Metalworking Fluids Market Demand Analysis, Trends in 2021, Growth Status, Industry Share, Opportunities and Challenges to 2026

The Global Metalworking Fluids Market size to touch USD 14.31 billion in terms of revenue by 2026, exhibiting a CAGR of 4.3% during the forecast period, the value of the market was at USD 10.24 billion in 2018.

Metalworking Fluids Market Drivers:

Rapid development of the transport industry will be a major force driving the growth of this market. Transport systems play a central role in the economic development of a country. Not only do they facilitate efficient movement of goods and people by linking different parts of a nation, but also generate jobs and increase productivity of the other factors of production. Steady rise in the rate of urbanization is the main factor fueling this industry. For instance, the UN predicts that around two-thirds of the world population will be living in urban areas by 2050. Furthermore, the World Bank states that close to 2 billion vehicles will hit the roads by 2050. Metalworking fluids are critical in manufacturing components for different transport vehicles and, therefore, growth of the transport industry will accelerate the metalworking fluids market revenue during the forecast period.

List of Top Key Players in Metalworking Fluids Manufacturers :

  • BP plc.
  • Henkel
  • Lubrizol
  • Exxon Mobil Corporation
  • Castrol
  • Fuchs Petrolub SE
  • Quaker Chemical Corporation
  • Total S.A.
  • Exxon Mobil Corporation
  • Houghton International Inc.

 

Long-term Benefits of Metalworking Fluids to Positively Impact Their Adoption Rate

One of the prominent metalworking fluids market trends is the well-known benefits that these substances offer. For example, metal cutting fluids lubricate and provide a covering for the work-piece tool at the point where it touches other metals. This ensures that seizures and galling does not occur and a smooth surface finish is assured. Further, since these fluids reduce friction, they lower energy consumption, which makes these materials energy-efficient. Moreover, cutting fluids act as coolants for tools and do not let their temperature go above the critical value beyond which the tools harden and their rate of wear goes up. Owing to these advantages, metalworking fluids find wide applicability in a variety of industries, including aerospace, defense, and agriculture.

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Determined Efforts to Increase R&D Capacities by Players to Spur Competition

The metalworking fluids market analysis shows that competition in this market is likely to get intense owing to the increasing investment made by key players to enhance their R&D capabilities. Developing novel solutions would aid companies to firmly entrench their position in the market through wide product offerings.

Strong Economic Growth in India and China to Propel the Market in Asia-Pacific

Asia-Pacific is set to dominate the metalworking fluids market share on account of speedy development in the manufacturing sectors of China and India. Additionally, active efforts by governments of these and other Southeast Asian countries to promote manufacturing industries will bode well for this market. Lastly, increasing demand and consumption of automobiles will further fuel the market in this region.

The metalworking fluids market size in North America was USD 2.82 billion in 2018 and the region is anticipated to rise at a robust pace throughout the forecast period. A well-established automotive manufacturing sector in European countries will feed the growth of this market in the continent. Slower growth is foreseen in Latin America and the Middle East & Africa owing to low consumer demand.

Spa Industry Trends in 2021, Size, Industry Revenue, Growth Insights to 2027 | Industry Exclusivity by Fortune Business Insights™

The global spa industry size is expected to reach USD 133.28 billion by 2027, exhibiting a CAGR of 4.1% during the forecast period. The emphasis on enhanced customer experience and relationship in spa services can be an essential factor augmenting the growth of the market, states Fortune Business Insights, in a report, titled “Spa Market Size, Share & COVID-19 Impact Analysis, Facility Type (Day, Hotel/Resort, Medical, and Others), Service (Massage, Beauty/Grooming, Physical Fitness, and Others), End-user (Women and Men), and Regional Forecast, 2020-2027.” The market size stood at USD 105.18 billion in 2019.

