3D Printing Metal Market Worth $5.51 Billion By 2027

The global 3D printing metal market size is projected to reach USD 5.51 billion by 2027, expanding at a CAGR of 27.8% from 2020 to 2027, according to a new report by Grand View Research, Inc. Accelerating growth in the adoption of 3D printing for manufacturing of metal parts, especially for the aviation and healthcare industries, is the crucial factor driving the market.

Metal is a primary focus area in additive manufacturing (AM). Investments in metal AM have increased at a rapid pace in recent years. AM process offers exceptionally high-performance parts made from aluminum, steel, nickel, titanium, and others for demanding, high-value industries, such as medical and aerospace. These industries have observed faster penetration of AM on account of its ability to manufacture complex parts, decreased part weight, and material needs.

The 3D printing metal industry is witnessing growing demand from the aerospace and defense sectors owing to the rising capabilities to reduce aerospace part weight and focus toward improving overall efficiency, which otherwise proves costly and time consuming through traditional manufacturing process. The ability to print cheaper equipment in less time on demand is expected to be the key factor driving the industry.

North America accounted for the largest share in the utilization of additive manufacturing metals for the aerospace and defense industry. Recently mandated policies of U.S. to increase the defense investment by significant levels are expected to bolster the regional market growth. Involvement of private players in space exploration projects is further expected to augment the market growth across the region.

The potential cost savings are stimulating the growth of the market in aerospace and defense. For instance, in November 2018, Lockheed Martin, U.S.-based global aerospace and defense company, announced that due to 3D printed parts, there was reduction in the price of its F-35 Full Mission Simulator (FMS) unit and has led to the savings of nearly USD 45.0 million.

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

Further key findings from the report suggest:

Aerospace and defense is expected to emerge as the fastest growing application segment from 2020 to 2027 owing to increasing demand for highly customizable parts and reduced lead time offered by additive manufacturing
Titanium dominated the market with 65.3% share of the global revenuein 2019 due to its large scale adoption in the aerospace and healthcare industries
Asia Pacific is predicted to expand at the fastest CAGR of 31.6%, in terms of volume, from 2020 to 2027 as the region is largely untapped and is therefore predicted to witness substantial investments in metal 3D printing over the coming years
In 2018, Norsk Titanium used a new technology called rapid plasma deposition (RPD), which is considered a superior technology to produce mechanically enhanced structural metal components.

Synthetic Leather Market Worth $40.9 Billion By 2027

The global synthetic leather market size is expected to reach USD 40.9 billion by 2027, according to a new study by Grand View Research, Inc. The market is projected to expand at a strong CAGR of 4.4% in terms of revenue during the forecast period. Increasing scope of application for the product in footwear has been a major factor driving the growth. In addition, growing importance and awareness about animal rights set by several organizations and stringent laws regarding the usage of real leather are propelling the demand for synthetic leather.

Superior properties of this material, such as high gloss finish, durability, strength, UV resistance and easy maintenance are anticipated to positively influence the application. Moreover, products made from faux leather are cheaper and thus, continue to attract consumers, especially from middle- and high-income level groups. However, in countries, such as Japan, the product is facing competition from Fumikodata, which is a replica of real leather and is a cruelty-free material. Polyurethane (PU) was the largest product category in 2017 and is expected to register the fastest CAGR over the forecast period.

PVC is anticipated to witness sluggish growth on account of its properties, such as sticky finish and lesser durability. Footwear application segment is expected to observe a considerable growth over the upcoming years. Cheaper costs, fluctuating climatic conditions in several regions creates needs for different types of footwear. Rising disposable income levels in emerging regions are also fueling the demand for synthetic leather in footwear segment. Moreover, trend of incorporating athletic shoes in daily lifestyle is further augmenting the product demand.

The ongoing spread of coronavirus pandemic across the globe is severely affecting the production, import, and export of leather and its byproduct, which, in turn, is anticipated to negatively affect the growth of the global market. As COVID-19 continues to spread across the world, order cancellations and shipping complications are surging throughout the leather industry. End-use industries such as automotive, furniture, footwear, and textile are witnessing a sharp decline, in terms of demand and production, on account of reducing discretionary spending, factory shutdowns, limitations on the supply and transport, and a slowdown in infrastructure development activities across the globe. This, in turn, is anticipated to hamper the global market for the next two quarters of 2020.

