Saturday 29 June 2019

Acrolein Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

Acrolein is an unsaturated aldehyde, which is colorless to yellow in appearance and has a smell of foul, burnt fat. It is also called 2-propenal and is produced from petrochemical stocks including glycerin and propylene. Acrolein is stable at room temperature and is soluble in ethanol with a high tendency of polymerization. Acrolein is mostly used to manufacture acrylic acid along with to control plant and algae growth, paints, hydrocarbon-fuels, to kill bacteria and microorganisms in oil wells, and water treatment ponds. Acrolein is a highly electrophilic compound and a reactive one, making it highly toxic. Its manufacturing process includes two steps namely catalytic oxidation of propylene to produce acrolein and recovery of acrolein from reaction products.
Market Outlook
The global acrolein market size is expected to witness significant growth, owing to increasing demand for Methionine. For instance, Methionine holds the largest share for acrolein consumption globally, accounting for 61.51%. Moreover, the demand for plastic and agrochemical is expected to boost the global acrolein market growth. For instance, acrolein is a widely used in production of specialty chemicals such as biocide. This type of biocide finds applications in controlling algae growth in submerged or floating irrigation canals. It is also used in oil industries and drilling water wells. Moreover, increasing presence of major manufacturers around the globe is expected to drive the market growth. For instance, Evonik Industries held a dominant position in the global acrolein market with a 24.3% market share in 2016. Furthermore, the use of biobased glycerol for the production of acrolein will drive the market growth. The use of biobased glycerol has reduced the dependence on natural resources. Moreover, manufacturers are using new catalysts to get better production of acrolein.
However, acrolein production is heavily dependent on crude oil stock, which will eventually run out in the distant future. Limited crude oil feedstocks are likely to hamper the global acrolein market. Moreover, crude oil is also used in the petrochemical industry for energy production, accounting for a significant share. This has led to exhaustion of resources and fluctuations in crude oil supply, which will hinder the market growth. 
Market Regional Analysis
Currently, Japan, Europe, and the U.S. are the largest manufacturers of acrolein around the globe. Moreover, the U.S. is expected to witness significant growth in the market, owing to increasing export and trade of acrolein in the region. Moreover, importing in China of acrolein is expected to increase, owing to growing engineering plastic industry. However, Europe is expected to have a decline in the acrolein market, as its market has matured.
Market Players
Some of the major players operating in the global acrolein market include The Shell Oil Company, The Dow Chemicals, Company Shanghai Huachen Energy Company, Ltd, and Akzo Nobel N.V.
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Wednesday 26 June 2019

Aluminum Fluoride Market - Size, Share, Outlook, and Opportunity Analysis 2018 – 2026

Market Overview
Aluminum fluoride, also known as aluminum trifluoride, is an inorganic, chemical compound that is primarily used in the production of aluminum. The compound occurs in a colorless (white crystalline solid) form, as well as in minerals such as rosenbergite and oskarssonite. Aluminum fluoride has a wide range of applications in the chemical industry.
Market Dynamics
Aluminum fluoride is primarily used as an additive in the production of aluminum through electrolysis. Aluminum manufacturing involves the extraction of aluminum from its ore. Pure aluminum oxide is electrolyzed using a combination of aluminum fluoride and cryolite, which helps in lowering the melting point of the aluminum solution, and increasing its conductivity. Other applications of aluminum fluoride include production of fluoroaluminate glass, which is used for fiber-optic imaging and other applications in the medical industry. It is also used as a main component in ceramics for adding glaze to finished ceramic products. Fermentation properties contained in aluminum fluoride make it a useful ingredient in the beer and wine making industry. The wide range of applications found in the compound majorly contribute to the overall market growth in the near future.
However, health issues associated with overexposure to aluminum fluoride may hinder growth of the market in the future. Prolonged exposure to the compound, especially in powder form, can cause asthma. Moreover, the neurotoxic effect created by small doses of the chemical and can affect bone health and the nervous system, and cause fluorosis, and nervous system impairment.
Market Outlook
Asia Pacific holds a dominant position in the global aluminum fluoride market, with China contributing significantly to the global market share. Furthermore, countries such as Japan and India are expected to emerge as key players in the market, owing to increasing demand in the region for products made using aluminum fluoride. Rising disposable income and GDP in both countries is also expected to generate high demand in end-user industries such as automotive, construction, and pharmaceuticals. As a result, the market is expected to witness the fastest growth in the Asia Pacific region over the forecast period.
Additionally, North America region is expected to be the second highest contributor to the overall market growth, owing to rising per capita income and increasing investments by key players in the region. Europe is also estimated to witness moderate growth as a result of increasing innovation and technological advancement by major players in the region. Furthermore, growth of several end-user industries and increasing demand for the product in regions such as Africa and Latin America is estimated to propel growth of the market.
Key Players
Key players in the market are primarily engaged in research and development (R&D) activities, in order to improve technological efficiency and to strengthen their position in the market. The competitive landscape of the global aluminum fluoride market is expected to witness several key developments over the forecast period. Some of the prominent players in the market are Alfa Aesar, Shanghai IS Chemical Technology, Finetech Industry, Apollo Scientific Limited, and E. I. du Pont de Nemours and Company.
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Aluminum Fluoride Market - Size, Share, Outlook, and Opportunity Analysis 2018 – 2026