The coronavirus incident has led the world to a complete halt. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. Some industries are struggling and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

spa services industry Driving Factors:

Flourishing Tourism Industry to Improve Business Prospects

The increasingly hectic lifestyle has influenced the need for body and mind wellness, which, in turn, will foster the growth of the market. The number of tourists seeking spa treatment during their travel time can be an essential factor accelerating the revenue of the industry. As per data released by the Global Wellness Institute in 2018, the number of wellness trips increased from 691 million in 2015 to about 830 million in 2017.

The growing attractiveness towards destination spas among couples will consequently spur opportunities for the market. The growing demand for quick spa facilities at airports such as XpressSpas will promote the growth of the market. Similarly, ship/cruise-based facilities offered by OneSpaWorld is expected to foster healthy growth of the market soon. Additionally, the rising mindfulness for health and wellness will facilitate the market in the forthcoming years.

Disruption in Hospitality Industry to Severely Affect Spa Business During COVID-19

The imposition of stringent regulations by the government to curb the spread of the infection will impede the hotels and hospitality sector during the forecast period. The rules involving physical distancing along with masks and gloves to avoid virus transmission can limit the customers, in turn, dwindling market growth. The services including body massage and facials must follow the rules implemented by the government during operations. The tourism industry has hit the bottom threshold due to lockdown rules. For instance, the OneSpaWorld closed all its destination resort facilities in the U.S and Caribbean region. The company officials declared an estimated loss of US$ 35 million in the first quarter of 2020 due to the pandemic.

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List of the Leading Companies Profiled in the spa industry Research Report are:

  • Hyatt Hotels Corporation (Chicago, U.S.)
  • Four Seasons Hotel Limited (Toronto, Canada)
  • Marriott International, Inc. (Maryland, U.S.)
  • Hilton Hotels & Resorts (McLean, U.S.)
  • OneSpaWorld Holdings Limited (Coral Gables, U.S.)
  • Siam Wellness Group (Bangkok, Thailand)
  • InterContinental Hotels Group plc (Denham, U.K.)
  • Massage Envy (Scottsdale, U.S.)
  • Kempinski Hotels S.A. (Geneva, Switzerland)
  • Brenners Park-Hotel & Spa (Baden-Baden, Germany)

Regional Analysis:

Rising Number of Massage Centers to Influence Growth in North America

The market in North America is expected to witness a rapid growth rate during the forecast period owing to the growing number of luxurious massage services and facilities in the US. The inflated demand for full body massage and beauty treatments in the U.S. and Canada will support the growth of the market in North America. According to the American Massage therapy Association’s ‘Massage Profession Research Report 2019’, in the U.S., about 47.5 million people had a total of 214 million massages in 2018, where about 33% of messages were offered through the spa. This number increased from 179 million massages availed by 47.1 million people in 2017. Europe is expected to lead the global market in the forthcoming years owing to the increased spending on health and wellness. The rising awareness about body and mind will spur opportunities for the market in Europe. The well-established travel and tourism industry is expected to contribute to the growth of the market in Europe.

Cross Laminated Timber Market Global Size Overview, Growth Drivers, Industry Share and Forecast to 2027

The global Cross Laminated Timber Market size is projected to reach USD 2,062.2 million by the end of 2027. The increasing construction and building activities will create several growth opportunities for the companies operating in the market. The market was worth USD 756.9 million in 2019 and will exhibit a CAGR of 13.7% during the forecast period, 2021-2027.

 

Cross laminated timber is a type of engineered wood that is used in applications that require product with higher load handling capabilities. The product is engineered with three layers of solid-sawn wood that are bind together with an adhesive or mechanical pressure. This is mainly done to increase the rigidity of the product and used in heavy-weight applications. The product was initially developed in the Alpline countries of Europe and is gaining rapid popularity in North America as well as Asia Pacific. The increasing investment in the development of efficient products, driven by increasing applications of the product across diverse industries, will have a positive impact on the growth of the market in the coming years. The favourable properties of cross-laminated timber such as good acoustic and thermal insulation will fuel the demand for the product across the world.