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https://www.grandviewresearch.com/industry-analysis/synthetic-leather-market

Further key Findings from the Study Suggest:

PU leather emerged as the largest product segment in 2019 and is estimated to generate revenue over USD 25.4 billion by 2027
Asia Pacific is projected to witness the fastest growth over the estimated period owing to rapid economic growth across countries, such as India, China, Japan, and Korea
Rapid development of construction and automotive manufacturing industries in Asia Pacific is also fueling the product demand in the regional market
Countries, such as South Korea, Taiwan, China, and India, are emerging as leading producers in the global market as a result of available of relatively cheaper raw materials

U.S. Soft Drink Market Size Worth $388.4 Billion by 2025

The U.S. soft drinks market size is anticipated to reach USD 388.4 billion by 2025, according to a study conducted by Grand View Research, Inc., progressing at a CAGR of 5.1% during the forecast period. Growing population is providing a fillip to the food and beverage sector, which in turn is propelling the U.S. soft drink market. Furthermore, easy availability and low price of soft drinks are benefiting the growth of the market. Recently, significant growth has been observed in the RTD tea drinks segment of the market, owing to soaring health concerns among consumers and increasing demand for premium products.

However, strengthening presence of low-quality fake products is a major challenge for market players. Counterfeit soft drinks lead to huge losses of established players. Additionally, increasing health issues such as obesity, cardiovascular diseases, and others due to high sugar content in drinks are hindering the growth of the market. Some of the prominent soft drink players are The Coca-Cola Company; PepsiCo, Inc.; Dr Pepper Snapple Group; Nestlé; and Red Bull GmbH.

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https://www.grandviewresearch.com/industry-analysis/us-soft-drinks-market

Further key findings from the study suggest:

The U.S. soft drinks market is projected to post a CAGR of 5.1% over the forecast period
The carbonated drinks segment dominated the U.S. soft drinks market in 2016 and is expected to dominate over the forecast years. The segment is likely to reach USD 134.4 billion by 2025. The growth of the segment can be attributed to their inexpensive price and easy availability. However, increasing health concerns among consumers are poised to hamper growth prospects.
The RTD tea drinks segment is estimated to witness the fastest growth over the forecast period, owing to shift of consumers towards sugar-free, naturally made beverages, and healthier drinks.
The prominent players in the market include The Coca-Cola Company; PepsiCo, Inc.; Dr Pepper Snapple Group; Nestlé; and Red Bull GmbH.

After Sun Care Products Market Size Worth $2.81 Billion By 2025

The global after sun care products market size is estimated to reach USD 2.81 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 3.1% during the forecast period. Rising product penetration in personal and skincare applications globally is likely to act as a key growth stimulant over the forecast period.

Growing awareness regarding the importance of sun care products and post UV exposure products for complete skin repair is one of the key factors influencing the demand for after-sun products across the globe.

Lotion dominated the product market, mainly on account of multiple benefits offered and versatility of the product. Lotions are available for all skin types, climatic conditions, consumer preferences, and most importantly, at reasonable prices. Gel-based products and sprays are gaining popularity among seasonal users on account of ease of handling, application and reapplication, and better absorption by the skin.

The global after sun care products industry is anticipated to witness the highest revenue growth in the Asia Pacific, at a CAGR of 4.3% over the forecast years. Major industry players, including L’Oréal SAS, Beiersdorf AG, Clarins Group, Lancaster Group, and Unilver Plc, are engaged in the manufacture, marketing, packaging, and distribution of after sun care products, globally.

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

Further key findings from the report suggest:

The after sun care products market recorded a valuation of USD 2.23 million in 2017 and is projected to rise at a CAGR of 3.1% over the forecast period. Growing product popularity among the youth population across the globe is poised to benefit the overall growth
After sun cream market was valued at USD 516.9 million in 2017 and is expected to witness steady growth over the forecast period, on account of burgeoning demand for light oil-based skin repair cream for face & body for deep nourishment and healing of sunburnt skin
The after sun gel segment is estimated to post a CAGR of 3.3% from 2018 to 2025. Widespread use of aloe-vera based gel formulation for instant relief from skin irritation and skin-soothing & hydration are key factors driving product demand
Europe dominated the global market for after sun care products in terms of revenue. The region was valued at USD 666.6 million in 2017 and is projected to witness significant growth in the near future on account of the rising incidence of skin cancer and other skin disorders in the U.K., France, Belgium, and the Netherlands, among others.
Some of the key strategies adopted by industry participants are mergers & acquisitions and integration across the value chain in order to strengthen their product portfolios and global distribution networks.

