A Market Place Research – Page 1653

Spa Services Market Revenues Will Growing At a CAGR of 17.3% From Reaching Nearly $423,253.69 Million in 2022 to 2031

A new report published by Allied Market Research, titled, “Spa Services Market by Type and Geography – Global Opportunity Analysis and Industry Forecast, 2022 – 2031”,. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

global Spa Services market size was valued at $73,512.93 million in 2020, and is projected to reach $423,253.69 million by 2031, registering a CAGR of 17.3% from 2022 to 2031.

Growth of the market is fostered by factors such as increased hectic lifestyles, rise in wellness tourism, surge in demand from teenagers, and improved standards of living. Moreover, increase in population of working women and rise in popularity of spa among male customers have supplemented the growth of global spa services market. However, scarce availability of skilled labor and lesser penetration in underdeveloped regions limit the market growth to a certain extent. Furthermore, the cost of employing skilled labor in the global spa services market is high, thereby adding to the operation costs incurred by the firms.

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“Hectic lifestyle in urban areas, rise in demand from emerging markets, new developments in spa services, and surge in demand from teenagers drive the growth of the global spa services market.”

The salon spa segment accounted for the largest market share of around 37.3% in 2020. Increase in disposable income among the middle-income class, affordable services, and innovative marketing strategies used by salons contribute to the growth of this segment. However, the highest CAGR of 17.7% is expected to be witnessed by the medical spa segment during the forecast period. Technological advancement in medical treatments such as laser technology, dermal fillers, cellfina, ultra therapy, and others drive the demand for medical spa.Hotel spa and destination spa are anticipated to witness notable growth during the forecast period, owing to massive investments in tourism infrastructure in Asia and Middle East.

The global spa services market was dominated by Europe in 2020, owing to higher demand in Western European countries such as Germany, France, UK, and others. In addition, extensive demand arising from Eastern Europe countries due to rise in income of middle class customer groups has contributed significantly to the market. Moreover, Europe has greater number of established spas among other region.Asia-Pacific is the second largest region in the global spa services market owing to huge contribution by countries such as Japan and China,which are highly concentrated with mineral spa.

LAMEA region is expected to witness the fastest growth of 17.6% during the forecast period; owing to rise in investments in tourism industry in countries such as Brazil and UAE.The tourism sector in Brazil has attained more proficiency and professionalism posing huge avenues for the global spa services market to expand in future. Moreover, urbanization and increasingly hectic work lifestyle are expected to continue to foster the demand for the market during the analysis period.

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Covid-19 Scenario

• The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global spa services market, owing to implementation of lockdown.
• As all salons and parlors were temporarily closed, the demand for spa service had a major decline.

The key market players profiled in the report include:

• Emirates Palace
• Four Seasons Hotel Limited
• Trailhead Spa
• Massage Envy Franchising LLC
• Jade Mountain
• Six Senses Hotels Resorts Spas
• Clarins Group
• Lanserh of Tegernsee
• Belmond Maroma Resort & Spa

Key Findings Of The Study:

• Europe was the highest revenue-generating region in the global spa services market in 2020.
• LAMEA is anticipated to witness the highest CAGR during the forecast period.
• Salon spa was the largest revenue-generating segment in 2020.
• Medical spa is anticipated to be the fastest growing spa segment due to rapid advancements in medical field.
• Key companies profiled in this report includeFour Seasons Hotel Limited, Emirates Palace, Trailhead Spa, Jade Mountain Resort, Massage Envy Franchise LLC, Six Senses Hotels Resorts Spas, ClarinsDay Spa, Belmond Maroma Resort & Spa, LanserhofTegernsee Spa, and Gaia Retreat & Spa.

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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.

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Household Appliances Market Size is Rise to Reach $763,451 Million by 2025, Growing at CAGR of 5.4% From 2018 to 2025

According to a new report published by Allied Market Research titled,”Household Appliances Market by Product and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The global household appliances market size was valued at $501,532 million in 2017, and is projected to reach $763,451 million by 2025, growing at a CAGR of 5.4% from 2018 to 2025. In 2017, the U.S. household appliances market accounted for nearly 17% of the global household appliances market.

