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Food Service Equipment Market Size, Share & Trends | 2028

IMARC Group, a leading market research company, has recently releases report titled “Food Service Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global food service equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the food service equipment market?

The global food service equipment market size reached US$ 36.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

What is food service equipment?

Food service equipment includes the tools, utensils, crockery, and cutlery that help in preparing, storing, and serving food. It is usually available in numerous types according to food service areas. For instance, storage racks, trolleys, measuring cups, etc., are used for food storage. Food service equipment also includes modular gas, fryers, wet grinders, molding machines, etc., which are utilized to prepare and cook food items. Presently, automated multi-use equipment finds extensive applications for making food at home or restaurants while reducing human efforts and time.

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What are the growth prospects and trends in the food service equipment industry?

The increasing consumption of fast food, the elevating levels of urbanization, and the inflating disposable income levels of consumers are primarily driving the food service equipment market. Furthermore, the rising health consciousness among consumers, in addition to the growing focus on enhancing food safety by cafes and restaurants, is propelling the product demand. Apart from this, various government bodies of several countries are implementing stringent food control standards to ensure and safeguard public health and hygiene, which is further catalyzing the market growth. Moreover, the accelerating popularity of food tourism and luxury hotels is also augmenting the global market. In the coming years, the escalating adoption of smart equipment that aids restaurants in cutting down wastage, improving traceability, reducing costs, etc., is expected to fuel the food service equipment market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Type Insights:

Cooking Equipment
Storage and Handling Equipment
Warewashing Equipment
Food and Beverage Preparation Equipment
Serving Equipment

Distribution Channel Insights:

Online
Offline

End Use Insights:

Full-service Restaurants and Hotels
Quick-service Restaurants and Pubs
Catering

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

AB Electrolux
Ali group s.r.l. a socio unico
Alto-Shaam Inc.
Cambro Manufacturing
Comstock-Castle Stove Co. Inc
Dover Corporation
Duke Manufacturing
Illinois Tool Works Inc.
The Middleby Corporation
Welbilt

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Automated Fare Collection Market Size | Share Report 2021-2026

IMARC Group, a leading market research company, has recently releases report titled Automated Fare Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 The study provides a detailed analysis of the industry, including the global automated fare collection market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the automated fare collection market?

The global automated fare collection market reached a value of US$ 6.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.4% during 2021-2026.

What is an automated fare collection?

The automatic fare collection (AFC) refers to a ticketing system used in public transport and enables the payment for a fare through vending machines and online services. It consists of depot/station computers, central clearing house, fare media, back-office systems, and devices to read/write media. AFC systems conduct reliable, integrated and accurate fare collection to maintain a smooth passenger flow at peak hours. They offer various benefits, including reduced fraud chances, decreased cash payments, low investment costs, and a seamless customer experience.

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What are the growth prospects and trends in the automated fare collection industry?

The growing need for an integrated system for ticketing in public transport networks is primarily fueling the global AFC market growth. The increasing establishment of smart city projects across the globe is further escalating demand for efficient AFC systems. Besides this, the rising requirement for an interoperable fare management system in multi-operator public transports is driving the market growth. Moreover, the increasing utilization of contactless bank cards, particularly in developing nations, is creating a positive outlook for the AFC market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

Hardware
Software and Services

Breakup by System Type:

Ticket Vending Machine (TVM)
Ticket Office Machine (TOM)
Fare Gates
IC Cards

Breakup by Technology:

Smart Card
Magnetic Stripe
Near Field Communication (NFC)
Others

Breakup by Application:

Railways and Transportation
Parking
Entertainment
Others

Breakup by Region:

North America (U.S. Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Advanced Card Systems Limited (HNA Technology Investments Holdings)
Atos SE
Cubic Corporation
Indra Sistemas SA
Nippon Signal Co. Ltd.
NXP Semiconductors N.V.
Omron Corporation
Scheidt Bachmann GmbH
Siemens AG, Sony Corporation
STMicroelectronics
Thales Group

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Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Groups information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

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IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

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Drug Abuse Testing Market Trends & Forecast by 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Drug Abuse Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global drug abuse testing market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the drug abuse testing market?

Report Attributes	Details
Market Size in 2022	US$ 6.6 Billion
Market Forecast in 2028	US$ 9.8 Billion
Growth rate (2023 to 2028)	CAGR of 6.9%
Base Year of the Analysis	2022
Forecast Period	2023-2028

What is drug abuse testing?

