A Market Place Research – Page 2780

Cobalt Alloy Powder Market is expected to expand significantly during 2021-2030, led by North America, Asia Pacific, Europe

According to the research report published by Allied Market Research, the global cobalt alloy powder market was over $259.1 million in 2020 and is expected to exceed at $490.9 million by 2030, registering a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Based on region, the market across North America held the major share in 2020, garnering nearly two-fifths of the global market. Simultaneously, the Asia-Pacific region would manifest the fastest CAGR of 9.6% throughout the forecast period. The other provinces discussed in the report include Europe and LAMEA.

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Cobalt Alloy Powder Market growth is driven by rising demand for cobalt in the automotive and tooling industry and rapid development of 3D printing. Based on application, the additive manufacturing and 3D printing segment held the major share in 2020. By region, on the other hand, the market across Asia-Pacific would manifest the fastest CAGR by 2030.

By Application

Additive manufacturing and 3D printing
Brazing
Metal Injection Molding
Plasma and Thermal spray application
Others

Based on application, the additive manufacturing and 3D printing segment contributed to nearly half of the total market revenue in 2020, and is projected to lead the trail by 2030. The brazing segment, however, would exhibit the fastest CAGR of 7.7% during the forecast period.

The global cobalt alloy powder market is analyzed across product, application, and region. Based on product, the CoCr alloy powder segment accounted for more than two-fifths of the total market share in 2020, and is expected to rule the roost by 2030. The CoCrMo alloy powder segment, on the other hand, would garner the fastest CAGR of 7.2% throughout the forecast period.

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COVID-19 scenario-

Loss of man power and shut down of the majority of industries across the globe led to a sharp decline in demand for cobalt alloy powder based products from the manufacturing industries, especially in the initial phase. This factor impacted the global cobalt alloy powder market negatively.
Nevertheless, the overall situation is now getting ameliorated, and the market is anticipated to recoup soon.

The key market players analyzed in the global cobalt alloy powder market report include Eramet, Freeport Cobalt Americas LLC, Sherritt International, Minara Resources Pty Ltd., Mitsui, Norilsk Nickel, Sandvik Materials Technology, Shepherd chemical company, Sumitomo Corporation, and Umicore- Cobalt & Specialty Materials. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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About Us:

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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Small Modular Reactor Market Size Will Grow at a Robust Pace through 2030

The global small modular reactor market is projected to reach $18.8 Billion by 2030, growing at a CAGR of 15.8%. Primary differences in small modular reactors (SMRs) in comparison with larger nuclear power plants are their low power output (typically below 300 MWe per unit), modularity, and integrated design. Older generation of nuclear power plants are large in size and require huge amount of capital and construction time. Locations far away from large power grid systems find it difficult to install nuclear reactors. Hence, setting a nuclear reactor is not feasible in remote locations, thus paving for development of smaller nuclear reactors. They have smaller foot prints and as they are prefabricated in factories, constructing them take less time and cost.

In addition, SMRs can be readily installed in brownfield sites in place of decommissioned coal-fired plants. Thus, retrofitting is possible in case of SMRs. Growing global demand for electricity, flexibility of SMRs with respect to size and power output are some of the drivers responsible for global small modular reactor market growth.

With rise in emphasis on achieving political and technological solutions to climate change, many experts in the global community are turning their focus to virtually emissions-free power produced by nuclear reactors. Therefore, continuous development of small modular reactors (SMRs) offers a potential opportunity to overcome many hindrances presented by larger nuclear power plants, including high costs, complex supply chains, large physical infrastructure, and unsuitability in harsh environments, such as the Arctic.

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On the other hand, a negative sentiment around the safety of nuclear energy and more focus on wind and solar energy generation are key hindrances to the global small modular reactor market.

The global small modular reactor market is segmented into reactor type, location, application, and region. On the basis of reactor type, the market is segmented into heavy water reactor (HWR), light water reactor (LWR), fast neutron reactor (FNR), and Others. By application, it includes desalination, power generation and process heat. On the basis of the application, the power generation segment accounted for the largest small modular reactor market share in 2020, and is projected to grow at the highest CAGR of 16.3% during the small modular reactor market forecast region.

