Europe Food Can Market Size Worth $12.56 Billion By 2025

The Europe food can market size is expected to reach USD 12.56 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for processed eatable products by the consumers in the region is expected to drive the industry growth.

The process of preserving food through their processing and sealing in an airtight container is known as ‘canning’. The shelf life provided through the use of the canning technique is usually 1-5 years, although some rare cases such as canned dried lentils can last as much as 30 years in the edible form. The concept of food cans has been around for as long as the early years of Napoleonic wars, wherein Nicolas Appert, a French confectioner and brewer, found a way to seal food in glass jars. This technique caught on rather quickly, with canned food becoming a status symbol in the European middle-class households. The Europe food can market has consequently seen rapid growth through the years.

Recycling Of Food Cans Has Numerous Advantages….

Food cans are found in all shapes and sizes, with a vast majority of countries around the globe having these products in commercial kitchens. They provide consumers with safe, nutritional and economical food options, with the added advantage of long-term shelf life and sustained food quality. Food cans are also environment-friendly, and the Can Manufacturer’s Institute and The Aluminum Association have sprung up some interesting facts regarding its usefulness and recyclability, such as:

Aluminum beverage containers can be recycled and put back on the shelf in just 2 months.
Steel food cans may undergo recycling multiple times without losing their quality or strength, giving them a long product cycle, while their recycling rate is 2.5 times higher than other packaging techniques.
Almost 75% of the aluminum produced in the United States is still being used presently, speaking volumes about its recycling capabilities.

Canned Food Has High Nutritional Value

Also, contrary to popular belief, food cans, be it for vegetables or seafood, help to maintain most of the food product’s nutrients. Majority of the minerals as well as fat-soluble vitamins such as A, D, E, K are all retained. However, the presence of water-soluble vitamins, such as B and C, may witness damage, as the canning process generally involves high heat. However, these vitamins may also be lost during cooking at home with fresh ingredients. Another fact to be noted is that while there may be decrease in the number of certain components in the product, they also help in increasing the amount of other healthy compounds.

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https://www.grandviewresearch.com/industry-analysis/europe-food-can-market

Further key findings from the report suggest

In March 2020, Ardagh Group came out with a brand new packaging for ‘The Long Little Dog’ wines. The designing of the can has been done keeping in mind the younger and outgoing consumers for whom ease of recycling and portability are of utmost importance.
Ball Corporation announced in March 2020 that it had earned the ASI certification (Aluminum Stewardship Initiative) for all of its Europe and EMEA beverage can plants. This is accompanied by a commitment to significant carbon reductions by Ball.
In February 2020, Crown Holdings announced that it would operating a new beverage can manufacturing facility in Bowling Green, Kentucky. The plant would be supplying beverage cans to the company’s customers in a number of categories such as sparkling water, nutritional beverages and carbonated soft drinks, among others.

Canopy Market Size Worth $2.1 Billion By 2025

The global canopy market size is expected to reach USD 2.1 billion by 2025, accelerating at a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. Provision for expanded outdoor space for seating and recreational purposes owing to the installation of canopies in nearby residential and non-residential buildings is expected to drive the product demand over the forecast period.

Increasing penetration of the product in commercial and residential sectors is anticipated to complement the growth of the market over the forecast period. This can be attributed to the rising installation of canopies in residential areas and above various commercial buildings for protection from heat, wind, and precipitation. PTFE canopies are widely used on account of their superior weather-resistant characteristics, thermal stability, and high durability.

Canopies are also preferred owing to the aesthetic appeal they impart to a space. Rapid growth of the residential sector in North American economies with rising trend of beautification of expanded living spaces with canopies are likely to propel the market growth. Furthermore, increasing popularity of inside-outside living and the availability of a wide range of product designs suitable for residential buildings are likely to augment the demand for the product.

Major players in the industry offer a wide range of products along with most suitable designs and innovative technology, which aid market players in gaining an edge over their competitors. Most of the players compete on the basis of providing customized designed to suit the exact requirements of end users. A variety of materials including PTFE, ETFE, PVC, glass, wood, and various metals can be used to design a product that is a perfect fit for the area of installation.

