Solar Control Glass Market To Reach $8.88 Billion By 2024

The global solar control glass market size is expected to reach USD 8.88 billion by 2024, according to a new report by Grand View Research, Inc. increasing demand owing to positive construction and automotive industry outlook is expected to propel market growth.

Solar control glass allows a significant amount of sunlight to pass through and reflects a large amount of solar heat thus making it suitable for green building applications. The growing trend of green buildings constructions with high energy efficiency and reduced CO₂ emissions is expected to drive market demand for solar control glass over the forecast period.

The demand is driven by countries such as U.S and Germany where there is a growing trend of green buildings. The favorable government policies in China and Japan are expected to boost demand for this product. The growing usage in the automotive industry owing to reduced air conditioning costs will have a positive impact on demand for solar control glass over the forecast period.

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Further key findings from the report suggest

Commercial buildings will witness the fastest growth at a CAGR of 9.1% in terms of volume from 2016 to 2024 as a result of increasing projects that are energy efficient coupled with government regulations promoting energy efficient buildings.
European solar control glass market was valued at USD 1.74 billion in 2015 and will show significant rise owing to growing demand for commercial buildings with provisions to reduce the CO₂ emissions resulting from the air conditioning in the building. Growing automotive industry in in Germany is expected to propel demand for this product.
MEA will witness significant revenue growth at a CAGR of 10.1% from 2016 to 2024 in light of the increasing construction projects and arid climatic conditions in that region.
Key participants include NSG, AGC Glass Europe, and Saint-Gobain together accounting for a major market share in 2015. Other prominent players include PPG Glass Industries, Guardian Glass, Sisecam Flat Glass and Euroglas GmbH.
Companies are focusing on increasing their footprint within the global solar control glass industry through various strategic initiatives. For instance, in June 2016, PPG announced the sale of its European fiberglass operations to Nippon Electric Glass Co. to focus on growing market of low emissivity solar control glass. In July 2016, AGC introduced Ipasol neutral 70/37 and Ipasol light gray 60/33 solar control glass products in the market to meet the growing demand.

Ceramics Market Size Worth $407.72 Billion By 2025

The global ceramics market size is expected to reach USD 407.72 billion by 2025, according to a new report by Grand View Research, Inc. Advancement in 3D printing technology coupled with its rising application in dental implants is anticipated to drive the ceramics industry market growth.

Emergence of 3D printing or additive manufacturing is the new prominence application area for advanced product segment of ceramics. The rising use of the technology in dental implants is anticipated to trigger the market growth for advanced ceramic materials such as alumina and zirconium. Alumina is anticipated to dominate the market space due to its excellent structural properties and compatibility with human tissues.

Soda ash, kaolin, clay, silica, and sand are key raw materials used in manufacturing of traditional ceramics. Raw materials and energy are the two largest elements in cost structure of ceramics manufacturing process. Raw materials constitute 22% of cost structure in ceramic production closely followed by energy, which accounts for 21%. Labor and overhead costs constitute 16% and 13%, respectively. Other costs include transport, distribution, and depreciation, which account for 28%.

However, rising scrutiny over energy usage and limiting carbon dioxide emission is forcing the vendors of the market to opt for sustainable energy sources. In addition, securing an inexpensive fuel supply in a volatile natural gas market is an important criterion for a company’s sustainability and competitiveness in the industry. On account of the unpredictable nature of natural gas prices, smaller companies primarily focus on looking into alternative fuel options or alternative technologies to manufacture ceramics.

Over the last few years, there has been significant increase in the use of ceramic materials for manufacturing implant devices. Superior properties of alumina and zirconium based ceramics such as toughness and strength together with low wear rates and bio-inert properties is projected to augment their demand in applications such as femoral heads for total hip replacements over the coming years.

