Uncategorised – Page 34 – Market Industry Forecast News

Smartphone Screen Protector Market Size, Share & Trends Analysis Report 2022 – 2030

Smartphone Screen Protector Industry Overview

The global smartphone screen protector market size was valued at USD 47.05 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030. The world’s rapidly rising per capita income is fueling the demand for luxury, which includes gadgets like modern smartphones, hence driving the market for smartphone screen protectors. Due to the enforced lockdowns and imposed limits by separate regulatory bodies in the wake of the recent COVID-19 outbreak, numerous industries’ operations have either been temporarily halted or are operating with reduced personnel. This is no different in the market for smartphone screen protectors, and this aspect is expected to have a substantial negative impact on the industry’s revenue growth. Furthermore, the high costs associated with the installation and maintenance of these devices could limit the revenue growth of the market throughout the forecast period.

Users are increasingly cautious about their devices as a result of technological improvements in smartphone LED displays, IPS-LCD, Super AMOLED, and infinity displays, among others, since these smartphone displays account for a large portion of the entire cost. As a result, in recent years, the high cost of premium smartphones, along with the risk of screen damage, has boosted the sales of smartphone screen protectors.

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Mishandling, smudges, and scratches are common with the emergence of gaming phones that need multi-touch responses. As a result, the demand for smartphone screen protectors made of the strongest materials, such as tempered glass, has been steadily increasing. Furthermore, the market is likely to be driven by the rising demand for refurbished and second-hand smartphones due to lower costs.

The screen protector industry is benefiting from rapid changes and changing display technology, such as foldable displays in upcoming smartphones. For instance, Companies such as Samsung, Huawei, Xiaomi, and Royole are all working on folding phones. As a result, with the launch of next-generation slim models of tablets and smartphones, customers will need to apply a screen protector.

Browse through Grand View Research’s Clothing, Footwear & Accessories Industry Research Reports.

Football Shoes Market – The global football shoes market size was valued at USD 18.16 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. The market growth is attributed to the increasing availability of the football infrastructure, encouraging participation from the players at various levels, and spending on football shoes.

Tennis Equipment Market – The global tennis equipment market size was valued at USD 3.77 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.2% from 2022 to 2030. The increasing popularity of tennis and the growing preference for sports activities are some key factors expected to drive the global market over the forecast period.

Smartphone Screen Protector Market Segmentation

Grand View Research has segmented the global smartphone screen protector market on the basis of material, price range, and region:

Smartphone Screen Protector Material Outlook (Revenue, USD Million, 2017 – 2030)

Tempered Glass
Polyethylene Terephthalate
Thermoplastic Polyurethane

Smartphone Screen Protector Price Range Outlook (Revenue, USD Million, 2017 – 2030)

Below USD 175
USD 175 – 250
USD 250 – 450
USD 450 – 550
USD 550 – 700
Above USD 700

Smartphone Screen Protector Regional Outlook (Revenue, USD Million, 2017 – 2030)

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

Market Share Insights

March 2021: InvisibleShield released two screen protectors for the iPhone 12 family, both of which are made of an innovative material known as D3O. It’s a type of non-Newtonian fluid, according to the organization.
June 2020: meldCX, an enterprise software solution provider that streamlines the process of developing and deploying apps for single-purpose devices, has partnered with Kastus® to offer antimicrobial screen coverings for touch screen kiosks.

Key Companies profiled:

Some prominent players in the global smartphone screen protector market include:

IntelliARMOR
AZ Infolink Private Limited
Halloa Enterprise Co. Ltd.
ZAGG Inc.
Belkin International, Inc.
Corning Inc.
Ryan Technology Co. Ltd.
NuShield Inc.
Xtreme Guard
Free S.speed International Co., Ltd.
Clarivue
Jiizii Glass
Protek
FeYong Digital Technology Limited
Shenzhen Yoobao Technology Co. Ltd.

Order a free sample PDF of the Smartphone Screen Protector Market Intelligence Study, 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.

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Global Skin Care Products Market Analysis On The Basis Of Gender, Product, Distribution Channel, And Region

Skin Care Products Industry Overview

The global skin care products market size was valued at USD 130.50 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030. Escalating demand for face creams, sunscreens, and body lotions across the globe is expected to have a positive impact on the market growth over the forecast period. Moreover, the flourishing e-commerce sector is anticipated to boost market growth further.

The COVID-19 pandemic has had a devastating impact on the beauty and cosmetics industry. Store closures due to strict lockdown measures resulted in disastrous consequences, with sales decreasing by 60-70% from March to April 2020 globally. The companies responded positively to the crisis by addressing and increasing their production capacities by offering hand sanitizers and cleaning agents, as consumers spent less on beauty and grooming products.

Personalized products have been gaining traction among consumers in the U.S. With the growing consumer inclination toward natural beauty products, the concept of creams, serums, and moisturizers infused with natural ingredients is expected to witness significant demand over the forecast period. Such products are considered to be more effective and have few or no side effects, which, in turn, is expected to increase their application among consumers.

