Rubber Gloves Market Worth $22.1 Billion By 2027

The global rubber gloves market size is expected to reach USD 22.1 billion by 2027, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.7% from 2020 to 2027. Rising government expenditures towards the healthcare industry across countries including Germany, Italy, India, Australia, and the U.K., is expected to drive the market over the forecasted period.

The market is driven by rising adoption in industries such as automotive, oil and gas, construction, cleanroom, metal and machinery, and chemicals to prevent injuries at workplaces. This can be attributed to the presence of stringent regulations in various countries towards workers safety, such as Occupational Safety and Health Administration (OSHA), and high costs associated with workplace hazards.

The demand for rubber gloves is expected to rise, with growing concentration of industry players associated with the food and beverages industry, such as bakeries, packaged foods, and restaurants, towards making their products free from direct touch. This can be attributed to growing consumers awareness towards hygiene level of foods, and prevent infections caused due to spoilage, and mishandling of foods.

The global outbreak of the COVID-19 pandemic in 2020 has resulted in increase in the demand for Personal Protective Equipment (PPE), such as gloves, masks, face shields, and gowns. Governments across various countries across the world are collaborating with rubber gloves manufacturers, to maintain proper supply in the market, and prevent further transmission of the virus.

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Rubber Gloves Market Report Highlights

• Natural rubber accounted for 41.2% of the global revenue share in 2019, on account of wide usage in medical and food and beverage industries, and useful properties including high elasticity and chemical resistance
• The disposable product segment is estimated to witness a CAGR of 15.1% from 2020 to 2027, owing to its less cost and single use property that prevents transmission of pathogens from one patient to another during testing operations
• The powder-free type segment is estimated to witness a CAGR of 15.8% from 2020 to 2027, as they are ideal to be used in wet conditions and due to presence of strict mandates towards usage of powdered gloves, as they can cause skin allergies
• Europe accounted for revenue share of 34.8% in 2019, owing to high adoption rate in heavy duty industries, to prevent hand injuries and infection, and high demand in countries such as Italy, Ukraine, France, and Croatia, due to COVID-19 outbreak
• Strategies adopted by market participants include supply chain development, collaborations, value chain integration, and distribution network expansion to gain a competitive edge in the market

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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

 

Silane Market Size Worth $1.4 Billion By 2027

The global silane market size is expected to reach USD 1.4 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.0% over the forecast period. High demand for silane as an adhesion promoter in the adhesives & sealants segment and as a coupling agent in paints & coatings segment is driving the market globally. The extensive use of the product in various types of paints and coatings used in the building & construction industry has led to a rise in its demand. Companies, such as Shin-Etsu Chemical Co., Ltd., Dow Corning, Momentive Performance Materials Inc., Power Chemicals Corporation, and Wacker Chemie AG, are among the top manufacturers of silane for paints & coatings industry.

Silane is used as an adhesion promoter in the coatings industry and is also used as a crosslinking agent, as well as in pigment treatment. It improves the UV resistance, adhesion, water & chemical resistance, flow behavior, and pigment & filler dispersion of coatings. Silane coupling agents enable the paint to display an enhanced performance. Synthetic elastomers and other coatings face adhesion issues after being exposed to water and moisture. Using silane as an adhesion promoter can eliminate these problems.

The growth of the automotive industry on account of the technological advancements and the rising requirement for silane-based rubber products for tire manufacturing is expected to fuel the market demand globally. Silane is used as a coupling agent between non-black pigments and the polymer backbone in rubber compounding. It allows the rubber to exhibit improved rolling & abrasion resistance, higher compound modulus, and enhanced compression, leading to its usage in tires in the automotive industry.

The automotive industry has been a crucial part of the global economies for many years on account of the presence of multiple international automobile manufacturers across the world. Key multinational automakers including Volkswagen Group, Daimler, Subaru, Hyundai, KIA, Honda Motor Company, Nissan Motor Company, Mitsubishi, Fiat Chrysler Automobiles, Toyota Motor Corporation, Ford Motor Company, and General Motors have been structuring automotive industry on a global scale. The growth of these end-use sectors is anticipated to boost the demand for silane over the forecast period.

