Monday, 19 August 2019

Ammonium Sulfate Market Hit USD 3.79 billion by 2025: Grand View Research, Inc.

19-Aug-2019: The global ammonium sulfate market size is expected to reach USD 3.79 billion by 2025 expanding at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Rising usage of nitrogen-based fertilizers to increase the crop yield is expected to drive the market growth over the forecast period. Need for nutrients, such as nitrogen and sulfur, is also expected to drive the market in the years to come. Ammonium sulfate is widely used for food additive application. It is used as an inorganic salt in food industry. Ammonium sulfate has a slightly salty taste with no aroma and is commonly used due to its high solubility characteristics. Thus, high demand for food additives is also expected to benefit the market growth.


Ammonium Sulfate Market


Traditionally ammonium sulfate was produced by neutralization process; however, there are several methods of extracting ammonium sulfate, such as caprolactam, gypsum, coke oven, and others. The Asia Pacific region led the global market in the past and is anticipated to continue its dominance over the forecast period. China is expected to remain a major consumer in the regional market owing to the availability of product at low cost and advancements in agricultural techniques. Furthermore, growing food & beverages industry is boosting the demand for ammonium sulfate as a food additive, thereby driving the overall market.

 In depth research report on Ammonium Sulfate Market

Further key findings from the study suggest:

·       In terms of revenue, the solid ammonium sulfate product segment is expected to register the highest CAGR of 5.0% over the forecast period

·       Fertilizers application led the global ammonium sulfate market with a share of over 91.6% in 2018

·       North America has emerged as a promising region on account of stringent environmental regulations and increasing sulfur-deficient soils

·       Some of the key companies in the market are BASF SE; Domo Chemicals GmbH; Honeywell International, Inc.; and SABIC

·       These companies focus on R&D to develop new product applications in biochemistry and for producing ammonium salts

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

Ammonium Sulfate Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Liquid

·       Solid

Ammonium Sulfate Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Fertilizers

·       Industrial

·       food additives

·       Others

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About Grand View Research

Grand View Research, Inc. is the 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/

Cider Market Size is Expected to Reach USD 5.37 Billion by 2025: Grand View Research, Inc.

19-Aug-2019: The global cider market size is expected to reach USD 5.37 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 3.1% during the forecast period. Several factors including inclusion of fruits and vegans across several product categories particularly beverages are the key factors driving the growth.


Cider Market


Rising global consumption of apples in beverages coupled with an increasing preference towards fruit-based drinks have induced consumers with aspirational drinking in line with new cosmopolitan consumers. It is anticipated to spur the demand for cider over the next few years on account of rising acceptance of fruit cider, majorly driven by millennials on account of choosing premium products of spirits and alcohol. Premiumization is expected to be the key trend influencing the alcohol market particularly in Europe.

Growing demand for apple wine is witnessed in Europe, particularly in U.K., which is the largest cider market in Europe. The varietal health benefits associated with apple on account of large nutritional value is expected to boost the sales of apple wine in the market. U.S. also represents high growth potential owing to a decrease in the number of people consuming beer. The average cider consumption rate in U.S. is 59 liters per person. Moreover, the baby boomers and millennial consumers consume approximately one-third of cider annually.

The key market players strive for product innovation as consumers focus on the ingredient aspect of alcoholic drinks. Smaller players are entering the product category with niche products to benefit from the market scenario. For instance, in March 2019, Adnams Brewery, a U.K. based brewer and pub operator, launched new sparkling cider named Wild Wave including flavors of fresh apples, cut grass, and mango. In November 2018, Thatchers Cider expanded their product portfolio with the launch of Rose Cider which is produced with a combination of Pink Lady, Fuji, and Gala dessert apples. The company also invested USD 18.24 million in a new cider mill to expand its production capacity from 450 to 1000 tons per day.

Moreover, companies act on innovative ad campaigns and promotional activities. For instance, Thatchers Cider is projected to be the official cider of the ICC Men’s Cricket World Cup for 2019. The somerset cider producer avails the exclusive rights for pouring its Thatchers Gold and Thatchers Haze brand during the matches.

