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Antibodies Industry | Forecast 2030

Antibodies Industry Data Book – Antibodies Production, Polyclonal Antibody, Monoclonal Antibody, Cancer Monoclonal Antibody, Research Antibody, Custom Antibody, Mammalian IgG Polyclonal Antibody Market

Grand View Research’s antibodies industry data book is a collection of market sizing & forecast insights, market dynamics & trends, opportunity assessment, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, and macro-environmental analysis studies. Within the purview of the data book, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.

Antibody Production Market Insights

The global antibody production market size was valued at USD 16.35 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.92% from 2023 to 2030. Increasing prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases, coupled with the growing demand for therapeutic antibodies, has led to the rapid growth of the market. The COVID-19 pandemic has had a significant impact on the market. With the urgent need for therapeutic antibodies and vaccines to combat the virus, there has been a surge in demand for antibody production services.

The global antibody production market based on product, process, type, end-use, and region: In 2022, the consumables segment dominated the market with a market share of 55.93% and is estimated to have the highest CAGR during the forecast period. Consumables include a wide range of products such as reagents, kits, media, buffers, and other materials that are used in the production of antibodies. The increasing demand for antibodies for research, diagnostics, and therapeutics has led to a corresponding rise in the demand for consumables. In addition, the increasing adoption of automated systems for antibody production has also contributed to the growth of the consumables segment.

Polyclonal Antibodies Market Insights

The global polyclonal antibodies market size was valued at USD 1.48 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.01% from 2023 to 2030. This is mainly attributed to the growing prevalence of infectious and chronic diseases such as cancer across the globe, increasing technological advancements in antibody-based drugs, and the rising R&D activities in the biopharmaceutical industry. Moreover, as compared to monoclonal antibodies, the manufacturing cost of polyclonal antibodies is less. Polyclonal antibodies (pAbs) are widely used in qualitative and quantitative biological analysis and various diagnostic testing.

The global polyclonal antibodies market based on product, application, source, end-user, and region: In 2022, the secondary antibodies segment dominated the market with a market share of 56.14%. Secondary Abs bind to primary Abs that are raised against the target antigen and amplify the signal through various detection methods including ELISA, Western blotting, and Immunohistochemistry. In addition, secondary Abs are typically produced by immunizing host animals, such as rabbits, goats, or mice along with the immunoglobulin (Ig) of the same species as the primary antibody. Thus, this leads to the production of polyclonal secondary Abs that can recognize multiple epitopes on primary Abs, henceforth increasing the sensitivity and specificity of the assay.

Order your copy of the Free Sample of “Antibodies Industry Data Book – Antibodies Production, Polyclonal Antibody, Monoclonal Antibody, Cancer Monoclonal Antibody, Research Antibody, Custom Antibody, Mammalian IgG Polyclonal Antibody Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Monoclonal Antibodies Market Insights

The global monoclonal antibodies market size was valued at USD 210.06 billion in 2022 and is projected to exhibit a compound annual growth rate (CAGR) of 11.04% from 2023 to 2030. Rising prevalence of chronic diseases such as cancer, cardiovascular diseases, and others are increasing the demand for biologics, which is anticipated to serve as a key factor driving the monoclonal antibodies (mAbs) market. Similarly, increasing applications of mAb therapies for targeted therapies and rising awareness about such therapies amongst patients and physicians is expected to significantly contribute toward the market growth.

The global monoclonal antibodies market based on source type, production type, application, end-use, and region: The human source type held the largest share and accounted for 54.3% of the market value in 2022. Human mAbs offer efficient modulation in effector functions and are less immunogenic as compared to chimeric or humanized mAbs. Such antibodies can be produced through the use of phage display and hybridoma technologies in transgenic mice. As a result, with recent technological progress in genetic engineering, the production of fully human mAbs is anticipated to gain traction in the near future.

Cancer Monoclonal Antibodies Market Insights

The global cancer monoclonal antibodies market size was valued at USD 73.79 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 18.20% from 2023 to 2030. Monoclonal antibody-based immunotherapy is a major element of cancer therapy besides surgery, chemotherapy, and radiation. mAbs have been recognized as one of the utmost successful therapeutic approaches for both solid tumors and hematologic malignancies in the last 20 years. The rising prevalence of cancer and increasing drug approvals along with a robust pipeline are the key factors augmenting the market growth. Millions of people globally stand to benefit both from the current monoclonal antibody-based therapies and those that are in development.

The global cancer monoclonal antibodies market based on type, application, end-user, and region: The humanized segment held the highest market share of 40.58% in 2022. Humanized monoclonal antibodies are engineered to replace the mouse-related immunogenic or epitope structures. Due to the low cost, availability, and quick production time for mouse monoclonal antibodies, the humanization of mouse monoclonal antibodies has been applied on a large scale, thereby driving the growth of the market. In addition, 50% of newly approved mAbs are humanized monoclonal antibodies.

Go through the table of content of Antibodies Industry Data Book to get a better understanding of the Coverage & Scope of the study

Research Antibodies Market Insights

The global research antibodies market size was valued at USD 1.5 billion in 2022 and is expected to grow at compound annual growth rate (CAGR) of 4.76% from 2023 to 2030. B cells are responsible for producing antibodies, which are essential components of the human immune system. These molecules are ideal probes for studying cells since they can attach themselves to particular molecules and can be employed to separate or identify important chemicals found in cells. These attributes of antibodies are anticipated to drive their adoption in various research applications in the near future. The outbreak of COVID-19 has created lucrative opportunities in the research antibodies market. Several leading pharmaceutical companies are investing heavily in R&D to create brand-new vaccinations, treatments, and testing tools for this pandemic.

The global research antibodies market on the basis of product, type, technology, source, application, end-use, and region: The primary antibodies segment captured the highest revenue share of 74.46% in 2022, and is also projected to grow at the fastest rate throughout the forecast period. This can be attributed to increasing availability of primary antibodies using rabbit, mouse, goat, and other species as host, and the wide range of utility offered by such antibodies for applications in the R&D space. Also, owing to the usage of primary antibodies for frequently performed laboratory procedures, such as staining and imaging, the segment is predicted to grow at an exponential rate.

