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The global Shipping Container Market size is expected to reach USD 15.83 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.0% from 2020 to 2028. The market is expected to be driven by maritime trade, expanding penetration of the e-commerce industry, digitization in shipping container space, and increasing demand for specialized shipping containers by the department of defense.
20’ and 40’ are the most popular sizes of shipping containers as of 2021. Although based on application shipping containers are often manufactured in a variety of sizes such as 8’, 10’, 48’, 53’, and others. Their increasing demand for transportation of a variety of goods such as food, pharmaceutical, automotive components, and agricultural products is expected to support industry growth.
Trade agreements promote trade among the nations and favorably impact the demand for shipping containers. In November 2020, members of the Association of Southeast Asian Nations (ASEAN) and five regional partners signed the Regional Comprehensive Economic Partnership (RCEP), which is one of the largest free trade agreements in the world. Moreover, recently concluded multiple trade agreements including NAFTA, EVFTA, EU–UK Trade and Cooperation Agreement (TCA), and others are likely to fuel the growth of the market.
The significant developments in commercial vessels and innovation of efficient and better cargo ships equipped with advanced technology such as navigation systems, advanced sensors, and other components are accelerating the demand for cargo transportation through ships, which is further fueling the growth of the market.
The global e-commerce industry witnessed an exponential surge in the last few years, besides, the rising penetration of smartphones and the internet, especially in developing regions is anticipated to fuel the growth of the e-commerce industry further. The growth of the transportation industry on account of growing online retails is expected to benefit the shipping containers market.
Related Press Release@ Shipping Container Market Report
Shipping Container Market Report Highlights
By product, ISO containers generated a revenue of USD 6.28 billion in 2020. Extensive adoption of ISO containers for international trade mainly accounted for a higher share of the ISO container product segment in the market
Reefer container segment is expected to register the fastest CAGR of 12.5% in terms of revenue from 2020 to 2028 owing to increasing demand for temperature-controlled transportation for shipping pharmaceutical, food, and agricultural products
Industrial transport led the application segment with a share of 56.6% by revenue in the global shipping containers market in 2020. Extensive use of shipping containers for transportation of industrial raw materials and manufactured goods such as metals, minerals, oil and gases, chemicals, ores, slags, machinery, tools, etc. attributed to the high share of the industrial transport segment in 2020
The Asia Pacific region dominated the market with more than 68.1% share of the global revenue in 2020. Presence of countries such as China and India having a large manufacturing base coupled with robust agricultural exports mainly contributed to the high share of Asia Pacific in the global market
The market is highly fragmented with the presence of large- and medium-sized international companies as well as small-sized domestic players
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sara James
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The global Xylitol Market size is expected to reach USD 738.10 million by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period. The product demand has been growing rapidly owing to the high demand for natural ingredients in the food industry. Furthermore, the use of xylitol in dietary supplement products, such as gummies, has also been one of the key driving factors contributing to the growth of the market. Xylitol is a low-calorie sugar with a low glycemic index as compared to table sugar. It is widely used as a sweetener in the food industry, mainly in chewing gums, mints, and candies. The product consumption has been linked to several positive health effects, including a reduction in tooth decay, prevention of ear infection, enhanced bone density, weight loss, blood sugar stabilization, etc.
It shows a varied range of applications in the food, pharmaceutical, and nutraceutical industries. Sugar-free chocolates, chewing gums, hard candies, wafer fillings, pastilles, and other diabetic sweets are produced using xylitol as the key sugar substitutes. It also enhances the flavor, color, and shelf life of food products. Chewing gums that contain xylitol are well known for their therapeutic purposes. The addition of xylitol to cough syrups, tonics, and vitamin preparations results in nonfermentable products. It is added to diets as a beneficial health supplement for diabetic patients, due to its non-cariogenic and non-fermentable properties.
Asia Pacific accounted for the largest revenue share of the global market in 2020. China is among the leading producers as well as consumers across the globe. The majority of the product is produced in China followed by Europe and the U.S. The increasing product usage in the formulation of various dietary supplements from the nutraceutical industry is accelerating the growth of the market. Most of the players operating in this market are export-oriented and focus on building a global distribution network to meet the increasing demand in various end-use industries across the world.
