Industries Study Report

Is the Returnable Packaging Industry Meeting the Demands of Supply Chain?

Returnable Packaging Industry Data Book - Food & Beverage, Automotive, Consumer Durables and Healthcare Returnable Packaging Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The economic value generated by the Returnable Packaging industry was estimated at USD 88.41 billion in 2022, and it is expanding at a CAGR of 6.1% from 2023 to 2030, according to a new report by Grand View Research, Inc.

Grand View Research’s returnable packaging sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Returnable Packaging Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Consumer Durables Returnable Packaging Market Growth & Trends

The global Consumer Durables Returnable Packaging Market size is expected to reach USD 20.16 billion in 2022, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.7% from 2023 to 2030. Consumer durable includes packaging solutions for televisions, washing machines, refrigerators, air conditioners, cellphones, laptops, and others. Kitchen appliances like microwave ovens, mixers, grinders, and juicers also require packaging solutions for transport.

Consumer durables commonly use corrugated boxes, containers, dunnage, and other products for packaging. Demand for sustainable and environmentally friendly packaging solutions for these products is increasing owing to changing consumer preferences and government regulation. Increasing the global population coupled with a high rate of urbanization and rising income levels is expected to fuel the demand for innovative packaging solutions for consumer durables such as returnable packaging products.

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Healthcare Returnable Packaging Market Growth & Trends

The global Healthcare Returnable Packaging Market size is expected to reach USD 9.07 billion in 2022, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9% from 2023 to 2030. Healthcare is the fastest-growing end-use of the returnable packaging market owing to remarkable growth in demand for pharmaceutical and healthcare products. Medical OEMs and equipment manufacturers use the returnable packaging solution for the transportation of various equipment like ventilators, oxygenators, heart rate monitors, and others.

Transportation of sensitive and fragile equipment requires reliable, strong packaging solutions capable of absorbing shocks and withstand harsh transportation conditions. The COVID-19 pandemic also increased the demand for healthcare equipment like ventilators and contributed to the demand for returnable packaging solutions in 2020.

The pharmaceutical industry requires packing products like pallets, containers, FIBCs, drums, and barrels for the transportation of chemicals, medicines, drugs, and vaccines in bulk quantities. The increasing number of old population in countries like Japan, Germany, Italy, Portugal, and other European countries is expected to increase the demand for pharmaceutical products and healthcare equipment which is expected to drive demand for the returnable packaging from the healthcare end-use industry. The development of the COVID-19 vaccine contributed to the additional demand for these packaging solutions for the safe transport, storage, and distribution of vaccine vials.

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Competitive Landscape

Key players operating in the Returnable Packaging industry are:

CHEP (Parent Company Financials)
Celina
UBEECO Packaging Solutions
RPR Inc.
Mondi

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Navigating the Sealants Industry: Exploring Opportunities and Overcoming Challenges

Sealants Industry Data Book - Construction Sealants, Automotive Sealants and Other Sealants Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The economic value generated by the Sealants industry was estimated at approximately 2,312.8 kilotons in 2022, and it is expanding at a CAGR of 4.5% from 2023 to 2030, according to a new report by Grand View Research, Inc.

Grand View Research’s sealants sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Sealants Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Construction Sealants Market Growth & Trends

The global Construction Sealants Market size is expected to reach 1,011.1 kilotons in 2022, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.6% from 2023 to 2030. Construction sealants accounted for an industry share of 54.6% in 2022. The global construction industry is increasingly relying on sealants for a wide range of applications as they play a crucial role in sealing joints, gaps, and connections in various building components, ensuring their longevity and structural integrity.

Moreover, the demand for construction sealants is fueled by the need for flexible and durable solutions. Buildings are not static; they undergo movements due to factors like temperature changes and settling. Sealants with high flexibility can accommodate these movements without compromising their sealing properties. Durable sealants are resistant to degradation caused by UV exposure and other environmental factors, ensuring long-lasting performance.

In addition, sealants are also widely used in waterproofing residential structures. Areas that are prone to water intrusion, such as bathrooms, kitchens, and basements, require effective moisture barriers to prevent damage caused by leaks and humidity. Sealants are applied to surfaces like tiles, countertops, and shower enclosures, creating a waterproof seal that protects against water seepage and mold growth. According to the US Census Bureau, the residential construction market witnessed a year-on-year growth of 1.6% in 2022. Thus, the advancing construction industry is anticipated to drive the demand for sealants over the anticipated period.

Construction Sealants Market Revenue, 2020 - 2030 (USD Billion)

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Automotive Sealants Market Growth & Trends

The global Automotive Sealants Market size is expected to reach 417.5 kilotons in 2022, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.4% from 2023 to 2030. Automotive sealants accounted for an industry share of 15.9% in 2022. Sealants play a crucial role in the automotive industry, providing a wide range of applications that contribute to the performance, durability, and safety of vehicles. These versatile substances are used in various areas of automotive manufacturing and maintenance, ensuring the integrity of the vehicle's structure and components. From sealing gaps and joints to preventing leaks and corrosion, sealants offer an effective solution for enhancing the quality and reliability of automobiles.

