Energy Harvesting System Market Size, Application, End-Use Estimates and Product Analysis by 2028

Energy Harvesting System Industry Overview

The global energy harvesting system market size was valued at USD 452.2 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 10.2% from 2020 to 2028. The growing applications of the Internet of Things (IoT) including smart cities, smart homes, Industrial IoT (IIoT), and Machine-to-Machine (M2M) communications, among various others are further expected to drive the market. Factors, such as growing environmental awareness, supportive government policies, and Greenhouse Gas (GHG) emission reduction targets, and rising demand for energy are expected to drive the market over the forecast period. Increasing R&D initiatives for the development of new technologies are also expected to augment the market growth.

The U.S. accounted for the largest share of the North American regional market in 2020. The U.S. is among the early adopters of energy-efficient solutions in the world for sectors, such as power generation and energy harvesting. This can be attributed to the increased importance given to clean energy solutions as per the energy act introduced by the U.S. government.

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North America, led by the U.S., Mexico, and Canada, accounted for the second-largest revenue share of the global market in 2020 owing to the presence of intelligent building and building automation vendors. Favorable policies and regulations regarding increasing energy efficiency of buildings and high awareness regarding green buildings have driven the market growth.

The COVID-19 pandemic is expected to hinder the market growth to some extent owing to reduced demand from various end-users. The product manufacturers have taken subsequent steps to provide services to end-users that have signed long-term contracts with them.

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Nuclear Decommissioning Services Market - The global nuclear decommissioning services market size was valued at USD 6.05 billion in 2021 and is projected to register a CAGR of 5.1% during the forecast period.

Oil Storage Market - The global oil storage market volume was estimated at 1,649.5 MCM in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.98% from 2022 to 2030.

Energy Harvesting System Market Segmentation

Grand View Research has segmented the global energy harvesting system market based on technology, vibration technology, component, application, and region:

Energy Harvesting System Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Lights
• Vibration
• Radio Frequency
• Thermal

Energy Harvesting System Vibration Technology Outlook (Revenue, USD Million, 2017 - 2028)

• Piezoelectric
• Electromagnetic
• Electrostatic
• Electrodynamic

Energy Harvesting System Component Outlook (Revenue, USD Million, 2017 - 2028)

• Sensor
• Transducer
• Power Management IC (PMIC)
• Secondary/Backup Battery
• Others

Energy Harvesting System Application Outlook (Revenue, USD Million, 2017 - 2028)

• Consumer Technology
• Home & Building Automation
• Industrial
• Transportation
• Security
• Others

Energy Harvesting System Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Energy Harvesting System market include

• ABB
• Schneider Electric
• Bionic Power, Inc.
• STMicroelectronics
• Cymbet
• EnOcean GmbH
• Powercast Corp.
• Mahle GmbH
• Analog Devices, Inc.
• Texas Instruments, Inc.

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Engineered Stone Market PESTEL Analysis and Key Growth Opportunities, 2028

Engineered Stone Industry Overview

The global engineered stone market size was estimated at USD 20.28 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. Increasing demand for aesthetically pleasing, durable substitutes to natural stone and growing utilization of green construction materials is expected to propel the market growth. The ongoing COVID-19 pandemic has significantly impacted the global supply chains as major economies across the globe delayed the construction projects. Due to this, demand for engineered stone products has been reduced in residential and non-residential sectors. However, with the ease of lockdown and global trade restrictions, the situation is expected to recover in 2022, which will restore the growth trajectory of the market.

In 2020, blocks & slabs emerged as the largest product segment. Rising investments in the construction of large commercial & residential buildings and growing demand for fancy countertops to improve the aesthetics in the interior structure are expected to propel the demand over the forecast period. The product, also known as quartz, is produced from marble or quartz crystal aggregates, as well as other rocks, that are set in a resin binder, such as epoxy.

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Breton SpA, a leading Italian company in the field of manmade stone products, developed a patented process that is used to make nearly all of the engineered stone produced across the world. The development of appealing and aesthetic infrastructure is the key driver for the adoption of engineered stone. It has been a popular choice for household applications, such as vanities, kitchen countertops, walls, and flooring due to its elegant appearance.

Along with its relatively lower cost, it offers considerable longevity compared to alternate natural stone products. Rapid growth in the residential and commercial construction sectors is increasing the demand for engineered stone across the globe. It is suitable for use in hospital food facilities, canteens, and commercial buildings due to properties such as non-porousness and durability.

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Wood Based Panel Market - The global wood based panel market size to be valued at USD 247.23 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% during the forecast period.

Cool Roof Market - The global cool roof market size to be valued at USD 27.1 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% during the forecast period.

Engineered Stone Market Segmentation

Grand View Research has segmented the global engineered stone market on the basis of product, manufacturing process, application, and region:

Engineered Stone Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• Tiles
• Blocks & Slabs

Engineered Stone Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• Countertops
• Flooring
• Others

Engineered Stone Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Engineered Stone market include

• LG Hausys
• Johnson Marble & Quartz
• Technistone A.S.
• St.A. WORLD-WIDE
• Caesarstone Ltd.
• Belenco
• Quarella Group Ltd.
• Quartzforms
• Stone Italiana S.p.A.
• Cosentino S.A.
• VICOSTONE

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Law Enforcement Personal Protective Equipment Market Application Outlook and Research Report by 2028

Law Enforcement Personal Protective Equipment Industry Overview

The global law enforcement personal protective equipment market size was valued at USD 3.28 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% from 2019 to 2028. Safety of law enforcement officers while performing their duty to ensure safety and security and to detect, prevent, and prosecute violations expected to drive the demand for personal protective equipment over the forecast period. Police officers deployed on the ground level during the pandemic are exposed to the coronavirus, particularly when in direct contact with the public. Since the COVID-19 pandemic, the police force has played a critical role in assisting attempts to contain the disease and build safer communities. This has increased the demand for respiratory, hand, and eye protection used by officers.

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The COVID-19 pandemic has increased the demand for law enforcement PPE such as protective clothes, respirator masks, face shields, surgical masks, and goggles. The demand for PPE, especially respiratory, hand, and eye protection PPE, continues to be high since the threat of the virus is still imminent. Since PPE continues to be an indispensable part of safety during the pandemic, the market is expected to observe growth in the coming years.

