Market Research Report Insights

The global  solar tracker market  is anticipated to reach USD 7.35 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 14.1% during the forecast period. Increasing demand for photovoltaic cells and favorable government regulations in most regions across the globe is expected to drive the growth. Rising prices of electricity are also anticipated to fuel the growth in the forthcoming years. North America and Europe held considerable market share in the past and are expected to drive the growth in the future as well due to growing installed capacities. Moreover, supportive regulations for installation and increasing R&D for improvement of the technology are also projected to propel the market. Growing purchase rate of solar trackers is an opportunity for the manufacturers to achieve economies of scale. Moreover, increasing efforts by the producers to expand product portfolio and strengthen their market is antic...

The global  oleochemicals market  is projected to reach USD 28.6 billion by 2025, according to a new report by Grand View Research, Inc. The global market is anticipated to be driven by growing biochemical product demand in various consumer applications such as personal care, detergents, and food & beverages. Escalating supply-demand gap along with overcapacity issues especially in the Southeast Asian countries such as Indonesia and Malaysia are expected to hinder oleochemicals market growth over the forecast period. Technological innovations and significant developments in the downstream sectors are expected to create lucrative opportunities for industry participants. Fatty acids were the leading oleochemical product consumed and accounted for over 55% of total market volume in 2016. Increasing penetration of fatty acids in personal care products is expected to drive this segment over the forecast period. Glycerol is expected to witness the highest growth of 5.7% ove...

The  India reflective tapes market  size is likely to reach USD 304.9 million by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 2.7% during the forecast period. Increasing product usage in automobiles, driveways, airports, shipyards, home appliances, and safety clothing is expected to propel the market. Specific regulations regarding the use of reflective materials for vehicles, by the Regional Transport Office (RTO), to avoid accidence is estimated to bolster the demand for the product in automotive applications. In addition, several regulations from the Indian government for enhancing safety in Indian roadways and industrial facilities is anticipated to escalate the growth of the market. Rising traffic management complications coupled with increasing number of road accidents have led the Indian government to improve country’s road infrastructures, thereby enhancing safety for both vehicles and people. Repair and maintenance are co...

The  U.S. coated steel market  size is expected to reach USD 41.04 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to witness a CAGR of 9.3% during the forecast period. Increasing investments in the development of new infrastructure in U.S. building and construction industry are expected to propel the demand for coated steel. Single-family housing holds a major share of the U.S. residential construction sector. However, the economy has witnessed a significant increase in the development of multi-family construction in recent past. In U.S., the number of completed housing units increased by 1.9% in May 2017 in comparison to May 2016. Strong rise in demand for vehicles is also expected to augment growth of the U.S. coated steel market. Automotive sector generates the maximum employment in the country. For example, in January 2018, it was announced that Mazda Toyota Manufacturing, U.S.A., Inc. is building of a new vehicle assembly plan...

The global  solder materials market  size is anticipated to reach USD 1.41 billion by 2025 expanding at a CAGR of 3.4%, according to a new report by Grand View Research, Inc. Rising demand for advanced consumer electronics and resultant rise in gadget repair and refurbishing activities is expected to boost the demand for soldering processes. Introduction of lead-free solders due to stringent regulations against the lead toxicity is expected to propel the industry growth over the forecast period. Rising usage of new solid-state semiconductor technologies in consumer and industrial applications is also anticipated to support the market development. The nano-paste and sub-micron particles are expected to gain traction due to characteristics, such as lower melting point temperatures, large surface energy, large surface area per unit volume, and super magnetism. The usage of low-cost, non-patented alloy formulations in place of patented products is predominant in the industry. H...

The  North America sodium bicarbonate market  size is expected to reach USD 455.3 million by 2025, according to a new report by Grand View Research, Inc., registering a 1.8% CAGR during the forecast period. Growing demand from end-use industries, specifically from the animal feed industry, is likely to propel market growth. Sodium bicarbonate is an inorganic chemical and has various end-use applications. It has wide applicability as an abrasive agent in soda blasting, which is used for removing surface coatings, and as a source of carbon dioxide in chemical manufacturing. It is also used to maintain the pH level of water and neutralizes its acidity. Animal feed and food and beverages are the two most common application segments of sodium bicarbonate. The product is also used as a leavening agent in baking. Growing awareness in developing countries, such as India and China, regarding the impact of wastewater on human health is also expected to propel demand for wastewater ...

The global  reclaimed lumber market  size is expected to reach USD 16.09 billion by 2025 expanding at a CAGR of 4.6%, according to a new report by Grand View Research, Inc. Growth in the demand for recycled wood furniture on account of low cost and environmental benefits will drive the global market over the forecast period. Various government mandates and rising cost of landfill space to reduce waste have encouraged the wood waste recovery. The industry has registered a notable change from the reclamation of salvaged wood with little or no flaws to the recovery of higher-value applications, including doors, wall panels, and fences to increase the recovery value percentage. Reclaimed lumber exhibits superior quality than the sustainable harvested wood and virgin timber, but is available at a higher price as compared to its counterparts. In addition, the industry witnesses a significant demand-supply gap, which leads to a high consumption of the substitute products, thereby ...

The global  eyewear market  size is expected to reach USD 215.30 billion by 2025, at a CAGR of 7.6% over the forecast period, according to a new report by Grand View Research, Inc. Surging demand for premium and personalized eyewear is expected to drive the growth. Advancements such as 3D printed eyeglasses, electronic focusing glasses, and Augmented Reality (AR) glasses have enabled manufacturers to introduce multiple categories of eyewear products best-suited for buyers. Vendors are making huge investments in R&D to introduce innovative products that meet the functionality and design needs of customers. Development of electronic focusing eyeglasses, aimed at reducing the need for multiple bifocals and omnifocals, is expected to garner wide acceptance among consumers. Adoption of these eyeglasses is expected to offer high growth opportunities to the traditional eyewear providers. One of the emerging trends in the wearable segment includes the use of AR smart glasses,...