Tennis Equipment Market Segmented On The Basis Of Product, Distribution Channel, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 29 Sep 2022: The Report Tennis Equipment Market Size, Share & Trends Analysis Report By Product (Shoes, Apparel, Racquets, Ball, Strings, Bags, Accessories), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2022 – 2030

The global tennis equipment market size is expected to reach USD 4.59 billion by 2030, registering a CAGR of 2.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing awareness regarding health and fitness has increased the inclination toward physical activities and sports, thus positively influencing the growth of the market. Furthermore, continuous innovation and new product launches in sports equipment, such as lightweight racquets, will influence the growth of this market. To target more consumers, manufacturers are also offering customizable options for rapidly changing preferences. For instance, the International Tennis Federation (ITF) outlines the specifications for tennis racquets. As a result, it becomes challenging for local manufacturers to produce tennis racquets as per the customer’s choice.

The market is growing substantially as people are increasingly attracted to products that enhance physical mobility and are known for their sweat-wicking property and breathability. According to the data released by the American Academy of Sports Medicine, more than 30 million tennis players in the United States benefitted in terms of aerobic fitness, lowering cholesterol levels, and improving bone health. In addition, tennis is gaining popularity among the global population, especially due to tournaments such as Grand Slam and popular tennis players such as Federer, Nadal, and Pete Sampras. Also, unlike in many other sports, women, and men fairly enjoy equal rights in tennis. According to the data published by the International Tennis Federation (ITF) 2019, women accounted for more than 46% of the global tennis population. Therefore, the increase in tennis penetration is encouraging people, especially women, to participate in tennis. This factor ultimately increases the demand for tennis equipment over the forecast period.

The growing global demand for eco-friendly tennis products and aggressive marketing strategies by manufacturers including celebrity endorsement to promote various tennis equipment globally are expected to drive the global market over the forecast period. Tennis equipment companies are also investing in the development of environmentally friendly tennis training equipment. For instance, recently, in April 2022, in celebration of Earth Day, Wilson Sporting Goods launched a line of Earth Day tennis racquets. This eco-friendly collection consists of three high-performance racquets and features bio-based and recycled materials using Arkema’s Agiplast technology and water-based paint; ultimately reducing the footprint of each racquet produced.

The coronavirus outbreak had negatively impacted the global industry as lockdowns and restrictions on occupancy in customer stores led to lower sales. Major sporting events such as the Olympics, which were scheduled in 2020, have been postponed or canceled. Sports academies and clubs were closed due to government regulations. In addition, schools and colleges in most countries were closed, limiting physical activity at these institutions. As a result, the lockdown rules have had a severe impact on the sports industry. Closures of sports retail stores and restrictions on sales of non-essential items have also negatively impacted the market.

The shoe product segment held the largest revenue share of over 30.0% in 2021. The growth in popularity and increasing participation of the children and elderly population in tennis are some factors expected to fuel the growth of tennis shoes. In addition, the introduction of smart technologies in footwear, along with high adoption and demand for hard court tennis shoes, is expected to present new opportunities for the market over the forecast period.

The online distribution channel is expected to register a lucrative CAGR of 3.5% from 2022 to 2030. This is due to the increasing use of online platforms and mobile shopping apps among customers due to simplicity and convenience. Easy availability of products in economic rates via online channels compared to offline is another factor fueling the segment growth. In addition, major manufacturers such as Wilson Sporting Goods are increasingly offering products via their websites and/or on e-commerce platforms. Thus, the growth of this segment is observed to be more.

Europe captured the second-largest revenue share in 2021. As per the Global Tennis Report published by the International Tennis Federation, more than 30% of tennis players in Europe were in 2019. In addition, Europe has more than 50% of the total number of tennis clubs in the world, the highest among all continents. People across Europe are highly inclined to participate in different sports and recreational activities owing to rising health awareness, which is expected to drive the sales of tennis equipment. In developed European countries such as Germany, tennis is also gaining popularity as a fitness-improving sport, which has greatly boosted the demand for tennis equipment across the region. In addition, favorable government support for different sports is a major factor driving the market in Europe.