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Increasing investments in the research & development of products, coupled with the rising trend of natural ingredient-based skincare products, have encouraged manufacturers to launch new products. For instance, in June 2021, Hale Cosmeceuticals, a well-established product manufacturer in the U.S., launched two natural ingredient products – Natural AZA Cleanser and Date Palm Deep Moisturizer – for the U.S. market.

Face creams and moisturizers are gaining increasing popularity globally, as people are becoming more conscious of their physical appearance along with being more concerned about skin disorders and malignancies of the skin. Furthermore, with a rising number of consumers opting for cruelty-free products due to their increased consciousness regarding animal welfare and the environment, the demand for vegan or blends of plant-based ingredients in these products has increased.

The online distribution channel has significantly changed the shopping habits of people as it offers benefits such as doorstep delivery, easy payment methods, heavy discounts, and the availability of a wide range of products on a single platform. Key players in the market are increasingly launching e-commerce websites in large lucrative markets owing to the rising internet penetration and increasing propensity of mobile shopping among consumers.

Browse through Grand View Research’s Beauty & Personal Care Industry Research Reports.

Shea Butter Market – The global shea butter market size was valued at USD 2.07 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030. Increasing demand for cocoa butter substitutes and rising consumption of cocoa and bakery products are expected to drive the growth of the market over the forecast period.

Nail Care Products Market – The global nail care products market size was valued at USD 19.10 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. Nail care has become an integral part of personal grooming, with nail polish and nail art becoming particularly popular in the corporate and fashion industries.

Skin Care Products Market Segmentation

Grand View Research has segmented the global skin care products market on the basis of gender, product, distribution channel, and region:

Skin Care Products Gender Outlook (Revenue, USD Million, 2017 – 2030)

Male
Female

Skin Care Products Outlook (Revenue, USD Million, 2017 – 2030)

Face Creams & Moisturizers
Cleansers & Face Wash
Sunscreen
Body Creams & Moisturizers
Shaving Lotions & Creams
Others

Skin Care Products Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

Supermarkets & Hypermarkets
Convenience Stores
Pharmacy & Drugstore
Online
Others

Skin Care Products Regional Outlook (Revenue, USD Million, 2017 – 2030)

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

Market Share Insights

July 2021: Shiseido Co. Ltd. announced the launch of ULTIMUNE Power Infusing Concentrate III in Japan, which is a renewal of the iconic serum ULTIMUNE Power Infusing Concentrate N. The product will be available in approximately 380 stores nationwide and on its beauty website watashi+.

June 2021: P&G’s GoodSkin MD was launched on CVS Pharmacy’s offline and online stores. The brand will be offering six products: sunscreen, vitamin C and vitamin B serums, a night cream, a rescue cream, and a cleanser.

Key Companies profiled:

Some prominent players in the global skin care products market include:

L’Oréal S.A.
Beiersdorf AG
Shiseido Co., Ltd.
Procter & Gamble (P&G)
Unilever
Johnson & Johnson, Inc.
Avon Products, Inc.
Coty Inc.
Colgate-Palmolive Company
Revlon

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

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Grand View Research, Inc.

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Chilled & Deli Foods Market Is Expected To Expand At A CAGR Of 5.5% From 2022 To 2030

Chilled & Deli Foods Industry Overview

The global chilled & deli foods market size was valued at USD 217.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030. The popularity of delicatessen, specialty, and fine foods has grown enormously, as the consumer’s tastes have become more sophisticated and adventurous. Increasing demand for prepared superfoods, which are organic, locally sourced, additive-free, and fair-trade products have complemented the overall market growth. According to a report published by Kerry Group in 2020 May, 26.0% of the consumers claimed that prepared foods are the most important consideration when they shop for fresh foods and 66.0% of consumers buy prepared snacks, meals, and more from retail, every month.

The spread of the Coronavirus (COVID-19) pandemic has affected the industry. Majorly with global shut down of deli counters and supermarkets. During this panic situation, consumers started buying prepared offerings owing to their higher shelf life and convenient low-temperature storage options, which provided a boost in the retail section. However, there was a shift toward comfort eatables, and plenty of consumers were trying to get back on the healthy track after weeks of comfort eating, which prompted the demand for high-quality products including deli offerings. Thus, recent events are helping to shape the trends globally, as a result, driving the market growth.

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Consumers are still on the lookout for better-for-health products with clean label attributes such as ‘all-natural, 100% natural’ and ‘made with real’, ‘organic’, and more. In fact, these attributes have seemed to gain even more traction since the onset of the pandemic. Meanwhile, the rising pressure upon brands to expand their portfolio continues to shift the overall concept of frozen deli offerings toward more plant-based/vegan/organic ingredients. For instance, in February 2022 California-based startup Prime Roots launched a new line of vegan deli and charcuterie meats made from koji (a Japanese fungus). The new product line includes both classic deli meats such as cracked black pepper turkey, Smokey ham, and pepperoni, along with delicacies such as meatless foie gras and pâté.

