Syndicated Research Studies

Skin Lightening Products Industry Overview The global skin lightening products market size was valued at USD 9.96 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030. Skin lightening products provide various benefits such as reducing pigmentation, lightening discoloration, promoting even skin tone, and eliminating blemishes. The rising inclination of consumers toward a specific solution to different skin problems, such as age spot or acne spot reduction, has increased the adoption of various skin lighteners in the market. Therefore, manufacturers are introducing lightening products to cater to the different consumer needs. For instance, in December 2020, Blac Chyna launched brightening cream in collaboration with Whitenicious by Dencia in Nigeria. The breakout of COVID-19 has resulted in changing consumer preferences who are proactively seeking active and functional skincare products, which in turn, is expected to accelerate t

Recycled Polyethylene Terephthalate Industry Overview The global recycled polyethylene terephthalate market size was valued at USD 8.56 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2028. The market growth is primarily driven by changing consumer behavior towards sustainability. In addition, a ban on landfills introduced in several developed countries in North America and Europe is likely to drive the product demand over the forecast period. The primary factor driving Recycled Polyethylene Terephthalate (rPET) demand in North America is its broad application scope in several key application industries, such as FMCG, consumer goods, clothing & textile, and automotive. Various government initiatives regarding the recycling of plastics coupled with high investments have resulted in a decent rPET market in the region. Despite significant investments, most post-consumer PET bottles are majorly exported to Southeast Asian countrie

North America Building Thermal Insulation Industry Overview The North America building thermal insulation market size was estimated at USD 11.13 billion in 2019. It is expected to expand at a compounded annual growth rate (CAGR) of 2.7%, in terms of revenue, from 2020 to 2027. Favorable regulations, owing to the focus on lowering overall energy consumption, are likely to be a significant factor in the rising popularity of building thermal insulation materials. Thermal insulation materials help reduce the heat buildup within the buildings which helps the main nominal temperature inside the households, leading to a reduction in the energy costs. High demand for the product for promoting thermal energy conservation in low-income households through federal funding is expected to drive product growth in the region. The U.S. market is expected to witness sustainable growth over the forecast period due to the change in the country's construction sector. Increased demand for energy-effi

Cardiovascular Ultrasound Industry Overview   The global cardiovascular ultrasound market size was valued at USD 1.3 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2028.  A rise in penetration of preventive medicine and increasing prevalence of Cardiovascular Diseases (CVDs) are expected to propel the market growth. The COVID-19 pandemic hampered the global market growth as outpatient imaging services were adversely affected. Cardiovascular diseases, such as coronary heart disease, heart attack, and stroke, are among the major causes of death in the U.S. Changing lifestyle has increased predisposition to CVDs. For instance, according to the CDC, in 2017, 28.2 million adults were diagnosed with heart disease in the U.S. Ultrasound technology is used to check abnormalities in the functioning of the heart, such as pumping capacity of the heart, functioning of valves, and plaque in the heart.  These devices act as important diagnosti

Brushless DC Motor Industry Overview The global brushless DC motor market size was valued at USD 17.1 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028.  The ability of Brushless DC (BLDC) motors to save energy and increase the operational efficiency of equipment in which they are used is expected to drive the growth of the market over the forecast period. These motors offer optimum efficiency and reliability at the same time, which proves to be economical in the majority of applications, such as window lifters, air conditioners, and sun-roof actuators. These motors are thermally resistant, require low maintenance, and operate at low temperatures, eliminating any threat of sparks. The emergence of sensor-less controls for BLDC type is likely to boost the durability and reliability of the product, thereby reducing the number of mechanical misalignments, electrical connections, as well as the weight and size of the end product. T

Biobanks Industry Overview The global biobanks market size was valued at USD 66.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030. High investments in the R&D of advanced therapies, such as regenerative medicine, personalized medicine, and cancer genomic studies, are driving the space. Moreover, the onset of COVID-19 has put biobanks at the forefront of the pandemic control measures, resulting in the organic revenue growth of the market. The COVID-19 outbreak had a major influence on the biobanking industry. Biobanking is important for the diagnosis & production of medicines for a variety of disorders. International initiatives to produce vaccines and other medicines to prevent the spread of the virus have been urgently needed. The collection, processing, and analysis of patient samples are at the frontline of this crisis. For example, the Health Minister announced EUR 2 million in financing for the National Irish C

Automated Test Equipment Industry Overview The global automated test equipment market size was valued at USD 6.87 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.3% from 2021 to 2028. The growth is driven by the use of Automated Test Equipment (ATE) in the automotive and semiconductor industry. Significant increase in the number of connected devices and consumer electronics along with an increasing focus of the companies on quality improvement along with end-to-end testing solutions is expected to further drive the market. Implementation of ATE in semiconductor manufacturing companies to enhance the performance capability, speed of operation, and in turn, reduce the cost of semiconductor devices is expected to positively influence the growth. Increasing adoption of System on Chip (SoC) and high demand for consumer electronics is expected to be the key driving force for the ATE market over the forecast period. Growing electronic components in th

Antimicrobial Additives Industry Overview The global antimicrobial additives market size was valued at USD 2.65 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030. The rising population and rapid urbanization in emerging economies of Asia Pacific are likely to boost the growth of the end-use industries, which, in turn, is expected to escalate the product demand over the forecast period. The product demand is expected to increase majorly in the healthcare and packaging application industries. Rising demand for healthcare and packaging products, due to the growing number of COVID-19 cases around the world, is projected to support the market growth. The Asia Pacific is expected to dominate the global market on account of the strong presence of the major healthcare product manufacturers. Gather more insights about the market drivers, restrains and growth of the Global Antimicrobial Additives market After the pandemic, Japan, Indi

