Retro-Reflective Materials Market Size Worth $30.2 Billion By 2025

The global retro-reflective materials market size is expected to reach USD 30.2 billion by 2025, expanding at a CAGR of 26.5%, according to a new report by Grand View Research, Inc. Increasing demand for light and heavy commercial vehicles coupled with growing vehicle safety concerns is anticipated to promote the market growth.

Amplifying demand from the automotive industry across the globe is projected to propel the industry growth. In addition, rising use of retro reflective paints for traffic control and road marking is anticipated to boost the demand. Moreover, the growing construction activities in the economies in Asia-Pacific are likely to further benefit the retro reflective materials market.

The introduction of advanced products in the wake of rising concerns regarding workplace safety coupled with the presence of stringent regulations is expected to drive market growth. Reconstruction of highways and roadways across the globe is likely to propel the demand for such paints and tapes, due to high use in applications that enable superior visibility, which is further expected to drive retro-reflective materials market growth.

Factors such as stringent government regulations across the economies related to workers safety is projected to promote the use of retro reflective tapes, paints, and coatings across industrial and road safety applications. The infrastructural projects including expansion of roadways and railway networks in developing economies is anticipated to benefit growth.

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https://www.grandviewresearch.com/industry-analysis/retro-reflective-materials-market

Further key findings from the report suggest:

The paints, inks, and coatings segment accounted for a share of 48.3% in terms of revenue in 2018, owing to the growing infrastructural and refurbishing projects including the expansion of roadways and railway networks across the globe
The traffic control and work zone segment dominated the industry in 2018 and is estimated to reach a value of USD 9.5 billion by 2025, due to the stringent government regulations related to workplace safety across the economies
Asia Pacific is projected to witness a CAGR of 28.0% from 2019 to 2025, on account of rapid economic developmentcoupled with rising construction activities in the region
China is projected to record a revenue of USD 4.4 billion owing to the increasing infrastructural activities coupled with the expansion of automotive industry in the country
Market participants are focused on expanding the product portfolio in order to gain competitive edge and have exhibited a trend of high investments in R&D to develop advanced products.
Key players in the retro-reflective materials market include 3M Company , Avery Dennison Coats Group plc; Asian Paints Ltd; and Nippon Carbide Industries Co., Inc.

LPG Market Size Projected To Reach $147.76 Billion By 2024

The global liquefied 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.

Rainscreen Cladding Market Size Worth $183.3 Billion By 2025

The global rainscreen cladding market size is expected to reach USD 183.3 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.7% over the forecast period. Growth in construction spending in developing economies of Asia Pacific, resulting from population expansion and strong industrial development, is expected to drive the market.

Increasing urban population has led to the inadequacy of affordable housing, surge in road traffic, and inadequate water and sanitation services. Middle East and Africa, in particular, is transitioning from lack of infrastructure to a phase of infrastructural development, which is expected to fuel demand for rainscreen cladding.

The market is characterized by developments in technology to produce advanced products used in construction and other industrial applications. In addition, the low environmental impact of the product owing to low emission of volatile organic compounds (VOCs) is likely to drive product demand over the coming years.

Players in the industry are involved in mergers and acquisitions, contracts, agreements, and joint ventures in order to strengthen their position in the industry. However, high installation and maintenance cost associated with the product is anticipated to hamper demand over the projected period.

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https://www.grandviewresearch.com/industry-analysis/rainscreen-cladding-market

Further key findings from the report suggest:

The terracotta rainscreen cladding market accounted for 35.2% of the overall revenue in 2018 on account of its increasing application for creation of panel designs in combination with other materials such as glass, stone surfaces, and paints
Demand for high-pressure laminates is expected to witness growth in terms of revenue at a CAGR of 7.4% from 2019 to 2025 owing to their attributes such as high durability, impact resistance, and availability in attractive colors and textures
Product consumption in the construction of offices is projected to reach USD 60.75 billion by 2025 on account of rising employment rate, coupled with regional expansion of existing companies, resulting in greater demand for office spaces
Asia Pacific accounted for 25.5% of the global revenue in 2018 owing to an expanding construction industry in the region, which can be attributed to massive investments for development of public infrastructure by governments across numerous countries
Major players in the industry are focusing on research and development activities for reducing operational costs, maximizing the efficiency of production, storage, and transportation facilities, and enhancing the quality of products to sustain the competition.

