Guar Gum Market Size Worth $785.2 Million By 2025

The global guar gum market size is expected to reach USD 785.2 million by 2025, according to a new report by Grand View Research, Inc. The global market is projected to expand at a CAGR of 4.4% during the forecast period. Increasing use of guar gum for horizontal oil well drilling and hydraulic fracturing in the shale gas and oil industry is presumed to be the primary factor for market growth.

Increasing purchasing power of buyers owing to rising per capita income is expected to result in increased consumption of processed food. In addition, the growing urban population and preference for convenience food by time-constraint consumers is expected to escalate the growth of the food processing industry, consequently driving demand for guar gum.

Production and demand are key factors influencing the price of raw material with changes in consumption trends of consumer industries, resulting in price fluctuations. The amount of rainfall during the monsoon determines raw material supply for the product. High fluctuation in prices with no minimum price guarantee may hamper the market growth.

The industry faces a rising threat of substitution, owing to the availability of cheaper substitutes such as xanthan gum, locust bean gum, and other synthetic alternatives. However, the threat of substitution is expected to remain moderate as synthetic alternatives are not preferred due to environmental risks and uncertain performance efficiency.

The market is concentrated in Asia Pacific, especially India and Pakistan. Majority of companies in this market operate their businesses on a small scale. Companies that cater to international markets, especially the U.S., China, Europe, and Saudi Arabia, usually opt for direct distribution in order to increase their profit margin.

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

Further key findings from the report suggest:

Industrial grade guar gum is expected to register a high revenue-based CAGR of 5.3% from 2018 to 2025 owing to its widespread usage in the paper, textile, mining, and explosives industries
Thickening and gelling agent is estimated to be the fastest-growing function segment by revenue, registering a CAGR of 5.0% from 2018 to 2025, owing to its rising use in food, pharmaceutical, and oil and gas industries
Oil and gas industry is the largest application segment, which stood at USD 208.2 million in 2017, due to a booming U.S. shale gas and oil industry
Product demand in North America is expected to value USD 415.2 million by 2025 on account of growing exploration and production activities in the U.S. and Canada
The market exhibits presence a number of small-scale manufacturers, primarily located in India and Pakistan. Major companies in the market focus on mergers and acquisitions in order to expand their business. However, they face competition from small players in terms of product prices.

Rigid Packaging Market Worth $848.71 Billion By 2025

The global rigid packaging market size is projected to reach USD 848.71 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.7% during the forecast period. Increasing demand for sustainable packaging is expected to augment the market over the forecast period.

Packaging is a process of protecting and enclosing goods for storage, distribution, and sale. Rigid packaging is a type of packing which is characterized by high stiffness, impact strength, and barrier properties. It is offered in several forms, including jars, containers, bottles, and cans.

Raw materials required for manufacturing of rigid packing include metals, paper & paperboard, glass, and plastic. Suppliers of these materials are present worldwide, making the market fragmented. Rio Tinto and Alcoa are some of the key suppliers of metals such as aluminum, while ArcelorMittal is the largest steel manufacturer in the world.

Final products are sold by distributors, retailers, and wholesalers. Major players in this stage include Packaging Supplies Ltd., Packing Suppliers of America, Paper Mart, and Packaging Centre. Some of the manufacturers have adopted integration wherein they sell the products through exclusive outlets.

Rigid packaging accounted for over 80.0% of the total packing industry in 2016. However, flexible packing offers more advantages as compared to rigid ones such as lightweight, energy savings, small pack size, ease of transportation & storage, and convenient disposal. Hence, the flexible packing market is expected to make inroads in the rigid packaging market in the coming years.

