Immunoprotein Diagnostic Testing Market Worth $10.3 Billion By 2025

According to a recent report published by Grand View Research Inc., product approval initiatives are likely to accelerate immunoprotein diagnostic testing market expansion.

According to a report, “Immunoprotein Diagnostic Testing Market Size, Share & Trends Analysis By Type (Complement System Proteins, Free Light Chain, Haptoglobin, Immunoglobulin), By Technology, By Application, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc. The global immunoprotein diagnostic testing market size is expected to reach USD 10.3 billion by 2025, registering a staggering CAGR, as per a new report by Grand View Research Inc. The market demand can be attributed to the rising incidence of chronic diseases.

According to a 2017 research report by the American Heart Association, nearly 790,000 people suffer heart attack every year in the U.S. Furthermore, stroke is responsible for 1 in every 20 deaths in the country. Hence, WHO is undertaking initiatives to decrease the risk and occurrence of cardiovascular diseases. Such factors are driving the demand for immunoprotein diagnostics and are expected to rise during the forecast period in order to facilitate rapid diagnosis.

According to WHO, nearly 1.69 million deaths were registered due to lung cancer in 2015, worldwide. As a result, fast and accurate diagnosis of chronic diseases has become crucial to reduce the growing mortality rate. Immunoprotein diagnostic devices and reagents have proven to be highly effective in detecting chronic diseases.

Technological advancements in immunoprotein diagnostics have led to the introduction of novel products. For instance, LIAISON XL, manufactured by DiaSorin, is a fully automated chemiluminescence analyzer that facilitates complete sample processing. It also measures and evaluates testing samples, thereby, enhancing the efficiency and throughput of the system.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/immunoprotein-diagnostic-testing-industry

Immunoprotein Diagnostic Testing Market Highlights

Immunoglobulin tests held the test type segment in 2016 due to its widespread adoption by healthcare professionals to monitor the functioning of a patient’s immune system in autoimmune or infectious diseases.
C-Reactive Protein (CRP) tests are gaining huge traction as they can assist in monitoring the treatment effectiveness for infectious diseases and cancer. CPR tests also accounted for a significant market share in 2016.
On the basis of application, infectious disease testing led the market in 2016, followed by oncology testing. Infectious disease testing segment growth can be ascribed to the rising prevalence of chronic infectious diseases, such as HIV/AIDS. Enzyme-based immunoassays are gaining popularity as they are considered rapid testing techniques for disease identification.
Enzyme-based Immunoassay (EIA) led the market, accounting for the largest revenue share in 2016. Human Complement C3 ELISA Kit developed by Abcam uses EIA technology for diagnosis.

Europe Polyurethane Market Size Worth $26.24 Billion By 2024

According to a recent report published by Grand View Research Inc.,growing construction investments across Germany, Poland, the U.K., and Sweden is set to fuelmarket expansion.

According to a report, “Europe Polyurethane Market Size, Share & Trends Analysis Report By Product, By End-use, By Region (Germany, U.K., France, Italy, Spain, Belgium, Russia, The Netherlands, Rest Of Europe), And Segment Forecasts, 2016 – 2024”, published by Grand View Research, Inc. The Europe polyurethane (PU) market size is expected to reach USD 26.24 billion, registering a staggering CAGRby 2024, as per a new report by Grand View Research Inc.Growing need for sustainable construction activities in Europe is a key driving factor for the industry progression.

The market is primarily driven by the ongoing expansion in the end-use industries such as automotive & transportation, construction, and furniture & bedding. The construction sector in the European region has geared up and will be the key driving factor over the forecast period. Eastern European countries such as Poland, Hungary, and Slovakia are projected to witness an augmented growth in terms of construction spending. This will to drive rigid polyurethane (PU) foam demand over the forecast period.

Rigid foam was the highest consumed product in 2015 and accounted for over 30% of the European market volume. EU regulations on financial incentives and energy efficiency of households are aimed at improving in-house safety and cutting down on energy costs It is also expected to witness the highest growth of 4.0% over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/europe-polyurethane-pu-market

Europe Polyurethane Market Highlights

Flexible PU foam product led the market by accounting for one-third of the overall volume in 2016. Flexible foam is a broadly used material due to its unique combination of function and form. Foam can be easily molded into any shape and the segment is expected to gain a market share of 35.0% by 2024.
Constructionwas the leading end-use segment in 2015, with an overall 35.0% of the market volume. Stringent regulations laid down by the government to use energy-efficient building parts are expected to drive the construction industry in the region.
In 2015, Germany was the second-largest country to account for over 17.0% sharebut is anticipated to lose some share to other emerging nations in the region.
Russia is projected to emerge as the fastest-growing country, exhibiting a CAGR of 4.5% during the forecast period. The government has introduced schemes to enhance existing infrastructure and networking systems to improve international trade.

Succinic Acid Market Size Worth $237.8 Million By 2022

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

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

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

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

Click the link below:
https://www.grandviewresearch.com/industry-analysis/succinic-acid-market

Succinic Acid Market Report Highlights

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

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

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

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

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

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

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

U.S. Air Fresheners Market Highlights

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

Germany Consumer Appliances Market Worth $20.8 Billion By 2025

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

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

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

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

Click the link below:
https://www.grandviewresearch.com/industry-analysis/germany-consumer-appliances-market

Germany Consumer Appliances Market Report Highlights:

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

Ice Cream Market Size Worth $78.8 Billion By 2025

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

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

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

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

Click the link below:
https://www.grandviewresearch.com/industry-analysis/ice-cream-market

Ice Cream Market Highlights

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

Air Coolers Market Size Worth $2.5 Billion By 2025

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

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

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

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

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

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

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

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

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

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

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

Click the link below:
https://www.grandviewresearch.com/industry-analysis/air-coolers-market

Further key findings from the report suggest:

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

Liquid Soap Market Size Worth $26.64 Billion By 2025

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

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

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

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

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

Click the link below:
https://www.grandviewresearch.com/industry-analysis/liquid-soap-market

Further key findings from the report suggest:

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

Workwear Market Size Worth $42.1 Billion By 2025

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

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

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

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

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

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

Further key findings from the report suggest:

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

Writing Instruments Market Worth $22.9 Billion By 2025

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

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

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

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

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

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

Click the link below:
https://www.grandviewresearch.com/industry-analysis/writing-instruments-market

Further key findings from the report suggest:

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