Market Trends and Growth: March 2024

Wednesday 27 March 2024

Graphene Market Size To Reach $1.60 Billion By 2030

The global Graphene Market is anticipated to reach USD 1.60 billion by 2030 and is anticipated to expand at a CAGR of 35.1% during the forecast period, according to a new report by Grand View Research, Inc. The increasing penetration of graphene in various end-use industries such as automotive, electronics, aerospace, construction, and medical is expected to boost the market’s demand. In addition, rising demand from various multi-national companies and research institutions for research and development purposes is further expected to escalate market growth.

The ongoing research and development in graphene production is also expected to boost product utilization in various applications. For instance, the flash joule heating technique identified in 2020 showed promising results. Studies have demonstrated that the carbon-carbon bonds are reorganized into a graphene structure when significant amounts of electricity is passed through any carbon source. By using this method, any carbon-containing material, such as coal or even trash, can be converted into numerous pounds of high-quality graphene at a comparatively low cost.

Current manufacturing methods are capital-intensive as well as require high energy and resource costs. While current amounts of graphene available in market can meet demands of researchers, full commercialization market is still in early phases. The process of developing a novel material, its manufacturing, and application for a company involves many pounds of graphene powder and hundreds of graphene sheets, as well as a significant amount of time and work. This could pose a challenge for the manufacturers of graphene.

The market is governed by a complex regulation that encompasses safety, health, and environmental concerns. The manufacturing, handling, and application of graphene materials are heavily regulated by national and international regulatory authorities. These strict guidelines include potential health risks and environmental impact while ensuring the proper production and usage. Market participants are anticipated to benefit from compliance with these regulations by gaining a competitive edge over their competitors.

The market is highly dynamic and exhibits intense competition, owing to the presence of various small and medium-scale manufacturers. Key industry participants emphasize investments in research & development and product innovations in order to gain a competitive edge.

List of Key Players in the Graphene Market

Applied Graphene Materials
2D Carbon Graphene Material Co., Ltd.
Thomas Swan & Co. Ltd.
Graphene Laboratories, Inc.
Graphensic AB
GRAPHENE SQUARE INC
AMO GmbH
Talga Group
ACS Material
BGT Materials Limited, Ltd.
CVD Equipment Corporation
Directa Plus S.p.A.
Grafoid Inc
Graphenea
NanoXplore Inc.
HAYDALE GRAPHENE INDUSTRIES PLC
Zentek Ltd.

Related Press Release@ Graphene Market Report

Graphene Market Report Highlights

Graphene oxide dominated the technology segment with more than 47.0% share in 2023 owing to its superior characteristics, including excellent thermal and electrical conductivity, transparency, permeability, and strength.
Reduced graphene oxide segment is expected to grow at the fastest CAGR over the forecast period.
Electronic component segment held the largest market share in 2023. Composite application is anticipated to witness fastest growth over the forecast period.
The automotive end-use segment dominated the market in 2023. The growth of this industry can be attributed to the rising disposable income and increasing purchasing power of the middle-income population in emerging economies.
Asia Pacific dominated the market owing to the presence of a large number of manufacturers and consumers. Increasing production volumes in various sectors including automobile, marine, defense, and aerospace are expected to drive the market in this region over the forecast period.
Market players operating in market include Nanoxplore Inc.; Telga Group, Directa Plus S.p.A, Graphene Laboratories, Inc., GRAPHENE SQUARE INC, and ACS Material, Applied Graphene Materials, 2D Carbon Graphene Material Co., Ltd., Thomas Swan & Co. Ltd.
In March 2023, Directa Plus S.p.A. announced the partnership with Colombo Industrie Tessili. Both companies produced a new innovative fabric, obtained using a graphene-based dyeing treatment. The key characteristic of this new fabric is its thermal capability, which allows for consistent temperatures and heat dispersion. The dyeing technique of Graphene Plus on the fabric imparts antistatic properties required by the military and workplace, as well as antimicrobial, antibacterial, and antiviral properties to the cloth.