Key players such as AGC Ceramics Co.,Ltd., Imerys Ceramics, Carbo Ceramics, Inc., 3M, Corning, and Kyocera Corporation are focusing on vigorous expansion strategies. These companies have either formed mergers or acquired regional vendors as part of their strategy to enhance their global footprint.

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Further key findings from the report suggest:

In terms of revenue, traditional product held highest market share of 59.6% in 2018. The growth in this segment is attributed to increasing demand for manufacturing of tiles, bricks, and sanitary ware.
In terms of revenue, advanced product segment is projected to grow at CAGR of 9.1% over the forecast period. Rising popularity of the product in biomedical application is anticipated to boost the segment growth.
In terms of revenue, tiles application segment is projected to dominate the global industry. Rising prominence of premium tiles in luxurious projects is the key driver for the segment growth.
Asia Pacific was leading region with revenue share of 39.6% in 2018. The growth of the region is attributed to expansion of end-use industries in India and China.
In terms of revenue, North America region is projected to grow at a CAGR of 8.5% from 2019 to 2025.
Some of the key players present in the market are AGC Ceramics Co.,Ltd., Imerys Ceramics, Carbo Ceramics, Inc., 3M, Corning, and Kyocera Corporation. Vendors of the industry are focusing on customize services for applications such as bio ceramics, electronic devices, and many more.

Herbal & Organic Mascara Market Size Worth $156.5 Million By 2025

The global herbal and organic mascara market size is expected to reach USD 156.5 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 5.3% during the forecast period. Factors such as rising demand for organic makeup products and awareness regarding the harmful effects of the synthetic and chemical ingredients in cosmetics are expected to drive the growth.

Continuously evolving make up trends and influence of social media and beauty bloggers is anticipated to drive the demand for makeup products, such as mascaras, especially among young generation. In addition, growing popularity of natural ingredients is expected to result in increasing use of organic and herbal mascara. Most companies opt for social media marketing and product promotions through makeup artists, vloggers, and social media influencers to introduce their new products. However, mass market brands choose celebrity endorsements to endorse their products to gain from their credibility. For instance, in 2017, Revlon, added Gwen Stefani, the American singer to its lineup of brand ambassadors.

Liquid mascara is anticipated to hold the largest share of the herbal and organic mascara market. The product is anticipated to register increased usage owing to its light weight, easy application, and long lasting effect. Manufacturers focus on product innovation to enhance user experience and to reach newer consumer base. For instance, in February 2019, Inika launched new mascaras with 100% natural and vegan ingredients, in three variants, namely, The Mascara, Bold Lash, and Curvy Lash.

Online distribution channel is expected to expand at the fastest CAGR of 6.1% from 2019 to 2025. Online channels display a wide assortment of product with detailed information as well as customer reviews. This increases the ease of purchase through online channels. Moreover, availability of discounts and offers coupled with fast shipping is anticipated to positively influence the growth of the segment. For instance, Amazon.com, Inc. and MAKE-UP ART COSMETICS provide easy purchase of herbal and organic mascara online.

Asia Pacific is anticipated to witness the fastest CAGR of over 5% during the forecast period. Innovative promotional strategies coupled with launch of daily use herbal and organic mascara is anticipated to fuel the regional demand. Moreover, government initiatives to promote domestic cosmetic industry are projected to create growth opportunities for the market. For instance, innovative reforms by the government of Indonesia have marked domestic cosmetic industry under the National Development Plan for Industry. This factor is projected to drive the regional market for herbal and organic mascara.

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Further key findings from the report suggest:

In terms of revenue, gel/cream based herbal mascara is projected to expand at the fastest CAGR of 5.5% over the forecast period
Offline distribution channel led the global herbal and organic mascara market with an overall revenue share of over 80% in 2018
North America held the leading market share of 34.9% in terms of revenue and is projected to continue leading In the forthcoming years
The market is highly competitive in nature with the presence of main players such as Ecco Bella; Ulta Beauty, Inc.; Lotus Herbals Limited; Odylique; JOSIE MARAN COSMETICS; Au Naturale, Llc; RMS Beauty; Endlessly Beautiful; Skin2Spirit; and EVXO Cosmetics

School Bags Market Size Worth $24.6 Billion By 2025

The global school bags market size is expected to reach USD 24.6 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.6% during the forecast period. The growth is attributed to high demand for the product driven by rising number of students in primary and secondary schools.

