Metal Fibers Market Growth & Trends

The global metal fiber market size is expected to reach USD 6.98 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.9% from 2020 to 2027. The market is driven by increasing product demand from the end-use industries, including aerospace, automotive, and textile, owing to favorable characteristics and demand for lightweight and advanced fibers. Characteristics of metal fibers that attract the industries include chemical resistance, strength, and failure strength. The use of metal fibers in industrial solutions, circuit boards, mobiles, and other power and electronics also enhances product demand.

The market majorly deals with products, including fibers of steel, aluminum, copper, which boosts the product demand. Steel fibers and aluminum fibers are projected to account for a significant share in the market and are expected to witness considerable growth over the forecast period. Demand for metal fibers majorly depends on its demand from various end-use industries.

A considerable number of companies are integrated vertically across the value chain. The value chain elements include raw material suppliers, manufacturers, distributors, and others. The government policies compelling the manufacturers to offer and introduce advanced fibers in order to have lightweight vehicles and control over CO2 emissions trigger the demand for metal fibers. The industry witnessed a large number of multinational and established players occupying a significant market share. However, constant advancement in the fibers and rising demand for composite fibers tend to hamper the market growth in the forecast period.

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

Metal Fibers Market Report Highlights

• By product, steel fiber is expected to witness significant growth from 2020 to 2027, on account of high product penetration in automotive, construction, and other applications
• Aluminum metal fibers are expected to reach USD 1.57 billion by 2027 owing to the extensive product use in aerospace and defense and automotive applications
• The textile end-use industry was valued at USD 739.97 million in 2019 on account of demand for handbags, carpets, apparels, footwear, and home décor
• Asia Pacific is estimated to register the fastest CAGR in terms of revenue from 2020 to 2027 owing to the surge in demand from the end-use industries
• R&D investments from major multinational companies involved in the market for the production of advanced fibers and textile products favor market growth.

Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/metal-fiber-market/request/rs1

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

 

Chillers Market Size Worth $13.9 Billion By 2027

The global chillers market size is expected to reach USD 13.99 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Rising demand for efficient HVAC and refrigeration systems in newly constructed structures to maintain the increasing internal temperature is expected to drive the market over the forecast period.

Chillers are used in various industries, including plastics, food & beverage, printing, medical, electronics, petrochemical, pharmaceutical, and power plants to provide cooling. Increasing adoption of chillers in manufacturing facilities, residential structures, hospitals, restaurants, and sporting arenas, among others is expected to positively impact the product demand.

The demand for HVAC systems for cooling and dehumidifying the buildings is witnessing significant growth over the past few years on account of the rising atmospheric temperatures, attributed to global warming. Furthermore, the ability of the chillers to efficiently transfer heat from the internal environment to the external atmosphere is expected to support market growth.

Lockdown imposed to curb the spread of COVID-19 coupled with low GDP growth in various economies has resulted in dampening the construction activities globally. Furthermore, the closure of end-user facilities, including various production facilities and commercial buildings, has hampered the demand for repair & maintenance and aftermarket sales of the product.

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

Chillers Market Report Highlights

• The air-cooled segment is expected to witness the fastest CAGR of 4.8% from 2020 to 2027, in terms of revenue, on account of low initial and maintenance costs of these systems due to the simple construction and design
• The centrifugal chillers segment is estimated to witness a CAGR of 4.0%, in terms of revenue, from 2020 to 2027, due to increasing adoption of these systems in commercial and industrial buildings for cooling medium to large loads
• The medical & pharmaceutical sector accounted for a major share of the global industrial application segment in 2019, due to high product usage in CT scanners, MRI systems, blood cooling systems, electron & laser microscope, and precision laboratory applications
• The product demand in Italy is estimated to reach USD 728.1 million by 2027 owing to the positive growth of retail, tourism, and manufacturing industries coupled with increasing investments in the construction industry in the country
• Major industry participants are focusing on licensing agreements, new product launches, and mergers & acquisitions to obtain a competitive edge and strengthen the market position

Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/chillers-market/request/rs1

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

 

Personal Protective Textile Market Growth & Trends

The global personal protective textile market size is expected to reach USD 6.2 billion by 2027, expanding at a CAGR 3.4%, according to a new report by Grand View Research Inc. The increasing need for protection against heat, flames, and micro-organisms in extreme working conditions in manufacturing facilities and health care centers are expected to support the demand for personal protective textiles over the forecast period.

