A Market Place Research – Page 2771

Bicycle Market Size, Growth Rate, Covid-19 Pandemic Analysis, Business-Opportunities and Forecast To 2021-2027

Allied Market Research published a new report, titled, “Bicycle Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

The global bicycle market size was valued at $20,280.0 million in 2019. Furthermore, the bicycle market growth is projected to reach $28,667.3 million by 2027, registering a CAGR of 4.8% from 2021 to 2027.

The non-cargo electric bike segment was the highest contributor to the market, with $12,712.4 million in 2019, and is estimated to reach $17,580.4 million by 2027, at a CAGR of 4.1% during the forecast period.

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Bicycle sports provide career options as a coach, analyst, or as head of the bicycle association to bikers and athletes. Bicycle associations play a vital role in the growth of the global market. These associations share a common goal to promote and increase cycling worldwide. The World Association of Cycling Events (WACE) is one of the biggest bicycle association, which organizes various prestigious and largest bicycle events at a global level. These bicycle events include Cape Town Cycle Tour, TD Five Boro Bike Tour, Vatternunrnad, RideLondon, and Grant Fondo Campagnolo Roma. Thus, increase in bicycling events add to the popularity of these vehicles, which significantly contributes toward the growth of the global market.

According to the bicycle market analysis, on the basis of type, the non-cargo electric bicycle market segment was the highest contributor to the market, with $12,712.4 million in 2019, and is estimated to reach $17,580.4 million by 2027, at a CAGR of 4.1% during the bicycle market forecast period. This is attributed to technological advancements in bicycles such as integration of durable batteries and designing bicycles with light fiber body materials.

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By sales channel, the physical stores segment dominated the market in 2019, accounting for $17,628.1 million, and is estimated to reach $20,164.4 million by 2027, at a CAGR of 1.7%. This is attributed to the fact that customers can easily procure required products from physical stores. In addition, customers are given personal attention by the sales staff at these stores. Furthermore, the queries and issues are resolved immediately in physical stores.

Depending on end user, the men segment exhibited the highest growth in 2019, generating revenue of $8,990.5 million, and is estimated to reach $12,301.8 million by 2027, registering a CAGR of 4.0%. This is attributed to increase in interest of sports and leisure activities among men. Furthermore, in bicycle events, men athletes have witnessed higher fan following in comparison to women and kids.

Key players in the bicycle industry have relied on strategies such as product launch and business expansion to expand their presence in the global market and to stay relevant. The key players in the bicycle market profiled in the report are Accell Group, Cervélo, Dorel Industries Inc., Giant Bicycles, Merida Industries Co., Ltd., Olympus Bikes, Scott Sports SA, Specialized Bicycle Components, Inc., Trek Bicycle Corporation, and Kona Bicycle Company.

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Key Benefits For Stakeholders:

• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
• In-depth analysis and the bicycle market segments and the market size assist to determine the prevailing the bicycle market opportunity.

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3D Printing Materials Market Share, Topmost Companies, Segments, Type, Geography, Forecasts 2022

Global 3D Printing Materials Market size was over $578 million in 2015, and is expected to cross $1,871 million by 2022, registering a CAGR of 18.3% from 2016 to 2022. Polymers segment is expected to remain the highest revenue-generating segment throughout the forecast period. U.S. held the leading position in the global market in 2015, and is expected to maintain its lead throughout the study period.

The demand for 3D printing materials has witnessed tremendous growth, driven by the growth in sales of 3D printers (especially desktop printers), increased penetration in automotive, consumer products, aerospace and defense, healthcare, industrial sector, and others. 3D printing material market is in its development stage. All the industry players are investing immensely to find new commercial avenues for their product segments via strategic partnership and collaborations.

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Some of the major factors that drive the demand for 3D printing material includes expiration of key patents for 3D printers, availability of cheaper 3D printers, ease in prototype development, core and mold manufacturing, along with reduced complexities in manufacturing products or parts. However, factors such as toxicity to human beings and flora and fauna coupled with high cost of materials are expected to hamper the market growth during the forecast period. Growth in research and development, increasing industry collaboration, and increase in number of end-user industry will provide significant opportunities to the industry players across the value chain.