Market Overview
Aluminum fluoride, also known as aluminum trifluoride, is an inorganic, chemical compound that is primarily used in the production of aluminum. The compound occurs in a colorless (white crystalline solid) form, as well as in minerals such as rosenbergite and oskarssonite. Aluminum fluoride has a wide range of applications in the chemical industry.
Market Dynamics
Aluminum fluoride is primarily used as an additive in the production of aluminum through electrolysis. Aluminum manufacturing involves the extraction of aluminum from its ore. Pure aluminum oxide is electrolyzed using a combination of aluminum fluoride and cryolite, which helps in lowering the melting point of the aluminum solution, and increasing its conductivity. Other applications of aluminum fluoride include production of fluoroaluminate glass, which is used for fiber-optic imaging and other applications in the medical industry. It is also used as a main component in ceramics for adding glaze to finished ceramic products. Fermentation properties contained in aluminum fluoride make it a useful ingredient in the beer and wine making industry. The wide range of applications found in the compound majorly contribute to the overall market growth in the near future.
However, health issues associated with overexposure to aluminum fluoride may hinder growth of the market in the future. Prolonged exposure to the compound, especially in powder form, can cause asthma. Moreover, the neurotoxic effect created by small doses of the chemical and can affect bone health and the nervous system, and cause fluorosis, and nervous system impairment.
Market Outlook
Asia Pacific holds a dominant position in the global aluminum fluoride market, with China contributing significantly to the global market share. Furthermore, countries such as Japan and India are expected to emerge as key players in the market, owing to increasing demand in the region for products made using aluminum fluoride. Rising disposable income and GDP in both countries is also expected to generate high demand in end-user industries such as automotive, construction, and pharmaceuticals. As a result, the market is expected to witness the fastest growth in the Asia Pacific region over the forecast period.
Additionally, North America region is expected to be the second highest contributor to the overall market growth, owing to rising per capita income and increasing investments by key players in the region. Europe is also estimated to witness moderate growth as a result of increasing innovation and technological advancement by major players in the region. Furthermore, growth of several end-user industries and increasing demand for the product in regions such as Africa and Latin America is estimated to propel growth of the market.
Key Players
Key players in the market are primarily engaged in research and development (R&D) activities, in order to improve technological efficiency and to strengthen their position in the market. The competitive landscape of the global aluminum fluoride market is expected to witness several key developments over the forecast period. Some of the prominent players in the market are Alfa Aesar, Shanghai IS Chemical Technology, Finetech Industry, Apollo Scientific Limited, and E. I. du Pont de Nemours and Company.
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Artichokes Market – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

