Tuesday, 18 June 2019

Global Optical Coatings Market Trends, Analysis- Industry Size Report 2025

19-June-2019: The global optical coatings market size is expected to reach USD 25.64 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.0% during the forecast period. Growing solar industry and investments in aerospace and defense industry are the key market drivers.

Optical Coatings Market

Wide usage in scientific and medical devices for screen displays is anticipated to augment the demand over the forecast period. Medical equipment industry was valued at nearly USD 6.7 billion in 2016 and is expected to reach around USD 8.6 billion by 2020. Therefore, rising demand from solar, electronics, and medical sector is expected to drive the optical coatings market over the forecast period.

Rapid growth of consumer electronics sector in Canada, China, and India is expected to propel the demand for optical coatings over the forecast period. Owing to the presence of numerous large and small producers, Asia Pacific is one of the largest markets for consumer electronics. The fast track task force in India, which is a body of Ministry of Electronics and IT, has planned to achieve about 500 million mobile phone production by 2019 worth about USD 46 billion. Moreover, shifting consumer preference toward smart technologies and smart touch displays is expected to propel the growth over the forecast period.

Extensive R&D and development of material and fabrication technologies are expected to have a positive impact on the industry. Growing demand for optical coatings for genetic analysis, biomedical, micro-optical systems, and sensors is expected to further drive the market.

Rising prominence of optical systems in defense sector is also anticipated to be a key driver for the growth in the forthcoming years. Increasing military spending by countries, such as U.S., India, and China is expected to bolster the product demand. For instance, U.S. allocated military budget worth USD 824.6 billion from October 2017 to September 2018. Therefore, steady growth in the military spending is likely to positively influence the optical coating market.

 In depth research report on Optical Coatings Market

Further key findings from the report suggest:

·       In terms of revenue, anti-reflective coatings product is anticipated to witness a CAGR of 8.6% from 2017 to 2025

·       In terms of revenue, reflective coatings segment is projected to expand at a CAGR of 9.9% over the forecast period

·       Consumer electronics application led the global optical coatings market with a global market share of 31.5% in 2017

·       Europe is anticipated to reach 659.9 kilotons by 2025

·       In terms of revenue, Central and South America is projected to witness a CAGR of 8.6% over the forecast period. Rising construction activities owing to the recovery from economic recession are expected to propel construction industry in the region

·       Some of the key market players are Alluxa; Cascade Optical Corporation; Chroma Technology Corporation.; Inrad Optics; Optical Coatings Japan; PPG Industries, Inc.; VIAVI Solutions Inc. ; Schott AG; and Abrisa Technologies

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

Optical Coatings Product Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·       Anti-reflective

·       Reflective

·       Filter

·       Conductive

·       Electrochromic

·       Others

Optical Coatings Application Outlook (Volume, Tons; Revenue, USD Million, 2014 - 2025)

·       Consumer Electronics

·       Solar

·       Medical

·       Architecture

·       Aerospace & Defense

·       Automotive

·       Telecommunication

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Polymer Market for Waste Management Worth $5.07 Billion By 2025

19-June-2019: The global polymer market for waste management size is expected to reach USD 5.07 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to expand at a decent CAGR of 4.0% over the forecast period. Several characteristics of polymer resins, including good welding strength, chemical resistance, and excellent low-temperature performance, in waste management processes are expected to drive the industry. Polyvinyl Chloride (PVC) is one of the key raw materials used for manufacturing plastic-based flexible packaging materials.

Polymer Market for Waste Management

The demand of polyvinyl chloride is highly dependent on the construction industry, as about 60 to 70% of the global demand is for pipe, siding, fitting, fencing, windows, and other applications. Increasing product demand from other end-use industries may result in tight raw material supply, hampering market growth. Polypropylene and polyethylene are thermoplastic polymers used in a variety of applications. Growth in the manufacturing and construction industry has been driving the polypropylene market over the past few years; however, its overproduction has led to a decrease in prices.

Rapidly expanding construction sector in India and China, on account of the presence of favorable regulatory support to improve the infrastructure at a domestic level, is expected to boost the utilization of geomembranes. This, in turn, is likely to augment the demand for polymers for waste management in this sector. Asia Pacific is expected to witness a rise in construction spending over the forecast period on account of rapid urbanization coupled with burgeoning population. Thus, growing construction sector, particularly in China and India, as a result of increasing disposable income and rising government spending on large infrastructural projects will support the market development.

In depth research report on Polymer Market for Waste Management

Further key findings from the study suggest:

·       In terms of revenue, Ethylene Propylene Diene Monomer (EPDM) is projected to ascend at a CAGR of 5.8% over the forecast period

·       Low-density Polyethylene (LDPE) is projected to exhibit a significant growth during the forecast years

·       Asia Pacific led the global polymer market for waste management in 2017 and is projected to continue the trend over the next few years

·       Growing awareness about the usage of engineering polymers in the construction industry is likely to open new growth opportunities for the regional market

·       Some of the prominent companies in the global market are ExxonMobil Corporation, E. I. du Pont de Nemours and Company, BASF SE, LyondellBasell Industries N.V., and Formosa Plastics Corporation, U.S.A.