According to Eswara Prasad, Team Lead Chemical Research at AMR, “Ease of manufacturing and adoptability of bio-materials for printing are the key factors resulting in significant upsurge in demand for 3D printing materials.”

In 2015, Polymers was the largest material segment in the global 3D printing materials market. However, metals segment is expected to witness highest CAGR of 24.4% during the forecast period owing to growing penetration in industries such as aerospace and defense, healthcare, industrial sector, and others. Growth in investment towards research and development, towards material innovation and development of low cost printers is expected to fuel the demand phase of the 3D printing materials market

In 2015, automotive was the leading end-user segment with around one-fifth revenue share followed by healthcare and industrial sector. In automotive industry 3D printing material is primarily used for prototype development along with core and mold manufacturing.

In 2015, North America accounted for almost half of the global demand for 3D printing material and is expected to maintain its lead position throughout the forecast period. Asia-Pacific is projected to be the fastest growing region, with a CAGR of 19.1% during the forecast period owing to the economic and industrial developments happening in the emerging economies.

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Key findings of the 3D Printing Materials Market

1. Aerospace & defense market revenues are expected to witness highest CAGR of 19.6% during the forecast period.
2. Automotive and consumer product end-user segments together accounted for 40% of the global market in 2015
3. Polymers and metals segments together accounted for more than 90% market share in 2015.
4. Automotive is the largest end user segment with around one-fifth market share in 2015.
5. U.S. was the largest market in terms of demand for 3D printing materials in 2015.
6. Powder form materials are expected to grow at a high CAGR of 19.7% during the forecast period

Major players in the industry are investing significantly on research and development to launch new materials for commercial applications at low cost. Key companies profiled in this report include 3D Systems Corp., Arcam AB, Arkema S.A., Royal DSM N.V., Exone GmbH, Stratasys Ltd., CRP Group, Envisiontec GmbH, EOS GmbH Electro Optical Systems, and LPW Technology Ltd.

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About Us

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals.

Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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Claddings Market Dynamics, Drivers, Key Indicators and Insights

According to Allied Market Research, Titled, global claddings market size was estimated to be $166,026 million in 2015 and is expected to reach $262,381 million by 2022 growing at a CAGR of 6.7%.

Cladding is defined as a non-loadbearing skin or layer attached to the outside or inside of a building and includes all moisture barriers and siding materials used to cover the exterior of a structure. It is one of the key components where certain material layer is added to provide high performance outer envelope, as well as enhance and transform the existing constructions. Cladding systems are versatile, long lasting, and save energy. They are designed to meet the most demanding aesthetic and functional requirements. Careful assessment and prioritization of each of these roles for each orientation of the building is involved when before any cladding system is finalized.

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The key players in the market focus on collaborations, partnerships, and product developments to remain competitive in the market. Some of the key players in the claddings market include Acme Brick Company, Alcoa Inc., Axiall Corporation, Boral Limited, CSR Limited, Etex Group, Armstrong Metalldecken AG, James Hardie Plc, Nichiha Corporation, and Tata Steel Limited.

The global claddings market is segmented based on component type, material type, end-use sector, and by geography. Based on the component type, the claddings market is segmented into walls, roofs, doors & windows, and others. Walls are the most dominant component type accounting for around 63.1% of the overall market in 2015. The wall cladding segment is projected to grow at a CAGR of 7.1% during the forecast period. In most cases it is designed to be permanent and provide benefits, such as insulation and waterproofing.

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By Component Type

Walls
Roofs
Windows & doors
Staircase
Others

By Material Type

Masonry & concrete
Brick & stone
Stucco & EIFS
Fiber cement
Metal
Vinyl
Wood
Others

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Natural Stone Market Trends and Opportunities by 2030

Natural Stone Market by Type (Marble, Granite, Limestone, and Others), Application (Flooring, Memorial Arts, Wall Cladding, and Others), and Construction Type (New Construction and Renovation): Global Opportunity Analysis and Industry Forecast, 2021–2030

Natural stones are used for building purpose and construction of monuments. They have features such as superior aesthetic, hydraulic binding, and decorative properties. It plays a vital role in improving the visual appeal of commercial buildings and infrastructure through innovative steps and flooring solutions.