Growth in government subsidiaries in the form of rebates and tax credits to the manufacturers producing energy efficient device is anticipated to drive the development of the energy efficient as well as smart household appliances. Along with easing the customer-user interface by integrating the devices with the IoT platform, the manufacturers focus on developing energy efficient technologies, which comply with the energy star specifications and efficiency levels.

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The market is highly competitive, as repeat purchase is low and consumers are well versed with the product, therefore losing a customer is a sensitive affair. To build relation with every single customer, manufacturers invest heavily on R&D to launch quality products at a competitive price and offer after sale services as well. Moreover, after launching new products, players must invest heavily on various types of marketing communications to increase their reach.

The global household appliances industry is segmented into product, distribution channel, and region. By product, in the cooking appliances segment, induction cooking technology is gaining popularity, owing to rise in fuel prices. Moreover, changes in lifestyle of consumers with increase in number of nuclear families has increased the dependence of users on the household devices and hence is expected to drive the growth of the household appliances market. The refrigerator segment is estimated to register the highest CAGR of 6.4% by 2025, owing to rise in necessity for storing food and perishable items, surge in working-women population, and increase in household income.

By distribution channel, the specialty store segment generated the highest revenue in 2017, as the majority of the consumers rely on specialty stores owing to specialization in the product category and presence of high expertise.

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Conversely, e-commerce sales have witnessed the highest growth rate, as it offers a wide variety of products and is one of the convenient shopping methods.

Asia-Pacific household appliances market share is expected to account for the highest market share in 2017 and is expected to maintain its dominant position throughout the forecast period. Improvement in living standard and development of the housing sector foster the growth of the Asia-Pacific market.

The market in Asia-Pacific region held more than two-fifths of the total market revenue in 2017 and is expected to maintain its lead position during the forecast period. It is projected to grow at the highest CAGR of 6.3% from 2018 to 2025. This region is a lucrative segment. The other regions analyzed in the research are North America, Europe, and LAMEA (Latin America, Middle East, and Africa).

The key market players profiled in the report include:

• AB Electrolux
• Qingdao Haier Co. Ltd. (Haier)
• Hitachi Ltd.
• LG Electronics Inc. (LG)
• Midea Group Co. Ltd. (Midea)
• Panasonic Corporation (Panasonic)
• Robert Bosch GmbH
• Samsung Electronics Co. Ltd.
• Sharp Corporation (Sharp)
• Whirlpool Corporation

Key findings of the Household Appliances Market:

• In terms of value, the refrigerator segment is expected to grow at a CAGR of 6.4% during the forecast period.
• North America is expected to dominate the market, registering a significant CAGR of 4.6% in terms of value.
• Asia-Pacific is projected to show exponential growth throughout the forecast years, growing at a CAGR 6.3%, in terms of value.
• The specialty store distribution channel is anticipated to dominate global household appliances market, registering a CAGR of 5.0%.
• China accounted for more than one-third of the total Asia-Pacific household appliances market in 2017.
• In the global household appliances market, India is expected to grow at a CAGR of 8.3% in terms of value.

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Fin Fish Market : Growth, Share, Driver, Demand and Forecast To 2025

The fin fish production/fishing involves feeding, production, regular stocking, and protection of the aquatic living things. Fin fish are cultivated in three types of environment, which includes freshwater, brackish, and marine water. Apart from this, freshwater aquaculture is the leading segment during the forecast period. The aquaculture products that are rich in nutrients are helpful for brain development and eye care.

The global fin fish market size was valued at $164,836 million in 2017, and is expected to reach $238,520 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025.

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Factors such as increase in concern toward food security, technological advancements in the industry, and rise in awareness about healthy diet fuel the growth of the fin fish industry. Based on type of environments, the market is segmented into fresh water, marine water, and brackish water.

Currently, fin fish is an absolute necessity to meet the food demand and supply. This industry provides high-quality and disease-free fish by rearing fish in an environment that meets the hygiene standards. Fin fish activity is also utilized by industries to conserve the species on the verge of extinction. Moreover, advanced technology enhances the yield of fin fish. The global market is projected to witness significant growth during the forecast period, owing to increased health awareness among consumers about the intake of balanced nutrient quantities. In addition, rise in government rules and regulations in different countries that promote fish farming to meet the growth in demand to cope with food insecurities is expected to further boost the market growth. However, increase in water pollution and changes in climatic conditions hamper the fin fish market growth. Moreover, fin fish production is vulnerable to adverse impacts of disease and environmental conditions. Disease outbreaks in recent years have affected farmed Atlantic salmon in Chile, and in several countries in Asia, South America and Africa, resulting in partial or sometimes total loss of production.

