
• The online segment is estimated to showcase significant growth over the forecast period as these products are available at low cost, and also provides offers and discounts. Additionally, the growth of the e-commercesector is expected to pave the way for global market growth

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Floor Covering Market Segmentation

Grand View Research has segmented the global floor covering market based on product, distribution channel, and region:

Floor Covering Product Outlook (Revenue, USD Million, 2017 - 2028)

• Carpet and Area Rugs
• Wood Flooring
• Others

Floor Covering Distribution channel Outlook (Revenue, USD Million, 2017 - 2028)

• Online
• Offline

Floor Covering Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in Floor Covering Market

• Shaw Industries Group Inc.
• Mohawk Industries Inc.
• Armstrong Flooring
• Gerflor Group
• Forbo Holding
• Mannington Mills Inc.
• TOLI Corporation
• Tarkett Group
• Dixie Group Inc.
• Milliken & Company

About Grand View Research

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

SaaS Market Trends Analysis And Forecast Till 2028: Grand View Research Inc.

 SaaS Market Growth & Trends 

The global SaaS market size was projected to reach USD 344.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.0% from 2022 to 2028. The major growth factors of the market include the growing adoption of outsourcing business models in enterprises coupled with the growing number of Small and Medium Enterprises (SMEs) and startups across the globe. Moreover, the rising trend toward mobile applications such as emails, video calls, and instant messaging further increases the usage of smart devices that further encourages the demand for Software as a Service (SaaS) during the forecast period. However, the growing data privacy and security concerns related to enterprise data are projected to hamper market growth during the forecast period.

The market practiced a significant rise in the overall revenue due to COVID-19 owing to the rising demand for cloud applications in the various enterprises due to Covid-19 restrictions and lockdown. Additionally, under the lockdown conditions imposed in some countries owing to the pandemic, many employees and companies prefer public cloud services such as SaaS. Therefore, the significant increase in the virtual cloud software platform services during work-from-home scenarios is further projected to contribute to market growth. 

Based on type, the market is further classified into the enterprise software and productivity software. The enterprise software segment of the type is forecast to register a significant growth rate of 11.2% from 2022 to 2028. The significant adoption of SaaS among enterprises for reducing the cost of the on-premises software model is one of the major factors that contributed to the growth of the market. The SaaS provides enterprises and IT developers to effectively deliver virtual applications in the cloud environment, and streamline operational workflows at an effective price.

Europe is estimated to hold a significant market share of more than 20% in 2021. Well-developed countries such as Germany, the U.K., and France are positively contributing to market revenue. The high market share can be attributed to the significant presence of the enterprises and cloud service providers such as SAP SE, Microsoft Corp, and others in the region, and the long-existing demand for mobile applications among enterprises. Moreover, the growing number of secured internet servers further provides a significant growth opportunity for the adoption of cloud applications and services in the region that further provide ample opportunity to the market. 

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SaaS Market Report Highlights

• Europe is estimated to contribute more than 20.0% in 2021 to the market revenue. The significant presence of the key market players in the region and long-standing demand for SaaS among SMEs is responsible for the significant market share of the region
• The enterprise software segment of the type segment is forecasted to register a CAGR of 11.2% from 2022 to 2028. A significant rise in the use of mobile applications in small and medium enterprises with the significant development of mobile applications is projected to drive the segment
• Asia Pacific is forecast to grow with the highest CAGR of 12.1% from 2022 to 2028. China and India are positively contributing to the growth of the market owing to the growing demand for outsourcing cloud-based software coupled with the rising number of small and medium enterprises outsourcing

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SaaS Market Segmentation 

Grand View Research has segmented the global SaaS market based on type and region:

SaaS Type Outlook (Revenue, USD Million, 2017 - 2028)

• Enterprise Software
• Productivity Software

SaaS Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in SaaS Market

• Adobe Inc.
• Microsoft Corp.
• Alibaba Cloud
• IBM Corp.
• Google LLC
• Salesforce
• Oracle Corp.
• SAP SE
• Rackspace Technology, Inc.
• Vmware Inc.
• IONOS Cloud Inc.
• Cisco Systems, Inc.
• Atlassian
• ServiceNow

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.

Industrial & Institutional Cleaning Chemicals Market Poised to Expand at a Robust Pace Over 2030: Grand View Research Inc.

