Tobacco Market Analysis Report by Type, Material, Application, Region and Segment Forecasts

Tobacco Industry Overview

The global tobacco market size is expected to reach USD 1,049.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 2.4% from 2022 to 2030. The growing demand from developing nations, coupled with the rising proliferation of next-generation products across the globe is driving the market growth. The high marketing expenditure and product discounts by major tobacco companies are further driving the industry growth.

Consumption of tobacco through cigarettes has been the predominant factor driving the market growth. According to a World Health Organization (WHO) report in 2019, more than 80% of tobacco users live in low- and middle-income countries. Government cessation policies have been unable to help people stop tobacco use. The demand for the product is inelastic, which is expected to drive market growth. The introduction of next-generation products by major manufacturers is another factor expected to fuel the growth.

Tobacco Market Segmentation

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

Based on the Product Insights, the market is segmented into Smokeless, Cigarettes, Cigar & Cigarillos, Next Generation Products, and Waterpipes

• Cigarettes captured the majority share of the market in 2021, accounting for nearly 86% of the overall revenue. Cigarette consumption has remained stable due to the introduction of flavored, and menthol cigarettes.
• It can also be attributed to the availability of small cigarettes that facilitate smaller amounts of tobacco consumption for smokers who wish to cut down on their smoking habit.
• Cigarettes have an inelastic demand, which is a major factor that has driven market growth despite the heavy taxation that has been levied across the globe.
• The rising popularity of partying and pub culture among millennials and working-class communities has especially fueled the demand for flavored and unflavored cigarettes around the world in recent years.
• Furthermore, emerging economies such as India and Thailand are seeing a significant increase in cigarette demand as a result of rising youth populations in these countries.
• The tobacco market is expected to benefit greatly from the launch of next-generation products, which is expected to become the fastest-growing segment.

Based on the Distribution Channel Insights, the market is segmented into Offline and Online

• The offline channel led the market and accounted for the largest market share of more than 89% in 2021. It is projected to continue leading the market during the forecast period.
• Consumers prefer these stores as they offer considerable discounts. Location proximity of these stores facilitates immediate demand fulfillment for tobacco consumption, which is also expected to drive the growth of the segment.
• With the COVID-19 outbreak, consumers resorted to purchasing tobacco products online. Countries having strict lockdown laws prohibited citizens from leaving their homes, except for essential reasons. This facilitated the rise of online tobacco shopping.

Tobacco Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market comprises companies with a stronghold on tobacco products and is launching and developing next-generation products.

Some prominent players in the global Tobacco market include:

• Scandinavian Tobacco Group A/S
• Swedish Match AB
• Altria Group, Inc.
• KT&G Corp.
• Imperial Brands
• Philip Morris Products S.A.
• British American Tobacco
• Japan Tobacco Inc.
• China Tobacco.
• ITC Limited

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Organic Food and Beverages Market Growth Drivers, Vendor Landscape and Raw Material Outlook

Organic Food and Beverages Industry Overview

The global organic food and beverages market size is expected to reach USD 564.22 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 13% from 2022 to 2030. The various health benefits associated with the intake of organic food & beverages and rising health consciousness amongst consumers have encouraged the growth of the global organic food & beverages market.

The term “organic” refers to the way agricultural products are cultivated, and its regulations vary from country to country. For instance, in the U.S. organic crops must be grown without the use of synthetic pesticides, herbicides, fertilizers, or genetically modified genes (GMOs). Growing adoption of organic and natural products is linked to their eco-friendly characteristics. These crops are enriched with nutrients such as vitamins, minerals, antioxidants, and free of any additives or preservatives that might cause allergic reactions in some people.

Organic Food And Beverages Market Segmentation

Grand View Research has segmented the global organic food and beverages market on the basis of product, distribution channel, and region:

Based on the Product Insights, the market is segmented into Organic Food and Organic Beverages

• Fruits and vegetables emerged as the leading sector of the market and accounted for a 40% share of the organic food revenue in 2021.
• North America and Europe are the largest consumers of organic foods. Nonetheless, the consumption of organic meat, fish & poultry products is predicted to register the highest CAGR of 14.9% by 2030.
• Increasing concerns regarding artificial preservatives and additives are anticipated to augment the growth of product demand over the coming years.
• The organic beverages market is segmented into non-dairy beverages, coffee & tea, beer & wine, and others including juices and soft drinks.
• Coffee & tea sales are likely to observe the highest CAGR of 16.2% during the forecast period, due to the high consumption of flavored tea and coffee by consumers.
• The organic beverages market is poised to grow exponentially as consumers opt for natural drinks over carbonated beverages owing to a wide range of health benefits.
• Non-dairy beverages such as soy, rice, and oat led the beverage segment in 2021. Increasing adoption of vegan culture and its low-fat content is likely to boost the segment's growth.

Based on the Distribution Channel Insights, the market is segmented into Offline and Online

• The offline distribution channel made a larger contribution to the global market of over 64.9% in 2021. These stores have a broad portfolio of branded as well as domestic products.
• The convenience provided by this distribution channel and its ability to stock popular brands has been supplementing the growth of this segment.
• Increasing number of supermarket & hypermarket chains and altering retail landscape, particularly in developing economies are boosting the sales of organic food and beverages via this channel.
• The online distribution channel is projected to register a CAGR of 13.6% from 2022 to 2030. Rising internet penetration and target marketing done by companies to reach all customer touch points are likely to fuel the growth of this segment.
• The trend of online sales and subscription boxes for organic produce has grown significantly in the last two years, which is expected to have a positive effect on the market growth.
• Rapid penetration of online groceries and online food delivery platforms coupled with the surge in adoption of smartphones further triggers the growth of the market.

Organic Food And Beverages Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market includes both international and domestic participants. Key market players focus on strategies such as innovation and new product launches in retail to enhance their portfolio offering in the market.

Some prominent players in the global Organic Food And Beverages market include:

• Hain Celestial
• Whole Foods Market L.P.
• Dole Food Company, Inc
• Dairy Farmers of America, Inc.
• General Mills Inc.
• Danone
• United Natural Foods, Inc.
• Gujarat Cooperative Milk Marketing Federation (Amul)
• THE HERSHEY COMPANY
• Amy’s Kitchen, Inc.
• Organic Valley
• Conagra Brands, Inc.
• Nestlé
• Eden Foods
• SunOpta

Order a free sample PDF of the Organic Food and Beverages Market Intelligence Study, published by Grand View Research.