Drug abuse refers to the deliberate consumption of illegal substances or the overconsumption of prescribed psychoactive and over-the-counter (OTC) medications. It can affect the mind and body and cause several disorders, including addiction. As a result, drug abuse is diagnosed by using numerous testing methods to treat related problems effectively. Drug abuse testing also aids in managing the mental status of a patient, handling seizure cases in the emergency room, identifying children and newborns at risk of exposure to illicit drugs, etc. It also finds extensive applications in workplaces where job applicants can be tested for drug usage before being hired.

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What are the growth prospects and trends in the drug abuse testing industry?

The growing drug dependency and substance abuse among individuals for their mind-altering characteristics, medical, non-therapeutic and medicinal uses, and other purposes, such as weight loss, enhancing athletic performance, etc., are primarily driving the drug abuse testing market across the globe. In addition to this, the rising awareness about the harmful consequences of drug abuse, which can create prominent safety and health hazards and reduce the productivity and morale of an individual, is further propelling the product demand. Besides this, the escalating need for screening of employees and job applicants for providing a safe workplace and complying with stringent laws and regulations passed by government bodies is acting as another growth-inducing factor. Additionally, the improving technologies utilized by pain management and opioid dependency clinics are fueling the demand for urine drug testing, which is catalyzing the market growth. Moreover, the emergence of automated testing and analysis for drugs of abuse with at-home testing kits is projected to drive the global drug abuse testing market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

Analyzers
- Immunoassays Analyzers
- Chromatographic Devices
- Breath Analyzers
Rapid Testing Devices
- Urine Testing Devices
- Oral Fluid Testing Devices
Consumables
Laboratory Services

Breakup by Sample:

Urine
Oral Fluid (Saliva)
Hair
Breath
Others

Breakup by End User:

Hospitals
Diagnostic Laboratories
Forensic Laboratories
Workplaces
Others

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Abbott Laboratories
Bio-Rad Laboratories Inc.
Danaher Corporation
Drägerwerk AG & Co. KGaA
Hoffmann-La Roche AG
Laboratory Corporation of America Holdings
Omega Laboratories Inc.
Quest Diagnostics Incorporated
Siemens AG
Thermo Fisher Scientific Inc.
United States Drug Testing Laboratories Inc.

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IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

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Liquefied Petroleum Gas Market Size | Share Report 2023-28

IMARC Group, a leading market research company, has recently releases report titled “Liquefied Petroleum Gas (LPG) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global liquefied petroleum gas (LPG) market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the liquefied petroleum gas (LPG) market?

The global liquefied petroleum gas (LPG) market size reached US$ 134.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 170.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

What is a liquefied petroleum gas (LPG)?

Liquified petroleum gas (LPG) is a flammable mixture of hydrocarbon gases that includes propane and butane. It is considered to be a clean and efficient source of energy that is portable and commonly used as fuel across various application segments. It is obtained during the process of oil and natural gas production and is liquefied through pressurization. It is stored and supplied in canisters, cylinders and bulk storage tanks for various domestic and industrial applications. It is extensively being utilized as the preferred energy source across the chemical, automotive and manufacturing sectors.

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What are the growth prospects and trends in the liquefied petroleum gas (LPG) industry?

Rising environmental consciousness represents one of the primary factors driving the global market growth. In line with this, LPG is used as an effective alternative to fossil fuels, which is contributing to its widespread utilization across industries. Furthermore, significant growth in the automotive industry is creating a positive market outlook. Because LPG is utilised as an autogas in the automotive industry to reduce carbon emissions, it is a major growth element. Other factors, such as the implementation of various government initiatives to promote the usage of LPG, are driving the market toward growth further.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Source:

Refinery
Associated Gas
Non-Associated Gas

Breakup by Application:

Residential
Commercial
Refinery and Petrochemical
Transportation
Others

Breakup by Supply Mode:

Packaged
Bulk and On-site

Breakup by Region:

North America (U.S. & Canada)

Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)

Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)

Latin America (Brazil, Mexico)

Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Bharat Petroleum Corporation Limited
BP P.L.C.
Chevron Corporation
China Gas Holdings Ltd.
Exxon Mobil Corporation
Origin Energy Limited
Petroliam Nasional Berhad
Phillips 66 Company
Repsol S.A.
Royal Dutch Shell PLC
Valero Energy Corporation.

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Contact US

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Construction Equipment Market Share | Size | Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled Construction Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 The study provides a detailed analysis of the industry, including the global construction equipment market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the construction equipment market?

The global construction equipment market size reached US$ 182.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 245.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

What is construction equipment?

