Market Material Research

  Aerogel Industry Overview The global  aerogel market  size is expected to reach USD 2.52 billion by 2028, registering a CAGR of 15.1% over the forecast period, according to a new report by Grand View Research, Inc. Growing product usage for insulation applications in various industries, such as automotive, aerospace & defense, building & construction, oil & gas, and other industries, is expected to drive the market.   Aerogels provide innovative and eco-friendly solutions for light-diffusing and high-performance insulation in architectural daylighting applications. Cabot Corp. provides LUMIRA aerogel, water-repelling particles produced through a subcritical drying process that exhibits a broader scope of applications including subsea pipe insulation and daylighting. Various agencies like NASA are further researching on the aerogel material to broaden its application scope in exploring potential applications of thin polymer aerogels in cryogenics or...

  Cross Laminated Timber Industry Overview The global  cross laminated timber market  size is expected to reach USD 3.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.8% from 2022 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 sawm...

  Expanded Polystyrene Industry Overview The global  expanded polystyrene market  size is anticipated to reach USD 13.5 billion by 2028, according to a new report by Grand View Research, Inc., growing at a CAGR of 4.8% from 2021 to 2028. The rising demand for eco-friendly, lightweight, durable, and sustainable products and components, primarily for thermal and  acoustic insulation , in the automotive, construction, and packaging industries is driving the market growth over the forecast period.   Technological advancements and the growing popularity of  Electric Vehicles  (EVs) have increased the need for lightweight, durable, and recyclable products. A gradual increase in EVs on roads is expected to positively propel market growth. However, the Covid-19 pandemic has immensely affected the production of automobiles and the value chain of the automotive industry. Production cuts or halt in manufacturing activities, weak consumer sentiments, and declin...

  Bioactive Materials Industry Overview The global  bioactive materials market  size is estimated to reach USD 5.85 billion by 2028 registering a CAGR of 14.0% over the forecast period, according to a new report by Grand View Research Inc. Growing geriatric population coupled with the advancement in various surgical procedures is expected to drive the product demand in the market. Rising consumer awareness about health and well-being is projected to drive market growth during the forecast period.   The product helps in promoting  stem cell  structure and the transplanted stem cells offer enhanced therapeutic effects in surgeries. Thus, a wide scope of application for these products in the replacement and reconstruction of damaged cells, tissues, and bones is fueling the product demand in the surgery application sector. Moreover, increasing technological advancements coupled with the growing demand for dental care and orthopedics, due to high awareness ab...

  Egypt Ride Hailing Service Industry Overview The  Egypt ride hailing service market  size is anticipated to reach USD 2.99 billion by 2028, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 15.8% from 2021 to 2028. The emergence of ride hailing services has opened a new avenue in the field of public transportation. The service providers, often known as transportation network companies, are claimed to be the new future of public transport. The service enables customers to hire personal drivers who drive them from one place to another, as required.   These rides are extremely convenient as they provide numerous alternatives with customization options. Customers can choose the pick-up/drop-off location, preferred route, number of riders, number of stops, as well as the type of vehicle. Many transportation network companies also offer ride-sharing services. Another reason for their rapid adoption is that t...

  Australia Glamping Industry Overview The  Australia glamping market  size is expected to reach USD 256.5 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 14.0% from 2021 to 2028. Glamping or glamorous camping is a modern form of camping that has become a trend across the world. At music festivals, glamping is offered as an upgrade option at a reasonable price, especially if it is going to be a multiday activity. A rising number of concerts and big music festivals in various parts of the world is expected to be one of the key driving factors for market growth.   Most vacationers all over the world prefer to go on vacations with a wide range of indoor and outdoor activities apart from site-seeing. A few people incorporate a day or two of glamping in their schedule as it combines taking a vacation with nature combined with the luxury of living in a fine hotel. The consumers’ search for unique ex...

  North America & Europe Luxury Interior Fabric Industry Overview The  North America & Europe luxury interior fabric market  size is expected to reach USD 2.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.9% from 2021 to 2028. Rising awareness about the benefits and comfort offered by these stylish interior fabrics is boosting the market growth. As lifestyles are changing, consumers are inclined towards good quality, comfortable, and visually attractive interior fabrics.   With the expansion of  real estate , the market is bound to witness growth in the interiors industry, which is likely to propel the demand for the fabric in the segment. In accordance with the index specialist, the value of property owned for the purpose of achieving investment returns reached USD 9.8 trillion in 2019, 7.8% more than in 2018. The rising demand for new houses owing to the growing population is...