Increasing Efforts taken to Maximize the Production of CLT Will Aid Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. It highlights a few of the key strategies adopted by major companies and discusses their impact on the overall market. Due to the increasing demand for CLT across the world, several large scale companies are looking to increase the production capacity of this material through the integration of advanced technologies. In December 2019, Structurlam Mass Timber Corporation announced that it has expanded its operations in the United States. The company announced that it has begun the construction of its new manufacturing plant in Conway, Arkansus. The company claims that this plant will improve its production capacity and will open by the end of 2021. The company stated that it has invested around USD 90 million in the manufacturing plant with a view to addressing the massive product demand in the southern, eastern, and central parts of the United States.

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List of Key Companies Profiled in the Cross Laminated Timber Market Research Report are:

  • Stora Enso (Finland)
  • Mayr Melnhof Holz Holding AG (Austria)
  • Binderholz GmbH (Austria)
  • Xlam Ltd. (Australia & New Zealand)
  • Sterling Company (USA)
  • Schilliger Holz AG (Switzerland)
  • KLH Massivholz GmbH (Austria)
  • B&K Structures (UK)
  • Eugen Decker Holzindustrie KG (Germany)
  • Structurlam Mass Timber Corporation (Canada)
  • Smartlam NA (USA)
  • APA - The Engineered Wood Association (USA)
  • Katerra (USA & India)
  • IB EWP Inc. (Canada)
  • Nordic Structures (Canada)
  • Other Key Players

Regional Analysis

Europe Accounted for the Highest Share; Increasing Construction Activities Will Provide Impetus to Market Growth

The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Europe is projected to emerge as the dominant region in the coming years. The increasing construction activities will lead to a wider product adoption, subsequently creating several growth opportunities for the companies operating in the market. Driven by the massive demand for the product, the market in Europe accounts for around 65% of the overall market share. As of 2019, the market in Europe was worth USD 466.48 million and this value is projected to increase further in the coming years. The market in North America will witness considerable growth owing to the huge adoption of locally manufactured CLT.

Paints and Coatings Market Business Opportunities, Growth Insights, Trends, Size to 2026

The Global Paints And Coatings Market report expected to reach $236.1 billion by the end of 2026, the market valued USD 146.5 billion in 2018. Driven by the huge demand for the product across diverse industries, the Paints and Coatings Market will exhibit a CAGR of 6.2% during the forecast period, 2019-2026.

Paints and coatings are widely used across diverse industries. The product is used in interior as well as exterior parts of all infrastructures. The demand for these products has risen dramatically in recent years. Advances in paints and coating manufacturing methods have emerged in favor of market growth. The growing construction industry in several countries across the world will aid the growth of the market in the forthcoming years. Increasing use of the product in public infrastructure projects, coupled with the efforts put in by governments will contribute to the growth of the market.

The report encompasses several factors that have contributed to the growth of the global Paints and Coatings Market in recent years. It highlights major industry developments and gauges the impact of these developments on the market. It analyzes key aspects of the market, with a primary focus on leading products, major applications, and leading companies. The competitive landscape has been discussed in detail. 

Top Players Profiled in Paints and Coatings Industry are Mentioned Below:

  • PPG Industries, Inc.
  • Axalta Coating Systems
  • Nippon and Kansai (Kansai Paint Co.,Ltd. )
  • AkzoNobel
  • Kwality Paints and coatings Pvt. Ltd. (KPCPL)
  • Kansai Nerolac Paints Limited
  • NIPSEA GROUP
  • The Sherwin-Williams Company
  • Jotun
  • Nippon Paint Holdings Co., Ltd.
  • RPM International Inc.
  • TIKKURILA OYJ
  • S K Kaken Co., Ltd
  • Dunn-Edwards Corporation

To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/industry-reports/paints-and-coatings-market-101947

 

Rising Construction Activities to Spur Sales Opportunities

The rising utilization of coating in the protection of buildings & infrastructures from corrosion will bolster the healthy growth of the market. The growing adoption of architectural coatings in interior and exterior house paints, sealers, primers, varnishes, and stains will enable speedy expansion of the market. The growing cognizance about the advantages of coatings such as less-VOC and odorless, high-scrub resistance, semi-gloss sheens will contribute positively to the growth of the market.