Related Press Release@ Xylitol Market Report
Xylitol Market Report Highlights
The powder form segment accounted for the largest revenue share of over 90% of the global market in 2020 and will expand further at a steady CAGR from 2020 to 20208
The easy application and availability of xylitol in the powder form are contributing to the segment growth
Oral care is expected to be the fastest-growing application segment over the forecast period
Xylitol prevents tooth decay and improves the flavor of tooth care products, such as toothpaste, mouthwash, and mouth fresheners
Asia Pacific is estimated to be the largest regional market by 2028. China is the largest production cluster and has a high product demand and usage in various applications, such as nutraceutical and chewing gum manufacturing
Europe, on the other hand, is expected to register the fastest CAGR from 2020 to 2028
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sara James
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The global Aluminum Die Casting Market size is expected to reach USD 35.64 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.1% from 2021 to 2028. Some of the key industries in this market include Alcast Technologies, BUVO Castings, Chongqing CHAL Precision Aluminium Co., Ltd., Consolidated Metco, Inc. The growth of the telecommunication sector, coupled with the increasing demand for lightweight materials from the automotive and aerospace industries, is expected to propel the market growth in the coming years.
Die casting is a process performed by forcing molten aluminum into a steel die (mold) under pressure. Based on production process, the market is segregated into pressure die casting and other processes. Pressure die casting is further segmented into high and low, where the former constitutes a larger share owing to its higher production rates. On average, European vehicles consist of 80-100 kilograms of high pressure die casting (HPDC) components. Other types of die casting include vacuum and squeeze, which find use in applications, such as solar sensors and turbine blades.
Aluminum die casting components are extensively used in numerous industries, including transportation, industrial, building and construction, telecommunication, consumer durables, and energy. The transportation industry is anticipated to maintain its lead over the forecast period as it is the key consumer of aluminum die casting. Aluminum die-cast parts are used in general road and sports road transportation, heavy vehicles, and aerospace sectors.
Asia Pacific is anticipated to register the fastest growth rate over the forecast period. Progress in manufacturing activities in developing economies of the region is propelling product demand. For instance, in September 2020, Hyundai Motor began production at its second plant in Vietnam, which is expected to increase the production capacity by 140%.
Rising product demand has led to increased competitive rivalry in the market. Major market players are set to gain a competitive edge and recover their losses from the previous year owing to the pandemic, through means of strategic initiatives such as mergers & acquisitions and increasing production capacities.
Related Press Release@ Aluminum Die Casting Market Report
Aluminum Die Casting Market Report Highlights
Based on application, telecommunication is expected to register the highest CAGR of 6.8% in terms of revenue over the forecast period owing to increasing technological advancements and rising investments in the sector
In the pressure die casting production process segment, HPDC held the largest revenue share in 2020 and is anticipated to maintain its lead over the forecast period. This can be attributed to the high preference for HPDC among casting manufacturers owing to the high efficiency of the process
Asia Pacific held the largest revenue share of over 45.0% in 2020 on account of the increasing investments in developing economies pertaining to capacity expansions, especially in the transportation industry
In North America, the U.S. accounted for a revenue share of over 64.0% in 2020. Rising construction spending, coupled with EV production in the country, is expected to prove fruitful for the market growth during the coming years
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The Europe MDI-Based PU Technical Insulation Market size is expected to reach USD 462.9 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.1% from 2021 to 2028. This can be attributed to the growing emphasis on energy conservation in the industrial manufacturing sector, to improve process efficiency and reduce carbon footprint in the key economies in Europe.
Supply chain management is one of the crucial parts of the insulation market. The supply chain elements including raw material suppliers, insulation product manufacturers, installers, contractors, distributors altogether favor the market prospect. A significant number of manufacturers and service providers and easy installation processes have resulted in high market competition.
The availability of MDI is expected to be limited for manufacturing PU technical insulation, owing to its widespread usage in other applications. MDI is being extensively used in the sports footwear industry for advanced gear. In addition, is also used at high temperatures for making polyisocyanurate, which is used for making rigid thermal insulation in the power generation industry This, in turn, is expected to result in increased prices of MDI over the forecast period.
