Skin Care Products Market Worth $183.03 Billion By 2025

The global skin care products market size is projected to reach USD 183.03 billion by 2025 expanding at a CAGR of 4.4%, according to a new report by Grand View Research, Inc. Increasing demand for natural, herbal, and organic products that have no adverse effects is expected to boost the market growth over the forecast period. Skin care products include various synthetic and natural products, such as body lotions and face creams. Rising concerns regarding skin problems are also driving the skin care products industry.

beauty, people, cosmetics, skincare and cosmetics concept – young woman applying cream to her face over green natural background with cherry blossom

Rising awareness about natural ingredients providing UV protection is also expected to fuel the market growth. With the rising geriatric population, demand for products with anti-aging properties is expected grow, thereby driving the overall market. Organic skin care product manufacturers focus more on the development of newer formulations targeted at fighting the effects of skin aging. Rising awareness about skin care has led to the inclusion of sun protection, anti-aging, and anti-wrinkle properties in skin care and makeup products.

Although, increased concerns regarding authenticity of products has been encouraging emerging manufacturers to enter the market; intense competition may pose a serious challenge to the market growth. High costs of organic and natural skin care products are also expected to hamper market growth over the next few years. However, increasing demand for organic body lotion products, especially in countries like Canada, India, and Mexico, on account of rising consumer awareness regarding benefits of natural ingredients like turmeric and neem is expected to have a positive impact on the market.

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https://www.grandviewresearch.com/industry-analysis/skin-care-products-market

Further key findings from the study suggest:

Favorable regulatory support in countries like India and Mexico encouraging investments at domestic level is expected to open new avenues for the market in future
Body lotion is anticipated to be the fastest-growing product segment at a CAGR of 5.1% from 2019 to 2025
Face cream segment led the global skin care products market in 2018 and is projected to expand further during the estimated period
The market is characterized by the presence of major companies, such as L’Oréal S.A, Unilever PLC, Beiseidorf AG, and Colgate Palmolive

3D Camera Market Size Worth $16.41 Billion By 2025

The global 3D camera market is expected to reach USD 16.41 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 35.8% during the forecast period. The growth is attributed to increasing product adoption in the entertainment industry coupled with advancements in 3D technology. Rising demand for 3D content in entertainment segment and related equipment is anticipated to further fuel the product demand.

Growing scope of 3D imaging in home automation, virtual reality, robotics and video surveillance, 3D modelling, and 3D scanning is expected to boost the market growth over the forecast period. Growing application of surveillance in home security, military, and industrial sector is driving the demand for 3D camera across the globe. Increasing demand for 3D content in gaming and entertainment industry coupled with increasing penetration of 3D technology-enabled devices such as smartphones, tablets, and TVs is boosting the product demand.

Technology giants such as Google, Microsoft, and Apple are investing millions of dollars to increase the efficiency of hardware to identify the depth and distance of objects. Accurate depth and distance recognition is essential in technologies such as augmented reality, robotics, and automated cars; making 3D camera the most suitable equipment. Despite the wide application across various industries, price higher than traditional 2D and digital cameras is expected to hinder growth of the 3D camera market.

By Technology, the 3D camera market is segmented into stereo vision, time of flight, and structured light. Stereo vision 3D camera held the largest market share in 2018 and is expected to expand at a CAGR of 35.7% over the forecasted period. Easy handling coupled with low price make 3D cameras more popular among consumers. They also exhibit adjustable range making them more suitable for applications such as 3D movies and photos, range images, and stereo views. Time of flight 3D cameras is projected to expand at the fastest CAGR owing to wide product application in smartphones, drones, healthcare, industrial, automotive, and other industries. Resistance to ambient time and use of a single viewpoint to calculate depth makes it robust to occlusions and shadows and preservation of sharp depth edges.

