Bioresorbable Coronary Stents Market Is Expected To Reach USD 247 Million By 2025: Grand View Research, Inc.

Anticipated as well as recently launched global bioresorbable coronary stents market will trigger a revenue increase to USD 247 million by 2025. According to a new report by Grand View Research, Inc., better device attributes of second-generation coronary stents will provide the ascending push to this market.

Bioresorbable stents are intended majorly for the young adult population, whereby these individuals are enabled with a normal functioning artery following complete resorption of the dissolvable devices.Lifestyle diseases and prevalence of associated risk factors underpin the growth in atherosclerosis-related cardiac events. This drives the global disease prevalence in young adults as well as the high volume of elective Percutaneous Coronary Interventions (PCI).

What sets the second-generation bioresorbable coronary stents apart? – Learning from past mistakes, manufacturers have developed new generation bioresorbable with thinner strut thicknesses, faster resorption times, and better radial force. Amaranth, with a single-minded focus on strut thickness, has developed three such devices. Each with a thinner strut. The latest, Magnitude boasts of 100 microns.

Another factor providing a fillip to this market is the less-invasive nature of PCIs as compared to coronary artery bypass grafting, resulting in their high elective procedure volume. In most parts of the world, lack of auditing to check inappropriate surgeries drives the number of coronary stenting procedures. Hence, this market is expected to witness growth due to the high volume of elective PCI, particularly in APAC and Europe.

Further Key Findings From the Study Suggest:

  • Europe region is the major contributor for the bioresorbable stents market in 2016. Subsequent to withdrawal of the bioresorbable Absorb BVS, emergence of CE-approved bioresorbable stents hold strong growth prospects for greater sales in the member countries.
  • APAC follows Europe with almost 30% segment share and is expected to record the fastest growth in the future
  • Absorb BVS, among the key brands, engendered the highest sales revenue in 2016, while Absorb 2nd generation device will supersede the sales of its rival devices toward the end of the forecast period
  • North America trails behind as the smallest revenue generator against leading counterparts, Europe and APAC, in this market. Downfall of Abbott’s Absorb BVS, the only approved FDA device, is the underlying reason for the small segment share in the U.S. region.
  • Key players in this space include BIOTRONIK, Meril Lifesciences Pvt. Ltd., Abbott, Elixir Medical Corporation, REVA Medical, Arterial Remodeling Technologies, and Amaranth Medical
  • Strategic efforts undertaken by the companies to gain a higher market share center on bioresorbable coronary stents development. Companies targeting the clinical pipeline have developed second-generation bioresorbable products with better design specifications, such as devices with thinner strut thicknesses and faster absorption rates that gain comparability with the gold standard, drug-eluting metallic stents.

Grand View Research has segmented the bioresorbable coronary stents market by brands and region:

Bioresorbable Coronary Stents Brand Outlook (Revenue, USD Million;2016-2025)

  • Absorb BVS
  • Absorb 2nd Generation
  • Magmaris
  • Magnitude
  • MeRes-100
  • DESolve

Bioresorbable Coronary Stents Regional Outlook (Revenue, USD Million; 2016-2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • India

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Dhanashree is a Computer Engineer by education and a technology enthusiast by passion. She has a stint of experience in Blogging and SEO and loves to write.

Industrial Alcohol Market Is Expected To Reach USD 223.63 Billion By 2025: Grand View Research, Inc.

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The global industrial alcohol market is expected to reach USD 223.63 billion by 2025, according to a new report by Grand View Research, Inc. Regulatory changes by distinct governments globally, mandating the use of ethanol in gasoline blend as an alternative fuel accompanied by rising demand for ethanol as octane level enhancer is driving the industrial alcohol market.

In terms of revenue, ethanol was estimated as the largest product in 2016 and the trend is anticipated to continue at a growth rate of 9.5% over the forecast period. Increasing need for fuel grade ethanol is driving its growth. On account of rising global greenhouse gas emissions, the requirement for an alternative to fossil fuels in transportation is gaining importance. Owing to its lower emission properties, ethanol among the other biofuels is largely preferred as a clean fuel in transportation. Besides fuel grade, ethanol is also available in food grade variant and is used in many industrial, pharmaceutical and food & beverage applications.