Custom Antibody Market Insights

The global custom antibody market size was valued at USD 147.6 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2030. Increasing demand for customized diagnostic and therapeutic treatments has encouraged players to invest in product development and expansion strategies. For instance, in January 2023, Creative Biolabs introduced a series of services, including therapeutic antibodies, to complement its therapeutic segment. The company is expected to offer comprehensive services of therapeutic antibody development. The market is expected to witness lucrative growth during the forecast period. Technological advancements in the workflow by market players are likely to support end-users with the process of development.

The global custom antibody market based on type, service, source, application, end-user, and region. Monoclonal antibodies held the major share of the custom antibodies market in 2022 with 50.6%. This dominant market share is attributed to high R&D investments by prominent market players. In addition, the increasing risk of lifestyle-related chronic diseases is anticipated to drive clinical urgency to incorporate these systems, thus propelling the custom antibodies market over the forecast period. However, custom monoclonal antibodies are relatively expensive, resulting in a higher cost of production for the end-users. Thus, the high production cost is likely to hamper segment growth in the long run.

Mammalian Polyclonal IgG Antibody Market Insights

The global mammalian polyclonal IgG antibody market size was valued at USD 1.13 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.01% from 2023 to 2030. The growth of the industry is attributed to various factors, such as benefits over other antibody forms, rising R&D investments, and increasing adoption of novel diagnostic procedures. For instance, in January 2023, Xeno Thera published a favorable result on the use of XAV-19, a glycol-humanized polyclonal antibody, to treat all variants of COVID-19. The product is under clinical trials since 2020 and over 700 patients participated in the trials.

The global mammalian polyclonal IgG antibody market on the basis of type, product, application, end-user, and region: The mouse segment is anticipated to exhibit the fastest CAGR of 8.59% from 2023 to 2030 owing to the predominant use of these animals for polyclonal antibody production. Mice’s immune system is similar to the human immune system, their functions of all the genes and the development of egg and sperm are in the same way as a human. This genetic semblance helps researchers reduce the variability. Mice are easy to breed and economically friendly too. For instance, Bio X Cell offers mouse polyclonal antibodies ranging from USD 159 for 1 mg to USD 4,155 for 100 mg. These price ranges differ for non-profit and academic organizations.

Key players operating in the Antibodies Industry are –

Some of the major players are Danaher Corporation, Thermo Fisher Scientific Inc., Sartorius AG, GE Healthcare, Eppendorf AG, Merck KGaA, Amgen Inc, Novartis AG, AstraZeneca plc, Abcam plc, F. Hoffman-La Roche Ltd., and Eli Lilly and Company among many others.

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

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Bioplastics Industry | Forecast 2030

Bioplastics Industry Data Book – Biodegradable Plastic, Polylactic Acid (PLA), Bio-based Polyurethane (PU) and Biopharma Plastics Market

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

The economic volume generated by the bioplastics industry was estimated at approximately 2,470.6 kilotons in 2021.

Biodegradable Plastic Market Insights

The global biodegradable plastic market size was estimated at USD 4.7 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2023 to 2030. Governments prohibiting the use of single-use plastic coupled with rising awareness among the public regarding the ill effects of plastic waste are among the key trends stimulating market growth. Additionally, increasing the use of biodegradable plastics in packaging and agriculture is anticipated to supplement the growth of the segment. Non-decomposable plastics are a global issue. Governments around the world are tackling this problem by banning single-use plastics and promoting the use of biodegradable plastics. Moreover, consumers are willing to pay more for biodegradable plastics owing to their eco-friendly nature. The aforementioned factors, cumulatively, are providing a fillip to the market.

The global biodegradable plastics market based on product, application, and region: Starch Based was the largest product segment for biodegradable plastics in 2022 with a revenue share of more than 41.3%. On the basis of product, the market is divided into starch-based, PLA, PBAT, PBS, PHA, and others. The starch-based segment is projected to dominate the market in terms of value as well as volume throughout the forecast horizon. Starch-based plastics are used in application industries such as packaging, automobiles, and agriculture. The PLA Product plastics are also rapidly gaining their ground in the arena. The inexpensive cost of PLA compared to any other Product is a major driving factor for the segment.

Order your copy of the Free Sample of “Bioplastics Industry Data Book – Biodegradable Plastic, Polylactic Acid (PLA), Bio-based Polyurethane (PU) and Biopharma Plastics Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 – 2030” Data Book, published by Grand View Research

Polylactic Acid Market Insights

The global polylactic acid market size was estimated at USD 624.97 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 21.4% from 2023 to 2030.The rising application scope of bioplastics in packaging, automotive & transport, agriculture, electronics, and other applications is expected to augment the demand for Polylactic Acid (PLA) over the forecast period. The product demand is highin the end-use industries, such as agriculture, textile, transport, and packaging. Polylactic acid, a low-carbon emission polymer, has seen rapid growth in its global demand in comparison to conventional polymers.

The global polylactic acid market on the basis of end-use and region: The packaging sector dominated the end-use segment and accounted for the largest revenue shareof over 36.0% in 2022 due to the broad usage of PLA for manufacturing jars, containers, and bottles, along with fresh food packaging. The global customer preference for fill and ecological packaging is forcing manufacturers to usePLA in packaging. Packaging is one of the major applications of PLA in the food packaging industry. PLA-based plastic bottles are disposable, durable, and possess properties, such as gloss and transparency. Furthermore, stringent regulations on single-use plastics in countries, including Taiwan, the UK, Zimbabwe, New Zealand, and several states in the United States (including New York, Hawaii, and California), are considerably pushing the demand for PLA in the packaging end-use sector.

Go through the table of content of Bioplastics Industry Data Book to get a better understanding of the Coverage & Scope of the study

Bio-based Polyurethane Market Insights

The global bio-based polyurethane market size was estimated at USD 36.39 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.97% from 2023 to 2030. The development of green buildings and the implementation of several sustainable construction initiatives are expected to augment the demand for bio-based plastics over the forecast period. Bio-based polyurethane coatings find application in the automotive industry. Properties such as abrasion resistance, scratch resistance, and durability are paving the demand for bio-based polyurethane coatings in the automotive industry. The increasing need to reduce dependency on foreign oil and rising concern over CO2 emissions are propelling the demand for bio-based polyurethane among automobile manufacturers.