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Leading Players:

The key players profiled in the report include Aro Granite Industries Ltd., Dimpomar, Dermitzakis Bros S.A., Levantina y Asociados de Minerales, S.A., MARGRAF, Mumal Marble, Polycor Inc., Temmer Marble, Topalidis, and Xishi Stone Group.

BY TYPE
- Marble
- Granite
- Limestone
- Others
BY APPLICATION
- Flooring
- Memorial Arts
- Wall Cladding
- Others

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The natural stone market is segmented on the basis of type, application, construction type, and region. On the basis of type, the market is segregated into marble, granite, limestone, and others. The granite segment dominated the market in 2020. The applications covered in the market include flooring, memorial arts, wall cladding, and others. The flooring segment held a major market share in 2020. Based on construction type, the market is bifurcated into new construction and renovation. Renovation segment is expected to grow at a highest rate during the study period. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region dominated the market in 2020.

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Craft Spirits Market to Witness Huge Growth by Key Players: Bacardi, Distell, Eden Mill

The craft spirit market is the domestic production of liquor. Liquor is produced through the process of distillation and fermentation. Craft spirits are produced in a specific production volume, which is usually below 750,000 gallons. To produce craft spirits, one must have a distiller’s license, specifying the production volume and independent operation, with operational control from an alcoholic beverage industry player. In the U.S., approved label by the Alcohol and Tobacco Tax and Trade Bureau (TTB) is required to get certified to produce craft spirits.

Furthermore, craft spirits are of different types and include Vodka, Whiskey, Rum, Gin, Brandy, and others. Whiskey, among all, is the most consumed variety of craft spirits. It is followed by gin, vodka, and rum. The U.S. is the largest market for this product, followed by Europe over the past few years. While the economically developing nations are likely to gain traction over the forecast period because these countries are not explored properly and thus, offer huge growth prospects for the players in this market.

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Companies covered: Pernod Ricard, Bacardi, Distell, Anchor Brewers & Distillers, Chase Distillery Ltd., William Grant & Sons, Diageo Plc, Woodinville Whiskey, Rémy Cointreau, House Spirits, East London Liquor Company, Sibling Distillery, Asheville Distilling Company, Eden Mill, Constellation Brands, Masons Yorkshire Gin, and Copper Fox Distillery.

COVID-19 Scenario Analysis:

The COVID-19 outbreak has affected the craft spirits market globally.
The lockdown situation has shut all the industries due to which the production is affected.
All the bars, restaurants, pubs, liquor stores, in almost all the countries have been shut, disrupting the sales volume and frequency of the craft spirits.
The alcoholic drinks are a major source of revenue for most of the countries. But, as the alcohol products do not come under the list of the essential items made by the government amid the Corona pandemic, it has given a massive blow to the sales of alcohol.
Also, trade activities are at a halt, again affecting the imports and exports of alcoholic beverages.
Besides this, the lockdown was lifted in a few countries, and liquor shops were being opened, thereby increasing the sales and production of craft spirits.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
A large demographic section of the consumers of craft spirits is visiting restaurants and pubs frequently, driving the sales of the craft spirits. Also, the major share of consumers in this market are the millennials. A large section of the millennial population comprises of employed consumers who have significant purchasing power. While the other half has reached the Legal Drinking Age (LDA). Thereby, this segment of the population is driving the global craft spirits market exponentially. Along with this, the changing lifestyle of people, increase in personal disposable income, consumer awareness, improving living standards, increasing investments in R&D, and product diversity also triggers the growth of the global craft spirits market.

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However, stringent government regulations in a few regions, rise in taxes, climatic changes, and availability of cheap substitutes restrict the growth the growth of the market. Also, high consumption of craft spirits leads to numerous health risks such as heart diseases, liver diseases, and even cancer. In addition to this, several activists and organizations are spreading awareness among people about the adverse effects of alcohol consumption, which can impede the demand for craft spirits globally.

