Ballistic Protective Equipment Market Size Worth $5.75 Billion By 2025

The global ballistic protective equipment market size is anticipated to reach USD 5.75 billion by 2025, according to a new report by Grand View Research, Inc. increasing tensions between nations and across borders have heightened the demand for ballistic protection products like headgear, bulletproof vests, shields, armored car, eyewear, and missiles among different end-users.

Technological proliferation is pivotal in the industry, and the market is witnessing a high demand for innovative gears such as DEFCON, liquid body armor, and dragon skin. Furthermore, the escalating need for ensuring the safety of soldiers and military personnel is leading to a large-scale procurement of armor wear by government agencies.

A rise in military conflict is increasing the need for protective gear for safeguarding the armed forces mainly in the emerging economies such as China and India. These military super powers are continuously focusing on the replacement of the legacy military product and also consequently rising their spending in the defense sector. Such modernization activities are creating tremendous opportunities for expansion of ballistic protective equipment market.

Ultra-high molecular weight polyethylene (UHMWPE) products are anticipated to witness the fastest growth over the forecast period at a CAGR of 4.6% over the next nine years. Several government initiatives are encouraging the usage of such lightweight and durable materials for developing ballistic suits, which are anticipated to increase the UHMWPE material demand over the forecast period.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/ballistic-protective-equipment-market

Further key findings from the report suggest:

Head protection gear is anticipated to emerge as the fastest growing end-use and is expected to reach USD 1,449 million by 2025
North America emerged as the leading regional segment and accounted for 38.1% of the total revenue share in 2015
Europe was the second major consumer globally. Russia, France, UK, Italy, and Germany were key demand centers primarily due to a significant chunk of defense spending centered towards advanced military protective gears. Russia dominated the regional demand accounting for over 22% of the revenue generated in Europe in 2015
China demand for aramid fiber-based armor wear was valued at USD 42.7 million in 2015 and is estimated to grow at a CAGR of 6.2% from 2016 to 2025 to reach a net worth exceeding USD 77 million by 2025
Major players operating in the global ballistic protective equipment market include MKU, 3M Company, BAE Systems Plc, EnGarde, PSP, Inc., and Tencate

Carotenoids Market Size Worth $1.74 Billion By 2025

The global carotenoids market size is expected to reach USD 1.74 billion by 2025, according to a new report by Grand View Research, Inc. According to the Huffington post, there is a rise observed in the health consciousness among people, especially among the younger generation. These survey results exclaim the increase in demand for healthier food supplements and nutrients. Many reasons including the one above, has been effective in boosting the demand for carotenoid products as well.

An Arabian Proverb says, “He who has health has hope, He who has hope has everything”. When it comes to prioritizing health with other things, health should inevitably take the topmost priority. A solid reason was highlighted by someone smart and wise generations ago, that states, Health is the real Wealth. And talking about health, everything boils down to what one consumes and supplements the body with. One should supplement the body with right amount of nutrients along with the vital minerals to keep themselves totally fit, fine and fiery. One such essential nutrient is Carotenoids, with multiple health benefits such as anti-ageing properties, increase in cancer fighting capability among others.

2 Cents On Carotenoids

Red, orange, yellow and all the bright colored fruits, are thankful to the carotenoids for their pigmentation. Carotenoids are a group of fat-soluble phytonutrients, loaded with antioxidants, are essential in protecting us from oxidative stress. Apart from this, they also supplement our health in more ways than one. To sum it up, carrots, tomatoes, dark green leafy vegetables et cetera wouldn’t be as colorful or nutritious as they are now, without carotenoids. However, as these are not readily produced inside human body, we source it from fruits, vegetables and carotenoid supplements. Carotenoids are commercially available in various product types including beta-carotene, lutein, lycopene, astaxanthin, zeaxanthin, annatto, capsanthin, and canthaxanthin. Let’s delve deeper into the benefits arising from the carotenoids.