Passenger cars application segment dominated the market with a revenue share of 59.6% in 2022. One of the primary applications of sealants in passenger cars is in the sealing of gaps and joints. These gaps can occur between different components, such as doors, windows, and body panels. Sealants are applied to these areas to create an airtight and watertight seal, preventing the intrusion of air, water, dust, and other contaminants into the vehicle's cabin. By maintaining a tight seal, sealants contribute to the overall comfort and quietness of the passenger car's interior, while also improving energy efficiency by reducing air leakage.

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Competitive Landscape

Key players operating in the Sealants industry are:

DOW
Arkema
Pidilite Industries Ltd. & Co. KGaA
Huntsman
Wacker Chemie AG

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Is the Crop Protection Chemicals Industry Adapting to Sustainable Practices?

Crop Protection Chemicals Industry Data Book - Herbicides, Fungicides, Insecticides, Biopesticides and Other Crop Protection Chemicals Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The economic value generated by the Crop Protection Chemicals industry was estimated at approximately 2,828.7 kilotons in 2022, and it is expanding at a CAGR of 3.7% from 2023 to 2030, according to a new report by Grand View Research, Inc.

Grand View Research’s crop protection chemicals sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.

Access the Global Crop Protection Chemicals Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Insecticides Market Growth & Trends

The global Insecticides Market size is expected to reach 766.1 kilotons in 2022, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.0% from 2023 to 2030. The growing demand for food owing to the increasing global population, coupled with the rising risk of malnutrition in some countries, has been boosting product demand across the world. Growing global demand for food has been supporting agricultural activities globally. The world is yet to fulfill its food demand. According to World Social Psychiatry, approximately 925 million people per year face the issue of insufficient food. According to a report published by the Food and Agricultural Organization (FAO) in 2021, around 40.0% of the total agricultural output goes to waste due to pest and insect attacks worldwide.

Therefore, it is vital for farmers and crop producers to use insecticides to save their agricultural products from the damage caused by insects. This factor is a key driver propelling the demand across the globe. In addition, the introduction to new farming practices and advancement in technologies has educated farmers to use effective methods for pest and insect control. The rising awareness regarding the benefits of insecticides is driving their application in agricultural and residential use, which is likely to propel their demand in the future. Asia Pacific is projected to be the fastest-growing regional market during the forecast period. The growing agricultural activities, driven by the rising food demand on the account of the increasing population, in the region, augment its growth.

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Fungicides Market Revenue, 2020 - 2030 (USD Billion)

Fungicides Market Growth & Trends

The global Fungicides Market size is expected to reach 538.9 kilotons in 2021, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.5% from 2022 to 2030. Growing demand for food security amongst the developing nations, coupled with increasing requirement to reduce crop losses due to fungal infections, is a key driver boosting the market growth globally.

The agricultural sector worldwide has reflected significant improvement in terms of development from crop yielding perspective to market capitalization. The industry has been driven by the presence of a large number of multinationals that have developed novel pesticides and other allied crop care chemicals. Asia Pacific is projected to witness the fastest growth over the forecast period as majority of the countries in the region are agrarian economies.

Among the multiple fungicides, biofungicides are anticipated to witness the fastest growth over the forecast period on account of their ability to curb pathogenic activities of bacteria and fungi on plants. Biofungicides work on the basis of parasitism, rhizosphere competence, antibiosis, plant growth promotions, and inducing metabolic changes in plants. These are typically utilized as seed treatment or for preventing media growth in crops.

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Competitive Landscape

Key players operating in the Crop Protection Chemicals industry are:

FMC Corporation
Corteva
Hansen Holding A/S
Bioworks
Syngenta Group

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Examining the Macro-Environmental Factors Impacting the Hand Protection Equipment Industry

Hand Protection Equipment Industry Data Book - Disposable Gloves, Disposable Medical Gloves, Nitrile Gloves, Rubber Gloves and Nonwoven Disposable Gloves Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Hand Protection Equipment Industry was valued at USD 23.8 billion in 2022 and is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s hand protection equipment industry database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.

Nitrile Gloves Market Insights

The global nitrile gloves market size was estimated at USD 6.56 billion in 2022 and is anticipated to grow at a compounded annual growth rate (CAGR) of 5.7% from 2023 to 2030. The market growth is expected to be driven by growing healthcare expenditure, increased significance of workplace safety, and rising awareness of healthcare-associated infections.

Healthcare industry in major developing countries is also expected to witness significant growth owing to several factors including growing investments in both public and private sectors, increasing population, rising geriatric population, and high influx of migrants. In addition, increasing healthcare expenditure is projected to boost the growth of the healthcare industry globally, which, in turn, is anticipated to spur the demand for hand protection over the forecast period.

As compared to latex gloves, nitrile gloves offer various benefits such as long shelf life, less friction, and puncture resistance. Furthermore, rising awareness regarding latex allergies is anticipated to drive the demand for these products over the forecast period. Enhanced resistance of nitrile gloves toward puncture and chemicals as compared to that of vinyl and latex gloves is expected to augment the market growth.