Graphene Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 256.7 million
Revenue forecast in 2030	USD 1,609.3 million
Growth Rate	CAGR of 35.1% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

Request For A Free Consultant @ https://www.grandviewresearch.com/request-free-consultation/102/rfc

Graphene Market Segmentation

Grand View Research has segmented the global graphene market on the basis of product, application, end-use, and region:

Graphene Product Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)

Graphene Nanoplatelets
Graphene Oxide
Reduced Graphene Oxide
Monolayer Graphene
Bulk Graphene
Others

Graphene Application Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)

Paints & Coatings
Electronic Components
Composites
Batteries
Solar Panels
Others

Graphene End-use Outlook (Volume, Tons; Revenue, USD Million; 2018 - 2030)

Automotive
Medical
Aerospace
Defense
Concrete Industry
Tires
Others

Graphene Region Outlook (Revenue, USD Million; 2018 - 2030)

North America

U.S.
Canada
Mexico

Europe

U.K.
Germany
France
Italy
Spain

Asia Pacific

Japan
China
India

Central & South America

Brazil

Middle East & Africa

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Tuesday 26 March 2024

Yoga Market Size To Reach $200.35 Billion By 2030

The global Yoga Market size is expected to reach USD 200.35 billion by 2030, registering a CAGR of 9.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Consumers are becoming increasingly aware of stress relief and mental health benefits associated with yoga which has led to a shift beyond physical fitness. The surge in health consciousness, coupled with a shift towards holistic lifestyles will drive the market growth. Studies demonstrating the effectiveness of yoga in managing various health conditions have fueled the demand for restorative yoga, therapeutic yoga, prenatal yoga, and hatha yoga. According to the WHO, every year hypertension affects over 1 billion adults worldwide. The population suffering from hypertension accounts for up to 45% of the adult population. By 2025, the number of people with hypertension is expected to increase by 15-20%, reaching almost 1.5 billion.

The integration of technology has allowed the yoga industry to expand its reach. Advancements such as online platforms, mobile apps, virtual reality (VR), and wearable tech have made yoga more accessible, enabling individuals to practice their homes. Moreover, the availability of digital platforms and mobile applications that offer virtual yoga classes has significantly widened access and participation. These platforms offer convenience and accessibility, allowing individuals to practice yoga remotely, access various classes, and learn from renowned instructors regardless of location. For instance, in September 2023, Cult. Fit, an India-based health and fitness brand, announced the launch of Evolve Yoga, a new evidence-based, transformative yoga format designed to enhance flexibility and mobility.

The popularity of yoga among high-profile celebrities and athletes is also influencing public perception and increasing its popularity. Moreover, busy lifestyles and increased stress drive demand for convenient and accessible fitness options like yoga. In addition, there has been an increase in the demand for yoga retreats and vacations focused on yoga. This trend provides tourism destinations with an opportunity to cater to the growing demand for yoga-related travel experiences. According to GWI, the global wellness tourism industry generated USD 651 billion in 2022, and it is expected to grow at a rate of 16.6% annually, with a projected value of USD 1.4 trillion in 2027.

Factors such as busy work schedules and rising disposable incomes in both developed and developing economies are allowing individuals to spend more on their health and well-being. This has led to a rise in investment in yoga classes, retreats, and accessories. In addition, the availability of free online resources, discount studios, and community classes has made yoga accessible to budget-conscious individuals. According to the CDC’s National Diabetes Statistics Report for 2022, around 37.3 million people, or 11.3% of the U.S. population, have diabetes. Research has shown that yoga can effectively improve glycemic control, reduce stress, and enhance overall well-being for individuals with diabetes.

Employers have realized the benefits of yoga in reducing stress, improving employee well-being, and enhancing productivity. This has led to the inclusion of yoga sessions as part of workplace wellness programs. Moreover, yoga studios partner with local organizations to encourage the participation of yoga practitioners and promote community well-being. For instance, in July 2022, CorePower Yoga announced a collaboration with Thompson Hotels to help people maintain fitness and wellness as part of their lifestyle and travel experiences. The rooftop workout classes are rooted in the mindfulness of yoga, and designed to transform the minds and bodies of guests, CorePower Yoga members, and locals.