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Tennis Equipment Market Report Highlights

• North America captured the largest revenue share of over 30.0% in 2021. This is attributed to the increase in the number of tennis events and promotional events. In addition, an increasing number of amateur tennis players is expected to promote the demand for tennis equipment over the forecast period
• By product, the racquets segment is expected to exhibit a lucrative CAGR of 2.7% from 2022 to 2030. A shift from casual participation to core participation in tennis has increased the demand for tennis racquets. In addition, the rising number of tennis training facilities is expected to drive tennis racquets sales over the forecast period
• The offline distribution channel held the largest revenue share of more than 75.0% in 2021. Offline channels enable physical verification of quality and authenticity. Consumers perceive offline channels as more trusty. Additionally, the majority of the retailers sell products via offline channels with the widespread availability and well-established distribution network

List of Key Players in the Tennis Equipment Market

• YONEX Co., Ltd.
• Wilson Sporting Goods
• Nike, Inc.
• Adidas AG
• BABOLAT VS S.A.
• Solinco Inc.
• Amer Sports
• Head N.V.
• Dunlop Sports
• Technifibre
• ASICS Corporation
• Geau Sport
• Prince Tennis
• Volkltennis
• Ame & Lulu

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U.S. And Canada Travel Market Outlook On The Basis Of Type, Age Group, Country And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 29 Sep 2022: The Report U.S. And Canada Travel Market Size, Share & Trends Analysis Report By Type (Luxury, Budget Travel, Business Travel, Cruise), By Age Group (Millennial, Generation X), And Segment Forecasts, 2022 – 2030

The U.S. and Canada travel market size is expected to reach USD 2.29 billion by 2030, registering a CAGR of 10.3% over the forecast period, according to a new report by Grand View Research, Inc. Increased spending by travelers across the U.S. and Canada to visit unexplored destinations and gain new experiences is driving the market. In addition, the growing trend of micro trips and the rapidly expanding tourism sector across the two countries have been boosting the market growth. Personalized services, reliable transport, exclusivity, and positive & professional interaction with staff are what set the benchmark for travel.

Traveling around the world is being greatly influenced by favorable factors, such as the growing political stability, improving attitudes toward gender, ethnicity, sexual orientation, and race, and more accommodating visa regulations. Travelers are looking to create their own unique experiences through flexible itineraries that combine entertainment as well as relaxation. There has been an increasing popularity of value-driven trips that offer money’s worth and brands that are based on price and convenience, especially among millennial and younger travelers. However, travel has been one of the first and hardest-hit industries since the COVID-19 pandemic.

Strict lockdowns and shelter-at-home orders in most parts of the world have adversely impacted the travel industry and the assorted ecosystems that rely on it. The luxury travel segment accounted for the largest share in 2021. An increase in disposable spending by consumers in the U.S. and Canada is the key factor driving the segment growth. According to a report published by TripAdvisor in May 2021, high-income millennials in the U.S. were the key spenders on luxury trips and a majority of them took purpose-driven travels, mainly for self-care and relaxation. Such trends are likely to bode well for the growth of this segment.

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U.S. And Canada Travel Market Report Highlights

• S. emerged as the largest market in the year 2021. This trend is expected to continue over the forecast period as Americans are gradually resuming international travel
• The budget travel segment is likely to exhibit the fastest CAGR over the forecast period
• The penetration of budget-friendly travel trends among consumers across the U.S. and Canada is likely to complement the segment growth
• The millennial age group segment accounted for the largest share of the overall revenue in 2021
• Value-driven trips and brands that are built on affordability and convenience are becoming increasingly popular, especially among millennial and younger travelers, which is supporting the segment growth

List of Key Players in the U.S. And Canada Travel Market

• Expedia, Inc.
• Booking Holdings Inc.
• American Express Global Business Travel (GBT)
• TCS World Travel
• Abercrombie & Kent USA, LLC
• Exodus Travels Limited
• BCD Travel, Intrepid Travel
• Topdeck Travel Ltd.
• Trafalgar

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North America Steel Rebar Market Segment Analysis By Application, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 29 Sep 2022: The Report North America Steel Rebar Market Size, Share & Trends Analysis Report By Application (Construction, Infrastructure, Industrial), By Region (U.S., Canada, Mexico), And Segment Forecasts, 2022 – 2030

The North America steel rebar market size is expected to reach USD 13.99 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% over the forecast period. Rising investments in construction and infrastructure development projects are anticipated to contribute to the market growth over the forecast period. Various infrastructure development projects dedicated to boosting economic growth in North America are projected to augment the demand for steel rebar in the region over the forecast period. For instance, in May 2022, the Mexican government announced the allocation of USD 30.0 billion for infrastructure development in southeast Mexico.