In depth research report on Cider Market

Further key findings from the report suggest:

·       In terms of revenue, still cider product is projected to ascend at a CAGR of 3.3% over the forecast years

·       Sparkling cider led the global market with an overall volume share of over 33.05% in 2018

·       Europe led with a market share of 37.76% in terms of revenue in 2018. This trend is projected to resume over the next few years

·       The market is anticipated to witness growth owing to the increasing consumption of apple cider in U.S., India, and China

·       Fruit flavored cider is anticipated to witness the fastest growth, due to higher penetration of fruit based flavored beverages

·       The cider market is highly competitive in nature. The main players include SABMiller Plc, Heineken N.V., Halewood Wines & Spirits, SABMiller Plc, Heineken N.V., Halewood Wines & Spirit

·       Various manufacturers are concentrating on new product launches, stressing on inclusion of fruit flavor and ingredients

Grand View Research has segmented the global cider market on the basis of product, source, and region:

Cider Product Outlook (Revenue, USD Million, 2015 - 2025)

·       Sparkling

·       Still

·       Apple wine

·       Others

Cider Source Outlook (Revenue, USD Million, 2015 - 2025)

·       Apple

·       Fruit Flavored

·       Perry

·       Other Vegan Sources

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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/

Sunday, 18 August 2019

Polypropylene (PP) Compounds Market Hit USD 28.24 billion by 2025, Grand View Research, Inc.

19-Aug-2019: The global polypropylene compounds market size is expected to reach USD 28.24 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 7.6% over the forecast period. Increasing requirement for flame retardancy, heat resistance, and improved serviceability of plastics in electrical and electronics industry is expected to be the primary driver for polypropylene (PP) compounds market growth. In addition, regulations in western markets, such as European Union (EU) and U.S., aimed at vehicular weight reduction can further fuel demand for PP compounds in automotive industry.

Polypropylene (PP) Compounds Market

Mineral filled PP compounds is expected to be a dominant product segment over the forecast period owing to superior properties, such as higher heat distortion and rigidity. The most widely used minerals in PP compounds include talc, glass beads, mica, silica, and calcium.

Low cost production in China has led to a surge in new polymer production which is driving the PP compounds market to oversupply. Furthermore, population expanse, rapid industrialization, and increase in consumer disposable income are some of the key socio-economic factors supporting regional market growth.

The global PP compounds market is the second largest polymer business in the world, which contributes more than 25% of the global polymer demand. Basic raw materials required for producing chemicals include feedstock, such as crude oil, natural gas, and other sources. Numerous market players have begun manufacturing raw materials on their own, to combat supply-demand imbalances and to meet the uncertainty of crude oil prices.

 In depth research report on Polypropylene (PP) Compounds Market

Further key findings from the report suggest:

·       Compounded TPV is projected to emerge as the fastest growing product segment and is expected to register a CAGR of 6.4% between 2018 and 2025

·       Mineral filled PP compounds segment is projected to continue to be the largest product segment over the forecast period

·       Asia Pacific accounted for 45.9% of overall PP compounds market in 2017 and is projected to experience significant growth over the next eight years owing to rapid expansion, especially in China, India, and South East Asia

·       Key players operating in the PP compounds market include LyondellBasell, ExxonMobil, PolyOne Corporation, Advanced Composites, Solvay SA, and Sumitomo Chemicals.

Grand View Research has segmented the global PP compounds market on the basis of product, end use, and region:

Polypropylene (PP) Compounds Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Mineral Filled PP Compounds

·       Compounded TPO

·       Compounded TPV

·       Glass Reinforced

·       Others

Polypropylene (PP) Compounds End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Automotive

·       Interior

·       Exterior

·       Under the Hood Components

·       Building & Construction

·       Electrical & Electronics

·       Textiles

·       Others

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About Grand View Research

Grand View Research, Inc. is the 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/

Why Plastics Have Found a Wide Scope of Usage in Medical and Healthcare Industry?

19-Aug-2019: The global medical plastic compounds market size is expected to reach USD 80.40 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 5.2% during the forecast period. Increasing aging population in economies such as China, India, Germany, and Austria is projected to remain a key driving factor.

Medical Plastic Compounds Market

Growing demand for healthcare facilities and services coupled with government initiatives and support towards healthcare is projected to have a positive impact on the market growth. Increasing aging population in countries, such as Germany, Belgium, Austria, Denmark, and Japan is anticipated to prompt growth of the medical plastic compound market. Increasing use of medical devices such as MRI, X-ray, robotic dispensing systems, and apheresis machines would further drive the demand over the forecast period.

Plastics have found a wide scope of usage in medical and healthcare industry owing to superior properties of the product, such as non-magnetism, impermeability, durability, and sustainability. Radiation resistance of this plastic would offer lucrative growth opportunities and new avenue for the manufacturers.

Surging demand for medical device plastics in applications, including surgical instruments, catheters, disposables, bags, implants, and drug delivery systems is anticipated to drive the demand. Rising R&D spending to produce bio-based plastics with superior properties, such as better quality and minimal health hazards is expected to further boost the medical plastic compound market over the forecast period.

Stringent regulations associated with manufacturing and disposal of waste is expected to offer lucrative growth opportunities to the key players. Manufacturers are coming up with various innovative ideas to improve durability and quality and to reduce the cost of devices.