The global bio-based polyurethane market based on product, end-use, and region: The building & construction sector dominated the end-use segment and accounted for the largest market share based on revenue of over 34.0% in 2022. Growing urbanization and industrialization, especially in emerging economies, such as China and India, coupled with rising infrastructure development activities in the Middle East are expected to fuel the growth of the construction industry, in turn, creating demand for bio-based polyurethane.

Biopharma Plastics Market Insights

The global biopharma plastics market size was valued at USD 4,811.88 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.3% from 2023 to 2030. Factors such as the increase in global healthcare expenditure and increasing cases of cancer across the globe are expected to boost market growth during the forecast period. Biopharma plastics are widely utilized in the manufacturing of various healthcare products such as protective wear, containers, syringes, disposable connectors, and bioreactor bags owing to their properties including thermal stability, low chemical reactivity, and high resistivity.

The global biopharma plastics market based on polymer type, application, and region: Polyvinyl chloride (PVC) dominated the global market and accounted for more than 21.0% share of the overall revenue in 2022. Polyvinyl chloride can undergo many processes without breaking or cracking, which accounts for its multiple uses in the market. It is extremely flexible, resistant, and can easily withstand high temperatures, making it suitable for the production of syringes, disposable connectors, depth filters, and other applications of biopharma plastics.

Key players operating in the Bioplastics industry are –

The bioplastics market is temperately concentrated with the presence of key players such as BASF SE, Avantium, NatureWorks LLC, SABIC, Total Corbion PLA, Biome Technologies plc, and TEIJIN LIMITED along with some other new and growing market players. The global market players face strong competition from each other as well as from other regional and national players having a well-established supply chain network and compliance with regulations and knowledge of suppliers across markets.

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

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Active Pharmaceutical Ingredients and High Potency API Industry | Forecast 2030

The global API and HPAPI markets combine to account for USD 233.31 billion revenue in 2021, which is expected to reach USD 393.65 billion by 2030, growing at a cumulative rate of 6.0% over the forecast period.

Grand View Research’s API and High Potency API industry databook is a collection of market sizing & forecasts insights, regulatory & technology framework, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses studies. Within the purview of the database, such information is systematically analyzed and provided in the form of summary presentations and detailed outlook reports on individual areas of research.

Active Pharmaceutical Ingredients Market Insights

The global active pharmaceutical ingredients market size was valued at USD 222.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030. The growth can be attributed to the advancements in active pharmaceutical ingredient (API) manufacturing and the rising prevalence of chronic diseases, such as cardiovascular diseases and cancer. Favorable government policies for API production, along with changes in geopolitical situations, are boosting market growth. The API market is undergoing immense changes due to supply chain disruption by COVID-19. Countries such as India are being preferred over China for the export of API owing to geopolitical situations and the demand to reduce dependence on China for API products. Furthermore, governments of many countries have formulated plans and granted incentives to promote the production of API.

The global active pharmaceutical Ingredients market based on the type of synthesis, type of manufacturer, type, application, type of drug and region: The captive API segment accounted for the largest revenue share of 51.5% in 2022. It is anticipated to grow at a significant rate in the upcoming years owing to the easy availability of raw materials and extensive investments by major players to develop high-end manufacturing facilities. Furthermore, recent developments and initiatives by key players suggest that they are highly focused on in-house manufacturing over outsourcing. For instance, in November 2019, Novartis announced the acquisition of CellforCure-a France-based CDMO-for producing molecules in-house, which was earlier contracted to CellforCure. These initiatives undertaken by key players are anticipated to boost segment growth.

Order your copy of the Free Sample of “Active Pharmaceutical Ingredients and High Potency API Industry Data Book – Active Pharmaceutical Ingredients and High Potency Active Pharmaceutical Ingredients Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

High Potency Active Pharmaceutical Ingredients Market Insights

The global high potency active pharmaceutical ingredients market size was estimated at USD 25.17 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. High potency active pharmaceutical ingredients (HPAPI) market is witnessing growth due to the factors such as thegrowing applications of HPAPI, increasing prevalence of cancer, and growth of targeted therapies.Rise in the incidence of cancer has resulted in increase in R&D pertaining to anticancer drugs, which is expected to boost the growth of the HPAPI market over the forecast period.

The growing number of COVID-19 cases adversely affects the production of drugs as well as the manufacturing of HPAPI. Rising incidence of infection among workers led to the closure of manufacturing plants for safety purposes. Thus, high incidence and government-imposed lockdowns hampered growth of the high potency APIs market during the pandemic. For instance, in March 2020, Jubilant Pharmova Limited closed the API production plant due to the spread of coronavirus infection at production site. This shutdown affected HPAPIs, which were under development.

The global high potency active pharmaceutical ingredients market report based on product, manufacturer type, drug type, application, and region: The synthetic segment accounted for the largest revenue share in the HPAPI market in 2022. The growth of this segment is due to the higher effectiveness in treatment offered by synthetic HPAPI for a wide range of diseases at very small dosages. Moreover, with the expiry of patents associated with synthetic molecules, there is an increasing entry of generics into the market. The FDA carried out the generic drug program to ensure the availability of high-quality and cost-effective drugs in the U.S. amid COVID-19. It reduces the total healthcare cost and decreases the financial burden on patients by promoting generic products. In 2020, FDA approved 948 ANDA applications, including 72 first generic drugs.