The investment is expected to help in the development of airports, railways, ports, and the modernization of customs offices in southeast Mexico. In addition, investments in industrial units are expected to further boost the market growth in the region over the coming years. For instance, in June 2022, the U.S. Department of Defense (DoD) signed a contract worth USD 173.0 million with Lynas Rare Earths Ltd. to develop a rare earth refinery in Texas. This refinery is expected to manufacture dysprosium and terbium.The U.S. held the largest revenue share in 2021 and rising investments for the revival of public infrastructures are expected to fuel the product demand over the forecast period.

For instance, under the Infrastructure Investment & Jobs Act, USD 110.0 billion is allocated for rebuilding bridges and roads. In addition, the government is planning to invest USD 25.0 billion in airports and USD 17.00 billion in waterways & port infrastructure.The market is competitive due to the presence of numerous players. Theseplayers indulge in mergers and acquisitions to stay competitive. For instance, in January 2022, Knight’s Companies completed the acquisition of Sovereign Steel, a rebar and steel rebar fabricator. This acquisition is anticipated to help Knight Companies to provide additional product lines to its customer and also, to participate in the forthcoming infrastructure projects.

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North America Steel Rebar Market Report Highlights

• The construction segment accounted for the largest revenue share in 2021 and this trend is expected to continue over the forecast period due to the rising construction activities
• For instance, according to the U.S. Census Bureau, in March 2022, the number of housing unit permits issued in Arizona, U.S. was 6,772.13 while this number was 4,930.57 in March 2021
• Based on country, the U.S. accounted for the largest revenue share in 2021. Rising infrastructure rebuilding projects and construction activities are anticipated to fuel the product consumption
• Increasing investments in the construction and infrastructure industries have forced steel rebar manufacturers to expand their manufacturing capacity
• For instance, in April 2022, Nucor announced to invest USD 350 million in the new steel rebar micro mill located in North Carolina, U.S.
• Fiber-reinforced Polymer rebars (FRP) actas a substitute for steel rebars owing to their lightweight, high-strength, high corrosion resistance, and thermal resistance
• Steel rebars are being replaced with FRPs as they are corrosive and it impacts the life expectancy of reinforced concrete structures

List of Key Players of North America Steel Rebar Market

• Gerdau S.A.
• CMC Steel
• Steel Dynamics, Inc.
• Schnitzer Steel Industries, Inc.
• Acerinox S.A.
• EVRAZ North America, Inc.
• Pacific Steel Group
• ArcelorMittal
• Nucor
• Ternium

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Wax Market In-Depth Research On Basis Of Product Type, Application, Region And Forecast To 2030 : Grand View Research Inc.

In general, wax is a solid substance that ignites easily and contains carbon. It turns into a liquid when heated above room temperature. Wax is widely used in making candles.  The wax melts, evaporates, and ignites when a candle is lit, generating heat and light.

Candles can be made from a wide variety of wax kinds. Beeswax has remained the popular choice, while petroleum- and coconut-based waxes are more recent innovations. The characteristics of each variety of wax vary, making some superior at retaining and transmitting aroma whereas others excel at burning gradually and producing smokeless flame.

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Recent Developments And Trends In The Candle Wax Market

