A Market Place Research – Page 1461

Vietnam Sanitary Ware & Bathroom Accessories Market (Industry) Increasing Demand, Emerging Trends, Growth Opportunities and Future Scope

According to a new report published by Allied Market Research, titled, “Vietnam Sanitary Ware & Bathroom Accessories Market by Product Type and Material: Opportunity Analysis and Industry Forecast, 2018-2025,” the Vietnam sanitary ware & bathroom accessories market size was $443.4 million in 2018, and is projected to reach $685.2 million by 2025, registering a CAGR of 6.4% from 2018 to 2025. In 2017, the toilet/water closet segment accounted for about one-third of the market share in terms of value.

Sanitary ware are products installed in bathrooms and kitchens such as toilet/water closets, toilet sinks, cisterns, washbasins, showers, faucets, and other bathroom accessories. Sanitary ware items are generally made up of ceramics. However, sanitary wares are also manufactured using metals, glass, or plastics. The ceramic sanitary wares are cost effective, have excellent resistance to chemical attacks, and can withstand heavy loads as well.

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According to the Asian Development Bank, Asia-Pacific is estimated to invest $8–$9 trillion in infrastructure development between 2010 and 2020 to maintain its economy. The numerous ambitious programs launched by the government, are expected to provide significant impetus to the demand for sanitary wares.

Backed by economic growth, increase in demand for concept bathroom, rise in disposable income, and expansion in residential sector, the sanitary ware & bathroom accessories market in Vietnam has experienced a robust growth in past few years. New trends of concept bathroom and eco-friendly sanitary ware and customization fuel the market growth. Furthermore, new water saving technologies and sustainable material for sanitary ware further propel the market growth. Furthermore, rise in construction activities, increase in disposable income of consumers, surge in urbanization, growth in shift from unbranded products to branded products, and strong replacement demand boost the Vietnam sanitary ware & bathroom accessories market growth. Moreover concept bathrooms is poised to gain wide traction in the coming years; consequently, the importance of in-store experience has increased in many folds. Engaged stakeholders in the Vietnam sanitary ware & bathroom accessories industry have established experience-centers where a customer can view all bathroom accessories and sanitary ware at a single place.

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The Vietnam sanitary ware & bathroom accessories market analysis is based on product type and material. Based on product type, the market is divided into wash basins, toilet sinks, pedestals, cisterns, showers, faucets, and other bathroom accessories. Based on material, it is classified into ceramics, pressed metals, acrylic plastic & Perspex, and others. Based on distribution channel, it is analyzed across retail distribution and wholesale distribution. Based on location, it is bifurcated into commercial and residential.

Key Findings of The Vietnam Sanitary Ware & Bathroom Accessories Market:

The toilet/water closets dominated the Vietnam sanitary ware & bathroom accessories market share in 2018 and is expected to remain its dominance throughout forecast period
Ceramic sanitary ware is projected to be the most lucrative segment in the Vietnam sanitary ware & bathroom accessories market and is projected to grow with a CAGR of 5.4% during the forecast.
Manufacturers are significantly adopting the concept of a smart bathroom which involves usage of proximity sensors to regulate flow of water owing to the increase in concern for hygiene standards and energy conservation,
Technological developments and introduction of new innovations such as aerial showers, smart showers, cascade flow in the showers are emerging sanitary ware & bathroom accessories market trends in the region.
In terms of volume faucets accounts for about 29% of the Vietnam sanitary ware & bathroom accessories market.

The key players profiled in the Vietnam sanitary ware & bathroom accessories market include CAESAR Bathroom, Gessi SpA, Innoci Vietnam, Jaquar Group, LIXIL Group, Roca Sanitario, S.A., TOTO Ltd., Viglacera Corporation, Italisa (Vietnam) Co. Ltd., and Thien Thanh Sanitaryware Joint Stock Company (Thien Thanh).