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Silane Market Report Highlights

• Mono/chloro silane is expected to witness the fastest CAGR of 4.6%, in terms of volume, from 2020 to 2027
• This growth is due to increasing demand for the product as an intermediate in the production of ultrapure silicon used in the semiconductor industry and as a protecting agent in the pharmaceutical industry
• Paints & coatings application is expected to be the fastest-growing segment, in terms of volume, from 2020 to 2027, due to high demand from the rapidly growing building & construction sector across emerging economies of Central America and the Asia Pacific
• Asia Pacific is expected to register the fastest growth rate of 4.8%, in terms of volume, from 2020 to 2027 owing to increasing penetration of automobile manufacturers and rising construction projects across China, India, and South Korea
• Key companies focus on research & development activities for product development and process innovation

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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

 

Metal Cutting Machine Market Growth & Trends

The global metal cutting machine market size is expected to reach USD 9.74 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.9% during the forecast period. Rising demand from various application industries for cutting components with high precision and edge quality are expected to drive the market growth.

Advancements in manufacturing processes and growing demand for the latest technologies are likely to drive the market growth. Moreover, rising demand for advanced metal cutting machines that offer increased performance and throughput coupled with the ability to cut thicker cutting ranges improved parts edge quality, and high cutting speeds are likely to drive the market growth.

Factors including widening skills gap coupled with limited skilled workers and increasing focus of application industries on automation to improve the production performance and efficiencies are likely to drive the demand for NC and CNC metal cutting machines that offer flexibility, thereby driving the overall market growth.

The outbreak of the COVID-19 pandemic, is, however, expected to have a negative impact on the manufacturing sector in several countries owing to the lockdown restrictions. This, in turn, is likely to hinder the growth of the market for metal cutting machines in 2020, which is anticipated to have a cascading effect on overall growth during the forecast period.

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Metal Cutting Machine Market Report Highlights

• The laser cutting machine product segment accounted for a revenue share of 61.6% in 2019 on account of the ability of the product to cut a wide range of ferrous and non-ferrous metals with high-quality and precision
• The demand in the aerospace and defense application segment is anticipated to expand at a CAGR of 6.1% from 2020 to 2027 owing to rising military budgets and passenger traffic which is likely to boost the production of defense and commercial aircrafts
• The metal cutting machine demand in Europe accounted for a revenue share of 24.6% in 2019, on account of robust automotive and manufacturing sectors coupled with a surge in industrial automation, and growing technological innovations
• The demand for metal cutting machine in South Korea is expected to witness a CAGR of 6.0% owing to the growing demand from automotive, marine, and electronics & electrical application industries
• In April 2020, TRUMPF launched the TruLaser Tube 3000 fiber, a laser tube cutting machine that offers a cost-effective option for medium to low capacity utilization and covers wide range applications including round tubes, flat steel bars, and profiles

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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

 

Aerosol Market Size Worth $143.64 Billion By 2027

The global aerosol market size is anticipated to reach USD 143.64 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.5% in terms of revenue, during the forecast period. Rising demand for aerosol products from various end-use industries such as personal care, household, automotive and industrial, and medical is anticipated to drive the market growth.

Aerosol paints are increasingly being used for automotive as well as architectural paint applications. Uniform propulsion, ease of application, and aesthetic appeal of aerosols are the key factors attributed to the demand from automotive and architectural end-use industries. Furthermore, the rapidly expanding construction sector, especially in developing countries, such as India, China, Vietnam, and Indonesia, are expected to fuel the demand in paint application.

Considerably high prevalence of respiratory diseases such as asthma and Chronic Obstructive Pulmonary Disease (COPD), majorly due to the changing lifestyle and rising geriatric population, is principally driving the demand for aerosol-based inhalers. In addition, rising demand for various pain relief sprays owing to their convenience of application is further anticipated to drive the product demand.

