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Dark Spirits Market Outlook and Forecast 2024-2032

The global dark spirits market size reached a value of nearly USD 98.69 billion in 2023 and is projected to grow at a CAGR of 6.5% during the forecast period from 2024 to 2032, attaining approximately USD 173.93 billion by 2032. This comprehensive blog explores the market outlook, detailed report overview, market size, dynamics, drivers, challenges, segmentation, recent developments, component insights, end-user insights, regional insights, key players, market trends, industry news, and application insights. Additionally, it addresses six frequently asked questions with in-depth answers.

Market Outlook

The dark spirits market is poised for substantial growth over the next decade, fueled by rising consumer preferences for premium and craft spirits, increased disposable incomes, and the growing popularity of cocktail culture. The market is expected to witness robust demand across various regions, driven by evolving consumer tastes and innovative product offerings.

Report Overview

This market report provides an exhaustive analysis of the global dark spirits market from 2024 to 2032. It includes insights into market size, growth rate, key drivers, challenges, and trends. The report aims to equip stakeholders with the necessary information to navigate the market and capitalize on emerging opportunities.

Market Size

In 2023, the global dark spirits market was valued at nearly USD 98.69 billion. With a projected CAGR of 6.5%, the market is expected to reach around USD 173.93 billion by 2032. The market’s growth is fueled by increasing demand for premium spirits, rising consumer interest in craft beverages, and expanding distribution networks.

Market Dynamics

Market Drivers

Rising Demand for Premium Spirits: The growing preference for premium and high-quality spirits among consumers is a significant driver of market growth.
Expanding Cocktail Culture: The increasing popularity of cocktail culture, particularly among millennials, is boosting the demand for dark spirits.
Increasing Disposable Incomes: Rising disposable incomes, particularly in emerging economies, are enabling consumers to spend more on premium alcoholic beverages.
Innovative Product Offerings: Continuous innovations and new product launches by key players are attracting a broader consumer base.

Key Market Challenges

Stringent Regulations: Strict government regulations and taxation policies related to the production and sale of alcoholic beverages can pose challenges to market growth.
Health Concerns: Growing awareness of health risks associated with excessive alcohol consumption can impact market demand.
Economic Uncertainties: Economic fluctuations and uncertainties can affect consumer spending on discretionary products like premium spirits.

Segmentation

By Product Type

Whiskey: Dominates the market due to its wide consumer base and variety of offerings.
Rum: Gaining popularity for its versatility in cocktails and unique flavors.
Brandy: Preferred for its rich taste and association with premium quality.
Others: Includes dark spirits such as tequila and dark gin, which are growing in popularity.

By Distribution Channel

Off-trade: Includes retail outlets, supermarkets, and online stores where consumers purchase spirits for home consumption.
On-trade: Comprises bars, restaurants, and hotels where spirits are consumed on the premises.

Recent Developments

Product Innovations: Companies are launching new variants of dark spirits with unique flavors and aging processes to attract consumers.
Strategic Partnerships: Key players are forming alliances to expand their market presence and distribution networks.
Sustainability Initiatives: Increasing focus on sustainable production practices and eco-friendly packaging.

Component Insights

Ingredients

Grains: Essential for whiskey production, including barley, rye, and corn.
Sugarcane: Primary ingredient for rum production.
Fruits: Used in brandy production, particularly grapes.

Production Processes

Distillation: Crucial for extracting the alcohol content and enhancing the flavor profile.
Aging: Key to developing the rich flavors and aromas characteristic of dark spirits.
Blending: Combines different batches to achieve a consistent and balanced final product.

End-user Insights

Individual Consumers: Growing segment as more individuals explore premium and craft spirits for home consumption.
Commercial Establishments: Includes bars, restaurants, and hotels that offer a variety of dark spirits to cater to diverse consumer preferences.

Regional Insights

North America: Largest market due to high consumer spending on premium spirits and the popularity of cocktail culture.
Europe: Significant market driven by traditional consumption of whiskey and brandy.
Asia-Pacific: Fastest-growing market with increasing disposable incomes and expanding urbanization.