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Further Key Findings from the Report Suggest:

In terms of materials, plastics dominated the market in 2015 and it is anticipated to witness a CAGR of 6.4% in terms of volume over the forecast period
Paper & paperboard is expected to register a CAGR of 7.1% in terms of revenue during the same period. Recyclability of the material has made it the most commonly used product in the industry
The personal care application segment is anticipated to rise at a CAGR of 6.3% in terms of revenue over the coming year due to increasing demand for personal care products
Asia Pacific is estimated to post a CAGR of 7.6% in terms of revenue from 2016 to 2025 due to increasing demand from China and India
In August 2016, Berry Plastics Group, Inc. acquired AEO Industries Inc. in the U.S. This acquisition strengthened the company’s position in the North America market.

Household Aluminum Foil Market Size Worth $1.6 Billion By 2025

The global household aluminum foils market size is expected to reach USD 1.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.3% over the forecast period. Rising demand for home cooked packed food at workplace among young working class population is expected to have a positive impact. Furthermore, rising awareness regarding the hazardous chemical effects associated with the plastic packaged product is expected to promote the use of aluminum foils as packaging alternatives. Consumer prefers to use non sticky foil for lining pans and freezer storage. It is also an ideal option for oven use due to its ability to preserve the flavor of foods as well as save the cleanup time.

The unprinted product segment was the largest category, generating a revenue of USD 938.7 million in 2018. The product is preferred over other packaging material due to its flexibility. Furthermore, increasing consumer awareness regarding plastic free products is driving the consumers to choose cost effective food packaging alternatives for daily use.

The supermarkets and hypermarkets category emerged as the largest segment, accounting for over 50.0% share of the global revenue in 2018. The consumer prefers to purchase from supermarkets due to the availability of a wide range of products in the same selling window. It has been observed that majority of the consumers prefer this channel due to the availability of branded as well as local products.

Asia Pacific accounted for more than 30.0% share of the global revenue in 2018. Increasing consumer awareness regarding healthy home cooked food packaging in emerging economies including China and India is driving the demand of household aluminum foils. Furthermore, growing disposable income in emerging economies including China and India is driving the household aluminum foil market. China was the largest consumer in Asia Pacific, generating a revenue of USD 113.0 million in 2018.

Key industry participants include Alufoil Products Pvt. Ltd.; Carcano Antonio S.p.A.; Alcoa Corporation; Aluflexpack group; Cofresco S.r.l.; Flexifoil Packaging Pvt. Ltd.; Eurofoil; Amcor Limited; Reynolds Group Holdings; Aditya Birla Management Corporation Pvt. Ltd.; and All Foils, Inc. Companies are investing in new product development and on-brand promotional activities to increase their customer reach.

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Further key findings from the report suggest:

By product, the printed segment is projected to ascend at a CAGR of 7.1% from 2019 to 2025
The online segment is anticipated to expand at the fastest CAGR of 7.3% in the forecast period
North America is anticipated to expand at a CAGR of 6.7% from 2019 to 2025.

Smart Air Purifier Market Worth $4.71 Billion By 2025

The global smart air purifier market size is expected to reach USD 4.71 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 12.2% during the forecast period. Rising efforts to eradicate airborne diseases and to maintain clean and healthy environment are anticipated to drive the growth. Rise in pollution levels across the world is a major factor driving the demand for anti-pollution products including smart air purifiers.

Smart air purifiers help monitor and control the air quality through a smartphone enabled app which also provide live reading of air quality data. The products also help track indoor air quality over a period of time enabling consumers to observe the time of the day with the best and worst air quality. Air purifiers are used to eliminate dust, dust mites, mold, pet dander, smoke particles, vehicle exhaust, cooking smoke, and gaseous pollutants among others in a specific area. Rising smoke and PM2.5 levels are anticipated to drive the demand for air filtration and purifier products.

According to the World Health Organization (WHO), indoor and outdoor air pollution together lead to around 7 million premature deaths every year. Indoor air pollution leads to around 3.8 million premature deaths every year. These figures highlight the importance for air purifiers as an aid to reduce the impact of indoor air pollution. Manufacturers are constantly striving to launch new and innovative products to meet the growing product demand.