 Industrial & Institutional Cleaning Chemicals Market Growth & Trends

The global industrial & institutional cleaning chemicals market size is expected to reach USD 125.7 billion by 2030, expanding at a compound annual growth rate (CAGR) of 7.3%, according to a new report by Grand View Research, Inc. The growth is majorly driven by demand from the healthcare sector and the requirement for cleaning and disinfectants by manufacturing facilities worldwide.

Piling demand for plant oil-based cleaning chemicals and disinfects from the household, commercial, and various public spaces are also expected to boost the market growth. In the wake of pandemics and various other infectious diseases, the product market has achieved inclined growth over the recent years. As the awareness about the importance of disinfecting and chemical cleaning is increasing, the market is expected to show progression.

The advancement and expansion in the chemicals industry have directly impacted the market positively. The requirement for chemicals as both cleaners and disinfectants has led to growth in general-purpose cleaners. Furthermore, R&D in the chemicals industry has also led to the development of industrial & institutional cleaning chemicals.

The COVID-19 pandemic has positively impacted the market. Amidst the global pandemic, the demand for sanitizers and disinfected surged, owing to the fright of the spreading of infection. Even the authorities and various healthcare institutions, including WHO, are promoting the utilization of disinfectants and sanitizers for the protection and prevention of COVID-19, which is anticipated to further augment the product demand on a global scale.

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Industrial & Institutional Cleaning Chemicals Market Report Highlights

• Asia Pacific is expected to witness a positive CAGR of 8.0% in terms of revenue from 2022 to 2030. This is attributable to the rising demand for manufacturing units in various industries
• The solvent segment is expected to have a CAGR of 7.9% in terms of revenue during the forecast period. This is due to the popularity of solvent-based cleaners among various industries, owing to their good solvency for oils & greases and high compatibility with water
• The disinfectants and sanitizers segment is anticipated to a CAGR of 8.0% in terms of revenue from 2022 to 2030 due to the pandemic and increasing awareness of the people for the importance of the use of disinfectants and sanitizers

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Industrial & Institutional Cleaning Chemicals Market Segmentation

Grand View Research has segmented the global industrial & institutional cleaning chemicals market report based on raw material, product, end-use, and region:

Industrial & Institutional Cleaning Chemicals Raw Material Outlook (Revenue, USD Million; 2018 - 2030)

• Chlor-alkali
  • Caustic Soda
  • Soda Ash
  • Chlorine
• Surfactant
  • Nonionic
  • Anionic
  • Cationic
  • Amphoteric
• Solvents
  • Alcohols
  • Hydrocarbons
  • Chlorinated
  • Ethers
  • Others
• Phosphates
• Biocides
• Others

Industrial & Institutional Cleaning Chemicals Product Outlook (Revenue, USD Million; 2018 - 2030)

• General Purpose Cleaners
• Disinfectants And Sanitizers
• Laundry Care Products
• Vehicle Wash Products
• Others

Industrial & Institutional Cleaning Chemicals End-Use Outlook (Revenue, USD Million; 2018 - 2030)

• Commercial
  • Food Service
  • Retail
  • Healthcare
  • Laundry Care
  • Institutional Buildings
  • Others
• Manufacturing
  • Food & Beverage Processing
  • Metal Manufacturing & Fabrication
  • Electronic Components
  • Others

Industrial & Institutional Cleaning Chemicals Regional Outlook (Revenue, USD Million; 2018 - 2030)

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

List of Key Players in the Global Industrial & Institutional Cleaning Chemicals Market

• Procter & Gamble
• BASF SE
• Clariant
• The Clorox Company, Inc.
• Henkel AG & Co. KGaA
• 3M
• Kimberly-Clark Corporation
• Reckitt Benckiser Group plc
• Croda International plc
• Albemarle Corporation
• Eastman Chemical Corporation
• Huntsman International LLC
• Stepan Company
• Westlake Chemicals Corporation
• SOLVAY
• Dow
• Sasol

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.

Women’s Jerseys, Sweatshirts & Pullovers Market Get Facts About Business Strategies 2022 to 2028: Grand View Research Inc.

 Women’s Jerseys, Sweatshirts & Pullovers Market Growth & Trends

The global women’s jerseys, sweatshirts & pullovers market size is expected to reach USD 274.88 billion by 2028, expanding at a CAGR of 4.9% from 2022 to 2028, according to a new report by Grand View Research, Inc. The industry growth is majorly credited to the increasing global spending on jerseys, sweatshirts, and pullovers. Consumers in Asian countries are significantly contributing to the market growth, on account of rising consumer disposable income and increased spending on apparel. The expansion of the offline as well as online retail sectors is also expected to drive market growth during the forecast period.

