Car Wash Services Market Worth $41.1 Billion By 2025

The global car wash service market size is expected to reach USD 41.1 billion by 2025, according to a new report by Grand View Research, Inc., registering a 3.2% CAGR over the forecast period. The growing trend of vehicle maintenance in order to boost its resale value is expected to boost the demand for car wash services in the coming years. Harmful chemicals that accumulate on the vehicle over time can cause the metal to corrode. These deposits are difficult to remove by merely cleaning with a sponge or brush. Moreover, these household cleaning products could result in scratches on the surface of the vehicle, further damaging the vehicle’s exterior. As a result, consumers prefer and trust professional car wash services. In addition, the hassle of self-cleaning is avoided thanks to such amenities.

As per the International Carwash Association (ICA), there has been a steady decline in home vehicle washes in the past 18 years. In 1996, 47.6% of consumers preferred washing their vehicles at home, whereas in 2014, only 28.4% of consumers opted for the same. This significant shift is owing to benefits such as speed, convenience, and efficiency offered by professional car wash operators. Growing consumer discretionary spending in certain countries is also expected to support market growth. Increasing awareness regarding wastage of water by washing vehicles at home is giving the market a major boost.

However, strict government regulations regarding water usage in professional vehicle washing services act as a restraint for market growth. For instance, in California, car wash services are required to reuse 50% of the water used during a car wash. To adhere to this requirement, operators are compelled to use zero-degree nozzles, which results in an added cost of investment and lower profit margins. Nevertheless, some operators see this as an opportunity to go green and are turning to waterless cleaning practices. Self-service vehicle washing is highly popular among consumers who prefer to wash their vehicles by themselves. Flexibility on the usage of foam, water, brush, and other equipment for car wash and payment only for the amenities they use are some of the factors behind the rising popularity of this service.

The market in the Middle East and Africa is estimated to witness steady growth over the forecast period owing to the increasing number of cars and improving economic conditions in numerous countries in the region. With a ban on washing vehicles in public spaces in several countries in the region, there is more scope for professional car washes. The scarcity of water in the region has also compelled operators to introduce innovative eco-efficient car wash techniques.

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https://www.grandviewresearch.com/industry-analysis/car-wash-service-market

Further key findings from the report suggest:

The self-service segment accounted for the second-largest market share in 2018 and will also register steady growth over the forecast period. Flexibility on the usage of cleaning supplies and payment only for the amenities used are some of the factors driving the popularity of this service
The roll-over/in-bay segment held the largest revenue share in the market in 2018 thanks to low operating costs and less space required for installation. The segment is anticipated to retain its lead through 2025
North America is the largest and most mature market for car washing solutions, with the U.S. accounting for more than 43.0% of the global revenue in 2018. More than 2 billion cars are washed in the region each year
Some of the key players operating in the global car wash services market are Mister Car Wash; Zips Car Wash; International Car Wash Group (ICWG); Autobell Car Wash; Quick Quack Car Wash; Super Star Car Wash; True Blue Car Wash; Magic Hand Car Wash; Hoffman Car Wash; and Wash Depot Holdings Inc.

Scented Candles Market Worth $545.2 Million By 2025

The global scented candles market size is expected to reach USD 545.2 million by 2025, expanding at a CAGR of 8.4%, according to a new report by Grand View Research, Inc. Shifting traction towards various therapeutic procedures including aromatherapy, massage, and spa in order to relax human’s body is expected to expand the market and scope for scented candles. Additionally, organically prepared scented candles to play a unique role in aromatherapy as they act as diffusers for fragrances, which can be inhaled easily by consumers.

The utilization of these candles in aromatherapy results in providing various benefits such as improving sleep, soothing sore joints, treatment of headaches and migraines, fighting bacterial infection, improving digestion, and boosting immunity. According to a research published in November 2016, in Pain Research and Treatment on “The Effectiveness of Aromatherapy in Reducing Pain”, it was found that the therapeutic procedure had a significant beneficial effect in combating pain. Such research studies are expected to play a key role in promoting the application of various therapeutic procedures and thus, in turn, will expand the market for scented candles over the next few years.