Prepared meals and superfoods have been a behemoth for supermarket delis in recent years. Ready-to-serve meals, sides, salads, pre-sliced meats and cheeses, and ready-to-heat-and-serve sides offer both familiarity and time-saving for the consumers, which have propelled the market growth. According to the report of the International Dairy Deli Bakery Association (IDDBA) published for the year 2020, prepared meats witnessed significant sales increases during 2020 across the categories, including pre-sliced ham, beef, bologna, salami, and pepperoni. The increase in sales ranged from 23.0% to 95.0% for the year 2020.

Furthermore, as frozen food brands penetrate the market with new product launches, many of the established brands in the market are focusing on market strategies such as online advertising campaigns, re-branding, packaging, and more to get a hold of a new set of consumers. For instance, in April 2021 Land O’Frost, one of the U.S. best-selling brands of pre-sliced deli meats and a producer of specialty meats, announced a brand re-design and three new flavors for its Bistro Favorites meat brand after witnessing Bistro Favorites brand reaching 42.0% growth in consumer sales during 2020. The new brand design includes a uniquely crafted, hand-drawn Bistro Favorites logo, while ingredient and sandwich imagery provide inspiration and a reminder of the brand’s unique, handcrafted offerings. Such innovative marketing strategies are likely to provide artisanal and unique engagement with the shoppers.

Growth trends such as mergers & acquisitions in the food & retail industry especially by key players in the market likely to propel the market growth. For instance, in December 2021, Mama Mancini’s Holdings, Inc., a marketer of specialty pre-prepared, frozen and refrigerated products announced agreements for the acquisitions of T&L Creative Salads, Inc. and Olive Branch, LLC, which are related premier gourmet food manufacturers based in New York. Both the premium gourmet manufacturers sell their salads and prepared products to over 250 delis, bagel shops, smaller retail accounts, and distributors in the New York metropolitan area. Thus, the acquisition would help the company to generate more net income and expand its distribution network.

Browse through Grand View Research’s Consumer F&B Industry Research Reports.

Coffee Roaster Market – The global coffee roaster market was valued at USD 1.22 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. The rising demand and inclination of consumers towards the consumption of coffee across the globe is a primary factor driving the growth.

Freeze-dried Food Market – The global freeze-dried food market size was valued at USD 36.23 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.6% from 2022 to 2030. The rising demand for food products with a long shelf-life is a major growth driving factor.

Chilled & Deli Foods Market Segmentation

Grand View Research has segmented the global chilled & deli foods market based on the product, meal-type, distribution channel, and region.

Chilled & Deli Foods Product Outlook (Revenue, USD Billion; 2017 – 2030)

Meat & Meat Alternatives
Cheese
Bread & Bakery Products
Prepared Meals & Sides
Sauces, Dips & Hummus
Others

Chilled & Deli Foods Type Outlook (Revenue, USD Billion; 2017 – 2030)

Conventional
Organic

Chilled & Deli Foods Distribution Channel Outlook (Revenue, USD Million; 2017 – 2030)

Supermarkets & Hypermarkets
Convenience Stores
Online
Others

Chilled & Deli Foods Regional Outlook (Revenue, USD Million; 2017 – 2030)

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

Market Share Insights

March 2022: Verdino Green Foods U.K. expanded its product portfolio by adding three new products such as Mortadella with Pistachio (80g), Dry-Cured Salami (240g), and Bacon (80g) in its plant-based deli foods range.

July 2021: Sweet Earth Foods-plant-based innovator announced the launch of its new heat-and-eat breakfast bowls and ready-to-eat deli slices.

Key Companies profiled:

Some of the key players in the global chilled & deli foods market include:

General Mills, Inc.
PepsiCo
The Kraft Heinz Company
Nestlé
The Kellogg Company
Unilever
Calbee
Intersnack Group GmbH & Co. KG
Conagra Brands, Inc.
ITC Limited

Order a free sample PDF of the Chilled & Deli Foods Market Intelligence Study, published by Grand View Research.

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

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Pigment Dispersion Market: Asia Pacific Dominated And Accounted For Share Of The Global Revenue

Pigment Dispersion Industry Overview

The global pigment dispersion market size was valued at USD 23.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. The steady growth in the packaging industry, in terms of both food and non-food packaging and printing of labels, is expected to drive the demand for pigment dispersions during the forecast period.

Polyethylene terephthalate (PET), polypropylene (PP), and polystyrene (PS) are the most preferred polymers in the single-service food packaging segment. Factors such as the increasing use of plastic and paper & paperboard materials and the use of various colorants to make attractive packaging are expected to drive the overall pigments demand.

Organic pigments are an alternative to some of the toxic inorganic pigments. However, organic pigments are more expensive and some pigments that exhibit superior properties are limited. Manufacturers are investing in research & development activities to replace metals in the manufacture of red and yellow synthetic pigments in order to produce environment-friendly synthetic pigments.

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Titanium dioxide is the most widely used inorganic pigment on account of its non-toxic content, chemical stability, and versatile properties for use in plastic and paper & paperboard food packaging. Zinc oxide is a synthetically produced pigment and is considered to have a lesser toxic effect on humans. Currently, titanium dioxide, iron oxide, and zinc oxide account for the maximum share of the global pigment demand for plastic and paper & paperboard food packaging applications.