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The global fin fish market is segmented based on environment, fish type, and region. Based on environment, it is classified as freshwater, marine water, and brackish water. The fish type segment comprises of pompano, snappers, groupers, salmon, milkfish, tuna, tilapia, catfish, seabass, and others (carps, mackerels, sea bream, and trout). Based on region, the fin fish market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Major players in the industry have adopted strategies such as acquisition, partnership & agreement, merger, and geographical expansion, to expand their market share and increase profitability. The key player in the market include Cermaq Group AS (Mitsubishi Corporation), Cooke Fin fish Inc., Grupo Farallon Fin fish, Leroy Sea Food Group, Marine Harvest ASA, P/F Bakkafrost, Selonda Fin fish S.A., Stolt Sea Farm, Tassal Group Limited, and Thai Union Group Public Company Limited.

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Key findings of the Fin Fish Market:

Asia-Pacific is expected to continue to lead the global market, growing at the highest CAGR of 4.68%, in terms of revenue, from 2018 to 2025.
Based on environment, the fresh water segment occupied around 60.0% of fin fish market share of the total market in 2017.
Based on fish type, the others segment that includes craps mackerels, sea bream, and trout occupied a major share of the global market in 2017, in terms of revenue followed by salmon.
China is the largest country, in terms of revenue, in the global market, and is expected to grow at a CAGR of 5.31% from 2018 to 2025.
Tilapia fish type is expected to witness significant growth of 4.62%, in terms of revenue, in the fin fish market forecast period.

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Rice Starch Market Growth, Future Scope, Challenges, Opportunities 2030

Rice starch is classified into small particles, with a particle size which is much smaller than other tubers, grains, and roots (such as potatoes and corn). Rice starch is a very fine-grained and tasteless powder made by processing raw rice. Rice starch also provides a creamy texture and can be used as a natural substitute for fat. Rice starch is widely used in food industry, pharmaceutical industry, chemical industry, and cosmetic industry. Rice starch is used toprepare products such as medicines, processed food mixes, and canned baby food.

Modified rice starch is one of the popular vegetarian alternatives to traditional gelatin powder. Rice starch adds a smooth, creamy texture to various prepared foods such as sauces and soups. Extracting starch from rice produces large amounts of protein and fiber residues. The world rice starch market is dividedby grade, application and regional type. The market is further divided into food grade, cosmetic grade, and pharmaceutical grade.

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COVID-19 Impact analysis

Due to the recent COVID-19 outbreak, several major rice exporting countries implemented policies which ensures adequate domestic supply. Some countries has also suspended new contracts for rice exports in the month of April 2020.
Mobility and logistics had faced challenges due to social distancing regulations which has decreased the availability of rice in the domestic markets of many countries and contributed to lower export volumes. As a result, rice products and rice starch market has been affected widely.
As during the world price shocks, rice export prices rose sharply, increasing by 25%, threatening the food security of countries dependent on rice imports. Although rice export restrictions eased and quarantine measures were loosened across the globe, some regions rice prices remained relatively high in the subsequent months and due to this there was a decrease in the consumption of rice products and it has highly affected Rice Starch Market.

Top Impacting Factors

Among these market,the food grade segment is expected to contribute more than 50% of the market share and is expected to grow in a higher space. The food grade market segment is expected to promote the rice starch market during the forecast period.
Depending on the utilization of rice starch, the market is classified into pharmaceuticals, cosmetics & personal care, and food & beverage. Food andbeveragesaresubdivided into baked goods and baked fillings, candy, fruit products, and dairy products.
There is a huge demand inthe cosmetic industry, in cosmetic grade rice starch is widely used by manufacturers tomanufacture cosmetics and personal care products on a large scale.Therefore, the global rice starch market is expected to significantly increase its revenue contribution during the forecast period.