The market is competitive due to the availability of raw materials, leading to a significant presence of national and multinational players. Sustainable innovation, market positioning, and competitive pricing are major target areas for the manufacturers. The key market players maintain strategic relationships with their suppliers, distributors, and end-users to maintain their demand-supply capabilities.
Related Press Release@ Europe MDI-based PU Technical Insulation Market Report
Europe MDI-based PU Technical Insulation Market Report Highlights
The discontinuous panels segment is expected to witness the fastest revenue-based CAGR of 3.6% from 2021 to 2028, on account of superior thermal conductivity of polyurethane thereby supporting the product demand in paneling applications
The growing importance of sound barriers in a work environment in light of reducing noise levels is likely to support the product demand for acoustic application in commercial constructions and is expected to reach USD 102.3 million by 2028
The energy segment accounted for 57.7 kilotons in terms of volume share in 2020, owing to high demand for insulating materials to maintain the operating temperatures to avoid mishaps
Germany dominated the market in 2020 with a share of 19.4% in terms of volume and the trend is expected to continue over the forecast period, owing to high product demand from the automotive sector due to enhanced production capabilities of the players
Key players are investing in research and development activities and launching new products to enhance customer productivity, thereby attaining business growth in the market
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sara James
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The global Vials And Ampoules Market size is anticipated to reach USD 13.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.5% from 2021 to 2028. Schott AG, Gerresheimer AG, SGD SA, Nuova Ompi SRL (Stevanato Group) and NIPRO Corporation are some of the key industry participants. The market is predominantly driven by the rapid growth in the pharmaceutical industry mainly in emerging markets such as India and China. In addition, the COVID-19 pandemic has created a huge demand for vials and ampoules globally. The production of the COVID-19-vaccine at a large scale in various nations across the globe has significantly impacted the market scenario.
Companies such as Pfizer, Serum Institute of India, among other several biotechnology and pharmaceutical manufacturing companies are consistently doing R&D and developing vaccines with greater efficiency against coronavirus. The government of various nations has aimed to vaccinate the majority of their country’s population by the end of 2021. Thus, vials and ampoules manufacturers are ramping up their production capacity multi-folds. India is among the top worst hit nations in the world. Moreover, the government of India is aiming to vaccinate the majority of the 137 crores Indian population by the end of 2021. This, further accelerate the demand for vials in India.
Various vials and ampoule manufacturing companies such as Schott Kaisha and Gerresheimer India are scaling up their capacity in India. For instance, Gerresheimer India is planning to increase its capacity by 30.0%. Companies are developing hybrid plastic and glass vials and ampoules with increased durability and low cost. Such innovations by the market players are expected further increase their product demand in the global market.
Related Press Release@ Vials And Ampoules Market Report
Vials And Ampoules Market Report Highlights
The glass material segment contributed to a revenue share of 77.5% in 2020. Glass is the most extensively used packaging material in the pharmaceutical industry owing to its properties such as non-reactive, non-corrosive, reusable, and recyclable properties
The plastic segment is anticipated to grow well during the forecast period 2021 - 2028. Plastic vials are cost-effective, durable, and lightweight. Moreover, plastic gives design flexibility. Such factors are increasing the demand for plastic material in the manufacturing of vials and ampoules
India is the second-largest market for ampoules and vials in terms of value in Asia Pacific. This is due to the huge production of generic medicines in India. India is the largest supplier of generic pharmaceutical products in the world. Moreover, the recent outbreak has increased the demand for vials and ampoules in India
Pharmaceutical companies such as Serum Institute of India and Bharat Biotech have developed the COVID-19 vaccines i.e., Covishield and Covaxin. The production of these vaccines is on large scale, which further requires a huge number of vials. Thus, India is one of the major markets for vials and ampoules in recent times
Among the product segment, the ampoules segment accounted for a majority of the revenue share in 2020. Ampoules are low-cost compared to vials. In the pharmaceutical industries and hospitals, doctors normally give 1ml to 3ml of vaccines to a patient which mainly comes in the ampoules format
The key market players are utilizing their full capacity and rapidly increasing their production capacities due to the increasing demand for vials and ampoules in the manufacturing of COVID-19 vaccines. For instance, in November 2020, Schott Kaisha announced an investment of around USD 14 million in its existing production facility to increase the vials production capacity by 300 million pieces
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sara James
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The U.S. Air Quality Analyzers Market size is expected to reach USD 2.23 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.3% from 2020 to 2028. Siemens, TSI, Emerson Electric Co. and Aeroqual are some of the key industry participants. The U.S. market for air quality analyzers is primarily driven by the increasing awareness pertaining to the monitoring of air quality in indoor spaces.