Construction equipment, also called heavy equipment, refer to specialized machines that are designed for executing infrastructural projects. They usually comprise ditches, graders, pumps, tractors, bulldozers, excavators, cranes, trenchers, derricks, loaders, backhoes, etc. Construction equipment also include generators, concrete mixers, scrapers, pavers, pile drivers, haulers and trucks, compactors and rollers, etc. They aid in improving worker safety, enhancing productivity, reducing downtime caused by errors, etc. Construction equipment can be rented from several third-party providers to eliminate the hassle of maintaining various heavy machinery and minimize the overall costs of large projects. They enable builders and contractors to remove human involvement in numerous labor-intensive and dangerous tasks, which cause additional risks and errors in operations. Consequently, construction equipment are widely utilized for hauling, compacting, dozing, grading, leveling, placing material, transferring heavy loads, excavating and digging the ground, etc.

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What are the growth prospects and trends in the construction equipment industry?

The rising number of public-private partnerships (PPP), which are joint ventures between government bodies and private sector companies for building various infrastructure systems, is primarily driving the construction equipment market. Additionally, the escalating demand for inventory management solutions to conserve time and reduce monetary expenses is further bolstering the market growth. Besides this, the introduction of energy-efficient and eco-friendly construction devices, which have a low carbon footprint and cause minimum ecological degradation, is acting as another significant growth-inducing factor. Moreover, the widespread adoption of compact product variants, which are easy to handle, provide excellent movability, require minimum maintenance, etc., is also positively influencing the global market. Apart from this, the development of automation technologies that help in tracking the productivity of these devices from remote platforms, including mobile apps and computer software, is anticipated to fuel the construction equipment market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Solution Type:

Products
Services

Equipment Type Insights:

Heavy Construction Equipment
Compact Construction Equipment

Type Insights:

Loader
Cranes
Forklift
Excavator
Dozers
Others

Breakup by Region:

North America (U.S. Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

AB Volvo
Caterpillar Inc.
CNH Industrial N.V.
Deere Company
Doosan Infracore
Hitachi Construction Machinery
Komatsu Ltd.
Liebherr-International AG

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Global Smart Sensor Market Size, Industry Share | Trends 2028

IMARC Group, a leading market research company, has recently releases report titled “Smart Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global smart sensor market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the smart sensor market?

The global smart sensor market size reached US$ 49.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 107.8 Billion by 2028, exhibiting a growth rate (CAGR) of 14% during 2023-2028.

What is a smart sensor?

A smart sensor is an electronic device that takes input from external sources and relies on built-in compute resources to perform predefined functions. It comprises primary sensors, microcontrollers, transducers, amplifiers, excitation control systems, analog filters, and compensators. It also includes software-defined elements that provide different functions, such as digital processing, data conversion, and communication, to external devices. It has multi-sensing, smart calibration, self-identification, amplification, data control, and remote monitoring capabilities. It offers numerous advantages as compared to basic models, such as high reliability and performance, minimum interconnecting cables, scalable and flexible system, small rugged packaging, and minimum cost.

It enables a more accurate and automated collection of environmental data, which is used for monitoring and controlling mechanisms, such as smart grids, navigation systems, autonomous driving, wearable health monitoring devices, transport and logistics, telecommunications, and remote system monitoring. At present, smart sensors are integrated with the internet of things (IoT) and find extensive applications in fingerprint recognition, pattern recognition, telecommunication, press control, and micro-electromechanical systems (MEMS).

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What are the growth prospects and trends in the smart sensor industry?

Expanding industrial automation due to technological advancements across the globe represents one of the key factors influencing the market positively. Smart sensors are used in electronic devices for advanced digital interfaces in various manufacturing units. They accurately measure environmental conditions, such as temperature, light, humidity, and biometric pressure to keep status updates for vital processes in manufacturing. They also assist in monitoring vibrations to evaluate utilization rates, which maximize the capacity of several devices. In addition, smart sensors are widely used in automotive vehicle safety devices, including cameras, radio detection and ranging (RADAR), light detecting and ranging (LiDAR), and ultrasonic and vision-based sensors. This, along with high-definition mapping systems, is positively influencing the market. Smart sensors are increasingly offering solutions in the healthcare sector, which include early detection, management, and prevention of chronic diseases, such as cardiovascular diseases and cancer.