Go through the table of content of Active Pharmaceutical Ingredients and High Potency API Industry Data Book to get a better understanding of the Coverage & Scope of the study

API and HPAPI Industry, By Type of Synthesis

• Biotech
• Synthetic

API and HPAPI Industry, By Type of Manufacturer

• Captive APIs
• Merchant APIs

API and HPAPI Industry, By Type

• Generic APIs
• Innovative APIs

API and HPAPI Industry, By Application

• Cardiovascular Diseases
• Oncology
• CNS and Neurology
• Orthopedic
• Endocrinology
• Pulmonology
• Gastroenterology
• Nephrology
• Ophthalmology
• Others

API and HPAPI Industry, By Region

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Denmark
  • Norway
  • Sweden
  • Rest of Europe
• APAC
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Singapore
  • Thailand
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait
  • Rest of MEA

Key players operating in the Active Pharmaceutical Ingredients and High Potency API industry are –

Teva Pharmaceutical Industries Ltd., AbbVie, Inc., BASF SE, Boehringer Ingelheim International GmbH, CordenPharma, Merck & Co., Inc., Dr. Reddy’s Laboratories Ltd., Cipla, Inc., Bristol-Myers Squibb Company, Sun Pharmaceutical Industries Ltd., Sanofi, Pfizer, Inc., Viatris Inc., Albemarle Corporation, and Aurobindo Pharma.

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

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Plastics Industry | Forecast 2030

Plastics Industry Data Book – Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Markets

Plastics industry was estimated at approximately 307,966.7 kilotons in 2021

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

Plastic Resins Market Insights

The global plastic resins market size was estimated at USD 731.25 billion in 2021, projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030. Rising product demand from the construction, automotive, and electrical & electronics sectors is the key factor driving the market growth. The rapidly developing global automotive industry is expected to trigger the product demand in applications such as under-the-hood components, exteriors, and interiors of automobiles. The increasing application of resins in the automotive industry is spurred by the demand for lightweight and inexpensive multi-utility vehicle models with high fuel efficiency and an emphasis on aesthetics and comfort.

the global plastic resins market report based on product, application, and region: The crystalline resins product segment accounted for the maximum revenue share of more than 62% in 2021 and is expected to maintain its dominance throughout the forecast period. The Polyethylene (PE) resin sub-segment accounted for a prominent share in the crystalline type segment owing to their increasing demand from food packaging, stretch wrap, medical applications, etc. The non-crystalline resin segment accounted for around 1/5th of the overall revenue share in 2021. However, the demand for these products is expected to decline over the forecast years owing to the increasing utilization of other polymers, such as polyamide, polyether ether ketone, and liquid crystal polymers.

Order your copy of the Free Sample of “Plastics Industry Data Book – Plastic Resins, Plastic Additive, Plastic Compounds and Recycled Plastics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Plastic Additives Market Insights

The global plastic additives market size was valued at USD 43.5 billion in 2014. Plastic additives are increasingly utilized for varied functions including property modifiers, extenders, stabilizers, and processing aids in industrial applications. Additives such as antimicrobials, antioxidants, UV stabilizers, plasticizers, and impact modifiers are largely used in compound formulations to improve chemical and physical properties.

Rising industrial output and increased economic activity in emerging economies of Asia and South America are expected to drive the global industry over the forecast period. Regulatory bodies such as the European Commission (EU) amended acts such as the Restriction of Hazardous Substances (RoHS) to regulate and control plasticizers, flame retardants, and other additives owing to adverse effects on human health and environment.

The global Plastic Additives Market report based on Function, Product, and region: On the basis of function, the global industry has been segmented into property extenders, property modifiers, property stabilizers, and processing aids. Property stabilizers were the leading segment in 2014, accounting for 36.6% share of the overall volume in 2014. Property stabilizers are largely used to increase stability in terms of chemical bonding and thermal and physical properties. The segment is expected to reach USD 4.3 billion by 2022.

Plastic Compounds Market Insights

The plastic compounds market size was valued at USD 66.74 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028. Increasing demand from the automotive industry is anticipated to significantly drive the market growth during the forecast period. The use of compounded plastic products in automotive applications helps reduce fuel consumption on account of their lightweight.

Increasing awareness regarding consumer safety and health hazards in various industries, such as automotive, healthcare, and others is expected to drive the global demand for plastics over the forecast period. In the automotive industry, compounded plastics find application in under-the-hood components, structural parts, electrical components & lighting, and others.

The global plastic compounds market on the basis of basis of resin, technology, filler, end use, and region: The Polypropylene (PP) resin segment led the market and accounted for more than 27% of the overall revenue share in 2020 and is estimated to grow at the fastest CAGR over the forecast period. Polypropylene can be processed using any of the thermoplastic processing methods, such as injection molding, extrusion blow molding, and general-purpose extrusion. It provides good fatigue, chemical, and temperature resistance.

Recycled Plastics Market Insights

The global recycled plastics market size was valued at USD 47.60 billion in 2022 and is expected to exhibit a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. Increasing plastic consumption in the production of light weight components which are used in various industries including building & construction, automotive, electrical & electronics and various other industries is expected to propel the growth of recycled plastics demand over the forecast period.

Amid the global COVID-19 pandemic situation, the demand for various packaging products has increased owning to the rise in online purchase of electrical & electronics, personal care products and personal protective equipment products such as gloves, face mask, and various products. This, in turn, is driving the demand for recycled plastics in used in different types of packaging applications.

The recycled plastics market based on product, application, and region: Polyethylene product segment led the market and accounted for more than 26% share of the global revenue in 2022. This high share is attributable to the rising demand for packaging material in consumer goods, food & beverage, industrial and various other industries. Additionally, it is commonly used in laundry detergents packaging, milk cartons, cutting boards, and garbage bins, among various other applications.

Go through the table of content of Plastics Industry Data Book to get a better understanding of the Coverage & Scope of the study

Plastics Industry Market – Global Industry Segmentation

Recycled Plastics Market – Segment Analysis, by Product, 2019 – 2030 (USD Million)

• Plastic Resins Market
• Plastic Additives Market
• Plastic Compounds Market
• Recycled Plastics Market

Recycled Plastics Industry Data Book Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Australia
• Latin America
  • Brazil
  • Mexico
• Argentina
• Middle East & Africa (MEA)
  • South Africa

• United Arab Emirates
• Saudi Arabia

Key players operating in the Recycled Plastics industry are –

• BASF SE
• SABIC
• Dow Inc
• DuPont de Nemours, Inc
• Evonik Industries
• Sumitomo Chemical Co., Ltd.
• Arkema
• Celanese Corporation
• Eastman Chemical Company
• Chevron Phillips Chemical Co., LLC
• Lotte Chemical Corporation
• Exxon Mobil Corporation
• Formosa Plastic Corporation
• Covestro AG
• Toray Industries, Inc.
• Mitsui & Co. Plastic Ltd.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