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

Further key findings from the report suggest

PTFE material segment accounted for 42.0% of the global revenue share in 2018
Non-residential segment is projected to grow at a CAGR of 3.9%, in terms of revenue, from 2019 to 2025, owing to extended space along with architectural aesthetics offered by the installation of the products
The canopy market in North America is estimated to witness a growth rate of 4.2%, in terms of revenue, from 2019 to 2025 due to increased adoption of canopy as shades in the residential sector for protection and enhanced aesthetics
China accounted for over 33.1% of the Asia Pacific market revenue share in 2018 owing to increasing penetration of the product

Ballistic Protective Equipment Market Size Worth $5.75 Billion By 2025

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

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

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

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

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http://www.grandviewresearch.com/industry-analysis/ballistic-protective-equipment-market

Further key findings from the report suggest:

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

Solar Tracker Market Demand To Reach 172.0 GW By 2025

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

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

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

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

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

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

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https://www.grandviewresearch.com/industry-analysis/solar-tracker-industry

Further key findings from the report suggest:

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

Agar Agar Gum Market Size Worth $345 Million By 2025

The global agar-agar gum market size is anticipated to reach USD 345.3 million by 2025, according to a new report by Grand View Research, Inc. shifting consumer preference towards animal-free products and popularity of dairy-based products to maintain healthy diets has resulted in significant market growth.

Does the term ‘agar-agar gum’ ring a bell for you? If it does not, well, in the near future, it definitely will. It is a gelatinous polysaccharide used in food products that is well-known amongst the vegetarian and vegan crowd, as shifting lifestyle choices across the globe has prompted various substitutes for animal-based items such as gelatin in the food industry. Gelatin, once highly popular and a crucial ingredient for baked goods, desserts, confectionaries and similar items, is now considered by many as “non-vegetarian” since it is derived from animal sources. This has pushed the demand of agar-agar gum, its ‘vegetarian substitute’, in many regions.

Of Great Nutritional Value

Agar is actually composed of two substances, namely agarose and agaropectin. The gum is derived from seaweed, extracted and processed under stringent conditions to produce powders, squares or strips which can be utilized directly in cooking or baking applications. The best thing about agar-agar gum is that it is colorless, flavorless and odorless, which eliminates requirement for any processing, and it is sold in the form of dehydrated flake or powder, and helps in attaining a “thick” texture, from custards to soups. Another feature of this product is that it is high in fiber, iron and calcium, while being devoid of fats.

The major difference between agar-agar gum and gelatin is that unlike the latter, agar-agar sets more firmly, maintaining its furnace even at high temperatures. Many of the dairy products need a firm gel structure, and this is where agar-agar comes into the picture. The gel helps in maintaining the shape and consistency of the products, thus preserving optical freshness. Even at lower concentration levels of 0.04%, the gel can provide stability and thickness to the food items without any technical assistance. The gel strength of agar-agar is also significantly higher, when compared to gelatin.

Agar-agar gum is synonymous with health benefits, and it is no wonder that the food industry has recognized its potential and moved quickly to integrate it in different products.

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https://www.grandviewresearch.com/industry-analysis/global-agar-agar-gum-market

Further key findings from the report suggest:

Agar-agar gum contains 80% fiber, minimal amount of carbohydrates, and no fats, which translates to very low calorie count.
Due to its high fiber content, it is used as a laxative as it moves rapidly in the digestive system.
Agar-agar gum has been incorporated in traditional eastern medicines for treating diabetes and constipation.
The product is rich in minerals such as potassium, magnesium and folate, and is ideal for weight loss plans, being used in Japan as such.

Consumer preference has started shifting towards animal-free products, and with gelatin being derived from animal sources, consumers have naturally moved away from it towards vegetarian substitutes.
The global population has steadily become health-conscious, which has led to the popularity of dairy-based products in consumer diet, again factoring in the growth of the agar-agar gum market.
The activity of seaweed harvesting and collection has been a major source of income to the rural fishing population of Spain, Portugal, Morocco, and Chile, among others, especially to the female demographic.
Major technological advancements have been made in this industry, such as metal scrapers, which ensure that large quantities of seaweed can be extracted with minimum effort.
New and improved techniques for pre-treatment, cleaning, dewatering, and filtration and gelation have been introduced, which has propelled the agar-agar gum industry.
With vegan and vegetarian diets now governing a significant number of households, creative cooking methods have taken a hold of the market. Textured foods and foamed products have also proved critical for market growth of the product.
Key companies in the industry include TIC Gums, AEP Colloids, Meron Group, Myeong Shin Agar, Marine Science Co., Ltd, Agarmex, Orient Resources Company, B&V, Titan Biotech Ltd, AgarGel, Central Drug House (P) Ltd., Agar Swallow, Agar Corporation, Ltd., AsionsChem, Indoalgas and Able Sales Company. These organizations are actively investing in R&D and supply chain management to improve their existing portfolio and boost the properties of agar-agar gums.