Additionally, the widespread adoption of smart sensors in wearable objects that help monitor the physical parameters of the body and provide clinically relevant data for care are propelling key players to introduce advanced product variants in the market. Apart from this, 3D smart sensors are widely used in vision-guided robot systems to execute real-time control decisions and make them adoptable for unique environment applications. Moreover, various cost-effective product innovations, such as printed, organic, miniaturized, and lightweight smart sensors, are propelling the market growth. In line with this, favorable government policies to increase electronics manufacturing are strengthening the market growth. Furthermore, the high demand for smart sensors in research and development (R&D) areas, such as environmental analysis, robotics, biomedicines, and pharmaceuticals, is anticipated to drive the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Touch Sensor
Image Sensor
Temperature Sensor
Motion Sensor
Position Sensor
Pressure Sensor

Breakup by End User:

Automotive
Consumer Electronics
Infrastructure
Healthcare
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ABB Ltd.
Analog Devices Inc.
Eaton
Honeywell International Inc.
Infineon Technologies AG
NXP Semiconductors
Renesas Electronics Corporation
Robert Bosch GmbH
Siemens AG
STMicroelectronics
TDK Corporation
Texas Instruments Incorporated.

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Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

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Glycolic Acid Market, Industry Size ,Growth | Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “Glycolic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global glycolic acid market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the glycolic acid market?

The global glycolic acid market size reached US$ 425.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 642.8 Million by 2028, exhibiting a growth rate (CAGR) of 7.15% during 2023-2028.

What is glycolic acid?

Glycolic acid (C2H4O3) stands for an alpha hydroxy acid (AHA) that is derived from various plants, including grapes, sugar beets, pineapple, etc. It is colorless, odorless, soluble in water, non-volatile, etc. Glycolic acid is commonly utilized as an exfoliant in skincare products, such as cleansers, moisturizers, serums, face masks, etc., to prevent acne, fade hyperpigmentation, remove dead skin cells, etc. It is used in leather tanning, textile and metal processing, fabric dyeing, printing, etc. Apart from this, it also finds applications as an etching agent in oil well operations.

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What are the growth prospects and trends in the glycolic acid industry?

The increasing influence of social media, inflating income levels, and growing focus on physical appearances are driving the demand for skin care products, which is primarily augmenting the glycolic acid market. Moreover, glycolic acid is also utilized in the food and beverage (FB) industry as a preservative, flavoring agent, and adhesive for packaging products. In addition to this, increasing environmental concerns are encouraging the manufacturing of economic and biodegradable cleaning products, which utilize glycolic acid. Additionally, several key manufacturers are investing in research and development (RD) activities to improve product efficacy and effectiveness. Furthermore, the rising usage of glycolic acid in the production of biomedical devices, such as staples, sutures, implants, meshes, etc., is expected to fuel the global glycolic acid market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Source:

Synthetic
Natural

Breakup by Purity Level:

99% Purity
70% Purity
60% Purity
30% Purity
Others

Breakup by Application:

Personal Care and Cosmetics
Household
Textile
Food Processing
Pharmaceuticals
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Avid Organics
CABB Group GmbH
China Petrochemical Corporation
CrossChem Limited
Mehul Dye Chem Industries
Merck KGaA
Parchem fine and specialty chemicals
The Chemours Company
Tokyo Chemical Industry Co. Ltd
Water Chemical Co. Ltd
Zhonglan Industry Co. Ltd

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Global Green Coatings Market Size, Share | Industry Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “Green Coatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global green coatings market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the green coatings market?

The global green coatings market size reached US$ 86.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 112.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.6% during 2023-2028.

What is green coatings?

Green coatings are a type of eco-friendly coatings that emit negligible levels of volatile organic compounds (VOCs) during the manufacturing process. They are available in different forms, such as water-based paints, high-solid paints, powder coatings, and radiation-hardened coatings. These coatings are produced using natural materials, including vegetable oil, soybean, castor oil, milk, and clay. They help reduce the harmful effects of infrared and ultraviolet (UV) radiation and also improve the efficiency of the equipment. As a result, green coatings find extensive applications across the construction, automotive, oil and gas, mining, aviation, aerospace, and marine industries across the globe.

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What are the growth prospects and trends in the green coatings industry?

The global green coatings market is primarily driven by the implementation of strict government regulations concerning the emission of VOCs. Moreover, the rising use of green coatings as protective and decorative paints on various surfaces due to rapid expansion in the construction industry is positively influencing market growth. Additionally, the increasing use of green coatings on consumer products, such as HVAC units, furniture, fixtures, and electronic boxes, has catalyzed market growth. Furthermore, key players are investing heavily in research and development (R&D) activities to develop innovative and cost-effective product variants that offer superior water and chemical resistance, low drying time, and antibacterial and anti-odor properties are contributing to the market growth. Other factors, including the rising adoption of waterborne and powder-based coatings, ongoing infrastructural development, and rapid industrialization, are also anticipated to propel the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Waterborne
Powder
High Solid
UV Cured

Breakup by Application:

Architectural Coatings
Industrial Coatings
Automotive Coatings
Wood Coatings
Packaging Coatings
Others

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Akzo Nobel N.V.
Asian Paints Limited
Axalta Coating Systems Ltd.
BASF SE
Hempel A/S
Jotun
Kansai Paint Co. Ltd.
Koninklijke DSM N.V.
Nippon Paint Holdings Co. Ltd.
PPG Industries Inc
The Sherwin-Williams Company.