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

Further key findings from the report suggest

The growing population and increasing health awareness coupled with rising occurrence of diseases such as cancer and diabetes are expected to drive the demand.
The usage of product for coloring salmons, lobsters, shrimps, prawns, and trout will aid in the market development over the upcoming years.
The increasing usage of beta-carotene in dietary supplements and antioxidants is expected to drive demand over the forecast period.
Rising pharmaceutical sector in India on account of rising healthcare expenditure and investment by foreign players including Novartis and Bayer
Rising consumer preference for natural products has led to increase in the natural extraction of carotenoids from sources such as plants leaves, vegetables, flowers, fruits, crustacean shells, bird feathers, and fish meat. It has also given boost to natural antioxidants consumption.
Developing organic cosmetic and personal care industry is anticipated to fuel the demand over the forecast period.
The industry is dominated by key participants including BASF SE, Allied Biotech, Kemin Industries, Brenntag, ExcelVite Sdn. Bhd., Cyanotech Corp., Chr. Hansen, D. D. Williamson, DSM Nutritional Products, Divis Laboratories, Naturex SA, and Lycored
Strong growth of pharmaceutical and cosmetic industry in emerging countries such as China, India, and South Korea will create growth opportunities for the market in the future.
Significantly on account of increasing demand for human nutrition and skin care cosmetics in emerging countries such as China, India, South Korea, Brazil, Singapore, and Thailand

Automotive Stainless Steel Tube Market Worth $4.72 Million By 2024

The global automotive stainless steel tube market size is projected to reach USD 4.72 million by 2024, according to a new report by Grand View Research, Inc. Growing automotive industry is projected to be the biggest driver of this market over the forecast period.

The market is segmented on the basis of product into welded and seamless. Advantages such as high strength, resistance to shocks due to collisions and high energy absorption capacity have increased the popularity of stainless steel tube in automotive applications.

Welded stainless steel tube was widely used in the automotive industry in 2015. These are readily available in the market and are less expensive than the seamless tube, making them popular among automobile manufacturers. Asia Pacific is projected to be the fastest-growing region over the forecast period.

In the automotive sector, where steel tubes are exposed to extreme temperatures and pressures, seamless products play an important role courtesy their high corrosion and heat resistant properties. These find applications in important automobile components such as fuel supply systems and gearboxes.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/automotive-stainless-steel-tube-market

Further key findings from the report suggest

Welded stainless steel tube is projected to witness an increase in demand due to their low price and high reliability and are expected to grow at a CAGR of 3.6% from 2016 to 2024
The automotive stainless steel tube market was dominated by Asia Pacific in 2015 and is projected to witness the highest CAGR of 4.4% from 2016 to 2024 owing to presence of major automobile manufacturers such as Honda, Hyundai, Tata Motors, and Toyota Motors in the region
Europe accounted for a revenue share of over 20% in 2015 and is expected to witness considerable growth on account of growing vehicle demand in Germany, Italy, and UK

Solar Tracker Market Demand To Reach 172.0 GW By 2025

The global solar tracker market demand is expected to reach 172.0 GW by 2025, expanding at a volume-based CAGR of 32.0%, according to a new report by Grand View Research, Inc. Solar tracker is installed on a photovoltaic (PV) system to get an increased energy output during the day. The PV system helps to minimize the angle of incidence between incoming light and panel, thereby increasing the amount of energy produced.

The single axis segment is predicted to have the highest growth over the forecast years and is projected to witness a revenue-based CAGR of 30.6% from 2019 to 2025. Single axis tracker is economical than dual axis tracker and easy to maintain. The market is expected to witness substantial growth over the forecast period owing to growing need for renewable power generation, especially in the single axis segment.

The dual axis segment accounted for lower market share in terms of volume and is projected to exhibit lower CAGR during the forecast period. Dual-axis solar trackers comprise two degrees of freedom that act as axis of rotation. The axis fixed to the ground is considered as the primary axis and the one referenced to the primary axis is called the secondary axis.

Dual axis trackers have modules that are oriented parallel to the secondary axis of rotation. They allow maximum absorption of the sun’s rays on account of their ability to follow the sun both horizontally and vertically, thus generating 8% to 10% more energy than single axis trackers.