Key Players

Anheuser-Busch InBev SA/NV: Known for its extensive portfolio and innovative marketing strategies.
Asahi Group Holdings, Ltd.: Offers a variety of high-quality spirits with a focus on premium products.
Kirin Brewery Company, Limited: A leading player with a strong presence in the Asian market.
Suntory Holdings Limited: Renowned for its premium whiskey and innovative product offerings.
Diageo Plc: A market leader with a diverse portfolio of well-known dark spirits brands.
Others: Various emerging players contributing to market growth through innovative solutions.

Market Trends

Craft Spirits Movement: Increasing demand for craft spirits and small-batch productions.
Sustainable Practices: Growing emphasis on sustainability and eco-friendly production methods.
E-commerce Growth: Rising popularity of online platforms for purchasing dark spirits.

Industry News

New Product Launches: Companies are regularly introducing new dark spirits variants with unique aging processes and flavors.
Strategic Collaborations: Partnerships between key players to leverage technology and expand market reach.
Regulatory Changes: Impact of evolving regulations on the production and sale of dark spirits.

Application Insights

Home Consumption

Dark spirits are increasingly consumed at home, driven by the rise of home cocktail making and premiumization trends. Consumers are exploring new flavors and premium options to enjoy sophisticated drinking experiences at home.

Commercial Establishments

Bars, restaurants, and hotels are significant consumers of dark spirits. The growing trend of craft cocktails and premium drink offerings in these establishments is boosting demand for high-quality dark spirits.

FAQs

1. What is driving the growth of the dark spirits market?

The market growth is driven by rising demand for premium spirits, expanding cocktail culture, increasing disposable incomes, and continuous product innovations by key players.

2. What are the key challenges faced by the dark spirits market?

Key challenges include stringent regulations, health concerns related to alcohol consumption, and economic uncertainties affecting consumer spending.

3. Which regions are leading the dark spirits market?

North America is the largest market, followed by Europe and Asia-Pacific. Asia-Pacific is the fastest-growing market due to increasing disposable incomes and expanding urbanization.

4. Who are the key players in the dark spirits market?

Key players include Anheuser-Busch InBev SA/NV, Asahi Group Holdings, Ltd., Kirin Brewery Company, Limited, Suntory Holdings Limited, Diageo Plc, and others.

5. What are the recent developments in the dark spirits market?

Recent developments include product innovations, strategic partnerships, and sustainability initiatives aimed at meeting consumer demand for high-quality, eco-friendly products.

6. How is the dark spirits market expected to evolve from 2024 to 2032?

The market is expected to grow at a CAGR of 6.5% during the forecast period, driven by increasing demand for premium spirits, rising cocktail culture, and continuous product innovations.

Global Fibreglass Pipes Market (2024-2032): Piping Hot Growth

In 2023, the global fibreglass pipes market size surged to a scorching value of more than USD 5.99 billion, illuminating its pivotal role in various industries. As we embark on the journey from 2024 to 2032, this red-hot market is expected to maintain its sizzling growth, projected at a Compound Annual Growth Rate (CAGR) of 5.4%. By 2032, it is anticipated to reach an impressive valuation of USD 9.58 billion. This article delves deep into the fibreglass pipes market, providing comprehensive insights into its market dynamics, segmentation, recent developments, and the driving factors behind its expansion.

Market Outlook

The fibreglass pipes market is poised for significant expansion in the coming years, driven by its exceptional properties such as corrosion resistance, durability, and lightweight nature. As industries increasingly seek sustainable and cost-effective piping solutions, fibreglass pipes are emerging as a preferred choice across applications ranging from water and wastewater management to chemical and oil industries.

Report Overview

This comprehensive analysis offers a detailed overview of the fibreglass pipes market from 2024 to 2032, encompassing market size, dynamics, segmentation, and future prospects.

Market Size and Dynamics

From a value of USD 5.99 billion in 2023, the market is projected to experience robust growth, with key drivers including:

Corrosion Resistance: Fibreglass pipes’ ability to withstand corrosive environments makes them ideal for chemical and industrial applications.
Durability: Their longevity and low maintenance requirements reduce life-cycle costs.
Infrastructure Development: Investments in water and wastewater management infrastructure contribute to market growth.