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Global Body Armor Market Size, Industry Share | Trends 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Body Armor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global body armor market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the body armor market?

The global body armor market is expected to exhibit a growth rate (CAGR) of 5.1% during 2023-2028.

What is body armor?

Body armor refers to the protective clothing worn by soldiers to safeguard themselves against penetrative threats on the battlefield. It is produced from various materials, such as aramid, steel, aluminum oxide, silicon, boron carbide, etc. Body armor is also used by law enforcement personnel as safety equipment from assaults and attacks involving shell fragments, knives, and high-velocity bullets. The key market players utilize advanced synthetic fibers to develop flexible, lightweight, and covert products for better wearer protection. As a result, body armor finds widespread applications in the defense, military, and civil sectors.

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What are the growth prospects and trends in the body armor industry?

The escalating demand for modern, high-tech, and lightweight protective gear by the military forces in combat environments, on account of the increasing defense budgets by security agencies across the globe, is primarily driving the body armor market. Besides this, the introduction of high-performance and reduced-weight bodysuits using ultra-high molecular weight polyethylene (UHMWPE) is also augmenting the market growth. Moreover, the inflating need for ceramic-based body armors to protect the heart against high-velocity rifle ammunition and in mental healthcare facilities to improve the safety of the workers from patient violence and aggression is catalyzing the global market. Apart from this, the growing popularity of bodysuits to safeguard individuals during car accidents is acting as another significant growth-inducing factor. Furthermore, the rising number of customization services offered by the leading manufacturers which combine advanced engineering with high-quality materials to produce state-of-the-art protective gear is expected to bolster the body armor market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

Soft Armors
- Plates and Inserts
- Shields
Hard Armors
- Plates and Inserts
- Shields
Helmets
Others

Breakup by Type:

Covert
Overt

Breakup by Level:

Level II
Level IIA
Level III
Level IIIA
Level IV

Breakup by Material:

Steel
Ultra-High Molecular Weight Polyethylene (UHMWPE)
Aramid
Composite Ceramic
- Aluminium Oxide
- Boron Carbide
- Silicon Carbide
- Others
Others

Breakup by Application:

Military
Civil
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Armored Republic LLC.
BAE Systems Plc
Ballistic Body Armor Pty
Craig International Ballistics Pty. Ltd.
Hellweg International PTY Ltd.
Honeywell International Inc.
Kejo Limited Company
Pacific Safety Products Inc
Point Blank Enterprises Inc.
Safariland LLC. (Maui Acquisition Corp.)
The 3M Company and U.S. Armor Corporation

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Fiber Laser Market Size, Outlook, Trends & Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “Fiber Laser Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global fiber laser market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the fiber laser market?

The global fiber laser market size reached US$ 2.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2028, exhibiting a growth rate (CAGR) of 9.2% during 2023-2028.

What is fiber laser?

A fiber laser uses an optical fiber as an active medium doped in rare-earth elements like erbium, ytterbium, neodymium, thulium, praseodymium, holmium, and dysprosium. It is alignment and maintenance-free and offers advantages, including adaptability, compactness, reliability, cost-effectiveness and high energy levels.It is currently available in numerous forms, which can be adopted for welding heavy sheets of metal and producing femtosecond pulses.

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What are the growth prospects and trends in the fiber laser industry?

Rapid industrialization, in confluence with the rising adoption of advanced technologies to enable automation in various manufacturing processes, represents one of the key factors bolstering market growth. Apart from this, due to the growing prevalence of chronic diseases among individuals, fiber lasers are gaining traction in the healthcare industry. They are used in dentistry, photodynamic therapy, and biomedical sensing for mid-infrared spectroscopy. Moreover, with the rising demand for electric vehicles (EVs), the application of fiber lasers is anticipated to rise in the internal combustion engines (ICEs).

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

Infrared Fiber Laser
Ultraviolet Fiber Laser
Ultrafast Fiber Laser
Visible Fiber Laser

Breakup by Application:

Cutting
Welding
Marking
Fine and Micro Processing
Medical
Others

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

ABB Ltd.
Amonics Limited
Apollo Instruments Inc.
Coherent Inc.
Cy-laser S.r.l.
IPG Photonics Corporation
MKS Instruments Inc.
Omron Corporation
NKT Photonics A/S
Toptica Photonics
Trumpf GmbH + Co. KG

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IMARC Group

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