Personal protective textiles are majorly used for making gloves, gowns, blankets, and other wearables. The fabrics are commercially available in various patterns and raw materials that resist to external temperature and don’t allow the penetration of substances throughout the material.

The growing utilization of personal protective equipment and protective clothing in industrial workspaces including factories, assembly plants, and food processing units is expected to augment the demand over the forecast period. Thereby, is also expected to support the market for industrial protective fabrics. These are widely used for personal protection as well as to avoid the contamination of the consumables in the processing units.

Growing production of heat and flame resistant clothing, bulletproof clothing, firefighter suits, clothing for micro-organism protection, space shuttles, and against chemical hazards are expected to support the market. The current COVID-19 pandemic across the globe has created a wide scope for the increasing demand for PPE made from the textile. Prominent players in the market are focusing on enhancements in the structural formation, durability, extreme resistance, and high performance of the products.

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

Personal Protective Textile Market Report Highlights

• Heat and flame resistant clothing application is expected to witness a CAGR of 3.6% over the forecast period owing to the optimum protection against extreme heat and flames in production units and factories
• In 2019, the ballistic protection segment dominated the market with a share of 27.3% and is anticipated to witness the highest CAGR over the forecast period on account of increasing military practices across the globe
• In North America, the revenue in 2019 stood at USD 1.4 billion and is likely to grow over the projected period on account of growing demand for PPE kits in medical facilities and specialized wearables in manufacturing units
• Europe registered the largest market share in 2019 owing to the well-established manufacturing industries and stringent regulations regarding employees and workplace safety
• The COVID-19 pandemic across the globe has created a wide demand for personal protective clothing for healthcare facilities. Major players are investing in R&D in order to enhance the production facilities, thus supporting the growth of the market.

Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/personal-protective-textile-market/request/rs1

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

 

Automotive Ceramics Market Size Worth $2.9 Billion By 2027

The global automotive ceramics market size is expected to reach USD 2.9 billion by 2027 registering a CAGR of 5.6%, according to a new report by Grand View Research, Inc. Stringent regulations for environmental protection are likely to remain a key growth driving factor for the market.

Governments of various countries are ensuring stringent emission standards to curb air pollution. Automakers around the world are under pressure to reduce the weight of the manufactured vehicles to improve fuel efficiency. This is likely to boost the demand for lightweight materials, such as aluminum, ceramics, and plastics.

Indian government recently announced BS VI emission standards, which are in line with European standards. These emission standards are effective from April 1, 2020. This is likely to attract investments in R&D and demand for lightweight materials over the coming years. As per these norms, petrol-based vehicles are projected to observe a 25% reduction in their NOx.

Growing requirements for safety and quality of materials used in auto manufacturing is another factor projected to assist in the demand for automotive ceramics products. In order to improve the performance of vehicles, companies are focusing on the development of more efficient engines. Advanced ceramics have the potential to replace some small metal parts to reduce the overall weight of the vehicle. It provides advantages, such as high strength, low density, and coefficient of friction and high wear resistance.

Increasing demand for vehicles in Europe and North America is projected to assist in the growth of the market over the coming years. Germany owing to its close association with luxurious brands, such as BMW, Mercedes, and Audi, is likely to have medium to high growth prospects over the long term.

However, recent outbreak of COVID-19 in the first quarter of 2020 has affected the product demand as governments of various countries have started lockdown for all the non-essential businesses across the world. As per the European Automobile Manufacturers Association, the outbreak of COVID-19 has resulted in nearly 14.6 million vehicles in production loss.

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

Automotive Ceramics Market Report Highlights

• Alumina was the largest material segment and accounted for a market share of 40.3% in 2019. Chemical and heat resistance of alumina drive its demand in applications, such as engines and fuel injectors
• Passenger vehicles segment is projected to grow at the fastest CAGR of 5.8% from 2020 to 2027 due to increasing sales of SUV vehicles
• Asia Pacific is likely to witness the fastest growth over the coming years. Large-scale production of automotive and growing population along with availability of low-cost labor and raw materials are the key growth drivers

Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/automotive-ceramics-market/request/rs1

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

 

Moringa Ingredients Market Size Worth $138.4 Million By 2027

The global moringa ingredients market size is projected to reach USD 138.4 million by 2027, according to a new report by Grand View Research, Inc. It is anticipated to exhibit a CAGR of 8.8% in terms of revenue during the forecast period. Increasing pharmaceutical application of moringa on account of its effective healing properties is expected to drive the market growth.

