Furfuryl Alcohol Market Type Estimates, Revenue Drivers and Restraint Analysis

Furfuryl Alcohol Industry Overview

The global furfuryl alcohol market size is estimated to reach USD 821.6 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.2% from 2021 to 2028. Factors such as rising demand for furfuryl alcohol resins from the construction and automotive sectors are expected to drive the market in the near future.

The product has witnessed high demand over the past decade, owing to its growing usage in the foundry, agriculture, and construction industries, among others. The product is broadly utilized in resins and plastics applications. A surge in research and development activities in the area of rocket fuel is estimated to trigger the demand. The products also play an essential role in manufacturing in the foundry sector in the formulation of molds for metal casting.

Furfuryl Alcohol Market Segmentation

Grand View Research has segmented the global furfuryl alcohol market on the basis of application, end-use, and region:

Based on the Application Insights, the market is segmented into Resins, Solvent, Corrosion Inhibitors, and Others.

• The resins application segment dominated the market for furfuryl alcohol and accounted for the largest revenue share of more than 87.0% in 2020. This is attributed to the growing demand for furfuryl alcohol resins from the construction and automotive sectors.
• The surge in demand for low volatile organic compounds (VOC) and non-toxic solvents in agricultural formulations, petroleum refining, pharmaceuticals, paints and coatings, and several other end-use industries is anticipated to fuel the growth of the market for furfuryl alcohol over the forecast period.
• Increasing awareness about the effectiveness of the product as a corrosion inhibitor coupled with its surging demand as an inhibitor in cement, grout, and mortar is expected to trigger market growth in the near future. 

Based on the End-use Insights, the market is segmented into Foundry, Agriculture, Paints & Coatings, Pharmaceuticals, Food & Beverages, and Others.

• The foundry end-use segment dominated the market for furfuryl alcohol and accounted for the largest revenue share of more than 82.0% in 2020. This is attributed to the surge in metal casting production.
• The expanding agricultural sector along with the surge in farm production in countries such as China, India, Indonesia, Russia, France, and Germany are expected to fuel the demand for furfuryl alcohol in these economies over the forecast period.
• The growth of the paints & coatings sector in countries that are among the top producers such as Germany, India, and Japan are anticipated to fuel the product demand. 

Furfuryl Alcohol Regional Outlook

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

Key Companies Profile & Market Share Insights

Market participants focus on third-party agreements with professional distributors and also sell distribution rights to these merchants in order to reach developed markets. Key manufacturers have in-house research and development laboratories for analysis of finished products, semi-finished products, and raw materials. Manufacturers are inclined toward collaborations with key players, research institutes, and universities to obtain durable bio-based solutions. Companies are expected to focus on forward integration to reduce logistics & operational costs and acquire a higher market share.

Some of the prominent players in the furfuryl alcohol market include:

• ILLOVO SUGAR AFRICA (PTY) LTD.
• Linzi Organic Chemical Inc. Ltd.
• TransFurans Chemicals bvba
• DalinYebo
• Hebeichem
• p.a.
• Shandong Crownchem Industries Co., Ltd.
• Hongye Holdings Group Corp., Ltd.
• Xian Welldon Trading Co., Ltd.
• Furnova Polymers Ltd.
• NC Nature Chemicals

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

Flame Retardant Market PESTEL Analysis and Key Growth Opportunities

Flame Retardant Industry Overview

The global flame retardant market size is anticipated to reach USD 12.99 billion by 2028, registering a CAGR of 8.0% over the forecast period, according to a new report by Grand View Research, Inc. This growth can be attributed to the growing application scope in key end-use industries including automotive, electrical & electronics, transportation, construction, and others. In addition, increasing demand for these products in applications, such as polyolefin, Engineering Thermoplastics (ETP), epoxy resins, Polyvinyl Chloride (PVC), and rubber, coupled with the presence of favorable government regulations, especially in Asia Pacific, North, America, and Europe, will drive the market in the coming years.

Halogenated products, including brominated, chlorinated, phosphate-based, and antimony trioxide-based, are widely used in various applications, such as printed wiring boards, wires & cables, floorings, flexible polyurethane foams, polyolefins, polyamides, wall sheeting, refrigeration, and others. The demand for environmentally friendly products, such as non-halogenated flame retardants, is growing at a rapid pace. The Asia Pacific, North America, and Europe regions have emerged as the largest consumers owing to the presence of stringent environmental sustainability policies and the rising awareness about fire safety among consumers.

Flame Retardant Market Segmentation

Grand View Research has segmented the global flame retardants market on the basis of product, application, end use, and region:

Based on the Product Insights, the market is segmented into Halogenated, and Non-Halogenated.

• The non-halogenated product segment dominated the market with a revenue share of more than 59% in 2020. This is attributed to the rising demand for environmentally friendly and less toxic flame retardants.
• The application of flame retardants is expected to increase as it plays a vital role in reducing the general risk of fire associated with the use of highly combustible feedstock in products, such as textiles, clothing, composites, and plastics. 

Based on the Application Insights, the market is segmented into Polyolefins, Epoxy Resins, UPE, PVC, ETP, Rubber, Styrenics, and Others.

• The polyolefins application segment dominated the market with a revenue share of 26.13% in 2020 owing to the growing use of polyolefins as plastics in numerous applications.
• Polyvinyl chloride is the most widely used polymer, mainly in communication and electrical cables in insulation and domestic applications in doors, gutters, house sidings, and window frames.

Based on the End-use Insights, the market is segmented into Construction, Transportation, Electrical & Electronics, and Others.

• The electrical & electronics end-use segment dominated the market with a revenue share of 38.15% in 2020. Its high share is attributed to an increased usage of the product in the plastic casing of electric products for consumer safety and to reduce the risk of fire.
• The construction end-use segment is another major segment, which accounted for 28.1% of the overall revenue share in 2020. 
• With the growing construction industry and rising awareness regarding the importance of fire protection, the demand for fire retardants is anticipated to increase over the forecast period.
• The rapidly developing transportation industry and the need to address fire safety in the automobile industry are expected to boost the product demand.

Flame Retardants Regional Outlook

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

Key Companies Profile & Market Share Insights

Key companies are constantly undertaking new initiatives to develop innovative products as an alternative to halogen-based flame retardants in an attempt to strengthen their position in the global market. The rising demand for halogen-free products is attracting new manufacturers to the market. The existing companies are entering into the manufacturing industry to gain significant market share against their competitors. An extensive product portfolio enables the manufacturers to meet the rising demand from new and existing customers.