Precipitated Silica Market Worth $3.34 Billion By 2025

The global precipitated silica market size is anticipated to reach USD 3.34 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to register a CAGR of 7.9% during the forecast period. Increasing utilization of the product in tires to enhance tire tread wear resistance and adhesion, is the major factor driving the growth. Substitution of carbon black with precipitated silica on account of its eco-friendly nature is anticipated to fuel the market.

Application of the product in agrochemicals is expected to witness a considerable growth on account of its extensive usage as free flow agent. Increasing use of precipitated silica owing to its absorption ability and improved chemical stability is expected to drive demand from the agrochemicals market.

Growing use in food industry on account of its superior absorption, high purity, and anti-caking property is expected to fuel demand for precipitated silica over the forecast period. Precipitated silica is used extensively in food applications including edible salt and powdered food products. It helps enhance product consistency through automated dosing of vegetable and fruit extracts, preservatives, and nutrients.

In agrochemicals, the product is used as an active ingredient carrier in pesticide manufacturing. It enables consistent and high loading of chemically active ingredients in various agrochemicals including fungicides, insecticides, and herbicides. In addition, the product is used as a process aid for urea and chemicals owing to its anti-cracking properties.

Increasing use of the product in toothpaste industry as a cleaning and thickening agent is expected to drive growth of the precipitated silica market over the forecast period. The product is used in oral care applications to provide effective cleaning and polishing performance. It is used in toothpaste formulations, primarily on account of its whitening and cleaning properties, to meet dentifrice requirements.

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https://www.grandviewresearch.com/industry-analysis/precipitated-silica-market

Further key findings from the report suggest:

Rubber application held the highest market share of 52.7% in terms of revenue 2018 owing to huge demand from tire manufacturers
In terms of volume, agrochemicals was the second largest application with a market share of 12.9% in 2018. Its growth is mainly driven by increasing demand for efficient agrochemical processing techniques
Asia Pacific led the precipitated silica market with a revenue share of 43.4% in 2018 owing to massive production of tires and increasing construction activity in the region
In terms of revenue, Central and South America is estimated to register a CAGR of 8.4% over the forecast period on account of economic recovery in the region
Evonik Industries, Solvay SA., and PPG Industries, are the key manufacturers in the market. Capacity extension owing to rising demand and price modification on account of volatility in raw material prices are the major strategies adopted by the top players.

Injection Molded Plastics Market Size Worth $372.9 Billion By 2027

The global injection molded plastics market size is expected to reach USD 372.9 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 4.6% over the forecast period. Increasing demand for key applications including automotive, packaging, and construction, particularly in Brazil, Russia, India, China, and BRICS, is likely to drive the market growth. High-growth regions such as Middle East and Asia Pacific have witnessed a surge in capacity addition over the last few years.

Increasing presence of plastic injection molding companies in China on account of low manufacturing costs and availability of skilled labor is anticipated to benefit the regional market. Major foreign companies are increasing their production capabilities in the region owing to growing demand for plastic products. Government support in the form of tax benefits and financial incentives in China and India to increase foreign direct investment (FDI) flow has helped develop the market for plastics in these countries.

In packaging application, high-density polyethylene (HDPE) is extensively used in thin wall injection molding. Growing demand for food packaging, bin liners, and thin gauge bags is anticipated to drive the product demand over the forecast period. Rising penetration of injection molded HDPE in shipping containers, industrial pails, and houseware applications is anticipated to further drive its demand.

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https://www.grandviewresearch.com/industry-analysis/injection-molded-plastics-market

Further key findings from the study suggest:

Demand for packaging is likely to increase owing to the improving economic conditions of countries such as India, China, Brazil, and Mexico
Demand for injection molded plastics from the packaging industry in Asia Pacific is projected to register a CAGR of 4.3% in terms of volume, from 2020 to 2027. This is attributed to the growing demand for food packaging
Growth of the electronics industry, coupled with cost-effectiveness of electrical appliances, is projected to remain a key driving factor for the injection molded plastics market over the forecast period
Demand from the medical sector in North America is anticipated to register a CAGR of 2.9% from 2020 to 2027 owing to the increase in demand for plastic components for medical devices
Key market players include BASF, LyondellBasell, Eastman Chemical Company, ExxonMobil, Huntsman Corporation, Eastman Company, DuPont, Dow Chemicals, and SABIC.

