Aging In Bathroom Products Market In-Depth Research On Basis By Product, Application, Distribution Channel, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 30 June 2023: The Report Aging In Bathroom Products Market Size, Share & Trends Analysis Report By Product (Bath Aids, Bath Lifts, Grab Handles & Bars), By Application, By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2023 – 2030

The global aging in bathroom products market size is expected to reach USD 8.31 billion by 2030, expanding at 6.4% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The ideal aging in bathroom products is essential for ensuring older users’ ease of use, convenience, and maximum safety. Although these products may take some time and money to install; they are often worth the expense. However, several of the most recent bathroom design trends, such as more natural lighting, spacious bathroom seat raisers, commode, and bath handles, are recommendations for making bathrooms safer, more economically sound, and simpler to use.

The Americans with Disabilities Act (ADA) established requirements that must be adhered to in public areas such as malls, shops, public restrooms, theatres, and others. Even new homeowners can make their homes more secure and useful by following the disabilities act ensures safety and convenience for a person with a disability. Houses with bathroom aids offer a more competitive edge and sell quickly as compared to other regular homes.

The bath lifts segment held the largest market share in 2022. This segment is observed to be the spearhead segment, which indicates the product has the largest market share as it generates significant cash flows and has excellent future growth prospects. These are commonly used as bathroom aid that helps a person move freely around a bathtub and the bathroom area. It is a cost-effective alternative to walk-in baths with external help from a caregiver as it provides a non-slip transfer seat and a retractable belt. These aids lower the elderly or disabled individual in the bathtub safely without making the person feel dependent on someone else to take a bath with utmost privacy.

Remodeling residential properties to make living safer for the senior population is a trend that is on the rise and is predicted to continue in the years to come. In January 2020, more than half (53%) of the 1.13 million households residing in public housing were headed by an individual who was 62 years of age or older and/or disabled, according to an article published by the Urban Institute. The market for toilet goods for the older population is predicted to benefit from these demographic trends.

Furthermore, the growing interest of retailers to provide products for older people according to their needs and requirements of safety and convenience is expected to bode well for the market. For instance, Kohler Co. showcases a variety of bathroom products for the elderly such as walk-in-tubs, grab bars & handrails, toilets, and faucets, in its stores so that the consumer can verify the products before buying them.

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Aging In Bathroom Products Market Report Highlights

• People with limited mobility have to face many challenges in their daily life and using the bathroom can be one of them. Hence, comfortable and convenient elevation toilets and bathroom aids are often installed during remodeling projects
• The bath chairs & stools segment is expected to witness substantial growth over the forecast period. These products provide support to a person who faces difficulty standing in a shower, such as the elderly population or a person afflicted by an injury
• The commercial segment is expected to witness substantial growth over the forecast period from 2022 to 2030. Government initiatives in developed economies like the U.S. aim to provide advanced and sustainable infrastructure for people with disabilities, including the elderly population, which has been propelling the construction industry

List of Key Players of Aging In Bathroom Products Market

• Vermeiren India Rehab Pvt. Ltd.
• Genteel Homecare Products Co., Ltd.
• IN
• Jianlian Homecare Products Co., Ltd.
• Jinan Hengsheng New Building Materials Co., Ltd.
• YUYAO BEILV SANITARY WARE CO., LTD
• Saamipya
• Old is Gold Store
• IgnoxLabs Pvt Ltd. (Emoha Elder Care)
• Wenzhou Baogeli Sanitary Wares Co.,ltd.

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Coated Fabrics Market Segmented On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 30 June 2023: The Report Coated Fabrics Market Size, Share & Trends Analysis Report By Product (Polymer Coated Fabrics, Rubber Coated Fabrics), By Application (Transportation, Protective Clothing, Industrial), By Region, And Segment Forecasts, 2023 – 2030

The global coated fabrics market size is expected to reach USD 33.57 billion by 2030, expanding at 6.2% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The increase in safety measures in the transportation application is likely to positively influence the growth of coated fabrics during the forecast period. Additionally, the strict regulatory requirements for worker safety driving the protective clothing segment are also expected to act as a key determinant that will favor the growth of the market.

Polymer-coated fabrics are expected to dominate the market owing to the surging demand for airbags in automobiles and increased demand for protective clothing. The demand for polymer-coated fabrics is expected to increase significantly by 2030 owing to the increasing demand for automobiles in Asian countries such as China and India. In addition, growing safety concerns and stringent government regulations meant for providing safety to workers in Industrial operations are expected to increase the market share of polymer-coated fabrics over the next six years.

Transportation is the largest application with a total market share of 34.8% in 2022. It continues to serve as the largest application owing to the increasing demand for automobiles coupled with the infrastructural developments meant for railway and metro-rail stations. The infrastructural developments are expected to accelerate the demand for upholsteries and fabric products used in railway bridges and mass transits.

These products are used in transportation applications in airbags, seat covers, truck covers, and upholsteries. The strong market demand in the transportation sector is mainly due to the increasing automobile sales over the past few years coupled with the infrastructural development of rail and roadway bridges.