The growing prevalence of diseases such as asthma, anemia, diarrhea, constipation, diabetes, stomach pain, headache, heart diseases, intestinal ulcers, thyroid disorders, high blood pressure, viral, fungal, fluid retention, and bacterial infections is projected to drive the product demand and in turn encourage the global market growth.

Moringa ingredients derived from moringa plant are highly nutritious, is native to the tropical countries of South Asia. Major parts of moringa tree are used as an ingredient for moringa products such as the pod which is beneficial for producing medicines and for human consumption. Furthermore, the moringa leaf are also used in others application such as animal feed and also provides various health products including powder, tablets, capsules, oil, tea, energy bar, drops, and oil cake.

Increasing demand for moringa in cosmetic and personal care products on account of its various benefits such as helps in removing toxins, fights acne, slows down aging, reduction of large pores are significant factors that are anticipated to drive growth of the market for moringa ingredients in the forthcoming years.

The market is highly competitive in nature owing to the significant developments in terms of product innovation and portfolio expansion. Consumer shift from heavy meals to vegetarian options has created various opportunities for the manufacturers. Trends like veganism and preference for personalized meals are expected to drive the market growth.

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

Moringa Ingredients Market Report Highlights

• Food and beverage segment is projected to ascend at a revenue-based CAGR of 8.6% over the forecast period on account of growing consumer inclination toward fast food and increasing incidence of obesity
• Cosmetic and personal care segment registered the fastest revenue-based CAGR of over 10.0% during the forecast period, owing to rising healthcare costs coupled with increasing geriatric population across the world
• In terms of source, moringa seed ingredients segment is anticipated to record a CAGR of 9.3% in the upcoming years on account of increasing demand in cosmetics and food and beverage industries
• Asia Pacific was the largest regional segment accounting for 38.64% of the total market share in terms of revenue owing to the rising awareness concerning the health benefits of moringa and growing number of organized retailing outlets
• In Jan 2016, a New Global Energy Inc., pioneered a novel cultivation technique in California Coachella Valley. Through this move company intended to become a key raw material supplier of botanical moringa. In the near term, other market participants are likely to follow suit, given the rising demand of moringa products in the health and wellness space

Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/moringa-ingredients-market/request/rs1

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

 

Aerospace Forging Market Growth & Trends

The global aerospace forging market size is expected to reach USD 49.25 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.3% from 2020 to 2027. Increasing defense spending by various governments is projected to remain a key factor for the market growth.

In 2019, U.S. was the leading country for defense spending, followed by China. U.S. investments in R&D and weapons were greater than China’s overall defense budget. In 2019, U.S., China, Saudi Arabia, Russia, and India were the leading defense spenders. As per the U.S. budget, nearly 57 billion are allocated to the Air Force in 2020, including USD 11 billion for Joint Strike Fighters.

Emerging economies such as India and China are also likely to procure various military planes to strengthen their defense. For instance, India received its first Rafale fighter jet in 2019. For this, India signed a deal with France to procure 36 Rafale fighter jets. Forged components are widely used in military planes owing to its combination of size, geometry, and mechanical properties.

Increasing investment by aircraft manufacturing companies in order to supply more aircraft is likely to contribute to the demand for forging parts. For instance, Airbus recently invested nearly USD 40 million in its production facility Mobile, Alabama. This investment was done in order to manufacture A320 family aircraft in 2021. This strategic investment of the company is likely to assist in boosting the production rate and improving the company’s industrial footprint in U.S.

Inorganic growth strategies through mergers & acquisitions by manufacturing companies are likely to play a key role in the market. For instance, in December 2019, Arlington Capital Partners acquired Rixson Forging Ltd. from Arconic. Rixson is one of the leading suppliers of closed die forging components to Tier I and OEM for aerospace and defense engine companies.

Adoption of lightweight design and materials is another promising area for market vendors. Materials such as aluminum and titanium are projected to witness rapid demand in aerospace component manufacturing. In 2018, Weber Metals Inc. revealed 60,000-ton press at a manufacturing facility worth USD 180 million. This press is projected to assist in the manufacturing of aluminum and titanium forged parts, such as fuselage and wing fittings, cockpit window frames, and various bulkheads.

The market is likely to witness sluggish growth in 2020 on account of the spread of COVID-19 disease around the world. This outbreak has resulted in the reduction of production and in some cases, closure of non-essential businesses, such as automotive and aerospace companies. Giant manufacturers such as Boeing and Airbus have recently announced a temporary shutdown of their various production facilities.