High Efficiency Particulate Air (HEPA) filter technology held a market share of 85.4% owing to the effectiveness of the technology across residential as well as commercial segment. These filters are small, portable, and usually work for a single-room space. These air filters can eradicate 99.97% of pollution particles.

Commercial application segment is expected to witness highest growth at a CAGR of 12.3% from 2019 to 2025 owing to rising investments by the key players. According to study from Harvard, people working in well ventilated areas with minimal level of indoor pollutants have higher cognitive functioning compared to offices with typical pollutant levels. Improved air quality also results in increased productivity. Rising focus on reducing carbon footprint of commercial buildings is anticipated to play a major role in driving the growth of this segment.

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https://www.grandviewresearch.com/industry-analysis/smart-air-purifier-market

Further key findings from the report suggest:

In terms of regional revenue, Asia Pacific held the largest share of the smart air purifier market In 2018
HEPA filter segment is expected to expand at a CAGR of 12.3% due to rise in demand from the residential segment
Commercial application category held a market share of about 33.0% in terms of revenue in 2018
The market is highly competitive in nature with the presence of key players including Honeywell International Inc.; Koninklijke Philips N.V.; Sunbeam Products, Inc.; Xiaomi Corporation; Blueair; COWAYCO.,LTD.; Whirlpool; Americair Corporation; and Sharp Corporation

Construction Toys Market Worth $19.64 Billion By 2025

The global construction toys market size is expected to reach USD 19.64 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.5% during the forecast period. Rising focus on cognitive development of kids among both parents and educational institutions is expected to expand the scope of construction toys.

Major universities and scientific research institutes from across the globe emphasis on the use of these products as tools for improving mental health. For instance, in February 2018, the University of Colorado published a research paper on the positive effect of construction toys on spatial skills. Many toy companies have been launching products specific to age, gender, and interest of the kid.

Construction toys help develop imagination, creativity, and attentiveness among children. Along with keeping them engaged, they also improve their problem-solving skills, logical thinking, hand-eye coordination, and memory. For instance, magnetic construction kits are considered very helpful for children as they are easier to connect compared to the conventional products. Rapid R&D in terms of innovation for introduction of new toys is projected to create growth opportunities for the global market.

In May 2019, LEGO announced the launch of LEGO City Space, themed after 50 years of NASA. Multiple new sets are being released which include, Satellite Service Mission, Rover Testing Drive, Mars Research Shuttle, Lunar Space Station, Deep Space Rocket and Launch Control, Rocket Assembly & Transport, and People Pack—Space Research and Development. In April, 2019 the company also announced the upcoming launch of LEGO Brail Bricks for blind and visually impaired children. The regular bricks have been molded with studs for numbers and alphabets. The set consists of 250 pieces covering digits, mathematical symbols, and alphabets.

Another toy company, Well Played Toys signed a deal with Legendary Entertainment which makes it a toy partner for the production in February 2019. Well Played Toys plans to release construction kit based on Legendary Entertainment production, Lost in Space. Similarly Cobi, a Polish toy company has launched blocks construction kit in April, 2019. The kit is based on Boeing’s CST-100 Starliner capsule and consists of 227 blocks.

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https://www.grandviewresearch.com/industry-analysis/construction-toys-market

Further key findings from the report suggest:

Bricks and blocks accounted for more than 50% of the global revenue share in 2018
Polymer-based products is expected to expand at the fastest CAGR of 10.0% from 2019 to 2025
North America reported a global revenue share of more than 30% in 2018
Online distribution channel is expected to exceed USD 5 billion by the end of 2025
Major players operating in the construction toys market are The LEGO Group.; Tegu; Spin Master Ltd.; Schylling Inc.; Polydron (UK) Limited; PlayMonster LLC.; Nanoblock; Mattel; Magformers; KnuckleStrutz; and K’NEX (Basic Fun, Inc.)