LPG Market Size Projected To Reach $147.76 Billion By 2024

The global li quefied petroleum gas (LPG) market is expected to reach USD 147.76 billion by 2024, according to a new report by Grand View Research, Inc. Increasing government initiatives to promote the use of LPG as an auto fuel especially in emerging economies is expected to boost the global market. Also, on account of various benefits offered by the product, such as low-carbon emissions, low cost, and operational benefits, its demand is expected to witness significant growth over the forecast period.

Liquefied petroleum gas is increasing as an attractive option for commercial properties combined with renewable and low-carbon technologies to integrate a reliable year-round power supply with carbon savings.

Refinery was the biggest source of LPG and accounted for over 40% of the total volume in 2015 and is expected to exceed a total volume of 165 million tons by 2024. The source of the fuel varies with area, for instance, the majority of the product demand in North America is derived mostly from natural gas processing, whereas Asia Pacific is dependent on refineries for its production. LPG produced from non-associated gas is expected to show significant growth over the forecast period due to increase in shale gas resources specifically in the U.S. and China.

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http://www.grandviewresearch.com/industry-analysis/liquefied-petroleum-gas-industry

Further key findings from the report suggest:

The global liquefied petroleum gas (LPG) market demand was 278 million tons in 2015 and is expected to exceed 380 million tons by 2024, growing at a CAGR of 3.6% from 2016 to 2024
Non-associated gas reserves are expected to witness the fastest growth over the forecast period in terms of market volume. The segment is expected to reach a total demand exceeding 118 million tons by 2024.
Residential & commercial application segment was valued over USD 55 billion in 2015 and is estimated to witness the fastest growth in next eight years. High demand as a chief cooking and heating fuel in residential as well as commercial sectors has been the major factor responsible for market penetration in the segment.
Auto fuel accounted for over 10% of the global LPG demand in 2015 and is anticipated to reach a total volume exceeding 30 million tons by 2024, growing at an estimated CAGR of 3.6% from 2016 to 2024
Asia Pacific liquefied petroleum gas market dominated the global consumption and accounted for over 33% of the total volume in 2015. Asia Pacific is anticipated to witness a high CAGR of over 4.9% during the forecast period. Increasing consumption of LPG in domestic usage such as cooking fuel coupled with government initiatives mainly in China, India, and Indonesia is expected to boost LPG demand in the region.
Key industry participants in operating in the global LPG market include Aygaz AS, Bayegan, China Gas Holdings Ltd., Chevron, Sinopec, ExxonMobil, Oman Oil Company, Petredec LPG, Phillips 66, Reliance Industries Limited (RIL), and Oil and Natural Gas Corporation Ltd.

Activated Carbon Market Worth $14.66 Billion by 2025

The global activated carbon market size is expected to reach USD 14.66 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 17.5% during the forecast period. Rising consumption of water and air purification in clinker cement industries and coal fired plants is anticipated to drive the demand for powdered and granular form of activated carbon.

Activated carbon has high porous structure and adsorption capacity, hence it is highly consumed in water and air purification process among numerous end-use industries. Applications in removal of toxic gases, acids, metallic particles, and mercury from coal and oil powered plants are expected to fuel the growth of the market. Changing lifestyle and increasing health awareness is expected to further drive the market in the forthcoming years.

In water treatment applications, it is consumed in municipal water treatment, domestic water purification and groundwater remediation. Pharmaceutical industry uses activated carbon as an antidote to poison caused by toxins ingestion. Applications into food and beverage industry includes removal of unwanted odor and color from the consumable products. Increasing environmental pollution due to vehicular emission and industrial gases is projected to drive the demand from air purification segment.