In terms of technology, the PV segment is anticipated to hold majority share in the market over the forecast period. The simplicity of its design along with the cost-effectiveness make them ideally suitable for most PV applications at utility level.

Additionally, trackers installed on PV modules occupy less space as compared to the concentrated photovoltaic (CPV) and concentrated solar power (CSP) technologies. The PV technology does not require any additional lenses, mirrors or sterling energy to generate electricity, thereby making them suitable for use in non-utility applications.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/solar-tracker-industry

Further key findings from the report suggest:

The solar tracker market is estimated to witness a volume-based CAGR of 32.0% from 2019 to 2025. Solar tracker helps in increasing the efficiency of the cell. Increasing solar PV demand in various regions is expected to propel the growth of the market over the projected period
Solar PV emerged as a leading technology segment accounting for a revenue share of close to 91.0% in 2018. Increasing government focus on renewable energy has resulted in the development of PV cells as a sustainable and continuous source of energy generation
The single axis segment leading product segment covering more than 64.0% of the market volume in 2018 and is projected to grow at highest CAGR during the forecast period. Single axis trackers are less expensive as compared to dual axis trackers and, therefore, are widely employed in utility and non-utility application
The utility application segment is expected to account for more than 87.0 % of the market volume in 2025 and is projected to grow at highest CAGR during the forecast period. Trackers are being used on a large-scale in utility applications in light of increasing government subsides coupled with feed-in tariff schemes particularly in North American and European region
North America accounted for the largest market share of more than 30.0% volume share in 2018 owing to favorable policies and incentives for solar PV installation in the country. However, Middle East and Africa market is projected to exhibit the highest CAGR during the forecast period on account of rise in investments for renewable energy sources in the region
Major companies actively operating in the solar tracker market in the present scenario include NEXTracker Inc.; PV Hardware; Soltec; First Solar Inc.; and Array Technologies Inc. These companies are adopting various organic as well as inorganic growth strategies to augment their market share.

Pressure Washer Market Size Worth $2.3 Billion By 2025

The global pressure washer market size is expected to reach USD 2.3 billion by 2025, expanding at a CAGR of 3.4% in the forecast period, according to a new report by Grand View Research, Inc. Rapid rise in the number of car washing stations due to increase in the number of vehicles and growing product awareness is driving the market for the product in the forecast period. Furthermore, increasing number of houses with lawn areas and trendy exteriors in countries such as U.S and U.K are propelling the market growth.

On the basis of segmentation on the product type, electricity based product led the market and accounted for 38.8% share of the total revenue in 2018. The fact that the electric pressure washer comes with salient features such as light weight, powerful, and durable, thus the residential users prefer to have the electric based segment. The one-time payment with no extra expenditure with time and low maintenance are anticipated to drive the segment in the near future.

However, in the industrial segment, gas based pressure washer is mostly preferred and is expected to register a CAGR of 2.7% in the forecast period. They are more powerful but they require regular maintenance and refuelling, thus are not much popular among the residential users.

The most common application of pressure washer lies in garden washing. Growing trend of lawn areas in developed as well as emerging economies is anticipated to drive the segment. The home exterior segment is expected to expand at the fastest CAGR of 3.9% in the forecast period. The segment is expected to witness significant growth in the near future owing to the trend of designer exteriors and the fact that increasing pollution level is hampering the exterior.

North America is the largest region for the product and it accounted for 35.0% share of the overall revenue in 2018. U.S. is one of the leading markets for the product and is expected to expand at a CAGR of 3.9% in the forecast period. Growing usage of the product due to increasing popularity about its benefits and implementation of the product type in cleaning of public gardens by the government have driven the market in the region.

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

Further key findings from the study suggest:

By product type, the electricity based segment dominated the market with a share of 38.8% in 2018
Countries such as India and China are projected to witness rapid growth due to increasing popularity of the product in the commercial sector, along with an increase in the number of high-end hotels
The home exterior application segment is anticipated to register the fastest CAGR of 3.9%.