Market Segmentation

The fibreglass pipes market is segmented based on resin type, diameter, end-user, and region, reflecting its diverse applications and adaptability.

Resin Type:
- Epoxy
- Polyester
- Vinyl Ester
- Others
Diameter:
- Small Diameter Pipes
- Medium Diameter Pipes
- Large Diameter Pipes
End-user:
- Water & Wastewater Management
- Chemical & Industrial
- Oil & Gas
- Others
Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa

Recent Developments

Technological advancements have transformed the fibreglass pipes industry, with innovations in resin formulations, manufacturing processes, and joining methods enhancing performance and efficiency.

Component Insights

Key components of fibreglass pipes include the resin matrix, reinforcement fibers, and the liner. Advanced materials and manufacturing techniques are driving improvements in pipe performance.

End-user Insights

Fibreglass pipes cater to diverse end-users, from municipal water treatment plants to chemical processing facilities and oil exploration sites.

Regional Insights

The market exhibits regional variations:

North America and Europe are mature markets with extensive infrastructure applications.
Asia-Pacific is a high-growth region, driven by urbanization and industrialization.
Latin America and Middle East & Africa are emerging markets, focusing on water and wastewater management and oil exploration.

Key Players

Leading companies in the fibreglass pipes market include

Hobas Technology (Amiblu Holding GmbH)
Russel Metals Inc.
Fibrex Construction Group
Gruppo Sarplast
NOV Inc.
Saudi Arabian Amiantit Co

These players are at the forefront of innovation and sustainability in the industry.

Market Trends

Green Composites: The development of eco-friendly composites in fibreglass pipes.
Rising Demand in Oil & Gas: Fibreglass pipes find extensive use in offshore and onshore oil and gas exploration.
Large Diameter Pipes: Increasing demand for large-diameter fibreglass pipes in industrial applications.

Industry News

Strategic partnerships, mergers, and acquisitions are shaping the competitive landscape as companies seek to expand their product portfolios and geographical presence.

Application Insights

Fibreglass pipes are versatile, serving a wide range of applications:

In water and wastewater management, they offer corrosion resistance and durability.
In chemical and industrial sectors, they provide a reliable and cost-effective solution.
In oil and gas exploration, they are preferred for their lightweight and corrosion-resistant properties.

FAQs

Q1: What makes fibreglass pipes corrosion-resistant?
A1: Fibreglass pipes are composed of corrosion-resistant resins and reinforcement fibers that make them ideal for harsh environments.

Q2: Are fibreglass pipes suitable for large-diameter applications?
A2: Yes, fibreglass pipes are increasingly used in large-diameter applications due to their strength and durability.

Q3: How do fibreglass pipes contribute to sustainability?
A3: They have a long lifespan, require less maintenance, and are recyclable, reducing environmental impact.

Q4: What industries benefit from fibreglass pipes?
A4: Industries such as water and wastewater management, chemicals, industrial, and oil and gas find fibreglass pipes valuable.

Q5: What are the key trends in fibreglass pipe manufacturing?
A5: Trends include the use of green composites, advancements in joining methods, and enhanced liner materials.

Q6: How are fibreglass pipes addressing the growing demand for water and wastewater management?
A6: Fibreglass pipes offer a corrosion-resistant and cost-effective solution for water and wastewater infrastructure.

Global Savoury Biscuits Market Size, Share, Trends, Growth, Analysis, Report, Forecast 2023-2028

The new report by Expert Market Research titled, ‘Global Savoury Biscuits Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global savoury biscuits market, assessing the market based on its segments like ingredients, categories, distribution channels, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 5.90%

The rising inclination of people towards healthy ready-to-eat snacks that are baked and not fried is driving the growth of the savoury biscuits industry. The prevalence of medical conditions, such as obesity and the growing health consciousness, is leading many to consume high fibre, low sugar fat, reduced sodium, and gluten-free savoury biscuits, thereby invigorating the market.

The expanding e-commerce, easy accessibility of nutritious ingredients, and increasing purchasing power are contributing to the steady growth of the market. The increasing bakeries, savoury biscuit producing factories, and home baking business will likely aid the savoury biscuits industry in the forecast period.