Precision Gearbox Market Overview By Product, Application, Regional Demand and Prominent Players

Precision Gearbox Industry Overview

The global precision gearbox market size is expected to reach USD 5.72 billion by 2030, as per a new report by Grand View Research Inc. The market is anticipated to expand at a CAGR of 9.6% from 2022 to 2030. Increasing implementation of automation technology throughout the production process is likely to propel the demand for the installation of robots and is anticipated to drive the growth of the market.

The presence of a large number of raw material suppliers, providing multiple options to product manufacturers is projected to result in low bargaining power. In addition, the low switching cost for manufacturers is expected to decrease the bargaining power of suppliers. Hence, the bargaining power of suppliers is low to medium.

Precision Gearbox Market Segmentation

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

Based on the Product Insights, the market is segmented into Planetary, Harmonic, and Cycloid

• Planetary precision gearbox led the market and accounted for about 67% share of the revenue in 2021. The product is increasingly used in several industrial & mobile applications, including track drives, mixing, pumps, auger & drilling drives, hoist drives, and cutter head drives.
• The high precision harmonic gearbox is used in robots and semiconductor devices that have compact designs and need high accuracy levels, whereas, the low precision gearbox is used for antenna systems; and standard precision systems are most widely used in food, beverage & tobacco, and machine tools

Based on the Application Insights, the market is segmented into Military & Aerospace, Food, Beverage, & Tobacco, Machine Tools, Materials Handling, Packaging, Robotics, Medical, and Others

• The robotics application segment led the precision gearbox market and accounted for more than 19% share of the global revenue in 2021. The demand for the application can be attributed to the growing utilization of robotic devices, owing to the advantages they provide concerning consistency & precision, high throughput rates, and minimization of waste & scrap.
• The market growth in material handling applications is expected to be driven by their wide usage in bucket elevators and stacker reclaimer drives to control their movement and speed.
• The manufacturers are providing customized gearboxes to food, beverage & tobacco companies, with high torque density and high precision to improve the output of food processing equipment. In addition, they offer products with advanced safety protection to avoid contamination of food products due to corrosion of gearboxes.

Precision Gearbox Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Key industry participants spend heavily on product innovation and customized products to meet customer needs. Continuous Research & Development (R&D) in designing has led to the introduction of a compact and miniature-sized precise lineup of gearboxes used in robotics and motion control industrial applications.

Some prominent players in the global Precision Gearbox market include:

• Harmonic Drive LLC
• NIDEC-SHIMPO CORPORATION
• Stöber Antriebstechnik GmbH and Co. KG
• WITTENSTEIN SE
• GAM ENTERPRISES, INC.
• DieQua Corporation
• Neugart GmbH
• Apex Dynamics, Inc.
• Sumitomo Drive Technologies
• Nabtesco Corporation
• Cone Drive
• Hiwin Corporation

Order a free sample PDF of the Precision Gearbox Market Intelligence Study, published by Grand View Research.

Composite Adhesive Market Business Drivers, Top Companies and Competitive Analysis

Composite Adhesive Industry Overview

The global composite adhesive market size is expected to reach USD 5.07 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.7% during the forecast period. The increasing investments in the construction & infrastructure industry and favorable government policies propelling the manufacturing sector are driving the market growth.

In 2021, most economies around the world invested extensively to rebuild their infrastructure to recover from the COVID-19 pandemic. For instance, in 2021, the U.S passed a USD 1 trillion infrastructure bill to boost the infrastructure sector in the coming years. Such investments in the infrastructure industry are anticipated to propel the need for composite products and benefit adhesives demand over the forecast period. The penetration of lightweight composites in different industries like aerospace & defense, electric vehicles (EVs), sports, and others is expected to propel the demand for the product during the forecast period.

Composite Adhesive Market Segmentation

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

Based on the Application Insights, the market is segmented into Automotive & Transportation, Aerospace & Defense, Electrical & Electronics, Construction & Infrastructure, and Others

• Aerospace & defense held a revenue share of over 17.0% in 2021 of the global market regarding the application.
• Automotive was the second-largest application segment of the market, in terms of revenue, in 2021. Penetration of adhesives in the industry is increasing significantly owing to the rising trend of lightweight vehicles.
• Electrical & electronics is another vital application segment of the market. Composites have various applications in the industry, including electromagnetic shielding, wearable devices, batteries, electrical switching & insulations, and sensors.
• The growing penetration of composites in this segment is propelling the demand for adhesives for the assembling of the components.

Based on the Product Insights, the market is segmented into Acrylic, Epoxy, Polyurethane, Cyanoacrylate, and Others

• Epoxy held the largest revenue share of more than 36.0% in the product segment in 2021 in the global market. It is a widely used product owing to benefits such as low cost, high strength, durability, mechanical shock resistance, high-temperature resistance, low shrinkage, and cryogenic resistance.
• On the other hand, the acrylic segment is expected to witness the fastest growth rate of 5.5%, in terms of revenue, during the forecast period.
• The cyanoacrylate product segment is anticipated to witness a CAGR of 5.1%, in terms of revenue, across the projection period.

Composite Adhesive Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market is highly competitive with the presence of numerous players worldwide. Owing to the increasing demand for adhesives, companies are investing in expanding their manufacturing units. For instance, in April 2021, Tesa SE announced that they will invest EUR 32 million (~USD 36.38 million) to expand the production capacity of their plant in Suzhou, China. This expansion will cater to the high demand coming from electronic manufacturers.

Some prominent players in the global Composite Adhesive market include:

• 3M
• Bostik
• Dow
• Henkel AG & Co. KGaA
• B. Fuller Company
• Huntsman Corporation LLC
• Illinois Tool Works Inc
• Permabond LLC
• Parker Hannifin Corp
• Sika AG

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LPG Tanker Market Summary, Key Buying Criteria, Revenue Growth Prospects and PESTEL Analysis

LPG Tanker Industry Overview

The global LPG tanker market size is expected to reach USD 286.48 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.3% from 2022 to 2030. Strong growth in shale gas production is likely to propel the market growth over the coming years.

The volatility of crude oil prices coupled with developments in hydraulic fracturing and horizontal drilling methods resulted in major companies shifting their attention towards the production of oil and gas from shale rock. Change in focus towards the production of shale gas is further projected to enhance market growth over the estimated period. The Very Large Gas Carriers (VLGC) segment led the market in 2021.