• Candles are generally classified as home accessories and décor in the Home Decoration and Home Textiles (HDHT) sector. Candles are of three different kinds, viz., basic Candles: A diameter of 2.2 cm, which commonly suits conventional candle holders; fancy ones: decorative candles with unique shapes; scented Candles: the ones infused with essential oils and transmit modest scents when lit
• According to a recent Grand View Research, Inc. report, the global wax market was valued at USD 9.8 billion in 2021 and is projected to expand at a CAGR of 4.3% from 2022 to 2030
• Wax demand is predominantly driven by its superior properties such as good water repellency, high gloss, and outstanding chemical resistance
• Was has widespread applications in the coating, printing, and ink industries. It is an additive to inks comprising letterpress, gravure, lithographic, and flexographic
• The use of wax in candles accounted for the maximum revenue share of 31.5% in 2021. The use of candles for aromatherapy has gained massive traction in the past few years and has become a household essential
• Demand for organic candles in the past few years has bolstered the demand for natural wax. Natural wax reduces carbon blackening, thus, moderating the carbon footprint
• The votive-type candles captured over 25% of the market share in 2021 and are available in a variety of colors. They are usually placed in a glass jar to boost the aesthetic appeal
• Pillar candles are likely to experience the fastest growth rate by 2030 as a result of their increasing adoption as a home décor element. Furthermore, they are smokeless and have long burning hours
• Paraffin wax is the most widely used wax to make candles, attributed to moldability and low cost
• Soy wax is anticipated to register the fastest growth rate as there is an increasing demand for using environmentally sustainable products to reduce the global carbon footprint
• Online sales of candles are expected to see the highest CAGR by 2030 as a result of the boom of e-commerce platforms and an increasing number of millennials shopping on these online stores. Prominent brands such as Louis Vuitton and Yankee prioritize product sales via online channels
• North America dominated the market, accounting for over 30% of the revenue share in 2018, and is attributed to the rising product demand for festive seasons such as Christmas and Easter
• A variety of SA or BSCI-based methods of social compliance are quickly becoming the norm, and candles are frequently created in a factory setting. In the more homemade sector, candles have long been a well-liked fairtrade commodity. In this industry, WFTO accreditation is well-known
• Some of the key players include Better Homes and Garden, Bridgewater Candles, Colonial Candle, Diptyque, Malin + Goetz, Jo Malone, NEST, Thymes, Circle E Candles, Village Candles, Bath & Body Works, Slatkin & Co, Yankee Candles, and White Barn Candles
• In March 2021, Supplies for Candles LTD, a Yorkshire-based company, contributed £2.5 million toward the acquisition of Glassprint Ltd., specialized in printing on glassware such as candle glasses and perfume bottles
• In February 2021, the largest home fragrance company in the world, Yankee Candle®, announced the launch of its new Signature Collection. The new line gives Yankee Candle’s style hand-illustrated labels and the fresh life of tumbler candles that show the aroma notes in each scent

List of Key Players of Wax Market

• Sinopec Corp
• China National Petroleum Corporation
• HollyFrontier Corporation
• BP P.L.C
• Nippon Seiro Co., Ltd
• Baker Hughes Company
• Exxon Mobil Corporation
• Sasol Limited
• The International Group, Inc.
• Evonik Industries AG
• BASF SE
• Dow
• Honeywell International Inc.
• Royal Dutch Shell P.L.C
• Mitsui Chemicals, Inc.

In Conclusion:

Companies sell candles made from different types of wax, making it easy for you to choose the perfect candle for your needs. Whether you favor the scent strength of the eco-style of rapeseed and soy waxes or mineral wax candles, you can explore thousands of options in the market. The candle wax industry is booming and is set to see brighter days ahead. Get consciously cozy and add that extra comfort to your life by buying the right candles for your home.

Heparin Market Segmented On The Basis Of Type, Routes Of Administration, Application, End-Use, Source, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 28 Sep 2022: The Report Heparin Market Size, Share & Trends Analysis Report By Type (Low Molecular Weight Heparin, Unfractionated Heparin), By Route Of Administration, By Application, By End-use, By Source, By Region, And Segment Forecasts, 2022 – 2030

The global heparin market size is expected to reach USD 9.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.4% from 2022 to 2030. The increasing geriatric population and heightened demand for transfusions are key factors propelling the market growth. Moreover, the outbreak of COVID-19 has further propelled the market growth. For instance, as per The Lancet Journal in 2022, the demand for heparin exacerbated attributable to its use in COVID-19 patients for thromboprophylaxis.

Increasing demand for blood components, transfusion, and plasma derivatives in the treatment of infectious diseases is expected to drive the market. For instance, according to American Red Cross in 2022, around 16 million blood components are transfused each year in the U.S. Furthermore, the surge in the number of surgeries that were delayed due to the COVID-19 pandemic has further escalated the demand for heparin for blood-clot prevention.

The growing geriatric population is estimated to fuel the market growth. According to United Nations, it was estimated that, in 2020, there were around 727 million people with ages above 60 years worldwide. In addition, the percentage share of the aged population above 65 years is estimated to increase from 9.3% in 2020 to 16% in 2050. The geriatric population has a higher rate of complex surgeries and thus is anticipated to propel the demand for heparin as an anticoagulant, as this population has a significantly higher rate of developing blood clots and related conditions such as deep vein thrombosis.

The growing number of surgeries is a key factor accelerating the demand for whole blood and transfusions. For instance, the annual number of major surgeries performed globally has reached 310 million, 40 to 50 million surgeries performed in the U.S., and around 20 million were performed in Europe in 2020. These surgeries are projected to escalate the demand for heparin.

The competitive rivalry in the marketplace is expected to be moderate due to changing dynamics towards oral anticoagulants. The involvement of players in discovering novel routes of administration for anticoagulants such as heparin is expected to change the market scenario over the forecast period. The rising number of players offering generics also increases competitive rivalry.