Proper maintenance of indoor air quality in schools and offices is essential for the comfort and health of students and employees. Ill-effects caused by poor indoor air quality such as fatigue, headache, and irritation to the eyes, throat, lungs, and nose, contributed to the rising demand for monitoring air quality, in turn, complementing the market growth.
The COVID-19 pandemic has increased the demand for the early detection of biological contaminants such as viruses, bacteria, and house dust in the air, thereby fueling the growth of the U.S. market for air quality analyzers. Increasing pollution and rising awareness among the masses about the importance of indoor air quality are expected to drive the market.
Manufacturers of air quality analyzers are focusing on launching innovative products using advanced technology to measure air quality in various applications. For instance, in June 2020, Siemens launched a real-time air quality monitoring system that measures pollutants, humidity, and temperature.
Related Press Release@ U.S. Air Quality Analyzers Market Report
U.S. Air Quality Analyzers Market Report Highlights
By product, portable indoor analyzers are expected to witness the fastest growth from 2020 to 2028 as these analyzers are easier to maintain and repair as compared to fixed analyzers
In terms of pollutant type, the biological segment is expected to expand at the fastest CAGR of 6.5% over the forecast period as these pollutants can cause allergies, influenza, watery eyes, and cough due to which demand for air quality analyzers is rising to monitor air quality
The commercial application segment led the market and accounted for 43.0% share of the U.S. revenue in 2020 owing to the rising worker safety in the commercial sector as the pollutants in indoor settings can cause illness and allergic reactions
The manufacturers of air quality analyzers are focusing on launching new products in North America. In January 2021, TSI launched a new air quality monitor named Q-Trak XP Indoor Air Quality, which is available only in North America
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sara James
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The North America Ceramic Tiles Market size is expected to reach USD 30.67 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.3% from 2020 to 2028. The availability of ceramic tiles in a wide range of products including porcelain, glazed, and scratch-free ceramic tiles, coupled with their superior properties including durability, rigidity, and abrasion resistance, is expected to propel the product demand over the forecast period.
Ceramic tiles are increasingly being used in the construction industry and are a very common choice for kitchen and bathroom flooring and wall applications. The growing demand for ceramic tiles in this industry rises from the need to address current construction problems as well as future innovative structural designs.
Stringent environment regulations have led to an increase in R&D activities towards the development of eco-friendly ceramic tiles, which are expected to increase the market penetration of market players in the near future. Furthermore, the use of eco-friendly ink for digital printing on the tile surface is expected to aid manufacturers.
Key players in the market are focusing on achieving optimal operational costs, enhancing product quality, maximizing production output, and acquisition of small players in order to sustain themselves in the competitive market. Moreover, high investments in R&D for innovating ceramic-based flooring products, including investments in digital printing, are considered by the players to compete in the market space.
Related Press Release@ North America Ceramic Tiles Market Report
North America Ceramic Tiles Market Report Highlights
By product, porcelain tiles dominated the market with a revenue share of 50.7% in 2020 owing to properties including superior durability and chemical, stain, mold, and bacteria resistance
The glazed ceramic tiles product segment is expected to register a revenue-based CAGR of 4.8% over the forecast period owing to the increasing use in kitchen applications. The protective coating on the glazed ceramic tiles provides protection against staining and bacteria, which are ideal for use in the kitchen
Based on application, floor tiles accounted for the largest revenue share of 59.4% in 2020 owing to the superior durability and excellent strength exhibited by the tiles. In addition, these tiles are resistant to corrosion and scratch, thereby propelling their demand across outdoor spaces, such as parking lots and pavements
The product demand in Mexico is expected to be driven by increasing investments in the commercial applications primarily due to the growing emphasis of the government on developing new and modern infrastructure with an aim to attract industries as well as boost tourism
Prominent players operating in the market such as Roca Tile USA; Corssville Inc.; and Marazzi are aiming to adopt sustainable solutions including green tiles and recycled tile from waste production
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