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According to Cognitive Market Research, The global Chinese takeout market size is USD63.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 7.60% from 2023 to 2030.
The demand for Chinese takeout is rising due to the digitalization and online ordering and changing on consumer’s preferences.
Demand for quick-service restaurants remains higher in the Chinese takeout market.
The Chained consumer foodservice category held the highest Chinese takeout market revenue share in 2023.
Asia-Pacific will continue to lead, whereas the North America Chinese takeout market will experience the most substantial growth until 2030.
Digital Transformation and Online Ordering Platforms to Provide Viable Market Output
The Chinese takeout market has been driven by the rapid adoption of digital technologies and the widespread use of online ordering platforms. With the convenience of mobile apps and websites, customers can easily browse menus, place orders, and make payments, contributing to increased order volumes. This digital transformation not only enhances customer experience but also allows restaurants to streamline operations, manage inventory efficiently, and implement data-driven strategies for personalized promotions, ultimately fostering growth in the Chinese takeout sector.
In December 2021, Restaurants Brands International, Inc. announced a regional partnership with Ant Group to accelerate the digital transformation of its restaurant operations across Asia-Pacific.
Changing Consumer Lifestyles and Urbanization to Propel Market Growth
The evolving lifestyles of Chinese consumers, characterized by busy schedules and a preference for convenience, have fuelled the growth of the takeout market. Urbanization has led to an increase in the number of working professionals and dual-income households, creating a demand for quick and hassle-free meal options. Chinese takeout services cater to this demand, providing a convenient solution for individuals and families seeking restaurant-quality meals without the time and effort associated with traditional dining. This shift in consumer behavior has become a key driver propelling the sustained expansion of the Chinese takeout market.
In October 2021, McDonald's announced its plan to test its first-ever plant-based burger, the McPlant, which it created with Beyond Meat Inc. in a strategic three-year partnership in China.
(Source:www.cnbc.com/2021/10/14/mcdonalds-to-test-mcplant-burger-created-with-beyond-meat-in-the-us.html)
Market Dynamics of Chinese Takeout
Regulatory Challenges and Compliance to Restrict Market Growth
One significant restraint in the Chinese takeout market is the complex regulatory environment governing the food and beverage industry. Stringent regulations related to food safety, hygiene, and licensing pose challenges for both established and emerging players. Compliance with these regulations requires significant investment in infrastructure, staff training, and adherence to strict standards, impacting operational costs. Navigating these regulatory hurdles becomes a key challenge for businesses in the Chinese takeout sector, influencing their ability to expand, innovate, and remain competitive in the market.
Impact of COVID–19 on the Chinese Takeout Market
The COVID-19 pandemic significantly impacted the Chinese takeout market, reshaping consumer behavior and the operational dynamics of restaurants. With lockdowns, social distancing measures, and concerns about in-person dining, there was a substantial surge in demand for takeout and delivery services, including Chinese takeout. Restaurants that quickly adapted to contactless ordering systems and efficient delivery services experienced resilience in the face of dining restrictions. The pandemic accelerated the integration of technology in the industry, with many Chinese takeout establishments implementing online ordering platforms and digital payment solutions.
Opportunity for Chinese Takeout Market
Digitalization and convenience present key growth opportunity for the Chinese takeout market.
The landscape of chinse takeout market has been evolving with innovative packaging and rapid urbaniza...
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Revenue for the Clothing Stores industry in China is expected to rise an annualized 0.4% over the five years through 2024. Increasing income levels of Chinese residents have supported the industry demand. More and more consumers are beginning to invest more in fashion, quality, and lifestyle. Clothing consumption has become an important part of this growth. Due to the COVID-19 epidemic, the industry faced challenges like disruptions in the supply chain, labor shortages, and economic uncertainties, which had a negative impact on the industry growth. In 2020 and 2022, industry revenue decreased by 13.9% and 10.7%, respectively.Young consumers have emerged as the main drivers of the industry consumption. They are deeply influenced by social media and Internet celebrity culture. With the rapid development of Internet in China, social media marketing will become a driving force of the industry growth. The immediacy brought by this form can enhance customer service and lead to quicker resolution of issues. In addition, the industry will emphasize product innovation, particularly through collaborations with well-known intellectual properties (IPs).Industry revenue is forecast to grow at an annualized 2.9% over the five years through 2029. The industry has a low level of concentration, and its competition is intensified. The industry M&A activities will become more frequent. The number of enterprises will increase at 0.8% on average while the number of establishments will increase at 2.1% on average in next five years.
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Market Size and Growth: The China adhesives industry has experienced steady growth in recent years, with a market size estimated at XX million in 2025. Driven by strong demand from key end-user industries such as automotive, building and construction, and packaging, it is projected to grow at a CAGR of 6.00% from 2025 to 2033. This expansion is attributed to factors such as rising urbanization, increasing industrialization, and advancements in adhesive technologies. Market Dynamics and Trends: The market is characterized by a diverse range of adhesive technologies, including hot melt, reactive, water-borne, and UV cured adhesives. Acrylic, polyurethane, and epoxy resins are widely used, catering to specific requirements of different industries. Key drivers of growth include increasing adoption of advanced adhesives in assembly processes, growing demand for eco-friendly and sustainable products, and technological advancements in adhesive chemistry. However, factors such as fluctuating raw material prices and competition from substitute materials present challenges to industry players. Recent developments include: February 2022: Arkema acquired Shanghai Zhiguan Polymer Materials (PMP), specializing in hot-melt adhesives for the consumer electronics sector.December 2021: Under the Nuplaviva brand, Arkema introduced a new range of disposable hygiene adhesive solutions formulated with bio-based renewable content.October 2021: 3M introduced a new generation of acrylic adhesives, including 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS.. Key drivers for this market are: , Increasing Demand from the Packaging Industry; Other Drivers. Potential restraints include: , Impact of COVID-19 Pandemic on Global Economy. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
Body Bags Market Size and Trends
The body bags market size is forecast to increase by USD 332.2 million, at a CAGR of 6.8% between 2023 and 2028. The market is experiencing significant growth due to several key trends and challenges. One notable trend is the increasing focus on comfort, with consumers seeking high-performance sports bras featuring moisture-wicking fabrics, breathable mesh, and anti-microbial treatments. Material costs are also a critical factor, with advanced materials like spandex and nylon becoming increasingly popular due to their durability and flexibility. Another trend is the growing environmental consciousness, leading to the development of next-generation body bags made from eco-friendly materials. However, the market also faces challenges, including the need to balance affordability with innovation and the potential impact of regulations on material sourcing and production. The market is driven by consumer demand for comfort and performance, material costs, and environmental considerations. To stay competitive, manufacturers must innovate while also addressing the challenges of affordability and sustainability. By focusing on these trends and challenges, companies can capitalize on the growing demand for body bags and position themselves as leaders in the industry.
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The market, a subsegment of the activewear industry, has been witnessing significant growth due to the increasing consumer interest in versatile garments that cater to both fitness and everyday wear. The focus on health and wellness, along with comfort trends, has led to the development of advanced textile technologies. Functionality and aesthetics are two crucial factors driving the body bags market. Consumers are looking for garments that offer high-performance features while maintaining an attractive appearance. The integration of moisture-wicking fabrics, breathable mesh, and anti-microbial treatments in body bags has been a game-changer. These advanced materials help keep the body dry and cool during workouts, ensuring optimal comfort and performance. The athleisure trend has further fueled the demand for body bags. As consumers increasingly seek clothing that can transition from the gym to everyday life, body bags have emerged as a popular choice. Their sleek designs and seamless construction make them a versatile addition to any wardrobe. Size-inclusivity and catering to various body types are essential considerations in the body bags market.