Vegan Cosmetics Market Size Worth $20.8 Billion By 2025

The global vegan cosmetics market size is projected to reach USD 20.8 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.3% during the forecast period. Spiraling demand for vegan cosmetics among millennials is one of the primary growth stimulants of the market.

Rapidly changing cosmetic trends are affecting the global marketplace as most of the consumers find cruelty towards animals unethical and are spreading awareness against this act. Moreover, embracing natural substitutes such as plant-based personal care products is working in favor of the market.

The use of animal products such as hair, fur, and others is banned in a few countries of the developed region such as Europe. This, in turn, is poised to boost the growth of the market. In addition, the growing popularity of safer and naturally derived cosmetics is anticipated to augment the market. Increasing concerns regarding health & safety, consumer awareness about the use of animal-tested products, and rising importance given to environmentally viable products are likely to stir up the demand for vegan cosmetics.

E-commerce retail spaces have gained tremendous momentum over the last few years owing to ease of product selection and easy order placing and delivery. With the advent of products in 2011, China recorded more than 65.0% hit in online vegan cosmetics sales, owing to a shift in consumer shopping experience from hypermarkets and specialty stores to E-commerce platforms.

Major cosmetics manufacturing companies across the globe are realizing the importance of making products that use ingredients, which are mineral-based or plant-based, rather than manufacturing products that are infused with animal extracted ingredients. Vegan cosmetics are gaining popularity due to their superior properties.

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https://www.grandviewresearch.com/industry-analysis/vegan-cosmetics-market

Further key findings from the report suggest:

Choices in cosmetics available to vegan have rapidly expanded in the past few years with new brands launching and existing brands choosing to launch new ranges of vegan products or even go completely vegan
Skincare products dominated the market in terms of revenue, with a share of over 36.0% in 2017, owing to consumer preferences across diverse regions
E-commerce is estimated to register a CAGR of 7.4% over the forecast period owing to ease of product selection and availability of a wide range of products and promotional offers
The U.S. vegan cosmetics market is expected to exceed USD 3.16 billion by 2025, owing to the presence of various manufacturers and suppliers of vegan cosmetics
The market for vegan cosmetics is highly competitive due to the presence of a number of international companies with diverse product portfolios
Some of the key companies present in the market are Zuzu Luxe, Ecco Bella, Bare Blossom, Emma Jean Cosmetics, Modern Mineral Makeup, Urban Decay, Arbonne, Pacifica, Nature’s Gate, Beauty Without Cruelty, Billy Jealousy, and MuLondon Organic

Morocco Cosmetics Market Worth $1.93 Billion By 2025

The global morocco cosmetics market size is expected to reach USD 1.93 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 7.5% during the forecast period. The growth can be attributed to surging demand for premium cosmetic products, majorly driven by the increasing purchasing power of consumers.

Rising consumption of cosmetic products by women owing to increasing westernization in the country is estimated to be a key factor driving the market. Growing demand for personal care and grooming products from male consumers is also anticipated to bolster the growth of the market over the forecast period. E-commerce platforms are projected to play a significant role in supporting the growth of the Morocco cosmetics market owing to the high convenience they offer to consumers.

The industry is registering an increase in the number of male consumers. Changing climatic conditions and lifestyles are prompting men to use cosmetic products in their daily routines. Fragrances, skincare, and hair care products are increasingly being used by both men as well as women.

Morocco has consistently outperformed other African countries in terms of its ranking in various global retail indexes. The relatively stable political atmosphere in the country and the increasing middle-class population are providing a significant push to the market.

The country has made considerable strides in recent years related to investments in infrastructure. One such example is of investments made to improve infrastructure in the Tangier free trade zone. Such developments in the country are attracting investors from across the globe.