Animal Feed Organic Trace Minerals Market Worth $880.2 Million By 2025

The global animal feed organic trace minerals market size is expected to reach USD 880.2 million by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 8.4% during the forecast period. Increasing R&D investments by manufacturers like Alltech and Archer Daniels Midland Co. to reduce the manufacturing cost and to expand the product application is estimated to boost overall growth.

Minerals used in traces perform specific functions in different animals. For instance, zinc helps the formation of eggshell and eggshell membrane in poultry. Manganese helps in synthesis of fatty acids and cholesterol and formation of melanin in poultry, while copper helps hatchability and fertility of eggs.

However, regulations regarding restricting the use of zinc and copper in animal feed have resulted in promoting the use of these minerals in combination with amino acids, further estimated to fuel overall market growth. Asia Pacific is estimated to account for the largest market share in 2025 owing to growth of meat industry and high demand from countries such as China and India.

However, Europe and North America are also expected to have a positive impact on growth of the animal feed organic trace minerals market. As per the International Feed Industry Federation (IFIF), commercial production of feed takes place in over 130 countries and produces a maximum annual turnover every year. Emerging animal feed industry is estimated to play a major role in the market growth over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/animal-feed-organic-trace-minerals-industry

Further key findings from the study suggest:

Zinc accounted for 35.60% of total market share in U.S. in 2018 and is estimated to expand at a healthy CAGR over the forecast period owing to its properties to improve the immunity of animals
Iron is the second largest product segment and is estimated to expand at a CAGR of 7.8% in the forthcoming years to come owing to rising awareness regarding imbalance in tissue metabolism caused due to iron deficiency
Poultry sector is estimated to expand at a healthy CAGR over the forecast period owing to rising demand for animal protein sources and technological developments for better vaccinations to animals
Pork segment is estimated to expand at a CAGR of 7.4% during the projected period owing to rising demand for high-quality pork, growth in consumption, and the product being a rich source of protein
Alltech; Cargill Inc.; Biochem; and Archer Daniels Midland Co. are some of the major manufacturers operating in the animal feed organic trace minerals market. These companies, through strategic initiatives such as expansions, investments, and partnerships, try to expand their market share and global presence

Intumescent Coatings Market Worth $1.31 Billion By 2025

The global intumescent coatings market size is expected to reach USD 1.31 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.1% over the forecast period. Extensive usage of passive fire protection for steel structures used in offshore and onshore extraction and purification and refining in the oil & gas industry is the key factor boosting the market growth. In addition, rising shale gas exploration coupled with expanding oil & gas industry in Asia Pacific is expected to propel demand over the forecast period. The industry is characterized by the presence of a large number of raw material suppliers leading to an increase in the switching ability of the manufacturers and high bargaining power.

However, volatile prices of the raw materials, such as epoxy resins is expected to restrain the growth to some extent. Moreover, several regulations limiting the presence of Volatile Organic Compounds (VOCs) in the formulation will also hinder market growth. On the other hand, development of advanced products that are compliant with the regulations set by the European Commission is expected to drive the demand over the next nine years. The market in Asia Pacific witnessed a significant expansion owing to increased oil & gas exploration activities, particularly in the South China Sea. Furthermore, infrastructure development in emerging economies including India, Indonesia, and Vietnam is likely to contribute to the market development over the forecast period.

