Succinic Acid Market Size Worth $237.8 Million By 2022

According to the report published by Grand View Research, Inc., rise in the demands for construction and infrastructure in emerging economies of Asia Pacific region is expected to trigger the demands for resins, coatings, and polyurethanes, which has the potential to drive market growth in the coming years.

According to a report, “Succinic Acid Market Size, Share & Trends Analysis Report By Application, By Region (North America, Europe, Asia Pacific, RoW), And Segment Forecasts, 2015 – 2022”, published by Grand View Research, Inc. The global succinic acid market is expected to reach USD 237.8 million by 2022, according to a new report by Grand View Research, Inc. Rising need in various application segments including 1,4 butanediol, pharmaceuticals, and polyurethanes is expected to result in considerable share for the product over the next seven years. Healthcare sector growth on account of rising health awareness among consumers in emerging economies of Asia Pacific is expected to have a positive impact on the industry over the forecast period.

Some of the factors such as fluctuating prices of raw material, fuel, and energy costs are expected to hamper overall cost of the product, which will result in inhibition of demands in the market. However, major change in the market is hinted from the rapid rise in political and regulatory pressures on chemical companies to reduce carbon emissions, which is creating a huge demand for the sustainable variant of succinic acid, called bio-succinic acid. This change will challenge the demand in the market, affecting the market growth rate in the forecasted period.

Succinic acid market is thronged with multiple major players striving to outdo another with new innovations, product launches and mergers & acquisitions strategy. Some of the key players are BioAmber, Anqing Hexing Chemical Co. Ltd., Reverdia, Gadiv Petrochemical Industries Ltd., Kawasaki Kasei Chemicals, Myriant Corporation, Showa Denko K.K., Succinity GmbH, and Nippon Shokubai Co., Ltd.

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Succinic Acid Market Report Highlights

  • In March 2019, Royal DSM and Roquette Frères, the parent companies of Reverdia, announced that the joint venture will be dissolved and the partners will transfer the rights and obligations related to Reverdia’s plant in Cassano, Italy, to Roquette.
  • Global industry is fragmented on account of the presence of numerous companies; however, most of these companies have switched to the production of succinic acid through the bio-based route. They invest highly in R&D to introduce the bio-based form that exhibits similar properties as that of the synthetic products. In October 2012, Reverdia and Helm AG signed an agreement to sell and distribute bio-succinic acid in Europe.
  • On the basis of applications, 1,4 BDO is expected to be the fastest growing segment in terms of volume and revenue. It is expected to grow at a CAGR of 12.0% from 2015 to 2022. Rising BDO consumption in the manufacturing of tetrahydrofuran (THF), which is used as a solvent in the pharmaceutical sector, is expected to have a positive impact on the industry.
  • Resins, coatings, dyes, and inks were the largest application segment valued at USD 23.0 million in 2014. Aerospace and electronics sector development in Asia Pacific countries including India and China is expected to promote demand.
  • On the basis of region, Asia Pacific is expected to be the fastest growing market at a CAGR of above 10.5% from 2015 to 2022. Lack of stringent regulations in the region is expected to be a key driving factor for the market. Cosmetic industry growth in China, India, and Japan is expected to further augment succinic acid demand over the forecast period.

U.S. Air Freshener Market Size Worth $2.18 Billion By 2025

According to a recent report published by Grand View Research Inc.,wide-scale consumer awareness along with product modifications is set to fuelmarket expansion.

According to a report, “U.S. Air Fresheners Market Analysis by Product Type (Aerosol/Spray, Electric Air Fresheners, Gels, Candles, Others) by Application (Residential, Commercial, Cars, Others), Competitive Analysis And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc. The U.S. air fresheners market was valued at USD 1.62 billion in 2016, registering a CAGR of 3.4%by 2025, as per a new report by Grand View Research Inc.Manufacturers are experimenting with new fragrances in order to pacify customer preferences in this market, and this trend is being adopted by the U.S consumers. Essential oil demand for several fragrances is at an all-time high presently, therefore hinting varied product diversification in this region.

The consumers are willing to pay a premium price for several aesthetic fragrances and this is encouraging air freshener companies to expand their product portfolio, thus, prompting growth in revenue in this region. The market is also driven by the consumer’s quest for their homes to smell good. In a recent survey conducted by the Census data and Simmons National Consumer Survey (NHCS), more than 80% of the U.S. population uses air freshener products, primarily for residential applications.