LPG Tanker Market Segmentation

Grand View Research has segmented the global LPG tanker market based on vessel size, refrigeration & pressurization, and region:

Based on the Vessel Size Insights, the market is segmented into Very Large Gas Carriers (VLGC), Large Gas Carriers (LGC), Medium Gas Carriers (MGC), and Small Gas Carriers (SGC)

• The VLGC segment led the market and accounted for 29.03% of the global revenue share in 2021. Very large gas carriers are widely used for the transportation of LPG gas for longer distances across various countries.
• Growing liquefied petroleum gas trade relationships between countries, such as the Middle East and Asian countries, Western Africa and Europe, and the United States, is the major factor boosting the segment growth.
• Some of the key trends observed in the market include innovation in LGC development, which is expected to boost market growth.
• Growing extraction and production of shale gas with exporting domestic liquefied petroleum gas is the main factor expected to propel the growth of the LGC and MGC segments.
• The demand for SGC is projected to observe considerable growth over the coming years owing to the growing LPG demand from residential segments.

Based on the Refrigeration & Pressurization Insights, the market is segmented into Ethylene, Full Refrigeration, Semi Refrigeration, and Full Pressurized

• The full pressurized segment led the market and accounted for the largest revenue share of more than 32.5% in 2021. The full pressurized segment will maintain its lead throughout the forecast period.
• The market is anticipated to have a steady growth in all segments as the amount of LPG transported increases.
• The semi refrigerated segment is expected to grow at a steady CAGR over the forecast period. These vessels are similar to full-pressure vessels as they have a Type C tank.

LPG Tanker Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market is characterized by the presence of several key players and a few mid-sized and small-scale regional players. Many of the companies have their own sector that they focus on and have a very high penetration in that sector. For instance, Stealth Gas Inc. has the largest fleet of small gas carriers in the world and they dominate the Mediterranean Sea region. They own and operate 44 small gas carriers. Dorian LPG has one of the largest VLGC fleets and operates mostly out of the U.S. The LPG tankers are almost entirely made by the companies in South Korea and Japan with more than 80% of ships being made in this region.

Some prominent players in the global LPG Tanker market include:

• BW Group
• Dorian LPG Ltd.
• EXMAR
• Hyundai Heavy Industries Co., Ltd.
• Kawasaki Heavy Industries, Ltd.
• Mitsubishi Heavy Industries, Ltd.
• Namura Shipbuilding Co., Ltd.
• PT Pertamina (Persero)
• StealthGas Inc.
• The Great Eastern Shipping Co. Ltd.

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Gas Turbine Market Type Estimates, Revenue Drivers and Restraint Analysis

Gas Turbine Industry Overview

The global gas turbine market size is projected to reach USD 38.80 billion by 2030, registering a CAGR of 6.2% over the forecast period, according to a new report by Grand View Research, Inc. Supportive policies majorly determine the increasing demand for gas turbines in developing markets, such as Combined Heat and Power (CHP) support scheme executed by Germany.

Rapid technological advancements in the energy industry, combined with a shift in focus toward distributed power production technologies, are propelling the worldwide market forward. This market is predicted to expand rapidly during the forecast period, owing to increased government backing for power production technologies that minimize carbon dioxide (CO2) emissions around the world.

Gas Turbine Market Segmentation

Grand View Research has segmented the global gas turbine market based on technology, capacity, end-use, and region:

Based on the Technology Insights, the market is segmented into Open Cycle and Combined Cycle

• The combined cycle turbines sector accounted for the largest revenue share of more than 72.0% in 2021 and is anticipated to continue its dominance in the near future. This technology category is expected to increase at a faster rate in the coming years.
• Strict regulations for coal plants, low gas prices, and the integration of increasing amounts of renewable energy are driving the switch to combined cycle gas turbine technology.
• Government initiatives that encourage the use of sustainable fuels for electricity generation and reduce greenhouse gas emissions are likely to boost demand for natural gas-fired power plants over coal-fired power plants.

Based on the Capacity Insights, the market is segmented into ≤200 MW and >200 MW

• >200 MW emerged as one of the most significant segments in this market with a revenue share of more than 65.0% in 2021. It is likely to be the fastest-growing segment during the forecast period.
• The rising power generation operations around the world, as well as the move from coal to gas-based power plants in some of the world’s major countries, are driving demand in this category.
• The rise of the power generation business, combined with a greater emphasis on generating electricity from renewable energy sources, is the primary driver for gas turbines, particularly those with capacities above 200 MW.

Based on the End-Use Insights, the market is segmented into Power & Utility and Industrial

• The Power & utility sector accounted for the largest revenue share of approximately 80.0% in 2021. Increased demand for power generation is being driven by the expansion in population and urbanization around the world, which is boosting the use of gas turbines in the power and utility sectors.
• Heavy industries, specialty chemical production, glass and cement manufacture, pharmaceutical, and sugar mills are all part of the industrial segment. Due to strict pollution regulations, gas turbines are seeing growing demand in the industrial sector.

Gas Turbine Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market is consolidated by a few major companies, which account for a dominating industry share. Industry participants practice several strategic initiatives, such as joint ventures, mergers & acquisitions, partnerships, and new product offerings, to enhance their foothold in the market. For instance, in June 2020, the consortium between Ansaldo Energia and Shanghai Electric Group signed a contract with the Bangladesh Power Development Board company named North-West Power Generation Company Ltd. The consortium is anticipated to design and build an 880 MW combined cycle power plant in Bangladesh under the terms of the deal, allowing the companies to expand their scale of operation.

Some prominent players in the global Gas Turbine market include:

• General Electric
• Siemens Energy
• Mitsubishi Power, Ltd.
• Kawasaki Heavy Industries, Ltd.
• Ansaldo Energia
• Solar Turbines Incorporated

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Specialty Carbon Black Market Raw material Outlook, PESTEL Analysis and Type Estimates

Specialty Carbon Black Industry Overview

The global specialty carbon black market size is estimated to reach USD 5.40 billion by 2030, expanding at a compound annual growth rate (CAGR) of 10.0%, according to a new report by Grand View Research, Inc. This growth can be attributed to the increasing demand for the product as reinforcing agents, specifically in tires, among other applications. Additionally, the growing use of the product in agriculture mulch film, refuse sacks, stretch wrap, and industrial bags are estimated to contribute to the market growth.

Majorly, carbon black is in the form of black colloidal particles produced via the acetylene black process, lamp black process, and furnace black process, among others. The raw material used for these processes differs between petroleum, coal oil, natural gas, and acetylene gas. Furthermore, food contact grade is expected to witness prolific growth over the next eight years, owing to increasing convenience food consumption in emerging economies of the Asia Pacific and Latin America, such as India, Vietnam, Thailand, Malaysia, Brazil, and Argentina. Packaging is expected to emerge as the leading application for the food-grade segment.