Asia Pacific held the largest market share of approximately 35.0% in 2018 and is expected to exhibit the fastest CAGR of 39.3% over the forecast period. The growth is attributed to several factors such as increasing penetration of smartphones, growth of the entertainment industry, rising disposable income coupled with low ownership of cameras among consumers. In Asia Pacific, smartphone and tablet segment is expected to expand at a CAGR of 40.8% over the forecasted period.

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https://www.grandviewresearch.com/industry-analysis/3d-camera-market

Further key findings from the report suggest:

Time of flight 3D camera is expected to register the fastest CAGR over the forecast period, owing to resistance of the technology to ambient time and use of a single viewpoint to calculate depth that makes it robust to occlusions and shadows and preservation of sharp depth edges
Asia Pacific holds the largest market share and is expected to expand at the highest CAGR over the forecast period owing to increasing penetration of smartphones, enhancing entertainment industry, and increasing disposable income
Some of the key players operating in the global 3D camera market include Cannon; Fujifilm; Nikon; GoPro Inc.; Eastman Kodak Co; Panasonic Corporation; and Sony Corporation

GCC Metal Forging Market Worth $1.26 Billion By 2025

The GCC metal forging market size is expected to reach USD 1.26 billion by 2025, registering a CAGR of 2.1% during the forecast period, according to a new report by Grand View Research, Inc. Moderate growth of end-use industries is projected to drive the market growth.

Forged metal components such as valves, wellhead equipment, electric motors, turbines pumps, blowout preventers, and compressors are primarily used in various end-use industries including oil and gas, automotive and transportation, and aerospace and defense. As compared to other end-use industries, oil and gas industry is a principal component of the economy the GCC countries. This can be illustrated from the fact that the share of oil and gas industry to GDP is approximately 50% in most of the GCC countries, except for more diversified economies such as UAE and Bahrain, wherein oil and gas sector represents 32% and 24% of their respective GDP. Therefore, the growth of oil and gas industry in the region is expected to drive the metal forging market growth.

Furthermore, automotive industry, yet another significant application of metal forging, has witnessed considerable upward trends for the past few years. As per the figure below, automobile production in the Middle East increased from 260.4 thousand units in 2014 to 348.9 thousand units in 2018. Turkey, Egypt, Iran, and Morocco are the leading automobile producers while the major consumers include Saudi Arabia, UAE, Egypt, and Turkey.

Lack of continuous technological advancements for manufacturing quality products is one of the challenges for the market. The requirement of skilled professionals for operating advanced machines is another limitation for the GCC forging market. GCC countries rely on exports for forging products due to a smaller number of producers in the market.

The In-Kingdom Total Value Add (IKTVA) program launched in December 2015 in Saudi Arabia represents a lucrative opportunity for the manufacturers of metal forging. The program is designed to encourage domestic manufacturing and, thereby, drive value and supply chain efficiency across all the operations of major oil companies such as Saudi Aramco. This program encourages local production as Saudi Aramco plans to increase its local spending on its raw materials.

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https://www.grandviewresearch.com/industry-analysis/gcc-metal-forging-market

Further key findings from the study suggest:

Open die was the largest process segment in terms of volume, it accounted for volume share of 51.9% in 2018. Requirement of customized forged products is projected to remain key contributing factor for the market
In terms of revenue, turbine application is projected to expand at fastest CAGR of 3.1% from 2019 to 2025. Turbines demand from growing power plant industry is anticipated to create key impact on demand
Saudi Arabia was the largest local market with a volume share of 46.5% in 2018. Increasing demand from oil and gas sector for machinery applications is likely to drive the market growth

Plastic Container Market Worth $112.5 Billion By 2025

The global plastic container market size is anticipated to reach USD 112.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. Increasing demand for convenient food products such as functional and nutritional drinks is expected to expand the scope for packaging container over the forecast period.

Packaging plays a crucial role in adding value to the product. Plastic packaging in the food and beverages industry is increasingly preferred owing to its aesthetic appeal and convenience, which attracts both manufacturer and consumer. This, in turn, is expected to fuel product demand over the forecast period.