Asia Pacific is among the significant regional markets for aerosol. Rising demand for personal care products from developing countries is anticipated to propel the regional demand over the forecast period. In addition, increasing awareness regarding cleanliness and hygiene is boosting the demand for household products like cleaners, sanitizing agents, and air fresheners, which in turn is projected to drive the regional market growth over the forecast period.

Rising demand from Asia Pacific is encouraging aerosol manufacturers to increase their production. For example, in February 2019, Vanesa Care announced plans to set up its fourth manufacturing facility in India. This facility would be the company’s fourth plant. The market is highly competitive with numerous players involved in acquisitions and expansions. In addition, they also conduct R&D for emerging sectors such as household and personal care.

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Further key findings from the report suggest:

• Personal care application accounted for a market share of 30.0% in terms of revenue in 2019, with wide-scale adoption of aerosol for offering deodorant, hair mousse, hair sprays, and others due to its convenience contributing to the growth
• The automotive and industrial application segment is anticipated to expand at a CAGR of 6.5% from 2019 to 2027. Increasing preference for aerosol-based greases and oils in automobile service stations is majorly driving the demand for aerosol in the automotive and industrial application segment
• Asia Pacific aerosol market, in terms of revenue, is estimated to expand at a CAGR of 8.7% from 2019 to 2027, on account of increasing penetration of retail, growing construction activities, and rising sales of automobiles
• Europe is expected to witness relatively slower growth over the forecast period, owing to the regulations regarding Volatile Organic Compounds (VOC) emissions laid down by the European Commission and the Environmental Protection Agency (EPA)
• The global market is highly competitive in nature owing to the presence of major players like Proctor & Gamble; Reckitt Benckiser; Unilever; Honeywell International Inc.; SC Johnson & Son Inc.; and Henkel

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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

 

Riveting Tools Market Size Worth $281.2 Million By 2025

The global riveting tools market size is expected to reach USD 281.2 million by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 4.5% over the forecast period. Increasing adoption of automated processes across major manufacturing industries is anticipated to drive the growth of the market over the forecast period.

Raw materials such as aluminum and steel are widely used on account of characteristics such versatility and cost-effectiveness. Strong consumption of these materials in the manufacturing industry is further likely to provide growth opportunities for the market. In addition, current tax reforms are projected to boost the steel industry growth in U.S., which, in turn, is expected to benefit the market.

Pneumatic tools are lightweight and have high efficiency. However, the complex propulsion structure of these tools contributes to their higher costs. Battery-operated riveting tools are efficient and easy to handle. Moreover, they have a similar or lower pricing structure when compared to hydro-pneumatic and pneumatic riveting guns and are hence gaining popularity. However, battery-operated riveting tools are anticipated to have a lower penetration as a substitute for handheld rivet guns and tongs as they have an even lower price bracket. 

Full Research Report On Riveting Tools Market Visit Here: https://www.grandviewresearch.com/industry-analysis/riveting-tools-market

Further key findings from the study suggest:

• Battery powered riveting products are projected to register a CAGR of 6.4% from 2019 to 2025 in terms of revenue, driven by faster operation cycles, wireless operations, and superior efficiency, further leading to upscale product adoption
• Automotive and aerospace industries across the globe are anticipated to register a CAGR of 4.8% over the forecast period in terms of revenue owing to the rising consumption of riveting tools on account of growing passenger car sales and increasing air traffic
• The North America market accounted for a consumption of 583.8 thousand units in 2018 owing to the rapidly growing building and construction industry in U.S. and presence of a notable aerospace industry in the region
• The market in U.S. is expected to register a CAGR of 3.9% over the forecast period in terms of revenue on account of the rising use of the product in automotive and aerospace parts manufacturing and Manufacturing, Repair, and Operations (MRO) industries
• Prominent players in the riveting tools market are engaged in the expansion of their product offerings by investing heavily in R&D activities and are focusing on the introduction of low-cost materials with superior operational characteristics

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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

 

Natural Gas Generator Market Size Worth $10.87 Billion By 2025

The global natural gas generator market size is projected to reach USD 10.87 Billion by 2025, registering a CAGR of 10.7% over the forecast period, according to a new report by Grand View Research, Inc. growing demand for back-up power coupled with increasing government regulation to reduce the carbon emission caused by diesel generator is likely to strengthen the growth for the natural gas genset market during the forecast period.