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Handbag Industry | Forecast 2030

Handbag Industry Data Book – Tote Handbag, Clutch Handbag and Satchel Handbag Market

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

Handbag Industry Data Book Coverage Snapshot

Markets Covered

• Handbag Industry USD 40,431.9 million in 2022, 6.1% CAGR (2023-2030)
• Tote Handbags Market Size USD 21,186.7 million in 2022, 5.8% CAGR (2023-2030)
• Clutch Handbags Market Size USD 12,364.5 million in 2022, 6.0% CAGR (2023-2030)
• Satchel Handbags Market Size USD 6,872.1 million in 2022, 7.1% CAGR (2023-2030)

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

Tote Handbag Market Growth & Trends

Tote bags are generally larger in size compared to other handbags, providing ample space to carry essentials such as laptops, books, gym clothes, groceries, or even beach accessories. Their roomy interior makes them ideal for everyday use and practical for various activities. Korean fashion and aesthetics have gained significant popularity among younger consumers worldwide. Tote bags align well with the minimalist, practical, and stylish aspects of Korean fashion trends, contributing to their increased demand.

Leather is a durable material known for its longevity. Leather tote bags are designed to withstand regular use and can handle the wear and tear of everyday life. The high-quality craftsmanship associated with leather goods ensures that these handbags can last for years, making them a worthwhile investment for many consumers. Many professionals, such as businesspeople, lawyers, and executives, prefer leather tote bags for their sleek and polished appearance. Leather tote bags’ structured and professional look can enhance one’s overall image in a work or formal setting.

Luxury accessories brands continuously innovate in terms of design, offering unique and distinctive leather tote bag designs that capture the attention of affluent consumers. These brands often set trends and establish themselves as leaders in the fashion industry and collaborate with designers, driving the demand for their leather tote bags. For example, in November 2022, Luca Nichetto, a well-known furniture designer collaborated with Angela Roi, a prominent accessories brand to design a tote bag crafted from apple skin leather.

Order your copy of the Free Sample of “Handbag Industry Data Book – Tote Handbag, Clutch Handbag and Satchel Handbag Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Clutch Handbag Market Growth & Trends

The rise in disposable income, especially among the affluent population, has contributed to the increased demand for luxury bags. As consumers have more purchasing power, they are more likely to invest in high-end and designer handbags, including clutch bags, as a symbol of luxury and status. Clutch bags are often favored for social events and parties due to their compact size and stylish appeal. Consumers appreciate the convenience and elegance of clutch bags, which can elevate their outfits and make a fashion statement on special occasions.

Clutch handbags are characterized by their small size and lack of handles or straps, typically designed to be carried in one hand or tucked under the arm. Clutch leather handbags are versatile and can be easily paired with different outfits and occasions. They can be used during daytime events or dressed up for evening affairs, making them a versatile accessory choice. Also, the increasing prices of designer bags and their ever-increasing demand among high-income households have facilitated the overall demand for luxury accessories like leather clutch bags in countries like the U.S. and the U.K. For instance, according to Business and Fashion’s new data and insights on June 2022, the average price of a women’s designer bag in the US has increased by 27% since 2019.

Go through the table of content of Handbag Industry Data Book to get a better understanding of the Coverage & Scope of the study

Satchel Handbag Market Growth & Trends

Satchel handbags can make a fashion statement by adding a touch of style and personality to an outfit. They come in a wide range of colors, patterns, and embellishments, allowing individuals to express their individuality and complement their personal style. The unisex design and versatility of satchel handbags have made them a preferred choice for individuals who appreciate a gender-neutral accessory.

Leather satchels are extremely popular in the UK, where they are seen as an essential fashion item. Although satchel bags, particularly leather ones, were originally worn by horse riders and motorcyclists, they are increasingly being adopted by customers from various walks of life due to their utility and convenience.

Competitive Insights

The manufacturers aim to achieve optimum business growth and a strong market position through the implementation of various strategies such as acquisitions, new product launches, collaborations, and strengthening of distribution networks in the global as well as regional markets. Handbag manufacturers aim to intensify their market positions by widening their customer base. Thus, multinational players are aiming to achieve business growth in the regional market through mergers, acquisitions, and other strategic initiatives.

• For instance, in April 2023, Rashki, a sustainable fashion brand collaborated with Atma Leather to introduce banana leather bags in Indian markets. The brand has launched different bags made with Banofi leather that includes a Fede tote bag, a Unica Eco handbag, and Snow black and white crossbody bag.
• For instance, the Frayme Mylo bag marks a significant milestone in sustainable and cruelty-free fashion by introducing the vegan leather bag in Stella McCartney’s Summer 2022 collection. Mylo is a vegan leather alternative developed by Bolt Threads and the company showcases the potential of innovative materials in the fashion industry.

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About Grand View Research

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

Contact:

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Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

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White Spirits Industry | Forecast 2030

White Spirits Industry Data Book – Vodka, Rum and Gin Market

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

White Spirits Industry Data Book Coverage Snapshot

Markets Covered

• White Spirits Industry USD 57.37 billion in 2022, 6.0% CAGR (2023-2030)
• Vodka Market Size USD 35.94 billion in 2022, 6.2% CAGR (2023-2030)
• Rum Market Size USD 13.49 billion in 2022, 5.9% CAGR (2023-2030)
• Gin Market Size USD 7.94 billion in 2022, 5.3% CAGR (2023-2030)

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

Vodka Market Growth & Trends

The global vodka market size was estimated to reach USD 40.25 billion in 2030 and is expected to expand at a CAGR of 5.6% over the forecast period. Millennials have accounted for a significant percentage of alcohol drinkers in the recent past and this trend is anticipated to continue over the forecast period. The generation exhibits significant purchasing power and represents a major demographic for the alcoholic beverages market as they form a major percentage of consumers frequently visiting restaurants and pubs. As a result, they appear to be the most powerful buyers of various food and drink items, including vodka.