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On the basis of region, the global market is segmented into North America, Europe, Asia-Pacific, and LAMEA. U.S. accounted for the largest share of the market in 2020 as well is the fastest growing region, owing to presence of well-established SMR manufacturers such as NuScale Power and General Electric. It has various small modular reactor industry.

Key players engaged in the small modular reactor market include Brookfield, Fluor Corporation, General Atomics, General Electric, Holtec International, Mitsubishi Heavy Industries, Rolls Royce Plc, TerraPower LLC, Terrestrial Energy, and X Energy LLC. Agreement was the key strategy adopted by players such as Rolls Royce and General Electric. The report outlines the current small modular reactor market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets. Small Modular reactor market analysis is done by studying the various drivers, restraints, and market opportunities.

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Impact Of Covid-19 On The Global Small Modular Reactor Market

The COVID-19 pandemic has put more focus on nuclear energy technology such as the small modular reactor market which helps in boosting the global small modular reactor market.
However, due to the pandemic, travel restrictions and lockdown measures were imposed to curb the COVID-19 infection. This impacted the operations of nuclear energy plants.
The pandemic also caused lack of workforce.

About us:

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.

U.S. Infant and Kids Probiotics Market to Generate $215.87 Million by 2026, with a CAGR of 7.9%

According to a new report published by Allied Market Research, titled, “U.S. Infant and Kids Probiotics Market by Form, Distribution Channel and Age Group: Opportunity Analysis and Industry Forecast, 2019–2026,” the U.S. infant and kids probiotics market size was valued at $119.86 million in 2018 and is projected to reach $215.87 million by 2026, growing at a CAGR of 7.9% from 2019 to 2026. The liquid segment was the highest contributor in the market and accounted for approximately 34.8% of the total U.S. infant and kids probiotics market share in 2018.

Probiotics are microorganisms (live bacteria) present in and on our bodies and have an advantageous effect on our health, such as prevention from diarrhea, eczema, colic, and other such health conditions. There are many different beneficial species (or strains) of bacteria in the human digestive tract (also known as the gut or intestine). Probiotics help maintain a healthy gut in infants and promote overall health & wellness. Consumers in the U.S. have become far more open-minded towards kids’ health and wellbeing, with regard to alternative therapies such as probiotics. The country has many small probiotic distributors, however only a limited number of fermentation facilities. The primary probiotics available in the U.S. include preparations containing Lactobacillus, Bifidobacterium, Streptococcus, and Saccharomyces boulardii. Probiotics for infants and kids are available in several forms, which include powder, liquid, chewable, and others which result in the growth of U.S. infant and kids probiotics market.

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Rise in number of millennial parents in the U.S. is one of the main factors that drives the demand for probiotics for infant and kids, owing to their different approach to parenting than the previous generations. They have a definitive perspective on what is important in products and brands they buy for themselves as well as their kids. Furthermore, they are also open to newer healthy product options as long as they are well regulated and provide abundant nutrition to infants. This change in consumer behavior and preference drives the growth of the U.S. infant and kids probiotics market. In addition, innovations in the field of probiotics, including the development of vegan friendly, non-GMO, and sugar-free products, enable manufacturers to meet the rise in demand of health-conscious parents which also result in the U.S. infant and kids probiotics market growth. For instance, the baby probiotics brand Culturelle has a probiotic supplement Calm + Comfort (Probiotic + Chamomile Drops), which is said to help reduce “fussiness and crying among babies” by supporting baby’s digestive health and offering relief from occasional digestive upset. It also comprises of Lactobacillus rhamnosus GG as the probiotic ingredient. This product formulation claims help attract consumers who pay high attention to ingredients and seek quality products.

However, lack of awareness among consumers regarding the effectiveness of infant probiotics is expected to hamper the growth of the market. The lack of complete knowledge among parents regarding the use and benefits of probiotics for kids can cause potential drawback for the U.S. infant and kids probiotics market.

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The U.S. infant and kids probiotics market analysis is carried on the basis of form, distribution channel and age group. Based on form, the market is classified into liquid, powder, chewable and others. on the basis of distribution channel, the market is bifurcated into retail pharmacies/drug stores, departmental stores, supermarket/hypermarket and e-commerce. Based on age group, the marked is categorized into baby/infant (0-2 years) and kids (2-6 years).