Specialty Carbon Black Market Segmentation

Grand View Research has segmented the market report on the grade, and region:

Based on the Grade Insights, the market is segmented into Conductive Carbon Black, Fiber Carbon Black, Food Contact Carbon Black, and Other Carbon Black

• Conductive grades are majorly utilized in manufacturing conductive polymers, paints & coatings, and printing inks. Growth of manufacturing sector spending, owing to population expansion coupled with growing demand for polymers is anticipated to drive market growth during the forecast period.
• Furthermore, conductive grade accounted for 27.60% of the total market share in 2021. Increasing demand for lithium-ion batteries is anticipated to further boost market growth during the forecast period. It is expected to gain market share and accounts for 29.25% by 2030.
• Food contact was the largest product segment in 2021, accounting for around 30% of the revenue share. The growing consumption of convenience foods in developing nations is the major driving factor for the growth of the food packaging industry.
• Mounting consumption of packaged food and beverages due to changing consumer lifestyles coupled with rising per capita disposable income is anticipated to drive market growth during the forecast period.
• Increasing demand from other end-use industries, such as consumer goods, architecture, and automotive, is anticipated to drive conductive grade demand. The growing manufacturing sector is anticipated to drive conductive grade consumption during the forecast period.

Specialty Carbon Black Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Market participants are concentrating their efforts on the development of new carbon black with long-term sustainability. Regulatory clearances, product portfolio, pricing, and manufacturing technology are all competitive elements that have a significant impact on market growth.

The specialty black market is concentrated, with few companies accounting for a majority share in the market. Huge capital expansions are taking place in the market, with companies vying for future market share. The initiatives undertaken by companies such as Continental Carbon and Birla Carbon are an indication that the market is expected to grow at a faster rate.

Some prominent players in the global Specialty Carbon Black market include:

• Omsk Carbon Group
• Tokai Carbon Co., Ltd.
• Atlas Organics Private Limited
• Continental Carbon Company
• Birla Carbon
• Cabot Corporation
• International China Oak Investment Holdings Co., Ltd.
• Himadri Speciality Chemical Ltd
• Philips Carbon Black Limited
• Orion Engineered Carbons GmbH
• Ralson

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Floating Solar Panels Market Factors Affecting Buying Decision and Consumer Behaviour Analysis

Floating Solar Panels Industry Overview

The global floating solar panels market size is expected to reach USD 180.21 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 22.5% from 2022 to 2030. The technical aspect of floating solar technology is projected to observe substantial growth over the estimated period owing to the growing demand for dependable renewable sources of energy for power generation.

In addition, the reduction in land-related costs is likely to boost the demand over the forecast period. The stationary floating solar panels segment led the market in 2021. The segment is expected to keep its leading position over the forecast period. Stationary floating solar panels do not take up land area and are easy to install. These panels can be deployed easily on a body of water, such as a reservoir or a lake.

Floating Solar Panels Market Segmentation

Grand View Research has segmented the global floating solar panels market based on product and region:

Based on the Product Insights, the market is segmented into Tracking Floating Solar Panels and Stationary Floating Solar Panels

• The stationary floating solar panels segment led the market and accounted for a share of 80.42% of the global revenue in 2021.
• Due to the use of low-cost, high-strength elastic in the construction of the panels, the cost of installing a stationary floating solar panel is cheaper than that of installing a tracking floating solar panel.
• Growing expenditures in the manufacturing and installation of solar panels in developing countries are expected to enhance demand in the coming years due to the stable, lasting, and dependable nature of solar tracking technology with lower maintenance costs.
• Tracking solar panels are very competitive due to their ability to follow the sun, increasing the system’s operating output. Due to its higher operational productivity, tracking solar technology is projected to gain traction in floating solar farms, which will have a beneficial impact on demand.
• However, due to its moving elements, tracking solar panels require more maintenance than fixed floating solar panels farms, which is expected to hinder the segment growth in the coming years. Tracking floating solar panels held a significant share of the global revenue in 2021.

Floating Solar Panels Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The global market is highly competitive due to the presence of major industries across the region as these companies are fairly concentrated and highly competitive. Ciel & Terre is one the biggest installer in the market. The company operates in almost all parts of the world with a well-established track record of over 180 floating solar PV farms. The company has installed more than fifty percent of the total number of floating solar panel farms present across the world. Also, the company is the utmost active participant in the industry and has up-to-date technology solutions.

Some prominent players in the global Floating Solar Panels market include:

• KYOCERA Corp.
• Trina Solar
• Yellow Tropus Pvt. Ltd.
• Wuxi Suntech Power Co., Ltd.
• Yingli Solar
• Ciel & Terre International
• LONGi Solar
• JA SOLAR Technology Co. Ltd.
• Hanwha Group
• Vikram Solar Ltd.

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Optical Coating Market Porter's Five Forces Analysis and Technology Landscape

Optical Coating Industry Overview

The global optical coating market size is expected to reach USD 37.5 billion by 2030, registering a CAGR of 9.2% over the forecast period, according to a new report by Grand View Research, Inc. The market is estimated to be driven by the growing smart consumer electronics industry across the globe. The rising focus on electricity generation through clean sources is also expected to drive product demand.

Consumer electronic devices include smartphones, tablets, phablets, smartwatches, and smart televisions. Rapid urbanization resulting in changes in consumer lifestyles is expected to create lucrative opportunities for smart consumer electronic devices. This is projected to lead to an increase in the utilization of optical coatings as they have a superior optical display and impact resistance properties.

Optical Coating Market Segmentation

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

Based on the Product Insights, the market is segmented into Anti-Reflective Coatings, Reflective Coatings, Filter Coatings, Conductive Coatings, Electrochromic Coatings, and Others

• The anti-reflective product segment led the market and accounted for a revenue share of more than 29.0% in 2021. Anti-reflective coatings are thin-film optical coatings that consist of multiple layers of coatings with different refractive indexes between each layer.
• Growing demand for anti-reflective coatings for the construction of photovoltaic solar panels, automotive displays, windows, and GPS navigation systems is expected to propel the growth of the market over the forecast period.
• Rising emphasis on the development of alternate energy sources, coupled with huge investments in solar energy generation by countries such as India, the U.S., and China, is likely to propel the growth in the coming years.
• Furthermore, increased usage in display windows, solar panels, heaters, LCD fabrication, heads-up display, shielding for radio frequency interference, LED displays, and instrument display windows are anticipated to support market growth over the forecast period.