Industrial alcohol can be derived from various sources such as corn, sugarcane molasses, fossil fuels, and from grains. U.S. and Brazil dominated the ethyl alcohol market in terms of both volume and value. Corn is the largest source of ethanol in U.S. whereas sugarcane is the largest source in Brazil.

Methanol, which is largely derived form syn-gas, is used in the chemical industry as an anti-freeze, intermediate, denaturant for ethanol, fuel, and solvent for the production of various chemicals. Besides ethyl alcohol and methyl alcohol, others such as isopropyl alcohol and isobutyl alcohol, are witnessing increased applications in various end use industries.

However, the prices of industrial alcohols are fluctuating owing to the production disequilibrium in the raw materials such as sugar, natural gas and crop based starches such as corn and bagasse

Further key findings from the report suggest:

  • Asia Pacific is expected to witness the fastest growth, in terms of value, at a CAGR of 9.7% from 2017 to 2025 as large number of automobile manufacturers are manufacturing flexible vehicles that can adopt to gasoline and ethanol blended fuel.
  • Ethanol emerged as the largest product, in terms of revenue, in 2016 and is estimated to be valued at USD 99.04 billion by 2025. In terms of revenue, industrial alcohol applications in personal care and as fuel is expected to register the fastest growth over the forecast period.
  • Methanol was estimated as the largest industrial alcohol consumed in China due to its broad applications in industrial, cosmetic, and pharmaceutical industries. Owing to the growing chemical industries in Asia Pacific region, the demand for methanol is expected to propel over the forecast period.
  • The U.S. industrial alcohol market, in terms of revenue, was valued at USD 28,166.3 million in 2016 and is estimated to reach USD 57,975.2 million by 2025. The U.S. is the largest producer and exporter of ethanol.
  • Key players including Royal Dutch Shell Plc, BASF SE, Eastman Chemical Company have made their presence in the market where as manufacturers such as Greenfield Global, Grain Millers, Inc. and Cargill Inc. have a prominent presence in the global market.

Grand View Research has segmented the global industrial alcohol market on the basis of product, source, application, and region.

Industrial Alcohol Product Outlook (Volume, Million Tons; Revenue, USD Million; 2014 – 2025)

  • Ethyl Alcohol
  • Methyl Alcohol
  • Isopropyl Alcohol
  • Isobutyl Alcohol
  • Others

Industrial Alcohol Source Outlook (Volume, Million Tons; Revenue, USD Million; 2014 – 2025)

  • Grains
  • Sugar & molasses
  • Corn
  • Fossil fuels
  • Others

Industrial Alcohol End Use Outlook (Volume, Million Tons; Revenue, USD Million; 2014 – 2025)

  • Food ingredients
  • Fuel
  • Chemicals
  • Pharmaceuticals
  • Personal care
  • Others

Industrial Alcohol Regional Outlook (Volume, Million Tons; Revenue, USD Million; 2014 – 2025)

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

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

 

Dhanashree is a Computer Engineer by education and a technology enthusiast by passion. She has a stint of experience in Blogging and SEO and loves to write.

Essential Oil Market To Gain From Increasing Awareness As Well As Willingness To Buy Organic And Natural Products Till 2024

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The global essential oil market is expected to reach USD 13.94 billion by 2024, according to a new report by Grand View Research, Inc. Increasing awareness as well as willingness to buy organic and natural products is expected to force market participants to employ essential oils in the production process. The shift of focus from synthetic to natural products is likely to trigger market growth over the forecast period.

Increasing demand for flavors & fragrances from various applications including personal care, home care, food & beverages, aromatherapy, etc. has prompted the essential oils demand as these oils are used as key ingredients in fragrances and flavors. Numerous other advantageous product properties such as antiseptic, aphrodisiac, anti-inflammatory, antidepressant, antispasmodic, diuretic, and tonic are expected to boost essential oil demand in industrial, medicinal, and domestic applications.