Vodka-based Ready to Drink (RTD) beverages such as pre-mixed cocktails, spirits, and hard seltzers are witnessing a huge increase in new product development, which is expected to drive the market. For example, in March 2022, under the Svedka brand, Constellation Brands launched a canned vodka line. The Tea Spritz line is described as a spirit-based hard seltzer that combines real tea, sparkling water, and natural tropical fruit flavors and is available in three flavors: Orange Mango, Pineapple Guava (both of which include turmeric), and Raspberry Kiwi.

Unlike beer and wine, vodka consumption at restaurants and bars has been growing. The growth is expected to continue outpacing on-premise consumption. With consumers’ return to bars following the COVID-19 disruptions, vodka’s on-premise consumption has been fueled, and this trend is anticipated to continue. According to IWSR Drinks Market Analysis in 2019, total vodka on-premise sales increased by 5.9% in the U.S. Grey Goose, for example, saw a 181% increase in on-premises sales in 2021, presenting lucrative opportunities for premium vodka manufacturers.

Order your copy of the Free Sample of “White Spirits Industry Data Book – Vodka, Rum and Gin Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Rum Market Growth & Trends

The global rum market size is expected to reach USD 18.15 billion by 2030, registering a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Rum is one of the most consumed beverages in all spirits, and consumers are highly inclined towards flavored and premium alcoholic beverages. Factors such as the growing urban population coupled with rising per capita income, consumers’ willingness to pay for premium brands, and younger generations increased footprints in places like nightclubs, pubs, and bars are expected to propel the market growth.

The high demand for flavored and spiced rums observed in recent years is driving the growth of the overall market. Rum is also extensively used for shakers, drink mixes, and cocktails thereby driving its demand among consumers. For instance, as per Wine and Spirit Trade Association in 2020, rum was declared the “drink of lockdown” owing to the availability of flavor-infused varieties. The change in consumer tastes and the growing demand for small-batch, handcrafted rum with darker/bolder flavor profiles are contributing to the growth of the market. For instance, Ron Zacapa 23 is made with brown sugar and hints of chocolate and caramel. This expression blends six to 23-year-old rum using the solera process, which combines younger and older liquids in oak casks. Such flavors have a higher preference among regular rum drinkers.

Go through the table of content of White Spirits Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Insights

The manufacturers aim to achieve optimum business growth and a strong market position through the implementation of various strategies such as acquisitions, new product launches, collaborations, and strengthening of distribution networks in the global as well as regional markets. White spirits material manufacturers aim to intensify their market positions by widening their customer base. Thus, multinational players are aiming to achieve business growth in the regional market through mergers, acquisitions, and other strategic initiatives.

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

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Car Wash & Detailing Services Industry | Forecast 2030

Car Wash & Detailing Services Industry Data Book – Car Wash Services and Car Detailing Services Market

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

Car Wash & Detailing Services Industry Data Book Coverage Snapshot

Markets Covered

• Car Wash & Detailing Services Industry USD 68.70 billion in 2022, 5.7% CAGR (2023-2030)
• Car Wash Services Market Size USD 30.80 billion in 2022, 6.0% CAGR (2023-2030)
• Car Detailing Services Market Size USD 37.91 billion in 2022, 5.5% CAGR (2023-2030)

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

Car Wash Service Market Growth & Trends

The global car wash service market size is anticipated to reach USD 49.06 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 6.0% from 2023 to 2030. Consumer preference for professional vehicle wash services over home washing is growing as the on-demand car wash trend continues. A key trend among customers with hectic lifestyles and busy schedules is the shift from ‘do-it-yourself’ to ‘do-it-for-me.

The concept of “all-new, all the time” appears to have driven the wash center’s popularity as automated car washing has become the norm for vehicle owners during the last few decades. In the automobile care industry, new technologies and equipment improved the wash process, gained market share, and raised client expectations.

In addition, the United States Census Bureau in 2020 estimated that more than 70% of automobile owners in America started using car wash facilities instead of washing their cars at home in the last decade (2011 -2020). Every day, nearly 8 million vehicles are washed in car washes, according to estimates.

Order your copy of the Free Sample of “Car Wash & Detailing Services Industry Data Book – Car Wash Services and Car Detailing Services Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Car Detailing Services Market Growth & Trends

The global car detailing services market is expected to reach USD 58.06 billion by 2030, registering a CAGR of 5.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the global market is driven by rising demand for luxury vehicles coupled with the growth of the automobile industry as the development of the car detailing industry is favorably correlated with the automobile industry. The number of potential clients grows, with the increase in the number of car purchases over the globe. Dealers of both new and used cars are essential to the aftercare of the automobile such as a car as they aid in attracting more customers by spreading awareness regarding car maintenance.

A comprehensive detail keeps a car in excellent condition better than running it through a car wash, which might be able to remove some dirt. Detailing, as opposed to a vehicle wash, keeps an automobile clean while also preserving the paint and interior so they are less susceptible to wear and the elements. A vehicle’s life is extended and its optimum resale value is maintained owing to detailing. Frequent professional detailing enables clients to enjoy their vehicles, increase their vehicles’ worth, and make long-term financial savings.

Go through the table of content of Car Wash & Detailing Services Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Insights

Service providers in the market are proactively undertaking significant initiatives to enhance customer service and satisfaction. Numerous small- and medium-sized car wash and detailing service operators are concentrating on launching new products, expanding service offerings, and engaging in mergers and acquisitions to effectively compete on a global scale.

• In June 2023, Zips Carwash announced the opening of its second carwash location in Baxter. From June 8 to June 11 at the location, it offered its premier vehicle wash service, the Get It All, for just USD 5 to commemorate the occasion. All weekend long, customers also took advantage of limitless wash club discounts, low-priced carwashes, and freebies.
• In May 2023, Tommy’s Express opened its 150th location in San Antonio, Texas. With sites throughout 30 states, Tommy’s Express provides speedy service-even during busy times-with a three-minute trip through the carwash tunnel, a selection of goods and services, and complimentary on-site floor mat washers and hoover stations.

