Textured Soy Protein Market Growth & Trends

The global textured soy protein market size is anticipated to reach USD 6.49 billion by 2025 registering a CAGR of 9.1%, according to a new report by Grand View Research, Inc. Rising demand for low-carb and low-fat diet due to increasing awareness about leading a healthy lifestyle is expected to boost product sales over the forecast period. Non-GMO soy protein was the largest product segment in 2018 and accounted for more than 52% share of the global market. It is expected to retain its dominant position throughout the forecast years.

Non-GMO proteins are free of pesticides and do not contain added preservatives and additives, which is augmenting their demand. Moreover, GMO soy crop is banned in several countries owing to increasing awareness about the adverse effects of these crops on health, which, in turn, boosts the demand for non-GMO product. However, organic segment is expected to witness the fastest CAGR from 2019 to 2025 owing to increasing demand for organic food products containing textured soy protein.

Increasing demand for meat alternatives is the main factor driving the product demand in the food industry. North America was the largest regional market in 2018 and accounted for half of the overall share. It is projected to maintain its dominance from 2019 to 2025. Increasing health awareness and vegan population in North America are the key factors driving the region’s growth. However, Asia Pacific is expected to register the fastest CAGR of 11.4% over the forecast period due to high soya bean production coupled with rising awareness about the health benefits of soya bean.

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Textured Soy Protein Market Report Highlights

• Food application was the largest segment in 2018 and will expand further at the maximum growth rate from 2019 to 2025
• Asia Pacific is projected to witness the fastest CAGR from 2019 to 2025. China is one of the largest consumers of soya protein in the region
• Some of the key companies in the textured soy protein market are Archer Daniels Midland Company; Cargill, Inc.; Wilmar BioEthanol; Victoria Group; and Bremil Group
• Most of these companies have undertaken several strategies, such as merger & acquisition, for business expansion

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Textured Soy Protein Market Segmentation

Grand View Research has segmented the global textured soy protein market on the basis of product type, application, and region:

Textured Soy Protein Product Type Outlook (Revenue, USD Million, 2015 - 2025)

• Non-GMO
• Conventional
• Organic

Textured Soy Protein Application Outlook (Revenue, USD Million, 2015 - 2025)

• Food
• Feed

Textured Soy Protein Regional Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Central & South America
• Middle East & Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

GRP Pipe Market Growth & Trends

The global GRP pipes market size is expected to reach USD 2.1 billion by 2025, escalating at a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. Glass fiber reinforced plastic (GRP) pipes are lightweight, durable, and offer superior corrosion resistance and strength, which makes them suitable for use in water and wastewater transport applications.

Increasing stringent regulations on wastewater collection and treatment are likely to propel the demand for GRP pipes. These are easy to install as compared to their metal counterparts on account of their flexible nature. GRP pipes include lesser joints and can be laid over longer distances, owing to which they are usually preferred for long-distance water transportation.

Developing countries are witnessing an increase in stringent regulations on residential wastewater collection and treatment, which are expected to open new avenues for the growth of GRP pipes industry. Furthermore, mandates by the governments across developed economies to install water treatment facilities in industrial units are likely to boost the demand for GRP pipes in industrial applications. These are also suitable for the transportation of a variety of chemicals owing to their inert nature.

Furthermore, GRP pipes are suitable for use in desalination and hydropower plant. Increasing investments in the industrial sector to cater to the demand from end users are expected to propel the demand for GRP pipes and, in turn, the market growth over the projected period. Key industry players are engaged in R&D to devise enhanced anti-corrosion pipes with an ability to sustain high temperatures and pressures, which is likely to increase the product scope in O&G application. A diversified portfolio, brand reputation, and enhanced product quality were observed to be the key success factors for leading glass fiber reinforced plastic pipe market players such as Amiblu Group.