In 2017, the overall number of air freshener cans that have been sold were estimated to be more than 300 million, as more than 30 million U.S. residents have used 6 cans or more than in a year. These figures have showcased an excellent positive co-relation with disposable income indexes in the country.

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https://www.grandviewresearch.com/industry-analysis/us-air-fresheners-market

U.S. Air Fresheners Market Highlights

  • The sprays/aerosolled product type segment in 2017. This product generated the maximum demand among consumers due to its excellent odor-neutralizing properties that are enhanced by the chemicals present in the aerosol/spray cans
  • The candles segmentis set to project healthy growth, on account of its aesthetic fragrance and is driven by the rising disposable income. This region’s disposable income is demonstrating stability after an initial downfall during the 2014 – 2016 period
  • The residential segment is the largest grossing segment and will be the fastest-growing of the U.S. air freshener market. The residential segment accounts for more than 70% of the revenue share
  • The car segment is projected to witness the second-largest growth over the forecast period. The U.S. car sales is optimistically growing and is expected to continue this trend by 2025after a marginal upset in 2018
  • The air freshener market is also expected to benefit from the booming trend of non-essential expenditure’s outpacing essential spending in this demographic. The commercial segment held a revenue of USD 223.4 million in 2017 and is anticipated to grow at a CAGR of 3.2% by 2025

Germany Consumer Appliances Market Worth $20.8 Billion By 2025

According to a recent report, published by Grand View Research Inc., mature conditions for consumer market development in Germany and the surge in demand for home appliances is expected to impel the market growth in Germany in the forthcoming years.

According to a report, “Germany Consumer Appliances Market Size Report By Product Type (Major domestic and Minor domestic appliances), by Distribution Channels And Segment Forecasts, 2018 – 2025”, The technical and mechanical advancements in the home appliances products have contributed towards enhancing the way of life of individuals in Germany. A wave of change in the use of these products can be seen because of the increasing disposable income of German citizens and the fast urbanization patterns occurring in different parts of the world.

Under the consumer appliances industry, household appliances, also known as white goods has been segmented into two major parts, Major domestic appliances, and minor domestic appliances. This classification is based on the utility of appliances such as cooling, cooking, heating, and cleaning. For instance, refrigeration appliances, washing appliances (clothes washers, dryers, and others), room comfort (cooling systems, room warmers, fans, dehumidifiers, and others), water heaters, cleaning appliances (vacuum cleaners, dish cleaners, and others) and entertainment appliances and machines (TVs, Laptops, smartphones, and others).

The independent companies playing in this market generate their revenue based on highly effective advertising strategies and streamlined operations. The already established distribution channels such as large retailers have an edge over the newcomers in the distribution network related to this market. The big retailers are able to bargain with manufacturing companies for bulk purchases, offers, and discounts, whereas the big household appliances manufacturing companies have advantages as far as the production, operation, marketing, and distribution of products/ is concerned.

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https://www.grandviewresearch.com/industry-analysis/germany-consumer-appliances-market

Germany Consumer Appliances Market Report Highlights:

  • The German household appliances market is growing at a CAGR of 1.3% and is expected to reach USD 20.8 billion by 2025. Major reasons behind the growth being, recovery of the European economy, and the influx of smart appliances in the market.
  • By 2025, under the product segment, major household appliances are expected to reach a value of USD17.6 billion. This can be attributed to the growing purchasing power of the consumers in Germany.
  • The minor domestic appliances market is expected to reach USD 3.2 billion by 2025 with a CAGR of 0.8% during the forecast period.
  • The Germany household appliances market currently represents approximately 23% of the total European household appliances market.
  • Among the distribution channels, E-retailers like Amazon and Otto are growing the fastest at a CAGR of 1.6% followed by departmental stores like Aldi and Metro progressing at a CAGR of 1.5% during the forecast period.

Ice Cream Market Size Worth $78.8 Billion By 2025

According to a recent report published by Grand View Research Inc., the growing consumption of premium products particularly in developed regions such as Europe and North America, is accelerating the market expansion.

According to a report, “Ice Cream Market Size, Share & Trends Analysis Report By Product Type (Impulse, Artisanal, Take Home), By Region (North America, Europe, Asia Pacific, Latin America, MEA) And Segment Forecasts, 2018- 2025”, published by Grand View Research, Inc.The global ice cream market size is projected to reach USD 78.8 billion by 2025, registering a CAGR of 4.1%, as per a new report by Grand View Research Inc.The major market demand is anticipated to arise from developing countries of Latin America, Asia Pacific, and MEA. Countries including China and India have a prominent consumer base. This is a key factor driving product sales in terms of both value and volume.