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Breakfast Food Market One the most booming industry in upcoming years due to global demand in COVID-19 outbreak

Breakfast Food Market by Nature (Conventional and Organic), Product Type (Breakfast Cereals, Bakery Products, Dairy Products, and Others), Sales Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global breakfast food industry generated $398.1 billion in 2020, and is expected to reach $729.5 billion by 2030, witnessing a CAGR of 6.3% from 2021 to 2030.

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Drivers, restraints, and opportunities

Surge in number of health-conscious consumers across the globe and rise in demand for convenience food drive the growth of the global breakfast food market. However, presence of counterfeit products hinders the market growth. On the other hand, product innovation, demand for organic products, and advent of online retail platforms create opportunities in the coming years.

Covid-19 Scenario

The demand for breakfast food such as cereals and dairy products increased as people needed to stay healthy and boost their immunity during the pandemic.
There were hindrances in distribution as supermarkets, hypermarkets, and specialty stores were closed due to lockdown measures implemented by governments to curb the spread of coronavirus. However, the distribution activities increased post-lockdown.
Manufacturing facilities faced certain challenges such as lack of workforce, supply chain disruptions, and shortage of raw materials. These facilities began operating with full capacity post-lockdown.
The bakery products segment to maintain its lead position during the forecast period

Based on product type, the bakery products segment contributed to the highest share in 2020, accounting for nearly one-third of the global breakfast food market, and is expected to maintain its lead position during the forecast period. This is due to increase in demand for bakery items such as bread with busy lifestyle, preference for fresh & ready-to-eat breakfast food, and surge in consumption of bakery products, especially the packaged variety. However, the breakfast cereals segment is expected to manifest the highest CAGR of 7.2% from 2021 to 2030, owing to rise in consumer awareness regarding health benefits associated with the consumption of cereals and increase in preference for healthy meals.

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The supermarket/hypermarket segment to maintain its leadership status during the forecast period

Based on distribution channel, the supermarket/hypermarket segment accounted for the highest share in 2020, contributing to nearly two-fifths of the global breakfast food market, and is expected to maintain its leadership status during the forecast period. This is due to availability of a broad range of consumer goods under a single roof, ample parking space, and convenient operation timings. However, the online channels segment is estimated to register the fastest CAGR of 8.4% from 2021 to 2030. This is attributed to ease in availability of food products including breakfast food and benefits provided by online portals such as information about functional attributes of products and directions to use. Moreover, other benefits such as time-saving and home delivery facilities supplement the growth.

North America to continue its dominance in terms of revenue by 2030

Based on region, North America held the highest market share in 2020, accounting for more than one-third of the global breakfast food market, and is projected to continue its dominance in terms of revenue by 2030. This is attributed to inclination toward convenience breakfast food including nutrition bar, packaged soup, and others with hectic lifestyle and preference for organic breakfast food including organic oats, organic bread, and others. However, Asia-Pacific is expected to witness the largest CAGR of 8.8% from 2021 to 2030. This is due to rapid expansion of the food & beverages sector in the region with presence of high-potential markets such as India and China and increase in urbanization.

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Leading market players

PepsiCo, Inc.
General Mills
The Kraft Heinz Company
Nestle
The Hain Celestial Group
The Happy Egg Co.
Hormel Foods
Kellogg Co.
Trillium Farm Holdings, LLC
Unilever

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Night Creams Market: Explore Top Factors That Will Boost the Global Market in Future

According to a new report published by Allied Market Research titled, “Night creams market by Product Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” The global night creams market size was valued at $7.1 billion in 2018, and is projected to reach $11.4 billion by 2026, registering a CAGR of 6.4% from 2019 to 2026. The global moisturizing cream segment was valued at $4.1 billion in 2018 and is anticipated to reach $5.9 billion by 2026, with a CAGR of 5.4% during the forecast period.

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Night cream products enhance skin revitalization through its rich moisturizing effects. Most of the night creams help in preventing epidermal moisture loss and also provide ample lubrication. Night creams with Melatonin (strong antioxidant molecule) improve the penetration of the Mel molecules through the skin layers, thereby, preventing skin ageing. Creams comprise of Melatonin have been developed (Nutriage day cream and Nutriage night cream) and commercialized in the night creams market. These products are gaining popularity among working population of age between 25-40 years. The outstanding benefits coupled with skin friendly ingredients have boosted the adoption among the consumer base. Women with skin aging issues have significantly received skin tonicity and skin hydration and also witnessed reduction in skin roughness with the help of night cream products.