The fragmented market structure results in low competitiveness among key participants. Major companies have integrated operations, which has brought about a degree of consolidation in the market. Industry rivalry is expected to be medium over the forecast period, particularly with increased consumption in China and India. The market is mainly dominated by Omnova Solutions; Saint-Gobain; and Takata Corporation, amongst others.

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Coated Fabrics Market Report Highlights

• Rubber coated fabrics segment was the second largest market with 9.3% of the total market share in 2022 owing to the rubber’s flexibility and resistance to degradation. However, a large number of polymer coating applications are being replaced by rubber but on account of the surging demand for automobiles, the manufacturers are not going to shift their coating material from polymer to rubber
• Fabric-backed wall coverings held 7.1% of the total market share in 2022. This type of coated fabric is mainly used for residential and non-residential structures. The demand for fabric-backed wall coverings is mainly driven by increasing residential and non-residential structures coupled with increasing urbanization. The fabric-backed wall-covering segment is expected to register marginal growth owing to the increase in urban population coupled with infrastructural development in the housing sector
• The protective clothing application segment was valued at USD 2,302.1 million in 2022 and is expected to reach USD 3,918.2 million by 2030, growing at a CAGR of 6.9% from 2023 to 2030. The demand for coated fabrics is increasing owing to the growing usage in aprons, chemical and hazardous material suits, clean room clothing, cut- and slash-resistant clothing, gloves, footwear, reflective clothing, and space suits. The growth in demand for coated fabrics in protective clothing is largely due to various government initiatives and rising awareness about ensuring worker safety in the industrial environment
• Coated fabrics are used in the production of a variety of interior and exterior upholstered furniture, including kitchen chairs and benches, and patio furniture. Coated fabrics are used as furniture upholstery to provide a durable, stain-resistant, and easy-to-clean surface in a variety of colors, patterns, and textures. The increasing living standard of consumers globally is expected to augment the market demand for furniture applications

Coated Fabrics Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 21.88 billion
Revenue forecast in 2030	USD 33.57 billion
Growth rate	CAGR of 6.2% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players of Coated Fabrics Market

• Omnova Solutions
• Saint-Gobain S.A.
• Spradling International Inc.
• Takata Corporation
• Trelleborg AB
• Bo-Tex Sales Co.
• Mauritzon Inc.
• ContiTech AG
• Isotex S.p.A
• Graniteville Specialty Fabrics

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Cross Laminated Timber Market Size Poised To Reach USD 3.56 Billion By 2030: Grand View Research Inc.

San Francisco, 30 June 2023: The Report Cross Laminated Timber Market Size, Share & Trends Analysis Report By Product (Adhesive Bonded CLT, Mechanically Fastened CLT), By Application (Residential, Institutional), By Region, And Segment Forecasts, 2023 – 2030

The global cross laminated timber market size is expected to reach USD 3.56 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.9% from 2023 to 2030.
 This growth can be attributed to the growing adoption of cross laminated timber, as solid wood construction of cross laminated timber has a high strength-to-weight ratio, making it superior for usage in structural flooring systems as it can withstand both, compressive and tensile stress and has an extremely high static load-carrying capability.

Cross laminated timber market has been continuously witnessing expansion across the world. It is characterized by partnerships among major players to ensure their profitability and competitiveness in the market. For instance, in 2020, Stora Enso Oyj announced an investment worth USD 96.1 million in a new production line for manufacturing cross laminated timber at its sawmill in Ždírec, the Czech Republic. The investment is expected to enhance the market positioning of the company as a global provider of cross laminated timber panels and wooden products.

The cross laminated timber market is strengthened by technological advances, new prefabrication systems, and a series of processes that increase its sustainability, safety, and efficiency. Methodologies and tools, including virtual reality, BIM, and 3D printing and modeling have intertwined the design and construction process. Acton Ostry Architects & Hermann Kaufmann Architekten designed the UBC Tallwood House at Brock Commons project using the BIM tool and technologies provided by CadMakers.

Growing environmental concerns regarding carbon emissions have promoted the use of CLT for commercial purposes in recent times. In addition, the cost advantages offered by CLT have further promoted its demand. The aesthetic appearance and stylish designs are attracting the attention of consumers and driving the growth of the market for residential construction.

The rising investments and continuous R&D in cross laminated timber (CLT) panels have led to the introduction of mechanically fastened CLT and adhesive-bonded CLT. Moreover, size, dimension, and customization options offered by manufacturers have contributed to higher product demand in the applications industries. The cross laminated timber panels are manufactured in line with the demand of the customers. As a result, manufacturers have begun integrating the production facility for end-to-end processes such as designing, measuring, and on-site delivery for expert consultation in the construction project.