Artichoke plant is a species of thistle, perennial flowers, and member of the sunflower family, which is mostly cultivated in the countries bordering Mediterranean region. It is generally eaten when flower buds are immature. Tender base part of the bud is flavorful/fruitful which is cooked and eaten.
Market Dynamics
Increasing focus on health and novelty food consumption among the populace is major factor driving the global artichoke market, owing to its nutritional benefits, which include high levels of chromium, fiber, folate, magnesium, and vitamin C. Furthermore, it is fat or cholesterol free. According to Economic Research Service (ERS), United States Department of Agriculture (USDA) per person consumption of artichokes was 1.5 pounds in 2015. Moreover, cynarin is the active ingredient found in artichokes leaves, which has been used for centuries in traditional medicine as a specific gallbladder and liver remedy.
Market Outlook
Western Europe, North America, and Latin America expected to witness increasing demand for artichokes during the forecast period, owing to increasing consumption of healthy and nutritional foods. For instance, according to Foreign Agricultural Service (FAS), USDA, the net importer of artichokes is the U.S. The total import of the U.S. was valued at US$ 101,793, in 2017. Peru, Mexico, and Spain are prominent supplier of artichokes.
Key players
Key players operating in the global artichokes market include Hijos De Joaquín Rodríguez SL, Sirri Ustundag, Caprichos Del Paladar, Agro T18 Italia S.r.l. and T18 Group, Nutra Green Biotechnology Co. Ltd., Sa Marigosa, Gaia Herbs, Inc., and Hawaii Pharm LLC
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Tuesday 25 June 2019

Compressor Oil Market – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

Compressor oil is a mixture of specially formulated fluids such as base oil (extracted from crude oil in various plants) and additives. The performance of compressor oil is mostly dependent on base oil characteristics. Compressor oil is a lubricant used for proper working of metal parts and for lubrication purpose involved in variety of reciprocating and rotary gas compressors. It serves as a sealing fluid, as protective surface film to decrease friction, and for performance improvement of compressor.
Market Dynamics:-
Increasing demand for compressor oil from marine, refrigeration, and automotive industry is expected to boost growth of the compressor oil market during the forecast period. Moreover, refilling of compressor oil in end-use industries such as power generation, oil & gas, and others during maintenance period also helps to boost the compressor oil market growth.
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Among product type, the dynamic displacement compressor segment is expected to hold dominant position in the compressor oil market during the forecast period. Dynamic displacement compressors find applications in mining, food processing, petroleum refining, pulp and paper, and other industries. Compressor oils are used by these industries for in maintenance of equipment as they offer smooth functioning of equipment.
However, increasing demand for oil-free compressors is expected to adversely affect growth of the compressor oil market. Oil-free compressor offer some advantages such as, efficient operation at lower costs, retrofitting of existing systems, rising adoption of variable-speed compressors, and low maintenance costs.
Market Outlook:-
Asia Pacific holds dominant position in the compressor oil market and is the fastest growing market during the forecast period. Increasing demand for automobiles in the region is expected to boost growth of Asia Pacific compressor oil market over the forecast period. Compressor oil is used for removal of heat, for sealing, and for lubrication purposes in air condition systems in the automobile industry. Furthermore, increasing government initiatives for rapid growth of manufacturing industries is expected to support the market growth in the region.
According to Global Trade Atlas, MIIT, China Association of Automobile Manufacturers, China continues to be the world’s largest vehicle market with sales of over 28 million units in 2016, and is expected to reach 30 million units by 2020 and 35 million units by 2025.
Key Players:-
Major players operating in the global compressor oil market include, Fuchs Petrolub AG, Exxon Mobil Corporation, Total S.A., Royal Dutch Shell plc, Sinopec Limited, The Dow Chemical Company, Chevron Corporation, Lukoil, BP plc., BASF SE, Sasol Limited, Croda International plc., and others.
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Monday 17 June 2019

Portable Toilets Market Competitive Landscape and Industry Expansion Strategies By 2026