As per the National Center for Education Statistics, in 2018, about 56.6 million students attended elementary and secondary schools. Growing student enrollment is projected to boost the demand for school supplies, such as school bags. This factor is anticipated to create growth opportunities for the market in the forthcoming years. Government initiatives to provide basic education to all the children is also expected to drive sales of school supplies including school bags.

Evolving teaching methodologies and rapid digitization have resulted in increased use of tablets, laptops, and other electronic gadgets. These gadgets increase the weight of the bags, which is anticipated to drive the demand for lightweight bags and fuel innovation in terms of raw materials and manufacturing technologies. Rising use of eco-friendly materials such as recycled plastics is projected to positively influence the growth.

By fabric, the school bag market is segmented into canvas, polyesters, nylon, leather, and others. Polyesters held the largest market share in 2018 and is expected to be the fastest growing segment over the forecasted period. High strength of the product is anticipated to fuel the segment growth in near future. Nylon is anticipated to hold the second largest share of the market over the forecast period. It is also expected to register the second fastest CAGR from 2019 to 2025.

Online distribution channel is estimated to register the fastest CAGR over the forecasted period owing to growing penetration of e-commerce industry coupled with rising influence of social media on consumer purchasing decisions. Availability of offers and discounts, quick product delivery and easy returns, free shipping, and ease of comparison are some of the factors driving the growth of the segment.

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Further key findings from the report suggest:

Polyester fabric is estimated to be the largest and fastest growing segment during the forecast period
Online distribution channel is projected to register the fastest CAGR in the forthcoming years owing to rising internet penetration and influence of social media
Asia Pacific accounts for the largest market share and is estimated to be the fastest growing region over the forecast period, due to growing number of school children in the region
Some of the key players operating in the school bags market include Samsonite International; Targus Inc.; Nike; Puma; VIP industries; and Wildcraft

Powdered Sugar Market Size Worth $7.49 Billion By 2025

The global powdered sugar market size is expected to reach USD 7.49 billion by 2025, according to a new report by Grand View Research, Inc. The market is estimated to register a CAGR of 4.2% from 2019 to 2025. Increasing consumption of bakery and confectionery food products is the key factor driving the market.

Powdered sugar has many applications in bakery products, such as brownies, pound cakes, muffins, cookies, and donuts. Conventional product type was the largest segment in 2018 and accounted for a share of more than 73%. Conventional product is produced from sugarcane or sugar beets. Thus, easy production process and relatively low prices are estimated to drive their demand, thereby supporting segment growth.

However, conventional powdered sugars undergo refining process to remove the molasses that also strips down the vitamins and minerals. This may have a slightly negative impact on its demand. Bakery was the largest application segment in 2018 and will remain dominant even during the forecast period due to extensive product usage in the production various bakery products.

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Further key findings from the report suggest:

Organic product type is projected to ascend at the fastest CAGR of 4.7% over the forecast years
Bakery application led the global powdered sugar market in 2018 accounting for a revenue share of more than 33%
North America was the dominant regional market in 2018 and is projected to expand further at a steady CAGR from 2019 to 2025
The industry is highly competitive in nature. Key companies include Südzucker United Kingdom Ltd.; Tate & Lyle Sugars; Cargill, Inc.; Imperial Sugar; Nordic Sugar A/S; and American Crystal Sugar Company

Kickboxing Equipment Market Size Worth $240.5 Million By 2025

The global kickboxing equipment market size is expected to reach USD 240.5 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.6% over the forecast period. Increased awareness regarding health and fitness has been encouraging people to participate in kickboxing, which is expected to promote the utility of various equipment including gloves and punching bags. For instance, health experts have recommended that the continuous activity of this type of boxing helps in improving cardiovascular health and ensuring better blood circulation. In addition, increasing popularity of these sport activities for self-protection among millennials is expected to promote the scope for various kickboxing equipment including gloves and gears.