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Cross Laminated Timber Market Report Highlights

• The adhesive bonded Cross Laminated Timber (CLT) segment accounted for the highest revenue share of 88.2% in 2022 due to its well-developed traditional market in Europe and North America, and the high strength of adhesives used for the bonding of planks. The manufacturing cost of adhesive bonded cross laminated timber is less as compared to mechanically fastened cross laminated timber, owing to less usage of machinery. In addition, the adhesive-bonded cross laminated timber panels can be converted to biofuel pellets at the end of their life cycle
• The residential application segment led the cross laminated timber market in 2022 and is expected to expand at a CAGR of 15.2% over the forecast period 2023-2030, owing to the rising residential construction globally owing low-interest rates on housing loans and government initiative for the development of residential apartments
• Europe is expected to dominate the regional market for cross laminated timber and accounted for a CAGR of 14.6%, owing to the growth of residential construction activities in the region. Germany is one of the largest manufacturing destinations globally for automobiles, chemicals, fast-moving consumer goods (FLCGs), food & beverages, and pharmaceuticals. As a result, the companies dealing in the above mentioned products have established their commercial offices and manufacturing units in the country. This is projected to offer vast application scope for cross laminated timber in new establishments in Germany
• Governments in several countries, such as Qatar, UAE, and Lebanon, are greatly emphasizing sustainability and have created various green building rating systems for the incorporation of environmental aspects in the modern construction industry. For instance, as per Qatar’s global Sustainability Assessment System (GSAS), the country is promoting the usage of eco-friendly materials for construction as a substitute for traditional materials, thus driving the market growth of cross laminated timber market
• The market players focus on gaining various constructional projects in institutional and industrial construction, replacing concrete as a primary building material to gain a competitive advantage. Small-scale players in the market are also adopting such strategies to increase their penetration in the market

Cross laminated Timber Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 1.33 billion
Revenue forecast in 2030	USD 3.56 billion
Growth rate	CAGR of 14.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2022 – 2030

List of Key Players of Cross Laminated Timber (CLT) Market

• Stora Enso Oyj
• Mayr-MelnhofHolz Holding AG
• Binderholz GmbH
• XLam
• Sterling Company
• SchilligerHolz AG
• KLH Massivholz GmbH
• B&K Structures
• Eugen Decker & WebMan
• Structurlam Mass Timber Corporation
• SmartLam NA
• MEIKEN LAMWOOD Corp

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Farm Tire Market Focusing On The Basis Of Product, Application, Distribution, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 29 June 2023: The Report Farm Tire Market Size, Share & Trends Analysis Report By Product (Bias, Radial), By Application (Tractors, Harvesters), By Distribution (OEM, Aftermarket), By Region, And Segment Forecasts, 2023 – 2030

The global farm tire market size is expected to reach USD 11,801.4 million by 2030, registering a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing demand for tractors and harvesters in farming activities in developed as well as developing economies is anticipated to benefit the growth of the market over the forecast period.

The demand for farm tires in agricultural vehicles is expected to witness significant growth owing to the increasing penetration of vehicles in the agricultural sector. In addition, rising awareness among farmers related to the up-gradation in automotive technology and the use of automated equipment is expected to boost the market growth.

Increasing demand for food, especially in the emerging economies of Asia Pacific, including China, India, Japan, and Thailand, is a key factor driving the global market. Furthermore, economic development, coupled with the population expansion in these economies, is likely to boost the market growth over the forecast period.

Market players are engaged in developing innovative procedures for manufacturing farm tires in order to improve the product characteristics and enable its use in several agricultural vehicles. Leading players such as Michelin have undergone technology upgrades, such as from IF/VF technology to advanced flexion technology, in order to gain a competitive edge over their competitors in the market.

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Farm Tire Market Report Highlights

• By product, bias tires are expected to witness the fastest growth in terms of revenue from 2023 to 2030 owing to the rising agriculture application on account of crosshatch construction of the tires and low cost as compared to their counterpart
• The tractors application segment dominated the market in 2022 and is expected to maintain its lead throughout the forecast period. The multipurpose nature of tractors is likely to benefit the segment growth
• The aftermarket distribution segment accounted for the largest revenue share in 2022 and is expected to be the dominant segment over the forecast period on account of the growing replacement of tires by farmers
• The farm tire market in Asia Pacific is estimated to witness the fastest growth in terms of revenue over the forecast period owing to the factors, such as increasing population, rising disposable income of the middle-class population, and rapid industrialization and urbanization
• Key market players undergo mergers and collaborations to expand their reach, thereby increasing their market share

Farm Tire Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 8,045.3 million
Revenue forecast in 2030	USD 11,801.4 million
Growth rate	CAGR of 5.5% from 2023 to 2030
Base year for estimation	2022
Actual estimates/Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Farm Tire Market

• Balkrishna Industries Limited (BKT)
• Bridgestone Corporation
• Continental AG
• Compagnie Générale des Établissements Michelin (CGEM)
• Sumitomo Rubber Industries, Ltd.
• Titan International, Inc.
• Mitas
• TBC Corporation
• Apollo Tyres Ltd.
• Hankook Tire
• MRF Limited
• JK Tyre & Industries Ltd.
• CEAT
• The Carlstar Group, LLC
• Specialty Tires of America, Inc.
• Alliance Tire Group (ATG)
• Trelleborg AB