The market is projected to reach US$ 24,730 million by the end of 2027, at a CAGR of 3.5% over the forecast period, owing to the increasing number of construction sites in emerging economies such as India and China. Portable toilets on construction sites increase the workers’ productivity and are easy to relocate, according to the requirement.
According to the report published by Global Construction Perspective (GCP), China, US, and India is anticipated to contribute 57% in global construction growth, which is expected to account for US$ 4.5 trillion by 2030.
Factors such as need for increased sanitation and hygiene are fueling growth of the portable toilet market. Moreover, increasing number of international tourists in Europe is expected to increase the demand for portable toilet on streets, tourist attractions, docks, and other such public places.
According to research conducted by LIXIL in collaboration with Oxford Economics, global economic losses from poor sanitation were estimated to be US$ 223 billion in 2015, an increase of over 20 percent from five years earlier. In the same year, poor sanitation cost the Asia Pacific region was estimated to be US$ 172 billion, Latin America and the Caribbean US$ 22.2 billion, and Africa US$ 19.3 billion. Therefore, increasing awareness regarding the sanitation is expected to propel demand for portable toilet during the forecast period.
Among public places, portable toilets are also used in events on a large scale. Event organizers prefer providing portable toilet facilities as the people will stay longer at the event due to convenience and will therefore spend more time and money on the event.
Among regions, Europe is expected to witness a significant growth in case of portable toilets, as most of the construction companies in Europe have laws wherein the provision of sanitation services is a must on construction sites. This will not only increase the productivity of the workers on site, but it will also be convenient to relocate the toilet in future.
The global portable toilet market was valued at US$ 18,200 million in 2018, and is expected to register a CAGR of 3.5% in terms of revenue over the forecast period (2019 – 2027).
Europe is expected to witness a rapid growth in case of travel and tourism industry during the forecast period. As per the World Travel & Tourism Council (WTTC), in Europe, the direct contribution of Travel & Tourism to GDP was 3.6% of the total GDP and is expected to rise by 2.4% p.a. from 2018-2028. Growing tourism will increase the demand for portable toilets at public places.
North America is also expected to witness a growth in terms of construction activities, which in turn will increase the demand for portable toilets. As per the Associated General Contractors of America (AGC), the U.S. construction industry has more than 670,000 employers with over 7 million employees and creates nearly US$ 1.3 trillion worth of structures each year.
Major players operating in the global portable toilet market include NuConcepts, Satellite, Sanitech, Polyjohn Enterprises, Camco Manufacturing, Inc., and others.
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Friday 14 June 2019

Coffee Beauty Products Market - Demand, Consumption and Competitive landscape

Beauty products and personal care products (skin care, hair care, fragrances), are often infused with coffee bean extracts. Coffee beauty products are available in various forms such as creams, lotions, balms, oils, and others. Caffeine, an active ingredient present in coffee beans, has antioxidant, antimicrobial, and anti-aging effects, which are beneficial for skin, scalp, and hair. Therefore, such benefits of coffee bean extract are expected to drive growth of the coffee beauty products market during the forecast period.
Among product types, skin care segment is expected to show significant growth in the global coffee beauty products market during the forecast period, which can be attributed to growing cosmetics industry, globally. For instance, according to Cosmetic Toiletry & Perfumery Association, annual report 2017, cosmetics industry was valued at over US$ 12.30 billion in 2017, in the U.K., out of which 23.6% of the share was accounted by skin care segment.
Among distribution channels, online channel is expected to have significant share in coffee beauty products market during the forecast period, owing to increasing e-commerce business. According to India Brand Equity Foundation (IBEF), report on e-commerce published in July 2017, e-commerce market is expected to grow at a CAGR of 44.77% from 2016 – 2020, to reach US$ 63.7 billion by 2020, in India and is expected to reach US$ 188 billion by 2025.
The global coffee beauty products market was valued at US$ 520 million in 2017 and is expected to register a CAGR of 3.1% in terms of revenue, over the forecast period (2018 – 2026), to reach US$ 740 million by 2026.
Asia Pacific is expected to hold a significant market share in the global coffee beauty products market during forecast period, owing to increasing beauty and personal care industry in the emerging economies such as India. According to India Brand Equity Foundation (IBEF) report, published in January 2018, the beauty, cosmetics, and grooming market in India accounted to US$ 6.5 billion in 2017, and is expected to reach US$ 20 billion by 2025. Therefore, growing beauty products industry in Asia Pacific is expected to drive growth of the coffee beauty products market globally.
Europe is the fastest growing region and held significant share in the global coffee beauty products market in 2017, owing to growing cosmetics industry in the region. According to annual report 2016 of Cosmetics Europe, Europe is the world’s foremost producer of cosmetics and personal care products globally, accounting for US$ 87.38 billion out of the total US$ 295.05 billion in the global market in 2016, whereas the U.S. accounted for US$ 72.63 billion and China accounted for US$ 46.53 billion.
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Major players operating in the global coffee beauty products market include Procter & Gamble, Estée Lauder Inc, Avon, Caudalie, L’ORÉAL PARIS, Unilever, JAVA Skin Care, LLC, Nails inc. limited, The Nature's Bounty Co, and Bean Body Care.
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Basalt Fiber Market Future Demand, Market Analysis and Outlook to 2026