According to the Global Peace Index, civil unrest has more than doubled in the last decade because of escalating challenges such as police brutality and economic hardship. As of 2021, around 5,000 pandemic-related violent events from January 2020 to April 2021, and tensions were recorded as the coronavirus pandemic has a detrimental influence on civil rights and violence, political stability, and conflict.

Hi-Vis clothing, protective vests/body armors, coveralls/gowns, eye protection, head protection helmets, breathing devices, gloves, and footwear are examples of personal protective equipment (PPE) worn by law enforcement personnel during battle or training. These PPE are designed to protect enforcement personnel from biological, chemical, physical, and radioactive threats on duty.

In response to the COVID-19 pandemic, various government agencies relaxed rules relating to the value chain to ensure uninterrupted supply, boost production capacity, and control PPE export. Furthermore, the pandemic's long-term impact includes strategic stockpiling of vital supplies, a significant rise in various players' manufacturing capacity, and an increase in the number of mergers and acquisitions as well as new entrants.

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Personal Protective Equipment Market - The global personal protective equipment market size was valued at USD 77.36 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2020 to 2028. 

Face Shields Market - The global face shields market size was valued at USD 1.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.4% from 2020 to 2027.

Law Enforcement Personal Protective Equipment Market Segmentation

Grand View Research has segmented the global law enforcement personal protective equipment market on the basis of product and region:

Law Enforcement PPE Product Outlook (Revenue, USD Million, 2017 - 2028)

• Protective Clothing
• Respiratory Protection
• Eye & Face Protection
• Head Protection
• Hand Protection
• Others

Law Enforcement PPE Regional Outlook (Revenue, USD Million, 2017 - 2028)

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

Market Share Insights:

October 2021: DuPont introduced Core Matrix Technology that improves fragmentation and ballistic performance in armors, thereby improving the safety of law enforcement officers on duty.

Key Companies profiled:

Some prominent players in the global Law Enforcement Personal Protective Equipment market include

• 3M
• The SAFARILAND Group
• MSA Safety
• Honeywell International Inc.
• DuPont de Nemours Inc.
• XION Protective Gear
• ArmorSource LLC
• Lakeland Industries, Inc.
• Ansell Protective Solutions
• Avon Rubber PLC
• COFRA SRL
• Point Blank Enterprises Inc.
• Ballistic Body Armour Pty
• Craig International Ballistics Pty. Ltd.

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Ferroalloys Market Overview by Product, Application, Regional Demand and Prominent Players, 2028

Ferroalloys Industry Overview

The global ferroalloys market size was valued at USD 42.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2021 to 2028. Incessant production of steel around the world is projected to benefit market growth. Ferroalloys are a group of materials consisting of iron and different alloying elements which are normally used for the production of steel. Ferroalloys are used in steelmaking to improve the specific properties of steel products. The properties such as fatigue strength, tensile strength, corrosion resistance, and ductility are improved through the addition of ferroalloys.

The U.S. market for ferroalloys is supported by the expansion of the steel sector in the country. For instance, in September 2021, United States Steel Corporation has announced an investment of USD 3.0 billion for the construction of a mini-mill for flat steel production. The mill is likely to have 2 modern electric arc furnaces and is likely to produce sustainable steel solutions such as Advanced High Strength Steel (AHSS).

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Similarly, Nucor Steel has started constructing a steel plant in Brandenburg, Kentucky. This boom in the U.S. steel industry is mainly benefited by steel tariffs imposed by Trump Administration. In 2018, the Trump government imposed steel tariffs under section 232 of U.S. trade law. The government is focused to improve steel supply for industries such as infrastructure, armaments, and advanced military equipment.

In the recent past, steel companies have started investing in the country to explore the opportunities in the country. Companies like Ak Steel, CMC, Steel Dynamics, and Cleveland-Cliffs have invested huge amounts in 16 major projects across the nation. Most of the projects will use the electric arc furnace method to produce the steel. Thus, the expansion of the steel industry in the U.S. is likely to attract significant steel demand over the coming years.

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Modular Construction Market - The global modular construction market size was valued at USD 84.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028.

Geosynthetics Market - The global geosynthetics market size was valued at USD 13.80 billion in 2021 and is expected to register a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030.

Ferroalloys Market Segmentation

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

Ferroalloys Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Ferrochrome
• Ferromanganese
• Ferro Silico Manganese
• Ferrosilicon

Ferroalloys Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Carbon & Low Alloy steel
• Stainless Steel
• Alloy Steel
• Cast Iron
• Others

Ferroalloys Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

Market Share Insights:

April 2021: Tata Steel Mining (TSML) has confirmed its plans to double its ferrochrome capacity to 9 lakh tons per annum in India. TSML has already become the largest chrome ore mining company in India after the acquisition of Karmada, Saruabli, and Sukinda mines.

Key Companies profiled:

Some prominent players in the global Ferroalloys market include

• Jindal Group
• Glencore
• Samancore Chrome
• Shanghai Shenjia Ferroalloys Co. Ltd
• Ferro Alloys Corporation Limited.
• C. Feral S.R.L
• China Minmetals
• Tata Steel Limited
• Arcelor Mittal
• SAIL

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Ceramic And Natural Stone Tiles Market Product Outlook, Business Drivers and Competitive Analysis by 2028

Ceramic and Natural Stone Tiles Industry Overview

The global ceramic and natural stone tiles market size was valued at USD 362.7 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028. The rise in the renovation activities of the existing buildings and rapid expansion of the construction sector coupled with the rising demand for construction materials with high durability and quality are anticipated to propel the market growth. The products are available in various colors, textures, and sizes, which has led to increased demand, thereby supporting market growth. In addition, strong economic and industrial development, population expansion, and increase in investments in the residential and commercial sectors are likely to drive the market over the forecast period.

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The market in the U.S. is expected to witness significant growth due to the rising number of single-family houses and strengthening residential replacement. Changing consumer preferences, the growing number of industrial and commercial buildings and the recovery of the residential construction sector are projected to favor the market growth in the country.

The need for the up-gradation of the existing infrastructure and rising demand for highly durable, low-maintenance, and stain-, chemical-, & water-resistant flooring are likely to have a positive impact on the product demand over the period. Increasing decorative flooring options with various dimensions and colors to improve the overall building aesthetics is expected to contribute to the product demand.