Some prominent players in the global flame retardant market include:

• Clariant
• LANXESS
• BASF SE
• ICL
• Abermarle Corp.
• DuPont
• DSM

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

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

Glycerol Industry Overview

The global glycerol market size is estimated to reach USD 3.7 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.4% from 2021 to 2027. Improved standard of living coupled with growing consumer demand for high quality and innovative personal care products is expected to drive the market over the forecast period. Glycerol is a thick, clear, and odorless polyol that belongs to the alcohol family of organic compounds. It is produced by the hydrolysis of fats and natural oils present in plants and animals.

The raw materials used in the production of the product are primarily vegetable oils, animal fats, sugar alcohol, and fatty acids, among others. Local manufacturers in the developed economies of Europe and North America mainly source these raw material ingredients due to the lack of availability in their regions. As glycerol is obtained from biodiesel, it is renewable in nature and a clean-burning fuel, which is widely used for industrial purposes.

Glycerol Market Segmentation

Grand View Research has segmented the global glycerol market on the basis of source, type, end-use, and region:

Based on the Source Insights, the market is segmented into Biodiesel, Fatty Alcohols, Fatty Acids, and Soap.

• Biodiesel was the dominating source segment in the market for glycerol in 2020 and accounted for the largest revenue share of 59.5%. The segment is anticipated to witness a CAGR of 6.3% in the coming years.
• The soap segment accounted for more than 10.0% of the revenue share in 2020. This is attributed to increasing demand for soaps mainly in the personal care application, as it imparts moisture to the skin, which is anticipated to positively impact market growth over the forecast period.
• The fatty alcohols segment is predicted to witness the highest CAGR in the forecast period. This is attributed to its wide usage in the manufacturing of surfactants and detergents. The growing demand for fatty alcohol in the aforementioned industries is likely to trigger product demand and thus, is expected to boost market growth for glycerol over the forecast period. 

Based on the Type Insights, the market is segmented into Crude, and Refined.

• The refined segment dominated the market for glycerol and accounted for the largest revenue share of 75.0% in 2020.
• The crude segment is predicted to witness a CAGR of 5.9% in the predicted years. Crude glycerol mostly contains impurities such as free fatty acids and methanol, making it a less preferred product in the market for glycerol.
• The rising demand for crude glycerol in personal care and nutraceuticals applications is expected to positively impact the market growth over the projected years. 

Based on the End-use Insights, the market is segmented into Food & Beverage, Pharmaceutical, Nutraceutical, Personal Care & Cosmetics, Industrial, and Others.

• The personal care and cosmetics segment dominated the market for glycerol and accounted for the largest revenue share of 40.8% in 2020.
• This is attributed to an increase in demand for personal care and pharmaceutical products as a result of improving lifestyle, coupled with increasing health awareness among the population in emerging economies across the Asia Pacific and Latin America.
• The pharmaceutical segment is projected to witness the most significant CAGR in the forecast period. This is attributed to the usage of the product in pharmaceuticals owing to its nutritive value and healing properties.
• Other applications of the product include food preservatives, tobacco, and the production of perfumes and explosives. 

Glycerol Regional Outlook

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

Key Companies Profile & Market Share Insights

The market is highly competitive in nature due to the presence of a large number of multinationals that are engaged in constant research and development activities. The global companies are also focusing on capacity expansions, signing partnership agreements with distributors, and various other operational strategies to gain an edge in the competitive market space.

Some of the prominent players in the glycerol market include:

• Cargill Incorporated
• BASF SE
• Procter & Gamble Chemicals
• Oleon NV
• KLK OLEO
• Dow Chemical Company
• ADM
• Wilmar International Ltd.
• Pacific Oleochemicals Sdn Bhd
• Kao Corporation

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

Energy Retrofit Systems Market Revenue Opportunities and Gross Margin Analysis

Energy Retrofit Systems Industry Overview

The global energy retrofit systems market size is expected to reach USD 203.12 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 4.5% from 2020 to 2028. In commercial and residential buildings, the energy-efficient systems, such as LED retrofit lighting, HVAC retrofit, insulation & glazing retrofit of windows, and retrofit of roofing, are primarily used to have a distributed generation of electricity to reduce the operational costs.

Increasing demand for renewable energy is expected to drive the market over the forecast period. The growing concerns about Greenhouse Gas (GHG) emissions and strict regulations to decrease carbon footprint are also projected to be the key factors driving the global market. 

Energy Retrofit Systems Market Segmentation

Grand View Research has segmented the global energy retrofit systems market based on product, application, and region:

Based on the Product Insights, the market is segmented into Envelope, LED Retrofit Lighting, HVAC Retrofit, and Appliances.

• The envelope product segment accounted for the maximum revenue share of more than 51% of the global market in 2020. The segment is anticipated to maintain its dominance expanding further at a steady CAGR over the forecast period.
• LED retrofit lighting segment is estimated to register the fastest CAGR of over 5% from 2020 to 2028.

Based on the Application Insights, the market is segmented into Residential and Non-Residential.

• The non-residential segment led the market in 2020 and accounted for the largest revenue share of more than 71% The growth can be attributed to the large-scale installation of HVAC systems and technological obsolescence of traditional systems used in non-residential buildings.
• The residential application segment is projected to grow at the fastest CAGR during the forecast period. Increasingly expensive residential properties and the formulation of laws for protecting old buildings have resulted in modifications to existing buildings, with a large number of consumers opting for retrofits.

Energy Retrofit Systems Regional Outlook

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

Key Companies Profile & Market Share Insights

Leading market players compete based on their product development capabilities and new technologies used in product formulations. Established players, such as Ameresco, are investing in the development of innovative and sustainable solutions for formulating new and advanced solutions that give them an edge over their competitors.

Some of the prominent players operating in the global energy retrofit systems market are:

• Daikin Industries Ltd.
• Ameresco
• Eaton
• AECOM
• Johnson Controls
• Orion Energy Systems, Inc.
• Siemens
• Trane

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U.S. Air Purifier Market Growth Drivers, Vendor Landscape and Raw Material Outlook

U.S. Air Purifier Industry Overview

The U.S. air purifier market size is anticipated to reach USD 4.2 billion by 2028, registering a CAGR of 8.6% over the forecast period, according to a new report by Grand View Research, Inc. The market is primarily driven by the increasing concerns about both outdoor and indoor air pollution coupled with the health problems associated with them. Poor indoor air quality can cause fatigue, headache, and irritation of the eyes, throat, lungs, and nose, which can have a negative impact on the productivity of workers. Some air contaminants can cause respiratory diseases, such as asthma. Product adoption is increasing rapidly in the U.S. to minimize such health issues caused by poor air quality.