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Heparin Market Report Highlights

• The Low Molecular Weight Heparin (LMWH) segment held the largest revenue share in 2021 owing to its high prescription rate and demand
• The subcutaneous route of administration segment held the largest revenue share in 2021 owing to its cost-effective nature and easier procedure for administration
• The coronary artery disease segment dominated the market in 2021 owing to the rising incidence of coronary artery disease and increased use of heparin injection in hospitalized patients
• The outpatient segment is expected to hold the largest revenue share in 2021 owing to the initiatives undertaken by hospitals for outpatient services and the increased preference of patients for outpatient treatment
• Porcine-derived heparin is expected to dominate the market due to its use in the production of low molecular weight heparin
• Asia Pacific is expected to exhibit the fastest growth over the forecast period due to the growing establishment of healthcare, and a large population base

List of Key Players in the Heparin Market

• Pfizer Inc.
• LEO Pharma A/S
• Reddy’s Laboratories Ltd.
• GlaxoSmithKline plc
• Sanofi
• Aspen Holdings
• Fresenius SE & Co. KGaA
• Braun Medical, Inc.
• Sandoz (Novartis AG)

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Rugby Apparel Market Focusing On The Basis Of Type, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 28 Sep 2022: The Report Rugby Apparel Market Size, Share & Trends Analysis Report By Type (Upper Wear, Bottom Wear, Socks), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2022 – 2030

The global rugby apparel market size is estimated to reach USD 2.44 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 11.5% from 2022 to 2030. The growing significance and fame of rugby in developed and developing nations are expected to drive the market over the forecast period. The demand for innovative and new clothes has been rising among the rugby players which is further estimated to propel the market expansion in the coming years. Moreover, the increase in participation of females in rugby is expected to drive the overall growth of the market in the forecast period.

The growing number of rugby players across the globe due to increasing interest of the population towards the sport is anticipated to drive the growth of the market over the forecast period. Professional players, as well as participants who play rugby for leisure, are included in this population. Due to the increase in this population, the demand for rugby apparel is increasing thus driving the market growth. The presence of limited or confined commercial exposure for products coupled with the fact rugby is a niche game and not a mainstream game are the key factors expected to hamper the growth of the market. However, growing innovation in apparel sector along with rising investment in the sport are expected to create lucrative opportunities for the growth of the market over the forecast period.

The COVID-19 pandemic had a significant negative impact on the market. Due to the shutdown of apparel manufacturing industries and disruption of supply chains and distribution channels, rugby apparels were on hold for a particular period, thus negatively impacting the market. In addition, due to various government guidelines and restrictions, all the sports events were canceled across the globe to stop the surge in COVID cases. However, the purchase of such products has been resumed with the upliftment of these guidelines and the sports events have also resumed. Hence the market is expected to grow significantly in the coming years.

The upper wear segment contributed to the global market share of over 50% in 2021. High use and adoption of rugby apparel by players including jerseys, shirts, and others as they can be worn in any situation and are comfortable are contributing to the growth of the segment. Moreover, features such as aerodynamics along with better sweat management properties and increasing demand for rugby apparel that provides high-performance are fueling the growth of the segment.

Europe accounted for the largest market share of more than 40% in 2021.The presence of high popularity of rugby in major European nations coupled with a huge rate of participation in the sport in the region is contributing to the high share. Moreover, the growing number of female professionals playing rugby is further contributing to the regional growth. In addition, a high number of major players operating in the market are present in the region further propelling the regional growth.

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Rugby Apparel Market Report Highlights

• In Asia Pacific, the market is expected to witness a significant CAGR of 11.5% from 2022 to 2030. The growth of the market is contributed to the growing fan base which includes new and young fans in nations including China, Japan, and India
• In North America, the market is expected to witness a considerable CAGR of 11.2% over the forecast period. This can be attributed to the growing number of international and national events in the region coupled with the increasing focus of players ranging from under-14 to seniors on rugby over other games
• The bottom wear segment is expected to witness a considerable CAGR of 11.3% over the forecast period. Factors such as more mobility and agility as well as comparatively less stretchy and durability is attributed to the segment growth. In addition, bottom wear provides better breathability and keeps the players cool which is increasing their usage thus driving the growth of the segment

List of Key Players of Rugby Apparel Market

• Adidas AG 
• BADGER RUGBY LTD.
• Nike Inc.
• Canterbury 
• Decathlon SA
• Gilburt Rugby
• KOOGA 
• MACRON SPA
• Olympus Rugby
• O’Neills Irish International Sports Co. Ltd.