Aluminum Curtain Wall Industry Overview The global aluminum curtain wall market size was valued at USD 31.9 billion in 2019 and is expected to witness a CAGR of 9.6% from 2020 to 2027. The market is expected to witness an incremental growth in demand, owing to growing needs to secure outside walls of business structures, including industrial facilities and workplaces. Aluminum curtain walls are used in several types of residential and commercial buildings to resist air and water infiltration, support its own dead load weight forces, and withstand wind loads. The market for aluminum curtain walls is expected to witness considerable growth, owing to the growing demand for lightweight curtain walls in construction projects and the shift toward low-cost metals with high sustainability. Increasing demand for energy-efficient curtain walls is expected to spur the growth of the market for aluminum curtain wall over the forecast period. Commercial buildings and sports arenas have high energ

Alginate Industry Overview The global alginate market size was valued at USD 728.4 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2021 to 2028. The market is expected to witness significant growth owing to the increasing product demand in the food applications as a thickening agent, emulsifier, and gelling agent. Increased acceptance from the food industry and higher demand for natural ingredients are the key drivers for product demand. In addition, regulatory grants received from various organizations like the U.S. Food & Drug Administration (FDA) and the European Commission are expected to drive the growth of the global market. Globally, U.S. is one of the leading markets with high product penetration across the pharmaceutical application industry. The wound care market in the country is considerably developed and uses alginate in several advanced wound care products. The use of calcium and sodium alginate fibers for wound care is

Voice and Speech Recognition Industry Overview The global voice and speech recognition market size was valued at USD 14.42 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 15.3% from 2022 to 2030. The market is anticipated to be driven by technological advancements and the rising adoption of advanced electronic devices. Voice-activated biometrics used for security purposes help in providing access to authenticated users for performing a transaction. The growing use of voice biometrics is among the major factors driving the market growth. The increasing demand for voice-driven navigation systems and workstations is impelling growth in the hardware and software segments. Gather more insights about the market drivers, restrains and growth of the Global Voice and Speech Recognition Market The integration of voice-enabled in-car infotainment systems is gaining popularity across the globe as several countries initiate “hands-free” regulations that go

U.S. Concrete Floor Coatings Industry Overview The U.S. concrete floor coatings market size was valued at USD 304.8 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.3%.  Rising demand for coatings as a protective medium in the flooring sector is projected to be a favourable factor driving the market growth. Concrete floor coatings are used for providing high-temperature resistance to indoor and outdoor areas as well as for protecting floors in commercial and residential buildings against wear & tear. These products are also used for protecting the floors of non-building structures in power, metal, and environmental protection industries. The growth of the U.S. construction sector coupled with the positive outlook towards manufacturing sectors is anticipated to boost the demand for concrete floors, which, in turn, will have a positive impact on the market development. Furthermore, the rising demand for residential, commercial, and industrial st

Omega 3 Industry Overview The global omega 3 market size was valued at USD 2.10 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.8% from 2020 to 2028. Major factors responsible for increased product consumption include rising occurrences of Cardiovascular Diseases (CVDs) and changing dietary habits. The rising importance of immunity development post-COVID-19 pandemic has further strengthened the driving force for the market. The rising inclusion of omega 3 ingredients in the diet to support heart and brain health is expected to boost product demand. A sedentary lifestyle, work-from-home trend, and lack of physical activity, particularly between the age group of 30 and 40 years are expected to result in rising product demand. In addition, increasing consumer investment in healthcare and wellbeing is likely to fuel the growth of the market. Rising cases of obesity and heart-related issues in the U.S. are expected to increase the demand for DHA. As p

Gas Turbine Services Industry Overview The global gas turbine services market size was valued at USD 26.0 billion in 2019 and is projected to register a CAGR of 9.8% over the forecast period. The rise in environmental concerns owing to the high amount of carbon emissions from coal-based power generation has resulted in the adoption of low carbon emission power generation technologies such as natural gas-powered turbines. This eventually results in the rise in demand for services of these gas turbines globally. Although natural gas-powered turbines are expected to gain popularity globally, particularly in the North American and European regions, emerging economies in the Asia Pacific such as India and China still rely on coal-based power generation owing to its lower costs. This factor is expected to hinder new gas turbine sales and maintenance contracts in the region in the future. Moreover, limited natural gas reserves are expected to restrict the growth of the market in the coming

Antibiotics Industry Overview The global antibiotics market size was valued at USD 40.7 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2021 to 2028. The rising prevalence of infectious diseases and supportive government legislation are the major drivers of the market. Moreover, an increase in antibiotic resistance infections due to misuse or overuse of antibiotics is expected to shift the prescription patterns to novel therapies to treat bacterial infection. According to the CDC, the incidence of antibiotic-resistant infections is more than 2.8 million in the U.S. The pathogens such as Enterobacteriaceae, P. aeruginosa, and K. pneumoniae have a high resistance rate of an average of 40% in developed countries. The increased efforts of pharmaceutical companies for the development of novel therapies to treat infectious diseases are expected to drive the market over the forecast period. According to Pew Charitable Trust, in December 2019,

U.S. Liquid Waste Management Industry Overview The U.S. liquid waste management market size was valued at USD 25.62 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 1.5% from 2020 to 2027. Rising concerns regarding the improper disposal of liquid waste causing pollution, environmental toxicity & degradation, and soil contamination are expected to drive the market growth. An approximate estimate of global wastewater production is about 1,500 km3 per day, and over 2 million tons of waste is discharged to receiving water per day, with the U.S. accounting for a large share. A majority of this arises from industrial manufacturing operations and often contains chemical compounds or other toxic materials unsuitable for the environment or human and animal health. Industrial chemical waste poses serious threats, such as potential radiation risks or potential biological organisms, which are likely to result in epidemic breakouts in the U.S. Liquid waste t