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

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Insulation Industry | Forecast 2030

Insulation Industry Data Book – Board Insulation, Blanket Insulation, Pipe Insulation and Others (Foam) Insulation Market

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

Insulation Industry Data Book Coverage Snapshot

Markets Covered

• Insulation Industry USD 53.34 billion in 2022, 4.7% CAGR (2022-2030)
• Board Insulation Market Size USD 12.85 billion in 2022, 3.6% CAGR (2022-2030)
• Pipe Insulation Market Size USD 17.71 billion in 2022, 5.3% CAGR (2022-2030)
• Blanket Insulation Market Size USD 14.50 billion in 2022, 5.6% CAGR (2022-2030)
• Other Insulation Market Size USD 8.26 billion in 2022, 3.1% CAGR (2022-2030)

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

Pipe Insulation Market Growth & Trends

The global pipe insulation market size is expected to reach USD 13.57 billion by 2030, registering a CAGR of 5.5% from 2023 to 2030 according to a new report by Grand View Research, Inc. Increasing infrastructure spending in the emerging markets of Asia Pacific and Central and South America is expected to propel market growth.

The price structure of the product varies with respect to production processes and raw materials used. Fluctuating raw material prices result in variations in the prices of thermal insulating materials, thus affecting the suppliers who have integrated themselves across the value chain, thereby enabling them to gain superior control over product pricing.

The growing adoption of cogeneration or combined cooling, heat, and power (CCHP) technology for electricity generation is expected to drive the product demand. In addition, rising investments in R&D activities to optimize and lower the cost of insulation materials including polyurethane (PU) and polyisocyanurate are expected to benefit the market.

Order your copy of the Free Sample of “Insulation Industry Data Book – Board Insulation, Blanket Insulation, Pipe Insulation and Others (Foam) Insulation Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Board Insulation Market Growth & Trends

The board insulation market is growing at a significant rate owing to a rise in infrastructural and residential development as a result of the growing population across the globe. In addition, board insulation provides excellent thermal performance from ambient to high temperatures for mechanical, power, and process systems. Board insulation is widely used for industrial applications; owing to the low shrinkage it exhibits at high temperatures, to prevent the formation of gaps at joints to prevent thermal leaks.

China dominated the Asia Pacific board insulation market and accounted for a revenue share of 54.6% in 2022, followed by Japan and India. The rapid development of the industrial and construction sectors in China and Japan is likely to propel the market in Asia Pacific. The stringent laws and guidelines introduced by regulatory bodies at the regional as well as international levels regarding equipment & facility protection are likely to trigger overall growth prospects.

Go through the table of content of Insulation Industry Data Book to get a better understanding of the Coverage & Scope of the study

Blanket Insulation Market Growth & Trends

Removable and reusable insulation blankets are commonly used for industrial applications, such as boiler, metal, and masonry walls. These blankets are self-contained insulation systems, which lower the operation costs by reducing energy consumption, and shorten the downtime. Removable insulation blankets are used where installation of conventional insulation is difficult; hence reduce the labor costs associated with installation, thereby driving the market. Additionally, increased infrastructure spending in the emerging markets of Asia Pacific and Latin America is expected to propel the blanket insulation market’s growth.

Blanket insulation is designed to provide excellent handling characteristics, thermal performance, and dimensional stability in applications including heat exchangers, storage tanks, stack installations, cooling towers, air conditioning ductwork, and large-diameter piping, among others. Increasing construction spending to improve residential, public, and industrial infrastructure in the region, coupled with the increasing adoption of energy conservation initiatives, is expected to drive the demand for blanket insulation over the forecast period.

Other Insulation Market Growth & Trends

The other insulation market includes foam-based blocks, materials in the form of loose-fill, foil-faced craft paper. The market is expected to grow at a significant rate over the coming years due to rising construction and renovation activities across the globe. In addition, increasing demand from the cryogenic application industry for specialized and customized insulation requirements, growth in remodeling activities, and government initiatives for the construction of affordable housing solutions are expected to fuel the growth of the other insulation market in the coming years.

Building & construction and industrial application together accounted for the major market share of about 85% in 2022. Factors such as the rising population, rapid urbanization, commercialization, and growing investments in the construction of houses with smart technology saving energy are expected to boost the growth of the market in the country.

Competitive Insights

The global insulation industry is competitive, owing to the presence of a large number of major players in the market. Major players, such as Rockwool Technical Insulation, Paroc Group, and Knauf Gips KG hold the majority of the market share, due to their vast product portfolio and wider geographical reach. These companies develop a strong business model to adapt to market volatility and any technological & geographical change. The players prefer to maintain strategic relationships with their raw material suppliers in an attempt to maintain a steady supply.

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

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Ammunition Industry | Forecast 2030

Ammunition Industry Data Book – Small Caliber Ammunition, Medium Caliber Ammunition and Large Caliber Ammunition Market

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

Ammunition Industry Data Book Coverage Snapshot

Markets Covered

• Ammunition Industry USD 22.96 billion in 2022, 3.1% CAGR (2023-2030)
• Small Caliber Ammunition Market Size USD 11.93 billion in 2022, 3.7% CAGR (2023-2030)
• Large Caliber Ammunition Market Size USD 5.12 billion in 2022, 1.9% CAGR (2023-2030)
• Medium Caliber Ammunition Market Size USD 3.56 billion in 2022, 2.9% CAGR (2023-2030)
• Custom U.S. Small Caliber Ammunition Management Market Size USD 4.81 billion in 2022, 3.3% CAGR (2023-2030)

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

Small Caliber Ammunition Market Growth & Trends

The global small caliber ammunition market size is expected to reach USD 11.30 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of – 0.7% from 2022 to 2030. This growth can be attributed to rising defense expenditure by countries across the world. In addition, a rise in hunting and sporting activities is expected to aid the industry growth.

The components for small caliber ammunition include cartridge casing, propellant, bullet lead, bullet penetrator, primer, and primer. The raw material suppliers provide customer-specific customized solutions. Furthermore, factors influencing value addition in this stage include price, availability of materials, cost position, quality, delivery timelines, and product innovation.

The small caliber ammunition industry is witnessing a huge rise in stockpiling trends owing to the emergence of warlike situations across the globe, driven by rising geopolitical tension and terrorist activities in several economies. The stockpiling strategy primarily offers significant cost savings as it can be purchased in high volume at cheap prices. This is, in turn, providing growth opportunities to the industry players.