Regional Analysis:

Heavy Demand from Residential Sector to Augment Growth in Asia Pacific

The market in Asia Pacific is predicted to grow rapidly during the forecast period. The growth in the region is attributed to the booming construction and automotive industry in China, Japan, and India. The growing demand for paints & coatings in the residential and non-residential infrastructures will have a positive impact on the market. The increasing inclination towards walls, windows, and furniture will spur opportunities for the market during the forecast period. The booming automotive industry is likely to aid the expansion of the market in Asia Pacific.

Europe is predicted to rise exponentially in the forthcoming years owing to the increasing demand from the automotive industry. The well-established automotive industry will enable growth in the region. North America is predicted to rise tremendously during the forecast period owing to the remodeling and refurbishing of existing infrastructures in the region. The increasing technological advancement and growing disposable income are factors predicted to further boost the market in North America.

Hair Removal Products Market Share, Industry Growth, Trends, Business Opportunities, Challenges, Growth Insights to 2026

The global hair removal products market size is expected to showcase a significant growth by reaching USD 4.94 billion by 2027 while exhibiting a CAGR of 4.3% between 2020 and 2027. This is attributable to the increasing awareness regarding personal hygiene among women and men that is propelling the sales of these products across the globe.

DRIVING FACTORS

Increasing Focus on Personal Hygiene to Promote Growth

The hectic lifestyle and the increasing stress levels among the working population are propelling the demand for personal care products. Owing to increasing fashion and style among the young population, the adoption of personal grooming products is experiencing tremendous growth to enhance their appearance among the peer. The growing trend to maintain personal hygiene and appear attractive amongst both women, as well as men is expected to drive the global hair removal products market in the forthcoming years.

COVID-19 Surges Online Purchases Across E-commerce Websites

The COVID-19 pandemic has led to the people being confined at their home spaces to contain the widespread effect of the novel coronavirus. With salons, barbers, and beauty parlors shut owing to the lockdown imposed by the government agencies, the e-commerce websites are experiencing a massive surge in purchase of grooming products. According to the Paytm Mall, the demand for products of hair removal has surged by 50% than pre-COVID times. The pandemic situation is expected to bode well for the growth of the market in the near future.

A hair removal product is widely adopted to remove unwanted hair over cheeks, legs, back, chin, feet, upper lip, and other body parts. There are several methods to remove unwanted hair, however, these products provide the best results that are cost-effective and leave the skin with a soft and shiny glow. Removing unwanted hair has becoming a part of the skincare regime with remarkable innovations in hair removal technology such as the adoption of laser, and intense pulsed light (IPL) that is gaining recognition among the people across the globe.

 

 

 

SEGMENTATION

Creams Segment Held a Market Share of 38.28% in 2019 Owing to its Multiple Benefits

The segment creams, based on product, held a market share of 38.28% in 2019 and is likely to experience a significant growth owing to the increasing demand for cream-based hair removal products that provides multiple benefits such as effective hair removal, and healthy moisturizing skin.

 

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List of the Leading Companies Profiled in the Global Hair Removal Products Market are:

  • Cynosure, LLC. (Westford, MA, USA)
  • Solta Medical, Inc (Bothell, Washington, USA)
  • Lumenis (Yokne'am Ilit, Tsafon,Israel)
  • Alma Lasers International (Israel)
  • Candela Corporation( Wayland, Massachusetts, USA)
  • Venus Concept (Toronto, Ontario, Canada)
  • Hologic, Inc (Marlborough, MA, USA)
  • Braun GmbH (Germany)
  • Koninklijke Philips N.V., (Amsterdam, Netherlands)
  • Samsung Electronics Co Ltd (Seoul, South Korea)

REGIONAL INSIGHTS

High Women Employment Rate in Europe to Aid Growth

Among all the regions, Europe stood at USD 1.45 billion in 2019 and is expected to hold the highest position in the global hair removal products market. This dominance is attributable to the increasing women employment rate that is driving the growth of these products in the region. The market in Asia-Pacific is expected to experience an exponential growth in the forthcoming years. This is ascribable to factors such as the rising youth population that propels the demand for personal hygiene and grooming products in countries such as India and China.