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Medical Injection Molded Plastics Market Outlook On The Basis Of Product, Application, Region And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 28 Sep 2022: The Report Medical Injection Molded Plastics Market Size, Share & Trends Analysis Report By Product (Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS)), By Application, By Region, And Segment Forecasts, 2022 – 2030

The global medical injection molded plastics market size is expected to reach USD 37.61 billion by 2030, according to a new study by Grand View Research, Inc. It is expected to expand at a CAGR of 4.9% from 2022 to 2030. Medical injection molded plastics have played a significant role in revolutionizing the healthcare sector. With the improvements in the healthcare industry, medical injection molded plastic has shown to be one of the few adaptable materials that have been able to keep up with the industry’s changing needs. Injection molded plastics have been employed in a variety of applications including disposable plastic syringes, blood bags, new heart valves, and other medical devices.

Moreover, medical injection molded plastics can be molded as per the requirement of a specific application. For instance, they are being used to develop new medical devices. Plastics are now being used in surgical devices and procedures along with products like modern pacemakers, stents, and joint replacement devices owing to their ability to adapt to the tiniest and most intricate molds. This is expected to drive the market over the forecast period.

The Asia Pacific region is anticipated to expand at a lucrative CAGR of 5.3% in terms of revenue over the forecast period. The medical components application segment in the region is expected to witness substantial growth on account of the increasing applications of medical injection molded plastics in diagnostic drug kits, surgical consumables, drug delivery products, and others. An increase in healthcare expenditure, primarily in the U.S., China, and Germany, is expected to drive the demand for medical components, implants, mobility aids, etc., developed from injection-molded plastics over the forecast period.

The global demand for injection molded polypropylene from medical component manufacturers is expected to remain the highest during the forecast period owing to its superior properties, including ease of sterilization and high impact resistance. The consumption of injection molded plastics for cleanroom supplies is expected to witness growth due to the growing concerns regarding infection prevention in hospitals. Thus, the cleanroom supplies application segment is expected to account for a large share over the forecast period on account of the demand for premium-grade plastics. Polyethylene (PE) is a cost-effective medical-grade material that does not retain bacteria and is resistant to cleaning chemicals, making it suitable for medical equipment, devices, and supplies. It offers excellent impact resistance, chemical resistance, stability, flexibility, environmental friendliness, and minimal moisture absorption, making it ideal for medical-grade devices and components.

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Medical Injection Molded Plastics Market Report Highlights

• North America dominated the overall market in 2021. Asia Pacific is expected to grow at the fastest rate of 5.3% in terms of revenue over the forecast period. Increasing healthcare investments from emerging economies like India, South Korea, and Malaysia are likely to drive the market
• Polypropylene emerged as the largest product segment in 2021 and is anticipated to dominate the market over the forecast period. Polypropylene is used extensively across several application industries as it offers lightweight, bacterial and chemical resistance, and low-cost properties, and thus, is expected to witness substantial growth in medical components applications over the forecast period
• In November 2020, SABIC planned to launch its new family of LNP CRX polycarbonate (PC) at a medical design and manufacturing event (MD&M). As repeated cleanings can cause environmental stress cracking that leads to part failures, these new copolymers prevent stress cracking and feature improved chemical resistance over existing materials

List of Key Players of Medical Injection Molded Plastics Market

• Dow, Inc.
• SABIC
• Eastman Chemical Company
• Celanese Corporation
• Covestro AG
• Rutland Plastic
• Evonik Industries AG
• Sumitomo Chemical Co., Ltd.
• Arkema
• INEOS Group

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North America Activated Carbon Market Trends Analysis Report By Product, End-Use, Application, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 28 Sep 2022: The Report North America Activated Carbon Market Size, Share & Trends Analysis Report By Product (Powdered, Granular), By Application (Liquid Phase, Gas Phase), By End Use (Automotive, Water Treatment), And Segment Forecasts, 2022 – 2030

The North America activated carbon market size is estimated to reach USD 662.6 million by 2030, registering a CAGR of 3.3% over the forecast period, according to a new report by Grand View Research, Inc. Growth can be attributed to the effectiveness of activated carbon in removing a wide variety of impurities.The efficiency of the carbon black is dependent upon its surface area. Generally, a larger internal surface area results in more efficiency of the activated carbon product. This surface area is dependent on the number of pores present on the surface; the higher the number of pores larger the surface area. Activated carbon is used on a wide scale for water treatment. Industrial and municipal wastewater contains many impurities and water treatment aims at eliminating the impurities and restoring the natural quality of water. The product plays a key role in the removal of difficult impurities from water, such as pharmaceutical micro pollutants and colorants.