Basalt fiber is a relatively new product among fiber reinforced polymers and composites. It possesses similar chemical properties to glass fibers but have better physiochemical properties than glass fibers. It is also very cheap as compared to carbon fiber. Basalt fiber is highly resistant to alkaline, acidic, and salt attack, which makes it a good candidate for concrete, bridge and shoreline structures.
Market Dynamics:-
Basalt fiber finds major application in construction industry, as a substitute to the steel rebar and glass. Basalt fiber is lighter, stronger, and corrosion resistant than conventional steel rebar. It also possesses high chemical resistance and melting point as compared to glass. Growing construction industry is expected to drive growth of the global basalt fiber market during the forecast period. According to the World Bank, investment in global construction industry is expected to increase by US$ 93 trillion by 2030.
Current research shows that basalt fiber has similar creep and fatigue strength as compared to glass. International bodies such as American Concrete Institute are yet to acknowledge basalt fibers in their codes and provide specific design guidance. This is expected to restrain growth of the market over the forecast period.
Market Outlook:-
North America and Europe holds dominant position in the basalt fiber market, owing to use of specialty materials in aerospace and automobile industry in these regions. Basalt fibers are majorly used in automobile and aerospace industry to reduce the overall weight and increase the fuel efficiency. Asia Pacific market is expected to grow at highest rate, owing to growing construction and automobile industry. For instance, according to the International Trade Administration, Chinese automobile output is expected to increase from 28 million units in 2016 to 35 million units by 2025 with 9% year-on-year growth.
Key Players in the Global Basalt Fiber Market:-
Key players operating in the global basalt fiber market include Sudaglass Fiber Technology, Mafic SA, JEC Group, BasaltEx NV, Hebei Tong Hui Science Technology Co., Kamenny Vek, Jiangsu Green Materials Vally New Material T&D Co. Ltd., Basanite Inc., JiangSu TianLong Continuous Basalt Fibre Co. Ltd., and Vulkan Europe BV.
Key companies are focusing on adopting various organic and inorganic growth strategies, in order to enhance its production capacity. For instance, in 2017, Canada-based MAFIC SA announced that it will launch its new basalt fiber production facility in the U.S. by 2018.
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Thursday 13 June 2019

Uniform Fabric Market to Register Exponential Compound Annual Growth Rate Through 2026