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Market Trends

Hike in the Utilization in Food & Beverages Industry

Growing demand for powder rice or rice starch in various food products is predicted to serve major growth opportunities to the market of rice starch. Powder form are widely utilized in the preparation of bakery food products, thus growing consumption of bakery food products round the globe is projected to foster the market growth of the rice starch over the forecast period. Moreover, growing demand for dairy products and fruit products is additionally expected to reinforce the market growth. Increasing demand for healthy and safe food products among consumers is predicted to supply potential opportunities to the market of rice starch.
Increasing popularity of rice products as a serious source of nutrients alongside growing consumer focus towards healthy lifestyle is probably going to drive these markets growth. Growing problem of obesity among consumers due to unhealthy food habits alongside increasing demand for natural ingredients in food products is probably going to spice up the Rice Starch market growth.

Increased Demand in Cosmetic Industry

In the current situation, people are more curious about natural products. This can play a crucial role in the expansion of Rice Starch market. Increasing awareness of functional foods and dietary supplements is predicted to drive the market during the forecast period. Increased awareness about different health benefits of various rice products has helped in increasing the consumption of these products due to which there is an increase in the Rice Starch market. As now, consumption of healthy food products, rice starch market is trending across the world.
There is a huge demand in the cosmetic industry. In cosmetic grade, rice starch is widely used by manufacturers in the production of cosmetics and personal care products on a very large scale. Therefore, the global rice starch market is expected to significantly increase its revenue contribution during the forecast period.

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Key Benefits of the Report

This study presents the analytical depiction of the RICE STARCH industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the RICE STARCH MARKET share.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the RICE STARCH MARKET growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed RICE STARCH MARKET analysis based on competitive intensity and how the competition will take shape in coming years

Reasons to Buy this Rice Starch Market Report:

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Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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Deep Fryer Market is expected to reach $612.5 million by 2026, registering a CAGR of 3.0% from 2019 to 2026.

According to a new report published by Allied Market Research, titled, “Deep Fryer Market by End Use and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,” the global deep fryer market size was $487.6 million in 2018, and is expected to reach $612.5 million by 2026, registering a CAGR of 3.0% from 2019 to 2026.

Frying is one of the most popular process of cooking food. Deep frying cooks food faster, more even, and imparts tenderness. As a result. a large economical potential lies in development of improved and innovative deep fryers. New frying technology is evolving that includes improving oil quality, reusing oil, and process automation.

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Rapid growth of the food service industry is expected to provide major impetus to the growth of the global deep fryer market. Hectic lifestyles have resulted in changing of consumers eating habits. As a result, HORECA industry have seen widespread expansion across both developing and developed regions. Some of the appetizers including but not limited to French fries, cheese fritters, onion rings, fried fish sticks, mozzarella sticks, scotch eggs, fried chicken tenders & cutlets, potato chips, fried zucchini disks, banana & pineapple fritters and doughnuts are deep fried. Wide acceptance of such appetizers has created high demand for deep fryers, especially in commercial applications. In addition, increase in experimentation & innovations in varieties of cuisines coupled with growth in the gastronomy industry augments the deep fryer market expansion in the upcoming years

Formation of dangerous and toxic compounds such as acrylamide can be linked to frying food in very hot oil. Acrylamide is often formed in certain food such as meat, owing to very high-heat cooking methods; for instance, deep frying. International Agency for Research on Cancer states intake of acrylamide might cause endometrial, ovarian, breast, esophageal, and pancreatic cancer. Growing consumer consciousness about ill effects of deep frying is expected to impede the global deep fryer market expansion.

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Online distribution is one of the fast-emerging distribution channels in the deep fryer market. Consumers prefer online platforms due to ease of accessibility and convenience. This platform offers a number of discounts on online purchase to attract more customers. Emergence of advanced technology fosters the growth of online business worldwide. Online sales of deep fryers is projected to contribute to the revenue of the manufacturers operating in the market. As a result, players in the residential deep fryer market are increasingly collaborating with e-commerce sites to improve their market presence

The global deep fryer market is segmented into end use, distribution channel and region. Based on end use, the global market is studied across residential and commercial. Depending on distribution channel, the market is segmented into offline and online. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA

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Key Findings of the Study:

Asia-Pacific leads in terms of deep fryer market revenue share and is expected to retain its dominance during the forecast period.
Commercial segment generates highest revenue in the deep fryer market analysis.
Based on distribution channel, offline segment accounted for about 88% of the global deep fryer market share in 2018. However, the online segment is expected to witness robust growth with a CAGR of 4.4%, during the forecast period.
Based on region, Asia-Pacific is anticipated to grow with robust CAGR of 4.0% during the forecast period.