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https://www.grandviewresearch.com/industry-analysis/morocco-cosmetics-market

Further Key Findings From the Report Suggest:

The makeup & color cosmetics segment is likely to exhibit the highest CAGR of 8.1% during the forecast period
Morocco has a significant competitive edge in the production and export of argan oil
A major chunk of the demand for cosmetic products in Morocco is generated by people with a higher income and modern lifestyles, staying in large cities
New product launches and the establishment of strategic partnerships with luxury salons are expected to remain a critical success factor for the haircare market over the forecast period.

Technical Textile Market Size Worth $250.6 Billion By 2027

The global technical textile market size is expected to reach USD 250.6 billion by 2027, expanding at a CAGR of 4.5%, according to a new report by Grand View Research, Inc. Superior properties of technical fabric such as excellent strength, versatility, and superior performance make them desirable for numerous industrial applications.

Farmers are shifting their focus towards agro-tech products owing to uncertainty in climate, limited availability of water, and threat to crops from being damaged by insects and pests. These agro-tech products are expected to boost agricultural productivity, thereby boosting market growth over the forecast period.

Factors such as increasing demand for high-performance and energy-efficient fabric and stringent government regulations regarding performance in various applications have driven market growth. Technical fabrics are been witnessing burgeoning penetration in end-user industries for varying applications, such as automotive, packaging, and medical.

Changing consumer preference toward fashion and high-level of quality and technology has further intensified the complexity of the process. Hence, it makes the manufacturing process more difficult and complex, creating high synergy between functional design, innovative approach, advanced technologies, fashion considerations, and smart materials.

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https://www.grandviewresearch.com/industry-analysis/technical-textiles-market

Further key findings from the report suggest:

Thermo-forming technology is increasingly used for the manufacturing of technical fabrics. This segment is projected to witness a CAGR of 5.4% from 2020 to 2027 and reach USD 33.3 billion in 2027
The agro textile end-use segment accounted for USD 4.5 billion in 2019 on account of its functional benefits, including superior weather resistance, protection from micro-organisms, protection from solar radiation, ultra-violet radiation, and water conservation
In Europe, the market is projected to witness a CAGR of 4.3% from 2020 to 2027 on account of the rising demand for the fabrics in household and fashion and clothing applications
In Asia Pacific, the market accounted for USD 81.2 billion in 2019 and is expected to witness exponential growth over the forecast period owing to the expansion of residential, commercial, and industrial sectors in the region
In China, the market accounted for USD 29.8 billion in 2019 and is projected to witness a CAGR of 6.3% from 2020 to 2027 owing to the availability of raw material at low cost.

Antimicrobial Coatings Market Worth $18.8 Billion By 2027

The global antimicrobial coatings market size is anticipated to reach USD 18.8 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 12.8% over the forecast period. Rising demand for cleaning products for protection against fungal and bacterial growth is expected to be the key factor driving the overall market.

The demand for antimicrobial coatings is expected to increase majorly in the medical devices and packaging application industry owing to the COVID-19 pandemic situation around the world. North America is expected to lead the global market due to the strong presence of some of the world’s major healthcare products manufacturers in this region.

Moreover, rising demand for implantable medical devices and increasing burden of Cardiovascular Diseases (CVDs) are expected to boost the product demand over the next eight years. Silver-based biocides are widely used in medical application owing to their excellent antimicrobial properties. Based on product, the global market is segmented into antimicrobial powder and surface modification & coatings.

Surface modification and coatings was the prominent product segment and accounted for 53.9% of the global revenue in year 2019. Antimicrobial powder coatings product segment is expected to witness the fastest CAGR from 2020 to 2027 due to the high demand for silver- and copper-based and other coatings. Silver-based products are used as antimicrobial agents owing to their properties, such as non-toxicity, continual performance for a long duration, eco-friendly nature, and high thermal stability.