Brands are recognizing the importance of offering a wide range of sizes to accommodate diverse consumer needs. Additionally, the use of compression technology in body bags provides support and enhances comfort for different body shapes. Fitness influencers and celebrities have played a significant role in promoting body bags on social media. Their endorsements have helped increase consumer awareness and interest in this type of activewear. The integration of fabric technology, such as moisture-wicking and seamless designs, has further added to their appeal. Sustainability is also a growing concern in the body bags market. Brands are focusing on using eco-friendly materials and reducing waste in their production processes. This not only appeals to environmentally-conscious consumers but also sets them apart from competitors. The market is thriving due to the increasing consumer demand for functional, comfortable, and stylish activewear. Brands that can cater to these needs while focusing on sustainability and size-inclusivity are likely to succeed in this competitive industry.
Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
End-user
Morgue
Hospital
Others
Geography
North America
US
Europe
Germany
Asia
China
India
Japan
Rest of World (ROW)
By End-user Insights
The morgue segment is estimated to witness significant growth during the forecast period. The market for body bags, used primarily in morgues for the transportation and storage of human remains, is experiencing significant growth due to various factors. The increasing awareness of fitness culture and active lifestyles has led to an increase in participation in sports and physical activities, resulting in a higher number of accidents and fatalities. This, in turn, has driven the demand for body bags. Additionally, the size-inclusive nature of this market caters to various body types, making it accessible to a wider consumer base. Furthermore, the establishment of new crematoriums and the rising prevalence of infectious diseases have also contributed to the growth of this market. In 2020, the COVID-19 pandemic resulted in a rise in deaths, leading to an increased
The acetonitrile market share is expected to increase by 36.07 thousand tonn from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.65%.
This acetonitrile market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers acetonitrile market segmentation by application (pharmaceuticals, analytical chemistry, agrochemicals, and others) and geography (North America, Europe, APAC, South America, and MEA). The acetonitrile market report also offers information on several market vendors, including AnQore, Asahi Kasei Corp., Avantor Inc., GFS Chemicals Inc., Honeywell International Inc., Imperial Chemical Corp., INEOS Group Holdings SA, Mil-Spec Industries Corp., Runa Chemicals Pvt. Ltd., and Spectrum Chemical Manufacturing Corp. among others.
What will the Acetonitrile Market Size be During the Forecast Period?
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Acetonitrile Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The high consumption of acetonitrile in the pharmaceutical industry is notably driving the acetonitrile market growth, although factors such as increasing substitute products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the acetonitrile industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Acetonitrile Market Driver
The high consumption of acetonitrile in the pharmaceutical industry is one of the key factors driving the growth of the global acetonitrile market. In 2020, the pharmaceutical application segment held the major share of revenue in the global acetonitrile market. The popularity of acetonitrile in the pharmaceutical industry is because it is used as a reaction and purification solvent, in the synthesis of organic compounds, extraction and separation solvent, raw material for analytical reagent, high purity analytical reagent, solvent for the non-aqueous reaction. Moreover, India and China are the major consumers of acetonitrile as they are used in the production of generic drugs. The presence of a large number of pharmaceutical companies in India and China is fueling the demand for acetonitrile. The consumption rate of acetonitrile in APAC is high due to its easy availability. The pharmaceutical industry is growing globally. The Americas and Europe consist of a large consumer base for branded drugs. Pharmaceutical companies are investing highly in R&D for producing innovative and advanced branded drugs targeting consumers in the developed countries of the Americas and Europe. The growing pharmaceutical industry bolsters the demand for acetonitrile.
Key Acetonitrile Market Trend
The new production method for acetonitrile will fuel the global acetonitrile market growth. Acetonitrile is mainly produced as a byproduct during the acrylonitrile manufacturing process. This method gives satisfactory volumes of acetonitrile but has its drawbacks. One of the drawbacks is the fluctuation in the price of crude oil, which impacts the prices of naphtha, acrylonitrile, and acetonitrile. According to The Royal Society of Chemistry journal, a paper titled, An alternative pathway for the production of acetonitrile: ruthenium-catalyzed aerobically proposed an option of producing acetonitrile from ethanol or bioethanol via ethylamine. Ethylamine is an organic compound (CH3CH2NH2) and is miscible with all solvents. Various methods can be employed to produce ethylamine. The most common method involves the reaction of ethanol and ammonia in the presence of an oxide catalyst to yield ethylamine, along with dimethylamine and triethylamine. Moreover, the paper emphasized the use of atmospheric oxygen as an oxidant for the production of nitriles from amines, as the only side-product in this process would be H2O. Such commercial production of acetonitrile via sustainable resources is a positive sign for the growth of the global acetonitrile market.
Key Acetonitrile Market Challenge
Increasing substitute products is a major challenge for global acetonitrile market growth. Acetonitrile is undoubtedly a very useful product, especially as a solvent. The application of acetonitrile in HPLC systems has the second-largest share in the global acetonitrile market. However, other alternative HPLC-grade solvents such as solvents 1,2-dichloroethane, 1,2-dimethoxyethane, benzonitrile, chlorobenzene, and others can be used in place of acetonitrile. Moreover, Acetone is another substitute product for acetonitrile. Aceton
The discrete semiconductors market share is expected to increase by USD 4.04 billion from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 3%.
This discrete semiconductors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by application (Consumer Electronics, ICT, Industrial, and Automotive) and geography (APAC, North America, Europe, MEA, and South America). The discrete semiconductors market report also offers information on several market vendors, including Diodes Inc., Eaton Corporation Plc, Hitachi Ltd., Infineon Technologies AG, Nexperia BV, NXP Semiconductors NV, ON Semiconductor Corp., STMicroelectronics NV, Toshiba Corp., and Vishay Intertechnology Inc. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rapid growth of the Internet of Things (IoT) is notably driving the discrete semiconductors market growth, although factors such as the us-china trade war may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the discrete semiconductors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Driver for the Discrete Semiconductors Market
The rapid growth of the Internet of Things (IoT) is one of the driving factors for the market in focus. The IoT is a system of interrelated devices or things embedded with electronics, software, sensors, and network connectivity. The IoT technology enables Internet-connected devices to use sensors and actuators to collect, record, and transmit data to other computing devices on a real-time basis. The demand for these IoT devices is primarily being driven by the developments in wired and wireless communication technologies. The robust growth of the IoT in all key geographies is increasing the demand for IoT chipsets for integration into IoT devices. This, in turn, is driving the demand for discrete semiconductors.
Key Challenge for the Discrete Semiconductors Market
The US-China trade war is one of the key challenges for the market in focus. The global semiconductor industry is being significantly impacted by the ongoing trade war between the US and China. The US and China are two of the strongest economies in the world, and disruptions in businesses in these countries are being felt by many other countries worldwide. The imposition of steep tariffs on many goods and services has been making it difficult for business owners to operate in these countries. Since electronic components like discrete semiconductors have also witnessed an increase in tariffs, their higher ASP has been increasing the final price of the solutions these components are used in. This is affecting the demand for discrete semiconductors manufactured in these two countries.
This discrete semiconductors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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■Objectives and Outline (Summary): * We have revised the public offering period and points to consider when implementing the project, and revised the application guidelines and outline materials. (Updated June 22, 2020)
・ Secondary Deadline: TBD → Monday, July 27, 2020
・ Tertiary Deadline: TBD → Monday, September 28, 2020
Please also keep in mind the National Federation of Shopping District Promotion Associations
Basic Policy for Shopping District Infectious Disease Prevention as a guideline for implementing appropriate COVID-19 prevention measures in shopping districts.
