Latest Market Study Reports

Tuesday, April 27, 2021

High Performance Fibers Market Competitive Situation and Trends Report by 2025

The global high performance fibers market is projected to touch USD 25.4 billion, by the end of 2025, and is expected to grow at a CAGR of 11.0% over the forecast period, 2019 to 2025. Several benefits of fibers such as superior rigidity and high strength to weight ratio are anticipated to boost the product demand from automotive and aerospace sectors.

Furthermore, high performance fiber (HPF) offers aerodynamics and increased fuel efficiency for aircraft. This is encouraging manufacturers to use these fibers instead of regular metal alloys. In addition, usage of these products in aerospace applications improves the damage resistance & flexibility which, in turn, is projected to bolster market growth.

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Strict government regulations regarding CO2 emission is projected to positively impact market growth as regulations force manufacturers to focus on using lightweight material in aerospace applications. Moreover, these regulations are compelling OEMs towards alternative options for reducing gas emissions.

BASF and Dow are key raw material suppliers in the industry and they provide high-quality feedstock required for fibers production. However, price volatility in products used for feedstock may hamper the production of fibers. This factor may restrain the growth of the market.

Further key findings from the report suggest:

• Aramid fibers segment dominated the high performance fiber market in 2018. It is projected to account for USD 5.7 billion by the end of 2025.

• In 2018, the demand from aerospace & defense sector was USD 5.2 billion, due to the rising demand from aerospace manufacturing components.

• Asia Pacific is estimated to expand at the CAGR of over 11.3% during the forecast period.

• The demand from China market is estimated to account for USD 4.4 billion by the end of 2025.

• Key manufacturers engage in R&D activities to develop advanced fiber products that offer increased performance.

Impact of COVID-19

COVID-19 pandemic has negatively impacted the global high performance fibers market. Coronavirus has disrupted supply chain of automotive, aerospace and electronics industries. Lockdown restrictions have set the limit on trade or transfer of raw materials nationally, and internationally.

Several automotive, and aircraft manufacturing companies were shut down in the first and second quarter of 2020. This is projected to negatively impact on the growth of advanced fiber products like carbon fibers, aramid fibers, PBI, and glass fibers. However, resumption of various manufacturing facilities is expected to boost the market growth in the forecast period.

Global High Performance Fibers Market : Key Players

DowDupont Inc., Teijin Limited, Kermel S.A., Huvis Corp, DSM, Toyobo Co. ltd, and Toray Industries Inc.

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Hemophilia Market Share, Demand and Analysis of Key Players 2027

The global hemophilia market size is anticipated to value USD 18.1 billion until 2027. It is also expected to register a CAGR of 5.5% over the forecasted years, 2020 to 2027. Rising awareness about immediate diagnosis & treatment of diseases and favorable governing policies is projected to propel the market growth.

Hemophilia of type A is most commonly seen across the globe and is expected to be four times prevalent than type B. On the other hand, type B hemophilia is projected to witness the fastest growth over the forecasted period, 2020 to 2027 owing to the presence of powerful pipeline products.

In 2019, the on-demand treatment segment dominated the global market. The segment of prophylaxis is projected to witness the fastest growth in the upcoming years across the global market on account of its salient features like reduction in the productivity loss that can guarantee good life outcomes.

North America accounted for the highest share of around 44.4% across the global market in 2019 due to the rising inclination towards the prophylaxis medical treatment among the millennial population residing in this region. The Asia Pacific is expected to witness the fastest growth in the upcoming years owing to the surge in per capita usage of therapies for catering to factors VIII & IX deficiencies prevailing among citizens of countries like China, Japan, and India.

Acquisitions, mergers and regional expansions are generally undertaken by these players for widening their product portfolio and global reach.

Further key findings from the report suggest:

• In 2019, the on-demand treatment segment dominated the global market.

• The replacement therapy segment accounted for the fastest growth across the global market from 2020 to 2027.

• North America accounted for the highest share of around 44.4% across the global market in 2019.

COVID-19 Impact Insights

The hemophilia market has been positively impacted due to the ongoing COVID-19 pandemic. The need for the development of early diagnostic tools with the help of DNA bases is gaining traction for fighting against the novel virus. Further, as patients suffering from other diseases such as hemophilia are more prone to get adversely affected by the virus attacks, the need for the development of protective products and medicines is being foreseen by the key players. Moreover, governing bodies across several countries have increased their budget on the healthcare and pharma sector which is expected to trigger the market growth for hemophilia products over the post-pandemic period.

Global Hemophilia Products Market : Key Players

Octapharma AG, Pfizer Inc., CSL Behring, Novo Nordisk A/S., Bayer AG, Spark Therapeutics Inc., and Genzyme Corporation.