The strict standards, guidelines, and regulations about air quality in the U.S. are expected to have a positive impact on the market. For instance, the New Jersey Indoor Air Quality standard, N.J.A.C. 12:100-13 (2007) sets guidelines and standards related to indoor air quality during working hours in public employee-occupied buildings. Key manufacturers are focusing on acquisitions and mergers to expand their geographical reach and strengthen their position in the market. For instance, in January 2021, Lasko Products LLC acquired Guardian Technologies to strengthen its position in the home environment business with the help of Guardian’s expertise in air purification.

U.S. Air Purifier Market Segmentation

Grand View Research has segmented the U.S. air purifier market on the basis of technology and application:

Based on the Technology Insights, the market is segmented into HEPA (High-Efficiency Particulate Air), Activated Carbon, Ionic Filters, and Others.

• The High-Efficiency Particulate Air (HEPA) led the market with a revenue share of more than 39% in 2020.
• Ionic filters are estimated to witness a CAGR of 6.8% over the forecast period.
• The adoption of activated carbon air purifiers in the U.S. is expected to witness the fastest CAGR of 9.1% from 2020 to 2028
• This growth is credited to the ability of activated carbon to absorb airborne particles, which make it very effective in trapping gases, fumes, and odors

Based on the Application Insights, the market is segmented into Commercial, Residential, and Industrial.

• The commercial application segment led the market accounting for the maximum revenue share of more than 54% in 2020.
• Air purifiers with HEPA and activated carbon are used in restaurants and hotels for removing airborne particulates, odor, and smoke from the air.
• The product demand in the residential application segment is estimated to grow at a CAGR of 6.2% from 2020 to 2028.
• The increasing demand for clean air has resulted in augmenting product adoption. 

Key Companies & Market Share Insights

Manufacturers are involved in adopting various strategies, including new product development, geographical expansion, joint venture, and acquisitions to enhance their market penetration and to meet the changing technological demand of various applications, such as industrial, commercial, and residential. The market participants compete based on various parameters, including product performance, technical competence, price, quality, and corporate reputation.

Some of the prominent players in the U.S. air purifier market include:

• IQAir North America, Inc.
• Honeywell International, Inc.
• LG Electronics
• Unilever
• Aerus LLC
• Panasonic Corp.
• Hamilton Beach Brands, Inc.
• Whirlpool Corp.
• Daikin Industries, Ltd
• Rabbit Air

Order a free sample PDF of the U.S. Air Purifier Market Intelligence Study, published by Grand View Research.

Moringa Ingredients Market Analysis by Size, Share, Product Type, Device, Vertical and Technology

Moringa Ingredients Industry Overview

The global moringa ingredients market size is expected to reach USD 14.3 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.5% from 2020 to 2028. The exceptional nutritional properties of the moringa tree for its ingredients like bark, seeds, pods, flowers, leaves, and others are driving its growth in the global market. Nutrients like protein, carbohydrate, calcium, phosphorus, potassium, iron, vitamins, beta carotene, and other bioactive compounds are presently making it popular among health-conscious consumers. The moringa ingredients are also having potential pharmaceutical usage due to their antimicrobial, anticancer, antiulcer, and antioxidant properties. 

On the basis of source, leaves accounted for the maximum revenue share in the global market of 2020. The leaves are highly nutritious and are available in powdered form across the global market. Along with calcium, iron, and potassium, the Moringa leaves also contain vitamin A, C, and E. Vitamin A, helps in maintaining healthy immunity, vision, and fetal growth. Vitamin C protects the body from toxins and pollutants and Vitamin E acts as an antioxidant. Additionally, the powdered leaves can also be used for the treatment of various diseases like malaria, thyroid fever, and diabetes, it protects the liver, kidneys, heart, and lungs and can reduce pain due to its rich proteins, minerals, amino acids, antioxidants, and flavonoids. These are the reasons behind the dominating share of the Moringa leaves. 

Moringa Ingredients Market Segmentation

Grand View Research has segmented the global moringa ingredients market based on source, origin, application, and region:

Based on the Source Insights, the market is segmented into Leaves, Seed, Roots, Flowers, and Others.

• The leaves segment dominated the market and accounted for the maximum revenue share of 45.2% in the base year 2020.
• The seeds segment accounted for a revenue share of about 34.0% in 2020. The moringa seeds have nutritive properties like it contain oleic acid (Ben oil), antibiotics called pterygospermin, and fatty acids like linoleic acid, linolenic acid, behenic acid, phytochemicals like tannins, saponins, phenolics, phytate, flavonoids, terpenoids, and lectins.
• Apart from these, moringa seeds contain fats, fiber, proteins, minerals, vitamins like A, B, C, and amino acids. The rising awareness about these nutritive properties among the health-conscious population is supporting the bolstering demand for seed across the globe.

Based on the Origin Insights, the market is segmented into Organic and Conventional.

• The organic segment dominated the market and is projected to exhibit the fastest CAGR of 10.6% from 2020 to 2028.
• The major ingredients contributing to the fastest growth of organically cultivated moringa are commonly inclusive of organically grown matured fruits/pods, leaves, flowers, and roots.
• The rising awareness about the health benefits associated with the consumption of organic food products especially among the health freak population is further bolstering the segmental market value. 

Based on the Application Insights, the market is segmented into Food & Beverages, Pharmaceuticals, Cosmetics & Personal Care, and Others.

• The food and beverages segment is accounted for the maximum revenue share of 53.4% in 2020.
• The segment is inclusive of ready-to-cook product ranges such as moringa powder, & moringa tea, and ready-to-eat like moringa chocolates, cakes, juices, and lattes are contributing to the maximum share in the market.
• The nutritional properties of the moringa ingredients including pods/seeds, leaves, flowers, barks, honey, and roots are supporting its growth in the food and beverages sector.

Moringa Ingredients Regional Outlook

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

Key Companies & Market Share Insights

The market is fragmented worldwide, which has increased the competition between players. The players are expanding their reach in order to cater to the rising awareness and increasing demand for moringa ingredients in the market. Players are focusing on the productivity of farmers and the cultivation of moringa in order to expand their profit margins. For instance, Moringa connect, a player sourcing moringa ingredients from Ghana and providing income to the remote population. So far, it has planted over 2,000,000 trees in Ghana and provided over $415,000 of income to more than 2,300 farming families of the country.

The market is quite fragmented and has an amalgamation of small and medium players across the Asia Pacific and other major regions like the Middle East and Africa and North America. Companies are continuously putting efforts for the growth of farmers and spreading awareness about the magical benefits of the tree across the globe.