Industry Definition and Major Segments

Savoury biscuits, also called water biscuits, are snacks that are available in various textures, shapes, natural ingredients, and ethnic flavours. They are prepared through different stages, such as mixing, forming, baking, and cooling. They can be homemade and factory-made. They are healthy as they are prepared using organic ingredients without adding any synthetic flavours.

The savoury biscuits industry, by ingredient, is divided into

Millets
Wheat
Multigrain
Others

Based on category, the market is segmented into:

Gluten free
Conventional

On the basis of distribution channel, the market is classified into:

Speciality stores
Supermarkets
Convenience stores
Online retail
Others

The regional markets for savoury biscuits include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The government initiatives towards improving the food processing industry and promoting value-added products are leading to the incremental development of the savoury biscuits industry. For instance: In July 2021, the Government of India launched a Production Linked Incentive Scheme under “AatmaNirbhar Bharat Abhiyaan for Enhancing India’s Manufacturing Capabilities and Enhancing Exports”, which includes incentivising manufacturing ready to eat (RTE) foods, including millets-based products.

Moreover, the efforts taken by the leading industry players in introducing biscuits of different tastes that meet customer expectations are also bolstering the savoury biscuits industry. Arnott’s Ltd. offers diverse savoury biscuits such as flatbread dippers, shapes, and crackers. Such developments are anticipated to impel the savoury biscuits industry in the forecast period.

Key Market Players

The major players in the market are Nestle S.A., Kellogg Company, Britannia Industries Limited, ITC Limited, Parle Products Private Ltd. (PPPL), Kambley SA, and Lotus Bakeries NV, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Refrigeration Monitoring Market- https://www.expertmarketresearch.com/reports/refrigeration-monitoring-market

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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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Global Asphalt Additives Market Size, Share, Trends, Growth, Analysis, Report, Forecast 2023-2028

The new report by Expert Market Research titled, ‘Global Asphalt Additives Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global asphalt additives market, assessing the market based on its segments like types, applications, and major regions.

The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 6.7%

The global asphalt additives market is being driven by the rising application of the product in the building and construction industry owing to the rapid infrastructure development, increasing investments by the government towards maintaining the roads, and rapid urbanisation in the emerging economies.

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In addition to this, the increasing investments towards the development of domestic and international airports owing to the increasing number of travellers are likely to propel the demand for asphalt additives in the forecast period. Geographically, the Asia Pacific region accounts for a significant share in the market owing to the rising demand for the product from the residential construction sector.

Industry Definition and Major Segments

Asphalt additives refer to the substances or chemicals which are added to asphalt, in order to boost the overall performance of the material. Reduction in stripping, raveling, cracking, permanent deformation, and increased thickness of pavement, are some of the major advantages of asphalt additives. The significant end-user industries of asphalt additives include building and construction.

On the basis of type, the market has been segmented into:

Polymerised Asphalt Cement
Novophalt
Multigrade Asphalt Cement
Polyester Modifier
Others

The major applications of the product include:

Road Construction
Road Paving
Airport Runway
Parking Lots
Roofing
Others

The regional markets for asphalt additives include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The full paced construction of airports, expressways, footpaths, roads, apartments, and public administration buildings, owing to the rising investments in the urban development projects in the emerging economies are anticipated to be the key trends in the market.

In addition, the emergence of multi housing projects across various continents is anticipated to propel the demand for asphalt additives in the forecast period. The rapid development of hotels, restaurants, pubs, and manufacturing facilities is likely to aid the market in the forecast period.

Key Market Players

The major players in the market are Cargill, Inc., Evonik Industries AG, Honeywell International Inc., The Dow Chemical Company, and Arkema S.A., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.\

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Global Xanthan Gum Market Size, Share, Trends, Growth, Analysis, Report, Forecast 2023-2028

The new report by Expert Market Research titled, ‘Global Xanthan Gum Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global xanthan gum market, assessing the market based on its segments like forms, functions, applications, and regions.