Night cream cosmetic products have gained popularity owing to its antioxidants and anti-wrinkle content, which helps in reducing the pace of skin aging. Nigh cream products are also sought for its skin whitening and moisturizing attributes among millennial and generation Z. Skin whitening night cream contains common ingredients such as AHA, BHA*, Retinol, Vitamin A, and others. These ingredients enhance the skin brightness when used along with other skin care regime such as SPF 30. The presence of such multifunctional night cream products in the market and ever increase in demand for multifunctional cosmetic products have propelled the revenue growth of the overall night creams market. The companies with wide spread product portfolio of night creams are targeting specific group of consumers through their innovative marketing strategies. These companies are conducting sessions or programs to increase awareness among the targeted group of consumers.

The night creams market is segmented on the basis of product type, distribution channel, and region. By product type, it is categorized into moisturizing cream, anti-aging cream and skin whitening cream. The global Anti-aging Cream segment was valued at $2.2 billion in 2018 and is anticipated to reach $2.3 billion by 2026, with a CAGR of 7.5% during the forecast period. By distribution channel, it is categorized into Retail Pharmacies, Convenience stores, Supermarket/Hypermarket and E-commerce. The e-commerce night creams market was valued at $1.4 billion in 2018, and is projected to reach $2.7 billion by 2026, growing at a CAGR of 8.6% from 2019 to 2026.

Region-wise, night creams market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). North America and Europe collectively accounted for around 65.4% share in 2018, with the former constituting around 35.2% night creams market share. The establishment of beauty retailers such as Sephora and Ulta, have drastically influenced the trend of cosmetics, especially among millennials. They have gained traction with shoppers by offering in-store experience which boost the night creams market growth in the region. According to the Mexican Chamber of Cosmetic Products (CANIPEC), the entrance of prestigious skincare brands into the Mexican market led to a notable market growth percent with direct selling as their largest distribution channel for beauty products.

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The key players operating in the global night creams industry include Shiseido Co. Ltd., Solstice Holding, Estee Lauder Companies, Clinique Laboratories, L’Oreal S.A., Procter & Gamble, Unilever PLC, VLCC Health Care, Himalaya Global Holdings, Beiersdorf AG and Guerlain. Other key vendors analyze in the study are Elizabeth Arden, Clarins and Nivea, Lancome, Avon, Revlon, among others.

Key Findings of the Study

• The Skin whitening creams segment is expected to grow at a CAGR of 7.8% during the forecast period.
• North America is anticipated to dominate the Night creams market growth, registering a CAGR of 5.8% during the forecast period.
• Asia-Pacific is projected to exhibit exponential growth throughout 2026, registering the highest of CAGR 6.7% during the forecast period.
• The Convenience stores distribution segment is anticipated to dominate the global Night creams market analysis, with a CAGR of 8.1% during the forecast period.
• The E-commerce segment is estimated to grow at a CAGR of 8.6% during the forecast period.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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North America Liquid Packaging Market is Expecting to Touch a Valuation of USD 137.1 billion and CAGR of 5.4% from 2020 to 2027

According to the report published by Allied Market Research, the North America liquid packaging market generated $93.1 billion in 2019, and is estimated to reach $137.1 billion by 2027, registering a CAGR of 5.4% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

Surge in demand for FMCG goods, and growing demand for sustainable as well as lighweight packaging drive the growth of the North America liquid packaging market. However, increase in concern regarding disposability and recyclability of plastic packaging products restrains the market growth. Furthermore, development of nano-food packaging is expected to provide new growth opportunities for the market player in near future.

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Covid-19 scenario:

The demand for liquid packaging has been surged during the Covid-19 pandemic due to increase in its usage for packaging of FMCG products such as sanitizer, hand washes, and liquid detergents.
In addition, its demand from pharmaceutical industry has also been surged during the Covid-19 pandemic for packaging of dietary supplements, such as vitamins, and other essential supplies, such as allergy medication.