Over the past few years, the equipment manufacturers have been focusing on the advancement of the protective gears in terms of both build-in quality and design. Protective gear is anticipated to expand at the fastest CAGR of 4.2% from 2019 to 2025. This segment includes mouth guards, head gear, shin guards, hand wraps, and ankle support wraps. These products are expected to gain utility as protective shield to the consumers from any injuries during boxing activities.

The commercial application segment dominated the global kickboxing equipment market in 2018. Increased number of health clubs and training centers has driven the commercial sector across the globe. This segment requires equipment in bulk to serve a large number of consumers. It also provides personal training by professionals.

In terms of distribution channel, the online segment is projected to expand at the fastest CAGR of 4.1% from 2019 to 2025. Increasing number of online payment platforms as a convenient medium for the consumers is expected to remain a key factor for the industry growth. In addition, availability of smartphones at affordable prices in the developing countries including India, China, and Brazil has played a crucial role in promoting the access of e-commerce to the consumers.

Asia Pacific emerged as the largest market in 2018, accounting for over 40.0% share of the global revenue due to rising number of promotional activities and increasing consumers’ concern over fitness. Participation in kickboxing has increased in the countries including Japan, Australia, China, India, Myanmar, New Zealand, South Korea, Singapore, and Thailand. These factors are expected to play a key role in expanding the scope for various products including gloves, protective gear, and boxing pads.

Key competitors of this industry include Adidas AG; Last Round Equipment; Budoland; Century LLC; Everlast Worldwide, Inc.; Hayabusa Fightwear Inc.; Twins Special Co., Ltd.; SMAI; Combat Sports International; Hykso; and WESING SPORTS. The industry participants are expected to increase the spending on the development of new products in order to expand their market size.

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https://www.grandviewresearch.com/industry-analysis/kickboxing-equipment-market

Further key findings from the report suggest:

By product, gloves dominated the global kickboxing equipment market with 40.9% share in 2018. Protective gear is expected to witness the fastest growth in the coming years due to growing need for protection from injury among athletes during boxing
The commercial application segment held the largest share of more than 70.0% in 2018
Online distribution channel is expected to expand at the fastest CAGR of 4.1% from 2019 to 2025
Asia Pacific held the largest share of over 40.0% in 2018 and is expected to witness the fastest growth from 2019 to 2025.

Thermal Energy Storage Market Size Worth $10.1 Billion By 2027

The global thermal energy storage market size is expected to reach USD 10.1 billion by 2027, expanding at a CAGR of 12.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rising demand for cost competitive and efficient energy sources is likely to boost the market growth over the forecast period.

The market is primarily driven by the use of thermal energy storage as a major renewable option for electricity generation. Heat stored by seasonal and short-term thermal energy storage systems helps balance the variations in the production and distribution of renewable electricity in a cost-effective manner. Moreover, it is a sustainable energy source and causes no adverse environmental impact. Growing adoption of renewable energy is expected to positively influence the market growth.

Several thermal energy storage equipment manufacturers and service providers adopt strategies, such as collaborations, joint ventures, partnerships, agreements, and new product development, to cater to the changing technological requirements of different end users, thereby enhancing their foothold across the market. Major manufacturers include Evapco Inc.; Ice Energy; Caldwell Energy Company; and Abengoa Solar, S.A. The manufactured systems include ice thermal energy systems, heating terminals, heating pump chillers, heat exchangers, solar steam systems, air conditioning systems, heliostats, and parabolic trough collectors.