The key highlights of the report include:

Market Overview (2018-2028)

Historical Market Size (2022): USD 1080.69 Million
Forecast CAGR (2023-2028): 6.10%
Forecast Market Size (2028): USD 1541.68 Million

The xanthan gum market is being driven by the thriving food and beverage industry in the emerging economies across the world. Xanthan gum is widely used as a thickening agent in the food and beverage industry and can enhance the texture of the food, which makes it applicable in diversified cuisines. The worldwide increase in the sales of condiments owing to their increasing inclination application in the clean-labelled food products are anticipated to augment the market in the forecast period.

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In addition to this, the growing popularity of bakery and confectionary products, such as biscuits, pastries, and cake, among others, is anticipated to further propel the market growth. Moreover, the growing utility of xanthan gum in the oil and gas industry as a viscosifier is likely to provide further impetus to the market growth in the forecast period. Geographically, North America is anticipated to witness a steady growth in the forecast period owing to the growing expansion of the oil and gas, personal care and cosmetics industry.

Industry Definition and Major Segments

Xanthan gum refers to a polysaccharide which possesses properties such as stability to heat, stability to acid and alkali and stability to salt. The compound is procured by the fermentation of carbohydrates present in Xanthomonas Campestris. It is widely used as a thickening agent. In addition to this, the product is extensively used in various industry verticals, such as oil and gas, pharmaceutical, and cosmetics, among others.

On the basis of form, the market is bifurcated into:

Liquid
Powder

The significant functions of xanthan gum include:

Thickening Agent
Stabilising Agent
Suspending Agent
Fat Replacer
Others

The major applications of xanthan gum include:

Food and Beverages
Oil and Gas
Pharmaceuticals
Cosmetics
Others

The regional markets for xanthan gum include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The increasing sales of the personal care and cosmetics products owing to the emergence and expansion of e-commerce giants, such as Amazon, is likely to be a key trend in the market. Meanwhile, the growing R&D activities in the pharmaceutical industry owing to the rising cases of chronic illness is likely to be another major trend in the market, which will propel the demand for xanthan gum in the forecast period.

The global increase in the demand for natural gas and crude oil is anticipated to invigorate the global oil and gas industry, which will propel the demand for xanthan gum in the forecast period.

Key Market Players

The major players in the market are Cargill, Incorporated, Archer Daniels Midland Company, BASF SE, Ingredion Incorporated, and Deosen Biochemical Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Global Thermal Spray Coating Market Size, Share, Trends, Growth, Analysis, Report, Forecast 2023-2028

The new report by Expert Market Research titled, ‘Global Thermal Spray Coating Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global thermal spray coating market, assessing the market based on its segments like materials, processes, end use industries, and major regions.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/thermal-spray-coating-market/requestsample

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2021): USD 8.97 Billion
• Forecast CAGR (2023-2028): 6.06%
• Forecast Market Size (2027): USD 12.75 Billion

The market growth of thermal spray coating can be attributed to the growing demand for ceramics. As ceramic has high availability and cost-effectiveness, it is increasingly being used in thermal spray coatings. With the growing preference for ceramic coatings in various end-use sectors like automobile, healthcare, and aerospace, among others, the market for thermal spray coating is witnessing robust growth.

Furthermore, the robust growth of the plasma spraying process owing to its ability to spray diverse materials, ranging from metals to ceramics, is significantly contributing to the growth of the market. The market’s expansion can also be associated with the increasing investments in the aerospace and automotive sectors.

Industry Definition and Major Segments

Thermal spray coating is a coating process that enables the deposition of ceramics, metals, and alloys in layers with substantial thickness for engineering applications. The coating is typically used in various end-use sectors for reclamation and component protection. Moreover, thermal spray coatings are extensively used in the manufacturing of diesel engines, journals, gas turbines, oil field equipment, and medical implants, among others.

By materials, the industry can be divided into:

• Ceramics
• Metal and Alloys
• Others

The market, based on processes, is segmented into:

• Flame Spraying
• Arc Spraying
• Plasma Spraying
• High-Velocity Oxygen Fuel (HVOF)
• Others

Based on end use industries, the market is classified into:

• Automotive
• Aerospace
• Industrial
• Others

The regional markets of thermal spray coating are:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The market is being fuelled by the growing demand for thermal spray coating in the automotive sector. This can be attributed to the rising deployment of thermal spray coating to coat brake discs, cylinder rings, exhaust pipes, crankshafts, and shifters, among others.