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Rubber Gloves Market share, by country, 2022 (%)

Rubber Gloves Market Insights

The global rubber gloves market size was estimated at USD 13.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.9% from 2022 to 2030. Stringent laws and significant costs associated with workplace danger and growing awareness among industry participants about worker safety & security at work are expected to fuel industry expansion over the forecast period. Governments around the world are investing heavily in a sufficient supply of Personal Protective Equipment (PPE), which includes products, such as gowns, gloves, face shields, and masks, during the pandemic in 2020. Major market players are also working together with hospitals, medical institutions, and NGOs to offer PPE directly to get a competitive advantage.

One of the most prominent countries in North America is the U.S., the country places a strong emphasis on worker safety in industries including automotive, oil & gas, and chemicals. The absence of gloves was contributing factor in nearly 23% of workplace injuries in 2018 according to the U.S. Bureau of Labor Statistics. Companies are becoming more aware of the worker’s safety due to stringent regulations for safety, which, in turn, is expected to drive the industry growth in the country. The growing public awareness about the importance of good hygiene to prevent the transmission of viruses, germs, and other pathogens brought on by improper handling of food products in bakeries, food & beverage establishments, and restaurants will support the growth.

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Hand Protection Equipment Industry Data Book Competitive Landscape

The industry focuses on research & development activities to develop new technologies for manufacturing products and integration across various stages of the value chain to gain a competitive edge in the market.

Key players operating in the Hand Protection Equipment Industry are:

Atlantic Safety Products, Inc.
Ammex Corporation
Kimberly-Clark Corporation
Sempermed USA, Inc.
Halyard Health, Inc.

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What are the Latest Technological Advancements in the Agriculture Equipment Industry?

Agriculture Equipment Industry Data Book - Agriculture Tractors & Tractors Implements, Agriculture Equipment Market Size, Share, Trends Analysis, and Segment Forecasts, 2022 - 2030

The global Agriculture Equipment Industry was valued at USD 286.03 billion in 2022 and is anticipated to increase at a significant CAGR of 6.2% from 2023 to 2030.

Grand View Research’s agriculture equipment industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Agriculture Equipment Market Insights

The global agriculture equipment market size was valued at USD 155.7 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030. Increasing mechanization in agriculture sector coupled with surge in farmers’ income is expected to be a primary factor driving the growth. Favorable climatic conditions for food production and government support with loan waiver schemes for farmers of all income categories are also presumed to favor the market growth. Technologically advanced agricultural robotics, such as autonomous tractors and flying drones to help farmers produce food at low costs to fulfill the growing demand for food, are anticipated to be better prospects for market growth over the forecast period.

Favorable government initiatives are anticipated to drive the growth of the market during the forecast period. For instance, the Russian government is attempting to trigger investment in capital purchases by proposing several subsidies for strategically significant sub-sectors including meat and milk production. The Ministry of Agriculture sanctioned 464 projects worth USD 4 billion, expected to receive government support food security and reduce livestock imports. Moreover, factors such as lack of human resources and availability of easy credit and funds are projected to spur the demand for tractors and other farm equipment in other emerging countries over the forecast period.

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Agriculture Tractor Market Insights

The global agricultural tractor market demand was valued at USD 88.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% from 2022 to 2030. The increase in demand for compact tractors on small farms and technical developments such as the integration of telematics with agricultural tractors are expected to drive growth. Furthermore, the quick adoption of mechanization is expected to be favorable for the market's expansion during the following eight years. Additionally, it is anticipated that the market will witness growth due to the migration of farm workers to cities, which would result in a labor shortage. Due to the brief production halt and supply chain disruption caused by the COVID-19 outbreak, product demand was impeded.

However, in H1 2022, the demand for tractors bounced back significantly with double-digit growth in major economies, such as the U.S., Canada, the U.K., Germany, China, and India. Also, strong crop production in these markets, along with the need to replace aging equipment, increased product sales in H1 2022. However, a sudden increase in demand led to lower inventory levels of tractors in H2 2022, a trend expected to continue over the next few quarters of 2022. In 2022, OEMs are presumed to increase agricultural tractor prices from 4% to 22%, which is anticipated to slow down the market growth. It is attributed to low inventory levels of tractors experienced by dealers.

Also, OEMs are currently experiencing a shortage of semiconductors coupled with supply chain disruptions and market uncertainty due to the growing COVID-19 cases, which may delay production. Furthermore, a hike in steel and aluminum prices is expected to increase tractor prices, which is further anticipated to hinder market growth over the next few quarters. Favorable government policies are likely to boost market growth over the forecast period. For instance, on September 15, 2022, the U.S. Department of Agriculture (USDA) introduced a Precision Agriculture Loan (PAL) Act to allow farmers and ranchers to avail of loans to purchase precision agriculture equipment.

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Agriculture Equipment Industry Data Book Competitive Landscape

Companies are engaging in several growth strategies, such as partnerships, mergers & acquisitions, and product launches, to stay afloat in the competitive industry.

Key players operating in the Agriculture Equipment Industry are:

Escorts Ltd.
International Tractors Ltd.
Yanmar Co., Ltd.
Kubota Corp.
Mahindra & Mahindra Ltd.

