Shoe Shine Machine Market Worth $72.8 Million By 2025

The global shoe shine machine market size is expected to reach USD 72.8 million by 2025 registering a CAGR of 5.95%, according to a new report by Grand View Research, Inc. Rising number of working individuals along with increasing demand for quick shoe cleaning services is projected to drive the demand for shoe polishing machines. In addition, the advent of innovative compact, portable, and automated products with dual cleaning brushes and sensors will dive the demand further. Hands-free operation of these machines is also boosting their demand.

Growing product usage in 5-star hotels, business complexes due to rapidly expanding corporate sector will also have a positive impact on the market growth. The shoe shining machine market in Asia Pacific is anticipated to ascend at the maximum CAGR from 2019 to 2025. This growth is attributed to the rapidly expanding commercial construction sector and number of commercial areas, such as hotels, restaurants, and offices, in the region. In addition, increased consumer purchasing power in emerging countries, such as India and China, is driving the sales for automated shoe polishing products, thereby augmenting market development.

Major companies in the shoe polish machine market follow several strategic initiatives, such as product launches, acquisitions & mergers, and online sales, to expand their geographical reach. For instance, in April 2019, Moneysworth & Best launched its own website for selling their products, which include shoe shine machine, creams, cleaners, soles etc. Some of the prominent industry participants include HEUTE Maschinenfabrik GmbH & Co KG; Beck Shoe Products Co.; Moneysworth & Best; Sunpentown, Inc.; Euronics Industries Pvt. Ltd.; and Dolphy India Pvt. Ltd.

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https://www.grandviewresearch.com/industry-analysis/shoe-shining-machine-market

Further key findings from the study suggest:

The automatic product segment is projected to account for the largest revenue share over the next few years
The commercial application segment led the global shoe shine machine market in 2018 and accounted for a share of more than 80%
North America was the dominant regional market in 2018 and is projected to retain its position throughout the forecast years
However, APAC is estimated to register the fastest CAGR from 2019 to 2025 due to rising disposable income levels in emerging countries like India, South Korea, China, and Japan

Organic Soap Market Size Worth $383.4 Million By 2025

The global organic soaps market size is expected to reach USD 383.4 million by 2025, according to a new report by Grand View Research, Inc., registering an 8.1% CAGR during the forecast period. Rising awareness regarding environment conservation and increasing water pollution caused by harmful chemicals present in personal care products, including parabens, triclosan, phthalates, triclocarbon, and aluminum salts, are key factors driving the market.

Over the past few years, governments of several countries have been banning harmful chemicals used in cosmetics and personal care products in order to promote organic, herbal, and all-natural soaps. This is further fueled by growing consumer awareness regarding synthetic chemicals present in toiletries like hand and bathing soaps. In addition, consumer preference for natural ingredients in personal care products is supported by the efforts of various certification bodies such as The International Natural and Organic Cosmetics Association (NATRUE). The association mandated that at least 95.0% of physically processed agro-ingredients in rinse-off products such as soaps and shampoo must be organic. These initiatives, and evolving consumer trends are expected to boost product demand over forecast period.

The landscape of the liquid organic soaps segment is fragmented in nature due to the presence of a large number of players. Liquid soaps are preferred by consumers over bar soaps as they are more hygienic. Customers are becoming more aware regarding family bathing products and are offering a host of organic and natural personal care products. Key manufacturers such as SUNDIAL BRANDS LLC; Lush Retail Ltd.; Osmia Organics, LLC; EO Products; Pangea Organics, Inc.; and Brittanies Thyme are launching new products in order to cater to increasing product demand. For instance, in April 2019, Korkut Oil Soap Industries Inc. introduced a liquid soap made from unique ingredients: goat milk and extra virgin olive oil. The product, called ‘Olivos Goat Milk Liquid Soap’, helps delay signs of aging and removes dead skin.