·       Most of these industry participants are undertaking various initiatives, such as investments for capacity expansion, to maintain the market position

Grand View Research has segmented the global polymer market for waste management on the basis of product and region:

Polymer for Waste Management Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       EVOH

·       HDPE

·       LDPE

·       EPDM

·       PVC

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Friday, 14 June 2019

Seasonings And Spices Market Size Worth $20.46 Billion By 2025

14-June-2019: The global seasonings and spices market size is expected to reach USD 20.46 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% during the forecast period. Changing taste preferences of consumers, along with rising disposable income, and presence of a large number of international as well as local players across the industry value chain are among the key trends escalating market growth.


Seasoning And Spices Market


The demand for herbs and spices is estimated to rise at a healthy growth rate, whereas the demand for salt & salt substitutes is anticipated to remain nominal on account of declining consumption globally. Increasing demand for authentic cuisines on a global level is one of the primary factors bolstering the usage of spices & herbs in sauces & dressings. Changing consumer preferences related to flavor in foods & snacks is projected to prompt manufacturers to manufacture products that are appealing, high-quality, and reliable, thereby maintaining consistent standards globally.

Implementation of modern cultivation to facilitate the growth of specific herbs in different regions is poised to magnify the production scenario over the forecast period. Increasing demand for Chinese herbs globally, on account of continuous penetration of Chinese medicine into pharmaceuticals and supplements, is likely to positively influence the growth of the market. On the other hand, the demand for herbal supplements is anticipated to seek moderate growth as consumers are placing their confidence and disposable incomes in nutritional & other health supplements to maintain health and reduce the cost of health care in the future.

Ready-to-use spice mixes are becoming increasingly popular among consumers as they save time and effort and provide consistency in taste in culinary preparation. The hectic lifestyles of consumers, growing demand for convenience in food preparation, and increasing disposable incomes are leading to increase in demand for ready-to-use spice mixes. Seasoning and spice companies are also starting new advertising campaigns to encourage consumers to try recipes at home.

Companies such as McCormick and Kerry have also started campaigns on social media such as Facebook, Pinterest, and Twitter to help establish their brands' identities. Increasing medicinal benefits and changing consumer taste and preferences will continue driving the market.

 In depth research report on Seasoning And Spices Market

Further key findings from the report suggest:

·       The global demand for herbs is expected to reach USD 6.75 billion by 2025, rising at a CAGR of 3.9% during the forecast period.

·       Among applications, soups, sauces & dressings were valued over USD 3.7 billion in 2017. They are likely to post a CAGR of 4.0% during the forecast period

·       Central & South America is projected to witness a CAGR of 3.3% during the same period owing to growing middle class population, which is poised to fuel the demand for improved quality of food

·       Countries in Asia Pacific such as India and China are anticipated to observe remarkable growth over the forecast years, progressing at a CAGR of 5.3%, owning to presence of various large scale raw material sources

·       The market is partially consolidated and competitive in nature, with presence of several global multinational players

·       Some of the key companies present in the market are Ajinomoto Co, Inc.; Associated British Foods Plc; Baria Pepper; McCormick & Company, Inc.; Everest Spices; MDH; and Kerry Group         

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

Seasoning and Spices Product Outlook (Revenue, USD Billion, 2014 - 2025)

·       Herbs

·       Rosemary

·       Fennel

·       Garlic

·       Mint

·       Parsley

·       Oregano

·       Others

·       Salt & Salt substitutes

·       Spices

·       Pepper

·       Ginger

·       Cinnamon

·       Cumin

·       Turmeric

·       Cardamom

·       Coriander

·       Cloves

·       Others

Seasoning and Spices Application Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - 2025)

·       Bakery & Confectionary Products

·       Meat & Poultry Products

·       Frozen Food

·       Soups, Sauces &Dressings

·       Beverages

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

What is the Purpose of Packaging Wax?

14-June-2019: The global packaging wax market size is expected to reach USD 2.84 billion by 2025, expanding at a CAGR of 3.1%, according to a new report by Grand View Research, Inc. Several characteristics, including non-toxicity, high gloss, outstanding chemical resistance, and good water repellency, are among the key factors driving the product demand. The food & beverages segment led the packaging wax industry accounting for over 58.0% of the overall revenue share in 2017. Some of the leading companies, such as Amcor Limited, Ball Corporation, Crown Holdings, and Mondi PLC, offer a wide range of packaging materials in the market.