 In depth research report on Medical Plastic Compounds Market

Further key findings from the report suggest:

·       Polyethylene was the second largest product segment, in terms of volume and accounted for over 18% market share in terms of revenue in 2017. Increasing usage of polyethylene for manufacturing surgical cables, artificial tendons, orthopedic sutures, and tubing is anticipated to compliment demand.

·       Asia Pacific is expected to remain the fastest growing regional market with projected CAGR of 5.8% in terms revenue from 2016 to 2025. Developing healthcare infrastructure and rising disposable income in countries, such as China, India, and Japan is projected to propel the growth

·       Drug delivery system is anticipated to register a CAGR of 5.4% in terms of revenue over the forecast period.Polymers are widely used in drug delivery system to enhance drug stability and to disguise the unpleasant taste of the drugs

·       Major companies operating in the medical plastic compound market include Baxter International, GW Plastics, Cyro Industries, Becton & Dickinson, Dow Chemical, Freudenberg Medical LLC, DuPont, ExxonMobil, Rochling Group, Medplast Inc., Nolato AB, Orthoplastics Ltd., and Saint Gobain Performance Plastics

·       Baxter International Inc., has announced to increase production of components for disposable devices in Mountain Home, Arkansas.

Grand View Research has segmented the global medical plastic compound market on the basis of product, application, and region:

Medical Plastic Compounds Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Polyvinyl Chloride

·       Polyethylene

·       Polypropylene

·       Polystyrene

·       Polyester

·       Polycarbonate

·       Polyurethane

·       Acrylics

·       Others

Medical Plastic Compounds Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

·       Disposables

·       Catheters

·       Surgical Instruments

·       Medical Bags

·       Implants

·       Drug Delivery System

·       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/

Tuesday, 6 August 2019

Soy Milk Market Hit USD 23.2 billion by 2025: Grand View Research, Inc.

6-Aug-2019: The global soy milk market size is expected to reach USD 23.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. The market is expected to witness significant growth owing to increasing awareness about the health benefits of soy foods and beverages. Availability of a variety of soy milk fortified with nutrients and flavors has helped the product gain popularity in children and adults alike.

Soy Milk Market

The beverages application segment held a major share of the overall revenue owing to growing consumption of soy milk as an alternative to cow milk for daily consumption or in preparation of tea and coffee. Moreover, new varieties of flavored soy milk is expected to drive the demand for beverages over the forecast period. However, the desserts segment is expected to grow significantly with a CAGR of 6.6%. Increasing consumption of non-dairy dessert food is expected to increase the consumption of the product in desserts.

The unflavored product segment accounted for a significant share in the market. It is used in the preparation of a variety of snacks and dishes. The original product has a peculiar nutty taste, which most consumers do not like. Hence, many flavors are introduced in the market to increase consumption of the product. Vanilla and chocolate are the popular flavors among others, which is expected to fuel the product demand.

Asia Pacific was the largest consumer of the product in 2018 due to large scale production of soy bean in major countries like China, India, Japan, and Hong Kong. China was the major consumer in the entire world in 2018. North America is anticipated to witness substantial growth in light of increasing awareness of soy benefits and consumption of non-dairy alternatives. In Europe, many German manufacturers are engaged in utilizing the health benefits of the product to make various dairy products like cheese and butter. This is expected to drive the market owing to product offerings based on soy milk.

In depth research report on Soy Milk Market

Further key findings from the study suggest:

·       In terms of revenue, the desserts application segment is projected to expand at a CAGR of 6.6% over the forecast period owing to rapid increase in the overall desserts and non-dairy dessert alternatives. Beverages dominated the market with an overall share of 42.2% in 2018

·       Asia Pacific dominated the market in 2018 and accounted for a share of 37.1%. This trend is projected to resume over the next few years owing to increasing population and awareness about the benefits of soy-based food and beverages

·       The market for dessert is expected to witness significant growth in various countries including U.S., U.K., Germany, India, and Japan owing to increasing consumption of non-dairy foods and beverages

·       The industry is highly competitive in nature due to presence of the main players including Eden Foods; Organic Valley; Pureharvest; WhiteWave Foods; SunOpta Inc.; and Vitasoy

·       Various manufacturers are concentrating on introducing new flavors of soy milk in the market to increase product offering.

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

Soy Milk Product Type Outlook (Revenue, USD Billion, 2015 - 2025)

·       Unflavored

·       Flavored

Soy Milk Application Outlook (Revenue, USD Billion, 2015 - 2025)

·       Desserts

·       Cheese & Snacks

·       Beverages

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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/