(http://www.syoutengai.or.jp/news/topics.cgi)
・ Secondary Deadline: Friday, May 29, 2020 to TBD
・ Tertiary Deadline: Friday, August 21, 2020 to TBD
We now set the Secondary and Tertiary Deadlines to TBD. The decision to reschedule the deadline will be made while monitoring the progress of the recovery from the COVID-19 pandemic, and will be announced approximately 1 months prior to the deadline on the websites of the Small and Medium Enterprise Agency and other organizations.
The end date of the offer period for this grant (secondary deadline) is currently "TBD" but has been set at "Friday, August 21, 2020 17:00:00" for convenience of the system.
In addition, the Attachment 1 - 6 (Support Plan by Local Governments (Impact of COVID-19)) and Attachment 7 (Impact of COVID-19) have been added as voluntary submissions showing the impact of the COVID-19 outbreak.
The grant guidelines have been revised. (Updated April 6, 2020)
This offer is for the secondary deadline (February 28, 2020 17:00:01 - May 29, 2020 17:00:00). (Updated February 28, 2020)
The recruitment guidelines and application form have been corrected. (Updated on February 19, 2020: Revised support plan by local governments, etc.)
In order to revitalize shopping districts and create attractiveness, the purpose of this project is to develop an attractive environment for commerce and service industries in cooperation with local communities by supporting shopping districts' efforts to effectively capture new demand from outside the region and from outside of daily demand, such as inbound tourism, which has been showing significant growth in recent years, and to stimulate consumption. ■ Purpose and Overview: Shopping districts have a wide variety of stores, making them attractive to consumers. On the other hand, the business environment surrounding shopping districts is becoming increasingly severe as they face structural challenges such as changes in local demand and consumer needs, and the need for measures in cooperation with local communities is increasing.
Under these circumstances, in order to revitalize shopping districts and create attractiveness, this project aims to improve the environment for attractive commerce and service industries in cooperation with local communities by supporting shopping districts' efforts to effectively capture new demand from outside the region and from outside of daily demand, such as inbound tourism, which has shown significant growth in recent years, and thereby stimulate consumption.
The Project consists of the following 2 Projects.
(1) Consumption Generation Business
(2) Professional Staffing Business
Applicants must apply for both Consumption Generation Business and Professional Staffing Business at the same time. Also, it is not possible to apply for the specialist dispatching business alone.
Please refer to the Recruitment Guidelines for details.
■ Remarks: * The end date of the offer period for this grant (secondary deadline) is currently "TBD," but it has been set at "Friday, August 21, 2020 17:00:00" for convenience of the system.
Please submit a complete application within the deadline.
Application documents such as application guidelines, application forms, entry guidelines, Q & A, summary materials, and electronic application manuals can be downloaded from the following URL.
■ Contact: Please contact the Regional Bureau of Economy, Trade and Industry (METI) or the Commercial Division of the Small and Medium Business Administration (SMBA) in your area where this project will be conducted.
● Distribution and Service Industry Division, Bureau of Economy, Trade and Industry of China
Jurisdiction: Tottori, Shimane, Okayama, Hiroshima, Yamaguchi
Address: -30 Kamihatchobori 6, Naka-ku, Hiroshima-city, Hiroshima 730-8531 Hiroshima Joint Government Building 2 Building
TEL: 082-224-5655
FAX: 082-224-5642
E-mail: cgk5655@meti.go.jp
○ Small and Medium Enterprise Agency Business Support Department Commerce Division
Address: 1 ‐ Tottori ‐ Shimane Kasumigaseki, Chiyoda-ku, Tokyo 100‐ 8912
TEL: 03-3501-1929
FAX: 03-3501-7809
E-mail: shotengai-kankoshohi@meti.go.jp
■ Reference URL: SME Agency Website
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According to Cognitive Market Research, The Global Glass Substrates for Displays market size will grow at a compound annual growth rate (CAGR) of 5.30% from 2023 to 2030.
The demand for glass substrates for the display market is rising due to the rise in industrialization and urbanization, along with the widespread use of LCD screens in vehicles, smart devices, and consumer goods.
Demand for smartphones remains higher in the glass substrates for the display market.
The LCD display type category held the highest glass substrates for display marketrevenue share in 2023.
North America will continue to lead, whereas the Asia Pacific glass substrates for displays marketwill experience the strongest growth until 2030.
Growing Demand for OLED Displays to Provide Viable Market Output
The glass substrates for displays market is the growing demand for OLED displays. OLED displays offer several advantages over traditional LCD displays, including thinner and lighter form factors, faster response times, and superior color reproduction. Glass substrates play a crucial role in OLED displays by providing a stable and flat surface for the organic materials to be deposited upon.
Corning Incorporated inaugurated its newest Gen 10.5 facility for developing LCD glass substrates in Anhui Province, China, in May 2018. The facility is situated alongside the BOE Technology Group Co. Ltd. plant.
(Source:investor.corning.com/investor-relations/news-and-events/details/2021/Corning-Celebrates-Grand-Opening-of-Gen-10.5-LCD-Glass-Plant-in-Wuhan-China/default.aspx#:~:text=CORNING%2C%20N.Y.%2C%20May%2012%2C,Technology%20Group%20Co.%2C%20Ltd.)
With the increasing adoption of OLED displays in smartphones, tablets, televisions, and wearable devices, there is a parallel rise in the demand for high-quality glass substrates that can support these advanced displays. As consumers seek more immersive and vibrant visual experiences, manufacturers are under pressure to produce larger, higher-resolution OLED displays, further fueling the demand for advanced glass substrates with the requisite characteristics.
Rising Adoption of 4K and 8K Displaysto Propel Market Growth
The glass substrates for displays market is the increasing adoption of 4K and 8K displays across various consumer electronics and professional applications. These ultra-high-definition displays offer greater clarity, sharper images, and enhanced detail, making them attractive for applications such as large-screen televisions, gaming monitors, professional video editing, and medical imaging. Glass substrates are integral to the production of these high-resolution displays as they provide the necessary structural support and optical clarity. As consumer preferences continue to shift towards larger screen sizes and superior visual quality, manufacturers are investing in the development of glass substrates that can meet the stringent requirements of 4K and 8K displays.
Market Dynamics of Glass Substrates for Displays
Environmental Concerns to Hinder Market Growth
The glass substrates for displays market is the environmental concern associated with the manufacturing and disposal of glass substrates. The glass manufacturing process involves high energy consumption and emissions of greenhouse gases, contributing to environmental pollution and climate change. Additionally, the disposal of glass substrates, especially when they become obsolete or damaged, can lead to further environmental issues if not managed properly. The industry is under increasing pressure to adopt sustainable and eco-friendly manufacturing practices, which can be costly and time-consuming to implement.
Impact of COVID–19 on the Glass Substrates for Displays Market
The COVID-19 pandemic had a significant impact on the glass substrates for displays Market. During the initial phases of the pandemic, manufacturing facilities and supply chains were disrupted, leading to production delays and shortages of critical raw materials. The decreased consumer demand for electronics and disruptions in global trade further exacerbated the challenges faced by the industry. Additionally, the shift in consumer priorities towards essential goods and remote work devices reduced the demand for high-end displays, affecting the sales of glass substrates used in displays. However, as the world adapted to the new normal and remote work and entertainment became increasingl...