The global electricity demand is anticipated to witness an increase of nearly two-thirds the current demand over the forecast period. The current availability of natural gas in large quantities and its relatively lower prices, especially in regions such as North America and Europe, have led to an increase in power generation using natural gas.

Increasing focus on electricity generation through cleaner sources and environmental concerns arising from diesel generators are the factors anticipated to increase the share of natural gas generator set in the coming years.

Conventional generators such as diesel generator emit harmful gases including nitrogen oxide, hydrocarbons, and carbon monoxide due to the combustion of diesel. Due to this, different regulatory bodies have imposed stringent regulations that pose a barrier to the usage of diesel generators. This, in turn, has resulted in the growth of eco-friendly alternatives of diesel generators such as natural gas generator.

Emerging economies in Asia Pacific region such as India, China, Japan and others have witnessed a strong growth in commercial sectors. IT, telecom and retail sector, resulting in the growth of demand for natural generators over diesel generator for back-up power application owing to the increasing stringent government regulation to curb greenhouse gas emission caused by diesel generator.

Full Research Report On Natural Gas Generator Market Visit Here: https://www.grandviewresearch.com/industry-analysis/natural-gas-generator-market

Further key findings from the report suggest:

• Low power generator accounted for the largest market share in power rating segment with USD 2,321.7 million in 2018. Low power generator are very popular for residential and commercial power backup operation. Due to growing urbanization, national grids are getting pressurized which is resulting in the increased demand supply gap for power which is eventually driving the demand for natural gas generator market.
• Medium power generator in power rating segment is projected to grow at highest CAGR during the forecast period. Increasing demand from emerging economies such as China, India and Brazil for back -up power system which uses clean fuel, for commercial and industrial application are a major driver for medium power generators.
• For application segment, commercial segment accounted for the largest market share in 2018 and is projected to grow at highest CAGR during the forecast period Developing economies in Asia Pacific have witnessed strong growth in commercial sectors. IT, telecom, and retail are some of the major sectors that are growing rapidly in developing countries of Asia Pacific, resulting in a high demand for natural gas generators as natural gas generator are crucial for back-up power in these facilities.
• North America accounted for the largest market share in 2018. The abundance of natural gas in the U.S. coupled with developed infrastructure for transportation of natural gas within the country has played a vital role in driving the demand for gas generator sets in the U.S.
• Asia Pacific market is forecasted to witness highest growth during the forecast period and is projected to be valued at USD 2.84 billion by 2025. High growth of industrial sector in China, India, Japan, and South Korea has triggered the demand for industrial generator sets in the region.
• The establishment of heavy equipment, oil & gas, and process companies in China owing to low labor and utility costs has been one of the factors responsible for the growing penetration of gas generator set in the region.
• Some of the significant industry participants include Cummins Inc., Caterpillar Inc., Kohler co. Inc., Mitsubishi Heavy Industries, Ltd., MTU Onsite Energy, Generac Power Systems, Inc., Cooper Corp., General Electric, Yanmar Co., Ltd, Mahindra Powerol, and others. These players have adopted various organic and inorganic growth strategies to expand there product portfolio and geographical footprint.

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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

 

Cryogenic Tanks Market Growth & Trends

The global cryogenic tanks market size is expected to reach USD 8.31 billion by 2027, according to a new report by Grand View Research, Inc. It is anticipated to exhibit a CAGR of 4.9% from 2020 to 2027. The market is driven growing demand for cryogenic tanks from various end-use industries such as metal processing, food, healthcare, and others. Growth in transportation and storage applications for cryogenic technologies represents a capable growth prospect for the market.

Cryogenics is a leading-edge technology that involves particular detailed technical expertise and components used for manufacturing. Therefore, various regulations and procedures must be followed to manufacture and retail cryogenic tanks in the market. Hence, the manufacturing costs for these cryogenic tanks have been increased, which has ultimately led to leasing and retrofitting of cryogenic tanks. It is one of the significant factors which may restrict the sales during the estimated period.