Key findings of the study

Based on form, the liquid segment accounts for the largest share in the baby food market in 2019, however the chewable segment is expected to grow at the fastest CAGR of 8.9% during the U.S. infant and kids probiotics market forecast period.
Based on distribution channel, the retail pharmacies/drug stores segment accounts for the larger market share in 2019, while the e-commerce segment is expected to experience growth at the fastest CAGR of 10.7% during the forecast period.
Based on age group, the baby/infant segment accounts for the larger market share in 2019, however the kids segment is expected to experience growth at the fastest CAGR of 9.2% during the U.S. infant and kids probiotics market forecast period.
The key players operating in the U.S. infant and kids probiotics industry include Gerber Products Company, BioGaia, Metagenics, Inc., i-Health, Inc, Church & Dwight Co., Inc., LoveBug Nutrition Inc., FIT-Bioceuticals ltd., NOW Foods, Mommy’s Bliss, and Mama’s Select.

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Prebiotics Ingredients Market Expected to Reach $14,313.3 Million by 2031

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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 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.

Singapore Bunker Fuel Market In-depth Analysis by Statistics and Outlook 2030

The Singapore bunker fuel market is projected to reach $24.5 billion by 2030, growing at a CAGR of 3.5% from 2021 to 2030. Rise in offshore exploration & production (E&P) activity and increase in seaborne trade across the Asia-Pacific region are the factors that drive the growth of the Singapore bunker fuel market during the forecast period. In addition, IMO’s regulations of sulfur cap for marine fuels are also expected to drive the growth of the bunker fuel market during the analyzed time frame.

Moreover, increase in utilization of LNG as a marine fuel is anticipated to fuel the growth of the Singapore bunker fuel market from 2021 to 2030. High investment cost involved in development of bunker fuel infrastructure and regulatory framework is anticipated to hamper the growth of the bunker fuel market. In addition, rapid growth of bunkering ports in Asia-Pacific region with the availability of compliant marine fuel is further expected to restrain the growth of the Singapore bunker fuel market in the upcoming years.

Bunker fuel is a type of fuel oil that is used abroad/marine vessels. It is poured into ship’s bunkers to power its engines. Bunker fuel gets its name from tanks on ports and in ships that it is stored in. Previously, they were known as coal bunkers, but now they are called as bunker fuel tanks. Bunker fuels are used to power their motors, engine, drive, and other equipment in the marine vessels. With the implementation of IMO-2020 regulations on sulfur content in the marine fuel from January 2020, there is increase in attention toward utilization of low sulfur fuel oil from key players operating in this market. However, heavy fuel oil or high sulfur fuel oil can be used on the ships where scrubbers are installed.

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Depending on type, low sulfur fuel oil (LSFO) segment held the highest market share of around 72.16% in 2020, and is expected to maintain its dominance during the forecast period. This is owing to rise in demand for marine fuel from shipping companies and implementation of IMO 2020 i.e., the use of low sulfur fuel oil (<0.5% S content) across the globe.

On the basis of commercial distributor, oil majors segment holds the largest market share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to dominance of oil majors in the crude oil tanker chartering business across the globe. In addition, developments adopted by oil majors in the bunker fuel industry such as product launch, agreement, and others are further anticipated to drive the growth of the market during the analyzed timeframe.

On the basis of application, container segment holds the highest market share, in terms of revenue, and is anticipated to maintain its dominance in the coming years. This is owing to increase in demand for cargo transportation through ships and rise in trade-related agreements. In addition, rise in number of manufacturing units and factories in the region such as Asia-Pacific is anticipated to drive the growth of the Singapore bunker fuel market for container shipping in the coming years.

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The Singapore bunker fuel market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include BP Plc., Exxon Mobil Corporation, Equatorial Marine Fuel Management Services Pte. Ltd., Glencore Singapore Pte. Ltd., PetroChina International (Singapore) Pte. Ltd., Royal Dutch Shell Plc., Sentek Marine & Trading Pte. Ltd., SK Energy International Singapore Pte. Ltd., Total Energies, and Vitol Marine Fuels Pte. Ltd.

Other players operating in the value chain of the Singapore bunker fuel market are Global Energy Trading Pte. Ltd., Chevron Singapore Pte. Ltd., Eng Hua Company Pte Ltd., Maersk Oil Trading Singapore Pte Ltd., and others.