Lactose-free ice creams are gaining immense traction as there is an increasing number of people suffering from lactose intolerance and food allergies. Therefore, health-conscious consumers are opting for lactose-free ice creams and this can create new opportunities for entrants to capitalize on this growing demand.

Companies are introducing many innovative flavors in the ice cream industry to increase their product acceptance. For instance, in 2017, Ben & Jerry’s introduced three new flavors in summer to increase their sale. The introduction of new flavors and variants is also projected to significantly contribute to the growing sales across the globe.

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https://www.grandviewresearch.com/industry-analysis/ice-cream-market

Ice Cream Market Highlights

  • Amidst the global Covid-19 pandemic, the consumer foods industry has experienced an extra mile of scrutiny to ensure food safely. In December 2020, China reported the detection of the novel coronavirus on the walls of ice cream cartons. Nearly 2000 cartons were seized in China’s eastern region
  • The market is driven by continuous innovations and product launches to attract more customers. For instance, the Fruity Pebbles in January 2021 launched a rice cereal bits coated fruity cereal milk light ice cream in colorful fruity swirl and flavors. The product is set to hit the shelves in February 2021
  • In January 2021, Hong Kong’s Igloo Dessert Bar  entered into a partnership with the U.S. fermentation dairy food tech called the Perfect Day to launch Asia’s first-ever vegan ice cream produced with real dairy products. The brand collaboration is dubbed Ice Age! And it promises to offer a line-up of eight hormone-free, lactose-free, and vegan-friendly ice creams
  • The impulse segment has dominated the market due to the presence of a large number of manufacturers, particularly in the developing economies in the Asia Pacific region

Air Coolers Market Size Worth $2.5 Billion By 2025

The global air coolers market size is expected to reach USD 2.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.8% over the forecast period. The market growth is attributed to affordability and efficient cooling, less power consumption as compared to AC, usage in outdoor space, and product innovation. Moreover, the product acts as a humidifier in dry weather and is environment and eco-friendly, thereby driving its demand.

Increasing demand for energy efficient, low power consuming, and eco-friendly cooling products is driving the market demand across the globe. These operate through the principle of evaporation. It uses simple air moving technique that pulls fresh air from outside driving through wet cooling pads, which absorb the heat from the surrounding and does not make it dry like ACs.

Air cooler does not use any harmful cooling agents such as CFC, HCFC, and other hydrofluorocarbons used in AC to cool the surrounding, thereby making it more eco-friendly. Growing concerns over energy consumption by ACs are increasing the inclination of consumers towards air coolers. They lower approximately 80% – 90% of electricity bill as compared to ACs, thus making them economical and energy efficient in the longer run.

Air coolers are not efficient to be used in humid and coastal areas, which is acting as a restraint to the market growth. However, product innovation is boosting the demand among developing economies. Technologically advanced products are penetrating the market in both developed and developing economies at a higher rate.

Remote control function for quick access to settings, speed of fan, and multi speed setting are finding it place in the market at higher rate than tradition air coolers. Innovative cooling pads such as Honeycomb also known as Cellulose cooling pad are decreasing the maintenance cost and increasing the cooling capacity.

By type, the air coolers market is segmented as tower, dessert, and others. Tower accounted for the largest market share in 2018. It is anticipated to register the fastest CAGR of 11.7% over the forecast period owing to the stylish design and compact nature. Consumers are more inclined towards these product types as they are easily portable and more economical. Moreover, they are compatible in dry as well as humid air, thereby making it a preferred choice among consumers.

Dessert air cooler and other air coolers such as personal, window, and mini portable air coolers are expected to witness significant growth over the forecast period. Dessert cooler held the second largest share in the market owing to its cooling capacity as it is larger in size. It needs to be kept outside the room to maintain its cooling capacity, if kept inside the room, the cooling capacity is affected.

By application, the market is segmented into residential and commercial. Residential accounted for the largest share of 80.0% in 2018 and is anticipated to witness the fastest growth over the forecast period. Rising temperature and increasing disposable income of growing middle class are expected to fuel the product demand in the residential segment.