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

Aerospace Forging Market Report Highlights

• In terms of volume, aluminum was the largest material segment and accounted for a share of 55.7% in 2019. The growth of the segment is attributed to improved focus on lightweight design and development of advanced aluminum alloys
• In terms of revenue, titanium is projected to expand at a CAGR of 7.1% from 2020 to 2027 on account of its ability to withstand high temperatures and high corrosion resistance
• The military aircraft segment was valued at USD 9.09 billion in 2019. Growing defense budget across various countries is likely to remain a key factor for the growth of the segment
• The commercial aircraft segment accounted for the largest volume share of 51.1% in 2019 and is likely to witness considerable growth on the account of increasing passenger traffic across various countries
• Asia Pacific was valued at USD 9.02 billion in 2019. The growth of the segment is attributed to presence of numerous forging companies and exporters of forged components

Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/aerospace-forging-market/request/rs1

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

 

Medical Protective Clothing Market Size Worth $661.0 Million By 2027

The global medical protective clothing market size is expected to reach USD 661.0 million by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% from 2020 to 2027. Increasing demand for medical protective clothing to ensure employees’ safety during the ongoing COVID-19 pandemic is expected to boost market growth.

Stringent government regulations pertaining to employee safety are forcing employers to comply with the industry standards, thereby augmenting the product demand. Furthermore, shifting customer preference towards better performing, comfortable, and stylish clothing is driving the companies to invest significantly in research & development activities.

Increasing number of COVID-19 cases in the economies, including Italy, China, and U.S., coupled with insufficient supply of protective kits, is likely to drive product demand. Implementation of the Defense Production Act (DPA) by U.S. has resulted in other apparel manufacturers focusing on the production of protective clothing, thereby complementing growth.

Fashion conglomerates, luxury labels, and designers are engaged in the production of protective clothing for providing protection to the personnel exposed to the COVID-19 virus. In addition, various small-scale companies are involved in providing alternative solutions, such as disposable or reusable laboratory coats and aprons with long sleeves and snaps or buttons for fastening.

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

Medical Protective Clothing Market Report Highlights

• In U.S., the home healthcare segment is estimated to reach USD 39.4 million by 2027 on account of increasing demand for an inexpensive and effective alternative to hospitalization by the elderly population
• In Europe, coveralls are expected to expand at a CAGR of 6.3% from 2020 to 2027 in terms of revenue owing to stringent regulations in the region pertaining to the health and safety of the healthcare professionals
• In India, gowns accounted for 39.9% share of the overall revenue in 2019 owing to their ability to minimize the risk of disease transmission by the healthcare professionals, coupled with the low-level of stress/heat generated by the garment
• North America accounted for 28.7% share of the global revenue in 2019 on account of increasing investments in the healthcare industry, along with rising prevalence of chronic diseases in the region
• Key manufactures such as Kimberly-Clark Worldwide, Inc., 3M, Honeywell, and Ansell are focused on supplying protective clothing to the healthcare professionals (HCPs) in response to the COVID-19 pandemic.

Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/medical-protective-clothing-market/request/rs1

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

 

Beverage Carton Packaging Machinery Market Growth & Trends

The global beverage carton packaging machinery market size is expected to reach USD 1.5 billion by 2027, expanding at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Rising awareness pertaining to the adverse environmental effects of plastic waste is expected to drive the demand for green packaging materials, in turn, benefitting market growth.

Increasing demand for drinks coupled with growing investment by beverage manufacturers for durable and sustainable secondary packaging is expected to drive the market over the forecast period. In addition, the demand for customized machines with high-tech and reliable machine components is likely to have a positive impact on the market.

Changing consumer lifestyles coupled with growing disposable incomes and increasing demand for a wide range of drinks are expected to positively impact the market. In addition, companies manufacturing drinks are focusing on innovation, which is expected to increase the number of drink options available in the market.

Rising demand for craft drinks as well as CBD-infused drinks is expected to have a positive impact on market growth. In addition, increasing consumer-driven demand for super-premium and premium distilled spirits is further anticipated to drive the growth of the drink industry, thereby driving the market over the forecast period.