Based on the Application Insights, the market is segmented into Consumer Electronics, Solar, Medical, Architecture, Aerospace & Defense, Automotive, Telecommunication, and Others

• The consumer electronics application segment led the market and accounted for a revenue share of more than 31.0% in 2021.
• Rapidly growing demand for smartphones and rising consumer disposable income are factors anticipated to propel the segment growth over the forecast period.
• Furthermore, technological advancements in the field of smart televisions and smart consumer devices, including smartwatches and smartphones, are anticipated to positively affect the market over the forecast period.
• Infrared and anti-reflective coatings are widely used in the electronics industry owing to the rising demand for superior optical display and impact resistance properties.
• The growing semiconductor industry, coupled with technological advancements, is expected to augment the demand for these optical coatings over the forecast period.

Optical Coating Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Most of the key players operating in the market have integrated their raw material production and distribution operations to maintain product quality and expand regional outreach. This provides companies a competitive advantage in the form of cost benefits, thus increasing their profit margin. Companies focus on research and development activities to develop new products to sustain market competition and changing end-user requirements. Research activities focused on new materials that combine several properties are projected to gain wide acceptance in the industry in the coming years.

Some prominent players in the global Optical Coating market include:

• Alluxa, Inc.
• Cascade Optical Corporation
• Chroma Technology Corp.
• Inrad Optics
• Optical Coatings Japan
• PPG Industries Inc.
• Viavi Solutions
• Schott AG
• Abrisa Technologies
• Berliner Glas

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Leather Chemicals Market Analysis Report by Product, Application and Segment

Leather Chemicals Industry Overview

The global leather chemicals market size is expected to reach USD 13.2 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.6% over the forecast period. The demand is attributed to the increase in demand for premium products and increasing consumption of the product from end-use industries such as automotive, apparel, and footwear.

Demand for the product is predicted to rise in a wide range of applications, including jackets, wallets, upholstery, shoes, and belts, due to changing consumer lifestyles and increased disposable income. Leather is used in Personal Protection Equipment (PPE), such as shoes and gloves, and plays an important part in the construction industry.

Leather Chemicals Market Segmentation

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

Based on the Product Insights, the market is segmented into Biocides, Surfactants, Chromium Sulfate, Polyurethane Resins, Sodium Bicarbonate, and Others

• The polyurethane resins product segment dominated the market for leather chemicals and accounted for revenue share of 22.9% in 2021. The higher share is attributed to increase in consumption of polyurethane in leather processing
• The need for PU resins in the manufacturing industry is expected to rise, as Polyurethane-based leather is considered more environmentally friendly than vinyl-based leather. However, because of the lengthy manufacturing process involved, it is the more expensive of the two.
• The surfactants segment is expected to witness a CAGR of 7.0% over the forecast period. The demand is attributed to increase in its utilization as surface-active agents in the leather-making process.
• The Chromium Sulfate segment was valued at USD 818.0 million in terms of revenue in 2021. The demand is attributed to its commonly utilization as tanning agent in leather industry, which is anticipated to drive the demand for the product.

Based on the Process Insights, the market is segmented into Tanning & Dyeing, Beamhouse, and Finishing Chemicals

• The tanning and dyeing process segment accounted for a revenue share of more than 48.0% in 2021. It is anticipated to witness a CAGR of 6.7% over the forecast period owing to its various operations such as pickling, degreasing, tanning, swimming, shaving, retanning, dyeing, fatliquoring, and drying among others.
• The beamhouse segment is anticipated to witness the second-largest CAGR of 6.6% over the forecast period. The growth is anticipated to be driven by its application ranging from preparation of hides and skins to preservation.
• Increasing demand for premium products along with growing inclination of manufacturers toward aesthetic parameters is likely to drive the demand for leather chemicals over the forecast period.

Based on the Application Insights, the market is segmented into Footwear, Upholstery, Leather Goods, and Garments

• The footwear application segment accounted for revenue share of more than 49.9% in 2021. The demand is attributed to increase in demand for leather used for manufacturing footwear, which, in turn, is driving demand for the product in footwear industry.
• The upholstery segment is expected to register the second-highest CAGR of 6.5% in the market for leather chemicals over the forecast period. The growth is anticipated to extensive coating applications.
• Over the forecast period, rising consumer inclination toward product aesthetics, combined with rising demand for luxury leather products, is expected to increase demand for the product in leather goods.

Leather Chemicals Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market for leather chemicals is highly competitive with the big international brands focusing on the development of long-term relationships with the end-users. With the further increase in the footwear, upholstery, and garments sector, the competition is anticipated to increase in the coming years. Companies such as Bayer AG, Lanxess AG, Elementis plc, and Chemtan Company Inc. have a high degree of integration across the value chain as they are also engaged in the production of caprolactam. These companies have established themselves as key manufacturers and focus on research and development for novel uses of the product.

Some prominent players in the global Leather Chemicals market include:

• Stahl International B.V
• Lanxess AG
• Bayer AG
• Elementis plc
• Texapel
• Chemtan Company Inc.
• Lawrence Industries Limited

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Enhanced Oil Recovery Market Organization Segment Trends, PEST Analysis and Forecast

Enhanced Oil Recovery Industry Overview

The global enhanced oil recovery market size is expected to reach USD 76.78 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.8% from 2022 to 2030. A growing number of aging wells witnessing declining production rates, coupled with rising government investment in research and development activities, is likely to drive the market for enhanced oil recovery (EOR) over the forecast period.

A rise in environmental concerns regarding carbon emissions has resulted in enhancing the demand for carbon capture and storage (CCS), which has emerged as a viable solution to limit carbon emissions. These factors are expected to positively impact the market growth as captured carbon in CCS projects is usually utilized by oil and gas companies for CO2 injection EOR technology.

Enhanced Oil Recovery Market Segmentation

Grand View Research has segmented the global enhanced oil recovery market based on technology, application, and region:

Based on the Technology Insights, the market is segmented into Thermal, CO2 Injection, Chemical, and Others

• The thermal segment occupied the largest revenue share of over 35.0% in 2021. The method entails the application of heat to the oil wells for lowering the oil viscosity and increasing its mobility ratio.
• CO2 injection technology injects CO2 into the rock pores to recover the crude oil. Carbon Dioxide (CO2) is miscible with crude oil and is comparatively less expensive than other similar miscible fluids used for these applications, making it a preferred choice for EOR applications.
• In addition, this method provides highly significant environmental benefits, thereby driving the demand for CO2 injection technology in the market in the forecast period.
• Chemical EOR technology involves the use of polymers and surfactants, which are injected into the oil well, which reduces interfacial pressure and enhances flooded viscosity, thereby increasing the production from the oil well.