The lower raw material conversion rate for essential oils production in addition to unique processes requiring massive capital investment is expected to pose challenges to market participants. Limited raw material availability as different crops are grown in the various countries only to obtain high-quality products is also anticipated to challenge the market growth.

Further key findings from the report suggest:

  • Global essential oil market demand was 178.8 kilo tons in 2015 and is expected to exceed 370 kilo tons by 2024, growing at a CAGR of 8.4% from 2016 to 2024
  • Orange oil emerged as the major product and accounted for 29.4% of total market volume in 2015. It is also expected to witness the highest growth rate over the forecast period. Increasing orange oil demand in food & beverages, personal care and cleaning agents is expected to foster the segment growth.
  • Food & beverages industry was the leading consumer of essential oil and accounted for 34.6% of total market volume in 2015. It is also expected to witness the highest growth of 9.0% over the forecast period.
  • Essential oils demand from spa & relaxation application is expected to grow at a CAGR of 8.7% from 2016 to 2024. Essential oils have a great soothing and calming effect on the nervous system and are also beneficial in blood circulation stimulation, which has triggered the essential oils demand from spa & relaxation application segment.
  • Europe was the leading regional market and accounted for 43.5% of global demand in 2015. High demand for food & beverages and natural personal care products has spurred the regional market growth in upcoming years.
  • Asia Pacific essential oil market is expected grow at an estimated CAGR of 9.0% from 2016 to 2024 to emerge as the fastest growing regional market. Increasing interest and awareness regarding essential oils and natural products are expected to foster the regional market.
  • Some leading companies operating in the global market include Biolandes, Sydney Essential Oils, HRF, The Lebermuth Company, Young Living Essential Oils, doTerra, Essential Oils of New Zealand, Sydella Laboratoire, Farotti Essenze, Moksha Lifestyle Products, West India Spices Inc., Falcon and Ungerer Limited.

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

Essential Oil Product Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2024)

  • Orange
  • Corn Mint
  • Eucalyptus
  • Citronella
  • Pepper Mint
  • Lemon
  • Clove Leaf
  • Lime
  • Spearmint
  • Others

Essential Oil Application Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2024)

  • Medical
  • Food & Beverages
  • Spa & Relaxation
  • Cleaning & Home
  • Others

Essential Oil Regional Outlook (Volume, Tons; Revenue, USD Million, 2014 – 2024)

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

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

 

Dhanashree is a Computer Engineer by education and a technology enthusiast by passion. She has a stint of experience in Blogging and SEO and loves to write.

Building And Construction Sheets Market To Witness Substantial Growth On Account Of Increasing Penetration Of Polymer And Metal Sheets In Building Applications Till 2025

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The global building & construction sheets market is expected to reach USD 195.15 billion by 2025, according to a new report by Grand View Research, Inc. The increasing spending in the construction industry in developing economies is expected to drive demand

The rising infrastructural development activities and growing awareness among consumers pertaining to the advantages of sheets, especially in the emerging economies of Asia Pacific are expected to fuel market growth. In addition, increasing construction spending by governments is projected to fuel the demand in the concerned industry.

The demand for sheets is expected to witness substantial growth on account of increasing penetration of polymer and metal sheets in building applications. The use of metal and polymer sheets in roofing, sound & waterproofing, and HVAC applications is expected to drive the demand for sheets over the forecast period.

Growing population coupled with rapid urbanization & industrialization in developing economies has compelled the government to increase investment in the concerned industry to cater to the growing infrastructural needs. In addition, the market is expected to witness substantial growth in construction sector due to increasing disposable income in developing economies.