Some of the prominent players in the moringa ingredients market include:

• Organic India Pvt. Ltd.
• Earth Expo Company
• KuliKuli, Inc.
• Ancient Greenfields Pvt. Ltd
• Grenera Nutrients Pvt.
• Botanica Natural Products
• Aayuritz Phytonutrients Pvt. Ltd.
• Herbs & Crops Overseas
• MoringaInitiative Ltd.
• Green Virgin Products LLC
• Dominate Industries
  

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

LTCC and HTCC Market Overview by Product, Application, Regional Demand and Prominent Players

LTCC And HTCC Industry Overview

The global LTCC And HTCC market size is expected to reach USD 3.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.5% from 2021 to 2028. The market growth is attributable to rising investments in wireless communication technology along with increasing penetration of automotive electronics in vehicles. In co-fired ceramic devices, the ceramic support structure and any resistive, conductive, and dielectric materials are fired in a kiln. Typical devices include capacitors, resistors, inductors, transformers, and hybrid circuits. Cofired ceramic devices are also used for multi-layer packaging in the electronics industry, such as in military electronics, Micro Electromechanical Systems (MEMS), microprocessors, and RF applications.

Co-firing can be divided into Low Temperature Co-fired Ceramics (LTCC) and High Temperature Co-Fired Ceramics (HTCC) applications. In LTCC, the sintering temperature is below 900°C. This permits the co-firing with highly conductive materials (silver, copper, and gold). For HTCC, the sintering temperature is higher, at around 1,600°C. HTCC components generally consist of multilayers of alumina or zirconia with platinum, tungsten, and moly manganese metallization. Based on application, telecommunication is expected to be the fastest-growing segment in the market owing to rising digitalization, expansion of 5G network, and booming e-commerce platform, which enables the use of wireless technologies and equipment within the telecommunication industry. 

LTCC And HTCC Market Segmentation

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

Based on the Product Insights, the market is segmented into LTCC, and HTCC.

• LTCC segment accounted for the largest revenue share of more than 73.0% in 2020.
• The high share of LTCC can be attributed to its properties such as higher operating temperature, excellent thermal properties, lower expansion coefficient, high reliability, and integration density.
• Rising demand for high-speed internet in urban and semi-urban locations is increasing investments in wireless technologies and RF modules, which is anticipated to propel LTCC demand.

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

• The automotive segment held the largest revenue share of over 42.0% in 2020. LTCC and HTCC are used in automotive electronics for a safer and enhanced driving experience.
• The inclination of consumers toward the safety of vehicles, adoption of telematics, and government-defined safety norms are the prominent factors driving the demand for automotive electronics.
• Key applications of automotive electronics include Advanced Driver Assistance Systems (ADAS), safety, powertrain, and infotainment. These applications have created a need for microcontrollers, actuators, processors, and sensors, which, in turn, are expected to augment market growth.

LTCC And HTCC Regional Outlook

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

Key Companies & Market Share Insights

The global LTCC and HTCC market is characterized by strong competition owing to the presence of prominent substrate manufacturers serving major geographies across the globe. These manufacturers compete based on product quality and price to increase the application scope of the product in industries including automotive, telecommunications, healthcare, aerospace, and others. Technical innovations and improvements in the production process have resulted in the production of LTCC and HTCC substrates that enable high durability, miniaturization, and integration across components. Market players are increasingly investing in R&D in order to achieve a strong hold in the competition by offering advanced LTCC products at competitive prices.

Some of the prominent players in the LTCC and HTCC market include:

• Hitachi Metals Ltd.
• Kyocera Corporation
• Murata Manufacturing Co., Ltd.
• TDK Corporation
• NGK Spark Plug Ltd.
• Yokowo Co., Ltd.
• KOA Corporation
• Maruwa Co. Ltd.

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

Waste Recycling Services Market Size, Challenges Analysis, Porter’s Five Forces Study and Forecast

Waste Recycling Services Industry Overview

The global waste recycling services market size is anticipated to reach USD 81.3 billion by 2028, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness pertaining to effective waste disposal in sustaining human and animal health has resulted in the development of numerous disposal systems and processes, which is expected to complement market growth.

Waste recycling service is an important component of urban infrastructure owing to its ability to protect both the environment and human health, which is a political as well as environmental concern. Waste management is intertwined with a variety of concerns, including urban lifestyles, resource consumption patterns, and other socioeconomic and cultural aspects.

Waste Recycling Services Market Segmentation

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

Based on the Product Insights, the market is segmented into Paper & Paperboard, Metals, Plastics, Glass, Food, Bulbs, Batteries & Electronics, Yard Trimmings, and Others.

• The paper & paperboard segment led the market and accounted for more than 41% of the global revenue share in 2020, owing to the increased generation of paper waste through packaging, newspapers, and containers.
• Changing consumer trends and demographic growth have boosted the growth of the e-commerce sectors, thereby augmenting the packaging demand.
• The bulbs, batteries &electronics segment is likely to register a CAGR of 6.7% over the forecast period.
• The demand for electronics, such as screens, mobiles, telecommunication devices, laptops, and refrigerators, has increased significantly due to falling prices of electronics, rising disposable incomes, and early replacement of electronics. This has increased electronic waste and boosted the demand for e-waste recycling, which is expected to drive market growth.

Based on the Application Insights, the market is segmented into Municipal, Industrial, and Others.

• The municipal segment led the market and accounted for 53.4% of the global revenue share in 2020.
• The demand for waste recycling in industrial applications is likely to grow at the fastest CAGR of 5.9% over the forecast period.
• Increased investments in various industries, as well as stringent rules governing discharges from these businesses, are expected to drive the demand for waste recycling services in industrial applications.

Waste Recycling Services Regional Outlook

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

Key Companies & Market Share Insights

Few organizations in the industry offer services, such as vendor agnostics, products, and recycling equipment. These businesses strive to recruit more clients to expand their consumer base and provide individualized services to maintain customer loyalty. Furthermore, to win special projects, businesses sign public-private partnership contracts with the government. The vast majority of publicly traded companies are vertically integrated throughout the supply chain, including garbage collection, transportation, and disposal services. As a result, operational costs are reduced and profit margins are increased, allowing enterprises to gain a considerable market share.

Some prominent players in the global waste recycling services market include:

• Eurokey Recycling, Ltd.
• Northstar Recycling
• Triple M Metal LP
• Amdahl Corp.
• Interface, Inc.
• Covanta
• Epson, Inc.
• Collins & Aikman
• Xerox Corp.
• Fetzer Vineyards
• Biffa

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Powder Metallurgy Market PEST Analysis, Distribution Channel Outlook and Regional Trend

Powder Metallurgy Industry Overview

The global powder metallurgy market size is estimated to reach USD 5.02 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 11.4% over the forecast period. Increasing initiatives to reduce the weight of aerospace parts by using additive manufacturing along with a rise in demand for lightweight auto parts from the automotive industry drives the market growth. 