The COVID-19 pandemic impacted the global market for women’s jerseys, sweatshirts, and pullovers, slowing the growth in 2020. As the disease spread, various lockdowns and restrictions were imposed by governments across the world. This impacted the overall global product sales. Due to lockdowns and restrictions, the production, trade activities, and bricks & mortar sales plummeted during this period. Moreover, consumers avoided visiting stores as a precautionary measure, declining consumer traffic. However, the market is expected to recover in the coming years and witness healthy growth, owing to the resumption of market activities.

In terms of fiber, the cotton segment accounted for the 2^nd largest revenue share of more than 32% in the global market in 2021. This has been predominantly credited to the higher popularity of the fiber in the market, on account of its desirable characteristics. Cotton is breathable, an excellent absorbent, and eco-friendly. It is also soft, lightweight, and has no irritable effects on the skin.

By distribution channel, the offline segment contributed to a larger market share of around 79% in 2021. Offline channels include specialty stores, departmental stores, shopping malls, etc. The higher market revenue of the segment is significantly credited to the rising preference of retailers for offline channels. The majority of the market retailers opt for the offline distribution channel, due to the lack of availability or operability of the online channel. Also, consumer perception and shopping behavior contribute to the higher segment share in the global market.

Asia Pacific is estimated to expand at the highest CAGR of 6.0% from 2022 to 2028. The growth of the regional market is mainly attributed to the increasing product demand driven by the increasing population, mainly in India and China. Moreover, increasing disposable income, rising standards of living, the changing consumer fashion attitude, and increasing adoption of western fashion style are likely to boost the regional market growth. The expansion of the retail sector and penetration of global brands in the region are facilitating the accessibility and availability of these products in the market, propelling the growth during the forecast period.

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Women’s Jerseys, Sweatshirts & Pullovers Market Report Highlights

• Europe accounted for a revenue share of around 34% in 2021 in the global market. This is attributed to the strong presence and distribution network of key players and high product awareness and adoption by regional consumers
• The cellulosic segment is expected to register a CAGR of 4.6% during the forecast period. This is credited to the increasing awareness about the environmental impact caused by the apparel industry, and the rising trend of purchasing sustainable and eco-friendly products
• The online distribution channel is anticipated to witness a CAGR of 6.2% from 2022 to 2028. This growth is facilitated by the increasing product demand from consumers and the growing affordability of smartphones and internet services

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Women’s Jerseys, Sweatshirts & Pullovers Market Segmentation

Grand View Research has segmented the global women’s jerseys, sweatshirts, & pullovers market on the basis of fiber, distribution channel, and region:

Fiber Outlook (Revenue, USD Million, 2017 - 2028)

• Cotton
• Polyester
• Cellulosic
• Others

Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Offline
• Online

Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in the Women’s Jerseys, Sweatshirts & Pullovers Market

• Dior
• CHANEL
• Gucci S.p.A.
• PRADA
• Giorgio Armani S.p.A.
• Burberry Group Plc
• Dolce & Gabbana S.r.l.
• Gianni Versace S.r.l.
• Louis Vuitton, 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.

Sweeteners Market Factors Hindering The Growth Rate, Challenges and Restraints For Business Development 2028

 

Sweeteners Market Growth & Trends

The global sweeteners market size is expected to reach USD 108.72 billion by 2028, registering a CAGR of 2.9% during the forecast period, according to a new report by Grand View Research, Inc. The increasing food and beverage industry across the globe and the rising application of sweeteners in various sectors, especially in the food industry in developed and developing nations are expected to promote market growth. Moreover, the technological development and advancement in sweetener manufacturing by various manufacturers across the globe are accelerating market growth in emerging economies.

Moreover, a lockdown situation has been observed during the COVID-19 pandemic, and it has not widely affected the sweeteners industry as compared to the other industries. The increasing demand for honey and artificial sweeteners across the globe is propelling market growth. The rising demand for food and bakery products after the COVID-19 pandemic will create opportunities for the market players.

The honey segment is expected to grow with the fastest growth rate of 3.4% from 2022 to 2028. The increasing demand for nutritious, and healthy food is propelling the growth of this segment over the last few years. Honey is an excellent source of numerous nutrition that include minerals, calcium, vitamins, and antioxidants made available for consumers through retail channels which in turn is driving the growth of the market.