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https://www.grandviewresearch.com/industry-analysis/intumescent-coatings-industry

Further key findings from the study suggest:

Water-based coatings is expected to be the fastest-growing technology segment of the global intumescent coatings market from 2019 to 2025
Oil & gas end-use segment held the largest share of the market in 2018 and is expected to continue its dominance over the forecast period
Asia Pacific was the largest market in 2018 and is projected to expand further at the highest CAGR during the forecast years
Cellulosic is projected to be the largest, as well as the fastest-growing, application segment over the next few years

Games & Puzzles Market Worth $47.83 Billion By 2027

The global games and puzzles market size is anticipated to reach USD 47.83 billion by 2027, exhibiting a CAGR of 18.6% over the forecast period, according to a new report by Grand View Research, Inc. In the era of increasing popularity of electronic games and toys, the presence of a wide range of audiences has helped to keep the market buoyant. Furthermore, increased focus of manufacturers on developing educational games and toys is contributing to the market growth. The growing adult population and their inclination towards the indoor board and card games are key factors driving the industry growth. Manufacturers are also focusing on continuously adapting innovative methods in designing games and puzzles. Additionally, the increasing number of imports has led manufacturers to develop low-cost toys to appeal to price-sensitive customers.

Growing usage of social media platforms is anticipated to offer new growth prospects in near future. Key market players have started designing puzzles that are specially made for display on social media platforms such as Instagram and YouTube. Puzzle enthusiasts are also providing an impetus to the market growth by using exciting and trending hashtags, promoting people to adopt puzzle solving as a new hobby. Moreover, puzzle-solving facilitates creativity while social media platforms enable people to showcase their talent and help similar groups to join communities. Both these factors are anticipated to further fuel the growth of the market in near future.

New trends in puzzle manufacturing have led to the development of 4D puzzles that offer promising growth opportunities. 4D puzzles are made using a 2D jigsaw puzzle base, wherein 3D puzzle pieces can be affixed using time as a reference. Time acts as the fourth dimension and aids users to piece puzzles together in a chronological manner. 4D puzzles enable users to understand the development of a city, understand and explore historical buildings and architectural styles, and offer an innate sense of its geography.

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https://www.grandviewresearch.com/industry-analysis/games-puzzles-market

Further key findings from the report suggest:

The licensed games segment is expected to highest growth rate, owing to emerging demand among individuals to use more authentic products and have more relatable experiences
The e-commerce segment is expected to expand at a CAGR of over 21% from 2020 to 2027, attributed to growing proliferation of smart devices and the widespread use of internet
The puzzles segment is expected to portray the fastest CAGR during the forecast period, due to wide adoption of educational puzzles
Increased demand for licensed games and puzzles is anticipated to help the Asia Pacific region register the fastest over the forecast period

Organic Personal Care Market Size Worth $25.11 Billion By 2025

The global organic personal care market size is projected to reach USD 25.11 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 9.4% during the forecast period. Rising R&D expenditure to introduce improved plant and animal extracts into various products is expected to promote the demand. Furthermore, regulations promoting the use of organic materials in personal care industry is likely to propel the growth.

Growing demand for organic products has resulted in an increase in their availability in supermarkets, malls, and drugstores. In addition, growth in online market where consumers can access a wide range of products from any part of the world has been a primary reason for increase in accessibility and is expected to remain a key contributing factor for the market growth over the forecast period. Online stores also give consumers the opportunity to gain access to products that would otherwise not be available in local stores and malls, which has made them especially popular in emerging markets.

The market includes a variety of products such as hair care, oral care, skin care, cosmetics, and others. Other product segments include oils, body sprays, perfumes, and masculine and feminine hygiene products. Growing popularity of natural products is the key factor driving demand. Growth product distribution channels in urban areas has made these products easily accessible to consumers. As these products reflect the growing aspirations of better hygiene, health, and beauty in modern times, their adoption has exhibited significant growth. Furthermore, with the introduction of products such as flosses and mouthwashes, the demand for organic oral care products is expected to increase.

Demand for products that are free from synthetic fragrances, preservatives, parabens, petrochemicals, and harsh cleaners such as sodium lauryl sulfate has been on the rise over the past few years. Numerous major market players are involved in manufacturing a variety of personal care products, such as sunscreens, body lotions, shampoos, scrubs, anti-aging creams, makeup removers, masks and exfoliators, eye care products, lip care products, BB creams, face oils, and cleansers/toners.