The aircraft manufacturers are focusing on saving the cost and weight of aircraft parts, which increases the demand for 3D printing materials to deliver high-performance and cost-effective aircraft elements. An increase in the number of 3D printers in terms of feature, size, and material compatibility in the long run coupled with strong competitive strategies to expand through various partnerships and joint ventures is further expected to drive the market growth.

Powder Metallurgy Market Segmentation

Grand View Research has segmented the global powder metallurgy market on the basis of material, process, application, end-use, and region:

Based on the Material Insights, the market is segmented into Titanium, Nickel, Steel, Aluminum, Cobalt, and Others.

• The steel segment held the largest revenue share of 46.8% in 2020 of the global market.
• The low cost and easy availability of steel are expected to increase its utilization in the printing of large products, including machines, car frames, and transport equipment over the coming years.

Based on the Process Insights, the market is segmented into Additive Manufacturing, Metal Injection Molding (MIM), and Powder Metal Hot Isostatic Pressing (PM HIP).

• The Powder Metal Hot Isostatic Pressing (PM HIP) segment accounted for the largest volume share of over 55% in 2020, followed by the Metal Injection Molding (MIM) and additive manufacturing segments.
• The additive manufacturing process is expected to register the fastest growth rate of 24.6%, in terms of revenue, over the forecast period.

Based on the Application Insights, the market is segmented into Aerospace & Defense, Automotive, Medical & Dental, Oil & Gas, and Industrial.

• The aerospace & defense application segment accounted for the largest revenue share of more than 51.0% in 2020 of the global market.
• The ability of the aerospace & defense industry to bear high initial costs and adaptable nature for new technologies are anticipated to propel the segment growth.
• Increasing health consciousness and rising consumer disposable income levels are the key factors driving the growth of the medical & dental industry.

Based on the End-use Insights, the market is segmented into Original Equipment Manufacturers (OEMs), and AM Operators.

• Large OEMs, especially in the aerospace industry, are investing in metal 3D printing to manufacture aeronautical parts, which offer advantages such as reduced turnaround time, reduction in error, innovation, improved security, improved productivity, cost savings, and enhanced design standards.
• AM operators include online and offline 3D printing service providers. Online 3D printing services are gaining prominence as they help streamline the ordering process through online platforms, thereby reducing the overall production time substantially, which drives the market growth.

Powder Metallurgy Regional Outlook

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

Key Companies & Market Share Insights

Companies are also aiming for survivability and resilience to hold financial stability in the post-COVID-19 scenario. In the wake of the COVID-19 crisis, the demand for powder metallurgy slumped significantly owing to the temporary shutdown of industries. Moreover, the whole supply chain got disrupted, which hampered the market dynamics. Hence, as of 2021, companies are looking forward to revised business models to cater to the growing demand.

Some of the prominent players in the global powder metallurgy market include:

• Molyworks Materials Corp.
• Advanced Technology & Materials Co., Ltd. (AT&M)
• JSC POLEMA
• Sandvik AB
• Höganäs AB
• GKN PLC
• Rio Tinto Metal Powders
• Rusal
• CRS Holdings, Inc.
• Liberty House Group

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

Polyvinyl Alcohol Films Market Application, Profit Margin Analysis and Business Environment Study

Polyvinyl Alcohol Films Industry Overview

The global polyvinyl alcohol films market size is expected to reach USD 551.59 million by 2028, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.3% from 2021 to 2028. Sustainable packaging is in high demand on account of its ability to aid in the reduction of landfills and compliance with stringent regulations related to packaging. In addition, sustainable packaging solutions have gained importance on account of safety, performance, and convenience in the packaging of products.

PVA films are widely used as eco-friendly polymers and have contributed significantly to the growth of the sustainable packaging industry. Increasing government initiatives to support green packaging is also expected to be the key driving factor for the market. However, volatile raw material prices are expected to be a key challenge to the growth over the forecast period. The increasing global population, coupled with growing disposable income is offering high Purchase Power Parity (PPP) that has resulted in an improved standard of living. This is resulting in additional services being adopted, such as laundry services, in their daily routine.

Increasing application scope in various end-use industries is expected to drive the detergent demand. Green packaging initiatives in developed regions, such as North America and Europe, are anticipated to increase the product consumption levels in these regions. Growing environmental concerns owing to hazards caused by the disposal of electronic products are expected to drive the PVA films market growth.

Polyvinyl Alcohol Films Market Segmentation

Grand View Research has segmented the global polyvinyl alcohol films market on the basis of application and region:

Based on the Application Insights, the market is segmented into Detergent packaging, Agrochemical Packaging, Laundry Bags, Embroidery, and Others.

• Detergent packaging was the dominant application segment in 2020 and accounted for a revenue share of over 37%. It is also estimated to expand further at the fastest CAGR of more than 5% over the forecast period. 
• PVA films in embroidery applications are still at their nascent stage and are expected to grow at a steady CAGR from 2021 to 2028. Their usage in embroidery increases the dimensional stability of the materials, whereas their usage in laundry bags eliminates contamination problems, particularly in the medical industry.
• Agrochemical packaging is another major driver for the market. Agrochemicals, such as pesticides, insecticides, herbicides, fertilizers, and other chemicals, are witnessing high demand in the agricultural sector. Thus, creating lucrative growth opportunities for PVA films.

PVA Films Regional Outlook

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

Key Companies & Market Share Insights

The market is considered to be a growing market in light of the rising demand for environmentally friendly products, which help avoid harmful ecological as well as health impacts. The market is highly competitive and is characterized by the presence of medium- and large-scale manufacturers. Producers attain economies of scale as the raw materials are available at relatively lower prices and the plants are located in close vicinity to the raw material suppliers. Over the past few years, the market has observed a considerable rise in product manufacturing capacities. Global companies expanded their production capacities to meet the rising global demand.

Some of the prominent players in the global polyvinyl alcohol films market include:

• Aicello Corp.
• Changzhou Water Soluble Co., Ltd.
• Arrow GreenTech Ltd.
• Mitsubishi Chemical Corp.
• Kuraray Co., Ltd.
• Cortec Corp.
• AMC (U.K.) Ltd.
• MSD Corp.
• Sekisui Chemical Co., Ltd.
• Chang Chun Group

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

U.S. Biochar Market Growth Drivers, Vendor Landscape and Raw Material Outlook by 2028

U.S. Biochar Industry Overview

The U.S. biochar market size is expected to reach USD 433.4 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.8% from 2021 to 2028. The market is majorly driven by rising demand for biochar in agricultural applications because of its ability to maintain soil stability and water holding capacity for a long duration due to the high amount of carbon content, which improves the productivity of crops, organic chemicals, and other major application industries.