Europe is expected to emerge as the fastest growing organic soap market over the course of the forecast period, registering a CAGR of 8.7% from 2019 to 2025. Manufacturers are launching new products that are organic, herbal, cruelty-free and chemical-free in order to cater to evolving customer demands. Over the past few years, Germany, France, and U.K. have seen an increase in product launches. For instance, in September 2016, Lush Retail Ltd., a U.K.-based manufacturer of natural personal care products, launched its concept retail store in Milan and Berlin where products are sold in innovative, packaging-free alternatives. Product information is provided by a mobile app and customers can take their products in ethically-sourced regenerative containers made from cork.

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https://www.grandviewresearch.com/industry-analysis/organic-soaps-market

Further key findings from the report suggest:

Liquid product variants are expected to witness the fastest growth, exhibiting a CAGR of 8.4% from 2019 to 2025. Liquid soaps are preferred by consumers over bar variants as they are more hygienic
The online distribution channel is expected to witness the fastest growth by the end of the forecast period, generating a revenue of USD 75.3 million by the end of 2025
North America is the dominant market and accounted for more than 30.0% of the global revenue in 2018 owing to high concentration of U.S-based manufacturers
Key players in organic soap include SUNDIAL BRANDS LLC; Lush Retail Ltd.; Osmia Organics, LLC; EO Products; Pangea Organics, Inc.; and Brittanies Thyme.

Lithium Market Size Worth $4.93 Billion By 2027

The global lithium market size is anticipated to reach USD 4.93 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 1.9% from 2020 to 2027. Growing battery production across the globe on account of increasing demand from the end-use industries is anticipated to augment market growth.

Lithium is found in the form of compounds and not as a single element on account of its high reactivity. Of all its compounds, Li₂CO₃ is the most stable and is further used for preparation of other compounds. Demand for Li₂CO₃persists owing to its high availability and low cost in comparison to others.

Increasing demand for lithium from end-use industries is propelling manufacturers to expand their production. For instance, in April 2019, General Lithium Corp announced about its plan to construct a plant for producing lithium carbonate equivalent (LCE) from spodumene mineral in China. The plant’s capacity is expected to be 60 kilotons of LCE per annum. The company aims at finishing the plant construction by end of 2020.

Growing demand for lithium, supported by its increasing production can be obstructed in 2020 owing to the coronavirus outbreak in the world. Battery is the major application of lithium and the temporary shutdown of major manufacturing facilities of consumer goods, electric vehicles, and batteries is anticipated to impact the market growth. However, certain Chinese manufacturers are expected to resume operations as of April 2020, which can be considered a positive sign.

There are various countries in the world that have been majorly hit due to the coronavirus outbreak. For example, Miners in Peru have halted their operations to prevent further spread of the virus. As of March 17, 2020, Chile, which is amongst the top 5 producers of lithium, reported over 200 coronavirus cases, which led to shutting down of schools, borders, and prohibition of gatherings. This resulted in disruption of the lithium supply chain, as SQM, one of the largest manufacturers in the market, reported the cut down of shipments to China by 2 kilotons.

Automotive accounted for the largest market share in 2019 on account of growing penetration of electric vehicles (EVs) in the industry, which is propelling the demand for lithium-ion (Li-ion) batteries. Growing demand from the battery sector, especially in China, has boosted lithium production. For example, in January 2020, Youngy announced its plan to build a plant in Kangding, Sichuan province worth USD 201 million for processing 1.05 million tons of lithium ore per annum.

The global market has been characterized by high competition owing to presence of major manufacturers in the industry. Albemarle, FMC Corporation, SQM, Tianqi Lithium, and few more players dominate the market. Mergers and acquisitions is a key strategic initiative in the market in order to gain a greater market share. For instance, a joint venture was announced in February 2019 between China’s Xinjiang TBEA Group Co Ltd and Bolivia’s Yacimientos de Litio Bolivianos for lithium production.