Product innovation is expected to remain a critical success factor over the next few years. In September 2019, iheartpopcandles launched the “McDreamy” candle inspired by a fictional neurosurgeon on Grey’s Anatomy, Dr. Derek Shepherd. The candle is being sold on Etsy for USD 20 and is expected to have a fragrance resembling a mix of sea and salt. In the same month, another manufacturer, Poundland launched three new cocktail-inspired scented candles, such as Rhubarb and Ginger, Bellini Surprise, and Prosecco Fizz.

In September 2019, Yankee Candle Company launched a candle range designed for any new parents of a newborn. The range is available in varieties of colors and emblazoned with different colored balloons expressing the gender of the baby. The larger jar is available for GBP 27.9 and the smaller jar is available for GBP 17.9. Available fragrances include clean cotton, soft blanket, cherry blossom, fluffy towels, and warm cashmere.

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https://www.grandviewresearch.com/industry-analysis/scented-candles-market

Further key findings from the report suggest:

The container-based segment accounted for more than 55% of the global market revenue in 2018. The dominance is attributed to easy access to these products through offline channels along with excellent convenience offered to the buyers. The pillar segment is expected to witness a CAGR of 8.1% from 2019 to 2025
The online segment is expected to witness the fastest growth at a CAGR of 9.2% from 2019 to 2025. Most major manufacturers are spending on the development of their in-house online distribution channels, in order to serve their buyers. Convenience stores accounted for more than 55% of the global scented candles market revenue in 2018
North America accounted for more than 35% of the global market revenue in 2018. The increased number of spa and massage center in the U.S. and Mexico is expected to keep the dominance of the region over the next few years

Serveware Market Size Worth $15.9 Billion By 2025

The global serveware market is expected to reach USD 15.9 billion by 2025, according to a new report by Grand View Research, Inc., registering a 3.7% CAGR over the forecast period. The growing popularity of ceramic ware and glassware in households across the globe has been propelling the market. The versatility of serveware in commercial applications is also a key factor driving the market. In addition to being aesthetically pleasing, these tableware are suitable for cooking as well as heating in the microwave/oven. The shortcoming of ceramics being breakable and fragile is overcome with the introduction of melamine serveware, which is known to be shatterproof and much more durable.

The growing trend of buffet system for various meals in restaurants across countries such as the U.S., the U.K., Italy, Hong Kong, China, and India has been a key factor boosting the demand for serving ware, including metal and ceramic chafing dishes. In several North American and European countries, breakfast and lunch buffets are very popular, and hosting such meals requires a lot of serveware, which is driving the market.

Players have been competing on design and product innovation, looking to incorporate some of the latest trends in the industry. For instance, EcoBurner’s patented range of chafing dishes is known to be safer, greener, and cleaner than gel and wick variants available in the market. These zero fuel waste burners and serveware produce 75% fewer carbon emissions, have no toxic fumes, and always stay cool to touch. The chafing dishes are being widely adopted across the globe, in countries like Dubai, Abu Dhabi, Mexico, Singapore, Amsterdam, the U.K., and Canada.

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

Further key findings from the report suggest:

By product, bowls and platters accounted for more than 30.0% of the global serveware market revenue in 2018. The dominance is attributed to high popularity and penetration of the products in restaurants and households across the globe
Chafing dishes will register the highest CAGR of 4.6% from 2019 to 2025 owing to rising demand for buffets and other dining systems across restaurants
Metalware accounted for the largest revenue share of more than 30.0% in 2018. Plastic tableware is expected to witness the fastest growth from 2019 to 2025 owing to the inexpensiveness and wide variety of these products
Key manufacturers include Le Creuset, Borosil Glass Works Ltd., Churchill China plc, Fiskars Group, La Opala RG Limited, and All-Clad Metalcrafters, LLC. New product launches are expected to be one of the key strategies among serveware manufacturers.