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Powder Coating Market Segmented On The Basis Of Resin, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 29 June 2023: The Report Powder Coating Market Size, Share & Trends Analysis Report By Resin (Epoxy, Polyester, Acrylic, Polyurethane), By Application (Consumer Goods, Automotive), By Region, And Segment Forecasts, 2023 – 2030

The global powder coating market size is expected to reach USD 24.27 billion by 2030, registering a CAGR of 7.5% from 2023 to 2030, according to a report by Grand View Research, Inc. The market is expected to witness significant growth over the forecast period primarily owing to the superior properties of powder coatings over conventional paints including high resistance to corrosion and chipping & abrasion, durability, cost-effectiveness, excellent finishing, and reduced processing time.

Growing purchasing power, high living standard, and rapid urbanization are expected to drive the consumer goods sector, thereby driving product demand for use in applications, such as refrigerators, washer tops and lids, air-conditioner cabinets, water heaters, range housings, dishwashers, microwave oven cavities, and freezer cabinets.

Asia Pacific is estimated to register the fastest CAGR of 8.2%, in terms of revenue, over the forecast period. Increasing demand for consumer goods, such as washing machines and refrigerators, in emerging countries like India, China, Vietnam, the Philippines, and Thailand is expected to boost the regional market growth. Growing demand for automotive in emerging economies of Asia Pacific coupled with favorable FDI norms by the governments is expected to facilitate investments in the region.

North America was the third-largest regional market, in terms of revenue, in 2022. The rapid expansion of the automotive industry in the U.S. and concerns regarding VOC emissions released from the coatings used in automobile production are expected to boost the demand for powder coatings.

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Powder Coating Market Report Highlights

• Epoxy-Polyester (Hybrid) is expected to be the fastest-growing resin type segment during the forecast period
• Consumer goods dominated the application segment in 2022 due to high demand for domestic appliances in emerging countries, such as India, China, Vietnam, the Philippines, and Thailand
• The global market is fragmented. In terms of revenue, the top market players collectively held over 40% of the overall share in 2022
• Key players are striving to gain a higher market share with new product developments and advancements in the manufacturing technology
• However, at present, the pricing structure of market participants is nearly the same and there is not much difference in product attributes

Powder Coating Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 14.53 billion
Revenue forecast in 2030	USD 24.27 billion
Growth rate	CAGR of 7.5% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in Powder Coating Market

• Akzo Nobel N.V
• The Sherwin-Williams Company
• PPG Industries, Inc.
• BASF SE
• DSM
• Valspar
• Arkema S.A.
• Bayer AG

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Stainless Steel Market In-Depth Research On Basis By Grade, Product, Application, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 29 June 2023: The Report Stainless Steel Market Size, Share & Trends Analysis Report By Grade (200 Series, 300 Series, 400 Series, Duplex Series), By Product (Flat, Long), By Application, By Region, And Segment Forecasts, 2023 – 2030

The global stainless steel market size is expected to reach USD 197.29 billion by 2030, registering a CAGR of 7.4% during the forecast period, according to a new report by Grand View Research, Inc. Higher penetration of the product and its vital importance in numerous applications is expected to support the market growth, during the forecast period.

Stainless steel has extensive utilization in the automotive sector because of its visual appeal and corrosion resistance properties. Corrosion resistance helps its use in catalytic converters and exhaust silencers. These parts face exhaust gas attacks from the inner side and road dirt, salt, and water from the external side. In such cases, stainless steel is the best suitable material. Automotive applications of the product include fuel tanks, trim, gaskets, suspension systems, and bodies of the buses.

Characteristics of diverse stainless steel materials depending upon the application make them advantageous and preferable when compared to other materials. This is a major reason for their growing demand. For example, if we compare steel and aluminum since they are often considered alternatives in many applications, steel is preferable over aluminum because of its low cost, strength, and less likely to damp, bent, or warp.

Numerous applications have propelled the demand for stainless steel during these years and by enlargement in the end-use industries, the need for these materials is expected to increase further at a rapid rate. As a result, the production of the commodity is carried out on a large scale where iron ore is the key raw material. This ore is mined from the earth’s crust.

The increasing demand together with certain disadvantages, associated with conventional production processes such as the negative environmental effect of iron ore mining, has compelled vendors to opt for an alternative step, which is recycling. The phenomenal property of stainless steel can be recycled frequently without having any impact on the quality eventually promoting the stainless steel scrap industry.

Stainless steel scrap recycling has various benefits economically and environmental. Every ton of recycled steel saves 1.5 tons of iron ore, and 0.5 tons of coal, and reduces water consumption by 40.0%. In addition, carbon dioxide emissions are reduced by 50-60%. As a result, the advantages of metal recycling along with increasing demand for stainless steel in end-use applications are propelling the growth of the stainless steel market.