Based on the Application Insights, the market is segmented into Onshore and Offshore

• The onshore segment occupied the largest revenue share of over 90.0% in 2021 owing to the significant presence of onshore exploration and production projects across the world.
• The steady development of the existing offshore wells, particularly in the South China Sea, the Persian Gulf, the North Sea, and the Gulf of Mexico, is expected to drive the offshore segment over the forecast period.
• However, the offshore oil industry is expected to witness sluggish growth due to high capital investments and operating costs, coupled with the pandemic impact. These factors will cause hindrance in the growth of the offshore oil industry.
• However, the ongoing technological advancements in the offshore segment are anticipated to boost the growth of the offshore segment in the forecast period

Enhanced Oil Recovery Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The EOR market is highly competitive and moderately consolidated with the presence of giant, multinational, and experienced players. Oil and gas exploration companies procure raw materials such as polymer, carbon dioxide, nitrogen, and others from specialized vendors. The technologies used in EOR are usually in-housed by the oil and gas exploration companies.

Some prominent players in the global Enhanced Oil Recovery market include:

• BP plc
• Cenovus Energy, Inc.
• Chevron Corporation         
• Equinor ASA
• ExxonMobil Corporation
• LUKOIL
• Petróleo Brasileiro S.A.
• Total SA

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Biomass Power Market Driver, Restraint, Challenges and Opportunities Study

Biomass Power Industry Overview

The global biomass power market size is expected to reach USD 203.61 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.0% over the forecast period. The growing concerns about Greenhouse Gas (GHG) emissions have resulted in favorable policies and regulations for renewable energy, which has been the key factor driving the growth of this market.

The COVID-19 pandemic has hampered the market growth globally owing to the disruptions in the supply chain, which resulted in delays for some projects. The power demand has declined from commercial and industrial end-users in the non-essential category due to the closure of operations during the lockdown.

Biomass Power Market Segmentation

Grand View Research has segmented the global biomass power market based on technology, feedstock, and region:

Based on the Technology Insights, the market is segmented into Combustion, Gasification, and Anaerobic Digestion

• In terms of revenue, the combustion segment dominated the market in 2021 and accounted for the maximum share of more than 88.0% of the global revenue. The trend is expected to continue in the future with the segment registering a steady growth rate over the forecast period.
• The combustion technology has a non-complex operation and operates at a lesser cost compared to other advanced biomass power technologies. This is expected to drive the demand for combustion technology in the market over other available technologies.
• Biomass power can be used for power generation, lighting, heating, and cooking gas applications. These factors are expected to boost the growth of the anaerobic digestion technology segment over the forecast period. However, the gasification technology segment is estimated to register the fastest CAGR over the forecast period.

Based on the Feedstock Insights, the market is segmented into Solid Biofuel, Liquid Biofuel, and Biogas

• In terms of revenue, the solid biofuel segment accounted for the maximum revenue share of 85.5% in 2021. The segment will expand further at a steady CAGR retaining its leading position throughout the forecast period.
• The liquid biofuel segment is projected to record the fastest growth rate during the forecast period.
• The biogas segment accounted for the second-largest market share, in terms of revenue, in 2021 owing to its higher calorific value and ability to be produced and utilized in remote areas.
• The segment is expected to grow at a steady growth rate during the forecast period. Biogas is majorly composed of methane and carbon dioxide, which is produced by the process of anaerobic digestion and it can be also produced through the thermal process of solid biofuel.

Biomass Power Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The global market is highly competitive due to the presence of major companies. The industry faces a complex supply chain interface where the industry participants need to interact with local and regional players to ensure a continuous supply of biomass feedstocks, conversion, transportation, and delivery of the valuable fuels to the end-user segment. Moreover, the market participants are emphasizing intensive research and development activities to further commercialize the various types of biomass power generation technologies.

Some prominent players in the global Biomass Power market include:

• Mitsubishi Heavy Industries, Ltd.
• Suez
• Xcel Energy Inc.
• Ramboll Group A/S
• Babcock & Wilcox Enterprises, Inc.
• Ørsted A/S
• Ameresco
• General Electric
• Veolia
• Vattenfall

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Liquefied Natural Gas Market Size, Challenges Analysis, Porter’s Five Forces Study and Forecast

Liquefied Natural Gas Industry Overview

The global liquefied natural gas market size is expected to reach USD 208.85 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.1% from 2022 to 2030. The growing demand for electric power through clean energy sources is likely to propel the market growth over the coming years. A growing focus on projects related to distributed power & utility is anticipated to bolster the market growth over the next eight years. The projected growth in natural gas in the power generation business is also likely to create more demand for liquefied natural gas (LNG) across various countries.

The power generation application segment accounted for the largest volume share of 47.44% in 2021. Growing demand for NG also helps in reducing the emission of harmful greenhouse gas emissions. Increased usage of this fuel in the mining, industrial and power generation sectors has displayed a significant change over the historic period. A decline in the prices, as well as low fuel switching costs, are enhancing the industry growth in the transportation and power generation application.

Liquefied Natural Gas Market Segmentation

Grand View Research has segmented the global Liquefied Natural Gas market on the basis of application and region:

Based on the Application Insights, the market is segmented into Transportation Fuel, Power Generation, and Others

• The power generation application segment accounted for the largest value share of 47.44% in 2021. Growing demand for natural gas also helps in reducing the emission of harmful greenhouse gas emissions.
• Increased usage of this fuel in the mining, industrial and power generation sectors has displayed a significant change over the historic period.
• A decline in the prices, as well as low fuel switching costs, are enhancing the industry growth in the transportation and power generation application.
• Diesel and petrol have been the default options for vehicle fuels. However, there has been a shift from traditional fuel to available better choices on the market such as natural gas that give the same performance in terms of power, acceleration, and cruising speed, but with added financial and environmental benefits.
• Others application includes, natural gas used in the mining industry, chemical industry, food processing, and other industries.
• Using natural gas as a feedstock over diesel helps reduce Carbon Dioxide (CO2) emissions by up to 35% for such fuels, owing to which there is increasing demand for natural gas in mining applications.

Liquefied Natural Gas Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market is characterized by the presence of several key players and a few media and small-scale regional players. Many of the companies have their sector that they focus on and have a very high penetration in that sector. In February 2020, ExxonMobil India LNG Limited has signed a Letter of Cooperation with Indian Oil Corporation Limited and Chart Industries, Inc. to establish a system of transportation infrastructure to expand gas access in India. Virtual pipeline systems deliver liquefied natural gas by road, rail, and waterways to areas not connected by physical pipelines.