Further key findings from the report suggest:

  • Polymer segment are expected to denote a CAGR of 5.6% with increasing penetration in the concerned industry owing to their mechanical properties including high corrosion resistance, tensile strength, low thermal conductivity, and durability
  • Roofing accounted for 22.3% of revenue share in 2016 and the demand is projected to be fueled by the surge in demand for residential real estate in developed as well as developing economies
  • HVAC accounted for the highest growth of 5.8% over the forecast period owing to the rising demand for metal sheets in heating, ventilation, and air conditioning systems to provide comfortable and climate-controlled environment
  • Residential segment accounted for the largest revenue share in 2016 and is likely to indicate a CAGR of 5.6% over the forecast period due to rising demand for sheets from residential HVAC systems, roofing, flooring, windows, and doors
  • Distribution of the product via third-party channels is predicted to display a CAGR of 6.5% on account of rising demand for the product in small quantities for interior decoration, protection, roofing, and decorative flooring through third-party channel
  • Asia Pacific is the fastest-growing region, at a predicted CAGR of 6.0% on account of growing building industry and rising spending on residential construction in the developing economies of India, China, Indonesia, Philippines, Thailand, and Vietnam

Grand View Research has segmented the global building & construction sheets market on the basis of product, application, function, end-use, distribution channel, and region:

Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Bitumen
  • Rubber
  • Metal
  • Polymer

Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Flooring
  • Walls & Ceiling
  • Windows
  • Doors
  • Roofing
  • Building Envelop
  • Electrical
  • HVAC
  • Plumbing

Function Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Bonding
  • Protection
  • Insulation
  • Glazing
  • Sound & Water Proofing

End-use Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Residential
  • Commercial
  • Industrial

Distribution Channel Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

  • Direct
  • Third Party

Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

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

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

 

Dhanashree is a Computer Engineer by education and a technology enthusiast by passion. She has a stint of experience in Blogging and SEO and loves to write.

Baby Products Market Is Driven By Changing Lifestyle Among Consumers Particularly In Developing Countries Till 2025

The global baby product market is expected to reach USD 121.0 billion by 2025, according to a new report by Grand View Research, Inc. Rising spending capability in matured economies of North America and Europe will augment industry growth over the next nine years.

Increasing birthrate in emerging economies of Asia Pacific including India and China is anticipated to drive the demand for infant items over the forecast period. Rising awareness among the customers about infant nutrition, hygiene, and safety in the region will fuel demand over the forecast period. Continuous innovation among manufactures is expected to propel industry growth over the forecast period.

Cosmetics & toiletries held the largest share in the market. Cosmetics help to enhance infant skin, provide nourishment, resist swelling, itching, rashes and inflammations. Apart from that it tends to posses’ antibacterial, antifungal, antimicrobial, which soothe and provide luster to the skin. These beneficial properties are expected to drive the demand over the forecast period.

Infant food provides essential ingredients which include vitaminB12, protein, carbohydrate, and iron which are required in different growth phases of babies, so as to develop a good immune system. Rising number of food varieties coupled with its ease of use when travelling is expected to have a positive impact on the market over the forecast period.

Further key findings from the report suggest:

  • Baby product market is expected to witness growth at a CAGR of 6.9% from 2016 to 2025 owing to increased female working population resulting in higher demand for ready-to-use items
  • Cosmetics & toiletries will witness the fastest growth at a CAGR of 7.3% from 2016 to 2024 owing to rising awareness regarding infant hygiene
  • Asia Pacific market was estimated at over USD 17 billion in 2015 on account of growing awareness about baby nutrition, hygiene and safety coupled with increased disposable income
  • Key participants include Procter & Gamble Company, Kimberly-Clark Corporation, Johnson & Johnson Plc, Unilever Plc, Nestle S. A, and Abbott Nutrition
  • Key companies in the market are focused on increasing their global presence through mergers & acquisitions and brand awareness. In November 2016, Dabur South Africa (Pty) Ltd acquired South Africa’s CTL Group of Companies personal care, hair care & creams businesses for USD 1.3 million
  • In July 2016, Johnson & Johnson Consumer Inc. completed the acquisition of Vogue International LLC, which is engaged in the manufacturing and distribution of hair care and other personal care products for $3.3 billion

Grand View Research has segmented the global baby product market on the basis of product and region:

Baby Product Outlook (Revenue, USD Billion, 2014 – 2025)

  • Cosmetic & Toiletries
    • Baby Skin Care Products
    • Bath Products
    • Baby Hair Care Products
    • Other Cosmetics & Toiletries
  • Baby Food
    • Milk Products
    • Frozen Baby Food
    • Baby Juice
    • Baby Food Snacks
    • Baby Food Cereals
  • Baby Safety & Convenience
    • Baby Strollers
    • Baby Car Seats

Baby Product Market Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • S.
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • South & Central America
    • Brazil
  • Middle East & Africa (MEA)

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

 

Dhanashree is a Computer Engineer by education and a technology enthusiast by passion. She has a stint of experience in Blogging and SEO and loves to write.

Alopecia Market Is Driven By Increased Healthcare Expenditure And The Resultant Augmentation Of Healthcare Facilities Globally Till 2024

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The global alopecia market is expected to reach over USD 11.8 Billion by 2024 according to a new report published by Grand View Research, Inc. The increased healthcare expenditure and the resultant augmentation of healthcare facilities, globally, are the key drivers of the alopecia treatment market.

Additionally, the increasing awareness amongst individuals pertaining to the availability of the treatment options can be attributed to the favorable initiatives taken by organizations such as the National Alopecia Areata Foundation (NAAF) and the American Hair Loss Association. The increasing R&D investments pertaining to the development of novel therapeutics for the treatment of alopecia is expected to boost the usage rates.

International conferences are held by the NAAF for individuals suffering from alopecia, irrespective of their age, furthermore, NAAF also promotes research by bringing together scientists from all over the world. The 31st National Conference of NAAF will be held in Washington DC from 14th July to 16th July, 2016.

The FDA approval of the Janus kinase inhibitors (JAK) drugs that stimulate the growth of hair follicles with minimal side effects is further expected to boost the alopecia treatment market. The Children Alopecia Project by AHLA is dedicated towards making investments in Children Support Groups, which provide funding for children who cannot afford to attend the NAAF Conference and promote research and development activities in alopecia treatment for children.

Bald Truth is a radio program that is involved in spreading awareness about the different types of alopecia affecting people and about the varied products used for the effective treatment of alopecia that are currently available in the market. Rapunzel Project is another initiative by AHLA that is dedicated towards preventing hair loss in chemotherapy patients.

Further key findings from the study suggest:

  • In 2015, topical treatment accounted for over USD 2.8 billion in global alopecia treatment market. The key factors responsible for the large share of topical products include easy application, non-invasive nature, and high awareness amongst the population pertaining to the available therapeutics. The top brands of topical solution are Keranique, Phytoworx, Ultrax, and Nioxin.
  • The patent expiration of majority of the drugs, such as Propecia & Rogaine and the FDA approval gained for the JAK drugs, in 2015, which is an immunosuppresant with minimal side effects are expected to boost the alopecia treatment market during the forecast period.
  • In 2015, the dominant gender segment for the alopecia market were women that generated a revenue of about USD 4.03 billion and is expected to grow at a lucrativerate over the forecast period. The increasing awareness amongst women about alopecia and the emphasis laid upon appearance by them,are the key drivers of this segment.
  • North America was the highest revenue generating region with the market valued at over USD 2.49 billion in 2015. The increasing number of consumer disposable incomes, the introduction of new drugs, and the favorable initiatives taken by the pertinent organizations namely, NAAF and AHLA, are the key factors for the region’s large share.
  • Key players operating in the market are Cipla, Merck & Co., Johnson & Johnson, Lifes2good, Dr. Reddy’s Laboratories, Sun Pharma, Kirkland Signature, Alpecin, Vitabiotics, and Phyto Ales Group.