Many players use large distillers for the production of craft spirits because they reduce the cost of production. In this case, a growing merger and acquisition activities and expansion of the portfolio will act as a huge opportunity for market growth. Also, simplified registration and a hassle-free approval process coupled with supportive policies motivate significant investments in this industry.

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The Global Crafts Spirits Market Trends are as follows:

Substantial Growth of Crafts Gin Segment:
Owing to the rise in consumer demand, the Gin segment of craft spirits is gaining traction over the past few years. This rise in demand is due to the unique taste, texture, and flavor of the juniper berries. Gin distillers produce innovative products by focusing on different ingredients, like almond, grape, lemon, orange peels, saffron, coriander, spices, and cinnamon. In this way, they are enhancing the flavor and taste if the product.

Adoption of Automation:
Craft spirits manufactures are replacing manual tasks and taking up automation for the manufacturing process. Manual tasks can lead to significant product loss and due to human errors. Tasks like manual filling and labeling are being replaced with the automation process and increasing efficiency. The development of the manufacturing processes into automation is likely to boost sales for the global market of the craft spirits.

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New Product Launches:
The vendors of craft spirits are continuously operating to launch new and unique products. This perpetual launch of new craft spirits, with different flavors and taste, will tip the scales of craft spirits in their favor in the coming years. Growing popularity of the product attracts international players to increase their portfolio and acquire small distilleries operating at the local level. This has intensified the competition of the craft spirits market, globally.

Key Benefits of the Report:

This study presents the analytical depiction of the global craft spirits 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 global craft spirits market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global craft spirits market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

About Allied Market Research:

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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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.

Water Soluble Polymer Market Growth Strategies by Type, Application, Geography, Forecasts 2018-2025, North America to see 6.5% CAGR

The Allied Market Research says that, Global Water soluble polymer market size was over $33.10 billion in 2017 and is expected to reach $52.74 billion by 2025, growing a CAGR of 6.0% from 2018 to 2025.

Asia-Pacific dominated the market in 2017, reaping about 41% share of the total revenue, owing to rapid economic developments and high growth of pharmaceutical products. However, North America is expected to manifest the fastest CAGR of 6.5% during the study period, owing to rapid urbanization and growth in consumption of processed food and pharmaceutical products in the U.S. and Mexico. The other regions analyzed in the report include Europe and Latin America, Middle East and Africa (LAMEA).

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Increased demand for water-soluble polymer in water treatment and enhanced oil recovery plants drives the growth of the global water soluble polymer market. However, constantly increasing prices of water-soluble polymers hampers the market growth. On the contrary, increasing demand from emerging economies in the Asia-Pacific region is expected to present lucrative opportunities for the market players in future.

Detergents & household products segment is expected to register the fastest CAGR of 6.5% during the study period, owing to increasing demand for FMCG products and growing per capita income in emerging economies. However, the petroleum segment held the largest share in 2017, contributing about 24% of the market revenue, owing to increase in crude oil production across the globe, which requires enhanced oil recovery operations. The other segments analyzed in the report include water treatment, paper making, and others.

The polyvinyl alcohol segment held the largest share in 2017, contributing more than one-third of the total revenue, owing to its increasing consumption in various end-user industries such as textiles and pharmaceuticals. However, the guar gum & derivatives segment is expected to portray the fastest CAGR of 6.5% during the forecast period, owing to increasing product demand from end-user industries such as paper & pulp and oil & gas. The other types of water-soluble polymers analyzed in the report include polyacrylamide & copolymers, casein, gelatin, polyacrylic acid & copolymers, and others.

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The leading market players analyzed in the report include The Dow Chemical Company, Ashland, Kemira, Kuraray Co., Ltd., Mitsubishi Chemical Holdings Corporation, BASF SE, SNF Group, J.M. Huber Corporation, Barzaghi Srl, and Gelita AG.

COVID-19 impact analysis

The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.