The report offers a detailed segmentation of the North America liquid packaging market based on resin, packaging type, technology, end-user, and country.

Based on resin, the polyethylene segment contributed to the largest share in 2019, accounting for nearly one-third of the total share, and is estimated to maintain its dominant position during the forecast period. In addition, the segment is estimated to portray the highest CAGR of 6.6% during the forecast period.

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Based on packaging type, the rigid segment accounted for the largest share in 2019, holding more than three-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the flexible segment is expected to register the highest CAGR of 7.6% from 2020 to 2027.

Based on country, U.S. contributed the highest share, accounting for more than three-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, the region is expected to grow at the highest CAGR of 6.2% from 2020 to 2027.

Leading market players analyzed in the research include Berry North America, Amcor Limited, Goglio S.p.A., Constantia Flexibles, ProAmpac, Mondi Plc, Sealed Air Corporation, Reynolds Group Holdings Ltd., Sonoco Products Company, and Sealed Air Corporation.

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Retro-Reflective Materials Market Analysis Shows Sky Rocketing Growth in Revenue with CAGR 17.2% by 2030

According to the report published by Allied Market Research, the global retro-reflective materials market generated $8.6 billion in 2020, and is projected to reach $42.8 billion by 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

Rapid rise in urbanization & infrastructure, growth of real estate & construction industry, rise in tourism activity, growth of textile and fashion industry drive the growth of the global retro-reflective materials market. However, limited life span of retro-reflective products restrains the market to some extent. On the other hand, huge growth of the tourism sector presents new opportunities in the upcoming years.

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Leading players of the global retro-reflective materials market analyzed in the research include 3M ALANOD GmbH & Co. KG, Avery Dennison, Changzhou Hua R Sheng Reflective Material, Coats Group Plc, Asian Paints PPG, Blueocean Solutions, Nanofuel Co. Ltd., Noritake Co. Ltd., SulNOx Group Plc.

COVID-19 scenario:

The outbreak of COVID-19 led to several restrictions and temporary closure to tourism activities, which sequentially, reduced the demand for helmets, riding jackets and other safety equipment.
Due to the disruption in the supply chain, the demand for retro-reflective materials has faced a downfall from the automotive sector, which also affected the retro-reflective material market.
The construction activities were delayed due to the lockdown implementation, which led to the decrease the demand for retro-reflective materials.

The report offers detailed segmentation of the global retro-reflective materials market based on technology, product type, application, and region.

Based on technology, the microprismatic segment held the highest market share in 2020, holding nearly half of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, this segment is estimated to register the highest CAGR of 17.6% from 2021 to 2030.

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Based on application, the traffic control and work zone segment held the largest market share in 2020, holding more than three-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the industrial segment is projected to register the highest CAGR of 18.7% from 2021 to 2030.

Based on region, North America contributed to the highest share in terms of revenue in 2020, holding more than two-fifths of the total market share, and is estimated to continue its dominant share by 2030. However, Asia-Pacific is projected to manifest the fastest CAGR of 18.3% during the forecast period.

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Home Fragrance Market Size, Growth Analysis, Opportunities, Business Outlook and Forecast to 2019-2026

According to a new report published by Allied Market Research, titled, “Home Fragrance Market by Product and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global home fragrance market size was valued at $5.6 billion in 2018 and is projected to reach $9.1 Billion by 2026, registering a CAGR of 6.3% from 2019 to 2026.

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Home fragrances facilitate in releasing aroma that helps in eliminating unpleasant odor, thereby creating a soothing environment in homes. Moreover, they aid in minimizing fatigue, relieving stress, and enhancing mood. Some of the most common home fragrances preferred by the consumers include fantasy, floral, fresh & clean fruity, and gourmand. A wide range of home fragrance diffusers are available in the market, including electric diffusers, essential oil diffusers, aromatic candles, specialty incense sticks, sprays, and others. Thus extended product offering facilitated by key manufacturers is one of the key factors in driving the demand for home fragrance market. In addition, the expansion of distribution channels such as online stores, discount stores, supermarkets, hypermarkets, convenience stores, and more has made these home fragrances easily accessible to the consumers.