PET is prominent material used for manufacturing plastic container. Attributes such as non-toxic, safe, and lightweight make it a preferred material for soft drinks, juice, and bottle water. Growing consumption of juice, functional drinks, and bottle water is expected to increase use of PET bottle and container in the food and beverages industry. Use of HDPE in plastic container is expected to witness significant growth over the forecast period.

HDPE is a preferred material for cosmetics, milk bottle, and jars. HDPE have superior barrier protection properties that protect the product from harmful radiation, moisture, and microbes, thereby extending the shelf life of product. Moreover, this material has superior strength and can be recycled, thereby making it a preferred material for shampoo, industrial lubricants, and paints.

Beverages accounted for more than 50.0% share of the global revenue in 2018. Increasing consumption of soft drinks in emerging countries such as India is expected to increase product demand over the forecast period. The cosmetic segment is expected to expand at the highest CAGR of 4.7% over the forecast period owing increasing demand for cosmetic products in China, South Korea, and India. This, in turn, is expected to expand the scope of plastic container over the next few years.

Asia Pacific dominated the global plastic containermarket and is expected to maintain its lead throughout the forecast period. Hectic working schedule has increased the demand for convenient food and beverages. This trend has resulted in increased demand for nutritional food and beverages, which, in turn, necessitated product launches in the region. Such factors are expected to expand the scope of plastic packaging, as this packaging type helps in extending product’s shelf life.

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https://www.grandviewresearch.com/industry-analysis/plastic-container-market

Further key findings from the report suggest:

By end use, beverages generated a revenue of USD 44.5 billion in 2018. The pharmaceutical sector is expected to reach USD 8.2 billion by 2025
China is one of the largest markets for plastic container. The country accounted for more than 70.0% share of the Asia Pacific market in 2018
The global plastic containermarket is highly fragmented with the top five players accounting for less than 10.0% share of global market
Some of the key players operating in the market are Amcor Limited, Berry Global Inc., Alpha Packaging, Silgan Holdings Inc., CKS Packaging, Inc., CCC Packaging, Polytainers Inc., Airlite Plastics., RPC Group Plc., and Reynolds.

Lactose-Free Infant Formula Market Size Worth $24.0 Billion By 2025

The global lactose-free infant formula market size is expected to reach USD 24.0 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.6% over the forecast period. Growing population of lactose intolerant newborns at the global level is a key factor driving the market.

Increasing working women population is also significantly affecting the market growth. Companies are investing on research and development to increase their focus on lactose-Free Infant Formula product offerings. For instance, Valio Oy has introduced more than 100 lactose free products in 50 countries. In 2016, the company invested around USD 28.0 million on new product development in order to provide high quality assurance to the customers.

The organic category held the largest market share in 2018. It is expected to emerge as the fastest growing product segment with a CAGR of 10.7% from 2019 to 2025. The segment growth is attributed to rising demand for premium products in the market. Increasing awareness about the side effects of chemically synthesized products is also driving the consumers to purchase organic products. The conventional category is anticipated to witness significant growth due to its cost effectiveness and availability of the product in the market. The product witnesses majority of its demand from the regions including Asia Pacific and Central and South America.

The supermarkets and hypermarkets category was the largest distribution channel segment in 2018, accounting for 45.0% of the global revenue. Availability of a wide product line is a major factor driving the consumers to purchase their products from this channel. The online category is anticipated to emerge as the fastest growing category. Consumers are shifting their preference toward online purchase due to the convenience of doorstep delivery services.

Europe is the largest consumer of lactose-Free Infant Formula. In 2018, the region accounted for 37.5% share of the global revenue. Europeans prefer purchasing these products as they help in preventing diseases like diarrhea among newborns. In Finland, one out of 60,000 newborns are lactose intolerant, which, in turn, is driving the market. Some of the key players operating in the Europe market are GIMME THE GOOD STUFF and Abbott.