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Stainless Steel Market Report Highlights

• In terms of revenue, the Asia Pacific was the largest region in 2022 and is projected to remain the fastest-growing market during the forecast period. The region accounted for more than 68.0% of the total revenue in 2022 on account of industrial production for automotive, marine, construction, and consumer goods in the countries such as China, India, and Japan
• 300 series segment is projected to exhibit a CAGR of 7.7%, in terms of revenue, during the forecast period. The market is likely to be driven by the aerospace and marine industries on account of its properties such as thermal resistance and corrosion resistance
• Flat products segment accounted for a volume share of nearly 74.0% in 2022. The segment is projected to grow on account of the demand in consumer goods along with machinery & equipment industries, which is supported by the properties of stainless steel such as concentricity, straightness, and tolerance
• Building & construction application segment is likely to observe a lucrative growth of 7.6% during the forecast period on account of massive investment in infrastructure and housing sectors by the countries such as the U.S., China, and India
• The competitive rivalry within the industry is projected to increase with rising mergers & acquisitions, capacity expansion, in addition to network distribution

Stainless Steel Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 117.63 billion
Revenue forecast in 2030	USD 197.29 billion
Growth rate	CAGR of 7.4% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in Stainless Steel Market

• Acerinox S.A.
• Aperam Stainless
• ArcelorMittal
• Baosteel Group
• Jindal Stainless
• Nippon Steel Corporation
• Outokumpu
• POSCO
• ThyssenKrupp Stainless GmbH
• Yieh United Steel Corp.

Access Press Release of Stainless Steel Market @ https://www.grandviewresearch.com/press-release/global-stainless-steel-market

Carbon Steel Market Segment Analysis By Type, Application, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 29 June 2023: The Report Carbon Steel Market Size, Share & Trends Analysis Report, By Type (Low Carbon Steel, Medium Carbon Steel, High Carbon Steel), By Application (Shipbuilding, Automotive, Construction), By Region, And Segment Forecasts, 2023 – 2030

The global carbon steel market size is expected to reach USD 1,301.53 billion by 2030, expanding at a CAGR of 4.0%, according to a new report by Grand View Research, Inc. Increasing investment in the construction sector on account of factors such as rising housing needs, boosting tourism, and increasing commercial space is likely to augment the demand for carbon steel over the forecast period.

For instance, in August 2022, Nakheel PJSC announced a master plan vision for the Dubai islands. The plan involves the construction of five islands of 17 square kilometers by 2040. These islands are expected to have 80 resorts & hotels, cultural hubs, boutiques, dedicated public parks, and residential spaces. Such kinds of investments are expected to fuel the product demand over the coming years.

Carbon steel is one of the key materials used in the construction sector on account of its strength and hardness. It is used in rectangular tubing, highway construction plates, structural framework beams, and bridges. It is also a popularly used material in the manufacturing of hollow structural sections and rebars. Plain carbon steel exhibits various properties such as plasticity, ductility, flexibility, and bending ability. During natural calamities, such as earthquakes, it is a very useful material owing to its crack resistance. Thus, growth in the construction industry, especially after the pandemic aided the product demand.

Further, the automotive industry is another vital end-use for the market. For instance, high carbon steel finds use in various automotive applications such as door panels, vehicle chassis, and bushings, among others. A rise in vehicle production is thus anticipated to boost product consumption over the forecast period. According to OICA, world automotive production rose by 6% from 2021 to 2022.

Further, the growing emphasis toward sustainable production is aiding the market growth. For instance, in 2022, BMW, to further support its goal of reducing carbon dioxide emissions signed an agreement with Salzgitter AG to deliver low carbon steel. The product will be used in car production at the company’s European plants, from 2026 onwards. The company aims at fulfilling 40% of its demand by making use of low carbon steel at its plants in Europe, by 2030, thereby reducing carbon dioxide emissions by 400 kilotons per annum.

Availability of substitutes such as aluminum alloys and other lightweight alloys is anticipated to hinder market growth over the coming years. Aluminum alloys are the major substitutes for carbon steel in applications like shipbuilding. They are expected to gain a higher preference owing to properties like lightweight, which helps reduce the weight of the ship, enhance fuel efficiency, provide higher corrosion resistance, non-magnetic properties, and offer low cost maintenance.

Despite the various advantages of aluminum alloys, there is one drawback associated with them. Their high cost when compared to carbon steel restricts their consumption. However, this drawback can be compensated for with higher earnings.

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Carbon Steel Market Report Highlights

• Based on type, the low carbon steel segment accounted for the highest revenue share of nearly 90.0% in 2022. Availability of the product at an economical cost is likely to remain a key factor driving the segment growth.
• Based on application, shipbuilding accounted for a revenue share of nearly 12.0% in 2022. The spike in shipping transportation in 2021 after the pandemic, aided market growth.
• The construction segment is projected to witness a CAGR of 4.4%, in terms of revenue, over the forecast period. A positive outlook for the construction sector especially in emerging economies is projected to drive the segment growth.
• Based on region, Asia Pacific dominated the global market with a revenue share of over 66.0% in 2022. This trend is anticipated to continue over the forecast period. Availability of labor at an economical cost and increasing industrial outputs are the primary driving factors for the product demand to propel in the region.
• Middle East & Africa is anticipated to register a CAGR of 2.7%, in terms of revenue, over the forecast period. The increasing focus of the Gulf countries on non-oil & gas sectors is the primary factor driving segment growth.