The market for biochar in the U.S. is still in the nascent stage. The product is expected to gain significance for increasing agricultural productivity and crop yield in the near future. In addition, growing consumer awareness in the U.S. regarding the benefits of organic food is expected to propel the product demand owing to its ability to enhance soil fertility and plant growth.

U.S. Biochar Market Segmentation

Grand View Research has segmented the U.S. Biochar market on the basis of technology, application, and state:

Based on the Technology Insights, the market is segmented into Pyrolysis, Gasification, and Others.

• In terms of revenue, the pyrolysis segment dominated the market for biochar in the U.S. and accounted for a share of 83.0% in 2020.
• The gasification segment is expected to witness a CAGR of 16.9% in terms of revenue over the forecast period. This high share is attributed to the technological superiority of this process.

Based on the Application Insights, the market is segmented into Agriculture, Animal Feed, Health & Beauty Products, and Others.

• In terms of revenue, the agriculture application segment dominated the market and accounted for the largest share of 89.0% in 2020. 
• The animal feed application was the second-largest segment in 2020 and is expected to witness a CAGR of 18.1% in terms of revenue from 2021-2028.

U.S. Biochar State Outlook

• California
• Texas
• Kansas
• Oklahoma
• Idaho
• Arizona
• Other States

Key Companies & Market Share Insights

The U.S. biochar industry being in the nascent stage is projected to have significant opportunities for development. The major focus of the manufacturers is to increase awareness regarding the product. Industry participants are also focusing on developing low-cost and reduced carbon emission manufacturing techniques, which would result in low production and end-product cost. Major players have private or government support for R&D and hence are focusing on using cost-effective and quicker manufacturing techniques.

Some of the prominent players in the U.S. biochar market include:

• BioCharWorks
• Biochar Supreme
• Avello Bioenergy
• Black Owl Biochar
• Aries Clean Energy LLC
• Pacific Biochar Benefit Corporation

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

Aluminum Foil Packaging Market Application Outlook and Research Report by 2028

Aluminum Foil Packaging Industry Overview

The global aluminum foil packaging market size is expected to reach USD 47.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.5% from 2020 to 2028. Aluminum foil packaging products such as pouches, foils, and wraps, among others, are used in the food and beverage industry as they provide an excellent barrier against moisture, light, and oxygen.

The majority of the food consumed in western countries comes packaged. Aluminum packaging is gaining demand in food application, as it not only protects the food from contamination or spillage but also attracts consumer attention. These products are flexible, light, and are easy to recycle, which is expected to be key factors for their growing popularity in end-use applications.

Aluminum Foil Packaging Market Segmentation

Grand View Research has segmented the global aluminum foil packaging market on the basis of product, end-use, and region:

Based on the Product Insights, the market is segmented into Foil Wraps, Pouches, Blisters, Containers, and Others.

• The aluminum foil wraps segment dominated the aluminum foil packaging market and accounted for the largest revenue share of over 33.0% in 2020.
• They are used as one of the layers in snack pouches, liquid cartons, candy wraps, confectionery wraps, and pharmaceutical pouches or bags. These extensive applications across end-use industries have made foil wraps a prominent product segment.
• Pouches are used for packaging products across the food and beverage, personal care and cosmetics, and home care industries.
• The Cost-effectiveness and convenience of pouches compared to rigid packaging solutions are mainly driving their growth across various applications.

Based on the End-use Insights, the market is segmented into Food & Beverage, Tobacco, Pharmaceutical, Cosmetic, and Others.

• The food and beverage segment dominated the market and accounted for the largest revenue share of 46.0% in 2020.
• Due to flexibility, lightweight, food safety, aroma protection, wide availability, and low cost are also responsible for the widespread adoption of aluminum foils in the food and beverages industry for packaging applications.
• Tobacco is a perishable consumer product where aluminum foil is the ideal barrier material for the inner lining of cigarette packets. This application segment is expected to witness a CAGR of 3.4% over the projected period. 

Aluminum Foil Packaging Regional Outlook

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

Key Companies & Market Share Insights

Some of the key players are focusing on mergers and acquisitions to increase their product portfolio and customer base. For instance, in June 2019, Amcor plc completed the acquisition of Bemis Company Inc., a U.S.-based packaging manufacturer, for nearly USD 6.8 billion. The acquisition has significantly expanded the former’s product portfolio, customer base, manufacturing capability, and geographic presence across the world.

Some of the prominent players in the global aluminum foil packaging market include:

• Amcor Plc
• Constantia Flexibles
• Novelis Aluminum
• Raviraj Foils Limited
• Ampco
• Symetal
• Aliberico S.L.U
• Coppice alupack ltd
• Eurofoil Luxembourg S.A.

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

Insect Protein Market Business Drivers, Top Companies and Competitive Analysis

Insect Protein Industry Overview

The global insect protein market size is expected to reach USD 1.74 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 27.4% from 2021 to 2028. The growing consumer awareness regarding the consumption of nutritional food products and increasing preference for a healthy lifestyle are expected to drive the demand for insect protein over the forecast period. The insect industry is growing at a fast pace to increase production and supply chain, with a lot of investments, joint ventures, and partnerships. This has increased efficiency, advancements in technology, automation, improvements in genetics, and legislative changes. Moreover, insects are considered as a healthy food source in Western countries,that are packed with nutrients, are ecological, and are a sustainable source for food. 

In addition, consumer preference to experiment with new food products for taste and nutritional benefits and that support sustainability is the key factor that positively impacts the market growth. The growing health consciousness among consumers across the globe has increased the demand for healthy and nutritious food products, thus providing opportunities for manufacturers in various industries to offer healthy and nutritious food products. The sports and active nutrition segments have seen significant changes over the years with increasing demand from professional athletes, new protein supplements and energy bars, new players in the market, and changing consumer preferences. Preferences from consumers for a healthy lifestyle are driving the demand for protein supplements from various sources, including, animal-based, plant-based, and insect-based. Insects have evolved over the years as a source of nutritional supplements for sports and gym enthusiasts, thus offering growth opportunities for the market.