Regulatory bodies, such as the European Commission, EPA, and China’s Ministry of Environmental Protection, have passed various initiatives to restrict carbon gas emissions and control water effluent discharge during product manufacturing. Thus, the implementation of strict regulations is expected to hamper the market growth over the forecast period.

The rise in demand for substitutes like rubber and recycled glass tiles along with the stringent regulations and restrictions on mining activities, such as Directive 2006/21/EC guidelines issued by the EU, is expected to limit the market growth. In addition, the temporary shutdown of the construction industries and cancellation or delays in the construction projects due to the global pandemic also restricted the growth of the ceramic and natural stone tiles market.

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Modular Construction Market - The global modular construction market size was valued at USD 84.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028.

Engineered Stone Market - The global engineered stone market size was estimated at USD 20.28 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028.

Ceramic and Natural Stone Tiles Market Segmentation

Grand View Research has segmented the global ceramic and natural stone tiles market on the basis of product and region:

Ceramic & Natural Stone Tiles Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

• Glazed
• Porcelain
• Scratch-free
• Granite
• Limestone
• Travertine
• Others

Ceramic & Natural Stone Tiles Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Ceramic and Natural Stone Tiles market include

• Porcelanosa Grupo
• Grupo Cedasa
• Crossville, Inc.
• Atlas Concorde
• Mohawk Industries

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Modular Chillers Market PEST Analysis, Distribution Channel Outlook and Regional Trend, 2028

Modular Chillers Industry Overview

The global modular chillers market size was valued at USD 2.39 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2028. The growing demand for energy-efficient buildings on account of the rising awareness regarding environmental degradation coupled with stringent government regulations is anticipated to fuel the market growth over the forecast period. Rising awareness about energy-efficient systems and the harmful impacts of burning fossil fuels along with supporting energy-efficient technological innovations is expected to fuel the product demand over the coming years. In addition, tax rebates and financial support for the implementation of energy-saving technologies offered by governments across the globe are anticipated to further stimulate market growth over the forecast period.

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The development of privately-owned construction firms in the UAE, India, and China is anticipated to augment the spending in the construction industry over the forecast period. According to the Global Construction 2030 report, the construction industry is estimated to reach USD 15.5 trillion by 2030, with China, India, and the U.S. contributing to over 57% of the overall growth. The growth in the construction industry in the U.S. is more focused on the southern states due to the high population growth.

Several initiatives promoting and encouraging energy-efficiency have been adopted and implemented in Europe. For instance, the European Commission’s initiative “The European Portal for Energy Efficiency of Buildings” allows exploration and sharing of knowledge and optimal practices offering energy solutions for buildings.

The water used in a modular chiller needs to be treated or filtered to maintain its quality to prevent fouling. Particulate fouling is caused by suspended solids, including sand, silt, mud, and other particulate matter present in the heat transfer medium. This, in turn, entails regular flushing of the system for the removal of organics and dirt in the system.

Public construction witnessed the minimal short-term impact of the Covid-19 pandemic. Companies have been executing their contracts to avoid liquidation damage. However, disruption of supply chains has resulted in shortages of construction equipment and materials, causing delays or cancellations of ongoing projects and lower budgets for future projects.

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Chillers Market - The global chillers market size was estimated at USD 9.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2027.

Recirculating Chillers Market - The global recirculating chillers market size was valued at USD 717.0 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027.

Modular Chillers Market Segmentation

Grand View Research has segmented the global modular chillers market on the basis of product, end-use, and region:

Modular Chillers Product Outlook (Revenue, USD Million, 2017 - 2028)

• Water-Cooled
• Air-Cooled

Modular Chillers End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Commercial
• Residential
• Industrial

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

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

Key Companies profiled:

Some prominent players in the global Modular Chillers market include

• Trane Technologies plc
• Gree Electric Appliances, Inc.
• Carrier
• Frigel
• Midea Group
• Multistack International Ltd.
• McQuay Air-Conditioning Ltd. (Daikin)
• Johnson Controls-Hitachi Air Conditioning
• Haier Group
• Mitsubishi Electric Corp.

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MEA Aluminum Extrusion Market Size, Challenges Analysis, Porter’s Five Forces Study and Forecast, 2028

MEA Aluminum Extrusion Industry Overview

The MEA aluminum extrusion market size was valued at USD 1.6 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028. The increasing use of aluminum products in vehicles is projected to drive market growth over the forecast period. Aluminum extrusions are used in the automobile industry for various applications, such as rear subframes, door instruction beams, seat cross members, stiffeners, front bumper beams, brake, suspension, and steering components. These different applications of aluminum can significantly reduce the weight of vehicles. Hence, the share of automotive applications in the aluminum extrusion market is likely to witness strong growth over the forecast period. Saudi Arabia was the second-largest market in 2020, in terms of volume and revenue, and is likely to register the fastest CAGR over the forecast period.

The growth can be attributed to factors, such as increasing raw material production, potential renewable energy projects, expansion of new automotive plants, and rising industrial production with an increase in the number of plants. All of these factors are expected to propel the demand for aluminum extrusion in the country.

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In 2019, aluminum was one of the top five export commodities of Saudi Arabia, generating approximately USD 1.27 million per annum. The aluminum production in the country has been witnessing positive year-on-year growth for many years, and this trend is anticipated to continue over the coming years owing to the increasing demand for aluminum in various applications including aluminum extrusion.

The automotive industry, an important end-user of the market, is expected to witness moderate growth over the coming years. Of the various factors, the addition of 3 million women drivers by 2020 in the country, would benefit the investors and industry participants in the supply chain of the automotive industry of Saudi Arabia. The growing number of consumers is compelling the automotive manufacturers to construct new plants in Saudi Arabia.

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Recycled Concrete Aggregates Market - The global recycled concrete aggregates market size was estimated at USD 7,708.3 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028.

Magnesium Alloys Market - The global magnesium alloys market size to be valued at USD 6.62 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 9.9% during the forecast period.