As thermal spray coatings offer enhanced reliability and durability, they are increasingly utilised in automotive components of premium vehicles, hence invigorating the market. In addition, the growing use of thermal spray coatings in medical implants is bolstering the growth of the market. With the extensive demand for thermal spray coatings in aerospace applications and the rising investments in the aerospace sector, the market is poised to witness robust growth in the coming years.

Key Market Players

The major players in the market are Dupont De Nemours, Inc., 3M Company, A&A Company, Inc., Morgan Advanced Materials PLC, and CoorsTek, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Global Sun Visor Market Size, Share, Trends, Growth, Analysis, Report, Forecast 2023-2028

The new report by Expert Market Research titled, ‘Global Sun Visor Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global sun visor market size, assessing the market based on its segments like surface materials, types, vehicle types, sales channels, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/sun-visor-market/requestsample

The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 2.6%

The global market for sun visors is being driven by the deployment of sun visors in the interior of a vehicle to protect the passengers and the driver from direct sunlight. Accidents caused by hampered vision due to excess sunlight are rising at an alarming rate, and thus necessitating the need for sun visors.

Additionally, Sun visors can play a vital role in maintaining a vehicle’s temperature by blocking direct sunlight and thereby minimising heat damage on the interiors of the vehicle, hence providing impetus to the market. Furthermore, rising awareness for safety and security among consumers and the rising expenditure on vehicle interiors is propelling the demand for sun visors in automotive. The surge in the market can also be linked to shifts in manufacturing practices focused on installing safety and security features.

Industry Definition and Segmentation

Sun visors are accessories used to protect the user from extreme sunlight. In the fashion industry, sun visors primarily refer to hats. In the automobile industry, sun visors are vehicle accessories located in the interior of the vehicles above the windshield to protect the driver and passengers from sunlight glares.

On the basis of surface material, the market can be divided into:

Fabric
Vinyl
Others

Based on type, the market can be segmented into:

Conventional Type

LCD Sun Visor

The market, based on vehicle type, the market can be categorised into:

Passenger Vehicle
Commercial Vehicle

On the basis of sales channel, the market can be classified into:

Original Equipment Manufacturer (OEM)
Aftermarket

The regional markets for the product include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The global market for sun visors is being augmented by the vital role played by sun visors in protecting the drivers and passengers from sun glares. Most cars have two sun visors, one for the driver’s seat, and the other one on the passenger side. They are designed with a hinged flap and can be adjusted to help shade the eyes of drivers and passengers from the glare of sunlight. This has been driving the growth of the market. The flexible design that allow sun visors to be adjusted sideways or down ways to help block sunlight entering through the windshield of windows are further adding to the growth of the market. Moreover, innovations in sun visor manufacturing such as the introduction of LCD sun visors by leading market players.

Key Market Players

The major players in the market are Irvin Automotive Products, Inc., Grios s. r. o., Grupo Antolin, Atlas Holdings, Kasai Kogyo Co., Ltd., and Kyowa Sangyo Co., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Global Smart Waste Management Market Size, Share, Trends, Growth, Analysis, Report, Forecast 2023-2028

The ‘Global Smart Waste Management Market Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global smart waste management market, assessing the market on the basis of its segments like waste type, method, source, and major regions.

Smart Waste Management Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

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The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2021): USD 2.2 billion
• Forecast CAGR (2023-2028): 10.87%
• Forecast Market Size (2027): USD 4.3 billion

With increasing usage and adoption of Internet of Things (IoT) technology for city monitoring, infrastructure management, and rapid urbanisation, the smart waste management market growth is expected to propel. It is also expected to aid the adoption of IoT among smart cities’ services and solutions over the coming timeframe. The benefit of smart waste management is in handling waste by monitoring systems and employing sustainable waste management by aiding IoT, sensors, and data analytics, which is further likely to bolster the market growth of smart waste management.