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Revenue for the Apparel Manufacturing industry is expected to increase at an annualized 0.2% over the five years through 2025, totaling $298.3 billion. With new consumer groups, individualized, fine-differentiated, and young apparel has become industry's mainstream. In addition, big data, cloud computing, and artificial intelligence have changed the industry over the past five years. Over the past five years, the COVID-19 pandemic has led to weak consumer confidence and an economic downturn. Apparel is a non-essential commodity, and people buy less. Industry revenues have fluctuated due to changes in downstream markets.Inventory clearance and fierce competition have kept profit margins low. Most of the workforce in the industry is low-skilled and creates products with low added value. In 2025, profit margins are expected to account for 5.3% of industry revenue. Total wages are anticipated to rise by an annualized 0.8% over the five years through 2025, to $40.1 billion. In the past few years, the industry has actively introduced automation equipment and intelligent production lines, and enterprises can greatly improve efficiency and shorten the production cycle. Intelligent technology enables enterprises to manage inventory more precisely and increase the flexibility of the supply chain. Some enterprises use intelligent manufacturing technology to produce small batches of personalized customized products to enhance market competitiveness.Industry enterprises realize the importance of building their own brands. Some enterprises have built more direct and deeper customer relationships and increased re-purchase rates through this method. Having a private brand can reduce the company's dependence on OEM orders and enhance the enterprise’s autonomy and resilience to risks.Future growth in per capita disposable income will promote industry demand. Industry revenue is expected to increase an annualized 1.2% over the five years through 2030 to total $316.3 million. Industry enterprises will gradually lay out overseas markets to gain a greater market share. Meanwhile, the Southeast Asian market is seizing the global market with Chinese companies due to cheaper labor advantages.
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The Asia Pacific Buy Now Pay Later (BNPL) market is experiencing explosive growth, projected to reach $155.72 million in 2025 and exhibiting a robust Compound Annual Growth Rate (CAGR) of 16.56%. This surge is driven by several key factors. Increasing smartphone penetration and internet access across the region, particularly in emerging economies like India and Indonesia, are fueling wider adoption of e-commerce and digital payment solutions. Consumers, especially millennials and Gen Z, are drawn to the convenience and flexibility offered by BNPL services, which provide short-term credit without the complexities of traditional loans. The rise of e-commerce platforms and the proliferation of online marketplaces further contribute to the market's expansion, creating a fertile ground for BNPL providers to thrive. Furthermore, a growing preference for contactless payment methods, accelerated by the COVID-19 pandemic, has cemented BNPL's position as a preferred payment option. However, the market faces challenges such as regulatory uncertainty in some countries, concerns about consumer debt, and the potential for fraud. The competitive landscape is also intensifying, with both established players and new entrants vying for market share. Segmentation reveals strong performance across diverse end-user sectors including consumer electronics, fashion & garments, and healthcare, indicating broad appeal and applicability across various product categories. The strong performance in the online channel further illustrates the dominance of digital transactions in the BNPL sector's growth trajectory. The market's success is largely dependent on managing risk effectively, fostering consumer trust, and adapting to evolving regulatory frameworks. The continued growth of the Asia Pacific BNPL market hinges on addressing these challenges strategically. Focusing on responsible lending practices and consumer education will be crucial to mitigating debt concerns and maintaining market stability. Collaborations with e-commerce platforms and financial institutions can enhance reach and streamline operations. Furthermore, leveraging data analytics and advanced technologies to prevent fraud and improve risk assessment will be paramount. The expansion into less penetrated markets within the Asia Pacific region, combined with a focus on developing innovative product offerings and tailored solutions, presents substantial growth opportunities for BNPL providers. Companies such as Reepay, Akulaku, Hoolah, Atome, and Pine Lab are leading this charge, highlighting the dynamic and competitive nature of the market. The geographical breakdown, encompassing countries like China, India, and Australia, points to a diverse and geographically widespread market with opportunities for both regional and international players. This report provides a detailed analysis of the rapidly expanding Asia Pacific Buy Now Pay Later (BNPL) industry, covering the period 2019-2033. It leverages extensive market research to provide insights into market size, growth drivers, key players, and emerging trends, offering invaluable intelligence for businesses and investors seeking to understand this dynamic sector. The report utilizes 2025 as its base year and estimated year, with a forecast period spanning 2025-2033 and a historical period encompassing 2019-2024. The total market value is projected to reach significant figures in the billions. Note: I cannot provide actual market values in billions as that information requires extensive paid market research data, which is not accessible here. My examples below will use the placeholder "XXX Million" to represent the actual, researched values. Recent developments include: In June 2022, China E-commerce firm Kuaishou launched Sesame Credit's buy now and pay later (BNPL) service. Under the service users with a Sesame score of 550 and above will be able to order, receive, and try the products before paying on its e-commerce platform allowing its customers to easily return and exchange goods., In February 2023, CRED launched its buy now and pay later service in India. The feature will allow customers to make payments on the app and across different partner merchants, including Swiggy, Zepto, and Urban Company, and allow users to clear the bill at no charge within 30 days.. Key drivers for this market are: Lack Of Credit Availability In Small Transaction Driving BNPL Services, Rise In The Value Of Digital Transaction In Asia Pacific. Potential restraints include: Lack Of Credit Availability In Small Transaction Driving BNPL Services, Rise In The Value Of Digital Transaction In Asia Pacific. Notable trends are: Rising Digital Payments.
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According to Cognitive Market Research, the global Clothing Steamer market size will be USD 2751.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 1100.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 825.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 632.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 137.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 55.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The indirect sales channel, particularly through online retailers, currently dominates the clothing steamer market due to the increasing consumer preference for convenience and accessibility
Market Dynamics of Clothing Steamer Market
Key Drivers for Clothing Steamer Market
Rising Preference for Portable and Efficient Garment Care Solutions to Boost Market Growth
One of the primary drivers in the Clothing Steamer Market is the growing preference for portable, time-saving garment care solutions. Consumers, particularly in urban areas, are seeking devices that can quickly freshen up clothes without the hassle of traditional ironing. With compact designs, handheld clothing steamers provide convenience, allowing users to easily carry them while traveling. This portability is particularly attractive to working professionals and frequent travelers. Additionally, the shift towards multifunctional devices that offer both ease and efficiency further bolsters the market demand, as steamers cater to delicate fabrics that traditional irons might damage. For instance, In May 2021, Midea Group, China’s largest home appliances company, is expanding overseas production with new plants featuring enhanced automation as part of its ambition to corner around 10% of the global market within five years
Growing Adoption of Clothing Steamers in Commercial Sectors to Drive Market Growth
The expanding use of clothing steamers in commercial sectors like hospitality, fashion retail, and garment manufacturing is another major market driver. Hotels, for instance, use steamers to maintain wrinkle-free linens and garments for guests, while fashion retailers rely on them for quick touch-ups on display items. The fashion industry, in particular, benefits from steamers' ability to quickly smooth out delicate fabrics without risking burn marks, as seen with irons. This increased adoption, particularly in businesses that value efficiency and garment preservation, is driving significant growth in the market, especially for high-capacity and industrial-grade steamers.
Restraint Factor for the Clothing Steamer Market
High Cost of Advanced Clothing Steamers, will Limit Market Growth
One significant restraint in the Clothing Steamer Market is the relatively high cost of advanced steamers compared to traditional irons. While basic steamers are affordable, models equipped with enhanced features such as rapid heating, continuous steam output, and specialized nozzles for different fabric types come at a premium price. This makes them less accessible to price-sensitive consumers, especially in developing regions. Additionally, the higher upfront cost of these devices can deter households from upgrading, slowing overall market penetration despite growing awareness of the product's benefits.
Impact of Covid-19 on the Clothing Steamer Market
The COVID-19 pandemic had a mixed impact on the Clothing Steamer Market. Initially, the market faced disruptions due to supply chain challenges, production halts, and decreased consumer spending on non-essential items. Retail stores were closed, and manufacturing slowed, causing delays in product availability. However, as people spent more time at home and became more conscious of hygiene and garment care, the demand for home-use clo...