MEA Aluminum Extrusion Market Segmentation

Grand View Research has segmented the MEA aluminum extrusion market on the basis of product, application, and region:

MEA Aluminum Extrusion Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Shapes
• Rods & Bars
• Pipes & Tubes

MEA Aluminum Extrusion Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Building & Construction
• Automotive & Transportation
• Consumer Goods
• Electrical & Energy
• Others

MEA Aluminum Extrusion Regional Outlook(Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Saudi Arabia
• UAE
• Oman
• Qatar
• Bahrain
• Kuwait

Key Companies profiled:

Some prominent players in the global MEA Aluminum Extrusion market include

• Alupco
• Gulf Extrusions Co. LLC
• Taweelah Aluminium Extrusion Co. (TALEX) LLC
• National Aluminium Products Company SAOG (NAPCO)
• Balexco Bahrain Aluminium Extrusion Company
• Elite Extrusion LLC

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Hot Melt Adhesives Market Driver, Restraint, Challenges and Opportunities Study by 2028

Hot Melt Adhesives Industry Overview

The global hot melt adhesives market size was valued at USD 7.37 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028. Increasing usage of hot glue adhesives in the packaging industry for various applications such as sealing of boxes and cartons for food and general consumer packaging is propelling the market growth. Hot melt adhesives (HMAs) offer adhesion to a wide variety of materials and surfaces, such as fabric, papers, ceramic, metal, cardboard, and plastics, which makes them suitable for DIY applications. Although DIY is leading in developed economies such as North America and Europe, it is a relatively new concept. The DIY applications include craft, general goods packaging, and wood working.

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The U.S. is a prominent manufacturer and consumer of hot melt adhesives. The product demand increased drastically on account of the lockdown that occurred due to the COVID-19 outbreak. The shutdown led to the growth of e-commerce product delivery services, which augmented both production and consumption activities as hot melt adhesives are widely used in the packaging of parcel boxes.

However, the manufacturing companies faced a shortage in supply of raw materials, such as additives, polymers, and resins, as there was a hike in prices owing to the disruptions caused by the pandemic. The impact of the pandemic was not limited to the raw material side but had an adverse effect on the end-use industries.

Increasing demand for bio-based hot melt adhesives in the U.S. owing to their sustainability is driving the market. For instance, Jowat, a company engaged in manufacturing adhesives, has introduced products made from renewable raw materials, which has received certification from the United States Department of Agriculture (USDA), particularly for the North American market.

Growing construction activities and renovation of the existing buildings are propelling the demand for hot melt adhesives owing to their multiple applications, including the installation of floors, carpets, ceramic tiles, and glasses. The usage of HMA increases the aesthetic appearance of the floor compared to staples and nails.

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Ultraviolet Disinfection Equipment Market - The global ultraviolet disinfection equipment market size was estimated at USD 3.74 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030.

Metal Forging Market - The global metal forging market size was valued at USD 74.36 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030.

Hot Melt Adhesives Market Segmentation

Grand View Research has segmented the global hot melt adhesives market on the basis of product, application, and region:

Hot Melt Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Ethylene-vinyl Acetate (EVA)
• Polyurethane
• Rubber
• Polyolefin
• Others

Hot Melt Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

• Packaging
• Assembly
• Woodworking
• Automotive
• Nonwovens
• Others

Hot Melt Adhesives Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

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

Market Share Insights

September 2021: Meridian Adhesives Group, a leading manufacturer and formulator of water-based and hot-melt adhesives and coatings, had acquired Prime Blend LLC.

October 2020: Pidilite Industries Ltd. had acquired Huntsman Group’s Indian subsidiary Huntsman Advanced Materials Solutions Private Limited (HAMSPL) worth USD 257 million (rupees 2,100 crores) with an aim to expand its product offering for do-it-yourself (DIY) consumer adhesives business. This enables the company to leverage the market growth.

Key Companies profiled:

Some prominent players in the global Hot Melt Adhesives market include

• Henkel AG & Co. KGaA
• B. Fuller Company
• Dow
• Sika AG
• Jowat SE
• Arkema Group
• Ashland
• 3M
• Avery Dennison Corporation
• Beardow Adams

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Pouches Market Analysis Report by Type, Material, Application, Region and Segment Forecasts by 2028

Pouches Industry Overview

The global pouches market size was valued at USD 36.44 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.5% from 2020 to 2028. Rising demand for packaged food and beverages coupled with the convenience of use and cost-effectiveness of pouches are primary factors driving the market growth. Pouches occupy lesser space in transport vehicles owing to their compactness. Moreover, they are lightweight, which significantly reduces the cost associated with transportation. In addition, the availability of multiple closure options in pouches, such as spout, zipper, and tear notch, is fueling the demand. The U.S. is a highly significant and lucrative market due to the presence of major players in the food & beverage industry.

The main driver for pouch-based packaging solutions is the high market penetration of Ready-to-Eat (RTE) meals in the country owing to the busy lifestyle and a high number of working individuals. Pouches are commonly used for the packaging of various food products, including dairy, snacks, smoothies, and others. The global packaged food market has been significantly growing owing to the changing lifestyles and innovations in food processing techniques, which is expected to favor the growth of the market during the forecast period. Flexible packaging products, such as pouches, require significantly lesser raw materials and reduce the overall cost associated with the product packaging while improving the profit margin of the end-use companies. As a result, end-use companies are increasingly adopting flexible packaging formats, which, in turn, is boosting market growth.

Gather more insights about the market drivers, restraints, and growth of the Global Pouches market

The increasing preference for sustainable packaging solutions by the end-use companies owing to the rising regulatory pressure and rising awareness about sustainability among consumers is expected to augment the product demand in the coming years. The manufacturing of pouches requires lesser material, energy, and water. Moreover, such products help reduce landfills after disposable, which improves their sustainability profile. Standup pouches act as a marketing tool as it has a higher surface on which graphics are printed to attract consumers, especially in the supermarkets where the consumer makes a quicker purchase decision. This factor has also been appealing end-use companies towards such packaging format.

With the outbreak of COVID-19, a sharp drop in sales of electronics and personal care products was observed. The disruption of the supply chain affected product sales during the initial stage of the pandemic. The shutdown in China, which is one of the key raw material producers, impacted packaging manufacturers globally. However, a significant surge in the consumption of packaged food products was witnessed. A considerable proportion of the population preferred packaged food products, such as ready-to-eat, ready-to-cook, and packaged food ingredients. This strong demand globally mitigated the negative impact of COVID-19 on the market.

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Stand-up Pouches Market - The global stand-up pouches market size was estimated at USD 9.98 billion in 2018, growing at a CAGR of 7.0% over the forecast period.

Plastic Packaging Market - The global plastic packaging market size was valued at USD 355.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030.