Grand View Research has segmented the global alopecia market on the basis of treatment and gender:

Global alopecia treatment outlook, by revenue (USD Million, 2016 – 2024)

  • Oral
  • Topical
  • Others

Global alopecia gender outlook, by revenue (USD Million, 2016 – 2024)

  • Men
  • Women

Global alopecia regional outlook, by revenue (USD Million, 2016 – 2024)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • K.
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Dhanashree is a Computer Engineer by education and a technology enthusiast by passion. She has a stint of experience in Blogging and SEO and loves to write.

Laundry Detergent Market Will Grow Rapidly Based On Rising Penetration Of Washing Machines In The Developing Economies Worldwide Till 2025

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The global laundry detergent market value is expected to reach USD 205.2 billion by 2025, according to a new report by Grand View Research, Inc. Rising penetration of washing machines in the developing economies is expected to propel the sector growth.

The top brands of the laundry detergent market include Tide, Purex, and Surf. These three brands are responsible for the nearly half of the market share of the laundry detergent market. The four vendors which control the laundry detergent industry are Proctor & Gamble, Unilever, Church & Dwight, and Henkel. The brands produced by the Unilever, Proctor & Gamble, and Henkel concentrate on the middle and high-class segment of consumer whereas Church & Dwight targets the low end of the consumer segment. The rising disposable income in the developing economies is forging new trend in the industry where consumers are inclined to buy brand based on its quality and company’s reputation. However, this trend is only common for the mature market of the North America and European region. The consumers from Africa and Asia Pacific region prefers the product based on its pricing.

Key players include Unilever, Henkel AG & Co. KGaA, Church & Dwight Co., Inc., Proctor & Gamble. Mergers of major players in the industry is likely to consolidate industry in the predicted timeline. For instance, the key merger of the laundry detergent industry in 2016 is the acquisition of the Sun Products by the German consumer goods company Henkel AG & Co. KGaA.

Further key findings from the report suggest:

  • The global demand for laundry detergent market was USD 133.3 billion in 2016 and is expected to grow at a CAGR of around 4.9% from 2017 to 2025 to exceed a total revenue of USD 205.2 billion by 2025.
  • Powder detergents was the biggest product segment in the market accounting for over 31% of the total revenue in 2016
  • Household was the largest application segment with a demand of over USD 118 billion by 2025, growing at a CAGR of 4.9%
  • The APAC is expected to be the largest regional market with a projected CAGR of 5.3% over the forecast period
  • The industry is dominated by global players such as Unilever, Henkel AG & Co. KGaA, Church & Dwight Co., Inc., Proctor & Gamble. Companies are moving towards strategic mergers and acquisition to increase their international presence and gain significant share.

Grand View Research has segmented the global laundry detergent market by product, application, and region:

Product Outlook (Revenue, USD Million; 2014 – 2025)

  • Powder detergents
  • Liquid detergents
  • Fabric softeners
  • Detergent tablets
  • Others

Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Household
  • Industrial or Institutional

Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • Russia
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • CSA
    • Brazil
  • Middle East & Africa
    • Saudi Arabia

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Dhanashree is a Computer Engineer by education and a technology enthusiast by passion. She has a stint of experience in Blogging and SEO and loves to write.

Europium Market Will Witness Growth On Account Of Rising Application Scope Of The Product In The Energy And Material Sciences Industries Till 2025

The global europium market is expected to reach USD 308.9 million by 2025, according to a new report by Grand View Research, Inc. The rapid growth of the consumer electronics industry across the globe can be regarded responsible for market growth in recent years. In addition, the increasing application scope of the product in the automobile, electrical, energy, and material sciences industries is expected to have a positive impact on the overall market growth over the forecast period.

Increased demand for europium oxide and nitrates for the manufacture of red and blue phosphors largely used in electronics, including television, smart phones, and laptops, is expected to propel the demand for europium during the forecast period. Further, the increasing penetration in healthcare markets, largely for the purpose of optical imaging and therapy, is expected to positively impact product demand in the near future.

Europium oxides and its derivatives are increasingly being used in nuclear reactor control rods owing to their neutron absorbing property. The growing dependency on nuclear energy for electricity generation is expected to benefit market growth over the next few years.