The scented candles segment is anticipated to garner highest home fragrance market share during the forecast period. This is attributed to the fact that consumers use scented candles to enhance the aesthetics of homes and to reinforce health & wellness. Moreover, the availability of innovative designs, color, and sizes of scented candles has driven the sales of scented candles among the consumers. In addition to this, the trend of gifting scented candles as well as customizable aromatic candles on several occasions such as birthdays, house warmings, and dinner parties is expected to boost the growth of the segment during the home fragrance market forecast.

Upsurge in demand for natural home fragrances is anticipated to boost the growth of home fragrance market in the upcoming years. This is attributable to rise in consumer awareness regarding the ill effects of synthetic home fragrances such as headache, nausea, dizziness, and others. Moreover, home fragrance manufacturers are now indulged in launching natural and environmental-friendly home fragrances to meet the growing customer demands, which propels the home fragrance market growth. For instance, OPSO brand launched its first natural home fragrance that is produced from natural tree resins, which are environmental friendly, thus creating a natural, cozy, and fresh atmosphere in homes.

The global home fragrance market analysis is segmented on the basis of product, distribution channel, and region. Depending on product, the home fragrance market is classified into diffusers, sprays, scented candles, and others. By distribution channel, it is fragmented into supermarkets/hypermarkets, online stores, convenience stores, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the home fragrance industry Procter & Gamble, S. C. Johnson & Son, Inc., Voluspa, Newell Brands, NEST Fragrances, LLC, Godrej aer. Bougie et Senteur, Prestige Personal Care, Faultless Brands, and Ripple Fragrances Pvt. Ltd.

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Key Findings of the Home Fragrance Market:

• By product, the scented candle segment accounted for the highest market share in 2018, growing at a CAGR of 5.9% from 2019 to 2026.
• Depending on distribution channel, the supermarket/hypermarket segment occupied the maximum share in home fragrance market in 2018, and is expected to dominate the home fragrance market.
• Region, Europe accounted for about 34.9% in 2018 of the market, and is expected to grow at a CAGR of 5.8%.

Reason to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Home Fragrance market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Home Fragrance Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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Plastic Coatings Market To Gain a Massive CAGR of 5.1%, Forecast to 2027

The global plastic coatings industry garnered $6.5 billion in 2019, and is projected to generate $8.8 billion by 2027, growing at a CAGR of 5.1% from 2020 to 2027. Allied Market Research published a report, titled, “Plastic Coatings Market by Type (Polyurethane, Acrylic, Epoxy, and Others), Process (Dip Coating, Spray Coating, Powder Coating, Electrophoretic Painting, and Others), and End-Use Industry (Automotive, Aerospace & Defense, Building & Construction, Medical, and Others): Global Opportunity Analysis and Industry Forecast 2020-2027.”

Prime determinants of growth

The ongoing trend of lightweight vehicles and increase in adoption from the construction industry propel the growth of the global plastic coatings market. However, strict environmental policies and regulations regarding volatile organic content (VoC) restrict the market growth. On the other hand, emerging end-use industries in developing nations create new opportunities in the next few years.

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Leading Market Players

Axalta Coating Systems
BASF SE
AkzoNobel N.V.
Keyland Polymer
Covestro AG
PPG Industries Inc.
Wacker Chemie AG
The Sherwin-Williams Company
Kansai Paint Co., Ltd.
Arsonsisi s.p.a.

Covid-19 Scenario

Daily operations of the coating manufacturing facilities have been stopped during the lockdown. Moreover, R&D activities have been disrupted.
The supply and distribution activities have been halted in the wake of lockdown imposed by governments for curbing the spread of coronavirus.
The demand from automotive and construction sectors has been reduced significantly with operations in these sectors halting. However, the demand is expected to increase steadily as restrictions of lockdown are eased off.
As manufacturing and on-field operations begin, the demand for plastic coatings in different industries would gain gradually.