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According to Cognitive Market Research, The Global Puzzle Toy market will expand at a compound yearly growth rate (CAGR) of 5.80% from 2023 to 2030.
The demand for Puzzle Toys is rising due to its low cost and wide availability.
Demand for eco-friendly nature and ability to improve hand-eye coordination skills in children in the Puzzle Toymarket.
The plastic and child category held the highest Puzzle Toy market revenue share in 2023.
North America will continue to lead, whereas the Asia-Pacific Puzzle Toy market will experience the most substantial growth until 2030.
Increasing Demand for Puzzles from Children as a Form of Educational Toyto Provide Viable Market Output
The global puzzle toy market has witnessed a significant surge in demand, particularly from children seeking educational play experiences. Puzzles have become effective learning tools, stimulating cognitive skills, spatial awareness, and problem-solving abilities. Parents and educators recognize their multifaceted benefits, making them an attractive choice for early childhood development. Additionally, the growing trend of homeschooling and remote learning during the COVID-19 pandemic further propelled the demand for educational toys like puzzles. As a result, manufacturers are innovating with diverse themes, materials, and interactive features to cater to this burgeoning market segment, indicating a promising future for the puzzle toy industry.
For instance, in June 2021, Mattel Inc. introduced 'Barbie Loves the Ocean, ' a collection of dolls made of recycled plastic material.
Rising Social Media Influence of Toy Companies to Propel Market Growth
The global puzzle toy market is poised for significant growth, driven by the escalating social media presence of toy companies. With platforms like Instagram, TikTok, and YouTube gaining prominence, toy manufacturers leverage these channels to showcase their products, engage with audiences, and create viral trends. Influencer collaborations and user-generated content further amplify brand visibility. This digital exposure not only boosts product awareness but also fosters a strong community of toy enthusiasts. As a result, the puzzle toy market is expected to experience an upswing in demand as consumers are increasingly influenced by online content, ultimately driving market expansion and innovation.
For instance, from 15th March 2021 to 19th March 2021, the China Council for the Promotion of International Trade (CCPIT) introduced 'Boutique International Trade Fair Toy Fair,' a play kit products fair in Guangzhou, China, to encourage local & worldwide manufacturers towards producing innovative gaming items.
Rising the use of simple and complex toys at schools to facilitate learning may drive market revenue
Market Dynamics of the Puzzle Toy
Rising Popularity of Online Gaming to Pose Challenges to Industry Growth to Restrict Market Growth
The global puzzle toy market faces a potential challenge from the rising popularity of online gaming. As more consumers engage in digital entertainment, there may be a shift away from traditional physical toys like puzzles. This trend could restrict the market's growth, as manufacturers and retailers may need to adapt their strategies to remain competitive. However, the puzzle toy industry can still thrive by leveraging unique features, educational benefits, and tactile experiences that online gaming cannot replicate. Additionally, targeting niche markets or incorporating technology into physical puzzles may provide avenues for sustained growth despite the digital gaming trend.
Impact of COVID–19 on the Puzzle Toy Market
The global puzzle toy market experienced a mixed impact due to the COVID-19 pandemic. The market faced disruptions in supply chains, leading to production delays and distribution challenges. However, as people spent more time at home during lockdowns, demand for puzzle toys surged, driven by the need for indoor entertainment. It resulted in a rebound for the market in late 2020 and 2021. Moreover, online sales channels gained prominence, further boosting sales. The market demonstrated resilience, adapting to the new normal and capitalizing on increased consumer interest in home-based activities, ultimately showing signs of recovery and growth despite the pandemic's initial disruptions. Introduction of The Puzzle T...
The advanced fiber-based gasket market size has the potential to grow by $ 227.63 mn during 2021-2025, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by application (Chemicals, Industrial machinery, Electrical and electronics, and Others) and geography (APAC, North America, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Dana Inc., EIS Inc., ElringKlinger AG, EnPro Industries Inc., Flexitallic Group, Freudenberg SE, James Walker Group Ltd., Kaman Corp., Parker Hannifin Corp., and Phelps Industrial Products LLC.
Market Overview
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Market Competitive Analysis
The advanced fiber-based gasket market is fragmented. Dana Inc., EIS Inc., ElringKlinger AG, EnPro Industries Inc., Flexitallic Group, Freudenberg SE, James Walker Group Ltd., Kaman Corp., Parker Hannifin Corp., and Phelps Industrial Products LLC are some of the major market participants. Factors such as growth in global oil and gas and petrochemical refineries, growing pharmaceutical sector in asian countries, and adoption of advanced fiber-based gaskets to improve performance of engineering equipment will offer immense growth opportunities. However, intense competition among vendors, increasing use of adhesives and sealants, and slowdown in chinese manufacturing sector may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this advanced fiber-based gasket market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this advanced fiber-based gasket market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
Dana Inc. EIS Inc. ElringKlinger AG EnPro Industries Inc. Flexitallic Group Freudenberg SE James Walker Group Ltd. Kaman Corp. Parker Hannifin Corp. Phelps Industrial Products LLC
Advanced Fiber-based Gasket Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 4%
Market growth 2021-2025
$ 227.63 million
Market structure
Fragmented
YoY growth (%)
3.95
Regional analysis
APAC, North America, Europe, South America, and MEA
Performing market contribution
APAC at 43%
Key consumer countries
US, China, Japan, Germany, and South Korea (Republic of Korea)
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Dana Inc., EIS Inc., ElringKlinger AG, EnPro Industries Inc., Flexitallic Group, Freudenberg SE, James Walker Group Ltd., Kaman Corp., Parker Hannifin Corp., and Phelps Industrial Products LLC
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
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Advanced Fiber-based Gasket Market: Segmentation by Geography
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The report offers an up-to-date analysis regarding the current Global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The adoption of advanced fiber-based gaskets to improve performance of
The needle coke market size will record an incremental growth of $ 857.65 mn and a CAGR of 6% during 2020-2024.
This market report entails segmentation by end-user (Graphite industry, Battery industry, and Others) and geography (APAC, Europe, North America, MEA, and South America). View our sample report to gather market insights on the segmentations.
The needle coke market report also analyzes the market’s competitive landscape and offers information on several market vendors, including C-Chem Co. Ltd., China Petrochemical Corp., ENEOS Holdings Inc., GrafTech International Ltd., Indian Oil Corp. Ltd., Mitsubishi Chemical Holdings Corp., Phillips 66, PMC Tech Co. Ltd., Sojitz JECT Corp., and Sumitomo Corp..
What will the Needle Coke Market Size be in 2020?
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Overview of Competitive Analysis
The needle coke market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies.
The market structure is concentrated. With the shift in consumer behavior owing to the COVID-19 pandemic, the vendors are focusing on leveraging upcoming trends and drivers that have been identified and explored in this needle coke market analysis report. Factors such as the increasing demand for UHP graphite electrodes will offer immense growth opportunities. The report also covers challenges and strategies to dodge them, which will help vendors in recreating their plan of action to obtain growth opportunities in the future.
To make the most of the opportunities, vendors should also capitalize on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post-COVID-19 impact on each product and service segments.
Which are the Key Regional Markets for Needle Coke Market?
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The report offers an up-to-date analysis of the geographical composition of the market. APAC had the largest market share in the needle coke market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The emergence of green steel will significantly influence needle coke market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
65% of the market’s growth will originate from APAC during the forecast period. China | US | Russian Federation | India | Japan are the key markets for needle coke market in the region. This report provides estimations of the contribution of all regions to the growth of the needle coke market size.