Some prominent players in the global Liquefied Natural Gas market include:

• British Petroleum (BP) p.l.c.
• Chevron Corporation
• China Petroleum & Chemical Corporation
• Eni SpA
• Equinor ASA
• Exxon Mobil Corporation
• Gazprom Energy
• PetroChina Company Limited
• Royal Dutch Shell PLC
• Total S.A.

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Flywheel Energy Storage System Market PEST Analysis, Distribution Channel Outlook and Regional Trend

Flywheel Energy Storage System Industry Overview

The global flywheel energy storage system market size is expected to reach USD 737.99 million, registering a CAGR of 9.8% during the forecast period from 2022 to 2030, according to a new report by Grand View Research, Inc. The rise in climate change issues and environmental concerns led various countries, around the world, to reduce their carbon footprint for power generation and transportation sector and to opt for cleaner and green energy technologies owing to the demand for flywheel energy storage is growing in its specific application segments.

The data center is the highest penetration application segment in the flywheel energy storage market due to the growing demand for energy storage devices, in order to overcome the risk of interruptions at the main power supply. UPS, with the second-highest penetration, is one of the most important application areas of flywheel energy storage systems. The growing demand for uninterrupted power supply from industries across various sectors is driving the market for UPS.

Flywheel Energy Storage System Market Segmentation

Grand View Research has segmented the global Flywheel Energy Storage System market on the basis of application and region:

Based on the Application Insights, the market is segmented into UPS, Data Center, Distributed Energy Generation, Transport, and Others

• The others segment led the market and accounted for 44.74% share of the global revenue in 2021. Frequency regulation applications of flywheels are included in this segment. These applications are gaining importance due to the growing demand for uninterrupted power from commercial workstations and factories.
• Uninterruptible power supply (UPS) is one of the major application areas of flywheel energy storage systems. Power failures can cause huge losses in businesses and commercial workstations.
• Flywheel UPS systems can be used to overcome the problems faced by sudden dips or glitches in electric and voltage supplies. Also, since this technology does not involve the use of fossil fuels, it is environmentally friendly.
• Distributed energy generation involves the generation of power at the place of consumption. This method has several advantages such as elimination of cost, inefficiencies, and complexities related to power generation as compared to centrally generated power.
• Further, distributed energy generation aids to provide faster power backup in case of natural disasters such as floods and earthquakes. This has been one of the major drivers for the deployment of distributed energy generation sources in areas, which are prone to natural disasters.

Flywheel Energy Storage System Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Industry players are practicing several growth policies such as strategic partnerships with other local market players, to set up flywheel energy storage systems across various countries. Such policies enable companies to improve their foothold in the global market. Some of the major manufacturers are exploring other markets and expanding their presence in emerging economies. Thus the companies are keenly looking at certain ways to grow their existence in untapped countries to enhance their market share.

Some prominent players in the global Flywheel Energy Storage System market include:

• Langley Holdings plc
• Amber Kinetics, Inc.
• Stornetic GmbH
• POWERTHRU
• Energiestro
• VYCON, Inc.
• Bc New Energy (Tianjin) Co., Ltd. (BNE)
• Beacon Power, LLC
• PUNCH Flybrid
• Kinetic Traction Systems, Inc.

Order a free sample PDF of the Flywheel Energy Storage System Market Intelligence Study, published by Grand View Research.

Metal Magnesium Market Application, Profit Margin Analysis and Business Environment Study

Metal Magnesium Industry Overview

The global metal magnesium market size is expected to reach USD 6.99 billion by 2030, according to a new report by Grand View Research, Inc, expanding at a CAGR of 5.3% over the forecast period. Rising demand for lightweight parts mainly in the automotive and aerospace industries is anticipated to contribute to the market growth over the forecast period.

Magnesium is a grey-white lightweight metal, which has the lowest melting point and lowest boiling point of all alkali earth metals. It is the third-most commonly used structural metal, after iron and aluminum. Its main applications are in aluminum alloys, die-casting, removal of sulfur in the iron and steel production process, and titanium production.

Metal Magnesium Market Segmentation

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

Based on the Application Insights, the market is segmented into Die Casting, Aluminum Alloys, Titanium Reduction, Iron & Steel Making, and Others

• The die casting application segment accounted for the maximum revenue share of more than 37.5% in 2021. The trend is expected to continue with the segment registering the fastest CAGR over the forecast period.
• Aluminum alloys are the second-most vital application segment of the market. Aluminum alloys are widely used in engineering components and structures where corrosion resistance and lightweight properties are required.
• Increasing demand for lightweight materials in aircraft production for reducing the weight of commercial aircraft is expected to drive the segment growth.
• The rising demand for titanium from various industries is projected to increase its production and eventually propel the demand for magnesium.
• Magnesium is an important reagent in the production of iron and steel making as it is used for removing excessive sulfur from hot metal, which is a necessary step for creating high-quality steel.

Metal Magnesium Regional Outlook

• North America
• Europe
• Asia Pacific
• South & Central America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market is competitive with the presence of several regional and global players. These players compete on the basis of product innovation and quality, brand reputation, market presence, and price to sell to various industries.The companies are focusing on various acquisition and expansion strategies to stay ahead of the competition. For instance, in January 2021, Nanjing Yunhai Special Metals Co., Ltd. expanded its presence from North China to South China by acquiring Tianjin Liuhe Magnesium, a magnesium parts producer for automobiles and bicycles with a production capacity of 8,000 tons per year.

Some prominent players in the global Metal Magnesium market include:

• Alliance Magnesium
• Esan Eczacibasi
• Latrobe Magnesium
• Nippon Kinzoku Co. Ltd.
• Regal Metal
• Shanghai Sunglow Investment (Group) Co., Ltd.
• SolikamskDesulphurizer Works (SZD)
• S. Magnesium LLC
• VSMPO-AvismaCorp.
• Western Magnesium Corp.

Order a free sample PDF of the Metal Magnesium Market Intelligence Study, published by Grand View Research.

Eubiotics Market Driver, Restraint, Challenges and Opportunities Study

Eubiotics Industry Overview

The global eubiotics market is expected to reach USD 9.6 billion by 2030, as per the new report by Grand View Research, Inc. The growth is majorly driven by the increasing product usage in the meat industry due to rising concerns over antibiotic traces found in meat.

Furthermore, the future growth of eubiotics is dependent on the favoring regulator frameworks which ban the use of antibiotics. However, the coloring and flavoring agents to be used in eubiotics need to be approved by concerned regulatory agencies and have to acquire proper clearances such as Generally Recognized As Safe (GRAS) listings.