Antimicrobial Textiles Market Growth, Size, Share, Trends, and Business Opportunities to 2026

The global antimicrobial textiles industry size is projected to reach USD 13.89 million by 2027 on account of the increasing demand for hygiene worldwide. Antimicrobial agents are additives used on textile materials to prevent the growth of microorganisms on the fabric material. These agents can be introduced to the fabric via dyes and inks at the time of spinning or extrusion.

Competitive Landscape

Players Investing in New Products to Gain Traction during COVID19 Pandemic

The competitive landscape of the market is consolidated in nature with BioCote Limited, Milliken & Company, BASF, and Trevira GmbH holding significant antimicrobial textiles market shares. Vendors operating in this market are focusing on attracting more revenue in this time of the COVID19 pandemic by offering products that can fight back germs and kill them. Therefore, players are investing heavily in the development and manufacturing of Antimicrobial Textiles products.

The breeding and growth of microbes on the fabric depend upon the properties of the absorption of the fabric. A recent report by Fortune Business Insights, titled “Antimicrobial Textiles Market Size, Share & Industry Analysis, By Agents (Synthetic Organic Compounds, Bio-Based Compounds, Metal & Metallic Salts and Others), By Fabric (Cotton, Polyester, and Others), By Application (Home, Commercial, Medical, Apparel, Industrial, and Others) and Regional Forecast, 2020-2027,” offers a thorough analysis of the market. According to this report, the market value stood at USD 9.23 billion in 2019 and will rise at a CAGR of 5.3% between 2020 and 2027.

 

Market Drivers:

Increasing Awareness about Personal Cleanliness will Augment Growth

The healthcare industry is the largest consumer of this market with an increasing emphasis on personal and environmental hygiene. The increasing need to maintain high cleanliness standards especially in products such as bed and linens, dressings & bandages, curtains, surgical gowns, and others for the prevention of microbial growth is promoting the global antimicrobial textiles market growth. Furthermore, the booming sports industry and increasing preference for personal health, fitness, and cleanliness will increase demand for sports apparel, thereby creating lucrative growth opportunities for the market in the years to follow.

Browse Detailed Research Insights with Table of Content: https://www.fortunebusinessinsights.com/antimicrobial-textiles-market-102307

 

List of Packaged Substation Market Manufacturers include:

  • The Dow Chemical Company
  • DuPont
  • Milliken & Company
  • Sanitized AG
  • PurThread Technologies, Inc.
  • Trevira GmbH
  • Biocote Limited
  • UNITIKA LTD.
  • BASF SE
  • Microban International, Ltd.
  • Herculite
  • Other Players

Regional Segmentation:

North America to Continue Dominance Owing to Increasing Awareness About Personal Hygiene

Geographically, North America is holding the largest share in the market attributed to the increasing awareness among consumers regarding the spread of various infectious diseases and the importance of personal hygiene. Additionally, the presence of advanced medical and healthcare facilities, coupled with the ongoing advancement in biotechnology will result in the commercialization of new and improved products, thus helping this region continue dominating the market in the forecast period.

On the other side, the market in the Asia Pacific is likely to witness stable growth with revenue of USD 1,980.8 million generated in 2019. Growth of this region is attributed to the large scale demand from rising economies such as South Korea, India, and China with China emerging as the largest consumer of microbial fabrics.