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What are the Key Factors Covered in this Needle Coke Market Report?
CAGR of the market during the forecast period
Detailed information on factors that will drive needle coke market growth during the next five years
Precise estimation of the size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the needle coke market industry across APAC, Europe, North America, MEA, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of needle coke market vendors
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Needle Coke Market Scope
Report Coverage
Details
Page number
120
Base year
2019
Forecast period
2020-2024
Growth momentum & CAGR
Accelerate at a CAGR of 6%
Market growth 2020-2024
$ 857.65 million
Market structure
Concentrated
YoY growth (%)
5.00
Regional analysis
APAC, Europe, North America, MEA, and South America
Performing market contribution
APAC at 65%
Key consumer countries
China, US, Russian Federation, India, and Japan
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
C-Chem Co. Ltd., China Petrochemical Corp., ENEOS Holdings Inc., GrafTech International Ltd., Indian Oil Corp. Ltd., Mitsubishi Chemical Holdings Corp., Phillips 66, PMC Tech Co. Ltd., Sojitz JECT Corp., and Sumitomo Corp.
Market Dynamics
Parent market analysis, Marke
The baby monitors market share is expected to increase by USD 226.59 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 2.23%.
This baby monitors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers baby monitors market segmentations by product (audio and video baby monitors, advanced baby monitors, and audio baby monitors), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and MEA). The baby monitors market report also offers information on several market vendors, including Angelcare Monitor Inc., Arlo Technologies Inc., Dorel Industries Inc., Foscam Inc., Hisense International Co. Ltd. , iBaby Labs Inc., iBabyGuard International Pte Ltd., Jablotron Alarms AS, Koninklijke Philips NV, and Lenovo Group Ltd. among others.
What will the Baby Monitors Market Size be During the Forecast Period?
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Baby Monitors Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rising demand from developing countries is notably driving the baby monitors market growth, although factors such as availability of alternative products and services like security cameras may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the baby monitors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Baby Monitors Market Driver
One of the key factors driving the baby monitors market is rising demand from developing countries. The awareness of available products and brands in developing countries (such as India and China) is growing significantly. The penetration of baby monitors in countries like Brazil and India is less than 50% due to a lack of awareness of these products. Baby monitors in countries of APAC and MEA are still considered non-essential products. But this rising awareness for baby monitors ensues from the drastically rising Internet penetration in these countries. Through better and easy access to various online platforms, consumers in developing economies can gather information on advanced baby care products. This awareness has led to a huge change in customer purchasing behavior in these countries. This broadening Internet penetration has empowered consumers to offer better reach for international brands and enhanced awareness in countries such as China, India, and Thailand. These countries have huge potentials for baby care products like baby monitors. This is due to their huge population, growing awareness, increasing working parents, and improving education level. Hence, the growing awareness, rising education, and awareness will propel the demand for baby care products such as baby monitors in these countries.
Key Baby Monitors Market Trend
Another key factor driving the baby monitors market growth is the technology innovation and portfolio extension leading to product premiumization. Baby monitors are used for monitoring movement and other activities. Vendors are focusing on technology innovation and portfolio expansion per customer requirement to widen their market share. This also leads to product premiumization. Smart connected baby monitors can be connected to smartphones or tablets using wireless technology, such as Wi-Fi, to send alerts, interact, and monitor babies from remote locations. Other product innovations include multi-functional baby monitors. For instance, Motorola MBP845CONNECT baby monitor is a Wi-Fi-enabled smart baby monitor that allows communication. It displays room temperature, while its sound level indicators display noise in a room. These devices can be installed and connected with up to four cameras at once. These baby monitors can also be operated using smartphones or tablets. Thus, the inclusion of advanced and innovative features leads to the premiumization of products and boosts sales.
Key Baby Monitors Market Challenge
Availability of alternative products and services like security cameras is one of the key challenges hindering the baby monitors market growth. Baby monitors are technologically-advanced products, with the market still undergoing innovation. These products are priced high and are limited for use to monitor infants and babies. The average cost of baby monitors costs is around $50. In another instance, wireless CCTV cameras cost around $30 and can be used for other purposes at both indoor and outdoor locations. Hence, instead of buying baby monitors, owners
The Coke Market is poised to grow by USD 23.12 billion during 2022-2026, accelerating at a CAGR of 2% during the forecast period
Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers the market segmentation by end-user (iron and steel industry and others) and geography (APAC, EMEA, and the Americas). The market report also offers information on several market vendors, including ArcelorMittal SA, China Shenhua Energy Co. Ltd., Drummond Co. Inc., JSW Steel Ltd., Mechel PAO, Mitsubishi Chemical Holdings Corp., OKK Koksovny AS, Shanxi Lubao Coking Group Co. Ltd., SunCoke Energy Inc., and United States Steel Corp. among others.
What will the Coke Market Size be During the Forecast Period?
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Parent Market Analysis
Our Technavio Research categorizes the report belonging to Energy Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.
Coke Market: Key Drivers, Trends, and Challenges
Technavio Research categorizes the global Coke Market belonging to the Coal & Consumable Fuels Industry. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.
The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.
Who are the Major Coke Market Vendors?
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as
ArcelorMittal SA
China Shenhua Energy Co. Ltd.
Drummond Co. Inc.
JSW Steel Ltd.
Mechel PAO
Mitsubishi Chemical Holdings Corp.
OKK Koksovny AS
Shanxi Lubao Coking Group Co. Ltd.
SunCoke Energy Inc.
United States Steel Corp.
Coke Market Value Chain Analysis
In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of a market flow and provides a complete understanding of all aspects of the market logistics value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.
Which are the Key Regions of the Coke Market?
77% of the market’s growth will originate from APAC during the forecast period. China is the key market for coke in APAC. Market growth in this region will be faster than the growth of the market in other regions.
What are the Revenue-generating End-user Segments in the Coke Market?
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The market share growth by the iron and steel industry segment will be significant during the forecast period.
The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.
Coke Market Scope
Report Coverage
Details
Page number
120
Base year
2019
Forecast period
2020-2024
Growth momentum & CAGR
Accelerate at a CAGR of 2%
Market growth 2020-2024
$ 23.12 billion
Market structure
Fragmented
YoY growth (%)
1.91
Regional analysis
APAC, EMEA, and the Americas
Performing market contribution
APAC at 77%
Key consumer countries
China
Competitive landscape
Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled
ArcelorMittal SA, China Shenhua Energy Co. Ltd., Drummond Co. Inc., JSW Steel
The tantalum market size is expected to grow by 669.75 MT and record a CAGR of 3% during 2020-2024.
This post-pandemic global tantalum market report has assessed the shift in consumer behaviour and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this tantalum market analysis report, key drivers such as increasing demand for implants have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as , which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.
What will the Tantalum Market Size be in 2020?
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Who are the Key Vendors in the Tantalum Market?
The tantalum market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies includng:
Allegheny Technologies Inc. AMETEK Inc. AMG Advanced Metallurgical Group NV China Minmetals Corp. Global Advanced Metals Pty Ltd. Globe Metals and Mining Ltd. HC Starck GmbH Ningxia Orient Tantalum Industry Co. Ltd. Taki Chemical Co. Ltd. Tantalex Resources Corp.
The tantalum market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
This tantalum market report further entails segmentations by Product (Anode powder and wire, Superalloys, Carbides, Chemicals, and Others), End-user (Capacitors, Turbine and aircraft structure parts, Carbide cutting tools and wear parts, Medical implants, and Others), and Geography (North America, APAC, Europe, South America, and MEA). View our sample report to gather market insights on the segmentations.