Pouches Market Segmentation

Grand View Research has segmented the global pouches market on the basis of material, treatment type, product, end-use, closure type, and region:

Pouches Material Outlook (Revenue, USD Million, 2017 - 2028)

• Plastic
• Metal
• Paper
• Bioplastics

Pouches Treatment Type Outlook (Revenue, USD Million, 2017 - 2028)

• Standard
• Aseptic
• Retort
• Hot-fill

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

• Flat
• Stand-up

Pouches End-use Outlook (Revenue, USD Million, 2017 - 2028)

• Food & Beverages
• Healthcare
• Personal Care & Cosmetics
• Homecare
• Others

Pouches Closure Type Outlook (Revenue, USD Million, 2017 - 2028)

• Tear Notch
• Zipper
• Spout

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

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

Market Share Insights:

September 2020: Amcor plc developed flexible retort pouches, which are made using its AmLite HeatFlex Recyclable solution.

Key Companies profiled:

Some prominent players in the global Pouches market include

• Amcor plc
• Mondi
• Sealed Air
• CONSTANTIA
• Coveris
• Goglio SpA
• ProAmpac
• GUALAPACK S.P.A
• Huhtamaki Group
• Smurfit Kappa

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

Saffron Market Competitive Landscape, SWOT Analysis, Key Business Strategies and Forecast by 2028

Saffron Industry Overview

The global saffron market size was valued at USD 374.6 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2020 to 2028. Growing demand for saffron in medical and cosmetic applications is expected to be a key driving factor for the market in the forecast period. Saffron is rich in antioxidants and offers several health benefits. The main active compounds present in saffron include picrocrocin, safranal, and crocin. These compounds help reduce oxidative damage and inflammation in the human brain. Furthermore, saffron is known for its memory-enhancing, antioxidant, and anti-inflammatory properties, which is likely to propel the growth of the market. Furthermore, it is used as a natural UV-absorbing agent in the cosmetics industry.

Key technologies used in processing include image processing technology, pilot scale, and electric nose. The process of separating stigmas has been done manually so far, however, using the image processing method to separate stigmas is less time-consuming. ISO Standard 3632 is the requirement that concerns merely the measurement of the quality. Adulteration has been growing rapidly in recent years owing to the high price and increased demand in the global market. The adulteration includes the mixing of products that look similar to saffron.

Gather more insights about the market drivers, restraints, and growth of the Global Saffron market

The adulteration results in variations in the quality of the product and the consequent variation of prices. The standard comprises 2 parts, ISO 3632-1 and ISO 3632-2, which identify the test methods for various classifications of dried, cut threads, powders, and threads. The main purpose of the standards is to test the strength of flavor, scent, and color of saffron, which helps protect consumers from purchasing a fake product that is expensive as well as has no food value.

The U.S. has witnessed increasing demand over the past few years owing to consumers' growing awareness about saffron's medicinal properties and health benefits. The trade between Iran and the U.S. witnessed a surge after the U.S. revoked trade restrictions that were imposed by it on imports from Iran. Growers in the U.S. have been increasingly investing in cultivation. The growers from the states, such as Vermont, Pennsylvania, and Washington, have been taking initiatives with an aim to increase the product’s cost-effective domestic supply.

Browse through Grand View Research's Food Additives & Nutricosmetics Industry Research Reports

Natural Flavors And Fragrances Market - The global natural flavors and fragrances market was valued at USD 9.15 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030.

Specialty Food Ingredients Market - The global specialty food ingredients market size was valued at USD 118.04 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2022 to 2030.

Saffron Market Segmentation

Grand View Research has segmented the global saffron market on the basis of grade, application, and region:

Saffron Grade Outlook (Volume, Tons, Revenue, USD Thousand, 2017 - 2028)

• Grade I
• Grade II
• Grade III
• Grade IV

Saffron Application Outlook (Volume, Tons, Revenue, USD Thousand, 2017 - 2028)

• Food
• Medical
• Cosmetics
• Others

Saffron Regional Outlook (Volume, Tons, Revenue, USD Thousand, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Saffron market include

• Esfedan Trading Company
• Safran Global Company S.L.U.
• Tarvand Saffron Co.
• Saffron Business Company
• Gohar Saffron
• Rowhani Saffron Co.
• Mehr Saffron
• Flora Saffron
• Royal Saffron Company
• Iran Saffron company

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Growing Demand for Masks and Eyewear Is Expected to Boost Military Personal Protective Equipment Market by 2028

Military Personal Protective Equipment Industry Overview

The global military personal protective equipment market size was valued at USD 13.47 billion in 2020 and is anticipated to grow at a compound annual growth rate (CAGR) of 7.8% from 2019 to 2028. Body armor, eye protection, tactical vests, advanced combat helmets, breathing devices, gloves, and footwear are examples of military PPE worn by soldiers during battle or training. Personal Protective Equipment (PPE) is designed to protect soldiers from biological, chemical, physical, and radioactive threats. The rising focus of defense agencies on troop safety and security, as well as higher military budgets, are expected to fuel market growth over the forecast period. Despite the COVID-19 pandemic, global military spending has increased significantly as compared to 2019. This can be attributed to the growing geopolitical instability, internal conflicts, border disputes, rising terrorism, and increased spending on NATO. Thus, increased military spending is likely to boost the product demand in the coming years.

The COVID-19 pandemic has resulted in the increased adoption of Respiratory Protective Equipment (RPE) and PPE for eyes in the military to safeguard soldiers from coming in contact with the virus. RPE includes gas masks, filters, powered air respirators, and self-contained breathing equipment, among others. The growing demand for masks and eyewear is expected to boost market growth over the forecast period.

Gather more insights about the market drivers, restraints, and growth of the Global Military Personal Protective Equipment market

The U.S. is a major market for military PPE. In 2020, the U.S. was the world’s top country that spent around USD 778 billion on the military. The high spending in the U.S. is attributed to strong investments in R&D and modernization of equipment and nuclear arsenals The U.S Armed Forces are the world’s third-largest military force, and the country’s rising defense spending is expected to propel the product demand.

China’s increased military spending is attributed to the country’s economic prosperity and strong presence in the Indian Ocean region to execute its String of Pearls policy. The rising tensions between China and India along the Sino-India disputed border have resulted in a significant rise in military spending in both nations, thereby complementing the market growth.