Carbon Steel Market Report Scope 

Report Attribute	Details
Market size value in 2023	USD 980.32 billion
Revenue forecast in 2030	USD 1,301.53 billion
Growth rate	CAGR of 4.0% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in Carbon Steel Market

• AK Steel Corporation
• ArcelorMittal
• Baosteel Group
• Evraz plc
• HBIS Group
• JFE Steel Corporation
• Nippon Steel Corporation
• NLMK
• POSCO
• United States Steel

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U.S. Group Level Disability Insurance Market Outlook On The Basis Of Coverage Type, Insurance Type, Distribution Channel, End-Use And Forecast to 2030: Grand View Research Inc.

San Francisco, 29 June 2023: The Report U.S. Group Level Disability Insurance Market Size, Share & Trends Analysis Report By Coverage Type, By Insurance Type, By Distribution Channel, By End-use, And Segment Forecasts, 2023 – 2030

The U.S. group level disability insurance market size is expected to reach USD 49.31 billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market’s growth can be attributed to the rising cost of healthcare in the U.S., which has led to an increased focus on protecting one’s income in the event of a disability. Disability insurance can provide a safety net to help cover the costs of medical care and other expenses.

The companies are increasingly turning to Artificial Intelligence (AI) and Machine Learning (ML) to improve efficiency, accuracy, and customer service. Predictive analytics, underwriting, claims processing, fraud detection, and customer service are some areas where AI and ML are being applied. By analyzing large amounts of data, insurers can predict and set policy premium accurately. Automating the underwriting and claims processing procedures enhances insurers’ decision-making abilities and accelerates the benefits delivery process, resulting in improved operational efficiency and customer satisfaction.

Disability insurance providers are offering more customizable policies to meet the specific needs of customers. Customers can choose the coverage level they need, the length of the waiting period, and the benefit period. Additionally, disability insurance providers are integrating their policies with other benefits, such as life insurance and retirement plans. This provides customers with a more comprehensive package of benefits and simplifies the administration of those benefits.

The COVID-19 pandemic had a positive impact on the regional market, and several changes such as changes in the underwriting and claim process, are likely to persist after the end of the pandemic. The COVID-19 pandemic has highlighted the need for more comprehensive coverage for dealing with the negative effects of the pandemic and other health crises. Disability insurance providers are developing policies offering more robust coverage for these occurrences.

Access Research Report of U.S. Group Level Disability Insurance Market @ https://www.grandviewresearch.com/industry-analysis/us-group-level-disability-insurance-market-report

U.S. Group Level Disability Insurance Market Report Highlights

• The long term disability insurance segment is expected to dominate the market over the forecast period. Long term disability insurance provides financial support for an extended period of time, usually spanning several years or until the policyholder reaches retirement age. This coverage is particularly beneficial for individuals with disabilities that prevent them from working for prolonged periods, as it offers a source of income to help defray their living expenses.
• The employer supplied disability insurance segment dominated the market in 2022. With an aging population and rising healthcare costs, there is a growing need for disability insurance. Many employers are recognizing this need and are providing disability insurance as part of their employee benefits package. This trend is expected to continue over the forecast period, driving growth in the employer supplied disability insurance segment.
• The tied agents and branches segment is expected to dominate the market over the forecast period. The tied agents and branches segment can access a broader range of disability insurance policies than other distribution channels. This allows companies to offer customers more comprehensive coverage options, which can be a key factor in attracting and retaining customers.
• The enterprise segment is expected to dominate the market over the forecast period. The dominance of the enterprise segment market is due to the more extensive customer base, the importance of disability insurance in attracting and retaining skilled workers, and the greater bargaining power of large organizations when negotiating insurance policies.

U.S. Group Level Disability Insurance Market Report Scope

Report Attribute	Details
Revenue forecast in 2030	USD 49.31 billion
Growth rate	CAGR of 5.5% from 2023 to 2030
Base year of estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players in the U.S. Group Level Disability Insurance Market

• The Hartford
• Unum Group
• Prudential Financial, Inc.
• MetLife
• StanCorp Financial Group, Inc.
• The Guardian Life Insurance Company of America
• Reliance Standard
• AFLAC INCORPORATED
• Mutual of Omaha Insurance Company
• Principal Financial Services, Inc.

Access Press Release of U.S. Group Level Disability Insurance Market @ https://www.grandviewresearch.com/press-release/us-group-level-disability-insurance-market-analysis

U.S. Dietary Supplements Market Segmented On The Basis Of Ingredient, Form, Application, End-User, Type, Distribution Channel And Forecast 2030: Grand View Research Inc.