Growing manufacturing industries in both mature and developing economies are providing an opportunity for market to rise over the next seven years. Increasing use of industrial gases such as LN2 for cooling the electronic products during the manufacturing process is projected to propel the industry growth from 2020 to 2027. Moreover, recent outbreak of pandemic has created immense opportunity for growth in healthcare sector. Huge investment is made in R&D in pharmaceutical industry which has created rise in demand for cryogenic storage option of liquid nitrogen and other gases which is further expected to propel the market growth.

In November 2018, Chart Industries, Inc., a global manufacturer of highly engineered equipment for the industrial gas, biomedical, and energy industries, acquired VRV S.r.l. and its subsidiary companies to accomplish a substantial cost interaction that is related to sourcing and operational efficiencies. Various key players are operating globally to attain clients through mergers and acquisitions. Owing to limited expansion in the higher-tier sector coupled with the failure of niche players to breakdown the market penetration and led to the customers' dependence on the service provider's skill dominants the suppliers' end.

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Cryogenic Tanks Market Report Highlights

• In cryogenic liquid segment liquid nitrogen segment accounted for the largest market share in 2019 and is projected to expand at the highest CAGR during the forecast period
• The liquid natural gas segment accounted for second largest market share and is projected to expand at CAGR of 5.1% during the forecast period
• Storage application segment accounted for the largest market share of 75.49% in 2019 and is projected to register the highest CAGR over the forecast period
• Manufacturing industry accounted for the largest market share in the end-user segment whereas healthcare sector is expected to expand at fastest CAGR during the forecast period
• Asia Pacific is projected to register the highest CAGR throughout the forecast period. China is projected to account for the largest market share in Asia Pacific
• North America is likely to display a moderate growth rate during the projected period. Rise in the production of Natural Gas (NG) in U.S. is one of the chief factors that thrust the demand for cryogenic tanks for transportation and storage applications

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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

 

Hybrid Solar Wind Systems Market Growth & Trends

The global hybrid solar wind systems market size is expected to reach USD 1.61 billion by 2027, registering a CAGR of 7.2% over the forecast period, according to a new report by Grand View Research, Inc. Positive outlook towards the renewable energy sector on account of growing demand for clean and sustainable energy is expected to remain a major growth-driving factor for the market. 

Wind and solar power are the most popular non-conventional source of energy owing to their abundance in availability, which has been a critical factor over the past few years. Global warming and climate change have been the causes of concerns over the past few decades. The Paris Agreement of 2015, where more than 180 governments of various countries pledged to work towards increasing energy efficiency and saving energy, has also played a major role in boosting the wind energy market growth.

The declining cost of wind and solar energy is another significant factor driving the market. Technological innovation and advanced manufacturing trends, especially in the solar panels in China, has led to a steep decline in the installation cost. Furthermore, efficient blade designs, gearless wind turbines, and use of Artificial Intelligence (AI) for maintenance and surveillance have increased the penetration of these systems across the world.

Moreover, growing number of pacts and initiatives, with respect to the adoption of hybrid wind and solar energy projects, are majorly contributing to the demand. Transitioning trend toward the use of products and services that cause least environmental damage is also expected to propel the market growth over the period of the forecast period.

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Hybrid Solar Wind Systems Market Report Highlights

• Stand-alone systems was the largest connectivity segment capturing around 62.8% of the global market share in 2019 due to high demand from remote industries
• Industrial end-sue segment is anticipated to lead the market in future due to growing demand for electricity
• Asia Pacific is anticipated to be the largest regional segment by 2027 owing to presence of end-use industries, such as automotive, electronics, manufacturing, and pharmaceutical
• Government contracts, new product launches, and technological collaborations are some of the strategic initiatives taken up by most of the leading companies in the market

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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

 

Enhanced Oil Recovery Market Growth & Trends

The global enhanced oil recovery market size is expected to reach USD 62.1 billion by 2027, escalating at a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. A growing number of ageing wells witnessing declining production rates coupled with rising government investment in research and development activities is likely to drive the market over the forecast period.