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Body Armor Market - The global body armor market size was valued at USD 2.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2022 to 2030.

Personal Protective Equipment Market - The global personal protective equipment market size was valued at USD 77.36 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2020 to 2028.

Military Personal Protective Equipment Market Segmentation

Grand View Research has segmented the global military personal protective equipment market on the basis of product, end-use, and region:

Military PPE Product Type Outlook (Revenue, USD Billion, 2017 - 2028)

• Body Armor
• Tactical Vest
• Eye Protection
• Combat Helmet
• Life Safety Jacket
4d
• Pelvic Protection
• Respiratory Protection
• Others

Military PPE End-use Outlook (Revenue, USD Billion, 2017 - 2028)

• Army
• Navy
• Air Force

Military PPE Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Military Personal Protective Equipment market include

• 3M
• Honeywell International
• ArmorWorks
• Eagle Industries
• BAE Systems
• DuPont
• DSM
• Armorsource
• MSA Safety
• Revision Military
• Gentex Corp.
• Ansell
• MKU Ltd.
• Avon Protection Systems, Inc.
• Ballistic Body Armor Pty

Order a free sample PDF of the Military Personal Protective Equipment Market Intelligence Study, published by Grand View Research.

Botanical Ingredients Market Is Primarily Driven by Clean Label Trends in The Pharmaceutical, Food, And Beverage Industries, 2028

Botanical Ingredients Industry Overview

The global botanical ingredients market size was valued at USD 144.38 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2020 to 2028. The market is witnessing growth primarily due to the rising health-conscious consumer base coupled with clean label trends in the pharmaceutical, food, and beverage industries. Consumers are increasingly shifting to healthier alternatives while adopting preventive care as a necessary tool to help them lead a better lifestyle. Thus, botanical ingredients are being increasingly utilized in the manufacturing of food & beverages as they are a rich source of bioactive compounds and render a diverse range of biological effects.

The demand for botanical ingredients in the U.S. is highly influenced by the growing vegan population, rising focus on the use of natural & organic food ingredients, and the presence of key manufacturers with wide distribution networks. The increasing demand for sports nutrition in the country is expected to amplify the demand for dietary supplements, benefitting the market.

Gather more insights about the market drivers, restraints, and growth of the Global Botanical Ingredients market

Clean labels cut through the clutter of too much data enabling customers to feel that they have more control over their well-being. The shifting trend toward clean label products is directly increasing the scope of botanical ingredients in the food, dietary supplements, and pharmaceutical industry.

The outbreak of COVID-19 severely disrupted the supply chain, retail distribution, and consumer behavior for numerous products and services globally. However, botanical ingredients witnessed a surge in demand during the pandemic owing to increased consumer preference for health & wellness products, which supports overall well-being.

In March 2020, considerable demand for traditional medicine was observed when a Traditional Chinese Medicine (TCM) hospital recommended using herbs to fight COVID-19. Various dietary supplement products associated with joint health, obesity, anxiety, and vascular system are formulated using botanical ingredients.

The growing preference for an active and healthy lifestyle coupled with increased awareness regarding improving immunity due to the COVID-19 is expected to further fuel the demand for herbal supplements, which, in turn, will boost the product demand during the forecast period.

Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.

Glucose Syrup Market - The global glucose syrup market size to be valued at USD 4.7 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% during the forecast period. 

Mannitol Market - The global mannitol market size to be valued at USD 418.3 million by 2024. It is widely used to coat confectionery products such as candies and gums owing to its unique non-hygroscopic properties.

Botanical Ingredients Market Segmentation

Grand View Research has segmented the global botanical ingredients market on the basis of source, form, application, and region:

Botanical Ingredients Source Outlook (Volume, Kilo Tons; Revenue, USD Thousand, 2017 - 2028)

• Herbs
• Leaves
• Spices
• Flowers
• Others

Botanical Ingredients Form Outlook (Volume, Kilo Tons; Revenue, USD Thousand, 2017 - 2028)

• Powder
• Liquid

Botanical Ingredients Application Outlook (Volume, Kilo Tons; Revenue, USD Thousand, 2017 - 2028)

• Food & Beverages
• Dietary Supplements
• Personal Care& Cosmetics
• Pharmaceuticals
• Others

Botanical Ingredients Regional Outlook (Volume, Kilo Tons; Revenue, USD Thousand, 2017 - 2028)

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

Key Companies profiled:

Some prominent players in the global Botanical Ingredients market include

• Indesso
• Lipoid Kosmetic AG
• The Herbarie at Stoney Hill Farm, Inc.
• International Flavors& Fragrances, Inc.
• Bell Flavors& Fragrances
• Rutland Biodynamics Ltd.
• Prakruti Products Pvt. Ltd.
• Ltd.
• The Green Labs LLC
• Berje, Inc.
• Umalaxmi Organics Pvt. Ltd.

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

Tube Packaging Market Consumer Trends and Factors Affecting Buying Decision, 2028

Tube Packaging Industry Overview

The global tube packaging market size was valued at USD 9.91 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2028. Increasing demand for these types of packaging from application industries, such as cosmetics & personal care, healthcare, and food, is expected to be the primary diver for the market. Increasing consumer awareness regarding personal health and wellness is expected to be a stimulating factor for the growth of the personal care market. Growing consciousness about personal appearance is augmenting the demand for personal care products, which, in turn, will boost the demand for tube packaging solutions. The U.S. is one of the key markets in the global beauty & personal care industry owing to the high spending power of consumers.

Gather more insights about the market drivers, restraints, and growth of the Global Tube Packaging market

The demand for organic personal care products in the country is on the rise owing to changing consumer preferences for natural ingredients. Organic products are mostly sold in small quantities and at a premium cost, which will drive demand for tube packaging as it enables efficient and precise dispensing.

Fluctuating raw material prices, which include plastics, aluminum, and other laminates, are expected to create challenges for the market growth. Plastic material majorly includes polyethylene, polyethylene terephthalate, and polypropylene. The prices of these polymers are sensitive to the crude oil prices, which are highly volatile. Moreover, rising environmental concerns and stringent government regulations regarding the use of plastic and its disposal are expected to hinder the market growth over the forecast period.