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

Further Key Findings from the Study Suggest:

Asia Pacific anticipated to expand at the fastest CAGR across the forecast period in terms of volume owing to increasing government initiatives pertaining to adoption of electric vehicles, which is leading to growing production of li-ion batteries in the region
By application, grid storage is expected to emerge as the fastest growing segment with a revenue-based CAGR of 2.1% from 2020 to 2027 on account of growing emphasis towards clean energy, leading to increasing energy storage capacities in several nations
Li₂CO₃ accounted for the largest volume share of 60.0% in 2019 owing to its abundant availability and stability in nature
Consumer goods is expected to emerge as the second fastest growing segment with a volume-based CAGR of 4.0% from 2020 to 2027, considering increasing production of smartphones across the globe
Oversupply of lithium and advancements in the technology are leading towards decline in its prices. As a result, companies are postponing their capacity expansion plans. For instance, SQM postponed its planned expansion in Chile until late 2021 owing to weak lithium prices and quick evolution in battery requirements.

U.S. Wastewater Secondary Treatment Equipment Market Worth $2.1 Billion By 2027

The U.S. wastewater secondary treatment equipment market size is expected to reach USD 2.1 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 2.8% during the forecast period. Rising demand for wastewater treatment plants owing to increasing number of new users getting connected to centralized treatment systems is expected to translate into upgradation of existing treatment facilities or construction of new wastewater treatment facilities.

A positive government outlook with respect to funding coupled with stringent regulations and standards for wastewater treatment for both municipal and industrial sectors is expected to drive the market over the forecast period. Wastewater secondary treatment equipment such as the Membrane Bioreactor (MBR) provides more effective removal of suspended and organic solids as it integrates the membrane filtration process with the conventional activated sludge process thereby offering advanced level filtration coupled with high-quality effluent.

Packaged MBR systems are becoming increasingly popular as they offer several benefits including small footprint, less installation and commissioning time, and reduced construction labor and engineering. In addition, these systems can be designed & assembled as per the customer specific requirements as well as the space available for installation. Factors such as population growth and ongoing new housing developments are expected to drive the need for either new capacity construction or existing capacity expansion of municipal wastewater treatment plants which in turn is anticipated to drive the demand in the municipal application segment.

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https://www.grandviewresearch.com/industry-analysis/us-wastewater-secondary-treatment-equipment-market

Further key findings from the report suggest:

The Sequencing Batch Reactor (SBR) segment is projected to expand at a CAGR of 3.5% from 2020 to 2027 owing to its advantages in terms of operational flexibility and control coupled with suitability for applications with limited space availability
The Moving Bed Biofilm Reactor (MBBR) segment is expected to witness substantial growth as they employ biofilm carriers that offer increased surface area for the microorganisms to grow thereby reducing the overall footprint of the system
The wastewater secondary treatment equipment demand in the industrial application segment accounted for a share of 38.3% in terms of revenue in 2019, owing to stringent effluent discharge regulations coupled with rising investments in various industrial sectors
Market participants are investing in R&D in order to develop highly efficient products that cater to the changing technological requirements from various end-use industries especially the ones with high wastewater volume
For instance, in September 2018, Smith & Loveless launched a new design of its TITAN MBR that comprises of smart automation, touchscreen PLC controls, robust construction, and minimal O&M requirements

Medium Density Fiberboard Market Size Worth $61.3 Billion By 2027

The global medium density fiberboard market size is expected to reach USD 61.3 billion by 2027, expanding at a CAGR of 6.6%, according to a new report by Grand View Research Inc. Growing product utilization as a low-cost alternative to the plywood and wooden panels is likely to support the industry.

Medium density fiberboard (MDF) panels find use in numerous applications such as siding, flooring, window panels, and door panels in the construction industry. These panels have the potential to replace other construction materials including cement, glass, plywood, and plastic in the aforementioned applications. As a result, the growth of the construction industry is expected to have a positive impact on the demand for the panels over the forecast period.