The europium industry is expected to witness the highest growth in phosphors application, slated to grow at a CAGR of 5.0% during the forecast period, in terms of volume and revenue. Industry players such as China MinMetals Corporation, Baotou Group, Avalon Advanced Materials Inc. and Lynas Corporation engage in exploration, mining, development and manufacture of europium along with other rare metals.

Further key findings from the report suggest:

  • The europium market was valued at USD 209.0 million in 2016 and is projected to grow at a CAGR of 4.6% over the forecast period. The increasing application scope of the product in key end-use industries, including consumer electronics, automotive, semiconductors, and energy & mining, is expected to drive product demand during the forecast period.
  • Europium phosphors recorded a market revenue of USD 60 million in 2016 and is likely to witness significant growth during the next eight years, primarily on account of the rapidly growing consumer electronics industry worldwide.
  • Product demand in the lighting segment was valued at just over USD 41 million in 2016 and is expected to grow at a CAGR of 4.5% over the forecast period owing to the use of europium in mercury lamps. The rapidly-growing lighting market, especially in emerging economies across key regions, is expected to benefit penetration of europium.
  • The Asia Pacific europium segment dominated the overall industry, with the regional segment being valued at USD 176.7 million in 2016. The segment is anticipated to grow significantly on account of the rapid growth of the key end-use verticals. The increasing production in key economies such as India, Vietnam, and Thailand is also expected to impact product demand.
  • The key strategies adopted by the industry players include horizontal integration with refining and separation companies, manufacturers, and distributors.

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

Application Outlook (Volume, Tons; Revenue, USD Million; 2014 – 2025)

  • Permanent Magnets
  • Catalysts
  • Glass Polishing
  • Phosphors
  • Ceramics
  • Metal Alloys
  • Glass Additives
  • Others

End Use Outlook (Volume, Tons; Revenue, USD Million; 2014 – 2025)

  • Consumer Electronics
  • Lighting
  • Semiconductors
  • Automotive
  • Healthcare
  • Nuclear Labs
  • Metallurgy
  • Anti-counterfeiting
  • Others

Regional Outlook (Volume, Tons; Revenue, USD Million; 2014 – 2025)

  • North America
    • S
    • Canada
  • Europe
    • Russia
  • Asia Pacific
    • China
    • India
    • Australia
  • Central & South America
    • Brazil
  • Middle East & Africa
    • South Africa

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Dhanashree is a Computer Engineer by education and a technology enthusiast by passion. She has a stint of experience in Blogging and SEO and loves to write.

Fiberglass Market To Gain From Rising Awareness Among Population Regarding The Environmental Benefits Coupled With Economic Benefits Of Using Lightweight Automobiles Till 2025

The global fiberglass market size is expected to reach USD 21.27 billion by 2025, according to a new report by Grand View Research, Inc. The market for fiberglass is anticipated to register growth with rising awareness among population regarding the environmental benefits coupled with economic benefits of using lightweight automobiles. In addition, extensive use of fiberglass in building and construction industry and rising wind energy installations are expected to trigger the market growth.

Fiberglass composites segment is anticipated to be the fastest growing owing to their extensive use in automobile sector. They are used in automobile and aerospace sectors to make the vehicle lightweight and enhance performance. The composites are also used in the manufacturing of wind turbine blades and its structure.

Fiberglass insulation is used for thermal and electrical isolation in residential, commercial, and industrial buildings. Fiberglass can be used in construction in the form of walls, roofs, windows, and ladders. The aesthetic appeal of fiberglass coupled with growing construction spending globally is anticipated to drive the market.

In addition, the increasing use of fiberglass in wind energy installations, aerospace application, and consumer durables is expected to further boost the global fiberglass market.