The online segment of the market is anticipated to register the fastest growth with a CAGR of 3.4% from 2022 to 2028. The internet penetration rate has witnessed lucrative growth in recent years which has led to the significant growth of the e-commerce sector across the globe, which is propelling the growth of this segment. Several suppliers of these products are offering products on their websites as well as on the e-commerce platforms and have projected market growth during the forecast period.

The Asia Pacific has dominated the market with a revenue share of more than 35% in 2021. China, India, Indonesia, and Bangladesh have a huge consumer base for the consumption of food products, which will drive the regional demand. According to the Food and Agriculture Organization (FAO), about 40% of the world’s sugar consumed in the Asia Pacific in 2020. In addition to this, factors such as increasing per capita consumption, disposal income, and rapid urbanization are contributing to the growth of this market.

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Sweeteners Market Report Highlights

• Asia Pacific is expected to register the largest market share of more than 35% in 2021 owing to the huge consumer base in this region.
• Honey segment is expected to foresee the fastest growth, with a CAGR of 3.4% from 2022 to 2028 due to the rising popularity of nutritious, and healthy food products.
• Offline channel held the largest market share in 2021 and contributed more than 80% of the total revenue due to easy access to various sweeteners products.
• Europe is expected to register the fastest growth of 3.2% CAGR from 2022 to 2028 due to the growing demand for sweeteners.

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Sweeteners Market Segmentation

Grand View Research has segmented the sweeteners market based on products, distribution channels, and region.

Sweeteners Product Outlook (Revenue, USD Million, 2017 - 2028)

• Sugar
• Honey
• Artificial sweeteners

Sweeteners Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Offline
• Online

Sweeteners Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in the Sweeteners Market

• ADM
• Ingredion
• Cargill, Incorporated
• Roquette Frères
• Tate & Lyle
• Foodchem International Corporation
• PureCircle
• Pyure Brands LLC.
• Beeyond the Hive
• Dabur India Ltd.
• Capilano Honey 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.

Polycarbonate Market is Estimated To Attain USD 35.4 Billion by 2030

 Polycarbonate Market Growth & Trends 

The global polycarbonate market size is expected to reach USD 35.4 billion by 2030, according to a new report by Grand View Research, Inc. The industry is projected to advance at a CAGR of 5.6% from 2022 to 2030. Regulatory policies are encouraging automotive OEMs to utilize plastics as a means of reducing vehicular weight & improving fuel efficiency. This is anticipated to play a prominent role in driving market growth.

Polycarbonate is a completely recyclable polymer and is therefore favored as a substitute for PVC, particularly in medical devices. In comparison, PC resins offer greater tensile strength & flexural modulus, meaning that they can be easily processed and even blended with other resins such as styrene copolymers and PBT. In the recent past, regulations aimed at reducing plastic wastage highlighted the importance of recycling. PC resins being completely recyclable are expected to benefit from such regulations, and in turn, ease up global supply constraints. 

The electrical & electronics segment remained the dominant application area, accounting for more than 24.0% share of the overall consumption in 2021. In the electronics sector, polycarbonate is widely used for producing power housings, connectors, household appliances, and battery boxes. On the other hand, the resin’s optical clarity has led to its increasing usage in headlamps, face shields, laminates, and windshields in the automotive and transportation sector. 

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Polycarbonate Market Report Highlights

• In terms of revenue, the construction application segment accounted for a prominent share of more than 20.0% in the market in 2021, and is further expected to witness substantial growth during the forecast period
• Asia Pacific offers tremendous opportunities for manufacturers, as resin requirements from automotive and construction industries are expected to rise significantly, as a result of rising investments in passenger car production and public infrastructure
• China emerged as the leading consumer in the Asia Pacific and accounted for more than 61.0% of the regional revenue in 2021
• Against the backdrop of slowing GDP growth, China offers opportunities in the construction sector. New housing starts and resuming civil projects as a result of monetary policy restructuring and liquidity easing will be the primary demand driving factors
• Diversifying the operational presence remains a key factor for producers. Establishing commercial supply agreements with end-users such as automotive OEMs and electronics manufacturers remains crucial for a stable consumer base 

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Polycarbonate Market Segmentation

Grand View Research has segmented the global polycarbonate market on the basis of application and region:

Polycarbonate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Automotive & Transportation
• Electrical & Electronics
• Construction
• Packaging
• Consumer Goods
• Optical Media
• Medical Devices
• Others

Polycarbonate Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

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

List of Key Players in the Polycarbonate Market

• Covestro
• SABIC
• Lotte Chem
• Teijin Industries
• Mitsubishi Engineering Plastics Corp.
• Trinseo
• Idemitsu Kosan Co. Ltd.
• Lone Star Chemical
• Chi Mei Corporation
• Entec Polymers
• RTP Company
• LG Chem

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 Sugar Alcohol Market Increasing in Most Part of World 2028

 Sugar Alcohol Market Growth & Trends

The global sugar alcohol market size was estimated to reach USD 5.1 billion by 2028 and is expected to expand at a CAGR of 6.0% from 2022 to 2028. Increasing demand for low sugar or no sugar products due to rising health awareness, an increasing number of diabetic patients, and increasing demand from the food and beverage industry are expected to promote the sugar alcohol market growth over the next few years. Additionally, increasing chronic diseases among the citizens will further increase the demand for sugar alcohol from industry verticals.

Xylitol segment is forecast to grow with the highest CAGR of 6.9% from 2022 to 2028 and is estimated to contribute a market share of 30% by 2028. Xylitol becomes popular sugar alcohol as it has similarities to sucrose visually and tastes. It is used for teeth treatments to reduce cavities as it is non-fermentable. It restricts the growth and reproduction of bacteria inside the mouth. Thus, it is widely used to produce oral care products which will drive the segment growth during the forecast period. Liquid & syrup is forecast to register the fastest growth of CAGR of 7.4% from 2022 to 2028. Liquid and syrup form of sugar alcohol is widely used in applications in pharmaceuticals and personal care.

The pharmaceutical industry vertical will register the fastest growth of CAGR of 7.0% from 2022 to 2028. The applications of sugar alcohol include producing hand sanitizers, medicines for diabetic patients, and protein supplements. Thus this segment is expected to grow with the highest growth rate during the forecast period.

Asia Pacific is forecast to grow with a CAGR of 7.8% from 2022 to 2028. Countries such as China and India are positively contributing to the growth of market revenue. The region has a largest growing population which adopts a western lifestyle and increases the working number of citizens. Countries like China and India are the larger producers of sugar alcohol with many manufacturers operating in this region. 

Sugar alcohol is produced from sugars which have a hydroxyl group with carbon. Majorly used sugar alcohols are extracted from fruits and vegetables. Sugar alcohols are low-calorie sweeteners used for making sugar-free or low-sugar products such as food additives, toothpaste, medicines, and beverages.

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Sugar Alcohol Market Report Highlights

• Asia Pacific is forecast to grow with a CAGR of 7.8% from 2022 to 2028. The region has the largest growing population which adopts a western lifestyle and increases the working number of citizens.
• Xylitol segment is forecasted to grow with the highest CAGR of 6.9% from 2022 to 2028. Xylitol is similar to sucrose visually and in taste. It is used for teeth treatments to reduce cavities as it is non-fermentable.
• Liquid & syrup is forecast to register a faster growth of CAGR of 7.4% from 2022 to 2028. Liquid and syrup form of sugar alcohol is widely used in applications including pharmaceuticals and personal care.
• The pharmaceutical industry vertical is forecast to register the fastest growth of CAGR of 7.0% from 2022 to 2028. The applications of sugar alcohol include producing the hand sanitizers, medicines for diabetic patients, and protein supplements 

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Sugar Alcohol Market Segmentation

Grand View Research has segmented the s alcohol market based on contain, industry vertical, and region:

Sugar Alcohol Contain Outlook (Revenue, USD Million, 2017 - 2028)

• Sorbitol
• Mannitol
• Xylitol
• Maltitol
• Others

Sugar Alcohol Form Outlook (Revenue, USD Million, 2017 - 2028)

• Powder & Crystal
• Liquid & Syrup

Sugar Alcohol Industry Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• Food and Beverages
• Pharmaceuticals
• Personal Care

Sugar Alcohol Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players in Sugar Alcohol Market

• Cargill, Incorporated.
• Roquette Freres
• Archer Daniels Midland Company (ADM)
• Ingredion Incorporated
• Tereos Participations SAS
• Atlantic Chemicals Trading GmbH
• Beckmann-Kenko GmbH
• SANXINYUAN FOOD Industry Corporation Limited (SFI corp.Ltd)
• Mitsubishi Shoji Foodtech Co. Ltd
• Fraken Biochem 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.

