With the mushrooming sales of automobiles, especially in the developing nations such as China, Mexico, India, and Brazil, due to the increasing per capita income of the inhabitants, the demand for lubricants is growing rapidly. This is because lubricants are extensively used in the crankcase of a vehicle engine for ensuring its efficient operation. Additionally, these crude oil by-products assist in reducing friction, which, in turn, leads to lesser wear and tear on the vehicle.
This consequently increases the lifespan of the vehicle. Besides, the growing public awareness about the various advantages of using lubricants in vehicles and various machines and factory equipment is also fueling the sales of these crude oil by-products across the world. Furthermore, many lubricant producers around the world are increasingly adopting customer-friendly methods such as trade shows and promotional campaigns for raising public awareness about their brand through visual and print media.
Through these methods, companies provide free samples and gifts to customers for creating curiosity and generating awareness about lubricants. Apart from this, the expansion of the automobile industry in several countries is also positively impacting the sales of lubricants. This is consequently causing a sharp surge in the global lubricants market. As a result, the market is predicted to progress at a CAGR of 2.3% from 2020 to 2030 and generate a revenue of $115,350.6 million by 2030.
Globally, the lubricants market will exhibit the fastest growth in the Middle East & Africa (MEA) region in the coming years, as per the estimates of the market research company, P&S Intelligence. This will be because of the presence of several oil wells in the region. Moreover, owing to the availability of crude oil and its by-products at affordable prices, lubricants are extensively used by manufacturing industries in the regional countries.
Hence, it can be said with confidence that the sales of lubricants will surge in the upcoming years, mainly because of the ballooning sales of automobiles, especially in the emerging economies, and the growing public awareness about the advantages of using these products in vehicles and factory equipment across the world.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
This report studies the global market size of Robotic Surgery Systems in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Robotic Surgery Systems in these regions.
This report also studies the global Robotic Surgery Systems market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Market size by End User
Rest of Central & South America
The study objectives of this report are:
To study and analyze the global Robotic Surgery Systems market size (value & volume) by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.
Latest Research Report on “Sports Medicine Products Market” Added by Analytical Research Cognizance which covers Market Overview, Future Economic Impact, Competition by Manufacturers, Supply (Production), & Consumption Analysis
This report studies the global market size of Sports Medicine Products Market in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Sports Medicine Products in these regions.
This report also studies the global Sports Medicine Products market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Market size by End User