Aluminum Curtain Wall Market Growth Drivers, Size, Industry Revenue, Business Forecast to 2026

The global aluminum curtain wall market size is expected to reach USD 62.22 billion by 2027,exhibiting a CAGR of 8.0% during the forecast period. The increasing awareness regarding the advantages of ACW in buildings such as temperature control, sound insulation, and impact resistance will accelerate the Aluminum Curtain Wall growth during the forecast period. The modernizing of existing buildings will spur demand for aluminum curtains owing to its eco-friendly nature and flexible design, which, in turn, will augur well for the market, the market size stood at USD 33.76 billion in 2019. The inclination towards aluminum due to its recyclable functionality will enable speedy expansion of the market. For instance, in the U.K. over 99% of aluminum frames are recovered from construction waste, which helps in waste reduction and thus, supports the environment.

 

 

List of the Key Companies Operating in the Aluminum Curtain Wall Manufacturers are:

  • ALUMIL S.A.
  • Reynaers Aluminium
  • ALUTECH
  • EFCO Corporation
  • Kawneer Company Inc.
  • TECHNAL
  • HUECK System GmbH & Co.KG
  • ETEM Group
  • HansenGroup Limited
  • Schüco International KG
  • Qingdao Longxiang Building Materials Co., Ltd.
  • Toro Group of Companies
  • Alimicor Limited
  • GUTMANN Bausysteme GmbH
  • Aluplex
  • Sanwa Tajima Corporation
  • GEUSTYN & HORAK
  • Other Key Players

Browse Summary of this Research Insights with Detailed TOC: https://www.fortunebusinessinsights.com/aluminum-curtain-wall-market-102782

Market Driver:

Rising Investment in Aluminum Extrusion by Key Players to Boost Sales Opportunities

Aluminum extrusion is utilized in the manufacturing of curtain walling systems. The rising investment by eminent companies to expand their existing Aluminum extrusion capacities will positively impact the market in the forthcoming years. For instance, in June 2018, HAI Extrusion Germany GmbH, a global leader in extruded sections including aluminum, machining, and surface treatment announced that it has strategically invested around US$ 15 million to establish 3300-ton Aluminum extrusion press in Germany. The investment will help the company to better serve the consumers in construction as well as industrial sectors with high-quality Aluminum profiles.

Furthermore, the launch of innovative curtain wall systems by renowned companies will subsequently bolster the healthy growth of the market in the forthcoming years. For instance, in October 2019, Kawneer Company Inc, an American manufacturer of architectural aluminum systems and products for the commercial construction industry announced the launch of a new 1620UT/1620UT SSG Curtain Wall system. The system is designed with polymer separator and accommodates 1" insulating glass to endure during high thermal climate. Additionally, mullion depth options offer both aesthetic and structural choices, giving the design team flexibility. 1620UT/1620UT SSG Curtain Wall system was tested as per the United States and Canadian standards.

Market Restraint:

High Installation Cost of Curtain Walls to Impede Market Revenue

The high cost involved in transporting and storing curtain walls leads to an overall elevated cost of aluminum curtain walls, which in turn, will hamper the growth of the market. Periodical maintenance is essential to preserve the aesthetical appeal intact, thus the perpetual maintenance leads to extraordinary costs. Similarly, the necessity for the sealant to be replaced over some time to keep the product quality.

The aluminum frames are mostly anodized which further requires proper cleaning as the detergents used to clean the frames can affect the coating surface. The necessity of high skilled laborers to install curtain walls can be a critical factor in restricting the growth of the market. Besides, the unfavorable weather conditions lead to a major delay in installing curtain wall systems, which, in turn, will further obstruct the growth of the market. 

Regional Analysis:

Booming Construction Industry to Augment Growth in Asia Pacific

The market in Asia Pacific generated a Revenue of 6.42 billion in 2019. The growth in the region is attributed to the flourishing construction industry in emerging nations such as China and India. The abundantly availably aluminum will enable speedy expansion of the market in the forthcoming years. According to the India Brand Equity Foundation (IBEF), India is projected to become the third-largest construction market by 2025. Additionally, favorable government regulations will further aid the expansion of the market in Asia Pacific. For instance, in June 2015, the Indian government announced the Smart Cities Mission to improve the core infrastructure of the selected cities across the country.