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COVID-19 impact on the market:

The demand for marine fuel has decreased, owing to the COVID-19 pandemic across the world. According to the International Energy Agency (IEA), fuel oil demand for end uses including marine bunker, power generation, and industrial uses is expected to decline by 6.3% in 2020. Furthermore, as LNG and crude oil prices declined in the 2nd quarter of 2020, thus, the overall revenue of bunker fuel is likely to diminish in the year 2020. Owing to the implementation of IMO-2020 from January, there is increase in demand for very low sulfur fuel oil, but with the supply chain disruptions there will be ups and down in the low sulfur bunker fuel sales throughout 2020. In addition, high sulfur fuel oil demand has already been collapsed due to IMO regulation along with this COVID-19 pandemic also restrained the Singapore bunker fuel market growth in first 2 quarters of 2020 and increased in the last 2 quarters of 2020. Thus, overall growth of Singapore bunker fuel market seems to be steady in the year 2020.

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Japan Mobile Battery Market Demand & Competitive Analysis by Leading Manufacturers to 2030

The Japan mobile battery market is projected to reach $1.43 billion by 2030, growing at a CAGR of 4.5% from 2021 to 2030. Rise in demand for smartphones from people with below the age group of 30 years in Japan is expected to drive the growth of the market during the Japan mobile battery market forecast period. In addition, increase in use of two mobile phones such as smartphone and feature phones among professionals is further anticipated to fuel the market growth from 2021 to 2030.

However, low penetration of smartphones among people with age above 60 and strong presence of featured phones in Japan is expected to hamper the growth of the market in the coming years. In addition, high concern toward personal & financial security owing to potential risks in online activities in Japan is expected to restrain the growth of the smartphone battery market in the coming years. On the contrary, rise in R&D activities toward increasing battery life and performance is expected to create opportunities for key players operating in the market from 2021 to 2030.

Mobile batteries are the batteries used to provide electric power to mobile phones for its operations. Mobile phones or smartphones became most integral part of everyday life. Mobile phones are not only used for telephonic conversation but also for checking in to places like doctor’s offices, events, movies and accessing maps. For using these above-mentioned features, mobile phones must have a longer battery life in one charging cycle. There are different types of battery chemistries used in the mobile phones which include lithium-ion, nickel based, and other batteries. Among these battery types, lithium-ion batteries are the most widely used in mobile phones.

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Depending on type, lithium-ion battery segment held the highest market share of around 71.9% in 2020, and is expected to maintain its dominance during the forecast period. This is owing to rise in demand for lithium-ion batteries, owing to increase in need for smartphones and incorporation of additional features such as games, camera, music players, and video players, which require more energy due to increased utilization of the processor.

On the basis of application, the smartphones segment holds the largest market share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to consistent growth of smartphones in the Japan mobile industry owing to the rise in demand for smartphones among age group of 18 to 30 years for social media, gaming apps, and others. In addition, rise in replacement of feature phone with smartphones increases the demand for mobile batteries in this segment and thereby is expected to drive the Japan mobile battery market during the analyzed time frame.

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On the basis of sales channel, the offline segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 4.3%. This is owing to key advantages associated with offline distributors such as maintenance & services, replacement, faster problem resolving associated with battery functions and others. In addition, Japanese consumers are conservative and price sensitive as compared to other countries in the region, which resulted in driving the trend toward shopping of key mobile accessories such as mobile batteries, covers and others owing to their faith in offline platform.

The Japan mobile battery market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include Samsung SDI Co., Ltd., Panasonic Corporation, Murata Manufacturing Co., Ltd., EEMB, LG Corporation, Maxell, Ltd., Sunwoda Electronic Co., Ltd., Zhuhai CosMX Battery Co., Ltd., TianJin Lishen Battery Joint-Stock Co., Ltd., and Amperex Technology Limited.

Other players operating in the value chain of the Japan mobile battery industry are DESAY, BYD, TWS, Zhuhai Coslight Battery, China BAK Battery, ENERDEL, and Others.

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COVID-19 impact on the market

The Japan mobile battery market witnessed steady and sluggish growth in 2020, owing to the outbreak of the COVID-19 pandemic. The outbreak has negatively impacted various industries across the Japan. In addition, lack of raw materials, temporary shutdown of battery manufacturing, supply-demand imbalance and others which affected the sales of mobile batteries. This further resulted in restraining the growth of the mobile battery market till the effect of pandemic becomes less. Thus, it is estimated that step-by-step end of the lockdown and vaccination across the country will boost the economy, which, in turn, is expected to fuel the mobile battery market in the Japan in the coming year.