Product demand is growing in the commercial segment due to its application in open air functions, where ACs cannot be installed. However, air ducts and central air conditioners are preferred for cooling as commercial space has a larger area. Groceries and retailer stores have showcased interest in adoption of air coolers owing to growing temperature and preference for cooler working environment.

Asia Pacific was the largest market in 2018, accounting for a share of 60.0%. The region is anticipated to witness significant growth owing to increasing temperature and substantial climate change. Demand is driven by adoption of air coolers in the residential as well as commercial sectors due to preference for cooling working environment and economically cheaper cooling product. In Asia Pacific, India holds the largest market share owing to large middle class population. Moreover, the country is the fastest growing market in the region owing to increasing number of manufacturers and competitive pricing.

Players in the industry strategize to expand globally by entering into niche markets through mergers and acquisitions and joint ventures. For instance, Symphony acquired Munters Keruilai Air Treatment Equipment Co., Ltd. to expand its reach in China.

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https://www.grandviewresearch.com/industry-analysis/air-coolers-market

Further key findings from the report suggest:

  • By type, tower accounted for the largest share in 2018 due to stylish design and compact nature
  • India held the largest market share in Asia Pacific in 2018 owing to large middle class population, increasing manufacturers, and competitive pricing
  • Key players operating in the global air coolers market include Symphony Limited; Bajaj Electricals Limited; Havels India Limited; Honeywell International Inc.; Aolan (Fujian) Industry Co., Ltd.; and Luma Comfort.

Liquid Soap Market Size Worth $26.64 Billion By 2025

The global liquid soap market size is expected to reach USD 26.64 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.34% during the forecast period. Rising us as a hygienic and convenient product is expected to drive the demand for liquid soap in commercial and residential application. High daily household consumption as a result of its excellent anti-bacterial properties and soothing fragrance is anticipated to further fuel the product demand.

Growing awareness regarding health and hygiene, especially among working class population is expected to promote the use of liquid soap products in household application. These products are available in fancy bottles with dispensers and are convenient to use. Commercial application is expected to expand at a CAGR of 4.5% from 2019 to 2025. Hotels, shopping malls, commercial real estate buildings, and hospitals are the major consumers in the market. Rising importance of facility management in these application areas as a result rising focus on personal hygiene of consumers is expected to promote the use of liquid soaps.

Asia Pacific is expected to witness fastest CAGR of 6.7% from 2019 to 2025. Growing awareness regarding health and hygiene, among consumers in developing countries such as China and India is expected to boost the product demand. Europe holds the second position in global liquid soap market.

Online distribution channel is expected to witness a CAGR of 7.8% from 2019 to 2025. Rising consumer preference due to the ease of product comparison coupled with doorstep delivery services offered by e-commerce portals is projected to boost the segment growth over the forecast period. Some of the key e-commerce portals include Amazon, AliExpress, Alibaba, and Flipkart among others.

Key players operating in this market include Reckitt Benckiser Group plc; Procter & Gamble; Godrej Consumer Products; Unilever; 3M; Lion Corporation; GOJO Industries, Inc.; Kao Chemicals; Bluemoon Bodycare; NEW AVON LLC.; and Pental Products. Companies are offering innovative products to gain greater market share. In Jun 2019, Reckitt Benckiser launched a wide range of products including bathing soaps, hand washes, and liquid soap among others under the brand name, Dettol. These products are claimed as free from parabens, talc, and dyes.

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https://www.grandviewresearch.com/industry-analysis/liquid-soap-market

Further key findings from the report suggest:

  • Conventional products is projected to expand at a CAGR of 5.0% from 2019 to 2025
  • Household application segment held the leading market share of 61.5 % in 2018
  • Asia Pacific held the leading market share of 35% in 2018
  • Major players operating in the liquid soap market are Unilever; Reckitt Benckiser Group plc.; Procter & Gamble; Pental Products; NEW AVON LLC.; Lion Corporation; Kao Chemicals; GOJO Industries, Inc.; Godrej Consumer Products; Bluemoon Bodycare; and 3M

Workwear Market Size Worth $42.1 Billion By 2025

The global workwear market size is expected to reach USD 42.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.8% over the forecast period. Growing importance of workwear for establishing a good image of the organization in the minds of its clients and associates among the manufacturing firms at a global level is expected to have a positive impact on the market growth. Furthermore, supportive investment friendly policies aimed at upscaling the output in the manufacturing sector of emerging economies including China and India by the national governments is expected to remain a favorable factor over the next few years.