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Geogrid Market is driven by increasing infrastructure development activities in the countries such as U.S., China, India, Japan, and other

According to the research report published by Allied Market Research, Geogrid market generated $0.8 billion in 2018, and is estimated to reach $1.8 billion by 2026, registering a CAGR of 9.9% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.

Based on region, Asia-Pacific contributed to the highest share, accounting for more than two-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period. This region is also a fastest growing segment, registering a CAGR of 10.1% from 2019 to 2026.

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Increase in the infrastructure development activities and superior properties associated with geogrid drives the growth of the geogrid market. However, lack of skilled workforce may hinder the market growth. On the other hand, surge in awareness and rise in number of R&D activities create new opportunities in the coming years.

The report offers a detailed segmentation of the global geogrid market based on application and region. Based on application, the road industry segment contributed to the largest share in 2018, accounting for more than one-third of the total share, and is estimated to maintain its dominant position during the forecast period. However, the soil reinforcement segment is expected to register the highest CAGR of 10.2% from 2019 to 2026.

Key Market Players

ACE GEOSYNTHETICS
GLEN RAVEN INC.
HUESKER SYNTHETIC GmbH
LOW & BONAR PLC
MACCAFERRI GROUP – SECI SPA
NAUE GmbH & CO. KG
TENAX SPA
KONINKLIJKE TEN CATE BV
TENSAR CORPORATION
WREKIN PRODUCTS LTD.

By Application

1. Road Industry
2. Railroad Stabilization
3. Soil Reinforcement
4. Others

Covid-19 scenario:

1. During the coronavirus pandemic, the revenue generated from soil reinforcement for geogrid market will be reduced for few months, however, will rebound quickly.
2. Investors who seek more safety during the economic turbulence are unable to continue their projects, and will hold all the projects until the lockdown is dismissed.
3. The migration of employees and laborers to their own countries will impact on the process.

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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. 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 to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Alcoholic Beverages Industry is Expected to Grow with High Probability Business Opportunity by 2025

According to a new report published by Allied Market Research titled, Alcoholic Beverages Market, the alcoholic beverages market was valued at $1,438 billion in 2017, and is projected to reach $1,684 billion by 2025, growing at a CAGR of 2.0% from 2018 to 2025. In 2017, Asia-Pacific dominates the alcoholic beverages market in both volume and value terms, and is expected to continue leading the market through 2025.

Alcoholic beverages are portable drinks, which have quenching, refreshing, and stimulating qualities. They contain ethanol, yielded from fermentation of grains, fruits, or other sugar sources. They supply calories but few essential nutrients, though moderate consumption may have beneficial health effects in some individuals. They are segmented based on their type, which include beer, wine, and others. These types have different methods of preparation, and are characterized by different effects and tastes. They have a prolonged effect on the human brain on which it exerts a depressant action. On a global level, beer from cereal grains, wine from grapes, and other distilled beverages are sold as commodities. The pricing of these beverages is essentially determined by the cost of production and the duties levied on those costs. The effects of prices as measured with price elasticities differ both, across countries and different time periods.

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Increase in global young adult demographic coupled with high disposable income significantly contributes towards the growth of the global alcoholic beverages market. However, high cost of premium/super premium products and upsurge in demand for non-alcoholic beverages, owing to health concerns are expected to hamper the market growth during the forecast period. In addition, taxations and higher excise duties on imported as well as local alcoholic beverages also inhibits the market growth. On the contrary, introduction of healthier varieties of beer and spirits is expected to offer lucrative opportunities for alcoholic beverages market players.

The beer segment held over two-fifths of the alcoholic beverages market share in 2017, in value terms, and is expected to maintain its dominance during the forecast period, owing to high consumption globally. Many brands are now experiencing tremendous success due to the rise in the disposable income and changes in consumer lifestyle. Matured market players have turned their focus on low-calorie beer as well. However, the distilled spirits segment is expected to grow with a faster rate, due high demand for premium/superpremium brands of liquor.