Key Findings Of The Study

In 2020, the lithium-ion battery segment accounted for majority of the market share of the Japan mobile battery market, and is expected to maintain its lead during the forecast period.
In 2020, the lithium-ion battery segment accounted for around 71.9% of the share in the Japan mobile battery market, and is expected to maintain its dominance till the end of the forecast period.
In 2020, the smartphone segment is accounted for 82.6% market share in 2020, and is anticipated to grow at a rate of 4.8% in terms of revenue, increasing its share in the Japan mobile battery market.
Online is the fastest-growing sales channel segment in the Japan mobile battery market, expected to grow at a CAGR of 4.6% during 2021–2030.
In 2020, the offline segment dominated the Japan mobile battery market with more than 53.2% of the share, in terms of revenue.

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Global Fast Casual Restaurant Market supported by a CAGR of 10.6% by 2027

According to a new report published by Allied Market Research, titled, “Fast Casual Restaurant Market by Food Type, Mode of Operation, and Nature: Global Opportunity Analysis and Industry Forecast, 2021–2027,” the global fast casual restaurant market size was $125.6 billion in 2019, and is projected reach $209.1 billion by 2027, registering a CAGR of 10.6% from 2021 to 2027

The concept of fast casual restaurants came into existence in the late 90’s, however it gained much of the traction in 2009. The fast casual restaurants prepare fresh food rather than assembling them as in the case of fast food restaurant. High quality ingredients, locally sourced, fresh, and organic are the some of the many characteristics of the fast food restaurants. Furthermore, the prices of fast casual restaurants are higher than that of fast food restaurants but considerably lower than that for fine dining.

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The increase in number of fast casual restaurants is attributed to changes in consumer preferences toward healthy lifestyle. The significant transition toward healthy, natural, and freshly prepared food provides impetus to the fast casual restaurant industry. Fast casual restaurants incorporate freshly prepared, minimally processed food in their menu. Furthermore, these restaurants are gaining much traction owing to innovative offerings they provide. For instance, Panera Bread, one of the leading fast casual restaurant chains in the U.S. offers diverse menu including but not limited to low-fat and gluten-free items. Furthermore, weight conscious consumers can opt for half a portion of meal or customize to thinner type of bread. This option of healthy customizations offered by fast casual restaurants drives the fast casual restaurant market growth.

Uncertainties about current and future economic conditions might dissuade foot fall amongst such restaurants. The Covid-19 outbreak has resulted in widespread economic crisis around the world. Rise in unemployment and high prices are expected to act as major challenges for the engaged stakeholders. Fast casual restaurants provide fresh and healthy food coupled with natural offerings, which make way for additional cost. High cost as compared to its counterparts such as quick service restaurants might limit the target audience.

The fast casual restaurant market is segmented into food type, mode of operation, nature and region. By food type, the fast casual restaurant market is classified into burger/sandwich, pizza/pasta, Asian/Latin American Food, chicken, and others. By mode of operation, it is bifurcated into dine in and takeaway. By nature, the market is divided into franchised and standalone. By region, the fast casual restaurant market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Findings Of The Study

By region, North America dominates in terms of fast casual restaurant market share and is expected to retain its dominance during the forecast period.
By food type, the Burger/Sandwich segment led in terms of market share, in 2019; however, Pizza/Pasta segment is expected to gain market share in the upcoming years
By mode of operation, the dine-in segment accounted for about two-third share of the fast casual restaurant market in 2019; however, the takeaway segment is poised to grow at highest CAGR during the forecast period.
By nature, the standalone segment is expected to gain market share in the upcoming years and is estimated to grow at a CAGR of 12.5% during the fast casual restaurant market forecast period.
By region, Asia-Pacific is anticipated to grow with robust CAGR of 13.7% during the forecast period.

Some of the key players analyzed in fast casual restaurant market analysis includes Chipotle Mexican Grill, Erbert & Gerbert’s Sandwich Shop, Panda Restaurant Group, EXKi SA, Zaxby’s corporate, Five Guys Holdings, Inc. (Five guys burger and fries), Roark Capital Group (Wingstop), Tortilla Mexican Grill, Firehouse Subs, and Famous Brands (Gourmet Burger Kitchen).