There has been a rise in air and water pollution levels across the globe in the recent past. The industrial sector is a key contributor to these rising levels. This trend has forced the governments to adopt strict regulations pertaining to the treatment of wastewater as well as flue gas treatment. These regulations are favoring the product demand as it shows significant efficiency in terms of both organic as well as inorganic particulate removal. North America is characterized by the presence of stringent regulations pertaining to air and water pollution, thus prompting a demand rise for the product. In addition, government regulatory agencies have suggested the usage of activated carbon for impurity removal. All these factors have benefitted the market in the region over the past few years and this trend is expected to continue over the forecast period.

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North America Activated Carbon Market Report Highlights

• In 2021, the powdered segment dominated the global market due to unique pore structure of powdered products
• The gas-phase application segment is anticipated to grow at a significant CAGR from 2022 to 2030 due to the rising demand from air purification application
• Water treatment dominated the end-use segment, in terms of volume as well as revenue, owing to the growing water scarcity problems in the region
• Air purification was the second-largest end-use segment and is predicted to grow at a CAGR of 3.6% owing to the increasing health concerns regarding respiratory diseases

List of Key Players of North America Activated Carbon Market

• CarbPure Technologies
• Cabot Corp.
• Donau Chemie AG
• Haycarb (Pvt) Ltd.
• Jacobi Carbons Group
• Osaka Gas Chemicals Co., Ltd.
• Evoqua Water Technologies LLC
• Oxbow Activated Carbon LLC
• Carbon Activated Corp.
• CarbUSA LLC
• Calgon Carbon
• Ingevity

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Sugar-based Surfactants Market Segmented On The Basis Of Type, Raw Material, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 27 Sep 2022: The Report Sugar-based Surfactants Market Size, Share & Trends Analysis Report By Type (Alkyl Polyglycoside), By Raw Material (Monomeric, Dimeric), By Application, By Region, And Segment Forecasts, 2022 – 2030

The global sugar-based surfactants market is expected to reach USD 9.18 billion by 2030, registering a CAGR of 5.7% from 2022 to 2030, as per the new report by Grand View Research, Inc. The growth is majorly driven by rising consumer awareness regarding personal hygiene, thus, leading to a rise in the demand for home care and personal care products worldwide. Sugar-based surfactants are naturally derived and have no ill effect on the environment. Moreover, they are considered alternatives to synthetic surfactants, which have an adverse effect on the environment and humans.

The alkyl polyglycoside (APG) type segment is expected to witness a significant rise in consumption levels across regions due to its extensive applications such as industrial, household cleaning products, and cosmetics. APG is considered to be safe for use on sensitive skin and thus extensively finds applications in the personal care industry worldwide. This, in turn, is expected to augment the market growth of APG in the coming years.

In homecare & personal care, sugar-derived surfactants are used in various personal care products such as body lotions, skin creams, body washes, shampoos, and sunscreens among others. This is attributed to their mild and non-irritating properties for the skin and eyes. They portray high efficiency in cleaning, washing, wetting, and foaming compounds.

The Asia Pacific region is anticipated to witness significant growth on the account of the rising consumption of household commodities such as soaps, detergents, and cleaners. This trend continued after the outbreak of the COVID-19 pandemic on account of the increased consumer awareness related to personal hygiene. This is expected to boost the demand for sugar-based surfactants in the country.

Access Research Report of Sugar-based Surfactants Market @ https://www.grandviewresearch.com/industry-analysis/sugar-based-surfactants-market-report

Sugar-based Surfactants Market Report Highlights

• The alkyl glycoside type segment is growing at an exponential rate with a CAGR of 5.6% as it is extensively used across different applications such as industrial, household cleaning products, and cosmetics
• The polymeric raw material segment is witnessing the fastest growth with a CAGR of 6.0% on the account of numerous advantages such as higher molecular weight, strong surface adsorption, large repulsive barrier, and numerous anchoring groups per molecule
• The biotechnology application is the fastest-growing application segment with a CAGR of 6.1% as sugar-based surfactants are widely for protein solubilization and membrane research
• Asia Pacific region is projected to witness the fastest growth with a CAGR of 6.2% during the forecast period, owing to the rising demand for the growing population in countries such as China and India and the subsequent expansion of various end-use industries including agriculture, pharmaceutical, and personal care, wherein sugar-based surfactants find large-scale applications
• The sugar-derived surfactants market is fragmented with few key players engaged in continuous R&D and new product launches aiming to enhance product portfolio. The key players in the market include BASF SE, Solvay, Evonik, Clariant, and Stepan Company among others