North America was the largest regional segment of the organic personal care market in 2018, and is expected to continue leading over the forecast period, on account of rising demand for safe and natural products. Over the past few years, companies have been introducing new and innovative products specifically designed to cater to the various consumer needs. Major players such as L’Oréal, The Body Shop, and Estée Lauder have launched new organic products that target aging population.

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

Further key findings from the report suggest:

Skin care application held the leading market share of over 33.7% in terms of revenue in 2018, owing to the ability of organic ingredients to impart antioxidation properties and improve skin health
The U.S. organic personal care market is anticipated to exceed USD 7.74 billion by 2025 owing to the presence of various manufacturers in the country
The global market is highly competitive with the presence of a number of multinational companies with wide product portfolios. Some of the key companies present in the market include Aveda Corporation, Burt’s Bees, and The Estée Lauder Companies Inc., among various others players.
The companies lay high emphasis on expanding their presence global scale, in an attempt to increase market shares and to drive revenues. For instance, Estee Lauder has acquired various companies such as BECCA Cosmetics, Too Faced, and Editions de Parfums Frédéric Malle, over the past few years to expand its product portfolio.

Nutraceutical Market Size Worth $722.49 Billion By 2027

The global nutraceutical market size is projected to reach USD 722.49 billion by 2027, expanding at a CAGR of 8.3% over the forecast period, according to a new report by Grand View Research, Inc. Rising awareness regarding calorie reduction and weight loss in countries, including U.S., China, and India, is expected to promote the application of nutraceuticals, which, in turn, will have a substantial impact on the industry growth.

Nutraceuticals are products that provide health advantages and additional nutrition to the human body. It comprises of fortified nutrients, such as taurine, CoQ10, omega-3, calcium, zinc, and antioxidants, that enhance the complete health of consumers. These nutrients further help in averting medical conditions, such as hypertension, diabetes, heart diseases, and allergies. Demand for nutraceuticals is increasing at the global level as it improve the digestive and immune systems and enhance the cognitive behavior of consumers.

Growing trend among consumers to alter dietary habits is likely to boost the demand for nutraceuticals. The consumer belief that improper diet results in increase in costs on pharmaceuticals is anticipated to boost the demand for nutraceuticals. This would also help the government as it would result in lesser expenditure on healthcare and low social security costs.

Rise in disposable income, increasing consumer awareness concerning health issues, and rapid urbanization are likely to boost the nutraceutical market growth over the forecast years. Positive outlook towards medical nutrition owing to increasing weight management programs, along with cardiovascular diseases, is anticipated to propel the demand for nutraceuticals.

The rise and evolution of wellness focused diets, such as keto and paleo, are driving food producers to cater their products in this direction. Functional food products, such as probiotics and omega-3, are highly used in yogurt and fish oils in order to reduce the risk of cardiovascular diseases and develop the quality of intestinal microflora, which is further projected to fuel the market growth of the nutraceutical products over the coming years.

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

Further key findings from the study suggest:

Based on functional food product, prebiotics and probiotics are projected to expand at a CAGR of 10.1% over the forecast period owing to increasing usage of probiotics as a primary ingredient among majority of food manufacturing companies to provide better nourishment and reduce health problems caused by harmful bacteria
Vitamins and minerals together accounted for over 40.71% share in 2019 owing to increasing consumer interest in the relationship between diet and health, which, in turn, has increased demand for these products
In terms of dietary supplement product, vitamins emerged as the largest segment in 2019, and is expected to expand at a CAGR of 5.8% in the coming years
In terms of product, functional food accounted for the largest share in 2019 and generated revenue of USD 187.51 billion. Rising healthcare costs, coupled with growing geriatric population across the world, are anticipated to drive the functional food segment over the forecast period
Asia Pacific is expected to witness the fastest growth over the forecast period. Expansion of the retail chain in countries, such as India, Japan, and China, has increased the consumption of dietary supplements and functional foods in this region
The nutraceuticals industry represents a highly competitive landscape. Key players dominate the nutraceutical market space and have been focusing on various strategic initiatives, including mergers & acquisitions, product innovation, and portfolio expansion
Key market participants include Cargill, Incorporated, Archer Daniels Midland Company, DuPont, Nestle S.A, Danone, General Mills, Innophos, WR Grace, and Amway Corporation.