The epoxy segment to maintain its lead position during the forecast period

By type, the epoxy segment held the highest market share, accounting for nearly two-fifths of the total market share of the global plastic coatings market in 2019, and will maintain its lead position during the forecast period. This is due to its adoption in different applications for its benefits such as better finishing, durability, economical nature, and others. However, the acrylic segment is estimated to grow at the highest CAGR of 5.8% from 2020 to 2027. This is attributed to its benefits including excellent UV resistance, moisture protection, and others.

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The spray coating segment to maintain its dominant share throughout the forecast period

Based on process, the spray coating segment contributed to the largest share in 2019, accounting for more than one-fourth of the global plastic coatings market, and is projected to maintain its dominant share throughout the forecast period. This is attributed to its widespread adoption in construction, automotive, and others as it offers ease in applications. However, the powder coating segment is expected to manifest the fastest CAGR of 5.9% during the forecast period, owing to construction of intricate shapes and elimination of pretreatment of components.

Asia-Pacific, followed by North America, to grow at the fastest rate

By region, Asia-Pacific, followed by North America, is projected to witness the largest CAGR of 5.6% from 2020 to 2027. In addition, this region held the largest share in terms of revenue in 2019, accounting for more than one-third of the total share, and will maintain its lead position by 2027. This is attributed to grow of the macroeconomic factors such as GDP growth, industrial production, new residential and commercial construction, and automotive production. The global plastic coatings market report also explores regions including Europe and LAMEA.

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Industrial Oven Market Size Is Likely To Reach a Valuation of Around $15,967.7 Million by 2031

According to a new report published by Allied Market Research, titled, “Industrial Oven Market by Product, Process, Heating Medium, and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2022–2031,” The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.

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The global industrial oven market size was valued at $9,422.1 million in 2020, and is projected to reach $15,967.7 million by 2031, registering a CAGR of 4.5% from 2022 to 2031.There is a rapid shift among end-users on use of continuous industrial oven over batch industrial oven, as continuous ovens do not require repeated loading and unloading, or heating up and cooling down between each batch, and labor and energy demands often are much lower than batch ovens.

An industrial oven is a heated chamber used to perform a wide range of applications among varied industry verticals. Generally, these ovens process raw material at extremely high temperatures to perform a heat treatment process. Typical applications of industrial oven include food production, chemical processing, as well as deployment in the electronics industry.

Rapid adoption of continuous line industrial oven where multiple operations can take place continuously during the processing stage and reduced dependence on workforce skills are major developments witnessed in the global industrial oven market. However, high initial cost and low awareness among the end users regarding the difference between industrial oven and industrial furnace are expected to hamper market growth in the near future.

Continuous technological advancements in the global industrial oven market is expected provide ample growth opportunities for oven manufacturers and suppliers in the near future. Major players in the market have already shifted their focus toward innovation & technological advancements to maintain competitiveness and garner major market share. Furthermore, introduction of new heating technologies, interactive oven interfaces, high-speed convection ovens, and vent less ovens are anticipated to provide potential opportunities for market expansion. Moreover, some of the manufacturers in industrial oven market offer in-house-built industrial oven named as walk-in ovens, which save money on construction and shipping. Such advancements are expected to bolster market growth during the forecast period.

Moreover, due to the outbreak of the COVID-19 pandemic, the manufacturers have seen drop in sales. However, implementation of lockdown and curfew practices globally hasaffectedthe domestic as well as international production of industrial oven’s products, which in turn, hampers the growth of the overall market. Thus, the outbreak of COVID-19 negatively impacted the market in 2020, as sales of companies reduced and operations were halted.

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Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. Key players profiled in the report industrial oven analysis include ASC Process Systems, Harper International, Eastman manufacturing ltd., Rowan Technologies, Wisconsin Oven Corporation., JPW Ovens & Furnaces, Davron Technologies, Grieve Corporation, JLS Ovens, and Steelman Industries, Inc.