Various regulating authorities have made stringent regulations for environmental pollution control and have promoted activated carbon in water and air treatment plants, which in turn is estimated to propel the activated carbon market over the forecasted period. The European commission regulates water pollution and industrial wastewater discharge. The U.S. Environmental Protection Agency (EPA) governing mercury emission from coal power plants has recommended use of the product for removing chemical impurities. Implementation of these regulations is expected drive the product consumption over the forecasted period.

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https://www.grandviewresearch.com/industry-analysis/activated-carbon-market

Further key findings from the report suggest:

Air purification segment held the leading market share of over 40% in 2018. Growing awareness regarding health benefits of air filtration coupled with regulations such as the Clean Air Act is further anticipated to drive the growth
Water and wastewater treatment is expected to expand at an indicated CAGR of a 17.6% from 2019 to 2025. The growth can be attributed to increasing application in municipal plants, ground water remediation, and beverage industry
Asia Pacific continued to be the dominant region in 2018 as well as accounting for over 40% of the overall market share in the same year. Increasing usage in air and water purification and emergence of novel applications such as pharmaceutical and food and beverage industry in the region is expected to drive the product demand
Key players operating in the activated carbon market include Kureha Corporation; Carbon Activated Corporation; ADA-ES Inc.; Haycarb PLC; Carbotech; Carbon Resources LLC; Cabot Corporation; MeadWestvaco Corporation; and Calgon Carbon Corporation

Folic Acid Market Size Worth $466.2 Million By 2025

When it comes to Folic Acid Market, there are several factors which are causing the market to grow leaps & bounds. Increasing consumption of folic acid in promising applications in various verticals of pharmaceuticals and nutraceuticals sectors coupled with strict regulations is expected to propel the global market demand. Raising its utilization in food and beverage industry to increase the folic acid food fortification particularly in developed economies such as North America and Europe is also predicted to impact the global folic acid market positively. All these factors along with several other positive ones lead the market to reach expected growth of USD 466.2 million by 2025, according to a new report by Grand View Research, Inc.

Folic acids or Folate or vitamin B9 is a type of water-solvent vitamin required by the body to produce red platelets, and its deficiency causes anemia. Additionally, it is involved in the normal body development and advancement, generation of genetic materials, for example, DNA and RNA and other essential chemical & physical functions. It encourages cell and tissue growth and development. Folic acid is used in multivitamins supplements because it is better absorbed.

Folic acid support fetal development by preventing the risk of birth defects promotes sperm viability, improves cardiovascular system by minimizing the risk of heart attack, encourages normal cholesterol levels, provides neurological support, and helps perinatal mood management. Vitamin B9 is an essential nutrient found green and leafy vegetables, peas, broccoli, oranges, corn, grains meats, and cereal. Significant folic acid deficiency can lead to macrocytic anemia

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https://www.grandviewresearch.com/industry-analysis/folic-acid-market

Further key findings from the report suggest:

Rising occurrence of diseases and pandemic like COVID-19 makes it essential to develop new set of pharmaceuticals; and rising growth of pharmaceuticals and neutraceuticals leads to spurt in the growth of Folic Acid demand.
According to WHO, Globally, anemia affects 1.62 billion people, which corresponds to 24.8% of the population. The highest prevalence is in preschool-age children and the lowest prevalence is in men. Folic acid has proven benefits in fighting anemia. Large anemia affected population causes a growth in demand for Folic Acid.
Folic Acid is used in body supplements and is involved in the normal body growth & development, production of genetic materials such as DNA and RNA and several other bodily functions. This makes it indispensable for the healthcare industry.
Folic acid food fortification has been made compulsory in many developed economies such as the U.S., New Zealand, UK, and Australia. This fuels the market as well.
Folic Acid plays a major role in providing support to a pregnant mother in taking care of the baby, leading to the increased demand in the market.
Folic Acid is used in additives for the animal feed to help them grow devoid of any deformities and boost their immune system, leading to additional demand in the market.
Some Environment Protection Laws work against the manufacturing of Folic Acid. This proves to be an inhibiting factor for the market.
In the time pandemic (COVID-19), it is extremely important to keep your immune system at its peak. According to scientists, Folic Acid has several immune related benefits and along with other B complex vitamins, it plays a major role in keeping immune system up and running. In India, the National Nutrition Mission (NNM) has been set up with a three year budget of Rs.9046.17 crore commencing from 2017-18. The NNM is a comprehensive approach towards raising nutrition level in the country on a war footing. Iron and Folic Acid (IFA) supplements will be given and mapped in the country.