Growing focus on automation to reduce the operating and labor costs, and maximize the uptime, is expected to drive the market. However, semi-automatic machines are also likely to generate a sizeable demand, most notably from microbreweries owing to less costly nature compared to the automatic versions.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/beverage-carton-packaging-machinery-market

Beverage Carton Packaging Machinery Market Report Highlights

• The horizontal end side-load cartoner type segment is likely to have the highest CAGR of 5.2% over the forecast period owing to its suitability for bulk product handling coupled with its ability to attain high speeds
• The automatic mode of operation segment is anticipated to have the highest CAGR over the forecast period owing to the increasing investments in automation, coupled with a growing focus on reducing operating and labor costs
• The non-alcoholic application segment is anticipated to witness a CAGR of 4.8% from 2020 to 2027 owing to the growing demand for bottled water as well as sports and functional drinks
• In Asia Pacific, the market is estimated to witness a CAGR of 5.8% from 2020 to 2027 on account of rapid expansion of the drink industry coupled with the increasing purchasing power of the consumers in the region
• Large manufacturing companies are increasingly demanding customized packaging solutions, including beverage carton packaging machinery that caters to their specific requirements.

Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/beverage-carton-packaging-machinery-market/request/rs1

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

 

Coiled Tubing Manufacturing Market Growth & Trends

The global coiled tubing manufacturing market size is estimated to reach USD 1.5 billion by 2027 registering a CAGR of 2.9%, according to a new report by Grand View Research, Inc. Increasing popularity of shale reserves in the production of crude oil is projected to augment market growth over the forecast period. The global oil & gas industry remains volatile with high fluctuations in crude oil prices. Reduced crude oil prices coupled with depressed upstream investments in the current scenario are projected to impact the profitability of the market vendors.

This associated sluggishness can be attributed to the falling oil demand from key importers, such as India and China. The global crude prices have fallen almost 66% from their highs in January 2020. This has affected the level of activities in the upstream and midstream sectors of the industry. However, the expansion of the downstream and midstream activities estimated in the forecast period is projected to drive the market.

On the upstream side, low oil prices have had negative implications for oil-exporting countries. Key countries, such as the U.S., Saudi Arabia, and Russia, have already announced plans to reduce production in the wake of reducing crude oil prices. The market uncertainty has led to several cost-cutting measures and shutting down of projects. All these factors are projected to hinder the market growth over the forecast period.

The market participants are under severe distress as the downstream demand for the product is in a free fall. The depressed economic activities in the upstream side of the oil & gas industry are projected to cause severe damage to the revenues of oil & gas operators. This, in turn, is already influencing the procurement processes of many multinational oil & gas companies.

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

Coiled Tubing Manufacturing Market Report Highlights

• Well intervention is projected to witness the fastest CAGR of 2.3%, in terms of volume, from 2020 to 2027
• Higher usage of Coiled Tubing (CT) in stimulation and well cleaning operations across the European region is likely to aid the growth of the well intervention segment
• Drilling is projected to remain the dominant service segment over the forecast period, in terms of volume as well as revenue
• The usage of coiled tubing in the onshore applications is estimated to observe the fastest growth rate. The onshore application segment is also anticipated to capture the largest revenue share by 2027
• The offshore application segment is projected to observe a slower growth in the coming years as offshore CT is expensive owing to the detailed specifications and unique properties required on site
• Led by the U.S., North America is projected to be the dominant regional market over the forecast period

Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/coiled-tubing-manufacturing-market/request/rs1

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

 

High Purity Base Metals Market Growth & Trends

The global high purity base metals market size is expected to reach USD 398.04 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 2.6% from 2020 to 2027. Increasing efforts by companies to deliver high-performance products and solutions are anticipated to boost the demand for high purity base metals over the forecast period.

Purity levels of base metals are available in different grades, such as 99.99%. In order to achieve this level of purity, metals have to undergo several processing steps. For instance, high purity aluminum is achieved through three-layer electrolysis or combining fractional distillation and three-layer electrolysis. In the electrolysis, aluminum ions are reduced in an electrolytic cell that contains three separate liquid layers. In the distillation, aluminum is refined by taking leverage of solubility differences.

Aluminum accounted for the largest volume share in the global high purity base metal market in 2019. It is the most inexpensive base metal and it finds applications in various end-use industries, automotive being the major industry. Lightweight and low cost are the major factors driving the demand for the product. High purity aluminum is popular in the electronics segment where it finds application in television, computer, and other display materials.

Lead is another vital product segment of the market. Advancements in the technologies have enabled to achieve high levels of purity in lead. Pure lead is alloyed with other elements for various commercial applications, such as extruded products like rods, wire, traps, ribbon, and pipes. It is also used in rolled products, such as thin foils, which are further used in crucial applications, including corrosion-resistant equipment for the chemical industry, waterproof membranes, roofing, and x-ray and gamma-ray shielding.