Coffee Roaster Market Plying for Significant Growth During 2022-2028: Grand View Research Inc.

 Coffee Roaster Market Growth & Trends

The global coffee roaster market size is expected to reach USD 639.7 million by 2028, registering a CAGR of 6.0% over the forecast period, according to a new report by Grand View Research, Inc. Increasing specialty coffee consumption and rising popularity is expected to propel the growth of the market. Many coffee shops and cafes are increasingly roasting coffee beans in-house and serving this fresh coffee to the customers. Surging demand for flavor, aroma, and fresh coffee is anticipated to boost the coffee roasting machines market. Fresh-roasted coffee is loaded with nutrients and antioxidants, which benefit the overall health of the consumers by preventing cancer risk by boosting the immune system and other brain & liver-related health problems. Furthermore, the expansion of coffee shops and café culture in developed and developing economies is contributing positively to the market growth.

The COVID-19 pandemic had a negative impact on the market growth as it disrupted the global supply chain and trade activities. To curb the infection, various nations imposed restrictions and lockdowns, declining consumer coffee intake at cafes and restaurants, majorly in the European countries and U.S. However, the market is expected to recover and perform well with the relaxed restrictions and regulations. The pandemic also resulted in the surge in demand for household consumption of coffee giving a boost to the sales of residential coffee roasters, significant in the U.S.

Residential segment by application is expected to grow at a CAGR of 5.6% over the forecast period. Residential roasting offers several benefits for coffee addicts/enthusiasts and caters to the preference for freshly roasted coffee. Many coffee drinkers are adopting and following the home roasting trend as they want to experience the complete aroma and freshness of the coffee bean. Residential roasting is something undertaken recreationally, without any goals of profit and purely to enjoy the taste. Companies like Roastmasters, Gene, and Aillio have been selling a wide range of home roasting equipment to consumers. Furthermore, new product launches are likely to positively drive the growth of the segment. For instance, IKAWA Ltd. Launched the IKAWA Pro100 sample roaster with a batch capacity of 120 gm.

By type, the hot air segment accounted for the highest share in 2021. Hot air segment of coffee roasters accounted for over 40% market share on a revenue basis. Hot air style coffee roaster is available for industrial as well as commercial applications. The hot air is produced by burning fuel and is passed through the chamber of coffee beans, where the roasting process is carried out. The higher preference for this type is due to the even roasting of coffee beans by surface contact of hot air. In this type, coffee beans are roasted over a longer period and produce a more developed and rich flavor of coffee beans.

Central and South America is expected to register 2^nd growth rate, with a CAGR of 6.5% over the forecast period. In 2019, Brazil’s largest coffee roaster Tres Coracoes held a 27% market share in the country’s overall roasted coffee production volume. The company has planned to expand in Central & South America through acquisitions in Chile, Paraguay, Uruguay, Argentina, and Bolivia, driving the demand for a coffee roaster. The company has acquired eight companies in Brazil since 2005.

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Coffee Roaster Market Report Highlights

• Asia Pacific is expected to register the fastest growth rate, with a CAGR of 6.7% from 2022 to 2028. Increasing demand for aromatic and fresh coffee and the rising popularity of branded coffee shops drive the demand in the economies such as India, Thailand, Vietnam, and Indonesia
• The commercial coffee roaster segment held the second-largest market share over 40% in 2021. The increasing number of coffee shops and café culture across the world are driving the segment growth
• The half hot air segment is expected to register the fastest growth, with a CAGR of 6.2% from 2022 to 2028. This can be credited to its increasing popularity due to optimum consumption of heat and reduced roasting period

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Coffee Roaster Market Segmentation

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

Coffee Roaster Type Outlook (Revenue, USD Million, 2017 - 2028)

• Direct Fire
• Half Hot Air
• Hot Air
• Others

Coffee Roaster Application Outlook (Revenue, USD Million, 2017 - 2028)

• Industrial
• Commercial
• Residential

Coffee Roaster Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Coffee Roaster Market

• LUIGI LAVAZZA SPA
• Nestle
• Lilla de Máquinas Ind.
• Diedrich Manufacturing Inc.
• Giesen Coffee Roasters
• TOPER ROASTER
• Joper Roasters
• Nesco
• US Roaster Corp.
• Sonofresco
• Genio Roasters
• Ambex Roaster
• Hottop
• CANTARELLA BROS PTY LTD
• Gracenote Coffee Roaster

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.