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Research Reports.

Bioresorbable Polymers Market – The global bioresorbable polymers market size was estimated at USD 1.14 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.7% during the forecast period. Technological advancements, innovations in plastics, and evolved decontamination devices are boosting the product demand, thereby augmenting the industry’s growth.

Automotive Refinish Coatings Market – The global automotive refinish coatings market size to be valued at USD 14.88 billion by 2024. The market is expected to witness significant growth in the forecast period on account of rising vehicle ownership in economies including China, India, Mexico, South Korea, and Brazil. Growing trend of aftermarket modifications and rising road collisions is anticipated to fuel the product demand.

Pigment Dispersion Market Segmentation

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

Pigment Dispersion Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 – 2030)

Inorganic
- Calcium Carbonate
- Titanium Dioxide
- Iron Oxide
- Carbon & Vegetable Black
- Ultramarine Blue
- Chrome Green
Organic

Pigment Dispersion Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 – 2030)

Plastics
- Packaging
  - Plastic Food Packaging
  - Other Non-Food Packaging
- Others
Inks
Coatings
- Paper & Paper Board Coatings
- Other Coatings
Others
- Rubber
  - Silicone
    - LSR
    - HTV
    - RTV
  - EPDM
  - Polyurethane
  - Others
- Epoxy
- Adhesives
- Sealants
- Phthalate-free PVC Masterbatch

Pigment Dispersion Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 – 2030)

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

Market Share Insights

March 2019: BASF SE partnered with Landa Labs to introduce its second stir-in pigment eXpand! Blue (EH 6001), sold under the Colors & Effects brand. eXpand! Blue (EH 6001) is used in automotive coatings and outdoor coating applications.
December 2018: Organic Dyes and Pigments acquired Premier Colors, Inc. to expand its business in Providence by catering to the customers of the latter. Premier Colors, Inc., located in South Carolina, U.S., is engaged in the supply of pigment dispersions and specialty chemicals to paper, textile, paints & coatings, and leather end-use industries.

Key Companies profiled:

The major companies operating in the global pigment dispersion market include

AArbor Colorants Corporation
American Element
Aralon Color GmbH
BASF SE
Clariant Ltd.
Decorative Color & Chemical, Inc.
Ferro Corporation
Flint Group
Heubach GmbH
Kama Pigments
Organic Dyes and Pigments
Reitech Corporation
Sun Chemical
Trust Chem Co., Ltd.
Sudarshan Chemical Industries Limited
Pidilite Industries Ltd.
Aum Farbenchem
DyStar Singapore Pte. Ltd.
Solvay
Altana
Achitex Minerva S.p.A.
Heidelberger Druckmaschinen AG
Avient
Habich
Synthesia, a.s.

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

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Global Composite Adhesive Market Analysis On The Basis Of Product, Application, And Region

Composite Adhesive Industry Overview

The global composite adhesive market size was valued at USD 3.35 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030. The penetration of lightweight composites in different industries like aerospace & defense, electric vehicles (EVs), sports, and others is expected to propel the demand for the product during the forecast period.

Owing to the surge in the demand for EVs, key automotive players are investing to set up new manufacturing plants across the world. For instance, in January 2022, an announcement regarding the construction of a new EV plant in Hubei Province, China by Dongfeng Honda Automobile Co Ltd was made. The production is anticipated to start in 2024 and its annual production capacity is expected to be 120,000 units.

The U.S. was the largest market for composite adhesives in North America in 2021 and this trend is anticipated to continue during the forecast period. Composites are extensively used in the production of automotive and aerospace components owing to their lightweight nature. The country is taking initiatives to boost domestic manufacturing, which is anticipated to augment the production of composites and demand for adhesives over the coming years.

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Although the country is witnessing a decline in automobile production, the rise in the production of EVs is expected to positively impact the demand for composite adhesives. For instance, in December 2021, Rivian Automotive Inc announced to build of a USD 5 billion plant in Georgia, the U.S. for manufacturing EVs. The plant is scheduled to open in 2024 and will manufacture 400,000 vehicles a year. Furthermore, growth in the U.S. construction industry is stimulating the demand for composite adhesives.

For instance, in October 2021, Scott Bader Company Ltd invested USD 16 million to set up a new production site in North Carolina. The new state-of-the-art facility will produce adhesives and gel coats for the construction industry. The U.S. has recovered from the economic contraction in 2020 caused by the COVID-19 pandemic. The economy expanded by 6.9% in Q4 2021, on a year-on-year basis. The growth was attributed to the goods and services produced in the U.S., which increased 5.7% year on year.

Browse through Grand View Research’s Advanced Interior Materials Industry Research Reports.

Chemo Graded Nitrile Powder-free Medical Examination Gloves Market – The global chemo graded nitrile powder-free medical examination gloves market size was valued at USD 274.7 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2023 to 2030. Chemo-graded nitrile powder-free medical examination gloves are in high demand due to the rising cancer prevalence driving chemo demand globally.