List of Key Players in the Yoga Market

CorePower Yoga
Honor Yoga
Pure Yoga
Glo Digital, Inc.
YogaOne
YogaSix
Yoga Pod
MoreYoga
Power Yoga Canada
Flyogi LLC

Related Press Release@ Yoga Market Report

Yoga Market Report Highlights

Offline yoga course dominated the market in 2023. Offline yoga courses offer the advantage of direct interaction with a qualified yoga instructor who can provide personalized guidance and feedback, aiding in proper form and preventing injuries. These offerings are targeted at specific demographics or focused on specialized areas such as yoga for stress relief, therapeutic yoga, prenatal yoga, and yoga for athletes
Demand from male segment is expected to surge in the forecast period. Increasing awareness of its physical and mental benefits led to a significant rise in male participation. Men are becoming more aware of the diverse health benefits of yoga beyond traditional fitness routines. They appreciate yoga for its ability to improve flexibility, build strength, enhance balance, and complement other forms of exercise
30-50 years age group segment held the majority revenue share in 2023. Yoga becomes a means of stress reduction, fitness maintenance, and mental relaxation for individuals within this age bracket. Moreover, increased awareness of the benefits of managing chronic health conditions is supplementing the segment growth
Asia Pacific is anticipated to grow with the highest CAGR over the forecast period. This is due to factors such as rising disposable incomes and government initiatives promoting yoga through policies and initiatives for raising awareness of its benefits. Growing middle-class population, particularly in countries including China, India, South Korea, and Japan creates disposable income for premium yoga experiences and wellness activities

Yoga Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 116.57 billion
Revenue forecast in 2030	USD 200.35 billion
Growth rate	CAGR of 9.4% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

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Yoga Market Segmentation

Grand View Research has segmented the global yoga market based on delivery mode, end-use, age group, and region:

Yoga Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)

Online Yoga Course
Offline Yoga Course
Yoga Accreditation Training Programs
Others

Yoga End-user Outlook (Revenue, USD Million, 2018 - 2030)

Male
Female

Yoga Age Group Outlook (Revenue, USD Million, 2018 - 2030)

Below 18 Years
18-29 Years
30-50 Years
Above 50 Years

Yoga Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France
Italy
Spain

Asia Pacific

China
India
Japan
Australia & New Zealand

Central & South America

Brazil
Argentina

Middle East & Africa

South Africa
Saudi Arabia

Tuesday 5 March 2024

GCC Ceramic Tiles Market Industry Demand, Analysis and Future Trends 2030

The Global GCC Ceramic Tiles Market is anticipated to reach USD 15.74 billion by 2030 and is anticipated to expand at a CAGR of 7.3% during the forecast period, according to a new report by Grand View Research, Inc. Rising investment in construction projects by governments of Saudi Arabia, UAE, and Qatar to boost economic growth in their respective countries is expected to drive the construction industry, thereby, augmenting market demand over the forecast period.

Ceramic tiles manufacturing process has highly evolved over the past years. Requirement for high-quality materials with good efficiency levels has developed new firing and pressing technologies. Manufacturers have been trying to create technologies for simple, flexible, and low-cost production of ceramic tiles. Environmental pollution and waste disposal have always been a major concern for the manufacturers. They are now focusing on reducing CO2 emissions and water consumption through improved processing options while manufacturing ceramic tiles.

Wet clays, feldspar, alumina, silica, and sand are some of the most commonly used raw materials during the manufacturing process of ceramic tiles. Key raw material suppliers include Saudi Ceramics, United Mining InvestmentsCo., Carrefour, and Saudi Dolomites. Growing demand for ceramics in automotive and electronics applications is expected to be a key concern for market players. Robust manufacturing base of ceramics in China, India, and Indonesia is expected to promote investments by market players.