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Footwear Industry: Traditional/Non-sustainable Footwear Market Size to grow at 4.3% CAGR by 2030

Footwear Industry Data Book - Athletic, Non-athletic, Sustainable and Traditional/Non-sustainable Footwear Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Footwear Industry was valued at USD 387.74 billion in 2022 and is anticipated to increase at a significant CAGR of 4.3% from 2023 to 2030.

Grand View Research’s footwear industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

Athletic Footwear Market Insights

The global athletic footwear market size was valued at USD 133.13 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5% from 2023 to 2030. Growing enthusiasm and awareness regarding the health benefits of sports and fitness activities, the flourishing retail e-commerce sector worldwide, and rising levels of disposable income of consumers are estimated to be the key trends stoking the market growth. Youngsters are getting keen on adopting a healthy lifestyle and are hence participating actively in sports and other related activities. At the same time, people have started realizing that sports and fitness activities can help ensure good health and reduce the risk of chronic disorders such as depression, cardiovascular diseases, and diabetes.

Increasing environmental concerns are restraining the growth of the athletic footwear industry. The active measures taken by the government and environmental groups toward pollution act as a restraint for the market. Industry is one of the main causes of the pollution of the rivers and environment. For instance, Puma along with other sportswear brands including Nike and Adidas was addressed as ‘Dirty Laundry’ as the subject of a report by the environmental group Greenpeace. Puma was accused of working with suppliers in China who, according to the report, contributed to the pollution of the Yangtze and Pearl rivers.

Prominent players in the market, such as Nike, Inc.; Adidas AG; Skechers USA, Inc.; and New Balance Athletics, Inc. are focusing on developing innovative technologies to increase the stability of sports shoes and make them comfortable. For instance, Adidas AG has innovated a Forged Mesh, a single-layer shoe upper with a ribbed pattern created using ARAMIS motion capture technology for determining the strain exerted on the foot. The technology helps provide maximum flexibility and adequate support along the ankle to ensure free foot movement. Other technologies patented by Adidas AG include Adaptive Traxion, Boost, Bounce, Climachill, Promeknit, and Stableframe.

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Sustainable Footwear Market Share, by Product, 2022 (%)

Sustainable Footwear Market Insights

The global sustainable footwear market size was estimated at USD 6.78 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. Growing consumer awareness and concern for environmental sustainability have increased the demand for eco-friendly footwear options. In addition, advancements in sustainable materials and production methods have enabled manufacturers to offer stylish and functional footwear that meets the preferences of eco-conscious consumers. Government regulations and incentives promoting sustainable practices in the fashion industry have further accelerated market growth. Moreover, the rise of ethical and socially responsible consumer behavior has boosted the adoption of sustainable footwear brands.

Sustainability has been observed to be a key trend over the years. On this front, many experts believe that innovations in production will continue to gather momentum. Many prominent market participants, including Nike and Adidas, contributed to the sustainable methods of production, such as reduced labor costs and wastage. Digitization also allows to create sample footwear with better materials and enables the use of a 3-D printer for predicting a single shoe in multiple forms, patterns, and colors.

Many footwear companies have begun to make substantial changes in their production methods. They are increasingly incorporating recycled and sustainable materials into their product lines, such as recycled PET plastics, organic cotton, and sustainable alternatives to leather. This shift reduces the consumption of virgin resources and helps divert waste from landfills. In September 2023, Nike launched its innovative recyclable shoe, the ISPA Link Axis. This groundbreaking shoe, accessible through Nike's SNKRS app, is engineered for complete disassembly, allowing each component to undergo full recycling. Nike's design approach for this shoe incorporates interlocking parts, eliminating the need for adhesive materials and minimizing the overall use of resources.

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Footwear Industry Data Book Competitive Landscape

Prominent players hold a significant market share and have established a strong global presence. Alongside these industry leaders, there are also smaller to medium-sized players that focus on offering a specific range of footwear and primarily cater to regional customers.

Key players operating in the Footwear Industry are:

Crocs, Inc.
Martens
Salomon Group
ECCO Sko A/S
Merrell

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Ferroalloys Industry: Ferrochrome Market Size to grow at 4.6% CAGR by 2030

Ferroalloys Industry Data Book - Ferro Manganese, Ferrochrome, Silico Manganese and Ferrosilicon Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Ferroalloys Industry was valued at USD 42.7 billion in 2020 and is anticipated to increase at a significant CAGR of 7.1% from 2021 to 2028.

Grand View Research’s ferroalloys industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.

Silico Manganese Market Insights

The global silico manganese market size was valued at USD 26.74 billion in 2021 and is estimated to expand at a compounded annual growth rate (CAGR) of 6.5% in terms of revenue from 2022 to 2033.Rising demand for steel products in the construction & infrastructure industry is anticipated to drive the market growth over the forecast period. Silico manganese is used in steel manufacturing to improve its properties such as strength, ductility, and corrosion resistance. It is also used in refining, deoxidizing, modification, and control of nonmetallic inclusions. Thus, rising production and consumption of steel are likely to have a positive impact on market growth. Over the course of the projected period, it is anticipated that rising investments in steel production facilities would increase demand for silico manganese in the U.S. For instance, by the end of 2023, a sum of around USD 16.00 billion is anticipated to be invested in the U.S. steel industry for modernizing, decarbonizing, and electrifying manufacturing facilities.