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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.

Commodity Plastics Market growing CAGR a 6.3% over 2021-2030 with reach 858.4 billion

As per the research report published by Allied Market Research, Global Commodity plastics market was exceeded USD 469.4 billion in 2020, and is expected to cross USD 858.4 billion by 2030, witnessing a CAGR of 6.3% from 2021 to 2030.

Based on region, Asia-Pacific held the highest share in 2020, accounting for more than two-fifths of the total share, and is estimated to maintain its dominance by 2030. Moreover, this segment is projected to manifest the fastest CAGR of 6.7% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.

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Based on type, the polyethylene (PE) segment contributed to the highest share in 2020, accounting for nearly one-third of the total share, and is projected to continue its lead position throughout the forecast period. However, the polyethylene terephthalate (PET) segment is expected to manifest the largest CAGR of 7.5% from 2021 to 2030.

Growth of the packaging industry, high demand for consumer goods, and surge in production of lightweight electric vehicles and metal prices drive the growth of the global commodity plastics market. However, increase in environmental concerns over plastic waste hinders the market growth. On the other hand, untapped potential in developing countries presents lucrative opportunities for the market players in the future.

Based on end-use industry, the packaging segment accounted for the largest share in 2020, holding more than one-third of the total share of the global commodity plastics market, and is projected to maintain its lead in terms of revenue during the forecast period. However, the construction segment is expected to register the highest CAGR of 6.9% from 2021 to 2030.

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Covid-19 Scenario:

Production facilities in commodity plastics have been halted due to lockdown measures, disrupted supply chain, and lack of workforce across the globe. This impacted the production volumes of commodity plastics.
2. The demand from industry verticals such as construction, textiles, and automotive decreased considerably due to disruptions in daily operations during the lockdown. However, the demand is expected to recover during the post-lockdown.
3. Market players have been revising their business strategies to enable continuity and adopt quick-response strategies for recovering the supply chain.

Leading players of the global commodity plastics market analyzed in the research include Exxon Mobil, Sumitomo Chemical, LG Chem, Sabic, The Dow Chemical Company, Sinopec, Ineos, Lyondellbasell, BASF SE, and Formosa Plastics.

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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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Global Noble Gas Market to expand USD 14.0 billion by 2030 | American Gas, BASF, Gulf Cryo, Linde, Praxiar Technology

According to the latest research report published by Allied Market Research, the noble gas market was over USD 8.2 billion in 2020, and is set to surpass USD 14.0 billion by 2030, with an expected CAGR of 5.4% from 2021 to 2030.

Noble gas market report provides an in-depth study of the market dynamics such as drivers, restraints, opportunities, and the current market scenario. The Diacetone alcohol market report also focuses on the subjective aspect of the industry. Furthermore, the study takes in the key findings, in regards to market overview and investment opportunities.

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Based on region, Asia-Pacific, followed by North America, contributed to the highest share in 2020, holding more than one-third of the total share, and is projected to maintain dominance throughout the forecast period. The market across the Asia-Pacific region is anticipated to portray the fastest CAGR of 6.3% during the forecast period.

Noble gas market report provides an in-depth study of the market dynamics such as drivers, restraints, opportunities, and the current market scenario. The Bentonite market report also focuses on the subjective aspect of the industry. Furthermore, the study takes in the key findings, in regards to market overview and investment opportunities.

Surge in demand for noble gas in the healthcare and medicinal industry and rise in usage of noble gas in sectors such as electronics, construction, aerospace, and others propel the growth of the global noble gas market. On the other hand, high price and rapid invention in technologies limit the market growth. On the contrary, rise in demand from the developing markets and rapid innovations for energy-efficient solutions create lucrative market opportunities in the future.

Based on product, the helium segment accounted for the largest market share in 2020, contributing to nearly half of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the Radon segment is projected to witness the fastest CAGR of 8.0% from 2021 to 2030.

Based on end-use, the construction segment contributed to the highest market share in 2020, attributing to more than one-fourth of the total market share, and is expected to dominate the market during the forecast period. On the other hand, the electronics segment is expected to manifest the fastest CAGR of 6.7% from 2021-2030.