To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.
Which are the Key Regional Markets for Tantalum Market?
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The report offers an up-to-date analysis of the geographical composition of the market. North America had the largest market share in the tantalum market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The smartphone penetration triggering demand for capacitors will significantly influence biofuels market growth in this region. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
51% of the market’s growth will originate from North America during the forecast period. US, China, Canada, and Japan are the key markets for tantalum market in the region. This report provides estimations of the contribution of all regions to the growth of the tantalum market size.
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What are the Key Factors Covered in this Tantalum Market Report?
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive tantalum market growth during the next five years
Precise estimation of the tantalum market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the tantalum market industry across North America, APAC, Europe, South America, and MEA
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of tantalum market vendors
Need a Customized Report? Get in touch
Tantalum Market Scope
Report Coverage
Details
Page number
120
Base year
2019
Forecast period
2020-2024
Growth momentum & CAGR
Accelerate at a CAGR of 3%
Market growth 2020-2024
669.75 MT
Market structure
Fragmented
YoY growth (%)
3.01
Regional analysis
North America, APAC, Europe, South America, and MEA
Performing market contribution
North America at 51%
Key consumer countries
US, China, Canada, and Japan
Competitive landscape
Leading companies, competitive strategies, consumer engagement sco
The bioadhesive market share is expected to increase by USD 1.56 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 13.14%.
This bioadhesive market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bioadhesive market segmentation by product (plant-based adhesives and animal-based adhesives) and geography (Europe, North America, APAC, South America, and MEA). The bioadhesive market report also offers information on several market vendors, including 3M Co., Arkema SA, Beardow & Adams (Adhesives) Ltd., Bio Adhesive Alliance Inc., Cargill Inc., Coöperatie AVEBE UA, Danimer Scientific, Henkel AG & Co. KGaA, Ingredion Inc., and LD Davis Industries Inc. among others.
What will the Bioadhesive Market Size be During the Forecast Period?
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Bioadhesive Market: Key Drivers, Trends, and Challenges
The increasing demand for bio-based hot-melt adhesives in APAC is notably driving the bioadhesive market growth, although factors such as limitations of bioadhesive may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bioadhesive industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Bioadhesive Market Driver
Increasing demand for bio-based hot-melt adhesives in APAC is a major driver fueling the bioadhesive market growth. Some points which work as a helping hand to the growth of the hot-melt adhesive market in China and India are the absence of government policies related to the non-usage of high volatile organic compound adhesives. Following the regulations imposed by EPA and Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH), many players have emerged in the market with innovative products. Few other developmental strategies followed by market players include collaborations and entering into agreements for enhancing their distribution chain in growing economies. The increasing demand for bio-based hot-melt adhesives is also boosted by the availability of these adhesives not only for industrial purposes but also for consumers. End customers mainly use it for personal purposes such as repairing, decorating, and other do-it-yourself (DIY) projects. The growth of the retail segment has improved the availability of numerous products, including bio-based hot-melt adhesives, which were previously only available for industrial uses. In 2016, the retail market in India was valued at approximately $700 billion. Of the overall value, the organized retail segment accounted for only about 10.71% of the market. However, there are certain roadblocks, including lagging awareness about hot-melt adhesives in developing nations. Therefore, the market penetration for this segment is quite low despite India and China being the two largest consumer markets globally.
Key Bioadhesive Market Trend
The adoption of bioadhesives in medical and personal hygiene products is a major trend influencing the bioadhesive market growth. The use of bioadhesives in medical products is a significant application as the adhesive surface is directly applied to the human body and, therefore, the products should be of good quality and preferably non-toxic. Bioadhesives are widely used in plasters, band-aids, poultices, and surgical tapes. They are also used in wound dressings, electrodes, and transdermal patches. In hygiene products, bioadhesives are predominantly used in sanitary napkins and panty liners, incontinence pads, baby diapers, and feminine care products. The increasing concern about hygiene is one of the key growth factors for this application segment. The global baby diaper market is expected to post a CAGR of 4%-6% during the forecast period. A high level of cleanliness should be maintained during the manufacturing and packaging of hygiene products. These products have to pass several regulatory parameters before introduction into the market. Therefore, bioadhesives are used in hygiene applications.
Key Bioadhesive Market Challenge
Limitations of bioadhesives are a major hindrance to the bioadhesive market growth. Certain natural adhesives that are completely derived from bio-based raw materials possess low resistance at high temperatures compared with synthetic adhesives. To increase the resistance of bioadhesive to water, heat, and chemicals, a small proportion of synthetic substances are added to natural products during the manufacturing stage. For instance, several nanomaterials are added to bioadhesives to improve their water-resistance capacity.
Cookware Market Size 2025-2029
The cookware market size is forecast to increase by USD 14.59 billion, at a CAGR of 7.6% between 2024 and 2029.
The market is experiencing significant growth, driven by the increasing popularity of enameled cookware and induction-compatible copper cookware. These types of cookware cater to consumers' evolving preferences for durable, versatile, and energy-efficient cooking solutions. The enameled cookware segment is particularly gaining traction due to its ease of use, resistance to scratches and stains, and the wide range of designs and colors available. However, the market faces a growing threat from the unorganized sector, which offers lower-priced alternatives. This segment, often comprised of small, local manufacturers and sellers, can significantly impact the profitability of organized players.
Companies must focus on offering competitive pricing, superior quality, and innovative features to differentiate themselves and retain market share. Additionally, they should explore strategic partnerships and collaborations to expand their reach and cater to the diverse needs of consumers. The market presents both opportunities and challenges, with the shift towards advanced cookware technologies and the unorganized sector's growing presence shaping the strategic landscape. Adapting to these market dynamics and effectively navigating challenges will be crucial for companies seeking to capitalize on the opportunities presented by the market.
What will be the Size of the Cookware Market during the forecast period?
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The market continues to evolve, shaped by dynamic consumer preferences, cooking styles, and technological advancements. Muffin tins and pie plates find application in meal prep and home kitchens, while distribution channels expand to include online sales. Silicone spatulas and measuring cups are favored for their ease of use and cleaning, while pressure cookers offer energy efficiency and convenience. Consumer preferences for brand reputation, scratch resistance, and quality control drive innovation in materials, such as stainless steel and non-stick coatings. Sautéing pans and frying pans are essential for various cooking styles, with cast iron and enameled cast iron offering superior heat retention and distribution.
Dutch ovens and roasting pans cater to professional kitchens and culinary trends, while material sourcing and manufacturing processes ensure safety and durability. Induction compatibility, oven safety, and dishwasher safety are crucial considerations in the design of cookware, with handle design and recipe development also playing significant roles. Cake pans, baking sheets, and cutting boards are integral components of food preparation, with ceramic coatings and stain resistance enhancing their functionality. Measuring spoons and metal spatulas complete the essential cookware set, reflecting the continuous unfolding of market activities and evolving patterns.
How is this Cookware Industry segmented?
The cookware industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Distribution Channel
Offline
Online
Product
Pots & Pans
Pressure Cooker
Cooking Racks
Cooking Tools
Bakeware
Microware Cookware
Type
Standard /Non-Coated
Non-Stick/ Coated
Teflon (PTFE) Coated
Ceramic Coated
Enamel Coated
Others
Material
Stainless Steel
Carbon Steel
Cast Iron
Aluminum Glass
Stoneware
Others
Geography
North America
US
Canada
Europe
France
Germany
Italy
UK
Middle East and Africa
Egypt
KSA
Oman
UAE
APAC
China
India
Japan
South America
Argentina
Brazil
Rest of World (ROW)
By Distribution Channel Insights
The offline segment is estimated to witness significant growth during the forecast period.