The apparel segment is expected to dominate the market over the next few years. Growing popularity of advanced apparel products fortified with fabric technology, which provides adaptable and lightweight characteristics is expected to have a strong impact. Furthermore, new product launches in terms of development of new apparels, which are equipped with sensors that help in maintaining body temperature, are expected to open new avenues.

The women segment is expected to be the fastest growing category from the period of 2019 to 2025. Over the past few years, the industry participants has launched new products due to increasing participation of women in heavy and hazardous work. For instance, in June 2018, Vajor launched a new workwear for working class women under the brand, ‘Cape & Cloth’. Workwear comprises a wide range of products including clean cut jumpsuits, trousers, pocket dresses, versatile shirts, effortless tops, and relaxed blazers.

Asia Pacific is expected to be the fastest growing market, expanding at a CAGR of 6.9% from 2019 to 2025. Urbanization and infrastructure development in emerging economies including China, India, Thailand, and Philippines is expected to promote the establishment of new commercial set-ups and thus, in turn, will promote the use of workwear. Furthermore, increasing number of smartphone users in the above-mentioned countries is expected to drive workwear manufacturing firms to deploy online channels as a selling medium in order to expand their market reach over the next few years.

Key industry participants include Carhartt Inc.; Alamark, Alsico NV; Alexandra; A. LAFONT SAS; ADITYA BIRLA GROUP; 3M; ANSELL Ltd.; Honeywell International Inc.; and Kimberly-Clark Worldwide, Inc. Companies are adopting strategies such as mergers and acquisitions to increase their market reach. For instance, in January 2018, AHLSELL acquires OUTLET within workwear and personal protection in Västerås.

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https://www.grandviewresearch.com/industry-analysis/workwear-market

Further key findings from the report suggest:

  • Apparel products accounted for the largest share of more than 75.0% in 2018
  • Men category dominated the workwear market with a share of over 55.0% in 2018
  • North America dominated the industry in 2018, accounting for more than 45.0% share of the global revenue.

Writing Instruments Market Worth $22.9 Billion By 2025

The global writing instruments market size is expected to reach USD 22.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% over the forecast period. Growing awareness regarding the importance of education is expected to remain a key driving factor. Furthermore, increasing application of writing instruments used in promotional apparels and calendars is anticipated to drive the demand for these products in the upcoming years.

North America is expected to remain the fastest growing region, expanding at a CAGR of 8.3% from 2019 to 2025. This region is expected to witness growth on account of high spending power and constant innovative launches of new products, especially in U.S. Furthermore, high significance of education and increasing number of students and working professionals are generating more demand for these products in North America.

Asia Pacific dominated the industry in 2018 and is expected to witness significant growth in the coming years. This growth is attributed to growing awareness regarding educational importance and rapidly increasing population in the countries including China and India. This, in turn, is attracting more investors to invest in R&D so as to meet the needs and requirements of people for different skin types and needs.

Pen accounted for the largest share of 35.6% in 2018 owing to significant shift in the consumer preference from chemical to biodegradable and eco-friendly pens. Rise in the number of educational institutions and corporate offices globally has increased the demand for these products in different regions. Growing application of coloring instruments by artists and painters is anticipated to fuel the product demand over the forecast period.

Students accounted for the largest share in the industry in terms of application and generated a revenue of USD 7.8 billion in 2018. The working professionals segment is anticipated to expand at the fastest CAGR of 8.0% from 2019 to 2025. Growing incorporation of writing instruments in offices and ultimately in lives of working professionals is driving the segment.

Key industry players include Faber-Castle; Mitsubishi Pencil Co., Ltd.; Linc Pen and Plastics Private Limited; Luxor Writing Instruments Private Limited; Pilot (Pen Company); Flair Group of Companies; Newell Brands, Inc.; Hindustan Pencils Private Limited; Shanghai M&G Stationery Inc.; and Pentel Co. Ltd.

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https://www.grandviewresearch.com/industry-analysis/writing-instruments-market

Further key findings from the report suggest:

  • By product, the pen segment accounted for 35.6% share of the overall revenue in 2018
  • Pencil products accounted for a share of 24.4% for the year 2018
  • Europe is expected to register a CAGR of 7.9% from 2019 to 2025.