San Francisco, 28 June 2023: The Report U.S. Dietary Supplements Market Size, Share & Trends Analysis Report By Type (OTC, Prescribed), By Ingredient, By Form, By Application, By End-user, By Distribution Channel, And Segment Forecasts, 2023 – 2030

The U.S. dietary supplements market size is expected to reach USD 78.94 billion by 2030, registering a CAGR of 5.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The demand is anticipated to be driven by the several factors including the aging population, increasing awareness about preventive healthcare, and rising demand for the sports nutrition supplements.

Furthermore, the trend towards self-directed care is also driving demand for the dietary supplements in the U.S. Consumers, those are becoming more proactive in managing their health and are turning to supplements as a way to enhancement their diets and maintain optimal health. As consumers take more responsibility for their health, they are seeking out natural and alternative remedies to improve their health and wellness.

Nutraceutical supplements have received immense popularity and focus in the recent past owing to their nutritional and medicinal benefits, along with being safe for  consumption without any significant side effects. Nutraceuticals are also quickly replacing pharmaceuticals in the management and prevention of chronic and acute health problems. These products have ample scope as therapeutic agents with curative and preventive properties. They are generally available over the counter, without requiring a prescription, making them easily accessible to the general public.

The rising health concerns have driven consumers to eat better and lead healthier lives. However, with busy schedules and little time to make healthy, nutritious meals, consumers are relying on dietary supplements to make up for the inadequate intake of the required nutrients. Apart from this, the growing trend of personalized nutrition and the increased spending power of the consumers are expected to have a positive impact on product demand. There is a rising willingness among consumers in the U.S. to pay a premium price for products with better nutritional value. Add to this the growing tendency of companies to use eye-catching packaging and natural ingredients to attract more consumers. This will continue to drive the product adoption in the country.

Nanoencapsulation and microencapsulation technologies have gained popularity during the past few years owing to the controlled release and minimum utilization of the ingredients. The introduction and application of encapsulation technologies in the fortification of food & beverage products offer sports nutrition ingredients immense scope for the growth.  Furthermore, ascending demand for the naturally derived ingredients in light of increasing health concerns related to synthetic ingredients is expected to fuel the penetration of herbal supplements in the sports nutrition industry.

Mounting health concerns stemming from hectic work schedules and unhealthy eating habits have increased consumer focus on health and fitness. Rising cases of obesity in the country have also driven people to exercise more. This rising participation of consumers in various physical activities, coupled with increasing international and national sporting events, has propelled demand for the sports nutritional supplements.

Access Research Report of U.S. Dietary Supplements Market @ https://www.grandviewresearch.com/industry-analysis/us-dietary-supplements-market-report

U.S. Dietary Supplements Market Report Highlights

• Based on ingredient, the market is segmented into vitamins, botanicals, minerals, proteins & amino acids, fibers & specialty carbohydrates, omega fatty acids, probiotics, and others. In 2022, the vitamin segment dominated the market with a revenue share of above  30.11%. Vitamins are a popular dietary supplement among those who may not get all the necessary nutrients from their diet alone. Additionally, certain vitamins like A, B, C, and D are expected to gain more popularity among working professionals and sportspersons due to their potential health benefits related to immunity, bone health, and brain function
• Based on form, the market is segmented into tablets, capsules, soft gels, powders, gummies, liquid, and others. The capsules segment dominated the market with a revenue share of 30.30% in 2022 and is expected to retain its dominance during the forecast period owing to their convenience and design, which protect the active ingredients from light, moisture, and oxygen, thus preserving their potency and quality over time and leading to increased shelf-life
• Based on application, the general health segment dominated the market with a revenue share of 23.66% in 2022 owing to the increasing emphasis on overall health and wellness. This trend is mainly driven by the changing consumer dietary habits, as many people are seeking preventive healthcare measures to maintain their overall health and well-being
• Based on end user, the adults dominated the market with a revenue share of 46.23% in 2022 owing to an increased awareness among working professionals and athletes about the importance of maintaining a balanced diet and the resulting demand for the dietary supplements to support their overall health
• Based on type, the OTC (Over-the-Counter) segment dominated the market with a revenue share of 85.17% in 2022. OTC supplements are often more affordable than prescription supplements, making them an attractive option for consumers
• Based on distribution channel, the offline distribution channel dominated the market with a revenue share of 78.13% in 2022. An increase in prescribed dietary supplements by the medical practitioners for treating gastrointestinal disorders, immunity-related issues, bone health, folic acid deficiencies, heart health, and age-related macular degeneration, among others, is a key factor driving demand for the dietary supplements through offline distribution channels

U.S. Dietary Supplements Market Report Scope

Report Attribute	Details
Revenue forecast in 2030	USD 78.94 billion
Growth rate (Revenue)	CAGR of 5.7% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030