Medium density fiberboard panels are recyclable and readily available in the market in various types and sizes, at competitive prices. Innovations in the traditional woodworking industry to produce furniture from more sustainable products coupled with the growing demand for ‘do-it-yourself’ modular furniture products are anticipated to have a positive impact on MDF market growth.

Medium density fiberboard products are progressively replacing plywood products in the furniture-making industry. Major manufacturers are working on developing customized fiberboard products to satisfy specific requirements stated by furniture manufacturers. Additionally, industry players have established long term supply contracts to offer better pricing and plan their production activities.

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https://www.grandviewresearch.com/industry-analysis/medium-density-fiberboard-market

Further key findings from the report suggest:

The E0 segment is expected to ascend at the fastest volume-based CAGR of 6.3% over the forecast period on account of growing consumer awareness pertaining to the health hazards caused due to high levels of formaldehyde emission
In 2019, the revenue for furniture application in the Asia Pacific region stood at USD 14.2 billion and is projected to witness an significant growth over the estimated period owing to rising demand for the affordable modular furniture products in the region
In North America, the demand for E1 type MDF is anticipated to witness a volume-based CAGR of 3.9% pace owing to the adoption of stringent formaldehyde emission norms in U.S. and Canada
The standard MDF segment is likely to witness a revenue-based CAGR of 4.5% in Middle East and Africa owing to rising product utilization in the production of luxurious, aesthetically appealing, and high-end furniture units
Implementation of strict formaldehyde emission norms in Europe and North America are driving the prominent players in the market including Kronospan Limited and Nordbord Inc. to produce MDF with low formaldehyde emission properties.

Industrial Batteries Market Worth $27.4 Billion By 2027

The global industrial batteries market size is projected to reach USD 27.44 billion by 2027 registering a CAGR of 6.0%, according to a new report by Grand View Research, Inc. High demand for back-up power batteries in grid-level energy storage application for solar and wind power projects will boost the market growth during the forecast period. Moreover, increasing usage of these batteries in various applications, such as UPS and motive power, is anticipated to drive the market. Industrial batteries offer benefits, such as reduction in manufacturing cost, high durability, lower maintenance costs, and low discharge rate capability, which is expected to increase their demand further.

Easy availability of batteries of different specifications and sizes will also augment the market growth. Lead acid batteries are relatively cheaper than other batteries and are can be manufactured using lesser technology equipment, which in turn will drive market their demand in the near future. Increasing investments by major manufacturers coupled with the growing number of renewable energy projects with battery storage capability are likely to drive the market. However, volatility in raw material prices will pose a restraint for the market growth.

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https://www.grandviewresearch.com/industry-analysis/industrial-batteries-market

Further key findings from the report suggest:

Lead acid battery segment accounted for the largest market share in 2019. Due to growing power demand, national grids are getting pressurized resulting in the increased demand-supply gap for power, which is eventually driving the demand for battery for back-up systems in industrial applications
Lithium-based batteries accounted for the second-largest market share in 2019 and is projected to register the highest CAGR during the forecast period
This growth is attributed to the rising demand for lithium-based batteries as they are cost-effective
The motive power end-use segment accounted for the largest market share in 2019, whereas grid-level energy storage application is projected to expand at the fastest CAGR during the forecast period
Asia Pacific is forecasted to witness the highest growth from 2020 to 2027. Rapid expansion of industrial sector in China, India, Japan, and South Korea has triggered the demand for industrial batteries in the region
China is expected to be one of the promising markets in light of energy storage technologies and favorable government support to promote investments in manufacturing sectors
Major companies in the market have adopted various organic and inorganic growth strategies to expand their product portfolio and geographical footprint

U.S. Toilet Partitions Market Worth $1.02 Billion By 2027

The U.S. toilet partitions market size is expected to reach USD 1.02 billion by 2027, registering a CAGR of 4.5% during the forecast period, according to a new report by Grand View Research, Inc. Growing commercial construction activities in the country have led to a rise in toilet installation and this is predicted boost product demand in the forthcoming years.