Order your copy of the Free Sample of “Ammunition Industry Data Book – Small Caliber Ammunition, Medium Caliber Ammunition and Large Caliber Ammunition Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Medium Caliber Ammunition Market Growth & Trends

In the recent past, the prospects of interstate conflicts have reached their peak after the end of the Cold War. Also, weak leadership in international diplomacy coupled with rising geopolitical tensions have contributed to the sustained risk of armed conflict in recent years. Moreover, the growing rate of polarization over economic, political, and social issues in mature economies coupled with division in western countries in the face of complex risks and threats, is further projected to deteriorate global security and lead to strategic uncertainty.

The Asia Pacific region has witnessed an unprecedented surge in the defense spending over the past decade. Rising geopolitical tension and border disputes between the regional powers have been the primary driving factor boosting the defense spending in the region. Additionally, the growing threat from terrorist activities and separatist insurgency has had a major influence on increasing defense spending in the region. This in turn is expected to positively influence the market for medium caliber ammunition over the forecast period.

Go through the table of content of Ammunition Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Insights

Key companies, such as General Dynamic Corporation, Northrop Grumman, and BAE Systems, generate majority of their revenues through military and government channels. Their primary customers include the U.S. Department of Defense and intelligence community. Moreover, they also deliver products to the U.S. government customers including the Department of Homeland Security.

These players also conduct business with government customers across the globe with primary subsidiary operations in Canada, Mexico, Brazil, France, Germany, Italy, Mexico, Spain, the UK, Switzerland, and Australia.

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About Grand View Research

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

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com/sector-reports-list

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Food Processing Equipment Industry | Forecast 2030

Food Processing Equipment Industry Data Book – Hot Food Processing Equipment, Bakery Processing Equipment and Meat Processing Equipment Market

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

Food Processing Equipment Industry Data Book Coverage Snapshot

Markets Covered

• Food Processing Equipment Industry USD 44,842.6 million in 2020
• Seafood Processing Equipment Market Size USD 1,957.5 million in 2017, 3.2% CAGR (2018-2025)
• Grain Processing Equipment Market Size USD 4,170.4 million in 2018, 5.0% CAGR (2019-2025)
• Dairy Processing Equipment Market Size USD 10,414.9 million in 2019, 6.0% CAGR (2020-2025)
• Hot Food Processing Equipment Market Size USD 20,824.8 million in 2021, 6.3% CAGR (2022-2030)
• Meat Processing Equipment Market Size USD 10,283.9 million in 2022, 4.9% CAGR (2023-2030)
• Pet Food Processing Equipment Market Size USD 4,622.1 million in 2019, 4.5% CAGR (2020-2027)
• Bakery Processing Equipment Market Size USD 12,920.9 million in 2020, 5.8% CAGR (2021-2028)
• Brewery Equipment Market Size USD 16,519.9 million in 2022, 5.9% CAGR (2023-2030)
• Food Sterilization Equipment Market Size USD 646.0 million in 2018, 6.1% CAGR (2019-2025)

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

Hot Food Processing Equipment Market Growth & Trends

The global hot food processing equipment market size is expected to reach USD 35.72 billion by 2030, registering a CAGR of 6.3% during the forecast period, according to a new report by Grand View Research, Inc. The market is primarily driven by increasing demand for bakery products, processed foods, and rising meat consumption coupled with innovation in food processing.

The increasing proportion of the younger population with higher spending capacity is expected to drive the demand for processed food. Rising preference for healthy meals and increasing adoption of a vegan diet among the younger population is projected to have a positive impact on the processed food market, thereby, benefiting the hot food processing equipment market growth.

The favorable growth of the food & beverage industry, particularly in the emerging economies, coupled with the growing consumption of packaged food & beverages in households is expected to drive the demand for hot food processing equipment. Furthermore, new product launches, expansion of the retail network, and population growth are the factors, expected to complement the market growth.

Order your copy of the Free Sample of “Food Processing Equipment Industry Data Book – Hot Food Processing Equipment, Bakery Processing Equipment and Meat Processing Equipment Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research

Meat Processing Equipment Market Growth & Trends

The global meat processing equipment market size is anticipated to reach USD 15.04 billion by 2030, expanding at a CAGR of 4.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing consumption of processed meat among consumers coupled with rising food safety concerns is expected to drive industry growth.

The global demand for meat processing equipment has increased as a result of the adoption of contemporary biotechnology for the meat processing chain. Additionally, the U.S. government’s new requirements for food manufacturers are anticipated to boost recalls of meat products that undoubtedly contain plastic, metals, and other foreign elements.

Owing to the growing population, rising disposable income, and increased demand for processed meat internationally, the market for meat processing equipment is expanding more quickly. In addition, it is anticipated that the growing demand for animal proteins and technical advancement will further boost the growth of the meat processing equipment industry.

Go through the table of content of Food Processing Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study

Bakery Processing Equipment Market Growth & Trends

The global bakery processing equipment market size is expected to reach USD 20.24 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.8% from 2021 to 2028. The incorporation of better-for-you ingredients in bakery products and the growing demand for gluten-free bakery items are expected to stimulate market growth over the forecast period.

The demand for cakes and pastries is expected to witness growth on account of the introduction of novel flavors. Furthermore, the increasing consumption of snacks is expected to have a positive impact on the demand for cakes and pastries. Bread and rolls are expected to witness significant growth on account of a substantial rise in the demand for these products in North America and Asia Pacific.

Competitive Insights

Major players in the food processing equipment market include GEA Group AG, BAADER Group,Bühler AG, Alfa Laval, Krones AG, Marel, JBT Corporation, The Middleby Corporation, Arenco AB, Baker Perkins Limited, etc. The industry participants focus on research & development activities to develop new technologies for energy-effective and sustainable food processing equipment. Along with R&D, key players also focuses on various strategies to expand the business and gain a competitive edge over their peers. Strategies adopted by the companies usually include joint ventures, partnerships, mergers & acquisitions, product innovation, distribution agreements, and geographic expansion.

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