Rapid industrialisation is likely to generate a large amount of waste as well. To manage this waste, intelligence waste management systems are needed, thereby fuelling the smart waste management market size during the forecast period. The increasing initiatives for smart cities such as the rise in smart city infrastructure, especially in emerging economies, is likely to drive the market growth of smart waste management.

Due to the surging environmental awareness for sustainable waste management, the market growth of smart waste management is expected to bolster over the upcoming years. Moreover, smart waste management solutions minimise fuel costs, as well as consumption. There is also no requirement for a physical check for containers owing to the utilisation of smart dumpsters, which are anticipated to propel the demand for the smart waste management market.

Smart Waste Management Industry Definition and Major Segments

Smart waste management refers to utilising data and technology to generate a more efficient waste industry. Smart waste management focuses on augmenting resource allotment, enhancing the sustainability of waste services, and minimising running costs using IoT technology. It aims to solve solid waste management problems with help of intelligent monitoring systems and sensors, along with various mobile applications.

On the basis of waste type, the market is divided into:

• Solid Waste
• Special Waste
• E-Waste

Based on method, the market is segmented into:

• Smart Collection
• Smart Processing
• Smart Disposal

By source, the market is categorised into:

• Residential
• Commercial
• Industrial

By region, the market is segmented into:

• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa

Smart Waste Management Market Trends

The reduction of carbon footprints owing to the additional strategic planning of garbage collection trucks with real-time data is likely to propel the small waste management market trend over the forecast period. Also, smart waste management solutions advantage over traditional waste collection systems is that it is environmentally friendly which is likely to positively influence the market demand.

The surging adoption of connective-technology-based products in smart waste management is anticipated to augment the market. Technologies such as radio frequency identification (RFID) tags, sensor-based containers, vacuum containers, and disposal tags provide real-time management and tracking of solid municipal waste.

Based on region, the Asia Pacific is anticipated to witness significant growth in the smart waste management market share on account of the growing urban population coupled with increasing smart city infrastructure. Furthermore, route optimisation would prevent overflowed trash bins, focusing on almost full ones, facilitating smart waste management. This is further anticipated to boost the market demand for smart waste management across the globe in the coming years.

Meanwhile, the North American region is expected to witness growth in the smart waste management market trends over the upcoming years. This is owing to the high investment in smart city projects by major players coupled with innovative solutions and services to manage waste. Other market supporting factors are an increase in awareness regarding waste management among people and a rise in smart bins usage across the region.

Smart cities are focused on the efficient usage of resources by achieving more while employing less input. Thus, one of the advantages is the accessibility of real-time data, permitting for decisions to be made quickly which is further likely to fuel the demand for smart waste management across the globe.

Key Market Players

The major players in the global smart waste management market report are:

Covanta Holding Corporation
Veolia Environnement S.A.
Republic Services, Inc.
Sensoneo j.s.a.
BigBelly, Inc.
Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

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Global Refrigeration Monitoring Market Size, Share, Trends, Analysis, Report, Forecast 2023-2028

The new report by Expert Market Research titled, ‘Global Refrigeration Monitoring Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global refrigeration monitoring market, assessing the market based on its segments like offerings, sensors, applications, industries, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/refrigeration-monitoring-market/requestsample

The key highlights of the report include:

Market Overview (2018-2028)

Historical Market Size (2022): USD 7.7 Billion
Forecast CAGR (2023-2028): 8.4%
Forecast Market Size (2028): USD 12.5 Billion

Increase in demand for quality packaged foods and organic food products owing to increase in awareness among the consumers, change in consumption behaviour, rise in number of quick-service restaurants and supermarkets and need for reduction of food wastage by keeping it fresh for longer period are driving the growth of the market and are expected to continue do so in the future as well.

In addition, increase in food retail chains in developing countries and the rise in demand for refrigeration systems in grocery stores, supermarkets, and convenience stores are anticipated to drive the market growth. Interactive notification and remote-control features of refrigeration monitoring systems are expected to further boost the refrigeration monitoring market growth.

Industry Definition and Major Segments

Refrigeration is a heat removal process from an enclosed space in an attempt to lower the temperature. A refrigeration monitoring possesses advanced IoT sensors, monitors the temperature in the refrigeration system and provides alerts for temperature fluctuations in artificial cooling system.