In addition, rising investments in residential and non-residential construction projects are anticipated to increase steel demand in the U.S., which is therefore anticipated to positively impact the silico manganese industry across the forecast period. For instance, in April 2022, Google announced its plan to invest USD 9.5 billion in the construction of its data centers and offices across the U.S. The company is investing in Virginia, Oklahoma, Tennessee, Boulder, Pittsburgh, Cambridge, and Austin.

It has been observed that investments in the aluminum industry are growing. For instance, in February 2022, Volvo Cars announced about an investment of USD 1.1 billion in aluminum mega castings in its Torslanda production plant in Sweden, to make the production process less complex and reduce the overall environmental footprint. Consequently, this steady preference change from steel to aluminum has negatively impacted the profit margins of steel foundries serving the automotive industry.

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Ferrosilicon Market Insights

The global ferrosilicon market size was valued at USD 11.25 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030. The growth is anticipated to be driven by the rising use of ferrosilicon as a deoxidizer in the steel industry and as an inoculant in cast iron. Growing demand for steel is compelling producers to increase their production capacity. For instance, in January 2022, AM/NS India signed an MoU with the Government of Gujarat, under which the company will invest over USD 22.0 billion in six projects across the state. An investment of USD 5.97 billion will be for expanding its steel production from 8.6 to 18.0 million tons per annum in the Hazira plant.

The growing investments in the infrastructure have increased competition in the industry, compelling market players to indulge in mergers & acquisitions and capacity expansions. For instance, in December 2020, Cleveland-Cliffs Inc. acquired ArcelorMittal USA and its subsidiaries. The acquired assets will be combined with existing facilities, transforming the company into a vertically integrated producer of iron and steel.

Furthermore, growth in the electric vehicles (EVs) industry is benefitting market growth. For instance, in November 2021, POSCO announced to invest KRW 1 trillion (~USD 831.4 million) in building a non-oriented electrical steel plant with an annual production capacity of 300 kilotons in Gwangyang. The plant will cater to the drive motors of EVs.

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Ferroalloys Industry Data Book Competitive Landscape

The industry is expected to witness additional investments from established major companies in the next years owing to the competitive market outlook.

Key players operating in the Ferroalloys Industry are:

Eurasian Resource Group
Ferroalloys Corporation Limited
Ferroglobe
Finnfjord AS
Glencore

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Flat Glass Industry: Home Appliance Glass Market Size to expand at 4% CAGR by 2030

Flat Glass Industry Data Book - Coated Glass, Home Appliance Glass, Fire Resistance Glass, Automotive Glass and Glass Facade Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Flat Glass Industry was valued at USD 292.95 billion in 2022 and is anticipated to increase at a significant CAGR of 4.1% from 2023 to 2030.

Grand View Research’s flat glass industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

Coated Glass Market Insights

The global coated glass market size was estimated at USD 32.32 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.3% from 2022 to 2030. Rising penetration of green buildings and increasing emphasis on improving energy efficiency are projected to benefit market growth over the coming years. Coated glass is used in residential and commercial buildings to cool rooms and allow maximum visible light. By reflecting infrared energy, temperature inside building is cooler, reducing dependence on air conditioning systems. This product is also used in colder regions to maintain a warm temperature in the room. In the building & construction industry, coated glass is generally used as insulated glazing units in façades and windows. As a result, the growth of the construction industry in the US is predicted to benefit the coated glass industry.

The US's USD 1.2 trillion Bipartisan Infrastructure Bill is expected to prove fruitful for market growth. This bill is projected to drive the structure value for transportation infrastructure at a standard rate of 8.9% from 2020 to 2025, which is anticipated to benefit the expansion of rails, ports, bridges, telecommunications, water transport, EVs, broadband, and energy. Construction industry recovered well in 2021 as COVID-19 cases were reduced. However, it witnessed subdued demand in 2022 due to tighter and aggressive monetary policy and higher borrowing rates. The industry outlook remained uncertain throughout 2023 owing to looming recessionary fears and soaring energy prices.

Jumbo-coated architectural glass is a significant trend in the global market. As a result, companies are establishing jumbo coaters to serve their demand. For instance, in December 2023, Emirates Glass LLC, a leading glass industry company, continued to focus on innovation and quality standards with investment in new machinery & equipment to install a Jumbo Series production line with Vortex Pro Convection technology. This latest production line can manufacture coated glass with high and low emissivity levels of 8cm and 0.02cm, respectively.

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Home Appliance Glass Market Consumption share, by region, 2021 (%)

Home Appliance Glass Market Insights

The global home appliances glass market size was valued at USD 7.32 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. Increasing sales and the production of refrigerators, ovens, display cabinets, microwaves, and induction cooktops are anticipated to augment the market growth. In September 2021, as part of its USD 60 million investment, GE Appliances opened a new assembly line for producing four-door refrigerators in Kentucky, U.S. Tempered glass is a common material used in the interior, exterior, and control panels of appliances such as refrigerators, cookware, and microwaves. Thus, rising investments in expanding the production capacity of appliances are benefiting market growth.