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GRP Pipe Market Report Highlights

• In India, the demand for GRP pipes in irrigation application is expected to witness a growth rate of 6.1% over the forecast period owing to increasing efforts by the Indian government to offer consistent water supply to agricultural lands
• Sewage treatment segment was the second-largest application segment in 2018 and accounted for 27.0% of the overall glass fiber reinforced plastic pipe market share owing to high durability and suitability for carrying wastewater over long distances
• Asia Pacific is expected to witness the fastest growth rate over the projected period owing to the rapid growth of wastewater treatment and chemical manufacturing industries in China and India
• Europe was the second-largest regional market for GRP pipes in 2018 owing to well-established water supply infrastructure and wastewater treatment facilities across the European countries
• A large number of fiberglass pipe manufacturers are expanding their operations to provide technical services, pipe installation, and O&M activities, which, in turn, is likely to support product penetration in the market.

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GRP Pipe Market Segmentation

Grand View Research has segmented the global GRP pipe market on the basis of application and region:

GRP Pipe Application Outlook (Revenue, USD Million; 2014 - 2025)

• Oil & Gas
• Chemicals
• Sewage
• Irrigation
• Others

GRP Pipe Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Spain
• Italy
• Russia
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Australia
• Central & South America (CSA)
• Brazil
• Argentina
• Middle East & Africa (MEA)
• Saudi Arabia
• United Arab Emirates

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Super Abrasives Market Size Is Projected To Reach USD 10.4 Billion By 2025

The global super abrasive market size is anticipated to reach USD 10.4 billion by 2025, exhibiting a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. The market growth is majorly driven by the increasing use of diamond in grinding wheels for precision and machining tools.

The demand for precision and machining tools is driven by increasing production of motor vehicles and construction activities. In the construction industry, the product is used to manufacture drilling, sawing, and cutting tools to machine concrete, bricks, and stones. As per the Institution of Civil Engineers, the global volume of construction output is expected to grow by 85% by 2030 with the U.S., China, and India being the major contributors. This is likely to boost the utilization of super abrasives over the coming years.

The product is used as a grinding tool in the manufacturing of automotive components such as steering mechanism, injection systems, gear shaft, and cam/crankshaft to provide smooth finishing of components. Increasing production of motor and electric vehicles is anticipated to boost the demand for the product in the market over the coming years. The diamond segment is anticipated to register a CAGR of 5.7% over the forecast period owing to the growing demand for precision tooling from automotive and aerospace industries.

The market is characterized by a large number of local and global players. Major companies are acquiring local dealers/manufacturers and are entering into partnerships with major end users to continuously supply products. For instance, in February 2016, Saint-Gobain Abrasives entered into a partnership with Detroit Speed, an automotive component manufacturer, to promote its Norton brand. The move is projected to aid the former increase its consumer base. Asahi and Tyrolit, in November 2018, formed a business alliance in Europe and Asia to expand their product portfolio for electronics, bearings, and gearing industries. This move has allowed Asahi Diamond Group to enhance its portfolio in bearing & gearing industry.

Full Research Report On Super Abrasive Market Visit Here: https://www.grandviewresearch.com/industry-analysis/super-abrasive-market

Further key findings from the report suggest:

• Construction segment is expected to witness a CAGR of 5.8% owing to the increasing demand for cutting, drilling, and sawing tools
• The North America market accounted for a revenue share of 11.9% in 2018 with the growing manufacturing sector, especially in the U.S.
• The super abrasives market in Europe is expected to grow at a CAGR of 4.3%, in terms of revenue, over the forecast period owing to ongoing construction projects in Russia, Poland, and Western European countries
• Major players are adopting strategies such as capacity expansions, mergers, and acquisitions to cater to growing demand.

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Grand View Research has segmented the global super abrasives market on the basis of product, application, and region:

Product Outlook (Revenue, USD Million, 2014 - 2025)

• Diamond
• Cubic boron nitride

Application Outlook (Revenue, USD Million, 2014 - 2025)

• Construction
• Transportation
• Oil & gas
• Electrical & electronics
• Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Fresh Meat Packaging Market Size Is Projected To Reach $2.5 Billion By 2025

The global fresh meat packaging market size is anticipated to reach USD 2.5 billion by 2025, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.7% during the forecast period. Rising demand for fresh seafood and meat products such as pork and beef coupled with awareness regarding the safety and nutritional value of these products is projected to drive the growth.