Synthetic Rope Market Size Worth $1.2 Billion By 2025

The global synthetic rope market size is anticipated to reach USD 1.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. Growing awareness regarding diverse application of this product is anticipated to drive the market over the forecast period. Increasing application of these products replacing steel ropes across various industries is expected to fuel the product demand over the forecast period.

Demand generated by industrial activities has boosted the application of synthetic rope owing to prominent availability of synthetic fibers. These are used in the pulley system in order to create mechanical advantage to effectively spread the weight of loads. Therefore, these are widely used in the construction industry in order to weigh down loads and materials. In addition, it is used for the purpose of transportation of items to different sites of working such as scaffolding.

The industry faces a revolution of changes with adoption of synthetic ropes. The synthetic rope market is also witnessing replacement of traditional materials such as steel wire and nylon. In addition, wide application of these products in the maritime industry provides benefits in industrial operations. Rising displacement of hard fiber ropes with synthetic ones has advanced at a rapid scale in developed countries owing to the commercial utilization of polyolefins fiber. The product also finds its application in cranes on account of properties such as bend fatigue durability, high strength-to-weight ratio, and robust spooling capabilities.

In terms of product, polypropylene dominated the global market in 2018. These ropes have a large application base in the marine and shipment industries owing to sturdy construction and strong raw material. It is widely used in boats, pulleys and winches, and general fastening and securing. It also exhibits floating properties, and since it is easily able to be retrieved from water surface, it is an obvious choice of ropes used around water. Therefore, polypropylene is expected to gain a major share in the coming years owing to its vast usage in the forecast period.

The marine and fishing industry emerged as the largest application segment in the market and held a share of 37.7% in 2018. These are used in the fishing industry as fishing nets, twines, and others. These are used in trawling applications on account of better resistance to abrasion, high breaking strength, and high strength-to-weight ratio. Synthetic ropes are widely used in marine, fishing, and shipment industries on account of its lightweight properties, reduction in knocking up and preparing for downtime, easy handling, floatable, and avoidance of re-lubing. These products assist with great insulation capacity, provides resistance in chemically affected environment, and prevents any absorption.

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https://www.grandviewresearch.com/industry-analysis/synthetic-rope-market

Further key findings from the report suggest:

By product, nylon is expected to expand at a CAGR of 6.6% from 2019 to 2025
The marine and fishing industry application segment was valued at USD 293.1 million in 2018
Top players operating in the synthetic rope market include WireCo WorldGroup; Cortland Limited; Bridon-Bekaert; Southern Ropes; MAGENTO, INC.; Marlow Ropes; TEUFELBERGER; and Yale Cordage.

Alcohol Ingredients Market Worth $2.71 Billion By 2025

The global alcohol ingredients market size is expected to reach USD 2.71 billion by 2025 registering a CAGR of 8.3%, according to a new report by Grand View Research, Inc. Increasing alcohol consumption across the globe has been fueling the product demand. In addition, rapid urbanization along with the increased adoption of western culture in the developing countries including China, India, Indonesia, and Taiwan is expected to boost the demand for alcoholic beverages, which, in turn, will prompt the utility of ingredients including yeast and enzymes.

Flavors & salts product segment held the largest market share in 2018 on account of increased demand for flavored drinks. Major alcoholic beverage companies have expanded their product portfolio in this particular segment. Beer held the largest market share of over 40% in 2018. Health benefits offered by beer along with its low alcohol content have made it a popular drink. Craft beers are expected to witness a significant growth in near future due to growing popularity across the globe. Europe was the dominant regional market in 2018.

Prominent economies of this region include, Germany, U.K., Italy, Spain, Romania, and Belgium. High alcohol consumption levels along with the presence of a large number of alcohol producers has increased the product demand in this region. Asia Pacific is anticipated to be the fastest-growing region at a CAGR of 9.6% from 2019 to 2025. China, India, South Korea, Taiwan, Myanmar, and Thailand are the prominent markets in this region. Rising per capita income and growing number of pubs, bars, and clubs have been driving the product demand in these developing countries.