The penetration of connected devices is increasing in developing economies such as India as well, which is anticipated to prove fruitful for market growth. For instance, in November 2022, Up, a Bengaluru, India-based smart home appliance start-up company, raised USD 1.3 million in pre-seed funding. The start-up company is engaged in making connected home appliances and will use its funding in a go-to-market strategy for its first product delishUp.

The market growth is however anticipated to be restrained by the availability of substitutes. For instance, acrylic polymer makes an excellent replacement for glass on account of its optical clarity, less weight, and scratch resistance. As a result, along with windows and lenses, acrylic is replacing the product in refrigerators as well.

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Flat Glass Industry Data Book Competitive Landscape

Market players formulate their strategies keeping in mind the rising penetration of flat glass in numerous applications, advancements in glass and coating technologies, and raw material costs, along with the performance of the key application industries namely automotive, construction, energy, and electrical. Key players are focused on developing innovative products.

Key players operating in the Flat Glass Industry are:

China Glass Holding Ltd.
Euroglas
Fuyao Glass Industry Group Co., Ltd.
Gurdian Industries
Nippon Sheet Glass Co., Ltd.

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Steel Industry: Weathering Steel Market to expand at 5.6% CAGR During the Forecast Period

Steel Industry Data Book - Stainless Steel, Carbon Steel, Electrical Steel, Weathering Steel and Sintered Steel Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Steel Industry is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s steel industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.

Stainless Steel Market Insights

The global stainless steel market size was estimated at USD 104.23 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030. Private and public investments in infrastructure, as well as residential housing are likely to provide a boost to stainless steel (SS) demand. Stainless steel is an important material in industrial applications, such as building & construction, infrastructure, railways, automotive & transportation, and process industries. Stainless steel has a unique edge over carbon steel as it has a combination of properties, such as pliability, strength, corrosion resistance, aesthetic properties, low maintenance cost, and average product life cycle.

For structural purpose, SS products are used in beams, columns, and general architectural applications. It is used in railings, roofing, lifts, staircases, swimming pool shades, canopies, and atriums among others. In November, the Biden government introduced USD 2 trillion plan for infrastructure. It includes heavy fund allocation for repair and renovation of bridges, highways, EV charging facilities, airports, water infrastructure, communication networks, high-speed internets, clean energy & environment, and carbon reduction. This plan is likely to assist the SS demand for structural applications in infrastructure and construction.

Stainless steel market prices are highly influenced by factors such as shipping & labor costs, currency fluctuations, elasticity of demand & supply, and trade-related tariffs. Since 2023, various geopolitical conflicts in Eastern Europe, Western Asia and Horn of Africa have strained routes of shipping, thereby increasing freight costs, which in turn have added to soaring stainless steel prices.

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Electrical Steel Market Insights

The global electrical steel market size was valued at USD 28.53 billion in 2023 and is expected to grow at a compounded annual growth rate (CAGR) of 4.7% from 2024 to 2030. Increasing electricity generation worldwide is one of the key driving factors for market growth. As the name implies, electrical steel possesses enhanced electrical properties such as high permeability, high electrical resistivity, low hysteresis loss, and low magnetostriction. These properties make it highly desirable for applications related to electricity consumption, distribution, and generation.

Electrical steel finds application in generators, electric motors, relays, solenoids, and other electromagnetic devices, which are further used in power distribution systems and other related applications. The U.S. is the second-largest electricity generator in the world. In 2022, the country generated around 4,243 TWh of electricity, a 6.4% increase compared to 2021. The growth in the electric vehicles (EVs) industry is another driver for the market. Electrical steel contains specific magnetic properties, which makes it of vital use in rotors and stators in motor of an EV. The product helps enhance motor efficiency by minimizing core energy losses and accelerating vehicle’s range.

Rising demand for electrical steel has compelled manufacturers to expand their production. For instance, in May 2021, JSW Steel and JFE Steel Corporation signed an MoU to begin a feasibility study for establishing a joint venture company in India for manufacturing and sales of electrical steel sheets in the country.

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Steel Industry Data Book Competitive Landscape

The global industry is characterized by the presence of large players who are increasingly facing pressure owing to the advent of advanced technologies and newer market players. The development of diversified product portfolios and extensive R&D activities for improved product offerings has driven competition in the market. Furthermore, an increasing focus on digitalization by manufacturers to address various challenges has become a major trend.

Key players operating in the Steel Industry are:

Ansteel Group
ArcelorMittal
Baotou Steel
China Baowu Group
China Steel Corporation

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Immersive Media Industry Top Players Analysis: Epic Games, Inc and Infinity Augmented Reality Inc.

Immersive Media Industry Data Book - Augmented Reality, Metaverse and Virtual Reality Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 - 2030

The global Immersive Media Industry was valued at USD 86.02 billion in 2021 and is anticipated to increase at a significant CAGR of 36.3% from 2022 to 2030.