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Ceramic Sanitary Ware Market Specification forecast to 2025

The global ceramic sanitary ware market is projected to reach USD 80.2 billion by the end of 2025 and expected to grow with a CAGR of 10.4% over the forecast period. Rising consumer awareness regarding the personal hygiene and sanitation through the help of government supportive initiatives are expected to propel the market growth. For instance, in October 2014, government of India has launched the Swachh Bharat Abhiyan campaign. The campaign has helped government to increase the sanitation coverage from 41.92% in 2014 to 63.96% in 2018. Thus, projected to bolster the product demand in the forthcoming years. Furthermore, the growing adoption of ceramic sanitary ware in hotels, restaurants, Malls, and corporate offices are expected to bolster the market growth over the forecast period.

The growing demand of products among the consumers, due to its cost-effectiveness, high resistance properties against chemicals & scratches, and low maintenance cost are expected to aid the market growth in the upcoming years. Furthermore, with the rising competition in the market, companies are compelled to provide innovative designs, textures, and colors products. Moreover, it is also helping companies in differentiating the products, thus providing a competitive edge in the market. The toilet sinks & water closets segment has captured the largest market revenue share in 2018 and anticipated to dominate over the next few years. Further, rising investments by key manufacturers for product development and new product launches are expected to accelerate the market growth over the forecast period.

The urinals segment is projected to account for more than USD 15 billion by 2025. The rising number of commercial offices across the globe is projected to upsurge the product demand, during the forecast period, 2019 to 2025. Further, product innovation and integration of advanced technologies in urinal systems are projected to aid the segment growth in the forthcoming years. The wash basins segment is anticipated to see significant growth over the forecast period, 2019 to 2025.

The residential segment has captured the largest market revenue share, in 2018 and anticipated to dominate the market over the forecast period. The rising disposable income of middle-class consumers and the increasing number of home loan policies by banks in developing nations like Bangladesh, India, Indonesia, and China are projected to accelerate the market growth in the upcoming years.

The rising number of sanitary awareness programs by governments such as the Swachh Bharat Mission (SBM) is expected to increase product awareness and encourage peoples for construction of toilets in rural areas. This is expected to boost the demand for the product over the forecast period.

The market players are adopting various competitive strategies such as product innovation, collaborations, merger & acquisition, and partnership, in order to capture higher market share and gain a competitive edge in the market.

In January 2019, H & R Johnson has launched a wide range of sanitary ware products, which were promoted under the brand name of Johnson International. Moreover, the product is equipped with additional features like zirconium emulsified glazing for stain resistance and a 4D flushing system.

Further key findings from the report suggest:

• The toilet sinks and water closets segment has captured more than 40% market revenue share, in 2018.

• The wash basins segment is anticipated to see the fastest growth with a CAGR of 12.3%, during the forecast period, 2019 to 2025.

• The residential segment has captured more than 60% of market revenue share, in 2018.

• North American market has captured over 20% market revenue share in 2018, owing to rising demand for luxurious and premium quality sanitary wares.

• The Asia Pacific market is anticipated to expand with a CAGR of 12.3%, during the forecast period, owing to rising development in the real estate industry and rising disposable income of middle-class consumers in emerging countries such as China, India, and Indonesia.

COVID-19 Impact Insights

The ceramic sanitary ware market has been negatively impacted by the COVID-19 outbreak, owing to strictness imposed by the government on the import and export of products. The production of the product has affected severely, owing to shortage in the supply of raw materials and unavailability of labors. Furthermore, due to lockdown, various construction projects have been put on hold, as a result, reducing the demand for ceramic sanitary ware products. Moreover, consumers are reducing their spending on non-essential products, such as clothing, sanitary wares, beauty care, and various others. This is expected to hamper the market growth over the forecast period. However, as the lockdown eases and the economy will reopen, the ongoing & upcoming construction projects are projected to aid the market growth during the forecast period, 2019 to 2025.

Global Ceramic Sanitary Ware Market : Key Players

Duravit AG; Villeroy & Boch; RAK Ceramics; Toto Inc.; Hansgrohe; Grohe AG; Kohler; HSIL

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Car Care Products Market Growth Rate, Application, Sales And Trends Report by 2027

The global car care products market size is projected to account for USD 16.69 billion by 2027. It is projected to register 4.2% CAGR over the forecast years. The rise in the sales of automotive vehicles and increasing preferences among consumers for maintenance of vehicles are driving the growth of the market.

The market is highly competitive in nature owing to the presence of the major players such as Turtle and 3M. These companies consider several factors such as outbound logistics, operations, logistics and marketing & sales to achieve cost advantages. The growing dominance of existing players makes the entry of new players tough in the market.

