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Showing posts from September, 2020

Metal Finishing Chemicals Market Likely To Touch At $13.52 Billion By 2025: Grand View Research Inc.

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  The global metal finishing chemicals market size is expected to reach USD 13.52 billion by 2025 , according to a new report by Grand View Research, Inc. it is anticipated to expand at a CAGR of 4.5% during the forecast period. Increasing consumption from end use industries, such as automotive, aerospace, construction, and electrical and electronics coupled with the ability of these chemicals to impart superior properties on a metal surface is expected to drive the product demand. Demand across the organic chemicals sector shall register a slump in growth albeit increasing demand for certain chemicals that find end applications in healthcare and food. Furthermore, China, a major supplier of chemicals to the world, registered a considerable decline in manufacturing in the first quarter of 2020, following the trajectory unfolded by COVID-19's escalation to a pandemic. This has led to an imbalance in supply-demand dynamics, forcing manufacturers and customers alike to renegotiate

Americas Strapping Materials Market Likely To Touch At $2.24 Billion By 2025: Grand View Research Inc.

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  The Americas strapping materials market size is expected to reach USD 2.24 billion by 2025 , according to a new report by Grand View Research, Inc., at a CAGR of 4.0% during the forecast period. Using lightweight plastic strapping results in cost efficiency as it reduces logistical expenses in the food and beverages as well as industrial logistics and warehouse sectors, which is expected to drive the market. The global COVID-19 pandemic has led to a sudden pause to manufacturing activities across the globe, affecting the demand for plastics and also production & processing of them. The most critically impacted end-use segments of the plastics industry include automotive & transportation, consumer goods, industrial equipment, construction, and electronics. The report will account for Covid19 as a key market contributor. Industries such as pharmaceutical, textile, consumer electronics, and household appliances use strapping materials as a packaging solution. Growth in imp

Potato Protein Market Likely To Touch At $104.47 Million By 2025: Grand View Research Inc.

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  The global potato protein market size is projected to reach USD 107.47 million by 2025 expanding at a CAGR of 4.3% from 2019 to 2025 , according to a new report by Grand View Research, Inc. Increasing popularity of potato protein due to its high nutritional value and benefits, such as improved digestive health, strength, and controlled blood sugar, is expected to drive the market over the forecast period. Increasing product usage as a food supplement will also boost the market growth. The demand for nutraceuticals & functional foods is expected to witness an upward surge owing to consumers opting for immunity boosting supplements during the COVID-19 pandemic. Furthermore, a decline in the consumption of poultry, meat and seafood products across the globe is expected to increase the demand for plant and animal-based protein supplements in the near future. The report will account for Covid19 as a key market contributor. Isolates type segment accounted for the largest market s

Soy Flour Market Size Is Poised To Reach $3.7 Billion By 2025: Grand View Research Inc.

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  The global soy flour market size is expected to reach USD 3.7 billion by 2025 , according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.5% over the forecast period. Increasing demand for gluten-free and high nutritional value flour in the food industry is propelling the demand for soy based flour. In addition, growing vegan population is one of the key factors boosting the demand for the product as it is the best meat substitute available in the market. These factors are anticipated to ensure the significant growth of the market over the forecast period. Amidst the global pandemic crisis and the indefinite lockdown across nations, the consumer food & beverage industry first witnessed high demand for household staples, healthy food items, and consumables with longer shelf lives. The demand for frozen food products, fruits & vegetables, eggs, flour, and whole grains, among others, witnessed a considerable increase during the early stages of the cris

Kenaf Seed Oil Market Size Is Poised To Reach $257.3 Million By 2025: Grand View Research Inc.

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  The global kenaf seed oil market size is expected to reach USD 257.3 million by 2025 , according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. Presence of various bioactive compounds including tannins, alkaloids, saponins, steroids, essential oils, and fatty acids in kenaf seed oil is expected to promote the product’s utility as a functional ingredient in the formulation of biofuels in the near future. The demand for nutraceuticals & functional foods is expected to witness an upward surge owing to consumers opting for immunity boosting supplements during the COVID-19 pandemic. Furthermore, a decline in the consumption of poultry, meat and seafood products across the globe is expected to increase the demand for plant and animal-based protein supplements in the near future. The report will account for Covid19 as a key market contributor. Biofuel and lubricants held the largest share in 2018 and are expected to expand at th