Lip Care Products Market Worth $1.18 Billion By 2025

The global lip care products market size is expected to reach USD 1.18 billion by 2025, exhibiting a CAGR of 7.2% over the forecast period, according to a new report published by Grand View Research, Inc. Rising consciousness regarding personal grooming among millennials and working-class population coupled with high demand for innovative products from women is projected to drive the market. In addition, a steady rise in the adoption of basic personal care products in a daily routine by men is expected to bode well for the growth. Moreover, the rising influence of media on beauty perception is anticipated to boost the product demand.

Lip care products contain a balanced concentration of ingredients, such as natural wax, butter, and botanical ingredients. The combination of these ingredients with antioxidant and anti-inflammatory properties help cure the dryness, cold sores, angular cheilitis, and split lips. A gradual shift in consumer preference from petroleum or wax-based lip protection products to organic ingredient-based products over the past few years has positively influenced the market growth. Moreover, rising awareness regarding protecting the lips from cold temperatures and dry air has propelled the product demand.

In 2018, Asia Pacific was the key consumer in the lip care products market, with a share of more than 35.0%, owing to the presence of high consumer consciousness regarding personal care and cosmetics in the countries, such as South Korea, China, and Japan. The U.S., on the other hand, is the largest and one of the most lucrative markets. The rising K-Beauty trend in one of the major factors fueling the skincare and cosmetics market. The craze for beauty and cosmetic products in these markets also represent some of the most sophisticated and selective cosmetics consumers. These consumer trends are expected to boost the demand for lip care products over the forecast period.

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

Further key findings from the report suggest:

The revenue from the Asia Pacific is expected to witness a CAGR of 7.6% from 2019 to 2025 as a result of increased expenditure on beauty among consumers from South Korea, China, and Japan, among other countries
Non-medicated lip products were the largest segment with a market share of more than 65.0% in 2018, owing to increasing demand for grooming products
The online sales channel is anticipated to register the fastest CAGR of 7.6% from 2019 to 2025 owing to the convenience and ease of shopping associated with the channel
Some of the major players operating in the lip care products market are L’Oréal S.A.; Revlon, Inc.; Kao Corporation; Bayer AG; Unilever PLC; Beiersdorf AG; Avon Products, Inc.; The Procter & Gamble Company; Pfizer Inc.; GlaxoSmithKline plc.; and The Clorox Company

Resistance Bands Market Worth $1.62 Billion By 2025

The global resistance bands market size is expected to reach USD 1.62 billion by 2025, expanding at a CAGR of 12.4% over the forecast period according to a new report by Grand View Research, Inc. Rising awareness for the fit and healthy lifestyle among millennials with a cost-effective fitness product which can be accessible in the least amount of space is the key factor for the augmented sales of resistance bands in the market. In addition to this, increasing applications of these bands such as in the rehabilitation centers, sports, and medical field across the globe is propelling the demand for resistance bands.

Over the past few years, exercise with these resistance bands has become one of the effective ways of functional training, which helps to gain body flexibility, muscle endurance, agility and it helps to boost cardio fitness too. These exercise bands are also beneficial for improving the body’s metabolism and hence widely used for weight management by many of the therapists. In addition, some of the physical therapists provide the resistance band training to arthritis. These factors are expected to expand the market scope of exercise resistance bands over the forecast period.

Health organizations across the globe are taking initiatives to decrease the rising physical inactivity in the millennials and the adults. According to a health and wellness journal ‘The Lancet Global Health’ published in September 2018, around 28% of the world population which is approximately 1.4 billion people in the world are inactive. In order to reduce this inactivity, WHO is set to reduce physical inactivity by 10% by 2025 and 15% by 2030 as per the new ‘Global Action Plan.

North America was the largest market for resistance bands with a share of more than 35% in 2018. The increased importance of fitness management programs among millennials in countries such as the U.S. and Canada as a result of rising health awareness from social media channels including YouTube and Facebook is expected to promote the resistance bands market scope of over the next eight years.