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On the basis of the distributionchannel, the market is segmented into convenience stores, on premises, retailers, and supermarkets. Due to the evolution of supermarkets and changes in consumer preferences, alcoholic beverages of all kinds and varieties including all brands and qualities are commercialized in supermarket under the permission of governing bodies. With all such varieties sold in supermarket, people can select from a wide range and also get premium products, which are not always available in the local stores. Thus, the supermarket segment dominated the global alcoholic beverages market, with nearly one-fourth share, in terms of volume. Apart from this, increase in demand for off-premises consumption of alcohol brands, such as whiskey, beer, vodka, and wine, is anticipated to drive the alcoholic beverages market growth. The demand for these beverages has changed in the last few years, considering the on/off premises consumption trends. The increase in number of younger population and change in preference (to visit bars and restaurants) of the consumers makes way for the growth of the distribution channel segment.

Key Findings for the Alcoholic Beverages Market:
Beer segment dominated the global alcoholic beverages market with approximately 50% of market share and is expected to grow at a CAGR of 1.8% during the forecast period.
Sparkling wines occupied one-third of global wine market segmented under global alcoholic beverages market and is expected to grow at a CAGR of 1.9%.
In terms of value, the distilled spirits segment inalcoholic beverages market is expected to grow at a CAGR of 2.3% during the forecast period.
The Whiskey sub segment dominates the distilled spirits segment under alcoholic beverages market and is expected to retain its dominance throughout the forecast period, with CAGR of 1.8%.
Europe is expected to grow at a CAGR of 2.3% during the forecast period, owing to increase in alcohol drinking demographics.
In Asia-Pacific, India is estimated to grow at the highest rate, in terms of value, growing at a CAGR of 2.3%.
By distribution channel, liquor stores occupied around one-fourth of the global alcoholic beverages market share in 2017, in value terms.
China accounted for around 40% of the Asia-Pacific alcoholic beverages market in 2017, and is expected to grow at a significant CAGR of 2.1%, in terms of value.

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In 2017, Asia-Pacific and Europe collectively accounted for over half of the global alcoholic beverages market share. However, Europe is expected to grow at a faster rate during the forecast period.

The major companies profiled in the report include Anheuser-Busch InBev SA/NV, Bacardi Limited, Beam Suntory Inc., Constellation Brands Inc., Diageo Plc., Heineken Holding NV, Molson Coors Brewing Co., Pernod Ricard SA, SABMiller Ltd., and United Spirits Ltd.

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Balsa Core Materials Market to see 4.8% CAGR from 2018 to 2025. Asia-Pacific will drive the global industry

Allied Market Research Says that, Balsa Core Materials Market was over $199 million in 2017, and is projected to surpass $291 million by 2025, growing at a CAGR of 4.8% from 2018 to 2025. Asia-Pacific dominated the global market, accounting for approximately 40% share in 2017.

In 2017, Europe and Asia-Pacific collectively accounted for more than 67% of the global balsa core materials market, in terms of value. The development of the shipping industry is one of the major trends responsible for the growth of the European balsa core material market. Furthermore, increase in trade activities through sea is projected to boost the demand for balsa core materials, thereby driving the growth of the market. Rise in investment in the construction and automotive industries is anticipated to further drive the market growth.

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Balsa Core Materials Market Size is set to experience a substantial boom during the period 2028 to 2025. Balsa core is the most commonly used end-grain wood core, which possesses high strength and stiffness to weight ratio. It offers advantages such as superior fire resistance, high sheer strength, wide operating temperature, and enhanced thermal & acoustic insulation. Increase in demand for lightweight materials in a wide range of end-use industries such as marine, aerospace, and construction is expected to fuel the market growth during the forecast period. However, minimum density and ability to absorb large amount of resins during lamination hamper the adoption of global balsa core materials, thereby restraining the market growth.

Companies such as Schweiter Technologies and BCOMP Ltd. have significantly contributed to the growth of the European balsa core materials market. For example, BCOMP Ltd. is involved in the development, manufacturing, and distribution of composite materials produced from natural fibers. In Asia-Pacific, development of the marine and wind power industries drives the growth of the market. Furthermore, upsurge in demand for balsa core materials across various industry verticals such as marine, wind power, construction, automotive, and furnishing boosts the market growth. Major economies, including, India, China, Japan, Korea, and Australia have contributed to the growth of the

Balsa core materials are available in two types, monolayer and multilayer. The multilayer segment accounted for a significant share in 2017, and is expected to witness high growth rate during the forecast period, owing to higher energy absorption property of multilayer as compared to monolayer materials.