Growing focus on the development of electric vehicles coupled with rising penetration of self-driven cars is supplementing to the growth of the car care product market. In addition, sales of luxury cars have increased in the recent past in North America, Asia Pacific and the Middle East. Luxury cars require premium servicing and regular maintenance, which in turn, bode well for the growth of the market.

Owing to the presence of several leading players and availability of the number of substitutes, the buyer power remains to be a major force. Companies are focusing on increasing their distribution channels through partnerships and acquisitions.

Further key findings from the report suggest:

• In 2019, car cleaning segment held the largest share in the market and projected to touch USD 5.61 billion by 2027.

• 251 to 500 ml segment of packaging volume is likely to be the fastest growing over the forecast duration.

• The growth of Asia Pacific is projected to be the maximum with 5.0% CAGR from 2020 to 2027.

• Major players are increasingly spending on research and development to introduce new products in the market.

COVID-19 Impact Analysis

The car care product market has been negatively affected owing to the outbreak of COVID-19. The pandemic has led to the closure of several car care shops across the globe, which resulted in a sudden drop in the growth. Further, car wash businesses were required to adhere to COVID-19 norms such as social distancing and other safety practices, which led to low demand. In addition, the pandemic also affected the Do-It-yourself (DIY) car services owing to the weak supply chain caused shortage of car care products. Nonetheless, with the resumption of various economic activities, the demand for car care products is gaining traction. China, in particular, is witnessing increased sales of automotive vehicles.

Global Car Care Products Market : Key Players

Tetrosyl, Turtle Wax Inc., 3M and Armor

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Monday, April 26, 2021

Waterjet Cutting Machines Market Forecast, Growth Impact and Demand by Regions till 2027

The global waterjet cutting machine market is anticipated to reach USD 1.4 billion by the end 2027. The market is anticipated to grow at a CAGR of 5.1% from 2020 to 2027. Rising adoption of WCMs for implementing eco-friendly cutting practices across the globe is anticipated to propel the market growth. Moreover, growing demand for automation and technological advancements to improve the operational efficiency across different sectors such as mining, aerospace and defense, textile, automotive, and electronics is anticipated to further drive the market growth over the forecast period.

Moreover, rising demand for WCMs to develop complex components such as jet engine and turbine is anticipated to drive the growth of WCMs market across the aerospace industry. Moreover, for developing complex for developing complex military and defense products like rotary blades, guided missiles, aircraft fuselages, space vehicles, and thick metal sheets, there has been rapid adoption of waterjet cutting machines which is further projected to propel the segment’s growth.

The segment of pure waterjet cutting machines is expected to attain a CAGR of 5.6% over the forecast period owing to its wide application in industries such as custom packaging, food, tobacco, and beverage to cut soft materials with high efficiency. Moreover, rising demand for cut out parts like wings, gears, brake types, and turbines across industries such as mining, aerospace & defense, food & beverage, textiles, and electronics is anticipated to boost the demand for abrasive waterjet cutting machines over the forecast period. Thus, the segment is projected to attain a significant growth from 2020 to 2027.

Pure waterjet cutting machines use cleanest technology to cut soft materials. However, abrasive waterjet cutting machines are used to cut high strength alloys and hard materials such as composite, stones, and metals with high pressure water stream and abrasive material such as garnet. Moreover, rising preference for this technology over other cutting technologies owing to its efficiency and capability of performing various other functions such as drilling, precision, and cutting sharp edges is anticipated to further drive the waterjet cutting machines market growth over the forecast period.

Further key findings from the report suggest:

• In 2019, the global market for waterjet cutting machine accounted for the revenue of USD 969.2 million and it is anticipated to grow at a CAGR of 5.1% from 2020 to 2027.

• The segment of abrasive waterjet cutting machine is anticipated to attain a significant growth over the forecast period owing to rising demand for producing accurate automotive components, aerospace parts, and electronic circuit boards.

• Asia Pacific held the largest market share across the global market and is projected to attain the fastest growth at a CAGR of 6.4% from 2020 to 2027

Global Waterjet Cutting Machines Market: Key Players

Dardi International Corporation; Colfax Corporation; Omax Corporation; Koike Aronson, Inc.; Flow International Corporation; Hornet Cutting Systems; WARDJet, Inc. (AXYZ Automation Group); and A Innovative International Ltd.

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VOC Gas Sensors Market Size and Investment Feasibility Analysis Report 2025

The global volatile organic compound gas sensor market size is projected to touch USD 186.7 million by the year 2025. It is anticipated to grow at a CAGR of 4% through the forecast period of 2019-2025. The presence of volatile organic compound (VOC) gases in the air has been subject to a lot of contemplation and is very crucial in developing leak detection devices. This factor is expected to propel the growth of the market.