Eubiotics Market Segmentation

Grand View Research has segmented the global eubiotics market report on the basis of product, form, application, end-use, and region:

Based on the Product Insights, the market is segmented into Probiotics, Prebiotics, Organic Acids, Phytogenic, and Enzymes

• Probiotics products dominated the market with a high revenue share of over 39% in 2021. This is attributed to the rising awareness regarding the usage of probiotics in animal feed, ongoing R&D activities to develop efficient products, and broad product offerings by major industry participants.
• Furthermore, organic acids were the second dominant product type in the global markets. These acids are used as forage and grain preservatives in animal nutrition.
• Additionally, Propionic acid witnessed high growth in demand and consumption among other organic acids. Most of the propionic acid produced is used as a preservative for both food for human consumption and animal feed and is most effectively used as a feed additive as well as growth promoter in food animals, especially in poultry and pig.

Based on the Form Insights, the market is segmented into Liquid and Solid

• Solid form dominated the eubiotics market with a revenue share of more than 60% in 2021. This high share is attributed to its advantages like enhanced protection against exposure to light and moisture.
• The liquid form is gaining popularity among the feed formulators as it contributes to good health and enhanced performance of the animals at a greater rate as compared to solid forms as well as exhibits a lower price.

Based on the Application Insights, the market is segmented into Gut Health, Immunity, Yield, and Others

• Gut health applications dominated the market with a high revenue share of more than 35% in 2021. Its high share is attributable to the prevalence of gut health issues among animals along with an increasing inclination towards preventive health care.
• Products such as probiotics, prebiotics, organic acids, and essential oils among others are effective for gut integrity. These products can be used individually as well as in combination to achieve better results.

Based on the End-use Insights, the market is segmented into Cattle Feed, Poultry Feed, Swine Feed, Aquatic Feed, and Others

• The poultry segment dominated the market with a high revenue share of over 37% in 2021. Its high share is attributable to increasing demand and consumption of chicken, turkey, duck as well as boilers worldwide.
• The increasing consumption of pork has forced the producers to produce disease-free, high-quality meat products for human consumption. As a result, there is an increase in demand for feed additives.
• The demand for eubiotics in cattle feed is anticipated to rise on account of augmented demand for meat and dairy products.
• Rising consumption of dairy products coupled with beef consumption is expected to drive the demand for animal feed, which, in turn, is expected to propel the growth of the market during the forecast period.

Eubiotics Regional Outlook

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market has been characterized as fragmented due to the presence of multiple players within the business in the market. Market leaders and other key players in the various country that includes small manufacturers, traders, and operators in local or domestic market levels account for most of the market share.

Some prominent players in the global Eubiotics market include:

• DSM
• Novus International, Inc.
• UAS Laboratories
• Lallemand, Inc.
• Calpis Co., Ltd.
• Advanced BioNutrition Corp
• BENEO
• BEHN MEYER
• Lesaffre Group
• Kemin Industries, Inc.

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Disposable Gloves Market Application Segment Trends, PEST Analysis and Forecast

Disposable Gloves Industry Overview

The global disposable gloves market size is expected to reach USD 16,772.4 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.9% from 2023 to 2030. The high prevalence of the COVID-19 pandemic, particularly in North America and Asia Pacific, is projected to augment the demand for disposable gloves.

The COVID-19 pandemic had boosted the demand for disposable gloves, which strained the supply chain, thus creating a shortage in the market. Furthermore, disposable glove manufacturers are expanding their production capacities to meet the growing demand, thereby improving the global supply chain over the past few months.

Disposable Gloves Market Segmentation

Grand View Research has segmented the global disposable gloves market on the basis of material, product, end use, and region:

Based on the Material Insights, the market is segmented into Natural Rubber, Nitrile, Vinyl, Neoprene, Polyethylene, and Others

• Natural rubber led the market and accounted for over 37.0% share of the global revenue in 2022.
• Natural rubber disposable gloves offer superior performance and protection in various applications such as medical and dental, food processing and service, janitorial and sanitation, pharmaceutical, and automotive.
• Disposable nitrile gloves are anticipated to expand at the highest CAGR of 5.0% from 2023 to 2030 on account of their rising adoption in the medical, painting, chemical, laboratory, and dentistry sectors.
• Higher resistance of nitrile gloves towards puncture and chemicals than vinyl and natural rubber gloves is anticipated to boost the growth of nitrile gloves

Based on the Product Insights, the market is segmented into Powdered and Powder-free

• The powder-free product segment led the market and accounted for over 74.0% share in 2022. Stringent regulations on the use of powdered gloves by several governments worldwide are expected to have a positive impact on the powder-free gloves market growth over the forecast period.
• Rising preference for powder-free gloves across several industries, including chemical, medical, and food processing, is projected to drive the market over the forecast period.

Based on the End-Use Insights, the market is segmented into Medical & Healthcare, Automotive, Oil & Gas, Food & Beverage, Metal & Machinery, Chemical & Petrochemical, Pharmaceutical, Cleanroom, and Others

• The medical and healthcare segment led the market and accounted for over 79.9% share of the global revenue in 2022.
• The spread of the COVID-19 pandemic across the world is anticipated to boost the demand for gloves used by healthcare professionals across the globe for examination and testing and to limit contact with infected patients.
• The chemical and petrochemical segment is anticipated to expand at a CAGR of 8.4% from 2023 to 2030 owing to the rising adoption of the product for handling volatile chemicals in laboratories and the chemical industries.
• Furthermore, rising concerns pertaining to employee safety and initiatives to reduce injury rates in manufacturing facilities are anticipated to augment the demand for protective gloves over the forecast period.

Disposable Gloves Regional Outlook

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

The market is fragmented, with major manufacturers striving for market leadership. Key players have integrated along the value chain to further strengthen their market position. The global market has been witnessing mergers & acquisitions along with strategic alliances such as technology licensing in order to obtain an edge over competitors. The market is marked by the presence of top exporters in Southeast Asia, such as Top Glove Corporation Bhd and Kossan Rubber Industries Bhd, which are integrated across manufacturing rubber and glove production processes. The processed natural latex and nitrile rubbers are supplied to glove companies in the region through a diverse distribution channel.

Some prominent players in the global Disposable Gloves market include:

• Ansell Ltd
• Top Glove Corporation Bhd
• Hartalega Holdings Berhad
• Supermax Corporation Berhad
• Kossan Rubber Industries Bhd
• Ammex Corporation
• Kimberly-Clark Corporation
• Sempermed USA, Inc
• MCR Safety

Order a free sample PDF of the Disposable Gloves Market Intelligence Study, published by Grand View Research.