The lactose-Free Infant Formula market is competitive in nature due to the presence of many small and large players. Some of the major companies operating in this market are Nestlé; Nutricia; Valio Oy; Abbott; GIMME THE GOOD STUFF; Silverson; Apta Advice; Danone; and Nurture, Inc.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/lactose-free-infant-formula-market

Further key findings from the report suggest:

By product, the organic category is projected to be the fastest growing segment with a CAGR of 10.7% over the forecast period
On the basis of distribution channel, the supermarkets and hypermarkets segment dominated the global market, accounting for 45.0% share of the overall revenue in 2018
Europe dominated the lactose-Free Infant Formula market in 2018, accounting for 37.5% share of the overall revenue. This trend is projected to continue in the coming years due to growing lactose intolerant population and awareness about the benefits of lactose-Free Infant Formula
Various manufacturers are concentrating on lactose free high nutritional infant formulas to meet the existing and future demand of the market.

Agriculture Grade Zinc Chemicals Market Worth $1.04 Billion By 2025

The global agriculture grade zinc chemicals market size is projected to reach USD 1.04 billion by 2025, expanding at a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Increased population density and human activities are contributing to the degradation and reduction of mineral and nutrient content of soil. This factor drives the demand for nutrient-based agrochemicals, in turn driving the market for agriculture grade zinc chemicals.

Sulphur-zinc bentonite is one of the fastest growing derivatives and is likely to witness a CAGR of 7.0% from 2019 to 2025. It is produced by multinational companies including Coromandel and Tiger-Sul. Coromandel’s Sulphozinc usually comprises 25% zinc oxide, 65% elemental sulphur, and 10% bentonite. These are typically commercially sold in granular form which readily disperse upon discharging into soil, which then releases zinc particulars and micronized elemental sulphur.

Zinc deficiency is one of the most widespread micronutrient deficiencies in North American soil, especially in the arid and semi-arid parts of U.S. Due to high pH and high phosphorus content in arid areas, the solubility of zinc decreases, resulting in a nutrient deficit soil. The farmers in the region thus largely depend on agrochemicals containing sulphate, chloride or oxide of zinc. Mexico also has a significant contribution to the North American agricultural sector. Increasing fertilizer consumption as per the Food and Agriculture Organization (FAO) regulations in the country is anticipated to positively influence the demand for the product.

One of the major challenges for the growth of the agriculture grade zinc chemicals market is inadequate knowledge about the accurate and adequate quantity of zinc required for the production of good-quality crops. Both farmers and customers lack awareness regarding safety of the food consumed directly depending on the quality of the chemicals used on fruits and vegetables. According to the Ministry of Agriculture, lack of appropriate human resources is the biggest challenge faced by the global agribusiness. Thus, regional governments have developed different strategies to educate local farmers regarding the global agriculture trends.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/agriculture-grade-zinc-chemicals-market

Further key findings from the report suggest:

Zinc oxide dominated the market with an estimated value of 356.4 kilotons in 2018 majorly due to wide availability of the derivative and good fertility in major parts of the world
Demand for zinc chloride is anticipated to register rapid CAGR of over 6% from 2019 to 2025 due to its superior properties
Asia Pacific is expected to witness a CAGR of 6.0%, in terms of volume, from 2019 to 2025
India is the second-largest market for agriculture in Asia Pacific with a share of about 42% in terms of the demand for the product. The country is anticipated to witness substantial CAGR of over 7%, in terms of revenue, from 2019 to 2025
Key market players with a comprehensive product portfolio are Tiger-Sul, ZoChem LLC, American Chemet Corporation, and Yara International

Tertiary Amines Market Size Worth $5.72 Billion By 2025

The global tertiary amines market size is projected to reach USD 5.72 billion by 2025, expanding at a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc. Widespread use of the product in pharmaceuticals, personal care, agriculture chemicals, pharmaceuticals, and textile fiber industries is projected to drive the growth.