Further key findings from the report suggest:

  • In terms of revenue, composites segment is projected to be the fastest growing, at a predicted CAGR of 6.2% over the forecast period. The lightweight and high strength exhibited by fiberglass make it an ideal material for many end-use industries.
  • Glass wool is the largest type segment in fiberglass market. Extensive use of glass wool for thermal and electrical insulation is expected to boost the market.
  • Asia Pacific is projected to emerge as the fastest-growing regional market, displaying a CAGR of 6.3% over the forecast period due to the presence of huge automobile market and rising disposable income in the region
  • In terms of revenue, automotive segment accounted for 34.4% of total market share. The market share is expected to increase owing to the growing use of fiberglass composites in the manufacturing of a vehicle.
  • A large number of companies have implemented advanced technologies for manufacturing products as per customer requirements. The companies are heavily investing in the research & development to launch innovative products in the market.

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

Application Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 – 2025)

  • Insulation
  • Composites

Type Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 – 2025)

  • Glass Wool
  • Yarn
  • Roving
  • Chopped Strands

End-use Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 – 2025)

  • Automobiles
  • Building and Construction
  • Aerospace
  • Wind Energy

Regional Outlook (Volume, Kilotons; Revenue, USD Billion; 2014 – 2025)

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

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Dhanashree is a Computer Engineer by education and a technology enthusiast by passion. She has a stint of experience in Blogging and SEO and loves to write.

Advanced Energy Storage Systems Market To Gain From Rising Electricity Consumption On A Daily Basis Coupled With Increasing Energy Supply-Demand Gap Till 2022

grandviewresearch

Global advanced energy storage systems market is expected to reach USD 6.93 billion by 2022, according to a new study by Grand View Research, Inc. Increasing demand for utility scale power generation particularly during peak hours is expected to augment demand for advanced energy storage systems. Advanced energy storage systems efficiently manage energy resources thereby reducing the need for utility scale power generation plants. The above factor significantly helps in reducing fixed cost and is expected to play a key role in market growth over the forecast period.

Stringent regulatory framework governing the use of fossil fuels for power generation is also expected to act as a major driver for advanced energy storage systems market growth. Power plants generate significant quantities of GHG such as CO2, which can be overcome through the efficient use of advanced energy storage systems. These systems store energy when generated and are capable of providing back up power in times of excess power demand (peak hours).

Further key findings from the study suggest:

  • Thermal energy storage systems were the largest technology segment in terms of installed capacity accounting for over 40% of global market in 2014. High efficiency in terms of energy storage and ability to provide power during peak hours in expected to play a major role in promoting market growth.
  • Battery storage devices market is still in a nascent stage and is expected to witness fastest growth at a CAGR of over 18% from 2015 to 2022. The market has large potential owing to easy charging properties and re-energization of the electrolyte liquid resulting in negligible wastage.
  • North America dominated the advanced energy storage systems market accounting for over 45% of global installed capacity in 2014. Stringent regulations with regards to environmental emissions are expected to result in increased installations of advanced energy storage systems, particularly in the U.S.
  • Asia Pacific is expected to be the fastest growing market for advanced energy storage systems at a CAGR of over 18% in terms of revenue from 2015 to 2022. Growing industrialization and improving consumer lifestyle has resulted in a surging need for energy which in turn is expected to augment advanced energy storage systems market in the region.
  • Advanced energy storage systems market is highly fragmented owing to the presence of numerous companies across multiple technologies. Owing to the technology driven nature of the market, key companies including AES Energy Storage, LG Chem, GE and Alevo are heavily investing into R&D to develop breakthrough technologies.

Grand View Research has segmented the global advanced energy storage systems market on the basis of technology and region:

Global Advanced Energy Storage Systems Technology Outlook (Capacity, Megawatt; Revenue, USD Million, 2012 – 2022)

  • Batteries
  • Flywheel
  • Thermal
  • Compressed Air
  • Molten Salt

Global Advanced Energy Storage Systems Regional Outlook (Capacity, Megawatt; Revenue, USD Million, 2012 – 2022)

  • North America
    • S.
  • Europe
    • Germany
    • UK
  • Latin America
    • Brazil
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
    • Saudi Arabia

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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Dhanashree is a Computer Engineer by education and a technology enthusiast by passion. She has a stint of experience in Blogging and SEO and loves to write.