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Noble Gas Market By End User

1. Healthcare
2. Electronics
3. Aerospace
4. Construction
5. Energy & Power
6. Others

Key players of the global noble gas market analyzed in the report include Air Products and Chemicals Inc., Air Liquide, Airgas Inc., BASF SE, Gulf Cryo, American Gas, Linde, Royal Dutch Sell PLC, Praxiar Technology, and Ra Gas Company Limited.

COVID-19 scenario:

Since the Covid-19 outbreak, governments imposed restrictions on travel to prevent the spread of the virus, which hampered the transportation system. The closure of different industries due to lack of workforce led to the bankruptcy of several production and manufacturing sectors across the globe.
However, the COVID-19 positively impacted the demand for noble gases, due to the heavy usage of these gases in the healthcare sector. Market players are building additional noble gas production facilities to meet the demand during the pandemic.
In India, large-scale transportation infrastructure projects in developing countries are expected to add to the growth of the global noble gas market.

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About Us

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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Theme Park Vacation Market is projected to reach $74.7 billion by 2026, registering a CAGR of 6.0% from 2021 to 2026

The theme park vacation market has witnessed innovations in themes, which attract consumers of diversified age groups. As a result, theme park have experienced increasing popularity among millennials and generation Z. In addition, use of latest technologies such as artificial intelligence in theme parks is anticipated to boost the growth of the global theme park market in the upcoming years

Theme Park Vacation Market by Type, Age Group, Traveler Type, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global theme park vacation market size was valued at $47.2 billion in 2018, and is projected to reach $74.7 billion by 2026, registering a CAGR of 6.0% from 2019 to 2026. Theme park is as an outdoor attraction, which combines rides, shows, and other relevant activities. Theme parks emphasizes on one central theme around which landscape, shows, architecture, food services, costumed personnel, rides, and retailing are orchestrated.

“The theme park vacation market has witnessed innovations in themes, which attract consumers of diversified age groups. As a result, theme park have experienced increasing popularity among millennials and generation Z. In addition, use of latest technologies such as artificial intelligence in theme parks is anticipated to boost the growth of the global theme park market in the upcoming years”

Major shift of consumers toward experiencing thrill, entertainment, and happiness is a key factor that drives the growth of the global theme park vacation market. As a result spending on experiences such as theme park vacation have seen a significant increment in the last few years.

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Stakeholders are the theme park as destination for tourist, enabling longer stays. Furthermore, theme parks not only involve themed carnival rides and roller coasters but also include high-tech virtual environments and simulators that are exciting and new making them a unique destination for holidays. Moreover, stakeholders in the theme park are focusing on providing knowledge with fun and entertainment, which bolsters the growth of the global theme park vacation market. However, increase in incidents of accidents in theme parks owing to improper operation of rides, passenger misuse or failure to follow instructions, mechanical failure of rides or inherent nature of rides negatively impacts the growth of the global theme park vacation market.

Furthermore, increase in footfall of all age groups in theme parks, including baby boomers, generation X, millennials, and generation Z is expected to fuel the market growth. Generation Z are consumers who regularly visit theme park for enjoyment and refreshment with their friends and families, as they are more interested in outdoor entertainment. In addition, this generation explore new places and seek for innovative rides, thereby augmenting the theme park vacation market growth.

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Key Findings Of Theme Park Vacation Market:

Based on type, the adventure park segment dominates the global theme park vacation market in 2018, and is expected to retain its dominance throughout the theme park vacation market forecast period.

Depending on age group, spending by millennials segment accounted for highest share in the theme park vacation market analysis in 2018, and is projected to grow at a CAGR of 6.3% from 2019 to 2026.

By traveler type, the group segment was the major shareholder in 2018, and is projected to register a CAGR of 6.2% from 2019 to 2026.

Region wise, North America accounted for about 57.9% theme park vacation market share in 2018, and is expected to grow at a CAGR of 4.6%.