List of Key Players in the U.S. Dietary Supplements Market

• Amway
• Abbott
• Bayer AG
• Glanbia plc.
• Pfizer Inc.
• Archer Daniels Midland (ADM)
• GSK plc.
• NU SKIN
• Herbalife Nutrition
• Nature’s Sunshine Products, Inc.
• DuPont de Nemours Inc.
• NOW Foods

Access Press Release of U.S. Dietary Supplements Market @ https://www.grandviewresearch.com/press-release/us-dietary-supplements-market-analysis

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

San Francisco, 28 June 2023: The Report Lignin Market Size, Share & Trends Analysis Report By Product (Lingo-sulfonates, Kraft Lignin, Organosolv Lignin, Others), By Application, By Region, And Segment Forecasts, 2023 – 2030

The global lignin market size is expected to reach USD 1.47 billion by 2030, registering a CAGR of 4.9% according to a new report by Grand View Research, Inc. The product is widely utilized in the production of macromolecules used in the development of bitumen, biofuels, and bio-refinery catalysts. This factor is likely to support market growth. Growing demand for concrete admixtures and adhesives and binders coupled with increasing investments in infrastructure development is expected to fuel market growth.

Lignin is a complex polymer of aromatic alcohols which is derived from wood and is an integral part of the secondary cell walls of trees in the form of timber and lumber. Global timber harvest has increased by 60% over the last four decades and is anticipated to continue to grow in the near future. However, the market is likely to grow at a steady pace owing to the presence of a stringent regulatory framework in terms of deforestation.

In certain cases, lignin manufacturing companies form direct alliances and strategic partnerships with application industries. Lignin is extensively used as a precursor in the manufacture of aromatics and macromolecules. Lignin-containing aromatics and macromolecules are further used in a wide range of end-uses including dust control, animal feed, concrete admixtures, dispersants, binders, and adhesives.

Ligno-sulphonates are water-soluble polymers, majorly used as plasticizers for manufacturing cement and concrete on account of maintaining the flow ability of the mixture and as grinding aids in the mill. Other applications of ligno-sulphonates include plasterboard production, drilling fluid, carbon black, dyes, and pesticides. Concrete production growth in the U.S., China, and India in light of the improvement in domestic infrastructure is expected to increase the importance of ligno-sulphonates over the forecast period.

Companies including Domtar Corp, Asia Lignin, and Dallas procure raw materials from the above-mentioned companies to manufacture various grades of lignin. The finished products are then supplied to application industries through various distribution channels including vendors, wholesalers and distributors.

Access Research Report of Lignin Market @ https://www.grandviewresearch.com/industry-analysis/lignin-market

Lignin Market Report Highlights

• Ligno-sulphonates was the largest product segment, accounting for 84.2% of global lignin market share in 2022. EPS exhibit excellent dielectric strength, and resistance to chemicals, heat, and moisture, making it a preferred material for insulation of electric component in building applications. Foamed plastics are expected to witness significant demand for building insulation applications, owing to the energy efficiency regulations imposed by various governments across the globe
• Global kraft lignin market was valued at USD 119.4 million in 2022 and is expected to reach USD 155.3 million by 2030, growing at a CAGR of 3.3% from 2023 to 2030. The increasing importance of biofuels in Europe and North America on account of regulatory support to reduce air pollution and decreasing levels of GHG emissions is expected to fuel kraft lignin demand over the forecast period
• Global lignin demand in aromatics was USD 419.0 million in 2022 and is expected to reach USD 525.1 million by 2030, growing at a CAGR of 2.9% from 2023 to 2030. The robust manufacturing base of the chemical industry in Brazil and increasing domestic consumption are anticipated to force chemical manufacturers to increase expenditure on the development of raw materials such as lignin for aromatics production. Furthermore, the demand in MEA is expected to benefit from various strategic initiatives by manufacturers within the aromatics industry
• Growing automobile production in the U.S. on account of rising domestic consumption and new product launches is expected to promote demand for lightweight materials such as carbon fibers. Automobile manufacturers such as Ford Motors are deploying bio-based lightweight materials in their product offerings in order to reduce carbon footprints and provide fuel economy benefits to driving customers. As a result, favorable regulations aimed at promoting biopolymers industry in the U.S. coupled with growing domestic demand for bio-based automotive material is expected to have a positive impact on the lignin market in the near future

Lignin Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 1.08 billion
Revenue forecast in 2030	USD 1.47 billion
Growth Rate	CAGR of 4.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Lignin Market

• Stora Enso
• West Fraser
• UPM Biochemicals
• Sweetwater Energy
• Borregaard LignoTech
• Rayonier Advanced Material
• Domsjo Fabriker
• Changzhou Shanfeng Chemical Industry Co Ltd
• Domtar Corporation
• Nippon Paper Industries Co., Ltd
• Metsa Group
• The Dallas Group of America, Inc
• Liquid Lignin Company
• Burgo Group S.p.A
• Valmet Corporation

Access Press Release of Lignin Market @ https://www.grandviewresearch.com/press-release/global-lignin-market