Market Material Research

  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...

  Americas Range Hood Industry Overview The Americas range hood market size was valued at USD 4.45 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028. Higher penetration of modular kitchens with the rise in home remodeling is boosting the growth. With the expansion of real estate as well as commercial construction, the market is bound to witness a higher demand for range hoods in these segments. According to the World Property Journal, U.S. Housing Market's combined value hit USD 33.6 trillion in January 2020. The increasing infrastructural developments, as well as new building permits in the region, are expected to boost the market growth. Technological advancements in kitchen appliances, along with the rising usage of IoT in kitchen hood devices, are expected to be the key factors boosting the growth. Manufacturers are focusing on developing innovative devices owing to consumer preference for smart features, such as noise...

  Commercial Tabletop Kitchen Products Industry Overview The global commercial tabletop kitchen products market size was valued at USD 9.93 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028. The rising adoption of serving ware with significant development in the foodservice and hospitality industry has been significantly driving the demand for tabletop kitchen products in the commercial sector. Moreover, rising disposable incomes, changing lifestyles, and increasing social trends promoting social dining have contributed to an upscale in the demand for commercial tabletop kitchen products. The increasing number of commercial construction projects across the globe is likely to have a positive impact on the growth of the tabletop kitchen products market in the coming years. According to the construction blog by Autodesk, USD 11.4 trillion was spent on construction across the globe in 2018. The U.S. construction industry was w...

  Europe, Middle East & Africa Outdoor Candle Industry Overview The Europe, Middle East & Africa outdoor candle market size was valued at USD 459.6 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.9% from 2021 to 2028. The high demand for outdoor candles as a means of enhancing the aesthetics and ambiance of outdoor spaces, especially among millennial households, is anticipated to drive the market. Beauty retailers, independent brands, and fashion houses have been introducing innovative products to constantly capture new customers and retain existing ones. Over the past few years, there has been a rise in the commercial utility of outdoor candles, with numerous spa and massage centers using scented candles for a soothing effect. The popularity of outdoor spas and aromatherapy can be attributed to the growing trend of consumers wishing to connect to nature and the outdoors, thereby generating strong product demand. Candle therapy, for in...

  Europe, Middle East & Africa Wax Melt Industry Overview Europe, Middle East & Africa wax melt market size was valued at USD 1.10 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 11.9% from 2021 to 2028. The rapid development of the residential and commercial sectors leads to an increased demand for wax melts to add instant warmth and aroma to the atmosphere of any room. The wax melts market is expected to grow on account of the increasing demand for effective, cost-efficient, and safer products. Over the past few years, key players have developed new and innovative products that specifically cater to the various needs of consumers. Major players have launched new wax melts aimed at specific demographics rather than the general consumer pool. For instance, in January 2020, Febreze launched three new scents: Forest, Wood, and Ocean that take cues from nature and are more refined and subdued. The new Forest, Wood, and Ocean scents from F...

  U.S. Home And Garden Fungicides Industry Overview The U.S. home and garden fungicides market size was valued at USD 372.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.0% from 2021 to 2028. The demand for landscaping projects, such as water fountains, plants, and gazebos, is projected to drive the demand for home and garden fungicides. Furthermore, growing activities for transforming commercial and residential outdoor spaces into areas, such as lawns, outdoor kitchens, and party spots, for entertainment and leisure are boosting the growth of the market. Consumers are adopting larger and more varied vegetation in their lawns and gardens, necessitating the use of home and garden fungicides in order to maintain healthy growth. Landscaping makes the finest use of available space in a highly attractive way. It involves forming the land as desired to make the best use of a location's natural features. Landscaping involves selecting and growing...