Insect Protein Market Segmentation

Grand View Research has segmented the global insect protein market on the basis of source, application, and region:

Based on the Source Insights, the market is segmented into Coleoptera, Lepidoptera, Hymenoptera, Orthoptera, Hemiptera, Diptera, and Others.

• Coleoptera dominated the market and held a revenue share of over 30.0% in 2020.
• Orthoptera is expected to emerge as the fastest-growing source segment with a revenue-based CAGR of 31.2% over the forecast period.
• The growing awareness, increasing demand for nutritional products, and ease of breeding insects are anticipated to fuel the segment growth.

Based on the Application Insights, the market is segmented into Food & Beverages, Animal Nutrition, Pharmaceutical & Supplements, and Personal Care & Cosmetics.

• Animal nutrition accounted for the largest revenue share of over 75.0% in 2020.
• Insect protein is primarily consumed as a feed additive for poultry, aquaculture, and other animals.
• High digestibility band amino acid and protein content ranging from 40% to 70% are gaining traction from animal feed manufacturers. 
• The food and beverages application segment emerged as the second-largest application segment in 2020 and is expected to witness considerable growth over the forecast period.

Insect Protein Regional Outlook

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

Key Companies & Market Share Insights

The market is highly competitive with the small and medium level players focusing on innovation, increasing production capacities, and research & development of products. For instance, in November 2020, Innova Feed announced a collaboration with Archer Daniels Midland Company, one of the key players in agribusiness. The collaboration was made to expand its insect protein business by constructing a new site in Illinois, the U.S. that will have a target capacity of 60,000 tons of insect protein per year.

Some prominent players in the global insect protein market include:

• InnovaFeed
• EnviroFlight
• Ynsect
• Hexafly
• Protix
• Aspire Food Group
• Chapul
• NutritionTechnologies
• Entomo Farms
• Goterra

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

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

Ceramics Industry Overview

The global ceramics market size is expected to reach USD 348.0 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.4% from 2021 to 2028. The growth of the construction sector, along with the increasing demand for medical equipment from the healthcare sector is expected to propel the market growth over the forecast period.

Ceramics are made generally from carbides, oxides, and nitrides. The traditional products comprise whiteware, porcelain, stoneware, and chinaware. The aforementioned products are mostly deployed in construction of residential and non-residential buildings; thus, rising construction activities across the globe coupled with renovation of existing properties are driving the market.

Ceramics Market Segmentation

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

Based on the Product Insights, the market is segmented into Traditional and Advanced.

• The traditional segment dominated the market for ceramics and held the largest revenue share of more than 58.0% in 2020. 
• Traditional ceramics are primarily composed of silica (quartz), feldspar, and clay. These minerals in various combinations are used in the manufacturing of ceramic tiles and other ceramic-related finished products.
• Increasing demand for tiles and tableware are thus, projected to boost segment growth over the coming years.
• Advanced ceramics is expected to witness substantial growth over the next eight years.

Based on the Application Insights, the market is segmented into Sanitary Ware, Abrasives, Bricks & Pipes, Tiles, Pottery, and Others.

• The sanitary ware segment dominated the market for ceramics and held the largest revenue share of more than 11.0% in 2020.
• Rising investments in luxury construction is expected to benefit product demand over the forecast period.
• The abrasives segment is expected to progress at a CAGR of 3.9% in the market for ceramics over the forecast period.
• These are used in tools that are widely utilized in various operations such as grinding, cutting, dressing, polishing, sharpening, and dressing, particularly for metal, wood, glass, stone, and plastics. In addition, they are used to prepare surfaces for the application of paints or adhesives.

Based on the End-use Insights, the market is segmented into Building & Construction, Industrial, Medical, and Others.

• The building and construction segment dominated the market for ceramics and held the largest revenue share of over 40.0% in 2020.
• Growth in residential and commercial construction along with public and other infrastructural works is stimulating the segment growth. 
• Rising government focus on affordable housing in various regions is anticipated to augment segment growth over the coming years.

Ceramics Regional Outlook

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

Key Companies & Market Share Insights

The global ceramics market is extremely competitive owing to the presence of numerous small and large players worldwide. Multiyear agreements, new product development, and capacity expansion are the key strategies adopted by the market players to strengthen their market positions. Companies have been trying to innovate new processes to develop an efficient way to manufacture ceramic end-products at low cost and in industrial-scale quantities. Many manufacturers are focusing on regional expansion to capture wider target customers. Research initiatives and mergers & acquisitions by manufacturers are expected to augment the growth of the ceramics industry over the forecast period.

Some of the prominent players in the global ceramics market include:

• 3M
• AGC Ceramics Co.,Ltd.
• Kajaria Ceramics Limited
• Kyocera Corporation
• Mohawk Industries, Inc.
• Momentive
• Morgan Advanced Materials
• RAK Ceramics
• Saint-Gobain
• Unifrax

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

Insulated Shippers Market Vendor Landscape and Major Raw Material Analysis Report by 2028

Insulated Shippers Industry Overview

The global insulated shippers market size is anticipated to reach USD 13.9 billion by 2028, accelerating at a CAGR of 10.0% over the forecast period, according to a new report by Grand View Research, Inc. The product is expected to witness significant demand in the coming years on account of its growing use in various end-use industries such as food & beverages and pharmaceuticals.

The penetration of the Internet has increased significantly globally over the past few years and led to the availability of groceries online. In order to deliver fresh produce or temperature-sensitive food products, online grocery stores majorly prefer insulated packaging to prevent the deterioration of fresh produce by maintaining the desired temperature. Therefore, on account of ever-increasing online groceries, home delivery end-use segment is anticipated to experience the highest growth rate in the coming years.

Insulated Shippers Market Segmentation

Grand View Research has segmented the global insulated shippers market on the basis of material, type, end-use, and region.

Based on the Material Insights, the market is segmented into Paper-based, Wool, Expanded Polystyrene (EPS), Expanded Polypropylene (EPP), Polyurethane (PU), Metalized Bubble Wrap, Vacuum Insulated Panels, Biodegradables, and Others.

• The EPS segment dominated the market for insulated shippers and accounted for the largest revenue share of 22.0% in 2020.
• The Expanded Polypropylene (EPP) shippers segment is anticipated to grow at a significant rate over the forecast period. Ascending demand for efficient cold supply chain solutions has been boosting the growth of this segment. 

Based on the Type Insights, the market is segmented into Single-use, and Multiple-use.

• The single-use segment dominated the market for insulated shippers and accounted for the largest revenue share of 62.8% in 2020.
• The single-use shippers with insulation are ideal for packaging a wide variety of products including seafood, laboratory samples, blood, medicines, cakes, chocolates, breast milk, cosmetics, vaccines, insulin, chemicals, and perishable products such as dairy items.
• The multiple-use insulated shippers segment is projected to progress at the fastest CAGR of 10.4% over the forecast period. 