Some of the key players operating in the deep fryer market includes AB Electrolux, Ali Group Srl, Breville Group, Fagor Industrial, Groupe SEB, Henny Penny, Newell Brands, Taurus Group, TTK Prestige Ltd., Welbilt, Inc. among others

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> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you’re looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

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> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

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Contact:

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5933 NE Win Sivers Drive

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Automatic Test Equipment Market Is Expected To Be The Highest Revenue-Generating Segment, Projected To Grow At A CAGR Of Over 3.9%

Allied Market Research Published Latest New Report titled, “Automatic Test Equipment Market By Type (Memory, Mixed Signal, Digital, and Others), Component (Industrial PC, Mass Interconnect, Handler, Prober, and Others), and Industry Vertical (Aerospace & Defense, Automotive & Transportation, Consumer Electronics, Information & Communication, Healthcare & Life Science, and Others): Opportunity Analysis and Industry Forecast, 2021–2030”

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According to Allied Market Research, The Automatic Test Equipment Market report offers exhaustive and thorough insights into each of the prominent end user domains along with annual forecasts till the year 2030. In-depth study on the basis of various parameters such as sales analysis, major driving factors, market trends, prime market players, prime investment pockets and market size, that aid in formulating sound business strategies and making informed decisions. The global Automatic Test Equipment Market report covers an overview of the market and outlines market definition and scope. The ongoing technological developments and surge in demand have an influential effect on the market growth.

At the same time, restraining factors that are expected to obstruct or hold the growth of the industry are also presented by our expert analysts in order to provide the key market players with a detailed scenario of the future threats in advance. Furthermore, the report provides a quantitative and qualitative analysis of the market, outlines the pain point analysis, value chain analysis, and key regulations.

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The worldwide Automatic Test Equipment marketplace record gives a complete observe of the dynamic driving and restraining factors, major challenges, and lucrative opportunities. Moreover, the study covers a SWOT analysis that aids in recognizing the restraining and driving factors in the market. Furthermore, the report outlines market segmentation and growth analysis of the top 10 market players that are currently active in the industry. The drivers and opportunities help in grasping the dynamic market trends and how market players can leverage such trends.

Scope of the Report: –

Report Attribute	Details
Revenue forecast in 2030	$9.52 billion
Growth rate	CAGR of 4.2% from 2021 to 2030
Forecast period	2021 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Regional scope	North America, Europe, Asia Pacific, Latin America, MEA
Country scope	U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia
Key companies profiled	Advantest Corporation, Cal-Bay Systems, Inc. (Averna), Chroma ATE Inc., LTX-Credence (Cohu, Inc.), Marvin Test Solution, Inc., National Instruments Corp., Roos Instruments, Inc., Shinbashi Inc., SPEA S.p.A., and Teradyne Inc Access Table PDF

We assist our clients with acquiring an upper hand in a market space by offering counseling administrations that incorporate however are not restricted to:

• Talent and engagement consulting services.

• Market expansion and vertical tagging.

• 3 Business process and transformation consulting services.

• Governance, risk, fraud, and compliance consulting.

• Business and transformation consulting.

• Customer acquisition and synergy planning.

• Digital business strategy.

• Strategic advisory and operational excellence consulting services.

COVID-19 scenario:

The Covid-19 outbreak has had a significant effect on the world. Some sectors thrived during the pandemic while some faced tremendous losses. As per the restrictions and guidelines issued by World Health Organization (WHO), the majority of the manufacturing and production facilities were closed or working at low potential. Moreover, the prolonged lockdown created challenges in the procurement of raw materials. These factors create a huge gap in supply and demand and disrupted the supply chain. However, as the world is recovering from the pandemic, the Automatic Test Equipment market is expected to get back on track.

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The regions analyzed in the report are North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). This regional analysis aids to formulate business strategies that target specific regions to leverage lucrative opportunities.