Uniform is one form of clothing, which is worn on the basis of industrial characteristics & principles and also reflects the work environment. Fabric plays vital part in the designing of uniform, which is selected on the basis of industry type. For instance, uniform for military is made up of camouflage fabrics, which is produced from heavy cotton yarn. With this type of fabric, military personnel can hide themselves and their equipment from enemies.
Market Dynamics
Usages of oil and dust proof fabrics for designing uniform is major driver for the market growth. The invisible protective film is created by using fluorocarbon polymer, which makes fabric oil and dust proof. The kind of fabric is considered to be nontoxic and nonirritant. Moreover, it is eco-friendly, soft to touch, and comfortable to wear, which is propelling its demand among various end-use industries. Companies offering oil and dust proof  fabrics for designing uniform in the market includes Wujiang City Yabao Textiles Co., Ltd., Xinxiang Xinxing Special Fabric Co., Ltd, hanghai Shun Yuan Xiang Textile Pty. Ltd, and others.
The major restraining factor for growth of uniform fabric market is fluctuating price of uniform fabric due to the differentiation in appearances and material of the fabric. Furthermore, manufacturers opt for low quality uniform fabric to reduce cost of operation and earn more profit. This reduces the quality of final product, which is expected to create negative impact on the price of uniform fabric, therefore, restraining the uniform fabric market growth.
Market Outlook
Asia Pacific is anticipated to grow significantly during the forecast period due to growing textile market in this region. Emerging economies such as India, China, and Vietnam are expected to hold major revenue share in this region. According to the India’s Brand Equity Foundation (IBEF), in FY 2017-18, overall export of products by textile industry in India accounted for US$ 39.2 billion. Furthermore, as per IBEF estimations, the Indian textile market was valued at US$ 150 billion in the FY 2017-18 and is expected to reach US$ 250 billion by 2019. Therefore, growing textile industry in Asia Pacific is expected to propel growth of the uniform fabric market.
Furthermore, China and Vietnam are the major exporter of textile and apparel to the U.S. According to United States International Trade Commission, in FY 2016, China and Vietnam exported 36.8% and 10.8% of the total textile and apparel to the U.S. Thus, fueling growth of uniform fabric market.
Key players in Global Uniform Fabric Market
Key players operating in the market include Woven Fabric Company, Shengzhou HS Necktie & Garment Co., Ltd, Hebei Nhidi Import And Export Trade Co., Ltd, Nangong Zhongao Non-Woven Fabric Co., Ltd. Kataria Silk Mill, and Others.
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Wednesday 12 June 2019

Granola Market Outlook by Product Overview, Application and Regions 2026

Granola is an on-the-go breakfast snack, which is baked and consists of oats, nuts, and sweeteners such as honey or sugar. Dried fruits such as raisins and dates, are sometimes added to granola. Granola is condensed into a bar making it easy carry for hiking, short trips or other outdoor activities. It is consumed with fresh fruits such as strawberries, bananas or blueberries, and other forms of cereal. It also serves as a topping for desserts.
Market Dynamics
Various health benefits associated with consumption of granola such as weight management and its ability to maintain presence of healthy ingredients such as vitamins, minerals, and omega 3 is expected to be major factor for growth of the global granola market. There are numerous brands such as ConAgra foods, Nestlé that offer products containing high level of fibers that aids in weight maintenance and to maintain digestive health. Granola, induced with flax seeds, is helpful in improving digestion. The added health benefits and the growing demand for granola is a major driver that is expected to boost growth of the global granola market in the forecast period.
However, presence of herbicides in granola-based products is a major restraint negatively impacting growth of the global granola market. For instance, according to a study by the U.S.-based Environmental Working Group in 2018, a number of cereals, granola bars, and oat-based products contained glyphosate, which is found to be carcinogenic. These factors are expected to hamper growth of the global granola market during the forecast period.
Market Trends
Rising demand for vegan based products boosts demand for packaged snack food items such as granola bars among consumers on a large scale. Hence, manufactures are engaging in manufacturing a large variety of vegan granola bars. For instance, Nature Valley Crunchy Granola Bars and Earnest Eats Vegan Chewy Granola Bars are some vegan granola bars available in the market.
Market Outlook
By product type, the bars segment is expected to grow at the fastest rate during the forecast period. Granola bars consists of granola mixed with honey or artificial syrup, that is pressed and baked into a bar, resulting in the production of a convenient on-the-go snack. Granola bars are packaged using a sealed pouch for retaining its freshness as well as easy better handling for consumption at a later point.
Europe is expected to be the leading region in the global granola market in 2017 and is expected to continue its dominance during the forecast period (2018-2025). This is due to high demand for on-the-go breakfast products in the region. According to Coherent Market Insights, Europe was the largest market for on-the-go breakfast products with a market share of over 35% in 2016, and is expected to remain the leading region during the forecast period (2018-2025). Factors such as large working population, fast paced lifestyle, and high demand for packaged food, are expected to substantially increase demand for on-the-go breakfast products. For instance, according to the European Union, the economically active population in EU-28 was 245 Mn in 2016. These factors are expected to drive demand for granola in Europe during the forecast period.
Asia pacific is anticipated to be the fastest growing market for on the global granola market during the forecast period. The growth in the economy of the developing countries has increased the per capita income of the population which has altered their lifestyles in terms of feeding habits, which in turn has fuelled the market for granola. Moreover, due to the increasing working population in countries such as India, China and Japan, the need for convenience breakfast has surged significantly in these countries, thereby pushing the growth of this market.
Key Players
Key players operating in the global granola market are engaging in numerous organic and inorganic activities, in order to enhance their business presence in the market. For instance, MadeGood launched two new products in 2018, Soft Baked Mini Cookies and Crispy Light Granola in the market.
Some of the key players operating in the granola market are Sunnycrunch, Kellogg Corners, General Mills, Nature Valley, Kraft Foods Inc., ConAgra foods, Nestlé, Slim-Fast Food Co., Clif Bar & Coand, and others.
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Tuesday 11 June 2019