Product manufacturers are actively working on designing vandal-resistant toilet partitions to increase product life. Companies are focused on providing anti-graffiti-coatings that can be easily cleaned with simple non-abrasive cleaners. In addition, vandal-resistant components such as fasteners, hinges, and knobs are being utilized to counter the nuisance of vandalism.

The market for toilet partition faces little-to-no threat of substitutes. However, internal substitution in terms of materials has been observed. Players are looking to switch to low-cost alternative materials, such as High density Polyethylene (HDPE), owing to its longer lifespan, corrosion-resistant properties, cost effectiveness, and superior performance.

Industry players supply and market their products through multiple distribution channels such as direct supply, third-party distributors, direct-supply agreements with construction companies, and through e-commerce platforms. Product manufacturers work closely with architects and interior designers to provide highly customized toilet partitions specific to their requirements.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-toilet-partitions-market

Further key findings from the study suggest:

The others segment, which includes partitions made out of phenolic core, is projected to witness the fastest CAGR of 5.9% over the forecast period, which can be attributed to enhanced durability, extended lifespan, cost benefits, and light weight of these materials
Southeast U.S. accounted for the largest share of 26.7% in 2019, fuelled by considerable growth in commercial construction on account of government initiatives to develop public infrastructure
High capital investments for setting up new manufacturing facilities and establishing a strong distribution network are likely to be an entry barrier for new entrants
Industry participants compete on the basis of price differentiation and goodwill, resulting in intense competition within the industry. In addition, brand loyalty and brand recognition play an essential role in gaining a competitive edge

Essential Oils Market Demand To Reach 473.31 Kilotons By 2027

The global essential oils market demand is expected to reach 473.31 kilotons by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 7.5% from 2020 to 2027. Aromatherapy is rapidly gaining momentum as a convenient method of healing lifestyle diseases, which is contributing to the demand for essential oils. It is also important to notice that sales are closely related to consumer education-the more consumers are informed regarding applications and usage of essential oils, greater is the sales.

Essential oils are majorly composed of terpenes and their oxygenated derivatives, which usually include monoterpenes and sesquiterpenes. They are present in specialized cells/glands in various plants and the position of these glands varies depending upon the morphology and physiology of the plant. During manufacturing process, these glands are ruptured by pressing or by application of heat, which emanates aroma. The product is composed of aromatic compounds, which are volatile as well as hydrophobic in nature.

A majority of the consumers demand essential oils for various purposes, such as for enhancing air freshness at home by adding drops in aroma pots or aroma diffusers, which diffuse oil in the form of atomized particles, and in aroma bath by adding oils to the water. Young women use these products for making homemade cosmetics owing to their natural content and medicinal benefits.

Rising demand for organic products is another factor influencing consumer trends. Further implementation of regulations favoring the use of environmentally friendly ingredients in cosmetics and food and beverage industry has awakened people’s interest to seek products made from natural ingredients. The industry has witnessed a sharp increase in demand for 100% plant-based products that are devoid of synthetic fragrances and animal-derived components. As a result, majority of the population is turning to organic products to gain health benefits.

Owing to the outbreak of coronavirus around the world, many of the countries are observing lockdown situations. This is expected to lead to major raw material shortages, disruption in supply chain, and increased prices of highly demanded products in the next two to three quarters. Moreover, restrictions on imports and exports of goods by any means from most of the South East Asian countries can worsen the situation in the coming months. However, on the brighter side, the temporary closure or slowing down of manufacturing plants of synthetic flavors and fragrances in China can be seen as an opportunity to the essential oil distillers as the manufacturers may turn to the smaller vendors to fulfil their raw material requirements.

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

Further key findings from the study suggest:

In terms of revenue, the orange oil product segment is expected to expand at a CAGR of 7.4% over the forecast period
In 2019, food and beverages application emerged as the second largest application segment with a share of 38.6% in terms of volume
Asia Pacific is projected to witness the fastest growth over the forecast period.