Market is expected to witness growth over the forecast period owing to the rapid growth of the construction industry, which can be attributed to the high investments by various governments in companies for developing new residential & commercial complexes and infrastructural projects. In addition, increased emphasis by governments on the construction of new hospitals, educational institutions, and leisure projects is expected to create growth opportunities in the ceramic tiles market.

The market could be more organized to a greater extent as numerous domestic players are operating across GCC. Many small-scale players manufacture and distribute products and cater to wall and flooring applications. These players prefer the supply of ceramic tiles directly to the end market by avoiding distribution channel, thus negatively affecting the value chain.

List of Key Players in the GCC Ceramic Tiles Market

RAK Ceramics
Porcelanosa Dubai
Al Jawadah Ceramics
Forsan Ceramics
Al Anwar Ceramic Tiles Co. SAO
Al Maha Ceramics
Al Khaleej Ceramics
Saudi Ceramics
Niceramics
Arabian Tile Company Ltd.
FUTURE CERAMICS
Riyadh Ceramics
ARABIAN CERAMICS
Porcellan

Related Press Release@ GCC Ceramic Tiles Market Report

GCC Ceramic Tiles Market Report Highlights

Porcelain tiles led the market, accounting for approximately 51.6% of total revenue in 2023. Porcelain is more rigid and denser than its counterparts and offers better scratch-resistant properties than glazed ceramic tiles. However, the cost of porcelain tiles is higher than other ceramic tiles as they can absorb high moisture and are more hard-wearing.
Floor tiles application segment dominated the market and accounted for the largest revenue share of about 60.9% in 2023. Production of floor tiles using micro-crystal technology has several advantages, such as lower production cost, excellent aesthetic appeal, corrosion & chemical resistance, acid resistance, and glossy surface.
Due to increased demand for highly durable and cost-effective ceramic tile-based floorings in high-footfall commercial and industrial sectors, the commercial end-use segment led the market. It accounted for the most significant revenue share of approximately 57.2% in 2023. Ceramic tiles offer excellent durability, affordability, and style. They are suitable for classrooms, computer rooms, corridors, cafeterias, laboratories, hallways, entrance areas, and stairwells of schools, colleges, universities, and professional institutes.
The rapidly growing population drives the rising construction industry in the country. As per the data published by Worldometer, population of Saudi Arabia was around 36.9 million in 2023, an increase of about 1.48% compared to 2022. Increasing investment by government to improve railways and road infrastructure is expected to boost further the growth of ceramic tiles market in the country over the forecast period.
Prominent players in market comprise RAK Ceramics, Saudi Ceramics, Al Anwar Ceramic Tiles Co. SAOG, Al Jawdah, and Al Khaleej Ceramics. RAK Ceramics holds a significant market share; the company offers advanced ceramic tiles manufactured with digital printing technology and in various dimensions. Moreover, a dedicated supply channel associated with the company has increased penetration in the ceramic flooring market in the GCC region.

GCC Ceramic Tiles Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 10.29 billion
Revenue forecast in 2030	USD 15.74 billion
Growth rate	CAGR of 7.3% from 2024 to 2030
Base year for estimation	2023
Historical data	2018 - 2022
Forecast period	2024 - 2030

Request For A Free Consultation @ https://www.grandviewresearch.com/request-free-consultation/451794/rfc

GCC Ceramic Tiles Market Segmentation

Grand View Research has segmented the GCC ceramic tiles market on the basis of product, application, end-use, and country:

GCC Ceramic Tiles Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

Glazed Ceramic Tiles
Porcelain Tiles
Scratch Free Ceramic Tiles
Others

GCC Ceramic Tiles Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

Wall Tiles
Floor Tiles
Others

GCC Ceramic Tiles End-use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

Residential
Commercial

GCC Ceramic Tiles Country Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

Saudi Arabia
UAE
Kuwait
Bahrain
Oman
Qatar