In the pharmaceuticals industry, tertiary amines and their derivatives are used as intermediates for manufacturing medicines. The derivatives with ring-like structure of aryl group are used for manufacturing drugs, such as rosuvastatin, used for lowering cholesterol; aripiprazole belonging to the class of antipsychotic; and imatinib, used for cancer treatment. Derivatives such as imipramine, amitriptyline, lofepramine, and clomipramine are used for manufacturing anti-depressants.

Asia Pacific tertiary amines market witnessed the fastest growth in 2018 owing to the rapidly growing agricultural chemical industry in emerging economies including China, India, Japan, and South Korea. The presence of key raw material suppliers and manufacturers with massive production capacities is expected to further propel the regional growth.

The personal care application is expected to record significant growth over the forecast period. The rapidly growing personal care industry in emerging economies, such as China and India along with the rising consumer preference for personal hygiene and skincare is expected to drive the demand for tertiary amines demand.

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https://www.grandviewresearch.com/industry-analysis/tertiary-amines-market

Further key findings from the report suggest:

C-8 tertiary amine is anticipated to expand at a CAGR of 4.4%, in terms of revenue, from 2019 to 2025 as they are majorly used for manufacturing amine oxides and surfactants
Floatation reagents application segment is anticipated to hold a market share of 11.8% in 2025 on account of growing demand for the product in water treatment
The consumption of tertiary amines in petroleum end use is expected to register a CAGR of 4.7% from 2019 to 2025 backed by rising demand for drilling fluids
The Germany tertiary amines market is anticipated to exceed 47.6 kilotons by 2025 owing to the presence of major polyurethane foam manufacturers, such as BASF SE, Bauder, and Covestro
Some of the key market participants are Arkema, Lonza, Dow Chemical Co., BASF SE, Kao Corporation, and Albemarle Corporation

Methanol Market Size Worth $38.98 Billion By 2025

The global methanol market size is projected to reach USD 38.98 billion by 2025, registering a 2.9% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Exceptional blending capacity and high octane rating of the product are the key factors driving the consumption of methanol as fuel.

Methanol, also known as methyl alcohol or wood alcohol, is a light, colorless, volatile, and flammable liquid with an odor similar to that of ethanol or drinking alcohol. It is one of the most extensively used industrial chemicals and acts as a precursor during the production of formaldehyde, acetic acid, Methyl Tert-Butyl Ether (MTBE), Dimethyl Ether (DME), biodiesels, olefins, and others.

Japan accounts for approximately 7% of the overall methanol production in Asia and relies on imports to meet the local demand, owing to the low in-house production capacity of the country. However, various Japan-based manufacturers, including Mitsubishi Gas Chemicals have been picking up pace in terms of production and are benefitting by stable market prices.

Increasing demand for acetic acid, formaldehyde, and DME are considered as the key drivers for the growth of the methanol Industry in Asia Pacific. In addition, the supply and demand of the product across Asia Pacific is projected to be stable during the forecast period, with slight turbulence caused by the U.S. and China trade war.

The significant demand for methanol in North America is driven by a strong supply of the product to cater to the rising demand for MTBE, acetic acid, and formaldehyde. In 2018, the market was stable, backed by the steady supply of natural gas at low costs. Also, increasing biodiesel projects to be commissioned till 2021 is among the other prominent drivers fueling the regional demand for methanol in near future.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/methanol-market

Further key findings from the report suggest:

Methanol to Olefins (MTO) segment is anticipated to expand at a CAGR of 6.6%, in terms of revenue, from 2019 to 2025 as they are used in large quantities for the production of propylene and ethylene, used for producing synthetic rubber, synthetic plastic, pharmaceuticals, and textile dyes
The U.S. methanol market is anticipated to reach 7,769.5 kilotons by 2025. Development of shale gas has encouraged manufacturers to step up their efforts to increase their production capacity
Asia Pacific is expected to account for the largest market share in terms of volume as well as revenue, over the forecast period. Factors such as rising affordability and rapid industrialization in countries such as China, India, and Japan are expected to drive the regional demand
Some of the key market participants are Zagros Petrochemical Company, BASF, Celanese Corporation, Mitsui & Co., Ltd, Saudi Arabia Basic Industries Corporation (SABIC), Methanex Corporation, Petroliam Nasional Berhad, and Valero Marketing & Supply Company
Prominent market players engage in developing novel production technologies and expansion of their plant capacities to gain competitive advantage