Gym Bag Market Size Worth $1.8 Billion By 2025

The global gym bag market size is expected to reach USD 1.8 billion by 2025, according to a new report by Grand View Research, Inc., registering a 7.9% CAGR over the forecast period. The growth in the market is driven by increasing consumer consciousness regarding fitness and the availability of various products and accessories to suit individual needs. Moreover, rapid growth of the fitness and wellness sector in Asia and South America, along with rise in sales of health and fitness equipment, accessories, and products used in the industry and increasing presence of health clubs and fitness centers in these regions are contributing to the growth of this market.

The market is also driven by increasing purchasing power of consumers in developing countries in recent years, which has propelled product demand. Growth of the middle-income population group in these countries has resulted in higher disposable income in recent years. This has enabled them to opt for on-trend, fashionable, and premium products in the health and fitness sector. Surge in new product launches and the impact of ecommerce are other key factors driving the global market. Leading manufacturers are looking to cater to varying consumer requirements when it comes to a gym bag. These are then being made available across a host of online and offline distribution channels.

Increasing number of people turning to healthier lifestyles has also inspired several multinational companies to encourage their employees to take up health and fitness club memberships, a trend that is likely to give the market a boost. Gym bags that are compatible with various smart and connected devices is a lucrative opportunity for players in the market.

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https://www.grandviewresearch.com/industry-analysis/gym-bag-market

Further Key Findings from the Report Suggest:

  • In terms of revenue, duffle bags are projected to register a CAGR of 7.5% over the forecast period
  • The offline channel led the market with a share of 86.6% in 2018. Varied products sold at supermarkets, hypermarkets, specialty stores, and others play a critical role in driving this segment
  • North America dominated the global gym bag market in 2018, accounting for 38.3% of the revenue that year. This trend is projected to continue over the next few years
  • A growing health and fitness industry, fueled by increasing awareness regarding fitness and well-being among consumers, is expected to propel the market
  • With increasing disposable income in India, South Korea, China, and Japan, these markets offer lucrative opportunities for growth in Asia Pacific
  • The industry is highly competitive in nature with the main players being JensenLee; Everlast Worldwide, Inc.; Chateau Manufacturing; Harissons; Nike, Inc.; ToteBagFactory; Herschel Supply Co. USA; and Adidas AG
  • Various manufacturers are concentrating on new product launches, capacity expansion, and technological innovations to estimate existing and future demand patterns from upcoming product segments

Hair Dryer Market Size Worth $10.05 Billion By 2025

The global hair dryer market size is expected to reach USD 10.05 billion by 2025 registering a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Increasing number of professional salons across the globe is expected to be the key factor for the increased sales of hair dryers. In addition, rising awareness about personal grooming is propelling the product demand. Corded products was the largest segment in 2018. Major manufacturers including Conair Corporation, Panasonic Corporation, Dyson Ltd., and Koninklijke Philips N.V. are introducing newer products to gain maximum market share.

For instance, in April 2018, Dyson Ltd. launched its most advanced product ‘Dyson Supersonic Hair Dryer’. The product features one of the lightest and smallest motor that can run at a speed of 110,000 rotations per minute. This dryer is designed for the precise air flow without any temperature fluctuation, which reduces the risk of hair, skin, and scalp damage due to heat. Thus, product and technological advancements are also projected to boost the market growth over the forecast period. Asia Pacific is expected to be the fastest-growing regional market at a CAGR of 5.6% from 2019 to 2025.

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https://www.grandviewresearch.com/industry-analysis/hair-dryer-market

Further key findings from the report suggest:

  • North America is the largest regional market; however, Asia Pacific is expected to witness the fastest CAGR of 5.6% from 2019 to 2025
  • Major companies in APAC have undertaken several strategies including extensive R&D and M&A to cater to the increasing demand for advanced products, which is a key contributing factor for the market growth
  • For instance, in November 2018, Panasonic Corp. launched two products, ‘Nanoe’ & ‘Double Mineral Hair Dryer EH-NA98’ in Malaysia
  • These products offer controlled temperature air flow, which reduces the hair and scalp damage due to heat
  • Corded products held a share of more than 80% in 2018. The cordless product segment is expected to register the fastest CAGR during the forecast years
  • Some of the Key companies in the hair dryer market include Conair Corp., Panasonic Corp., Dyson Ltd., Koninklijke Philips N.V., Sharp Corp., Revlon, TESCOM Co., Beauty Elite Group, Drybar, LLC, and Remington