Grand View Research’s immersive media industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Augmented Reality Market Insights

The global augmented reality market size was valued at USD 25.33 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 40.9% from 2022 to 2030. The surge of interest among leading market players such as Google LLC, Microsoft Corporation, Apple, Inc., and others in employing augmented reality (AR) in numerous applications is creating new opportunities. Additionally, the market in media and entertainment is increasing, such as with the rising use of augmented reality in the gaming sector to give participants a view with highly effective video, graphics, and sound, which is anticipated to be a major growth factor.

Augmented reality provides interactive experiences through various sensory modalities, such as somatosensory, visual, auditory, haptic, and others. This technology has numerous applications in education, training, and entertainment. Furthermore, it is increasingly being used in industries such as logistics, healthcare, and manufacturing for monitoring, assistance, maintenance, and training.

Virtual Reality Market - Component Distribution

Virtual Reality Market Insights

The global virtual reality (VR) market size was estimated at USD 21.83 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 15.0% from 2022 to 2030. Virtual reality enables users to experience a three-dimensional environment in the real world. This immersive experience for consumers is created by VR technology through gadgets, such as VR headsets, glasses or gloves, and bodysuits. VR technology has also transformed the gaming and entertainment sectors by enabling users to engage themselves in a highly simulated environment. Furthermore, the increasing use of virtual reality (VR) in instructional training, such as for field workers, engineers, mechanics, pilots, defense personnel, and technicians in various industrial sectors, is propelling the market’s growth.

In addition, VR is widely used in various industries, such as automotive and healthcare, due to its operational benefits. For instance, virtual reality allows engineers to test a vehicle's design and construction at an early stage before beginning costly production in the automobile industry. For instance, BMW uses mixed reality (augmented & virtual reality) in development and vehicle engineering processes. Moreover, the advent of VR exposure therapy is expected to increase the trend for using advanced technologies for treating people with mental health issues. Furthermore, travel companies use VR technology to enable potential tourists to take a virtual tour of monuments, iconic destinations, parks, and more. During the COVID-19 outbreak, various industries were shut down briefly, and lockdowns were imposed to reduce the spread of the virus, which, in turn, impacted business operations across regions.

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Metaverse Market Insights

The global metaverse market size was estimated at USD 38.85 billion in 2021. It is expected to grow at a compound annual growth rate (CAGR) of 39.4% from 2022 to 2030. Major factors expected to drive the revenue growth include a growing focus on integrating digital and physical worlds using the Internet, increasing momentum and popularity of Mixed Reality (MR), Augmented Reality (AR), and Virtual Reality (VR), and the outbreak of COVID-19, as well as the situation’s subsequent developments and outcomes.

The metaverse is a term used to describe a highly immersive 3D virtual world experience obtained through the use of a mixture of technologies such as AR, VR, and MR. The metaverse platform elevates the internet experience by establishing a virtual world in which users can engage in immersive gaming, conduct business, socialize, buy and sell virtual real estate, and enjoy immersive entertainment, among other things.

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Immersive Media Industry Data Book Competitive Landscape

The key market players in the Immersive Media industry continuously seek various initiatives including mergers and acquisitions, strategic alliances, and new development launches. These vendors bear expertise in the Immersive Media industry and have a strategic presence across the globe. This, in turn, has enabled these companies to successfully defend their position in the market.

Key players operating in the Immersive Media Industry are:

Alphabet Inc. (Google)
Barco
Blippar
Epic Games, Inc
HTC Corporation

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Flooring Industry: Resilient Flooring Market Size to grow at 6.1% CAGR by 2030

Flooring Industry Data Book - Ceramic Tiles, Resilient Flooring, Soft Covering Flooring, Wood & Laminate Flooring Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Flooring Industry was valued at USD 266.48 billion in 2022 and is anticipated to increase at a significant CAGR of 5.6% from 2022 to 2030.

Grand View Research’s flooring industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

Ceramic Tiles Market Insights

The global ceramic tiles market size was estimated at USD 59,692.1 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. Increasing demand for aesthetically, superior and durable wall and floor covering solutions and consumer trends in floor design have been driving industry growth of the market over the past few years. Expansion of offices & workspaces, improving consumer lifestyle, and rapid urbanization are factors that have also contributed to the market growth. The tremendous cost of rehabilitation has created a demand for materials with a much longer life span and requiring minimal maintenance. This is expected to have a positive impact on the industry over the forecast period. Ceramic tiles are available in a variety of colors, textures, and sizes which has led to an increase in the attractiveness of this market segment over the past years.

The growth in construction spending in the emerging Middle Eastern and Asia Pacific economies can be attributed to the strong industrial and economic development coupled with population expansion, which is likely to have a positive impact on the demand for ceramic tiles in these regions over the forecast period. Furthermore, the governments of emerging economies have invested significantly in public infrastructures such as offices, building hospitals, and housing societies.

The positive outlook of the healthcare sector in the U.S. is expected to promote the demand for anti-bacterial, stain & water-resistant, low-maintenance, and highly durable flooring over the forecast period. Changing consumer preferences coupled with increasing options for decorative flooring to improve the aesthetics of commercial buildings such as offices and business centers are further expected to promote the demand over the forecast period.