Machine Tools Market – The global machine tools market size was estimated at USD 87.94 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.7% over the forecast period. Technological advancements, such as multi-axis arms & robotics and the growth in the manufacturing industry have been contributing to the growth of industry.

Composite Adhesive Market Segmentation

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

Product Outlook (Revenue, USD Million; Volume, Kilotons, 2017 – 2030)

Acrylic
Epoxy
Polyurethane
Cyanoacrylate
Others

Application Outlook (Revenue, USD Million; Volume, Kilotons, 2017 – 2030)

Automotive & Transportation
Aerospace & Defense
Electrical & Electronics
Construction & Infrastructure
Others

Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2017 – 2030)

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

Market Share Insights

December 2021: Meridian Adhesives Group announced the acquisition of American Sealants Inc., a manufacturer of assembly adhesives and sealants.

April 2021: Tesa SE announced that they will invest EUR 32 million (~USD 36.38 million) to expand the production capacity of their plant in Suzhou, China.

Key Companies profiled:

Some of the prominent players in the composite adhesive market include:

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

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

About Grand View Research

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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Global LPG Tanker Market Analysis Based On Vessel Size, Refrigeration & Pressurization, And Region

LPG Tanker Industry Overview

The global LPG tanker market size was valued at USD 182.02 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. Strong growth in shale gas production is likely to propel the market growth over the coming years. Crude oil price volatility coupled with developments in hydraulic fracturing and horizontal drilling methods resulted in major companies shifting their attention towards the production of oil and gas from shale rock. Change in focus toward the production of shale gas is further projected to enhance market growth over the estimated period. The growing trade relationships between the U.S. and the APAC region for shale gas owing to the reduced cost of transportation is likely to outgrow the demand for liquified petroleum gas (LPG) tankers over the forecast period.

Instability in crude oil prices caused an increasing demand for liquefied petroleum gas from petrochemical industries, which is likely to fuel demand for liquefied petroleum gas tankers over the estimated period. However, volatile crude oil prices resulted in amplified prices of LPG resulting in weaker demand, which is projected to hinder market growth over the projected period. The abrupt onset of the COVID-19 pandemic caused a slight decrease in demand for liquefied petroleum gas in various sectors. Liquefied petroleum gas demand started to recover in 2021 and a rise in liquefied petroleum gas trade on the route of Unite States to Asian countries will engage vessels in the projection period. Also, new orders are likely to remain low in 2022 due to the impact of COVID-19 on the companies.

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However, several vessels are already on the order book and will complete their LPG transportation to mentioned locations. Companies operating in the country are renovating their existing fleets. They are continuously launching LPG carriers based on the latest technologies to sustain the challenging environment. For instance, in December 2021, NYK announced the development of its first two dual-fuel free VLGC tankers from Kawasaki Heavy Industries. They are expected to be delivered by 2024. These vessels will be equipped with separate cargo tanks designed to carry LPG and ammonia simultaneously to flexibly respond to various trade patterns.

Browse through Grand View Research’s Distribution & Utilities Industry Research Reports.

Hydraulic Cylinder Market – The global hydraulic cylinder market size was valued at USD 15.32 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2030. Increasing adoption of hydraulic cylinders in numerous industries such as material handling, construction and infrastructure, marine, and earthmoving is fueling the industry growth.

Industrial Batteries Market – The global industrial batteries market size to be valued at USD 27.4 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% during the forecast period. Rising demand for back-up power in the industrial sector coupled with demand for batteries in grid-level energy storage application is driving the market growth.

LPG Tanker Market Segmentation

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

LPG Tanker Vessel Size Outlook (Revenue, USD Million, 2019 – 2030)

Very Large Gas Carriers (VLGC)
Large Gas Carriers (LGC)
Medium Gas Carriers (MGC)
Small Gas Carriers (SGC)

LPG Tanker Refrigeration & Pressurization Outlook (Revenue, USD Million, 2019 – 2030)

Ethylene
Full Refrigeration
Semi Refrigeration
Full Pressurized

LPG Tanker Regional Outlook (Revenue, USD Million, 2019 – 2030)

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

Key Companies profiled:

Some of the prominent players operating in the global LPG tanker market are:

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

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

About Grand View Research

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

Gas Turbine Market: Saudi Arabia Is The Major End-Users In The MEA Region

Gas Turbine Industry Overview

The global gas turbine market size was valued at USD 22.17 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 6.2% from 2022 to 2030. A gas turbine is an engine, which heats a mixture of fuel and outside air at a very high temperature to generate mechanical energy through the spinning of the turbine blades. The mechanical energy further drives a generator, which produces electrical energy. Rapid technological advancements in the energy industry, combined with a shift in focus toward distributed power production technologies, are propelling the worldwide market forward. This market is predicted to expand rapidly during the forecast period, owing to increased government backing for power production technologies that minimize carbon dioxide (CO2) emissions around the world.