Key Market Segments:

By Type

Memory
DRAM
Flash Memory
SRAM
Mixed Signal
Digital
Others

By Component

Industrial PC
Mass Interconnect
Handler
Prober
Others

By Industry Vertical

Aerospace & Defense
Automotive and Transportation
Consumer electronics
Information and Communication
Healthcare & Life Science
Other

The report includes a detailed segmentation of the Automatic Test Equipment market along with a comprehensive study of each segment. Furthermore, the segmentation study includes an analysis of sales, growth rate, market shares, and revenue of each segment during the forecast period.

Leading Playres of Automatic Test Equipment Market:

Advantest Corporation.
Cal-Bay Systems, Inc. (Averna)
Chroma ATE Inc.
LTX-Credence (Cohu, Inc.)
Marvin Instruments Corp.
National Instruments Corp.
Roos Instruments, Inc.
Shinbashi, Inc.
SPEA S.p.A.
Teradyne Inc.

Frequently Asked Questions?

Q1. What are the leading countries affected by Automatic Test Equipment?
Q2. Which is the largest regional market for Automatic Test Equipment?
Q3. What is the estimated industry size of Automatic Test Equipment?
Q4. Which are the top companies to hold the market share in Automatic Test Equipment?
Q5. What are the major drivers for Automatic Test Equipment?

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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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Biochar Market to Garner $587.7 Million, Globally, By 2030 at 13.2% CAGR, Says Allied Market Research

Allied Market Research published a report, titled, “Biochar Market by production technology (Pyrolysis, Gasification, and Others), Application (Soil Amendment, Animal Feed, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global biochar industry was estimated at $170.9 million in 2020, and is anticipated to hit $587.7 million by 2030, registering a CAGR of 13.2% from 2021 to 2030.

Drivers, restraints, and opportunities-

Rise in use of biochar in animal feeding and the growing demand from the agriculture sector drive the growth of the global biochar market. However, high investment cost for the production of biochar impedes growth to some extent. On the other hand, emerging applications of biochar are anticipated to pave the way for multiple opportunities in the industry.

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COVID-19 scenario-

The outbreak of covid-19 impacted the global biochar market as the major end-users of biochar such as industrial, livestock, metal processing, building & construction, and other sectors have been negatively impacted due to the pandemic.
As several countries locked their international borders for non-essential trade activities and transportation, the global biochar supply chain was disrupted and the use of biochar also decreased among several end users.
In the initial days of the pandemic, various chemical manufacturing industries were shutdown and many construction projects were temporarily stopped, this in turn, shrunk the demand for biochar in the chemical manufacturing and construction industries.

The pyrolysissegment held the lion’s share in 2020-

Based on production technology, the pyrolysis segment held the lion’s share in 2020, contributing to more than half of the global biochar market, and is expected to continue its lead during the forecast period. The pyrolysis production-based biochar is widely used in producing renewable energy and in power generation sectors. This drives the demand for the segment. Moreover, this segment is expected to witness the highest CAGR of 13.4% by 2030. The report also includes an analysis of the gasification segment.

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The soil amendment segment to dominate by 2030-

By application, the soil amendment segment accounted for more thantwo-fifths of the global biochar market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is owing to the increase in government spending to promote agricultural activities where biochar is widely used to enhance soil fertility. This segmentis expected to grow at the fastest CAGR of 13.5% during the forecast period. The report also includes an analysis of the animal feed segment.

Asia-Pacific, followed by North America, to witness highest CAGR through 2030-

By region, Asia-Pacific, followed by North America is expected to continue its dominance with the fastest CAGR of 13.8% by 2030. Moreover, the region garnered the major share in 2020, contributing to more than two-thirds of the global biochar market. This is due to the major key market trend of utilization of biochar in sectors such as livestock, agriculture, industrial, and others in the Asia-Pacific region.The report also includes an analysis of segment of region across Europe and LAME.