Poultry/mutton packaging occupied the maximum market share in 2018. High availability of chicken and mutton products in retail shops has contributed to the growth of this segment. However, beef packaging is expected to witness the fastest CAGR from 2019 to 2025. Beef is one of the excellent sources of protein, which is anticipated to contribute to the rising demand for fresh meat packaging from this segment.

Packaging materials made from polythene occupied the largest market share in 2018. This segment is anticipated to witness the fastest CAGR over the forecast period owing to elasticity and lower production cost of the material. Product innovation using packaging materials like polypropylene is anticipated to propel growth of the fresh meat packaging market during the forecast period.

The Modified Atmosphere Packaging (MAP) was the most prominent technology used for packaging fresh meat in 2018. This chemical-free packaging technology significantly increases the shelf-life of meat, which is expected to drive the growth of the segment during the forecast period.

North America occupied the largest market share in 2018 owing to increased consumption of beef in U.S. According to the National Center for Biotechnology Information (NCBI), the consumption of meat in U.S. is three times more than that of the other countries. This is expected propel the demand for fresh meat packaging. Asia Pacific, on the other hand, is anticipated to witness significant growth, with China being the largest contributor. However, China witnessed a decline in growth for pork meat due to the issues with safety standards, over the past years.

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Fresh Meat Packaging Market Report Highlights

• In terms of revenue, modified atmosphere packaging segment is anticipated to ascend at the fastest CAGR of over 3% over the forecast period
• PE material led the global market for fresh meat packaging with an overall revenue share of over 48.7% in 2018
• Vacuum skin packaging technology segment was valued at USD 718.1 million in 2018
• North America led the global fresh meat packaging market in 2018 with a revenue share of 36.7%
• The market is highly competitive in nature with the presence of leading players including Amcor Ltd., Winpak Ltd., Sealed Air Corp., Crown Holdings, Reynolds Group, Coveris Holdings S.A., and Sealpac International BV
• Manufacturers focus on innovation, product launches, and capacity expansion To cater to the rising demand

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Fresh Meat Packaging Market Segmentation

Grand View Research has segmented the global fresh meat packaging market by meat type, material type, technology, and region:

Fresh Meat Packaging Meat Type Outlook (Revenue, USD Million, 2015 - 2025)

• Beef
• Poultry/Mutton
• Pork
• Sea foods

Fresh Meat Packaging Material Outlook (Revenue, USD Million, 2015 - 2025)

• Polyethylene (PE)
• Biaxially Oriented Polypropylene Films (BOPP)
• Evolutionary Operation (EVOP)
• Others

Fresh Meat Packaging Technology Outlook (Revenue, USD Million, 2015 - 2025)

• Modified Atmosphere Packaging
• Vacuum Thermoformed
• Vacuum Skin Packaging

Fresh Meat Packaging Region Outlook (Revenue, USD Million, 2015 - 2025)

• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Hot Drinks Packaging Market Growth & Trends

The global hot drinks packaging market size is expected to reach USD 13.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.2% over the forecast period. Growing consumption of coffee and tea across the globe and innovative packaging methods to prevent loss of product are expected to remain key driving factors. Furthermore, increasing consumption of coffee and tea among the working class population of developing economies including China and India is expected to open opportunities for manufactures over next few years.

North America dominated the market and generated a revenue of USD 3.6 billion in 2018. This region has been witnessing significant rise in consumption of coffee and other hot drinks, especially in U.S. This scenario is expected to increase the demand and introduction of innovative packaging solutions for hot drinks. Furthermore, strong brand goodwill and foothold of key industry participants including Sonoco Products Company and Bemis Company, Inc. through their well-established distributor networks in U.S. are projected to remain favorable for the market growth over the next few years.