Spa Resort Market Future Demand, Market Analysis and Outlook to 2026

Spa is a spring or bath rich in minerals, known for therapeutic properties essential for relaxing the body. Spa resorts are special places providing treatments and various facilities for enhanced health and wellness. Spas provide massages, salon services, skin treatments, Ayurveda medicines, and yoga therapy, among others. Spa is often used as a medium for managing stress, treating medical problems, reducing weight, boosting immune system, and detoxifying the body. Balneotherapy or spa therapy is widely used in alternative medicine for the treatment of diseases such as arthritis.
Increasing travel and tourism activities coupled with increasing global health awareness is majorly driving growth of the spa resort market. Growing urbanization coupled with hectic work culture, is increasing prevalence of stress and stress-related diseases among the populace. This in turn, is increasing the demand for spa therapies, thus boosting growth of the market for spa resorts. High costs associated with healthcare is further expected to increase consumer inclination towards spa therapeutics, in turn, propelling growth of the spa resort market.
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In the historic era, people travelled distant places to gain the benefits of mineral water. Over the recent years, spas have been able to offer an on-site source of natural mineral, thermal or seawater for hydrotherapy treatments. The enhanced convenience of spas is gaining traction, in turn driving growth of the spa resort market. Increasing globalization has increased the accessibility to spas to most people. This in turn, is boosting growth of the spa resort market.
Major consumers are females, however, growing health consciousness is increasing the consumer base of the spa resort market. Increasing number of people are increasingly being inclined towards maintaining physical and mental health, which is majorly tended to by spas. This in turn, is expected to drive growth of the spa resort market.
Europe is a dominant region in the spa resort market and is expected to retain its dominance throughout the forecast period. Growing focus and awareness on health and beauty, increasing expenditure on luxurious self-care services such as massages and facials, along with relatively high revenue generated in the region are major factors fueling growth of the spa resort market in the region. Moreover, customized and mini treatments are driving growth of the market in this region, owing to the busy and sedentary lifestyle. The region witnesses the presence of a large number of certified nutrients and cosmetic experts in spa resorts, in turn contributing to significant growth of the market in the region. According to the European Spa Association, Europe has over 1200 medical spa and health resorts in the region. European tourism statistics stated that over the period of 2006-2015, the average stay at tourist accommodation increased by 22%.
Asia Pacific is the fastest-growing region in the spa resorts market. Emerging economies such as Malaysia, Singapore, Indonesia, and Thailand are lucrative tourist destinations for spas in the region. The presence of various regional practices such as Thai massage, Yoga, and Ayurvedic medicines in the region, are attracting several tourists, annually. In 2015, international tourist arrival in the region increased by 6%, recording 279 million from around 110 million in 2000. Number of spa resorts are expected to reach 535 million by 2030, as stated by United Nations World Tourism Organization (UNWTO). 
Key players are adopting various inorganic growth strategies such as mergers and acquisitions to strengthen their foothold in the global market. For instance, Hyatt acquired New York-based Miraval group, a wellness resort and spa company in 2017. Major players operating in the spa resorts market include Emirates palace, Four Seasons Hotel limited, Massage Envy Franchising LLC, Jade Mountain Resort, Six Senses Hotels Resorts Spas, Lanserhof Tegernsee, and Gaia Retreat & Spa. 
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Pharmaceutical Packaging Market Demand, Leading Key Players and Industry Growth by Forecast to 2026