Wine Cork Market to Undertake Strapping Growth By 2028

 Wine Cork Market Growth & Trends

The global wine cork market size is expected to reach USD 7.8 billion by 2028, registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. Rising inclination of millennials toward wine consumption from developed as well as developing countries is propelling the wine cork demand. Surging disposable income, increasing working population, and rising living standards along with changing alcoholic beverage preferences are some factors driving the growth of the market. Millennials are more experimental with respect to taste and consumption habits for certain alcoholic products such as wine, champagne, and beer. Thus, the increase in wine consumption presents untapped opportunities for major players to build or expand their facilities. In addition, increasing usage of social media marketing is further supporting the growth of the market.

Multiple administrations and authorities are taking reforms and initiatives such as an international guide for buying cork stoppers for wines have led to a substantial impact on the market. To improve the quality of corks, the technical forum i.e. Natural Cork User Group (NCUG) has collaborated with wineries, retailers, and the cork industry to simplify and maintain quality parameters throughout the supply chain of the cork manufacturing. Such initiative encourages the key players to invest in wine cork which has led to significant market growth. The global COVID 19 virus epidemic disrupted the supply chains and dented consumer demand. Bars, liquor stores, and restaurants were closed, which has resulted in a drop in sales and ultimately revenue.

Insufficient labor causes production to stop. Within the same period, increased home wine consumption, same-day delivery of food and alcohol, and higher levels of online wine sales by retailers and small wineries will support industry growth. The natural type segment contributed to the highest revenue share of 92.5% in 2021 as it is the most suitable material for the preservation of still wines and premium spirits. The micropores in the cork allow for the equally micro-oxidation in the wine, which improves the aging process. This natural cork guarantees the evolution and matureness of wine in the best conditions. However, the synthetic stoppers made of plastic are expected to witness the fastest CAGR over the forecast period as these corks are less susceptible to TCA contamination. In addition, these corks offer predictable oxygen transmission rates as well as a tight seal, and since they are not made of wood, synthetic corks do not deteriorate or dry out, thereby boosting the market.

Traditional offline retail accounted for the largest market share in 2021 due to more advanced distribution networks. The traditional offline retail market accounts for more than half of the market and is expected to maintain its dominance over the next few years. However, the online segment is expected to witness a CAGR of 5.5% from 2022 to 2028, owing to the rise in Covid-19 cases and various restrictions imposed by government organizations around the world. Europe is expected to be the largest shareholder of this market as majority of cork production is done in the region. Portugal is the leading producer of cork globally. Also, the prime reason for the growth of the market in this region is the increasing demand for different types of wines among young consumers.

The regional market is expected to grow fast during the forecast period (2022 – 2028), due to the increasing demand for wine in festivals and gatherings. Manufacturers are focusing on new product launches along with research and development activities such as the installation of sensors in wine machinery, and others. Wine cork manufacturing equipment involves various components such as sensors, actuators, and spargers. Prices for these parts and machinery used in winemaking change as per the capacity and winery size, and thus hinder the market in developing economies, where consumers are price-sensitive.

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Wine Cork Market Report Highlights

• Europe dominated the market by contributing around 90.0% of the global revenue in 2021 due to the rising production of cork in this region. The region is also expected to register the fastest CAGR of 4.7% from 2022 to 2028 owing to the rising demand for wines by the millennial population in developed countries
• The natural segment contributed to the highest revenue share of 92.5% in 2021 due to rising demand for natural corks for the aging wines
• The offline distribution channel held the largest revenue share of more than 70.0% in 2021 due to the increasing demand for wine corks by larger vendor’s orders

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Wine Cork Market Segmentation

Grand View Research has segmented the global wine cork market on the basis of type, distribution channel, and region:

Wine Cork Type Outlook (Revenue, USD Million, 2017 - 2028)

• Natural
• Synthetic

Wine Cork Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Offline
• Online

Wine Cork Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
• Europe
  • Portugal
  • Spain
  • France
• Asia Pacific
  • China
  • Japan
• Central & South America
  • Chile
• Middle East & Africa
  • Saudi Arabia

List of Key Players of Wine Cork Market

• Amorim Cork, S.A, Ltd.
• Jelinek Cork Group
• Waterloo Container Company
• C. Ribeiro, S. A.
• We Cork Inc.
• Elkem Silicones limited
• Precision Elite limited company
• Widgetco, Inc.
• Allstates Rubber & Tool Corp
• A. Silva Corks USA, 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.