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https://www.grandviewresearch.com/industry-analysis/resistance-bands-market

Further key findings from the report suggest:

Asia Pacific is anticipated to be the fastest-growing market with a CAGR of 13.0% from 2019 to 2025 owing to increasing awareness towards the healthy and for lifestyle among the millennials and the working-class population in emerging economies including China and India.
Exercise bands were the largest product segment with a market share of more than 50% in 2018. This segment is expected to witness growth as a result of the increased utility of these products among fitness freak people in their daily workouts.
The online sales channel is the fastest-growing market segment with a CAGR of 12.8% from 2018 to 2025 owing to convenience and ease of shopping associated with the channel.
Key market players include Performance Health, LLC (TheraBand), Wacces Store, Black Mountain Products Inc., Prosource, ZAJ FIT, XTREMEBANDS, Bodylastics USA Inc., Four D Rubber Co Ltd, and Fitness Anywhere LLC

Specialty Gas Market Size Worth $14.2 Billion By 2027

The global specialty gas market size is expected to reach USD 14.2 billion by 2027, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to be positively influenced by growing demand from the manufacturing, electronics, and healthcare sector.

Specialty gases possess the potential to be extensively used in numerous end-use industries such as electronics and institutional research sector. Various types of specialty gases are manufactured from raw materials such as natural, atmospheric, and air derived gases. However, the manufacturing process requires continuous monitoring and special-purpose machinery, which makes it cost-intensive.

Utilization of improved medical technologies and increasing government expenditure on the healthcare industry is accelerating the applicability rate of specialty gases in various medical devices such as magnetic resonance imaging (MRI), nuclear magnetic resource imaging (NMRI), and ophthalmology.

Growing end-user industries, increasing demand for photovoltaic products, and plasma panel displays is touted to aid the market growth further. Manufacturing and healthcare companies are continuously investing in research and development operations to introduce advanced solutions for increasing scope of application and equipment efficiency.

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https://www.grandviewresearch.com/industry-analysis/specialty-gas-market

Further key findings from the report suggest:

Carbon gases was the largest product segment capturing around 27% of the market share in 2019 due to growing demand from various end-use industries such as chemical, oil, and food and beverages
The healthcare segment occupied the largest share in 2019 on account of its extensive use in devices such as NMRI, MRI, and ophthalmology
Asia Pacific is anticipated to be the largest regional segment in 2027 accounting for USD 6.4 billion owing to presence of numerous end-use industries such as healthcare, electronics, manufacturing, and pharmaceutical
Key players include Linde plc; Air Liquide International S.A.; Messer Group GmbH; Air Products and Chemicals, Inc.; Weldstar, Inc.; Mesa Specialty Gases & Equipment; Norco Inc.; Taiyo Nippon Sanso Corporation; and Showa Denko K.K.
Research & development activities, new product launches, and technological collaborations are some of the strategic initiatives taken up by leading companies in the market.

Gas Pipeline Infrastructure Market Size Worth $3,228.3 Billion By 2027

The global gas pipeline infrastructure market size is expected to reach USD 3,228.3 billion by 2027, expanding at a revenue/volume based CAGR of 3.4% over the forecast period, according to a new report by Grand View Research, Inc. Rising natural gas imports along with growing investments in infrastructure and network expansion are likely to strengthen the market demand.

The market is primarily driven by replacement of existing pipeline infrastructure owing to requirement for enhanced safety and emergency response planning. In addition, network expansion across several regions will further provide a major boost to the market growth. For instance, Gazprom invested RUB 5.9 billion on infrastructure expansion in the Sakhalin Region, constructing nine inter-settlement gas pipelines in between 2008-2018.

Technological advancements including smart pipeline pigs, advanced control systems, remotely operated automatic valves, and penetration of IoT integrated devices are likely to enhance the industry outlook. However, increasing gap between demand and supply of skilled manpower is expected to lead to cost overrun and project delays, thereby hampering the market growth.

The companies follow cost-of-service approach to charge transportation tariff from shippers utilizing their assets to transport gas and other liquids. The tolls are designed to allow the industry participants recover capital and operating costs, service debts, and provide a return to its investors. Higher return on investment is expected to positively influence the market growth. Industry participants are further adopting several strategic initiatives to enhance their foothold over the market. For instance, in December 2019, Pembina Pipeline Corporation announced acquisition of Kinder Morgan Canada Limited and U.S. portion of the Cochin pipeline.