Lung Cancer Screening Software Market Worth $37.92 Million By 2025

The global lung cancer screening software market size is estimated to reach USD 37.92 million by 2025 expanding at a CAGR of 19.5% from 2019 to 2025, according to a new report by Grand View Research, Inc. Growing incidence of lung cancer and rise in implementation of lung cancer screening programs across the globe are some of the significant factors driving the market growth. According to Globocan estimates, about 160,068 new cases of lung cancer were reported in South East Asian region in 2018.

A number of clinical trials, studies, and demonstration projects are being conducted around the world to evaluate the effectiveness of lung cancer screening programs. For instance, in 2017, Cancer Care Ontario launched a screening pilot trial for people at high risk. Favorable government initiatives for successful implementation of such programs and increasing awareness about the disease screening are also likely to contribute to the market growth in the coming years.

Lung cancer screening programs are widely adopted by hospitals and radiological centers in U.S. However, they are usually performed as a part of national or provisional screening program outside the country. In case of Latin America and Middle Eastern countries, limited availability of resources, restricted funding, low awareness levels, and lack of trained personnel are some of the factors that impede market growth.

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https://www.grandviewresearch.com/industry-analysis/lung-cancer-screening-software-market

Further key findings from the study suggest:

In 2018, North America accounted for the highest revenue share owing to various lung cancer screening programs and favorable reimbursement scenario in the region
Asia Pacific is expected to be the fastest-growing regional market over the forecast period
This is attributed to the increasing cases of lung cancer and rise in the number of screening trials & studies for the disease
Nuance Communications, Inc.; Eon; Koninklijke Philips N.V.; Siemens Healthineers AG; PenRad Technologies, Inc.; MRS Systems, Inc.; and Magview are some of the key companies in the market

Sacral Nerve Stimulation Market Size Worth $2.39 Billion By 2026

The global sacral nerve stimulation market size is anticipated to reach USD 2.39 billion by 2026 registering a CAGR of 13.7%, according to a new report by Grand View Research, Inc. Increasing incidence of urge incontinence and fecal incontinence is anticipated to boost the market growth. Several other factors that are expected to drive the market include increase in number of patients suffering from urge incontinence, urgency frequency and urinary retention. According to the Department of Obstetrics and Gynecology, India, urge incontinence affects 23.0 to 55.0% of women.

Increasing number of patients suffering from Urinary Tract Infection (UTI) is also contributing toward the market growth. UTI is very common in females. Technological advancements are also likely to boost market growth. For instance, Medtronic InterStim II neurostimulation system. This system electrically stimulates the sacral nerves to normalize neural communication between the bladder and the brain, and between the bowel and the brain. It is designed for the treatment of urinary retention, Overactive Bladder (OAB) including urinary urge incontinence and symptoms, such as urgency frequency in patients who had failed to tolerate more conservative treatments.

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https://www.grandviewresearch.com/industry-analysis/sacral-nerve-stimulation-sns-market

Further key findings from the study suggest:

Implantable devices led the global sacral nerve stimulation (SNS) market in 2018 due to increased number of patients suffering from OAB and urinary incontinence
Urine and fecal incontinence application segment is expected to witness the fastest CAGR from 2018 to 2026 owing to increasing cases of urine and fecal incontinence
North America led the SNS market in 2018 and will maintain its dominance throughout the forecast years owing to the rising cases of urge incontinence, OAB, and UTI and increasing investments in the development of innovative SNS systems
Some of the key companies in the global sacral nerve stimulation market are Medtronic PLC; Axonics Modulation Technologies, Inc.; Nuvectra; and Cogentix Medical