A VOC gas sensor is an electrical device which is used to detect the presence of gases like methylene, benzene, propane, chloride, ethanol and acetone in a confined area and is mostly integrated in a safety system. These sensors are consolidated into leak detection devices which consume less power. Technological advancements like PID sensors and enhancements of MEMS sensors for detection of volatile organic compound emission are anticipated to propel the growth of the market.

VOC sensors are largely used in air monitoring devices to inspect emission levels due to their rare properties like portability, compact size and high sensing performance. Nevertheless, these sensors feature limitations like lack high operating temperatures and poor selectivity. Thus, to counteract these challenges, the companies are forthcoming with improvised MEMS sensors to subjugate the disadvantages.

The infrared-based VOC gas sensors is expected to grow at a significant rate owing to definite measurement of a large variety of VOC gases with several advantages like low cost, ease of operation and spontaneous results. Moreover, rising adaption of VOC gas sensors can be associated with high demand for safety in the gas and oil sector. This is expected to further propel the growth of the market.

Further key findings from the report suggest:

• Strict measures like the World Health Organization Air Quality Guidelines for Europe have stated the legitimate levels of formaldehyde, tetrachloroethylene and toluene gases that are released into the atmosphere due to industrial processes

• Single gas detection sensors are primarily used in automotive applications and are largely used for the detection of VOC gases like acetone, toluene, butadiene, methylene chloride, benzene, xylene, tetrachloroethylene and combustible gases

• PID sensors can detect concentrations of hydrocarbons and explosives below the Lower Explosive Limit (LEL). Thus, they are suitable for applications like controlling and monitoring of leak detection and decontamination in confined spaces and closed rooms

• The use of VOC sensors is rising at a significant rate for monitoring of pipelines, real-time tracking of reservoir environment, remote monitoring of plant equipment and monitoring benzene leaks

Global VOC Gas Sensors Market: Key Players

Siemens AG, Alphasense, Bosch Sensortec, SGX Sensortech, ABB Ltd., Aeroqual Limited., and City Technology Ltd.

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Gardening Pots Market Size, Capacity, Production and Revenue Analysis Report 2025

The global gardening pots market is estimated to reach USD 2.5 billion, by the end of 2025, and is projected to grow at a CAGR of 5.6% from 2019 to 2025. Increasing demand for parks and public gardens along with growing infrastructure in the cities is expected to increase the demand for the product in the next few years.

Rapid urbanization and increasing population have increased the product application in residential sector. Thus, municipalities, urban societies, and housing associations are also spending high amounts on developing parks. Parks include different types of trees and flower plantations which are creating lively vibes among the people, thereby, propelling the market growth.

Youngsters are highly involved in the gardening activities. For example, in 2018, over 64% population of U.K. took part in gardening activities. This trend depicts that despite of increasing urbanization, people are inclined towards developing a gardening area in kitchen and balconies of their homes. Growing interest of consumers for planting fruits, veggies, herbs, and flowers is expected to be a key factor propelling the demand for the product.

For instance, in 2019, Martin Keane and Andrew Flynn have introduced plants with self-watering ability. This helps in reducing carbon footprints and avoids wastage of water. These pots are produced from fully recycled polypropylene. Additionally, plastic regulations are positively impacting the growth of the product in the global gardening pots market.

Further key findings from the report suggest:

• In 2018, refractory gardening pots held the largest market share of around 40.0% in the overall market. Polymer segment is anticipated to grow at a CAGR of6.4% over the forecast period, 2019 – 2025.

• Based on the application, the commercial segment is estimated to account for USD 1.4 billion by the end of 2025.

• Residential segment is projected to exceed at a CAGR of 6.0% during the forecast period.

• Offline channel segment dominated the gardening pots market with share of over 80.0% in 2018.

Impact of COVID-19 Insights

The outbreak of COVID-19 has positively impacted the global gardening pots market. COVID-19 crisis has enforced people to stay at home and work from home. This has allowed people to with free time while they were stuck at home during the lockdown, thus many people have spent this time in gardening.

In Europe, the demand for flower pots has been increased during the COVID-19 lockdown period. The consumers are preferring to buy these pots through online platforms. Thus, the market is projected to grow at significant rate in the next few years.

Global Gardening Pots Market: Key Players

Biodegradable Pots, GREEN MALL, East JORDAN PLASTICS INC., Hosco India, Garden Need, Nursery Supplies Inc., Landmark Plastic Corporation, and THE HC COMPANIES.

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