Increasing curbs on the usage of plastic are expected to create opportunities for innovative materials including bioplastics, aluminum, and others. Plastics like polylactic acid are primarily derived from renewable energy sources, such as corn starch, sugarcane, chips, tapioca roots, and other starches. Polylactic Acid is the most consumed bioplastics around the globe. Biodegradability, recyclability, and non-toxicity are the key factors driving the demand for bioplastics around the globe.

Products primarily reach the end-users like pharmaceuticals and cosmetics manufacturers through distributors. However, many global end-users have established direct contact with the manufacturers to reduce the cost and ensure uninterrupted supply. Moreover, some tube packaging manufactures have allowed the user to directly order from their websites as these portals allow direct contact between the supplier and customer as well as improves the profitability of both parties by reducing the distributor costs.

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Pharmaceutical Packaging Market - The global pharmaceutical packaging market size was valued at USD 117.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.5% from 2021 to 2030.

Green Packaging Market - The global green packaging market size was valued at USD 274.15 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2020 to 2028.

Tube Packaging Market Segmentation

Grand View Research has segmented the global tube packaging market on the basis of tube type, product, application, and region:

Tube Packaging Tube Type Outlook (Revenue, USD Million, 2017 - 2028)

• Squeeze and Collapsible
• Twist

Tube Packaging Product Outlook (Revenue, USD Million, 2017 - 2028)

• Laminated
• Plastic
• Aluminum

Tube Packaging Application Outlook (Revenue, USD Million, 2017 - 2028)

• Personal Care & Oral Care
• Healthcare
• Food
• Consumer Goods
• Others

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

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

Key Companies profiled:

Some prominent players in the global Tube Packaging market include

• Essel Propack Limited
• VisiPak
• Sonoco Products Company
• ALBEA
• Clariant
• Montebello Packaging
• Huhtamaki OYJ
• Unette Corporation
• Romaco Group
• Hoffman Neopac AG

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

Coal Power Generation Market Penetration, Growth Prospect Mapping and Research Report by 2028

Coal Power Generation Industry Overview

The global coal power generation market demand was valued at 1,961.56 GW in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 1.6% from 2020 to 2028. The high energy demand is expected to drive the coal industry to generate electricity. Coal is a key product for electricity generation owing to its abundant availability and low cost compared to other electricity generation technologies. These factors are expected to propel the growth of the market during the forecast period. The supply chain of the coal power generation model was majorly affected due to the shutdown of production facilities owing to lockdowns imposed in the majority of the countries around the globe. In addition, local and international travel restrictions, quarantine requirements, and lockdowns further delayed the shipments of manufactured parts that were in process of delivery.

Gather more insights about the market drivers, restraints, and growth of the Global Coal Power Generation market

China is home to around half the globe’s current coal capacity and coal power projects are under construction. Provincial authorities are encouraging the building of new coal power plants to stimulate economic activity, despite high risks of stranded assets and overcapacity. The pipeline of new coal power projects in China has further augmented during the first quarter of 2020.

The supply chain of the coal power generation model was majorly affected due to the shutdown of production facilities owing to lockdowns imposed in the majority of the countries around the globe. Additionally, local and international travel restrictions, quarantine requirements, and lockdowns further delayed the shipments of manufactured parts that were in process of delivery.

The availability of raw material is a key factor that affects any production process, controls its setup, and helps drive market growth. In the case of coal-fired power generation, coal is utilized as energy technology and is a major raw material used for power production. In the Asia Pacific region, countries such as China, India, Indonesia, and Australia are the major producers of coal. The Asia Pacific region alone contributed to around two-thirds of the global coal production in 2020. This ready availability of raw material makes the production process cheaper and helps in making coal the most reliable technology for power production even in a peak-demand situation.

However, the availability of natural gas in large quantities, coupled with its relatively lower prices, especially in regions, such as North America, China, and Thailand, has led to an increase in power generation using natural gas. Increasing focus on generating electricity through cleaner technologies and the degradation of coal reserves are the factors anticipated to increase the share of gas turbines in the global energy mix, thereby providing a positive environment for the growth of the gas turbine service sector. Hence, these factors are expected to have a negative impact on the growth of the market during the forecast period.

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LPG Market - The global liquefied petroleum gas market size to be valued at USD 164.36 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 4.4% during the forecast period.

Oilfield Services Market - The global oilfield services market size to be valued at USD 139.1 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 3.4% during the forecast period.

Coal Power Generation Market Segmentation

Grand View Research has segmented the global coal power generation market based on technology, application, and region:

Coal Power Generation Technology Outlook (Volume, GW, 2016 - 2028)

• Pulverized
• Cyclone Furnaces
• Others

Coal Power Generation Application Outlook (Volume, GW, 2016 - 2028)

• Residential
• Commercial & Industrial

Coal Power Generation Regional Outlook (Volume, GW, 2016 - 2028)

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

Market Share Insights:

October 2020: NTPC mentioned that its NTPC Dadri is undergoing modernization and upgrade to become the cleanest coal power plant in the country by following the Central Pollution Control Board procedures related to emissions.

Key Companies profiled:

Some prominent players in the global Coal Power Generation market include

• Uniper SE
• China Shenhua
• China Huadian Corporation Ltd. (CHD)
• Dominion Energy
• NTPC Ltd.
• KEPCO Engineering & Construction Company, Inc.
• Steag GmbH
• Duke Energy Corp.

Order a free sample PDF of the Coal Power Generation Market Intelligence Study, published by Grand View Research.

Unidirectional Tapes Market Is Driven by Growing Product Demand from The Automotive Industry, 2028

Unidirectional Tapes Industry Overview

The unidirectional tapes market size was estimated at USD 154.3 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 15.9% from 2021 to 2028. The rapidly increasing demand for lightweight components in the automotive and aerospace industries is expected to drive the demand for unidirectional (UD) tapes over the forecast period. Temporary closure of industrial operations to curb the spread of COVID-19 outbreak across the globe had negatively impacted the manufacturing operations in 2020. Thus, hampered the product demand in the automotive and aerospace parts manufacturing operations. A surge in the usage of automotive adhesive tapes for bonding electronic products in car interiors, coupled with the rising production of electric and hybrid vehicles in the U.S., is projected to fuel the growth.