The wind energy segment accounted for a significant share in 2017, and is anticipated to maintain its dominance during the forecast period, due to rise in adoption of lightweight materials in wind energy applications worldwide.

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By End Use Industry

Wind Energy
Aerospace
Marine
Transportation
Construction
Others

Balsa core is considered as an economical substitute to higher priced foam cores, which is expected to augment the balsa core materials market growth. Moreover, surge in preference for balsa core materials is expected to increase in Asia-Pacific, owing to increase in wind turbine installations.

The major companies profiled in this balsa core materials market are DIAB, Schweiter Technologies, BCOMP LTD., Carbon-Core Corp, Gurit Holding AG, Evonik Industries AG, I-Core Composites, LLC, CoreLite Inc., BONDi (Shandong) Environmental Material Company Limited, and Nord Compensati Spa.

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Wood Coatings Market

Wood Coatings Market is expected to expand significantly during 2021-2025, led by North America, and Asia Pacific

According to the research report by Allied Market Research, the wood coatings market was over at $7.80 billion in 2018 and is projected to reach $11.98 billion by 2025, registering a CAGR of 6.3% from 2020 to 2025.

The market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region held the lion’s share in 2018, contributing more than half of the market share. However, the market across North America is expected to register the fastest CAGR of 6.8% during the forecast period.

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Region wise, Asia-Pacific accounts for the major share in the global wood coatings market, owing to increase in demand for wood coatings from emerging application sectors, including furniture, joinery, flooring, and others. Owing to the advantages of wood coatings such as enduring surface finish, solvent & scratch resistance, resilience to UV light damage, resistance to general wear & tear, quick drying, superior sanding, and multi-coat & smooth finish application, the demand for wood coatings in the construction and furniture industries is expected to increase considerably.. In addition, cabinets are storage compartments, which comprise doors and drawers. They are either built on a platform or are attached to the wall, and are made from wood. Coatings with lower or no content of VOCs are gaining high importance in the coatings market.

Global wood coatings market is categorized on the basis of type, technology, end user, and geography. based on type, the market is segmented into polyurethane, nitrocellulose, acrylic, unsaturated polyester, and others. The polyurethane segment dominated the market in 2018, accounting for around two-fifths of the market and is expected to continue its dominance through 2025. However, the nitrocellulose segment is projected to manifest the fastest CAGR of 6.7% during the forecast period.

On the basis technology, the wood coatings market is divided into waterborne, conventional solid solvent borne, high solid solvent borne, powder coating, radiation cured, and others. The waterborne segment is estimated to register the fastest CAGR of 7.0% through 2025. However, the conventional solid solvent borne segment held the largest share in 2018, contributing nearly one-third of the market.

Rise in construction activities and increase in demand for furniture and joinery have boosted the growth of the global wood coatings market. However, volatility in raw materials cost & availability and harmful impact of VOCs present in the coating hamper the growth of the market. On the contrary, advancement in coating technology and surge in use of radiation cure coating are expected to create lucrative opportunities in the near future.

BY TECHNOLOGY

1. Waterborne
2. Conventional Solid Solvent Borne
3. High Solid Solvent Borne
4. Powder Coating
5. Radiation Cured
6. Others

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Based on end user, the wood coatings market is divided into furniture, joinery, flooring, and others. The furniture segment held the largest share in 2018, accounting for nearly three-fifths of the market. However, the joinery segment is projected to portray the fastest CAGR of 6.6% during the forecast period.

The market wood coatings market offers in-depth analysis of the market players such as Axalta Coatings Systems, Akzo Nobel N.V., DowDuPont, BASF SE, Kansai Paint Co., Ltd., Eastman Chemical Company, PPG Industries Inc., Nippon Paints Holdings Co. Ltd., Sherwin Williams Company, and RPM International Inc.

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