The ongoing COVID-19 pandemic has majorly affected the production and supply of these high purity base metals, causing their prices to decline. For instance, copper, lead, and zinc prices declined by -22%, -10%, and -19%, respectively in March 2020 from the previous month, owing to the emergence of the coronavirus. The shutdown of mines and manufacturing plants is affecting the prices.

North America is anticipated to be one of the fastest-growing regional markets in the forecast period. The region is impacted by COVID-19, which has led to a negative growth rate of the market in 2020; however, the situation is expected to stabilize in the next couple of years. Infrastructural developments and increasing production of electric vehicles are expected to boost the consumption of high purity base metals over the forecast period. For instance, the construction spending in the U.S. for the first seven months of 2020 was increased by 8.1% from the same period in the previous year. This is a positive sign for the market growth in the country.

The competitive rivalry is high in the market owing to the presence of numerous established players. The market players are engaged in mergers & acquisitions and capacity expansions for gaining a competitive edge in the market. For instance, in May 2020, Aurubis AG, a leading copper recycler, completed the acquisition of Metallo, which is its second acquisition in Belgium.

For more info visit here: https://www.grandviewresearch.com/industry-analysis/high-purity-base-metals-market

High Purity Base Metals Market Report Highlights

• Asia Pacific held the largest volume share of more than 71.0% in 2019 owing to China, which is the major consumer of refined copper and lead in the world
• The transportation end-use segment held the largest revenue share in 2019 on account of the rising production of electric vehicles, which will boost the demand for copper in the coming years
• By product, the copper segment is expected to register the fastest growth rate of 3.1% in terms of volume from 2020 to 2027 on account of its rising demand in the construction, automotive, and electronics industries
• The building and construction end-use segment is expected to witness the fastest growth in terms of revenue over the forecast period on account of rising infrastructural developments across the globe
• Market growth declined in 2020 owing to sluggish demand from the end-use industries caused by the shutdown in manufacturing operations, which resulted in surplus product availability, and thus a decline in prices

Request a Sample Copy @ https://www.grandviewresearch.com/industry-analysis/high-purity-base-metals-market/request/rs1

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

Plant-based Meat Market Growth & Trends

The global plant-based meat market size is projected to reach USD 13.8 billion by 2027 expanding at a CAGR of 19.4%, according to a new report by Grand View Research, Inc. Growing adoption of vegan lifestyle and diet among health-conscious consumers, especially in developed economies are expected to drive the market growth over the forecast period. Growing concerns regarding animal welfare and Greenhouse Gas (GHG) emission created by the distinguished practices of the meat industry, together with celebrity endorsements of vegan/vegetarian diets are projected to augment the demand for plant-based meat products. The plant-based meat is predominantly consumed in the Hotel/Restaurant/Café (HORECA) sector.

Key companies in the industry are collaborating with fast-food joints and restaurant chains to promote the adoption of their products. For instance, fast-food joints, such as Burger King, MacDonald’s, and Subway, are launching new vegan meat products to capitalize on the industry dominated by health-conscious customers. Plant-based meat burgers are likely to exhibit steady growth over the coming years on account of rising consumer concerns regarding conventional meat products in the wake of the coronavirus pandemic. These types of burgers have low gluten and fat contents, which make them a highly favored product among health-conscious individuals.

Full Research Report On Plant-based Meat Market Visit Here: https://www.grandviewresearch.com/industry-analysis/plant-based-meat-market

Plant-based Meat Market Report Highlights

• The plant-based meat sausages product segment is projected to register the fastest CAGR of 20.5% over the forecast period
• Rising preference for plant-based diets and increased sales of sausages through retail channels are anticipated to spur the segment growth
• Soy-based products accounted for the largest market share of more than 48% in 2019 on account of high demand due to their protein-rich contents
• The rising popularity of the vegan diet, particularly in European countries, has pushed the demand for plant-based meat products in the region
• In June 2020, Starbucks, in collaboration with Impossible Foods Inc., introduced the Impossible Breakfast Sandwich, which is made with plant-based sausage, to its menu in most of its locations in the U.S. It was launched as the Starbucks’ sustainability initiatives to meet the rising consumer demand for plant-based meat options

Request a Sample Copy of the Report @ https://www.grandviewresearch.com/industry-analysis/plant-based-meat-market/request/rs1

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