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https://www.grandviewresearch.com/industry-analysis/gas-pipeline-infrastructure-market

Further key findings from the report suggest:

Gathering pipeline is the fastest growing segment, expanding at a revenue-based CAGR of 3.3% over the forecast period owing to the discovery of new reserves across several regions such as U.S. and China with gathering pipelines transporting gas from the production source to another facility for further refinement or transmission
Distribution pipeline accumulated the largest revenue share in the operation segment with USD 1,693.78 billion in 2019 owing to growing demand for natural gas in end-use sectors including residential/ commercial segment, gas power plants, and industrial/ manufacturing facilities
The transmission pipeline segment registered a revenue-based CAGR of 3.2% over the forecast period owing to rising gas pipeline imports and exports all across the world
The metering station segment is anticipated to attain a significant value of USD 1,856.61 billion by 2027 owing to the requirement for accurate measurements in fiscal metering and custody transfer transactions
Asia Pacific market is anticipated to witness fastest expansion with a revenue-based CAGR of 3.7% over the forecast period. Rising natural gas consumption in the emerging economies and growing reliance on imports from other regions is positively influencing the market growth in Asia Pacific
Some of the significant industry participants are Enbridge, Gazprom, TC Energy Corporation, Kinder Morgan, Pembina Pipeline Corporation, Saipem, Engas, Alliance Pipeline, National Oilwell Varco, ChelPipe, and Europipe GmBH.

Waste Heat Recovery System Market Worth $107.07 Billion By 2027

The global waste heat recovery system market size is expected to reach USD 107.0 billion by 2027 registering a CAGR of 8.8%, according to a new report by Grand View Research, Inc. Rising energy costs and stringent regulations concerning energy efficiency are expected to drive the global market.

Growing demand from major end-use industries, such as cement and metal production, is projected to drive the waste heat recovery system (WHRS) market. Furthermore, rising investments in emerging economies coupled with rapid developments in the construction sector are boosting the growth of this market.

Asia Pacific is expected to progress at the highest CAGR during the forecast period due to ongoing innovations in the field of industrialization. Recent years have witnessed rising demand for consistent and continuous electricity across the globe underpinned by strict emission standards, thereby encouraging product penetration. In addition, rising popularity of food processing units in conjunction with decreasing costs of low-temperature heat consumption is expected to offer a growth prospect.

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https://www.grandviewresearch.com/industry-analysis/waste-heat-recovery-system-market

Further key findings from the report suggest:

The market revenue was valued at USD 54.33 billion in 2019 and is estimated to register a CARG of 8.8% over the projected period
APAC is projected to register the fastest CAGR over the forecast period. China is expected to account for the maximum share in the regional market
North America is projected to be the largest regional market with U.S. accounting for the major share
Some of the key companies in the market include General Electric (GE); Siemens AG; Mitsubishi Hitachi Power Systems; Ormat Technologies; ABB Ltd.; Amec Foster Wheeler; Baker Hughes (a GE company); M.E. ENERGY Pvt. Ltd.; and Thermax Ltd.

Magnesium Alloys Market Size Worth $6.6 Billion By 2027

The global magnesium alloys market size is expected to reach USD 6.62 billion by 2027 registering a CAGR of 9.9%, according to a new report by Grand View Research, Inc. Increasing magnesium content per vehicle is projected to drive the demand of magnesium alloys products over the next forecast period.

Auto manufacturers are now shifting to lightweight materials, such as magnesium, aluminum, and composite materials, to reduce the emissions from vehicles. Rising preference for fuel-efficient vehicles is projected to boost the usage of such lightweight materials, thereby augmenting the product demand.

In terms of mass, magnesium is the lightest metallic material used in the die casting process. Magnesium alloys have 30% lesser density than aluminum, which boosts their usage in vehicles and aerospace applications. Also, as compared to aluminum and steel, these components can save nearly 25 to 40% and 55% of weights respectively.