Gas turbines are primarily used for power generation. Operating a simple cycle turbine power plant for supplying electricity to the industry is much costlier than purchasing it from outside. Thus, mostly, combined cycle power plants are employed, which have better efficiency. CHP plant is an example of a combined cycle power plant, which can be employed for electricity production as well as for obtaining mechanical drive.

The paradigm shift from coal-based power generation to gas-based power generation in developed and developing countries such as the United States, Japan, China, and India, as well as supportive government policies for the construction of gas-based power plants, are the major factors driving the market’s growth.

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The U.S. market is anticipated to observe a protruding growth on account of growing government support for power generation technologies that aim to reduce carbon dioxide emissions. The major factors driving the shift from coal-based power generation to gas-based power generation are suitable economics & supporting policies for setting up gas-based power plants in the country. In addition, assured long-term fuel supply availability in the U.S. is also one of the factors supporting the market growth in the country.

Gas turbines play an important role in reducing greenhouse gas emissions. As compared to other combustion-based electricity generation applications, gas turbines are very proficient and also result in decreasing carbon emissions. The execution of numerous climate change initiatives along with regulations to cut down GHGs emissions are expected to lead to a surge in the potential for gas turbines during the forecast period.

Lockdowns in major cities and economies have caused most industries around the world to shut down, effectively halting production. As a result, demand for oil and gas has decreased over the world. Global natural gas consumption was reported to be 3,822.8 billion cubic meters in 2020, according to the bp statistical analysis of world energy 2021, a decrease of roughly 81.1 billion cubic meters from 2019. Furthermore, as a result of the global pandemic, electricity consumption from industrial and commercial end-users has decreased significantly. As a result, demand for gas turbines decreased during the pandemic.

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Gas Turbine Services Market – The global gas turbine services market size was valued at USD 26.0 billion in 2019 and is projected to register a CAGR of 9.8% over the forecast period. The rise in environmental concerns owing to the high amount of carbon emissions from coal-based power generation has resulted in the adoption of low carbon emission power generation technologies such as natural gas-powered turbines.

Digital Oilfield Market – The global digital oilfield market size was valued at USD 29.11 billion in 2018 and is anticipated to record a 4.7% CAGR from 2019 to 2025. Rising oil and gas exploration and production activities and growing focus on operational efficiency resulting in reduced OPEX will drive market demand.

Gas Turbine Market Segmentation

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

Gas Turbine Technology Outlook (Volume, MW; Revenue, USD Million, 2019 – 2030)

Open Cycle
Combined Cycle

Gas Turbine Capacity Outlook (Volume, MW; Revenue, USD Million, 2019 – 2030)

≤200 MW
>200 MW

Gas Turbine End-Use Outlook (Volume, MW; Revenue, USD Million, 2019 – 2030)

Power & Utility
Industrial

Gas Turbine Regional Outlook (Volume, MW; Revenue, USD Million, 2019 – 2030)

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

Market Share Insights

June 2020: the consortium between Ansaldo Energia and Shanghai Electric Group signed a contract with the Bangladesh Power Development Board company named North-West Power Generation Company Ltd.

Key Companies profiled:

Some of the prominent players in the gas turbine market include:

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

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Specialty Carbon Black Market Is Anticipated To Drive Growth During The Forecast Period

Specialty Carbon Black Industry Overview

The global specialty carbon black market size was valued at USD 2.29 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 10.0% in terms of revenue from 2022 to 2030. This is attributed to the increasing demand for the product as reinforcing agents, specifically in tires. Additionally, the growing use of the product in agriculture mulch film, refuse sacks, stretch wrap, and industrial bags are estimated to contribute to the market growth.

Specialty grades such as conductive, fiber, and food cater to end-use industries, such as battery electrodes, conductive polymers, PP masterbatches, paints & coatings, specialty packaging, consumer molded parts, printing inks, polyester fiber, and film & sheets. They have excellent conductivity characteristics, are UV-protective, contain metals, and are low in sulfur and ash. Additionally, specialty carbon blacks are used in a variety of coating applications, including automotive, wood, aerospace, industrial coatings, and marine, to offer UV protection, conductivity, and coloring.

Hoses, bushings, fascia, chassis bumpers, tires, conveyor wheels, grommets, gaskets, vehicles, containers, wiper blades, and others are the goods that utilize specialty carbon black as a reinforcing agent. One of the most important properties of specialty carbon black is its capacity to absorb UV light and convert it to heat, making plastics more UV resistant. Plastics ranging from highly conductive to insulation materials benefit from their antistatic and conductive qualities.

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Majorly, carbon black is in the form of black colloidal particles, which are produced via the acetylene black process, lamp black process, and furnace black process, among others. The raw material used for these processes differs between petroleum, coal oil, natural gas, and acetylene gas. Furthermore, the product dynamics are heavily dependent on applications, such as non-tire rubber, electrostatic discharge, packaging, paints & coatings, and printing inks consumption, along with regulations formulated for manufacturing technologies and raw materials used. It provides enhanced viscosity, conductivity, UV protection, and sharp color.