The global market is characterized by high competition and market players are focusing on forward integration by establishing their presence in manufacturing as well as distribution. Distributors in the value chain include thermal energy storage stations and plants, combined heat power (CHP) plants, microgrids, and cogeneration power plants as well as district energy, district heating and cooling, and process cooling.

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Further key findings from the report suggest:

Molten salt technology occupied the largest revenue share in 2019 owing to its high technological efficiency and usage in several solar power projects
Ice-based technology is projected to witness significant growth over the forecast period owing to growing applications of ice storage air conditioning
By product type, sensible heat storage occupied the largest revenue share in 2019 owing to its applicability across large scale heating, ventilation, and air conditioning (HVAC) systems
Asia Pacific is expected to be the fastest growing regional market over the forecast period owing to growing demand for reliable power supply across developing economies, such as China and India.

Flue Gas Desulfurization Market Size Worth $23.69 Billion By 2020

The global flue gas desulfurization market size is expected to reach USD 23.69 billion by 2020, according to a new report by Grand View Research, Inc. Growing industrial sector around the globe is expected to drive the market.

Rise in infrastructure investment is of major importance to developing as well as developed economies, especially for sustainable development. The infrastructure sector in India, for instance, witnessed 33 deals worth USD 3.49 billion in the financial year 2016-17, wherein majority of deals were by the roads, power, and renewable sectors. The government of India has also planned to invest USD 7.07 billion for development of northeastern states bordering China, Bangladesh, Myanmar, and Bhutan. This is expected to drive the demand for cement, which will subsequently boost the demand for flue gas desulfurization (FGD).

Increased demand for electricity in regions such as North America and Asia Pacific is expected to boost the FGD market. Stringent regulations regarding emission of harmful gases from manufacturing industries is expected to further propel the market over the forecast period.

The chemical sector in Asia Pacific is expanding at a significant pace, propelling the demand for FGD systems. The booming metal smelting and cement manufacturing industries in the region are also contributing to the growth of the market.

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Further key findings from the report suggest:

In terms of revenue, the wet FGD systems technology segment is anticipated to reach USD 9.54 billion by 2020, at a CAGR of 5.0% from 2014 to 2020. Dry FGD systems, on the other hand, will exhibit a CAGR of 5.5% over the forecast period
By application, new systems dominated the global flue gas desulfurization market with a share of 51.5% in 2013
The North America flue gas desulfurization market is anticipated to reach USD 4.42 billion by 2020. Asia Pacific, on the other hand, is projected to witness a remarkable CAGR of 7.7% over the forecast period, owing to rapid developments in the industrial sector
Some of the key companies present in the market are Alstom S.A.; China Boqi; Babcock and Wilcox Company; Chiyoda Corporation; Ducon Technologies Inc.; Hitachi Power System America Ltd.; Hamon Research-Cottrell; Lonjing Environment Technology Co. Ltd.; Marsulex Environmental Technologies; Mitsubishi Heavy Industries, Ltd.; Siemens Energy; and Thermax.

Gas Turbine Services Market Worth $55.1 Billion By 2027

The global gas turbine services market size is expected to reach USD 55.1 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 9.8% over the forecast period. Increasing adoption of gas turbines on account of their ability to produce low exhaust gas pollution is expected to drive market growth. These systems are increasingly being used owing to its tremendous energy producing capacity and multiple fuel capability. They also have the capacity to operate continuously at base load for numerous hours. Furthermore, low operational cost and high efficiency and durability offered by these systems is expected to drive gas turbine service market growth.

Rapid industrialization and population growth have resulted in a high demand for power globally. The energy sector is shifting from conventional systems toward clean power sources resulting in an increase in gas turbines installations. Furthermore, key countries plan to enhance the deployment of gas-based power plants in the future. Major equipment manufacturers are also signing multiyear contracts during the installation of these plants.