Cosmeceutical Market Size Worth $70.0 Billion By 2025

The global cosmeceutical market size is expected to reach USD 70.0 billion by 2025, expanding at a CAGR of 5.1%, according to a new report by Grand View Research, Inc. The onset of cosmeceuticals has reformed the cosmetic and personal care industry. These products, unlike the makeup products have the ability to resolve the origin of the imperfections rather than just covering them.

This quality has resulted into a tremendous rise in the demand for the product and increased its share in the cosmetic and personal care industry. Additionally, there has been a remarkable rise in the demand for organic and natural commodities due to awareness regarding harmful side effects of the synthetic elements in these cosmetic products. Manufacturers are seen taking advantage of this trend.

Furthermore, it has been observed that the demand is high among the people of age group 30-45. Over the past decades, decreasing mortality rate has given rise to the aging population all over the globe. People living longer and wanting to retain their youthful appearance is positively impacting the market growth globally. Demand for anti-aging products in order to prevent hair damage, age spots, uneven skin tone, dry skin, and wrinkles is on the rise.

The skin care category dominated the cosmeceutical market with a share of 43.3% in 2018. Exposure to harmful ultraviolet radiations can cause premature skin-aging or can even result in skin cancer. This awareness has increased consumer’s focus on protecting their skin by using preventive skincare products. Moreover, demand for multifunctional product is expected to fuel the growth of sun-care cosmetic products in the forecast period. Hair Care is also expected to witness a considerable growth owing to an increase in the demand for products such as hair oil, hair color, shampoo, and conditioner.

Europe held the largest share of 32.2% in 2018. Moreover, the major countries in this region have the largest population of people suffering from dry skin, considering their weather conditions. This is likely to spur the demand for beneficial and multifunctional skin care cosmetic products. Asia Pacific is expected to witness the highest growth among other regions. The market in this region is gaining traction due to widely expanding developing economies.

Key players having a presence in the global market include Johnson & Johnson, Procter & Gamble, Sabinsa Corporation, L’Oréal, Allergan, AVON, Estee Lauder, Unilever, Beiersdorf, and Croda International Plc.

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

Further key findings from the study suggest:

By product type, the skin care category held the largest share of 43.3% over the forecast period
By distribution channel, the supermarkets and specialty stores segment is expected to generate a revenue of USD 54.0 billion by 2025
Europe dominated the global cosmeceutical market in 2018 and accounted for 32.2% share of the overall revenue. This trend is projected to continue over the next few years
Asia Pacific is expected to expand at a CAGR of 5.4% over the forecast period
Various manufacturers are concentrating on new product launches, capacity expansion, and product portfolio extension to estimate existing and future demand patterns from upcoming application segments.

Pore Strips Market Size Worth $4.13 Billion By 2025

The global pore strips market is expected to reach USD 4.13 billion by 2025, registering a CAGR of 7.6% over the forecasted period, according to a new report by Grand View Research, Inc. The growing fashion consciousness coupled with increasing pollution level leading to facial skin problems is driving the product demand.

On the basis of ingredients, charcoal held the leading market share of 39.18% in 2018. The ingredient is perceived to have qualities of removing dirt and impurities and it can exfoliate the skin by removing oils, driving the adoption of the ingredient. Apart from charcoal, tea tree oil is expected to register the fastest CAGR of 9.3% over the forecast period. The natural benefits of the product that soothe the skin and cure itching and dryness is anticipated to fuel the demand.

Home segment held the leading market share of more than 59.53% in terms of revenue in 2018. The idea that the product can give instant results and is easy to use, is making it popular among the home users. Apart from home segment, salon is found to be the fastest growing consumer and is witnessing a significant CAGR of around 7.8% over the forecast period. In salon, the beauty stylists use the pore strips with other products to give better results, thus propelling the demand.