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https://www.grandviewresearch.com/industry-analysis/alcohol-ingredients-market

Further key findings from the study suggest:

Europe held the largest market share in 2018 accounting for more than 35% of the total revenue
Spirits application segment is expected to register the fastest growth rate of 9.0% over the forecast period
Flavors & salts product segment held the largest share of the global alcohol ingredients market in the past and is projected to expand at the highest CAGR from 2019 to 2025
Spirits segment held the largest share in the Asia Pacific market and also accounted for more than 45% of global revenue in 2018
Key companies in this market include Treatt PLC; DDW; The Color House; AngelYeast Co., Ltd.; Biospringer; Sensient Technologies; Chr. Hansen A/S; The Archer Daniels Midland Company; Kerry, Inc.; Ashland Global Specialty Chemicals, Inc.; and Döhler

Aerospace Foam Market Size Worth $8.66 Billion By 2025

The global aerospace foam market size is expected to reach USD 8.66 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at CAGR of 6.1% over the forecast period. Aerospace is one of the most attractive destinations for polymer foam manufacturers. Strong demand for next-generation commercial aircraft owing to the growing passenger traffic, especially in Asia Pacific and Middle East and Africa, is expected to drive the demand for polymer foam.

According to the International Air Transport Association (IATA), the global passenger traffic is likely to grow at an annual compounded rate of 3.6% from 2016 to 2036 and reach 7.8 billion passengers by 2036. This is expected to result in higher production of commercial aircraft to meet the rise in passenger traffic.

Stringent regulations imposed by various government bodies to reduce CO2 emissions are driving growth of lightweight materials in aerospace applications. These regulations are forcing Original Equipment Manufacturers (OEMs) to seek alternatives to heavy metals to reduce the emissions and to increase fuel efficiency. This factor is anticipated to drive the demand for foam over the forecast period.

The aerospace and defense industry is increasingly making use of lightweight materials in an attempt to improve cost-efficiency and environmental performance of aircraft. Light-weight materials used in aircraft interiors, where fires are most likely to happen, must adhere to strict fire safety requirements certified for commercial airline structures.

For instance, the Federal Aviation Administration (FAA) has outlined safety requirements guidelines for flammability under FAR 25.856. Likewise, several aviation-based international governing authorities, such as the National Qualifications Authority (NQA), International Traffic in Arms Regulations (ITAR), and Aircraft Information Management Systems (AIMS) have framed safety requirements for airlines and aircraft structures.

Specialty high-performance materials are required to be used in the aerospace industry, where high strength and resistance is desirable. Polymethacrylimide foam, specialty high-performance material, is preferred in aviation applications on account of its rigidity, high compressive strength, and suitability to standard pre-preg production cycles.

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https://www.grandviewresearch.com/industry-analysis/aerospace-foam-market

Further key findings from the report suggest:

Polyetherimide foam is estimated to be one of the fastest growing types of aerospace foam over the forecast period
Commercial aviation was the largest application segment in 2017 and accounted for over 46% of global market share in terms of revenue
Polyurethane foam is the largest polymer type segment which is forecasted to attain a market share of over 38% by 2025
Some of the key players operating in the aerospace foam market are Evonik Industries AG; BASF SE; SABIC; and DowDuPont Inc.

Activated Alumina Market Worth $1.32 Billion By 2025

The global activated alumina market size is anticipated to reach USD 1.32 billion by 2025 registering a CAGR of 5.4%, according to a new report by Grand View Research, Inc. Rising demand for the product across various end-use industries, such as water treatment, oil & gas, plastics and healthcare is anticipated to drive the market. Activated alumina is an inorganic substance that is produced by the dehydration of aluminum hydroxide at high temperature.

It is highly porous and exhibits tremendous surface area, which results in superior adsorbent capabilities. In addition, the product is resistant to thermal shock and abrasion and does not shrink, soften, swell, or disintegrate when immersed in water. Shrinking freshwater reserves coupled with rising demand for water supply is expected to drive the water treatment sector over the coming years. Various government agencies are looking for effective ways to meet the cumulative need for regular water supply. The drive to create a sustainable water treatment environment is expected to positively influence the product demand over the forecast period.