Based on the End-use Insights, the market is segmented into Home Delivery, Agriculture, Fish, Life Sciences, and Others.

• The home delivery segment dominated the market for insulated shippers and accounted for the largest revenue share of 35.3% in 2020. The segment is likely to retain its pole position over the forecast period. 
• The market for insulated shippers has been witnessing a significant rise in the adoption of shipping boxes in the meal kits space over the past decade.

Insulated Shippers Regional Outlook

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

Key Companies & Market Share Insights

The market is highly fragmented with the presence of a sizable number of medium-sized companies. The key players mainly cater to the food and beverage, pharmaceuticals, and cosmetics industries. The insulated shippers’ industry has been witnessing a significant number of new product launches and expansions over the past few years. This can be attributed to the rising demand for shippers with proper insulation, mainly from dairy, confectionery, meat, fish, and general produce industries. Prominent market players are also focusing on the development of different liner materials owing to rising product demand and increasingly stringent regulations over the use of EPS across the world.

Some of the prominent players in the insulated shippers market include:

• Sonoco Products Company
• Sealed Air
• FEURER Group GmbH
• Sancell
• The Wool Packaging Company Limited
• Cool Pac
• Cascades, Inc.
• ICEE Insulated Folding Boxes
• Dinkhauser Kartonagen GmbH
• TemperPack
• Icertech
• Insulated Products Corporation
• Cambro

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

Reclaimed Lumber Market Business Drivers, Top Companies and Competitive Analysis

Reclaimed Lumber Industry Overview

The global reclaimed lumber market size is expected to reach USD 70.37 billion by 2028 registering a CAGR of 4.6% over the forecast period, according to a new report by Grand View Research, Inc. The global market is fueled by increasing awareness about the product among building material consumers and rising demand for green building materials.

The global industry growth is also credited to the burgeoning demand for wood-based products in flooring, furniture, paneling & siding, and architectural millwork owing to their durability and aesthetics. The antique look and aesthetic appeal offered by these products are the major factors responsible for its high demand.
Reclaimed Lumber Market Segmentation

Grand View Research has segmented the global reclaimed lumber market on the basis of application, end-use, and region:

Based on the End-use Insights, the market is segmented into Residential, Commercial, and Industrial.

• The commercial end-use segment dominated the market in 2020 and accounted for over 57% of the global revenue share. The segment is projected to witness the fastest CAGR from 2021 to 2028.
• The industrial applications accounted for a minor share in the market on account of the dynamic nature of the industrial processes and stringent policies & regulations regarding the materials used in the industrial premises.

Based on the Application Insights, the market is segmented into Flooring, Paneling & Siding, Beams, Furniture, and Others.

• The furniture segment led the global market with a revenue share of over 31% in 2020 and is projected to witness significant growth from 2021 to 2028.
• High demand for antique furniture and custom-manufactured furniture, including chairs, shelves, etc. is expected to drive the segment growth over the forecast period.
• Flooring is one of the prominent applications. Materials ranging from clear, vertical grain to naily grade are preferred for flooring applications.

Reclaimed Lumber Regional Outlook

• North America
• Europe
• Asia Pacific
• Rest of the World

Key Companies & Market Share Insights

Players in the global market primarily compete based on product quality, customer service, and product price. The players focus on providing high-quality materials and follow a focused cost leadership. Many companies try to gain a competitive advantage based on competitive prices, the wide selection of materials, and turnaround time. The market is competitive and exhibits increased integration of players across the value chain. However, companies across every stage of the value chain face limitations on the expansion of their geographical scope due to increasing transportation costs.

Some prominent players in the global reclaimed lumber market include:

• Vintage Timberworks, Inc.
• Carpentier Hardwood Solutions, NV
• Imondi Flooring
• TerraMai
• Jarmak Corporation
• Elemental Republic
• Olde Wood Ltd.
• Trestlewood
• True American Grain Reclaimed Wood
• Beam and Board, LLC
• Altruwood

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

U.S. Coated Steel Market Economic Landscape and Growth Restraint Analysis Report by 2028

U.S. Coated Steel Industry Overview

The U.S. coated steel market size is expected to reach USD 36.71 billion by 2028, expanding at a CAGR of 4.4% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for lightweight automotive parts coupled with a rising trend toward the aesthetic appearance of steel products is anticipated to drive market growth across the projected period.

Rising importance of metal roofing in adverse climates in the United States has fueled the demand for galvanized steel that provides a superior and long-lasting performance. Fire resistance, easy installation, low heat conduction, and lightweight are all advantages of metal roof. These factors are driving the demand for metal roofs in the United States, and is expected to have a favorable impact on consumption of galvanized steel in the projected period.

U.S. Coated Steel Market Segmentation

Grand View Research has segmented the U.S. coated steel market based on product, application, and region:

Based on the Product Insights, the market is segmented into Galvanized, Pre-painted, and Others.

• Galvanized accounted for a revenue share of more than 82.0% in 2020.
• The growth of the U.S. housing construction market is thus, anticipated to further augment the segment growth over the forecast period.
• Pre-painted steel finds application in construction, appliances, automotive, and container industries. It is used in metal roofing, garage doors, lighting fixtures, appliances, HVAC, refrigerator cabinets and doors, washing machines, freezers, coolers, microwaves, and dishwashers.
• Rising demand for consumer goods in the U.S. is anticipated to augment segment growth over the forecast period.

Based on the Application Insights, the market is segmented into Building & Construction, Appliances, Automotive, and Others.

• Based on application, the building and construction segment accounted for the largest volume share of more than 43.0% in 2020.
• In the automotive segment, the product is preferred for its characteristics and low cost. The increasing prominence of lightweight materials for automotive manufacturing is expected to be the key catalyst for product demand.
• Other applications include furniture, packaging, and fabrications.
• The increasing demand for the product in metal furniture, food packaging, and steel fabrication is augmenting the market growth.
• Steel is extensively used in metal furniture. Its applications range from office furnishings to outdoor settings. It is used in producing hinges, slides, and body pieces.

Some of the prominent players operating in the U.S. coated steel market are: 

• ArcelorMittal
• Cleveland-Cliffs Inc.
• Nippon Steel Corporation
• NLMK
• Nucor
• Salzgitter AG
• Steel Dynamics, Inc.
• United States Corporation
• voestalpine AG

Order a free sample PDF of the U.S. Coated Steel Market Intelligence Study, published by Grand View Research.