Asia Pacific emerged as the largest regional segment with more than 40.0% of the market share in 2018. The growing pollution in the emerging countries such as India and China which accounts for more than 34% of the global population and increasing consumer awareness towards healthy skin is fuelling the regional growth. Central and South America (CSA) is projected to register the fastest CAGR of over 9.7% during forecast period. The hot and humid climatic condition of the region has led to increase in demand for the product.

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

Further key finding from the report suggests:

In terms of revenue, tea-tree oil ingredient segment is projected to ascend at a CAGR of 9.3% during the forecast period.
Countries such as Brazil, which has hot and humid climate and is facing the problem of a rise in pollution, is projected to register the faster CAGR due to increasing product demand
Salon end use segment in the pore strips market is anticipated to register a rapid CAGR of 7.8% in the forthcoming years

Night Creams Market Size Worth $11.62 Billion By 2025

The global night creams market size is expected to reach USD 11.62 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 7.24% during the forecast period. Night creams are ultra-hydrating, deep nourishing, and restorative. The product uses high amount of emollients so they are more moisturizing and leave an oily texture on skin. Consumers with extreme dryness of skin require heavier creams. These products are generally preferred to apply during night to avoid interference of hydrating element of cream with makeup during day time. This factor is projected to drive the product demand in near future.

The market is driven by high growth of cosmetic products in Asia Pacific along with rise in sales of anti-aging products. Growing concerns regarding skin problems along with rise in disposable income of consumers are anticipated to further drive the demand. Moreover, growth os skin lightening, moisturizing, and anti-aging product sectors are expected to fuel the overall market during the forecast period.

A rising number of manufacturers and distributors are entering the skin care industry, due to the rising demand for the products that help different issues including skin hydration, elasticity, color complexion, and softeness. However, the impact of e-commerce channels, specialty and convenience stores, cost effectiveness of product, and concerns regarding skin damage creates a huge opportunity for the market growth.

Asia Pacific night creams market is anticipated to witness growth due to increasing consumer awareness regarding skin care product categories along with growing product launches by the key manufacturers. Europe is anticipated to witness a rise in sales over the forecast period. For instance, Germany consumed the largest number of personal care and cosmetics product with a value of EUR 13.54 billion in 2017.

Growing consumer awareness regarding multi-functional products such as the combination of benefits such as anti-aging and moisturizing, is anticipated to create growth opportunities for the key players. The key manufacturers engage in strategies such as product launches, acquisitions, promotional campaigns, and capacity expansions to gain greater market share.

The market is recognized by the initiatives such as, acquisitions, mergers, online sales, limited extension, and development endeavors by the key players such as L’Oréal SA, Shiseido group, Avon Inc., Beiersdorf AG, and Estée Lauder Inc. For instance, in February 2018, Clarins promotional campaign for the millennials as a Worth the Wrinkle campaign for night cream. The company also targeted young aged population about their views on aging to look real and perfect.

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

Further key findings from the report suggest:

In terms of revenue, moisturizing product is projected to ascend at a CAGR of 6.83% over the forecast period from 2019 to 2025
Offline channel led the global night creams market with a share of over 86.60% in 2018
Europe held the leading market share of 36.54% and is expected to witness significant growth in the forthcoming years
The growing skin care industry on account of rise in concerns regarding skin problems mainly in developed countries is expected to further propel the market
The market is highly competitive in nature with the presence of the main players including L’Oréal SA; Shiseido Group; Avon Inc.; Beiersdorf AG; and Estée Lauder Inc.

Chicory Market Size Worth $294.2 Million by 2025

The global chicory market size is anticipated to reach USD 294.2 million by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.2% during the forecast period. Increasing awareness regarding the medicinal value of chicory is the main factor driving the growth.

The chicory root product segment accounted for more than 65% market share in 2018. Roots are a rich source of inulin and nutrients essential for brain health. Ground and roasted roots are used as an alternative to coffee. Chicory root powder is used in baked goods and other food products as an alternative to sugar and fat, as well as, as a texturizer. As a result, the market is anticipated to witness significant rise in demand over the forecast period.