U.S. Vaginal Moisturizers And Lubricants Market Worth $1.0 Billion By 2027

The U.S. vaginal moisturizers and lubricants market size is expected to reach USD 1.0 billion by 2027, expanding at a CAGR of 8.7% during the forecast period, based on a new report by Grand View Research, Inc. Market growth can be attributed to the increasing target population, growing demand for vaginal lubricants, and increasing awareness regarding sexual health among women. According to the Study of Women Across the Nation (SWAN), more than 2,400 women above the age of 17 and around 19.0% of women aged 42 to 53 suffer from vaginal dryness. Thus, increasing incidences of dryness is likely to drive the market for vaginal lubricants and moisturizers over the forecast period.

Various social media movements, such as the third wave of feminism, is aimed at breaking taboos around sexual health and assisting in changing the general attitude towards sex. Over the past few years, the sexual wellness market has shifted focus toward women’s products. Companies are offering conventional products with glamorous packaging, hence, helping to create more awareness around sexual health.

A considerable number of young people not aware of sexual health can increase the prevalence of STDs. September is considered as a sexual health awareness month in the U.S., which is expected to raise awareness among citizens about sexual health and wellness. A significant number of women suffer from vaginal dryness; however, they do not seek medical help, which is likely to hinder the market growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-vaginal-moisturizers-lubricants-market

Further key findings from the report suggest:

By distribution channel, retail dominated the market and is likely to witness the fastest growth over the forecast period
An increasing number of fashion retailers are offering sexual wellness products, which is expected to introduce the younger generations to more sexual health and wellness products. A liberal lifestyle and social acceptance have led to the growth of adult stores around the country
In November 2018, Durex formed a partnership with RED. This partnership was aimed at supporting its mission to end AIDS. Funds generated from the sale of the Durex RED condom were to be invested in South Africa where over 7.2 million people have HIV/AIDS
Searchlight Pharma announced Fonds de solidarité FTQ and Emerillon Capital as the new strategic financial partners in October 2017. The partnership is expected to assist the growth of Searchlight Pharma.

U.S. Healthcare Discount Plan Market Size Worth $3.3 Billion By 2027

The U.S. healthcare discount plan market size is expected to reach USD 3.3 billion by 2027 and is expected to expand at a CAGR of 9.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rising healthcare costs, increase in the prevalence of lifestyle-related diseases, and high out-of-pocket expenditures are driving the adoption of healthcare discount plans to promote affordable treatment and curb healthcare costs in U.S.

Increasing number of investments, new package launches, public-private partnerships, joint ventures, and mergers & acquisitions among key payers and providers to deliver affordable healthcare solution are expected to boost market growth. Moreover, increase in demand for improving treatment quality and outcomes and providing coordinated patient care is further fueling market growth. For instance, in June 2019, United Healthcare launched United Healthcare Hearing, a new service that offers affordable and quality hearing solutions. The company also donated 20,000 reusable silicone plugs to fire departments and police nationwide as part of a public awareness campaign.

Increasing demand for low-cost vision care, dental care, chiropractic care, hearing aids, and prescription drugs plan for individuals as well as families that are not covered under insurance is anticipated to drive the demand for healthcare discount plans, thereby positively impacting the market growth in the near future. Moreover, rising burden of chronic diseases and other conditions and the need for affordable and hassle-free treatment are further boosting the demand for healthcare discount plans.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/us-healthcare-discount-plan-market

Further key findings from the study suggest:

By service, the others segment held the largest revenue share of almost 20.0% in 2019 owing to availability of advanced discount plans and additional benefits offered on diabetic supplies, X-Rays, medical supplies, PET, MRI, and CT scans, endoscopies and mammography, laboratory tests and services
The dental care segment accounted for the second largest revenue share as of 2019
Prescription drugs and wellness plans are other key potential services that accounted for a substantial market share in 2019 owing to high demand from end users.