Packaging Wax Market

Other prominent companies include Charlotte Packaging Ltd., EuroWaxPack, Nicholas Paper Company, and Mil-Spec Packaging of GA. Developments in the pharmaceutical industry are expected to augment the industry growth over the forecast period. Synthetic waxes find various applications in the pharmaceutical sector on account of their water repellent, anti-settling, and anti-blocking properties. The growth of pharmaceuticals and cosmetics and toiletries sector, most notably in the upcoming markets of Asia Pacific, is anticipated to have a positive impact on the market growth during the forecast period.

Packaging wax applications including furniture and cabinets and automotive are anticipated to offer substantial growth prospects in the coming years. Asia Pacific, North America, and Europe held a significant market share in 2017 and is likely to witness the fastest CAGR over the forecast period. Shale gas development, especially in North America, has resulted in huge ethylene capacity expansions. These developments have also lowered the prices of ethylene, which, in turn, has positively impacted the growth of polyethylene packaging wax industry.

In depth research report on Packaging Wax Market

Further key findings from the study suggest:

·       In terms of volume, the mineral packaging wax product segment is projected to reach 988.2 kilo tons by 2025

·       The synthetic packaging wax product segment is likely to register a CAGR of 3.3% in terms of revenue over the forecast period

·       Food & beverages were the most prominent application segment with a share of over 58.0% of the overall volume in 2017

·       The demand for packaging wax in Asia Pacific is likely to witness high growth in the coming years. China, India, and Japan are some of the major revenue-generating countries in APAC

·       Growing manufacturing sector across various regions along with high demand for packaging of fruits, vegetables, and pharmaceutical and floral products is likely to foster the industry growth

·       The market is extremely competitive with companies partaking in various initiatives including acquisitions, frequent mergers, strategic alliances, and capital expansion

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

Packaging Wax Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Mineral

·       Synthetic

·       Natural

Packaging Wax Packaging Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Flexible

·       Semi-Rigid

·       Rigid

Packaging Wax Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Food & Beverage

·       Pharmaceutical

·       Furniture

·       Personal Care

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Thursday, 13 June 2019

Micro-Perforated Food Packaging is Used to Maintain the Rate of Respiration of Food Products

14-June-2019: The global micro-perforated food packaging market size is projected to reach USD 1.96 billion by 2025 expanding at a CAGR of 5.7% during the forecast period, according to a new report by Grand View Research, Inc. Rapid growth of the retail sector is one of the key factors driving market growth.

Micro-perforated Food Packaging Market

Micro-perforated food packaging contains micro holes, which enable gas permeation to maintain the rate of respiration of food products. This packaging offers various advantages, including extended shelf life and moisture retention of food products. The immense growth of retail chains globally, attributable to shifting consumer preference toward convenience goods, is expected to drive demand for micro-perforated food packaging, globally.

North America was the largest market in 2017, due to increased import of fruits and vegetables and high demand for bakery and confectionery in the region. The North America micro-perforated food packaging industry is also driven by growing demand for lightweight packaging solutions for food products. This is complemented by recent consumer trends that have necessitated convenience in packaging products to facilitate their portability.

Asia Pacific’s grocery retail industry has been boosted by rising population and a dramatic increase in consumer spending. In addition, many large format retailers in this region have enjoyed considerable growth through expansions, despite facing increased rivalry from more developed countries. While countries such as India, Japan, and India have emerged as frontrunners in the food packaging industry in Asia Pacific, countries such as Singapore and Thailand have played a key role in consumption of packaging products, including micro-perforated food packaging materials.

In depth research report on Micro-perforated Food Packaging Market


Further key findings from the report suggest:

·       In terms of revenue, the global micro-perforated food packaging market is anticipated to reach USD 1.96 billion by 2025, at a CAGR of 5.7% from 2018 to 2025

·       By material type, polypropylene is expected to witness steady growth over the forecast period owing to increasing demand from food manufacturers

·       On the basis of application, fruits & vegetables dominated the market with a revenue-based share of 48.1% in 2017, owing to significant demand from retail stores

·       The competition is intense among key players owing to the fact that the products offered by manufacturers have low differentiation

·       Some of the key companies present in the market are Sealed Air, Mondi, BollorĂ© Group, Amcor Limited, Uflex Ltd, TCL Packaging, COVERIS, Amerplast, NOW Plastics, and Aera.

Grand View Research has segmented the global micro-perforated food packaging market on the basis of material, application, and region.

Micro-perforated Food Packaging Material Outlook (Revenue, USD Million, 2014 - 2025)

·       Polyethylene

·       Polypropylene

·       PET

·       Others

Micro-perforated Food Packaging Application Outlook (Revenue, USD Million, 2014 - 2025)

·       Fruits & vegetables

·       Bakery & confectionary

·       Ready-to-eat

·       Others

Browse more research reports of this category:

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/