List of Key Players in the Sugar-based Surfactants Market

• Evonik
• Solvay
• Clariant
• BASF SE
• Stepan Company
• Glycosurf
• Shanghai Fine Chemicals Co. Ltd.
• Dadai Chemical Industries
• SEPPIC
• Jeneil
• SHIV SHAKTI INDIA

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Hydraulic Fluids Market Outlook On The Basis Of Base Oil, End-Use, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 27 Sep 2022: The Report Hydraulic Fluids Market Size, Share & Trends Analysis Report By Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), By End-use (Construction, Oil & Gas, Agriculture, Metal & Mining), By Region, And Segment Forecasts, 2022 – 2030

The global hydraulic fluids market size is anticipated to reach USD 12.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.2% from 2022 to 2030. In recent years, industrialization has been on a rise, particularly in emerging economies such as India, China, and Brazil, among others. The share of the manufacturing industry in the GDP is increasing significantly for these countries. Various policies by governments all over the world are being targeted toward the growth of industrial sectors.

The digital revolution, combined with artificial intelligence, has opened numerous new opportunities for fluid power. It will take time to turn into high-power electromechanical solutions. The industry must leverage the inherent capabilities of fluid power technology and expand its reach through technological advancements. In terms of energy efficiency, fluid power technology has huge potential. The focus will soon shift to the development of high-speed switching valves, high-efficiency hydraulic fluids, and more efficient pumps and motors. In 2020, the market was severely affected by the global pandemic. Prices were dropped due to the lack of demand for lubricants and oils from end-user industries such as construction, automotive, marine, and aerospace, among others.

In recent years, a huge fluctuation in the prices of base oil and hydraulic fluids has been experienced by the industries. In 2021, the prices of the market skyrocketed owing to the sudden demand for the product after the revival of the end-user industries. In 2022, the Russia-Ukraine war has resulted in the further increase of the base oil and hydraulic fluids prices.

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Hydraulic Fluids Market Report Highlights

• The mineral oil segment led the market and accounted for 48.9% of the global revenue share in 2021. Mineral-based oils are the most often utilized hydraulic fluids. They are easily accessible and cost-effective. The only significant downside of petroleum-based hydraulic oils is that they are flammable. Mineral-based hydraulic oils are made from fractions of crude oil. They are also polished to the point where they have suitable lubricating properties
• The synthetic oil segment is expected to witness a CAGR of 5.9% over the forecast period in terms of revenue. Synthetic oil can combat varnish and sludge buildup, which are common in high-pressure, high-temperature industrial situations
• The aerospace and defense segment accounted for 8.9% of the global revenue share in 2021. The hydraulic system is a vital aspect of any aircraft. Consumer’s increasing preference for air travel and rising demand for cargo flights is expected to drive to hydraulic systems market. In addition, increasing usage of airplanes and helicopters in the defense and commercial sectors is driving the demand for aircraft hydraulic systems which in turn is expected to increase the demand in the sector
• In June 2020, Gulf Western Oil (GWO) launched SUPERDRAULIC hydraulic fluid products. The high viscosity index products are suitable for harsh conditions and high-temperature applications. The company claimed to have 6,000+ oil hour life for the product
• In February 2022, South Korea’s hydraulic brake fluid exports were USD 791 thousand, while imports totaled USD 618 thousand, creating a USD 173 thousand positive trade balance. Hydraulic brake fluid was predominantly exported to the U.S., India, China, Mexico, and Slovakia and mostly imported from Germany, U.S., Switzerland, Singapore, and the Netherlands

List of Key Players in the Hydraulic Fluids Market

• Shell plc
• Exxon Mobil Corporation
• Chevron Corporation
• BP p.l.c.
• TotalEnergies
• PetroChina Company Limited
• China Petrochemical Corporation (SINOPEC)
• FUCHS
• Valvoline
• NYCO
• Idemitsu Kosan Co., Ltd.
• Dow
• Eastman Chemical Company
• LUKOIL
• Gazprommeft – Lubricants Ltd.

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