Increasing technological advancements are enabling E&P companies to revive old wells and thus attain optimum production. This trend is estimated to positively influence industry growth. The increasing number of mature wells and investments in R&D activities for new technology development by various market players to improve the oil recovery process will result in the growth of the industry.

Industry participants enter into several strategic collaborations, such as mergers & acquisitions and joint ventures, to expand their foothold across various regional markets and develop economic technologies. The technologies used in enhanced oil recovery (EOR) are mostly in-housed by the companies. To further reduce the overall operational costs, market players procure raw materials, such as nitrogen, carbon dioxide, polymer, and others, from small-scale regional companies.

The COVID-19 pandemic has severely disrupted the oil & gas market with drastically plummeting oil prices resulting in delayed drilling projects. Moreover, the demand for crude oil is anticipated to drop further due to reduced industrial activity and transport. These factors are expected to negatively affect market growth in the near future.

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Enhanced Oil Recovery Market Report Highlights

• The thermal technology segment occupied the largest market share in 2019. Thermal technology lowers the oil viscosity and increases its mobility ratio, thereby enhancing the oil recovery process
• CO2 injection technology is anticipated to be the fastest-growing segment over the forecast period as it helps reduce carbon emissions by utilizing those emissions for refineries and coal-based power plants
• Onshore application segment occupied the largest market share in 2019 owing to the presence of onshore exploration and production projects across the world along with lower conventional extraction costs for onshore oilfields
• North America led the global market in 2019 owing to the presence of a large number of existing and new EOR projects under operation across the region in the U.S. and Canada
• Asia Pacific is expected to witness the fastest growth rate over the forecast period owing to the rise in EOR activities in countries, such as China, Malaysia, Indonesia, and India

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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

 

Bromelain Market Size Worth $65.7 Million By 2027

The global bromelain market size is anticipated to reach USD 65.7 million by 2027 registering a CAGR of 7.2%, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth in the near future owing to the development in the healthcare and meat & seafood industries. In addition, the market in developed regions like North America and Europe is expected to accelerate on account of growth in R&D to widen in the product application scope in the treatment of cancer, Acquired Immune Deficiency Syndrome (HIV/AIDS), asthma, Inflammatory Bowel Disease (IBD), sprained ankles, tendonitis, and ACL tears.

The meat and seafood industry is the largest application segment. The product enzyme is extensively used in this industry to improve the tenderness of beef, pork, chicken, and squids. The U.S., Brazil, Germany, the Netherlands, Australia, Spain, Canada, Poland, New Zealand, and India are the major markets in this segment. As per the UN Comtrade statistics, these countries accounted for approximately 70% of the global meat & meat products (HS Code: 02: Meat & edible Meat Offal) exports. Demand and exports of meat and seafood have certainly surged in these countries in the past and a similar trend is expected during the forecast period.

The dietary supplements industry has been witnessing a steady growth during the past few years due to increased awareness about maintaining a healthy lifestyle. The use of natural enzymes in dietary supplements has been rising, thereby driving the segment growth. Some of the other sectors where the product is used include cosmetics, bakery, and others. The penetration in the market is not very significant, but with time, the product usage is expected to rise in these end-user industries.

Moreover, the easy availability of bromelain in various specifications ranging from 1000 GDU/gram to 3000 GDU/gram will augment its demand in the near future. In addition, R&D in the field is expected to surge during the forecast period, which, in turn, will drive the market. Growing product demand in the healthcare industry in various countries, including the U.S, Canada, Brazil, and Mexico, will fuel growth in the market development.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/bromelain-market

Bromelain Market Report Highlights

• In 2019, the meat & seafood industry emerged as the largest application segment owing to extensive product usage to improve the tenderness of meat & seafood
• Asia Pacific led the global market in 2019 due to high product demand from several end-use industries in India and China
• Indonesia emerged as the prominent product manufacturer in the APAC region on account of easy availability of raw materials due to high pineapple cultivation
• Key players in the market are collaborating with local cultivators for constant procurement of raw materials

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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