Pharmaceutical packaging, also known as drug packaging, involves activities from pharmaceutical production to distribution to the end user, through the distribution channels. Technological advancements, rise in demand for devices of drug delivery, increasing demand for eco-friendly and reusable packaging, rapid development in healthcare services coupled with rapid urbanization especially in the emerging economies such as India, and China are some of the major factors responsible for the growth of the pharmaceutical packaging market at the global level.
However, fluctuating prices of the raw materials used for the manufacturing of pharmaceutical packaging products is one of the major factors restraining the growth of the market currently. However, the impact of this restraint is expected to remain medium throughout the forecast period.
Sale of counterfeit medicines is another major factor that is hindering the growth of the market at present. Asia Pacific accounts for a large share for the sale of counterfeit medicines. Counterfeiters use regular packaging for the sale of counterfeit medicines, which is greatly hindering the growth of the pharmaceutical packaging market in the region. However, the impact of this restraint is expected to subside by the end of the forecast period on account of rising consumer awareness about counterfeit medicines, rising media interference regarding the same and stringent actions taken up by the governing bodies. For instance, in 2017, under the new Anti-Falsification Directive in Europe, drugs that are prescribed by the doctors will have to be provided with a unique code number, which will signify that the packaging is authentic and new.
North America dominated the pharmaceutical packaging equipment market in 2016, accounting for a market share of over 40% and is expected to retain its position throughout the forecast period. U.S. is the major contributor to the growth of this market and is expected to project a strong growth during the forecast period on account of frequent product launches by the major manufacturers in the field of pharmaceutical packaging. Furthermore, large presence of major manufacturers operating in the pharmaceutical industry such as Pfizer are creating huge opportunities for the manufacturers of pharmaceutical packaging in the country, which in turn is augmenting the growth of this market in North America.
Asia Pacific market is expected to project the highest CAGR of 10.37% during the forecast period due to growing urbanization and rising demand for healthcare services. India, Australia, China, South Korea and Japan are some major economies contributing to the growth of pharmaceutical packaging market in this region.
On the basis of material, plastics and polymers segment dominated the pharmaceutical packaging market in 2016, with a revenue of US$ 34.68 billion in the same year. Availability of numerous grades for plastic, easy handling due to light weight and its property of being chemically inert are some of the major factors responsible for the large market share of this segment.
On the basis of product, plastic bottles are witnessed to lead the market throughout the forecast period.
Among the end users of pharmaceutical packaging, the pharmaceutical manufacturing segment dominated the market in 2016, and is expected to lead the market throughout the forecast period. However, contract packaging is expected to have rapid growth due to increasing number of manufacturing facilities, especially in the developing countries coupled with increasing efforts taken up by the manufacturers in order to minimize costs and maximize product development.
North America led the pharmaceutical packaging market in 2016 and is expected to retain market dominance throughout the forecast period. However, Asia Pacific is anticipated to exhibit the fastest growth in the pharmaceutical packaging market during the forecast period.
Major Players in Global Pharmaceutical Packaging Market
Major players operating in the market of pharmaceutical packaging include Amcor Limited, Berry Plastics Corporation, MeadWestvaco Corporation, Becton Dickinson and Company, Owens-Illinois Inc., West Pharmaceuticals Services Inc., Schott Pharmaceuticals Services Inc., RPC Group Plc and Graphic Packaging International Inc.
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