In the market, offline retail sales dominate through channels such as supermarkets, hypermarkets, convenience stores, and warehouse clubs. These distribution formats offer end-users the convenience of direct interaction with companies, extensive product knowledge, and a wide selection of brands and sizes. However, the COVID-19 pandemic significantly impacted offline sales in the first half of 2021, particularly in countries like the US, Canada, Italy, Spain, Germany, and India. Stainless steel, non-stick coatings, and cast iron are popular cookware materials, catering to various cooking styles and consumer preferences. Enameled cast iron, pressure cookers, and Dutch ovens are essential for meal prep and energy-
Drone Package Delivery Market Size 2024-2028
The drone package delivery market size is forecast to increase by USD 33.81 billion at a CAGR of 64.16% between 2023 and 2028.
The market is witnessing significant growth due to the increasing adoption of drones by e-commerce companies for expedited delivery services. This trend is driven by the growing consumer demand for faster and more convenient delivery options, particularly in light of the COVID-19 pandemic's impact on traditional supply chain networks. Additionally, the integration of blockchain technology in drone package delivery is expected to enhance security and transparency, providing an extra layer of trust for both customers and businesses. However, the market faces challenges due to the complex regulatory landscape governing the use of Unmanned Aerial Vehicles (UAVs) in various regions.
Restrictive laws and regulations, such as those related to airspace restrictions, privacy concerns, and safety requirements, can hinder market growth and require companies to navigate these complexities carefully. To capitalize on market opportunities and navigate challenges effectively, companies must stay informed of regulatory developments and invest in technology solutions that address safety, security, and efficiency concerns. By doing so, they can position themselves as leaders in the rapidly evolving the market.
What will be the Size of the Drone Package Delivery Market during the forecast period?
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The Drone Package Delivery Market is soaring with delivery drones and autonomous delivery drones revolutionizing logistics. Medical delivery drones enable rapid medical supply drone delivery, dental clinic supply delivery, pharmaceutical drone delivery, diagnostic imaging equipment delivery, and orthodontic aligner delivery. AI-powered drone delivery enhances efficiency, while eco-friendly drone delivery and solar-powered delivery drones align with sustainability. Drone package delivery market trends 2025 highlight last-mile drone delivery and drone delivery for emergency supplies. Secure drone package delivery, real-time drone delivery tracking, drone logistics for dental clinics, and drone delivery for orthodontic practices ensure precision. Autonomous drone fleets and the drone package delivery market forecast 2030 signal robust growth for innovative delivery solutions.
Environmental impact, delivery routes, and predictive maintenance are essential aspects of drone delivery, with companies exploring ways to minimize carbon emissions and optimize delivery logistics. Delivery transparency, customer experience, and emergency response capabilities are also critical components, as the industry continues to adapt and innovate. Delivery networks and delivery optimization are at the forefront of drone technology, with flight planning and certifications playing a vital role in ensuring delivery efficiency and safety. As the market continues to unfold, the focus on delivery automation, drone integration, and regulatory compliance will remain paramount. Applications in medical supplies, food delivery, disaster relief, and other sectors are expanding, offering new opportunities for growth and innovation.
How is this Drone Package Delivery Industry segmented?
The drone package delivery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Type
Hybrid wing
Fixed-wing
Rotary-wing
Application
E-commerce
Medical Supplies
Food Delivery
Range
Short-Range
Medium-Range
Long-Range
End-User
Retail
Logistics
Healthcare
Geography
North America
US
Canada
Europe
France
Germany
Italy
UK
Middle East and Africa
Egypt
KSA
Oman
UAE
APAC
China
India
Japan
South America
Argentina
Brazil
Rest of World (ROW)
By Type Insights
The hybrid wing segment is estimated to witness significant growth during the forecast period.
The market is experiencing significant advancements, with the hybrid wing segment poised for substantial growth. This segment's expansion is attributed to the introduction of innovative drone designs, enhancing delivery capabilities within urban areas. Manufacturers focus on developing drones for city-limit package delivery and integrating features such as vertical landing and AI-based collision avoidance systems. These advancements propel the demand for hybrid drones, driving the growth of the global market. Moreover, the market is witnessing progress in drone infrastructure, including delivery platforms, air traffic management, and regulatory frameworks. Autonomous delivery systems and predictive maintenance are improving delivery reliability and eff
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According to Cognitive Market Research, The global Chinese takeout market size is USD63.3 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 7.60% from 2023 to 2030.
The demand for Chinese takeout is rising due to the digitalization and online ordering and changing on consumer’s preferences.
Demand for quick-service restaurants remains higher in the Chinese takeout market.
The Chained consumer foodservice category held the highest Chinese takeout market revenue share in 2023.
Asia-Pacific will continue to lead, whereas the North America Chinese takeout market will experience the most substantial growth until 2030.
Digital Transformation and Online Ordering Platforms to Provide Viable Market Output
The Chinese takeout market has been driven by the rapid adoption of digital technologies and the widespread use of online ordering platforms. With the convenience of mobile apps and websites, customers can easily browse menus, place orders, and make payments, contributing to increased order volumes. This digital transformation not only enhances customer experience but also allows restaurants to streamline operations, manage inventory efficiently, and implement data-driven strategies for personalized promotions, ultimately fostering growth in the Chinese takeout sector.
In December 2021, Restaurants Brands International, Inc. announced a regional partnership with Ant Group to accelerate the digital transformation of its restaurant operations across Asia-Pacific.
Changing Consumer Lifestyles and Urbanization to Propel Market Growth
The evolving lifestyles of Chinese consumers, characterized by busy schedules and a preference for convenience, have fuelled the growth of the takeout market. Urbanization has led to an increase in the number of working professionals and dual-income households, creating a demand for quick and hassle-free meal options. Chinese takeout services cater to this demand, providing a convenient solution for individuals and families seeking restaurant-quality meals without the time and effort associated with traditional dining. This shift in consumer behavior has become a key driver propelling the sustained expansion of the Chinese takeout market.
In October 2021, McDonald's announced its plan to test its first-ever plant-based burger, the McPlant, which it created with Beyond Meat Inc. in a strategic three-year partnership in China.
(Source:www.cnbc.com/2021/10/14/mcdonalds-to-test-mcplant-burger-created-with-beyond-meat-in-the-us.html)
Market Dynamics of Chinese Takeout
Regulatory Challenges and Compliance to Restrict Market Growth
One significant restraint in the Chinese takeout market is the complex regulatory environment governing the food and beverage industry. Stringent regulations related to food safety, hygiene, and licensing pose challenges for both established and emerging players. Compliance with these regulations requires significant investment in infrastructure, staff training, and adherence to strict standards, impacting operational costs. Navigating these regulatory hurdles becomes a key challenge for businesses in the Chinese takeout sector, influencing their ability to expand, innovate, and remain competitive in the market.
Impact of COVID–19 on the Chinese Takeout Market
The COVID-19 pandemic significantly impacted the Chinese takeout market, reshaping consumer behavior and the operational dynamics of restaurants. With lockdowns, social distancing measures, and concerns about in-person dining, there was a substantial surge in demand for takeout and delivery services, including Chinese takeout. Restaurants that quickly adapted to contactless ordering systems and efficient delivery services experienced resilience in the face of dining restrictions. The pandemic accelerated the integration of technology in the industry, with many Chinese takeout establishments implementing online ordering platforms and digital payment solutions.
Opportunity for Chinese Takeout Market
Digitalization and convenience present key growth opportunity for the Chinese takeout market.
The landscape of chinse takeout market has been evolving with innovative packaging and rapid urbaniza...