Dishwashing Detergent Market Expected to Receive Greater Traction As Manufacturers’ Contribution Swells

 Dishwashing Detergent Market Growth & Trends 

The global dishwashing detergent market size is expected to reach USD 31.26 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.2% from 2022 to 2028. The growing demand for eco-friendly and sustainable products in developed regions like Europe and North America is propelling the industry demand. Rising urbanization and industrial expansion are expected to boost market growth over the forecast period. The augmented use of dishwashers in developed regions is propelling the market growth and leading to a larger production of machine dishwashing detergents, which are easy to use. Additionally, owing to a rise in disposable income, consumers are shifting towards electronic appliances such as dishwashers. As a result, there is an increase in demand for dishwashing detergents.

Dishwashing detergent products consist of enzymes, bleaches, surfactants, chemicals, and other ingredients. These chemicals are hazardous to the environment and affect human health. Owing to all these factors, certain governments had implemented stringent regulations in some countries. Thus, manufacturers have initiated implementing sustainable processes for producing biodegradable, non-toxic, and safe products, which are safer for human health and the environment. Thus, owing to all these factors, the market is anticipated to witness growth over the forecast period.

A number of industries and global economies were negatively impacted by the COVID-19 pandemic. Authorities announced a lockdown across the world and citizens were asked to follow strict social distancing to restrict the spread of the virus. Owing to the COVID-19 pandemic, demand and supply of the consumer industry were observed to be steady. With the restrictions and lockdown, a lack of workers was observed, which, in turn, has reduced or limited the production of manufacturing units, thereby limiting the production. It is expected that post-COVID-19 restrictions and lockdown, the global economy will grow normally as earlier. 

The hand dishwashing detergents product segment held the largest revenue share of more than 60.0% in 2021 due to its increasing demand. With the rising availability and increasing awareness regarding the benefits of cleanliness, the demand for hand dishwashing detergents in emerging economies such as China, India, and Malaysia will drive the industry. The offline distribution channel segment held the largest revenue share in 2021. The offline segment includes store types such as supermarkets, hypermarkets, specialty stores, and retail stores. The growing number of organized retail channels in developing countries such as India, Singapore, Malaysia, and China is expected to increase the demand for dishwashing detergents in the coming years. Vendors offer products with gifts and discounted prices to attract consumers. Owing to these factors, the segment is anticipated to witness growth over the coming years. 

Europe held the largest revenue share of more than 35.0% in 2021 owing to the large utilization of dishwashing detergents in this region. Growing demand for machine dishwashing detergents owing to the increasing number of dishwashers per house in this region is augmenting the growth of this market. In addition, stringent environmental regulations are creating opportunities for eco-friendly and bio-based dishwashing detergents manufacturers. This is expected to aid the market growth in the coming years. 

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Dishwashing Detergent Market Report Highlights

• North America is expected to register the fastest growth rate of 9.0% from 2022 to 2028 owing to the rising demand for sustainable and eco-friendly products
• The hand dishwashing detergents product segment held the largest revenue share of over 60.0% in 2021 due to the rising product demand from developing countries as they are economical
• Europe dominated the market for over 35.0% in 2021 due to the rising demand for machine dishwashing detergents
• Offline distribution channel held the largest revenue share of more than 80.0% in 2021 due to the developed retail sector in developing countries 

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

Dishwashing Detergent Market Segmentation 

Grand View Research has segmented the global dishwashing detergent market on the basis of product, distribution channel, and region:

Dishwashing Detergent Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Offline
• Online

Dishwashing Detergent Product Outlook (Revenue, USD Million, 2017 - 2028)

• Machine Dishwashing Detergents
• Hand Dishwashing Detergents
• Others

Dishwashing Detergent Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

List of Key Players of Dishwashing Detergent Market

• Procter & Gamble (Cascade)
• Unilever
• Henkel AG & Co. KGaA (Pril)
• Reckitt Benckiser Group PLC (Finish)
• Colgate-Palmolive Company
• Kao Corporation
• The Clorox Company
• Bombril
• Dropps
• Blueland

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.