  Shapewear Industry Overview The global  shapewear market  size is anticipated to reach USD 3.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.0% from 2021 to 2028. The growth of this market is fueled by factors such as changing lifestyles, increased use of compression wear among the geriatric population, and developments in garment designs and fabric technology. Furthermore, the rise in online sales of compression wear and shapewear, as well as the rising demand for plus-size clothes, has fueled the growth of the market. The market is also influenced by a variety of cultural factors. When it comes to the body, the concept of perfection is being replaced with the concept of self-love and comfort in one's own shape and size. The market has been influenced by this body-positivity philosophy. Shapewear is not about hiding defects for millennials and Gen-Z shoppers; rather, it is seen as apparel that...

  DNA-based Skin Care Products Industry Overview The global  DNA-based skin care products market  size is expected to reach USD 9.87 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.6% from 2021 to 2028. Consumer awareness of the dangers of using skincare products containing synthetic chemicals is pushing the demand for natural and organic products. Many DNA-based companies have been promoting awareness of DNA-based skincare products through digital and social media campaigns because today's consumers are tech-savvy and want products that are best suited to them.   Everyone's skin is different, so instead of a generic approach from over-the-counter items, consumers need a regimen that is tailored to their own needs. Consumers are now being targeted more directly by skincare specialists, who are prescribing a customized range of products. The Skin360 Face Scanner app from Neutrogena identifies over two...

  U.S. Faucet Industry Overview The U.S. faucet market size was valued at USD 3.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028. The rapid growth of the bathroom fittings industry is presenting lucrative opportunities for faucets as a result of the rising demand for modernized bathrooms and kitchens. In addition, the increasing prominence of multi-functionality features on plumbing fixtures, with due importance given to aesthetic appeal is boosting demand for a variety of faucets. The need for water conservation measures is also resulting in the greater penetration of new and efficient faucets across applications. With a nationwide shortage of housing and record-high home prices, more homeowners prefer to stay on their existing properties versus moving or upgrading to newer ones. Rapidly rising costs associated with home prices and mortgage rates are resulting in consumers increasingly investing in home improvement or ...

  Cyber Security Services Industry Overview The global cyber security services market size was valued at USD 91.15 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 10.2% from 2021 to 2028. Advances in Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) have led to increased adoption of web applications and mobile apps, subsequently creating more complex IT infrastructure that can be vulnerable to cyberattacks. To address potential security challenges, organizations are outsourcing security services to detect bugs, as well as analyze the security landscape, while efficiently responding to cyberattacks. The need to fix bugs in web applications as well as mobile apps, and to mitigate data loss risks associated with cybercrimes is expected to fuel the adoption of cyber security services over the forecast period. The proliferation of smartphones and the continued rollout of high-speed internet networks have triggere...

  Americas Enzymes Industry Overview The Americas enzymes market size was valued at USD 4.96 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.1% from 2021 to 2028. The rising consumer awareness regarding health has boosted the consumption level of functional food items, thereby anticipated to positively impact the demand for enzymes over the forecast period. The demand for enzymes is increasingly growing for natural flavor and taste, coupled with the exotic food products, over the past decade, which has triggered the market growth. The product is used in several end uses including fruit juice clarification, germination in breweries, cheese manufacturing, pre-digestion of baby food, and meat tenderization. Furthermore, the growing customer awareness about the significant consumption of dietary requirements, population explosion, and enhanced food quality are likely to positively affect the market growth in the near future. Enzymes are extracte...

  North America & Europe Luxury Interior Fabric Industry Overview North America & Europe luxury interior fabric market size was valued at USD 1.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% from 2021 to 2028. With rising per capita disposable income and purchasing power, many consumers are shifting towards premium furniture, which, in turn, is helping lift the overall market. The rise in disposable income as a result of economic growth has fueled the spending on premium furniture fabrics, which is one of the major factors driving the demand for luxury interior fabrics. The market is directly dependent on the demand for luxury interior fabric that is used to cover furniture pieces. The quantity of fabric required depends on the type of furniture. In interior design, fabric color selection is vital as it must match the furniture. It is paramount for the two elements to complement well and bring out the designing concept perfect...