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

Further key Findings from the Study Suggest:

Mold remediation application segment is expected to witness the highest CAGR of 15.2%, in terms of revenue, over the forecast period. The cost involved in remediating a mold-infested building can be staggering, especially when the building has inferior coatings
Air conditioning and ventilation segment accounted for the maximum volume share of over 21.7% in 2019
Antimicrobial coatings help to deter the growth of micro-organisms in heating, ventilation and air conditioning systems. Ag ION coated materials inhibit the growth of different microbes
North America accounted for 43.4% of the overall revenue share in 2019 and is projected to retain its dominant position throughout the forecast period

Wind Power Market Demand to Reach 88.1 GW in 2027

The global wind power market demand is expected to reach 88.1 GW by 2027, expanding at a CAGR of 5.2%, according to a new report by Grand View Research, Inc. The market is driven due to increasing demand for clean and affordable energy. Governments across various nations have been supporting the use of renewable energy sources including solar power, hydropower, wind power, and biomass. Regulatory bodies are emphasizing on reducing carbon footprints and reduce reliance on conventional energy sources which in turn is promoting energy generation using wind turbines.

Increasing energy needs in countries such as India, China, U.K., and Brazil, owing to rapid industrialization is projected to have a positive impact on market. Wind energy finds wide use in numerous sectors such as commercial and residential. The onshore turbines have emerged as a valuable renewable energy source, across the world. The cumulative installed onshore turbine power capacity is projected to observe a count of 10.0% in 2019 as compared to the 2018 capacity. Though the offshore turbine sector has been gaining thrust in the market.

Regions such as South America and Middle East and Africa offer a robust business opportunity for the market and countries, such as Brazil, Chile, and South Africa, are expected to play vital role in the development of the market in these regions. Demand for electricity generation from green and clean source is increasing, which is likely to drive the market in coming years. Besides, the massive wind energy potential, coupled with a continuous decrease in the cost of installation, is expected to offer extensive business opportunities to the market in upcoming years.

The utility application segment held the largest volume share in the market in 2019. Easing of installation barriers for utility scale products and low installation cost are the factors driving the growth of the segment. Such projects are installed in large farms, which are connected to nation’s transmission system.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/wind-power-industry

Further key findings from the study suggest:

Various government are focusing on reduction of carbon footprint which is expected to drive the renewable energy generation and thus the market
The onshore location segment accounted for 92.1% market share in 2019
Asia Pacific is projected to grow at a substantial rate throughout the forecast period. China is expected to account for the maximum market share in the region
Wind power accounted for a 7.3% of the total electricity generation mix in U.S. in 2018
North America is likely to display a moderate growth rate during the projected period.

Shale Gas Market Size Worth $131.1 Billion By 2027

The global shale gas market size is expected to reach USD 131.1 billion by 2027, ascending at a CAGR of 8.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for cleaner combustion energy sources in several end-use applications is likely to drive the market over the forecast period.

Profitable production of shale gas, a natural gas trapped in shale formations, relies on accessible demand for it. It has technical characteristics that make it a very useful and flexible fuel, where the delivery infrastructure exists, and it has found uses in the building thermal sector, industrial thermal sector, and power generation. Recent macroeconomic shifts along with fuel supply competitive dynamics have caused the proportions to favor shale gas usage in power generation more and industrial usage less.

Shale gas contributes substantial energy to electricity generation and second only to coal in terms of the share of energy supply in global electricity generation. This share is expected to grow over the next few decades in response to the economic and environmental limits of coal generation, at least where natural gas is a viable alternative. This end-use application is expected to drive the market over the forecast period.

The shale gas supply chain includes production and processing, gas transmission and storage, and distribution to city gate, large volume customers, residential customers, and commercial customers. Development of hydraulic fracturing technology along with horizontal drilling technique is expected to boost economical production of shale gas, thereby strengthening the upstream segment of the supply chain.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/shale-gas-industry

Further key findings from the study suggest:

North America occupied the largest market revenue share in 2019, with U.S. being the major contributor to the regional market. Abundant shale gas reserves along with development of advanced drilling technology are among the key factors influencing industry growth
Potential shale gas resources in China are attracting huge investments from major market players all over the world in order to extract and produce unconventional gas from the reserves
The power generation segment occupied the largest market share of 36.1% in 2019 owing to growing demand of natural gas in coal-to-gas electricity generation plants
The transportation sector is estimated to witness a significant CAGR owing to increasing number of Compressed Natural Gas (CNG) fueled vehicles across the automotive industry.