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The key players operating in the global theme park vacation industry :-
Walt Disney Attraction
Merlin Entertainment Group
Universal Parks and Resorts
Oct Parks China
Fantawild
Chimelong Group
Six Flags Inc.
Cedar Fair Entertainment Company
Seaworld Parks & Entertainment
Parques Reunidos

LIST OF TABLES

TABLE 01. GLOBAL THEME PARK VACATION MARKET, BY TYPE, 2018–2026 ($MILLION)
TABLE 02. ADVENTURE PARK VACATION MARKET REVENUE, BY REGION, 2018–2026 ($MILLION)
TABLE 03. WATER PARK MARKET REVENUE, BY REGION, 2018–2026($MILLION)
TABLE 04. CHILDRENS PARK MARKET REVENUE, BY REGION, 2018–2026($MILLION)
TABLE 05. OTHERS MARKET REVENUE, BY REGION, 2018–2026($MILLION)
TABLE 06. GLOBAL THEME PARK VACATION MARKET REVENUE, BY AGE GROUP, 2019–2026 ($MILLION)
TABLE 07. THEME PARK VACATION MARKET REVENUE FROM BABY BOOMERS, BY REGION, 2018–2026($MILLION)
TABLE 08. THEME PARK VACATION MARKET REVENUE FROM GENERATION X, BY REGION, 2018–2026($MILLION)
TABLE 09. THEME PARK VACATION MARKET REVENUE FROM MILLENNIALS, BY REGION, 2018–2026($MILLION)
TABLE 10. THEME PARK VACATION MARKET REVENUE FROM GENERATION Z, BY REGION, 2018–2026($MILLION)…Continue

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. 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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Adventure Tourism Market to be valued at $1,169,095 million in 2028, with a 20.1% CAGR, Says AMR

The factors that promote the growth of travel & tourism industry include changes in lifestyle, increase in tourism promotion, and surge in accessibility of transport facilities

According to a new report published by Allied Market Research, titled, “Adventure Tourism Market by Type, Activity, Type of Traveler, Age Group, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global adventure tourism market size was valued at $586.3 billion in 2018, and is projected to reach $1,626.7 billion in 2026, registering a CAGR of 13.3% from 2019 to 2026.

Adventure tourism is a kind of niche tourism, which involves exploration or travel to remote exotic areas along with a significant degree of risk. It includes exceptional and challenging experience during the vacation, in which traveler interact with local population and connect with their core values. Adventure tourism includes numerous activities such as climbing, hunting, caving, cycling, rafting, hiking, and others.

The key players profiled in the adventure tourism market are Austin Adventures, Inc., G Adventures Inc., Mountain Travel Sobek, TUI AG., ROW Adventures, REI Adventures, InnerAsia Travel Group, Inc., Intrepid Group Limited, Butterfield & Robinson Management Services, Inc., and Abercrombie & Kent Group of Companies S.A.

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Over the past few years, adventure tourism industry has grown exponentially, globally. Furthermore, travelers are interested to visit undiscovered destinations for enjoyment. In addition, increase in government initiatives in the form of private and public partnership to promote tourism fuels the growth of the global adventure tourism market demand. However, risk involved in unpredictable weather condition and adventure travelling restricts the market growth. Moreover, increase in trend of social media is anticipated to provide great opportunity for the market growth, as Facebook has become the preferred social networking site among travelers to get the best travel deals.

The market is segmented on the basis of type, activity, type of travelers, age group, sales channel, and region. The adventure tourism market based on difficulty, risk & skill level, environment, sustainability, type of trip, physical activity & challenge, has been segment into three major segments, namely hard, soft, and others. Hard adventure tourism includes activities such as trekking, mountaineering, rock climbing, ice climbing, and caving. These activities possess high risk and require high level of specialized skills, and therefore this segment represents a small percentage of participation.

Based on activity, it is divided into land-based activity, water based-activity, and air-based activity. Depending on type of travelers, the adventure tourism market is fragmented into solo, friends/group, couple, and family. According to age group, it is categorized into below 30 years, 30-41 years, 42-49 years, and 50 years & above. The sales channel segment includes travel agent and direct. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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In 2018, the land-based activities segment was the leading revenue contributor to the global market. However, the air-based activities segment is expected to witness lucrative growth during the forecast period.

Key Findings of the Adventure Tourism Market :

In 2018, Europe dominated the global adventure tourism market share, it was more than one-third, in terms of value.
Asia-Pacific is estimated to witness the highest growth rate during the forecast period.
Soft adventure segment generated the highest revenue to the global market in 2026, and is expected to grow at a CAGR of 13.6% during adventure tourism market analysis period.
The land-based activity segment is estimated to register the highest growth rate, in terms of revenue, registering a CAGR of 13.3%.

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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. 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. 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.