On the basis of offering, the market can be divided into:

Hardware
Software
Services
Others

Based on sensor, the market can be divided into:

Temperature Sensor
Defrost Sensors
Liquid Level Sensors
Pressure Sensor
Gas Detector
Motion Sensor
Touch Sensors
Contact Sensors
AC Current Sensors
Water Detection Sensors

On the basis of application, the market can be segmented into:

Transportation
Storage

On the basis of industry, the market can be segmented into:

Food and Beverage
Pharmaceuticals
Chemicals
Hospitals
Residential
Others

Global refrigeration monitoring market by region:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

Major players in the refrigeration monitoring market are looking to develop advanced products and solutions that can produce eco-friendly technologies by conserving power and reducing carbon emissions. Various government initiatives and ongoing technological advancements like the use of IoT and AI are expected to provide vast number of opportunities to the players in the refrigeration monitoring market.

The increasing market penetration of internet connection and the widespread use of smartphones are assisting the expansion of such digital technologies, giving the market a boost. The presence of many active players in the market shows the intensity of competitive landscape of the refrigeration monitoring market. These players are using various strategies to expand their business, which includes mergers, acquisitions, collaboration, and partnerships which in turn, are expected to bolster the growth of the refrigeration monitoring market.

Key Market Players

The major players in the global refrigeration monitoring market are Zebra Technologies Corporation, Emerson Electric Co., Danfoss, Daikin Industries, Ltd., and Samsara Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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India Air Purifier Market Size, Share, Trends, Growth, Analysis, Report, Forecast 2023-2028

The new report by Expert Market Research titled, ‘India Air Purifier Market Share, Report and Forecast 2023-2028, gives an in-depth analysis of the India air purifier market, assessing the market based on its segments like mounting types, technologies, applications, and major regions.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/india-air-purifier-market/requestsample

The key highlights of the report include:

Market Overview (2018-2028)

Historical Market Size (2022): Nearly USD 100.41 million
Forecast CAGR (2023-2028): 6%
Forecast Market Size (2028): About USD 597.11 million

The rise in the Indian market for air purifiers can be determined by the rapidly deteriorating air quality in Indian states like Punjab, Haryana, and Delhi, among others. The increasing air pollution caused by vehicular combustion burning, stubble burning, and extreme winter conditions hinders the movement of the air and causes smog, which is surging the demand for air purifiers. Moreover, the emergence of various airborne diseases and health conditions such as bronchitis, asthma, acute headaches, and throat pains, among others, is augmenting the market for air purifier in the country.

The growing awareness regarding the contamination of indoor air than the outside air is increasing the demand for air purifiers, thus providing impetus to the market growth. Further, the increasing cost-effectiveness of air purifiers in the country is surging their utilisation in Indian households, thereby boosting the market growth.

Industry Definition and Segmentation

Air purifiers are equipment that removes contaminants from an enclosed room to improve indoor air quality. These air purifiers contain filters and fans that function by sucking the air, passing through filters to absorb undesirable particles.

On the basis of mounting types, the market can be segmented into:

Fixed
Portable

Based on technology, the market can be categorised into:

High-Efficiency Particulate Air (HEPA)
Activated Carbon
Ionic Filters
Others

The market, based on application, can be divided into:

Commercial
Residential
Industrial

The regional markets of the product include:

North India
South India
West India
East India

Market Trends

Advancements in air purification technology are leading factors expanding the market for air purifiers in India. The growing popularity of air purifiers containing High-Efficiency Particulate Air (HEPA) filters that constitute high-velocity air designed to dry out viruses is providing impetus to the market. The rising demand for air purifiers that can efficiently eliminate microbes, in the wake of the coronavirus pandemic, is adding to the overall growth of the market. Furthermore, advancements in breakthrough UV light to collect and completely eliminate unwanted microorganisms are estimated to significantly contribute to the growth of the market in the forecast period.

Key Market Players

The major players in the market are Dyson Technology India Pvt Ltd, Blue Star Limited., Radic8 Pte Ltd., Daikin Airconditioning India Pvt. Ltd., and Elofic Industries Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.