The heavy duty segment dominated the global market in 2019 as these equipment offer cost-effective conversion of fuel to electricity and advanced systems provide improvement in terms of output and efficiency. Rise in new gas-based power plants for power generation has resulted in an increase in deployment of heavy-duty systems which are preferred due to their higher power generating capacity as compared to its counterparts. These systems also find application in chemical plants, refineries, and power utilities.

Maintenance and repair is projected to be the fastest-growing segment over the forecast period. Major vendors in the market are providing long-term service contracts to power plant owners which cover periodic and preventive maintenance under its scope. Long-term contracts are also considered as a more economical solution in the long term. Repairs solutions help eliminate steps and cost and increases the overall performance, thereby increasing the life-cycle of these systems. This is projected to drive the maintenance and repair segment in the coming years.

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Further key findings from the report suggest:

Asia Pacific held the largest gas turbine services market share in 2019 and is projected to register a CAGR of 13.5% from 2020 to 2027 on account of increasing demand for power from China, India, and Southeast Asian countries who are opting for cleaner sources of power generation for baseload supply
The heavy duty segment held a major market share in 2019 due to its application in the power generation sector
Spare parts supply was the largest service type segment in 2019 as the components of gas turbines have a limited lifespan after which it requires replacement
>200 MW emerged as the major contributing segment on the basis of capacity in 2019. The demand in this segment is primarily driven by an increase in power generation activities across the globe
Some of the significant industry participants are Siemens AG, General Electric, Mitsubishi Hitachi Power Systems, Ltd., and Kawasaki Heavy Industries, Ltd. These companies focus on R&D in order to enhance their position in the market.

Flywheel Energy Storage Market Size Worth $479.3 Million By 2025

The global flywheel energy storage market size is anticipated to be valued at USD 479.3 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 8.9% during the forecast period. Growing energy storage and automobile industries is expected to drive this growth.

Flywheel system accumulate energy and use it to deliver continuous power output where energy source is not continuous. In this system, electric energy can be generated by spinning the flywheel, which makes it an ideal solution in regulating supply. As compared to a solar photovoltaic cell or wind turbine, flywheels can produce energy throughout the day.

On the basis of application, the market is segmented into UPS, distributed energy generation, transport, data centers, and others. Data center is the largest application segment due to the growing demand for energy storage devices to overcome the risk of interruptions at the main power supply. The segment held around 44.0% of the global market share in 2018 and is expected to grow significantly over the forecast period.

High power density, long life cycle, and no degradation over time are some of the properties that work in favor of flywheel energy storage systems in vehicles. Growing automobile and transport industries are expected to drive this market over the forecast period. Transport segment is projected to register a CAGR of 10.6% over the forecast period.

Growing demand for Uninterruptible Power Supply (UPS) from end-use industries is expected to have a positive impact on the market growth. The market is consolidated with the presence of many small- and large-scale manufacturers. These players adopt strategies such as mergers and acquisitions, expansions, new product developments, along with joint ventures and collaborations, to increase their market share.

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https://www.grandviewresearch.com/industry-analysis/flywheel-energy-storage-market

Further key findings from the report suggest:

U.S. is projected to expand at a CAGR of 9.6% in terms of revenue over the forecast period. U.S. is among the largest consumers of the market. Problems arising due to interruptions and fluctuations of power supply have resulted in increasing demand for UPS systems from the commercial sector of the country
Germany, in terms of revenue, is projected to grow over USD 20.05 million by 2025. This growth can be attributed to rising demand from the automobile industry
Japan is anticipated to reach USD 2.04 million in 2025, driven by growing demand from the transport and energy storage sectors
Key players operating in the global flywheel energy storage market are Rotonix USA, Inc.; Calnetix Technologies, LLC; VYCON, Inc.; Powerthru; Amber Kinetics, Inc.; Active Power; Beacon Power, LLC; Piller Group GmbH; Power Tree; Temporal Power Ltd.; and Pentadyne Power Corporation.