Key Findings Of The Study:

○ By type, the curing ovens segment dominated the global market in 2020, and is expected to retain its dominance throughout the industrial oven market forecast period.
○ On the basis of process, it is bifurcated into batch and continuous. The continuous segment held the dominant industrial oven market share in 2020, and is also expected to register the highest CAGR.
○ Depending on heating medium, the market is categorized into electric heat, fuel- & gas-fired, infrared heaters, and others. The infrared heaters segment held the major share in the market, and is projected to remain dominant during the forecast period.
○ The end-user industries analyzed in this study are food production & processing, chemical processing, electrical & electronics, automotive & aerospace, pharmaceuticals, and others.Food production & processing accounted for the highest market share in 2020, and is expected to grow at a significant CAGR during the forecast period.Increase in preference for vent less ovens in food production and processing is anticipated to drive the industrial oven market growth during the forecast period.
○ By region, Europe accounted for highest market share in 2020, and is expected to grow at a significant CAGR during the forecast period.

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Treadmill Market Revenue to Register Robust Growth Rate During 2021-2030

According to a new report published by Allied Market Research, titled, “global treadmill market by product type, end use, distribution channel and region: global opportunity analysis and industry forecast, 2021–2030,”The global treadmill market size was valued at $3,284.8 million in 2020, and is projected to reach $5,932.0 million by 2030, registering a CAGR of 5.1%.

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Treadmill is widely used for physical fitness equipment for weight management and improving body stamina & muscular strength. Mostly used treadmills are motorized or electronic, owing to advance features offered to users. Rise in awareness regarding health & fitness, increase in obese population, government initiatives to promote healthy lifestyle, and increase in youth population are the major factors that drive growth of the global treadmill market.

However, high price of treadmill is a key restraining factor of the market. On the contrary, surge in youth population, improved lifestyle, and rise in disposable income of individuals in developing countries are anticipated to offer immense opportunities for the market players.

The outbreak of coronavirus has positively impacted the treadmill industry along with all stages of supply chain and value chain. Owing to the COVID-19 outbreak, consumers have become more concerned about their overall health & wellness. This is attributed to the fact that they have acknowledged that COVID-19 is impacting their mental & physical well-being. This, in turn, is propelling the demand for fitness equipment like treadmill at home, which is anticipated to boost the growth of the global treadmill market.

Furthermore, by distribution channel, the online store segment is anticipated to be the fastest growing segment, in terms of value sales during the forecast period. This is attributed to the fact that platforms or e-commerce are becoming a popular medium for purchase of sporting goods including treadmill among customers. This is attributed to easy availability of treadmills and benefits provided by it such as information about product functional attribute, time-saving features, and facility of home delivery to customers.

The global treadmill market segments are categorized into product type, end use, distribution channel, and region.

By product type, it is classified into manual and electronic. By end use, it is divided into residential, institutional, and commercial. On the basis of distribution channel, the market is segregated into specialty store, franchise store, online store, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, Japan, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Turkey and Rest of LAMEA).

Some of the key players in the treadmill market analysis includes Icon Health & Fitness, Technogym, Johnson Health Tech, Nautilus, Inc., True Fitness Technology, Inc., Impulse (Qingdao) Health Tech Co., Ltd., TrueForm, Woodway, Life Fitness Inc., and Landice, Inc.

Key findings of the study:

○ The product type, the electronic segment accounted for the highest treadmill market share in 2020, growing at a CAGR of 5.6% from 2020 to 2027.
○ End use, the commercial segment accounted for the highest treadmill market share in 2019, growing at a CAGR of 6.1% from 2020 to 2027.
○ By distribution channel, the specialty segment accounted for the highest market share in 2020, growing at a CAGR of 4.1% from 2020 to 2027.
○ Region wise, North America occupied the maximum share in the market in 2020 and is expected to be the dominating segment during the treadmill market forecast period.

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Wallpaper Market is Expected to Rise $3.2 Billion by 2031, Growing At a CAGR of 3.6% From 2022-2031

According to a new report published by Allied Market Research, titled, “Wallpaper Market,” The wallpaper market was valued at $2.3 billion in 2021 and the wallpaper market size is estimated to reach $3.2 billion by 2031, growing at a CAGR of 3.6% from 2022 to 2031.