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Resilient Flooring Market Insights

The global resilient flooring market size was USD 29,225.3 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. This growth is attributed to the benefits of resilient flooring, such as impact & scratch resistance, waterproofing, odor-proofing, and durability, in comparison to other flooring alternatives. In addition, the expansion of ultramodern workspaces and offices and rapid urbanization would further escalate the growth of the resilient flooring market.

The emergence of India, Taiwan, and Mexico as the upcoming manufacturing hubs will not only result in the establishment of factories but also in the migration of large population close to these centers, thus resulting in the development of new cities or expansion of the existing cities. This factor is expected to play an important role in developing the market for resilient flooring over the forecast period.

With an ever-increasing growth in interior segment and real estate, floor covering solutions, accessories, and equipment have gained considerable importance. The product is expected to continue its dominance, as it is economical and offers considerable longevity in comparison to conventional solutions.

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Flooring Industry Data Book Competitive Landscape

The manufacturers aim to achieve optimum business growth and strong market position through implementation of various strategies such as acquisitions, new product launch, collaborations, and strengthening of distribution network in the global as well as regional markets.

Key players operating in the Flooring Industry are:

Shaw Industries, Inc.
Interface, Inc.
Gerflor
Mannington Mills, Inc.
Polyflor

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Clinical Trial Recruitment Industry Top Players Analysis: Clinical Site Services (CSSi) and Antidote

Clinical Trial Recruitment Industry Data Book - Clinical Trial Patient Recruitment, Site Management Organization and Support Services Market Size, Share, Trends Analysis, and Segment Forecasts, 2023 - 2030

The global Clinical Trial Recruitment Industry was valued at USD 15.7 billion in 2021 and is anticipated to increase at a significant CAGR of 6.1% from 2022 to 2030.

Grand View Research’s clinical trial recruitment industry data book is a collection of market sizing information & forecasts, legal authorizations, payout/reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Clinical Trial Patient Recruitment Market Insights

The global Clinical Trial Patient Recruitment Market size was estimated at USD 780 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 8.0% from 2022 to 2030. The growing number of clinical studies globally is one of the key reasons supporting the demand for clinical trial patient recruitment services. Moreover, there is a growing amount of funding for clinical research, and the wide adoption of digital technologies in clinical research further supports the market's growth. For instance, in October 2021, the U.S. FDA approved 11 new clinical trial research, resulting in over USD 25 million in funding over the next 4 years. These grants aim to support the development of new medical products specifically for treating rare diseases.

Clinical trial patient recruitment service providers offer valuable assistance to pharmaceutical companies by streamlining the recruitment process and improving patient retention throughout the clinical trial. As a result, many companies are now outsourcing patient recruitment services to these specialized organizations. This trend creates opportunities for market players in the patient recruitment services sector to expand their global presence and meet the growing demand for efficient and effective patient recruitment strategies in clinical trials.

Clinical Trial Recruitment Industry Strategic Developments, by Industry Participants

Clinical Trial Site Management Organization Market Insights

The global clinical trial site management organizations market size was estimated at USD 4,792.5 million in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030. The market has noticed critical growth on account of rising R&D investments by pharmaceutical companies owing to high burden of chronic and infectious diseases. Apart from this, the COVID-19 pandemic has contributed significantly to clinical trials demand, as of 12th April 2022, over 4,645 studies for COVID-19 were in the active stage. Robust dug pipeline and sponsors are key growth determinants of this market.

Clinical research sites have historically been a highly fragmented sector, consisting largely of part-time physician practices and small stand-alone companies. Consolidation has been occurring at an unprecedented rate, with sites coming together under common ownership or administration to operate as a single network. There are two business models in the clinical research industry for clinical trial sites: free-standing research sites, or dedicated research centers, and physician affiliated clinical trial sites.

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Clinical Trial Support Services Market Insights

The global Clinical Trial Support Services Market size was valued at USD 10,124 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2022 to 2030. The global market is projected to expand rapidly due to the rising demand for trials in emerging economies, rising R&D investment, and an increasing number of contract research organizations (CROs). The pharmaceutical firms’ (R&D) venture has been steadily increasing every year, largely due to patent expirations. An ordinary patent terminates after 20 years; in the pharmaceutical area, there is an arrangement that provides for the entry of a generic version of the medication into the market following a time of 10 years. Thus, firms are boosting their R&D interests to speed the advancement of drugs, subsequently extending the whole market.

Clinical trials support services are quite useful in the event of a drug, assay design, and clinical testing. It also covers tasks such as strengthening clinical test locations, securing and storing research medicines, drug dosage calculation, and kit handling. Preclinical groundwork and research are provided by clinical test support services, which include clinical test site assistance, obtaining and storing study drugs, blinding of study drugs, patient recruiting, coordination, and reconciliation of returned medications.

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Clinical Trial Recruitment Industry Data Book Competitive Landscape

Market players are undertaking various strategic initiatives, such as the signing of new partnership agreements, collaborations, mergers & acquisitions, and geographic expansion, aiming to strengthen their services, thus providing a competitive advantage.

Key players operating in the Clinical Trial Recruitment Industry are:

Elligo Health Research
Clinedge
WCG
ClinChoice
Access Clinical Research

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