The carbon black manufacturing process emits a large amount of toxic GHG, which is not suitable for the environment and health. Companies are investing in R&D activities to develop their manufacturing processes, which will reduce gas emissions within the permissible limit and improves the quality of their product. Additionally, since carbon black is manufactured by partial combustion of fuels directly affecting the environment and human health, it has come under strict regulations from these agencies. Carbon black, in February 2003, was added to the California Office of Environmental Health Hazard Assessment (OEHHA) list of substances known to the State that cause cancer.

The pandemic of COVID-19 has hit every major sector. Major economies of the world had to impose lockdowns and restrictions to stop the spread of the virus. This adversely impacted all major economies. All industries and manufacturing units were closed, affecting the supply chain. Key countries, including India, Germany, China, and the U.K., witnessed an unfavorable effect on the demand for the product. However, the gradual opening up of various industries led to stable growth of the demand in the worldwide market.

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Research Reports.

Polyvinyl Alcohol Films Market – The global polyvinyl alcohol films market size was valued at USD 403.69 million in 2022and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. Increasing waste disposal problems, coupled with stringent environmental regulations, are driving the need for biodegradable raw materials in the packaging industry.

Automotive Plastics Market – he global automotive plastics market size was valued at USD 29.50 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. Globally, recovery in the automotive sector, improved vehicle design capabilities, and an increasing focus on vehicle weight reduction and emission control are the key factors boosting the growth of the market for automotive plastics.

Specialty Carbon Black Market Segmentation

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

Specialty Carbon Black Grade Outlook (Volume, Thousand Tons; Revenue, USD Million; 2018 – 2030)

Conductive Carbon Black
- Conductive Polymers
- Paints & Coatings
- Battery Electrodes
- Printing Inks
- Others
Fiber Carbon Black
- Polyester Fiber
- PP Masterbatches
- Nylon Textiles
- Other Synthetic Fibers
Food Contact Carbon Black
- Packaging
- Film & Sheet
- Consumer Molded Parts
- Others
Other Carbon Black

Specialty Carbon Black Regional Outlook (Volume, Thousand Tons; Revenue, USD Million, 2018 – 2030)

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

Market Share Insights

January 2019: OMSK Carbon Group installed advanced equipment in the Belarus facility, thus continuing their efforts to start the operations at the new carbon black manufacturing facility at the Belarus Mogilev plant.

Key Companies profiled:

Some prominent players in the global specialty carbon black market include:

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

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fuel transfer pumps market size is anticipated to reach USD 2.51 billion by 2030

Fuel Transfer Pumps Industry Overview

The global fuel transfer pumps market size was estimated at USD 1.71 billion in 2021 and is anticipated to grow at a compounded annual growth rate (CAGR) of 4.9% from 2022 to 2030. Rising urbanization, technological developments, fast-paced industrialization, and growth in infrastructure are the major factors contributing to the increased demand for fuel, is expected to have a positive impact on growth.

Strict lockdowns implemented by the governments across the globe, in light of the onset of the COVID-19 pandemic in 2020 adversely affected the industry growth due to the closure or limited functioning of industries such as transportation, construction, mining, chemical, agriculture among others. However, due to unending government initiatives, the COVID-19 pandemic had a limited short-term impact on few industries.

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Rising awareness regarding energy conservation and mitigating pollution, during COVID-19 pandemic is expected to prompt market participants to develop highly energy-efficient fuel transfer pumps. Factors such as increasing awareness regarding eco-friendly products, stringent regional, national, and international frameworks are expected to boost the demand for eco-friendly products which compels the fuel transfer pump manufacturers to opt for such practices which reduces burden on the environment.

Fuel transfer pumps help in the controlled transfer of fuel. Continuous developments in the manufacturing techniques of fuel transfer pumps have led to an increase in the applications of these pumps. Growing oil & gas consumption worldwide is expected to have a positive impact on the industry during the forecast period.

Emerging economies in the Asia Pacific, including China and India, are experiencing rapid urbanization and industrialization over the past few years, and the trend is expected to continue during the forecast period. The growth and evolution witnessed by leading industrial verticals, such as chemical, construction, and automotive, have subsequently boosted demand for this product.

Over the forecast period, rising sales of electric vehicles are expected to stifle the growth of the market. Because these cars run on electricity, they do not require any refilling. As a result, the market for fuel transfer pumps is likely to be restrained by the rising use of electric vehicles over the forecast period.

Browse through Grand View Research’s Drilling & Extraction Equipments Industry Research Reports.

Fuel Transfer Pumps Market – The global fuel transfer pumps market size was estimated at USD 1.71 billion in 2021 and is anticipated to grow at a compounded annual growth rate (CAGR) of 4.9% from 2022 to 2030. Rising urbanization, technological developments, fast-paced industrialization, and growth in infrastructure are the major factors contributing to the increased demand for fuel, is expected to have a positive impact on growth.

Piling Machine Market – The global piling machine market size was valued at USD 5.08 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2021 to 2028. Increasing urbanization in emerging countries, such as India, China, Brazil, and Mexico, is anticipated to augment the growth of the construction industry and fuel piling machine demand over the forecast period.