The product is used as an adsorbent in water treatment for fluoride removal. Fluoride is the waste that is associated with production of fertilizers, pesticides, semiconductors and steel and aluminum. The U.S. Environmental Protection Agency (EPA) has established the maximum contaminant amount of fluoride in water at 4ppm. Activated alumina can reduce these levels even further, thus, it is preferred over other methods of fluoride removal. Asia Pacific led the global market and is likely to continue its dominance over the forecast period. Rapidly growing end-use industries in the region is the major factor driving the market.

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

Further key findings from the study suggest:

Fluoride adsorbent application led the global activated alumina market in 2018 and is expected to register the highest CAGR of 6.3% from 2019 to 2025
Oil & gas segment is anticipated to witness a CAGR of 5.6%, in terms of revenue, from 2019 to 2025 due to growing number of installations of gas pipelines
Asia Pacific was the largest regional market in 2018and is expected to reflect the fastest CAGR from 2019 to 2025
Some of the key companies in the market are BASF SE; Honeywell International, Inc.; Sumitomo Chemical Co.; and Axens SA
Most of these companies have undertaken strategies, such as have M&A, for business expansion and to provide better services
Majority of the key companies are concentrated in U.S., Europe, and in a few developed nations of Asia Pacific

Digestive Enzyme Supplements Market Size Worth $1.6 Billion By 2025

The global digestive enzyme supplements market size is expected to reach USD 1.6 billion by 2025, according to a new report published by Grand View Research, Inc. Growing consumer awareness regarding the severity of digestive disorders coupled with the need for good health is expected to stimulate industry growth over the forecast period. The increasing incidence of gastrointestinal tract diseases, such as irritable bowel syndrome, constipation, inflammatory bowel disease, and gastroesophageal reflux disease, has raised concerns towards stomach health, which in turn is anticipated to fuel product growth.

Digestive enzyme supplements have to comply with various regulatory bodies including the U.S. Food and Drug Administration, Dietary Supplement Health and Education Act of 1994, and Natural Health Products Regulations for manufacturing and use. Increasing number of gymnasiums and fitness centers in emerging markets including China and India on account of rising awareness towards muscle improvement and reducing fat content among individuals will propel product demand.

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http://www.grandviewresearch.com/industry-analysis/digestive-enzyme-supplements-market

Further key findings from the report suggest:

Plant-based enzymes accounted for 41.3% of the overall revenue in 2015 and are expected to foresee considerable growth as these products aid in reducing acid indigestion, heartburn, reflux, and other digestive disturbances. Furthermore, the usability of these products across a wide range of pH levels is likely to expand their application.
Europe is expected to observe substantial revenue rise at a CAGR of 7.3% from 2016 to 2025. Easy availability of the product owing to the presence of a large number of supermarket chains along with increasing awareness regarding gastrointestinal problems is expected to fuel digestive enzyme supplements market size over the next nine years.
Central and South America is expected to foresee substantial growth owing to increasing prevalence of digestive disorders in the region. Increasing consumer awareness regarding the harm caused by the digestive system due to the lack of supplements and nutrients in the human body is anticipated to fuel expansion.
The industry is highly competitive owing to the presence of various large and small scale manufacturers. Key players including Klaire Labs, National Enzyme Company, ProteoZymes, Metagenics, and Douglas Labs are focusing on increasing their industry share along with profitability through product innovation and empowering their R&D activities. Companies are increasing expenditure for the establishment of strategic partnerships with retail chain companies.
In November 2015, Vox Nutrition launched a new private label digestive enzyme supplement, Digestion Enzyme Pro Blend. The product aims to enhance nutrition absorption, assist the body in breaking down difficult proteins, supports healthy digestion, and helps in relieving reactions of common food intolerances.