Fuel Cell Market Size Worth $33.09 Billion By 2027

Fuel cells are devices which convert the fuel’s chemical energy into electricity via a chemical reaction in the presence of an oxidizing agent. They can be of different types, but they all consist of an anode, cathode, as well as an electrolyte. They use hydrogen or other hydrocarbon fuels which are available in abundance, along with an oxidant (usually oxygen), to carry out an electrochemical reaction. This makes them one of the fastest growing alternate backup power options. Additionally, they are eco-friendly as their by-product only comprises nitrous oxide. They generate lower noise levels as compared to other incumbent technologies due to lack of moving parts and an efficient combustion process.

There are various types of such cells, the major ones being PEMFC (Proton Exchange Membrane), SOFC (Solid Oxide), PAFC (Phosphoric Acid) and MCFC (Molten Carbonate). Portable applications include consumer products such as laptops and mobile phones, personal electronics, Accelerated Processing Units, portable products and consumer products such as laptops and mobile phones. Stationary applications include Uninterrupted Power Supply (UPS), residential power and Combined Heat Power (CHP). Transportation applications include auxiliary power units and electric vehicles. Fuel cell vehicles, generally hydrogen fuel cell vehicles, have gained a lot of support and visibility in the past few years. With this in mind, fueling stations have seen a healthy growth in the past few years.

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https://www.grandviewresearch.com/industry-analysis/fuel-cell-market

Further key findings from the report suggest:

Governments of various countries have been pushing for their development and technological advancement due to their eco-friendly nature, which is expected to significantly drive the market.
The increasing need for reduced emissions and better fuel economy has resulted in development of fuel cell enabled commercial vehicles that utilize hydrogen fuel.
Various countries and participants are trying to successfully implement this technology at lower costs, which increases their market attractiveness.
However, their implementation and use also comes with a set of restraints. Most significant among them being cost, as even though technological advancements are being made in the field, they have still not been able to compete economically with traditional energy technologies, which includes gasoline internal combustion engines. Another issue with is that hydrogen storage and distribution is difficult, which provides hindrance to market growth. Vehicles based on this technology have their set of detractors, with the production, storage and cost of the technology being the most common point of argument. This is expected to hinder the future market.
North America dominates the market in terms of installed capacity and unit shipment owing to favorable regulatory scenario and technological advancement in this region. The U.S. Department of Energy has over 300 patents on fuel cell technology and is extensively involved in its research. Asia Pacific is the second largest market due to high demand from Japan and South Korea. The market in other countries such as China and India is also expected to increase due to an increase in the technological capabilities and government support. Europe is expected to witness fast growth in terms of their installed capacity primarily due to growing hydrogen fuel infrastructure in Germany, Norway, Denmark and Sweden.

Soap & Detergent Market Worth $207.56 Billion By 2025

The global soap and detergent market is expected to reach USD 207.56 billion by 2025, according to a new report by Grand View Research, Inc. The rising disposable income and rapid urbanization in developing countries are expected to increase the demand for soaps and detergents. The rising healthcare awareness coupled with government regulations to maintain hygiene and cleanliness in food processing, product manufacturing, and hotel is expected to drive the market growth.

Launch of innovative new product is another major factor contributing toward market growth. The demand for highly efficient and anti-allergic cleaning products is growing rapidly. The manufacturers are continuously focusing on innovative product development to cater the unmet needs of their customers. For instance, anti-allergy soaps and natural ingredients containing detergents are heavily adopted by consumers with delicate skin.

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

Further Key Findings From the Report Suggest:

Household detergents segment was the largest revenue generating segment of the market in 2016 due to escalating penetration of washing machines in the emerging economies
Household soaps is estimated to grow at the highest growth rate during the study period owing to rising population and escalating disposable income in developing regions
North America dominated the market in 2016 majorly due to the existence of well-developed economy and large textile industry in this region
The Asia Pacific market is estimated to grow at the highest rate during the forecast period. Rising number population and developing economies including India, China, and Indonesia, are major factors contributing to growth in this region
Some of the major players are Colgate-Palmolive Company; Unilever; Church & Dwight Co.; Ecolab Inc.; Procter & Gamble; Henkel AG & Co. KGaA; Lion Corp.; The Clorox Company; Reckitt Benckiser Group PLC