Fuel Transfer Pumps Market Segmentation

Grand View Research has segmented the global fuel transfer pumps market based on type, mounting, motor type, application, and region:

Type Outlook (Revenue, USD Million, 2017 – 2030)

AC Fuel Transfer Pump
DC Fuel Transfer Pump
Hand Fuel Transfer Pump

Mounting Outlook (Revenue, USD Million, 2017 – 2030)

Fixed
Portable

Motor Type Outlook (Revenue, USD Million, 2017 – 2030)

12V DC
24V DC
115V AC
230V AC
Others

Application Outlook (Revenue, USD Million, 2017 – 2030)

Transportation
Construction
Mining
Agriculture
Chemical
Food & Beverage
Military
Others

Regional Outlook (Revenue, USD Million, 2017 – 2030)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Companies profiled:

Some prominent players in the global fuel transfer pumps market include:

Great Plains Industries, Inc
Tuthill Transfer Systems (TTS
Graco Inc
Piusi S.p.A
INTRADIN
YUANHENG MACHINE CO., LTD
ARO (Ingersoll-Rand plc)
GESPASA – TOT COMERCIAL S.A
Creative Engineers (Malhar Pumps
MACH POWERPOINT PUMPS INDIA PVT. LTD.

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Grand View Research, Inc.

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Email: sales@grandviewresearch.com

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Immersion Cooling Market Growth Analysis By Manufacturers, Regions, Cost Structures, Growth Rate 2030

Immersion Cooling Industry Overview

The global immersion cooling market size was estimated at USD 165.8 million in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 22.6% from 2022 to 2030. The increasing demand for cost-efficient and energy-efficient cooling solutions from data centers is expected to drive growth. Strict lockdowns enforced by global governments in the wake of the COVID-19 pandemic in 2020 hampered industry expansion. The lockdowns also impacted data centers, wherein data center consolidation was put on hold. Moving servers, closing buildings, and constructing a new location were all more difficult in the COVID-19 universe. Data centers showed growth in demand, owing mostly to the global workforce working from home and an increase in e-commerce.

The immersion cooling market in the U.S. is undergoing a shift owing to the COVID-19 pandemic as players in this space undertook capacity expansion to meet the increasing demand for the product from data centers. The COVID-19 crisis spurred the spread of e-commerce to new enterprises, customers, and product categories. Furthermore, the rising need for IoT capabilities and cloud computing infrastructure in the U.S. is likely to fuel demand for data centers, particularly hyper-scale data centers.

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The market exhibits the presence of several global as well as regional players. Several proprietary immersion cooling solutions are available in the industry and various manufacturers retrofit off-the-shelf Information Technology Equipment (ITE) to make it compatible with their technology. In addition, manufacturers offer customized solutions to their clients as per requirements.

The increasing demand for IoT functionality and cloud computing infrastructure is expected to drive the demand for data centers, especially hyper-scale data centers. Hyperscale data centers enable digital platforms to store and transfer data efficiently. As compared to modern data centers, hyper-scale facilities have high-volume traffic as well as the capability to handle heavy computing workloads.

Although systems are very efficient in removing heat from IT equipment, the capital costs associated with additional components and hardware modification are high, which can act as a challenge to the overall industry growth. In addition, servicing of systems is expected to present new challenges for Managed Service Providers (MSPs) and data center service partners.

Browse through Grand View Research’s Advanced Interior Materials Industry Research Reports.

Metalworking Equipment Market – Metalworking equipment is a group of machines that are used in metalworking processes such as cutting, drilling, grinding, sheet forming, etc. These metalworking activities are extensively used for the production of industrial machines and tools which are significantly important in various industries including automotive, construction, and mining, among others.

Equipment As A Service Market – The global equipment as a service was valued at USD 1,091.2 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 49.9% from 2023 to 2030. The relatively new concept of “Equipment as a Service” is comparable to the already well-known “Software as a Service” or “Machine as a Service” business model.

Immersion Cooling Market Segmentation

Grand View Research has segmented the global immersion cooling market based on product, application, cooling liquid, and region:

Immersion Cooling Product Outlook (Revenue, USD Million, 2017 – 2030)

Single-phase
Two-phase

Immersion Cooling Application Outlook (Revenue, USD Million, 2017 – 2030)

High-performance Computing
Edge Computing
Cryptocurrency Mining
Artificial Intelligence
Others

Immersion Cooling Liquid Outlook (Revenue, USD Million, 2017 – 2030)

Mineral Oil
Fluorocarbon-based Fluids
Deionized Water
Others

Immersion Cooling Regional Outlook (Revenue, USD Million, 2017 – 2030)

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Companies profiled:

Some prominent players in the global immersion cooling market include:

Fujitsu Limited
Dug Technology
Green Revolution Cooling Inc.
Submer
Liquid Stack
Midas Green Technologies
Asperitas
DCX- The Liquid Cooling Company
LiquidCool Solutions
ExaScaler Inc.

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Grand View Research, Inc.

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Email: sales@grandviewresearch.com

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