Food and beverage was the largest application segment accounting for more than 45% market share in 2018. It is expected to maintain its dominance throughout the forecast period. Increasing demand for chicory coffee in Thailand, Japan, Netherlands, Germany, France, and U.S. is driving the growth. In addition, increasing use of the product as an alternative to sugar and fat in various food and beverages is expected to create growth opportunities in the forthcoming years.

Europe is anticipated to continue leading the global chicory market over the forecast period. Rising consumption owing to various health benefits of the product is driving the regional growth. Belgium is the largest producer of chicory in the world. Germany, France, and Netherlands are expected to witness significant growth owing to rising consumption of chicory coffee. North America is expected to witness the fastest CAGR of 5.2% from 2019 to 2025 owing to increasing cultivation and consumption of chicory as an alternative to coffee. Growing popularity of chicory as a natural appetizer is anticipated to further fuel the regional growth.

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

Further key findings from the report suggest

Chicory root is expected to witness a CAGR of 4.5% over the forecast period, owing to increasing awareness regarding the health benefit of the roots
U.S. is one of the largest consumers of the product and accounted for more than 85% share of the North America chicory market in 2018
India, Thailand, China, Japan, and Australia are the key markets for chicory in the Asia Pacific region
Belgium, France, and Netherlands held more than 60% share of the Europe market for chicory in 2018

Gum Arabic Market Size Worth $555.9 Million By 2025

The global gum arabic market size is expected to reach USD 555.9 million by 2025, according to a new report by Grand View Research, Inc., exhibiting a 5.9% CAGR during the forecast period. Gum arabic, also known as acacia gum, is a natural emulsifier used in various applications such as food and beverage, cosmetics, pharmaceuticals, and paints. It is primarily used as a filling and thickening agent in most confectionery items.

The market is driven by increasing consumer spending on dietary and fiber-rich food products, especially in bakery applications. This can be attributed to growing purchasing power of consumers, along with significant spending in the beverage and confectionery industry in developing countries such as China and India. Rapidly growing bakery industry in several Asian and South American countries and with a rise in sales of natural and functional ingredients used in bakery products are key trends benefiting this market. Moreover, the ability of this ingredient to be instantly soluble in products and help retain flavors, colors, and aromas in various foods and beverages is expected to support product demand.

The ingredient plays a crucial role in dairy products, as an encapsulation medium and stabilizer. Its air-holding ability improves freeze-thaw stability in ice creams, yogurts, and other frozen desserts. Thriving e-commerce channels and increasing number of domestic bakery vendors have been providing players major opportunities for growth.

The market in North America held the dominant share of over 35.0% in 2018 and this can be attributed to a large consumer base, especially for beverages, confectioneries, and pharmaceutical products. Soaring sales of dairy products, particularly in countries like Japan, China, Australia, and India have been driving the Asia Pacific market, enabling it to register the fastest growth over the forecast period.

The market is characterized by several growth initiatives, such as acquisitions, mergers, online sales, and investment in research and development. Key players in the market include Gum Arabic Company; Nexira; Kerry Group; Tic Gums Inc.; Agrigum International Limited; Farbest Brands; Archer Daniels Midland Company; Ashland Inc.; Hawkins Watts; and Prodigy NIG Limited.

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

Further key findings from the report suggest:

In terms of revenue, dairy products are expected to emerge as the fastest growing application segment, registering a CAGR of 7.4% over the forecast period. The ingredient serves as an effective encapsulation medium and stabilizer in dairy products
By source, acacia Senegal dominated the global market with a share of 66.2% in 2018. These trees are known to yield in all seasons, regardless of soil texture and condition
North America dominated the global market in 2018, accounting for 35.7% of the overall revenue. Growing beverage and dairy industries, driven by rising consumption of ready-to-eat foods, is expected to propel the gum arabic market
The industry is highly competitive in nature. Key players include Gum Arabic Company; Nexira; Kerry Group; Tic Gums Inc.; Agrigum International Limited; Farbest Brands; and Archer Daniels Midland Company
Manufacturers are concentrating on new product launches, capacity expansions, and technological innovation to estimate existing and future demand patterns.