Leading Market Players-

Biochar Supreme
Farm2Energy Pvt. Ltd.
ArSta Eco Pvt Ltd.
Frontline BioEnergy LLC
Pacific Biochar Corporation
ProActive Agriculture
Coaltec Energy USA
KARR Group Co. (KGC)
Airex Energy Inc.
Phoenix Energy

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Automotive Ceramics Market Size to Reach $3.1 Billion by 2027 | CAGR: 6.5%: AMR

Infographics_Automotive Ceramics Market-2020-2027

According to the report published by Allied Market Research, the global automotive ceramics industry generated $1.9 billion in 2019, and is projected to generate $3.1 billion by 2027, witnessing a CAGR of 6.5% from 2020 to 2027. The report offers an extensive analysis of changing market trends, top winning strategies, key segments, Porter’s Five Forces, and business performance of key market players.

Change in regulations associated with vehicle emission, increase in focus on fuel efficiency, and growth in electric vehicle market fuel the growth of the global automotive ceramics market. In addition, high investment for fabrication and integration of ceramics hampers the market growth. On contrary, development of new ceramic technologies usher a plethora of opportunities in the coming years.

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Covid-19 Scenario

The outbreak of covid-19 massively affected the automotive industry, thereby disrupting the entire supply chain.
The closure of operations in China, during the initial phase of the outbreak, impacted the supply side of automotive ceramics materials.
The industry has witnessed a massive demand drop from the customers, due to the change in customer spending behavior during the lockdown.
Moreover, the regulations are getting eased off all across the world and the industry is reviving. Also, the industry is anticipated to witness an increased demand post covid.

The global automotive ceramics market is segmented into material, component, application, and region. Based on material, the alumina oxide segment accounted for the highest market share, with nearly two-fifths of the global automotive ceramics market in 2019, and will maintain its leadership status throughout the forecast period. On the other hand, the zirconia oxide segment is estimated to manifest the fastest CAGR of 7.5% from 2020 to 2027.

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Based on application, the passenger vehicle segment accounted for the lion’s share in 2019, holding nearly four-fifths of the global automotive ceramics market, and is expected to maintain its dominance throughout the forecast period. In addition, the segment is expected to witness the highest CAGR of 6.8% from 2020 to 2027.

Based on region, the market is studied across Asia-Pacific, North America, LAMEA, and Europe. The Asia-Pacific region held the highest market share in 2019, with more than half of the global automotive ceramics market, and will maintain its lead in terms of revenue by 2027. Furthermore, the region is expected to showcase the highest CAGR of 7.3% during the forecast period.

Leading market players profiled in the report include Ferrotec Corporation, Hoganas AB, International Syalons (Newcastle) Limited, Noritake Co. Ltd., Stanford Advanced Materials, Venator Materials Plc, Almatis GmbH, Compagnie de Saint-Gobain S.A., CoorsTek Inc., and Elan Technology.

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Medical Ceramics Market to Garner $29.4 Billion, Globally, By 2030 at 5.3% CAGR, Says Allied Market Research

Medical Ceramics Market, Medical Ceramics Market Size, Medical Ceramics Market Share, Medical Ceramics Market Growth, Medical Ceramics Market Trend, Medical Ceramics Market Analysis, Medical Ceramics Market Forecast, -, -, -

Allied Market Research published a report, titled, “Medical Ceramics Market by Application (Devices, Implant, Disposables, Packaging), by Type (Bioinert, Bioactive, Bioresorbable, Piezo Ceramics): Global Opportunity Analysis and Industry Forecast, 2020-2030”. According to the report, the global medical ceramics industry generated $17.5 billion in 2020, and is anticipated to generate $29.4 billion by 2030, witnessing a CAGR of 5.3% from 2021 to 2030.

Prime determinants of growth

Increase in demand for medical ceramics from the healthcare industry, increase in awareness of oral hygiene and aesthetics, and several government initiatives for R&D activities drive the growth of the global medical ceramics market. However, volatility in prices of medical ceramics due to varying mining outputs and trade sentiments hinder the market growth. Contrarily, sharp rise in global population and increase in geriatric population is driving the sales of medical devices and implants, which presents new opportunities in the coming years.

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Covid-19 Scenario

The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global medical ceramics market, owing certain factors such as unavailability of skilled labor, supply chain disruptions, and closure of production hubs.
Increase in the demand for pharmaceuticals, on the other hand, has created an opportunity for manufacturers to expand the market.