Gather more insights about the market drivers, restraints, and growth of the Global Unidirectional Tapes market

In addition, the high sensitivity of manufacturers located in the economy towards automobiles aesthetics is expected to benefit the market. The development of advanced products for sealing, coupled with rising investments in R&D for the production of advanced high-strength adhesive tapes, is projected to drive the product demand over the forecast period. In addition, the development of eco-friendly solvent recovery technology used for the coating of adhesives is expected to drive the product demand in the coming years.

The market is expected to be driven by the growth in the usage of UD tapes as a replacement for metals in exterior and interior systems in automobiles and aircraft for reduction of their overall weight by about 40%, to achieve high fuel efficiency levels, and reduce the emission levels to the outer atmosphere. The market growth is expected to be restrained by the high cost of unidirectional tapes as compared to metals. The manufacturers usually prefer metals in all major applications to reduce their production costs. Furthermore, the market is concentrated in North America and Europe, due to which, the product adoption is significantly low in other regions, thus limiting the market growth.

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Calcined Shale Market - The global calcined shale market size was valued at USD 967.4 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.4% from 2022 to 2030. 

Compound Semiconductor Materials Market - The global compound semiconductor materials market size to be valued at USD 46.9 million by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 3.8% during the forecast period.

Unidirectional Tapes Market Segmentation

Grand View Research has segmented the global unidirectional tapes market on the basis of resin type, fiber, end-use, and region:

Unidirectional Tapes Resin Type Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

• Thermoset
• Thermoplastic

Unidirectional Tapes Fiber Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

• Glass Fiber
• Carbon Fiber
• Other Fiber

Unidirectional Tapes End-use Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

• Aerospace & Defense
• Automotive
• Sports & Leisure
• Others

Unidirectional Tapes Regional Outlook (Volume, Million Meters, Revenue, USD Million, 2017 - 2028)

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

Market Share Insights:

May 2021: Toray Advanced Composites announced to expand its thermoplastic composite material capabilities to advance its ‘Cetex’ brand of reinforced thermoplastic composite laminates and UD tapes.

Key Companies profiled:

Some prominent players in the global Unidirectional Tapes market include

• Evonik Industries AG
• SABIC
• Solvay, S.A.
• Hexcel Corp.
• Toray Industries, Inc.
• SGL Group
• Teijin Ltd.
• BASF SE
• Celanese Corp.
• Victrex plc.
• Cristex Composite Materials
• Eurocarbon B.V.
• Plastic Reinforcement Fabrics Ltd.
• TCR Composites, Inc.
• Barrday, Inc.

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

Water Desalination Equipment Market Growth is Driven by Rapid Urbanization and Growing Population

Water Desalination Equipment Industry Overview

The global water desalination equipment market size was valued at USD 13.12 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2020 to 2028. Factors including rapid urbanization, growing population, and rising water scarcity in several parts of the world are expected to drive the demand for water desalination equipment over the forecast period. During the COVID-19 pandemic, various construction sites and manufacturing companies were shut in 2020, resulting in hampering the demand for water desalination equipment. However, as the world has started returning to normalcy from the beginning of 2021, the demand for water desalination equipment is expected to witness growth as the governments of various countries are planning to invest in water treatment solutions to meet water scarcity issues.

Gather more insights about the market drivers, restraints, and growth of the Global Water Desalination Equipment market

The U.S. passed a new Public-Private Partnership law to encourage domestic investments in the renovation and new construction of water purification plants and desalination facilities. In addition, increasing measures for providing a safe and reliable water supply to the people in the country amidst the COVID-19 outbreak have resulted in driving the demand for water treatment, especially desalination, in the country.

The natural desalination process, i.e., solar desalination evaporation (rains), is the primary source of fresh water on the earth. The scarcity of freshwater reserves, coupled with the rising demand for water in various arid regions as these areas lack sources of surface water, such as lakes and rivers, has resulted in augmenting the number of desalination plants globally.

The industrialization has strained water resources globally. The development of industrial-based processes requires a large amount of water for manufacturing and other functions. Increasing demand for water by industrial end users, such as oil and gas, paper and pulp, and food and beverage, is anticipated to further drive the demand for water desalination plants, thereby, augmenting the market growth.

The use of digital technology in desalination plants to manage operations and improve monitoring, process control, and risk detection is likely to supplement the market growth. Technological advancements in the desalination industry are aimed at achieving a variety of goals, including minimizing brine output and disposal and improving freshwater yield.

Browse through Grand View Research's Water & Sludge Treatment Industry Research Reports.

Industrial Water Treatment Chemicals Market - The global industrial water treatment chemicals market size was estimated at USD 13.11 billion in 2017. Declining availability of fresh and potable water, primarily in the Middle East and Africa as well as Asia Pacific, is anticipated to propel need to treat wastewater over the forecast period.

Europe Industrial Water Treatment Chemicals Market - The Europe industrial water treatment chemicals market size was valued at USD 2.93 billion in 2018 and is expected to register a CAGR of 3.6% from 2019 to 2025.

Water Desalination Equipment Market Segmentation

Grand View Research has segmented the global water desalination equipment market on the basis of source, technology, application, and region:

Water Desalination Equipment Source Outlook (Revenue, USD Billion, 2017 - 2028)

• Seawater
• Brackish Water
• River Water
• Others

Water Desalination Equipment Technology Outlook (Revenue, USD Billion, 2017 - 2028)

• Reverse Osmosis (RO)
• Multi-stage Flash (MSF) Distillation
• Multi-effect Distillation (MED)
• Others

Water Desalination Equipment Application Outlook (Revenue, USD Billion, 2017 - 2028)

• Municipal
• Industrial
• Others

Water Desalination Equipment Regional Outlook (Revenue, USD Billion, 2017 - 2028)

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

Market Share Insights:

July 2020: Abu Dhabi Department of Energy (DoE) started the construction of the largest water desalination plant in the world at Al Taweelah Power and Water complex, which is slated to be completed by 2022

Key Companies profiled:

Some prominent players in the global Water Desalination Equipment market include

• Acciona S.A.
• Doosan Heavy Industries & Construction
• Veolia
• SUEZ
• IDE Technologies
• Xylem
• Aquatech International LLC
• Biwater Holdings Limited
• Genesis Water Technologies
• Guangzhou KangYang Seawater Desalination Equipment Co., Ltd. (KYSEARO)

Order a free sample PDF of the Water Desalination Equipment Market Intelligence Study, published by Grand View Research.