Aerospace & defense sector is projected to provide numerous growth opportunities for the market as the product is widely used in airplane structures. China is a key producer of magnesium and accounted for more than 80% of the production in 2018, as per data published by the United States of Geological Survey. However, recent outbreak of coronavirus disease (COVID-19) is projected to hinder market growth in the country.

Numerous companies and research institutes are investing in R&D for the development of advanced products. This is likely to have a positive impact on the market growth. For instance, in July 2019, Monash University found a technique that can be useful in producing lightweight and stronger alloys for automotive and aircraft applications.

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https://www.grandviewresearch.com/industry-analysis/magnesium-alloys-market

Further key findings from the report suggest:

The automotive & transportation was the largest application segment in 2019 and is likely to expand further at the fastest CAGR during the forecast period
The growth of the segment is attributed to incessant production of vehicles and increasing magnesium content per vehicle
Asia Pacific held the highest volume share in 2019 and is projected to maintain its position during the forecast period
Rapid expansion of the automotive sector and increasing demand for electric vehicles (EVs) are anticipated to remain key drivers for the regional market
Key vendors in the global market are Magontec Ltd.; Magnesium Elektron Ltd.; Ka Shui International Holdings Ltd.

U.S. Contract Glazing Market Worth $11.5 Billion By 2027

The U.S. contract glazing market size is anticipated to reach USD 11.5 billion by 2027, registering a CAGR of 4.7% during the forecast period, according to a new report by Grand View Research, Inc. The growth in the commercial sector along with the increasing road accidents is anticipated to fuel the demand for contract glazing in the U.S.

Construction industry is the largest end user for contract glazing where the applications are spread across a wide range including both exterior and interior of the buildings. Exterior systems include curtain walls, storefronts, structural glass systems, sunshades, and panels, whereas the interior systems include doors and windows, mirrors, shower partitions, tabletops, bathtubs, and staircase railings.

According to the American Architectural Manufacturers Association (AAMA), storefront is the leading product over commercial windows and curtain walls for new construction and total non-residential buildings. With the increasing small-scale and large-scale buildings along with changing residential installation standards, glaziers are focusing on manufacturing storefronts and curtain wall systems that meet various requirements of regulatory bodies and consumers.

In the automotive aftermarket, flat glasses are widely used to repair and replace windshields, backlights, and mirrors. The Motor & Equipment Manufacturers Association (MEMA), a trade association for motor vehicle and mobility suppliers and parts manufacturers and remanufacturers in U.S., maintained and repaired more than 256 million vehicles, by April 2019. Thus, increasing construction activities, coupled with growing automotive aftermarket services, is anticipated to boost the demand for flat glasses in the country in near future.

Strategic partnerships and new product developments are popular strategies adopted by a majority of the players operating in the market for contract glazing. Key players including Benson Industries, Inc., Enclos Corp., and Harmon, Inc. are among the few vertically integrated from designing and engineering to fabrication and installation of curtain wall facade systems.

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https://www.grandviewresearch.com/industry-analysis/us-contract-glazing-market

Further key findings from the report suggest:

Insulated segment is expected to register the fastest CAGR of 4.9%, in terms of revenue, during the forecast period owing to increasing construction of hotels and office buildings in U.S.
Automotive accounted for a volume share of over 4% in 2019 considering the growing number of road accidents in U.S. leading to replacement of vehicle parts such as windshields and windows
Southeast U.S. held the largest volume share of over 25% in 2019, on account of the growth in the construction activities followed by high number of accidents in Florida, Kentucky, Alabama, and South Carolina
Tempered accounted for a volume share of 24.1% of the flat glass segment in 2019, considering its safety characteristics leading to its applications in the interior and exterior of buildings along with automotive aftermarket
The market is fragmented in nature with the presence of various key players such as Parmasteelisa North America; Enclos Corp; Benson Industries; Harmon Inc.; Gamma North America; and Binswanger Glass. Increasing customer base by opening new locations across the country is one of the strategic initiatives adopted by the key players