The implant segment to maintain its leadership status throughout the forecast period

Based on application, the implant segment held the highest market share in 2020, accounting for more than two-thirds of the global medical ceramics market, and is estimated to maintain its leadership status throughout the forecast period. Rise in aging population and increase in prevalence of chronic diseases are acting as driving factors for the segment. However, the disposables segment is projected to manifest the highest CAGR of 6.4% from 2021 to 2030, owing to huge production of many types of disposable devices.

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

Based on type, the bioinert segment accounted for the largest share in 2020, contributing to more than two-fifths of the global medical ceramics market, and is projected to maintain its lead position during the forecast period. This is due to its wide usage in the orthopedic & dental industry. However, the piezo ceramics segment is expected to portray the largest CAGR of 6.4% from 2021 to 2030, owing to the presence of an array of applications.

North America to maintain its dominance by 2030

Based on region, North America held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global medical ceramics market. This is attributed to the high prevalence of dental decay, increasing injuries, and the rapid adoption of medical ceramics. However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.2% during the forecast period. The presence of huge population and increasing awareness of the advantages of medical ceramics among the individuals are major factors for the demand of medical ceramics in this region.

Leading Market Players

3M ESPE
CoorsTek Inc
DePuy Synthes
H.C. Starck GmbH
Kyocera Corporation
Morgan Advanced Materials
Nobel Biocare Services AG
Straumann
Stryker
Zimmer Biomet

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Graphite Coatings Market to Garner $0.9 Billion, Globally, By 2027 at 6.82% CAGR, Says Allied Market Research

Allied Market Research recently published a report, titled, “Graphite Coatings Market Application (Lubrication, Anti-seize Agent, Release Agent, and Other) and End-Use (Automotive, Display & Sensors, Metal Coatings, and Other): Global Opportunity Analysis and Industry Forecast, 2020–2027”. As per the report, the global graphite coatings industry was pegged at $0.6 billion in 2019, and is projected to reach $0.9 billion by 2027, growing at a CAGR of 6.82% from 2020 to 2027.

Major determinants of the market growth

Increase in use in elevated temperature applications and lubrication of metal, rubber, and plastic products drives the growth of the global graphite coatings market. However, health hazards regarding the inhalation of graphite coatings hinder the market growth. On the contrary, advancements in the technology of graphite coatings are expected to open lucrative opportunities for the market players in the future.

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Covid-19 scenario:

The Covid-19 pandemic presented unprecedented challenges in front of major consumers of graphic coatings including the automotive, electronics, and aerospace sectors. In addition, the reduced demand for passenger vehicles negatively affected the graphic coatings market.
The pandemic and tariff war between China and the U.S. forced the relocation of several market players involved in the manufacturing of display and sensors, which are the prime end-users of graphic coatings.
Moreover, the prolonged lockdown across several regions and travel restrictions resulted in disruption of the supply chain.

The lubrication segment held the largest share

By application, the lubrication segment held the largest share in 2019, accounting for nearly two-fifths of the global graphite coatings market. Moreover, the segment to manifest the highest CAGR of 7.2% during the forecast period, as graphite coating can strongly bond with the surface of an object and offers enhanced shearing stress under the frictional force, making it effective to be used as lubrication in moving parts. The report includes a detailed analysis of segments such as anti-seize agent, release agent, and others.

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The automotive segment to portray the highest CAGR through 2027

By end use, the automotive segment would showcase the highest CAGR of 7.2% from 2020 to 2027. In addition, the segment dominated the market in terms of revenue in 2019, contributing to more than one-third of the global graphite coatings market, due to rise in use of flock adhesives for the manufacturing of glove boxes, sun visors, headrests, and others. The report provides an in-depth analysis of segments including displays & sensors, metal coating, and others.

Asia-Pacific, followed by Europe and North America, contributed the highest share

By region, Asia-Pacific, followed by Europe and North America, held the largest share in 2019, accounting for more than half of the market. Moreover, the global graphite coatings market across Asia-Pacific is projected to manifest thehighest CAGR of 7.9% from 2020 to 2027, due to rise in a number of automotive and textile manufacturers in China and India.

Key Market Players

Asbury Carbons
Imerys Graphite & Carbon
Elcora Advanced Materials Corp.
Mersen
CONDAT Corporation
Triton Minerals
Van Sickle Paint Mfg. Company
Whitford
BECHEM
Final Advanced Materials

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