Asia Pacific is the fastest growing market for hot drinks and is projected to register a CAGR of 5.1% over the forecast period. This growth is attributed to increasing consumption of tea and coffee as a staple drink in the countries such as China and India, which is thereby driving the need for more production and their packaging solutions.

Coffee generated the highest revenue of USD 5.6 billion in the year 2018. In 2017, consumption of coffee was 62% i.e. 5% increase over the prior year, which makes it the largest shareholder. The segment is also expected to witness the fastest growth owing to increasing coffee consumption in countries such as China, Japan, and India. This scenario is expected to drive the demand for innovative and attractive packaging solutions for hot drinks. Companies are coming up with flexible packaging solutions for this drink, such as use of recyclable materials like cardboards to help consumers in convenient takeaway process.

Glass packaging material generated the highest revenue of USD 4.7 billion in the year 2018 due to its advantages such as recyclability and aesthetic appeal over other materials used for hot drink packaging. It is anticipated to witness significant growth over the forecast period owing to cost effectiveness and convenient transportation. For instance, Roaster, an American company specializing in manufacturing shelf bags, has different coffee packaging categories such as Gusseted Bag, Stand-up Pouch, Flat Pouch, and Flat-bottom Pouch. 

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Hot Drinks Packaging Market Report Highlights

• On the basis of product, the tea segment is expected to generate a revenue of USD 4.8 billion by 2025
• By material, the plastic segment accounted for a revenue share of 36.0% for the year, 2018
• Europe is expected to account for 20.8% share of the global revenue by 2025
• Key industry participants include in hot drinks packaging market are Bemis Company; Reynolds Group Holdings Limited Inc.; Sonoco Products Company; Stora Enso; Saint-Gobain S.A.; Mondi PLC.; Amcor Ltd.; Crown Holdings, Inc.; Alcoa Corporation; and Tetra Laval International S.A.

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Hot Drinks Packaging Market Segmentation

Grand View Research has segmented the global hot drinks packaging market on the basis of product, material, and region:

Hot Drinks Packaging Product Outlook (Revenue, USD Billion, 2015 - 2025)

• Coffee
• Tea
• Others

Hot Drinks Packaging Material Outlook (Revenue, USD Billion, 2015 - 2025)

• Glass
• Plastic
• Others

Hot Drinks Packaging Regional Outlook (Revenue, USD Billion, 2015 - 2025)

• North America
• U.S.
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Brazil Palm Oil Market Size Is Estimated To Reach $2.17 Billion By 2025

The Brazil palm oil market size is expected to reach USD 2.17 billion by 2025, as per a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 13.6% during the forecast period. Factors such as increasing utilization in food application coupled with the ascending consumption of palm oil as a raw material for edible oils is expected propel the growth.

Brazil is expected to witness an increase in the consumption of palm oil owing to high demand from biodiesel and lubricants sectors. However, declining socio-economic conditions and hazardous environmental effects associated with palm oil are expected to restrain the growth of the market over the forecast period.

Palm oil cultivation requires suitable climatic conditions and is anticipated to mainly witness growth in the countries from equatorial region. The government of Brazil created an association call Abrapalma to encourage palm oil cultivation and is also offering incentives to endorse investments in the sector.

Manufacturers are looking for better alternatives to reduce the total production costs of palm oil to gain higher market share and thus the competitive rivalry is anticipated to be high. Thus, new entrants are likely to observe high competition from the established players.