The growing number of restaurants and the changes in perception about the working environment by the private organizations cheer up their employees with a neat and refreshing office interior increasing the wallpaper market trends. The necessity of interior decoration and budget for this purpose varies according to the consumer segment that urges the brands to differentiate offers according to the need of the organization or household.

The global wallpaper market analysis into product type, end-user, distribution channel, and region.

Depending upon product type, the market is segregated into Vinyl-Based Wallpaper, Non-Woven Wallpaper, Pure Paper Type Wallpaper, and Other Wallpaper. On the basis of End-user, it is fragmented into Residential and Non-Residential. Depending on the distribution channel, it is categorized into supermarket/hypermarket, specialty stores, and e-commerce platforms. Region-wise, the wallpaper market is analyzed across North America (U.S., Canada, and Mexico) Europe (Germany, Russia, UK, Italy, France, and the Rest of Europe) Asia-Pacific (China, Japan, South Korea, India, Australia, Rest of Asia-Pacific), LAMEA (UAE, Saudi Arabia, Brazil, Chile, South Africa and Rest of LAMEA).

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Depending on product type, Vinyl-Based Wallpaper dominated the market with $943.3 million in 2021 and is estimated to reach $1300.1 million by 2031, at a CAGR of 3.3% during the forecast period. The vinyl coating makes this wallpaper water-resistant. It can be installed in areas that are normally too moist for traditional wallpaper, such as bathrooms and kitchens. Grease and dirt are usually not a problem for these long-lasting papers, so users can put them almost anywhere in their homes or business.

The End-user, residential wallpapers were the highest contributor to the market, and are estimated to reach $1285.7 million by 2031, at a CAGR of 3.3% during the forecast period. Household requirements differ significantly from those of hotels and restaurants, as well as commercial workplaces. Different themes were preferred by homes depending on the number of individuals in the household and the function of the room. The trend of using wallpapers now growing into the non-residential sector as well and also showing a positive growth rate during the forecast year but as of now, the Residential segment has more market share than the Non-Residential segment.

As per the distribution channel, the specialty store segment was the highest contributor to the market, with $1012.7 million in 2021, and is estimated to reach $1467.3 million by 2031, at a CAGR of 3.8% during the forecast period. The specialty store segment is the leading distribution channel with almost half of the wallpaper market share, e-commerce stores growing with the next leading segment during the forecast period helps in increasing the wallpaper market demand. This is attributed to the increase in business of retail sales in different regions as well as the large verities of products available with limited prices, which let the customer pick their choice.

Region wize , the North American region was the highest contributor to the market, with $878.0 million in 2021, and is estimated to reach $1171.3 million by 2031, at a CAGR of 3.0% during the forecast period. North America dominated the market and is expected to sustain its dominance during the forecast years. The per-person expenditure capacity and lifestyle of the North American region are much healthy than the other region. Wallpaper is part of this region’s lifestyle for a very long time period, which increases the wallpaper market Opportunity.

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The key players profiled in the global wallpaper market include AS Creation, Brewers Group, Colefax Group Plc, Graham & Brown Limited, Lilycolor Co Ltd., Osborne & Little Limited, Sangetsu Corporation, Sherwin-Williams Company, The Romo Group, Walker Greenbank Plc

Key findings of the study:

○ The wallpaper market size was valued at $2268.6 million in 2021, and is estimated to reach $3226.7 million by 2031, registering a CAGR of 3.6%, wallpaper market forecast from 2022 to 2031.
○ In 2021, by product type, the Vinyl-Based Wallpaper segment is estimated to witness the significant growth, registering a CAGR of 3.3% during the forecast period.
○ In 2021, depending on end-user, the residential wallpaper segment was valued at 1285.7 million, accounting for 56.7% of the global Wallpaper market share.
○ In 2021, by distribution channel, the wallpaper market growth in specialty segment is estimated to witness significant growth, registering a CAGR of 3.8% during the forecast period.

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