Full Research Report On Brazil Palm Oil Market Visit Here: https://www.grandviewresearch.com/industry-analysis/brazil-palm-oil-market

Brazil Palm Oil Market Report Highlights

• Rising demand for crude palm oil as it is a rich source of tocotrienols with high vitamin E and antioxidant content, is likely to boost growth of the segment
• Palm kernel cake segment is expected to register the fastest CAGR owing to its potential use in lactating cow feed by supplementing adequate amount of protein extracts
• Rising demand from cosmetics and surfactants sector on account of rise in discretionary spending power is likely to continue being a macro driver for the market
• Lubricants segment is expected to register the fastest CAGR owing to the ability of the product to reduce carbon dioxide emissions
• Manufacturers are focusing on mergers and acquisitions to increase the client base and to market presence

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Brazil Palm Oil Market Segmentation

Grand View Research has segmented the Brazil palm oil market on the basis of product type and application:

Brazil Palm Oil Product Outlook (Volume, Kilotons, Revenue, USD Million, 2014 - 2025)

• Crude Palm Oil
• Palm Kernel Oil
• Palm Kernel Cake
• Palm Kernel Oilseed

Brazil Palm Oil Application Outlook (Volume, Kilotons, Revenue, USD Million, 2014 - 2025)

• Edible oil
• Cosmetics
• Bio-diesel
• Lubricants
• Surfactants
• Others

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com

 

Plate & Frame Heat Exchangers Market Growth & Trends

The global plate & frame heat exchangers market size is projected to reach USD 5.67 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 6.9% during the forecast period. Increasing demand for heat recovery utilities in the chemical; Heating, Ventilation, and Air Conditioning (HVAC); and food and beverage sectors is anticipated to bolster the growth.

Stringent environmental regulations pertaining to greenhouse gas emissions coupled with rising concerns regarding oil price fluctuations are expected to upsurge the development in nuclear and renewable energy sectors. This, in turn, is anticipated to bolster the demand for plate and frame heat exchangers in the aforementioned sectors over the forecast period.

Widespread use of brazed plate heat exchangers in various applications such as heat pumps, district heating substations, and gas-fired boilers is expected to augment the market growth. The increasing product penetration in various applications can be attributed to the efficiency of the heat exchangers to transfer heat with less carbon footprint.

The rapidly growing power generation and petrochemical industries in the European economies such as Italy and Germany are expected to bolster the market growth. Furthermore, increasing use in oil and gas, automotive, pharmaceutical, and petrochemical industries owing to low leakage risk and high corrosion resistance is likely to propel the growth of the market for plate and frame heat exchangers in the forthcoming years.

Full Research Report On Plate And Frame Heat Exchangers Market Visit Here: https://www.grandviewresearch.com/industry-analysis/plate-and-frame-heat-exchanger-market

Plate & Frame Heat Exchangers Market Report Highlights

• The gasketed plate and frame heat exchanger accounted for 56.9% of the global revenue share in 2019, on account of widespread use of the product in power plants owing to lower maintenance and compact size
• HVAC and refrigeration application is projected to witness a CAGR of 7.5% in terms of revenue from 2020 to 2027, owing to the increasing demand for efficient and compact heat recovery systems
• North America is estimated to witness a CAGR of 7.2% in terms of revenue from 2020 to 2027 on account of surging exploration and production activities in the oil and gas industry thereby resulting in increased product penetration in the region
• China accounted for 42.0% revenue share of the Asia Pacific market in 2019, owing to the increasing product penetration on account of rising fuel processing, automotive, and oil and gas industries in the economy
• Major market players adopt strategies such as mergers and acquisitions and new product development to improve market penetration and to aid the companies in gaining competitive edge

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Plate & Frame Heat Exchangers Market Segmentation

Grand View Research has segmented the global plate & frame heat exchangers market on the basis of product, end use, and region:

Plate and Frame Heat Exchangers Product Outlook (Revenue, USD Million, 2016 - 2027)

• Brazed
• Gasketed
• Welded
• Others

Plate and Frame Heat Exchangers End-use Outlook (Revenue, USD Million, 2016 - 2027)

• Chemical
• Food and Beverage
• HVAC and Refrigeration
• Oil and Gas
• Power Generation
• Pulp and Paper
• Others

Plate and Frame Heat Exchangers Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• Italy
• U.K.
• Russia
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Central and South America
• Brazil
• Argentina
• Middle East and Africa
• UAE
• South Africa

About Grand View Research        

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com